Trade Wars and Tariffs

#2,126
#2,126
We didn't issue tarrifs against Russia. Surprise, suprise.

When pressed for why, the administration says because we don’t have enough trade with them now due to sanctions. Uh huh. But we have enough with the penguins to tarrif them ?
 
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#2,127
#2,127
jmacvols1 said:


www.politifact.com

Biden wrong that prices of new, used cars have fallen

During a recent CNN town hall, a questioner pressed President Joe Biden about price increases during the economic recove
www.politifact.com www.politifact.com

www.instituteforenergyresearch.org

Auto Prices Are Up 25 Percent and Likely to Go Higher Under Biden Proposals

Auto prices are skyrocketing under Biden, up 25 percent already and headed higher. New cars now average $48,000, with inflation-driven…
www.instituteforenergyresearch.org www.instituteforenergyresearch.org

Detroit Free Press
freep.com› story › money › personal-finance › susan-tompor › 2022 › 03 › 04 › car-loans-joe-biden-state-of-the-union-inflation › 9344397002
Sticker shock drives up car loans, monthly bills, and inflation index

March 4, 2022 - Paying top dollar for more expensive SUVs is forcing drivers to hand over more than ever for car payments. How do higher car prices hurt consumers?
Click to expand...



The whataboutism isn't going to work here. Time to relent and admit this tarrifs ploy is a huge mistake.
 
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#2,128
#2,128
Velo Vol said:
No, it hasn't been. We're the richest country in the world., and we have more money to spend than anyone else.
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37 trillion in debt is not rich, about 1.5 trillion dollars per year just to pay interest on debt.

if I had 5 million but owed 70 million, am I rich? if I borrow 5 million just to pay the interest on the 70 million am I rich? The US has 9 trillion dollars coming due on the debt. Trump is trying to get interest rates down to refinance that 9 trillion.

www.wita.org

The U.S. Trade Deficit - WITA

Home Previous Page Documents What is the Trade Deficit? Information Courtesy Congressional Research Service, IF11016 What is the trade deficit? The “trade deficit” generally is used to refer to...
www.wita.org www.wita.org
 
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#2,129
#2,129
jmacvols1 said:
by putting tarriff on small countries leakages get tarriffed
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Obviously you’re correct but sweeps up every other industry where we may be at a trade surplus for, say agriculture getting caught up in trade war vs isolated categories. But guess that’s just minor details in all this.
 
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#2,130
#2,130
lawgator1 said:
We didn't issue tarrifs against Russia. Surprise, suprise.

When pressed for why, the administration says because we don’t have enough trade with them now due to sanctions. Uh huh. But we have enough with the penguins to tarrif them ?
Click to expand...

Think maybe it’s because we are openly involved in negotiations with them?
 
#2,131
#2,131
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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Changes in corporate income tax rates dont have the impact on prices that you think.

(Long story short, incone taxes impact similar businesses in much different ways. FedEx has a significantly different tax setup/posture)

Its why Trumps 2017 tarrifs got passed on through to the customer and his corporate tax cuts didnt...
 
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#2,134
#2,134
lawgator1 said:
We didn't issue tarrifs against Russia. Surprise, suprise.

When pressed for why, the administration says because we don’t have enough trade with them now due to sanctions. Uh huh. But we have enough with the penguins to tarrif them ?
Click to expand...
 
#2,136
#2,136
BigOrangeMojo said:
Changes in corporate income tax rates dont have the impact on prices that you think.

(Long story short, incone taxes impact similar businesses in much different ways. FedEx has a significantly different tax setup/posture)

Its why Trumps 2017 tarrifs got passed on through to the customer and his corporate tax cuts didnt...
Click to expand...

You’ve lost me somewhere along the way. Are you claiming taxes do not get passed on to the consumer or are you claiming that the corporations get out of most of the taxes so they don’t matter?

The last sentence has too many variables to make any definitive statement like you’re attempting to do
 
#2,138
#2,138
When we're all in the soup line should we complain about DEI when the guy giving us soup is black or is that disrespectful?
 
#2,139
#2,139
lawgator1 said:
We didn't issue tarrifs against Russia. Surprise, suprise.

When pressed for why, the administration says because we don’t have enough trade with them now due to sanctions. Uh huh. But we have enough with the penguins to tarrif them ?
Click to expand...
Tariff that Russian caviar damnit!
 
#2,144
#2,144
Vol8188 said:
You’ve lost me somewhere along the way. Are you claiming taxes do not get passed on to the consumer or are you claiming that the corporations get out of most of the taxes so they don’t matter?

The last sentence has too many variables to make any definitive statement like you’re attempting to do
Click to expand...

Corporate income tax rate changes (whether up or down) dont get pushed through to customer like a tarrif would. Companies will pass along most, if not all, of a tarrif increase. For many reasons, including profitability and tax structure, they dont pass along most of a tax rate/decrease.

Go back and compare operating margins for WMT, HD pre and post tax cut. You'll seen that 0% of that corporate tax cut got passed along to customers. See what those same companies are saying about how they will pass along tarrifs....
 
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#2,145
#2,145
BigOrangeMojo said:
Corporate income tax rate changes (whether up or down) dont get pushed through to customer like a tarrif would. Companies will pass along most, if not all, of a tarrif increase. For many reasons, including profitability and tax structure, they dont pass along most of a tax rate/decrease.

Go back and compare operating margins for WMT, HD pre and post tax cut. You'll seen that 0% of that corporate tax cut got passed along to customers. See what those same companies are saying about how they will pass along tarrifs....
Click to expand...

Your logic seems wrong here. If you increase taxes, prices will rise. Same with tariffs.

Saying “I didn’t notice price cuts after a recent tax cut” isn’t much of a point.
 
#2,148
#2,148
Vol8188 said:
Your logic seems wrong here. If you increase taxes, prices will rise. Same with tariffs.

Saying “I didn’t notice price cuts after a recent tax cut” isn’t much of a point.
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Corporate taxes are assessed on profits (with a lot exemptions) while tariffs tied directly to a good.

So yes, both can increase prices, but one is going to do much more straightforwardly than the other.
 
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#2,149
#2,149
lawgator1 said:
No worries. It's all about returning us to a 1950s economy.
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Economy grew at 37% in the 50’s.

Unemployment was fairly low and stable.

Purchasing power went up 30%.

We can do a lot worse than the 50’s economy.

I’d take our worldwide performance in education and cost/benefit in healthcare from the 50’s, too.

Count me as a vote for the best of the 1950’s (as long as my family doesn’t have to drink at separate fountains. 👍🏾)
 
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#2,150
#2,150
Velo Vol said:
Corporate taxes are assessed on profits (with a lot exemptions) while tariffs tied directly to a good.

So yes, both can increase prices, but one is going to do much more straightforwardly than the other.
Click to expand...

That’s fair. But without profit corporations eventually disappear. So in the long run I’d argue both achieve the same outcome
 
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