What's annoying and nobody seems to grasp is that even if the tax was on the foreign producer instead of the domestic consumer, the end result would be the same thing. They wouldn't just eat the cost lol.
If an entire cult is too fucking stupid to recognize whatâs hurting them, then how the fuck could tariffs be MAGAâs death knell like some people are saying? You could literally douse some of these people in gasoline and tell them, âI need you to burn for just a couple seconds for Trump,â and theyâd fucking do it.
I saw some asshole in an interview saying, âSometimes you gotta walk through the fire first.â
LikeâŠYeah? Maybe. Just donât start by lighting yourself the fuck on fire. đđ«
They STILL don't get it? Everyone has been yelling about exactly what would happen. The news, social media, people protesting in the streets... even Fox News is critical of the Tariffs now. Journalists are bringing it up at White House press conferences and getting reaponses from the Press Secretary. This is not a secret. What sort of social bubble/echo chamber, do these people live in? Just fully bought in to the kool-aid. Useful idiots, the lot of them!
Easy, according to Republicans 2+2=5, therefore your regular bill of $100 is actually $177 now. It's not a surcharge, they're literally the same number so the math checks out. Just enjoy your life, have more kids, and don't worry too much about politics, Trump has you covered.
Trump has said that other countries are ripping off the USA which creates the impression that foreign companies are selling goods far higher than they are worth.
That means that people who believe Trump likely think that the foreign companies have enough margin to soak up the tariff, I.e. Pay it themselves, in order to keep doing business. Then the ripping off stops and those foreign countries just grumble that their gravy train is over.
In reality, they are not and never were ripping off the USA in the way that is being suggested. Republicans seem to have forgotten that the market forces they used to talk about being so important have put a downward pressure on prices to some extent have prevented price gouging wherever there is competition and no collusion. Even when the goods come from overseas.
Now due to the tariffs, the cost of doing business with the USA went up. So if they want to keep selling products in the USA, they need to cover the cost of the tariff, and the only way to do that and stay in business is to pass the tariff on by increasing their price to the customer. They can still sell that product outside the USA at its original price but they may choose to increase those due to reduced volume sold over all since the USA will likely buy less.
By labelling the surcharge for the tariff they are simply highlighting the reason for the increase in price. As they should. I fear though that posts like this show that even when the reason for increased pricing is made clear, people will still choose their reality and not believe or understand the causes and motivations.
Tariffs are paid by the company that imports foreign-made goods to the government. To make up for that expense, they charge the retailer the same amount; and to make up for that expense, the retailer charges the customer the same (or a higher) amount added to the item's price. (at least as I understand it)
If OOP is "100% Trump!", they should be very, extremely happy about paying into THEIR President's pockets.
Because it's very hard to search online for "how tariffs work". This is why Trump got elected, because idiots like this who have no capacity to fact check things voted for him, no questions asked.
To make answer short, YOU pay the tariffs dummy. You do!
Ok, ok. Trump absolutely loves you just as much as you love him, double if you're uneducated. He told all of the businesses that they should lose money on sales and go out of business instead of raising prices. It's those businesses who are assholes. They haven't even started manufacturing in US, and hiring white Americans to make t shirts yet, and its been a whole week! If you support Trump, then boycott businesses who pass on tariff costs, because they just don't love you/America as much as he does.
This is why I'm hesitant to believe the tariffs will be the death knell of MAGA.
It might be enough to get the idiots who voted for him because they don't understand how markets work and blamed Biden, but these committed idiots will look the truth in the face and spit in it's eye because it doesn't line up with what they've committed themselves to.
Maybe I'm pessimistic. We've got almost four full years and the one thing this idiot has been committed to where it comes to economics is tariffs, namely on the biggest producer of our shit and that's a long time to be paying a thousand dollars for a cellphone, but I have really lost faith in the ability of human beings to put narrow self interest over blind prejudice.
You don't pay the import tax if you buy goods from within the country.
The goal seems to be to drive sales to American businesses with American goods. Until it's cheaper to buy American goods than it is to buy Chinese goods. Reversing the roles.
I always try to bring it back something they can relate to.
You know how when you go to some small mom and pop shop, and they charge you a small % to use a credit card, or give you a discount for using cash? Its the same principle. The credit card companies charge them a fee, and they dont want to (or cant afford to pay it), so they make you pay it. Tarrifs are the same. Either you pay the fee via surcharge, or your cost of the product went up to pay the fee
Even the administration admits that it will make things more expensive. The "passthrough" of 0.25 in their equation means Americans will pay 25% of the tariff amount. And it's in the denominator, so if it was 0, the (limit of the) tariff rate would go to infinity, which means no amount of tariff would be effective.