Would Donald Trump’s tariffs hurt US consumers?

[simple1]

During trump's prior presidency the US trade gap grew by hundreds of $billions, in other words his trade policy was a failure, yet ten of millions of Americans voted for trump 2024 to address economic issues.

 

Trump imposed a 50% tariff on imports of washing machines in 2018.

Researchers estimate the value of washing machines jumped by around 12% as a direct consequence, equivalent to $86 per unit, and that US consumers paid around $1.5bn extra a year in total for these products.

 

https://www.bbc.com/news/articles/c20myx1erl6o

[Yagoda]

You are from Australia, have never been to the USA, know nothing about the USA except what you read in your leftist media bubble and are a Leftist, which means you viscerally oppose capitalism and the West and the USA and your intellectual allies are Cuba and China and Venezuela.

 

 With that, carry on

[BKKKevin]

https://www.huffpost.com/entry/walmart-lowes-trump-tariffs-price-hikes_n_673e5e9fe4b09ddca792cd18

[EveryG]

44 minutes ago, Yagoda said:

You are from Australia, have never been to the USA, know nothing about the USA except what you read in your leftist media bubble and are a Leftist, which means you viscerally oppose capitalism and the West and the USA and your intellectual allies are Cuba and China and Venezuela.

 

 With that, carry on

Yeah, get out of here with your facts! They make my hero look bad! You have to live in the USA to understand how international trade works! MAGA! 

(I give Yagoda a 10 Trump cult points)

[Yagoda]

4 minutes ago, EveryG said:

Yeah, get out of here with your facts! They make my hero look bad! You have to live in the USA to understand how international trade works! MAGA! 

(I give Yagoda a 10 Trump cult points)

Oh looky. A new Leftist here ready to toss ad hominems. You from the States then?

 

[EveryG]

5 minutes ago, Yagoda said:

Oh looky. A new Leftist here ready to toss ad hominems. You from the States then?

 

I'm no leftist. I was born in the US, but since I have actually accomplished things in my life, and I understand that was my parent's decision, I don't use it as a way to boost my self esteem. I love how people use their birth to mask their complete inability to engage in the issues. Please continue.  

[frank83628]

1 hour ago, simple1 said:

During trump's prior presidency the US trade gap grew by hundreds of $billions, in other words his trade policy was a failure, yet ten of millions of Americans voted for trump 2024 to address economic issues.

 

Trump imposed a 50% tariff on imports of washing machines in 2018.

Researchers estimate the value of washing machines jumped by around 12% as a direct consequence, equivalent to $86 per unit, and that US consumers paid around $1.5bn extra a year in total for these products.

 

https://www.bbc.com/news/articles/c20myx1erl6o

I'm sure they saved more than $86 on cheap gas to cover the extra cost of a washing machine.

 

Seeing as you a not an American, why not say how Trumps tariffs effected you directly?

[Yagoda]

8 minutes ago, EveryG said:

I'm no leftist. I was born in the US, but since I have actually accomplished things in my life, and I understand that was my parent's decision, I don't use it as a way to boost my self esteem. I love how people use their birth to mask their complete inability to engage in the issues. Please continue.  

You just said nothing beyond the usual internet self promotion, and you proved you are a Leftist with your post. Carry on.

[Yagoda]

9 minutes ago, frank83628 said:

I'm sure they saved more than $86 on cheap gas to cover the extra cost of a washing machine.

 

Seeing as you a not an American, why not say how Trumps tariffs effected you directly?

Wow. You mean there are...trade offs? Like an extra 25% on the cheap chinese junk that floods our country and eggs back to .99 per dozen, on sale?

 

Bet ya Weather Tech is just salivating over tariffs  on cheap chinese floormats LOL. I hear they are hiring.

 

We have trillions of dollars of Liquid Gold here in North America, time to bank it.

[EveryG]

There are millions of non-leftists who think Trump is a joke. I'm very sure you are not able to actually engage in a discussion of tariffs because you are too busy putting people in simple categories to make a complicated world simpler for your 7 year old mind. 

[spidermike007]

Yes. Definitely. It is actually a large tax hike. It will hurt American companies and they will pass on the additional costs to consumers. It will likely restart a horrific inflationary cycle. 

 

This plan is dumb. Very, very dumb. The concept of bringing jobs back to America is a good one, and the concept of bringing manufacturing back to America is a good one. But it has to be applied with intelligence. You cannot just wish for this to happen and make it so.

 

It has to be done progressively and it has to be done correctly. Incentives need to be offered and costs need to be reasonable. There are many reasons why those jobs and why that production shifted overseas to begin with. 

 

Just look at Trump's example, he manufactures in China every opportunity he gets because the savings are there, and he's a money grubbing sort of guy. 

[theshu25]

1 hour ago, Yagoda said:

You are from Australia, have never been to the USA, know nothing about the USA except what you read in your leftist media bubble and are a Leftist, which means you viscerally oppose capitalism and the West and the USA and your intellectual allies are Cuba and China and Venezuela.

 

 With that, carry on

Are you Trumps PR officer?

[frank83628]

13 minutes ago, spidermike007 said:

Yes. Definitely. It is actually a large tax hike. It will hurt American companies and they will pass on the additional costs to consumers. It will likely restart a horrific inflationary cycle. 

 

This plan is dumb. Very, very dumb. The concept of bringing jobs back to America is a good one, and the concept of bringing manufacturing back to America is a good one. But it has to be applied with intelligence. You cannot just wish for this to happen and make it so.

 

It has to be done progressively and it has to be done correctly. Incentives need to be offered and costs need to be reasonable. There are many reasons why those jobs and why that production shifted overseas to begin with. 

 

Just look at Trump's example, he manufactures in China every opportunity he gets because the savings are there, and he's a money grubbing sort of guy. 

What does trump get manufactured in China ?

[Yagoda]

4 minutes ago, theshu25 said:

Are you Trumps PR officer?

No, Im a patriotic American standing up for my country and our constitutional republic against the violent and hate ridden Left.

 

How about you, mate? Another one in the Leftie foreigner bubble commenting about things you know nothing about?

[jvs]

Never mind.

Edited 4 hours ago by jvs

[Yagoda]

2 minutes ago, frank83628 said:

What does trump get manufactured in China ?

His hats. Try to get a hat not made in China. Or flip flops.

 

If China wants to be the supplier of cheap plastic chairs to the world, go for it. All of the crap they turn out from two bit polluted "factories", let them have it.

 

But the good stuff is going to be made elsewhere.

[Yagoda]

22 minutes ago, EveryG said:

There are millions of non-leftists who think Trump is a joke. I'm very sure you are not able to actually engage in a discussion of tariffs because you are too busy putting people in simple categories to make a complicated world simpler for your 7 year old mind. 

Yep, here we go, looks like a new group of Leftist bots coming to insult folks. 

 

Is that you, Danderman?

[Yagoda]

1 hour ago, BKKKevin said:

https://www.huffpost.com/entry/walmart-lowes-trump-tariffs-price-hikes_n_673e5e9fe4b09ddca792cd18

The Huffington post is not a respected news outlet. 

[mdr224]

2 minutes ago, Yagoda said:

Yep, here we go, looks like a new group of Leftist bots coming to insult folks. 

 

Is that you, Danderman?

Danderman is probably too busy with therapy to be here

[jvs]

2 minutes ago, Yagoda said:

Yep, here we go, looks like a new group of Leftist bots coming to insult folks. 

 

Is that you, Danderman?

You are the one insulting people,can you not see that?

 

[FritsSikkink]

1 hour ago, Yagoda said:

You are from Australia, have never been to the USA, know nothing about the USA except what you read in your leftist media bubble and are a Leftist, which means you viscerally oppose capitalism and the West and the USA and your intellectual allies are Cuba and China and Venezuela.

 

 With that, carry on

To understand that import taxes hurt the consumer has nothing to do with where you come from. More to do with education.

[simple1]

1 hour ago, Yagoda said:

You are from Australia, have never been to the USA, know nothing about the USA except what you read in your leftist media bubble and are a Leftist, which means you viscerally oppose capitalism and the West and the USA and your intellectual allies are Cuba and China and Venezuela.

 

 With that, carry on

 

Making assumptions about people makes you look foolish. I have visited the US a number of times as well as worked for US Multi National Corporations. Maybe by your criteria I am 'leftist', but not by European / Australian standards. Long overdue for you and other MAGA types to recognise US culture does not dictate to others. If fact some nationals in other Western countries perceive major weaknesses in US politics and culture - in short - stop making false accusations and wake up.

[pattayasan]

The rationale is that there is balance between the cost of the tariffs and the resultant job creation that the tariffs stimulate. In the end what hurts the consumers is that the price for their purchases go up. In the short term, if consumers are forced to pay extra because they can't buy a local equivalent for less than the tariff. Price inflation occurs and consumers require higher wages to pay for their purchases. Higher wages pushes and entrenches the new price. If the tariffs create new demand for a workforce, one of two things has to happen. Either wages go up or immigrants are imported to fill the increased demand for workers to manufacture goods in the US. 

 

 

Edited 4 hours ago by pattayasan

[simple1]

48 minutes ago, frank83628 said:

Seeing as you a not an American, why not say how Trumps tariffs effected you directly?

 

Cost the Australian economy $billions for supporting trump ideology regards PRC

[EveryG]

1 minute ago, pattayasan said:

The rationale is that there is balance between the cost of the tariffs and the resultant job creation that the tariffs stimulate. In the end what hurts the consumers is that the price for their purchases go up. In the short term, if consumers are forced to pay extra because they can't buy a local equivalent for less than the tariff. Price inflation occurs and consumers require higher wages to pay for their purchases. Higher wages pushes and entrenches the new price. If the tariffs create new demand for a workforce, one of two things has to happen. Either wages go up or immigrants are imported to fill the demand for works to manufacture goods in the US. 

Every country has ignorant people. But only in American can you find that toxic blend of ignorant and arrogant about their ignorance that is becoming a feature of the culture-that's what Trump has tapped into. I'm so glad I left 20 years ago. 

[Yagoda]

5 minutes ago, EveryG said:

Every country has ignorant people. But only in American can you find that toxic blend of ignorant and arrogant about their ignorance that is becoming a feature of the culture-that's what Trump has tapped into. I'm so glad I left 20 years ago. 

So are we. 

[Yagoda]

14 minutes ago, FritsSikkink said:

To understand that import taxes hurt the consumer has nothing to do with where you come from. More to do with education.

To understand that import taxes benefit the consumer when imposed as part of a comprehensive business plan shows real education instead of Leftist soundbites.

[frank83628]

14 minutes ago, simple1 said:

 

Cost the Australian economy $billions for supporting trump ideology regards PRC

Can you elaborate, I dont understand

[Yagoda]

13 minutes ago, simple1 said:

 

Cost the Australian economy $billions for supporting trump ideology regards PRC

We will be happy to give you to them if you like. They have your type of government: persecute minorities, suppress speech, seize firearms....

[Yagoda]

24 minutes ago, jvs said:

You are the one insulting people,can you not see that?

 

Ive insulted nothing but your hate ridden, murderous ideology.