Economics Thread

chop2chip said:
Can someone please explain to the construction workers of America that this just impacts COGS
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Services and products are different things.

Services will also get more expensive as illegals are removed from the country.

Fortunately, most of all source material in construction like home building can be reconfigured to America which is basically the point here.
 
mqt said:
I think there’s a genuine chance that we’ll see an increase in terms like “price normalization” and “short-term fluctuations” and some folks will try to convince us it’s our civic duty to shoulder these increased costs for some nebulous amount of time until things level out.
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And yet you would be THRILLED to pay more taxes if it meant getting what you would want.
 
thethe said:
And yet you would be THRILLED to pay more taxes if it meant getting what you would want.
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I might, but I wouldn’t want poor people to disproportionately do so, particularly when “getting what I would want” is programs to help poor people not be homeless or die.
 
This is like all other things with Trump. Hair on fire! This is awful! Then when none of the standard customary predictions come true it’s in to the next.

Sit back and watch the real adults work the world and make it better mostly for Americans but for everyone.
 
Or, it’ll play out the way tariffs have played out for decades/centuries, and the evidence will be ignored/excused away by those in the tank for MAGAnomics. See: Trump’s first term.
 
https://www.bbc.com/news/articles/cn4z23kndlyo.amp

Canada has announced retaliatory tariffs against the US, in a move that marks the beginning of a trade war between the neighbouring countries.

Prime Minister Justin Trudeau set out "far-reaching" tariffs of 25%, affecting 155bn Canadian dollars' worth ($106.6bn; £86bn) of American goods ranging from beer and wine, to household appliances and sporting goods.

…

Trudeau's response targets items including American beer, wine, bourbon, fruits and fruit juices, vegetables, perfumes, clothing and shoes, as well as household appliances, sporting goods and furniture.

Lumber and plastics will also face levies and non-tariff measures are also being considered are related to critical minerals and procurement.


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Turns out we live in a world where we’re not the only ones with agency.
 
acesfull86 said:
https://www.bbc.com/news/articles/cn4z23kndlyo.amp

Canada has announced retaliatory tariffs against the US, in a move that marks the beginning of a trade war between the neighbouring countries.

Prime Minister Justin Trudeau set out "far-reaching" tariffs of 25%, affecting 155bn Canadian dollars' worth ($106.6bn; £86bn) of American goods ranging from beer and wine, to household appliances and sporting goods.

…

Trudeau's response targets items including American beer, wine, bourbon, fruits and fruit juices, vegetables, perfumes, clothing and shoes, as well as household appliances, sporting goods and furniture.

Lumber and plastics will also face levies and non-tariff measures are also being considered are related to critical minerals and procurement.



—————

Turns out we live in a world where we’re not the only ones with agency.
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Oh this post will be cute in a month.
 
acesfull86 said:
Or, it’ll play out the way tariffs have played out for decades/centuries, and the evidence will be ignored/excused away by those in the tank for MAGAnomics. See: Trump’s first term.
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Hey man - if you think a 2 year analysis window yields all results from policy changes then cool. Can’t stop you from being wrong.
 
thethe said:
And yet you love to evaluate the trump ones where the economy was roaring before the ccp virus. Something you love to look past.
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To be clear, you’re telling me I’m wrong because my “two year analysis window” is too short a timeframe to properly evaluate the tariff impacts, yet you can properly assess their positive benefits by only looking at the economy prior to COVID. Even though that timeframe is by definition a smaller “analysis window” than the one I’m incorrectly using.

K.
 
acesfull86 said:
To be clear, you’re telling me I’m wrong because my “two year analysis window” is too short a timeframe to properly evaluate the tariff impacts, yet you can properly assess their positive benefits by only looking at the economy prior to COVID. Even though that timeframe is by definition a smaller “analysis window” than the one I’m incorrectly using.

K.
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The big bad tariffs didn’t stop an economic boom. Funny.
 
Credit where credit is due to OMB. I am a fan of shutting down “de minimus” shipments from China. On the surface, that’s a really good policy.
 
We need to stop using AG imports from Mexico anyway. It’s killing US agriculture that has to pay living wages and proper use of chemicals and fertilizers
 
Tapate50 said:
We need to stop using AG imports from Mexico anyway. It’s killing US agriculture that has to pay living wages and proper use of chemicals and fertilizers
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That’s all well and good, but it’s not going to help people who already cannot afford to buy food.
 
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