Almost all the comments acting like this is some truth bombshell, like people in trumpistan all thought raising tariffs magically made the us economy better. This is a straw man, no? Tariffs are a mid-long term strategy to encourage onshoring business, for reasons including military, national security, and political influence on foreign powers. This is a complicated topic involving the global economy and evolving int…
American importers and consumers bear the cost of 2025 tariffs: analysis
361–370 of 814 posts
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#362Earlier quoted context omitted.
Or you can use tariffs in a highly targeted way to try defend certain domestic industries from foreign competition. But as is common with this administration, they're doing everything in the dumbest and least productive way possible.
You misunderstand. Tariffs have always been in place like this. They are just expanded now. Enacted in 1988 via the Omnibus Trade and Competitiveness Act, the HTS replaced the older Tariff Schedules of the United States and took effect January 1, 1989. It aligns with the World Customs Organization's HS, adopted globally by over 200 countries. https://hts.usitc.gov/ You can see the archive going to "2015 and older" he…
Sorry buddy but it is you who misunderstands.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#363Earlier quoted context omitted.
I think that's wrong. The Democrat platform offered a lot. It's just that if in front of you, you have a weirdo who gives some stupid "with me, everything is free, and there's no problem" line, that is provable completely bullshit, but that your population is too uneducated (or too in a cult) to understand, then this happens... What did you want Democrat to do? Give the same lies that GOP does? then what's the endgam…
But... Mamdani offered free childcare and affordable housing and won. It's not that far from feee everything.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#364The issue is that the USA are in 100% post truth and 0% of the recent potus voters are able to reflect on economic policies level-headed.
I think it's the opposite. These were announced 9 months ago and none of the doomsday predictions have come to pass. There's been major impact to some things but for the most part the economy has hummed along without a blip. Certainly not the everything in Walmart is going to get 34% prognostications that some were making: https://news.ycombinator.com/item?id=43561253
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#365Almost all the comments acting like this is some truth bombshell, like people in trumpistan all thought raising tariffs magically made the us economy better. This is a straw man, no? Tariffs are a mid-long term strategy to encourage onshoring business, for reasons including military, national security, and political influence on foreign powers. This is a complicated topic involving the global economy and evolving int…
No, tariffs can be a tool in a mid-long term strategy. They are not themselves a strategy.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#366Earlier quoted context omitted.
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I know women in NYC who voted Trump because they believed Harris was not tough enough to handle the geopolitical stage. I know Puerto Ricans and Dominicans who voted Trump because they believe they are being replaced by a wave of new immigrants who will vote Democrat. My friends, an interracial couple who voted democrat, voted Trump because the schools were going to give their kids hormone pills without their consent…
No, they voted for Trump because he was their guy then later made up a rational justification. We know that people generally do NOT make decisions by rationally evaluating things, their subconscious makes a decision and their conscious makes plausible rational arguments. (Yes, citation needed.)
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#367I'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…
If I recall correctly, we vote for presidents, senators and the congress who have policy stances on a variety of issues. There are usually only two options, one of which stands for open borders, not enforcing laws, socialism and demonizing people who choose the other option on the ballot.
A large cohort of independents didn't vote for republicans, they voted AGAINST democrats.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#368There's an entire world to trade with. If the Americans choose to shoot themselves in the foot, we won't be the ones paying for the bandage. Also, it's deeply naïve to assume tariffed countries would absorb the cost. Why would they? It's like going into a shop and asking for a discount because you just took out a loan. Why would the shop give you a discount for something you inflicted on yourself? And what makes you…
3 days ago world's largest free-trade area was created when EU and Mercosur bloc signed free trade deal after 25 years of negotiations. EU + South America start trading more while America shuts itself out.
The US might have an easy to choice to make after Trump. Regardless of who takes over. Simply roll back tariffs and instantly boost the economy. The protection aspect of tariffs will probably have proven to be mostly counter productive by then.
At least I don't see the US car industry doing any better when it can't export. Coal probably won't ever recover from being obsolete, etc. I think this mostly won't be controversial a few years down the line.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#369I'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…
Like you observed, no one with a grasp of economics thought exporters would absorb the cost of these tariffs. That includes myself, a person who supports tariffs. I don't think it should be necessary to explain why tariffs might be desirable, because they were not invented by idiots, but I will explain briefly. Tariffs make foreign imports more expensive. This dissuades people from buying them. Some of those people w…
First, there have been huge numbers of manufacturing jobs in the U.S. that Americans simply didn’t want to do, so adding more manufacturing jobs they also don’t want to do isn’t going to help the economy. It’s the proverbial, “Americans don’t want to screw tiny screws into iPhones.” situation.
Second, for there to be any prayer of the tariffs working to boost local production (whether staffed or automated), they both cannot be capricious nor can they be applied to the goods and services necessary to acquire and deploy in service of increasing that productive capacity. If the tariffs can be waved around randomly like a threat of grounding a child, then they work only as an instrument of short-term extortion, not as a mechanism to expand an economic base. If the goods and services required for expansion are tariffed, then there’s a giant margin and time-to-ROI disincentive to make the investment as well.
Third, there is absolutely no good reason to apply tariffs to goods and services for which you have no plausible domestic substitute. There’s no point in putting tariffs on bananas and coffee in the U.S. unless what you want is to basically put the equivalent of a “sin tax” on bananas and coffee because you’re weirdly morally opposed to people eating bananas and drinking coffee or something.
Fourth, tariffs don’t ever make domestic equivalents cheaper or more affordable for consumers relative to comparable foreign imports. They just drive the price of all available options up to or near the baseline cost of goods plus the tariff. In the absolute best case scenario where everything about tariffs works out as perfectly as possible, you’re just adding margin for producers.
Trying to be globally competitive economically by using tariffs makes no sense. Trying to improve domestic economic conditions by using tariffs makes no sense. It’s a ridiculously shallow, nonsensical approach to attempting to do either of those things even when they’re used carefully and responsibly, but they were never going to be used carefully and responsibly.
The point of them was always going to be to use them as a means of paying for indulgences and dispensations.
Though perhaps that’s a preferable policy than to re-shore sweatshops and child labor to the U.S. as you’re implicitly suggesting should be done?
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#370Earlier 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…
She’s known to own firearms. I wonder what would happen if one of these Democrat candidates released a video like “A girl and her Glock: Kamala goes John Wick”. Similarly, AOC should visit the south, eat some grits, volunteer with some Black churches, and do a little skeet shooting with some good ole boys.
https://news.gallup.com/poll/186248/quarter-voters-say-candi...
But I don't think that one performative step would help, it would require like decades of change on the platform of the Democratic party.