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re: Tariff Time
Posted on 1/31/25 at 2:27 pm to LSURussian
Posted on 1/31/25 at 2:27 pm to LSURussian
quote:
Nothing says "free market economics" like government imposed tariffs.
How are those 2 terms contradictory? Government isn't setting the price of the goods on the market. It's penalizing bad actors. It does not affect market pricing as long as their is competition in the market.
If we tax China's rubber dog shite 25%, they'll either lower the price of production to keep the rubber dog shite market share, or they'll increase prices and we buy Korea's rubber dog shite. The market price won't be affected as long as there is competition.
So, list out what goods/services are sole sourced from China/Mexico. That may be the case for increased cost. But even that wouldn't be permanent, and would be a greater detriment to the seller, rather than the buyer.
0
Posted on 1/31/25 at 2:27 pm to TigersHuskers
quote:
10% on China
I believe Trump has not yet imposed that tariff he said he's going to wait to talk to President Xi first.
Posted on 1/31/25 at 2:27 pm to momentoftruth87
quote:
Great posts, the simple minds don’t understand how the tariffs help us and how we can navigate.
Simple minds???
There have been a lot of great right leaning/right wing conservative economists the last 50-60 years. They all are in 100% agreement on tariffs. They have looked at the numbers, studied them and know them. They believe the exact opposite of what you believe.
So who to believe? Friedman or momentoftruth/bugac.
Posted on 1/31/25 at 2:27 pm to BugAC
quote:
It's basic economic theory. You want me to give you a timeline on production values for a product that is unnamed?
No. I don’t.
American companies have resisted domestic production due to costs.
So if you have an idea on how quickly production can be transferred domestically I’m all ears…
Posted on 1/31/25 at 2:28 pm to RetiredSaintsLsuFan
quote:
So this is what brought the markets down.
The markets are going down no matter what longer term because the Tech/AI bubble is over.
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Posted on 1/31/25 at 2:30 pm to DrrTiger
quote:
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.
As opposed to the kind of "friends" that infect you with an engineered virus? And whose political system is completely anathema to your own?
Why do we trade with China, but not Cuba?
Posted on 1/31/25 at 2:31 pm to jmarto1
quote:
You're missing the supply and demand part of it
Name a product then. Supply and demand determines cost, but is there a certain product that
A) China/Mexico has the most supply of?
B) Is this a product that can't be overtaken by another country?
C) What % of the supply of that good is provided by that country, in relation to the total quantity purchased by America?
Posted on 1/31/25 at 2:32 pm to frogtown
quote:
There have been a lot of great right leaning/right wing conservative economists the last 50-60 years. They all are in 100% agreement on tariffs. They have looked at the numbers, studied them and know them. They believe the exact opposite of what you believe.
So who to believe? Friedman or momentoftruth/bugac.
Post the article. How does it relate to the current situation?
Posted on 1/31/25 at 2:34 pm to AGGIES
quote:
So if you have an idea on how quickly production can be transferred domestically I’m all ears…
What product?
Posted on 1/31/25 at 2:37 pm to TigersHuskers
Posted on 1/31/25 at 2:39 pm to AGGIES
quote:
Price increases are good for Americans?
Nobody forces you to buy shite from foreign countries.
Posted on 1/31/25 at 2:39 pm to Harry Boutte
quote:
As opposed to the kind of "friends" that infect you with an engineered virus?
We weren’t exactly inculpable there..
And Trump clearly thinks he can play hardball with Mexico and Canada to a level he can’t with China. They don’t have the same leverage, frankly.
quote:
Why do we trade with China, but not Cuba?
Because they’re irrelevant?
Posted on 1/31/25 at 2:40 pm to TigersHuskers
NOW ABOLISH TAXES MR PRESIDENT 
Posted on 1/31/25 at 2:41 pm to John Barron
quote:The U.S. stock markets are UP since your Nerd graphic was posted four days ago, Comrade Snitchkovsky.
The markets are going down no matter what longer term because the Tech/AI bubble is over.
The poster was asking what happened TODAY which triggered the sudden sell off this afternoon.
The answer is that is when the WH announced an affirmation that the tariffs will go into effect tomorrow.
Stop trying to fake intelligence. You're not succeeding.
Posted on 1/31/25 at 2:42 pm to troyt37
quote:
Nobody forces you to buy shite from foreign countries.
This is the other factor. We are not forced to purchase goods.
quote:
In fact, in the absence of stimulus, tariffs’ price impacts may be partially offset elsewhere in the economy. Let’s say our imports become more expensive, but consumers and businesses do not have more money to spend in total. If they keep spending on imported goods at higher prices, they will have to cut back spending elsewhere. In this case, falling demand for domestically-produced goods would drop some prices. In practice, people’s habits tend to be stable, and part of the spending response would be less savings in the short run. But eventually, spending relative to income will return to normal. Thus, the tariffs will change relative prices—imports compared to domestic goods—but not inflation.
Also, the simple retort is "tariffs will cause inflation". In fact, it won't, unless the tariffs increased year over year.
quote:
Price changes that result from tariffs typically occur all at once. Inflation, however, reflects stimulus to the economy in excess of the growth of productive capacity. Monetarist economists assert that if production capacity grows by two percent per year, but the money supply grows by seven percent a year, the result will be five percent inflation.
LINK
Posted on 1/31/25 at 2:43 pm to TigersHuskers
quote:
25% on Canada and Mexico
10% on China
These are short term tariffs.
If Mexico and Canada secure their borders and come down on fentanyl producers in those countries their tariffs will be removed.
If China stop's supplying the fentanyl producers in Mexico and Canada with fentanyl precursors, their tariff will be removed.
Posted on 1/31/25 at 2:43 pm to DrrTiger
quote:
maple syrup at Costco today
Maine produces maple syrup too. Ironic that you're going to a store that gets most of it's non food products from ... CHI-NA.
Posted on 1/31/25 at 2:43 pm to DrrTiger
quote:
And Trump clearly thinks he can play hardball with Mexico and Canada to a level he can’t with China. They don’t have the same leverage, frankly.
quote:
Because they’re irrelevant?
And Haiti isn't? We trade with them.
That's a ridiculous answer that's really just avoiding the issue of trading with one communist nation but not another.
Posted on 1/31/25 at 2:47 pm to Harry Boutte
quote:
And Haiti isn't? We trade with them. That's a ridiculous answer that's really just avoiding the issue of trading with one communist nation but not another.
That’s because they are a member of the carribean trade act. Perhaps you shouldn’t be calling anyone else’s post ridiculous when you’re posting from a place of complete ignorance.
This post was edited on 1/31/25 at 2:48 pm
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