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Old 06-29-2018, 02:17 PM
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Default Tariffs: the good and the bad

There is currently a rather large argument over whether tariffs (basically, taxes) are a good thing or a bad thing.

It would probably be better if we noted that they have both an upside and a downside--and then looked to see which appears more important.

The upside is that more Americans are put to work, who were previously unemployed.

The downside is that just about everything--even tangentially related to those things affected--costs a bit more.

In short, not everything is 100 percent good or 100 percent bad.

My own preference is for lower prices--which are not congenial to tariffs.

Of course, those who have been laid off for awhile, and who may be personally affected--as well as their families--may vote for tariffs.

Thoughts?
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Old 06-29-2018, 04:15 PM
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Default Re: Tariffs: the good and the bad

As stated, tariff s can be both good and bad. Tariffs should be enacted only against countries that practice unfair trade. Dumping, and protections of their industries at our expense has to stop.
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Old 06-30-2018, 12:48 AM
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Default Re: Tariffs: the good and the bad

I think the major problem is what CAUSED this...

The US has a world trade deficit in the hundreds of BILLIONS of dollars...Many of them are these "allies" I keep hearing about...

Trade in Goods with European Union



Trade in Goods with Mexico



Trade in Goods with Canada



Keep in mind these are JUST 2017 numbers...Add in 2016, 2015, and a few more years back and you find our "allies" have taken over an extra TRILLION DOLLARS out of the US economy...

And just like Trump, I blame the previous administration and lawmakers that ALLOWED this...

Anyone who wants the status quo is a surrender monkey...

I don't know if what Trump is doing will work or not, but I DO KNOW sitting on our hands like we've been doing is outright f**kin' stupid...
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Old 06-30-2018, 02:05 AM
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Default Re: Tariffs: the good and the bad

Quote:
Originally Posted by pjohns View Post
There is currently a rather large argument over whether tariffs (basically, taxes) are a good thing or a bad thing.

It would probably be better if we noted that they have both an upside and a downside--and then looked to see which appears more important.

The upside is that more Americans are put to work, who were previously unemployed.

The downside is that just about everything--even tangentially related to those things affected--costs a bit more.

In short, not everything is 100 percent good or 100 percent bad.

My own preference is for lower prices--which are not congenial to tariffs.

Of course, those who have been laid off for awhile, and who may be personally affected--as well as their families--may vote for tariffs.

Thoughts?
I would hope this trade war will spur more US production of goods. I think Americans make things of higher quality than those countries currently putting out clothing and tools for instance. German work has always been of good quality too. I would love to see an end to this cheaply made crap filling our stores just so we can pay less for it.
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Old 06-30-2018, 05:07 AM
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Default Re: Tariffs: the good and the bad

Quote:
Originally Posted by pjohns View Post
There is currently a rather large argument over whether tariffs (basically, taxes) are a good thing or a bad thing.

It would probably be better if we noted that they have both an upside and a downside--and then looked to see which appears more important.

The upside is that more Americans are put to work, who were previously unemployed.

The downside is that just about everything--even tangentially related to those things affected--costs a bit more.

In short, not everything is 100 percent good or 100 percent bad.

My own preference is for lower prices--which are not congenial to tariffs.

Of course, those who have been laid off for awhile, and who may be personally affected--as well as their families--may vote for tariffs.

Thoughts?
I prefer than Americans have jobs.Because lower prices don't mean squat if your job that was paying pretty good was shipped over seas and now you have to work at a less paying job.Plus I don't think we should be be heavily reliant on other countries for the goods and American companies shouldn't have to cut corners on their products in order to compete with countries whose workers practically make pennies on the dollar compared to what Americans are paid. Also every American dollar that goes to China eventually goes toward China's military upgrade. That is how China is able to build up their military. I know that is not a popular opinion with those who kiss the asses and lick the testicles of of big businesses.

The poor will still be able to buy TVs, computers, other electronics and goods. Income tax returns, thrift stores, pawn shops, rent to own,lay-away, Fingerhut and other means of obtaining those goods is how the poor did and still does obtain those goods. Its how my family obtained those goods when I was younger.
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Old 06-30-2018, 10:53 PM
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Default Re: Tariffs: the good and the bad

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Originally Posted by jamesrage View Post
I prefer than Americans have jobs.Because lower prices don't mean squat if your job that was paying pretty good was shipped over seas and now you have to work at a less paying job.
True.

For those who are jobless as a result of outsourcing, it truly does not "mean squat" that prices are lower when the goods are manufactured elsewhere.

But for those who are not jobless--and these are certainly in the majority--price is rather important.

Quote:
Originally Posted by jamesrage View Post
Plus I don't think we should be be heavily reliant on other countries for the goods and American companies shouldn't have to cut corners on their products in order to compete with countries whose workers practically make pennies on the dollar compared to what Americans are paid.
That is reasonable enough.

But at an earlier time, Japan filled the role that China is now filling.

Do you believe that it was wrong, at that time to purchase Japanese-made goods?

Quote:
Originally Posted by jamesrage View Post
Also every American dollar that goes to China eventually goes toward China's military upgrade. That is how China is able to build up their military. I know that is not a popular opinion with those who kiss the asses and lick the testicles of of big businesses.
This is true. And a bit troubling.

Quote:
Originally Posted by jamesrage View Post
The poor will still be able to buy TVs, computers, other electronics and goods. Income tax returns, thrift stores, pawn shops, rent to own,lay-away, Fingerhut and other means of obtaining those goods is how the poor did and still does obtain those goods. Its how my family obtained those goods when I was younger.
Perhaps.

But rent-to-own and layaway are enormously expensive ways to make a purchase; those who are least able to pay more wind up paying...well, much more.

And pawn shops and thrift stores--while surely better than nothing--do not offer the same quality, never-used goods.
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Old 06-30-2018, 11:36 PM
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Default Re: Tariffs: the good and the bad

GM is concerned that tariffs will lead to higher costs and consumer prices, thus reducing demand for their vehicles and causing layoffs.

Quote:
“Increased import tariffs could lead to a smaller G.M., a reduced presence at home and abroad for this iconic American company, and risk less — not more — U.S. jobs,” General Motors wrote in its comment.

https://www.cnbc.com/2018/06/29/gm-s...-job-cuts.html
We also might see American nails get sent to Mexico or just close up entirely.

Quote:
The Mid-Continent Nail plant in Poplar Bluff, Missouri, laid off 60 of its 500 workers last week because of increased steel costs. The company blames the 25% tariff on imported steel. Orders for nails plunged 50% after the company raised its prices to deal with higher steel costs.

The company is in danger of shutting production by Labor Day unless the Commerce Department grants it an exclusion from paying the tariffs, company spokesman James Glassman told CNN's Poppy Harlow.

Steel tariffs put largest US nail manufacturer 'on brink of extinction'
These are just two examples of American companies' serious concerns over these tariffs.

It's possible that we'll end up with higher prices AND fewer jobs.
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