Everyone but the Democrats know they are a negotiating tactic.
From the last time Trump lost a trade war. F*ck the welfare Red States.
The Trump administration announced Tuesday it will provide $12 billion in emergency relief to ease the pain of American farmers slammed by President Donald Trump’s escalating trade disputes with China and other countries.
In 2018 and ’19, Trump authorized payments to U.S. farmers of $28 billion to offset their losses from Chinese trade retaliation. This year, with farmers struggling under the twin crises of the trade war and the pandemic, bailouts have soared way higher. Trump promised angry farmers another $19 billion in April and $14 billion in September—bringing his bailouts to a grand total of $61 billion. He has pledged to continue these bailouts until the trade war ends.
I don't know how anyone thinks the Tariffs are a good idea. Actually, the Trump supporting base are poor and uneducated so they probably don't care about the markets.
The reason Trump is imposing tariffs on products from other countries is that when he lies that they are taxes paid BY the other countries, tons of people believe him. They then consider him a winner.
I can't stress this enough: SO. MANY. PEOPLE. still believe that tariffs are a tax that you can charge to other countries. These are people that don't fact-check, because they don't care that much. They see some headlines, they hear this or that from their neighbor; they think Trump is charging taxes to other countries, that he's bringing money into the US. They created the "External Revenue Service" to bolster this lie. That's it. That's the whole answer to why these tariffs are happening.
Actually the opposite. Democrats taking office are like the adults entering the room and finding that the Republicans have smeared their fecal matter all over the place. Metaphor for US economy. So, the Democrats get to cleaning it up and while doing so the Republicans sneer at them and say, "see, this is your fault." Every time we have a republican govt in power, chaos reigns within a few years of the term. Bush recession of 2008, Trump Covid response and inflation. Every time the Democrats have to go in and clean it up and deal with the aftermath stench left behind. And on top of it, they get blamed for it!! It's ridiculous. Watch. We will, again, go into a recession because of Republicans. They can't help themselves. It's like they don't understand how a functioning economy works. Or, worse, they are doing it deliberately.
You're just making stuff up. They have exactly the same returns.
Bingo.
AdultInTheRoom is just a troll tasked with generating site traffic and promting responses by posting antagonistic inflammatory nonsense and things which are obviously wrong, lies, or misinformation.
12 hours has to be a record for Trump realizing his epic ideas are actually dumb
I'm not sure if he cares if his ideas are good, so long as he can hear enough people telling him how great and smart he is, enough to keep the insecurity at bay some more...
I really am not sure he cares about consistency any more than he cares about facts or ethics or any of those abstract ideas that really don't have anything to do with feeding praise to his suffering ego.
Tariffs are a fee paid by the importer, usually the company shipping these goods to the US.
The importer typically raises prices to offset the tariff. The increase is passed on to the retailer who passes it on to the consumer.
In a static system, if the tariff is $40, the consumer pays $40 more. However, world markets are NOT static. They are dynamic.
In the real world, the importer initially has a price advantage. The immediate effect of tariffs is to take away that price advantage. The importer must reduce prices to remain competitive. So, part of the tariff is paid by the importer. Unfortunately, domestic producers know this and increase their prices. The result is inflation. But, and this is important, the inflation is only for the imported goods that have been tariffed so the effect on overall US inflation is much less.
Worse for other country, reducing production is extremely disruptive for their importers. Company profits fall. Their stock prices fall. Workers are laid off. Tax revenue to the government from companies and workers is greatly reduced.
Now, here is the point that both sides of the debate seem to be missing. Tariffs are like Power Slap, the competition where two competitors take turns slapping each other. In Power Slap, the winner is the last competitor standing. When one side is way bigger and stronger than the other, the smart opponent concedes before the first slap is landed.
That's what we're seeing here. Trump is using the threat of tariffs to get other countries to change their economic policies towards the US. And... to get companies to relocate their manufacturing plants to the US. The US doesn't have to actually implement the tariffs... or not for very long. Or, the US can modify the tariffs as a concession to get the changes the US wants from the foreign nation.
Yes, it's likely that tariffs will cause a blip in consumer prices for some goods. However, there's a long-term strategy to lessen the US's dependency on these imports. In Canada's case, that's oil, natural gas, and auto parts.
Any Red State Ret@rds out there want a Vapor Condo?
Trump's failed Baja condo resort left buyers feeling betrayed and angry - Los Angeles Times
Buy it while U still have any credit it all & pay it off at 23% interest very soon. This is what Trump Prosperity has ALWAYS looked like from the chump side.
Tariffs are a fee paid by the importer, usually the company shipping these goods to the US.
The importer typically raises prices to offset the tariff. The increase is passed on to the retailer who passes it on to the consumer.
In a static system, if the tariff is $40, the consumer pays $40 more. However, world markets are NOT static. They are dynamic.
In the real world, the importer initially has a price advantage. The immediate effect of tariffs is to take away that price advantage. The importer must reduce prices to remain competitive. So, part of the tariff is paid by the importer. Unfortunately, domestic producers know this and increase their prices. The result is inflation. But, and this is important, the inflation is only for the imported goods that have been tariffed so the effect on overall US inflation is much less.
Worse for other country, reducing production is extremely disruptive for their importers. Company profits fall. Their stock prices fall. Workers are laid off. Tax revenue to the government from companies and workers is greatly reduced.
Now, here is the point that both sides of the debate seem to be missing. Tariffs are like Power Slap, the competition where two competitors take turns slapping each other. In Power Slap, the winner is the last competitor standing. When one side is way bigger and stronger than the other, the smart opponent concedes before the first slap is landed.
That's what we're seeing here. Trump is using the threat of tariffs to get other countries to change their economic policies towards the US. And... to get companies to relocate their manufacturing plants to the US. The US doesn't have to actually implement the tariffs... or not for very long. Or, the US can modify the tariffs as a concession to get the changes the US wants from the foreign nation.
Yes, it's likely that tariffs will cause a blip in consumer prices for some goods. However, there's a long-term strategy to lessen the US's dependency on these imports. In Canada's case, that's oil, natural gas, and auto parts.
Couple of problems with your diatribe.
-Canada’s energy sector can’t relocate to the US.
-Mexico’s agriculture sector can’t relocate to the US.
Those products can’t be replaced domestically. Demand for those products isn’t going to shrink.
Any Red State Ret@rds out there want a Vapor Condo?
Trump's failed Baja condo resort left buyers feeling betrayed and angry - Los Angeles Times
Buy it while U still have any credit it all & pay it off at 23% interest very soon. This is what Trump Prosperity has ALWAYS looked like from the chump side.
Dude, we stopped using that word like 20 years ago.
