Welcome to City-Data.com Forum!
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)
 
Old 03-08-2018, 10:23 AM
 
22,768 posts, read 30,645,513 times
Reputation: 14737

Advertisements

Quote:
Originally Posted by WaldoKitty View Post
How do you know that it will cost us more?
Because it's a tariff, and that's how they work.

Quote:

https://www.investopedia.com/terms/t/tariff.asp

BREAKING DOWN 'Tariff'
Tariffs are used to restrict imports by increasing the price of goods and services purchased from overseas and making them less attractive to consumers. A specific tariff is levied as a fixed fee based on the type of item, for example, $1,000 on any car. An ad-valorem tariff is levied based on the item's value, for example, 10% of the car's value.

Governments may impose tariffs to raise revenue or to protect domestic industries – particularly nascent ones – from foreign competition. By making foreign-produced goods more expensive, tariffs can make domestic-produced ones more attractive. By protecting these industries, governments can also protect jobs. Tariffs can also be used as an extension of foreign policy: imposing tariffs on a trading partner's main exports is a way to exert economic leverage.

Tariffs can have unintended side-effects, however. They can make domestic industries less efficient by reducing competition. They can hurt domestic consumers, since a lack of competition tends to push up prices. They can generate tensions by favoring certain industries over others, as well as certain regions over others: tariffs designed to benefit manufacturers in cities may hurt consumers in rural areas, who do not benefit from the policy and are likely to pay more for manufactured goods. Finally, an attempt to pressure a rival country using tariffs can devolve into an unproductive cycle of retaliation, known as a trade war.
Reply With Quote Quick reply to this message

 
Old 03-08-2018, 10:26 AM
 
52,433 posts, read 26,445,150 times
Reputation: 21093
Quote:
Originally Posted by le roi View Post
Because it's a tariff, and that's how they work.
The tariff does not apply to domestically produced steel.

Maybe you did not realize this.
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 10:28 AM
 
Location: Home, Home on the Front Range
25,826 posts, read 20,629,326 times
Reputation: 14818
Quote:
Originally Posted by LauraC View Post
320 new jobs in Athens TN - automotive supplies. This on top of 1,000 new jobs in Maryville, Tennessee - fuel pumps and gasoline injectors.

Quote:
Originally Posted by vacoder View Post
You are talking about Denso correct? Their big Tn presence started in 2014. How did they know Trump was going to be elected before he actually ran?

https://automotivelogistics.media/ne...expansion-plan
Quote:
Originally Posted by vacoder View Post
Yes. It is Denso. I linked an article showing their big North American expansion started in 2014 (planned 1 Billion). They have 18,000 employees in U.S., Canada and Mexico.

So hurray Obama right?

Quote:
Originally Posted by WaldoKitty View Post
Nope. They specifically cited the tariff as reason for the expansion. Why do you ignore that?
Did they? Where?
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 10:29 AM
 
Location: Kansas City, MISSOURI
20,747 posts, read 9,382,883 times
Reputation: 15499
Quote:
Originally Posted by WaldoKitty View Post
The tariff does not apply to domestically produced steel.

Maybe you did not realize this.
Maybe you did not realize ... if your competitor's prices go up, you also can raise your prices. And you almost certainly will, because you can. After all, you are in business to maximize profits, and if you are given an opportunity to do so, such as through raising prices, you will.

Economics 101.
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 10:29 AM
 
13,675 posts, read 8,962,677 times
Reputation: 10385
Quote:
Originally Posted by WaldoKitty View Post
The tariff does not apply to domestically produced steel.

Maybe you did not realize this.
Well, the post that you are responding to clearly states (citing a publication) that locally produced steel, if not subject to overseas competition, will rise in cost. Less competition, the higher the price the manufacturer can charge.
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 10:30 AM
 
52,433 posts, read 26,445,150 times
Reputation: 21093
Quote:
Originally Posted by TigerLily24 View Post
Did they? Where?
Right in the OP and the second post in this topic.

Maybe you should read them.
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 10:34 AM
 
Location: Kansas City, MISSOURI
20,747 posts, read 9,382,883 times
Reputation: 15499
Quote:
Originally Posted by WaldoKitty View Post
Right in the OP and the second post in this topic.

Maybe you should read them.
The Denso expansion was not the OP's topic, nor in the 2nd post. Those were your own posts. Did you not read them?
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 10:35 AM
 
Location: Long Island
8,840 posts, read 4,783,088 times
Reputation: 6479
Quote:
Originally Posted by legalsea View Post
Well, the post that you are responding to clearly states (citing a publication) that locally produced steel, if not subject to overseas competition, will rise in cost. Less competition, the higher the price the manufacturer can charge.
It's like banging your head against a wall, isn't it?
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 10:36 AM
 
Location: Kansas City, MISSOURI
20,747 posts, read 9,382,883 times
Reputation: 15499
For reference, since some people here do not seem to understand Economics 101.
Quote:
Originally Posted by James Bond 007 View Post
Reply With Quote Quick reply to this message
 
Old 03-08-2018, 10:36 AM
 
22,768 posts, read 30,645,513 times
Reputation: 14737
Quote:
Originally Posted by WaldoKitty View Post
The tariff does not apply to domestically produced steel.
that was part of the text I just posted.


Quote:
Originally Posted by WaldoKitty View Post
Maybe you did not realize this.
Maybe you're just spewing nonsense?
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
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

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

All times are GMT -6.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - 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, 36, 37 - Top