Earlier quoted context omitted.
My position is that nobody educated in economics would believe that a tariff is something exporters from other countries pay the government of the importer's country.
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American importers and consumers bear the cost of 2025 tariffs: analysis
541–550 of 814 posts
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#542Earlier 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…
People don’t always tell the truth about themselves, even to friends, even to family.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#543I'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…
> What were you thinking? What was going through your heads? I'm genuinely curious.
I don't think it's a simple answer. A couple things that likely contributed (I'm not an expert, just my opinion): there is an EXTRAORDINARY amount of propaganda being spread, whether people realize it or not, on and off the internet that gets consumed nearly 24/7. This happens on both sides of course, but think about some of the events leading up to the election. Musk bought twitter and quite literally turned it into a multi-billion dollar propaganda machine.
The general "drain the swamp attitude" that the administration parroted during the election (and first term) represented a change from how "traditional" politicians/government do things. People value that even if they don't understand/think about how it would affect them personally. This ultimately lead to demonizing the federal work force and mass random firings (in many cases having nothing to do with merit).
Trump also represented a push towards traditional values and national identity, which for some people was more important than whatever economic plan Trump had to improve things in the country. Other than tariffs, did he even have a plan? I don't know. But many people didn't/don't seem to care.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#544Earlier quoted context omitted.
English is not my native language, and I wanted to clean up the grammar.
That's a great reason. I didn't pick up on usage of AI, it reads naturally.
I disagree completely. It is very obviously LLM-written, and I would much rather read grammatically poor English than LLM-written text, which has a dystopian vibe and just makes me depressed.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#545Earlier quoted context omitted.
The heritage society has worked for decades to tilt the ideological balance of the judiciary and the Supreme Court specifically. The GOP base’s cult-like devotion to Trump and his power to target the reelection prospects of individual representatives and senators has lead to them sidelining themselves. Unlike Trump’s first term, his cabinet and agency heads are little more than loyalists and yes men. Checks and balan…
Well, they've 'won'. Now they get to own the damage they are inflicting because this isn't going to end well.
I’m not sure they care so long as they maintain their wealth and can insulate themselves.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#546Earlier quoted context omitted.
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Much like I think if any Dem other than Hillary Clinton ran against Trump for his winning term 1, I think if the Dems had a proper primary process for this last election they'd probably have picked somebody who'd also have won. That said, I'm not sure being a woman was worse than being from CA or black with a solid chunk of the electorate. (I'm reminded of how some of my own relatives seemed to want to avoid visiting…
Hillary had 3M more votes than Trump.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#547Earlier quoted context omitted.
I don’t really know how we’d get there, but the US would be better structured as an EU of regions, IMO. The states are too small, but we’ve got regions with definite noticeable cultural differences (Northeast vs Southeast, etc etc). These areas have more similar values than the country as a whole, and are big enough to handle 99% of their issues. Like, we should not have done the ACA, just merged all the various alre…
The EU is moving in the opposite direction and trying to become more cohesive. The politicians and technocrats see the Euro as hamstrung with weak fiscal policies.
There’s probably a nice spot in the middle somewhere. The EU has smart folks, I hope they are studying exactly what went wrong over here.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#548Earlier quoted context omitted.
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…
Well when we look at rational economic policies take a look at top ~10 in terms of GDP, purchase parity adjusted, per capita: monaco, liechtenstein, singapore, luxembourg, ireland, macau, qatar, bermuda, norway, switzerland Monarchy: monaco, liechtenstein, qatar One party state w/ elections: singapore, macau direct democracy: switzerland represented democracy: Norway, Bermuda, Ireland, Luxembourg Multi-party represen…
I can only assyme that you meant something more akin to "absolute monarchy" but I still feel like pointing out that Norway, Bermuda, and Luxembourg are all monarchies. And of course out of all the monarchies listed Qatar is probably the closest to an absolute one.
And in the inverse Monaco is a multi-party representative (semi-)constitutional principality, so a monarchy as said.
So I don't necessarily disagree with your points, I'm mostly just adding thy these aspects of politics can and do coexist.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#549Earlier quoted context omitted.
Let's say it works and we're in the future where the manufacturing has returned to the US and you have US citizens building iPhones in large-scale factories and they are earning minimum wage. But why? Why would a US citizen want to be snapping mobile phones together for 6-12 hours every day? Do you have faith the US has an edge in manufactoring automation and won't need these semi-slaves? Do you have faith the nation…
> ...you have US citizens building iPhones in large-scale factories and they are earning minimum wage. But why? Why would a US citizen want to be snapping mobile phones together for 6-12 hours every day? The observation was that the wage boost of a minimum wage can be undercut by importing cheap goods made with slave labor. Workers can't get hired, domestic manufacturers cannot afford to hire. The point is not that s…
I see little to no sign that a living wage isn’t available to anyone willing to work and lots of signs that there are plenty of people who simply don’t want to work. They want a handout, not a wage.
Re: American importers and consumers bear the cost of 2025 tariffs: analysis
#550Earlier quoted context omitted.
There are multiple research papers that indicate that this result (in terms of what you think the paper says) is not obvious. Indeed, to think this is the case, you need an extremely superficial understanding of economics based around "rules" that only exist in theory. And, if you read the paper, you will find that evidence. How these work depends on initial conditions that vary and exporters will not react in a cons…
Can you name some of those peer reviewed publications say that tariffs wouldn't be paid by the consumer?
Below is the #1 paper, extraordinarily widely cited. They found that countries with significant market power systematically set higher tariffs on goods with inelastic supply, and in these cases the exporter lowers their price to absorb the tariff, improving the importer's terms of trade.
https://www.columbia.edu/~dew35/Papers/Optimal_Tariffs_Marke...