Qanon -The Storm

#16,401
#16,401
Septic said:
Wow.

They were given, GIFTED $32 BILLION. Tariff revenues my ass.

If a democrat had in had been in office and done this you guys would have absolutely freaked the f*** out. Endlessly screeching about socialism...

But since it was trump, you whistle past the grave yard and ask moronic questions like "who has suffered from the trade war?"
Click to expand...
Did you answer the question? I must’ve missed it.
 
#16,402
#16,402
Septic said:
For not being outraged by whatever "Chi-na" outrage they feel everyone should be clutching their pears over today. There boy just spent 4 years on his knees in front of Putin and suddenly they care about foreign influence. How refreshing... Must feel like home to them again.

This is almost as laughable as them starting to wag their fingers at the dems for being immoral again.
Click to expand...
🍐🍐🍐
 
#16,403
#16,403
  • Like
Reactions: TN Ribs
#16,404
#16,404
ajvol01 said:
Who has suffered from the Trade War?

I know farmers did, but were getting aid from tariff revenues. I never saw any massive impact to our economy via inflation or lack of supply.
Click to expand...

If sales tax in every state went up 0.50% would most people notice? Would it have a negative impact on the economy? If people in restaurants and retail lost their jobs because of this, would they even know why?

One reason why tariffs are attractive politically is it's hard for people to see how the problem is hurting us. You're not supposed to notice unless you lose your job and your boss tells you what happened or if the news tells you what happened.

Is losing tens of thousands of jobs in the solar industry a "massive impact" because the trade war devastated that industry. Did Fox News not cover that one? Weird.

Under Trump's Tariffs, The US Lost 20,000 Solar Energy Jobs
Study: Solar Tariffs Cause Devastating Harm to U.S. Market, Economy and Jobs | SEIA
 
#16,405
#16,405
Septic said:
The American tax payer suffers and the American consumer suffers.

Are you really this obtuse or do you just have this little understanding of economics?

Do yourself a favor and educate yourself before weighing in any further.

Who pays Trump's tariffs, China or U.S. customers and companies?
Click to expand...
In theory you’re correct.

In reality the CCP paid the difference by propping up the Chinese economy to reduce the cost of goods and offset the tariffs. There was no significant negative economic impact of tariffs on the US economy.
 
#16,406
#16,406
ajvol01 said:
In theory you’re correct.

In reality the CCP paid the difference by propping up the Chinese economy to reduce the cost of goods and offset the tariffs. There was no significant negative economic impact of tariffs on the US economy.
Click to expand...

C'mon man, we tackle a lot of muddy, easily obfuscated and subjective topics on these forums. This isn't one of them.


More pain than gain: How the US-China trade war hurt America

Trade war costs to consumers, companies and nations

Tracking the Economic Impact of Tariffs

Key Findings
  • We estimate that the Trump administration’s imposition of tariffs, along with retaliatory actions taken by our trading partners, will reduce economic output, income, and employment.
  • The Trump administration has so far imposed $80 billion worth of new taxes on Americans by levying tariffs on thousands of products, which is equivalent to one of the largest tax increases in decades (the 17th largest tax increase as a share of GDP since 1940).
  • Tariffs imposed so far by the Trump administration are estimated to reduce long-run GDP by 0.23 percent, wages by 0.15 percent, and employment by 179,800 full-time equivalent jobs.
  • The administration’s outstanding threats to impose additional tariffs would, if acted upon, further reduce GDP by 0.24 percent, wages by 0.17 percent, and employment by 184,200 full-time equivalent jobs.
  • The negative economic effects of imposed, threatened, and retaliatory tariffs threaten nearly a third of the projected long-term economic gains from the Tax Cuts and Jobs Act.
 
#16,407
#16,407
ajvol01 said:
In theory you’re correct.

In reality the CCP paid the difference by propping up the Chinese economy to reduce the cost of goods and offset the tariffs. There was no significant negative economic impact of tariffs on the US economy.
Click to expand...

Just make up whatever reality you want. It is the Q thread
 
#16,409
#16,409
Septic said:
For not being outraged by whatever "Chi-na" outrage they feel everyone should be clutching their pears over today. There boy just spent 4 years on his knees in front of Putin and suddenly they care about foreign influence. How refreshing... Must feel like home to them again.

This is almost as laughable as them starting to wag their fingers at the dems for being immoral again.
Click to expand...
Thought it was "their" hahaha thanks for the education tank!
 
#16,412
#16,412
#16,414
#16,414
#16,418
#16,418
#16,419
#16,419
Septic said:
Geezus. Really?

This is econ 101 my man.

I left a number of links that explicitly stated how and why. Here's a couple more that directly and succinctly answer your question.

The Basics Of Tariffs and Trade Barriers.

What are Tariffs and How do They Affect You?
Click to expand...

And yet the END RESULT of 2019 was 1.8% inflation, so sorry consumers have not been impacted by tarriffs, regardless of your google fu

See I can find mine as well, 9 months after tariffs were enacted,

U.S. enjoys best manufacturing jobs growth of the last 30 years - MarketWatch

Regardless, I find the lack of understanding of the Chinese threat to be troublesome. I am astounded that libertarians do not acknowlege that this trade is benefiting a repressive regime whose values are so opposed to one's personal liberties.
 
#16,420
#16,420
Orangeburst said:
And yet the END RESULT of 2019 was 1.8% inflation, so sorry consumers have not been impacted by tarriffs, regardless of your google fu

See I can find mine as well, 9 months after tariffs were enacted,

U.S. enjoys best manufacturing jobs growth of the last 30 years - MarketWatch

Regardless, I find the lack of understanding of the Chinese threat to be troublesome. I am astounded that libertarians do not acknowlege that this trade is benefiting a repressive regime whose values are so opposed to one's personal liberties.
Click to expand...

Wow.

Did you not read anything spooned over to you? You asked "how tariffs negatively affected consumers", not how tariffs help domestic manufacturing. No competition drives prices up, artificially benefitting the domestic producer. Tariffs are used to restrict imports by increasing the price of goods and services purchased from another country, making them less attractive to domestic consumers. By default, domestic production will increase BECAUSE American domestic consumers are forced to pay higher prices. Thumping ones chest about "best manufacturing growth in 30 years" would be on table if the argument were about unemployment - but our argument is about how tariffs hurt consumers.

Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result. Tariffs also reduce efficiencies by allowing companies that would not exist in a more competitive market to remain open.
Click to expand...

In an admitted appeal to authority - In a survey of economists, the Trump administration’s new tariff was very poorly received. Almost 80% of the 60 economists surveyed believed that the tariffs on steel and aluminum imports would actually harm the U.S. economy, with the rest believing that the tariffs would have little to no effect. None of the economists surveyed thought that the tariffs would benefit the economy.

Truthfully, I'm a bit puzzled that you keep arguing this point when the data is so overwhelming. Perhaps, you just haven't connected the dots yet that free trade will ALWAYS benefit the consumer the most.
 
#16,421
#16,421
Septic said:
Wow.

Did you not read anything spooned over to you? You asked "how tariffs negatively affected consumers", not how tariffs help domestic manufacturing. No competition drives prices up, artificially benefitting the domestic producer. Tariffs are used to restrict imports by increasing the price of goods and services purchased from another country, making them less attractive to domestic consumers. By default, domestic production will increase BECAUSE American domestic consumers are forced to pay higher prices. Thumping ones chest about "best manufacturing growth in 30 years" would be on table if the argument were about unemployment - but our argument is about how tariffs hurt consumers.



In an admitted appeal to authority - In a survey of economists, the Trump administration’s new tariff was very poorly received. Almost 80% of the 60 economists surveyed believed that the tariffs on steel and aluminum imports would actually harm the U.S. economy, with the rest believing that the tariffs would have little to no effect. None of the economists surveyed thought that the tariffs would benefit the economy.

Truthfully, I'm a bit puzzled that you keep arguing this point when the data is so overwhelming. Perhaps, you just haven't connected the dots yet that free trade will ALWAYS benefit the consumer the most.
Click to expand...

Yet it had little to no impact on the cost of goods, so NO. I could care less what it costs anyways, as the macro affect of a stronger China, which only obtained prominence by international trade and keeps its citizens employed and and not at the gates of leadership. Not to mention the trillions we have to spend of defense over the coming decade to restrain the dragon.
 
  • Like
Reactions: ajvol01
#16,422
#16,422
Orangeburst said:
Yet it had little to no impact on the cost of goods, so NO. I could care less what it costs anyways, as the macro affect of a stronger China, which only obtained prominence by international trade and keeps its citizens employed and and not at the gates of leadership. Not to mention the trillions we have to spend of defense over the coming decade to restrain the dragon.
Click to expand...
Why is it completely ignored that China was allowed to join the World Trade Organization with 3rd world status?

Communist China should not have been allowed to join the WTO in the first place based on human rights violations.

China ‘developing nation’ status exploits benefits on trade, carbon emissions
 
  • Like
Reactions: Rickyvol77 and Orangeburst
#16,423
#16,423
#16,424
#16,424
Orangeburst said:
Yet it had little to no impact on the cost of goods, so NO. I could care less what it costs anyways, as the macro affect of a stronger China, which only obtained prominence by international trade and keeps its citizens employed and and not at the gates of leadership. Not to mention the trillions we have to spend of defense over the coming decade to restrain the dragon.
Click to expand...

Inflation for the entire economy was 1.4% and you think that's checkmate with regard to specific tariffs? Wtf.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top