How do taxes vs tariffs work?Johnny You » 24 Jan 2025, 3:59 am » wrote: ↑ Trump does not seem to understand how tariffs work. I admit that before Trump brought them up, I had less understanding.
He keeps saying foreign countries will have to pay them. He cannot make a foreign country do that.
Guess who pays the tariffs?
It is widely accepted by economists that the Smoot Hawley Tariff act prolonged the Great Depression in the 1930's. After it was enacted, everyone quickly realized the tariffs were having a negative impact on the recovery and everybody Smoot Hawley was voted out in the next election cycle.
It is difficult to understand how tariffs work. I was fearful we would lose our export. Well it turns out our Canadian partner was exporting more to the US than we were exporting to Canada. A realignment is in place and contractors are specifically requesting that equipment destined for delivery in the US is built in the US to avoid a 20% tariff on the labor gozinta.. So we will get more work to build for the 400 million customers in the US. There is some danger we will miss out on opportunity to market to the other 7.7 Billion customers on the planet. 90% of everything in our skids is foreign sourced, 20% or more on all of it could price us out of the global arena.
https://en.wikipedia.org/wiki/Smoot%E2% ... Tariff_Act
You're an idiot.JohnnyYou » Today, 3:59 am » wrote: ↑ Trump does not seem to understand how tariffs work. I admit that before Trump brought them up, I had less understanding.
He keeps saying foreign countries will have to pay them. He cannot make a foreign country do that.
Guess who pays the tariffs?
It is widely accepted by economists that the Smoot Hawley Tariff act prolonged the Great Depression in the 1930's. After it was enacted, everyone quickly realized the tariffs were having a negative impact on the recovery and everybody Smoot Hawley was voted out in the next election cycle.
It is difficult to understand how tariffs work. I was fearful we would lose our export. Well it turns out our Canadian partner was exporting more to the US than we were exporting to Canada. A realignment is in place and contractors are specifically requesting that equipment destined for delivery in the US is built in the US to avoid a 20% tariff on the labor gozinta.. So we will get more work to build for the 400 million customers in the US. There is some danger we will miss out on opportunity to market to the other 7.7 Billion customers on the planet. 90% of everything in our skids is foreign sourced, 20% or more on all of it could price us out of the global arena.
https://en.wikipedia.org/wiki/Smoot%E2% ... Tariff_Act
There are idiots cramping from scribbling rationalizations...History may be replete with failed autarkies, but like Supply Side Idiocy "tamarrah is another daj "JohnnyYou » 24 Jan 2025, 3:59 am » wrote: ↑ Trump does not seem to understand how tariffs work. I admit that before Trump brought them up, I had less understanding.
He keeps saying foreign countries will have to pay them. He cannot make a foreign country do that.
Guess who pays the tariffs?
It is widely accepted by economists that the Smoot Hawley Tariff act prolonged the Great Depression in the 1930's. After it was enacted, everyone quickly realized the tariffs were having a negative impact on the recovery and everybody Smoot Hawley was voted out in the next election cycle.
It is difficult to understand how tariffs work. I was fearful we would lose our export. Well it turns out our Canadian partner was exporting more to the US than we were exporting to Canada. A realignment is in place and contractors are specifically requesting that equipment destined for delivery in the US is built in the US to avoid a 20% tariff on the labor gozinta.. So we will get more work to build for the 400 million customers in the US. There is some danger we will miss out on opportunity to market to the other 7.7 Billion customers on the planet. 90% of everything in our skids is foreign sourced, 20% or more on all of it could price us out of the global arena.
https://en.wikipedia.org/wiki/Smoot%E2% ... Tariff_Act
PhiloBeddo » 24 Jan 2025, 11:08 am » wrote: ↑ I'll take Trumps judgement over you stupid **** everyday. Tariffs are a negotiating tool.
The serial bankrupt rapist felon deemed a "moron" by numerous appointees?I'll take Trumps judgement
JohnnyYou » 24 Jan 2025, 3:59 am » wrote: ↑ Trump does not seem to understand how tariffs work. I admit that before Trump brought them up, I had less understanding.
He keeps saying foreign countries will have to pay them. He cannot make a foreign country do that.
Guess who pays the tariffs?
It is widely accepted by economists that the Smoot Hawley Tariff act prolonged the Great Depression in the 1930's. After it was enacted, everyone quickly realized the tariffs were having a negative impact on the recovery and everybody Smoot Hawley was voted out in the next election cycle.
It is difficult to understand how tariffs work. I was fearful we would lose our export. Well it turns out our Canadian partner was exporting more to the US than we were exporting to Canada. A realignment is in place and contractors are specifically requesting that equipment destined for delivery in the US is built in the US to avoid a 20% tariff on the labor gozinta.. So we will get more work to build for the 400 million customers in the US. There is some danger we will miss out on opportunity to market to the other 7.7 Billion customers on the planet. 90% of everything in our skids is foreign sourced, 20% or more on all of it could price us out of the global arena.
https://en.wikipedia.org/wiki/Smoot%E2% ... Tariff_Act
joe's a rapist? huh...Blackvegetable » 24 Jan 2025, 12:04 pm » wrote: ↑ The serial bankrupt rapist felon deemed a "moron" by numerous appointees?
nefarious101 » 24 Jan 2025, 12:14 pm » wrote: ↑ LOL...and you do?
Typical...a Pedo=prog trying to explain why he's the smartest pedo=prog in the world.
Please provide information on how you "think" you are more intelligent than people way beyond your intellect range.JohnnyYou » 25 Jan 2025, 4:24 am » wrote: ↑ Please provide any enlightenment you may have on how tariffs and trade wars will impact people. The enterprise I work for is global with 100K employees. Prior to merger we made equipment for several foreign countries. We even made wood fired ice machines for Eskimos.
My gut tells me that anyone outside of the US will seek to have equipment built outside of the US. 90% of what goes into our equipment is foreign sourced. Decades of bipartisan free trade agreements has moved almost all manufacturing of key components out of the US. Fixing it is going to leave a mark and the impacts of a compressed time cycle to steer correction could have adverse consequences.
What I don't get is compounding the tax/tariff with mass deportation of the people we need to build factories has the appearance of extreme challenges. That and abandoning a national education strategy that admittedly has made America extremely stupid with poor bipartisan choices has made America so effing stupid that all toothless red hats want to do is jerk of with sex dolls wearing VR headsets and bet on the Cryptopoacalypse.
We are so stupid we elected stupid. We are headed to a very bad place. Hopefully we can steer the boat back on a better course in 2026. We are headed for the rocks and the boat could get split in half and sink,
Each rotation of the planet is still the moment here every ancestor is changing form since shaped their original fertilized cell in series parallel proportions so far.Blackvegetable » 24 Jan 2025, 7:36 am » wrote: ↑ There are idiots cramping from scribbling rationalizations...History may be replete with failed autarkies, but like Supply Side Idiocy "tamarrah is another daj "
but you sure are a ****, Rog.
And your sentences never stop denying how evolving happens in plain sight.Johnny You » 25 Jan 2025, 4:31 am » wrote: ↑ I may be, but I can construct sentences with more than three words.
seems you're the ****, clinger...
So can I dick sucker.JohnnyYou » Today, 4:31 am » wrote: ↑ I may be, but I can construct sentences with more than three words.
To whom?