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Thread: Fed study finds Trump tariffs backfired

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    Fed study finds Trump tariffs backfired

    Fed study finds Trump tariffs backfired - MarketWatch

    Donald Trump's Trade War Tariffs Reduced Employment at U.S. Factories and hiked prices, Federal Reserve study shows.


    "We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer price.

    Some executives have blamed import tariffs for higher costs including heavy equipment manufacturer Caterpillar CAT, +0.04%."



    Is anyone surprised?

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    Re: Fed study finds Trump tariffs backfired

    Quote Originally Posted by CaughtInThe View Post
    Fed study finds Trump tariffs backfired - MarketWatch

    Donald Trump's Trade War Tariffs Reduced Employment at U.S. Factories and hiked prices, Federal Reserve study shows.


    "We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer price.

    Some executives have blamed import tariffs for higher costs including heavy equipment manufacturer Caterpillar CAT, +0.04%."



    Is anyone surprised?
    Let's hear it from the Trump worshippers here on DP. They truly believe Trump is right and the Feds wrong. Remember he declared he knows more about ISIS than the generals?
    He knows more about climate change than the climatologists? He declared windmill noise creates cancer that the doctors do not know about. He even declared himself to be greater than God. And people do believe his claims. The weak minded anyway.

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    Re: Fed study finds Trump tariffs backfired

    No, the tariffs didn't backfire, because the purpose of the tariffs was to reward the lobbyists who wanted them. While the tariffs do make America poorer, Trump must play the game of electoral politics, just like any successful politician.

    "We find that the 2018 tariffs are associated with relative reductions in manufacturing employment
    Good Lord. Why do people fetishize manufacturing employment?

    I hate to have state the obvious, but if a foreign country can make widgets cheaper than we can in the US, then it makes sense to buy widgets from them. It makes no sense to put a tariff on widgets which is just a tax on the American consumer.

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    Re: Fed study finds Trump tariffs backfired

    Quote Originally Posted by aociswundumho View Post
    No, the tariffs didn't backfire, because the purpose of the tariffs was to reward the lobbyists who wanted them. While the tariffs do make America poorer, Trump must play the game of electoral politics, just like any successful politician.



    Good Lord. Why do people fetishize manufacturing employment?

    I hate to have state the obvious, but if a foreign country can make widgets cheaper than we can in the US, then it makes sense to buy widgets from them. It makes no sense to put a tariff on widgets which is just a tax on the American consumer.
    So you are admitting that Trump is part of the swamp. Good call. Trump supporters are in league with the devil and supportive of increasing the swamp.
    Quote Originally Posted by Logical1 View Post
    Which is greater, the life of the baby or a womans "rights"??????
    Quote Originally Posted by Praxas
    Yes, we know that you don't care Trump bragged about walking in on underage girls naked.
    Quote Originally Posted by Conservative View Post
    And that bothers you because????????

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    Re: Fed study finds Trump tariffs backfired

    Quote Originally Posted by Praxas View Post
    So you are admitting that Trump is part of the swamp.
    Yes, the swamp that is democracy.

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    Re: Fed study finds Trump tariffs backfired

    Quote Originally Posted by aociswundumho View Post
    Yes, the swamp that is democracy.
    Democracy is the people, so are advocating fascism?
    Quote Originally Posted by Logical1 View Post
    Which is greater, the life of the baby or a womans "rights"??????
    Quote Originally Posted by Praxas
    Yes, we know that you don't care Trump bragged about walking in on underage girls naked.
    Quote Originally Posted by Conservative View Post
    And that bothers you because????????

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    Re: Fed study finds Trump tariffs backfired

    Quote Originally Posted by Praxas View Post
    Democracy is the people, so are advocating fascism?
    No, I'm not a socialist.

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    Re: Fed study finds Trump tariffs backfired

    Quote Originally Posted by aociswundumho View Post
    No, I'm not a socialist.
    So the people elect the Republic and you call that socialism? Interesting that a fascist like you supports the people. Your fascism is on display here, the people are the Republic you hate.
    Quote Originally Posted by Logical1 View Post
    Which is greater, the life of the baby or a womans "rights"??????
    Quote Originally Posted by Praxas
    Yes, we know that you don't care Trump bragged about walking in on underage girls naked.
    Quote Originally Posted by Conservative View Post
    And that bothers you because????????

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    Re: Fed study finds Trump tariffs backfired

    Quote Originally Posted by CaughtInThe View Post
    Fed study finds Trump tariffs backfired - MarketWatch

    Donald Trump's Trade War Tariffs Reduced Employment at U.S. Factories and hiked prices, Federal Reserve study shows.


    "We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer price.

    Some executives have blamed import tariffs for higher costs including heavy equipment manufacturer Caterpillar CAT, +0.04%."



    Is anyone surprised?
    Tariffs made this country into an industrial superpower. It would take much more than a single “study” using extremely short term data to make a case against them.

    Quote Originally Posted by aociswundumho View Post
    I hate to have state the obvious, but if a foreign country can make widgets cheaper than we can in the US, then it makes sense to buy widgets from them. It makes no sense to put a tariff on widgets which is just a tax on the American consumer.
    This is not at all obvious. Why shouldn’t we subsidize our own industries? If people want foreign goods (i.e. luxuries), let them pay a premium.
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    the sky is falling...
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    goyim are subhuman
    Quote Originally Posted by CaughtInThe View Post
    i think shifting the tax burden down to poor Republicans is a great idea.
    Quote Originally Posted by jamesrage View Post
    our founders were racist pieces of **** cocksuckers

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    Re: Fed study finds Trump tariffs backfired

    Quote Originally Posted by AmNat View Post
    Tariffs made this country into an industrial superpower.
    No, you've got it backwards. Free trade among the states made this country into an industrial superpower. Individual states can't put tariffs on out of state goods, but if they could have, the US would be much, much poorer than it is today. It was the lack of tariffs (between the states) that made the country one enormous free trade zone -- and that's what made the country great. The bigger the trade zone, the more overall prosperity you're going to get.

    Why shouldn’t we subsidize our own industries?
    For one reason, where do you get the money for the subsidies? The taxpayer. Who pays extra when you apply tariffs? The taxpayer. Either way, the taxpayer's the one who's getting screwed by propping up inefficient industries with tariffs or subsidies.

    Furthermore, how will it be decided as to which industries get the subsidies/tariffs? We know how. The "winners" in this perverse lottery will be chosen by their political clout. This is politics, after all.

    Another reason is a person has the right to buy from whom he chooses, without having to pay a special tax to the government for it.

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