Are we all ready for the national sales tax Trump is enacting. Confused? I’m talking about the tariffs. The net effect of the tariffs is just a national sales tax because we are paying it, not foreign countries.
Latest reports are the 15% “sales tax” of Canadian and Mexican goods will create price increases on gasoline (~$0.50-1.00 increase); tomatoes, limes, peppers, avocados and other fresh farm produce; new car sales and car parts; among many other goods we import from Canada and Mexico.
Tariffs are mostly a negotiating technique/tool. Trump isn’t going to 100% tariff anyone who we want to do business with.
But if someone does have the guts to call his bluff it will be us who pay for those price increases. Eventually some of those higher costs might go into the pockets of U.S. citizens instead of our bankrupt governments bottomless pockets. But it will take quite some time for production to move back here to the States. And in many cases it may just be foreign companies opening up plants here instead of locally owned businesses.
I would expect the tariffs to be noticeably inflationary. Are those added costs worth the potential gains? We will have to wait and see. Though as seen in the last election; the American public has little patience, or in many cases the financial means, for dealing with inflation. So public pressure could cause the tariffs to be dropped well before they accomplish their intended goals.
Everyone seems to stop at “Tariffs will increase prices” but let’s go a little farther down the road. When prices increase sales will decrease leaving the original supplier with product they can’t sell. That’s when they get interested in negotiating. So yea, our price will increase momentarily but in time the original supplier eventually comes to the table and the tariffs are lifted.
“American workers can outwork and outcompete anyone as long as the competition is fair,” … “But for too long, it hasn’t been fair. For years, the Chinese government has poured state money into Chinese companies … it’s not competition, it’s cheating.”
This was uttered by your hero, Joe Biden, in May of 2024 as he increased the tariffs on China originally imposed during the first Trump administration.
Please provide a link to your post that demonstrated the same negative view of tariffs.
You are leaving out that Pres Trump wants to do away with the IRS. I’ll take +30% tax reduction with. 15% tariff increase every freaking day. For me, the tax forms have gotten so complicated that I use a CPA to get them done.
Yes, the purpose of a tarriff is to increase prices to the point where domestic industry can compete. Emphasis on “increase prices”. And it will take years or decades for the full effects to be felt. For China, tarriffs make perfect sense because the chinese government heavily subisdies its industries allowing them to sell at below market rates. And we’ve seen some companies move production to other countries in response to the tarriffs. The same is true for Boeing’s competition with Airbus (who receives more govt subsidies than Boeing). But Trump’s plan to tarriff everyone makes no sense.
The U.S. may be the only country in the world that the world couldn’t do without. Never going to happen.
He isn’t planning to tariff everyone. He is planning to threaten to tariff if the playing field isn’t fair. We’ll be fine.
If you’re all for foreign countries dumping their low quality products in America undermining production in America. Do you also want to make chi-na’s yuan the reserve currency for the world too? Do you not remember pet food from Chi-na that was killing our pets? Chi-na is flooding America with fentanyl killing 100s of thousands Americans every year. Where is your loyalty?
No link to your post(s) of disdain for tariffs kept and/or imposed by Biden, got it.
Please post a link to the Trump plan which imposes tariffs on “everyone”.
While you’re at it, I’m sure that we would enjoy reading your prior posts exhibiting outrage for the tremendous government spending during the Biden administration that caused inflation to skyrocket thus increasing the costs to the American consumers.
By the way, still waiting for your list of reasons as to why you, or any other citizen, voted for Harris during the primaries. You know, for the sake of democracy and all.
I bet our buddy Jim is out there marching with a Palestinian flag most nights yelling how bad America is.
Did you not read my post, “For China, tarriffs make perfect sense”
Do you lack comprehension skills? Can you read at the 9th grade level? All I was talking about was CHINA!
Edit: you said: Trumps tariffs on everyone makes no sense. I then gave you reasons why it does.
PS: what was my very first sentence to you? It was:
you’re all for foreign countries dumping their low quality products in America undermining production in America
Trump already increased tariffs on Chinese goods and it worked so well Biden kept the tariffs. The net effect of prices of Chinese goods in America because of tariffs was zero. Biden’s energy failed policies and green deal handouts cause our runaway inflation: But the behavior of the Chinese during Trum’s previous administration was vastly improved over what they did to us during Biden’s admin.
NO country can afford to live without the American market, period, they know it and Trump knows this.
BTW by my observations, folks who are constantly issuing alarmist negative predictions of anticipated results of Trump’s actions are running about 0% correct.
You know why?
They have NO understanding of how the world works since they are driven purely by emotions, the democrat party bullet points, the CNN mindless dribble, and ZERO facts or science…. All they want is for likeminded lemmings to sit there, nod and grumble in mindless agreement.
Tariffs affect the seller/importers ability to attract customers.
In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country.
Paid at port of entry which affect price increase within the country. But the buyer/distributers within the US can determine an alternate source that is not subject to tariff, thus keeping prices down.
Orrrrrrrtttt, using their massive US purchasing power they can renegotiate contract with foreign manufacturers to lower THEIR prices to allow for tariff increases OR seek other countries manufacturers/suppliers which is what most do putting the hurt in the foreign manufacturers. Chinese TVs too expensive because of tariffs? Hey Korean LG, what do you have on sale?
AOC is a prime example of uninformed opinions when she said tariffs to Colombia would drive coffee prices up. Apparently she is dumb enough to think Juan Valdez and his burro are the only source of coffee in the world. Maybe she was thinking of the cocaine her and her progressive snowflake alarmist buddies enjoy so much…
If you want to talk about uninformed opinions, Trump doesn’t even understand how tarriffs work. He thinks foreign countries pay the tarriffs, which couldn’t be more false. That was the purpose of my title to this thread. Do people understand that he lied and tarriffs result in higher costs to people in the U.S.? It’s nothing more than a sales tax paid by us imposed on foreign goods. Trump is either an idiot or a lair, or both. You pick.
At a rally in Arizona in mid-August, he claimed that Vice President Kamala Harris, his Democratic opponent, is lying: “She is a liar. She makes up crap … I am going to put tariffs on other countries coming into our country, and that has nothing to do with taxes to us. That is a tax on another country.” In September, he repeated the claim during an interview with Fox News: “It’s not a tax on the middle class. It’s a tax on another country.” And he said again during a rally in Wisconsin Saturday that “it’s not going to be a cost to you, it’s going to be a cost to another country.”
According to available data, only a minority of Americans read at a ninth-grade level or higher, with estimates suggesting that around 50% of US adults cannot read at an eighth-grade level and a significant portion reading below a fifth-grade level; meaning a relatively small percentage would reach a ninth-grade reading level or above.
Key points to consider:
Most sources state that the average American reads at a 7th to 8th grade level.
A significant portion of the US population struggles with literacy, with many adults reading below a 5th-grade level.
Precise figures on the percentage reading at a 9th-grade level or higher can be difficult to find due to varying testing methods and data interpretations.