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Started By
Message
re: Tariff Time
Posted on 1/31/25 at 2:14 pm to AGGIES
Posted on 1/31/25 at 2:14 pm to AGGIES
quote:
But the every day Americans who are living paycheck to paycheck are going to be hurt by higher prices.
Prices will only get higher, if a commodity is sole sourced from the tariffed nation. Otherwise, competing nations and domestic production will outperform the sales and essentially remove the tariffed nations products from competition.
This post was edited on 1/31/25 at 2:15 pm
1
Posted on 1/31/25 at 2:14 pm to LSURussian
China is the one to be careful with. If we destroy their manufacturing before someone can take their place we will have real inflation
Posted on 1/31/25 at 2:15 pm to wackatimesthree
quote:
How so?
Brings jobs back
Posted on 1/31/25 at 2:15 pm to jmarto1
quote:
China is the one to be careful with. If we destroy their manufacturing before someone can take their place we will have real inflation
China needs trade more than we need to allow it.
America is the largest market in the world. You'd be a fool to take on tariffs that make you uncompetitive in the world market because you don't want to treat America fairly.
Posted on 1/31/25 at 2:15 pm to BugAC
quote:
So in short, if 25% tariff on Coffee, and Columbia decides to add those tariffs to the cost of their product, then that product is no longer in competition with the dozens of other coffee producing nations that are not tariffed.
Right...but what if their coffee was the best and cheapest coffee available to the US consumer prior to the tariff? Now the consumer will still pay more to the next lowest price competitor...right?
Posted on 1/31/25 at 2:17 pm to jmarto1
quote:
someone can take their place
How about Mexico seems like a good deal all around.......oh wait..
This post was edited on 1/31/25 at 2:17 pm
Posted on 1/31/25 at 2:17 pm to AGGIES
quote:
Price increases are good for Americans?
It can be a net benefit if it results in more manufacturing jobs for Americans which is been a declining industry for 40 years, and used to be a major avenue for people to get into the middle, working class instead of having all those jobs overseas.
I'm not really sure if Trump is going to be able to pull off getting rid of income tax completely, I'll believe it when I see it. But if he is able to do that, paired with the tariffs bringing in more manufacturing jobs, giving more Americans access to said untaxed income, then it would be a huge boon for middle class workers.
Posted on 1/31/25 at 2:18 pm to ThuperThumpin
quote:
Right...but what if their coffee was the best and cheapest coffee available to the US consumer prior to the tariff?
1) It wasn't.
2) if this is hypothetical, then another nation will take it's place. Basic free market economics. The next guy up will gladly lower prices (and the next guy in a cascading affect) to become THE main supplier. Again, basic economics.
Posted on 1/31/25 at 2:18 pm to BugAC
quote:
BugAC
Great posts, the simple minds don’t understand how the tariffs help us and how we can navigate.
Posted on 1/31/25 at 2:19 pm to WaterLink
quote:
I'm not really sure if Trump is going to be able to pull off getting rid of income tax completel
By replacing it with tariffs?
Posted on 1/31/25 at 2:19 pm to BugAC
quote:
Prices will only get higher, if a commodity is sole sourced from the tariffed nation. Otherwise, competing nations and domestic production will outperform sales.
Sure, I get that in textbook theory.
Do you think that prices will NOT increase?
You have a projected timeline on this competing or domestic production?
What about the idea of ramping up the domestic production before imposing the tariffs?
Posted on 1/31/25 at 2:20 pm to BugAC
quote:Nothing says "free market economics" like government imposed tariffs.
Basic free market economics.
Posted on 1/31/25 at 2:20 pm to LSURussian
quote:
We have the best inflation, don't we, folks?"
Incorrect....During Donald Trump's first term, his administration implemented significant tariffs, particularly on Chinese imports under Section 301 (targeting intellectual property issues) and on steel/aluminum under Section 232 (citing national security). Despite concerns that tariffs could drive inflation, overall inflation remained relatively low...around 2% pre-pandemic
Posted on 1/31/25 at 2:20 pm to TigersHuskers
So this is what brought the markets down.
Posted on 1/31/25 at 2:22 pm to AGGIES
quote:
Do you think that prices will NOT increase?
What product? I really don't.
And frankly, in terms of China, we shouldn't be giving preference to any nation that is adversarial towards us.
quote:
You have a projected timeline on this competing or domestic production?
It's basic economic theory. You want me to give you a timeline on production values for a product that is unnamed?
quote:
What about the idea of ramping up the domestic production before imposing the tariffs?
1) It can be done simultaneously.
2) Why wait?
3) If it's something we have to wait on, again, competitors of the tariff'd nations will....COMPETE!
Posted on 1/31/25 at 2:23 pm to WaterLink
quote:
It can be a net benefit if it results in more manufacturing jobs for Americans which is been a declining industry for 40 years, and used to be a major avenue for people to get into the middle, working class instead of having all those jobs overseas.
I’m all for domestic production.
thats the big IF…
Posted on 1/31/25 at 2:25 pm to BugAC
You're missing the supply and demand part of it
Posted on 1/31/25 at 2:25 pm to BugAC
quote:
this is hypothetical, then another nation will take it's place. Basic free market economics. The next guy up will gladly lower prices (and the next guy in a cascading affect) to become THE main supplier. Again, basic economics.
Yes hypothetical and just trying to understand how this will work. ..25% seems like damn high rate.
Posted on 1/31/25 at 2:26 pm to Harry Boutte
quote:
So we give a better deal to our enemies than we give to our friends?
The kind of “friends” who show up unannounced, sleep on your sofa for weeks, eat your food without paying for any of it, and don’t clean up after themselves.
Posted on 1/31/25 at 2:27 pm to jmarto1
Forcing American workers to compete with Chinese slave labor is how we got into this mess over the past 30+ years. Cutting off all the junk they dump into our economy would improve wages for Americans over time once some of the manufacturing comes back here.
Most of the shite coming in from China isn't anything anyone actually needs to survive and hardly anything tracked within the CPI inflation index is coming in from China anyway.
Most of the shite coming in from China isn't anything anyone actually needs to survive and hardly anything tracked within the CPI inflation index is coming in from China anyway.
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