Posted on 07/10/2018 5:41:31 PM PDT by cba123
The Trump administration pushed ahead with plans to impose tariffs on additional $200 billion in Chinese products by releasing a list of targets, marking a sharp escalation in a trade war between the world's two largest economies.
The tariffs could take effect after public consultations end on Aug. 30, according to a statement from the U.S. Trade Representative's office Tuesday.
(please see full article at the link)
(Excerpt) Read more at dallasnews.com ...
This too shall pass ...
Thanks for your input, clarification and support of President Trump with this issue.
Maybe the reality of tariffs is happening:
If US tariffs are bad for the US economy, why is no one discussing why China’s current and retaliatory tariffs are bad for China’s economy?
http://freerepublic.com/focus/news/3669470/posts?page=5#5
Thanks to: kosciusko51 for this anti tariff shredding reality!
I've noticed two pro tariffs groups. The "all tariffs all the time" group and the "oh, don't worry it's just a temporary negotiating tactic" group. We'll see who's right in time. I think the latter is deeply in denial. Even if this matter resolves in time, which I am beginning to doubt, the inflation is going to remain forever, not to mention the residual damage caused by supply chain disruptions, etc.
Maybe the reality of tariffs is happening:
If US tariffs are bad for the US economy, why is no one discussing why China’s current and retaliatory tariffs are bad for China’s economy?
http://freerepublic.com/focus/news/3669470/posts?page=5#5
Thanks to: kosciusko51 for this anti tariff shredding reality!
But it affects the economies of both sides of the tariff war, does it not?
Why is the US imposing tariffs bad, but the rest of the world gets a pass on their tariffs?
Yes, they are bad for both sides
Why is the US imposing tariffs bad, but the rest of the world gets a pass on their tariffs?
Tariffs are bad and the rest of the world doesn't get a pass, but it matters how you do it. We built a machine to get rid of tariffs, and address IP issues, through much of western South America and most of non Chinese Asia. That was called the Trans Pacific Partnership (TPP). It would have presented a united front against China to get them to lower their tariffs and respect intellectual property more robustly. But Trump tore that up. Then earlier this year China agreed to import $70 Billion more per year for us. A first, but meaningful step. That looked like it was going to go through, but then Trump threw that out.
No matter what happens know, Trump has increased inflation which will eventually call out the Fed with more rate hikes which will just intensify the next recession and hurt the very people who now support these tariffs.
But whose economy will suffer more, and who will relent first?
Are you going to take some kind of comfort in the fact the you suffered, but less than some Chinese guy?
I'm starting to believe that the desire to suffer is some sort of religious compulsion with you people.
My position is not if tariffs are good or bad, but why does it seems that only the US is in the wrong for imposing tariffs. Why do our trading partners get a pass for having higher tariffs than we do? And if imposing tariffs are bad, who will it affect the most?
You don't start a war if you don't think you can win. Trump clearly thinks the US will win if a trade war occurs.
That is what I am asking. If tariffs are bad for the US, are they not bad for everyone else? And how do you get them to reduce their tariffs by other means?
They will find out. No one will complain until it hits them..and it will
Just lurked on DU...Some fool put a thing in there about Maine lobster fisherman worried about China tariffs preventing China from buying their lobsters....
Now how many Chinese do you think afford Maine lobsters????
Duh, it s a non progressive tax. But then again you love the income tax, which a tariff could offset or maybe replace, because deep down you are a progressive.
A tax is not a source of economic growth and never can be.
A tariff is different. It protects and promotes domestic industry and causes unemployment of -- wait for it --- foreigners! A good thing.
You don’t get to make up your own economics, much as you are dependent on that.
Either do you. It is well established that a tariff promotes domestic employment, job growth and GDP. It is fact. The truth is you cannot handle complex thinking. The situation is dynamic and not static and you cannot fathom that. It is clear you are lacking intellectually.
Since you are with out a doubt historically and economically ignorant I will throw you a bone, if you must complain about a tariff then complain that it is inflationary. That is the only down side.
Tariffs were notorious for the potential for bribery of government officials. Who would pay them more: the iron and steel makers who profit from the exclusion of foreign steel or the Railroads who lose because the steel is higher? Steel was a major input to railroads. This is only one of many instances.
Oh and the income tax is not without special interest! LOL!
There is also the potential for disparities of impact on the different states.
What?
I disagree with you. Companies do not operate on kindness. If Ford, Chevy, dodge knows that their competitors can not compete directly and fairly due to imposed tariffs do you think they have a reason to lower their prices? Sure they compete with each other... if you can call it that, yet most Americans buy their loyal brands.
The only thing tariffs do is distort markets and make it more difficult for smaller firms who aren’t selected for Tarriff relief to succeed.
I am all for a strong country and manufacturing base, but it can be done in a free-market way. Otherwise it’s just politically connected well heeled companies playing the victim cards because they are not innovating at the pace of their competitors.
I will say this though... why in the world should we buy T-shirts only made in the USA or a number of other products that provide no redeeming quality of manufacturing? To employ monkeys? Our workforce has an obligation to better itself. And many are not keeping up. But it’s our responsibility to keep them paid? By overpaying for a mediocre product? Isn’t that just another name for welfare?
I hope you are right. I do not want to take a tool away from Trump if it’s a lever. I trust him, but if it continues there is little doubt that everything we buy is goIng to increase in price.
I will be watching the pricing indexes closely over the next few months.
I too want to make sure we re-establish our manufacturing strength of which we are actually fairly strong. I just try to temper that thought with the understanding that not all manufacturing is ideal, or worth paying more for.
But thank you for the rationale thoughts.
So... why does that specific tarriff exist?
Have you noticed that GM had close to 630,000 employees in the 70s? Now they have about 170,000. So efficIency has greatly improved, yet our cost are only going up...
Someone mentioned price collusion... I do not have to prove it, instead there is little pricing pressure that exists among the big 3, due to brand loyalty. They simply do not need to lower prices over time...
Now I sure am enjoying my Camaro!
It is far from “established” that OVERALL tariffs increase employment, quite the contrary. They can increase employment in the favored industries but it Decreases employment in non-favored industries.
If they are so good why does the President repeatedly say that the goal is no tariffs? He clearly recognizes that it is a political instrument to be avoided if possible.
We can’t tax imports enough to fund the government not even close. That possibility left the room when the Civil War broke out and won’t come back in.
The world we live in has income taxes and they are not even close to the graft and corruption of the State legislatures during the time of the tariff. We will never escape that reality of income taxes. We would all like no taxes including the hidden ones, like the tariff. See “The Scarlet Woman of Wall Street for a slice of the real world.
They are political instruments with economic costs.
Tariffs are political instruments. No way around it.
Several million, no doubt.
Give the man a medal.
Such a point just bounces off the heads of the religiously antis.
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