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re: Trump's explains his plans for using tariffs.

Posted on 11/26/24 at 10:50 am to
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292767 posts
Posted on 11/26/24 at 10:50 am to
quote:

Those dumbass american workers should just shut up and stand aside.


American workers have moved on to O&G and tech. We dont make rubber dog shite because its not efficient.

I'll explain this one time though i know maybe one person here is qualified to understand it.

Low level mfg is inefficient, and as our population growth rate shows, we need less of it and more value added industries that attract better wages.

You people want us to go backward. Spend more for less. As our growth rate slows, you people are pushing for even more labor intensive work with low wages. You folks are backwards.
Posted by frogtown
Member since Aug 2017
5577 posts
Posted on 11/26/24 at 10:52 am to
quote:

Isn't this basically the plan? Not tariff across the board, but tariff to correct the specific areas where other countries are taking advantage of us.


Dude. You obviously did not read your own post.

To achieve this goal, we will phase in a system of universal, baseline tariffs on most foreign products. On top of this, higher tariffs will increase incrementally depending on how much individual foreign countries devalue their currency.

So Trump wants an "across the board" universal baseline tariff. The number that has been floated is 10%. Then he will add to that based on other factors.
Posted by Nomadic Bengal
Member since Jul 2022
3154 posts
Posted on 11/26/24 at 10:53 am to
There is no way American manufacturing catches up in time to avoid disaster.
Anything with a chip in it will cost so much more to the consumer.
This is fairy tales and fantasy, but have fun with your dreams of America in the 50s.
Posted by NEDM92
Member since Oct 2024
187 posts
Posted on 11/26/24 at 10:54 am to
Not me. I want the fed to collapse completely it’s a crime syndicate. People should be planning on how to live outside of this system
This post was edited on 11/26/24 at 10:55 am
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292767 posts
Posted on 11/26/24 at 10:55 am to
quote:

fricking them over has worked so well all this time


The road out is education or learning a skill. If they dont want to improve themselves,, I have zero sympathy.

Moving our economy into the dark ages for entitled union workers is backwards.
Posted by lake chuck fan
Vinton
Member since Aug 2011
20936 posts
Posted on 11/26/24 at 10:55 am to
quote:


Has Trump announced that as part of his plan?


Doesn't need to, he will just like he did every year previously.


No need for the long reply. You could have simply said "no".
So, your guessing..... You really don't know.
Same as you really don't know that Trump's tariff plan won't work.
Your opinion is no more accurate than anyone else's.
We can all debate our opinions all day.......

Only the most TDS blinded folks would doubt Trump at this point.
It's a good thing y'all are the loser minority.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292767 posts
Posted on 11/26/24 at 10:56 am to
quote:

You really don't know.


Yes, I do.

Do you think Trump will allow low employment or high inflation indicators to stand?

His previous administration, he wanted the fed to boost the economy for him. You have links in this thread, no reason to be ignorant.
Posted by PineyWoodsHog
Texas
Member since Sep 2021
2903 posts
Posted on 11/26/24 at 10:58 am to
quote:

He still lies about what a tariff is and who pays it.


How was the federal government funded prior to income tax, TrannyBoy? Oh that's right, tariffs with which the consumer gets to decide if they want to pay extra for tariffed goods or less by supporting companies that produce in the US.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292767 posts
Posted on 11/26/24 at 10:59 am to
quote:


How was the federal government funded prior to income tax,


You mean when our industry base was manufacturing. Which was decades ago.

We are a high tech/service economy now.
Posted by ThuperThumpin
Member since Dec 2013
8963 posts
Posted on 11/26/24 at 11:05 am to
quote:

Isn't this basically the plan? Not tariff across the board, but tariff to correct the specific areas where other countries are taking advantage of us.


Not according to your own post......literally the first line "To achieve this goal, we will phase in a system of universal, baseline tariffs on most foreign products"
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292767 posts
Posted on 11/26/24 at 11:08 am to
Trump is stuck on 1950s America with these tariffs.

They didnt work last time they will not work this time.

quote:

“The results suggest that markets interpreted the impact of the tariffs as much more negative than what economists initially estimated,” said David Weinstein in an interview. “Part of the reason stems from the fact that the U.S. tariffs rose significantly in 2019, and the earlier studies didn’t include these higher rates. Moreover, the new analysis suggests that the tariffs’ impact on productivity is likely to be a factor holding down U.S. growth rates. The tariffs protect the least efficient firms and reduced their incentives to innovate while hurting the most successful U.S. firms, reducing their ability to innovate.”


The imporant part is bolded. It promotes inefficiency and not excellence.
Posted by lake chuck fan
Vinton
Member since Aug 2011
20936 posts
Posted on 11/26/24 at 11:11 am to

Victor David Hanson explains .....



Posted by AUCE05
Member since Dec 2009
44563 posts
Posted on 11/26/24 at 11:13 am to
Go read r/Canada. They are losing their minds right now. The realization that they don't actually have a country is setting in.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292767 posts
Posted on 11/26/24 at 11:13 am to
quote:

Only the most TDS blinded folks would doubt Trump at this point.


No, I watched him beg the fed to boost his numbers in 2019 so he could win an election.

Posted by Figgy
CenCal
Member since May 2020
9687 posts
Posted on 11/26/24 at 11:41 am to
quote:

Weve been here, Trump loves to spend money and his tariffs will result on no permanent jobs.


I have my problems with the tariffs as they’ve been presented. But I do think that they could end with permanent jobs here. But that will take a very long time and a prolonged period of pain and adjustment for the US consumer. I don’t think many posters here have an understanding of just how much is being imported that plays a role and their day-to-day in lives and in the running of businesses. Prices are very likely going to go up. I posted last week that we’ve already received notice from our suppliers (we own a business) that they hope for prices to remain steady next year but the 4th quarter is when they’re targeting possible increases and that will be because existing inventories will be emptied out. I guarantee that I will be passing costs along and my margins are healthy. Let’s say I have an item that costs $5 and I mark it up 45% so that becomes a sell at $9.09. Well if the tariffs bump things up 25% the $5 item is now $6.67. If I maintain my margins the sell becomes $12.13. This is how things work in our industry and we work with anyone and everyone and we source from anywhere and everywhere.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292767 posts
Posted on 11/26/24 at 11:43 am to
quote:

But I do think that they could end with permanent jobs here


The odds of that are slim. To enact meaningful tariffs with permanent changes would require such massive tariffs that it would absolutely create more inflationary pressure.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
292767 posts
Posted on 11/26/24 at 11:45 am to
quote:


A deeply wounded narcissist incapable of acting except out of his own perceived self interest or out of revenge haha


Most here think the economy under trump thrived, but it was in sad shape in 2019 and Donny begged the fed to rescue him.

His ego will not allow him to accept less than stellar economic indictors, which means more inflationary pressures coming.

quote:

Our results suggest that tariff increases have adverse domestic macroeconomic and distributional consequences. We find empirically that tariff increases lead to declines of output and productivity in the medium term as well as increases in unemployment
Posted by Westbank111
Armpit of America
Member since Sep 2013
4361 posts
Posted on 11/26/24 at 11:50 am to
i will go on record and state that i will never get tired of this type of winning!

Anyone that cannot see the vision of the tariffs and how it truly brings prosperity to the middle class of the USA, you are a moron at best!!!

Let the Orange Man lead the way, we will once again be the Worlds Undisputed Super Power!
Posted by LSUconvert
Hattiesburg, MS
Member since Aug 2007
6622 posts
Posted on 11/26/24 at 12:04 pm to
quote:

Most here think the economy under trump thrived, but it was in sad shape in 2019 and Donny begged the fed to rescue him.


Why do you think that is?

Are people really that susceptible to propaganda that they will forget something as soon as five whole years ago?
Posted by Cobbvol
Member since Jun 2020
246 posts
Posted on 11/26/24 at 12:04 pm to
quote:

i will go on record and state that i will never get tired of this type of winning!

Anyone that cannot see the vision of the tariffs and how it truly brings prosperity to the middle class of the USA, you are a moron at best!!!

Let the Orange Man lead the way, we will once again be the Worlds Undisputed Super Power!

Inflation

Yea, don't let the MSM use their tricks with Trump's first administration. The above link shows the inflation history.







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