re: My hero Javier Milei releases lengthy statement on tariffs

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Just more to tariffs than free trade.
You can't say that.

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Absolutely can.

Protectionist policies destroy innovation.

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No, us buying cheap components has made us wealthier.

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Exactly how does another country tarriffing our goods cause the component prices to decrease?

Seems more likely that foreign countries use slave labor to create those components and you like benefitting from slaves doing work, as long as you get your components cheap.

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And a market backed by stocks/bonds/speculation is more or less risky than one backed by tangible assets?

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Its not coming back, dude. You need to evolve with the rest of us.

Trumps living a mercantilist existence and you people are willing to believe it, without doing ANY research whatsoever.

You can argue with me until your fingers fall off, but you'll still be wrong.

Exactly how does another country tarriffing our goods cause the component prices to decrease?

Thats retarded You cant even follow simple sentences.

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I'm thrilled personally. My life is good.

I dont feel for those left behind, they had the same chance to evolve as we did.

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Yet you feel for "poorer countries"?

We aren't discussing personal decisions. I'm sure driving a tour bus in Alaska is fulfillment. And under the Bush/Obama/Biden regime you were also allowed to prosper. Good for you. But as i've stated many times, imagine what this country could achieve if all of the handcuffs big government imposed upon the people, were removed? We started seeing that before covid, under Trump. We will see it again.

And while YOU are satisfied with business as usual, the country was not. I'm not elderly like you, so i still have a lot more earning potential in my retirement, so does millions of others. They'd rather not see that potential pissed away because some old boomer is happy with the status quo.

This comment from you tells us a lot about you.

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Exactly how does another country tarriffing our goods cause the component prices to decrease? Thats retarded You cant even follow simple sentences.

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You are arguing against removing tarriffs that other countries put on us. Ones that I want to bust the other countries in the chops and remove. You're telling me that we are better off. I just want to know what the tarriff imposed by another country is doing to make me and my country better off. Maybe you just tried to move the goal post.

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Its not coming back, dude. You need to evolve with the rest of us.

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Well, if that's your answer, then i can say the same. Retaliatory tariffs are here to stay. It's the correct response, so you just need to evolve.

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Trumps living a mercantilist existence and you people are willing to believe it, without doing ANY research whatsoever.

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Cool, you just need to evolve. Your way is dying. Sorry. American exceptionalism will be good for the rest of us. Sorry, not so much for you.

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You can argue with me until your fingers fall off, but you'll still be wrong.

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Imagine being so pompous to make this statement, knowing these tariffs will cause our partners to lower theirs. You've devolved yourself into a selfish, pompous, bitter old man with hate in his heart, because he let politics control his life. Sounds like so many people on here you hate so much.




Again, stop ignoring this. I know why you are, because your retort will fail:

And what if all/most components were manufactured and assembled in the USA? Profit potential and wealth potential for the united states increases. Why do you want to limit American potential? How does that benefit America?

And you still haven;t addressed the entire post, try YET AGAIN:



The market is doing what the market does. And the market dictates that all things being equal, if price point is not, then those with the lower price are at an advantage.

Let's take Canada for example. They have tariffs/VAT on our goods. We announce a 25% retaliatory tariff. Trade with the US amounts to 29% of Canada's entire GDP. Trade with Canada amounts to less than 2% of American GDP. We have the advantage and Canada will absolutely acquiesce because they cannot afford this trade war. We can weather the storm much easier seeing as we have multiple trade partners around the world and we produce similar goods domestically.

So why are you against this tariff with Canada, if they have shown no will up to this point, to reduce their own tariffs on our goods?

I see his point, but I doubt that his trade partners are hitting him with 250% tariffs.

And if they were, Argentine companies wouldn't be selling their products to 8 billion people around the globe.

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Oh wow, you really don't understand what you're talking about.

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LINK

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But protectionism has dire consequences for long-term economic growth, warn University of Chicago’s Ufuk Akcigit, Sina T. Ates of the Federal Reserve Board, and University of Nottingham’s Giammario Impullitti, who find that protectionist policies discourage innovation by domestic companies, and thereby hamper growth.


I see you didnt learn anything from Japan's reaction to protectionism here, in the 1980s.

“When you close your borders, you’re removing the international competitive pressure on your firms, so they don’t need to upgrade their technologies anymore,” says Akcigit. “As a result, they don’t need to invest that much in R&D, and that’s why you have less innovation in the longer run and less economic growth in the long run.”

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You are arguing against removing tarriffs that other countries put on us. Ones that I want to bust the other countries in the chops and remove. You're telling me that we are better off. I just want to know what the tarriff imposed by another country is doing to make me and my country better off. Maybe you just tried to move the goal post.

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Save it. We know who he is.

Bitter old man, who is semi-retired. He's content in his, and only his, station in life. The status quo was good for him. Change in status quo, however, will yield great results for the rest of us, and maybe that's why he doesn't like it. Because then, by comparison, he won't be as "successful" as he thinks he is. And he acts this way knowing that his grandchildren, if not for Trump, would be imprisoned by the status quo for the rest of their lives. The bitterness in his response makes it sound like he voted for Harris.

Well Roger, did you vote for Trump? Or did your bitterness not allow that to happen?