In a World where there are products still made in America, one can avoid tariffs. That’s one of the main goals of tariffs. To increase manufacturing state side and bringing more family wage jobs here.
I am certain that if Biden had instituted 15% tariffs/tax/fee/levy (call it whatever) everyone here would have the completely opposite opinion just as my cartoon shows. If somebody wants to present evidence that a 15% tariff will not increase U.S. inflation then let's see it.
Biden kept all the Chinese tariffs that had been in place for several years. He was getting slammed for inflation that only surfaced when he took over. Under your logic, he could have released the tariffs and brought prices down.
Just until AOG goes down the rabbit hole of Friedman’s free market floating currency solution to counter cheap labor and govt subsidization from overseas imports.
"Complexity of Pass-Through: The extent to which tariffs are passed on to consumers is a complex economic issue influenced by factors such as market competition, product demand elasticity, and the ability of businesses to absorb costs or find alternative sourcing."
We've explained this several times. Lmk if you'd like me to again.
“I’m fine with more taxes because I work at a tattoo and piercing shop, making 60k a year. I rent an apartment and ride my bike to work so the gas and property taxes for my cherished bike lanes and homeless services don’t affect me AT ALL.
But tariffs on the Chinese crap I buy for cheap off Amazon? You fucking monsters.”
I'm only saying that a 15% Trump tariff (tax/levy/fee/etc) is going to increase inflation. Nobody has cited any legitimate studies to refute that. If you did I'd take a look. Otherwise it's just you being typical trumptards believing nonsense just because Mr Trump says it. Yes, prices will go up and you will pay as a direct result of his "deals."
Morons like Schumer and Schiff as well as MSNBC and CNN screaming about tariff inflation have allowed online businesses totally unaffected by any tariffs to add a line item to their service/product checkout page that includes another 2.00 or whatever for adjusted tariff fees. Why? Because people shopping online will just pay the extra 2.00 the vast majority of the time because we are now a society of convenience as opposed to quality.
This was before any tariff adjustments had gone into effect, mind you.
"The Impact of the 2018 Tariffs on Prices and Welfare" (Mary Amiti, Stephen Redding & David Weinstein, Journal of Economic Perspectives, 2019)
This study finds that U.S. importers in 2018 passed through nearly the full cost of Chinese tariffs onto U.S. consumer prices, leading to substantial price increases for intermediate and final goods. The research underscores how tariffs directly feed into domestic inflation.
Comments
In a World where there are products still made in America, one can avoid tariffs. That’s one of the main goals of tariffs. To increase manufacturing state side and bringing more family wage jobs here.
I know you hate that.
Trust the experts
None of which have ever had to sign a payroll check.
I am certain that if Biden had instituted 15% tariffs/tax/fee/levy (call it whatever) everyone here would have the completely opposite opinion just as my cartoon shows. If somebody wants to present evidence that a 15% tariff will not increase U.S. inflation then let's see it.
Biden kept all the Chinese tariffs that had been in place for several years. He was getting slammed for inflation that only surfaced when he took over. Under your logic, he could have released the tariffs and brought prices down.
@PurpleThrobber Or an inventory check.
AOG makes bucky look like Milton Friedman
Just until AOG goes down the rabbit hole of Friedman’s free market floating currency solution to counter cheap labor and govt subsidization from overseas imports.
Since you like Ai so much
"Complexity of Pass-Through: The extent to which tariffs are passed on to consumers is a complex economic issue influenced by factors such as market competition, product demand elasticity, and the ability of businesses to absorb costs or find alternative sourcing."
We've explained this several times. Lmk if you'd like me to again.
Here’s the liberal mindset:
“I’m fine with more taxes because I work at a tattoo and piercing shop, making 60k a year. I rent an apartment and ride my bike to work so the gas and property taxes for my cherished bike lanes and homeless services don’t affect me AT ALL.
But tariffs on the Chinese crap I buy for cheap off Amazon? You fucking monsters.”
the end.
Lots of straw men arguments in this thread.
I'm only saying that a 15% Trump tariff (tax/levy/fee/etc) is going to increase inflation. Nobody has cited any legitimate studies to refute that. If you did I'd take a look. Otherwise it's just you being typical trumptards believing nonsense just because Mr Trump says it. Yes, prices will go up and you will pay as a direct result of his "deals."
My study is the Chinese tariffs from 2018 or whatever it was that didn’t cause inflation.
AOG still gobbling foreign dong…
Morons like Schumer and Schiff as well as MSNBC and CNN screaming about tariff inflation have allowed online businesses totally unaffected by any tariffs to add a line item to their service/product checkout page that includes another 2.00 or whatever for adjusted tariff fees. Why? Because people shopping online will just pay the extra 2.00 the vast majority of the time because we are now a society of convenience as opposed to quality.
This was before any tariff adjustments had gone into effect, mind you.
Dems were mad at grocery stores for price gouging in 2021-2024 and are now mad at them for not price gouging.
Unencumbered by facts AOG insists on being retarded
I want a study by a PhD showing any point argued to the effect that tariffs of 15% don't drive up inflation or fuck off!!!!
Studies by persons not holding PhD or some lunatic fringe podcast won't cut it. I want the numbers on my desk by end of day!!!
turn your list in first.
I prefer actual data and history versus studies that refute everything that was taught in the first week of Econ 101.
"The Impact of the 2018 Tariffs on Prices and Welfare" (Mary Amiti, Stephen Redding & David Weinstein, Journal of Economic Perspectives, 2019)
This study finds that U.S. importers in 2018 passed through nearly the full cost of Chinese tariffs onto U.S. consumer prices, leading to substantial price increases for intermediate and final goods. The research underscores how tariffs directly feed into domestic inflation.