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Posted on 3/4/25 at 8:25 am to BCreed1
A 2023 USITC study on the economic impact of the 25% steel and 10% aluminum Section 232 tariffs found that the tariffs had minimal domestic price impacts and boosted domestic production.
The report states, “From 2018 to 2021, section 232 tariffs are estimated to have increased the price of domestically produced steel by about 0.7 percent, on average, and increased the quantity of steel production by about 1.9 percent. During the same time period, section 232 tariffs are estimated to have increased the price of domestically produced aluminum by 0.9 percent, on average, and increased the quantity of domestic production by about 3.6 percent. The increases in production quantity in the steel and aluminum industries translated to an increase of about $2.25 billion in 2021 for these industries combined.”
The report states, “From 2018 to 2021, section 232 tariffs are estimated to have increased the price of domestically produced steel by about 0.7 percent, on average, and increased the quantity of steel production by about 1.9 percent. During the same time period, section 232 tariffs are estimated to have increased the price of domestically produced aluminum by 0.9 percent, on average, and increased the quantity of domestic production by about 3.6 percent. The increases in production quantity in the steel and aluminum industries translated to an increase of about $2.25 billion in 2021 for these industries combined.”
Posted on 3/4/25 at 8:26 am to BCreed1
The success of effective trade policy is echoed with washing machines, where the 2018-2023 washing machine tariffs stimulated investment in domestic production and led to no long-term price increases. Washing machine prices are now below pre-tariff levels, and prices have risen less than consumer inflation.
Posted on 3/4/25 at 8:26 am to BCreed1
U.S. quotas on automobiles from Japan in the 1980s forced the Japanese automakers to invest heavily in building U.S. manufacturing centers, which countered and reversed the initial price increases and created sustained American automotive production.
Posted on 3/4/25 at 8:27 am to BCreed1
quote:
where the 2018-2023 washing machine tariffs st
quote:
no long-term price increases
I'd love to hear how they defined "long-term"
Posted on 3/4/25 at 8:28 am to SDVTiger
Sycophants are now called leaders
Cowards are now called brave
Trashing your own country is now called patriotism
That’s the whole point here, as compared to other boards. Some are concerned about the dark clouds hovering over the trade war.
But here you can just act like words mean the exact opposite of what the dictionary says.
It’s quite liberating once you get the hang of it, because you don’t have to be held to any sort of standard or factual basis.
Cowards are now called brave
Trashing your own country is now called patriotism
That’s the whole point here, as compared to other boards. Some are concerned about the dark clouds hovering over the trade war.
But here you can just act like words mean the exact opposite of what the dictionary says.
It’s quite liberating once you get the hang of it, because you don’t have to be held to any sort of standard or factual basis.
Posted on 3/4/25 at 8:29 am to BCreed1
A December 2024 Congressional Budget Office (CBO) report estimated that a global 10% tariff would only lead to a 0.6% increase in prices. Similarly, a February 2025 study by the Federal Reserve Bank of Boston estimates that Trump’s 25% tariff on Canada and Mexico and 10% on China would only cause an inflation impact of 0.5 to 0.8%.
CPA’s study on a global 10% tariff showed that benefits include $728 billion in economic growth, 2.8 million additional jobs, and a 5.7% boost in household income.
CPA’s study on a global 10% tariff showed that benefits include $728 billion in economic growth, 2.8 million additional jobs, and a 5.7% boost in household income.
Posted on 3/4/25 at 8:31 am to BCreed1
An OECD study estimated that globalization lowered annual inflation by only 0.1% in the U.S., and by only 0.2% in the Euro area between 1996 and 2005.
A study in the European Economic Review found that imports from low-wage-countries reduced CPI inflation in France by only 0.02% per year from 1994 to 2014.
Bank of Canada concluded that the offshoring of production to China (which now controls 31% of the world’s manufacturing power) only reduced global inflation by 0.07% over the 1990-2006 period.
A study in the European Economic Review found that imports from low-wage-countries reduced CPI inflation in France by only 0.02% per year from 1994 to 2014.
Bank of Canada concluded that the offshoring of production to China (which now controls 31% of the world’s manufacturing power) only reduced global inflation by 0.07% over the 1990-2006 period.
Posted on 3/4/25 at 8:33 am to BCreed1
U.S. trade policy over the past decades has pursed miniscule benefits like this, and at what cost? According to a study by the National Bureau of Economic Research, “Our central estimates suggest net job losses of 2.0 to 2.4 million stemming from the rise in import competition from China over the period 1999 to 2011.”
European Central Bank report also concluded “that globalisation does not appear to be a major force behind the disinflationary trends of the past decades, and any headwinds stemming from globalisation were too small to be economically meaningful. This conclusion hinges on three main elements. First, the major plunge in inflation and its persistent component started in the 1980s, when globalisation was still latent, and came to a halt around the mid-1990s, when China had not yet joined the WTO. Furthermore, the fall in inflation was synchronised across goods and services and, because of their different tradability, they should not respond homogeneously to cross-border integration.
European Central Bank report also concluded “that globalisation does not appear to be a major force behind the disinflationary trends of the past decades, and any headwinds stemming from globalisation were too small to be economically meaningful. This conclusion hinges on three main elements. First, the major plunge in inflation and its persistent component started in the 1980s, when globalisation was still latent, and came to a halt around the mid-1990s, when China had not yet joined the WTO. Furthermore, the fall in inflation was synchronised across goods and services and, because of their different tradability, they should not respond homogeneously to cross-border integration.
Posted on 3/4/25 at 9:04 am to BayouBlitz
quote:
Trump is against free trade.
Doesn't appear that way unless you think one side subsidizing/tariffs/etc. but not the other is "free trade."
Posted on 3/4/25 at 9:06 am to SlowFlowPro
quote:
Let's just take tariffs. How can you argue a preference for using tariffs is "free trade"?
You do understand nobody is claiming tariffs are free trade, right?
Trump has been very clear he does not want Tariffs. He wants people to stop rigging the system against the USA (you know, get to real free trade) and tariffs are the leverage to get there.
Posted on 3/4/25 at 9:06 am to notsince98
Were you like this for the tariffs too?
Posted on 3/4/25 at 9:09 am to BCreed1
quote:
We are done. You are not worth my time
You have to talk to SFP like you talk to a baby changing its diaper or else he won’t understand what you mean
Posted on 3/4/25 at 9:10 am to Mushroom1968
quote:
You have to talk to SFP like you talk to a baby changing its diaper or else he won’t understand what you mean
He says unironically
Posted on 3/4/25 at 9:10 am to notsince98
quote:
You do understand nobody is claiming tariffs are free trade, right?
You may want to read this thread.
quote:
He wants people to stop rigging the system against the USA (
on cue
Posted on 3/4/25 at 9:11 am to BCreed1
quote:
U.S. quotas on automobiles from Japan in the 1980s forced the Japanese automakers to invest heavily in building U.S. manufacturing centers, which countered and reversed the initial price increases and created sustained American automotive production.
Great example. We prop up the zombie UAW and the shitty cars they were pumping out and watch Japanese quality slip a bit because they're making them here.
If an industry is propped up by government intervention, have you really "sustained" it?
Posted on 3/4/25 at 9:11 am to SlowFlowPro
Wow you used a BIG word!! Good job little buddy
Posted on 3/4/25 at 9:22 am to AlexLWR
quote:
The US exporting more to Argentina than it imports.
For now....
Posted on 3/4/25 at 9:29 am to theballguy
quote:
Economy about to go to chit.
You sure hope so, don't you? F@ggot.
Posted on 3/4/25 at 9:31 am to Bourre
quote:
Your dumbass is, once again, is on the same side as the board’s retarded leftist.
Like clockwork. But he's totes conservative/libertarian, bro!
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