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