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That's a stupid reason.
That's a stupid reason.The reason for the 10% baseline tariff that Trump has imposed on UK, Australia and others is to prevent countries with higher tariffs from selling their products to, say, Australia and then Australia turning around and selling the product to the US...as if they had produced it...with no tariff.
The reason for the 10% baseline tariff that Trump has imposed on UK, Australia and others is to prevent countries with higher tariffs from selling their products to, say, Australia and then Australia turning around and selling the product to the US...as if they had produced it...with no tariff.
Trump and his goons tanked the economy.More likely, it’s Trump’s desire to generate more federal tariff revenue allowing further reductions in the FIT revenue.
Trump and his goons tanked the economy.
The GQP owns this mess and WILL be held accountable at the ballot box.
At this point, I would say the have no future.Yep, Trump is gambling with the republicant congress critter’s future.
Thats a stretch. Who knows why people vote the way they do. Not in their best interests obviously.That “failed system”, of having continuous annual federal deficit (stimulus?) spending, has resulted in a re-election rate of over 90% for congress critters.
I havent made that judgement. That is your interpretation. But even in trump was trying to create a fairer system (he isnt) tthere would be better ways to go about it.If the current trade system is exploitative shouldn't it be ended and not defended?
Thats a stretch.
Who knows why people vote the way they do. Not in their best interests obviously.
It’s ok. Everyone knows why you are afraid to answer.Aaaannnd back to sealioning. Why am I not surprised in the least.
The shortcomings of your electoral system are not the problem of vietnamese factory workers trying to keep their kids fed.That’s reality.
Many congress critters (like mine) are in ‘safe’ seats.
Nah.More likely, it’s Trump’s desire to generate more federal tariff revenue allowing further reductions in the FIT revenue.
The shortcomings of your electoral system are not the problem of vietnamese factory workers trying to keep their kids fed.
Nah.
The big money is coming from countries like China.
That's not what happened back in 2018/2019 and it won't happen now.Tariffs are paid by US importers and eventually by their US customers.
I agree with that. However, given that Israel and the EU have already agreed to zero for zero tariffs, that's a big win right?Even if we are this is the wrong way to respond to it.
That's not what happened back in 2018/2019 and it won't happen now.
The tariff money comes from the American purchasers of the goods, not other countries. As for the "calculations" they're nonsense.Nah.
The big money is coming from countries like China.
Nah.
The big money is coming from countries like China.
I'll let someone else explain it to you. Maybe you'll gain a better understanding.
You might want to call Lutnick a liar. That's your choice.
That's not what happened back in 2018/2019 and it won't happen now.
Trump has no understanding of tariffs and his fams have even less.A nation puts a tariff on an item being produced and sold from another nation.
The producer from the nation that receives the tariff doesn't really pay the tariff, but may decide to increase the cost to the direct buyer and/or distributor, who actually pays the tariff as a cost of business.
The distributor will pay the increase of cost of the product that the producer is charging in addition to the tariff. The distributor will turn around to the retailer...and to maintain their profit margin...they will pass on the cost to the retailer.
The retailer (aka direct buyer) will buy either directly from the producer (and then pay the tariff) or the distributor, but in either case...in order for the retailer to maintain their profit margin...they will pass on the cost to the consumer. You.
Now, what I haven't mentioned yet, and haven't seen mentioned yet, is how the distributor and the retailer/direct buyer will not only charge for the cost of the tariff...but will almost certainly add a percentage to the cost to create a larger profit margin if they feel they can get away with it. Sometimes, the producer will also do that as a "cost of business".
I've been doing purchasing in retail for a couple decades now...while I simplified it, this is how it works. Lutnick and Trump and whoever else who hasn't gotten their hands dirty working in retail/purchasing/trade can say whatever they want: they don't know what they are doing. Ask someone in retail and/or distributions and look at the anger in their eyes, watch them laugh when you try tell them how tariffs work. Ask the sales reps from distributors how well sales are going. Have retail managers show you their revised formulas to calculate costs and pricing and compare it to what was happening before all of this.
And here's the kicker...whatever their politics may be, almost all of them won't agree with you because they are experiencing firsthand the pain. No amount of cheerleading for MAGA and Trump will affect that. Not by a long shot.
Australia has VAT (GST) of 10%. The UK has VAT of 20%. Many in the US don’t like those regressive (unfair?) consumption taxes, yet seem fine with other countries having them.
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