Who pays tariffs?

[Nostra]

You need to take your "degree" in economics on the road for " P01135809" , the convicted felon and convicted sex offender twice impeached person but let's see what other economists say about " P01135809" stupidity.


Former President Donald Trump wants to spend trillions of dollars on tax cuts. His plan to pay for that is alarming some mainstream economists.


Trump proposed sweeping tariffs on all $3 trillion worth of imports into the United States, including a 60% tariff on imports from China and a 10% across-the-board tariff on imports from other nations.


Recently, Trump doubled down on the threat, saying he is considering tariffs of up to 20% on most imports in a bid to protect working-class jobs and punish what he labels unfair trading practices.


In theory, the unprecedented tariff hikes could raise trillions of dollars, funds that would help cover the cost of the tax cuts. However, many economists warn that those tariffs could backfire – badly – by raising prices on American families, killing jobs and setting off a global trade war.


It’s part of the reason Goldman Sachs in an analyst note this week said Trump’s economic policies – particularly on trade – would cause America’s economy to shrink. By contrast, Vice President Kamala Harris’ economic policy proposals would grow the economy, Goldman Sachs predicted.


Goldman and other experts fear Trump’s tough proposed trade tactics could worsen the affordability crisis in America.


“It’s one of those magical economic proposals that can actually cause inflation and put you into a recession – at the same time,” David Kelly, chief global strategist at JPMorgan Asset Management, told CNN in a phone interview.


Kelly warned that tariffs are a “perfect stagflation machine,” threaten to scramble supply chains and invite a punishing response from trading partners.


“It’s a two-year-old’s mentality: You punch someone in the nose and expect them not to punch you back,” he said.

How do you spend trillions on a tax cut?

 

[shockedcanadian]

You need to take your "degree" in economics on the road for " P01135809" , the convicted felon and convicted sex offender twice impeached person but let's see what other economists say about " P01135809" stupidity.


Former President Donald Trump wants to spend trillions of dollars on tax cuts. His plan to pay for that is alarming some mainstream economists.


Trump proposed sweeping tariffs on all $3 trillion worth of imports into the United States, including a 60% tariff on imports from China and a 10% across-the-board tariff on imports from other nations.


Recently, Trump doubled down on the threat, saying he is considering tariffs of up to 20% on most imports in a bid to protect working-class jobs and punish what he labels unfair trading practices.


In theory, the unprecedented tariff hikes could raise trillions of dollars, funds that would help cover the cost of the tax cuts. However, many economists warn that those tariffs could backfire – badly – by raising prices on American families, killing jobs and setting off a global trade war.


It’s part of the reason Goldman Sachs in an analyst note this week said Trump’s economic policies – particularly on trade – would cause America’s economy to shrink. By contrast, Vice President Kamala Harris’ economic policy proposals would grow the economy, Goldman Sachs predicted.


Goldman and other experts fear Trump’s tough proposed trade tactics could worsen the affordability crisis in America.


“It’s one of those magical economic proposals that can actually cause inflation and put you into a recession – at the same time,” David Kelly, chief global strategist at JPMorgan Asset Management, told CNN in a phone interview.


Kelly warned that tariffs are a “perfect stagflation machine,” threaten to scramble supply chains and invite a punishing response from trading partners.


“It’s a two-year-old’s mentality: You punch someone in the nose and expect them not to punch you back,” he said.

You miss the key objective, clearly. It is about encouraging companies to manufacture in America rather than pay the tariff. Jobs have a trickle down effect on the economy for a variety of reasons. Jobs, and a healthy Middle Class benefit everyone. The great Henry Ford knew this and thus he rewarded his employees well for the sake of the American Dream.

Now, these experts are not experts. They have an agenda. An agenda that is pro-China. These experts said that the signing of the I.R.A wouldn't lead to inflation. Check the history at how insulted I was at that suggestion and I warned everyone on this forum that if Machin gave in and agreed to the I.R.A that inflation would skyrocket.

Here we are.

Tariffs aren't ideal. Against state-run businesses and nations, they are essentially. Especially when they supress their currency rather floating it, and employ slave labour.

Don't worry about the inflation, worry about the jobs and slowing down Chinas power. If you don't, World War III WILL occur. The analysts at Goldman Sachs sure as hell won't be enlisting for that fight.

 

[KissMy]

And it came as a total surprise to disappointed eco warriors who were hoping we wete going to run out

And I suspect there is more bad news coming in the future

Then we will be back to begging OPEC or driving Electric vehicles.

EVs powered by atomic energy ?

Nuclear energy is much more expensive than solar

 

[Mac-7]

Nuclear energy is much more expensive than solar

But more reliable

 

[Toddsterpatriot]

Nuclear energy is much more expensive than solar

Try powering your ventilator at midnight with solar power and then
tell me how expensive nuclear energy is.

 

[KissMy]

Try powering your ventilator at midnight with solar power and then
tell me how expensive nuclear energy is.

You should stop smoking or buy battery for your ventilator. The rest of shouldn't have to pay 10 times more because you hate solar. Plus nuclear waste storage & pollution is very expensive.

"A solar power plant will likely cost less than a nuclear power station by around a factor of ten."

 

[Toddsterpatriot]

You should stop smoking or buy battery for your ventilator. The rest of shouldn't have to pay 10 times more because you hate solar.

"A solar power plant will likely cost less than a nuclear power station by around a factor of ten."

How many hours of useful power are you going to get from that nifty solar plant?

 

[KissMy]

How many hours of useful power are you going to get from that nifty solar plant?

Vertically mounted bifacial solar panels produce useful power for over 7 hours a day increasing energy yield by 5-30 percent.

 

[Toddsterpatriot]

Vertically mounted bifacial solar panels produce useful power for over 7 hours a day increasing energy yield by 5-30 percent.

Wow! 7 hours a day. How expensive is solar energy for the other 17 hours a day?

 

[Leviticus]

That’s the point, to raise the price of imported, slave-labor goods and incentivize more US production. Surely you understand this, right?

Except the costs of manufacturing the products oversees are still cheaper than in the US.

Apple and Nike arent gonna stop using Chinese sweatshops just because the retail price in the US goes up. They are gonna relie on brand recognition to get customers to pay the added costs.

Tariffs are raise the cost of manufacturing in the US if they have to import materials not available in the US. Coffee for example can't grow in the US climate, at least not enough to meet demand. So the beans have to be imported. So even if folders moved all their production facilities to the US, they would still need to import the beans and Tariffs make the beans more expensive which raises the price of the product.

 

[Mac-7]

Apple and Nike arent gonna stop using Chinese sweatshops just because the retail price in the US goes up.

Apple already has begun moving production from china to India and the US

The chicoms proved to be unreliable partners

Apple's supply chain move out of China leaves deserted Foxconn factories

Foxconn is closing factories in China as iPhone production moves elsewhere, and impacts beyond industry have been made crystal clear in a new video.

appleinsider.com

 

[Leviticus]

Apple already has begun moving production from china to India and the US

The chicoms proved to be unreliable partners

The real reason they closed their factories in china is because they got in trouble because those factories included forced labor. And they were facing an outright ban.On importing all apple products since it's illegal to import any product found to be produced by forced labor. They still have factories in several countries that "technically" don't use slavery but are still sweatshops.

 

[Mac-7]

The real reason they closed their factories in china is because they got in trouble because those factories included forced labor. And they were facing an outright ban.On importing all apple products since it's illegal to import any product found to be produced by forced labor. They still have factories in several countries that "technically" don't use slavery but are still sweatshops.

Any excuse that pleases you is ok with me

The bottom line is we should not do business with china, and tariffs are one of the tools to limit chinese goods in America

 

[Leviticus]

Any excuse that pleases you is ok with me

The bottom line is we should not do business with china, and tariffs are one of the tools to limit chinese goods in America

Tariffs don't stop the companies from doing business in China nor does it hurt the companies bottom line since they simple raise the retail price. Tariffs do nothing except raise the cost for consumers.

The only reason apple started moving out of China is because they were caught literally using slaves to make their products which is a crime. If they hadn't been caught, a tarriff would not push them to not operate in china

 

[Mac-7]

Tariffs don't stop the companies from doing business in China nor does it hurt the companies bottom line since they simple raise the retail price.


The only way to end operations in China and other shithole countries is to outright ban all imports from countries that allow sweatshops.

There are limits go how much companies can raise prices to US consumers

If a modest tariff is not high enough raise it higher

 

[Orangecat]

Except the costs of manufacturing the products oversees are still cheaper than in the US.

That would depend upon the level of the tariff. Logic.

 

[KissMy]

Wow! 7 hours a day. How expensive is solar energy for the other 17 hours a day?

It takes less than an hour to charge a car during the day from solar.

 

[Billo_Really]

Yes, it is consumers who end up paying the tariffs! Does anyone disagree?

Consumers do.

 

[KissMy]

Wow! 7 hours a day. How expensive is solar energy for the other 17 hours a day?

It takes less than an hour to charge a car during the day from solar. What will you do with the other 6 hours worth of power? Use it, store it & sell it. Battery, hydro & hydrogen storage is way cheaper than nuclear.

 

[Toddsterpatriot]

It takes less than an hour to charge a car during the day from solar.

What car from what solar setup?