Cthepack said:Agreeing with you.caryking said:Cthepack said:Very easy to spot the ones that do not work internationally and with international trade.caryking said:ciscopack said:He's a dumb ass and can't help it; momma and daddy dropped the ball. 6 time bankrupt.Wolfpackrich1 said:
Tariffs paid by American consumers. Great job Mr. Trump.
Again your children and theirs will pay for climate change. Just look around fella.
American businesses and consumers, not China, are bearing the financial brunt of President Trump's trade war, new data shows, undermining the president's assertion that the United States is "taxing the hell out of China."
"U.S. tariffs continue to be almost entirely borne by U.S. firms and consumers," Mary Amiti, an economist at the Federal Reserve Bank of New York, wrote in a National Bureau of Economic Research working paper. The other authors of the paper were David E. Weinstein of Columbia University and Stephen J. Redding of Princeton.
Many of the products that the United States sells to China are undifferentiated commodities, like agricultural goods, but China sends many specialized consumer goods like silk embroidery, laptops and smartphones to the United States. China can easily swap Brazilian soybeans for American ones, but the types of goods that China sends to the United States are harder for American businesses to substitute.
While Trump's tariffs may have brought some countries to the negotiating table, in the long run the tariffs likely also contributed to pushing other potential trade partners away. When negotiating trade agreements, countries want partners whose policies are stable and predictable, with the goal of establishing a long-term, win-win partnership. Trump's eagerness to resort to tariffs, including in relations with close allies, has made the U.S. a less desirable trade partner for other countries.
The national security case for tariffs on steel and aluminum is even murkier: while there may be a case for ensuring domestic production capacity for these commodities, it isn't clear tariffs are the best instrument (or that they even achieve this goal). These tariffs antagonized many of America's closest security partners, particularly Canada, which undermined efforts to cultivate a broader multilateral alliance to challenge China. Moreover, the Trump administration's frequent recourses to national security on flimsy grounds will make it more difficult for the U.S. to push back when other countries cloak protectionism in tenuous appeals to national security.
All of that is political speech.. (Edit) All of that is BS from some swamp person writing a paper.
Does anybody here work with international trade?
I do! The tariffs are doing exactly what they were intended to do. Companies are looking for alternative sources around the world. The fashion industry has been moving away from China as fast as they can, excluding fast fashion.
So, have you truly seen an increase in the price of goods? I haven't! Prices are set by the market. If the cost goes up, then margins are compressed. What are companies doing? They are finding alternative supply chains away from China.
The big threat the country has is this move will take a long time. So many raw materials are still made in China. The complete supply chain is not supportable in this hemisphere. If we pull back on the tariffs, this will stop the transition.
1) no appreciable increase in prices - go ahead and quote stats to dispute this. Just look at your pocketbook
2) stock market continues to go up - everyone's retirement, if invested, has seen a nice boost
3) gas prices have come down
The net affect is more cash in ones pocket
Meaning?
Thank You!
On the illegal or criminal immigrants…
“they built the country, the reason our economy is growing”
Joe Biden
“they built the country, the reason our economy is growing”
Joe Biden
