Exactly. With tariff taxed goods I have a choice to purchase or not, or I can pick an alternative. Either way, I have a choice on the tax. With income tax, I don’t pay, it’s off to prison.
I’ll choose option A, thank you.
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If you’re going to preach what you claim is truth and that you have a greater understanding and are more knowledgeable than another, it may help your cause if you actually used your own words rather than plagiarizing.
Edit to add that there is some comedic value to CNN “fact checking”.
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Don’t forget the oil we import from Canada. Add 15-25% to the price of gas and thank the Orange man for defending us against Canada when you fill up,
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A bankrupt U.S. is an albatross around the neck of the world that everyone would love to do without. China is moving strongly into that vacuum our waning power is creating. Though they are just using the same debt based bubble game we have been for the past 4 plus decades and will likely end up in the same boat we are in now.
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Yeah and China has a foolproof financial plan. Make Uyghurs into “production workers” and and pay them slave or no wages at all for a 100% profit margin. With a system like that, who needs subsidies.
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The country has been here before…
The Smoot-Hawley tariffs of 1930s imposed tariffs on 20,000 imported goods. The rational was to protect American products and encourage American manufacturing. The result was a worsening of the Great Depression as prices increased but the predicted Renaissance of industry did not emerge. That drove Herbert Hoover out of office and put Franklin Roosevelt in office and America on the path to socialism.
Here’s the Wikipedia summary of the Smoot-Hawley tariffs for those who do not believe that history could repeat itself.
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And leave us not forget that they were POSITIVELY APPOPLECTIC in being sure that Trump, if he won, would UNDOUBTEDLY do to them what they had JUST SPENT 4 YEARS TRYING TO DO TO HIM!!
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Im looking forward to the 33% reduction in my income tax! (No tax on overtime). That will be a game changer for me!
Or the possibility of no income tax at all? That would be even better!
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Let us say that Trump puts a tarrif on Columbian imports. Columbian coffee becomes more expensive, so Americans buy African coffee instead. This doesn’t have much of an effect.
Now, let us say that Trump puts a tarrif on oil. The price of imported oil goes up, and after a time of higher gas prices, Americans start buying American oil again. Been there, done that.
On the other hand, protectionist policies for American export goods have historically been disastrous. What I’ve read is that Americans used to make the best ships. Then Congress began subsidizing American shipbuilders. No longer having to compete, American companies started churning out slop, and all of a sudden American ships were terrible and nobody else bought them.
I don’t know that this is true, but it’s the sort of thing we see with Boeing. Properly handled, I think tariffs could be good. Handled wrong, they could destroy us
I do definitely believe in reciprocity though.
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Indeed, America in the 1930s is different than today’s America. In today’s America, the debt – money printed by the federal government – exceeds $36 TRILLION, which is more than the entire GDP. In their economic history, This Time Is Different: Eight Centuries of Financial Folly (2011) economists Rogoff and Reinhart looked at 800 years of economic data. They found that when governments print money and fail to live within their means, inflation and hyperinflation is the inevitable result.
Tariffs artificially raise the price of goods, which adds inflationary fuel to an already precarious economic condition present in today’s America that was not present in the 1930s. But tariffs in the 1930s contributed greatly to the Great Depression. Looks like we’re headed there again, but this time with a Weimar-style hyperinflation (which put Hitler in office) to boot.
I suspect that the biggest proponents of tariffs are US firms seeking to disadvantage their rivals and exclude them from the American market. For example, the 100% tariffs on Chinese EVs benefits Telsa who wants to keep its competitors out of the market. Ditto the tariffs on Korean appliances. Those tariffs are essentially a quasi-subsidy to American firms. Hmmm. Methinks Elon Musk speaketh with forked tongue when he says he wants to eliminate EV subsidies but supports tariffs on Chinese EV exports.
Tariffs on Mexico and Canada will have real inflationary impacts on the price of food imported from Mexico and lumber and oil imported from Canada. Increasing the price of new construction through lumber tariffs (and the price of existing buildings) enriches real estate investors (like the Orange man, for example), so it’s not surprising to cynics like me to see these destructive taxes imposed on importers.
And for the love of GOD, stop listening to the lame stream media.
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Buy American more
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Chicken flatbread melt
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Further, the Smoot-Hawley tariffs where a direct cause of Japan invading China/Manchuria, empire building and eventually attacking Pearl Harbor. Her full interview is very eye openning.
Yes, you have a choice, but at a higher price. Which is exactly my point. YOU will be paying more for these goods. Tarriffs raise prices at the consumer. There is no arguing that. That is how they work.
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Because the dems have been SO GOOD at keeping costs down…
Thanks, but I’ll take my chances with the Businessman in Chief and artisan of the deal.
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I love a good Mexican standoff! 
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No pun intended? 
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Ugh, I knew I forgot something!
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Funny, as hard as I think about my life and the stuff I buy, I can’t come up with one single thing I want or need that can only be had from China, and also isn’t available with better quality from somewhere else.
Also, it’s about time for GM to reconsider the American plants they shut down in favor of manufacturing in Mexico. I’m a long time Chevy owner, but when my wife and I were shopping for a mid size SUV a few years back, the GM offerings were off the table because of their decision to close the Ohio assembly plant and move it all to Mexico. If it hadn’t been for that, the GM’s (like the Blazer) were solid contenders.
I literally laughed out loud when I saw the headlines about Mexico folding so quick Anyone got odds on how soon Canada follows?
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