Tarrifs

[jpl458]

It appears that Trump still does not know how tarrifs work. The tarrifs are paid by the people beacus the tarrifs are past on to the consumer via higher prices for goods.

 

[Jon]

If the price of consumer goods from overseas goes up due to the tariff, the consumer is more likely to buy locally. It is not rocket science. Tariffs can be used as a political weapon to persuade the other country to do XYZ. Financial incentives can be effective.

Or, the overseas seller will have to cut their profit margins to compete.

 

[AccessBlaster]

Tariffs were the main source of revenue prior to income tax. It's how we built our infrastructure. It definitely works, that's why communists and socialist hate it.

 

[moke123]

Tariffs were the main source of revenue prior to income tax.

And they applied to both domestic and foreign goods. A federal sales tax.

 

[AccessBlaster]

Stop importing poverty. When you import poverty by the millions that's a tax on everyone, I guarantee Kamala has no clue how immigration works.

 

[jpl458]

If the price of consumer goods from overseas goes up due to the tariff, the consumer is more likely to buy locally. It is not rocket science. Tariffs can be used as a political weapon to persuade the other country to do XYZ. Financial incentives can be effective.

Or, the overseas seller will have to cut their profit margins to compete.

I was saying that The Don does not know hhow they work. He said that we will take in trillions. He thiks, say china, will pay the tarrifs, and that is not true.

 

[moke123]

“In Springfield, they’re eating the dogs, they’re eating the cats, they’re eating the pets of the people that live there,”

-Donald J. Trump

 

[The_Doc_Man]

I was saying that The Don does not know hhow they work. He said that we will take in trillions. He thiks, say china, will pay the tarrifs, and that is not true.

Piddling little tariffs just get passed along to the consumer/customer. But past a certain point, really restrictive tariffs DO cramp the foreign seller's sales and leave them with unmoved inventory that is suddenly burning a hole in their pockets.

I doubt seriously that a highly restrictive tariff will take in trillions. But it will change the international cash flow patterns in ways that might take a while to settle down.

 

[Cotswold]

@moke123 : “In Springfield, they’re eating the dogs, they’re eating the cats, they’re eating the pets of the people that live there,”

This statement doesn't surprise me one bit
I can recall seeing a report in a local newspaper of a visit by the council inspectors to either a Chinese, or an Indian restaurant. There they found a dog on a worktop being cut up and three in the freezer. Rat and mouse droppings fairly common. Up until twenty years ago a friend of mine had a wholesale fish business supplying restaurants and takeaways and from time to time he'd do the rounds with the drivers to meet his clients. He said he'd often see opened and unopened tins of cat food and dog food in the kitchens. So when you come across that spongy bit, you now know what it is. Plus, will or won't they be only buying the cheapest ingredients?

Needless to say we'll only eat out at English or Italian but only those who don't dish out cheap microwaved meals. We have never, ever had a takeaway meal collected, or delivered and never will. Well, except for except for fish and chips, occasionally. But not had any of them for over three years, because they started cooking them in Canola Oil and try to kid you it's healthy.

 

[moke123]

https://twitter.com/x/status/1833754843795591466

BTW, she was born in Ohio. Not a Haitian immigrant as alleged.

 

[moke123]

More of the back story

 

[moke123]

THAT is how China pays, the tariff cuts into their profit.

Actually the American importer pays, but whatever.

 

[AccessBlaster]

In the 70's, In Orange County California where I live, there were reports of Vietnamese immigrants killing and eating domestic animals as well as killing and eating pond ducks and geese.

Back in those days it was pre internet so the pictures we saw of ducks and other animals with arrows in their necks came from the newspapers.

BTW we're still struggling with assimilation, large pockets of immigrants Mexican / Vietnamese choose not to speak English 50 years later. But, I digress.

 

[AccessBlaster]

Actually the American importer pays, but whatever.

So, Biden and Harris kept the Trump tariffs in place knowing it hurts the American importers, good to know. Just another reason to vote Trump.

 

[Isaac]

And they applied to both domestic and foreign goods. A federal sales tax.

Except this one won't, so her calling it a sales tax was silly

 

[moke123]

The Basics of Tariffs and Trade Barriers

Everything you need to know about trade barriers and tariffs, why they are used, and their effects on the local economy.

www.investopedia.com

 

[The_Doc_Man]

And while we are at it, remember that the Chinese tariffs were put up because China was manipulating their own currency to change trade balances. They will EVENTUALLY pay for that when their internal demographics issues come home to roost, but for now they simply do not want to play on a level playing field. That is one reason why tariffs on the Chinese are still in force.

 

[moke123]

@moke123 Can you explain why you choose to not understand the concept of reciprocity? In small words - If France puts tariffs on American wine, why is it wrong for America to put tariffs on French wine? There is no such thing as Free Trade. That would imply that there were no tariffs on any products for either side of an agreement. Free Trade sounds good on paper but in reality, the best we can hope for is Fair Trade where tariffs exist but are more reciprocal. They may tax our wine but instead of taxing their wine, we tax their flowers because their tax on our wine is not so high that it keeps the French from ever buying American wine and we feel that taxing their flowers is more beneficial to our budding flower industry.

I never said tariffs were wrong, only it's us who pay them.

 

[AccessBlaster]

It appears that Trump still does not know how tarrifs work. The tarrifs are paid by the people beacus the tarrifs are past on to the consumer via higher prices for goods.

It appears the Biden / Harris administration does not agree with your assessment of tariffs.

• The Biden administration has kept most of the Trump administration tariffs in place, and in May 2024, announced tariff hikes on an additional $18 billion of Chinese goods, including semiconductors and electric vehicles, for an additional tax increase of $3.6 billion.

You're against tariffs because of TDS.

 

[Cronk]

Nobody done Economics 101? Tariffs disadvantage everyone. Say the US sets a 20% tariff on wine. French wine prices increase. Domestic vintners see the opportunity to increase prices to something short of 20%. All US wine consumers pay more for wine. French viniculturists lose out from sales.

Tariffs are not introduced for economic reasons. If governments impose tariffs for political purposes, their populace pays.