Economics Thread

sturg33 said:
Also, a reminder.

Trump only initiated about half the tariffs he promised because markets responded so negatively. And he has also undone many of the tariffs he put on *specifically* to lower the costs on those items
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So only half a crash we should have expected?
 
sturg33 said:
Im asking specifically about sales taxes and income taxes.

If they were increased, what would the impact be?
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Well since that’s DIRECTLY to end consumer it’s not good. Thankfully tariffs are mostly paid by others and we get other intrinsic benefits like adjusting the incentives to onshore or find alternative supply routes.
 
acesfull86 said:
If the Braves win 95 games but have a pitcher with a 10.50 ERA, would you tell me it’s ridiculous to claim that pitcher is hurting the team? Why would I have to ignore specific, real world data that isolates the impact of that one player in favor of simply looking at the team’s overall record?
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Because manufacturing was only a minor blip in 2019 and not the major downturn you're making it out to be.

Of course all economics guys blame tariffs for that like they always do but it's more complicated than that.
 
thethe said:
Well since that’s DIRECTLY to end consumer it’s not good. Thankfully tariffs are mostly paid by others and we get other intrinsic benefits like adjusting the incentives to onshore or find alternative supply routes.
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Ok so raising costs on things is negative for the economy

I agree!
 
It is also worth noting that businesses have absorbed some of the tariffs. I've focused on how much it has affected prices and real incomes for a typical family.

But the erosion to businesses bottom lines has contributed to weaker job growth.

That's a whole other mechanism through which tariffs have had a negative impact on the economy.
 
nsacpi said:
It is also worth noting that businesses have absorbed some of the tariffs. I've focused on how much it has affected prices and real incomes for a typical family.

But the erosion to businesses bottom lines has contributed to weaker job growth.

That's a whole other mechanism through which tariffs have had a negative impact on the economy.
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Tariffs impacted federal layoffs and removing illegals form jobs? Wild
 
nsacpi said:
It is also worth noting that businesses have absorbed some of the tariffs. I've focused on how much it has affected prices and real incomes for a typical family.

But the erosion to businesses bottom lines has contributed to weaker job growth.

That's a whole other mechanism through which tariffs have had a negative impact on the economy.
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Remember when trump demanded Walmart eat all the price increases?

Anyhow, corporate layoffs are highest they've been in 20 years
 
sturg33 said:
Also, a reminder.

Trump only initiated about half the tariffs he promised because markets responded so negatively. And he has also undone many of the tariffs he put on *specifically* to lower the costs on those items
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Yeah. A lot of the more dire forecasts came in April after the Liberation Day announcements. What has actually been implemented has been milder than the Liberation Day tariffs.
 
Garmel said:
Recovering from Bidenomics.

I'm still waiting for Trump to cause a crash that it will take a generation to recover from.
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Ahh

All data pointing to negative indicators doesnt count

And that we havent had a great depression yet is proof that the tariffs are good policy

Cool
 
Garmel said:
Recovering from Bidenomics.

I'm still waiting for Trump to cause a crash that it will take a generation to recover from.
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Trumps tariffs in term 1 did nothing to boost US manufacturing.

Biden kept them in place

Trump has raised them

Manufacturing is way lower than when all this started

At what point are yall gonna wake up?

Oh right I forgot, covid
 
acesfull86 said:
I agree the disastrous Biden regime made a mistake leaving Trump’s tariffs in place

I knew we’d all come together in the holiday spirit
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Yes. They wanted Pennsylvania's electoral votes. I don't think the politics or the economics ended up working for them.
 
sturg33 said:
Trumps tariffs in term 1 did nothing to boost US manufacturing.

Biden kept them in place

Trump has raised them

Manufacturing is way lower than when all this started

At what point are yall gonna wake up?

Oh right I forgot, covid
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How did we have such great economies with high tariffs before globalization happened?
 
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