221–230 of 339 posts
Earlier quoted context omitted.
Found to be illegal when? 3 decades after they've done their damage?
There's a case in process that'll likely resolve in the next two months. Quite a few companies have filed suite banking on getting their fees reimbursed. In the current political climate nothing is certain - but this will likely come to a resolution in the near term.
Everyone has been getting sold that these tariffs are on "China" or fill-in-the-blank on what country we're "getting" with them. The reality is that's a fundamental misunderstanding of what a tariff is. There is a reason you will find tariffs drop off after the great depression. They make everything more expensive for businesses and in turn, the end consumer. https://en.wikipedia.org/wiki/History_of_tariffs_in_the_Un…
No. The point is to make foreign goods more expensive in order to bring production back to the US. People who don't realize this point out who is actually paying and claim its a problem. Will this bring manufacturing back? It seems to be working to some extent, but its a risk to manufacturers because the whole thing could get reversed after an election.
If China and the US were producing the same things but the US version was just a bit more expensive, then sure, consumers might switch yo the US version if the Chinese version overnight became the more expensive one.
But that isn't what's happening generally. China is producing stuff that the US simply doesn't produce, and so consumers just need to pay the increase out of their own pockets for the same Chinese product. It takes multiple years lead time to set up a manufacturing operation for anything of note, and I doubt many people are convinced of the stability of the tariffs to make that leap.
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> Once tariffs are in place for a year or two it is possible that, domestic producers have expand capacity That's how tariffs would work if wielded for the right reasons. But now domestic producers have to pay tariffs on the very machines and inputs needed to expand capacity.
So in theory, domestic suppliers of those machines and inputs should eventually be viable.
Many carriers also effectively stopped honouring DAP Incoterm. If consumer doesn't pay the tariff within 2 months or so, they charge the shipper. See FedEx for instance: 14.6 Regardless of any payment instructions to the contrary, the Sender is ultimately responsible for payment of duties and taxes and all fees and surcharges related to FedEx’s disbursement of duties and taxes if payment is not received. If a Recipie…
Earlier quoted context omitted.
No. The point is to make foreign goods more expensive in order to bring production back to the US. People who don't realize this point out who is actually paying and claim its a problem. Will this bring manufacturing back? It seems to be working to some extent, but its a risk to manufacturers because the whole thing could get reversed after an election.
I work at a manufacturing supplier (packaging and logistics) and our business has been on fire since the trade war kicked off. Pre-COVID we were at ~$25MM yearly and now we are $150MM+ and growing steadily. We just bought a million sq ft building (that was an old RCA plant) and millions in new machinery to keep up. We are only a regional player, too.
And you think this is due to tariffs? If so, please provide some details.
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Yes, and the gamble is that the positives from boosting domestic industry will outweigh the negatives from higher prices. The only people confused about this are NPR-constructed strawmen.
Except Trump himself repeatedly claimed that the exporting country is paying the tariffs and that the US is earning billions of dollars. And many of his followers seem to believe this.
Everyone has been getting sold that these tariffs are on "China" or fill-in-the-blank on what country we're "getting" with them. The reality is that's a fundamental misunderstanding of what a tariff is. There is a reason you will find tariffs drop off after the great depression. They make everything more expensive for businesses and in turn, the end consumer. https://en.wikipedia.org/wiki/History_of_tariffs_in_the_Un…
I suspect very few believes the claims other countries are paying the tariffs anymore. People are just saying that's true to stick to the party line.
Unfortunately, saying plainly untrue things has become a major part of US politics.
Whether the money is coming out of US consumers and businesses or out of Chinese businesses, where is the money going? How is it being used?
Earlier quoted context omitted.
> Everyone has been getting sold that these tariffs are on "China" Everyone? No, only the willfully ignorant.
Right. They're on goods from China. The intent is to make that stuff more expensive so we can compete.
And Afghanistan, Botswana, Cameroon, Fiji, Indonesia, Malaysia, Nauru, Serbia, …
* https://en.wikipedia.org/wiki/Tariffs_in_the_second_Trump_ad...
Also, let's not forget about 'penguin island':