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Message
re: Mark Levin on Tariffs
Posted on 7/25/18 at 7:57 am to NC_Tigah
Posted on 7/25/18 at 7:57 am to NC_Tigah
quote:
Ultimately you're right of course. It is a risk. So is betting a full house. It's just a matter of scaling the odds. Given current trade differentials and relative impact on various parties, odds here should favor the US.
On a macro level, the US has a ton of economic leverage. But you're overlooking the effects of retaliatory tariffs on individual regions/industries. Trump said that they're targeting "people that like me." That's why farmers are getting $12 billion.
1
Posted on 7/25/18 at 8:00 am to CivilTiger83
I love Mark Levin but he mischaracterizes Trump on tariffs.
Both Mark and Trump don’t want tariffs. The difference is Trump is willing to use tariffs to negotiate trade deals. On the other hand Mark handicaps his negotiation position by immediately taking tariffs off the table. That’s how you get cucked.
Both Mark and Trump don’t want tariffs. The difference is Trump is willing to use tariffs to negotiate trade deals. On the other hand Mark handicaps his negotiation position by immediately taking tariffs off the table. That’s how you get cucked.
Posted on 7/25/18 at 8:06 am to CivilTiger83
Read any tariff thread here and prepare to be amazed at the idiocy. There are potential positive uses for tariffs and subsidies. We’ve subsidized farmers and sugar and all kinds of things to protect the wages of our farmers against slave wages and low production standards overseas. Countries impose permanent tariffs on imports to protect domestic wages and to account for domestic environmental protection requirements. Each country may have a unique set of domestic priorities which it wants to shield from destruction by advantaged foreign markets.
The typical Trumpster says here that the end goal is to eliminate all tariffs and trade protections internationally.
If the American right wing wants totally unrestrained and unregulated trade, then the slave wage countries will drive us to slave wages to compete. The pollution excess countries will bring back smog and polluted groundwater here to compete. Without considering the actual consequences, the average Trumpster advocates a competition where everyone will be forced to live on Chinese wages and wear masks to breathe like the Chinese. Because let’s be honest. A country that allows businesses to pay workers pennies a day can do anything cheaper than a country which prioritizes at least a minimum level of fair wage.
But this seems to be the long term Republican goal. Trump is gutting the very worker protection and environmental regulations which prevent this kind of exploitation. Trump is eliminating insurance protections and proposive cuts to social security. The long term goal is the depression of the American worker.
The typical Trumpster says here that the end goal is to eliminate all tariffs and trade protections internationally.
If the American right wing wants totally unrestrained and unregulated trade, then the slave wage countries will drive us to slave wages to compete. The pollution excess countries will bring back smog and polluted groundwater here to compete. Without considering the actual consequences, the average Trumpster advocates a competition where everyone will be forced to live on Chinese wages and wear masks to breathe like the Chinese. Because let’s be honest. A country that allows businesses to pay workers pennies a day can do anything cheaper than a country which prioritizes at least a minimum level of fair wage.
But this seems to be the long term Republican goal. Trump is gutting the very worker protection and environmental regulations which prevent this kind of exploitation. Trump is eliminating insurance protections and proposive cuts to social security. The long term goal is the depression of the American worker.
Posted on 7/25/18 at 8:13 am to GumboPot
quote:
Both Mark and Trump don’t want tariffs. The difference is Trump is willing to use tariffs to negotiate trade deals. On the other hand Mark handicaps his negotiation position by immediately taking tariffs off the table. That’s how you get cucked.
You still don't get it. When another country imposes tariffs on our products, it hurts them more than us. You can't get cucked with tariffs in that sense. If anything, we should lower our own tariffs and pass the savings on to Americans. Trade deficit? So what? Almost no economists care about trade deficits.
This post was edited on 7/25/18 at 8:14 am
Posted on 7/25/18 at 8:18 am to CivilTiger83
quote:
PS Does anybody else think it's crazy that Trump can arbitrarily set tariifs on any product and claim national security as the reason? That is Congress's job as laid out in the Constitution... Or do we not care about that document anymore?
Trumpkins have little to no intellectual or moral consistency. All that matters is what the Orange God King thinks. This is the issue that will most easily convince me to vote for a Democrat, depending on the candidate, and certainly a primary opponent.
Posted on 7/25/18 at 8:23 am to cahoots
quote:
, it hurts them more than us.
To the tune of them making $517 billion dollars. How does that hurt them?
Posted on 7/25/18 at 8:24 am to CivilTiger83
unfair tariffs have been hurting this country for decades. Its like high blood pressure the silent killer. It has to be fixed. The time to fix this problem is now when you have a peaking economy. You don't try to fix when you have an economy that Obama had us in. Now is the time. We are at full strength and can handle a little set back in order to correct these unfair trade practices.
Posted on 7/25/18 at 8:24 am to CivilTiger83
quote:
The whole cuck thing is a silly ad hominem attack that does nothing for your argument.
You take anonymous internet posting way too literal.
Lighten up Francis.
Posted on 7/25/18 at 8:24 am to More&Les
quote:
I was right, you haven't a clue
Simple question... Show me in the Constitution where the President was given the power to levee tariffs?
I understand that the President has been given authority by Congress, but it was given in a limited sense for wartime emergencies. There is a reason our Founding Fathers did not give this authority to Congress, and they should take it back. In fact that is exactly what the Republican senator from Nebraska was saying yesterday.
Posted on 7/25/18 at 8:25 am to cahoots
quote:No, I'm not at all. But we are running a $375Billion deficit trade deficit with China.
But you're overlooking the effects of retaliatory tariffs on individual regions/industries.
Even given the deficit, the US exports $129Billion to China. That is real money. Ability of China to target $129Bn in US production will obviously cause pain.
Regardless of the fact a fair trade environment would allow the $129Billion to grow substantially, getting there will certainly involve temporary pain. Retaliatory attempts will hurt.
OTOH, the same is true in China, with their $505Billion producers getting tagged. $505Bn is substantially greater in terms of the Chinese economy than $129Bn is for ours. So where are the more probable tolerances?
This post was edited on 7/25/18 at 8:33 am
Posted on 7/25/18 at 8:25 am to I B Freeman
quote:
Waiting on an example of any misrepresentation I have made.
Put up or shut up.
You have ignored the fact we have lowered the corporate tax to 21% and eliminated thousands of costly regulations in every discussion we’ve had about this.
If a company goes from buying steel for $100 million to paying $125 million, but they save $50 million on taxes and another $20 million on overhead costs, why is this an issue?
The net return is higher margins no matter how much you keep complaining.
Companies raise their prices when they have lower margins, not higher.
But you just keep acting like lower taxes and eliminated regulations aren’t a direct offset to tariffs.
So yes, you are being intellectually dishonest.
Posted on 7/25/18 at 8:26 am to BeefDawg
quote:
Waiting on an example of any misrepresentation I have made.
Put up or shut up.
You have ignored the fact we have lowered the corporate tax to 21% and eliminated thousands of costly regulations in every discussion we’ve had about this.
So no misrepresentations then?
Posted on 7/25/18 at 8:27 am to Tiger on the Rag
quote:
unfair tariffs have been hurting this country for decades. Its like high blood pressure the silent killer. It has to be fixed. The time to fix this problem is now when you have a peaking economy. You don't try to fix when you have an economy that Obama had us in. Now is the time. We are at full strength and can handle a little set back in order to correct these unfair trade practices.
It’s been correcting itself already:
But hey, let’s not think this through at all and continually spout bullshite out of our asses and not look at the data at all.
Posted on 7/25/18 at 8:34 am to CivilTiger83
Trump always seems to come out ahead on these things when everyone is up in arms about it, so I'm just gonna see how it plays out.
All I know is the massive trade deficits and shitty trade deals before weren't working as we have seen a steady decline in American production over the past few decades minus the once in a lifetime Internet boom.
Time to try something different
All I know is the massive trade deficits and shitty trade deals before weren't working as we have seen a steady decline in American production over the past few decades minus the once in a lifetime Internet boom.
Time to try something different
Posted on 7/25/18 at 8:35 am to Lg
quote:
To the tune of them making $517 billion dollars. How does that hurt them?
China didn't make $517 billion on us. The Chinese government is subsidizing a lot of those exports. And they're selling to us at razor thing margins. We are getting a huge discount and you are complaining.
This post was edited on 7/25/18 at 8:38 am
Posted on 7/25/18 at 8:36 am to I B Freeman
(no message)
This post was edited on 5/27/23 at 3:53 am
Posted on 7/25/18 at 8:36 am to OMLandshark
quote:
But hey, let’s not think this through at all and continually spout bull shite out of our asses and not look at the data at all.
Where's China on that graph? Is it it included in the EU or OECD?
Posted on 7/25/18 at 8:40 am to OMLandshark
quote:
It’s been correcting itself already:
Not there yet. This will take another year or so and your chart will look much better.
Posted on 7/25/18 at 8:40 am to cahoots
quote:
You still don't get it. When another country imposes tariffs on our products, it hurts them more than us. You can't get cucked with tariffs in that sense. If anything, we should lower our own tariffs and pass the savings on to Americans. Trade deficit? So what? Almost no economists care about trade deficits.
What a load of BS.
We manufacture and produce 98% of the goods we consume, but we export 40% of those goods out and then turn right around and import those same 40% of goods back in from foreign competitors.
We do this mostly because our 40% can’t compete with the foreign retail pricing.
Why? Because those foreign countries have (had) cheaper corporate tax rates, much fewer costly regulations, and much cheaper labor.
They tariff our 40% they import and this makes up for their paying out cheap labor.
This is by definition an “arbitrage”.
We are getting exploited in that scenario. And if we keep letting it happen, the foreign entities will continue to take more of our domestic market shares.
Meaning we will continue exporting and importing more, and they will continue making up the difference with tariffs.
More and more of our companies will flee the US so they can try to avoid foreign tariffs and setup shop in low corporate tax regions.
This means less jobs, less GDP, and less tax revenues. Which is exactly how you funnel into a depression.
Trump is trying to reverse this. We are exporting and importing less. Companies are moving to the US instead of fleeing it. Jobs are pouring in. GDP and tax revenues are going up.
This was the whole purpose of lowering the corporate tax rate and eliminating regulations. To make our companies more competitive with those cheap labor foreign companies.
This post was edited on 7/25/18 at 8:42 am
Posted on 7/25/18 at 8:40 am to CivilTiger83
It’s funny.
Tariffs are taxes. Tariffs are an attempt to centrally plan an economy by using the power of the gov’t to correct some perceived disadvantage. The fact that Rs are arguing FOR tariffs and Ds are arguing AGAINST tariffs is fricking hilarious to me.
Tariffs are taxes. Tariffs are an attempt to centrally plan an economy by using the power of the gov’t to correct some perceived disadvantage. The fact that Rs are arguing FOR tariffs and Ds are arguing AGAINST tariffs is fricking hilarious to me.
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