[LianneMigiano]

I just read of a manufacturing employer who just announced to his entire staff that there was not going to be any Christmas bonus this year due to his need to secure equipment and goods instead - prior to the implementation of tariffs.

[Topspinmo]

Originally Posted by fdpaq0580

That's the plan, but it doesn't always work. Supposed to "level the playing field" so imports don't have unfair price advantage over US goods.

Can’t compete with China labor average 16K year or 5.25 Mexico hourly wage. They free trade agreements was fair was it.

[SoCalGal]

Originally Posted by Topspinmo

Temu cutting into Amazon profits was already in the works before the election. We can figure out why.

I've ordered hundreds of times from Temu with few if any disappointments. But if a product isn't as described, I have only to request a refund. I get one within seconds without having to return the product--provided, that is, that the product is inexpensively priced. Perhaps Amazon needs a bit of direct competition.

[SoCalGal]

Originally Posted by KAM+6

Will they let them out to mow our lawns and keep TV beautiful.?

As long as they're legal, sure.

The plan is to use tariffs to offset tax hikes to the American people, thereby replacing taxable income to the U.S. Treasury with tariff revenue. I haven't read an analysis of this strategy but it would certainly be unique.

[SoCalGal]

Originally Posted by Topspinmo

They free trade agreements was fair was it.

What?

[SoCalGal]

Originally Posted by Joe C.

How about this? Instead of imposing tariffs on Chinese goods, maybe we should just prohibit certain Chinese-made products from entering and being sold in this country. It might slow down Wal-Mart just a bit, but do we really care?

Prescription drugs are one of them. It's outrageous that the U.S. relies on a foreign country for life-saving drugs. How stupid can you get?

[tophcfa]

Originally Posted by Topspinmo

Can’t compete with China labor average 16K year or 5.25 Mexico hourly wage.

Yup, that and no environmental controls allow them to make stuff much cheaper than we can. Even when the cost of transporting goods half way across the planet is added, still much cheaper. Tariffs will help even the pricing playing field, but will also contribute to inflation.

[eyc234]

Originally Posted by Pondboy

So who do you blame for all the good sourced from overseas?

The people who just look at the cheap price vs. the quality and origin of the goods…..or the manufacturers who outsourced the goods because they didn’t want to pay a fair wage (and benefits) to the American workers…..or the US manufacturers who did not have smart and creative employees (due to a poor educational system) to develop new cutting “edge technology”to the market.

When was the last time you sought out goods made in American and knowingly paid more for them ?

Also, who do you think is paying all those tariffs? We are, the consumer.

Don’t blame China or the rest of the world, they are just filling a need.

Simple economics, Americans want cheap and will not pay for higher cost goods. There is a reason WalMart, Amazon, Dollar stores, Temu and others outside are huge, cheap goods for cheap price. Not saying it is good or bad, just a fact. Same will happen for groceries when the labor that produces them is eliminated prices will climb. Home prices will go up when laborers that do all the real work leave.

[eyc234]

Originally Posted by SoCalGal

As long as they're legal, sure.

The plan is to use tariffs to offset tax hikes to the American people, thereby replacing taxable income to the U.S. Treasury with tariff revenue. I haven't read an analysis of this strategy but it would certainly be unique.

So paying more for goods is going to help the public offset tax hikes. Sounds more like a double tax. If the cost of getting goods onto store shelves go up the cost of those goods will go up. How is that good for the public.

[blueash]

Understanding that tariffs, a form of a tax, will absolutely increase the cost of those products as the importer has higher costs.. those costs will be passed to the consumer, while the tariff imposed is collected by the Federal treasury. So now the US gov't has more money, but the consumer has less. This is another example of a regressive tax as consumers get hit but those who are not consuming, the 1%ers who are saving and investing not buying with most of their income are not being taxed. So the tax burden is imposed on those who can least afford it and the benefit of not needing to consider a higher marginal rate from the rich benefits who??

[Taltarzac725]

Originally Posted by blueash

Understanding that tariffs, a form of a tax, will absolutely increase the cost of those products as the importer has higher costs.. those costs will be passed to the consumer, while the tariff imposed is collected by the Federal treasury. So now the US gov't has more money, but the consumer has less. This is another example of a regressive tax as consumers get hit but those who are not consuming, the 1%ers who are saving and investing not buying with most of their income are not being taxed. So the tax burden is imposed on those who can least afford it and the benefit of not needing to consider a higher marginal rate from the rich benefits who??

Nicely put.

[OrangeBlossomBaby]

Originally Posted by blueash

Understanding that tariffs, a form of a tax, will absolutely increase the cost of those products as the importer has higher costs.. those costs will be passed to the consumer, while the tariff imposed is collected by the Federal treasury. So now the US gov't has more money, but the consumer has less. This is another example of a regressive tax as consumers get hit but those who are not consuming, the 1%ers who are saving and investing not buying with most of their income are not being taxed. So the tax burden is imposed on those who can least afford it and the benefit of not needing to consider a higher marginal rate from the rich benefits who??

It benefits the people who don't care, because they can afford to pay more for everything and still have plenty left over for their kids to inherit.

Everyone else takes a dive, whether they understand how tariffs work or not.

[kkingston57]

Originally Posted by Wondering

Any legitimate economist or financial specialist has stated that tariff's only hurt consumers. Shows you how dumb the person who is pushing for them is in reality. I would be more concerned about the potential increase in produce, meats and dairy when there will be no immigrants to do the work!

Next couple of years will be interesting. Worst part is that we have not had a recession in a long time and are inevitable in business cycles. As usual the young un educated people are affected the most.

[kkingston57]

Originally Posted by Joe C.

Most of the manufacturing facilities in China are owned or partially owned and totally controlled and regulated by the Chinese government which is known as the Chinese Communist Party. The CCP employs slave labor, and much of the profit from all these factories is garnished by the military. That is why China now has the worlds largest Navy, and is building warships faster than any country in the world. Their ultimate goal is domination and control worldwide. They love American greed. The "what's in it for me?" attitude that permeates the masses. In the long run, if left unchecked, it will be our downfall.
Buy American when possible. If not, buy Mexican (it employs the Mexicans, and helps keep them south of the border). Otherwise if possible support any country that is an ally of the U.S.

Suggest taking the time to find the product made in the US and when you find it you will need to fork up more money for that same product.

[PersonOfInterest]

Thank you Villages Economists.