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<blockquote data-quote="RobGMN" data-source="post: 8884391" data-attributes="member: 683408">That&#039;s cool, but given the prior failures of tariffs once we moved to the tax system we have now, what makes you think Trump doing the exact same thing will yield better results?You are CONVINCED they will work THIS time around.What is inspiring this confidence in a different outcome?Here is a non-partisan group&#039;s analysis of current-day tariffs. Please contrast your personal analysis with theirs, and tell me which parts they are getting wrong:[URL unfurl=&quot;true&quot;]https://taxfoundation.org/research/all/federal/tariffs/[/URL]<ul>
<li data-xf-list-type="ul">President-elect Trump has promised to impose tariffs of 25 percent on all imports from <a href="https://taxfoundation.org/location/canada/" target="_blank">Canada</a> and <a href="https://taxfoundation.org/location/mexico/" target="_blank">Mexico</a> and an additional 10 percent tariff on all imports from China when he takes office. If imposed permanently, we estimate these tariffs would generate $1.2 trillion in tax revenue from 2025 through 2034 on a conventional basis. In the long run, we estimate the tariffs would reduce GDP by 0.4 percent and employment by 344,900 jobs. Our estimates do not capture the effects of retaliation, nor the additional harms that would stem from starting a global trade war.</li>
<li data-xf-list-type="ul">Academic and governmental studies find the Trump-Biden tariffs have raised prices and reduced output and employment, producing a net negative impact on the US economy.</li>
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[QUOTE="RobGMN, post: 8884391, member: 683408"] That's cool, but given the prior failures of tariffs once we moved to the tax system we have now, what makes you think Trump doing the exact same thing will yield better results? You are CONVINCED they will work THIS time around. What is inspiring this confidence in a different outcome? Here is a non-partisan group's analysis of current-day tariffs. Please contrast your personal analysis with theirs, and tell me which parts they are getting wrong: [URL unfurl="true"]https://taxfoundation.org/research/all/federal/tariffs/[/URL] [LIST] [*]President-elect Trump has promised to impose tariffs of 25 percent on all imports from [URL='https://taxfoundation.org/location/canada/']Canada[/URL] and [URL='https://taxfoundation.org/location/mexico/']Mexico[/URL] and an additional 10 percent tariff on all imports from China when he takes office. If imposed permanently, we estimate these tariffs would generate $1.2 trillion in tax revenue from 2025 through 2034 on a conventional basis. In the long run, we estimate the tariffs would reduce GDP by 0.4 percent and employment by 344,900 jobs. Our estimates do not capture the effects of retaliation, nor the additional harms that would stem from starting a global trade war. [*][B][B]Academic and governmental studies find the Trump-Biden tariffs have raised prices and reduced output and employment, producing a[U] net negative impact on the US economy.[/U][/B][/B] [/LIST] [/QUOTE]

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