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<blockquote data-quote="RobGMN" data-source="post: 8884317" data-attributes="member: 683408"><p>WalMart bases like 80% of their sales in the US on goods from China.</p><p>That's $400 BILLION per year of goods that "break in a day", so I guess they do a billion a day in replacing what they sold us yesterday.</p><p>Pretty amazing business model. Wish I had thought of it.</p><p></p><p>We're "paying China to be our enemy" because they provide the goods cheaper than we can make here them while maintaining the profit level that is required by manufacturers, investors, etc.</p><p>We pay pretty much all of our enemies to provide us goods we need, and our enemies pay us to provide them the goods THEY need.</p><p>I'm not saying that makes sense, but it's a reality of world trade that's existed for longer than we've been alive.</p><p></p><p>Tariff failures are not a "Trump" syndrome. They got replace by our current system of taxation, and were also pushed out to promote freer international trade. They failed before him, and they failed with him.</p><p>He just uses them as a battle cry for his followers to get behind him, and won't even tell the truth about who pays for them. </p><p>****, no one here will even admit that they go direct to the consumer, and the "big boys" of retail commerce have flat-out said so.</p><p></p><p>And I'd bet good money that no one will admit how much the retaliatory tariffs other countries place on our goods ended up costing us. For example, the $31 BILLION we paid to farmers in subsidies when their product didn't go overseas.</p><p></p><p>You see, WE can absorb the cost of a tariff a helluva lot easier than other countries whose citizens are either poor, or already paying high taxes. Jack up our prices, and we continue buying from Canada. They don't get hurt.</p><p>Jack up pricing of US goods in Canada where they already pay significantly more taxes? They'll make US pay.</p><p></p><p>The mathematical FACT is that the last time Trump attempted to punish other countries by making us pay more for goods, it failed. It ended up being equivalent to one of the biggest tax increases we've had in DECADES. The money was just taken under a different name.</p><p></p><p>So Trump "lowers taxes" and everyone cheers. He then increases the cost of goods with tariffs that WE pay for which more than offsets the tax "reduction", effectively giving us the largest tax increase in decades, and we cheer.</p><p></p><p>You can post that same phrase 100x, Spokey. </p><p>Instead, show me evidence of how tariffs in the past 50 years have worked for the US. Since Trump wants to give it another go, maybe focus on the tariffs he attempted the last time around.</p><p></p><p>Explain their success using actual dollar figures and evidence of how other countries "changed their ways" when Trump threatened, and then enacted the tariffs.</p><p></p><p>No memes, no hyperbole, not "you just don't understand the wizard behind the curtain". Just show me the hard economic facts and figures, and proof that they all bent to our will, and did what we demanded.</p><p></p><p>A reasonable ask in a discussion of what our future might be like.</p></blockquote><p></p>
[QUOTE="RobGMN, post: 8884317, member: 683408"] WalMart bases like 80% of their sales in the US on goods from China. That's $400 BILLION per year of goods that "break in a day", so I guess they do a billion a day in replacing what they sold us yesterday. Pretty amazing business model. Wish I had thought of it. We're "paying China to be our enemy" because they provide the goods cheaper than we can make here them while maintaining the profit level that is required by manufacturers, investors, etc. We pay pretty much all of our enemies to provide us goods we need, and our enemies pay us to provide them the goods THEY need. I'm not saying that makes sense, but it's a reality of world trade that's existed for longer than we've been alive. Tariff failures are not a "Trump" syndrome. They got replace by our current system of taxation, and were also pushed out to promote freer international trade. They failed before him, and they failed with him. He just uses them as a battle cry for his followers to get behind him, and won't even tell the truth about who pays for them. ****, no one here will even admit that they go direct to the consumer, and the "big boys" of retail commerce have flat-out said so. And I'd bet good money that no one will admit how much the retaliatory tariffs other countries place on our goods ended up costing us. For example, the $31 BILLION we paid to farmers in subsidies when their product didn't go overseas. You see, WE can absorb the cost of a tariff a helluva lot easier than other countries whose citizens are either poor, or already paying high taxes. Jack up our prices, and we continue buying from Canada. They don't get hurt. Jack up pricing of US goods in Canada where they already pay significantly more taxes? They'll make US pay. The mathematical FACT is that the last time Trump attempted to punish other countries by making us pay more for goods, it failed. It ended up being equivalent to one of the biggest tax increases we've had in DECADES. The money was just taken under a different name. So Trump "lowers taxes" and everyone cheers. He then increases the cost of goods with tariffs that WE pay for which more than offsets the tax "reduction", effectively giving us the largest tax increase in decades, and we cheer. You can post that same phrase 100x, Spokey. Instead, show me evidence of how tariffs in the past 50 years have worked for the US. Since Trump wants to give it another go, maybe focus on the tariffs he attempted the last time around. Explain their success using actual dollar figures and evidence of how other countries "changed their ways" when Trump threatened, and then enacted the tariffs. No memes, no hyperbole, not "you just don't understand the wizard behind the curtain". Just show me the hard economic facts and figures, and proof that they all bent to our will, and did what we demanded. A reasonable ask in a discussion of what our future might be like. [/QUOTE]
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