Mr. Trump idea of 10 to 20% general tariffs

[TravelingHere]

Originally Posted by txdot-guy

What tariffs are you referring to and how do they protect our native industries?

Do you support Trump’s plan for across the board tariffs on foreign goods?

What do you think the result will be if those across the board tariffs are instituted?

My take on tariffs is they will support domestic manufacturing.
As manufacturing in the US has dwindled, we may be less competitive than manufacturers in China for example and so costs domestically may go up initially.
But we're also very large, and have a pool of laid-off manufacturing people to draw on besides new workers and so with growth and scale efficiencies would come.
Additionally more Americans will have more jobs, so net what I see is more economic activity domestically.
While the redevelopment of our industries may take time, tariffs would subsidize them and our national purse.
That's the overall picture.

For many reasons in the past the US has tolerated/ countenanced tariffs that our allies would put on our goods, but now the time has come for that to change.
We're not a major exporter of cars, Japan is, China will be:
They achieved these feats not just due to being a smart and hard working people, but also due to mercantilist policies and tariffs are a component of following a similar path.

Tariffs have been in use historically, so certainly the precedent is there.
As far as across the board?
It probably won't be. We're unlikely to be a massive luxury goods exporter any time soon for example, so it may be on a market segment basis.. airplanes, cars, chips etc.

Not sure if I've addressed all your questions, but this is my take on the matter

[Why_Yes_I_Do]

Originally Posted by txdot-guy

...Do you support Trump’s plan for across the board tariffs on foreign goods?...

Never heard of it. Got a credible source for that?

[1blackman1]

Originally Posted by Why_Yes_I_Do

So you were exempt from the Biden-Harris quagmire economy and think you'll find a Free Coupon this go 'round as well?!?

Honestly, I’m pretty exempt from any of those kind of issues. I do feel for others that high pricing negatively effects though. I’m good with prices skyrocketing as long as people get to see that Trump’s economic policies are bad.

[VitaMan]

Anyone that thinks general tariffs of 10 to 20% are not going to be harmful is likely mistaken.



Mr. Trump thinks they will be a benefit. Or maybe it was just a campaign ploy to get elected, as he was saying taxes can be reduced as a result.



As Congress is entirely controlled by Republicans, there is no way to stop this from happening unless some Republicans have enough backbone to stand up to Mr. Trump, and show him the historical results of a policy like this.

[Why_Yes_I_Do]

Originally Posted by VitaMan

...As Congress is entirely controlled by Republicans...

I can listen to that all day long and for at minimum, the next 2 years.

[VitaMan]

Any discussion about the tariffs ? Or are you just posting jibberish ?

[Why_Yes_I_Do]

Originally Posted by VitaMan

Any discussion about the tariffs ? Or are you just posting jibberish ?

I was responding to your gibberish whilst waiting on your answer to the question I posted in item #17 above. To be fair, I was responding to another poster, but it's the same question i would ask of the OP:

Originally Posted by VitaMan

...Now his idea is to impose a 10 to 20% general tariff on imported goods...

Like I said there, never heard of it. Got a credible source for it?

[VitaMan]

You haven't heard of Mr. Trump proposing general tariffs of 10 to 20% ? There is plenty of news about that.

[Why_Yes_I_Do]

Originally Posted by VitaMan

You haven't heard of Mr. Trump proposing general tariffs of 10 to 20% ? There is plenty of news about that.

Then one should have an abundance of credible sources for that to readily share. Seems both easy and peasy, especially for a topic that has been in place in the US since about 1789. BTW: The phenomenon known locally as Tariffs is not unique to The USA. Ever hear tell of WTO?

Humpty Dumpty slips from the wall; Humpty’s due for an awful fall / K. Udo J. Keepler’s 1913 political cartoon depicts the impending end of tariffs used to protect U.S. domestic monopolies.
(Composite: Letty Avila. Image source: Library of Congress.)

[VitaMan]

With Mr. Trump's constant record of lying, maybe you are correct. It is hard for a credible source to publish
what he says, as it may be a lie, and they will be blamed for inaccurate reporting. Or it may just have been campaign rhetoric by Mr. Trump so he could be elected.



Maybe follow Salty's method of investigation ? Which is, "Just wait." Guilty until proven innocent, even though there is no evidence.

[Lucas McCain]

Do you guys not know how to do a simple google search? The below literally took me 3 seconds to find after I typed in what I was looking for and hit the enter key. Hell, I have even seen numerous clips of him saying it and I don't even watch political shows. Anyway, I hope you Trump lovers like increased inflation. LOL

https://www.npr.org/2024/11/06/nx-s1...s-deportations

Tariffs
The economic stimulus from tax cuts would be partially offset, however, by Trump's proposed tariffs, which would raise costs for U.S. businesses and consumers and likely invite retaliation from U.S. trading partners.

Trump has proposed adding a tariff of 10% to 20% on all imports, with significantly higher levies on imports from China.

Forecasters at Pantheon Macroeconomics project that a 10% tariff would increase inflation by about 0.8 percentage points next year and impose an additional drag on U.S. manufacturers.

While Trump says tariffs would encourage businesses to set up shop in the U.S., economists are dubious. "It will remain much cheaper to source goods from overseas, given relatively high U.S. labor costs, limiting the reshoring boost," said Pantheon economist Samuel Tombs.

[69in2it69]

Originally Posted by TravelingHere

My take on tariffs is they will support domestic manufacturing.
As manufacturing in the US has dwindled, we may be less competitive than manufacturers in China for example and so costs domestically may go up initially.
But we're also very large, and have a pool of laid-off manufacturing people to draw on besides new workers and so with growth and scale efficiencies would come.
Additionally more Americans will have more jobs, so net what I see is more economic activity domestically.

Dude, do you have a clue what unemployment levels are? And since we have such a surplus of workers, maybe we can back fill all those farming/food production jobs that the immigrants have been doing for 8.00/hour with US labor at 25.00/hr and see how much that drops prices.

[TravelingHere]

Originally Posted by 69in2it69

Dude, do you have a clue what unemployment levels are? And since we have such a surplus of workers, maybe we can back fill all those farming/food production jobs that the immigrants have been doing for 8.00/hour with US labor at 25.00/hr and see how much that drops prices.

Why don't you look at the structure of the workforce before carelessly commenting

https://www.bls.gov/charts/employmen...ation-rate.htm

The benefit of paying Americans a fair wage is that then it will be Americans with the income to spend in an American economy.

By focusing on short term cost reductions what we've achieved thus far is the gutting of manufacturing here, impoverishing large swathes of the population (Hello Detroit! Hi Appalachia!), going into greater debt and exposing ourselves to supply chain fragility.

You got anything else to add?

[Why_Yes_I_Do]

Originally Posted by Lucas McCain

...I hope you Trump lovers like increased inflation. LOL

https://www.npr.org...

I specifically asked for "credible" sources, not government funded sources.
If we enjoyed increased inflation Kamala would be President elect.

[Lucas McCain]

^^^^ I normally disregard folks I consider to be a troll, but how about the below news source? Regardless, troll along because I get bored quickly with silliness so nice playing, but I am bored with you already... but again, I hope you Trump lovers like increased inflation.

https://www.foxbusiness.com/economy/...ail-federation

Oh, and for the credibility of that source for your genius approval:

Fox Business (officially known as Fox Business Network, or FBN) is an American conservative business news channel and website publication owned by the Fox News Media division of Fox Corporation. The channel broadcasts primarily from studios at 1211 Avenue of the Americas in Midtown Manhattan.