Tariffs are working

10,206 Views | 107 Replies | Last: 10 mo ago by ag94whoop
Ragoo
How long do you want to ignore this user?
AG
Ducks4brkfast said:

CenTexSmoke said:

MouthBQ98 said:

It helps those investors and workers. Will that future steel production offset current price increases for many consumers? It depends on what your goals are and how you weigh opportunity costs and consequences.


I own a steel fabrication shop. I haven't really noticed the tariffs a whole lot in our material bills yet. But I'd gladly pay higher cost and have American made steel. The end.
I do too and I am seeing about a 3% increase thus far. We're also anticipating monthly price increases from here on out. That said, I'm mostly buying straight from the mill.
3% on the steel or blended with labor on an absolute basis? I e seen the latter in my procurement.
Red Fishing Ag93
How long do you want to ignore this user?
AG
BigRobSA said:

Red Fishing Ag93 said:

BigRobSA said:

AgGrad99 said:


Quote:

Agreed.

Attack the problem like a conservative, instead, though
Not opposed to that by any means.

But I dont know another solution to fixing the imbalance. When I have to compete with the Chinese manufacturer, who's being subsidized by the Government (sometimes owned/controlled outright), I dont know what the solution is. They have a very unfair price advantage, because it's very manipulated market.


Tariffs won't fix the issue, unless you're willing to agree that liberalism ever works. Tariffs are liberal fiscal policy.

Massive deregulation. (Actually helps bring back mfg)
Gut spending.
Extra-massive tax cuts, of all types. (Helps fuel business reinvestment.)


WTH are keeping repeating this liberal argument.

Tariffs, also known as protectionism, have a long, long history of being done by the GOP.


That's not the argument you think it is. The GOP isn't overly conservative and hasn't been for a long, long time.
Oh really. How long are you talking about?

I think everyone is well aware the R's have lost the conservative principles for the most part.

But GOP protectionism using tariffs goes way, way back, 1700s, and is hardly a liberal talking point.

And by the way, your so-called conservative plan to reduce regulation, etc. wouldn't do anything to discourage foreign tariffs on us.

While your ideas are good and still should be, and probably are, being done, they would more likely increase foreign tariffs on us than decrease them.
Ducks4brkfast
How long do you want to ignore this user?
AG
Just the steel
MouthBQ98
How long do you want to ignore this user?
AG
Just because the free trade is somewhat manipulated and distorted, it does not follow it is beneficial to manipulate and distort it more. If your goal is to favor certain Americans over other Americans for political reasons then these policies can do that, but any tax or regulation does introduce some level of inefficiency as a net cost.
Ragoo
How long do you want to ignore this user?
AG
Ducks4brkfast said:

Just the steel
I see. The impact I've seen here is a run on supply. Gut tells me this cools over the next few months as everyone rushed to secure mill space or buy available inventory.
Ragoo
How long do you want to ignore this user?
AG
Also if any of you guys in steel fab are ASME shops I am interested in learning your capabilities.
mm98
How long do you want to ignore this user?
AG
KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too
Kansas Kid
How long do you want to ignore this user?
mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
Ragoo
How long do you want to ignore this user?
AG
Kansas Kid said:

mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
well, $1500 is still entering the economy. Maybe this individual does less of those things but the recipient can do more.
Kansas Kid
How long do you want to ignore this user?
Ragoo said:

Kansas Kid said:

mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
well, $1500 is still entering the economy. Maybe this individual does less of those things but the recipient can do more.

So we can put you down for inflation is a great thing or at least doesn't harm things because it just means more money in other peoples pockets.
Ragoo
How long do you want to ignore this user?
AG
Kansas Kid said:

Ragoo said:

Kansas Kid said:

mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
well, $1500 is still entering the economy. Maybe this individual does less of those things but the recipient can do more.

So we can put you down for inflation is a great thing or at least doesn't harm things because it just means more money in other peoples pockets.
mark me down as growing the economy is a good thing. And if those dollars stay domestic the growth is real and not on paper.

The flywheel of the economy is spinning the wrong direction. It will take a bit of pain initially to stop that inertia and get it spinning correctly. But once that happens we will all forget these petty tariff discussions.
Kansas Kid
How long do you want to ignore this user?
Ragoo said:

Kansas Kid said:

Ragoo said:

Kansas Kid said:

mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
well, $1500 is still entering the economy. Maybe this individual does less of those things but the recipient can do more.

So we can put you down for inflation is a great thing or at least doesn't harm things because it just means more money in other peoples pockets.
mark me down as growing the economy is a good thing. And if those dollars stay domestic the growth is real and not on paper.

The flywheel of the economy is spinning the wrong direction. It will take a bit of pain initially to stop that inertia and get it spinning correctly. But once that happens we will all forget these petty tariff discussions.

If you want to grow the economy, cut out 80% of the regulations and eliminate corporate taxes and watch businesses invest like crazy. Every time we have done tariffs, the vast majority show a net loss of jobs in the economy. You might create a few jobs making steel for instance but cost tens of thousands of jobs that convert steel into value added finished goods.

Increasing taxes, which is what tariffs do, has never grown the economy nor has violating the economic concept of comparative advantage. The idea of more taxes creates jobs sounds like what Bernie Sanders, Obama, and Biden say when they think the government creates jobs.
Brother Shamus
How long do you want to ignore this user?
Great tariffs are workin but I'm still looking at high tax liabilities.
JamesPShelley
How long do you want to ignore this user?
Kansas Kid said:

Ragoo said:

Kansas Kid said:

Ragoo said:

Kansas Kid said:

mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
well, $1500 is still entering the economy. Maybe this individual does less of those things but the recipient can do more.

So we can put you down for inflation is a great thing or at least doesn't harm things because it just means more money in other peoples pockets.
mark me down as growing the economy is a good thing. And if those dollars stay domestic the growth is real and not on paper.

The flywheel of the economy is spinning the wrong direction. It will take a bit of pain initially to stop that inertia and get it spinning correctly. But once that happens we will all forget these petty tariff discussions.

If you want to grow the economy, cut out 80% of the regulations and eliminate corporate taxes and watch businesses invest like crazy. Every time we have done tariffs, the vast majority show a net loss of jobs in the economy. You might create a few jobs making steel for instance but cost tens of thousands of jobs that convert steel into value added finished goods.

Increasing taxes, which is what tariffs do, has never grown the economy nor has violating the economic concept of comparative advantage. The idea of more taxes creates jobs sounds like what Bernie Sanders, Obama, and Biden say when they think the government creates jobs.
That.
Ragoo
How long do you want to ignore this user?
AG
JamesPShelley said:

Kansas Kid said:

Ragoo said:

Kansas Kid said:

Ragoo said:

Kansas Kid said:

mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
well, $1500 is still entering the economy. Maybe this individual does less of those things but the recipient can do more.

So we can put you down for inflation is a great thing or at least doesn't harm things because it just means more money in other peoples pockets.
mark me down as growing the economy is a good thing. And if those dollars stay domestic the growth is real and not on paper.

The flywheel of the economy is spinning the wrong direction. It will take a bit of pain initially to stop that inertia and get it spinning correctly. But once that happens we will all forget these petty tariff discussions.

If you want to grow the economy, cut out 80% of the regulations and eliminate corporate taxes and watch businesses invest like crazy. Every time we have done tariffs, the vast majority show a net loss of jobs in the economy. You might create a few jobs making steel for instance but cost tens of thousands of jobs that convert steel into value added finished goods.

Increasing taxes, which is what tariffs do, has never grown the economy nor has violating the economic concept of comparative advantage. The idea of more taxes creates jobs sounds like what Bernie Sanders, Obama, and Biden say when they think the government creates jobs.
That.
cutting regulation, great. Which regulation? How far do we cut them? Specifically how will corporate behavior change with these regulations cut? Sounds great on the internet but without specifics it is just a platitude.

Cutting corporate taxes, also great. Which taxes and how far do we cut them? Why corporate taxes and not individual income taxes? The individual is always the argument against tariffs so why not keep the corporate taxes but cut income taxes on individuals? How will cutting corporate taxes change behavior of corporations? Why would they suddenly invest versus taking the savings right to the bottom line to grow share price? And where does the offsetting revenue come from?

Raising tariffs immediately generates revenue while giving the govt a lever to make these other cuts staying net revenue neutral.

Again flywheel, pain, flywheel, no pain.

BigRobSA
How long do you want to ignore this user?
Ragoo said:

JamesPShelley said:

Kansas Kid said:

Ragoo said:

Kansas Kid said:

Ragoo said:

Kansas Kid said:

mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
well, $1500 is still entering the economy. Maybe this individual does less of those things but the recipient can do more.

So we can put you down for inflation is a great thing or at least doesn't harm things because it just means more money in other peoples pockets.
mark me down as growing the economy is a good thing. And if those dollars stay domestic the growth is real and not on paper.

The flywheel of the economy is spinning the wrong direction. It will take a bit of pain initially to stop that inertia and get it spinning correctly. But once that happens we will all forget these petty tariff discussions.

If you want to grow the economy, cut out 80% of the regulations and eliminate corporate taxes and watch businesses invest like crazy. Every time we have done tariffs, the vast majority show a net loss of jobs in the economy. You might create a few jobs making steel for instance but cost tens of thousands of jobs that convert steel into value added finished goods.

Increasing taxes, which is what tariffs do, has never grown the economy nor has violating the economic concept of comparative advantage. The idea of more taxes creates jobs sounds like what Bernie Sanders, Obama, and Biden say when they think the government creates jobs.
That.
cutting regulation, great. Which regulation? How far do we cut them? Specifically how will corporate behavior change with these regulations cut? Sounds great on the internet but without specifics it is just a platitude.

Cutting corporate taxes, also great. Which taxes and how far do we cut them? Why corporate taxes and not individual income taxes? The individual is always the argument against tariffs so why not keep the corporate taxes but cut income taxes on individuals? How will cutting corporate taxes change behavior of corporations? Why would they suddenly invest versus taking the savings right to the bottom line to grow share price? And where does the offsetting revenue come from?

Raising tariffs immediately generates revenue while giving the govt a lever to make these other cuts staying net revenue neutral.

Again flywheel, pain, flywheel, no pain.



Cut MW laws, remove onerous EPA and other environmental regulations, repeal Obamacare (raises price of medical insurance and care, often a benefit of corporate America and a cost), repeal Sarbanes-Oxley and other silly financial reporting that is a fiscal burden on American companies, etc.

Cut ALL taxes. Corporate to zero, cut individual too but we're speaking to things that will help bring mfg jobs back the US. Individual taxes aren't part of THAT.

Why is the left's reaction to things (tariffs are fiscal Liberalism) always to tax citizens more?
Ragoo
How long do you want to ignore this user?
AG
BigRobSA said:

Ragoo said:

JamesPShelley said:

Kansas Kid said:

Ragoo said:

Kansas Kid said:

Ragoo said:

Kansas Kid said:

mm98 said:

KidDoc said:

Companies are already starting to use tariffs as an excuse to raise prices. We had a new AC quote that was about $1500 higher than expected and they blamed tariffs. Of course they are full of crap because the AC units are made in USA (Rheem)so tariffs shouldn't impact their purchase price.


Could also depend on where Rheem sources their parts. Just because the final assembly is domestic does not mean the entire supply chain is.

However you are correct tariffs will be used anywhere they can for commercial abuse. I'm seeing it in my industry too

Even if all of their unit is made in the US, if the alternative is an import now subject to duties, any rational company will raise prices to a little below the import alternative. Like it or not, that is the rational thing to do for all companies and part of why tariffs are a problem because the $1,500 high costs means $1,500 less for the consumer to use on buying other items like going out to eat, vacation, remodel a house, etc. This leads to less employment in those areas where people have to cut back to cover these higher costs.
well, $1500 is still entering the economy. Maybe this individual does less of those things but the recipient can do more.

So we can put you down for inflation is a great thing or at least doesn't harm things because it just means more money in other peoples pockets.
mark me down as growing the economy is a good thing. And if those dollars stay domestic the growth is real and not on paper.

The flywheel of the economy is spinning the wrong direction. It will take a bit of pain initially to stop that inertia and get it spinning correctly. But once that happens we will all forget these petty tariff discussions.

If you want to grow the economy, cut out 80% of the regulations and eliminate corporate taxes and watch businesses invest like crazy. Every time we have done tariffs, the vast majority show a net loss of jobs in the economy. You might create a few jobs making steel for instance but cost tens of thousands of jobs that convert steel into value added finished goods.

Increasing taxes, which is what tariffs do, has never grown the economy nor has violating the economic concept of comparative advantage. The idea of more taxes creates jobs sounds like what Bernie Sanders, Obama, and Biden say when they think the government creates jobs.
That.
cutting regulation, great. Which regulation? How far do we cut them? Specifically how will corporate behavior change with these regulations cut? Sounds great on the internet but without specifics it is just a platitude.

Cutting corporate taxes, also great. Which taxes and how far do we cut them? Why corporate taxes and not individual income taxes? The individual is always the argument against tariffs so why not keep the corporate taxes but cut income taxes on individuals? How will cutting corporate taxes change behavior of corporations? Why would they suddenly invest versus taking the savings right to the bottom line to grow share price? And where does the offsetting revenue come from?

Raising tariffs immediately generates revenue while giving the govt a lever to make these other cuts staying net revenue neutral.

Again flywheel, pain, flywheel, no pain.



Cut MW laws, remove onerous EPA and other environmental regulations, repeal Obamacare (raises price of medical insurance and care, often a benefit of corporate America and a cost), repeal Sarbanes-Oxley and other silly financial reporting that is a fiscal burden on American companies, etc.

Cut ALL taxes. Corporate to zero, cut individual too but we're speaking to things that will help bring mfg jobs back the US. Individual taxes aren't part of THAT.

Why is the left's reaction to things (tariffs are fiscal Liberalism) always to tax citizens more?
pretty obvious I'm not a leftist.

I am a process engineer though so I look at things as a process.

There are many steps with impacts and benefits to get to the same end result. Picking the right first step and working from there is the challenge. Some steps are easier for the executive to implement. Others require congress to implement so there is more friction to the process.

What you propose sounds great but isn't a knock over the first domino today proposition. That is a multi year negotiation internal across several branches of govt initiative.
aginresearch
How long do you want to ignore this user?
AG
Since you are process engineer and you mentioned friction. Why would you add more friction to our economy by raising taxes, i.e. tariffs?

Someone on another thread mentioned how beneficial the 2018 tariffs on washing machines were. Here is how they turned out:
  • The 1800 jobs that were created cost American consumers $800,000+ each for jobs that paid $50k/annually
  • The costs of the tariffs were passed through 100% to the consumer
  • Because dryers are a complimentary product their costs were raised to offset the effects of the tariff
  • The tariffs may have reduced aggregate US real income by $1.4b per month
  • After the tariffs expired in 2023 prices on washing machines and dryers dropped to pre-tariffs levels

Source: https://www.aeaweb.org/articles?id=10.1257/aer.20190611

That is what tariffs accomplish. Next up vehicles. As a process engineer how can you be in favor of any of this, especially as a conservative? Right now we need downward pressure on prices not additional inflationary pressures. That can be produced by reducing regulations and taxes. Yes it is harder but it is much much better for the long term health of the American economy.
Jason_Roofer
How long do you want to ignore this user?
I am not smart enough to know if the tariffs are working but I do know roofing product costs go up March 31 …. 18% - 25%. So those will be passed onto all insurance carriers and customers. Labor costs do not.
BigRobSA
How long do you want to ignore this user?
Jason_Roofer said:

I am not smart enough to know if the tariffs are working but I do know roofing product costs go up March 31 …. 18% - 25%. So those will be passed onto all insurance carriers and customers. Labor costs do not.


Prices went up?

Sounds like they're "working" as well as all liberal ideas do.
tysker
How long do you want to ignore this user?
AG
Why do people think this type of central planning will wind up any different than the other attempts throughout history?
HoustonAg9999
How long do you want to ignore this user?
again, if Tariffs are so evil why do our major trading partners impose them on us at draconian levels?
Jason_Roofer
How long do you want to ignore this user?
BigRobSA said:

Jason_Roofer said:

I am not smart enough to know if the tariffs are working but I do know roofing product costs go up March 31 …. 18% - 25%. So those will be passed onto all insurance carriers and customers. Labor costs do not.


Prices went up?

Sounds like they're "working" as well as all liberal ideas do.


We deal with increases pretty regularly but they are generally 6-8%. We don't really notice them. This one is a bigger jump but I have not determined what it is related to. Many product are US Made but they have global components. Metal roofing is one example. This is all made in the US, but the raw products are not per my understanding.
aginresearch
How long do you want to ignore this user?
AG
Because they are idiots? Name one economy in the world you'd rather have than ours. Someone else doing something is not validation that it is necessarily a good idea.
HoustonAg9999
How long do you want to ignore this user?
aginresearch said:

Because they are idiots? Name one economy in the world you'd rather have than ours. Someone else doing something is not validation that it is necessarily a good idea.
so just continue to have severe trade deficits? not sure thats a good idea.
aginresearch
How long do you want to ignore this user?
AG
Why is a trade deficit bad? Can you elaborate? What about a capital account surplus is that bad or good?
Ragoo
How long do you want to ignore this user?
AG
aginresearch said:

Since you are process engineer and you mentioned friction. Why would you add more friction to our economy by raising taxes, i.e. tariffs?

Someone on another thread mentioned how beneficial the 2018 tariffs on washing machines were. Here is how they turned out:
  • The 1800 jobs that were created cost American consumers $800,000+ each for jobs that paid $50k/annually
  • The costs of the tariffs were passed through 100% to the consumer
  • Because dryers are a complimentary product their costs were raised to offset the effects of the tariff
  • The tariffs may have reduced aggregate US real income by $1.4b per month
  • After the tariffs expired in 2023 prices on washing machines and dryers dropped to pre-tariffs levels

Source: https://www.aeaweb.org/articles?id=10.1257/aer.20190611

That is what tariffs accomplish. Next up vehicles. As a process engineer how can you be in favor of any of this, especially as a conservative? Right now we need downward pressure on prices not additional inflationary pressures. That can be produced by reducing regulations and taxes. Yes it is harder but it is much much better for the long term health of the American economy.

it was an interesting paper. What I gathered, important tariffs applied to product from specific countries result in little change to the consumer. Import tariffs applied to a product from all external producers is a big change to consumers.

We will see. To date I believe the nature of the tariff discussion has been more the former than the latter but I could be misinformed.

Agree that if applying tariffs is the only step in the process the net effect will be negative. I don't believe that to be the plan however.
HoustonAg9999
How long do you want to ignore this user?
aginresearch said:

Why is a trade deficit bad? Can you elaborate? What about a capital account surplus is that bad or good?
you think financing the debt that trade deficit causes is a good for the USA? It's almost at unsustainable levels.
aginresearch
How long do you want to ignore this user?
AG
What debt? A trade deficit does not produce debt.
aginresearch
How long do you want to ignore this user?
AG
I will say that if the threat of reciprocal tariffs reduces another country's tariffs before the tariffs even go into effect then great! We may still see transient price increases during the lead up but perhaps that is a negative that is worth it for the long term positive of overall lower tariffs on both sides.
nortex97
How long do you want to ignore this user?
AG
This is what Canadian leftists are fighting to protect. Waste/protectionist policies driving $7/liter (CAD) milk.

I think, but could be wrong, their dairy/milk prices are something like 50% higher than ours.
BigRobSA
How long do you want to ignore this user?
HoustonAg9999 said:

again, if Tariffs are so evil why do our major trading partners impose them on us at draconian levels?

Because they're stupid ass liberal morons, too.

Dumb ****s practicing dumb****ery isn't a defense for us to follow suit.
BigRobSA
How long do you want to ignore this user?
aginresearch said:

What debt? A trade deficit does not produce debt.

What in the hell!?

How would that even work?

I think I see a trend, here.

Less Evil Hank Scorpio
How long do you want to ignore this user?
AG
The tariffs will end up being rolled back, it will be celebrated as a tax cut, and things will get cheaper and there will be no net added jobs. And the MAGAs will celebrate trump lowering taxes. The plan is simple when you have a base that will goaltend and go with anything the leader says.
ag94whoop
How long do you want to ignore this user?
AG
GarlandAg2012 said:

The tariffs will end up being rolled back, it will be celebrated as a tax cut, and things will get cheaper and there will be no net added jobs. And the MAGAs will celebrate trump lowering taxes. The plan is simple when you have a base that will goaltend and go with anything the leader says.
You literally just described almost all politics. We have witnessed it from both sides for decades, most recently to an extreme level with the democrats. Unfortunately not many people are able to step back and see things as they really are because 1) its not easy to do, and 2) the "news" and media are all biased one direction or another.
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.