U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-08-2019, 12:59 PM
 
Location: St Paul
7,542 posts, read 3,563,381 times
Reputation: 4759

Advertisements

I continue to see posters claiming the tariffs on China are being paid by the US consumer & wanted to put that fallacy to bed. The data shows that is not the case at all and in fact prices on imports from China have dropped since the tariffs were enacted. You can argue farmers have been impacted (they have), or that prices on some specific items may have gone up (they have), but the gloom & doom predictions by the corporate, financial pundits that the US consumer would pay the tariffs in the form of higher prices, is plainly incorrect.

"Imports by Locality of Origin: The price index for imports from China edged down 0.1 percent in May following a 0.2-percent drop the previous month. Import prices from China have not recorded a monthly advance since the index rose 0.1 percent in May 2018. Prices for imports from China declined 1.4 percent over the past year, the largest 12-month drop since a 1.6-percent decrease in February 2017."

https://www.bls.gov/news.release/ximpim.nr0.htm
Reply With Quote Quick reply to this message

 
Old 08-08-2019, 01:01 PM
 
Location: Boston
8,216 posts, read 2,388,824 times
Reputation: 5854
Quote:
Originally Posted by Mason3000 View Post
I continue to see posters claiming the tariffs on China are being paid by the US consumer & wanted to put that fallacy to bed. The data shows that is not the case at all and in fact prices on imports from China have dropped since the tariffs were enacted. You can argue farmers have been impacted (they have), or that prices on some specific items may have gone up (they have), but the gloom & doom predictions by the corporate, financial pundits that the US consumer would pay the tariffs in the form of higher prices, is plainly incorrect.

"Imports by Locality of Origin: The price index for imports from China edged down 0.1 percent in May following a 0.2-percent drop the previous month. Import prices from China have not recorded a monthly advance since the index rose 0.1 percent in May 2018. Prices for imports from China declined 1.4 percent over the past year, the largest 12-month drop since a 1.6-percent decrease in February 2017."

https://www.bls.gov/news.release/ximpim.nr0.htm
drama queens create drama
Reply With Quote Quick reply to this message
 
Old 08-08-2019, 01:13 PM
 
15,850 posts, read 4,194,571 times
Reputation: 11306
Don't be silly. Of course the consumer will pay.

It will take a while as many contracts are still in force and very few tariffs have actually been paid. When I was in bi I often sold product for a year or two at the lower prices because I already had it in the warehouse....

If any of this becomes normalized the consumer will pay. But in many cases the companies just skirt the tariffs...there are plenty of ways to do so.

Repeat your conclusion once we have a year AFTER all the extra 40 Billion in tariffs are collected. Of course, if the economy continues to be weak goods will be cheaper even if companies have to lose money on them.....corporations don't just fold when they have to lose money.

But that money will ALSO be paid by us...in the forms of lower stock prices and lower dividends and fewer jobs on this end of the equation (imported stuff creates a lot of jobs as it works through the economy).
Reply With Quote Quick reply to this message
 
Old 08-08-2019, 01:13 PM
 
40,242 posts, read 24,493,196 times
Reputation: 12731
Quote:
Originally Posted by Mason3000 View Post
I continue to see posters claiming the tariffs on China are being paid by the US consumer & wanted to put that fallacy to bed. The data shows that is not the case at all and in fact prices on imports from China have dropped since the tariffs were enacted. You can argue farmers have been impacted (they have), or that prices on some specific items may have gone up (they have), but the gloom & doom predictions by the corporate, financial pundits that the US consumer would pay the tariffs in the form of higher prices, is plainly incorrect.

"Imports by Locality of Origin: The price index for imports from China edged down 0.1 percent in May following a 0.2-percent drop the previous month. Import prices from China have not recorded a monthly advance since the index rose 0.1 percent in May 2018. Prices for imports from China declined 1.4 percent over the past year, the largest 12-month drop since a 1.6-percent decrease in February 2017."

https://www.bls.gov/news.release/ximpim.nr0.htm
The price index tells us that China charged American importers less for goods???

But since China isn't the party paying the tariffs, the American importers are the ones paying the tariffs, then this isn't really telling us much, is it? Those importers are paying the tariffs, and they are either eating those costs, or passing them on to consumers. If they are eating them, they will only do so for a short while. And then they will pass them on to consumers. The previous rounds of tariffs' impact on consumers were muted, because the tariffs were focused on items that went to manufacturers and other suppliers or larger-ticket items like major appliances, the proposed upcoming round of tariffs are on items that consumers purchase directly (toys, smartphones, etc), and consumers will pay more.
Reply With Quote Quick reply to this message
 
Old 08-08-2019, 01:31 PM
 
Location: St Paul
7,542 posts, read 3,563,381 times
Reputation: 4759
Quote:
Originally Posted by craigiri View Post
Don't be silly. Of course the consumer will pay.

It will take a while as many contracts are still in force and very few tariffs have actually been paid. When I was in bi I often sold product for a year or two at the lower prices because I already had it in the warehouse....

If any of this becomes normalized the consumer will pay. But in many cases the companies just skirt the tariffs...there are plenty of ways to do so.

Repeat your conclusion once we have a year AFTER all the extra 40 Billion in tariffs are collected. Of course, if the economy continues to be weak goods will be cheaper even if companies have to lose money on them.....corporations don't just fold when they have to lose money.

But that money will ALSO be paid by us...in the forms of lower stock prices and lower dividends and fewer jobs on this end of the equation (imported stuff creates a lot of jobs as it works through the economy).
Economy continues to be weak?
Reply With Quote Quick reply to this message
 
Old 08-08-2019, 01:32 PM
 
851 posts, read 501,634 times
Reputation: 778
Who's paying it then the tariff fairy? You Republicans and your "fake news" you keep spreading while denying real news as fake is funny anymore
Reply With Quote Quick reply to this message
 
Old 08-08-2019, 01:33 PM
 
Location: St Paul
7,542 posts, read 3,563,381 times
Reputation: 4759
Quote:
Originally Posted by DC at the Ridge View Post
The price index tells us that China charged American importers less for goods???

But since China isn't the party paying the tariffs, the American importers are the ones paying the tariffs, then this isn't really telling us much, is it? Those importers are paying the tariffs, and they are either eating those costs, or passing them on to consumers. If they are eating them, they will only do so for a short while. And then they will pass them on to consumers. The previous rounds of tariffs' impact on consumers were muted, because the tariffs were focused on items that went to manufacturers and other suppliers or larger-ticket items like major appliances, the proposed upcoming round of tariffs are on items that consumers purchase directly (toys, smartphones, etc), and consumers will pay more.
No. No they're not. The price of Chinese imports was lower after a year of tariffs. The American importers are NOT paying the tariffs, and they are not eating the loss, nor passing the cost on to consumers.
Reply With Quote Quick reply to this message
 
Old 08-08-2019, 01:34 PM
 
17,416 posts, read 8,786,797 times
Reputation: 10016
I haven’t noticed a thing, other than the fear tactics being spewed from fake stream evening news.
Reply With Quote Quick reply to this message
 
Old 08-08-2019, 01:36 PM
 
Location: St Paul
7,542 posts, read 3,563,381 times
Reputation: 4759
Quote:
Originally Posted by jbtornado View Post
Who's paying it then the tariff fairy? You Republicans and your "fake news" you keep spreading while denying real news as fake is funny anymore
- The Chinese worker us paying them via devalued Chinese currency.

- "Fake News"? It's that actual data from the Dept of Labor Statistics you ding-dong!
Reply With Quote Quick reply to this message
 
Old 08-08-2019, 01:38 PM
 
Location: Scottsdale, AZ
14,939 posts, read 12,386,360 times
Reputation: 26545
Hardly anyone is going to notice. As long as people have internet and their crappy $10 Starbucks coffee, life is good.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top