If this stuff gets manufactured in the US, it's going to be a lot more expensive. It'll be more expensive for Americans and who else is going to want these expensive products exported to them?
If this stuff gets manufactured in the US, it's going to be a lot more expensive. It'll be more expensive for Americans and who else is going to want these expensive products exported to them?
I came here to kinda ask the same question. From poking around, it seems like bringing back manufacturing of stuff to the US is not going to turn out the way Trump wants for the quoted reasons, add AI and automation plus the US being increasingly isolated from the global community, that this is not a winning formula.
My question is, considering some of these factors, why should we respond with our own tariffs? Why not just let them shoot themselves in the foot and tax themselves? We kinda know that in the long term, that things will not work out for them, so why tariff back and tax our own country. I'll admit it's kind of a basic question but is there something I'm missing?
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I came here to kinda ask the same question. From poking around, it seems like bringing back manufacturing of stuff to the US is not going to turn out the way Trump wants for the quoted reasons, add AI and automation plus the US being increasingly isolated from the global community, that this is not a winning formula.
My question is, considering some of these factors, why should we respond with our own tariffs? Why not just let them shoot themselves in the foot and tax themselves? We kinda know that in the long term, that things will not work out for them, so why tariff back and tax our own country. I'll admit it's kind of a basic question but is there something I'm missing?
Canadian tariffs will serve two purposes; discourage the purchase of American products, and garner funds to support businesses hurt by American tariffs.
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Industrial sectors like cars and microchips are no longer expected to be announced on that date, though major trading partners will still be hit with so-called reciprocal tariffs
Industrial sectors like cars and microchips are no longer expected to be announced on that date, though major trading partners will still be hit with so-called reciprocal tariffs
What in the name of Christ is he doing? Tariffs on, tariffs off, tariffs on, ...
He hasn't got the foggiest idea, does he? He is making himself look ridiculous, which, I suppose, he's been doing since long before the Apprentice.
Somebody or some group, and it will probably have to be from within the GOP, needs to put a stop to this once and for all. It's beyond ridiculous.
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What in the name of Christ is he doing? Tariffs on, tariffs off, tariffs on, ...
He hasn't got the foggiest idea, does he? He is making himself look ridiculous, which, I suppose, he's been doing since long before the Apprentice.
Somebody or some group, and it will probably have to be from within the GOP, needs to put a stop to this once and for all. It's beyond ridiculous.
Obviously somebody is benefiting from these windows in tariffs he is opening up.
“Oh, Elon needs some chips, we’ll relax tariffs for him on this day and then tighten things down again whenever his competitors need something”.
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Obviously somebody is benefiting from these windows in tariffs he is opening up.
“Oh, Elon needs some chips, we’ll relax tariffs for him on this day and then tighten things down again whenever his competitors need something”.
On that, I am a bit too lazy to type it all up myself so I got ChatGPT to do it for me. Always a risk because AI is wrong but the Tl;dr is Tariffs are often less about protecting industries and more about politicians cutting backroom deals, where big businesses with the right connections get exemptions while everyone else pays the price.
Quote:
NSFW!
The full output:
Governments often impose tariffs under the guise of protecting domestic industries, but research shows they frequently grant exemptions to select companies, fostering corruption and rent-seeking. This "you scratch my back, I scratch yours" system allows politically connected industries to secure special treatment, undermining fair competition and economic efficiency. Anne O. Krueger’s 1974 study on rent-seeking highlights how businesses lobby for government favors like tariffs and quotas, diverting resources from productive growth. Other research, like the *Public Choice* study on U.S. trade barriers, estimates that rent-seeking in certain industries can drive social costs up to 12.5% of domestic consumption.
Politicians may also use the threat of new regulations to extract political support, a concept known as rent extraction (McChesney, 1987). This creates an economic environment where lobbying and backdoor deals become essential for survival, distorting markets and benefiting a select few. Historical and recent examples—such as U.S. steel tariffs and industry-specific exemptions—demonstrate how this corrupt cycle plays out in real-world trade policies.
__________________ I'm afraid of children identifying as cats and dogs. - Tuco
What in the name of Christ is he doing? Tariffs on, tariffs off, tariffs on, ... He hasn't got the foggiest idea, does he? He is making himself look ridiculous, which, I suppose, he's been doing since long before the Apprentice.
Somebody or some group, and it will probably have to be from within the GOP, needs to put a stop to this once and for all. It's beyond ridiculous.
Correct.
And he's surrounded himself with a bunch of people that are more interesting in kissing the ring than giving him proper advice.
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I’ll bet he backs off again by next week after the big U.S. auto makers throw a fit, which they will. Either that or he’ll roll it back to something like 10 or 15%.
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It's weird, I listened to the press conference, and swear Trump stated that the tariff would apply to the whole value of the vehicle.
Quote:
new: Details of the trump auto tariffs:
* it applies to light vehicles and some auto parts as well, including imported engines, transmissions, powertrain parts, and electrical components, per an administration statement
* the tariff on autos shipped usmca will apply only to the value of non-us content
* the tariff will not be immediately applied to parts shipped under usmca but eventually will, under the same idea: Only tariffing the value of the non-us components of the parts
The Dow will take an absolute dump tomorrow, it's costing me a fortune but I will cheer it down to 20,000 if need be (wasn't planning on quitting till I'm 70 anyway)
