Trump Tariffs has Countries ready to retaliate?
- Thread starter Over70irregs
- Start date
MyTripisCut
Never bought my own handtruck
Hopefully these penguins nations don’t raise their tariffs and just agree to reduce to zero!
fishtm2001
Well-Known Member
https://theonion.com/trump-assures-...:ing-over-poor-people-soon/?mc_cid=b1ace62d0e
You'll probably have to use a link shortener since it's got a naughty word in it.
Thebrownblob
Well-Known Member
Neither she or this clip aged very well.
FLASHBACK: 30 years ago, Nancy Pelosi demanded Congress confront Chinese tariffs on American goods
Old videos show Rep. Nancy Pelosi, D-Calif., and Sen. Bernie Sanders, I-Vt., defending the use of U.S. tariffs to protect U.S. workers, while today they oppose Trump's tariffs.www.yahoo.com
Over70irregs
Well-Known Member
Down is one way of looking at it. I’m seeing wipe city. They will give you a lil bump to make you feel good then laugh at you behind the scenes as you rock climb with a bungee cord. Remember they are buddies when the camera is off. The red cup is your time/blood on vacation in two months. Notice the guy pointing at you as you look at your OT from last week.
Translation: Buy Bitcoin.
Doublestandards
Well-Known Member
Very convenient how they cut her off right when she starts talking with no further context
Doublestandards
Well-Known Member
I didn’t know you were a fan of Nancy pelosi and Bernie Sanders’s economic policy
Doublestandards
Well-Known Member
It’s amazing how it’s always able to be good news when it’s happening to a Republican. Truly remarkable
Thebrownblob
Well-Known Member
You’d be surprised what you don’t know about me and apparently didn’t know about them.
Over70irregs
Well-Known Member
Trade….mine….just do not stand there and whine….
Doublestandards
Well-Known Member
Some things I feel about these tarrifs and trump
1. One thing Trump gets praised for, and used to defend him constantly for dumb things he says, “he’s just trolling” or “he’s just playing 4d chess” or “he’s just trying to rile up the other side”
He’s already flip flopped on tarrifs with Mexico and Canada multiple times just this year. He’s gone back on his own trade agreements HE MADE in his first year calling them terrible deals
So tell me, why would businesses invest BILLIONS of dollars to move manufacturing to America, when Trump might just later flip flop, or he might be “trolling”? Why would they risk that? They’re going to rather weather the storm, increase prices for consumers and see where this goes. Trump has shown you can’t trust his word. You can’t trust his deals. Corporations aren’t going to uproot and spend billions when Trump could change his mind tomorrow
2. A lot of you guys threw fits over even fast food workers getting raises, saying it would raise prices on McDonald’s, a multi billion dollar company swimming in profits. But we’re going to spend more money on all goods so it can be built here?
3. Even if things DO get built here, you see what’s happening now at ups. Layoffs and automations. But corporations are suddenly going to move everything over here and give Americans a bunch of high paying jobs and everything’s going to be dandy? Or are we going to pay higher prices because of tarrifs, or having companies move here and have everything automated with a few jobs to make up the difference? And that’s going to make up for all the tarrifs?
1. One thing Trump gets praised for, and used to defend him constantly for dumb things he says, “he’s just trolling” or “he’s just playing 4d chess” or “he’s just trying to rile up the other side”
He’s already flip flopped on tarrifs with Mexico and Canada multiple times just this year. He’s gone back on his own trade agreements HE MADE in his first year calling them terrible deals
So tell me, why would businesses invest BILLIONS of dollars to move manufacturing to America, when Trump might just later flip flop, or he might be “trolling”? Why would they risk that? They’re going to rather weather the storm, increase prices for consumers and see where this goes. Trump has shown you can’t trust his word. You can’t trust his deals. Corporations aren’t going to uproot and spend billions when Trump could change his mind tomorrow
2. A lot of you guys threw fits over even fast food workers getting raises, saying it would raise prices on McDonald’s, a multi billion dollar company swimming in profits. But we’re going to spend more money on all goods so it can be built here?
3. Even if things DO get built here, you see what’s happening now at ups. Layoffs and automations. But corporations are suddenly going to move everything over here and give Americans a bunch of high paying jobs and everything’s going to be dandy? Or are we going to pay higher prices because of tarrifs, or having companies move here and have everything automated with a few jobs to make up the difference? And that’s going to make up for all the tarrifs?
Doublestandards
Well-Known Member
CAN TARIFFS REPLACE THE INCOME TAX?
Simply put, no. Tariffs are levied on imported goods, which totaled $3.1 trillion in 2023. The income tax is levied on incomes, which exceed $20 trillion; the US government raises about $2 trillion in individual and corporate income taxes at present. It is literally impossible for tariffs to fully replace income taxes. Tariff rates would have to be implausibly high on such a small base of imports to replace the income tax, and as tax rates rose, the base itself would shrink as imports fall, making Trump’s $2 trillion goal unattainable.A recent Peterson Institute policy brief calculated that revenues from Trump’s 10 percent/60 percent tariff proposals would total about $225 billion per year in current dollars. This figure is certainly an overestimate because it does not account for lower economic growth due to the inevitable economic shocks caused by retaliation against US exporters and the losses suffered by the import-dependent manufacturing sector. Exporters would also be hit by an appreciating dollar, as discussed below.
newfie
Well-Known Member
where did that translator go?
newfie
Well-Known Member
I'm a little rusty on the fan concept i thought posting negatives about someone meant the opposite.
tourists24
Well-Known Member
Isn’t that the media way?
Doublestandards
Well-Known Member
Donald Trump Says Vietnam Offers to Cut Tariffs on America to Zero
President Donald Trump announced that Vietnam wants to drop tariffs on U.S. goods entirely if a deal can be struck between the countries.
www.breitbart.com
Vietnam offers to cut tarrifs on America to zero in response to Trumps tarrifs
But looking up Vietnam’s current tarrifs on America, they are about 1%
Others are saying China will just continue laundering through Vietnam to skirt tarrifs
newfie
Well-Known Member
he does that
you think a 400 percent tariff on the milk we sell is a good deal?
7 trillion dollars so far in new investments from businesses moving here to avoid the tariffs. more in the pipeline.
fits? or was the point made that mcdonalds would use automation to eliminate those jobs? did they do so?
generally you would make this argument if businesses had not committed the 7 trillion dollars of new investment.
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