Looks like you are not disagreeing with anything I actually said. In the event of redistribution, it definitely is also a tax on the foreign country.
So you too, think that none of this matters anyway because all trump is doing is playing to the crowd? Would have never guessed from what you wrote!
I have no interest or position on Trump’s future intent. His first term tariffs most definitely pulled some money away from China and diverted it to the US government and local producers (and also some to other foreign countries. So OP’s very first sentence is wrong because the tariffs definitely made China pay the US, which is exactly what a literal tax on China would’ve done.
First off, Americans are really dumb. You can blame the education system or the media, but not many people take economics classes and know how tariff works. When they trust a politician like Trump, they believe everything he says. They believed Trump could build a border wall and letting Mexico pay for it in 2016. The same American people believe tariffs is good for America and will bring prices down now.
Secondly, if you repeat a lie many times, people will start to believe it. This works in America which has a polarized environment. Democrats can push for gender ideology, and republicans can push for economic lies. Same tricks played by both sides of isle. You don’t have to be right, you just need to have the skin to say absurd things aloud, and make it appear true. If the lies can benefit the party, your allies will do the rest of work for you. America is in the battle of two alternative realities. Which side is closer to the truth is irrelevant in American politics.
Trump used tariffs his first term and was wildly successful...$2.00 gas...cheap groceries...no inflation. wage growtg for poor and middle class.....energy idipendence...no wars...no trouble from Kim, putin, Iran....Can't argue with success.
A tariff is a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages.
Yikes.
Five downvotes for the definition of tarrifs.
Good example of the dynamic going on here: Not comprehension and assessment: just reflexive party rubber stamp. The vote system here lost meaning for me months ago. I kind of like to see no votes at all. Either I was not understood at all--not necessarily from poor wording--or there was something keeping people from commiting an opinion. Not necessarily boredom or disinterest. Usually incomprehension.
This is how it works in your imagination, but it in no way guarantees local companies will increase revenues. Sourcing goes to the next cheapest competitors, which can be and are often just imported from different countries than the primary exporter. US tariffs do not limit consumers and corporations to buying only from other US corporations.
Looks like you are not disagreeing with anything I actually said. In the event of switching to a different foreign country, it definitely also is a tax on the first foreign country.
No idea how you got the crazy idea that we are not disagreeing. Doing less commerce with a foreign country hurts the other country but it is not a tax on that country.
Also, tariffs at home lead to retaliatory tariffs abroad. Look at how US corporations exports have been harmed by new tariffs in response to US tariffs. There is no financial advantagebuying products from the US when the same products are now cheaper to buy from Europe.
Looks like you are not disagreeing with anything I actually said. In the event of switching to a different foreign country, it definitely also is a tax on the first foreign country.
No idea how you got the crazy idea that we are not disagreeing. Doing less commerce with a foreign country hurts the other country but it is not a tax on that country.
No idea how you got the crazy idea that we are not disagreeing. Doing less commerce with a foreign country hurts the other country but it is not a tax on that country.
As I said before, tomato/tomahto.
You're living in make-believe with you comments though. We are not living in a cartoon. This is not the WWE. It's not tomato/tomatoe. It's apples and oranges.
A tariff is a tax, a duty collected by customs when products are imported from foreign countries. Money changes hands, the money goes to a Gov'ts budget. The corp that imports the goods pays the tax and that additional cost is passed on to the you, the American consumer.
Sales tax (which, in addition to a tax on foreign countries, are essentially what tariffs are) are the second most ethical tax, sandwiched between poll taxes and flat income taxes.
Since the U.S. is not a global economic zone, but a specific nation for a specific people, tariffs make a ton of sense. I am not a huge fan of the man for his tendency to enable and advocate for Leftism, but if Trump were to both aggressively replace income taxes with tariffs and expel illegals and other invaders, then they would need to start making some more space alongside Mount Rushmore
You're living in make-believe with you comments though. We are not living in a cartoon. This is not the WWE. It's not tomato/tomatoe. It's apples and oranges.
A tariff is a tax, a duty collected by customs when products are imported from foreign countries. Money changes hands, the money goes to a Gov'ts budget. The corp that imports the goods pays the tax and that additional cost is passed on to the you, the American consumer.
Your reading comprehension stupidity is not my problem or worth my time. I’ve explained myself clearly and stand by it. Basic economics isn’t a matter of opinion.
You're living in make-believe with you comments though. We are not living in a cartoon. This is not the WWE. It's not tomato/tomatoe. It's apples and oranges.
A tariff is a tax, a duty collected by customs when products are imported from foreign countries. Money changes hands, the money goes to a Gov'ts budget. The corp that imports the goods pays the tax and that additional cost is passed on to the you, the American consumer.
Your reading comprehension stupidity is not my problem or worth my time. I’ve explained myself clearly and stand by it. Basic economics isn’t a matter of opinion.
You want to convince me (no idea why) your definition of taxing a foreign country, and making a foreign country pay - is not doing commerce with a foreign country. And now your feelings are hurt. LOL. Incredible.
Other countries fear Americans imposing or raising tariffs because it reduces their access to American markets by making them less competitive. A great many countries are reliant on access to the American market for the health and success of their economy.
So by threatening to raise tariffs Trump is able to use it as a huge chip in negotiating trade deals and other things we want the countries to do.
Trump is a master negotiator, even his business enemies and competitors admit that. Trump is very smart to use tariffs as a big chip in negotiating. When or how much he actually changes or increases tariffs remains to be seen but making other countries believe he will is a brilliant move and gives him (and thus the U.S.) major leverage and chips from which to negotiate.
We tried, but millions of experts from Red State America decided they knew better than Nobel prize winning economists.
Credentialism has been dead for decades now. To be taken seriously, you need to actually:
a. create things b. show that your weighted average predictive ability (the exclusive determinant of success in scientific disciplines) is better than alternatives.
In a 1998 article about the pitfalls of making predictions about technological progress, the Nobel Prize-winning economist questioned the future role of the Internet.
Your reading comprehension stupidity is not my problem or worth my time. I’ve explained myself clearly and stand by it. Basic economics isn’t a matter of opinion.
You want to convince me (no idea why) your definition of taxing a foreign country, and making a foreign country pay - is not doing commerce with a foreign country. And now your feelings are hurt. LOL. Incredible.
Your reading comprehension stupidity is not my problem or worth my time. I’ve explained myself clearly and stand by it. Basic economics isn’t a matter of opinion.
cheaper than buying Chinese steel. This will encourage the growth of US companies and give Americans meaningful jobs that will help communities where manufacturing jobs have disappeared. This reduces poverty in areas such as the rust belt where there are no jobs and people are just rotting away with homelessness and fentanyl.
Lol? That is not how it works. The price goes up by about whatever % the tariffs are.
Making the statement that we don't disagree is not correct. We are not saying the same thing. You also make up your own definition of words. Tomato/tomahto? Ok junior.
You want to convince me (no idea why) your definition of taxing a foreign country, and making a foreign country pay - is not doing commerce with a foreign country. And now your feelings are hurt. LOL. Incredible.
Your reading comprehension stupidity is not my problem or worth my time. I’ve explained myself clearly and stand by it. Basic economics isn’t a matter of opinion.
Making the statement that we don't disagree is not correct. We are not saying the same thing. You also make up your own definition of words. Tomato/tomahto? Ok junior.
Your reading comprehension stupidity is not my problem or worth my time. I’ve explained myself clearly and stand by it. Basic economics isn’t a matter of opinion.
Making the statement that we don't disagree is not correct. We are not saying the same thing. You also make up your own definition of words. Tomato/tomahto? Ok junior.
Your reading comprehension stupidity is not my problem or worth my time. I’ve explained myself clearly and stand by it. Basic economics isn’t a matter of opinion.
Trump used tariffs his first term and was wildly successful...$2.00 gas...cheap groceries...no inflation. wage growtg for poor and middle class.....energy idipendence...no wars...no trouble from Kim, putin, Iran....Can't argue with success.
Gas: was lower under Obama when T took over…until the COVID mismanagment
wage: see economic/job growth from 2009-2016 when T took over…it was already happening
energy independence: we produce more petroleum now more than ever in U.S. history.
no wars: he dropped a lot of bombs during presidency you see to forget
cheap groceries…again COVID.
Tariffs on Chinese agriculture.: we needed to bail out farmers with $30billion in subsidies.
I love hearing that tariffs will make things cheaper here. Like why do you think companies loved production overseas???? It was cheaper! So how does producing it for a higher cost here make it cheaper for the consumer? Educated me
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