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Message
re: Tariffs not bringing in what trump said they would….
Posted on 4/29/25 at 6:54 pm to UncleFestersLegs
Posted on 4/29/25 at 6:54 pm to UncleFestersLegs
quote:
I didn't even have to read the OP. The fact that it only has about 15 replies guarantees all the muh tariffs hand wringers have avoided it like the plague
Please feel free to inspect the actual data that I posted and see if it's all butterflies and puppy kisses
Hint: it's not and the future remains uncertain
1
Posted on 4/29/25 at 6:57 pm to Warboo
And he said that "Mexico will pay for the wall" too. He hit them with tariffs and they put soldiers on that Border and saved us BILLIONS. Of course, now we spend those billions on Biden's illegals, and Mexico takes the Cartel business to the bank. But not for much longer, and Trump won't forget. Or will Americans who love their Freedom and Country.
Posted on 4/29/25 at 6:59 pm to Warboo
quote:
We were at a 5 b trade deficit per day and now we are at a 1b trade surplus.
Imports are down a lot and looking to crater even further. Which accounts for the trade surplus and the lack of projected tariff revenue. The lack of imports is going to hammer a few industries here. This is where the war gets dicey on our shores as companies have to make some tough calls about employment or hiring.
quote:
Shipments from China to the West Coast are poised to plunge by as much as 35% as President Donald Trump’s newly imposed tariffs prompt major American retailers to slash import orders, the executive director of the Port of Los Angeles said Tuesday.
quote:
Seroka estimated that companies have about five to seven weeks of full inventories remaining before shortages start to materialize.
That’s in line with what I’ve been warning about for price increases.
NY Post
Posted on 4/29/25 at 7:10 pm to Warboo
quote:
We were at a 5 b trade deficit per day and now we are at a 1b trade surplus. Imagine that.
So now who exactly has been the benefactor of that now claimed difference of $6 billion per day?
Posted on 4/29/25 at 7:14 pm to Figgy
quote:
We were at a 5 b trade deficit per day and now we are at a 1b trade surplus. Imports are down a lot and looking to crater even further. Which accounts for the trade surplus and the lack of projected tariff revenue. The lack of imports is going to hammer a few industries here. This is where the war gets dicey on our shores as companies have to make some tough calls about employment or hiring. quote:Shipments from China to the West Coast are poised to plunge by as much as 35% as President Donald Trump’s newly imposed tariffs prompt major American retailers to slash import orders, the executive director of the Port of Los Angeles said Tuesday. quote:Seroka estimated that companies have about five to seven weeks of full inventories remaining before shortages start to materialize. That’s in line with what I’ve been warning about for price increases. NY Post
Well sure!! There will be pain before the gain. Everyone with a pulse knew this. Here is the thing, the countries bucking this will have to fold as they need us way the frick more than we need them. Everyone and I mean EVERYONE knew this going in. Stock markets would go crazy, check. Precious metals would go crazy, check. Crypto would probably go crazy, check. It had to happen and it is.
Posted on 4/29/25 at 7:17 pm to EphesianArmor
quote:
So now who exactly has been the benefactor of that now claimed difference of $6 billion per day?
Eventually US citizens.
Posted on 4/29/25 at 7:22 pm to TrueTiger
quote:
So the absolute value of the change is $6 billion a day.
Trump is exceeding his estimate by $3 billion.
Posted on 4/29/25 at 7:25 pm to Warboo
I forget a lot more than I used to but, aren't the tariffs on a 90 day pause with just 10% only applied to everyone but China? China only getting the full tariff (142% ?) applied?
How could full tarrif revenue be collected if on pause?
How could full tarrif revenue be collected if on pause?
Posted on 4/29/25 at 7:29 pm to Warboo
quote:
Eventually US citizens.
That's the way I see it.
And IF that's the case, it IS a "tax".
Posted on 4/29/25 at 7:33 pm to EphesianArmor
quote:
Eventually US citizens. That's the way I see it. And IF that's the case, it IS a "tax".
If and that is a big “if” we can do away with income taxes for some if not all, then it will become a consumption tax. That is the goal.
Posted on 4/29/25 at 7:38 pm to Victor R Franko
quote:
forget a lot more than I used to but, aren't the tariffs on a 90 day pause with just 10% only applied to everyone but China? China only getting the full tariff (142% ?) applied?
How could full tarrif revenue be collected if on pause?
Don't ask these questions. It might give you the crazy idea to break out a calculator and realize that our revenue from tariffs won't be the revenue windfall that some are hoping for. If in fact we're running an average 1 billion dollar a day trade surplus it's because imports are temporarily lower than normal. We didn't increase exports to make up the difference. Just spit balling it to make the math easy that would be somewhere on the order of 250 billion in imports mostly taxed at 10 percent. Let's be really generous and say the average is 15 percent. That would be 37.5 billion in tariff revenues. Let's say imports go back up into the 400 billion range. That's 60 billion give or take per month. Nothing to scoff at but certainly not enough to phase out income taxes in any meaningful way. We could keep the Trump tax cuts but we're still running massive deficits assuming we get all the revenue from tariffs and all the revenue we would normally get from income taxes. And any way you spin it it's a tax increase on the public.
Posted on 4/29/25 at 7:40 pm to Warboo
Tariffs wont' be large enough to make that sort of dent
And the negative economic implications of tariffs will shrink normal tax collection via other methods (primarily income), as tax receipts mirror GDP
And the negative economic implications of tariffs will shrink normal tax collection via other methods (primarily income), as tax receipts mirror GDP
Posted on 4/29/25 at 7:40 pm to Victor R Franko
quote:
I forget a lot more than I used to but, aren't the tariffs on a 90 day pause with just 10% only applied to everyone but China?
For the most part but other nations are set at 10% also.
quote:
China only getting the full tariff (142% ?) applied?
Somewhat. There has been some deals made that are not publicly known.
quote:
How could full tarrif revenue be collected if on pause?
Well it is not. This is just on the tariffs as of today. The full amount will start when trump puts them into effect. It is a bargaining chip. We have been abused forever and that has stopped.
Posted on 4/29/25 at 7:43 pm to Warboo
quote:
If and that is a big “if” we can do away with income taxes for some if not all, then it will become a consumption tax. That is the goal.
No one knows what the goal really is. And there is no "if" about replacing income taxes. It simply isn't mathematically possible. You reduce some taxes to make things offset but then we're still left with the conundrum of running massive unsustainable deficits. There isn't an easy solution to our trade and budget problems. It's the pinnacle of human stupidity to think that tariffs will solve all of these issues.
If the intent is to have a consumption tax then just have a consumption tax irrespective of where the product originates from. And you can still apply targeted tariffs to a-hole countries like China.
Posted on 4/29/25 at 7:47 pm to Powerman
quote:
questions. It might give you the crazy idea to break out a calculator and realize that our revenue from tariffs won't be the revenue windfall that some are hoping for. If in fact we're running an average 1 billion dollar a day trade surplus it's because imports are temporarily lower than normal
Well that makes no sense. What???
quote:
We didn't increase exports to make up the difference. Just spit balling it to make the math easy that would be somewhere on the order of 250 billion in imports mostly taxed at 10 percent
Well, we have because we are the world food supplier.
quote:
taxes. And any way you spin it it's a tax increase on the public.
A consumption tax on buying imported goods it is.
Posted on 4/29/25 at 7:47 pm to Warboo
quote:
There will be pain before the gain. Everyone with a pulse knew this.
Not really.
Moreover, ALL trade factors, exchanges, profit margin logistics and pre-Tariff business projections throw any and ALL futures into disarray, leading to instability, changed strategies and plans, and lost time and revenue.
The tariffs situation could and should have been adjusted gradually. THAT would have been acceptable. But no. Instead of softening the landing, Trump chose to Al Capone it, holding pistols to trade partners' AND US consumers' heads alike, saying, "Nice arrangement ya got there. Shame if anything happened to it. "
Big Picture: This move wasn't designed to save US consumers a dime; it was done to destabilize the world politically and economically -- as well as all markets -- and nudge all toward the Reset Plan of a One World Digital Currency and Central Bank.
Posted on 4/29/25 at 7:54 pm to Warboo
quote:
Well that makes no sense. What???
Click the link I posted on the first page
You clearly didn't even look at the data
Posted on 4/29/25 at 7:57 pm to EphesianArmor
quote:
The tariffs situation could and should have been adjusted gradually. THAT would have been acceptable. But no. Instead of softening the landing, Trump chose to Al Capone it, holding pistols to trade partners' AND US consumers' heads alike, saying, "Nice arrangement ya got there. Shame if anything happened to it. "
This was done on purpose. Time value of currency/money. We are the worlds consumer and plan to do it with a trade surplus of currency/money while building back our made in America manufacturing.
quote:
Big Picture: This move wasn't designed to save US consumers a dime; it was done to destabilize the world politically and economically -- as well as all markets -- and nudge all toward the Reset Plan of a One World Digital Currency and Central Bank.
Your theory suggests that we are for the “great reset plan”. Trump already signed a EO outlawing digital currency. lol.
Posted on 4/29/25 at 7:58 pm to Powerman
quote:
No one knows what the goal really is.
Some of us do and have explained it over and over to you dumb asses. But you and slo flo guy keep barking in y'alls echo chamber.....
It won't matter one bit.
And no, I'm not explaining it anymore. Just grab some popcorn and sit back and watch it all work out.
Posted on 4/29/25 at 7:59 pm to lake chuck fan
I've seen about 5 different stated goals. Maybe 1 or 2 is achievable. They're not all achievable simultaneously because of math.
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