are tariffs a good idea?

Then we can start war on other nations so they must lower their counter tariffs and trade with us again. Win win.

Wow I can’t believe the US invented trade in 1776

Trump promised he would lower prices.

I hope the tariffs help with that.

If he doesn’t deliver on his promises he’s a failure.

Wow I can't believe you don't know about the post WW2 global order.

Serious question for freetrade lovers: Why are you worried about other nations enacting counter-tariffs? If your theory is true that tariffs are bad, other nations would have no incentive to place tariffs on our exports.

Some of us just want cheaper groceries. Will tariffs accomplish that?

Not sure about tariffs. But mass deportation should help transition the labor force in agriculture to more Americans. The produce picked by Americans, with DEI and $50 minimum wage, would be more nutritious. Even inflation stays the same, consumers must be willing to pay more for it if they are true patriots.

American fatties still moaning about groceries. I have a solution - buy less, eat less.

Tarriffs are taxes. Now, if you want to avoid them by consuming less, so be it but the US economy is based on consumption. This country just doesn’t produce enough goods to offset the possible loss on consumption of foreign-based goods.

Here’s a good article that seems monpartisan even tho the org is generally right-leaning.

taxfoundation.org

Tariff Tracker: Tracking the Economic Impact of Tariffs

Kyle Hulehan

The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products in 2018 and 2019, amounting to one of the largest tax increases in decades. The Biden administrat...

Open link

Call tariffs by another name, TAXES, and what do you think? They are taxes placed by the government on goods. The Chinese or other country seller isn't the one paying the tariffs, the buyer, the US consumer is paying them. And the money goes into government coffers. So the money comes out of US consumers' pockets and goes to the US federal government. Tariffs are T A X E S.

The threat of tariffs is a good idea.

Your question is like asking, "is a sword a good idea? Someone else with a sword might stab you."

Well guess what, many other countries have tariffs that have contributed to killing off USA manufacturing. We let them get away with it. We could have countered the threat and stopped it, like a sensible country, but the Democrat globalists preferred to get even richer by moving their investments overseas.

That's all. Go find out.

That is a good question actually. The income tax is bad for consumers. Do all you tariff-haters believe we should abolish the income tax?

I think we need taxes and imports are a good thing to tax, since part of the tariff is absorbed by the producer. We used to fund the entire government that way and had zero income tax.

No, he isn't talking about reducing income taxes and using tariffs to compensate for reduced income taxes. Tariff are an additional tax beyond what we are already paying. I agree the government needs to collect taxes. If Trump wants to change the balance of where those taxes come from, that's another discussion. But tariffs, as they have been proposed are just additional taxes.

There's only so much a producer will absorb by lowering their prices. They still want to make money, so massive tariffs would be mostly paid for by the American consumer. Especially if you are talking about most consumer goods in the US, where there isn't an obvious market-share increase/then increase prices later motivation. Other countries already have almost all the market share for general consumer goods you find at stores.

Oh dear. Invisible hand be damned.

The same clowns who scream that tariffs will raise prices and cause inflation will tell you with a straight face that raising corporate taxes won't do the same thing.

Import tariffs are essentially a sales tax.

The more of your income you spend, the more you'll be affected by tariffs.

If you're wealthy enough to only spend a fraction of your income, tariffs won't affect you much.

Well, how did Trump's corporate tax cuts work out for us? There weren't any price reductions when that happened. (Name any segment that went down if you can!) The companies just pocketed the money. Basically the corporations will do whatever they can find an excuse to do so not passing on money saved from tax cuts to consumers, but also probably jacking up prices if corporate taxes are raised. But I wouldn't feel bad about raising them back to where they were just to not be running a much larger, continual deficit in the government budget that those Trump corporate tax costs caused. Don't conservatives care about a balanced budget anymore?

Global trade exists without the US navy, there would just be piracy. Britain, France, Australia, etc do some of the patrolling as well. So it would be business as usual for those who depend on them for protection and only the US and countries that depend on its navy would be hurt.

Well, would you like to pay 30-40% more for your running shoes? If yes, be happy for the New Orange revolution!