Author Topic: Dat Tariff  (Read 2158 times)

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Offline tp4tissue

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Dat Tariff
« on: Sat, 07 December 2024, 10:46:42 »
Smoken'Mirrors

or Legit gon' down ?

Thoughts ?



Offline fohat.digs

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Re: Dat Tariff
« Reply #1 on: Sat, 07 December 2024, 17:52:27 »
Tariffs are bad unless there is a specific, well-defined reason for them.
"Starting in 2011, the deficits again started to shrink. During Obama’s term  the deficit was reduced by $900 Billion  before finally in 2015 the GOP managed to wrangle a “reconciliation” bill out of Obama where he again cut corporate taxes, as well as made permanent some of George W. Bush’s original tax cuts. This is the year everything reversed. Before this, under Clinton, Bush and Obama the deficit in almost every year was gradually decreasing. The balance we had of taxes and the economy was bringing the deficit down, the money coming in was slowly catching up with the money going out until 2015. Trump’s subsequent tax cut has continued the new trend even after the rest of Bush’s cuts have since expired. Obama had an average GDP of 2.3%, with 11.6 million jobs created and unemployment peaking at 10% in 2009, then falling to 4.3% in 2016. If we had continued on that downward deficit track, we would have again reached balance and another surplus in 2017-2018.
– Frank V Walton 2025-07-01

Offline tp4tissue

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Re: Dat Tariff
« Reply #2 on: Sat, 07 December 2024, 18:05:23 »
Mechanically, Afghanistan/Iraq put us in a pretty deep recession. If they did implement a tariff, it's going into increased military spending, very little to nothing to do with the domestic use goods.

Offline tp4tissue

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Re: Dat Tariff
« Reply #3 on: Sun, 08 December 2024, 05:39:22 »
Asked around, if the tariff happens, the big assemblers don't have operational plants yet, so there will be a price spike.

And, EVEN ONCE they get the new plants up in south asia, the retailer will keep the prices inflated as long as possible to maintain higher profits.

Offline Leslieann

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Re: Dat Tariff
« Reply #4 on: Sun, 08 December 2024, 15:09:36 »
Asked around, if the tariff happens, the big assemblers don't have operational plants yet, so there will be a price spike.

And, EVEN ONCE they get the new plants up in south asia, the retailer will keep the prices inflated as long as possible to maintain higher profits.

Say you sell a shoe for $10 from China,
I sell a shoe from the US, Singapore, Vietnam, etc for $11 (doesn't matter where)
Add a 20% tariff and now yours now it sells for $12 because you aren't going to just eat that 20%, this is where Trump and Trumpers get it wrong. So now, not only is your (now) $12 shoe not the cheapest, I can now sell mine for $11.95 and still undercut you. If mine is a better product I can even go higher. Why? Why not, it's safe, easy profit.

A tariff isn't punishment, it's a tool to shift manufacturing and profits. Sure, it punishes you, but it also punishes everyone else at the same time. It's a nuke, not a scalpel.
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