Crazy Trump's tariffs are backfiring on the U.S.

gfm7175 said:
It's not an assumption, anchovies, it's what actually happens. Have you seen the "tariff markup" on goods yet? I sure haven't...

Tariffs work the very same way today as they worked in the 1800s. Nothing has changed in that regard.
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Bought coffee lately? Bananas? Beef? A power tool? Major appliance? And the peak hasn’t even begun to hit yet, when businesses run out of the overstock they obtained before the tariffs went into effect the consumer will face the consequence.

nypost.com

Walmart quietly jacks up prices — despite Trump’s demand for retailer to ‘eat the tariffs’

Photos circulating online, particularly on the Walmart subreddit, have documented dramatic price hikes of more than 100% on some items.
nypost.com nypost.com

And the U.S. economy in the second half of the 19th Century was grounded by cheap labor, there was no reason to look elsewhere to import products, or are you recommending Americans return to low wages to produce cheap clothing
 
archives said:
And previously, back in the day it was the opposite, GOP favored tariffs

A big difference is that Trump’s tariffs are usually more restrictive, often confusing, and most importantly, inconsistent, it is difficult at times to determine what the tariff is on what at any given time.

If the goal was to stop America from “getting ripped off,” it is perplexing to understand completely how the nation with the best economy in the world with the highest GDP and near full employment was a victim
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Sorry, I missed this earlier. My first memories of trade talk was Ross Perot and the giant sucking sound. He was already framing workers as victims

George W Bush signed trade deals like CAFTA and I remember democrat speaking out against them because it would hurt American workers.

I thread from 2008 was posted in this thread earlier and it was liberals on the board speaking out against trade with China and how they harmed the working class and American workers.

In 2008 Barack Obama went after Hilary and tried to tie her to her husband‘s support of NAFTA and pushed back against free trade in the name of supporting workers.

And of course, Bernie Sanders built his movement around the idea that American workers were getting screwed by global trade. Trump is certainly not the first to engage in this anti-trade rhetoric.
 
archives said:
Bought coffee lately? Bananas? Beef? A power tool? Major appliance? And the peak hasn’t even begun to hit yet, when businesses run out of the overstock they obtained before the tariffs went into effect the consumer will face the consequence.

nypost.com

Walmart quietly jacks up prices — despite Trump’s demand for retailer to ‘eat the tariffs’

Photos circulating online, particularly on the Walmart subreddit, have documented dramatic price hikes of more than 100% on some items.
nypost.com nypost.com

And the U.S. economy in the second half of the 19th Century was grounded by cheap labor, there was no reason to look elsewhere to import products, or are you recommending Americans return to low wages to produce cheap clothing
Click to expand...
The MAGA on here laugh at me when I tell them how much coffee has gone up. Well a 42.5 oz can of coffee at BJ's was $9.99 in late Dec, last year and early Jan. this year , and NOW it is $19.99 a can a 100% increase.
There was a MAGA on here trying to tell us coffee has only and he made sure I knew it was ONLY 33% PER LB.
Well take a 42.5 oz can and figure it out , that is over 2,5 pounds and that does equate to 33% per pound or 100% per can.
And from what I have read Trump increased his tariffs on Columbia even more, so how high will it go?
And NOT all of Trumps tariffs have worked through the supply chain and when they do it is going to hit a lot of low income workers and older people on fixed income really hard MAGAS included.
And if it hits the moronic MAGAS hard I can't fell sorry for them they voted for this and got what they wanted so they have NO right to cry about it.
I don't wish any harm on anybody but if it comes back and bites them in the ass really hard I say too bad ASSHOLE.
 
Trumpet said:

So this is Trumponomics​

Trump's tariffs are backfiring on the U.S., Fed finds​

A new study from the Federal Reserve found that President Trump’s tariffs are backfiring.

According to the Fed study, the tariffs that went into effect in 2018 have led to not only higher producer prices but also a loss of jobs across the U.S. — particularly in manufacturing. A previous analysis also found that tariffs have cost the U.S. $42 billion so far.

“In terms of manufacturing employment, rising input costs and retaliatory tariffs each contribute to the negative relationship, and the contribution from these channels more than offsets a small positive effect from import protection,” the new Fed study stated. “For producer prices, the relative increases associated with tariffs are due solely to the rising input cost channel. We find little evidence for a relationship between industrial production and any of the three tariff channels considered.”


​

Trump’s 25% tariffs are backfiring and threatening Gen Z’s trade career aspirations—putting car manufacturing jobs in peril​


“This is going to lead to the construction of a lot of plants, in this case auto plants,” Crazy Trump said upon announcing the tariffs in March. “You’re going to see numbers like you haven’t seen…in terms of employment. You’re going to have a lot of people making a lot of cars.”


But the goal to boost U.S. manufacturing work by alienating trading allies hasn’t panned out yet. In reality, most “American-made” vehicles aren’t completely manufactured in the U.S.; parts of these cars—including Ford, Toyota, and Honda—are assembled in Mexico or Canada before being finished in the states. Because of skyrocketing prices from Trump’s 25% tariffs, it’s estimated there will be between 10% and 20% fewer cars produced across North America, according to Cox Automotive. With a decline in demand, less workers would be needed to keep factories running.
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No they aren't.
 
Tbird19482 said:
The MAGA on here laugh at me when I tell them how much coffee has gone up. Well a 42.5 oz can of coffee at BJ's was $9.99 in late Dec, last year and early Jan. this year , and NOW it is $19.99 a can a 100% increase.
There was a MAGA on here trying to tell us coffee has only and he made sure I knew it was ONLY 33% PER LB.
Well take a 42.5 oz can and figure it out , that is over 2,5 pounds and that does equate to 33% per pound or 100% per can.
And from what I have read Trump increased his tariffs on Columbia even more, so how high will it go?
And NOT all of Trumps tariffs have worked through the supply chain and when they do it is going to hit a lot of low income workers and older people on fixed income really hard MAGAS included.
And if it hits the moronic MAGAS hard I can't fell sorry for them they voted for this and got what they wanted so they have NO right to cry about it.
I don't wish any harm on anybody but if it comes back and bites them in the ass really hard I say too bad ASSHOLE.
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Ha ha @ bj's.

Bjs aint for shopping; they're for enjoying.


:evilnod:
 
archives said:
Bought coffee lately?
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No. I don't drink coffee.
archives said:
Bananas?
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Yes.
archives said:
Beef?
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Yes. LOTS and LOTS of beef.
archives said:
A power tool?
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Not lately.
archives said:
Major appliance?
Click to expand...
Not lately.
archives said:
And the peak hasn’t even begun to hit yet, when businesses run out of the overstock they obtained before the tariffs went into effect the consumer will face the consequence.
Click to expand...
"It'll happen... eventually... just you wait... the sky is falling... you'll see... eventually... any second now... any minute now... any month now... any year now..."
archives said:
And the U.S. economy in the second half of the 19th Century was grounded by cheap labor, there was no reason to look elsewhere to import products, or are you recommending Americans return to low wages to produce cheap clothing
Click to expand...
The labor wasn't anywhere near as cheap as it would've been if Democrats were allowed to retain their slave labor. They HATE it when "those nasty Republicans" get in the way of their exploitation of others.
 
gfm7175 said:
No. I don't drink coffee.

Yes.

Yes. LOTS and LOTS of beef.

Not lately.

Not lately.

"It'll happen... eventually... just you wait... the sky is falling... you'll see... eventually... any second now... any minute now... any month now... any year now..."

The labor wasn't anywhere near as cheap as it would've been if Democrats were allowed to retain their slave labor. They HATE it when "those nasty Republicans" get in the way of their exploitation of others.
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Well that explains why you are uninformed to effect of tariffs on the average consumer

Got to love the Limbaugh revision of history uninformed Red Hat Clubbers keep regurgitating, it was CONSERVATIVE Democrats, who share a lot of commonality with Conservatives today, or did you really think the Republicans were called the Radical Republicans because they were conservative
 
Trumpet said:
In your case, it's so obvious that anyone with average intelligence can plainly see that you're just not all there.
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All JPP MAGAts are poorly educated, retarded, demented and/or mentally ill. It's why they sound alike, why many are divorced and living alone, if not in a facility, and why they all need a big, strong Orange Daddy to care for them.

a5obmh.jpg
 
cawacko said:
Sorry, I missed this earlier. My first memories of trade talk was Ross Perot and the giant sucking sound. He was already framing workers as victims

George W Bush signed trade deals like CAFTA and I remember democrat speaking out against them because it would hurt American workers.

I thread from 2008 was posted in this thread earlier and it was liberals on the board speaking out against trade with China and how they harmed the working class and American workers.

In 2008 Barack Obama went after Hilary and tried to tie her to her husband‘s support of NAFTA and pushed back against free trade in the name of supporting workers.

And of course, Bernie Sanders built his movement around the idea that American workers were getting screwed by global trade. Trump is certainly not the first to engage in this anti-trade rhetoric.
Click to expand...
And to add, Clinton passed Nafta, while Obama proposed TPP, which met the scorn of the GOP and some Democrats.
 
gfm7175 said:
No. I don't drink coffee.

Yes.

Yes. LOTS and LOTS of beef.

Not lately.

Not lately.

"It'll happen... eventually... just you wait... the sky is falling... you'll see... eventually... any second now... any minute now... any month now... any year now..."

The labor wasn't anywhere near as cheap as it would've been if Democrats were allowed to retain their slave labor. They HATE it when "those nasty Republicans" get in the way of their exploitation of others.
Click to expand...
are you still arguing like a simpleton that when a seller has a big increase in costs, they eat it and do not raise prices?

Do you understand your argument leads to all companies going bankrupt over time as prices only really ever go up over time for almost all inputs and if the only reaction is for companies to eat those costs and keep reducing margins they are then heading for bankruptcy.

Instead reality shows that even as input costs go up and up, companies tend to make more and more profit, and that is because they adjust for those cost increases with higher prices.

This is Econ 101 stuff that even a dunce should understand and unless you say tariffs are magic and excluded from this dynamic it applies to them just as it does any other input increase.
 
QP! said:
are you still arguing like a simpleton that when a seller has a big increase in costs, they eat it and do not raise prices?
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I've never made any such argument; stop lying. Tariffs are not a "big increase in costs"; they are quite small in the grand scheme of things.
QP! said:
Do you understand your argument leads to all companies going bankrupt over time as prices only really ever go up over time for almost all inputs and if the only reaction is for companies to eat those costs and keep reducing margins they are then heading for bankruptcy.
Click to expand...
First you need to get my argument correct and actually address MY argument.
QP! said:
Instead reality shows that even as input costs go up and up, companies tend to make more and more profit, and that is because they adjust for those cost increases with higher prices.

This is Econ 101 stuff that even a dunce should understand and unless you say tariffs are magic and excluded from this dynamic it applies to them just as it does any other input increase.
Click to expand...
Continued denial of history and of actual arguments presented.
 
Trumpet said:
In your case, it's so obvious that anyone with average intelligence can plainly see that you're just not all there.
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As I said before that really hurts coming from one of if not the dumbest member on this forum. You're on the short list for the number one spot, that said, it's a target rich environment and the competition is fierce. Cross your fingers, you could be the one.
 
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