Why Tariffs Are Good: The Case for Tariffs

If tariffs were bad, they would have died out long ago.

Logical question: Why would any country ever enforce tariffs if they were bad?
Because these other countries are not as wealthy as us American consumers, we will always buy more of their goods that we want, than they will of our goods, there will be some widget trade deficits for us....

And because the USA has other strong businesses of SERVICE that we make money on, protecting our own widget selling is not as important to us and our economy as it is to their countries....so they need to turn to protectionism (tariffs) on their key products, more than we do....

And there are countries we buy certain things from that could never be profitable or even capable of producing in America....

i.e. Madagascar Vanilla Beans...can tiny little and poor Madagascar ever be able to afford to purchase as much from the US as we buy from them? NEVER! We will always have a trade deficit with them....punishing them with tariffs on a product we can't even grow well in the US, and US consumers WANT, is stupid.

Strategic tariffs are sometimes necessary for these other countries, and yes....some times necessary for us.... But tariffs across the board on countries who can't buy from us...(the big consumer machine that we are), as much as we buy from them is ridiculous and again, stupid....imo.
 
Tariffs protect industries and businesses, especially vital industries, from unfair foreign competition. Tariffs prevent huge sums of income from leaving the U.S. America became the industrial giant of the world behind the protective walls of sky-high tariffs for decades.

No, tariffs did not cause or contribute to the Great Depression--that's an old Democrat myth that was floated by FDR and his crowd to attack Republican trade policy, and it's a myth that some Libertarians misguidedly, mistakenly repeat.

Numerous nations around the world have developed their economies by using high tariffs. Think about this: If tariffs are so bad for consumers and the economy, why do so many other nations impose tariffs, including Canada, Mexico, China, Brazil, Argentina, the European Union, Japan, India, South Korea, and Taiwan?

Some reading for further research:




/---/ Tariffs are also a bargaining tool.
1744716084393.webp
 
/---/ Tariffs are also a bargaining tool.
View attachment 1100568

A bargaining tool that doesn't work if you can't trust the guy you are making a bargain with.

Take Mexico and Canada. We had a pretty good bargain with them with NAFTA. Trump didn't like NAFTA. He couldn't explain why he didn't like it, because he has the intelligence of a rock. So Mexico and Canada went back and negotiated the USCMA agreement with Trump.

Now Trump doesn't like USMCA, so he want to impose new tariffs that are specifically prohibited by USMCA.

Imagine you go to a store, and you see a Bottle of Milk for $2.00. Then you get to the cashier and he says, "Naw, I don't like that price, I'm charging you $3.00." Then you grumble, get the money out of your wallet, and the cashier announces, "Hey, I don't think I want to sell you that milk!" You finally start walking out in frustration, and the cashier says, "Wait, wait, I'll sell you that milk for $3.25."
 
A bargaining tool that doesn't work if you can't trust the guy you are making a bargain with.

Take Mexico and Canada. We had a pretty good bargain with them with NAFTA. Trump didn't like NAFTA. He couldn't explain why he didn't like it, because he has the intelligence of a rock. So Mexico and Canada went back and negotiated the USCMA agreement with Trump.

Now Trump doesn't like USMCA, so he want to impose new tariffs that are specifically prohibited by USMCA.

Imagine you go to a store, and you see a Bottle of Milk for $2.00. Then you get to the cashier and he says, "Naw, I don't like that price, I'm charging you $3.00." Then you grumble, get the money out of your wallet, and the cashier announces, "Hey, I don't think I want to sell you that milk!" You finally start walking out in frustration, and the cashier says, "Wait, wait, I'll sell you that milk for $3.25."
/-----/ Stupid analogy. And if the agreement doesn't work, you reintroduce higher tariffs until the other country complies.
What's your favorite tariff China puts on US exports? 50% - 100% on US cars?
 
/-----/ Stupid analogy. And if the agreement doesn't work, you reintroduce higher tariffs until the other country complies.
What's your favorite tariff China puts on US exports? 50% - 100% on US cars?

Chinese don't buy American cars because they are overpriced crap.

And Chinese cars are blocked from this country.

But back to my analogy, how can foreign countries "bargain" with Trump if he doesn't live up to agreements he already made?
 
Chinese don't buy American cars because they are overpriced crap.

And Chinese cars are blocked from this country.

But back to my analogy, how can foreign countries "bargain" with Trump if he doesn't live up to agreements he already made?
/——/ Why do you comment on things you know nothing about? They are over priced because of the tariffs, dummy.
They love America cars as a status symbol, especially Buicks.
 
/——/ Why do you comment on things you know nothing about? They are over priced because of the tariffs, dummy.
They love America cars as a status symbol, especially Buicks.

Not really. I mean, a really rich person maybe wants a buick, but not your average Chinese. Same thing with the rest of the world. American cars are considered shit compared to German, Japanese, or even Korean cars.
 
Not really. I mean, a really rich person maybe wants a buick, but not your average Chinese. Same thing with the rest of the world. American cars are considered shit compared to German, Japanese, or even Korean cars.
/—-/ The 50% tariff makes the Buick unaffordable for the average Chinese citizen. DERP
The UAW applauds Trump’s tariffs.
 
The Cry Baby who has wreaked havoc with the global economy is having another tantrum, as ever trying to blame someone else for his mess.

Trump slammed Federal Reserve Chair Jerome Powell, saying his
Screen Shot 2022-07-27 at 7.43.14 AM.webp
"... termination cannot come fast enough!"
a day after Powell warned about the impact of Trump's tariffs.
"Unemployment is likely to go up as the economy slows, in all likelihood, and inflation is likely to go up as tariffs find their way and some part of those tariffs come to be paid by the public," Powell said
 
The Cry Baby who has wreaked havoc with the global economy is having another tantrum, as ever trying to blame someone else for his mess.

Trump slammed Federal Reserve Chair Jerome Powell, saying his
"... termination cannot come fast enough!"

a day after Powell warned about the impact of Trump's tariffs.
"Unemployment is likely to go up as the economy slows, in all likelihood, and inflation is likely to go up as tariffs find their way and some part of those tariffs come to be paid by the public," Powell said
/—-/ Good riddance to RINO Powell.
 
/—-/ Good riddance to RINO Powell.
The cult is upset that the Federal Reserve Chairman is guardedly expressing the position of the vast majority of economists.

Powell offered no rosy scenarios Wednesday, instead projecting a “strong likelihood” that consumers would face higher prices and that the economy would see higher unemployment as a result of tariffs applied in the short run. Tariffs are “likely to move us further away from our goals … probably for the balance of this year,” he said.
 
The cult is upset that the Federal Reserve Chairman is guardedly expressing the position of the vast majority of economists.

Powell offered no rosy scenarios Wednesday, instead projecting a “strong likelihood” that consumers would face higher prices and that the economy would see higher unemployment as a result of tariffs applied in the short run. Tariffs are “likely to move us further away from our goals … probably for the balance of this year,” he said.
/——/ True. Higher prices when you buy Chinese crap.
 
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