fruits of tariffs

[VitaMan]

Originally Posted by Why_Yes_I_Do

Ford has already reduced prices across the board, i.e. employee pricing for everybody.

in an effort to survive

[txdot-guy]

I had to go back to the OP to get this back on track. The question is “What is the historical record on tariffs bringing fruit?”

The question is really too undefined to answer properly as it depends upon the definition of fruit in this context.

Here is what my research suggests. Protectionism, i.e. tariffs, can support local businesses from foreign competitors but rarely do they make business more efficient or competitive. Especially on the world market.

Tariffs work best in specific targeted industries where you want to produce an outcome that doesn’t require economic efficiency.

[pxmcc]

inflation isn't a bug, it's a feature. all part of Trump's plan. ill conceived and pointless. Trump shoots America and himself in the foot.

treating our allies the same as China? inexcusable.

there's a way to begin to try to reduce our trade deficits. this isn't it. good idea, horrible execution.

[Salty Again]

Originally Posted by VitaMan

Of course they would. They think their salaries will increase. The reality is......how many of them will lose their jobs because their cars are too expensive and don't sell ?

... Why the guess-work? ... You couldn't even guess
the election correct.

Why don't we let GM and Ford decide how many workers
they need... So MORE cars and trucks being built in America
- because of the tariffs - is somehow a bad thing?

The jobs added are the fruits of the tariffs. ...

#### Salty

[VitaMan]

There won't be jobs if the cars are too expensive to buy.




Apparently Trump based his tariff logic on the size of the trade deficit with each country.


If a country with 10 million poor people trades with a rich country of 350 million, the rich country has much more capability to buy more goods, and for many reasons. That causes the trade imbalance.


I would like to see more discussion on the trade deficit issue.

[pxmcc]

^^you are correct sir.. (and, go Coogs!)

Trump will look for a scapegoat. i predict his Commerce Secretary Lutnick will take the fall..

he's about to cause a 2nd Great Depression. what in the helf was he even thinking..

economists he listed in the footnotes as his inspiration are like, nope never said that. like, ever..

this is what happens when you elect a self important, know nothing clown to be leader of the free world. his supporters knew what they were getting.

[Yssup Rider]

Originally Posted by pxmcc

^^you are correct sir.. (and, go Coogs!)

Trump will look for a scapegoat. i predict his Commerce Secretary Lutnick will take the fall..

he's about to cause a 2nd Great Depression. what in the helf was he even thinking..

economists he listed in the footnotes as his inspiration are like, nope never said that. like, ever..

this is what happens when you elect a self important, know nothing clown to be leader of the free world. his supporters knew what they were getting.

Predictably, the MAGA minions were a veritable cast of the Wizard of Oz, lacking the brains, nerve and heart to choose wisely.

Now their evil "wizard" is whizzing on everybody, especially them.

[Salty Again]

But the MAGAs don't see it that-way.
The fruits of the tariffs are coming - as the nations
begin to roll-over and understand President Trump's
demands and start to give in.

... Let's see what happens this week.

#### Salty

[Yssup Rider]

Wanna bet that the economy doesn't come back, Salty, and that you'll ask us to wait and see again?

[VitaMan]

Originally Posted by Salty Again

But the MAGAs don't see it that-way.
The fruits of the tariffs are coming - as the nations
begin to roll-over and understand President Trump's
demands and start to give in.

... Let's see what happens this week.

#### Salty

Using your logic, Trump will then roll back the tariffs after nations start to give in....causing even more confusion and uncertainty as to what Trump will do next.


And the companies that started to relocate to the US will stop, since Trump changed the economic equation again.


What an absolute mess......and it didn't have to be this way.

[HDGristle]

Originally Posted by pxmcc

inflation isn't a bug, it's a feature. all part of Trump's plan. ill conceived and pointless. Trump shoots America and himself in the foot.

treating our allies the same as China? inexcusable.

there's a way to begin to try to reduce our trade deficits. this isn't it. good idea, horrible execution.

Spot on

[Tiny]

Originally Posted by VitaMan

What is the historical record on tariffs bringing fruit ?

The historical record of the last 60 or 70 years is that reducing tariffs, preferably to "0", correlates with greater prosperity. The biggest economic success story during that period was Singapore, which cut rates to "0". It's gone from a basket case to a GDP per capita that's 70% higher than the USA, after adjusting for purchasing power. The biggest success story in Latin America during the period was Chile, which cut its average rate from over 100% to 6%. Admittedly those countries implemented other free market policies as well, but free trade played a part.

Here's a list of weighted mean tariff rates by country in 2022, after Trump and Biden imposed higher tariffs on China:

https://data.worldbank.org/indicator....MRCH.WM.AR.ZS

I asked ChatGPT what the U.S. mean tariff will be assuming what Trump announced on Thursday and before comes to pass. She says 22.5%! That's based on this,

https://budgetlab.yale.edu/research/...-through-april

From the World Bank link above, if the Yale Budget Lab is right, the USA will have the second highest tariff rate in the world, behind Bermuda! And Bermuda isn't even a country. Bermuda btw doesn't have an income tax, sales tax or VAT.

[pxmcc]

^^great info sir..

[VitaMan]

News today is Trump will impose 50% more tariffs on China Wednesday if China
does not remove the 34% tariff they applied in response to Trump's 34 % tariff.


Also he hinted he may pause tariffs on other countries for 90 days.


This kind of haphazard approach has little benefit. It just increases the uncertainty of what Trump will do next. Are the companies considering moving plants to the US now supposed to go on pause ?

[Yssup Rider]

He is a fucking moron and is bankrupting the world.

There will be no WWIII because nobody will have any money to buy his bombs.

Dumb dumb dumb.

And we ALL knew it was coming. Even the great Americans who support him to this very 11th hour.

Sky has fallen. Somebody needs to stop this asshole.