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Liberty News ForumLNF Forums HerePolitical Opinion Page - The Hot Seat › Why Have Trumper's Been Quiet On Trump Tariffs?
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Very Hot Topic (More than 25 Replies) Why Have Trumper's Been Quiet On Trump Tariffs? (Read 830 times)
Archie
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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #30 - Mar 10th, 2018 at 7:26pm
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TowardLiberty wrote on Mar 10th, 2018 at 12:56am:
So because India fleeces its citizens you think we should be fleeced too? Why would we want to raise taxes on ourselves and send even more of our wealth to the government?

This idea that tariffs are some club to beat up your trade partners with is a fundamental misunderstanding.


How is a tariff raising a tax on you? Do you know what a tariff is?
Huh
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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #31 - Mar 10th, 2018 at 7:41pm
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Archie wrote on Mar 10th, 2018 at 7:26pm:
How is a tariff raising a tax on you? Do you know what a tariff is?
Huh
Smiley

If you do not know that a tariff is a tax YOU pay, then I would argue you do not understand what a tariff is.
  

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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #32 - Mar 10th, 2018 at 7:43pm
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Luther wrote on Mar 10th, 2018 at 4:51am:



Jared Bernstein, a senior fellow at the Center on Budget and Policy Priorities and former economic adviser to Vice President Joe Biden, dismissed any claims that President Trump is responsible:

CLAIM
The national debt saw a "surprising" decline of $102 billion between 20 January and 27 July 2017.

RATING
True
ORIGIN
On 30 July 2017, the conservative Truth Division web site reported that the United States’ national debt had fallen to a “surprising” extent in the seven months since the inauguration of President Donald Trump:
President Donald Trump and his administration are undoing the government’s rampant spending that occurred under former President Obama’s watch.
According the U.S. Treasury’s direct record, a surprising amount of money has been saved over the course of seven months. On January 20th, the day Trump was inaugurated, the total debt was $19,947,304,555,212.49. On July 30th, seven short months later, it’s at $19,844,938,940,351.37. Overall the debt has decreased by $102,365,614,861.12.
We have checked these numbers and set them in context, and found that the national debt did indeed fall by $102 billion between 20 January and the end of July 2017. This decline is also historically remarkable, in both absolute and percentage terms. This six-month fall in the national debt is also significant when measured against the size of the overall economy.
National debt — the basics
The national debt is, in brief, the total value of what the federal government owes, and is made up of accumulated annual deficits (when the government spends more than it receives in taxes and other income). It is made up of “public debt” and “intragovernmental holdings.” Public debt is, essentially, debt held by sources outside the central government. Intragovernmental holdings are debts between agencies within the federal government, in the form of government trust funds, such as Social Security trust funds.

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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #33 - Mar 10th, 2018 at 8:54pm
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Archie wrote on Mar 10th, 2018 at 12:25am:
I won’t even mention China and many other countries. But this is one of my favorites.

During his speech to a joint session of the US Congress, American president Donald Trump complained that the Harley-Davidson motorcycle company faces a 100% tariff in in at least one country. Fact check: True.
The tariff, applied by India on motorcycles with engines larger than 800cc, is a full 100%, according to the International Trade Centre. Other notable countries with high tariffs on large motorcycles are Thailand, China, and Malaysia.

And it is not just motorcycles that have to pay. So why can’t we do the same to them?
Just wondering. If a tariff makes a Chinese mobile phone cost the same as an American made mobile phone, which would you buy?


If Harley was smart, it would respond to the tariffs by producing bikes with displacement under 800cc. Just like the Japanese did in the 80's when the USA imposed a tariff on bikes over 700cc. They reduced the size of the motors on their popular 750cc motorcycles to 700cc.

Of course, that presupposes that Harley could get off its ass and start producing bikes with motors under 800cc that can get out of their own way.

Not a given.

  

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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #34 - Mar 10th, 2018 at 9:10pm
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TowardLiberty wrote on Mar 10th, 2018 at 7:41pm:
If you do not know that a tariff is a tax YOU pay, then I would argue you do not understand what a tariff is.



You do not pay the tax. The foreign country selling their stuff here pays the tax. Just like we do when we sell in their country. And I pointed out the worst example that I could for you morons. If Harley Davidson has to pay a 100% tariff to sell an 800 cc bike there, that means they have to double the price in that country to make a profit. And who in that country is going to buy a product for 60 grand when they can buy one made in their own country for 3 grand. Tariffs will make us more competitive in our own country. Maybe more will buy American and increase our own manufacturing.
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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #35 - Mar 10th, 2018 at 9:16pm
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Archie wrote on Mar 10th, 2018 at 9:10pm:
You do not pay the tax. The foreign country selling their stuff here pays the tax.


And guess what that means for consumers? Higher prices. So ultimately we do pay.
  

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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #36 - Mar 10th, 2018 at 9:20pm
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Archie wrote on Mar 10th, 2018 at 9:10pm:
If Harley Davidson has to pay a 100% tariff to sell an 800 cc bike there, that means they have to double the price in that country to make a profit. And who in that country is going to buy a product for 60 grand when they can buy one made in their own country for 3 grand. Tariffs will make us more competitive in our own country. Maybe more will buy American and increase our own manufacturing.
Smiley


So you admit that it will drive out competition? Guess what that creates? Market power. And market power leads to higher prices.

And make no mistake this will harm our export industries as there will be fewer dollars in foreign hands to buy our goods. And it will also harm firms with supply chains over seas. That means higher input costs.

Theory is clear on this. Its a bad idea.

And the history surrounding it is no better. The last time we went all in on tariffs we created the worst economic crisis in US history.
  

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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #37 - Mar 10th, 2018 at 9:22pm
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Ulysses wrote on Mar 10th, 2018 at 8:54pm:
If Harley was smart, it would respond to the tariffs by producing bikes with displacement under 800cc. Just like the Japanese did in the 80's when the USA imposed a tariff on bikes over 700cc. They reduced the size of the motors on their popular 750cc motorcycles to 700cc.

Of course, that presupposes that Harley could get off its ass and start producing bikes with motors under 800cc that can get out of their own way.

Not a given.




The larger more powerful engine is one of the selling attractions. Why are so many Jap bikes here with new bigger engines?

Let's set the record straight. Trump will impose countervailing tariffs not just on China, but on any American trade partner that cheats on its trade deals using practices such as currency manipulation and illegal export subsidies. Such tariffs are not protectionist but rather defensive — and consistent with actions taken by American presidents from George Washington to Ronald Reagan. Indeed, one of the first bills Washington signed was a tariff, which Alexander Hamilton justified as a necessary defense against a mercantilist Europe.
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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #38 - Mar 10th, 2018 at 9:25pm
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TowardLiberty wrote on Mar 10th, 2018 at 9:16pm:
And guess what that means for consumers? Higher prices. So ultimately we do pay.


So, buy American. More jobs. Or pay the same for that foreign junk.
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Re: Why Have Trumper's Been Quiet On Trump Tariffs?
Reply #39 - Mar 10th, 2018 at 9:37pm
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Archie wrote on Mar 10th, 2018 at 9:22pm:
The larger more powerful engine is one of the selling attractions. Why are so many Jap bikes here with new bigger engines?

Let's set the record straight. Trump will impose countervailing tariffs not just on China, but on any American trade partner that cheats on its trade deals using practices such as currency manipulation and illegal export subsidies. Such tariffs are not protectionist but rather defensive — and consistent with actions taken by American presidents from George Washington to Ronald Reagan. Indeed, one of the first bills Washington signed was a tariff, which Alexander Hamilton justified as a necessary defense against a mercantilist Europe.


Pay better attention. American tariffs on larger displacement motorcycles ended decades ago. Now I guess Harley has fumbled again and wants tariff protection.

American legislators Smooth & Hawley succeeded in getting broad tariffs on imported goods enacted in 1930. Economists generally agree that this action may have helped bring on the global Great Depression, and certainly made it worse than it otherwise might have been. The tariffs proved so disastrous that Smoot and Hawley both were defeated for re-election in 1932. Moreover, other nations retaliated with their own tariffs on American goods, and we still haven't fully recovered from that backlash.
  

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