Tarrifs

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You also seem to conveniently ignore the reciprocity part of the equation. Do you believe that it is OK for Germany to add such high tariffs on American autos that American manufacturers cannot sell their cars there?
My point is that people are worse off through imposition of tariffs, unilaterally, bilaterally or multilaterally. Tariffs lead to economic inefficiencies.
You might take satisfaction in the fact that Germans are paying higher auto prices because of their tariff.
 
Here's info on tariffs. https://www.trade.gov/import-tariffs-fees-overview-and-resources.

What some of you don't get into your heads is that Trump is after FAIR Trade. If the US imports a billion dollars of goods from autos from Germany with zero tariffs don't you think they should import US autos duty free? Germany is giving their autos an advantage in their country allowing more German autos to be sold over US autos. Trump wants to encourage and increase production of US production and putting tariffs on foreign competition will help.
 
You also seem to conveniently ignore the reciprocity part of the equation. Do you believe that it is OK for Germany to add such high tariffs on American autos that American manufacturers cannot sell their cars there?
@Pat Hartman tbh most Europeans wouldn't buy a American car because they don't suit the roads over here, aren't as well built as a German car, and we buy cars not pickups. (Is the F150 still the best selling vehicle in the USA?)

We did buy Tesla's or at least we used to, until the EV market bubble burst about a year ago.
 
@Minty
As I understand it Ford and other car makes are now the same in every country. So the US Focus, Puma and Mustang are the same as the ones here. But you are right we don't buy many pickups, probably because they seem so pointless and ridiculous . But the Ford Ranger is apparently the most popular car in Australia. Over there they call them a Ute for some reason that escapes me.
However, you know what they say the difference is between a hedgehog and a pickup truck? With a hedgehog the pricks all are on the outside.
 
@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.
If somebody punches themself in the face, there is no reason to reciprocate by punching yourself in the face.

Chinese companies are not going to eat the tariff increase because if they do so, they will lose money and go out of business. Similarly the importer will need to pass on the tariff to their customer and eventually to the end user.

Tariffs are an inefficient source of revenue. Biden's 100% tariff on Chinese EV's, brings in no revenue because it makes it unprofitable to import EV's from China, it simply raises prices to the consumer. There is a benefit to American producers of EV at the expense of consumers and producers of everything else (as consumers have less money to spend on everything else).

Before the 20th century, the Federal government was fairly small and could finance itself through tariffs (and excise taxes). Most spending was at the state and local level, financed by property taxes and excise taxes.
 


  • Before accounting for behavioral effects, the $79 billion in higher tariffs amounts to an average annual tax increase on US households of $625. Based on actual revenue collections data, trade war tariffs have directly increased tax collections by $200 to $300 annually per US household, on average. Both estimates understate the cost to US households because they do not factor in the lost output, lower incomes, and loss in consumer choice the tariffs have caused.
  • Candidate Trump has proposed significant tariff hikes as part of his presidential campaign; we estimate that if imposed, his proposed tariff increases would hike taxes by another $524 billion annually and shrink GDP by at least 0.8 percent, the capital stock by 0.7 percent, and employment by 684,000 full-time equivalent jobs. Our estimates do not capture the effects of retaliation, nor the additional harms that would stem from starting a global trade war.
  • Academic and governmental studies find the Trump-Biden tariffs have raised prices and reduced output and employment, producing a net negative impact on the US economy.

 
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Ask the Biden administration why of all of Trump's policies, they chose to keep tariffs. You have chosen to not understand the concept or the fact that the tariffs didn't cause inflation. It was the flagrant money printing machine of the Biden/Harris administration that caused the runaway inflation.

You are aware that China subsidizes industries where it wants to destroy competitors in America? Right? So, yes, Chinese EV's are very cheap but without tariffs, they would be sold to Americans at below cost in order to drive American car manufacturers out of business. Just as they drove the American drug and circuit companies out of business. The population of Detroit is approximately 30% of what it was in the heyday of American car manufacturing in the 50's. Our politicians sold out the middle class that had been built by the auto by allowing automakers to offshore their car factories. They use foreign workers to now build cars that are brought back into the US market for less than we can build them here but the process destroyed cities across the rust belt.

There is no reason for the US government to occupy such a huge portion of all jobs. Permanent jobs with huge benefit packages and no accountability has allowed bureaucrats to not watch the pennies or be held accountable for fraud thereby wasting billions of dollars every year. The DOE has not improved education in this country, in fact, Johnny can't read or do simple math in most big cities. Bureaucrats are lowering the standards so that they can graduate more failing students in a time when we need a far better educated workforce not a dumber one. Other bureaucrats are importing virtual slave labor from around the world. Why? No rational reason that I can fathom except that the formerly captive black slaves of the inner cities are wising up to the scam the Dems are running and are not reliably voting for Democrats any more so they need new, uneducated slaves who will continue to vote for "free" stuff to their own detriment.
The Biden administration should not have kept the tariffs. But now Trump and the socialist wing of the Republican party wants to move further to the left with taxes that raise prices but generate little revenue.

It is also worth mentioning the only the Congress can levy tariffs and Trump's duties on China were unconstitutional. The Supreme Court was too busy creating Presidential immunity to bother enforcing the actual written constitution.

Don't you mean the flagrant money printing machine of the Trump/Biden era. (figures in millions of dollars)

Budget Deficit by fiscal year
[td width="145px"]
2016-09-30​
[/td][td width="145px"]
-$584,650​
[/td]​
[td]
2017-09-30​
[/td][td]
-$665,450​
[/td]​
[td]
2018-09-30​
[/td][td]
-$779,074​
[/td]​
[td]
2019-09-30​
[/td][td]
-$983,588​
[/td]​
[td]
2020-09-30​
[/td][td]
-$3,132,456​
[/td]​
[td]
2021-09-30​
[/td][td]
-$2,775,350​
[/td]​
[td]
2022-09-30​
[/td][td]
-$1,375,920​
[/td]​
[td]
2023-09-30​
[/td][td]
-$1,693,725​
[/td]​

The reason for the increase in deficits was spending on COVID stimulus (and the debt it created), the retirement of the baby boom generation and the Trump tax cuts (which Harris has promised to mostly retain).

GM & Chrysler did go bankrupt but Ford and Toyota (the largest US carmaker) did not and they are all profitable now. Detroit contained obsolete factories with high labor costs, so production moved to areas of the US with cheaper land and labor. Overall US car production is down, but that is world-wide phenomenon caused by cars lasting longer.

It still not clear to me why American auto workers should be "protected" at the expense of American consumers and Americans who make everything other than cars. Or why the US should emulate the bad policies of the Chinese government of President Xi with economic stagnation and high unemployment there.

I am not sure what the stuff about bureaucrats has to do with tariffs, but most government employees are state & local not federal. And Trump and the Republicans in congress did not even try to abolish the Department of Education.
 
Yes, but they have a vibrant auto industry. We have destroyed ours.
Actually VW is to close at least two factories and lay off thousands. Other German car makers are also reducing production in Germany.
Germany as a country is anticipating recession. Only electric cars can be sold in the EU after 2035. The electric car looks like being their downfall. In the UK manufacturers not selling a high enough percentage of electric cars will be fined £15,000 per car by 2030. The deadlines and requirements have been snatched out of the air by politicians without the slightest understanding as to how it may be achieved. Or what the costs will be.

A huge oil refinery in Scotland is to close next year because the UK government has refused to allow it to use North Sea gas to power the plant.
2Kier Stalin's government is refusing to allow any more exploration in the North Sea. So we will import more oil and gas from amongst others, Norway also in the North Sea. It all makes perfect sense.
Presumably one side effect will force up the price of plastic which is in just about everything we buy. Inflation is on its way back to the UK.
 
rump was not prepared with the right people to install in various agencies when he took office. He is far better prepared today with people who agree that some agencies should be eliminated.
Yes, it's called Project 2025.
 
No one is protecting auto workers. The auto industry is actually necessary to national defence. Ask yourself if it would be possible to win wwIII if we had no steel or auto industry to convert to military vehicles.

Trump was not prepared with the right people to install in various agencies when he took office. He is far better prepared today with people who agree that some agencies should be eliminated. His "people" kept telling him that he had no authority to fire people but didn't tell Trump he could just send them all to Nome. Not to disparage Nome which I'm sure is a lovely city, just not one that DC swamp creatures are likely to want to move to.
Military vehicles have little to due with automotive production. They are made by different companies. But it seems that you agree that tariffs lower the American standard of living.

Only the Congress, not the President can abolish the Department of Education. Understand the Congress not the President is the primary institution of our Republic. The Constitution requires that the President "faithfully execute the laws". He can't reassign everyone to Nome. But in 2017 & 2018 there was Republican presidents and Republican majority in both houses of Congress which could change laws.

The majority of the money spent by the Department of Education is spent on Pell Grants, which the Congress has been reluctant to abolish. Consider that University President is a popular job for former state governors.
 

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