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re: Trump tariffs are paid by Americans according to Bessent

Posted on 8/8/25 at 8:31 am to
Posted by back9Tiger
Island Coconut Salesman
Member since Nov 2005
17645 posts
Posted on 8/8/25 at 8:31 am to
quote:

All the sugar cane, cocoa and coffee grown in America just withering away while we buy cheaper imports. Sad!


Beef and pork as well.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297665 posts
Posted on 8/8/25 at 8:31 am to
quote:

If prices aren’t changing for consumers but foreign companies are now paying money to the America through tariffs for the privilege of access to American markets, how is that bad for America or Americans?


Then its just another tax. If you like taxes, then you should love tariffs.

I supposed its too much to ask a Republican administration to focus on cuts instead of "tax and spend." Thats what liberals do.



Posted by roadGator
Member since Feb 2009
154791 posts
Posted on 8/8/25 at 8:31 am to
It’s worse. Yahoo is an aggregator

The article is from the Rolling Stone.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
93993 posts
Posted on 8/8/25 at 8:31 am to
quote:

According to the Tax Foundation, they estimate around $1,200 per household in increased taxes this year climbing to around $1,600 per household next year.

Largest tax increase since 1993.


A dollar nore a day is the greates tax hike ever

Morons
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297665 posts
Posted on 8/8/25 at 8:32 am to
quote:

Look at the data


Youre wasting your time. None of these dudes will put in that work. I've been telling them for years.

A simple google search will correct their erroneous thinking but they prefer to be erroneous.
Posted by wackatimesthree
Member since Oct 2019
10725 posts
Posted on 8/8/25 at 8:33 am to
quote:

A dollar nore a day is the greates tax hike ever

Morons


For sure the Tax Foundation are the morons and you are the expert.

Posted by roadGator
Member since Feb 2009
154791 posts
Posted on 8/8/25 at 8:33 am to
quote:

A dollar nore a day is the greates tax hike ever Morons


This is glorious.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135739 posts
Posted on 8/8/25 at 8:34 am to
quote:

Google is your friend. And in your case, it's probably your only friend.

Tax Foundation
quote:

imports would rise ...

tariffs would raise ...

responses, would rise ...

rate would rise ...

would reduce the total revenue ...

would reduce market income ...

would be smaller ...

would affect more than $500 billion ...
I would say your Tax Foundation article is speculative, but the thing sort of speaks for itself.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297665 posts
Posted on 8/8/25 at 8:37 am to
quote:

A dollar nore a day is the greates tax hike ever Morons


This is glorious.


Under Obama, tariffs were a "payoff to unions" and highly bashed on this board.

Under Trump, tariffs are saving the republic.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135739 posts
Posted on 8/8/25 at 8:37 am to
quote:

No as usually youre obfuscating with fringe bullshite.

How

many

of

those

US

cars/trucks

were

sold

in the EU

or Japan

last

year

????
Posted by SlidellCajun
Slidell la
Member since May 2019
16061 posts
Posted on 8/8/25 at 8:38 am to
There’s a meltdown because people understand the math but they’re told 1+1=0 in some sort of economic gas lighting.

People might not like it but we’re a global economy for the most part. We also might not like the fact that we simply moved away from a manufacturing economy many decades ago. Our labor laws and costs are obnoxious relative to other counties and we simple can’t compete on fbsf same level ground.
It might make sense for larger, more expensive items but otherwise, we have to let foreign low wage take over.

Tariffs are a tax. Taxes discourage behavior. In this case, we’re trying to discourage buying foreign stuff. Why? That depends. We get mistreated trade wise and that’s a large part of it. We want to encourage American Made stuff. But that is a very complicated endeavor. That’s an expensive endeavor and it’s short lived when you consider that Trump only has @2 years of real power as president. Why invest for such a short period?

So it’s complicated but Americans are smart enough to know the math. Tax something and the cost usually goes up. We just don’t like being gas lighted
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297665 posts
Posted on 8/8/25 at 8:41 am to
quote:

last

year


When your questioning settles to a final point, let me know. youre constantly changing your argument.

Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297665 posts
Posted on 8/8/25 at 8:42 am to
quote:

We just don’t like being gas lighted


MAGA evidently does.

Posted by SlidellCajun
Slidell la
Member since May 2019
16061 posts
Posted on 8/8/25 at 8:44 am to
Some building supplies are up over 10% in the past 7 days
Posted by roadGator
Member since Feb 2009
154791 posts
Posted on 8/8/25 at 8:45 am to
Metal is getting stupid.
Posted by Corinthians420
Iowa
Member since Jun 2022
16104 posts
Posted on 8/8/25 at 8:45 am to
Ask the workers at the Hyundai plant in Alabama how tariffs have helped them...

quote:

Just a year ago, HMMA exported 2,386 vehicles in May. This May, that number dropped by 45% to 1,303, followed by the shocking 14 exported in June—a 99% year-over-year drop.

The decline has been especially noticeable in exports to Canada. Tucson SUV production for the Canadian market fell from 2,490 units in March to just 105 in May. Santa Fe production dropped from 1,356 units in April to only 28 in May.

To adjust, Hyundai has begun shifting production between facilities. In April, it moved some Tucson production to Montgomery from a Kia-affiliated plant in Mexico



LINK
Posted by winkchance
St. George, LA
Member since Jul 2016
6173 posts
Posted on 8/8/25 at 8:47 am to
This is the dumb inverse argument the left and idiots make.

The desire for a company is to sell their product in the most lucrative market. Yes, they can pass it on to the consumer and their product will sit on the shelves. The receiver is gong to tell them they can keep it at that price because they cannot sell it at that price.

So they either eat the cost or take it back. The vast majority of low IQ Americans have no idea that the world runs on haggling. The market will determine the price, by need, wants and what people are willing to pay for an item.
Posted by Big EZ Tiger
Member since Jul 2010
26321 posts
Posted on 8/8/25 at 8:48 am to
quote:

At the end of the day yes, Americans front this burden, idk what the frick he's really doing

He ran on an America first platform, no? It's a way to get people to buy American first.
This post was edited on 8/8/25 at 8:53 am
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297665 posts
Posted on 8/8/25 at 8:48 am to
quote:


This is the dumb inverse argument the left and idiots make.


Tariffs have always been a Democrat gift to labor unions.

"The left" has traditionally supported these anti market measures
Posted by AUCom96
Alabama
Member since May 2020
6608 posts
Posted on 8/8/25 at 8:49 am to
You know what Americans are also paying for? Offshoring all of our industry to unfriendly foreign nations to drive up stock prices. Playing numbers games with interest rates for decades. The fact our exported goods and services have been subject to imbalanced tariffs for years and the fact our own agriculture, fishing and other food industries are losing countless jobs in favor of unregulated food from foreign nations.

The trade imbalance has to be rectified. America will not survive as a nation of consumers and gambler...err... "investors". We have to rebuild our economy and if it takes tariffs to right the ludicrous globalist system that has dominated for decades, so be it.
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