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American importers and consumers bear the cost of 2025 tariffs: analysis

kielinstitut.de

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Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#141

Post by lobsterthief »

Sharlin wrote: post #29
diydsp wrote: post #10

Earlier quoted context omitted.

Ive done a lot of analysis on the Trump as Putin agent topic. I found he nearly as often acts agents Russia as with. What's more likely is he treats Putin as an inspiration, wrt to converting the country to an oligarchy and offshoring national funds for himself.

Yeah. The idea that he's a Russian asset, although tempting, has always seemed to me like a coping mechanism of sorts – externalizing the evil, like blaming the devil for one's bad deeds. And, of course, Hanlon's razor is very much relevant here, although certainly it doesn't apply to everybody in Trump's inner circle. Some of them are very much competent and malevolent.

Why not both?

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#142

Post by harikb »

floren wrote: post #83
throw101010 wrote: post #62

Earlier quoted context omitted.

FOX News, after their scandal with Dominion, should have been broken down or even shutdown. They deliberately disinformed the public, there is blatant evidence that the news anchors were aware that they were lying. Not just bending facts a little or opining, but knowingly and purposefully lying. The pretext of freedom of expression, and more narrowly freedom of press should not *continue* to apply to businesses/indiv…

Can you stretch your imagination to a scenario in which a hostile administration, eager to shut down critical reporting, might declare that various outlets are engaging in fake news and must thus be shut down? Let's be glad a precedent wasn't set.

Afraid of precedent? Your comment gave me a chuckle, but not in the way you think.

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#143

Post by SantalBlush »

like_any_other wrote: post #65
protoster wrote: post #18

Earlier quoted context omitted.

Many problems in the world would be solved if people actually read Economics 101.

Does reading Econ 101 make one okay with losing their industrial base to a competitor that hasn't bought into the free market dogma?

It gives a few reasons why you're still not getting that industrial base back, even after tariffs.

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#144

Post by PunchyHamster »

sensanaty wrote: post #13

Isn't this literally economics 101? How did we ever even end up imagining that tariffs are somehow paid by the exporter??

I guess one explanation of the delusion would be "surely if exporter product is more expensive they will have to lower price to compete with locally made product, and if they do not the local equivalent will just sell better".

Doesn't really work when main reason for product existence on market is either "no equivalent" or "this particular subgroup is only imported" (say given specifically tasting cheese).

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#145

Post by boarsofcanada »

PaulRobinson wrote: post #106
bartread wrote: post #56

I'm glad they've done the work here and put a figure on it - the impact absolutely needed to be quantified - but I also have to say... to the surprise of absolutely no-one with even the most basic grasp of how economies function. People, lots of people, lots of people who have a really deep understanding of national and global economics (unlike me), have been warning about this since talk of tariffs became common cur…

A lot of Americans believed the guy they wanted to believe in, because they didn't want to believe the people they didn't want to believe in. You're assuming that modern politics across most of the World has something to do with rational, logical thought. Russia, China, Europe, the US, the Middle East - they are all in a quagmire of irrational fractures between the public and the political classes who want power/cont…

Yeah I am not sure where I read the article recently, but there was a nice write-up about how all politics everywhere is turning into tribalism with little or no actual consideration for policy beyond ideology.

Not that it’s necessarily as bad everywhere, but time and time again I talk to people from various countries who say the current leader never could have been elected back when they were living there.

A lot of this, as in the case of Trump, seems like legitimate dissatisfaction that voters have which is funneled into finding alternatives to the people that are currently representing them, without deep thought about the outcomes of the policies the replacement is pushing for. In the case of Trump voters in particular people seem to very frequently be willing to overlook statements they would otherwise disagree with just because there are other statements that align with their thinking, or that seem like “change” that they are willing to support to see where it leads.

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#146

Post by nasmorn »

nosianu wrote: post #47
senorrib wrote: post #24

Earlier quoted context omitted.

No, it isn’t that simple. Who bears the most weight depends on the elasticity of the curve on each side. This is confirming demand is more inelastic, which causes it to bear the burden, but could have been the other way around.

What does elasticity matter if you no longer make a profit? Isn't the only thing that could matter - apart from strategic considerations of financing a loss for a time - if the margins are big enough? Who wants to pay for people to take their products below the full cost of making them, apart from some investor-financed hype startups?

This is what the supply curve describes. For each individual producer there is a hard cutoff but in aggregate these are a curve

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#147

Post by mrtksn »

gostsamo wrote: post #78
mrtksn wrote: post #64

I always thought that this tariff stuff is about restraining American consumerism first and coerce export oriented countries. Also, this obsession over the importance of accessing US consumers feels ridiculous. If Americans aren't buying then it means more stuff for everyone else. EU/China etc. sends actual things to US and US sends back dollars that are created out of thin air. It must be a restructuring pain more t…

The issue is that the EU and China are not structured to rely on internal consumption. We just cannot buy everything we produce. Fixing that would require years of carefully managed policies and at least for the EU, I've lost confidence that the national governments can work well-enough together to manage such a project. The rest of the world is in a similar situation, so it will be fun times until things settle, hop…

Why someone needs to consume the stuff produced?

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#148

Post by BanAntiVaxxers »

boplicity wrote: post #46
shevy-java wrote: post #26

I actually think Trump is going to lose big soon. One turning point was the death of Renee Good. Past this point the ICE stormtroopers may kill anyone else too, no matter who that is - just step in front of a car and shoot when the car moves. For serious penalty, all those TechBro cronies need to have all assets seized. They are imcompatible with democracy.

It's not just Renee Good. Unfortunately, this didn't get a lot of attention, but they also threw a flash-bang grenade and tear gas at a car filled with six children. A six month old baby had to get CPR from her mom. Two kids were hospitalized. None of this is acceptable. And their overtly violent behavior has nothing to do with enforcing the law.

It’s acceptable to a lot of Americans, but because they specifically voted for it.

Finally the “right people” are getting hurt.

That is how they see it

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#149

Post by dominicrose »

bartread wrote: post #56

I'm glad they've done the work here and put a figure on it - the impact absolutely needed to be quantified - but I also have to say... to the surprise of absolutely no-one with even the most basic grasp of how economies function. People, lots of people, lots of people who have a really deep understanding of national and global economics (unlike me), have been warning about this since talk of tariffs became common cur…

I'm not American but tariffs might be a way to "make America great again" because it makes it harder to trade with other countries. This means that it makes it relatively easier than before, to trade within the USA. Another effect is that it serves as a tax. Easy for me to say but I think Americans aren't taxed enough.

Re: American importers and consumers bear the cost of 2025 tariffs: analysis

#150

Post by onetokeoverthe »

bartread wrote: post #56

I'm glad they've done the work here and put a figure on it - the impact absolutely needed to be quantified - but I also have to say... to the surprise of absolutely no-one with even the most basic grasp of how economies function. People, lots of people, lots of people who have a really deep understanding of national and global economics (unlike me), have been warning about this since talk of tariffs became common cur…

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