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re: Trump tariffs are paid by Americans according to Bessent
Posted on 8/8/25 at 4:10 am to TrueTiger
Posted on 8/8/25 at 4:10 am to TrueTiger
quote:
One system puts pressure on a group to be self sufficient. The other system makes the group depend on outsiders.
A simplistic way to look at it.
No country is self sufficient even if they try, you know who is trying today North Korea, life sucks there.
0
Posted on 8/8/25 at 4:12 am to TBoy
quote:
Trump is taxing the hell out of us and bragging about billions of dollars of new taxes flowing into the treasury.
I haven't paid a single additional tax related to tariffs. You are not only mentally unstable, you are a liar.
Posted on 8/8/25 at 4:13 am to Tunasntigers92
quote:
Congrats, not what I was asking you fricking fool
oh the irony
Posted on 8/8/25 at 4:13 am to CubsFanBudMan
If an importer used to write a $1,000 check to an exporter for a shipment of goods, but now the check to the exporter for the same goods is $750, but he also has to write a check to the US government for $250, technically the US importer is paying the tariffs, but it's the exporter that's feeling the pinch, not the consumer.
It doesn't work that way.
It doesn't work that way.
Posted on 8/8/25 at 4:38 am to Eurocat
quote:
Eurocat
how many meds are you on?
Posted on 8/8/25 at 4:43 am to CubsFanBudMan
quote:
If an importer used to write a $1,000 check to an exporter for a shipment of goods, but now the check to the exporter for the same goods is $750
So now companies dont pass the increased cost of doing business down to customers? I guess you are a fan of raising minimum wage.
Posted on 8/8/25 at 5:10 am to TBoy
quote:There are a litany of claims out there that exporters bear none of the tariff expense. In the face of facts, those positions are inexplicable, as is the ready acceptance of them.
The point is a good one. Trump is taxing the hell out of us and bragging about billions of dollars of new taxes flowing into the treasury. That money comes from us.
Many of those viewpoints are attributable to TDS, and are irrationally similar to contentions that tariffs are inherently inflationary, Hunter's laptop was Russian disinformation, or that Trump paid hookers to pee on a bed in Moscow. In fact, to highlight the outrage irrationality, many of the same folks retching over tariffs ironically support a flat tax, consumption tax, or both. Yet tariffs are essentially a consumption tax in which foreigners share at least some of the burden.
Nevertheless, what is the truth about tariff impacts?
To answer that (and force our way past floods of TDS laden information), let's take a look at tariffs' international collateral effects and related analysis. E,g., Interesting facts arise as the EU prepares for an onslaught of Chinese goods in the near future, and as a shift from American markets begins.
quote:While those five points fail to note export-supportive changes in Chinese domestic tax policy, and other corporate supplements easing exporter burdens, #4 & #5 above are clear evidence that a portion of the tariffs is borne by exporters.
Several factors suggest that the euro area could experience a larger redirection of Chinese exports than it did back in 2018.
First, the composition of Chinese exports to the United States and to the euro area is similar, making the euro area a natural alternative.
Second, established supply chain links ... facilitate the redirection of trade flows....
Third, Chinese businesses have laid the groundwork to facilitate faster market entry....
Fourth, the depreciation of the Chinese renminbi makes Chinese goods cheaper and more attractive for European importers.
And fifth, while the profit margins of Chinese exporters have narrowed since the onset of the first trade conflict in 2018, many firms, especially those in final goods production, still have room to absorb the reduced profit margins .
LINK
Claims to the contrary are nonsense.
Posted on 8/8/25 at 5:26 am to Eurocat
This is so typically a libtard process focus rather than real substance.
As previously mentioned, the receiver is likely an agent of the country exporting goods to the US.l so that the costs redound to the origin country.
More importantly, if the tariff is a liability to a US importer, they will pressure the foreign supplier to compensate financially. And, if the foreign supplier won’t, the US importer finds another source - perhaps by creating an onshore supply chain.
The net results of all of this is to put more money in the US treasury and/or the pockets of US consumers.
“Who pays the tariff?” Siwwy question by siwwy wabbits…
As previously mentioned, the receiver is likely an agent of the country exporting goods to the US.l so that the costs redound to the origin country.
More importantly, if the tariff is a liability to a US importer, they will pressure the foreign supplier to compensate financially. And, if the foreign supplier won’t, the US importer finds another source - perhaps by creating an onshore supply chain.
The net results of all of this is to put more money in the US treasury and/or the pockets of US consumers.
“Who pays the tariff?” Siwwy question by siwwy wabbits…
Posted on 8/8/25 at 5:29 am to Eurocat
Of course we'll pay more. It's hilarious seeing people argue otherwise
Posted on 8/8/25 at 5:31 am to Eurocat
Oh no! I should've voted for Kamala! 
Posted on 8/8/25 at 5:55 am to Tunasntigers92
quote:
At the end of the day yes, Americans front this burden
Maybe they do, Maybe they don't. Some foreign importers are choosing to accept the tarrif burden on all or partially on their goods rather than lose market share. I think Mercedes Benz said they would pay tariff out of their pocket. BMW I think is doing partially to minimize price increases.
So the truth is not always a consumer burden. I understand it ultimately increases costs, but the trade off to tax generation from tariffs and tax generation from increased US productivity and sales may be the winning move, we'll see.
Posted on 8/8/25 at 5:58 am to Eurocat
Who writes the check is who physically pays. The Brazilian manufacturer has lowered his price by the amount of of the tariff so who’s really absorbing the cost.
Transaction before tariff:
Brazilian manufacturer charges $200 for an item. Importer writes a check to Brazilian manufacturer for $200 and sends item through supply chain with a 30% mark-up. American consumer pays $260 for item.
Transactions after tariffs:
Brazilian manufacturer has to charge $100 for the item in order to avoid having importer look elsewhere for item. Importer imports item at $100 and pay $50 to Treasury for tariff. Total cost $150 and then importer adds 30% margin to product and sends it down supply chain for $195.
One of two things happen from there. Prices eventually fall or someone in the supply chain improves margins if the product continues to be priced the same at the end of the supply chain.
Exporters to the IS in high tariff countries are eating the tariffs for continued access to the US markets.
Transaction before tariff:
Brazilian manufacturer charges $200 for an item. Importer writes a check to Brazilian manufacturer for $200 and sends item through supply chain with a 30% mark-up. American consumer pays $260 for item.
Transactions after tariffs:
Brazilian manufacturer has to charge $100 for the item in order to avoid having importer look elsewhere for item. Importer imports item at $100 and pay $50 to Treasury for tariff. Total cost $150 and then importer adds 30% margin to product and sends it down supply chain for $195.
One of two things happen from there. Prices eventually fall or someone in the supply chain improves margins if the product continues to be priced the same at the end of the supply chain.
Exporters to the IS in high tariff countries are eating the tariffs for continued access to the US markets.
Posted on 8/8/25 at 6:01 am to NC_Tigah
Thanks NC, it astounds me some people could be so ignorant about the subject....and then show their ignorance by posting some sound bite from CNN.
If tariffs are causing all this consumer strife....where is the inflation?
"Welll thats offset by gas prices declining". Uh thats not in the CPI that measures inflation.
"Well my aunt suzy paid 3 dollars for almond milk last week and it used to be a quarter".
Just nonsense, utter nonsense.
If tariffs are causing all this consumer strife....where is the inflation?
"Welll thats offset by gas prices declining". Uh thats not in the CPI that measures inflation.
"Well my aunt suzy paid 3 dollars for almond milk last week and it used to be a quarter".
Just nonsense, utter nonsense.
Posted on 8/8/25 at 6:04 am to Eurocat
quote:
Trump tariffs are paid by Americans according to Bessent
Maybe.
Regardless, it’s working, and evening an uneven playing field.
Which you hate.
Posted on 8/8/25 at 6:12 am to TrueTiger
quote:
One system puts pressure on a group to be self sufficient.
The other system makes the group depend on outsiders.
Which system do you think we should have?
Which system is more efficient and leads to a higher economy and SOL?
Posted on 8/8/25 at 6:14 am to Eurocat
quote:
Trump tariffs are paid by Americans
That’s not what the what is said below:
quote:
“But the check is written by the importer, at the dock? “Yep,” Bessent said. “And the importer can pass it on or not.”
quote:
Bessent then said that the exporter could lower their price to retain market share
The check at the dock is not the only transaction in the process, it says it right there in plain English. Being fixated on “who writes the check at the dock” is robbing yourself of understanding world trade. How many times does it need to be pointed out that if it were this simple, we wouldn’t have every country negotiating terms against Americans voluntarily paying a greater share of the transaction?
Posted on 8/8/25 at 6:18 am to Eurocat
If tarriffs were paid by foreigners than all of govt revenue would come from tarriffs.
Posted on 8/8/25 at 6:19 am to Barstools
Along with coffee and orange juice, just to name few items
Posted on 8/8/25 at 6:25 am to TBoy
quote:
The point is a good one. Trump is taxing the hell out of us and bragging about billions of dollars of new taxes flowing into the treasury. That money comes from us.
While simultaneously being ridiculed for “increasing the debt” by lowering income taxes from OBBB. It’s not a good point, it’s a dead end argument. It’s completely inconsistent with any proposed actions that oppose his policy. Democrats all over the country are trying to develop more taxes to fund unsustainable budgets, (Chicago mayor just suggested taxing cars to pay for buses, derp) but how dare Trump shift some of the tax burden from earners to consumers and concessions at the wholesale level in the global market.
Posted on 8/8/25 at 6:25 am to SlowFlowPro
quote:
Which system is more efficient and leads to a higher economy and SOL?
My priority leans to self-sufficiency over gaudy consumerism.
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