Why Democrats so viciously oppose tariffs …
The only reason that I can think of is that they are somehow getting kickbacks from countries or businesses that make things in foreign countries.
80-89, M
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newjaninev2 · 56-60, F
Tariffs are a sales tax on ordinary americans. Prices on all imported goods will rise, so americans need to get ready for that. Local manufacturers tend to also increase their prices, while still keeping the prices below those of imported goods, simply because people become used to higher prices, so a few percent here and there passes unnoticed.
Replacing imported goods by now making those goods in america runs into the problems of the time - years and even decades - needed to 'fire up' that manufacturing, and americans' expectations of higher wages and better conditions than overseas workers who made the formerly imported goods - especially if all the migrant labour has been deported 😀
Democrats should be delighted that President Musk is crashing the US economy - the backlash from workers carrying these new burdens will bury the republicans. .
Replacing imported goods by now making those goods in america runs into the problems of the time - years and even decades - needed to 'fire up' that manufacturing, and americans' expectations of higher wages and better conditions than overseas workers who made the formerly imported goods - especially if all the migrant labour has been deported 😀
Democrats should be delighted that President Musk is crashing the US economy - the backlash from workers carrying these new burdens will bury the republicans. .
Heartlander · 80-89, M
@newjaninev2 it’s a tax imposed on the importer that gets collected by the government and hopefully gets used to level the playing field. The problem now is that it’s impossible for “US made” to compete with overseas made. Overseas workers being paid $2 an hour Vs US workers demanding $15+ an hour, and add to that the comparative corporate tax rates, the US with the worlds most expensive health care paid for by employers and it becomes impossible for “made in America” to compete, even in the USA. US companies that do survive do so in many cases by outsourcing their manufacturing to overseas, yet collecting their revenue from US consumers. And where do US consumers get the $$ to buy what’s made overseas? They borrow it, or they get it from the government that borrows it.
Trumps tariffs are simply to bring manufacturing and their jobs back to the US and restore a balance of trade. As it is now, the only thing we in the US manufactures and exports in abundance is food and military weaponry. And in many cases the US gives the money to foreign governments to buy the weaponry, so it doesn’t really count as an export.
Trumps tariffs are simply to bring manufacturing and their jobs back to the US and restore a balance of trade. As it is now, the only thing we in the US manufactures and exports in abundance is food and military weaponry. And in many cases the US gives the money to foreign governments to buy the weaponry, so it doesn’t really count as an export.
newjaninev2 · 56-60, F
@Heartlander
who immediately adds it on to the price charged to the consumer.
As I said, if (a big if) products currently imported are eventually manufactured in the US, it will take many years before that happens, and the cost of manufacture will skyrocket... a cost that will be passed on to american consumers.
Which state will become the new coffee-growing hub for america, I wonder? Who will plant, cultivate, and harvest that coffee? Even if someone does it for minimum wage, your morning cup of coffee could soon become a luxury indulgence 😀
a tax imposed on the importer
who immediately adds it on to the price charged to the consumer.
As I said, if (a big if) products currently imported are eventually manufactured in the US, it will take many years before that happens, and the cost of manufacture will skyrocket... a cost that will be passed on to american consumers.
Which state will become the new coffee-growing hub for america, I wonder? Who will plant, cultivate, and harvest that coffee? Even if someone does it for minimum wage, your morning cup of coffee could soon become a luxury indulgence 😀
Heartlander · 80-89, M
@newjaninev2 It's a tax on the value on entry, not a tax on the retail selling price. A 10% tariff on what was a radio with a $100 price tag won't suddenly have a new price of $110.
A $100 radio, in bulk, on the docks probably has a value of $30 to $40, so if the importer passes the tariff on to the consumer the price would be more like $103 or $104. But remember, that $3 or $4 gets paid to the US government who in turn will give it to the American people in one way or another, so that $100 radio will still cost the equivalent of $100. .
All taxes hopefully come back to the people in value. What the government collects in excise taxes for gas are used to maintain the roads; what taxes that get collected as tariffs can come back as cuts in income taxes, or excise taxes. Or maybe a president Donald Trump will just send us cash :)
A $100 radio, in bulk, on the docks probably has a value of $30 to $40, so if the importer passes the tariff on to the consumer the price would be more like $103 or $104. But remember, that $3 or $4 gets paid to the US government who in turn will give it to the American people in one way or another, so that $100 radio will still cost the equivalent of $100. .
All taxes hopefully come back to the people in value. What the government collects in excise taxes for gas are used to maintain the roads; what taxes that get collected as tariffs can come back as cuts in income taxes, or excise taxes. Or maybe a president Donald Trump will just send us cash :)
newjaninev2 · 56-60, F
@Heartlander Good luck with that 😀
Heartlander · 80-89, M
@newjaninev2
Hope springs eternal :)
I'd love to see the tariffed value of some imports. Like what's the value of a pair Nike tennis shoes when they hit the US loading docks? My guess would be 10% of what it eventually gets price tagged when put on the sales rack. Textiles from SE Asia probably 15%. It's kind of like there only being 4 cents worth of corn in a $5 box of corn flakes.
Hope springs eternal :)
I'd love to see the tariffed value of some imports. Like what's the value of a pair Nike tennis shoes when they hit the US loading docks? My guess would be 10% of what it eventually gets price tagged when put on the sales rack. Textiles from SE Asia probably 15%. It's kind of like there only being 4 cents worth of corn in a $5 box of corn flakes.
newjaninev2 · 56-60, F
@Heartlander Às I understand it, the Landed Value, or Customs Value, is determined by several methods, principally to assess the value of the goods in the destination country.
Heartlander · 80-89, M
@newjaninev2 Thanks. It's probably something that some consider best kept from public view :) But it's something on my "to discover" list.
In a long ago previous life I spent a few years working as a systems manager for a comprehensive electronics distributor so I have some awareness of the "markups" as things make their way to the "for sale" shelves; also enjoyed a mentor who really knew retailing and I remember his sayings about "ready to wear" having a shelf life comparable to fresh tomatoes :)
In a long ago previous life I spent a few years working as a systems manager for a comprehensive electronics distributor so I have some awareness of the "markups" as things make their way to the "for sale" shelves; also enjoyed a mentor who really knew retailing and I remember his sayings about "ready to wear" having a shelf life comparable to fresh tomatoes :)