re: Tariff Time

If this were Biden doing the same thing, the howls from this board and the MAGA nation would be deafening.

Canada and Mexico will cave.....they are in no position to do anything else.

TRUMP knows EXACTLY what he is doing!

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Ooooh . I’d love to hear your hot take on the need to raise corporate taxes then!

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I don't think you have to touch the corporate tax rate to fix the budget. You just have to quit giving away so much pork to corporate America....we allow corporations to socialize their losses but the profit is kept in their pocket. Let losers be losers and stop building business on government subsidies.

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Price increases are good for Americans?

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Wait until you hear what DEflation does to the economy

What? I'll be forced to buy.... AMERICAN?


K.

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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!

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To your 3rd bullet point, these countries are already competing. Tariffs aren’t going to magically make markets more competitive or help countries find efficiencies. They might cut corners but the tariffed countries will have to raise prices, at least some. The non-tariffed countries will raise prices too. Why wouldn’t they? Their competition just had to raise prices. The reduced cost of making things in China is much so less than US. 10% Will not make American production competitive. I’m not saying the tariffs are a bad idea, but prices will go up.

We get a lot of lumber from Canada since owls are more important here.

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I can’t think of one thing I buy from Canada?

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You ever build something with lumber? How about pump gasoline? American refineries rely on a steady import of Canadian heavy crude that we can’t scale overnight.

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To your 3rd bullet point, these countries are already competing. Tariffs aren’t going to magically make markets more competitive or help countries find efficiencies. They might cut corners but the tariffed countries will have to raise prices, at least some. The non-tariffed countries will raise prices too. Why wouldn’t they? Their competition just had to raise prices. The reduced cost of making things in China is much so less than US. 10% Will not make American production competitive. I’m not saying the tariffs are a bad idea, but prices will go up.

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Rare sane post on this board.

You don’t have to be a Democrat or anti-Trump to understand American manufacturing and some elements of energy production don’t currently exist that would allow us to avoid buying from our three largest trading partners. These tariffs will just make things more expensive.

Tariffs are a 19th century idea that protected American manufacturing back when American manufacturing actually existed. They also funded the U.S. treasury pre-income taxes. Tariffs in 2025 are the worst policy proposal imaginable and benefit neither side. It’s a lose-lose proposition that only harms the Middle Class consumer.