Moderation note: no, it is not okay to suggest that protesting the genocide of Palestinians is a terrorist effort on college campuses. I don't know why that needs to be said, but here we are. Why is Harvard being brought up in a discussion about iPhone tariffs? Who knows. Cut it out.
I bought two unbranded bicycle bells from Alibaba that cost me 50cents (for both), the tariffs added 75cents. That 150% tax n tariffs for a total of $1.25 This product is still astronomically cheaper than the rebranded bells at REI of the exact product for $32 each!! So now Trump's tariff is higher than the manufacturer's profits. What happens to this tariff, where does it go? And the tariff is not a deterrent since the product is still cheaper. The tariffs are a tax on Americans, not Chinese. Their price did not change for them, but it did for me and to those who buy in bulk and rebrand.
As long as you keep shopping from abroad, the government gets its tax via tariffs - I believe this was part of the plan. If you stop shopping from abroad then you must buy local or not at all if local is too expensive. I get the idea even if it is doomed to fail.
Except that everything you buy local is likely using materials sourced from outside of the country. The only thing that isn't going to be hit by tariffs are homemade candles with local wax and homemade wicks. Well, they'll need to make the jar for the candle too I suppose. And that candle will cost $80.
It's a brilliant plan if you're a cartoon character.
Sees headlines. Jumps straight to comments section. lol
Imagine you want the US to win this vast conspiracy by the rest of the world to eat America's lunch, that you want the US to out-compete and level the playing field, whatever that means. Imagine you start by threatening allies, then everyone, then finally companies inside the US. Now wake up because someone else is doing it right now!
This is the kind of position I would expect of Bernie out of Vermont; but, politicians as a general rule are hardly known for their economic literacy. If they were, the US government wouldn’t have racked up almost $37 trillion in debt, more than half of it, relatively recently. Even in the rare, recent isolated cases of a balanced budget in a particular year, no significant accrue debt reduction has occurred in my adult life. the willingness of the current administration to basically backhand the Goodwill of folks who legitimately; But, erroneously believes the campaign promise of debt reduction has been a fascinating spectacle to watch. Despite that, I am not without empathy for people who made that mistake. It’s very easy to forget that the two major parties in the US basically only agree on a few things: spending lavishly, devaluing the currency, and blaming someone other than themselves when the people have trouble making ends meet.
He's asking the shareholders to pay. There is no such thing as Apple paying. If you increase the cost of every iPhone by 25% that comes out of profits with comes out of the shareholder value. Money does not magically appear. It always comes from somewhere. How is this a difficult concept?
He's asking the shareholders to pay. There is no such thing as Apple paying. If you increase the cost of every iPhone by 25% that comes out of profits with comes out of the shareholder value. Money does not magically appear. It always comes from somewhere. How is this a difficult concept?
You are exactly correct, and it is only difficult for the economically illiterate. Unfortunately, that describes the vast majority of politicians in office, regardless of party.
He's asking the shareholders to pay. There is no such thing as Apple paying. If you increase the cost of every iPhone by 25% that comes out of profits with comes out of the shareholder value. Money does not magically appear. It always comes from somewhere. How is this a difficult concept?
We all know what will happen to the stock market, and of course it'll be all Biden's fault.
The president telling companies to eat the tariffs is like a mob boss telling his henchmen to hide the bodies.
Nothing to see here!
And it's interesting because, just like the wall Mexico was going to pay for, he kept claiming that the importing country pays the tariffs. Did nearly half the people voting not take a civics class in middle school, or is that they never went to middle school, or didn't care so long as their dreams of hurting people different from them came true?
I bought two unbranded bicycle bells from Alibaba that cost me 50cents (for both), the tariffs added 75cents. That 150% tax n tariffs for a total of $1.25 This product is still astronomically cheaper than the rebranded bells at REI of the exact product for $32 each!! So now Trump's tariff is higher than the manufacturer's profits. What happens to this tariff, where does it go? And the tariff is not a deterrent since the product is still cheaper. The tariffs are a tax on Americans, not Chinese. Their price did not change for them, but it did for me and to those who buy in bulk and rebrand.
As long as you keep shopping from abroad, the government gets its tax via tariffs - I believe this was part of the plan. If you stop shopping from abroad then you must buy local or not at all if local is too expensive. I get the idea even if it is doomed to fail.
Except that everything you buy local is likely using materials sourced from outside of the country. The only thing that isn't going to be hit by tariffs are homemade candles with local wax and homemade wicks. Well, they'll need to make the jar for the candle too I suppose. And that candle will cost $80.
It's a brilliant plan if you're a cartoon character.
I'm not even sure you could find a seller on Etsy that isn't using materials and/or tools that weren't made outside the US in some regard.
The president telling companies to eat the tariffs is like a mob boss telling his henchmen to hide the bodies.
Nothing to see here!
And it's interesting because, just like the wall Mexico was going to pay for, he kept claiming that the importing country pays the tariffs. Did nearly half the people voting not take a civics class in middle school, or is that they never went to middle school, or didn't care so long as their dreams of hurting people different from them came true?
Civics, Health, History, Geography, Personal Finance classes should be required (along with the big three) every year after the sixth grade until you graduate from high school with personal finance again required the first semester after high school at whatever college you go to. Life after the Covid pandemic demands it. (Makes for a 8 hour day).
The president telling companies to eat the tariffs is like a mob boss telling his henchmen to hide the bodies.
Nothing to see here!
And it's interesting because, just like the wall Mexico was going to pay for, he kept claiming that the importing country pays the tariffs. Did nearly half the people voting not take a civics class in middle school, or is that they never went to middle school, or didn't care so long as their dreams of hurting people different from them came true?
Civics, Health, History, Geography, Personal Finance classes should be required (along with the big three) every year after the sixth grade until you graduate from high school with personal finance again required the first semester after high school at whatever college you go to. Life after the Covid pandemic demands it. (Makes for a 8 hour day).
I'd add Critical Thinking and Logic to that mix, and we'd need to have a discussion about History as a subject, as we all know, history is written by the victors and isn't at all a reflection of the reality of what happened in the past. But, I take your point and agree with you about what we *should* be teaching kids. How to deal with the real world (how to learn and think, how to argue/debate/discuss, and how to engage with life) is what we never seem to do.
The president telling companies to eat the tariffs is like a mob boss telling his henchmen to hide the bodies.
Nothing to see here!
It’s not “like” a mob boss. He IS a mob boss. Convicted felon. He belongs in jail, meanwhile he’s just selling pardons to other criminals at $1M a pop. What an effin disgrace.
The president telling companies to eat the tariffs is like a mob boss telling his henchmen to hide the bodies.
Nothing to see here!
It’s not “like” a mob boss. He IS a mob boss. Convicted felon. He belongs in jail, meanwhile he’s just selling pardons to other criminals at $1M a pop. What an effin disgrace.
Absolutely true.
You want US citizenship, I'm going to sell you a Gold Card for $5M to get you on that road. No that plane is not going to get Qatar a single consideration in any negotiations. And it's not for me it's for the US government.
Yeah right.
Agent Orange telling companies to eat the tariffs is a mob boss' henchmen going to a merchant and telling them it would be a shame if something happened to your business — like a bigger illegal tariff.
The president telling companies to eat the tariffs is like a mob boss telling his henchmen to hide the bodies.
Nothing to see here!
And it's interesting because, just like the wall Mexico was going to pay for, he kept claiming that the importing country pays the tariffs. Did nearly half the people voting not take a civics class in middle school, or is that they never went to middle school, or didn't care so long as their dreams of hurting people different from them came true?
Civics, Health, History, Geography, Personal Finance classes should be required (along with the big three) every year after the sixth grade until you graduate from high school with personal finance again required the first semester after high school at whatever college you go to. Life after the Covid pandemic demands it. (Makes for a 8 hour day).
I'd add Critical Thinking and Logic to that mix, and we'd need to have a discussion about History as a subject, as we all know, history is written by the victors and isn't at all a reflection of the reality of what happened in the past. But, I take your point and agree with you about what we *should* be teaching kids. How to deal with the real world (how to learn and think, how to argue/debate/discuss, and how to engage with life) is what we never seem to do.
Critical thinking and logic? Now you’re just trying to indoctrinate children with your woke agenda and daily out-patient transgender surgery. /s
The president telling companies to eat the tariffs is like a mob boss telling his henchmen to hide the bodies.
Nothing to see here!
And it's interesting because, just like the wall Mexico was going to pay for, he kept claiming that the importing country pays the tariffs. Did nearly half the people voting not take a civics class in middle school, or is that they never went to middle school, or didn't care so long as their dreams of hurting people different from them came true?
Civics, Health, History, Geography, Personal Finance classes should be required (along with the big three) every year after the sixth grade until you graduate from high school with personal finance again required the first semester after high school at whatever college you go to. Life after the Covid pandemic demands it. (Makes for a 8 hour day).
I feel like a lot of people would love to understand finance better but don’t know where to start and find it daunting.
Maybe it’s a US thing, but I feel that people don't like to talk about money. I know many very smart people who are absolutely horrible at managing their finances and it all seems to stem from simply not being a part of their lives growing up. The parents dealt with the finances and the kids were simply expected to know it or figure it out after they became adults.
Comments
It's a brilliant plan if you're a cartoon character.
Imagine you want the US to win this vast conspiracy by the rest of the world to eat America's lunch, that you want the US to out-compete and level the playing field, whatever that means. Imagine you start by threatening allies, then everyone, then finally companies inside the US. Now wake up because someone else is doing it right now!
another win.
UPDATE: The Court of International Trade just nullified all of Trump's "Liberation Day" tariffs, "The challenged Tariff Orders will be vacated and their operation permanently enjoined.": https://storage.courtlistener.com/recap/gov.uscourts.cit.17080/gov.uscourts.cit.17080.55.0.pdf
Will be interesting to see how markets react tomorrow.
More sanity finally ensues.
I'm not even sure you could find a seller on Etsy that isn't using materials and/or tools that weren't made outside the US in some regard.
You want US citizenship, I'm going to sell you a Gold Card for $5M to get you on that road. No that plane is not going to get Qatar a single consideration in any negotiations. And it's not for me it's for the US government.
Yeah right.
Agent Orange telling companies to eat the tariffs is a mob boss' henchmen going to a merchant and telling them it would be a shame if something happened to your business — like a bigger illegal tariff.
Maybe it’s a US thing, but I feel that people don't like to talk about money. I know many very smart people who are absolutely horrible at managing their finances and it all seems to stem from simply not being a part of their lives growing up. The parents dealt with the finances and the kids were simply expected to know it or figure it out after they became adults.