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Started By
Message
re: Trump signs off on proposed reciprocal tariffs
Posted on 2/13/25 at 1:50 pm to LSUTIGER in TEXAS
Posted on 2/13/25 at 1:50 pm to LSUTIGER in TEXAS
quote:
quote:
We love inflation don’t we folks
buy American. Problem solved.
Yup. Sure, the tariffed products price will increase, that's the point. So buy another one that's cheaper or better yet, buy American as LSUTIGER suggests.
1
Posted on 2/13/25 at 2:01 pm to Henry Jones Jr
quote:
Cool. That’s Argentina. They don’t have remotely close to the same economy or responsibilities that our country does.
Doesn’t matter what country it is. Tariffs don’t decrease inflation. That’s econ 101.
Posted on 2/13/25 at 2:07 pm to Warboo
quote:
How muck in trade deficits did Argentina have? If you are not in a trade deficit then you can get rid of tarriffs.
Argentina achieved a record trade surplus in 2024
Posted on 2/13/25 at 2:09 pm to LSUTIGER in TEXAS
quote:
buy American
The American prices will not be any cheaper.
If a domestic product replacement is available at all, at best it will be priced strategically just under the effective tariffed import price so that the domestic supplier can also maximize profit.
Posted on 2/13/25 at 2:09 pm to Burt Reynolds
quote:
Argentina achieved a record trade surplus in 2024
Exactly so they are in a situation where they can do away with tariffs. We are the opposite.
Posted on 2/13/25 at 2:10 pm to CharlesUFarley
quote:
trade restrictions don't seem to be causing problems with the European and Asian countries.
Europe has higher inflation, lower gdp growth, lower gdp per capita and just about everything else than us.
Mississippi has higher GDP per capita than over half of Europe.
Try again
This post was edited on 2/13/25 at 2:12 pm
Posted on 2/13/25 at 2:12 pm to Burt Reynolds
quote:
We love inflation don’t we folks
Tariffs are only bad for the nation imposing them! That explains why Canada and Mexico caved so quickly to the Trump imposing tariffs on them.
Posted on 2/13/25 at 2:12 pm to Jbird
quote:
nother country’s policies, exchange rates, and any other practices the trade representative’s office determines is unfair.
Thats mighty progressive of him.
Posted on 2/13/25 at 2:13 pm to RogerTheShrubber
quote:
Thats mighty progressive of him.
That is mighty smart of him.
Posted on 2/13/25 at 2:13 pm to Burt Reynolds
quote:
We love inflation don’t we folks
quote:
Burt Reynolds
Posted on 2/13/25 at 2:14 pm to Warboo
quote:
That is mighty smart of him.
A lesson in professional victimization
Posted on 2/13/25 at 2:14 pm to Burt Reynolds
quote:
Tariffs don’t decrease inflation. That’s econ 101.
If you look at the motivations behind the tariffs instead of being a myopic frick hung up on "muh Drumpflation" maybe it will make a bit more sense
Posted on 2/13/25 at 2:17 pm to GumboPot
Buy esspresso machines from Italy not china!!
Posted on 2/13/25 at 2:17 pm to Jbird
I have no problem with this. Now reciprocally lower my income taxes.
Posted on 2/13/25 at 2:20 pm to Bigdawgb
quote:
If you look at the motivations behind the tariffs instead of being a myopic frick hung up on "muh Drumpflation" maybe it will make a bit more sense
Objectively:
1) Less consumer choice
2) More consumer cost
3) Will not bring back manufacturing.
4) Destroys innovation
Its a feel good measure for economic illiterates.
Posted on 2/13/25 at 2:21 pm to Burt Reynolds
quote:
Tariffs don’t decrease inflation. That’s econ 101.
Trade deficits have the same effect. As money leaves the country and is accumulated in other parts of the world it causes a shortage at home. More money is printed to resolve the problem. Printing money increases inflation and that is also econ 101. Fix the trade deficit first and foremost. Then you can manage tarriffs.
Posted on 2/13/25 at 2:23 pm to Burt Reynolds
Their inflation rate is in line with ours, maybe marginally higher. Yeah, they have lower GDP and lower GDP growth.
Mississippi has higher GDP per capita than over half of Europe.
So, if they don't make anything compared to us, then why would tariffs on them be so hurtful to us?
Mississippi has higher GDP per capita than over half of Europe.
So, if they don't make anything compared to us, then why would tariffs on them be so hurtful to us?
Posted on 2/13/25 at 2:25 pm to Henry Jones Jr
quote:That's like saying an FCS football team has a new, revolutionary offense but a bigtime FBS school should just ignore it and be satisfied with winning half of it's games.
Cool. That’s Argentina. They don’t have remotely close to the same economy or responsibilities that our country does.
The point is, there are sound economics regardless of the scale. Half of our population pays zero income tax, and our government is spending more than it takes in.
Posted on 2/13/25 at 2:27 pm to RogerTheShrubber
Roger prior to Trump suspending the tarriffs on Canada it was estimated that 50% of business were going to have to move to the US to avoid the tarriffs. So you're theory that "it will not bring back manufacturing" is laughable.
Posted on 2/13/25 at 2:30 pm to Bigdawgb
quote:
If you look at the motivations behind the tariffs instead of being a myopic frick hung up on "muh Drumpflation" maybe it will make a bit more sense
Would you still think tariffs are good if Obama or Biden were imposing them?
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