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re: Trump tariffs are paid by Americans according to Bessent
Posted on 8/8/25 at 6:29 am to Eurocat
Posted on 8/8/25 at 6:29 am to Eurocat
Americans are also paying to cover the cost of all the benefits illegal immigrants were given, the cost of the damage from liberal “mostly peaceful” protests, funding the Ukraine, and countless other liberal agendas that don’t benefit American citizens in any way…but the media won’t talk about that
1
Posted on 8/8/25 at 6:33 am to TrueTiger
quote:
My priority leans to self-sufficiency over gaudy consumerism.
"Gaudy consumerism" doesn't really change, it's just what we'll be buying and how much of it.
Self sufficiency would be unbelievably expensive. That would have a cost everywhere, especially in our more productive areas that rely on the savings delta to fund them.
This is like most left-based economic theory: you make everyone poorer but closer in status (by taking away the avenue for success) and proclaim victory.
Posted on 8/8/25 at 6:33 am to Corinthians420
quote:
So now companies dont pass the increased cost of doing business down to customers? I guess you are a fan of raising minimum wage.
You are completely ignoring the other obvious option: instead of raising prices for fear of losing market share, they can simply employ fewer people or replace them with automation (AI).
So you are deceitful, willfully ignorant, or a village idiot.
Posted on 8/8/25 at 6:33 am to JOJO Hammer
quote:
Americans are also paying to cover the cost of all the benefits illegal immigrants were given, the cost of the damage from liberal “mostly peaceful” protests, funding the Ukraine, and countless other liberal agendas that don’t benefit American citizens in any way…but the media won’t talk about that
What relevance does any of this have to a discussion about tariffs and the international economy of the US?
Posted on 8/8/25 at 6:36 am to Eurocat
Of course we pay it. Regardless.. the net effect is that imported goods cost more so you find alternatives or just don’t buy that stuff. In a few weeks the country exporting to the US start to feel it as orders slow down. They really start to feel it when layoffs hit and some companies go out of business.
It’s a big ship that doesn’t spin around on a dime. That ship will slow down and at some point will turn or sink. It’s a process.
But… it definitely works.
It’s a big ship that doesn’t spin around on a dime. That ship will slow down and at some point will turn or sink. It’s a process.
But… it definitely works.
Posted on 8/8/25 at 6:37 am to Corinthians420
quote:
So now companies dont pass the increased cost of doing business down to customers? I guess you are a fan of raising minimum wage.
Actually they don’t. The Japanese car companies are shaving margins on cars built in the US to offset the tariffs on cars built overseas (primarily Japan). No increase passed to the customer.
Posted on 8/8/25 at 6:38 am to Eurocat
Most people do not know how tarriffs are levied
The product comes in to port. It has a stamp on it.
There is a levy or tarriff on that product and the buyer has to pay that tax to the US government.
Now that can all be worked out behind the scenes meaning that the buyer pays less for the product so that he’s not out anything but I seriously doubt that happens on all products
The product comes in to port. It has a stamp on it.
There is a levy or tarriff on that product and the buyer has to pay that tax to the US government.
Now that can all be worked out behind the scenes meaning that the buyer pays less for the product so that he’s not out anything but I seriously doubt that happens on all products
This post was edited on 8/8/25 at 7:04 am
Posted on 8/8/25 at 6:40 am to Corinthians420
quote:
So now companies dont pass the increased cost of doing business down to customers? I guess you are a fan of raising minimum wage.
Those are not comparable. With minimum wage the options are pay it, or reduce employee hours. Then you have to increase prices or reduce the product size through shrinkflation. There's no supplier to negotiate a lower price with or choose another supplier.
Posted on 8/8/25 at 6:40 am to SlowFlowPro
Eurocat already propped up the North Korean straw man. He is a failure at mind reading because I'm not arguing 100% self sufficiency.
I'm arguing that the system should be applying that general pressure so that the odds of self sufficiency increase.
I know we can't obtain every mineral or grow every plant in the homeland. That's what tariffs exceptions are for.
I'm arguing that the system should be applying that general pressure so that the odds of self sufficiency increase.
I know we can't obtain every mineral or grow every plant in the homeland. That's what tariffs exceptions are for.
Posted on 8/8/25 at 6:41 am to Free888
quote:
Actually they don’t. The Japanese car companies are shaving margins on cars built in the US to offset the tariffs on cars built overseas (primarily Japan). No increase passed to the customer.
Given all the signaling by the admin of extensions and this being a possible short-term issue, I think companies adapted for that temporary situation.
Long term we will see if they can afford this. I don't see how they can.
Posted on 8/8/25 at 6:42 am to Eurocat
quote:
“Tariffs are flowing into the USA at levels not thought even possible,”
Robbing peter to pay paul.
Tax and spend....
Posted on 8/8/25 at 6:45 am to TrueTiger
quote:
I know we can't obtain every mineral or grow every plant in the homeland. That's what tariffs exceptions are for.
I wasn't even talking about the outliers or impossibilities.
Self sufficiency, generally, would be extremely expensive for the US.
That cost will remove money circulating in other areas. Removing that spending/investment from the more productive, GDP-improving areas that pay highly, will cause an economic contraction. That economic contraction will remove higher paying, more scalable jobs, further removing money circulating in the more productive, GDP-improving areas.
If we're shifting our money from productive areas that can grow to grow our GDP to less productive, static areas that cannot grow, we're going to see a major economic contraction and fall in SOL.
*ETA: then there it this (from another poster):
quote:
Regardless.. the net effect is that imported goods cost more so you find alternatives or just don’t buy that stuff. In a few weeks the country exporting to the US start to feel it as orders slow down. They really start to feel it when layoffs hit and some companies go out of business.
Other countries can't sell their goods here (prices being too high and the US being poorer) which makes THEIR economies slide, too. This hurts our exports because if everyone else gets more poor, the last thing they can do is afford expensive American imports.
This post was edited on 8/8/25 at 6:47 am
Posted on 8/8/25 at 6:46 am to Turbeauxdog
quote:
What a stupid point you're trying to make.
The importer of record can be the Brazilian company's local affiliate.
Using his logic, he accidentally admitted the American consumer doesn't pay the tariff.
These are the kind of things that move liberals because they don't understand basic economic principles at all. Eurocat doesn't even understand the question enough to realize, "who writes the check" has never been the question.
Posted on 8/8/25 at 6:48 am to moneyg
quote:
Using his logic, he accidentally admitted the American consumer doesn't pay the tariff.
Ultimately prices will become higher for American consumers. If we want to say they're not paying the tariff b/c the actual tax was paid elsewhere, then fine. That's a gotcha that has no value, in my opinion, to the larger discussion.
Posted on 8/8/25 at 6:48 am to Eurocat
quote:
But its not that. Instead of 1000 he now writes a check for 1250.
No, it is somewhere in between. You can’t just pick what the truth is.
Posted on 8/8/25 at 6:49 am to Eurocat
The negotiations haven’t stopped and yet all these bad things are claimed to be happening when no one really knows.
There have already been articles out saying Trump won in the European nations, and others, and that the trade agreements that are finalized have been big wins for the US.
There is much more taking place than just an increase in tariffs. If someone bases their viewpoint on tariffs with a singular point, they are allowing cognitive bias to rule their world.
There have already been articles out saying Trump won in the European nations, and others, and that the trade agreements that are finalized have been big wins for the US.
There is much more taking place than just an increase in tariffs. If someone bases their viewpoint on tariffs with a singular point, they are allowing cognitive bias to rule their world.
Posted on 8/8/25 at 6:50 am to SlowFlowPro
quote:Ultimately, the former. It's not really even debatable.
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 6:50 am to Eurocat
You are stupid Eurocunt.......................................
Posted on 8/8/25 at 6:52 am to SlowFlowPro
quote:
If we're shifting our money from productive areas that can grow to grow our GDP to less productive, static areas that cannot grow, we're going to see a major economic contraction and fall in SOL.
Exactly.
Its inefficient to mfg the things we offshore, or we would do it.
Posted on 8/8/25 at 6:54 am to Eurocat
Potentially.
The exporter can choose how much, if any, of the tariff to pass on.
The exporter can choose how much, if any, of the tariff to pass on.
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