New Tariff Pricing starts now

Geo said:
You need to dig a bit deeper for the answer to that question. Unfortunately, you only have a spoon.
Click to expand...

Haha yeah I'm sure you could easily and succinctly explain it to me if you wanted, you know, with all that understanding you totally, definitely have.
 
  • Like
Reactions: Geo
TheGreatGreen said:
I think the word you're looking for is "relevant."

Either way, if you want to go in that direction, then the question for this thread is how exactly you think Trump's tariffs will improve a possible US default in 2028.
Click to expand...
The idea as I understand is that the tariffs will promote investment by foreign companies in the United States in order to maintain US markets. They also generate revenue by taxing companies like Apple who make a shit ton by manufacturing in China and selling here. They are also somehow supposed to make American manufacturing more competitive, although I don't really understand how, because if American manufacturing was more competitive the jobs wouldn't have been shipped to China (For example) in the first place. As for protecting US industries, to the extent that they exist they might get a boost domestically but I don't see how tariffs will help them be more competitive internationally.
 
1744997136879.gif
 
Bad Brain said:
The idea as I understand is that the tariffs will promote investment by foreign companies in the United States in order to maintain US markets. They also generate revenue by taxing companies like Apple who make a shit ton by manufacturing in China and selling here. They are also somehow supposed to make American manufacturing more competitive, although I don't really understand how, because if American manufacturing was more competitive the jobs wouldn't have been shipped to China (For example) in the first place. As for protecting US industries, to the extent that they exist they might get a boost domestically but I don't see how tariffs will help them be more competitive internationally.
Click to expand...

I also doubt the tariffs will make American manufacturing more competitive. I don't think it's possible to make American manufacturing competitive against Asian and Indian manufacturing a this point. Classically, tariffs are imposed so a country will do more to develop its own manufacturing infrastructure, but I don't see that working here because American labor and regulation is so vastly more expensive than any difference a tariff could make up for. A study came out saying that moving iphone production to America could make an iphone cost as much as $100,000. No tariff Trump could possibly impose would make Apple move production here without isolating the entire country from the rest of the planet, which would literally be the end of the American experiment.

After world war 2, American leadership basically traded our manufacturing capacity to Asia in exchange for making the dollar the world trade currency, which skyrocketted its value and America’s position in the world because with everybody using the dollar, America could then excercise a decent degree of control over everybody. Our trade with the world is literally the reason America is so powerful and important. It's what gives us our leverage against the rest of the world. Hamstringing it could be catastrophic to the country.
 
Last edited:
TheGreatGreen said:
Classically, tariffs are imposed so a country will do more to develop its own manufacturing infrastructure, but I don't see that working here because American labor and regulation is so vastly more expensive than any difference a tariff could make up for.
Click to expand...
I think classically tarrifs are levied to protect more than encourage, but that's also possible, and probably the hope. To that end I am optimistic about American innovation, a proven strength of our country.
 
Bad Brain said:
The idea as I understand is that the tariffs will promote investment by foreign companies in the United States in order to maintain US markets. They also generate revenue by taxing companies like Apple who make a shit ton by manufacturing in China and selling here. They are also somehow supposed to make American manufacturing more competitive, although I don't really understand how, because if American manufacturing was more competitive the jobs wouldn't have been shipped to China (For example) in the first place. As for protecting US industries, to the extent that they exist they might get a boost domestically but I don't see how tariffs will help them be more competitive internationally.
Click to expand...

The jobs were shipped to China decades ago by our ruling parasites, starting in the '70s. It took decades to destroy American manufacturing, it's not going to return in 4 years, but at least it is a start in the right direction.

The deficit spending path we've been on (since Gingrich forced Clinton to have not only a balanced budget but a surplus - our largest surplus ever, in FY2000, $237B, and it was the third year surplus in a row) will lead to complete financial collapse once it exceeds a certain percentage of GDP.

most Americans are too stupid to understand deficit spending, GDP, tariffs, etc. most can't even balance their own checking account, or understand how credit and interest work.

the US debt clock is sobering:

https://www.usdebtclock.org/


1744999236628.png
 
rsm said:
The deficit spending path we've been on (since Gingrich forced Clinton to have not only a balanced budget but a surplus - our largest surplus ever, in FY2000, $237B, and it was the third year surplus in a row
Click to expand...
Nice revisionism on Gingrich, whose only role in the surplus was to lessen what it could have been.
This article from 2011 lays it out pretty well but I’m sure you guys will dismiss it as fake news or liberal bias. Even though there’s yearly reports that back it all up.

https://www.americanprogress.org/article/not-so-fast-newt/
 
  • Haha
Reactions: rsm
Products in China will obviously become unsellable by retailers starting in May.. But more importantly, American made guitars will also slightly increase as raw wood, pickup parts (or pickups), tuners, bridges, pots, strap buttons, and cases are all made elsewhere. A lot of retail companies are having all hands on deck zoom meetings about it. Jobs might be lost. Might lose my job.

Hoping it all works out, or Trump's bluffing to get a 'better deal'.. But the rest of the world isn't taking it well, and other countries are starting to open free trade amongst themselves to combat it. It's gonna be a wild ride. Like Trump or not, he's in charge.. Ya gotta hope for the best outcome.
 
The key thing know it all TGG is missing, is the whole tariff issue revolves around China and servicing our debt.
 
  • Like
Reactions: rsm
rsm said:
most Americans are too stupid to understand deficit spending, GDP, tariffs, etc. most can't even balance their own checking account, or understand how credit and interest work.
Click to expand...
My wife worked in banking for about a decade. She would have people come in all the time not understanding how they overdrafted their account because they still had checks in their checkbook. The average person who doesn't pay attention really is financially illiterate. And these same type of people are in charge of government moneys.
 
You must log in or register to reply here.
Back
Top