31–40 of 193 posts
This only needs to be explained to Americans who are somehow still hanging on to Donald Trump's explanation of tariffs: that they are gonna make foreigners pay. Tariffs are taxes that locals pay on stuff imported from abroad.
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It would take many years for production to meaningfully ramp up, but there absolutely is a lot of land in California that could be used to grow avocados if it made economic sense.
So, on to the next example: Brazilian coffee.
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Technically Hawaii and maybe Puerto Rico. But those areas don't have anywhere close to the land of Brazil, Columbia or Vietnam. -------- Another example: bauxite ore (Australia is our chief partner in that IIRC). USA somehow is missing the raw ore for Aluminum despite nearly everyone else in the world having it. There's lots of things we can't make
Correct, I know that coffee is grown on Hawaii, but it simply doesn't have the land area at the right altitude necessary to do so at the required scale. Something not quite the same, but parallel is happening with Florida oranges: > Only 12m boxes of oranges will have been produced in Florida by the end of this year (2024), ... The figure is 33% lower than a year ago, and less than 5% of the 2004 harvest of 242m boxe…
American tariffs are meant to be paid by Americans, and not usually meant to damage foreign companies. A rise in the price of imports is not an unforeseen consequence of tariffs, it's their entire purpose. This is basic knowledge that everybody at Bloomberg knows. You know the tariffs are targeted well enough because Bloomberg is against them; they wouldn't care at all if they felt that the costs could be passed onto…
however, paying the tariffs is essentially paying taxes and the government needs money and there’s nothing wrong with that. this one has the extra sword of helping our other Americans find work and increasing the likelihood that foreign goods will be purchased from allied nations and not totalitarian dictatorships with goals that might end in ww3 with the usa, while not completely cratering our economic system with full and immediate decoupling.
Earlier quoted context omitted.
Correct, I know that coffee is grown on Hawaii, but it simply doesn't have the land area at the right altitude necessary to do so at the required scale. Something not quite the same, but parallel is happening with Florida oranges: > Only 12m boxes of oranges will have been produced in Florida by the end of this year (2024), ... The figure is 33% lower than a year ago, and less than 5% of the 2004 harvest of 242m boxe…
Greening disease is the primary cause of decreased citrus production in the US https://citrusindustry.net/2024/05/07/florida-orange-product...
And tariffs won't change that.
Crazy that one of the major policy initiatives of the all Republican/Maga government is to impose a huge consumer tax increase. Maybe calling these "import taxes" instead of "tarrifs" would help emphasize that to the average voter?
Crazy that one of the major policy initiatives of the all Republican/Maga government is to impose a huge consumer tax increase. Maybe calling these "import taxes" instead of "tarrifs" would help emphasize that to the average voter?
Tariffs are supposed to change consumer behavior. What's next? Is Bloomberg going to be telling us that fluoridation is preventing tooth demineralization and not actually helping the Communists?
The President and his followers think that Tariffs are something foreigners pay. And they still think that.
Crazy that one of the major policy initiatives of the all Republican/Maga government is to impose a huge consumer tax increase. Maybe calling these "import taxes" instead of "tarrifs" would help emphasize that to the average voter?
That’s the point. It’s not crazy. Tariffs are regressive taxes. Rich people buy more stuff, sure, but as a percentage of their income they net out as beneficiaries of shifting taxes from income to spending. It’s totally rational if you want to increase taxes on the bottom 80% to subsidize the top 20% (and especially top 5%).