President Donald Trump - J.D. Vance Administration

#3,854
#3,854
n_huffhines said:
There are two right wing groups here on VN:

1) people incapable of understanding that tariffs cause long run inflation
2) people that finally understand it but aren't interested in helping the slow people

Edit: in fairness, there are probably a few who always understood but barely seem to care, for some reason.
Click to expand...
Targeted tariffs do nothing of the sort. But hey you are the genius on here, so explain how they would.

Lemme guess. You don't have time to stoop to my level to explain it. In other words, you are spewing more of your usual ********.
 
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#3,857
#3,857
SpaceCoastVol said:
Targeted tariffs do nothing of the sort. But hey you are the genius on here, so explain how they would.

Lemme guess. You don't have time to stoop to my level to explain it. In other words, you are spewing more of your usual ********.
Click to expand...
Every nation has tariffs..when are people going to get that their thick skulls?

www.pwc.com

Recent changes in Mexican tariff regime affect US companies with manufacturing operations in Mexico

US companies manufacturing in Mexico under the IMMEX program may be impacted due to recent changes in Mexico's tariff regime.
www.pwc.com www.pwc.com

www.bbc.com

Canada slaps retaliatory tariffs on US aluminium goods

The retaliatory move comes after Canada's deputy prime minister promised a "dollar for dollar" fight
www.bbc.com www.bbc.com
 
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#3,862
#3,862
n_huffhines said:
There are two right wing groups here on VN:

1) people incapable of understanding that tariffs cause long run inflation
2) people that finally understand it but aren't interested in helping the slow people

Edit: in fairness, there are probably a few who always understood but barely seem to care, for some reason.
Click to expand...

Can you put it in a nice meme?
 
#3,863
#3,863
SpaceCoastVol said:
Targeted tariffs do nothing of the sort. But hey you are the genius on here, so explain how they would.

Lemme guess. You don't have time to stoop to my level to explain it. In other words, you are spewing more of your usual ********.
Click to expand...

Can you explain why targeted tariffs do not cause inflation?

I can explain it. I doubt you are willing to learn anything, but I'll still do it.

Anytime you increase production cost, somebody has to eat that. The party who eats it depends on something called price elasticity. It's kind of a confusing concept to explain in detail, but just look at it like this...if the seller has more market power, then the buyer eats the cost. If the buyer has more power, the seller eats the cost. Those are polar examples to illustrate the point, but usually what happens is both parties share the burden of the cost increase.

So say I make widget X for $25 and sell it to you for $50 and the government imposes a tariff of $10, I will try to pass that cost along to you. If you won't buy it for $60 and I won't sell it for $50, then we're done doing business altogether. What usually ends up happening is that I eat $5 of the $10 and sell it to you for $55, and thus you are experiencing inflation and carrying part of the burden of the tariffs.

Whether or not there is inflation has nothing to do with whether or not the tariff is "targeted." It causes inflation if it is an inelastic good. In some cases we might stumble onto a tariff of an elastic good where prices don't increase but our tax revenue does if the supplier continues to supply. But since I have never heard Trump or any of his zealots even say the words "elasticity" and "inelasticity" I'm pretty confident they're not even thinking about this ****.
 
#3,864
#3,864
n_huffhines said:
Can you explain why targeted tariffs do not cause inflation?

I can explain it. I doubt you are willing to learn anything, but I'll still do it.

Anytime you increase production cost, somebody has to eat that. The party who eats it depends on something called price elasticity. It's kind of a confusing concept to explain in detail, but just look at it like this...if the seller has more market power, then the buyer eats the cost. If the buyer has more power, the seller eats the cost. Those are polar examples to illustrate the point, but usually what happens is both parties share the burden of the cost increase.

So say I make widget X for $25 and sell it to you for $50 and the government imposes a tariff of $10, I will try to pass that cost along to you. If you won't buy it for $60 and I won't sell it for $50, then we're done doing business altogether. What usually ends up happening is that I eat $5 of the $10 and sell it to you for $55, and thus you are experiencing inflation and carrying part of the burden of the tariffs.

Whether or not there is inflation has nothing to do with whether or not the tariff is "targeted." It causes inflation if it is an inelastic good. In some cases we might stumble onto a tariff of an elastic good where prices don't increase but our tax revenue does if the supplier continues to supply. But since I have never heard Trump or any of his zealots even say the words "elasticity" and "inelasticity" I'm pretty confident they're not even thinking about this ****.
Click to expand...
I will concede that it will cause inflation on the targeted item. If we add a 100% tariff to trucks made in Mexico, that doesn't change the price of the trucks made in America or elsewhere for that matter. I for one don't care about whether or not it causes cheap Chinese **** to inflate. What I care about is forcing AAPL and other companies to move their sweatshops to other countries, and that is the ultimate goal. One bite at a time. It took a long time for us to get on our knees to the Chinese. It will take awhile to get off of them.

How much is an American car in Europe by the way?
 
#3,869
#3,869
SpaceCoastVol said:
I will concede that it will cause inflation on the targeted item. If we add a 100% tariff to trucks made in Mexico, that doesn't change the price of the trucks made in America or elsewhere for that matter. I for one don't care about whether or not it causes cheap Chinese **** to inflate. What I care about is forcing AAPL and other companies to move their sweatshops to other countries, and that is the ultimate goal. One bite at a time. It took a long time for us to get on our knees to the Chinese. It will take awhile to get off of them.

How much is an American car in Europe by the way?
Click to expand...

The widgets made in America already cost more, so now that's the only option and you still have inflation because you effectively removed the cheaper alternatives altogether. In this scenario, we end up with higher average prices and no tariff revenue.

And it's not just "cheap Chinese ****." You have in your head cheap finished products. Steel is an input good. China makes good steel which we then put in our cars in American manufacturing plants that employ Americans. It supports American jobs. You raise the cost of steel, you raise the cost of American cars...you raise the cost of everything in America made of steel.
 
#3,873
#3,873
Franklin Pierce said:

NBC Taps Left-Wing journalist Yamiche Alcindor to Cover Trump in return to White House press corps​


Alcindor served as PBS' White House correspondent during the first Trump administration​


Left-leaning journalist Yamiche Alcindor announced Monday that she will be returning to the White House to cover the incoming Trump administration for NBC News after an extended hiatus.

Alcindor was accused of glaring liberal bias as a PBS White House correspondent and New York Times reporter during President-elect Donald Trump's first term, where she regularly sparred with the president in contentious public exchanges.

View attachment 714555

www.foxnews.com

NBC taps left-wing journalist Yamiche Alcindor to cover Trump in return to White House press corps

Yamiche Alcindor is returning to the White House press corps for NBC News despite her contentious history with the President-elect and his previous administration.
www.foxnews.com www.foxnews.com
Click to expand...
Dear God….

1736909643021.png
 
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#3,875
#3,875

Shockwave in Washington: WaPo Editorial Board Endorses 19 Trump Nominees​


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In a surprising shift, a liberal outlet’s editorial board issued a mass endorsement of 19 of President-elect Donald Trump’s judicial nominees— a move that has so many Democrat bureaucrats resistant to his picks. While the liberal-leaning newspaper has often been critical of Trump, this endorsement highlights his picks' quality and sound qualifications, many of whom have been praised for their expertise and commitment to the Constitution. The decision also signals a potential turning point in the broader political landscape, as even some traditionally left-leaning outlets acknowledge the lasting impact of Trump’s legacy.


The Washington Post’s editorial board published a detailed chart demonstrating a readiness to assess nominees based on their qualifications and potential performance rather than adhering to partisan biases. Despite spending the past eight years attacking Trump and warning about his so-called threat to “democracy,” the WaPo acknowledged that the incoming president deserves recognition in forming his administration.

The liberal outlet deemed 19 of the 23 individuals “acceptable” for the perspective roles, including Florida Sen. Marco Rubio (R), who is being considered for Trump’s Secretary of State; former Attorney General Pam Bondi, who would head the Justice Department; and former Gov. Kristi Noem (R-S.D.), who would lead Homeland Security.

On the other hand, the editorial board viewed Tulsi Gabbard, Trump’s pick for the Director of National Intelligence, and Russell Vought, the president-elect’s top choice for the Office of Management and Budget, as unfit to serve in the incoming administration.

townhall.com

Shockwave in Washington: WaPo Editorial Board Endorses 19 Trump Nominees

townhall.com townhall.com
 
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