Feel free to join me here.
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You doâŠpay up.
Or buy American.
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Yup. The country âchargedâ is the one placing the tariff. Who does Trump say is âcharged?â
Foreign import tariffs on US goods are âchargedâ to the foreign country. Not the US. None of us pay a cent on foreign tariffs on US goods.
The money raised by these tariffs will come from US citizens and companies. Itâs a sales tax.
Even if it were (and I have made a similar analogy)
Whatâs better taxes or deficits?
So what. Do you know I can get American made engineered hardwood thatâs better then European oak being shipped from Europe to Asia, Like Vietnam/Indonesia and then to states for less then box store sells it. Better quality and environmentally friendly.
But everyone believes because it was imported itâs cheaper when it actually isnât.
Fact are, more shipping you do more it costs. Cut out all the trading of goods less it costsâŠI mean we have all those corporations having their little fingers in that pie. Increasing corporate profits at expenses of Americans.
So Iâm sorry your stocks portfolio is taken a hitâŠbut too bad. Youâre going to survive.
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Certain trim levels. The Civic Type R is built in Japan while most other Civics are built either in the US or in Canada. Some are also built in the Honda plant in the UK but we donât get those over here. Theyâre Euro market only.
Iâm interested to see what this will do to the used car market.
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Tariffs will not touch the deficit. FY24 deficit was $1.83 trillion, so far FY25 itâs $1.15 trillion and counting. Tariff revenue in FY23 was $80.3 billion. I donât have revenue for FY24. Unless the assumption is that the new tariffs would result in a 20 fold increase in revenue they wonât come close to impacting the deficit.
Furthermore, the CBO says in a vacuum, 10% across the board tariffs and 50% on China would reduce the deficit by $2.29 trillionâŠover 10 years! And thatâs assuming tariffs have no impact on the economy. And thatâs also not including Trumpâs proposed tax cuts which would add $4.6 trillion to the deficit over the next 10 years. Trumpâs tax cuts would add to the deficit double what his tariffs would take away in a best case scenario.
Itâs not taxes or deficits. Itâs taxes and deficits.
What happens to that US flooring when domestic demand increases and foreign flooring decreases? Will the price stay the same? Will availability remain the same? Will lack of foreign flooring options due to price or availability help or hurt Americans that need flooring? Will decreased exports negatively impact American flooring companies?
Trump attempted to âhelpâ American farmers by implementing tariffs in his first term. This resulted a $23 billion bailout subsidy. Should we expect bailouts or will something be different than the first time?
Iâm not worried about myself. Iâm worried about those around me. I donât live in a vacuum. Being surrounded by unhappy, angry and sometimes desperate people is not a good thing.
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Well first of all we will NEVER tax out way out if the deficit mess.
Good times and bad spending is growing as % of GDP and quite rapidly. So rapidly in fact that govât spending will be 100% of GDP during the lives od todayâs diaper infants.
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My point in comparing them is that
In general taxes are better than deficits
and tariffs are not different from other taxes in this regard.
Moreover some taxes are better than others.
EX a tariff is a better tax than a tax on overtime
a FICA tax on waitress moms etc..
For the most part supposedly learned people have thrown all their learning (all their integrity??) out the window on this and said âYarrgh itâs Trump thing so I am suddenly anti-tax.â
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It is not even a teensy weensy bit unusual for hardwood flooring to sell for $9 sq ft by the container (over 20,000 sq ft) and over $90 per sq ft in Lowes. Professional installation adds what? I dunno $10 a sq ft plus more for prep??
Adding a 20% tariff to the $9 part is not something you should be scaring folks about.
Then those old abandoned steam mills will fire up there furnace, sharped those rusty old blades and start slicing up lumber putting rural folks back to work. All those entire hardwood logs being shipped around the world will stay here making American flooring beautiful again.
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i will be liberated from some ca$h today.
Allan
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Would you put money at risk re-opening a mill if the next president could reverse these actions with an EO?
By the time the get it re-opened, the plan could all be undone.
Also, weâre at full employment. Who is going to work there?
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And therein lies the real problem.
- Tariffs are bad? â Iâm not buying it.
- Trump is handling it badly? â Yeah, sure seems that way.
- Dems are selling-out America just to throw mud at Trump? â Absolutely, yes. 100%
Not all. But it depends on what your goals are.
These tariffs are terrible for our local wine shop specializing in European wines. Probably about 12 jobs at stake for our small town.
There tariffs are terrible for foregin car dealerships and their employees. and the consumers who want an affordable foreign car.
Can tariffs be good? Sure. If used correctly.
Yep.
How so?
Goal #1 Raise revenue
Goal #2 Raise revenue
Goal #3 Provide a level playing field
Goal #4 Raise revenue
Goal #4 Provide for national defense
Goal #5 Develop âinfant industryâ (specific definition)
Goal #6 Provide a soft landing for declining industries
Goal #7 Environmental protection
Goal #8 Health/safety, content assurance
Goal #9 Strategically aid allies
Goal #10 Negotiating tool
Any and all of these are perfectly valid reasons for a sound T>0 tariff policy.
Raising revenue via tariffs is a tax on the consumer.
If thatâs what you want, go for it.
I agree with your other goals. All valid reasons to use tariffs.
Tariffs are bad and only hurt the countries that impose them? Yet countries impose them anyway, and have been doing so for centuries. 
Something doesnât add up hereâŠ
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Then you have couple good years to push through lot of logs.
Are you saying next president is going to shut American industry down again?
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