Tariff Hypocrisy

[Husker_Du]

 

[Husker_Du]

 

[Husker_Du]

 

[scourge165]

I'm just confused...do you guys REALLY honestly not see a theme? What Country did they cite? Did they say just blanket tariffs on every country and make those tariffs up. Don't match the tariffs THOSE nations have in place, just come up with the trade deficit we have and divide it by 2 to come up with a tariff for every other Nation?

 

Are they calling for just arbitrary tariffs against EVERY nation including our allies in Canada and Mexico?

Or are they calling for TARGETED tariffs?

We put tariffs on a country that DOESN'T HAVE ANY PEOPLE LIVING ON IT.

We put massive tariffs on a country that has 6,000 people because of a 3.3M trade deficit.

 

-The WORST policy in 95 years. 
 

Our Commerce Secretary doesn't know what the actual rates are on China. 54%?

What Country, one ONE Country was excluded from the tariffs(while we put tariffs on Penguins)? Russia. 

 

But I guess...if we cripple all the economies...that'll work also, right?

 

 

[uncle bernard]

There's a difference between supporting tariffs in certain situations and the absolute insanity that is the Trump tariff policy.

Putting huge blanket tariff's on almost every country in the world is crazy. We should not have a trade surplus with every country in the world. The United States cannot produce tons of important, everyday products.

For example, America has never had, nor will it ever have, a major coffee industry because it is not a local crop. We do not have the climate to produce it at scale. So, we import almost all of the coffee we drink. Now, Trump has put 10%+ tariffs on Columbia and Brazil, where most of our coffee comes from. All this does is make your morning cup more expensive. It will not result in the booming of a domestic coffee industry.

There is no purpose to this other than virtue signaling to stupid people.

[Wrestleknownothing]

I found this very brilliant post on another thread. Everyone should listen to this guy:

We are being fed a very mixed message on tariffs. Some may call that a lie. Trump has attempted to sell these as retaliation for unfair trade practices (tariffs imposed on US goods, protectionists policies and taxes). If the goal was really to remove those barriers imposed by other nations then you would need to target those nations and those policies to have a chance at being effective.

But that is not what happened. Tariffs are being imposed willy-nilly based on balance of trade. They took a hyper simplistic approach. And the effect was predictable. Now other countries will impose retaliatory tariffs on the US. Imbalance of trade can be the result of unfair practices. But what you describe above is not that. Cheaper labor in other countries is a structural advantage. Tariffs will never solve that problem. Tariffs will only serve to import inflation.

The tariff formula they used makes matters worse. And they knew what they were doing was simplistic so they attempted to dress up their formula with superscripts and subscripts that have no meaning. And they added Greek letters that exactly offset each other (4 x .25 = 1) while citing studies that DO NOT support those values.

This is so poorly executed after being so poorly conceived. That is why the market is selling off hard. A complete unforced error. And Trump will absolutely violate the first rule of holes. Now that he is in one, he keep digging.

[scourge165]

26 minutes ago, Wrestleknownothing said:

I found this very brilliant post on another thread. Everyone should listen to this guy:

We are being fed a very mixed message on tariffs. Some may call that a lie. Trump has attempted to sell these as retaliation for unfair trade practices (tariffs imposed on US goods, protectionists policies and taxes). If the goal was really to remove those barriers imposed by other nations then you would need to target those nations and those policies to have a chance at being effective.

But that is not what happened. Tariffs are being imposed willy-nilly based on balance of trade. They took a hyper simplistic approach. And the effect was predictable. Now other countries will impose retaliatory tariffs on the US. Imbalance of trade can be the result of unfair practices. But what you describe above is not that. Cheaper labor in other countries is a structural advantage. Tariffs will never solve that problem. Tariffs will only serve to import inflation.

The tariff formula they used makes matters worse. And they knew what they were doing was simplistic so they attempted to dress up their formula with superscripts and subscripts that have no meaning. And they added Greek letters that exactly offset each other (4 x .25 = 1) while citing studies that DO NOT support those values.

This is so poorly executed after being so poorly conceived. That is why the market is selling off hard. A complete unforced error. And Trump will absolutely violate the first rule of holes. Now that he is in one, he keep digging.

But wait...I don't get it. 

30 years ago Pelosi and Shummer said something about tariffs on China and then in 2008 Bernie and McCain agreed, so...hypocrisy, right?

 

[billyhoyle]

2 hours ago, Husker_Du said:

 

Following the economic policies of Bernie Sanders is how you crash the economy. 

[Wrestleknownothing]

21 minutes ago, billyhoyle said:

Following the economic policies of Bernie Sanders is how you crash the economy. 

I am no fan of Bernie Sanders' economic theories, but they have also never been followed. I am no fan of Trump's economic theories. And now that I see the results, I absolutely hate them.

Comparing this reality to some past theoretical world is useless.

[scourge165]

15 minutes ago, billyhoyle said:

Following the economic policies of Bernie Sanders is how you crash the economy. 

I like Bernie...Bernie means well. 

There's a reason Bernie hasn't won the primaries. 

 

But hey, for people that like moderate politics, Cory Bush/Bowman losing, just know...the GOP is NOT going to do well in the Midterms and this will...probably help people of their ilk. 

 

 

If only there was some way to get the point across(as I tried in the post about Reagan) how EVERY tariff isn't bad, it's only across the board tariffs that are damaging. If there was some way for people to read that, digest it, understand it and then stop pointing out how at one time or another a Democrat suggested we put tariffs on China or on...Steel. I remember Tammy Baldwin did that. She passed a law, everything built by the Govt' HAD to be built with American Steel(not quite a tariffs, but...akin to one). 

But it doesn't seem like people can differentiate these two lines of thinking. 

 

[billyhoyle]

4 hours ago, Wrestleknownothing said:

I am no fan of Bernie Sanders' economic theories, but they have also never been followed. I am no fan of Trump's economic theories. And now that I see the results, I absolutely hate them.

Comparing this reality to some past theoretical world is useless.

You don't think people have tried socialism before?

[red viking]

Biden actually increased tariffs but no president in modern history has done anything close to as ridiculous as Trump. These actions have different levels. 

[Wrestleknownothing]

30 minutes ago, billyhoyle said:

You don't think people have tried socialism before?

No one governed by Bernie Sanders

[lisa morales]

The fat man is the laughing stock of the world.  Meanwhile Justin Trudeau is banging his wife.

[JimmySpeaks]

4 hours ago, scourge165 said:

I like Bernie...Bernie means well. 

There's a reason Bernie hasn't won the primaries. 

 

But hey, for people that like moderate politics, Cory Bush/Bowman losing, just know...the GOP is NOT going to do well in the Midterms and this will...probably help people of their ilk. 

 

 

If only there was some way to get the point across(as I tried in the post about Reagan) how EVERY tariff isn't bad, it's only across the board tariffs that are damaging. If there was some way for people to read that, digest it, understand it and then stop pointing out how at one time or another a Democrat suggested we put tariffs on China or on...Steel. I remember Tammy Baldwin did that. She passed a law, everything built by the Govt' HAD to be built with American Steel(not quite a tariffs, but...akin to one). 

But it doesn't seem like people can differentiate these two lines of thinking. 

 

Ya because he’s a communist 

[JimmySpeaks]

16 minutes ago, Wrestleknownothing said:

No one governed by Bernie Sanders

Where do you think Bernie gets his ideas from?