Trump tariffs: ruin U.S. economy until 2040

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Let me see if I get this right.

Trump imposed tariffs during his first term. Economists all said that they would destroy the economy, blah, blah. Basically some luxury imported items got more expensive but the world did not end.

Then Biden followed Trump and then just kept these tariffs and all of a sudden all of those economists didn’t say anything. Then Biden decided to expand the Trump tariffs targeting even more Chinese goods and the experts continued to stay silent and many even applauded.

Now Trump is back proposing tariffs and all we hear is that it will crash the economy. Getting real tired of the partisan experts.

Let me get this right. You’re not following the news at all, and you don’t know WTF you’re talking about.

You have not learned a thing since Tuesday you arrogant fools.

If you think people are gonna pretend to be stupid to help you with your self-esteem issues, you are going to be disappointed.

Facts are facts. Tariffs will increase inflation.

Tariffs will bring down inflation. My god you’re dumb. Nothing worse than arrogant dummies.

Can you explain how tarriffs can bring down inflation other than by causing a recession?

I agree that we have economic muscle that we almost never flex and perhaps there is greater economic growth at the other end of a brief trade war where our trade partners recognize we are willing to absorb short term pain to avoid a death by a thousand cuts. But tarriffs as a long term policy is probably not a good idea. Like every economic theory agrees on that last point, freshwater economists, saltwater economists and swampwater economists all agree on this last point.

[Anonymous]

People need to watch this video to understand the impact of Trump's proposed tariffs. They are 9x higher than the tariffs he implemented in his first term.

[Anonymous]

[Anonymous]

Tariffs are taxes. They will increase prices, reduce demand and increase unemployment. Remember things like car parts cross the border multiple times as a car is assembled. Each time it crosses it’s a 25% tax.

Mexico makes up 64% of U.S. vegetable imports and 46% percent of U.S. fruit and nut imports. Texas is very dependent on trade with Mexico. Any slow down in trade will hit Texas a lot harder vs other states.

Canada exports wood products, cars, car parts and oil to the US.

The Chinese are flexing on the supplies lines now and US businesses are freaking out.

These tariffs will be incredibly disruptive. It does not seem like Trump understands how interdependent the US economy is with Mexico, Canada and yes China. We have worked to interlink our economies with Mexico and Canada for 30 years and one day in Jan all of that will be thrown away?

Remember these are punitive tariffs.

[Anonymous]

Anonymous wrote:

Wait a minute. What about grocery prices? Trump guaranteed to bring them down.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Wait a minute. What about grocery prices? Trump guaranteed to bring them down.

Yeah, he no longer needs to even try appeasing maga. He got what he needed from them. No reason to even pretend he will do anything to help poor and middle class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Wait a minute. What about grocery prices? Trump guaranteed to bring them down.

Yeah, he no longer needs to even try appeasing maga. He got what he needed from them. No reason to even pretend he will do anything to help poor and middle class.

So we’ve now passed the point of pretending that tariffs will bring down inflation?

I guess that means MAGA doesn’t care about inflation anymore? People must not actually be “hurting” then, amirite?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Wait a minute. What about grocery prices? Trump guaranteed to bring them down.

Yeah, he no longer needs to even try appeasing maga. He got what he needed from them. No reason to even pretend he will do anything to help poor and middle class.

So we’ve now passed the point of pretending that tariffs will bring down inflation?

I guess that means MAGA doesn’t care about inflation anymore? People must not actually be “hurting” then, amirite?

They better not care about inflation because Trump isn’t going to do anything about it.

[Anonymous]

Anonymous wrote:Tariffs are taxes. They will increase prices, reduce demand and increase unemployment. Remember things like car parts cross the border multiple times as a car is assembled. Each time it crosses it’s a 25% tax.

Mexico makes up 64% of U.S. vegetable imports and 46% percent of U.S. fruit and nut imports. Texas is very dependent on trade with Mexico. Any slow down in trade will hit Texas a lot harder vs other states.

Canada exports wood products, cars, car parts and oil to the US.

The Chinese are flexing on the supplies lines now and US businesses are freaking out.

These tariffs will be incredibly disruptive. It does not seem like Trump understands how interdependent the US economy is with Mexico, Canada and yes China. We have worked to interlink our economies with Mexico and Canada for 30 years and one day in Jan all of that will be thrown away?

Remember these are punitive tariffs.

Trump has got Democrats to argue that taxes are bad. Incredible.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Tariffs are taxes. They will increase prices, reduce demand and increase unemployment. Remember things like car parts cross the border multiple times as a car is assembled. Each time it crosses it’s a 25% tax.

Mexico makes up 64% of U.S. vegetable imports and 46% percent of U.S. fruit and nut imports. Texas is very dependent on trade with Mexico. Any slow down in trade will hit Texas a lot harder vs other states.

Canada exports wood products, cars, car parts and oil to the US.

The Chinese are flexing on the supplies lines now and US businesses are freaking out.

These tariffs will be incredibly disruptive. It does not seem like Trump understands how interdependent the US economy is with Mexico, Canada and yes China. We have worked to interlink our economies with Mexico and Canada for 30 years and one day in Jan all of that will be thrown away?

Remember these are punitive tariffs.

Trump has got Democrats to argue that taxes are bad. Incredible.

Depends on who is being taxed. Your average trillionaire can weather higher taxes far better than your average blue collar worker. A wealth tax or luxury goods tax won't actually hurt anyone. So yeah, taxes can be good or bad, depending on who is being taxed, and how those revenues are used.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Tariffs are taxes. They will increase prices, reduce demand and increase unemployment. Remember things like car parts cross the border multiple times as a car is assembled. Each time it crosses it’s a 25% tax.

Mexico makes up 64% of U.S. vegetable imports and 46% percent of U.S. fruit and nut imports. Texas is very dependent on trade with Mexico. Any slow down in trade will hit Texas a lot harder vs other states.

Canada exports wood products, cars, car parts and oil to the US.

The Chinese are flexing on the supplies lines now and US businesses are freaking out.

These tariffs will be incredibly disruptive. It does not seem like Trump understands how interdependent the US economy is with Mexico, Canada and yes China. We have worked to interlink our economies with Mexico and Canada for 30 years and one day in Jan all of that will be thrown away?

Remember these are punitive tariffs.

Trump has got Democrats to argue that taxes are bad. Incredible.

Depends on who is being taxed. Your average trillionaire can weather higher taxes far better than your average blue collar worker. A wealth tax or luxury goods tax won't actually hurt anyone. So yeah, taxes can be good or bad, depending on who is being taxed, and how those revenues are used.

But Trump is not proposing taxes only on luxury goods, though, is he?

[Anonymous]

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

Why would you think there will be tariffs? I doubt there will be any meaningful tariffs with Mexico and Canada. China is another story.

[Anonymous]

Anonymous wrote:If these tariffs are so bad, why did Biden keep Trump's tariffs when he came into office?

Is this why Biden's economy was so bad?

Biden's economy is not bad. It's bad for you and will be worse with Trump. Biden's economy is great for me and will be tremendous under Trump.

[Anonymous]

Anonymous wrote:If these tariffs are so bad, why did Biden keep Trump's tariffs when he came into office?

Is this why Biden's economy was so bad?

Why do you think the economy is so bad?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lot of talk that Trump’s policies will be good for the economy.

Interesting paper here that runs the numbers.

It’s not good.

Be interested for a Trump voter to provide detail on how the Trump policy will improve our economy.


“We find that these steps would result in lower US national income, lower employment, and higher inflation than otherwise. In some cases, economic conditions recover over time, but in others the damage continues through 2040.

And despite Trump’s “America first” rhetoric, these policies would harm the US economy more than any other in the world, particularly trade-exposed sectors such as manufacturing and agriculture. In some cases, other countries would enjoy stronger economic growth than otherwise after receiving inflows of capital leaving the United States.”

https://www.piie.com/blogs/realtime-economics/2024/how-much-would-trumps-plans-deportations-tariffs-and-fed-damage-us

Why would you think there will be tariffs? I doubt there will be any meaningful tariffs with Mexico and Canada. China is another story.

Where have you been?

Why do you suppose everyone is talking about trump’s tariffs? Maybe because he talked about them every day during his campaign? And continues to do so?

Stop with the gaslighting.