Yes. Large capital decisions are not made in the short term, especially in these times of high uncertainty.
Mack Truck laying off 100s in PA & MD
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Do you suggest that we continue to allow other countries tax our products and we not theirs?
Its economic warfare and its about time we drew a line in the sand. China is set on destroying the USA.
Other countries routinely took advantage of our ineptness to challenge them. Those days are over for now anyway.
Yes, well said. This didn't happen in just a couple months.
With that said, my wife who deals with global trade is now seeing the issues with new tariffs in place. It just started to get crazy as products come ashore that were ordered before they took affect.
Im fine with it. We all know deep down, China has far more issues with us taxing them and they will cave, sooner or later.
The days of all countries taking advantage of us it over. Not perfect by ANY means but a heck of a lot better then its been in decades
Targeted tariffs are a powerful tool. Global tariffs are about as stupid as can be. Oh yeah, and what is the tariff status today? Your guess is as good as any.
It doesn't benefit the consumer, it sucks short term.
With that said, you can not forever allow the export of a nations wealth to another nation or that nation will become poor with no products to produce or to sell.
Agree.
Very recently I read an article about generic drugs in the BBC. A whopping 75% of the generic drugs sold in the USA are manufactured in India. But it's even worse than that. 90% of the drug's core ingredients are produced in China.
This is a perfect example of the problems associated with offshoring, insatiable capitalism risking the lives of its own people. But at least the leaders of big pharma are making big bucks. Thank God for that! <sarcasm>
Scott
It’s not a guess I’m 100% certain that the world has been put on notice that we are not going to bend over and take it anymore.
It doesn’t matter the on and off tariffs against the other countries just the fact that we take a stand against China, as well as put the rest of the world on notice will mean at least for now they will think twice about taking advantage of us.
It would be ignorant to deny that we will also end up with more favorable trade terms.
I am 100% for if a nation taxes us on our goods going to their country. We are 100% right to tax their goods coming to our country.
I mean, this is simple stuff
Animation can only survive so long by exporting their wealth to the benefit of other nations.
We have been doing exactly this and have 36 trillion in debt to show for it with no slowdown insight
Agree, targeted tariffs with a well thought out plan is needed. But I don’t see anything that resembles a well thought out plan as evidence by the flip-flopping back-and-forth on tariffs day-to-day sometimes changing twice a day.
I don't understand why that would matter? Should my state of NH avoid selling anything to anyone out of state, let alone out of country, because we don't have a sales tax?
I'm not against tariffs but I don't understand this argument.
4WD
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Maybe you’re seeing negotiations - these threads could look like VRP in a year …
Already more DFI on the hook than in previous 4 …
4WD
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BTW - talk about a thread that has run it’s course but gives the same people a place to rant out of place …
Well, so here is mine:
MACK HAS BEEN GOING NOWHERE FOR YEARS
Well, so here is mine:
MACK HAS BEEN GOING NOWHERE FOR YEARS
I honestly feel if we did not flip-flop back-and-forth we would send our country into a depression.
By messing with world leaders heads around the world I think we are sending a pretty strong message and they will never know what we’re up to and then at the last minute if they don’t cooperate, we can pick and choose what we do.
We do not owe them anything
My use of the word tax means place a tariff on the products that we send out to other countries
A tariff is a tax in my mind. If we send our products to China and they put a 20% tariff, it is a tax to the people of China and will persuade them to purchase Chinese goods instead.
That was the purpose of my statement. Sorry if I did not make it clear.
The head messing is with corporate leaders. They will not make expensive decisions based on uncertainty. Go ask Walmart, who does not like the tariffs imposed...
The company has publicly stated that tariffs would likely lead to higher prices for consumers, contradicting Walmart's "everyday low prices" model. While Walmart has acknowledged its ability to navigate the challenges, they have also expressed concern about the impact on profits and the potential for higher prices.
GON
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Go ask Walmart how their business models operates under a collapsed federal financial system, due to decades of importing more than the nation exports? The Wal mart buggys will be used to not only bring groceries to the car, but bring in stacks of near worthless currency to pay for the groceries.
For decades many corporate profits have been subsidized by federal deficits. These CEOs that import everything rather than manufacturer domestically want only one thing, to cash out and move their money into another currency, and buy an estate in New Zealand, before the dollar is no longer a reserve currency.
If Iphones can't be made in East LA, Baltimore, Gary IN, then it is financially over for our nation as we know it today. The decades long accruing trade defict, federal deficit, federal debt, and federal interest payments are clearly unsustainable.
"Ultimately governments must restore stability through economic reforms and commitments to reduce the money supply. Boosting economic growth to balance the budget deficit, or using austerity and privatisations to raise money for the state to close the gap, are among the options available."
The below pictures are real, and demonstrated who gets hurt when a nation financially collapses because it imports more than it exports.
Images: Reuters/Carlos Garcia Rawlins
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Most Americans want well priced products.
Any CEO of any retail store knows that if you want to stay in business. They are not in any way culpable of damaging our standing in the world or for doing damage to our economy. They are not subsidized by federal deficits that’s like putting the cart before the horse.
It’s the American voter who votes for these deficits, easy money, free, college, Covid payments, electric vehicle payments, it’s the American voter who subsidizes the entire economy with these massive deficits and no desire to eliminate them.
The consumer makes the decision to buy what they do, the retailer that provides that product is the one that survives. It’s a free market and we are a free people. It’s as simple as that.
As a country all we’re fighting for right now is our products are treated equally overseas as we treat their products here in the states. This isn’t brain surgery.
Walmart will always lead in low cost regardless of tariffs. Nobody will beat their prices. Their infrastructure is so efficient, that it’s the dream of any retailer to be able to mimic.
Any CEO of any retail store knows that if you want to stay in business. They are not in any way culpable of damaging our standing in the world or for doing damage to our economy. They are not subsidized by federal deficits that’s like putting the cart before the horse.
It’s the American voter who votes for these deficits, easy money, free, college, Covid payments, electric vehicle payments, it’s the American voter who subsidizes the entire economy with these massive deficits and no desire to eliminate them.
The consumer makes the decision to buy what they do, the retailer that provides that product is the one that survives. It’s a free market and we are a free people. It’s as simple as that.
As a country all we’re fighting for right now is our products are treated equally overseas as we treat their products here in the states. This isn’t brain surgery.
Walmart will always lead in low cost regardless of tariffs. Nobody will beat their prices. Their infrastructure is so efficient, that it’s the dream of any retailer to be able to mimic.
Everyone in the world wants well priced products.
There is no free market. Tariffs, regulations, etc are not part of a free market. Tariffs are a tax on the consumer.
@GON has a point about CEOs minimizing cost via cheaper imports. But the same is true about exports; CEOs will maximize profit and minimize cost where possible. CEOs are beholden to the shareholders, not a country. In the case of Walmart, they jumped into the tariff "discussion" because they are the biggest employer in our nation and so many people depend on their low prices. Cripple Wally World and you cripple the US.
Big corporations may increase manufacturing for the US market, if it is not cost prohibitive. But for products in other markets, why should they? Use existing off shore manufacturing and procurement. Building new factories in uncertain times makes zero business sense.
So who gets hurt the worst? America's small business and Americans in general due to inflation.
The answer is complicated. Targeted tariffs can help. but I am in favor of action like the Chips and Science Act. And most of all, we need to generate more engineers, scientists and business persons.
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Tariffs just knock businesses large and small teetering off the cliff.
Yes. but big business has more room to adjust by cutting product lines and layoffs, while small business gets hit harder. They just might be outta business.
Take a smaller US exporter. We export so much to our top trading partners, Mexico and Canada. We are choking off small business exporters in the immeadiate and short term; perhaps beyond. Their costs go up and their revenue goes down. And remember, small business runs on credit. Cash flow is only everything.
Also consumption taxes are almost impossible to avoid, unlike income tax which always has some workarounds; it would just be a fairer way to fund the cost of running this country.
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