Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Not surprising, given that economists - regardless of political stripe - agree that free trade is good for Americans.
Donald Trump’s solution is to ... levy a 45% tax on Chinese imports. The idea is to make Chinese goods more expensive so that American producers who pay their workers more can gain a competitive edge.
There’s a painful side effect to this plan, however: It would, well, make a lot of products more expensive, and most of the price hikes would come straight out of consumer wallets. ... A 45% tariff on Chinese imports would encourage other low-cost exporters, such as Vietnam, Bangladesh and Mexico, to ship more goods to America. Whether U.S. producers would gain an edge is debatable. ...
Trump’s tariff plan would likely meet firm public resistance. Economists would also protest. “Economists disagree about a lot,” says Ozimek, “but there’s very strong agreement that free trade benefits Americans, on average.” A poll of economists by the University of Chicago, for instance, found that 100% of them believe U.S. trade with China makes most Americans better off.
Most economists also agree that free trade—like anything that improves efficiency and market performance—produces winners and losers. And the losers usually include people who get the job done slower, at a higher cost than competitors. Protecting underperformers isn’t likely to help the U.S. economy. Helping them perform better would.
Donald Trump wants you to pay more for smartphones, TVs and a lot else
Maybe if we stop punishing them lol. It will pop up new businesses. That much for sureI for one am willing to psy more for american made products. Problem is american businesses are not as they can have the product made for free overseas? Does anyone think they are going to bring jobs back?
That's because of slave labor. Period.
Jobs are not an illusion. That is pretty absurd coming from a decently minded individual..
You sound like the chamber of commerce just freshly shit you out.
What's next? Amnesty or open borders?
Good post. But no one could ever convince me us not having jobs is somehow good for us. Maybe you can?
Because the jobs argument is an illusion.
It costs about $2 to make a T-shirt in Vietnam. It costs about $12 (or more) to make the same T-shirt in America. Even if you got rid of all the government regulations crap, it would still cost many times more to make a T-shirt in America. That $10 difference is money out of your pocket that you could have spent elsewhere in the economy. So that's $10 towards an American job somewhere else that doesn't exist anymore because of the tariff.
Only 15% of America's economy is exports. 85% of America's economy is internally generated. Most of the money that is spent by you - that $10 - stays here. But if you put on a tariff, that $10 doesn't exist anymore, and you are poorer for it.
If you have $12 to spend on a T-shirt or $12 to spend on a T-shirt and $10 on something else, in which one are you better off?
Proof the far left does not understand economics on any level and thus proves that they should never be in charge of anything.
Not surprising, given that economists - regardless of political stripe - agree that free trade is good for Americans.
Donald Trump’s solution is to ... levy a 45% tax on Chinese imports. The idea is to make Chinese goods more expensive so that American producers who pay their workers more can gain a competitive edge.
There’s a painful side effect to this plan, however: It would, well, make a lot of products more expensive, and most of the price hikes would come straight out of consumer wallets. ... A 45% tariff on Chinese imports would encourage other low-cost exporters, such as Vietnam, Bangladesh and Mexico, to ship more goods to America. Whether U.S. producers would gain an edge is debatable. ...
Trump’s tariff plan would likely meet firm public resistance. Economists would also protest. “Economists disagree about a lot,” says Ozimek, “but there’s very strong agreement that free trade benefits Americans, on average.” A poll of economists by the University of Chicago, for instance, found that 100% of them believe U.S. trade with China makes most Americans better off.
Most economists also agree that free trade—like anything that improves efficiency and market performance—produces winners and losers. And the losers usually include people who get the job done slower, at a higher cost than competitors. Protecting underperformers isn’t likely to help the U.S. economy. Helping them perform better would.
Donald Trump wants you to pay more for smartphones, TVs and a lot else
Not surprising, given that economists - regardless of political stripe - agree that free trade is good for Americans.
Donald Trump’s solution is to ... levy a 45% tax on Chinese imports. The idea is to make Chinese goods more expensive so that American producers who pay their workers more can gain a competitive edge.
There’s a painful side effect to this plan, however: It would, well, make a lot of products more expensive, and most of the price hikes would come straight out of consumer wallets. ... A 45% tariff on Chinese imports would encourage other low-cost exporters, such as Vietnam, Bangladesh and Mexico, to ship more goods to America. Whether U.S. producers would gain an edge is debatable. ...
Trump’s tariff plan would likely meet firm public resistance. Economists would also protest. “Economists disagree about a lot,” says Ozimek, “but there’s very strong agreement that free trade benefits Americans, on average.” A poll of economists by the University of Chicago, for instance, found that 100% of them believe U.S. trade with China makes most Americans better off.
Most economists also agree that free trade—like anything that improves efficiency and market performance—produces winners and losers. And the losers usually include people who get the job done slower, at a higher cost than competitors. Protecting underperformers isn’t likely to help the U.S. economy. Helping them perform better would.
Donald Trump wants you to pay more for smartphones, TVs and a lot else
The guy is like the Tazmanian Devil of contemporary political discourse.Not surprising, given that economists - regardless of political stripe - agree that free trade is good for Americans.
Donald Trump’s solution is to ... levy a 45% tax on Chinese imports. The idea is to make Chinese goods more expensive so that American producers who pay their workers more can gain a competitive edge.
There’s a painful side effect to this plan, however: It would, well, make a lot of products more expensive, and most of the price hikes would come straight out of consumer wallets. ... A 45% tariff on Chinese imports would encourage other low-cost exporters, such as Vietnam, Bangladesh and Mexico, to ship more goods to America. Whether U.S. producers would gain an edge is debatable. ...
Trump’s tariff plan would likely meet firm public resistance. Economists would also protest. “Economists disagree about a lot,” says Ozimek, “but there’s very strong agreement that free trade benefits Americans, on average.” A poll of economists by the University of Chicago, for instance, found that 100% of them believe U.S. trade with China makes most Americans better off.
Most economists also agree that free trade—like anything that improves efficiency and market performance—produces winners and losers. And the losers usually include people who get the job done slower, at a higher cost than competitors. Protecting underperformers isn’t likely to help the U.S. economy. Helping them perform better would.
Donald Trump wants you to pay more for smartphones, TVs and a lot else
The guy is like the Tazmanian Devil of contemporary political discourse.Not surprising, given that economists - regardless of political stripe - agree that free trade is good for Americans.
Donald Trump’s solution is to ... levy a 45% tax on Chinese imports. The idea is to make Chinese goods more expensive so that American producers who pay their workers more can gain a competitive edge.
There’s a painful side effect to this plan, however: It would, well, make a lot of products more expensive, and most of the price hikes would come straight out of consumer wallets. ... A 45% tariff on Chinese imports would encourage other low-cost exporters, such as Vietnam, Bangladesh and Mexico, to ship more goods to America. Whether U.S. producers would gain an edge is debatable. ...
Trump’s tariff plan would likely meet firm public resistance. Economists would also protest. “Economists disagree about a lot,” says Ozimek, “but there’s very strong agreement that free trade benefits Americans, on average.” A poll of economists by the University of Chicago, for instance, found that 100% of them believe U.S. trade with China makes most Americans better off.
Most economists also agree that free trade—like anything that improves efficiency and market performance—produces winners and losers. And the losers usually include people who get the job done slower, at a higher cost than competitors. Protecting underperformers isn’t likely to help the U.S. economy. Helping them perform better would.
Donald Trump wants you to pay more for smartphones, TVs and a lot else
He appears to think that the Chinese would just sit there and not react to huge tariffs. Yeah, they'll just sit there and take it.
Uh, that's the country that owns $1.2 TRILLION of our debt, sir, and could dump a shitload of it tomorrow, causing MAJOR economic havoc.
Gawd.
This is an extremely complicated issue. Between them, China & Russia hold +/- $3 trillion in our bonds, and they are going to protect themselves. Always.The guy is like the Tazmanian Devil of contemporary political discourse.Not surprising, given that economists - regardless of political stripe - agree that free trade is good for Americans.
Donald Trump’s solution is to ... levy a 45% tax on Chinese imports. The idea is to make Chinese goods more expensive so that American producers who pay their workers more can gain a competitive edge.
There’s a painful side effect to this plan, however: It would, well, make a lot of products more expensive, and most of the price hikes would come straight out of consumer wallets. ... A 45% tariff on Chinese imports would encourage other low-cost exporters, such as Vietnam, Bangladesh and Mexico, to ship more goods to America. Whether U.S. producers would gain an edge is debatable. ...
Trump’s tariff plan would likely meet firm public resistance. Economists would also protest. “Economists disagree about a lot,” says Ozimek, “but there’s very strong agreement that free trade benefits Americans, on average.” A poll of economists by the University of Chicago, for instance, found that 100% of them believe U.S. trade with China makes most Americans better off.
Most economists also agree that free trade—like anything that improves efficiency and market performance—produces winners and losers. And the losers usually include people who get the job done slower, at a higher cost than competitors. Protecting underperformers isn’t likely to help the U.S. economy. Helping them perform better would.
Donald Trump wants you to pay more for smartphones, TVs and a lot else
He appears to think that the Chinese would just sit there and not react to huge tariffs. Yeah, they'll just sit there and take it.
Uh, that's the country that owns $1.2 TRILLION of our debt, sir, and could dump a shitload of it tomorrow, causing MAJOR economic havoc.
Gawd.
We have an annual Trade Deficit with China running at over 300 billion and climbing.
There are two possibilities.
1. That this reflects Unfair Trade and needs to be stopped to protect American interests and jobs from unfair competition.
2. That this is actually Free Trade and represents the fact that America and American are lazy ass dumb bitches that can't compete. If that is true, then we need to avoid battles we can't win and stop trade with China to protect American Interests and jobs.
Also, their ownership of so much of our debt is as much of a problem for them, as it is for US. If we go down in flames they eat that.
I believe in scenario 1. They have been fucking US for years, and it is time to end it.
They have little leverage because the Trade is so lopsided. What are they going to do? Stop fucking US? That's sort of the point.
The whole idea of raising tariffs is to make American products competitive.
We have an annual Trade Deficit with China running at over 300 billion and climbing.
There are two possibilities.
I don't support tariffs, but I don't believe Trump will actually impose any. He's just using the threat as a negotiating tactic. Trump cannot impose any tariffs without the approval of Congress. That's the bottom line.The whole idea of raising tariffs is to make American products competitive.
It makes the economy less competitive, not more competitive.
It takes taxes away from more productive areas of the economy and gives taxes to less productive areas of the economy. Companies which cannot compete should be allowed to go bankrupt. Tariffs do not allow this to happen.
It staggers me that people who think they are "conservatives" support this. Tariffs are the government taking money from you and the government choosing winners and losers in the economy. This is a big reason why conservatives have always supported lowering tariffs - they don't believe that the government should be using tax money to support business.
Conservatives got all bent out of shape over bailing out the banks because the government used tax money to bail out a failing industry, but imposing tariffs is the exact same thing - it uses tax money to bail out failing industries.
That's my guess too, surely he knows better. What he's saying simply is not going to happen. But he keeps saying stuff like this to fire up his supporters that just isn't reasonable, so there is just no way of knowing what he would do in office.I don't support tariffs, but I don't believe Trump will actually impose any. He's just using the threat as a negotiating tactic. Trump cannot impose any tariffs without the approval of Congress. That's the bottom line.
That's my guess too, surely he knows better. What he's saying simply is not going to happen. But he keeps saying stuff like this to fire up his supporters that just isn't reasonable, so there is just no way of knowing what he would do in office.I don't support tariffs, but I don't believe Trump will actually impose any. He's just using the threat as a negotiating tactic. Trump cannot impose any tariffs without the approval of Congress. That's the bottom line.
.
This is an extremely complicated issue. Between them, China & Russia hold +/- $3 trillion in our bonds, and they are going to protect themselves. Always.The guy is like the Tazmanian Devil of contemporary political discourse.Not surprising, given that economists - regardless of political stripe - agree that free trade is good for Americans.
Donald Trump’s solution is to ... levy a 45% tax on Chinese imports. The idea is to make Chinese goods more expensive so that American producers who pay their workers more can gain a competitive edge.
There’s a painful side effect to this plan, however: It would, well, make a lot of products more expensive, and most of the price hikes would come straight out of consumer wallets. ... A 45% tariff on Chinese imports would encourage other low-cost exporters, such as Vietnam, Bangladesh and Mexico, to ship more goods to America. Whether U.S. producers would gain an edge is debatable. ...
Trump’s tariff plan would likely meet firm public resistance. Economists would also protest. “Economists disagree about a lot,” says Ozimek, “but there’s very strong agreement that free trade benefits Americans, on average.” A poll of economists by the University of Chicago, for instance, found that 100% of them believe U.S. trade with China makes most Americans better off.
Most economists also agree that free trade—like anything that improves efficiency and market performance—produces winners and losers. And the losers usually include people who get the job done slower, at a higher cost than competitors. Protecting underperformers isn’t likely to help the U.S. economy. Helping them perform better would.
Donald Trump wants you to pay more for smartphones, TVs and a lot else
He appears to think that the Chinese would just sit there and not react to huge tariffs. Yeah, they'll just sit there and take it.
Uh, that's the country that owns $1.2 TRILLION of our debt, sir, and could dump a shitload of it tomorrow, causing MAJOR economic havoc.
Gawd.
We have an annual Trade Deficit with China running at over 300 billion and climbing.
There are two possibilities.
1. That this reflects Unfair Trade and needs to be stopped to protect American interests and jobs from unfair competition.
2. That this is actually Free Trade and represents the fact that America and American are lazy ass dumb bitches that can't compete. If that is true, then we need to avoid battles we can't win and stop trade with China to protect American Interests and jobs.
Also, their ownership of so much of our debt is as much of a problem for them, as it is for US. If we go down in flames they eat that.
I believe in scenario 1. They have been fucking US for years, and it is time to end it.
They have little leverage because the Trade is so lopsided. What are they going to do? Stop fucking US? That's sort of the point.
Here's my point regarding this thread: Either Trump knows better and he's grandstanding at a level I've never seen, or he DOESN'T know better and that's even worse.
.
The whole idea of raising tariffs is to make American products competitive.
It makes the economy less competitive, not more competitive.
It takes taxes away from more productive areas of the economy and gives taxes to less productive areas of the economy. Companies which cannot compete should be allowed to go bankrupt. Tariffs do not allow this to happen.
It staggers me that people who think they are "conservatives" support this. Tariffs are the government taking money from you and the government choosing winners and losers in the economy. This is a big reason why conservatives have always supported lowering tariffs - they don't believe that the government should be using tax money to support business.
Conservatives got all bent out of shape over bailing out the banks because the government used tax money to bail out a failing industry, but imposing tariffs is the exact same thing - it uses tax money to bail out failing industries.
The whole idea of raising tariffs is to make American products competitive.
It makes the economy less competitive, not more competitive.
It takes taxes away from more productive areas of the economy and gives taxes to less productive areas of the economy. Companies which cannot compete should be allowed to go bankrupt. Tariffs do not allow this to happen.
It staggers me that people who think they are "conservatives" support this. Tariffs are the government taking money from you and the government choosing winners and losers in the economy. This is a big reason why conservatives have always supported lowering tariffs - they don't believe that the government should be using tax money to support business.
Conservatives got all bent out of shape over bailing out the banks because the government used tax money to bail out a failing industry, but imposing tariffs is the exact same thing - it uses tax money to bail out failing industries.
If you want to bring jobs back to America you're going to have to pay more for products.
