ITGUYINSD
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Tim Cook meets with President Trump at the White House
Quite a coincidence that all the actions by Republicans that are bad are the fault of Democrats. I wonder if I'll still be alive the day Republicans actually take responsibility for their unfortunate choices?godofbiscuitssf said:
well, that took almost no time at all: Republican action, Democrats to blame for it.k2kw said:
That’s because democrats were stupid enough to vote for their bailouts.foregoneconclusion said:
Trump was serious about tariffs in his 1st term and all it resulted in was gigantic taxpayer funded bailouts for the farming industry. Talk about inefficiency and waste…blastdoor said:We are likely to soon find out if these tariffs are a shakedown for bribes or if Trump is really serious about them.I used to think they were mostly a shakedown but now I think he might be serious
https://www.forbes.com/sites/stuartanderson/2020/01/21/trump-tariff-aid-to-farmers-cost-more-than-us-nuclear-forces/
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Tim Cook meets with President Trump at the White House
So if it's paid by the country importing the products, it's really a tariff on the USA. All hail the King!
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Trump's tariffs could drive up iPhone prices by about 10%
"an iPhone or two a year"? You seem knowledgeable -- how much does the average family spend a year on product from China? Food, paper goods, clothes, electronics, tools, you-name-it, it probably comes from China. So why you just say an iPhone or two is the only thing affected by King Trump's tariffs (he calls himself a King) won't affect the average family?dominikhoffmann said:Tariffs are only one factor in the multi-variate input to producer pricing. Importers may adjust prices and their suppliers, too. Disbursements of ERS income to citizens via tax cuts will allow consumers to more easily absorb higher pricing. In other words a x% import tariff may not necessarily lead to a consumer price multiplier of (1 + x / 100). We will just have to wait and see how it plays out.
At this point the priority is strengthening the domestic manufacturing base. This is important to the U.S. workforce, as well as strategically. In the case of a conflict with China, what use will cheap aspirin be, if it has led to there not being any functional chemical plants in the U.S., anymore, that make other important medications?
Let’s not bitch about a 10% tariff, when the last four years brought us > 25% inflation on groceries, which make for a much larger proportion of a family’s budget than an iPhone or two a year. For the one there are very well-reasoned economic policy drivers, for the other there were several very boneheaded and potentially intentionally destructive ones.
