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<blockquote data-quote="RobGMN" data-source="post: 8884350" data-attributes="member: 683408"><p>Tariffs pretty much got eliminated when we went to the current taxation system.</p><p>Pretty much every attempt to use them in a punitive way since has failed, including the last time Trump tried them.</p><p></p><p>I asked for evidence where tariffs have succeeded in past decades, but neither you nor Thx has been able to provide any. For **** sake, neither of you will even admit that a tariff is not a charge levied on the exporting country, but on the citizens of the receiving country.</p><p></p><p>Since you refuse to even answer a basic question to show you know what a tariff is and who pays it, I'll answer your question about other countries that use tariffs, with a question: Do you think the US is the same as these top-ten countries that rely on tariffs to stay solvent? Do you think we should tack 24% onto the price of all our goods, on TOP of all the taxes we already pay?</p><p>Remember that WE pay the tariff fees, just like the citizens of Bermuda pay the tariff on goods coming there.</p><p>A can of Coke in Bermuda is $3.42. The Bermuda dollar is 1:1 with the US dollar.</p><p>Good deal?</p><p></p><p>[ATTACH=full]61606[/ATTACH]</p><p></p><p></p><p>Christ on ice and Mary in the penalty box, you can't even answer the question of who pays the tariff on an imported product, and you think you've supported your repeated rhetoric with "proof or facts"?</p><p></p><p>Shit, Trump lost the popular by the thinnest margin in TWO DECADES, and you think it's a "landslide" because you heard him say the word. Due some due diligence, kid:</p><p>[ATTACH=full]61607[/ATTACH]</p><p></p><p>And, find me a post where I congratulated Biden on keeping Trump-era punitive tariffs in place.</p><p>But since you think Trump's tariffs were a good idea and a success, then you should have no complaints about price hikes under Biden.</p><p>Right?</p><p></p><p>Your Biden fact is accurate, but you seem to have missed a very important fact that was also on that webapge:</p><p></p><ul> <li data-xf-list-type="ul"><span style="font-size: 18px">The Trump administration imposed nearly <u>$80 billion</u> worth of <u>new taxes</u> on Americans by levying tariffs on thousands of products valued at approximately $380 billion in 2018 and 2019, <u>amounting to one of the largest <a href="https://taxfoundation.org/taxedu/glossary/tax/" target="_blank">tax</a> increases in decades</u>.</span></li> <li data-xf-list-type="ul">The Biden administration has <a href="https://taxfoundation.org/blog/biden-trump-tariffs/" target="_blank">kept most</a> of the Trump administration tariffs in place, and in May 2024, announced <a href="https://taxfoundation.org/taxedu/glossary/tariffs/" target="_blank">tariff</a> hikes on an additional $18 billion of Chinese goods, including semiconductors and electric vehicles, for an additional <a href="https://taxfoundation.org/taxedu/glossary/tax/" target="_blank">tax</a> increase of $3.6 billion.</li> <li data-xf-list-type="ul">We<strong><u> estimate </u></strong>the Trump-Biden tariffs will reduce long-run GDP by 0.2 percent, the capital stock by 0.1 percent, and employment by 142,000 full-time equivalent jobs.</li> <li data-xf-list-type="ul"><span style="font-size: 18px">Before accounting for behavioral effects, the $79 billion in <u>higher tariffs</u> amounts to an <u>average annual tax increase on US households of $625</u>. Based on actual revenue collections data, trade war tariffs have directly increased tax collections by $200 to $300 annually per US household, on average. Both estimates understate the cost to US households because they do not factor in the<u> lost output, lower incomes, and loss in consumer choice</u> the tariffs have caused.</span></li> </ul><p>Wasn't Trump the guy who was going to lower prices AND taxes?</p></blockquote><p></p>
[QUOTE="RobGMN, post: 8884350, member: 683408"] Tariffs pretty much got eliminated when we went to the current taxation system. Pretty much every attempt to use them in a punitive way since has failed, including the last time Trump tried them. I asked for evidence where tariffs have succeeded in past decades, but neither you nor Thx has been able to provide any. For **** sake, neither of you will even admit that a tariff is not a charge levied on the exporting country, but on the citizens of the receiving country. Since you refuse to even answer a basic question to show you know what a tariff is and who pays it, I'll answer your question about other countries that use tariffs, with a question: Do you think the US is the same as these top-ten countries that rely on tariffs to stay solvent? Do you think we should tack 24% onto the price of all our goods, on TOP of all the taxes we already pay? Remember that WE pay the tariff fees, just like the citizens of Bermuda pay the tariff on goods coming there. A can of Coke in Bermuda is $3.42. The Bermuda dollar is 1:1 with the US dollar. Good deal? [ATTACH type="full" width="480px" alt="1732981741803.png"]61606[/ATTACH] Christ on ice and Mary in the penalty box, you can't even answer the question of who pays the tariff on an imported product, and you think you've supported your repeated rhetoric with "proof or facts"? Shit, Trump lost the popular by the thinnest margin in TWO DECADES, and you think it's a "landslide" because you heard him say the word. Due some due diligence, kid: [ATTACH type="full" width="731px" alt="1732982412638.png"]61607[/ATTACH] And, find me a post where I congratulated Biden on keeping Trump-era punitive tariffs in place. But since you think Trump's tariffs were a good idea and a success, then you should have no complaints about price hikes under Biden. Right? Your Biden fact is accurate, but you seem to have missed a very important fact that was also on that webapge: [LIST] [*][SIZE=5]The Trump administration imposed nearly [U]$80 billion[/U] worth of [U]new taxes[/U] on Americans by levying tariffs on thousands of products valued at approximately $380 billion in 2018 and 2019, [U]amounting to one of the largest [URL='https://taxfoundation.org/taxedu/glossary/tax/']tax[/URL] increases in decades[/U].[/SIZE] [*]The Biden administration has [URL='https://taxfoundation.org/blog/biden-trump-tariffs/']kept most[/URL] of the Trump administration tariffs in place, and in May 2024, announced [URL='https://taxfoundation.org/taxedu/glossary/tariffs/']tariff[/URL] hikes on an additional $18 billion of Chinese goods, including semiconductors and electric vehicles, for an additional [URL='https://taxfoundation.org/taxedu/glossary/tax/']tax[/URL] increase of $3.6 billion. [*]We[B][U] estimate [/U][/B]the Trump-Biden tariffs will reduce long-run GDP by 0.2 percent, the capital stock by 0.1 percent, and employment by 142,000 full-time equivalent jobs. [*][SIZE=5]Before accounting for behavioral effects, the $79 billion in [U]higher tariffs[/U] amounts to an [U]average annual tax increase on US households of $625[/U]. Based on actual revenue collections data, trade war tariffs have directly increased tax collections by $200 to $300 annually per US household, on average. Both estimates understate the cost to US households because they do not factor in the[U] lost output, lower incomes, and loss in consumer choice[/U] the tariffs have caused.[/SIZE] [/LIST] Wasn't Trump the guy who was going to lower prices AND taxes? [/QUOTE]
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