Money coming into this country from tax plans? From where, exactly?Zeets2 » 21 Sep 2024, 12:39 pm » wrote: ↑ What's so difficult about it for you?
Trump has said he'll take care of it with the huge influx of money that will be coming into this country with his tax plans because we have to have it and it's very important. But he's also saying that more people will be able to afford it themselves once they're saving so much in other areas of the economy, and so many people who can't afford it themselves today and NEED help with childcare costs WILL be able to afford it in a stronger economy. Right now, too many CAN'T afford it so they call for a government plan to provide it.
Are you seriously going to try to compare an answer of his to one of the many "word salad" responses given by Kameltoe that NEVER COME CLOSE to answering a direct question?
What liberal idiots like YOU want to hear is simply that he's willing to spend X number of hundreds of billions of dollars to pay for it, and that's NOT what socialists like you want or will get under his administration.
Live with it, loser!
What's so idiotic about requiring foreign trade partners to pay the same kind of tariffs that they charge us?maineman » 21 Sep 2024, 1:06 pm » wrote: ↑ Money coming into this country from tax plans? From where, exactly?
Are you talking about his idiotic tariff idea?
and let me try again:
https://www.usatoday.com/story/news/fac ... 929215002/
Zeets2 » 21 Sep 2024, 1:26 pm » wrote: ↑ What's so idiotic about requiring foreign trade partners to pay the same kind of tariffs that they charge us?
Restarting projects like the Keystone XL pipeline and finishing the construction of the border wall will add tens of thousands of good, high-paying jobs, in addition to opening up federal lands, offshore, and ANWR to drilling and fracking once again, which will both lower the cost of gas, enable us to be energy independent and a seller of energy once again, all while trucking costs are reduced to end the inflation spiral.
Of course, idiotic socialists like you won't believe it until it happens right before your eyes, and even then you'll stupidly try to give credit to Biden for it!
China's, or whoever buys goods from the US pays a tariff to the US.
You don't know what the **** you're talking about.Zeets2 » 22 Sep 2024, 7:59 am » wrote: ↑ China's, or whoever buys goods from the US pays a tariff to the US.
You're such a blind suck-up to the CNN spin that you can't use your own tiny brain to figure out what really happens economically, and you, who touts yourself as a student of economics, yet you don't know ****!maineman » 22 Sep 2024, 10:19 am » wrote: ↑ You don't know what the **** you're talking about.
Tariffs that Trump plans are ALWAYS paid by the importer of the goods to the US government. China doesn't pay ****. The importer - like GE, for example, who buys most of their appliances from China- would pay the US government a tariff on the refrigerator or the dishwasher and IMMEDIATELY pass that increased cost on to the consumer. GE sells a **** of appliances in the US to folks like you and me, and we will pay that tariff ourselves. One purpose of tariffs is to stimulate domestic production. Still, China produces so much of our home appliances that domestic producers cannot ramp up production to steal market share from China with increased supply. They will instead raise prices - just not as much as the tariff bump. The KitchenAid dishwasher that was $300 will now sell for $320, but that will seem like a better deal than the GE model that went from $290 to $345. Either way, the consumer is hosed.
https://www.cnn.com/2024/09/09/politics ... index.html
Zeets2 » 22 Sep 2024, 11:42 am » wrote: ↑ You're such a blind suck-up to the CNN spin that you can't use your own tiny brain to figure out what really happens economically, and you, who touts yourself as a student of economics, yet you don't know ****!
Sure, if all things remain the same, LG would raise the price on their appliances to cover the cost of that new tariff. But is LG the ONLY appliance manufacturer in the country? What about Frigidaire, Sharp, Samsung, Maytag, Haier, Whirlpool, and at least half a dozen more? Suppose several of them are either manufactured here in the US or in a country other than China that may not get hit with the same tariff because they trade fairly with us? Now, LG's price to the consumer (including the increased price to cover the tariff) comes in at $50 or more than a comparable model of refrigerator that DOES NOT have to pay the tariff, so what happens? Quite simply, the consumer either buys a similar model from another brand or CHOOSES FOR THEMSELVES to pay the higher cost for whatever reason.
And don't discount the likelihood that once LG sees that higher cost for production in China, they might very well open up or retool a US based manufacturing facility to make those appliances here instead, which would save on the tariff PLUS bring thousands of great jobs back into THIS country!
In those instances, China could either drop their costs and eat that new tariff themselves so as not to lose a major manufacturer to relocate back to the US, or accept that their sales to the US will now drop by 30% or more as they lose out to the competition.
THAT is how the Trump plan would work, you simpleton!
But you go right ahead swallowing the biased left-wing **** you're fed by the news network that's been in the tank for Kamaltoe and Biden for years, telling you nothing but half-truths because they know what gullible morons Democrats like you are!
And exactly how does that change what I stated?maineman » 22 Sep 2024, 5:18 pm » wrote: ↑ More appliances are made in China than any other country. Lots of companies have their appliances made there.
And again. CHINA doesn't pay a US tariff, the importing company does and it pays it to the US government and then passes the cost increase on to the consumer. EVERY. ****. TIME.
China is the only game in town. Do you think that GE will blithely pivot and start getting their dishwashers from Poland or Angola or Eritrea? maybe they'll import their refrigerators from Iceland instead... and they can get all of their microwaves from Micronesia!Zeets2 » 23 Sep 2024, 8:51 am » wrote: ↑ And exactly how does that change what I stated?
Regardless of whose pocket the tariff comes out of, IT RAISES THE COST OF GOODS COMING FROM CHINA, or whatever country an importer buys from. NO importer is locked into purchasing goods from China when they aren't charged an additional tariff if they buy from them. That importer has the option to find another source in a country that ISN'T charged the tariff, costing China a customer, or the importer can demand a price cut on the items they're purchasing if they want to keep them as a customer that would cover that increased cost.
Here, read it and educate yourself:
DO CHINESE SUPPLIERS BEAR THE COSTS OF U.S. TARIFFS?
Chinese suppliers do shoulder some of the cost of U.S. tariffs in indirect ways. Exporters sometimes, for instance, are forced to offer U.S. importers a discount to help defray the costs of higher U.S. duties. Chinese companies might also lose business if U.S. importers find another tariff-free source of the same goods outside China.
Once again, you expose how little you know about a subject despite your attempts to profess your phony expertise on the subject.maineman » 23 Sep 2024, 9:37 am » wrote: ↑ China is the only game in town. Do you think that GE will blithely pivot and start getting their dishwashers from Poland or Angola or Eritrea? maybe they'll import their refrigerators from Iceland instead... and they can get all of their microwaves from Micronesia!![]()
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The fact remains tariffs are ultimately paid by US consumers, and companies that sell appliances from some other country other than China will inevitably marginally raise their own prices to increase their profit margin further sticking it to the American buyer. China is not getting screwed and, if they are marginally impacted, it pales in comparision to the inflation of prices that we will shoulder ALONE.
from your post:
"Chinese suppliers do shoulder SOME of the cost of U.S. tariffs in INDIRECT ways. Exporters SOMETIMES, for instance, are forced to offer U.S. importers a discount to help defray the costs of higher U.S. duties. Chinese companies MIGHT also lose business IF U.S. importers find another tariff-free source of the same goods outside China."
LOADED WITH WEASEL WORDS!![]()
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Zeets2 » 23 Sep 2024, 10:18 am » wrote: ↑ Once again, you expose how little you know about a subject despite your attempts to profess your phony expertise on the subject.
Quite simply, China IS NOT the only game in town, you moron!
Are you unaware that LG has been manufacturing in India for over 20 years?
Or that Whirlpool, Haier, Siemen's, Carrier, and Panasonic all have appliance manufacturing in India as well?
Or that Samsung has manufacturing facilities in both So. Korea and India?
Or that Siemen's also has them in Germany?
Or that Mitsubishi and many others manufacture appliances in Japan?
Need I go on?
Now, are you so economically ignorant that you don't believe that EVERY business owner who finds that his source for imports now costs him significantly more, and will then seek out alternatives to avoid that new tariff? What business experience do YOU have to dismiss such an obvious reality out of hand?
Obviously, it's only myopic dopes like you who hate Trump that are most susceptible to the biased **** you're fed at CNN, and you would never bother to mistrust those intentional lies you're told if it fits with your idiotic agenda to help promote the lies and ignorance of Kamaltoe!
****!maineman » 23 Sep 2024, 10:29 am » wrote: ↑ I am aware of all that. I am also aware that, in the home appliance market, every other country beyond China is a bit-player in terms of the volume of production.
The fact remains that tariffs are ALWAYS effectively passed on to the consumer after they are paid by the importer and NEVER paid by the country of origin.
What's your degree in @Zeets2 ?
Isn't that exactly what I said, nitwit?Tariff Tracker: Tracking the Economic Impact of the Trump-Biden Tariffs
June 26, 2024 By: Erica York
- An October 2019 study by Alberto Cavallo and coauthors found tariffs on imports from China were almost fully passed through to US import prices but only partially to retail consumers, implying some businesses absorbed the higher tariffs, reducing retail margins, instead of passing them on to retail consumers.
So tell me now, genius.Trump’s Tariffs Have Had Strange And Mostly Favorable Effects.
Forbes by Milton Ezrati May 8, 2024
In order to avoid the tariffs, Chinese industry has shifted emphasis from domestic operations to facilities in other Asian venues and in Latin America. Especially Mexico, Columbia, Vietnam, Indonesia, and the Philippines have gained. This trend has denied the Chinese economy the capital investment, productive facilities, and the employment growth it might have enjoyed were it not for the tariffs. The shift has occurred gradually over the six years since the Trump’s move and has grown to something significant. Mexico holds two great lures to these migrating Chinese operations. It has business-friendly policies and is close the huge U.S. market. And recent figures capture the results. In just the first two months of this year, for instance, capital investment in Mexico has proceeded at three times the pace of 2020. Not all of it is Chinese money, but much is. This is not all. According to the Mexican Association of Industrial Parks, foreign manufacturing, much of Chinese ownership, has booked all sights around Monterey, close to the U.S. border, out to 2027. Mexican exports have risen some 6 percent over the past year, and in 2023, Mexico, for the first time, surpassed China to become the largest trading partner of the United States.
Maybe cars from Mexico that are made by Mexicans who stole Detroit jobs... but appliances still are made predominantly in China... and the consumer pays the tab for tariffs on them. You may force China to rework its assembly process to include other nations, but the inevitable cost increases on products in a tariff scenario are ALWAYS borne by the consumer and the importing business, not the exporter upon whom the tariffs are levied. The GOP used to stand for free trade. WTF happened? Oh, never mind. I know the answer, they turned in their spines when they were kidnapped by the clown.Zeets2 » 23 Sep 2024, 12:13 pm » wrote: ↑ ****!
You've got a one-dimensional mindset of how Trump's tariffs have affected our international trade.
If a country like China is hit with new tariffs as they were under Trump, importers have switched suppliers and are now importing the same finished products from Mexico instead of China, and China has been relegated to merely selling some parts for those products they previously assembled themselves when they were able to ship finished products to the US.
Isn't that exactly what I said, nitwit?
So tell me now, genius.
You still don't think that Trump's tariffs have cost China anything despite the fact that they have now been surpassed by Mexico who has become our largest trading partner?
Yeah, China is STILL making money now, thanks in part to the way Biden sucks their dick, but the fact is that in 2017 (Trump's first year in office) our trade deficit with China stood at $505 million dollars, and in 2020, Trump's last year in office, that trade deficit with China was reduced to $432 million (not a small accomplishment), while the tax revenue from those tariffs reached $370 BILLION last year!.maineman » 23 Sep 2024, 12:53 pm » wrote: ↑ Maybe cars from Mexico that are made by Mexicans who stole Detroit jobs... but appliances still are made predominantly in China... and the consumer pays the tab for tariffs on them. You may force China to rework its assembly process to include other nations, but the inevitable cost increases on products in a tariff scenario are ALWAYS borne by the consumer and the importing business, not the exporter upon whom the tariffs are levied. The GOP used to stand for free trade. WTF happened? Oh, never mind. I know the answer, they turned in their spines when they were kidnapped by the clown.![]()
From your post: "According to the Mexican Association of Industrial Parks, foreign manufacturing, much of Chinese ownership, has booked all sights [sic] around Monterey, close to the U.S. border, out to 2027."
They're making money no matter where their facilities are.
So Biden fellating the Chinese somehow got them to buy manufacturing facilities in Mexico? Can you explain that?Zeets2 » 23 Sep 2024, 1:44 pm » wrote: ↑ Yeah, China is STILL making money now, thanks in part to the way Biden sucks their dick, but the fact is that in 2017 (Trump's first year in office) our trade deficit with China stood at $505 million dollars, and in 2020, Trump's last year in office, that trade deficit with China was reduced to $432 million (not a small accomplishment), while the tax revenue from those tariffs reached $370 BILLION last year!.
Doesn't that tell you how much China LOST due to Trump's tariffs, genius?
And if they weren't so hugely successful, then why didn't Biden discontinue all of them just as he overturned virtually every one of Trump's other policies?
https://www.census.gov/foreign-trade/balance/c5700.html
You are a **** lying chink cocksucker like your daughtermaineman » 23 Sep 2024, 2:13 pm » wrote: ↑ So Biden fellating the Chinese somehow got them to buy manufacturing facilities in Mexico? Can you explain that?![]()
The fact remains: new tariffs on Chinese goods will ultimately be paid for by the American consumer and not China
and the fact also remains that the trade deficit with China in 2023 is lower than any of the Trump years and 2024 is on track to be $10B less than that.
Of course, that's the continued result of the Trump tariffs that Biden chose to leave in place!maineman » 23 Sep 2024, 2:13 pm » wrote: ↑ So Biden fellating the Chinese somehow got them to buy manufacturing facilities in Mexico? Can you explain that?![]()
The fact remains: new tariffs on Chinese goods will ultimately be paid for by the American consumer and not China
and the fact also remains that the trade deficit with China in 2023 is lower than any of the Trump years and 2024 is on track to be $10B less than that.
The pain to the consumer had already been realized. Biden did not INCREASE tariffs because he knew that increasing tariffs on China would only serve to drive up costs on the American consumer. We were already in the midst of a global recession caused by COVID-19 and exacerbated by the Russian invasion of Ukraine. He would not do something that stupid when we needed to do everything possible to bring DOWN costs that the global recession had driven up. Trump will, of course, punish China and reward his robber baron industrialist buddies here at home while sticking it to the average consumer. It is counter-intuitive when the trendline shows a diminishing trade deficit, to enflame the situation with more punitive tariffs that punish the consumer more than China.Zeets2 » 23 Sep 2024, 2:59 pm » wrote: ↑ Of course, that's the continued result of the Trump tariffs that Biden chose to leave in place!
And it's great to hear you admit how well they worked!
How is it that you find that so impossible to comprehend, fool?
Do you think maybe China had no other alternative but to fund the building of facilities in other countries since they couldn't compete when Trump's tariffs wrecked their sales? You think that was their first choice, idiot?
If China WASN'T losing billions because of the Trump tariffs, WHY WOULD THEY NEED TO DO THAT?
You claim to have been a student of economics, yet you're easily the dumbest cretin here on the subject!
That's how warped and ignorant your hatred for Trump has made you!
The university I attended is none of your business, dickhead.maineman » 23 Sep 2024, 3:34 pm » wrote: ↑ The pain to the consumer had already been realized. Biden did not INCREASE tariffs because he knew that increasing tariffs on China would only serve to drive up costs on the American consumer. We were already in the midst of a global recession caused by COVID-19 and exacerbated by the Russian invasion of Ukraine. He would not do something that stupid when we needed to do everything possible to bring DOWN costs that the global recession had driven up. Trump will, of course, punish China and reward his robber baron industrialist buddies here at home while sticking it to the average consumer. It is counter-intuitive when the trendline shows a diminishing trade deficit, to enflame the situation with more punitive tariffs that punish the consumer more than China.
And you ask why China builds manufacturing facilities in Mexico rather than in China? I'm just guessing that maybe it was for the same reason that Ford, GM , Audi, Hyundai, Kia, BMW, Toyota, Honda, Nissan, and Volkswagen did.
Tell me again, which matchbook cover "college" you got YOUR "economic" training? Trump U?
Trust me, you're the last person on here, with the exception of maybe @FJB , to be calling ANYONE a dumb cretin.