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You can't take anything he says seriously or literally. It's not fair. Everyone knows he exaggerates all the time but never lies. Exaggerations aren't lies. If the war ends 17 years from now that's the same thing as Day One, it's just an exaggeration.
Meanwhile, let's not give the tariffs ANY time to see how it works.
That's hard to do when the press is constantly augmenting quotes from the left and failing to report on potential benefits. Articles that take a more reasoned approach to tariffs are hard if not impossible to find ..... and no, that's not because there aren't any benefits or if there are benefits they might mention these in a backhanded way (affirmation followed by subtle criticism).
Fundamentally, if claims are correct regarding trade imbalances with trading partners, there is a benefit to correct that and tariffs are a means to that end. The trade balance is identical to the difference between a country's output and its domestic demand - the difference between what goods a country produces and how many goods it buys from abroad. If, through tariffs, goods bought from abroad become more expensive than goods a country produces the thinking is domestic production will be stimulated in multiple ways. TBC, not all economists agree with the simplicity of that explanation. That's because there are many factors involved in the price of products both bought from abroad and those produced in the US.
But the point remains: let's see how all of this plays out over the next quarter. There are arguably both risks and benefits to Trump's tariff plans. Trump may also obtain concessions, either related to or separate from trade with targeted countries, for the US granting tariff exceptions/relief.
Mission to CFB's National Championship accomplished. But the shine on the NC Trophy is embarrassingly wearing off. It's M B-Ball ..... or hockey or volley ball or name your college sport favorite time ...... until next year.
This Reuters article outlines the trade barriers erected (from a list compiled by USTR) by foreign nations. The net effect of which is to make products imported from the US to specific countries uncompetitive with like products produced produced in those countries. I'm pretty sure the Trump administration's release of this data is intended to quell the criticism of his trade policy.
Mission to CFB's National Championship accomplished. But the shine on the NC Trophy is embarrassingly wearing off. It's M B-Ball ..... or hockey or volley ball or name your college sport favorite time ...... until next year.
That's hard to do when the press is constantly augmenting quotes from the left and failing to report on potential benefits. Articles that take a more reasoned approach to tariffs are hard if not impossible to find ..... and no, that's not because there aren't any benefits or if there are benefits they might mention these in a backhanded way (affirmation followed by subtle criticism).
Fundamentally, if claims are correct regarding trade imbalances with trading partners, there is a benefit to correct that and tariffs are a means to that end. The trade balance is identical to the difference between a country's output and its domestic demand - the difference between what goods a country produces and how many goods it buys from abroad. If, through tariffs, goods bought from abroad become more expensive than goods a country produces the thinking is domestic production will be stimulated in multiple ways. TBC, not all economists agree with the simplicity of that explanation. That's because there are many factors involved in the price of products both bought from abroad and those produced in the US.
But the point remains: let's see how all of this plays out over the next quarter. There are arguably both risks and benefits to Trump's tariff plans. Trump may also obtain concessions, either related to or separate from trade with targeted countries, for the US granting tariff exceptions/relief.
I cannot stress this enough, the strongest criticism of Trump's tariffs come from the REAGAN RIGHT. The idea that this is just leftists refusing to acknowledge the many so-called benefits to tariffs is complete nonsense.
The OVERWHELMING consensus of economists is that tariffs raise prices on consumers. You can find a handful of cranks playing contrarian to ANY position. But far and away most "experts" agree on this question.
One of the most frequent "trade barriers" Trump and his sycophantic apologists whine about are the supposed Canadian dairy tariffs. "They tax us 200% It's SO unfair!"
The tariff of 200% only takes effect when US imports into Canada hit a certain quota and NOT ONCE since 2019 have we hit that level. We haven't even gotten close. So the current tariff rate on US dairy into Canada is actually 0%. And let me remind all of you that TRUMP HIMSELF is the one who negotiated and agreed to that deal.
DSL, I won't take exception to much of what you posted in the two posts above. However, a few points: My post said nothing about prices not rising - nobody disagrees that upward price pressures from tariffs are likely to raise prices. I acknowledged that there are economists that routinely dismiss the arguments for tariffs being put forward by people in the Trump administration.
Regardless of your explanation of the Canada "trade barriers" to the importation of US dairy products - details can be in the weeds wrt specific products or class of product. While it's complicated, there are still a number of these kinds of tariffs imposed by foreign countries on imported US products or products US manufacturers would like to find welcoming markets for them.
Did you even take a glance at the linked USTR Report in the Reuters article? Obviously not. You cherry picked to make your point which does not account for the lengthy list of hundreds of other barriers to US trade in that report.
Mission to CFB's National Championship accomplished. But the shine on the NC Trophy is embarrassingly wearing off. It's M B-Ball ..... or hockey or volley ball or name your college sport favorite time ...... until next year.
Of course I didn't read the 400 page USTR report or vet the list of trade barriers. I asked if you had glanced at it. I did. There's enough in the Table of Contents and the intro summary to give the report some weight. At least it does for me.
But, we see things about Trump's tariff plans through different lenses. I'm open to see how this plays out. You're not. You've become invested in it's failure and will keep harping on anything or any statements by others that share your views. You're not the least bit open to hearing anything else. It's impossible to carry on a reasonable discussion with people that have dug their heels in over the view that Trump's approach to tariffs is a losing one and courts economic disaster.
Mission to CFB's National Championship accomplished. But the shine on the NC Trophy is embarrassingly wearing off. It's M B-Ball ..... or hockey or volley ball or name your college sport favorite time ...... until next year.
Of course I didn't read the 400 page USTR report or vet the list of trade barriers. I asked if you had glanced at it. I did. There's enough in the Table of Contents and the intro summary to give the report some weight. At least it does for me.
But, we see things about Trump's tariff plans through different lenses. I'm open to see how this plays out. You're not. You've become invested in it's failure and will keep harping on anything or any statements by others that share your views. You're not the least bit open to hearing anything else. It's impossible to carry on a reasonable discussion with people that have dug their heels in over the view that Trump's approach to tariffs is a losing one and courts economic disaster.
Thanks for calling me out Jeff: despite only glancing at the table of contents you seem extremely knowledgeable about the subject. I’m sure anyone criticizing tariffs is a communist liar after our conversation. Ronald Reagan, Milton Friedman, and Thomas Sowell were all pompous buffoons for pushing free trade policy. Even though you are woefully incapable of explaining why Canadian lumber is a threat to our country, you’ve totally convinced me. Imports should be completely banned.
It’s a sad night for our loser Republican friends, CGVt and Froot. Despite pouring millions into the Wisconsin race and brilliant charismatic Elon Musk wearing a cheesehat, they are going to lose by close to double digits.
The Republican base of criminals, drug addicts, unemployable racists, and high school dropouts didn’t turn out. Once again. Republicans are too fat, drunk, or stupid to even know there was an election today. Sorry, Elon. Both you and Trump are delusional about how popular you really are. Don’t surround yourself with a menagerie of yes-men. Lesson for all you aspiring dictators out there.
Elon can moan about the death of Western civilization tomorrow all while acknowledging his 14th out of wedlock child.
To use Trump's words, Trump and Elon got totally schlonged in Wisconsin. He didn't buy enough votes, he'll have to spend even more in Virginia to get a result. Maybe 4 or 5 million dollar giveaways could help him. Not a good week to quit ketamine.
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