I never claimed the mantle of expert, but I majored in Business and minored in Economics at San Jose State.
I hope this answers your question.
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I hope this answers your question.
You're kidding right? Who do you think is gonna pay them?
Sorry, which tariffs are you referring to?
Are you familiar with the 2018 agriculture tariffs that resulted in a $16B taxpayer bailout to the US farmers?
Read what I wrote and don't be so knee jerk to protect your point of view.
A long term opportunity for what?
I am a long term investor as well. Short term scares me.
What post number? I didn't see any talk of who pays for the tariffs.
Research shows that most of the impact of tariffs is borne by consumers and firms inside the importing country.
Consumers are directly affected by having to pay more for goods.
Here's some examples:
- Approx 60% of US vegetable consumption comes from Mexico.
- 25% of crude oil processed by US refineries comes from Canada.
- 80% of US toys originate in China.
Those, and many other products, will all cost Americans more.
I would be interested in data that shows this to be incorrect.
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I got some UVIX and SQQQ.
Zee09
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Many countries are already falling in line like Thailand which makes many Denso filters now they will be cheaper.... the Bitog hoarders can now buy more. 
That's all that matters here....
Way too much drama as the victimizers are the ones crying the loudest.
Yeah I know.....
That's all that matters here....Way too much drama as the victimizers are the ones crying the loudest.
Yeah I know.....
Trump's tariffs of 2018,18,20. I'll look for a chart that shows the results.
Only responding to correct the record.
The farm industry - and that is what they are - these are not family farmers- get about $50B a year in aid directly. Told to plant, told to till under, whatever. That doesn't include stuff the state department buys directly to ship overseas as "foreign aid".
Is hard to say what part of the $16B was due to tarrif's and what was business as usual. Its a poor example - and its mostly rounding error.
If the 2018 Tarriff's on China were so oppressive - why did the next admin leave them completely intact?
Quit making comments to me like I'm a little child , You continually talk about the price of your house and that its paid off like you're something special around . It's a small bungalow with a carport, get over yourself .
Here you go:
With the 2024 election rapidly coming, it is worth revisiting the actual tariff outcome to American consumers in order to dispel the popular myths about tariffs raising prices here at home. This might be the cited data you want to bookmark.
It was the Fourth Quarter of 2019…..
Right before the pandemic would hit a few months later, despite two years of doomsayer predictions from Wall Street’s professional punditry, all of them said Trump’s 2017 steel and aluminum tariffs on China, Canada and the EU would create massive inflation – it just wasn’t happening!
Overall, year-over-year inflation was hovering around 1.7 percent [Table-A BLS]; yup, that was our inflation rate. The rate in the latter half of 2019 was firmed up with less month-over-month fluctuation, and the rate basically remained consistent. [See Below] The U.S. economy was on a smooth glide path, strong, stable, and Main Street was growing with MAGAnomics at work.
A couple of important points. First, unleashing the energy sector to drive down overall costs to consumers, and industry outputs was a key part of President Trump’s America First MAGAnomic initiative. Lower energy prices help the worker economy, middle class and average American more than any other sector.
Which brings us to the second important point. Notice how food prices had very low year-over-year inflation – 0.5 percent. That is a combination of two key issues: low energy costs, and the fracturing of Big Ag’s hold on the farm production and the export dynamic:
(BLS) […] The index for food at home declined for the third month in a row, falling 0.2 percent. The index for meats, poultry, fish, and eggs decreased 0.7 percent in August as the index for eggs fell 2.6 percent. The index for fruits and vegetables, which rose in July, fell 0.5 percent in August; the index for fresh fruits declined 1.4 percent, but the index for fresh vegetables rose 0.4 percent. The index for cereals and bakery products fell 0.3 percent in August after rising 0.3 percent in July. (link)
For the previous twenty years, food prices had been increasingly controlled by Big Ag, and not by normal supply and demand. The commodity market became a ‘controlled market’. U.S. food outputs (farm production) was controlled and exported to keep the U.S. consumer paying optimal prices.
President Trump’s trade reset was disrupting this process. As farm products were less exported, the cost of the food in our supermarket became reconnected to a ‘more normal’ supply and demand cycle. Food prices dropped, and our pantry costs were lowered.
Don't try arguing with him he reads the New York Times you know lol
Here's my answer. The 2018 tariffs resulted in retailitory actions and the trade war escalated.
In January 2020 the two sides reached a tense phase-one agreement. By the end of the administration's presidency, the trade war was widely characterized as a failure for the United States.
Tariffs have a place, don't get me wrong.
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There have been some excellent discussions here. I implore you all not to take disagreeing opinions personally, and not to make personal attacks in future posts so we can continue an enlightening thread.
I got lucky with my house. No one knew that property values around here would increase so much or everyone would have bought, right?
I bought this house because I wanted to live here and worked hard to pay it off. I took my lumps. It took a long time, no vacations, no nothing. Every extra penny went into the house or long term investments. That's what being homeless can teach you.
By the way, I wish you the best in your investing and long term financial security.
I am curious how you know about my house. There's no carport in my main home...
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Zee09
$200 Site Donor 2023
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This may not be such a bad thing after all. We’re just trying to even the score of the tariffs and taxes put on American goods imported into the European countries and China.
If it’s all true from what I understand, it will be equal on both sides whatever they’re charging for our products we will charge for theirs
There is definitely going to be some economic fallout from it, but maybe we’ll pull out of it ok in a couple years if it goes that far.
I think personally that countries around the world will start, let me correct that will stop the insane taxes they put on American goods in a matter of weeks or a couple months
Interesting times
Gains.
For sure true, but look at the top 20 stocks, and the price and multiple there selling at - and tell me any are any better.
I mean really, its amazing where only down 11% from ATH.
