Wow. What am I missing.
@conan explained it in a concise manner. I wasn’t being sarcastic when i said that.
Hawley is buying votes to assuage his constituency who has wrongly or rightly bought into the possibility that their industry or livelihood may be affected by tariffs.
1 Like
Oh it’s definitely hitting beef prices as we speak. Due to trimming back our cattle herd Brazilian, Canadian beef has gone up due to tariffs.
Last Aug the US cattle herd was alread the smallest since 1951.
It has since declined further still (and now a Screwworm is hurting herds hard.)
(Notice the dates)
That was hyperbole! Opening gambit. You can’t take him seriously!
Trump sent us a couple checks last time around, didn’t he?
I’m not sure how many countries will take our beef. They have different standards I think.
Maybe it’s just the UK?
Stimmy!
1 Like
My reaction to Trump’s India announcement:
-
In general I am so enthusiastic about the good parts that I am willing to overlook the bad parts at least for now.
-
The best part is that someone, anyone, is finally calling India to task for buying Russian oil. It’s terrbile that they do that. It is terrible that until now NATO etc. has been too spineless to do anything.
-
India does have a lot of nontariff barriers and those barriers have long been one of their favorite policy tools. It is very good that Trump is calling them out on that.
-
The bad part? In the bigger picture we should be seeking to get closer to India and to use “we might cozy upto India” as a negotiating tool vs China. In that regard, this announcement seems to move in the opposite direction.
I get what you are saying about India buying oil from Russia but that is up to them. Because we do relatively little trade with India how is the tariff going to hurt them?
India won’t be paying the tariff. We will be.
Glad he called out Russia in that.
Right,
All taxes always and everywhere, even corproiate taxes and millonaire taxes get shared between the cupplier and the demandor.
This is always and eveywhere true now, regarding tariffs.
This was always and eveywhere true in the past when libs advocated taxes on milionaires, taxes on corporations etc..
The only difference now?
An “R” is proposing a tax so liberals have changed sides & suddenly started making the same exact argument they rejected 100 times before
Indian exports to the US are about 2% of India’s GDP.
As for hould tehy be allowed to do anything, well, pick your favorite bad guy from history and ask
"What should the US and the West do regarding the countries that sendguns and money and do everythig the can to support that bad guy and harm US policy?
No, it’s not. We’ve discussed this many times.
Millionaires make as much money as they can regardless of their income taxes.
Corporations make as much money as they can regardless of their income taxes.
Why wouldn’t they?
When the gov;t taxes a coprotation it east some of the cost, and passes on osme of the cost.
Always ahs, always will.
It doe not matter if we SAY “This is a tax on revenues, or a tax on profits or a tax in imports or a $1m/year flat tax.” All of them are a cost of doing business affecting the supply curve.
Again, a corp charges the most it can for it’s products and services all the time…high taxes, low taxes…doesn’t matter. It makes as much money as it can. (Obviously not talking about taxes or tariffs on the product it buys and sells…of course they affect pricing.)
How about those tariffs. Economy grew at 3% last quarter.
But you lefties guaranteed everyone that tariffs would destroy the economy.
Do you lefties ever get tired of being so wrong all the time?
1 Like
High taxes low taxes do matter.
Look at the supply curve again:
If the cost of making a widget is
- $1parts and labor a plus $0 tariffs and $0 CEO taxes, they will charge PRICE 1
If the cost of making a widget is
- $1parts and labor a plus $1 tariffs and $1 CEO taxes, they will charge PRICE 2
There is no tax scenario under which a from will decide
“Well they -->called<-- this tax a such-and-such tax so we will just eat the cost of the new tax.”
That never happens. Never ever.
