Some things never change.
Here's one good argument.
Here’s why they are all bark no bite. https://t.co/BRV1XJ6SFc pic.twitter.com/nOQMOyLBen— Alan Roberts (@TheMFingCOO) February 1, 2025
Posted on 02/02/2025 2:50:51 PM PST by karpov
After months of uncertainty, the White House has finally announced tariffs on Mexico, Canada, and China. The uncertainty since the election and especially the lack of clear communication in the past several days have caused apprehension in the stock market, which is likely part of the reason why these measures were announced on a Saturday, when the markets are closed — always a sign of confidence that an economic policy decision is the right one.
The stated purpose is to reduce the flow of illegal drugs and immigrants to the U.S. Trump has had success using blunt-force threats in the past, but this is a costly, disruptive way to pursue the supposed goals, and Trump may just want the tariffs for their own sake.
The White House is perpetuating the fiction that foreigners pay tariffs. We know from previous efforts that roughly the entire cost of the tax is passed on to American consumers and businesses. And retaliation from other countries will only make the taxes increase, as the order contains automatic hikes when the other governments respond. It is a downward spiral in which all countries will be made worse off.
These tariffs are far more severe than previous efforts. The China tariffs imposed in 2018 applied to about $350 billion worth of imports from a country the government views as an adversary. These tariffs are on about $1.4 trillion worth of imports, over $900 billion of which are from neighbors.
And tariffs this large will cause the dollar to appreciate — one effect of which is to make illegal drugs from other countries cheaper for Americans to buy.
The tariffs are 25 percent on all goods from Mexico and 25 percent on all goods from Canada except energy, which will be taxed at 10 percent.
(Excerpt) Read more at nationalreview.com ...
I find myself in complete disagreement with anything this site has to offer, but we shall see who is right & who is wrong.
Trump is using these tariffs to take Canada’s and Mexico’s socialist governments to the wood shed.
If you are a Canadian, do not elect such village idiots as these lefty socialist DAVOS woke liberals.
Get the message yet Canada?
RE: I find myself in complete disagreement with anything this site has to offer, but we shall see who is right & who is wrong.
I would be grateful to read your refutations of the points raised by the author
If I was on the fence over tariffs, which I’m not, National Review being against them would convince me we really need them. That rag is nothing but a bunch of leftist globalist creeps.
Swamp spin.
More blather from the pedophiles at NR.
L
It will make some things more expensive in the short term. No question. He needs to unshackle energy production to offset the price increases due to tariffs.
If I was a bit nervous about all this, NR’s editorial makes me feel better. When was the last time they got anything right?
The “girly boys” at National Review doing their “think tank” employment, are unhappy that their pro foreigner policies are going kaput.
“Tough Crap.”
The time of National Review being the gatekeepers of conservatism was a long time ago. They got rid of Pat Buchanan but history has shown that he was right and they wrong.
We would be grateful for you to tell us why the NRO never Trumpers are right
Some things never change.
Here's one good argument.
Here’s why they are all bark no bite. https://t.co/BRV1XJ6SFc pic.twitter.com/nOQMOyLBen— Alan Roberts (@TheMFingCOO) February 1, 2025
The obscure National Review still even exists? Who’d a thunk it.
Bump! And to the US too...
As of now, the S&P 500 futures are down about 100, or 1.7%
Let the energy flow and shut down the government restraints. America will be solid. Mexico and Canada can be great allies or continue to be weak and adversarial. China needs to be punched in the mouth.
Ahh yes the National Review to the defense of the status quo.
What the national review is missing is that tariffs, like taxes, aren’t always for revenue purposes, sometimes they are enacted to alter behavior.
Trump goal is not to tax, but to compel behavior
Bottom line, tariffs are charged on American goods throughout the World. Where is the National Review’s articles attacking them as folly. The establishment can’t get enough of America Last.
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