Trade Wars and Tariffs

#2,051
#2,051
dmwvol12 said:
Food for thought. Is it possible that neither Biden and the Democrats nor Trump and the Republicans are competent? This forum is a microcosm of why this country is in its current state. Each side is dug in on winning an argument instead of making actual decisions and compromising for the betterment of country. I would suggest there is plenty of blame on both sides of the aisle. Now everyone can go back to screaming at the clouds of who is MOST to blame. May God have mercy on our nation.
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Half the board doesn’t believe in God because it’s a conservative view. So you just fed the fire.
 
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#2,052
#2,052
General Jack said:
Hasn't been necessary to speak out against anyone other than trump.

I understand and respect that people have different views. What I don't respect are public servants driven primary by vengeance, narcissism and ignorance - and public servants that would rather troll than be serious about "serving the public."
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So when Biden bosched afghanistan. There was no reason to call him out for the 13 dead. When the Democratic party lied to us about his competence. And the mainstream media followed. There was no reason to call out the Democratic party. And the mainstream media. When Bill Clinton asserted his authority over a young woman. And raped her in the oval office. There was no reason to call out the Democratic party.This is why you are a partisan POS because you only speak out against one side.
 
#2,053
#2,053
whodeycin85 said:
So when Biden bosched afghanistan. There was no reason to call him out for the 13 dead. When the Democratic party lied to us about his competence. And the mainstream media followed. There was no reason to call out the Democratic party. And the mainstream media. When Bill Clinton asserted his authority over a young woman. And raped her in the oval office. There was no reason to call out the Democratic party.This is why you are a partisan POS because you only speak out against one side.
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Pretty much sums it up, could add Twitter/Facebook being contacted by the Dems to censor information in their favor prior to an election.
 
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#2,054
#2,054
MontyPython said:
Not sure you've thought this all the way through...

1. Tariffs are taxes. They're paid for by importers here in the US, not the tariffed nation.

2. So manufactured goods importers can eat the tax and/or pass the tax onto consumers. Net effect = inflation or lower profit margins which means lower disposable income and less taxes collected by the government.

3. Should a manufacturer move operations from overseas to the US, now their labor costs are higher - presuming labor is even available. They can eat the higher costs and/or pass the tax onto consumers. Net effect = inflation or lower profit margins which means lower disposable income and less taxes collected by the government. Also if publicly traded, lower stock prices.

4. Tariffed nations will likely impose reciprocal tariffs on our exports. Net effect = our exports cost more, thereby reducing demand, sales and profits resulting in lower disposable income and less taxes collected by the government. Also if publicly traded, lower stock prices.

We live in a global economy. Protectionism and isolationism ignore this fact. The free market has shaped where manufacturing occurs in our world. Trying to overrule free markets, in general, is a self-defeating goal.

And, oh by the way, we've been down this road nearly a century ago. Net result in part = trade wars and The Great Depression.
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#2,060
#2,060
Orangeslice13 said:
I’m calling Bull ****.
They had a list and they blanket stamped tariffs on it.
The details are what make you look stupid.

It should not be hard to not look as stupid as the last guy. He was seriously impaired with dementia…..but here we are
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The tariffs are on the fisheries and companies that run it's those islands.. They don't start there permanently but they do ship from them..
 
#2,064
#2,064
bamawriter said:
You can't expect clarity out of people who didn't know what they were doing to begin with.
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They know that ~$10 trillion of our debt is due this year with a large amount (70%) front loaded between Jan-June. Hopefully this just timed that way and not due to anything Yellen did going out the door. They also know that the bond market has gained a large amount of value this year with some saying it has or close to surpassing stock market losses. With these bond gains, it will yield lower interest rates for our nation's debt to be financed.
 
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#2,066
#2,066
Orangeslice13 said:
Not sure I’m buying that. I’m still leaning “clerical error “ by an intern somewhere.
Either way, he needs to avoid this kind of stupidity
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export figures from Heard Island and McDonald Islands are even more perplexing. The territory does have a fishery but no buildings or human habitation whatsoever.

Despite this, according to export data from the World Bank, the US imported US$1.4m (A$2.23m) of products from Heard Island and McDonald Islands in 2022, nearly all of which was “machinery and electrical” imports. It was not immediately clear what those goods were.

In the five years prior, imports from Heard Island and McDonald Islands ranged from US$15,000 (A$24,000) to US$325,000 (A$518,000) per year.
 
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#2,067
#2,067
MontyPython said:
Not sure you've thought this all the way through...

1. Tariffs are taxes. They're paid for by importers here in the US, not the tariffed nation.

2. So manufactured goods importers can eat the tax and/or pass the tax onto consumers. Net effect = inflation or lower profit margins which means lower disposable income and less taxes collected by the government.

3. Should a manufacturer move operations from overseas to the US, now their labor costs are higher - presuming labor is even available. They can eat the higher costs and/or pass the tax onto consumers. Net effect = inflation or lower profit margins which means lower disposable income and less taxes collected by the government. Also if publicly traded, lower stock prices.

4. Tariffed nations will likely impose reciprocal tariffs on our exports. Net effect = our exports cost more, thereby reducing demand, sales and profits resulting in lower disposable income and less taxes collected by the government. Also if publicly traded, lower stock prices.

We live in a global economy. Protectionism and isolationism ignore this fact. The free market has shaped where manufacturing occurs in our world. Trying to overrule free markets, in general, is a self-defeating goal.

And, oh by the way, we've been down this road nearly a century ago. Net result in part = trade wars and The Great Depression.
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How can you understand these things when it comes to tariffs, but not when it comes to corporate taxes?
 
#2,070
#2,070
volfanhill said:
These aren't reciprocal tarrifs

Why would a manufacturing company invest tons of money just to risk the next administration reversing course?
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Exactly...which in my opinion is why specific countries and specific industries should be the targets. Do we have capacity today to manufacture items in USA and are largely uncompetitive due to dumping practices from China, or outsourced to Vietnam, S Korea, India, etc....if we do, tariff the hell out of those industries (that's an immediate win). If something like steel or drug manufacturing or critical infrastructure/national interest is involved, that's another area to hit hard. Plants will be built cautiously ...most major mfg plants take a minimum of 2 years to build, and another year to work the kinks out, and another year or two to get throughput to yield desired manufacturing operating variances....not knowing if the tariffs will stay on or not, in most cases, isn't going to pass the board room for Cap-Ex approvals for investing in new plants, w/o government assurances or subsidies. Target long term investment/strategies into industries we want to bring back...again, jmo.
 
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#2,073
#2,073
MontyPython said:
Ok. So if corporate taxes are too high, why can’t Trump and Congress lower them?
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They already did during their first term. But you’re still missing the point, intentionally.

The points you’re making about tariffs, such as raising the cost for consumers, are true about corporate tax rates.

Why would support corporate taxes, but not tariffs?
 
#2,075
#2,075
Vol8188 said:
They already did during their first term. But you’re still missing the point, intentionally.

The points you’re making about tariffs, such as raising the cost for consumers, are true about corporate tax rates.

Why would support corporate taxes, but not tariffs?
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CNN hasn't told him he allowed to.
 
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