Would Donald Trump’s tariffs hurt US 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 2 hours ago 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

[FritsSikkink]

31 minutes ago, Yagoda said:

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........

Drivel, doesn't make sense at all.

Try again.

[bubblegum]

Trying to make sense to a Trump supporter is like catching an eel in a bucket of snot. I'm done with these jokers.

[ifmu]

4 hours 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

what a jo 

[mogandave]

29 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.

 

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.

He will be very selective. 

 

I worked in manufacturing most of my life, and retired from a fortune two hundred company a while ago. Most people would be amazed at how quickly a plant can be moved when tax incentives are involved. 

[Unclernie]

Only an idiot would implement tariffs. The MAGA crowd will get what they deserve. The clown car is in the building folks and you are the fools who voted for this. Stupidity reigns supreme!

[mogandave]

19 minutes ago, bubblegum said:

Trying to make sense to a Trump supporter is like catching an eel in a bucket of snot. I'm done with these jokers.

Sp because you can’t explain your silly position, you call the person that can explain their position stupid and run away. 

 

Let me guess, you’re a leftist.

[mogandave]

Just now, Unclernie said:

Only an idiot would implement tariffs. The MAGA crowd will get what they deserve. The clown car is in the building folks and you are the fools who voted for this. Stupidity reigns supreme!

Another clear, concise, well thought out response from the high IQ left. 

 

[bubblegum]

4 minutes ago, mogandave said:

Sp because you can’t explain your silly position, you call the person that can explain their position stupid and run away. 

 

Let me guess, you’re a leftist.

Because one cannot explain anything to your lot when the explanation means that Trump is wrong.

[FritsSikkink]

7 minutes ago, Yagoda said:

Sorry dude, I get paid by the hour and tyou cant afford me.

I have a though selection process for hiring people (I actually do hire people in real life, what did you do again?).

You would drop out after reading 2 sentences of your applications.

[NoDisplayName]

Would Donald Trump’s tariffs hurt US consumers?

 

 

Donald is going to build a big, beyooootiful tariff wall.

....and send the bill to the American consumer.

 

Bigly.

[simple1]

3 hours ago, Yagoda said:

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

 

Firstly you have no power whatsoever. I'll give you prior governance under British rule did supress minorities , bot not genocide as carried out by US government "Manifest Destiny". Australia has Free Speech, but cracking down on Hate Speech. Firearms are licensed in Australia for those that need them e.g. farmers. But enough now, going way off topic.

[simple1]

3 hours ago, frank83628 said:

Can you elaborate, I dont understand

 

Sure. PRC restricted imports of Australian wine, lobsters, etc due to supporting trump rhetoric.

 

https://www.dfat.gov.au/trade/organisations/wto/trade-monitoring-and-reviews/wto-trade-policy-review-china-trade-2021-australia-statement#:~:text=China's measures have severely limited,%2C grains%2C and table grapes.

[AlexRich]

4 hours ago, theshu25 said:

Are you Trumps PR officer?

He’s certainly dumb enough for the role.