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Message
1
Posted on 2/21/25 at 11:40 am to GumboPot
quote:
And a lot of people support welfare instead of jobs
Tariffs are a form of welfare. BigCprp welfare.
To attract business back to this country, they have to be long term which every economist agrees is bad.
quote:
The empirical evidence on the growth effects of import tariffs is sparse in the literature, notwithstanding strong views held by the public and politicians. Using an annual panel of macroeconomic data for 151 countries over 1963–2014, we find that tariff increases are associated with an economically and statistically sizeable and persistent decline in output growth. Thus, fears that the ongoing trade war may be costly for the world economy in terms of foregone output growth are justified.
LINK
Posted on 2/21/25 at 11:42 am to RogerTheShrubber
800 more year which equals to be an extra $2 per day to have no income tax
Rogerthefluffers math proving hes a moron
Rogerthefluffers math proving hes a moron
Posted on 2/21/25 at 11:42 am to CAD703X
quote:
hold on, i can't respond until i get IBFreeman's in depth analysis.
I remember when "conservatives" fought him tooth and nail over film subsidies to Marxist Hollywood.
Good times.
Posted on 2/21/25 at 11:43 am to LordSnow
quote:
Someone explain the tariffs thing to me
tRaDe WaR!!!!!!!!!!!!!!!
-Our resident libtard NPCs
Posted on 2/21/25 at 11:43 am to LordSnow
By adding tariffs to imported goods, prices on the imports will rise. Goods made in the US can now compete with the tariffed imports. Some imports are made with child labor and/or slave labor , so these can be made cheaply and sold to US consumers. A product made in the US is made by someone who has a good job that pays fairly and pays taxes.
Like libtard Chuck Schumer showed us concerning Corona beer and guacamole, if Mexico's goods are subject to tariff, the price will likely rise. What he failed to mention is that a consumer can buy beer and guac made elsewhere. That is true with any product. Tariffs can and do work especially since the US economy consumes a large percentage of goods produced from sh!thole countries, especially China.
Like libtard Chuck Schumer showed us concerning Corona beer and guacamole, if Mexico's goods are subject to tariff, the price will likely rise. What he failed to mention is that a consumer can buy beer and guac made elsewhere. That is true with any product. Tariffs can and do work especially since the US economy consumes a large percentage of goods produced from sh!thole countries, especially China.
Posted on 2/21/25 at 11:43 am to SDVTiger
quote:
800 more year
With the new tariffs, thats projected to be much higher.
But you live with parents, so its not a concern to you.
Posted on 2/21/25 at 11:45 am to SDVTiger
Stick to fishing. Cap.
Posted on 2/21/25 at 11:45 am to RogerTheShrubber
Please provide us with your math of much more clown
We will wait for this one
We will wait for this one
Posted on 2/21/25 at 11:46 am to KiwiHead
Oh look dumb and dumber are here 
Posted on 2/21/25 at 11:46 am to DByrd2
Picture you have a teenager who you buy a cellphone for under agreement to use correctly and follow the rules you set in place for the phone and their life.
Then that kid breaks the rules and you take the phone back as punishment for two weeks. Do you then cancel the phone? No you keep it. Even though it costs you money, until the kid comes right and you give it back.
Are you pissed you paid for a phone that didn’t get used for two weeks. Sure. But it was worth it to use as an instructional tool to correct behavior in your kid, right?
You now understand how a tariff is supposed to work.
It’s not meant to save you money in the short term. It’s meant to correct behaviors in the short term for your benefit in the long term.
Then that kid breaks the rules and you take the phone back as punishment for two weeks. Do you then cancel the phone? No you keep it. Even though it costs you money, until the kid comes right and you give it back.
Are you pissed you paid for a phone that didn’t get used for two weeks. Sure. But it was worth it to use as an instructional tool to correct behavior in your kid, right?
You now understand how a tariff is supposed to work.
It’s not meant to save you money in the short term. It’s meant to correct behaviors in the short term for your benefit in the long term.
This post was edited on 2/21/25 at 11:49 am
Posted on 2/21/25 at 11:49 am to AllbyMyRelf
quote:
EU countries apply a zero-rating to exports out of the EU. That means that EU products sold to the US are not subject to the VAT. However, US goods, when sold to the EU, have the VAT applied.
While not exactly the same as a tariff, it does create a bias in the balance of trade by making EU exports relatively cheaper and US imports relatively more expensive.
Even though they’re not the same as tariffs, this bias in application makes them not the same as SALT.
Think about that. They lowered their taxes on goods shipped to the US so they would be more competitive. Instead of responding by lowering our taxes and tariffs, we will raise them to keep things competitive.
That makes sense to you? I get it if either the tariffs are out of whack or there is rampant IP theft (looking at you, China), but this seems wrong. Or maybe it's just a negotiating tool. That's the only way it makes sense to me.
Posted on 2/21/25 at 11:51 am to aero1126
quote:
Prices will absolutely go up.
In some areas and products, yes. But in many they will not. The idea that prices have infinite elasticity is false. Someone, at the end of the day, has to actually buy the product.
I personally import items from around the world and am involved in paying tariffs. Sometimes we can pass that along and sometimes we cannot
There are many variables beyond prices going up:
Other countries step in and fill the void.
Domestic production increases
Prices get cut.
Consumers quit buying the product at all, at any price.
They drop their tariffs and then we drop ours.
And more variables than these exist.
Posted on 2/21/25 at 11:53 am to randybobandy
quote:
Tariffs can and do work especially since the US economy consumes a large percentage of goods produced from sh!thole countries, especially China.
Agree with this, and to provide a little more granularity, when tariffs are imposed on China the price of Chinese goods will go up. That will in turn influence consumers to either look for goods else where, or not buy them at all which will shift the supply curve of Chinese goods to the right. (overproduced/overstocked) which then puts pressure on Chinese manufacturers to either lower prices back to normal levels or make less goods. When the US provides an enormous portion of Chinese GDP, this puts economic strain on the Chinese economy. We then have leverage to broker better trade deals.
Posted on 2/21/25 at 11:55 am to randybobandy
quote:
By adding tariffs to imported goods, prices on the imports will rise.
Not always true.
Because ......
quote:
a consumer can buy beer and guac made elsewhere. That is true with any product.
They still have to compete in the market. They will have to absorb the tariffs in many circumstances. Not all, but many.
Posted on 2/21/25 at 12:03 pm to BigJim
quote:Not sure what you’re saying here. We don’t charge ourselves a tariff on US goods, so there’s no tariff to reduce. We don’t charge SALT on US exports, so there’s not SALT to reduce.
Think about that. They lowered their taxes on goods shipped to the US so they would be more competitive. Instead of responding by lowering our taxes and tariffs, we will raise them to keep things competitive.
However, we also do not charge SALT on foreign goods if they’re purchased directly from the foreign producer, but the EU will apply the VAT in the same circumstance, so there is an imbalance.
quote:I think it’s pretty clear that it’s a negotiating tool. Otherwise, why would we eliminate the tariffs in the event the other countries respond favorably?
Or maybe it's just a negotiating tool.
Posted on 2/21/25 at 12:08 pm to Bjorn Cyborg
quote:
They still have to compete in the market. They will have to absorb the tariffs in many circumstances. Not all, but many.
If the tariff is "absorbed" then what is the benefit to US producers?
Posted on 2/21/25 at 12:12 pm to Flats
quote:In the unlikely event that the tariff is simply absorbed with no rise in prices, then that means the foreign producer has a loss of income. This loss of income usually means a loss of tax revenue in the foreign country and an escalation of political pressure from the producer on the foreign government. These effects, I would think, would be insignificant. The main benefit in that case would be the increased tax revenue for the US government without a corresponding loss of consumer surplus from the trade.
If the tariff is "absorbed" then what is the benefit to US producers?
Posted on 2/21/25 at 12:28 pm to wackatimesthree
quote:Because they want our money, and stuff we sell (like food and oil, etc).quote:
It’s used as a leverage.
And why does it work as leverage?
It's called "Trade" for a reason, both parties are supposed to get something out of the deal. Trump, as a businessman, has identified deals where we can benefit more; and Trump, as the US President, is obligated to obtain those benefits for the US.
Posted on 2/21/25 at 12:30 pm to Flats
quote:
If the tariff is "absorbed" then what is the benefit to US producers?
Tariff revenue for the United States. Loss of profits for the foreign competitor, which weakens them.
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