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Old 05-12-2019, 10:59 AM
 
Location: Aurora Denveralis
7,098 posts, read 2,465,819 times
Reputation: 10995

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  • TARIFFS are
  • TAXES paid by
  • US CITIZENS to
  • THE US GOVERNMENT.

Class dismissed. Mr. Trump, could you put down your phone and see me a minute?

 
Old 05-12-2019, 11:04 AM
 
69,989 posts, read 70,534,675 times
Reputation: 47622
For someone supposed to be a businessman this is elementary stuff ... the importer pays the tariff not China and they pass it on to us ...... China may take a gdp hit because as consumers we will not buy stuff from China with a surcharge .....but and and a big but ,,,other countries are no fools . if they can raise their prices on competitive goods because the Chinese competition is now higher they will ....ultimately it is the American consumer who ends up paying more
 
Old 05-12-2019, 11:09 AM
 
Location: Aurora Denveralis
7,098 posts, read 2,465,819 times
Reputation: 10995
Yes, it's funny how many vehement anti-tax types are all rah-rah for tariffs... "to put China in its place."
 
Old 05-12-2019, 11:13 AM
 
69,989 posts, read 70,534,675 times
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The company I work for was going to buy a pump manufacturer that was failing .... they cancelled the deal because there is a 25% price increase on the pump castings coming in ...around 50 American workers will be out of work when they close the doors in a week or so.

The owner won’t buy the company with a cloud over it like theses tariffs and so the manufacturer ran out of time
 
Old 05-12-2019, 11:17 AM
 
1,030 posts, read 455,085 times
Reputation: 693
Trump actually understands this but he wants to punish his supporters for being stupid. Anger frustration passed onto American public is actually unfair. Making an inflation and bringing down stock market are all unnecessary.
 
Old 05-12-2019, 11:20 AM
 
69,989 posts, read 70,534,675 times
Reputation: 47622
We likely won’t have inflation as much as a slow down .... Americans will spend more money for X and Y will suffer ... we would all need enough money to buy both X and Y not x or Y for any meaningful inflation to happen
 
Old 05-12-2019, 11:29 AM
 
11,646 posts, read 21,193,061 times
Reputation: 11149
Tariffs used to compromise 90% of government tax revenue, that was how the US government was run before there was an income tax. Now something like 1% of revenue is from tariffs. Somehow we managed growth and economic expansion with that setup.

The intent of Trump's tariffs is to artificially limit imports from China to get them to cry uncle and open up their markets to our companies. They agreed until at the last minute said actually no we don't agree and hence the additional tariff increases.

Trump has stated repeatedly that in his ideal world there would be no tariffs nor any hindering of companies doing business in any other.

If as a side benefit companies start moving production out of China and weakening their ability to advance technologically that is also a good thing.
 
Old 05-12-2019, 11:34 AM
Status: "Re-edit status" (set 23 days ago)
 
Location: Was Midvalley Oregon; Now Eastside Seattle area
3,817 posts, read 1,758,252 times
Reputation: 2900
Taxation without representation!
 
Old 05-12-2019, 11:41 AM
 
4,980 posts, read 5,017,610 times
Reputation: 6306
Quote:
Originally Posted by wheelsup View Post
Tariffs used to compromise 90% of government tax revenue, that was how the US government was run before there was an income tax. Now something like 1% of revenue is from tariffs. Somehow we managed growth and economic expansion with that setup.

The intent of Trump's tariffs is to artificially limit imports from China to get them to cry uncle and open up their markets to our companies. They agreed until at the last minute said actually no we don't agree and hence the additional tariff increases.

Trump has stated repeatedly that in his ideal world there would be no tariffs nor any hindering of companies doing business in any other.

If as a side benefit companies start moving production out of China and weakening their ability to advance technologically that is also a good thing.
25% will not cut it for that purpose, 25% tariff is just a tax that will push many trump voters in double wides over the financial edge without giving them anything. Cheap colonial goods from China etc. is a survival necessity for many at this point.
 
Old 05-12-2019, 12:55 PM
 
Location: Aurora Denveralis
7,098 posts, read 2,465,819 times
Reputation: 10995
Quote:
Originally Posted by RememberMee View Post
Cheap colonial goods from China etc. is a survival necessity for many at this point.
Well, you can put it that way, but it goes way beyond fake tupperware and cheap shirts. We've spent 30 years building a global economy; even if you somehow disagree with that approach, you can't arbitrarily slam the doors and pretend it's 1955 all of a sudden.

A lesson both the US and UK seem hell-bent on failing.
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