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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

#621

Post by tt24 »

reducesuffering wrote: post #111
al_borland wrote: post #74

Trump has floated the idea of eliminating federal income tax completely, which would balance things out. I think I’d rather pay taxes in the form of tariffs than through income tax. The tariffs can help protect jobs from being outsourced, which has been a big issue over the last several decades. With everyone talking about out AI coming for our jobs, having more options for employment seems like a good thing. I suppo…

Our current deficit is $600B. Individual income taxes are $2.7B. Where is your $3.3T hole going to come from?

Ideally it would be Medicare, Medicaid, and social security.

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

#622

Post by wood_spirit »

Uvix wrote: post #341
bparsons wrote: post #212

Earlier quoted context omitted.

Things aren't perfect in a lot of countries, but what is happening in the US right now is absolutely unique. Things are careening out of control, and the political system seems completely incapable of getting a handle on it. Most people I speak to in Canada, Europe and Central America seem perplexed why Americans they know do not seem more alarmed.

It’s not that we’re not alarmed, it’s that voters are unable to do anything about it for the next several months (if even then).

They could peacefully protest

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

#623

Post by Jordan-117 »

duxup wrote: post #8

We will see if SCOTUS majority decides tariffs are a tax or not and push the absurdity of their position even farther. I fear that they already decided that issue when they chose not to intervene and now have the excuse of "lol well can't undo it now" ready to go. Edit: It appears Trump & Co intend to replace SCOTUS if they lose the tariffs ruling ... https://www.nytimes.com/2026/01/19/us/politics/trump-tariffs... --…

The NYT article says they plan to replace the tariffs, not SCOTUS. Though I wouldn't be surprised if they eventually get to that point.

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

#624

Post by jt2190 »

rich_sasha wrote: post #281
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…

It's still a bit of a mystery to me TBH. Not that Americans are paying it, but where's the cash? The headline suggests it was all passed into consumers. So why is inflation still so low? If you add 10-30% to prices (granted, of imports, not of houses, domestic food etc), you'd expect more. If companies were eating it (which apparently they aren't) then their profitability should be down. But that doesn't seem to be t…

The tariffs haven’t really started hitting consumers yet, believe it or not. Major retailers rushed to get their Christmas goods into the U.S. before the deadlines. In 2026 we’ll start to see more of the impacts.

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

#625

Post by superb_dev »

jaredklewis wrote: post #529
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…

There is basically no overlap between the things that economists generally say are good (free trade, carbon taxes, cap-and-trade, immigration, land value taxes, organ trade, congestion pricing, etc…) and the things that populists of either the left or right say are good (rent control, price controls, tariffs, wealth taxes, debt relief, minimum parking requirements, etc…). Why would you (or anyone) be surprised that e…

Because the economy doesn’t work for the average citizen, the economy works to make the numbers bigger

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

#626

Post by overfeed »

groundzeros2015 wrote: post #507
overfeed wrote: post #440

Earlier quoted context omitted.

> if you want to understand what’s going on Funny how the in-depth analysis of motivations is strictly in one direction, ratcheting the Overton window forever rightward. On one hand we had mountains of articles about "economic anxiety" & "The MAGA next door" in 2016. On the flip side is "Fuck your feelings" and never a "humanizing, fish out of water" longform article about the life of a Democratic Socialist in a smal…

I disagree with your perceptions about media bias. I’m not telling you it’s a moral obligation to understand. It’s in your interest.

> It’s in your interest

Explain. Hopefully with details on how that tactic was utilized by the most politically effective group in the US in the past 50 years - the Heritage Foundation.

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

#627

Post by fruitworks »

jaredklewis wrote: post #529
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…

There is basically no overlap between the things that economists generally say are good (free trade, carbon taxes, cap-and-trade, immigration, land value taxes, organ trade, congestion pricing, etc…) and the things that populists of either the left or right say are good (rent control, price controls, tariffs, wealth taxes, debt relief, minimum parking requirements, etc…). Why would you (or anyone) be surprised that e…

good for whom?

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

#628

Post by NetMageSCW »

intended wrote: post #432
kryogen1c wrote: post #168

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…

Its an interesting point you end up raising - does it still count as a strategy even if you are doing something patently impossible given the knowledge and intelligence at your disposal? If someone decided to come up with a strategy to do something fanciful, like find the pot of gold at the end of a rainbow to solve their debt problems, would it really be worthy enough to be called a strategy?

What knowledge and intelligence would that be?

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

#629

Post by Uvix »

wood_spirit wrote: post #622
Uvix wrote: post #341

Earlier quoted context omitted.

It’s not that we’re not alarmed, it’s that voters are unable to do anything about it for the next several months (if even then).

They could peacefully protest

Protest only works if there’s someone to listen. The Republicans in Congress don’t care what their constituents want.

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

#630

Post by reducesuffering »

tt24 wrote: post #621
reducesuffering wrote: post #111

Earlier quoted context omitted.

Our current deficit is $600B. Individual income taxes are $2.7B. Where is your $3.3T hole going to come from?

Ideally it would be Medicare, Medicaid, and social security.

Good luck getting the US' elderly anti-socialists to vote away their own socialist benefits.
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