Economics Thread

thethe said:
I want these countries to stop facilitating China skirting around existing restrictions (Vietnam). I want these countries to take down their own trade barriers and truly open up markets to American sellers. But even after that - I want a baseline tariff on all these countries because they should have to pay a premium to access our markets. It shouldn't be Americans fault that we demand more compensation for our labor.
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What needs to be in the trade agreement to formalize the commitment to isolate China?
Should I, as an American (Panican) consumer, expect this new baseline tariff to increase the price of my goods?
 
chop2chip said:
What needs to be in the trade agreement to formalize the commitment to isolate China?
Should I, as an American (Panican) consumer, expect this new baseline tariff to increase the price of my goods?
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I'm not privy to what controls are in place to ensure that this isn't happening but I trust the people Trump has in place will understand how to create systems that can be audited to ensure compliance.

Yes, you as a Panican should expect a slight increase in the cost of goods that when netted against all the other good that Trump is doing will result in more discretionary spending cash than they've had in years.
 
chop2chip said:
You’re welcome to offer a counter argument
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My counter argument?

Experts have been consistently wrong for quite some time.

Thats what happens when you use 'centuries of data' that have no bearing on the current state of the world.
 
thethe said:
Expert the lives off the corrupt system says the damage has been done because someone is finally trying to change the system.
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Maybe he’ll buy an imported pair of trousers, struggle to close the top button, realize the error of his worldview, and become one of the newly accepted experts.
 
acesfull86 said:
Maybe he’ll buy an imported pair of trousers, struggle to close the top button, realize the error of his worldview, and become one of the newly accepted experts.
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I know its going to endlessly bother you that Trumps strategies work and the American working/middle class will benefit from it.
 
thethe said:
My counter argument?

Experts have been consistently wrong for quite some time.

Thats what happens when you use 'centuries of data' that have no bearing on the current state of the world.
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I think I said centuries of data and theory - I can rewrite to make you feel better and say “centuries of theory and decades of real world data,” but what would that do? You’ve rejected all available data at every turn of the discussion anyway, including that from Trump’s first term, prior to COVID.
 
acesfull86 said:
I think I said centuries of data and theory - I can rewrite to make you feel better and say “centuries of theory and decades of real world data,” but what would that do? You’ve rejected all available data at every turn of the discussion anyway, including that from Trump’s first term, prior to COVID.
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Yes I reject data that has no comparability to modern day economics.

Just like when you model for future scenarios in finance you don't use results from 5+ years ago because of how stale it is and how fast teh world changes.

Figured that would just be obvious.
 
thethe said:
My counter argument?

Experts have been consistently wrong for quite some time.

Thats what happens when you use 'centuries of data' that have no bearing on the current state of the world.
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Is it your opinion that the “expert” is wrong with this claim?

“Even if the tariffs are permanently suspended, damage has been done to the economy via a permanent sense of unpredictability in policy. “
 
chop2chip said:
Is it your opinion that the “expert” is wrong with this claim?

“Even if the tariffs are permanently suspended, damage has been done to the economy via a permanent sense of unpredictability in policy. “
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'economy' being financial markets which are based heavily on speculation - But the actual economy for the everyday person won't be impacted to a great degree.
 
thethe said:
'economy' being financial markets which are based heavily on speculation - But the actual economy for the everyday person won't be impacted to a great degree.
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Uncertainty impact more than just financial markets—it can lead consumers to delay big purchases, put off projects, and cut back on spending, which slows economic activity and affects jobs and local businesses
 
chop2chip said:
Uncertainty impact more than just financial markets—it can lead consumers to delay big purchases, put off projects, and cut back on spending, which slows economic activity and affects jobs and local businesses
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So we should expect to see that the next what few months/quarters/years?

Eventually predictions have to be right don't they?
 
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