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

kielinstitut.de

221–230 of 814 posts

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

#221

Earlier quoted context omitted.

Value added tax, to the best of my knowledge, is always paid by the end customer/consumer. Is somebody claiming otherwise?

So it's a huge German own goal? And they knew it?

Yeah, fair point. Yes, obviously taxes on businesses are born by the consumer. Saying that automatically makes them an "own goal" though is... quite the take.

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

#222

Earlier quoted context omitted.

I don't buy this - Harris had a big bump in the polls as soon as she entered the race and I think she could have won if she had offered voters anything . This bullshit that American's won't vote for a woman is just an excuse not to run women and to deflect blame towards a culture war issue and away from the fact that the democrats don't actually have popular policies. I voted for Harris, I even canvased for her, but…

You know what’s interesting though is I think that a Republican woman would be unbeatable. Many Democrats would be salivating at the historical opportunity.

Identity politics is not the way.

A Republican candidate could be a Muslim, a women, or trans, but that's not a good reason to vote for them. It should be about what they stand for. Voting for a Kristi Noem would be terrible, for example.

Similarly, the Democratic Party, if they're to win, should not depend on the opposition failing or on identity, but instead on solid ideas and the ability to communicate it well. Kamala wasn't that.

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

#223

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…

Outside the specious argument that other countries would pay, the other more serious argument was that tarrifs would promote the growth of domestic alternatives.

Yes it will hurt, they argued, but the long term effect will be a stronger and more independent domestic economy. And the pain is worth it for that end. There's plenty of evidence that what actually results are inferior products from domestic companies insulated from international competition, but that was the pitch.

There's also a large group in the base that voted for this who already had an ideological "buy local even if it costs more" philosophy, so to them the proposal was just to force everyone else to join their cause.

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

#224
post #84

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

It doesn’t help that the person who imposed these tariffs was indeed claiming the cost would be borne by foreign countries, and the political party in power is repeating the claim ad nauseam on every channel imaginable. It’s a misleading claim, but OTOH the point of making imports more expensive for Americans is to push them to prefer US made products, and if that happens and imports go down then at some level it’s t…

That was one claim about their purpose among many others. But it doesn’t make sense either. Will America start growing coffee? Will we suddenly develop capacity for all of the raw materials and processing we require to make everything in-house?

Tariffs rates by this administration are capricious and punitive, not targeted and strategic.

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

#225
post #83

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.

While I do agree with you (and unlike the other reply, I want to acknowledge that this bad-faith kind of thing happened with Louisiana declaring law enforcement a protected class), my hope was that this would have happened via Dominion's civil lawsuit, which could have been structured to name anchors & reporters individually as well as the larger Fox News organization.

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

#226

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.

What makes it hard to trade within the US now?

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

#227
One thing after overlooked about the tariffs is that since the financial market is completely parasitic into the US when a tarif on the imported competitive product makes it more productive the local producer can also increase their prices and their profits without having to do anything. The consumer is really the loser here.

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

#228
post #194

Earlier quoted context omitted.

I don't buy this - Harris had a big bump in the polls as soon as she entered the race and I think she could have won if she had offered voters anything . This bullshit that American's won't vote for a woman is just an excuse not to run women and to deflect blame towards a culture war issue and away from the fact that the democrats don't actually have popular policies. I voted for Harris, I even canvased for her, but…

> I think she could have won if she had offered voters anything. But she did offer voters lots of things if you spent 30 seconds listening to her and stepped out of the faux news and Twitter echo chambers. And basically every last bit of it would’ve helped the average American. She just didn’t lie and claim she had a magic wand to fix price gouging her first week in office. https://www.politifact.com/article/2024/sep…

Politicians should not preemptively give in to political resistance and tell their voters they can't solve their problems because its "unrealistic." You'd think we would have figured this out in the Clinton campaign. Politicians should have a set of goals they fight for rabidly and when political resistance manifests they should point their fingers at it and say "Those assholes over there kept me from forgiving student loans."

Democrats who believe in "realistic" political campaigns are why awful people keep winning.

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

#229

Earlier quoted context omitted.

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.

Oh it teaches you to resign yourself to slow decline? A very useful class then, I can see why it is so lauded.

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

#230

Can the title be changed to match some of the content text (eg America’s Own Goal: Who Pays the Tariffs?) ‘US Americans’ makes it sound as if a distinction is being drawn between Americans inside and outside of the US or something

United Statesians just doesn't sound as nice as Canadians or Mexicans.
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