Posted on 06/19/2018 5:20:46 AM PDT by reaganaut1
In recent weeks, several major rounds of tariffs have moved from proposals to realities, and major new tariffs have been threatened—shifting the stakes for President Donald Trump’s trade actions on the U.S. economy.
Tariffs raise the price of imported goods, increasing costs to consumers, and making domestic producers (who don’t face the tariff) more competitive.
Examples of how new tariffs might ripple through the economy have already been provided by earlier, smaller rounds of tariffs. These earlier examples also show why broad effects from tariffs, on the otherwise booming U.S. economy, might be hard to detect.
One of the first to go into effect under Mr. Trump came in January, with the imposition of 20% tariffs on washing machines.
While tariffs are formally paid by whomever imports the goods, the importers can pass their costs along to consumers. In the case of washing machines, that happened quickly: The index for laundry equipment in the Labor Department’s consumer-price Index, the nation’s main gauge of inflation, shot up by about 17% over the past three months.
...
Mr. Trump’s steel and aluminum tariffs were announced March 1. For some countries they went into effect quickly. The European Union, Canada and Mexico were given more time to negotiate, but those extensions expired at the beginning of this month.
Prices for different types of steel and aluminum began to climb almost immediately, posting the biggest three-month price increase that has been recorded in years. While clearly inflationary and unwelcome for metal consumers, the jump in prices isn’t that much larger than typical volatility in the metals. And only a small portion of the metals ends up in consumer goods.
(Excerpt) Read more at wsj.com ...
Well, they are like a tax increase...
on the Chinese and Europeans
Politics and economics mesh, they are really the same thing. Whether pointy headed green eye shade arm banded ledger types like it or not, that is reality.
The 30 year globalist experiment in "Free Trade" is an abject failure. Why? because the rest of the of world did't play along and used us like cheap whores.
There will be a modicum of inflation and job INCREASES. You are an economic idiot.
Easy peasy.
with tariffs you get manufacturing jobs and all of the services and design work that goes with manufacturing, plus agricultural jobs with all the services which support agriculture.
We did the same a few years back. I THINK that Whirlpool, Maytag, Kitchenaid, Amana(all the same company) are still made in Iowa. GE were all made in Mexico. Bosch made in Germany. Samsung & LG were made in South Korea. Fisher/Paykel(sp?) were made in New Zeeland.
We ended up buying a KitchenAid dishwasher and a Kenmore(Whirlpool) French door fridge.
Paying a few pennies on the dollar more for Wal Mart junk is not much of a sacrifice.
So yo like progressive income tax over a consumption tax. Is your first name Karl?
So you like progressive income taxes over a consumption tax. Is your first name Karl?
You could say that about EVER other country in the world you idiot. The all have higher tariffs than the USA. ALL OF THEM.
Of course. So do most all Americans.
If that were not the case, taxation at the federal level would be different
Exactly.
Appliances have to be tracked by individual models. Few brands are made exclusively in the USA, no matter how much PR says otherwise.
And I have already answered your question. Are you capable of reading? Are you capable of understanding what you read? You show no evidence of either capability.
If you’d had ever read the Constitution you’d know the income tax is not in there but tariffs are.
The traitor check in. Do your Chinese handlers know how hard you work?
I already answered your stupid question before you even asked it.
You get it. A tricorne hat for you!
It is my opinion having recently replaced several appliances that Whirlpool appliances are American made.
When searching for a refrigerator, We went to Home Depot for the Veterans Day sale. They had moved 5 of the side by side refrigerator /freezers into a row for easy comparison. It turns out though having different brand names, all were made by whirlpoo companies. The warranty registration was made via the Whirlpool on line customer service site.
The unit we bought was cosmetically nearly to the 26 year old same brand replacement.
What Free Traitors want you to believe is that the supply function is static and no new domestic suppliers will EVER come on line. Despite their best efforts brand new factories are still being built in the USA all the time. Not as many as are closed mind you but the situation is dynamic and not static. With more domestic supply will mean pressure to reduce prices.
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