Second ('Third') Trump Presidency Thread
- Thread starter thethe
- Start date
Dude has lost it. Showed his leftist core values and can't handle the fact his 'studies' and 'centuries' of data have been completely wrong.
Tapate50
Well-known member
I believe the data that support tarriffs not being beneficial.
I can also believe that the market is much much different than when that data was collected. When you have been on the downside of most trade deals and can do better, they can be a useful tool in order to reset the balance. Will that cause some pain? Sure, it could. But no more than what Joe and company did and I heard much less direct blame thrown his way. And that pain was just as direct and purposeful....
We had to do something, and the long term benefit will outweigh the short term.
I am willing to still follow through with it. I know personally steel building manufacturers are doing well because they can now compete with the foreign stuff.
Tapate50
Well-known member
The reality is we were promised 'taxes on coonsumers' and 'material price increases' and 'empty shelves'.
NONE OF THAT HAPPENED.
American consumer has more money in their pocket todayy than they did a year ago.
Tapate50
Well-known member
Yes it was forecasted, and it has not come to fruition. It doesn't mean some things haven't bumped up, but it could have been coming anyway. We will never know.
I don't believe the consumer has more money in their pocket today than they did a year ago- I'd probably wait until tax refund time to say such if they are what we are led to believe. If not, i'd still give it til the end of the year for your "golden age" prediction.
Some things have bumped up as was always predicted.
Right now between gas, rent costs and real wage increases I do believe the consumer has more money in their pocket today than they did last year. The tax refunds are going to supercharge the consumer.
Yet we were the world's economic superpower by 1890. How did this happen with such high tariffs?
"Yes, tariffs were generally high and a central feature of 19th-century U.S. economic policy, especially after the Civil War, serving as a major revenue source and protection for burgeoning industries like steel, sparking significant debate and contributing to industrial growth but also economic friction, though their role in causing that growth is debated by economists. The U.S. maintained some of the world's highest rates, particularly on manufactured goods (often 40-50%), compared to Britain's move towards free trade and Germany/France's moderate tariffs"
"Yes, tariffs were generally high and a central feature of 19th-century U.S. economic policy, especially after the Civil War, serving as a major revenue source and protection for burgeoning industries like steel, sparking significant debate and contributing to industrial growth but also economic friction, though their role in causing that growth is debated by economists. The U.S. maintained some of the world's highest rates, particularly on manufactured goods (often 40-50%), compared to Britain's move towards free trade and Germany/France's moderate tariffs"
acesfull86
Well-known member
“The reality is we were promised 'taxes on coonsumers' and 'material price increases'”
“Some things have bumped up as was always predicted.”
Entirely consistent with my position from day 1.
You and the other lolbertarians said material price increases and the consumer would be eating all the costs.
I know you're going to move the goalposts because your doom and gloom never transpired. Go look back on what I've said from day 1.
acesfull86
Well-known member
And we’ve been the world’s economic superpower every year since 1890, “despite” significantly reducing those tariffs. The economy is more than its tariff policy.
Some products are more susceptible to tariffs than others. Negotiations with countries as well.
You can talk about one or two pieces all yoiu want we are by far 80 year high in tariff rates and prices haven't materially changed.
sturg33
I
So tariffs caused material price increases on those goods, correct?
Yes thats what happens when you look at line by line on a billion sku's. Beef though was a completely different issue with a small piece being tariffs.
However, when you look at the whole picture prices have not materially increased for consummers.
Unless of course you think without tariffs we would have had deflation.
sturg33
I
Why is beef more susceptible to price increases than say, washing machines
Tapate50
Well-known member
We probably should be popping tariffs on beef- we can produce that