Who pays for US tariffs on Chinese goods? You do

tulc said:

Who pays for US tariffs on Chinese goods? You do

tulc(this is President Trumps 230th false)

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The whole point is to encourage more factories in the United States. Wealthy people will always have enough money. Its the lower middle class that as time goes on has less and less job opportunities. These tariffs are actually good for the average chinese person. The biggest oppressor of the chinese people is their own government. Nationalism and Isolationism actually makes all people richer.
I would rather be killed by a foreigner than my own brother.

Personally i would prefer to pay $200 for a toaster and have a job at a factory than be underemployed and pay $5 for a toaster.

frogoon234 said:

Personally i would prefer to pay $200 for a toaster and have a job at a factory than be underemployed and pay $5 for a toaster.

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Expect it does not work quite that way.

The question is if you would pay 200$ for a toaster so that the guy in a nearby city would have a job.

Whatever people might say overwhelming majority would buy the 5$ toaster. That is why the factories are in China despite all the rhetoric we hear how people really would spend more money for stuff made in USA.

It is the normal high road when just talking or answering polls, but when it comes the time to spend the money cheaper prices are what people actually want.

frogoon234 said:

Nationalism and Isolationism actually makes all people richer.

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By this logic North Korea should be wealthy beyond imagination. Reality disagrees.

Who pays for the tariffs depends on the elasticity of demand and would vary according to each product. A Chinese producer that has lots of competition, when faced with a 25% tariff may very well lower their prices to remain competitive. Inversely a Chinese producer that does not have foreign competition can still export and simply pass the tariff on to consumers. Most products will fall somewhere between these two extremes.

Jonathan Walkerin said:

Expect it does not work quite that way.

The question is if you would pay 200$ for a toaster so that the guy in a nearby city would have a job.

Whatever people might say overwhelming majority would buy the 5$ toaster. That is why the factories are in China despite all the rhetoric we hear how people really would spend more money for stuff made in USA.

It is the normal high road when just talking or answering polls, but when it comes the time to spend the money cheaper prices are what people actually want.



By this logic North Korea should be wealthy beyond imagination. Reality disagrees.

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i disagree. If we greatly limit imports from other countries (nationalism) we can effectively raise the price of foreign goods and increase the chance of local goods being bought and sold (more factories).
Donald Trump believes this and so do i.

frogoon234 said:

i disagree. If we greatly limit imports from other countries (nationalism) we can effectively raise the price of foreign goods and increase the chance of local goods being bought and sold (more factories).
Donald Trump believes this and so do i.

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Ah well, if Trump believes it .......so how come North Korea who is practising in reality what you suggested is a poor country where people eat grass and starve ?

Jonathan Walkerin said:

Ah well, if Trump believes it .......so how come North Korea who is practising in reality what you suggested is a poor country where people eat grass and starve ?

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There are many factors. There is a difference between a communist nationalist government and a capitalist nationalist government. People function better with their own country men and their own family than some guy or girl they will never meet half way across the world.

frogoon234 said:

People function better with their own country men and their own family than some guy or girl they will never meet half way across the world.

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North Koreans do not meet anyone so they must function very well....

frogoon234 said:

Nationalism and Isolationism actually makes all people richer.

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Anyway , leaving North Korea aside can you show any country which is isolated and heavily restricts their imports that is also doing well financially ?

If you can not then maybe this should tell you something ?

Jonathan Walkerin said:

North Koreans do not meet anyone so they must function very well....



Anyway , leaving North Korea aside can you show any country which is isolated and heavily restricts their imports that is also doing well financially ?

If you can not then maybe this should tell you something ?

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First of all happiness doesn't just rely on good health care, the food we want to eat on any given day, inexpensive toasters and the quality of stuff. I would sooner die of cancer than live 50 years working a job i hate.

People are overworked in America. Suicide rates are extremely high (phetanonyl and opiods).

We can have a capitalist society that is "poor" and be very happy.

I hope you take it easy, don't think too much and have a great day.

See my sig.

frogoon234 said:

We can have a capitalist society that is "poor" and be very happy.

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I am sure. Although you said you supported Trump and his goals so do you really believe this is what Trump is after ?

If you do I have some fine swampland you might be interested in.

frogoon234 said:

I hope you take it easy, don't think too much

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I will take it easy and leave rest of it to you and Trump.

frogoon234 said:

The whole point is to encourage more factories in the United States. Wealthy people will always have enough money. Its the lower middle class that as time goes on has less and less job opportunities. These tariffs are actually good for the average chinese person. The biggest oppressor of the chinese people is their own government. Nationalism and Isolationism actually makes all people richer.
I would rather be killed by a foreigner than my own brother.

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We tried that experiment, once. Guess how it worked out?

The Tariff Act of 1930 (codified at 19 U.S.C. ch. 4), commonly known as the Smoot–Hawley Tariff or Hawley–Smoot Tariff,[1] was an Act implementing protectionist trade policies sponsored by Senator Reed Smoot and Representative Willis C. Hawley and was signed into law on June 17, 1930. The act raised U.S. tariffs on over 20,000 imported goods.

The tariffs (this does not include duty-free imports – see Tariff levels below) under the act were the second-highest in the United States in 100 years, exceeded by a small margin by the Tariff of 1828.[3] The Act and following retaliatory tariffs by America's trading partners were major factors of the reduction of American exports and imports by more than half during the Depression. Although economists disagree by how much, the consensus view among economists and economic historians is that "The passage of the Smoot–Hawley Tariff exacerbated the Great Depression."
Smoot–Hawley Tariff Act - Wikipedia

Haven't the time to read another Tulc hit thread against our President.

But will reply to main focus. China has never had to pay for anything. Americans have always paid. With the help of past administrations we have all willingly handed our wealth and our manufacturing jobs over to the Chinese.

We stand as a nation totally against slave labor. But that is on!u within our boundaries. We gladly import the work of child slave labor from China. If you wash your hands in mud... Are they clean?

Tarriffs will bring China to the table. Manufacturing jobs are coming back to America. We do not need the magic wand that Obama said was needed. We just need a strong President who cares. Thank God for President Trump!

Stormy said:

Haven't the time to read another Tulc hit thread against our President.

But will reply to main focus. China has never had to pay for anything. Americans have always paid. With the help of past administrations we have all willingly handed our wealth and our manufacturing jobs over to the Chinese.

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That's what Europe used to say about America. But we didn't make Europe poorer. In fact, as happened in America, standards of living went up when goods and services were more economically allocated.

We stand as a nation totally against slave labor. But that is on!u within our boundaries. We gladly import the work of child slave labor from China.

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The Chinese workers don't see it that way. You see, living standards have risen dramatically in China, too. Adam Smith was right, after all.

Tarriffs will bring China to the table.

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Seems to be hurting everyone. American farmers, for example, are taking a beating from Trump's trade wars.

Manufacturing jobs are coming back to America.

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Subsidizing marginal industries by taxing other Americans with tariffs isn't going to work. It's been tried before. Look up "Hawley-Smoot", and learn.

We do not need the magic wand that Obama said was needed.

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Whatever he used, Obama presided over the longest Ameican economic expansion in history. And just two years in, Trump has it faltering.

Trump and GOP promised economic growth much better than Obama’s. That’s not what happened

• New government data show that Trump, too, has failed to reach the 3 percent promised land, according to one major metric.
• The Commerce Department’s Bureau of Economic Analysis measured 2018 growth at 2.9 percent, matching the peak Obama enjoyed in 2015.
• For the rest of the president’s term, economic forecasters agree, that number will decline.

Trump and GOP promised economic growth much better than Obama's. That's not what happened

We just need a strong President who cares.

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That's at least a year and a half away.

Thank God for President Trump!

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Says Kim Jong Il and Saudi Arabia. Not so many Americans, though.