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Started By
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re: If this was about tariffs, why was Switzerland targeted?
Posted on 4/4/25 at 8:10 am to OceanMan
Posted on 4/4/25 at 8:10 am to OceanMan
quote:quote:
Because what the Administration is telling the American people are “tariffs” by other countries are not tariffs at all
This post is nonsense. It does not make sense, try harder or stop talking.
On the chart that was shown on Liberation Day, was the column titled "tariffs charged to the US" accurately represented or not?
1
Posted on 4/4/25 at 8:10 am to dgnx6
quote:Like wet streets cause rain. Have you ever seen a dry street while it's raining?
Prolonged trade deficits hurt our currency.
Your causality is backwards. Our strong currency is why we have trade deficits.
Posted on 4/4/25 at 8:10 am to dgnx6
quote:
Prolonged trade deficits hurt our currency.
How so?
Posted on 4/4/25 at 8:11 am to Taxing Authority
quote:
Your causality is backwards. Our strong currency is why we have trade deficits.
That and our prosperity
Posted on 4/4/25 at 8:11 am to Ingeniero
It’s about several things - not just unfair trade practices. We have to balance our budget. What are the options for doing this? Raise taxes? Cut social security, Medicaid, Medicare? Cut defense as China is ramping theirs up?
Tariffs are a way to get revenue that is only partially paid by our own citizens. Also, Trump has to kill inflation; a downturn caused by tariffs will do the trick, but it can’t linger or it defeats the revenue purpose. He will have to stimulate to jump start the economy a year from now.
Trump is trying to accomplish a lot of things and solve a lot of problems that have been building up for decades. Everyone has been punting to the future until now. God bless him for trying; if he can skin this cat he deserves to be on Mount Rushmore.
Tariffs are a way to get revenue that is only partially paid by our own citizens. Also, Trump has to kill inflation; a downturn caused by tariffs will do the trick, but it can’t linger or it defeats the revenue purpose. He will have to stimulate to jump start the economy a year from now.
Trump is trying to accomplish a lot of things and solve a lot of problems that have been building up for decades. Everyone has been punting to the future until now. God bless him for trying; if he can skin this cat he deserves to be on Mount Rushmore.
Posted on 4/4/25 at 8:12 am to Penrod
quote:
Trump is trying to accomplish a lot of things and solve a lot of problems that have been building up for decades. Everyone has been punting to the future until now. God bless him for trying; if he can skin this cat he deserves to be on Mount Rushmore.
Bingo.
Posted on 4/4/25 at 8:16 am to stout
quote:
It still is reciprocity, just with closed possible loopholes.
By this logic we should charge EVERY country the same tariff as China. As China could potentially use any of them. There's probably 20 countries more likely to do cross-docking than the McDonald islands. I'm not sure who in the administration came up with that chart, or the formulas, but they did Trump no favors.
Posted on 4/4/25 at 8:19 am to Aubie Spr96
It's the calculation of the trade deficit divided by the new tariff rate? For some reason we think of a trade deficit as bad when all it means is that we have a really big appetite....and the consumer does not want to pay a lot for it.
Posted on 4/4/25 at 8:21 am to Ingeniero
quote:
why was Switzerland targeted?
Because we have to balance our trade, just like we have to balance our budget, preferably before the dollar crashes and does it for us. Our politicians have given lip service to US jobs for decades, while steadily shipping them offshore. Meanwhile govt dependency soars and we gradually evolve into a nation that consumes but does not produce. Unsustainable, to say the least, and any politician, economist, etc., who says we're fine is either a liar or an idiot.
Tariffs are a hard way to accomplish those goals, but until somebody has a better solution to the twin deficits that are destroying the country, tariffs may be our best remaining shot to reverse course. We've waited too long and every course is perilous, but continued piddling and disinformation are a certain path to failure.
This post was edited on 4/4/25 at 9:07 am
Posted on 4/4/25 at 8:22 am to Penrod
quote:So become dependent on revenue from imports? I thought were shooting to reduce imports and MAGA?
Tariffs are a way to get revenue that is only partially paid by our own citizens.
quote:Nope. Tariffs cause stagflation a'la Jimmah Carter. I don't have the link handy but Ray Dalio covered it in a twitter post a day or two ago if you're looking for a good explanation.
Also, Trump has to kill inflation; a downturn caused by tariffs will do the trick
Posted on 4/4/25 at 8:22 am to Ingeniero
Maybe they are major manufacturers of fentanyl?
Posted on 4/4/25 at 8:24 am to wdhalgren
quote:Again, we do not have to pay back trade deficits.
Because we have to balance our trade, just like we have to balance our budget
Posted on 4/4/25 at 8:25 am to Paddyshack
quote:
Right.
It would be much more accurate to say "trade deficits might be influenced by tariffs".
Posted on 4/4/25 at 8:25 am to Ingeniero
The short of it is these are not reciprocal tariffs, this was a lazy bullshite equation they came up with that makes them look bush league as frick. How is it so hard to truly dig into what the reciprocal tariffs should be on each country, I know that can be difficult, but if you’re gonna do something of this magnitude, you better make sure it’s fricking right. And how does he not have the people to do that? I’m all about fair trade, but not like this.
Posted on 4/4/25 at 8:26 am to Aubie Spr96
quote:
It was ‘calculated’ by fricking clowns.
In my view, the stupid part was not just labeling it "Trade Deficit". That's what it is, not any other calculation.
This is a self inflicted wound. The tariff thing is controversial enough w/o this weirdness.
Posted on 4/4/25 at 8:26 am to Taxing Authority
I swear I'm going to have an aneurysm reading some of these answers.
You have a trade deficit with McDonald's because you buy more big macs from them than they buy whatever it is you sell to them. That doesn't mean McDonald's is ripping you off. It means you're eating hamburgers
You have a trade deficit with McDonald's because you buy more big macs from them than they buy whatever it is you sell to them. That doesn't mean McDonald's is ripping you off. It means you're eating hamburgers
Posted on 4/4/25 at 8:26 am to wdhalgren
Tariff's......Making Recessions Great Again.....see Smoot/ Hawley and Hoover in 1930.....took a bad situation and made it worse.
Posted on 4/4/25 at 8:27 am to Flats
quote:
It would be much more accurate to say "trade deficits might be influenced by tariffs".
Or
quote:
There theoretically can be a relation
Posted on 4/4/25 at 8:27 am to IvoryBillMatt
The chart was good.
Very clear.
Very clear.
Posted on 4/4/25 at 8:27 am to Taxing Authority
quote:
Again, we do not have to pay back trade deficits.
That's the 3rd or 4th time I've seen that bizarro claim.
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