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

kielinstitut.de

671–680 of 814 posts

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

#671

Earlier quoted context omitted.

> Relics are only a way of advertising the religion. I can't follow you here. Relics only have a meaning when you already believe them to be relics and no just random bones. How is that advertising?

No, you don't have to be religious to understand what religious symbols are about.

You can understand them, but there is no point for you, since they don't mean anything to you.

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

#672

Earlier quoted context omitted.

would explaining that Tarrifs are supposed to create comparative competition rather than get other countries pay fees dramatically change her world view?

I do not see why it would.

I agree - she would adopt the stronger position.

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

#673

Earlier quoted context omitted.

Labor laws, PPP and standard of living.

Then maybe it's morally right to tariff their goods? (As all countries already do, not only the US) Otherwise, what's the purpose of labor laws within the US or Europe?

Economics doesn’t go well with gut feels or idealism.

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

#674

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…

Economics is usually optimising for a narrow utility function, usually something to do with price discovery, but that doesn’t normally align with more human societal goals. Take, say, surge pricing. Maybe without surge pricing you pay $60 for a taxi but have to wait 30 mins when it’s busy. With surge pricing at busy times it’s $120, so people who can afford $120 wait 0 minutes but people who can only afford $60 have to wait 2 hours for surge pricing to end. “Economists generally” would say surge pricing was better, but voters and politicians are considering the wider trade off of whether it’s fair some people get to jump the queue and some people have to wait longer. There’s also usually a bait-and-switch where the people having to wait 2hrs are told that the $120 will generate more in taxes so if they vote for surge pricing they’d actually be better off, then the $120 is spent lobbying to ensure the taxes never materialise.

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

#675

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…

to the surprise of absolutely no-one with even the most basic grasp of how economies function. No, it is surprising, as noted in the article, because basic economics suggests that suppliers will adjust pricing, and eat some of the tariff to keep their products competitive. Page 5: This finding was initially surprising to some observers. Standard economic models suggest that the incidence of a tariff depends on the re…

I'm trying to buy a tool made in Pennsylvania but which for some coincidence is popular in Canada, and to my surprise all the US online suppliers have doubled their prices to match Canadian online suppliers after shipping.

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

#676

Earlier quoted context omitted.

No, you don't have to be religious to understand what religious symbols are about.

You can understand them, but there is no point for you, since they don't mean anything to you.

Depends on how much "supporting evidence" you give me.

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

#677
post #567

Earlier quoted context omitted.

I can, and I've specifically said "guilty/liable", meaning that people will go to the highest court available to them to defend their rights. If in the last instance they are still found guilty/liable, they should suffer the consequences I've mentioned. These legal decisions, by multiple courts/juries, if you can't trust them anymore you have already lost in terms of democracy/republic. I still believe the SCOTUS is…

> still believe the SCOTUS is trying to uphold the principles in the Constitution, for now Republicans on court are very clearly pusuing agenda that has nothing to do with that.

I agree some of their decisions are politically biased but they have taken some decisions against Trump too. It's clearly unbalanced, and that's mainly because Republicans used every dirty trick in the book to prevent Obama from picking a Justice he was supposed to.

The upcoming decision about tariffs might flip me completely on this issue, I see zero legal reason for global tariffs to be within the power of any individual, including the President. If the Court presents any argument in favor of them, I don't think I will consider it legitimate anymore.

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

#678

Earlier 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. It's sad but true. Deep down, political thinking is influenced by tribal thinking, a rigid us versus them mentality. This is, after all, how the "divide and conquer" method gets to be so effective. A house divided amongst itself and all that.

You're acting like Democrats are as deep in the cult of personality as Republicans are, yet outside of the most corporate liberal circles, Harris and Biden are heavily held in contempt by most of the Left.

I get what you mean, and agree that

> Harris and Biden are heavily held in contempt by most of the Left.

To be absolutely frank, I don't consider the Democrat party as "Left" in any (traditional?) sense at all, even though it may include Left and Left-leaning elements.

(But then again I don't consider Starmer's Labour as Left either, and one could argue that Labour is more Left than the Democrats.)

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

#679

Earlier quoted context omitted.

I do not see why it would.

I agree - she would adopt the stronger position.

I have no idea what you are saying.

Are you saying that my aunt would suddenly change her mind about the nature of the Trump tariffs to understand that they achieve a totally different outcome than she thinks over a totally different time frame?

She already thinks that Trump has saved american manufacturing and that the deficit problem is gone. Why would she change that opinion?

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

#680

Earlier 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. It's sad but true. Deep down, political thinking is influenced by tribal thinking, a rigid us versus them mentality. This is, after all, how the "divide and conquer" method gets to be so effective. A house divided amongst itself and all that.

That’s a clever bothsiderism. However, these two tribes are not alike.

True, they're not alike, nor are the subtribes that are funneled into the two quasi-distinct groups.

But I think the methods by which they're being manipulated are quite alike, and ultimately forced to side with the current tribal figurehead simply because it's not the other tribe's figurehead, even if there are many, and legitimate, contentions.

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