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Just cultist things.
You all are snowflakes but please explain this to me without triggering me
This is MY safe space and you can’t come in!
This is 39% of the voting population folks…
Big sad. :(
Trump has said that other countries are ripping off the USA which creates the impression that foreign companies are selling goods far higher than they are worth. That means that people who believe Trump likely think that the foreign companies have enough margin to soak up the tariff, I.e. Pay it themselves, in order to keep doing business. Then the ripping off stops and those foreign countries just grumble that their gravy train is over.
In reality, they are not and never were ripping off the USA in the way that is being suggested. Republicans seem to have forgotten that the market forces they used to talk about being so important have put a downward pressure on prices to some extent have prevented price gouging wherever there is competition and no collusion. Even when the goods come from overseas.
Now due to the tariffs, the cost of doing business with the USA went up. So if they want to keep selling products in the USA, they need to cover the cost of the tariff, and the only way to do that and stay in business is to pass the tariff on by increasing their price to the customer. They can still sell that product outside the USA at its original price but they may choose to increase those due to reduced volume sold over all since the USA will likely buy less.
By labelling the surcharge for the tariff they are simply highlighting the reason for the increase in price. As they should. I fear though that posts like this show that even when the reason for increased pricing is made clear, people will still choose their reality and not believe or understand the causes and motivations.
Billionaires rip off Americans that are ripping off the rest of the world.
The cost doesn’t increase to the foreign company. The cost increases to the importer here in the USA. The foreign companies don’t see that money (the IRS cannot audit China lol we have no jurisdiction over other sovereign nations), it’s paid by Americans TO America.
Also where the fuck is the tariff money going. Never a single mention of that.
A few pockets here and there.
Tax cuts for the 1%.
Governments are slightly weird, financially. For most people and businesses, money is analogous to water. For governments, with a fiat currency, they create and destroy it.
Money is “created” when the government “spends”. It then flows through the system. Eventually, it is “destroyed” when it is taxed. The goal isn’t to keep the amount of currency the same, but to control the “pressure” in the system. Too much pressure (money) causes inflation. Too little causes financial issues.
So in short, tariffs either go to the government coffers, or get destroyed, depending on how you look at the system.
It’s been 15 years and I’m still not sure if MMT is an accurate description of Economics, a persuasive analogy, or convincing bunkum.
Do your research.
Is it surprising that the people who thought Mexico would pay for a border wall also don’t understand how tariffs work?
You voted for it, you figure it out
Even the administration admits that it will make things more expensive. The “passthrough” of 0.25 in their equation means Americans will pay 25% of the tariff amount. And it’s in the denominator, so if it was 0, the (limit of the) tariff rate would go to infinity, which means no amount of tariff would be effective.
Terroriffs am I right
Terror Riff sounds like something you’d hear in a doom metal album.
See, the trick is that calling it a tariff hides the fact it’s an IMPORT TAX, paid by the people within the IMPORTING COUNTRY
It doesn’t hide it from most people, just those too dumb to go and find out what a tariff is before voting for them.
That’s the thing though. A lot of people do not bother researching and finding information themselves. That’s what makes rhetoric so powerful.
And it works. Just keep repeating the lie that people want to believe and they will believe it. The bigger the better. That’s what makes Trump so persuasive to morons. They want to believe these unbelievably ridiculous lies.
“A big lie (German: große Lüge) is a gross distortion or misrepresentation of the truth primarily used as a political propaganda technique.[1][2] The German expression was first used by Adolf Hitler in his book Mein Kampf (1925) to describe how people could be induced to believe so colossal a lie because they would not believe that someone “could have the impudence to distort the truth so infamously”. Hitler claimed that the technique had been used by Jews to blame Germany’s loss in World War I on German general Erich Ludendorff, who was a prominent nationalist political leader in the Weimar Republic.”
It’s funny how often the accusations Hitler leveled at others ended up sticking to him instead. After he had Ernst Roehm and other brownshirts arrested and murdered in 1934, he gave a speech in which he claimed that Roehm had been planning a “Night of the Long Knives” (a phrase in use since the middle ages) attack on Hitler and the other nazi leaders. The phrase famously ended up being used to describe Hitler’s actions.
It’s all projection man.
just those too dumb to go and find out what a tariff is before voting for them
Of which there are more than 70 million in this country.
Probably closer to 200 million. Americans are deeply stupid about this kind of thing, and I suspect most people on the left didn’t really understand either until they were told how Trump’s plan was insane.
Since it’s a tax, the party paying the tax has no impact on its tax incidence. It’s just the result of supply and demand elasticity.
What’s annoying and nobody seems to grasp is that even if the tax was on the foreign producer instead of the domestic consumer, the end result would be the same thing. They wouldn’t just eat the cost lol.
This becomes so obvious when the tariff is over 100%. The supplier is obviously not paying 125% of the sale price in taxes.
You don’t pay the import tax if you buy goods from within the country.
The goal seems to be to drive sales to American businesses with American goods. Until it’s cheaper to buy American goods than it is to buy Chinese goods. Reversing the roles.
That is the goal. But, he is also targeting countries that already put tariffs on things we ship to them. So, its also to try and put an end to that.
The reciprocal tarifs aren’t. He mostly calls trade deficits other countries changing us which it isnt and uses that to compute the rates.
Who knows what all is actually going on. So much of the news on every side is skewed.
EVERYONE except you knows what
Oh yes, everyone knows exactly what is going on.
I mean not really the white house released the math, you can verify each of the rates proposed and realize that yeah it’s not reciprocal tariffs, it’s literally making a tariff based on trade deficits and even where there are trade surpluses, i.e we sell more than we buy, he was still trying to put tariffs on those countries. It’s brain dead and does nothing but kill trade relationships and harm the economy. We do not have all the raw materials needed to produce everything in the US. Nor do we even have the capacity to manufacture everything in the US without the price of goods skyrocketing (not even talking about the time it would take to build up manufacturing facilities which just further deflates this whole ‘plan’) or the salaries of those workers falling so far below minimum wage the wealth gap would skyrocket past its already incomprehensible levels. There is one side using completely bad faith arguments and narratives with a group of people with so much cognitive dissonance that you could tell them trump said eating shit will make the economy better and they would eat it up in a heartbeat. Then you have another side just pointing out how completely brain dead these takes are but apparently there must be nuance and a global agenda to hide how eating shit makes the economy better. There is no “can’t see what’s going on” its just you willingly putting your head in the sand so you don’t have to realize how fucking stupid is to even have to argue about this.
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That’s the face value goal, if they were being honest and following classical economics. It’s entirely moot when tariffs are put on goods that can’t sufficiently be brought stateside.
For example, coffee and chocolate.
Yeah shifting production to the US is much more complicated than just making it more expensive to import things. Even when it’s on goods that can be produced here, I’m skeptical that any of these tariffs will result in increased production here.
all you need to do is look at events like brexit, the companies just abandoned the UK and moved to europe. i suspect that will happen with some of the companies.
I was taught that was the point of free trade. Not offshoring human misery and environmental destruction.
Yeah but you need to have some sort of industrial policy in place as well - to build infrastructure and subsidize onshoring. He’s doing the opposite. He even cancelled the CHIPS Act, which was aimed at onshoring semiconductor production. No company is going to open manufacturing facilities in the US under this enormous economic volatility and without any government help to get started.
He’s an abject fucking moron who, I’m convinced, is trying to reset wages and create a class of low paid wage slaves while funeling huge amounts of money to the wealthy. He’s certainly going to cause stagflation and astronomical wealth inequality. If he succeeds fucking with interest rates he may cause hyperinflation. If the US loses global reserve currency status, they are proper fucked.
At this point, it can only end one way. Even if he’s out of the picture, the damage he’s done will last for a generation at least. He may have already torpedoed US economic superpower status.
Of course you pay it - just not directly - because there is basically no good from “within the country” whose inputs are not affected by the tarrifs.
The idea that the US is suddenly gonna massively ramp up its production of coffee, electric machinery, shoes and other products that are produced by countries with a massive competetive advantage is just ridiculous.
Also don’t forget greed!
There are going to be so many business raising their prices across the board (“you know, because of tariffs, we have no choice”), like the greedflation you saw during the worst of the pandemic (“supply lines! Everyone’s hurting”).
Some of it is genuinely to offset the cost of tariffs (fair), others will be trying to keep steady income levels in a cooling consumer economy (less fair), and yet others will be just an excuse to extract more profit from consumers (these are the bad guys).
I’m impressed they are line iteming it for you.
When there tariffs change every time Trump goes into Twitter, i would expect them line itemized and with a timestamp.
I absolutely would. Make it clear that you aren’t just arbitrarily raising prices, that there is a cause, and exactly what that cause is so that people are pissed about it but at the right people.
I’m seeing more companies making it a “tariff surcharge” right before the tax line item.
It makes sense. It is clearly to show to dumbfucks who voted for this how their dumbfuck decisions cost them.
That profile picture looks EXACTLY like I picture those people… I hope this is a joke.
He looks completely normal. Don’t be an ass.
He meant they look happy. (this is a joke)
If an entire cult is too fucking stupid to recognize what’s hurting them, then how the fuck could tariffs be MAGA’s death knell like some people are saying? You could literally douse some of these people in gasoline and tell them, ‘I need you to burn for just a couple seconds for Trump,’ and they’d fucking do it.
I saw some asshole in an interview saying, “Sometimes you gotta walk through the fire first.”
Like…Yeah? Maybe. Just don’t start by lighting yourself the fuck on fire. 😕🔫
tariffs can and will be the death knell if he comes back to those original rates.
No real effects from tariffs have happened yet across the board so the impact isn’t truely felt. Even chinese imports don’t have the tariffs yet because it’s only goods that were on boats after it took effect.
We won’t see the downstream impact of even 10% tariffs for months. It won’t be until sales slump that people start getting fired and then sales will get even worse…
There have already been plenty of real effects from HitlerPig’s tariffs, just not the financial ones. This latest tariff scam, the third one in three months, has eroded the confidence, respect, and trust of the entire world, and it will be YEARS before it returns, if ever.
Yes, but it takes time for people here to realize the effects of that.
Less travel to the US? Well we’ll start seeing layoffs in holiday destinations… but probably not that hard, yet. As things continue to decline and prices increase it will get worse, and worse, and worse.
Most of this stuff takes time to ramp up is my point. We still haven’t seen the effects of deporting hundreds of thousands to millions of immigrants in legal status before being arbitrarily revoked, and that will absolutely cause some major issues in all kinds of places. They were paying tens of billions of dollars in taxes per year based on 2022 data and getting no benefits from it. Even the immigration process is not free, you pay for all the workers who touch your case with all the fees involved. I know, my wife is living that. We’re not talking about our lawyer either, literally the filing fees paid to the US.
People were all ‘Dave portnoy is talking about losing money!’’ Yeah well, if you look into it, he still 100% supports Trump.
I think I’ve finally seen Dave enough times before Portnoy to stop the “I’ve read he is a great drummer…I’m not a fan of prog rock at all…why is he being mentioned” repeat that was going on every time I read the name.
Not me, yet!
It took Nazis months in Stalingrad to realize Hitler didn’t give a fuck about them. Shit, a lot of them probably died out there in the snow and ice thinking they were doing a great job for him.
