Tariff Man is back, and American consumers will pay for it
- Thread starter Bill
- Start date
I pretty much agree, as I said..
As they say tariffs are a very blunt instrument & used as a last resort, I don't think he could wait that long...
DO you think the USA will prevail in this war??
cawacko
Well-known member
My honest answer to the bolded is I have no clue. What we're doing is against everything I believe and support. It's possible in five years (or pick a time frame) we say this current trade war turned out great for the U.S. but I wouldn't put money on that.
I am not morally opposed to tariffs, as they say this country was built on them & was one of the most protectionist countries in the world-but back in the day everyone was very protective..
They said there would be winners & losers, unfortunately the real winners are a very small part of the population & don't buy lots of cars & refrigerators etc...
IMHO it is quite understandable those who got shit on by the deal aint to happy about it....... Yes??
cawacko
Well-known member
I've heard interviews with farmers on NPR who said they are currently getting sh*t on yet still support the trade war because they think it will be beneficial long term.
In theory i could be ok with short term pain if there's a long term benefit. A number of people might point to Volker and what he did with interest rates to crush inflation as an example.
I just don't see it happening here.
I enjoy discussing politics with you, my friend, but when you run off the rails and into the hyperbole forest, I'm done. Sorry. I'm one of those fucking Democrats that pays for plenty out of her own pockets, whether it's donating to charities that help others (not just animals), or choosing locally-grown over the much cheaper mass-produced foods, or --when we were both working -- paying more in taxes per year than many people make. And I am a former union worker as well.
Have a nice night.
The big sticking point with China isn't the Intellectual Property theft -it's our demand they change their corps away from the SOE ( state owned enterprise) models - and yes they are never gonna change that.
But the negotiations process complaint is their slow walking on EVERYTHING.
They are hoping Trump doesn't get re-elected and can continue their malign practices
The tariffs are hurting them MUCH MORE then us,and more tariffs mean more pressure.
They've been able to use the mercantile acquired cash reserves as a stimulus for their economy,
but even there the Chinese GDP is slowing, and thy cannot continue on that path given their design
for the "one belt one road " ( new silk road) initiatives
it would GREATLY HELP if we ratified our NAFTA 2 agreement, to show China we a re capable of action and not just
spinning our wheels on trade agreements
consumer spending is vibrant, consumer confidence high, and even our savings rate
is higher then it was pre-recession.
Tariffs haven't hurt the economy or caused inflation ( as of yet)..if we put a new 25% across the board tariff -
then yes that will drag down spending
ye of little faith. look at the structural trade relationship between China and the US.
we have a terrible balance of payments, but we don't rely solely on an export economy like China
so at the same time we might pay more on some goods, any reduction of trade with China hurts them much more.
interestingly our trade imbalance has actually gotten worse, so obviously we are still buying their exports
more and more produce is machine picked.
we are i n fact manufacturing more durable goods as well with the return of mfg jobs
cawacko
Well-known member
This trade war has put a serious damper on business. It’s major uncertainty. It’s not all that dissimilar from the (over) regulatory environment during the Obama years that hampered businesses.
You can argue the short term pain is needed for the long term gain (not saying I agree but the argument can definitely be made) but it is having a negative effect on the business environment right now
You are right; our productivity overall is quite high and has been for many years. Automation, though, has eliminated the lower-skilled factory positions. That's going to continue.
what serous damper caused by tariffs?
In his MAGA rally tonight, he said "the era of economics surrender is over". Go Trump!
Teflon Don
I'm back baby
They didn’t pay for the last tariffs
so what ELSE can you do to get China to stop slow-walking trade negotiations? say please?
Nobody wants tariffs they ae the stick that hits China and US farmers and consumers - but there is no other way to get China to negotiate -even with all the tariffs so far they are dragging their feet
Who is going to make a deal with Trump? They know he can just change his mind. He is not a trusted person. His word is meaningless.
cancel2 2022
Canceled
Trump is doing the right thing, too many others have let the Chinese get away with blue murder, he's standing up to them!
cancel2 2022
Canceled
Yes but Mr. Owl says otherwise, to wit, to woo! He can also swivel his head like Linda Blair in the Exorcist.
It is importers who pay the tariffs. Consumers pay in higher prices. Caterpillar says the tariffs increased their costs 70 million dollars. They are raising prices and are less competitive internationally. Walmart says they had to raise prices due to extra costs. Steel and aluminum users say they raised prices 9 percent on appliances and other products.
The American consumer pays higher prices.
you idiot.
The "deal" becomes a ratified treaty