LOL Tennessee

[BeardedVol]

It isn't exactly like you googled. In the little video he didn't mention what happens if exporters lose market share. They will reduce their price to retain market share, simple as that, Google Boy.
Who pays the tariff is completely dependant on the commodity.

​

Who Bears the Cost of Tariffs?​

Tariff incidence is the technical term for how the costs of a tariff are split between foreign exporters and domestic importers. While importers pay the duty, the “economic burden” of the tariff can be shifted onto exporters if they lower their export prices. We illustrate this effect through a simple example: Suppose foreign exporters charge $100 for a good, and the importing country decides to levy a 25 percent tariff on it. If the foreign price remains unchanged at $100, the duty paid is $25, increasing the import price to $125. In this case, the tariff incidence falls entirely on the importer; in other words, there is 100 percent pass-through from tariffs to import prices, and therefore on U.S. consumers and firms.

In contrast, the exporter might lower its price in order to avoid losing market share. If foreign exporters respond to the tariff by lowering their price to $80 (i.e., $100 divided by 1.25), the price paid by importers will remain $100 (with $20 in duties paid to the government). In this case, 100 percent of the tariff incidence falls on foreign exporters, who now receive $20 less for the same good; in other words, there is zero pass-through from the tariff since the import price is unchanged.

Except that it's already been pointed out to you, who is paying the tariffs.

Here it is again for you:

 

[Skooter]

Ford Sr.?

Yes and another Ford was busted for similar about 10 years ago. We lived across the street from extended family the Peete’s in SE Memphis in 70s and 80s. Really nice people and had my first sweet potato pie at their house. Also met Tree Rollins as he was dating the Peetes daughter.
Ford family though as crooked as any politicians to ever exist. There was another Ford brother involved as well but can’t recall his name.
Memphis has always been volatile racially then you had the “white flight” with Germantown, Cordova, Collierville that’s now stretched out toe Eads. Dem Leaders there have never done a damn thing to help black people, but continue to get their votes for decades. Never made any sense to me.

 

[Orangeburst]

If we ditch west TN, the Titans will have to redesign their new unis again.

 

[theFallGuy]

Ford Sr.?

pretty much all of the Fords have been in trouble. The only decent one was Harold Ford Jr but don't think he's in politics anymore

County Commissioner Edmund Ford Jr. submits resignation letter following tax evasion plea

Ford’s resignation resolution was added to Wednesday’s Shelby County Commission committee meeting discussion.

www.actionnews5.com

Jury finds Ford guilty of all charges

Former lawmaker John Ford was convicted Friday on public corruption charges for taking money from government contractors and lobbying for them while he served in the Tennessee Senate.

www.actionnews5.com

https://www.latimes.com/archives/la-xpm-2007-may-13-na-ford13-story.html

 

[BernardKingGOAT]

pretty much all of the Fords have been in trouble. The only decent one was Harold Ford Jr but don't think he's in politics anymore

County Commissioner Edmund Ford Jr. submits resignation letter following tax evasion plea

Ford’s resignation resolution was added to Wednesday’s Shelby County Commission committee meeting discussion.

www.actionnews5.com

Jury finds Ford guilty of all charges

Former lawmaker John Ford was convicted Friday on public corruption charges for taking money from government contractors and lobbying for them while he served in the Tennessee Senate.

www.actionnews5.com

https://www.latimes.com/archives/la-xpm-2007-may-13-na-ford13-story.html

Yes, I am aware of the Fords and their corruption (save Harold Jr)

 

[BernardKingGOAT]

Yes and another Ford was busted for similar about 10 years ago. We lived across the street from extended family the Peete’s in SE Memphis in 70s and 80s. Really nice people and had my first sweet potato pie at their house. Also met Tree Rollins as he was dating the Peetes daughter.
Ford family though as crooked as any politicians to ever exist. There was another Ford brother involved as well but can’t recall his name.
Memphis has always been volatile racially then you had the “white flight” with Germantown, Cordova, Collierville that’s now stretched out toe Eads. Dem Leaders there have never done a damn thing to help black people, but continue to get their votes for decades. Never made any sense to me.

Yeah, I am aware of the Fords and their corruption. You said Ford Sr and I know he was a US House Rep. I thought you were talking about one of them being a mayor. Several of my college buddies were from Germantown

 

[BernardKingGOAT]

Yes, that one. His son Ford jr is a Fox News contributor who appears on the Five.
He said the other day that his wife is a white woman & a Rep when discussing interracial marriages.
Harold Ford jr looks almost as white as me.

Yes, I know all about Harold Jr. Voted for him a couple of decades ago for US Senator when he was running against Corker, who I also liked

 

[rikberry31]

its not one sided.

There are more all red states than there are all blue states.

R:
1. Alaska
2. Arkansas (4)
3. Idaho (2)
4. Montana (2)
5. Nebraska (3)
6. North Dakota
7. Oklahoma (5)
8. South Dakota
9. Utah (4)
10. West Virginia (2)
11. Wyoming

D:
1. Connecticut (5)
2. Delaware
3. Hawaii (2)
4. Maine (2)
5. Mass (9)
6. New Hampshire (2)
7. New Mexico (3)
8. Rhode Island (2)
9. Vermont

I was talking about the gerrymandering being one sided till now. The crap is gerrymandered out of every blue state.

 

[GVF]

It isn't exactly like you googled. In the little video he didn't mention what happens if exporters lose market share. They will reduce their price to retain market share, simple as that, Google Boy.
Who pays the tariff is completely dependant on the commodity.

​

Who Bears the Cost of Tariffs?​

Tariff incidence is the technical term for how the costs of a tariff are split between foreign exporters and domestic importers. While importers pay the duty, the “economic burden” of the tariff can be shifted onto exporters if they lower their export prices. We illustrate this effect through a simple example: Suppose foreign exporters charge $100 for a good, and the importing country decides to levy a 25 percent tariff on it. If the foreign price remains unchanged at $100, the duty paid is $25, increasing the import price to $125. In this case, the tariff incidence falls entirely on the importer; in other words, there is 100 percent pass-through from tariffs to import prices, and therefore on U.S. consumers and firms.

In contrast, the exporter might lower its price in order to avoid losing market share. If foreign exporters respond to the tariff by lowering their price to $80 (i.e., $100 divided by 1.25), the price paid by importers will remain $100 (with $20 in duties paid to the government). In this case, 100 percent of the tariff incidence falls on foreign exporters, who now receive $20 less for the same good; in other words, there is zero pass-through from the tariff since the import price is unchanged.

That's the theory of it. Not necessarily what happens. Now, with the upcoming changes on how tariffs are applied we will basically revert to same ole same ole. And the competitive gap will return to it's norm. Tariffs will soon be applied to foreign goods same as sales tax is apllied to American products. On a domestically produced quote, sales tax only applies to material. Not Fab/Install/Labor. Currrently tariffs are applied to the full stated value. When it goes into effect, exporting companies/countries will re-write their invoices to separate material and labor lines like we do and the tariffs will be applied only to material value, not invoice amount. Thereby, greatly reducing applied tariffs and returning a large portion of the competitive gap back to them again. I.E., on that $178K inovice i quoted 10% tariff on, I will then only be applying tariff to maybe$60-70K of it.

As far as you cut and paste is the IF exporters to hte US reduce their price to keep the $100 the same. That may happen here and there depending on product, but it is in no way a full on practice, and the majority falls on the consumer in the end. The product i quote went up because they did not reduce their prices when the Cambodia tariff hit 18%. Any dissenting rhetoric from DC is just pipe dreams and gaslighting. We're talking real world, not what the Admin wanted them to do. If he had that much influence that he thinks he does gas prices wouldn't have gone up either.

 

[BigOrangeMojo]

Man I was there as a kid when Ford Sr was in charge. His funeral home got busted selling and financing expensive caskets to the black community then digging them up. He was re elected no problemo.

The Fords are con artists and crooks. Just wish those on the right would hold the same level of disgust for con artists like Ogles and the Harshbargers that they do for the Fords...

 

[rikberry31]

That's the theory of it. Not necessarily what happens. Now, with the upcoming changes on how tariffs are applied we will basically revert to same ole same ole. And the competitive gap will return to it's norm. Tariffs will soon be applied to foreign goods same as sales tax is apllied to American products. On a domestically produced quote, sales tax only applies to material. Not Fab/Install/Labor. Currrently tariffs are applied to the full stated value. When it goes into effect, exporting companies/countries will re-write their invoices to separate material and labor lines like we do and the tariffs will be applied only to material value, not invoice amount. Thereby, greatly reducing applied tariffs and returning a large portion of the competitive gap back to them again. I.E., on that $178K inovice i quoted 10% tariff on, I will then only be applying tariff to maybe$60-70K of it.

As far as you cut and paste is the IF exporters to hte US reduce their price to keep the $100 the same. That may happen here and there depending on product, but it is in no way a full on practice, and the majority falls on the consumer in the end. The product i quote went up because they did not reduce their prices when the Cambodia tariff hit 18%. Any dissenting rhetoric from DC is just pipe dreams and gaslighting. We're talking real world, not what the Admin wanted them to do. If he had that much influence that he thinks he does gas prices wouldn't have gone up either.

I agree with a lot of this. My point was that tariffs are not a straight up tax for consumers. The market and the commodity have the final say.

I believe that the government should return to getting its financing completely from tariffs, customs, and sales tax and eliminate income tax entirely. That would curb federal spend to more closely mirror the overall economy.

 

[rikberry31]

I don't get all the love for that racist prick.

All I can say for him is he is better than Al Gore which aint saying a lot. There are some things that Tennessee should be mocked for and it's not our hillbillies.

 

[BeardedVol]

I agree with a lot of this. My point was that tariffs are not a straight up tax for consumers. The market and the commodity have the final say.

I believe that the governments should return to getting its financing completely from tariffs, customs, and sales tax and eliminate income tax entirely. That would curb federal spend to more closely mirror the overall economy.

You should probably google "captive market".

 

[rikberry31]

Yes and another Ford was busted for similar about 10 years ago. We lived across the street from extended family the Peete’s in SE Memphis in 70s and 80s. Really nice people and had my first sweet potato pie at their house. Also met Tree Rollins as he was dating the Peetes daughter.
Ford family though as crooked as any politicians to ever exist. There was another Ford brother involved as well but can’t recall his name.
Memphis has always been volatile racially then you had the “white flight” with Germantown, Cordova, Collierville that’s now stretched out toe Eads. Dem Leaders there have never done a damn thing to help black people, but continue to get their votes for decades. Never made any sense to me.

I have always said that if Elvis were alive he would have moved out of Memphis, at least out of his neighborhood, a long time ago.

 

[rikberry31]

You should probably google "captive market".

I don't have to. But you always want a source. The U.S. has never been will it ever be a captive market. There can be small micro captive markets and it is possible to create one for a small time but it could never happen to the entire economy. Holding a patent is somewhat of creating a captive market for example or a monopoly for a while.

 

[GVF]

I agree with a lot of this. My point was that tariffs are not a straight up tax for consumers. The market and the commodity have the final say.

I believe that the government should return to getting its financing completely from tariffs, customs, and sales tax and eliminate income tax entirely. That would curb federal spend to more closely mirror the overall economy.

Agreed. They are not a stright up tax. But, the consumer will incur the cost via back door. That's the whole point. They'll polish it or put lipstick on it, but the consumer always bears the cost buried in somewhere. The tariffs ain't free to us.

 

[GVF]

I have always said that if Elvis were alive he would have moved out of Memphis, at least out of his neighborhood, a long time ago.

He is and he did.

 

[n_huffhines]

 

[W.TN.Orange Blood]

View attachment 830906

 

[SpaceCoastVol]

All I can say for him is he is better than Al Gore which aint saying a lot. There are some things that Tennessee should be mocked for and it's not our hillbillies.

If Yankees and leftists want to mock the Appalachian culture I'm good with it. Bibles, banjos and guns ain't going anywhere. I highly recommend they go to Atlanta if they want big city culture and all that goes with it. Have a blast down there.

As far as I am concerned, Tennessee is full.

 

[Rickyvol77]

The Fords are con artists and crooks. Just wish those on the right would hold the same level of disgust for con artists like Ogles and the Harshbargers that they do for the Fords...

Ogles is a crook too for sure

 

[Rickyvol77]

View attachment 830906

Not surprising that Gavin doesn't understand the law

 

[n_huffhines]

Except that it's already been pointed out to you, who is paying the tariffs.

Here it is again for you:

View attachment 830879

Buddy can't decipher that table

 

[appvol]

View attachment 830906

 

[Orangeburst]