Trump Tariffs

tariffs might work if we weren't 36 trillion in debt....
https://usdebtclock.org/

cutting income tax would be great, but you cant.. we cant even pay the interest on the debt.

a lot of hypocrites in this thread already
On Jan. 20, 2021, the day of Biden’s inauguration, it was $27,751,896,236,414.77
"Claiming to be reducing the deficit while enacting policies that have added nearly $10 trillion in new spending is an insult to the intelligence of the American people."

 

I understand what you are saying. But just because it’s foreign produced doesn’t mean it will be costing more because of tariffs.

take for example a widget produced in the USA costs $10 to produce and $20 retail. That same widget costs $5 to produce in a foreign land and $18 at retail.

In order for that foreign land produced widget to now compete with American products it can only raise its cost to $20 far less than 25%, and eating up the rest of the tariff. Or not raise its price at all because it has a bigger spread to absorb the costs.

As a consumer I look at widget with $20 cost and two producers, I’m definitely taking the American Brand.

now this is an example and yes there are qualifiers but our debt is linked to our GDP that means we have to increase production to sustain the dollar.

we need to go back to a producing country and not a consuming country.

 

I always thought of this even went looking at it a few years ago when it touched the $30 Trillion mark ($30,000,000,000,000) whow, thats a lot of zeros lol.

Everyone knows in todays world the Usa is the elite number #1 country when it comes to economics regarding a GDP level. Everything is traded in American funds therefore by the U.s.calling the shots, technically and eventually its possibly can be wiped out espeically now with the tariffs but on a slow drip percentage of 1% to 3%. It will still take decades to eliminate it altogether because a deficit has occur while it runs. However, balancing things out without causing more inflation or hyperinflation becomes a financial balancing act. When looking at all the angles of the financial balancing act it becomes chaos. Tbh I truly believe the future will become a 'guarantee wage' similar to welfare for those under the $50k annual income range in order of wiping out a deficit for not just America but most Nations in the world.

 

It will never balance out. The slate will never be wiped clean. That's not how business is done here and let's face it...we don't live in a nation/country we live in a giant corporation. The New American way is to run up debt until it cannot be run up any higher then default and start all over. Thing is, the next company won't be the USSA running the board meetings. It'll be China.

 

Yes, true the exchange rate of purchasing cost is what saves the Americans. However, my main focus was the companies and manufacturers themselves who left America to produce at a lower financial cost when the U.s. dollar gains more for less in Canada and esppeicaly in Mexico more can be gained. Those companies forces to leave these countries and brought back to America might have ramifications from a hiring standpoint in the longrun from a hiring wage standpoint. Made in America means a higher marketing sales price & also a hire manufacturing cost.

 

Speaking of China, and other nations as well especially those who are implementing BRICS this article makes sense now as to why Presisent Trump never backed down to the Tariffs imposed on Mexico and Canada.

After Imposing Tariffs On Canada, Donald Trump Threatens 100% Levy On BRICS For Move Against Dollar: 'How Will US Manage Production From Slippers To Ships?,' Asks Expert - Grayscale Bitcoin Mini Trust (BTC) Common units of fractional undivided beneficial interest (ARCA:BTC) - Benzinga

World War 3 is a Economical War

 

there are almost no widgets produced in the USA though, tariffs won't work, what happens when these countries stop suppling?

we import - 90-95 % of consumer electronics, 70-80% of furniture, 95% of toys, 95% of clothing, 99% of shoes, 99% of bicycles, 70% of auto parts, 80-90% of sporting goods, 70-80% of pharmaceuticals, 70-80% of hand/power tools, 90% of luxury goods, 90% of batteries, 80% of office supplies, 65-75% of plastics, 80-90% of kitchenware, 80% of paper products, 85-90% of camping equipment, 70-80% of pet products, 60-70% of cosmetics, 85-90% of small automobiles, 60-70% of home improvement, 50-70% of building materials, 50-60% of home appliances, 70% of medical equipment, 100% of coffee, 85% of seafood, 50% of produce

we're all screwed....
good luck in trucking hope you're in the oil and gas sector.

suggest trying to make it through this video if you want to understand

 

I think the tariffs are a tool to get said countries to comply. I think it's risky, but I recall the china tariffs last got china to play ball .
Also people seem to forget about the crash of 1928 and the subsequent depression that lasted til WW2. That was the worst

 

No, the mummy( the previous one) did far worse.

 

Its always darkest before the dawn, unfortunately the inverse is true.