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Message
re: Trump has it right on the economy. Tariff-hating "conservatives" are clueless
Posted on 11/18/25 at 10:41 am to SlowFlowPro
Posted on 11/18/25 at 10:41 am to SlowFlowPro
quote:Negative.
But as for countries subsidizing their domestic economy, it's usually a double benefit for the US and its citizens.
0
Posted on 11/18/25 at 10:42 am to RiverCityTider
quote:Makes as much sense as "wet streets cause rain".
The deeper issue is this. Inflation today is not driven by tariffs. It is driven by slow growth and weak productivity.
Posted on 11/18/25 at 10:44 am to deltaland
quote:
It can have a vast multiplier domino effect. It goes both ways too, I’ve seen how fast towns go downhill and businesses close and talented people move away causing brain drain. It’s happened to so many delta towns here since the cotton gins, textile mills, catfish processors have gone out of business
Been happening since the 60s. Every town used to have a lumber mill and other mfg facilities. Improvements in transportation and other technology made this inefficient.
The kind of America MAGA wants would literally require rolling back many of our technological advances.
Posted on 11/18/25 at 10:48 am to wackatimesthree
quote:2017: 2.06 million jobs GAINED
You realize that the first round of tariffs from 2017-2020 resulted in a net loss of jobs, right?
2018: 2.70 million jobs GAINED
2019: 2.10 million jobs GAINED
Unless your premise is tariffs caused CV19, you really don't know what you're talking about.
Posted on 11/18/25 at 10:50 am to BugAC
quote:This is something a democrat would ask. Define "fair" and "equal terms". Is it "fair" that the US has a strong currency and buys everthing it imports at a massive discount. Is that "fair"? I suspect exporting countries have a very different answer than you would. But that's just a guess.
How do you force a bad actor, in this case another country, to trade fairly with the US, on equal terms?
quote:Literally 4 days ago, he disagreed with that, and they cut tariffs on tons of things.
Part 2, it has been stated by Scott Bessent that tariffs don't necessarily make the price of goods rise.
LINK
quote:
President Trump on Friday moved to lower tariffs on beef, coffee and dozens of agricultural and food goods, marking a significant rollback of his so-called reciprocal levies as he looks for ways to address Americans’ concerns about the cost of living.
Trump issued an executive order modifying the reciprocal tariffs he imposed on virtually every trading partner in August, exempting more than a hundred common food items including fruits, nuts and spices.
The move continues a shift away from Trump’s maximalist tariff policy. When the president announced his reciprocal tariffs this spring, his economic team insisted there would be no exemptions to the levies. They later relented, removing duties on certain items not produced in the U.S., or available in sufficient quantities from domestic suppliers to meet demand.
The newly exempted products on Friday, however, include many products commonly produced in the U.S.—such as beef, which has risen to record prices in recent months. The tariff reductions are retroactive to 12:01 a.m. on Thursday, Nov. 13, according to the order.
In case you haven't figured it out, Bessent is Paul Krugman Lite. He's taken every side of an issue, so he's never "wrong". You've been worked.
Posted on 11/18/25 at 10:51 am to Taxing Authority
quote:Inflation is always and everywhere a monetary phenomenon. Tariffs are not a monetary phenomenon.
Inflation today is not driven by tariffs.
---
Makes as much sense as "wet streets cause rain".
Posted on 11/18/25 at 10:52 am to NC_Tigah
quote:
The tariffs Trump imposed on Chinese goods in 2018 had a net negative effect on manufacturing jobs as well overall U.S. employment.
The Federal Reserve Board found that the tariffs caused a reduction in manufacturing employment of 1.4%. Modest gains (0.3%) achieved by shielding domestic producers from foreign competition were “more than offset” by rising production costs for manufacturers who used steel as an input (-1.1%) and retaliatory tariffs (-0.7%).
LINK
quote:
Three economists at the University of Chicago and the Federal Reserve Board studied the effects of Trump’s 2018 tariffs on imported washing machines in a new research paper titled “The Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines” and concluded that (italics added):
Despite the increase in domestic production and employment, the costs of these 2018 tariffs are substantial: in a partial equilibrium setting, we estimate increased annual consumer costs of around $1.5 billion, or roughly $820,000 per job created.
Its wealth redistribution.
Posted on 11/18/25 at 10:58 am to TenWheelsForJesus
quote:Nah. The bolded part is just a strawman y'all had to create to defend the stench of a massive spending and debt building bill.
The dumbest thing about the anti-tariff bros is how they constantly say that tariffs are taxes and we shouldn't want them. Yet, when Trump was passing the BBB, they claimed that we should want the higher taxes because the tax breaks would increase the deficit
Hell, I'm not anti-tariff. They *can* be awesome if you have the right economic conditions like:
- excess labor capactity
- have weak currency
- can enact the tariffs long term
- importing luxury goods that won't add to cost of living
- have a small government where tariffs can fund significant portion of the government, and the other taxes are under collected.
The US is an 0-fer. One-by-one:
- Even Trump wants to import more workers
- We have the worlds strongest currency, everything we import, we buy at a steep discount
- TACO
- We need a 300-400% tariff to "bring back manufacturing" for the consumer goods that make up the a large portion of our imports y'all are angry about.
- American's are already over-taxed. We don't have a tax revenue problem, we have a spending problem. Tariffs do *nothing* to address that.
Got any more starwmen?
Posted on 11/18/25 at 11:00 am to NC_Tigah
quote:
Tariffs are not a monetary phenomenon.
What about trade wars? Which more effectively describes Trumps global economics?
Posted on 11/18/25 at 11:02 am to RogerTheShrubber
quote:
tariffs caused a reduction in manufacturing employment of 1.4%
quote:Figures don't lie, but liars figure.
Despite the increase in domestic production and employment, the costs of these 2018 tariffs are substantial
Posted on 11/18/25 at 11:02 am to RiverCityTider
quote:Right. Just like we could go around breaking windows! If we break the baker's windows, he will have to get new windows. The window maker will get paid to fix the window, so he'll have more money to buy a suit. Then the suit tailor will have more money to buy bread from the baker! Everyone get's rich! So why don't we run around and break all the windows all the time?
See, the multiplier effect measures how much additional economic activity is created when you spend one dollar. In manufacturing, every $1 flowing into a plant, supply chain, or industrial project creates $3 to $7 in total economic activity. In services, every $1 usually creates $1.10 to $1.20 at most.
This post was edited on 11/18/25 at 11:10 am
Posted on 11/18/25 at 11:04 am to NC_Tigah
quote:
Despite the increase in domestic production and employment, the costs of these 2018 tariffs are substantial
Figures don't lie, but liars figure.
It was talking strictly about the washing machine tariffs, proving its nothing but a redistribution scheme
MFG lost employment because of the tariffs.
This post was edited on 11/18/25 at 11:05 am
Posted on 11/18/25 at 11:05 am to RogerTheShrubber
quote:Except when it didn't.
MFG lost employment because of the tariffs.
Posted on 11/18/25 at 11:06 am to NC_Tigah
quote:
t employment because of the tariffs.
Except when it didn't.
Numbers were posted for you.
It gained in one area, lost even more on the other for a total net loss.
It also dragged down GDP
Posted on 11/18/25 at 11:13 am to NC_Tigah
quote:That's true. But you cut off the rest of the quote.
Inflation is always and everywhere a monetary phenomenon. Tariffs are not a monetary phenomenon.
quote:
It [inflation] is driven by slow growth and weak productivity.
Posted on 11/18/25 at 11:57 am to RogerTheShrubber
quote:
Probably. He lost. Conservatives who want the info released won. Dude has a friend in those "files" obviously.
you said he was sweating the release. Now he asks for it. Reconcile your dumb take. Dummy Posted on 11/18/25 at 12:06 pm to RogerTheShrubber
quote:As they were for you. The workforce grew ~1.4% in each of T45's first 3 yrs.
Numbers were posted for you.
Posted on 11/18/25 at 12:09 pm to NC_Tigah
quote:
As they were for you
The numbers showed mfg loss, not gain.
The gains in one area were offset by losses in another, classic wealth redistribution.
Posted on 11/18/25 at 12:19 pm to RogerTheShrubber
quote:2017: 2.06 million jobs GAINED
The numbers showed mfg loss, not gain.
2018: 2.70 million jobs GAINED
2019: 2.10 million jobs GAINED
Posted on 11/18/25 at 12:31 pm to NC_Tigah
The plane is going down. The pilot is attempting to right the ship.
Half the passengers demand that he do nothing and insist that everything is a-ok.
Half the passengers demand that he do nothing and insist that everything is a-ok.
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