Would Donald Trump’s tariffs hurt US consumers?

[theshu25]

52 minutes ago, FritsSikkink said:

Caps and bibles, his daughter shoes.

And as of today the  grifter is selling Guitars.   Unbeleivable  the president elect  still grifting as he was before. What an embarrassment this idiot really is.

[Yagoda]

 

11 minutes ago, bubblegum said:

Clearly you know nothing on economics.

Well here, true or false: Import taxes or tariffs benefit the consumer when imposed as part of a comprehensive business plan?

Edited November 21 by Yagoda
addressed wrong comment

[jvs]

37 minutes ago, Yagoda said:

Do you deny that Leftism is based on hate?

Can you explain to us what leftism is?

Can you deny that whatever you are spouting is not hate?

If you want an honest discussion with people and the first thing you do is calling them names then don't be surprised when you are receiving backlash .

In all of your posts the hate shines thru,why?

You are winning,celebrate!

At least for now so keep gloating.

 

[mogandave]

31 minutes ago, BKKKevin said:

I belive the bibles he hawks to his gullible followers are made in China... 

So he is imposing tariffs on his own products, yes? 

[jvs]

4 minutes ago, mogandave said:

It’s the same with corporate income taxes, the consumer has to pay them. 

 

But you’re all for higher corporate income taxes, yes? 

Really?

So if all those taxes are cancelled the consumer pays less?

 

[mogandave]

1 minute ago, Yagoda said:

Well here, true or false: Import taxes or tariffs benefit the consumer when imposed as part of a comprehensive business plan?

Not enough data to answer that. “Comprehensive “ could include any number of things. 

 

Imposing tariffs generally increases prices. Who that benefits depends on any number of things. 

 

 

[bubblegum]

7 minutes ago, mogandave said:

Why do you say that? You don’t sound like you know anything about it.

In that case enlighten me on how tariffs will NOT cost the US  consumer! I'm waiting.

[Yagoda]

4 minutes ago, mogandave said:

It’s the same with corporate income taxes, the consumer has to pay them. 

 

But you’re all for higher corporate income taxes, yes? 

Of course. Leftist sound bites. As long as they can stick it to a corporation, especially one that wont toe the line. Bet you a lot of that DEI crap bought some kudos from the cadre

 

National Socialism and Italian Fascism were like that: favoured industrialists and state enterprises

[mogandave]

Just now, jvs said:

Really?

So if all those taxes are cancelled the consumer pays less?

 

If the market is competitive, yes. 

 

Do you think that when taxes are raised, that the greedy capitalists are just going to eat it? No, they are not, if they did, their market value would plummet. They will just pass on the cost to the consumer, just like any tariffs. 

 

 

[mogandave]

3 minutes ago, bubblegum said:

In that case enlighten me on how tariffs will NOT cost the US  consumer! I'm waiting.

Tariffs will generally increase the cost of imported goods. True. 

 

That the increased price outweighs the benefits, is arguable, and it depends on a lot of things. 

 

Do you not agree that increasing corporate income taxes WILL cost the US consumer?

 

Why is one good and the other bad? 

 

At least with tariffs, only the people buying the products have to pay. 

[connda]

Do Thailand's tariffs hurt Thai consumers?  The answer is "Yes."  Equally so for proposed tariffs in the US.

Tariffs are taxes on the consumers in the country where the tariffs are levied, but they are aimed at slowing imports from other countries who supply products at a lower cost.  So yeah - tariffs always hurt domestic consumers.  It's the government getting in the middle of a free market and punishing consumers.  The trope is that it will simulate domestic production.  Not if consumers are faced with equally expensive domestic products. 

[bubblegum]

12 minutes ago, Yagoda said:

 

Well here, true or false: Import taxes or tariffs benefit the consumer when imposed as part of a comprehensive business plan?

Lol Trump and "comprehensive business plan". But to answer your question, tariffs do not benefit consumers.

[mogandave]

1 minute ago, bubblegum said:

Lol Trump and "comprehensive business plan". But to answer your question, tariffs do not benefit consumers.

LOL The left pretending to care about consumers. 

 

[mogandave]

4 minutes ago, connda said:

Do Thailand's tariffs hurt Thai consumers?  The answer is "Yes."  Equally so for proposed tariffs in the US.

Tariffs are taxes on the consumers in the country where the tariffs are levied, but they are aimed at slowing imports from other countries who supply products at a lower cost.  So yeah - tariffs always hurt domestic consumers.  It's the government getting in the middle of a free market and punishing consumers.  The trope is that it will simulate domestic production.  Not if consumers are faced with equally expensive domestic products. 

You can make the same argument for mass immigration. Drives wages down, reducing prices for consumers. 

 

 

[bubblegum]

Just now, mogandave said:

LOL The left pretending to care about consumers. 

 

Attacking "the left" does not make tariffs any better.

[Yagoda]

21 minutes ago, jvs said:

Can you explain to us what leftism is?

Can you deny that whatever you are spouting is not hate?

If you want an honest discussion with people and the first thing you do is calling them names then don't be surprised when you are receiving backlash .

In all of your posts the hate shines thru,why?

You are winning,celebrate!

At least for now so keep gloating.

 

Sure. 

 

Leftism is an ideology which has as its underlying philosophy the good of the collective in a utopian framework based on a (false) determination of human nature, with such Utopia to be achieved by the destruction of those who oppose it. It has been called Bolshevism, Menshivism, National Socialism, Marxism, Leninism, Trotkyism Stalinism, and  Fascism and operates under the umbrella term of Socialism.

 

is characterized by being revolutionary in nature with the movement led by a hard core cadre who are convinced of the scientific basis of their philosophy that will lead mankind into the future. Cult like, the righteousness of their cause makes those who oppose it  the enemy who must be destroyed. Democracy is incompatible with Socialism, since Democracy requires free thought.

 

So how is that hate? Pointing out that the philosophy adhered to by so many leaves bodies in ditches?

 

 

 

 

Edited November 21 by Yagoda

[mogandave]

Just now, bubblegum said:

Attacking "the left" does not make tariffs any better.

Defeating them does.

 

So how about higher corporate income taxes hurting consumers? Why do you support that?

[bubblegum]

Just now, mogandave said:

You can make the same argument for mass immigration. Drives wages down, reducing prices for consumers. 

 

 

No, immigrants form the bulk of cheap labour that residents don't want to do. What will happen when all those labour intensive farms/industries lose their labour force due to mass expulsion?

[bubblegum]

Just now, mogandave said:

Defeating them does.

 

So how about higher corporate income taxes hurting consumers? Why do you support that?

Do lower taxes make products any cheaper? No of cause not.

[mogandave]

2 minutes ago, bubblegum said:

No, immigrants form the bulk of cheap labour that residents don't want to do. What will happen when all those labour intensive farms/industries lose their labour force due to mass expulsion?

Mass immigration benefits consumers, yes?

[RetiredNavy71]

2 hours 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

Well said.  If you don't mind I'll take it one step further......wouldn't your description pertain to most if not all MAGA Republicans?

[Yagoda]

44 minutes ago, FritsSikkink said:

Consumer still has to pay the higher price.

I don't slur capitalism, I am teaching you how economics work.

I have done a lot of international trade, owned several businesses. My wife owns several businesses.

What have you done besides being a parrot for Trump?

The consumer pays the price he is willing to pay for the product he wants to buy. Far more than company profits goes into the price calculation for the consumer. The cost to the consumer of a tariff would be lessened by the reduction in cost of the good subject to tariff in addition to the overall economic gain to the consumer by competition, manufacturing shifts, transportation costs, cutting of fees and regulations, tax cuts........

 

But you k new that right, Mr. Business Owner?

 

 

[mogandave]

2 minutes ago, bubblegum said:

Do lower taxes make products any cheaper? No of cause not.

Yes, actually lower taxes do make products cheaper. 

 

Tariffs are a tax a corporation has to pay, and you argue raising them increases prices. 
 

Corporate income taxes are a tax corporations have to pay, yet you argue raising them does bot increase prices. 

 

It makes no sense 

[connda]

12 minutes ago, mogandave said:

LOL The left pretending to care about consumers. 

 

 

10 minutes ago, bubblegum said:

Attacking "the left" does not make tariffs any better.

Whose attacking whom?  We are now getting ready for 4 more years of triggered, butt-hurt far-Left progressive liberal having melt-down about Trump.  It was bad between 2016 - 2021.  Now it should be absolutely epic.

All the movie stars and celebs are leaving the US - the entire progressive far-Left should join them. 

[mogandave]

2 minutes ago, RetiredNavy71 said:

Well said.  If you don't mind I'll take it one step further......wouldn't your description pertain to most if not all MAGA Republicans?

More voters thought Harris was a joke than thought Trump was a joke.

[Yagoda]

11 minutes ago, mogandave said:

Defeating them does.

 

So how about higher corporate income taxes hurting consumers? Why do you support that?

The Left does not want a strong America and will lie and spout hypocritical propaganda until such time as the doctrine is put to rest.

[mogandave]

2 minutes ago, Yagoda said:

Why? Honesty bother you? Are you ashamed of who you are?

Because it’s all he can do. He can’t actually formulate a coherent argument.

 

[mogandave]

I think Trump wants to reindustrialize the US. 

 

I believe that would be a good thing. 

[realfunster]

1 minute ago, mogandave said:

I think Trump wants to reindustrialize the US. 

 

I believe that would be a good thing. 

 

Maybe he does but it's never going to happen in 4 years. The timescale for this kind of investment outlook from business is multi-year and they will want to see political/policy stability before making any such investment decision. It might however, provide pause for thought for US companies considering offshoring.

 

I think we all know by now that Donald loves his bluster.

As others have noted, from a purely economic theory viewpoint a wide-ranging batch of tariffs would probably lead to counter-measures by other parties, hurting everyone. Even if the other parties didn't respond in kind the increased costs to the US supply chain would increase prices for local US consumers for the foreseeable.

 

I expect he will be selective on how to use the threat of tariffs to get concessions and in the end he may well end up targeting (i) a limited number industry sectors and (ii) China more broadly.

[Yagoda]

4 minutes ago, realfunster said:

 

Maybe he does but it's never going to happen in 4 years. The timescale for this kind of investment outlook from business is multi-year and they will want to see political/policy stability before making any such investment decision. It might however, provide pause for thought for US companies considering offshoring.

 

 

The more the Left screeches and howls, the more they will turn off the electorate, especially as their tricks and horrific mcost of their policies are exposed. Meanwhile, take a look at the young Republican bench, and right now, nobody is beating JD Vance. All he has to do is be productive. Business will see that, at least the smart ones. Put that made in USA on that package, Id pay $1 or 2 more anyday