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Started By
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re: Why are tariffs bad when we do it, but not when they do it to us?
Posted on 4/7/25 at 9:23 am to deuceiswild
Posted on 4/7/25 at 9:23 am to deuceiswild
quote:
Do they charge a VAT or have any other regulations designed to make it harder for American products to enter their markets?
Did any of that figure into the Trump administration's tariff calculation?
No. No, it did not.
1
Posted on 4/7/25 at 9:29 am to RogerTheShrubber
Not at all. I’m saying that the American people are tired of supporting everything everywhere else at a huge cost to our own country. The fact that another country extracts heavy burden on American businesses while relying on our taxpayers as well is not welcomed anymore. We have our own responsibilities to deal with that decades of bad leadership has caused
Posted on 4/7/25 at 9:31 am to Nosevens
quote:
ot at all. I’m saying that the American people are tired of supporting everything everywhere else at a huge cost to our own country.
The "American people" arent getting the bill for it, unless its our own tariffs.
The trade deficit doesnt contribute to the debt.
Posted on 4/7/25 at 9:38 am to RogerTheShrubber
quote:
Would you rather have our economy or theirs?
You could argue the only reason their economy is even as good as it is now is because of tariffs.
Posted on 4/7/25 at 9:39 am to Mike da Tigah
The stock stuff is very interesting to me.
Posted on 4/7/25 at 9:40 am to GeauxLSUGeaux
quote:
You could argue the only reason their economy is even as good as it is now is because of tariffs.
Tariffs are a drag on economic growth.
They always have been, even in 2018.
Your trading economic freedom for protectionism and only a handful of companies will beneift.
Posted on 4/7/25 at 9:42 am to RogerTheShrubber
quote:
Would you rather have our economy or theirs?
Economies have a lot of moving parts. If you zoom in at this point in time and take a snap shot, the obvious answer would be ours. However, this is myopic and ignores trajectories, etc and also disregards how to make ours even more robust.
Tariffs have been anathema to conservative economists for as long as I can remember. But my guess is many of those have never ran their own business to any extent. IOW, they've never tested their theories in real life so I temper my confidence in them.
Posted on 4/7/25 at 9:44 am to Mike da Tigah
If Biden was doing this they would be celebrating in the streets. They will always hate the exact opposite of what Trump is doing and Americans now see their fake outrage
Posted on 4/7/25 at 9:44 am to FLTech
quote:
If Biden was doing this they would be celebrating in the streets
Biden expanded Trumps tariffs and MAGAts thought he had the worst economy of all time.
Why is that?
Posted on 4/7/25 at 9:47 am to RogerTheShrubber
Because he did have the worst economy even with the tariffs.. he was that bad.
Posted on 4/7/25 at 9:48 am to FLTech
quote:
Because he did have the worst economy even with the tariffs.
He was saddled with Trumps Covid shite too.
2020 was a disaster and we're still reeling.
Posted on 4/7/25 at 9:54 am to RogerTheShrubber
Never once implied it did. What it does is drive up cost. If you think that lower margins elsewhere doesn’t mean trying for greater margins here is doesn’t happen then think of medicine abroad cost vs ours here. Many factors come into play on all goods made or sold here and there is no simple or cheap solutions as it started with bad leadership working with scoundrels in the business world taking advantages of American citizens while offering the world freebies almost like they designed the outcomes. Will this work hopefully but I already know what wasn’t working
Posted on 4/7/25 at 9:56 am to Nosevens
quote:
Never once implied it did. What it does is drive up cost.
Its a byproduct of wealth and a strong dollar.
If you want a trade surplus, just destroy the dollar. You'll make headway.
Posted on 4/7/25 at 10:07 am to RogerTheShrubber
quote:
The trade deficit doesnt contribute to the debt.
So, if a winemaker that has been paying 100 million to New Zealand because New Zealand charges a tariff on US wines continues to sell the same amount of wine to New Zealand after the tariff vanishes, then that winemaker WON'T earn more, and pay more in taxes to the US, raising the revenue and lowering the deficit/debt?
Fascinating.
Posted on 4/7/25 at 10:09 am to Grumpy Nemesis
quote:I was hoping he would say he had one too many appletinis but he had doubled down on that idiocy.
Roger is never going to recover from that post. People will be throwing it in his face for as long as he's on this board. It's so painfully stupid and so clearly stupid that it calls into question everything else he's ever said
Posted on 4/7/25 at 10:13 am to Mike da Tigah
Allowing other countries to tariff America, and not do anything to counter that, is equivalent to white guilt. It's nothing more than letting another country abuse the US and hand over American wealth to other nations.
Globalist socialism.
Globalist socialism.
Posted on 4/7/25 at 10:21 am to The Maj
quote:
Not going to answer the question, I see
He did answer the question.
Why are y'all so dense? It's got to be intentional. Y'all really can't be as stupid as you act.
Tariffs, along with all of the other artificial protectionist mechanisms that those countries use DO drag their economies. Your whole "gotcha' is based on a false premise, namely, that they wouldn't do it if it hurt their economies. It does hurt their economies, as well as several other choices they make.
Again, this is as simple as it gets: tariffs protect domestic producers and hurt domestic consumers. The cost of protecting the producers is hurting the consumers.
They are choosing to prioritize artificially protecting their country's producers at the expense of their consumers. More so than the US, anyway.
Just like they choose to prioritize their country's social services over their country's taxpayers. More so than the US, anyway.
If you think it's a good idea to make the choices they make, o.k. I fully expect the populists collectivists here at some point to embrace unions and socialized medicine and all of the other things that these countries embrace far more than we do now.
But there are those of us who think that making the choice to not hurt consumers is a better idea. Especially for the US with our specific blend of demographics and regulatory and welfare philosophy.
You can lean toward collectivist socialism all you want, just like those countries you want to emulate.
Doesn't mean we have to agree.
Posted on 4/7/25 at 10:21 am to RogerTheShrubber
It’s already been destroyed and tariffs are not product wealth. After WW11 Europe placed tariffs on goods even as we were helping with the rebuilding process. Japan has low tariffs but us other issues to hamper imports from us. China is a country hell bent on world domination and blocks access to ownership and tariffs heavily but expects others to throw their legs up. Canada & Mexico are the equivalent of living in the basement and above the garage. They want the safety of living with us but want food, dessert’s and allowance. A strong economy and a non entitlement system wins, anything else is but wasting our legacies future
Posted on 4/7/25 at 10:24 am to TigerB8
quote:
Allowing other countries to tariff America, and not do anything to counter that, is equivalent to white guilt.
O.k., but choosing the response that is being chosen here is akin to shooting off your own big toe because your enemy shot off his and that's not fair.
quote:
It's nothing more than letting another country abuse the US and hand over American wealth to other nations.
How is American wealth being handed over to other countries? Point by point, please.
Posted on 4/7/25 at 10:25 am to Nosevens
quote:
They want the safety of living with us but want food, dessert’s and allowance
You folks have collectivized what was meant to be privatized while creating problems instead of solutions.
Is it your opinion that the big ole USA is being abused by Canada?
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