Trump says he’s creating ‘External Revenue Service’ for tariffs

[ding]

Learn what "literally" means

That you can't see that consumers pay the tarifs tells me all I need to know about you.

And you call others statist. SMH.

 

[TNHarley]

That you can't see that consumers pay the tarifs tells me all I need to know about you.

And you call others statist. SMH.

I do not support tariffs

 

[ding]

I do not support tariffs

Tariffs are effectively price fixing. What can possibly go wrong with government setting prices, profits and wages?

Back in the US, back in the US, back in the USSR!!!!

 

[TNHarley]

Tariffs are effectively price fixing. What can possibly go wrong with government setting prices, profits and wages?

Back in the US, back in the US, back in the USSR!!!!

I don't disagree

 

[Mac-7]

Trump graduated with an Economics degree from Wharton.
He is clueless how tariffs work

True

But he’s exactly right about what tariffs do

They will hurt china and benefit America

 

[Mac-7]

Tariffs are effectively price fixing. What can possibly go wrong with government setting prices, profits and wages?

Back in the US, back in the US, back in the USSR!!!!

You had to do it, didnt ya?

One of my favorite rock songs

 

[dudmuck]

True

But he’s exactly right about what tariffs do

They will hurt china and benefit America

walmart says we will pay them.

 

[Mac-7]

walmart says we will pay them.

Yes, I keep agreeing with libs about that, but they seem to forget very quickly and keep discovering the same acorn over and over

 

[dudmuck]

Yes, I keep agreeing with libs about that, but they seem to forget very quickly and keep discovering the same acorn over and over

how does us paying more for stuff help America?

 

[Mac-7]

how does us paying more for stuff help America?

The chinese economy is in downfall

They must export or die

Tariffs properly applied hasten china’s economic troubles if not demise

 

[dudmuck]

The chinese economy is in downfall

They must export or die

Tariffs properly applied hasten china’s economic troubles if not demise

how does us paying more for stuff help America?

 

[Mac-7]

how does us paying more for stuff help America?

The chinese practice Mercantilism

Mercantilism - Wikipedia

en.m.wikipedia.org

Basically it means a plan to weaken foreign economies through exports

China weakens our manufacturing ability by flooding our market with cheap goods

 

[rightwinger]

True

But he’s exactly right about what tariffs do

They will hurt china and benefit America

Tariffs will hurt the American consumer

Walmart buys TVs from China for $150
Walmart sells for $300
China gets $150

With $100 tariff, that TV now costs $250 and sells for $400
China still gets its $150

 

[Mac-7]

Tariffs will hurt the American consumer

Walmart buys TVs from China for $150
Walmart sells for $300
China gets $150

With $100 tariff, that TV now costs $250 and sells for $400
China still gets its $150

Or, china could get only $50-75 for each tv Walmart sells

And be lucky to get that lest we shift production to SE Asia

Dont believe all the bullshit that the white monkeys shovel at us

China needs America much more than we need them

 

[rightwinger]

Or, china could get only $50-75 for each tv Walmart sells

And be lucky to get that lest we shift production to SE Asia

Dont believe all the bullshit that the white monkeys shovel at us

China needs America much more than we need them

Only it doesn’t work like that
Walmart pays the tariff and passes it on to the consumer

 

[Mac-7]

Only it doesn’t work like that
Walmart pays the tariff and passes it on to the consumer

Sez you

But only if Target and Best Buy continue to buy from China instead of Vietnam where they can undercut Walmart by $50

 

[rightwinger]

Sez you

But only if Target and Best Buy continue to buy from China instead of Vietnam where they can undercut Walmart by $50

How does transferring sales from China to Vietnam help the American consumer?

 

[Mac-7]

How does transferring sales from China to Vietnam help the American consumer?

It weakens our greatest economic, political and military enemy

I dont want an economy totally dominated by pinheads in washington

So I support the free market which gives importers, retailers and consumers the most choices

But china is a totally managed economy and that puts Americans at a disadvantage

We cant totally ignore that fact

 

[dudmuck]

Trump posted on Truth Social that he wants to create an External Revenue Service to collect tariffs on foreign countries. Apparently he does not understand that tariffs are against importers, paid by their customers (US consumers). Does he understand how tariffs work?

https://thehill.com/homenews/administration/5084725-trump-external-revenue-service/

 

[Zincwarrior]

walmart says we will pay them.

And then raise prices accordingly.