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Trump - 35% Tariff

Is Trump's 35% tariff idea a good idea?

  • Yes

    Votes: 10 16.9%

  • No

    Votes: 39 66.1%

  • Unsure

    Votes: 9 15.3%

  • What's a Trump?

    Votes: 1 1.7%
  • Total voters
    59
American said:
Not uneducated, but without all the data you are guessing. As an engineer, I can tell you that having a single number in hand like that, you are guessing without knowing the entire policy.
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This tariff doesn't exist in a vacuum, it's getting plugged into a preexisting system. Plenty of people in this thread have already shown that they know more than enough to gauge what this kind of market shift would do, and what impact it would have on other aspects of the market.
 
Jesse Booth said:
This tariff doesn't exist in a vacuum, it's getting plugged into a preexisting system. Plenty of people in this thread have already shown that they know more than enough to gauge what this kind of market shift would do, and what impact it would have on other aspects of the market.
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People are getting wrapped about the axle about a number thrown out by a President-elect, when it is Congress that decides these things. I find it amusing, but it's to be expected because the same people expect Trump to have his cabinet selected within hours, instead of months like other presidents.
 
American said:
People are getting wrapped about the axle about a number thrown out by a President-elect, when it is Congress that decides these things. I find it amusing, but it's to be expected because the same people expect Trump to have his cabinet selected within hours, instead of months like other presidents.
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We're debating the policy he has proposed, American. There's nothing wrong with pointing out that an unrealistic policy is also terrible.
 
Jesse Booth said:
We're debating the policy he has proposed, American. There's nothing wrong with pointing out that an unrealistic policy is also terrible.
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Okay, whatever.
 
Tariffs are certainly not going to be universal, or arbitrary. These trade deals like most of those before them had a change of heart after WW2. We wrote trade deals that were to our disadvantage to help the war torn world rebuild as democratic capitalist countries rather than dictatorships like many were before.

The countries we have the biggest problems with are far past the point at which we have to subsidise with generous trade deals. There is certainly room to change the balance of trade. There are also countries that we still accept a poor trade agreement with - many African nations, many south American nations, and many others.

It's time to grow up and learn to say "NO. We aren't doing that any more." To countries that are doing OK.

Bottom line, you may not like it, you may not agree, but what you are witnessing is leadership. Thing are changing already... Ten days in... Hell, Ford announced it is not leaving the USA, and even Apple said it was going to build some phones in the USA.
 
chuckiechan said:
Tariffs are certainly not going to be universal, or arbitrary. These trade deals like most of those before them had a change of heart after WW2. We wrote trade deals that were to our disadvantage to help the war torn world rebuild as democratic capitalist countries rather than dictatorships like many were before.

The countries we have the biggest problems with are far past the point at which we have to subsidise with generous trade deals. There is certainly room to change the balance of trade. There are also countries that we still accept a poor trade agreement with - many African nations, many south American nations, and many others.

It's time to grow up and learn to say "NO. We aren't doing that any more." To countries that are doing OK.

Bottom line, you may not like it, you may not agree, but what you are witnessing is leadership. Thing are changing already... Ten days in... Hell, Ford announced it is not leaving the USA, and even Apple said it was going to build some phones in the USA.
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Ford has said for a long time that it has no plans to move U.S. plants to Mexico...long before the Trump tariff threat came. And Apple is only rumoured to be looking at the possibility of making iPhones in America...no definite plans at all.

Massive tariffs will just skyrocket prices and hurt poor/fixed income Americans as their incomes will buy them much less.

Sure, a few extra jobs building low tech stuff will be created - but high tech jobs will be lost as China will undoubtedly go it's trade partners and force them to put tariffs on U.S. Exports...which will probably be high tech goodies.

Huge tariffs would be a disaster for America...just as they were during Smoot-Hawley.
 
cpwill said:
No, you are claiming that something is a fish, I pointed out that you hadn't shown any scales, gills, or that it lives in water, and you responded with, "look, if you don't believe it's a fish, then we can't talk about whether or not it has scales, gills, or lives in water, or if it has claws, fur, poops in the woods, and lectures campers about forest fires."


Show me the gills. Show me the scales. Show me the evidence that:





Tell me how an increase in CEO compensation means that people won't shop less if they have less money, or that somehow production costs here in the US will drop dramatically without the major cost of labor dropping sharply as well.
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The cost of CEO compensation would have to drop sharply. That's my point.
 
Before tariffs should be considered against nations that do it to U.S. products(no tariffs on both sides are what we should be aiming for), we should do the following things that will help U.S. made products be super competitive:

1/ 0% corporate rate
2/ eliminate business costs on providing employee health insurance by going to single payer catastrophic and let people pay cash out of their pockets or private charity on minor healthy care
3/ eliminate bad regulations/add good regulations (do not want to hollow out environmental regulations like many do who want regulation reform or allow it easy for corruption for those at the top)

Pay for it by doing the following:

1/ increase top rate on those making above 1 million to a real 30% rate no deductions including non ipo capital gains
2/ luxury item tax
3/ tax carbon at real cost
4/ tax junk food/beverages at real cost
5/ U.S. government negotiate pharmaceutical drug prices down to one of lowest in world instead of highest.
6/single payer will drastically cut medical providers bureaucracies that deals with all the myriads of different insurance companies. They will only deal with one.
 
[QUOTE and a 35% tariff? Yep, he sounds like one too. A tariff will spin the economy into a 2008 crash.[/QUOTE]

No it won't because if there is a 35% tariff imposed on companies who leave the US....they're not going to leave.

Also, union labor is one of the biggest reasons for US companies outsourcing work or moving plants out of country.
 
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