More jobs will be available when industry goes back to work. The value of the dollar will increase as the economy heals and strengthens. Fuel prices will go down bringing savings to every product. Crime will go down, from street thugs to the corrupt elites & politicians. Things like these will more than offset the higher price of imports.
I, personally would prefer to purchase more expensive goods made in the USA where workers made a good wage vs. cheap imports from 3rd world nations that use slave labor.
Tariff System - 1. Phased in so that industries aren't rendered unprofitable due to tariffs on foreign-sourced essential parts; 2. Purely foreign-made products like cars will be fully tariffed, encouraging US plant expansion and jobs; 3. Reducing taxes on transferring foreign cash into US banks fuels further growth; 4. The growth will aggressively pay down debt; 5. The growth will quickly adjust debt ratios so that the US is underleveraged.
All these talking points can be gleaned from the Joe Rogan interviews with Trump and Elon, if you want sauce.
They usually use a blanket amount that already has an established international rate schedule range. The US government has a harmonized tariff schedule to codify taxes. That said, it can be customized to encourage or discourage trade with certain countries. Trump set steel at 25% for most countries, yet several countries enjoy lower rates, whereas Russia was hit with a 200% rate.
That's on (typically) wholesale price as it comes in, so US companies who buy/import those units will have to pay it. Importers pressure their suppliers to lower costs, and/or importers raise the prices and pass on to consumers - hence the need for a methodical rollout. Kias and hyundais will go up in price, for example, but those are the predatory foreign manufacturers. Companies will have to grow their manufacturing capabilities in the US beyond their one or two plants if they want to keep selling into the US economy.
The tariff's will not be passed on to consumers. Just like China did not pass the cost on to the consumers. If they tried to pass the cost on they would lose massive market share. They would just make it easier for America manufactoring to come roaring back. Then those countries would be finished. They depend on the American consumer. We won't depend on them if our manufactoring comes back.
They've been brainwashed into believing tariffs = higher prices/taxes. Harris spent two month running ads calling Trump's tariffs a $3000 tax hike on middle class families.
It's going to suck in the short term as many companies will pass the costs along to consumers, but consumers will also reel in spending due to the increased costs so companies will have to start producing in the USA eventually, which makes money stop leaving the country.
More jobs will be available when industry goes back to work. The value of the dollar will increase as the economy heals and strengthens. Fuel prices will go down bringing savings to every product. Crime will go down, from street thugs to the corrupt elites & politicians. Things like these will more than offset the higher price of imports.
I, personally would prefer to purchase more expensive goods made in the USA where workers made a good wage vs. cheap imports from 3rd world nations that use slave labor.
The Biden administration kept most of Trump's tariffs from his first time. Your friend didn't notice or care for 4+yrs. Why worry now?
Tariff System - 1. Phased in so that industries aren't rendered unprofitable due to tariffs on foreign-sourced essential parts; 2. Purely foreign-made products like cars will be fully tariffed, encouraging US plant expansion and jobs; 3. Reducing taxes on transferring foreign cash into US banks fuels further growth; 4. The growth will aggressively pay down debt; 5. The growth will quickly adjust debt ratios so that the US is underleveraged.
All these talking points can be gleaned from the Joe Rogan interviews with Trump and Elon, if you want sauce.
How are the amounts of tariffs determined? For example how are tariffs determined on imported steel?
They usually use a blanket amount that already has an established international rate schedule range. The US government has a harmonized tariff schedule to codify taxes. That said, it can be customized to encourage or discourage trade with certain countries. Trump set steel at 25% for most countries, yet several countries enjoy lower rates, whereas Russia was hit with a 200% rate.
So is the 25% tariff for steel based on a wholesale or retail rate?
That's on (typically) wholesale price as it comes in, so US companies who buy/import those units will have to pay it. Importers pressure their suppliers to lower costs, and/or importers raise the prices and pass on to consumers - hence the need for a methodical rollout. Kias and hyundais will go up in price, for example, but those are the predatory foreign manufacturers. Companies will have to grow their manufacturing capabilities in the US beyond their one or two plants if they want to keep selling into the US economy.
It will encourage more manufacturing jobs to locate back here in the US...jobs jobs jobs. Make American products great again.
The tariff's will not be passed on to consumers. Just like China did not pass the cost on to the consumers. If they tried to pass the cost on they would lose massive market share. They would just make it easier for America manufactoring to come roaring back. Then those countries would be finished. They depend on the American consumer. We won't depend on them if our manufactoring comes back.
The first point is that just because Trump is threatening everyone with tariffs it does not necessarily mean that he will be imposing tariffs!
Remember, Trump is a negotiator. We won't actually know what is going to happen until the deal is struck.
They've been brainwashed into believing tariffs = higher prices/taxes. Harris spent two month running ads calling Trump's tariffs a $3000 tax hike on middle class families.
All of this thread, plus fuck off, whiners. We wouldn't be in this position if we had operated with some backbone and principle.
Now, we take a little crunch to get it right.
Best part: all of our competitors take a bigger crunch while we pull ahead.
It's going to suck in the short term as many companies will pass the costs along to consumers, but consumers will also reel in spending due to the increased costs so companies will have to start producing in the USA eventually, which makes money stop leaving the country.
He's telegraphing..."clean your shit up, or we'll use your money and do it for you!" Consider this a 60 day notice!
Reciprocal,you do me,i do you,don't do me ,i don't do you ,nothing more,pretty simple concept,that should explain it to a box of rocks.
Thanks!