Forum Thread

Import tariffs

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  • Independent
    Ft.myers, FL
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    Mr. Ross came this morning on the news that he wants to put an 20% import tax on Canadian lumber. The Canadians will like that for sure. Let the trade wars start. Opinions???
  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Dutch Wrote: Mr. Ross came this morning on the news that he wants to put an 20% import tax on Canadian lumber. The Canadians will like that for sure. Let the trade wars start. Opinions???
    Dutch. Hard to have a disccusion when everybody wants to ignore and give the problem a pass. Wall Street passing 20000 and GDP not reflecting that and number of businesses having gone down.
  • Independent
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    Mr. Ross is an idiot. Shall Canada jack up the price of their crude/oil equivalents via tariff? We get more from Canada than from any other single source iirc. The issue isn't simply tariffs as that is too simplistic which means we the people will fawn over it. The issue is how trade is approached as a whole. What should we trade? What should we manufacture? What wages should be paid? How should transnationals be permitted to move capital to lessen taxes?

    But, hey, 'Muricans love simplistic solutions to complex problems.

    Maybe we can bomb somebody, that should solve everything.

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Tit for tat. If I impose a tariff or a tax on you, anything I buy or acquire from you will have a tariff too.

    That I know of, the last time I transported (1986) boat engines into Canada, when the Canadian Authorities open the sealed envelope in front of me, (the envelope was sealed and not to be opened by anyone other than customs officials), I vaguely recall the price of the boat engines, and also recall a corporate check for the amount of the duty fees. Both the price and duty fees were much, much more than I could earn in 10 years of work. I do not know if taxes or tariff fees are imposed by our US Government, but I would think that if it did, it might be a fair dollar amount.

    I don't know if the USA or Trump is instigating a trade war of sorts, but dairy farmers in Wisconsin bitched and said Canada has unfair trade practices. Bear in mind that there are at least three Wisconsinites who hold public office and may be pulling on Trumps coattails, Walker, Priebus, Ryan. The governor, white house chief of staff, and the house speaker.

  • Strongly Liberal Democrat
    Democrat
    Pensacola, FL
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    Trump is pulling this super macho stupidly dangerous doesn't fool anybody saber rattling "wag the dog". Evidently Trump knows he can't create 25 million jobs and fulfill other promises so is he dancing around war games to deflect questions about his mounting and impending short comings?

  • Center Left
    Independent
    Central, FL
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    Who pays import tariffs ? Importers do. Who ultimately pays ? Consumers. The tax will be part of the price of the (Canadian) 2 x 4 board. Most tariffs are used as protectionism for US industries.

  • Strongly Liberal Democrat
    Democrat
    Dallas, TX
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    Warren Mosler: "Who else would complain about someone selling him something at too low a price, and then take action to make sure we all pay 20% more ?"

  • Independent
    Ft.myers, FL
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    Trudeau called Trump; he's mad. Yes we've got an fantastic President; fights with Mexico and now Canada. Indeed the Wisconsin farmers are complaining, while they are subsidized ; Lets built also an"wall" on the Canadian border. Ha ha.

    Yes Canada likely will hit Trump and the "barely" living antique Ross guy back with tariffs on the "tar sands" oil and other Canadian resources.

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Well recently all of a sudden Trump's playing nice guy concerning NAFTA. Hmmm? Interesting. Maybe Pence told him we don't want to go there?
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Chet Ruminski Wrote:

    Trump is pulling this super macho stupidly dangerous doesn't fool anybody saber rattling "wag the dog". Evidently Trump knows he can't create 25 million jobs and fulfill other promises so is he dancing around war games to deflect questions about his mounting and impending short comings?

    Yeah Chet, he's a real badass, he'd like to punch that guy in the face, then has his security detail take care of it. I'll bet a 5 year old kid could walk up to him and sock him in the groin and bring him down.Wink

    youtube.com/watch?v=CMg407gaFro

  • Liberal Democrat
    Democrat
    Kenosha, WI
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    Ah yes, all explained yesterday on WCPT,

    wcpt820.com/

    Charge tariffs or taxes on incoming lumber = contractors and home builders will charge the end user (consumers) higher prices for homes and buildings. Who ultimately pays, we do. Thanks Don, brilliant idea! I can't wait till it trickles down to my local Menards, every time I need a board or a piece of plywood, I'll just pay more.Thumbs Down

  • Liberal Democrat
    Democrat
    Tucson, AZ
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    Trump's tariffs are really causing a lot of hardships in a number of domestic industries.

    One industry that we don't think much about is the pork industry, which will likely have its worst year since 1998:

    http://tohell-andback.blogspot.com/2018/11/what-gas.html

    By now, you are aware that GM is laying off thousands of people in Michigan and Ohio, which has REALLY got Trump in a tizzy

    This morning, it was announced that farm bankruptcies in the upper Midwest have jumped in the last year, and Wisconsin is the state that was hit the hardest:

    https://www.marketwatch.com/story/farm-bankruptcies-in-the-upper-midwest-have-jumped-in-one-chart-2018-11-27

    Since Trump won Wisconsin, Michigan, and Ohio by narrow margins, the 2020 election will not be kind to the Republican party:

    https://www.washingtonpost.com/news/the-fix/wp/2016/12/01/donald-trump-will-be-president-thanks-to-80000-people-in-three-states/?noredirect=on&utm_term=.7f975862e2fc

  • Are you sure you want to delete this post?
        
    It's one thing to gain an advantage from Trump's mistakes. What puzzles me is the aversion to gain an advantage by helping the people on the low end of the economy.
  • Are you sure you want to delete this post?
        
    Helping the people on the low end by fixing the economy helps everybody. Increasing the GDP stabilizes the stock market by making earnings the value of stocks. Everybody benefits by bottom up improvements.
  • Liberal Democrat
    Democrat
    Kenosha, WI
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    that guy in AZ Wrote:

    Trump's tariffs are really causing a lot of hardships in a number of domestic industries.

    One industry that we don't think much about is the pork industry, which will likely have its worst year since 1998:

    http://tohell-andback.blogspot.com/2018/11/what-gas.html

    By now, you are aware that GM is laying off thousands of people in Michigan and Ohio, which has REALLY got Trump in a tizzy

    This morning, it was announced that farm bankruptcies in the upper Midwest have jumped in the last year, and Wisconsin is the state that was hit the hardest:

    https://www.marketwatch.com/story/farm-bankruptcies-in-the-upper-midwest-have-jumped-in-one-chart-2018-11-27

    Since Trump won Wisconsin, Michigan, and Ohio by narrow margins, the 2020 election will not be kind to the Republican party:

    https://www.washingtonpost.com/news/the-fix/wp/2016/12/01/donald-trump-will-be-president-thanks-to-80000-people-in-three-states/?noredirect=on&utm_term=.7f975862e2fc

    The tariffs are hurting more than helping for sure. Trump is threatening to take away subsidies from GM, around $5K to $6K per vehicle, which translates to those being passed onto the people who would purchase said vehicles, the consumer. But then, the tariffs imposed on the foreign goods coming in are being retaliated against in the form of farmers not being able to sell pork, soybeans and corn, hurting them, but Trump promised to prop up farmers with subsidies, that isn't helping our economy at all, taxpayers are the ones who will be footing the bill for this too, right when his tax cuts are biting in.

    Every election cycle we hear the same old bullshit from the right, sounding like a broken record over and over, "tax cuts".