PostmodernProphet
fully immersed in faith..
are we subsidizing you?......
Trump Administration to Announce Plan to Shield Farmers From Trade War
- Thread starter anatta
- Start date
are we subsidizing you?......
GDP increases with more american consumers purchasing domestic products. Allowing foreign markets to undercut domestic markets may lead to lower prices for consumers, but at a cost to government coffers. If the tariff is designed to offset the difference, it's a wash. Nobody wins in a trade war, but we certainly lose when we allow global markets to unfairly compete.
Both situations suck, but you only seem to be able to see one of them. Do you understand the hidden costs of what you support?
Trade wars don't cause that to happen. When you raise tariffs, those importers don't stop importing from their overseas suppliers in favor of domestic production; they just raise prices.
If you raise prices, consumption decreases. So when you raise tariffs, those end up raising prices, which ends up reducing consumption.
No one wins a trade war.
We are not losing now, and what's making global markets more unfairly competitive isn't trade policy; it's wages.
Raising tariffs on Chinese imports doesn't cause a plant in China to suddenly start paying its employees more. In fact, it would cause them to pay their employees less.
Do you!?!?!
Presumably the tariff would be designed to allow domestic alternatives to be a better buy. If the importers can't undercut the domestic market, they better have a superior product. You seem to only see half of the equation at any given time.
Domestic distributors will just increase their prices too. They won't step up to fill a void that would presumably be left by a reduction of imports. Instead, imports would continue and everyone will just raise their prices. There's no incentive for distributors to switch their supply chain because everyone will raise their prices. Imports won't stop overnight; they might not even slow. No business will be risk-averse enough to break their supply chain and create a new one with untested or smaller suppliers. It would also entail domestic suppliers to increase production, which comes with additional costs (that will be passe don to consumers, of course) for what is really a theoretical reward.
The domestic market will increase their prices too.
It's not about the product for importers, it's about the supply chain. Breaking a supply chain isn't as easy as switching on or off a light. You have to create a brand new supply chain, and that supply chain needs to have manufacturers who can not only consistently deliver on the output they already make, but the increased output to fill this nebulous demand. To increase the output, they have to take on additional cost and risk. To whom do you think that additional cost and risk are passed? Consumers, of course.
Fentoine Lum
Verified User
Ask Harley-Davison, Don ran at least some production to Europe already.
12 Million Dip in The Tax Payers Pocket ....
So is Donny ready to admit he Fucked Up
12 BILLION. Billion. Gee, I wonder where they're going to get that $$ from? Hint: It won't be from cutting back on the bloated defense budget.
Keep in mind as well that $12B is a drop in the bucket compared to farm product exports:
"Here's a breakdown of the biggest U.S. export industries in 2017, according to the U.S. Commerce Department.
Food, beverage and feed: $133 billion. Soybeans were the number one product in this category, with sales of $22 billion, followed by meat and poultry at $18 billion. "
Source: https://money.cnn.com/2018/03/07/news/economy/top-us-exports/index.html
"Here's a breakdown of the biggest U.S. export industries in 2017, according to the U.S. Commerce Department.
Food, beverage and feed: $133 billion. Soybeans were the number one product in this category, with sales of $22 billion, followed by meat and poultry at $18 billion. "
Source: https://money.cnn.com/2018/03/07/news/economy/top-us-exports/index.html
nope. democratic socialism is still central planning.
https://www.dsausa.org/what_is_democratic_socialism
"Democratic socialists believe that both the economy and society should be run democratically—to meet public needs, not to make profits for a few."
You have a very poor understanding of the issue. Domestic producers can't make their products as cheaply as china due to higher labor costs and more stringent regulation. The tariff allows domestic producers to have the cheaper option domestically. You seem to think they would then want to raise their price so they could once again lose sales by not being the cheapest option. Your logic makes zero sense.
I've made a determination that you aren't worth debating this topic.
countryboy
Verified User
What are you even talking about?
Did you have a problem with it when President Obama gave them 1 trillion dollars? https://www.agri-pulse.com/articles/3613-obama-signs-historic-five-year-farm-bill-into-law
Some excerpts from your article:
"The Agriculture Act of 2014 scraps direct payments in favor of enhanced crop insurance, revises commodity supports, creates a new dairy program, and makes several other policy changes, including an approximate $8 billion cut to the Supplemental Nutrition Assistance Program (SNAP)."
"Bob Stallman, president of the American Farm Bureau Federation, said farmers now have answers about how they can manage the many and varied risks they face in producing food and fiber.
"“It’s been a bumpy road for the farm bill over the past several years, with many twists and turns, but farmers never gave up nor lost momentum in working toward its passage,” Stallman said. “Farm Bureau believes this farm bill will give farmers and ranchers a measure of business certainty for this and coming years, allowing them to better manage risk while carrying out the important business of providing food and jobs for America.”
"Tom Nassif, president and chief executive officer of Western Growers, said the farm bill was a product of tough negotiation, but set an example of bipartisan work. “I hope members of Congress point to the example of the farm bill as our nation grapples with other critical issues facing our industry, like immigration and the devastating drought we now face in California,” Nassif said.
"Martin Barbre, president of the National Corn Growers Association, said the law “means certainty and stability for farmers. It means food on the table for hungry families. And it means taxpayers will save money.”"
~~~
This farm bill expires in 2019.
This is a different animal than deliberately creating a situation (like imposing tariffs that trigger a trade war) that requires a huge financial hit to fix.
And then there's this. lol
