It’s how the issue has been framed by COOTWH, that the costs of the tariffs will be borne by the exporting country, which is total bullshit. The cost is borne by the buyer, who then passes it along to the ultimate end buyer, the consumer. As such, end buyers don’t buy, importers don’t import, tariff revenue drops, factories/farms/production slows, less other things get bought, rinse/repeat.
Long term, lasting damage has been done, thanks to the brilliant, brilliance of brilliancy of COOTWH and his tariffs chart. It’s all about image and no substance.
I know people are up in arms about this but are the tariffs really going to help the Govts coffers? I really want to hear a view on how it can work thats not a boot licker.
I mean, it's more taxes going to the government, so yes, it will help the government's coffers just like other taxes do.
I would argue it's a weak substitute. Yes, tariffs will drive revenue to treasury short term, but the price increases will decrease demand, and therefore more likely to reduce gov revenue that it currently receives in the form of sales tax and business tax. If sales go down, those tax receipts go down.
I see this would be the case. I'm still not understanding what the end game is here? WHat is the final result? What are we expecting the outcome to be and for how long?
or
Is this market manipulation at its finest? Wouldn't that be some shit?
I know people are up in arms about this but are the tariffs really going to help the Govts coffers? I really want to hear a view on how it can work thats not a boot licker.
I mean, it's more taxes going to the government, so yes, it will help the government's coffers just like other taxes do.
I would argue it's a weak substitute. Yes, tariffs will drive revenue to treasury short term, but the price increases will decrease demand, and therefore more likely to reduce gov revenue that it currently receives in the form of sales tax and business tax. If sales go down, those tax receipts go down.
I see this would be the case. I'm still not understanding what the end game is here? WHat is the final result? What are we expecting the outcome to be and for how long?
or
Is this market manipulation at its finest? Wouldn't that be some shit?
The best case is reduced trade barriers, but I don't think Trump is that magnanimous or that clever to know what he's doing. Maybe to disrupt China's economy (with Americans and their wallets being the collateral damage in the short term). He thinks America gets taken advantage of, and that has increased our trade deficit. But because hes a dummy, he probably doesn't realize that its that way because we are a central bank to the world and are an economy that the world flocks to.
Most likely hes throwing a grenade into Global Trade so that those who can can benefit from it do, all while knowing that a new balance will eventually arrive and doing it under the guise that it will benefit Americans with production brought home and more jobs (which it won't).
I know people are up in arms about this but are the tariffs really going to help the Govts coffers? I really want to hear a view on how it can work thats not a boot licker.
I mean, it's more taxes going to the government, so yes, it will help the government's coffers just like other taxes do.
I would argue it's a weak substitute. Yes, tariffs will drive revenue to treasury short term, but the price increases will decrease demand, and therefore more likely to reduce gov revenue that it currently receives in the form of sales tax and business tax. If sales go down, those tax receipts go down.
I see this would be the case. I'm still not understanding what the end game is here? WHat is the final result? What are we expecting the outcome to be and for how long?
or
Is this market manipulation at its finest? Wouldn't that be some shit?
The super-cynic in me can conclude that he is driving a dip so he and his friends can buy it.
But I don't think that's actually the case because for many years he has talked favorably and ignorantly about tariffs and trade deficits.
The problem is that his rhetoric fundamentally doesn't make sense. His talking points oppose each other. To wit:
1. Sometimes they say it's to bring back manufacturing. Okay, tariffs can do that. But that means much more expensive goods and long periods of economic pain. And we know that US politicians have no stomach for such a thing. And there is no "negotiating" with other countries because the only way to make this work is to raise the tariffs to the point where it is less expensive to make the product here than in another country. And considering our cost of labor is about the highest in the world, it will take a high tariff to be cheaper than Asia.
2. Then other times they say it's to "get better terms" or reduce the corresponding tariff, etc. But that conflicts directly with point 1. If tariffs were even, that might create fairer trade but it will not bring jobs back to the US. It's a complete contradiction of that strategy.
That's why it's so hard to figure out an end game, because they can't keep the arguments straight on why we are implementing them to start. Maybe @shecky can tell us how to square these arguments. He's all in on the Trump admin so I'm sure he has considered these policies deeply.
It's because none of it makes sense because he's an idiot. He sees a trade deficit as us losing money lol, and he has held the belief that tariffs are a net-positive for like 40 years lol
He's just a moron and with really dumb and close minded beliefs. And somehow, because of how dumb we are collectively as a people lol, is making very important decisions.
Microsoft drops a law firm that appeased Trump, hires firm that’s fighting Trump Law firms that struck deals with the White House thought it’d protect their bottom line. What if their assumptions were wrong? May 1, 2025, 1:02 PM EDT
By Steve Benen
When Donald Trump launched an unprecedented offensive against prominent law firms, the businesses faced a difficult decision. If they appeased the president, they’d (theoretically) avoid White House punishments — penalties that the firms’ clients might have a problem with — but their reputations would suffer.
If, on the other hand, they fought back against Trump’s authoritarian-style assault, they’d preserve their credibility but risk defeats in court and potentially would lose clients that want legal representation with intact security clearances.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
List of Companies Laying Off Employees in May Published May 01, 2025 at 3:00 AM EDT Updated May 01, 2025 at 5:51 PM EDT CLOSE X Current Time 0:02 / Duration 0:23  By Suzanne Blake Reporter, Consumer & Social Trends Trust Project Icon Newsweek Is A Trust Project Member Many companies have already pre-announced their layoffs for May, and employees across several industries will be impacted.
Companies are required to send out a Worker Adjustment and Retraining Notification Act (WARN) notice before implementing mass layoffs. More than 120 employers are planning to let workers go in May, according to WARNTracker.com. Why It Matters
Companies are facing rising costs and shifting consumer demand, causing many to evoke mass layoffs across departments.
However, some of the other layoffs are happening as corporations seek to maximize profits rather than necessity, and the trend is happening across industries, experts say.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
Comments
Long term, lasting damage has been done, thanks to the brilliant, brilliance of brilliancy of COOTWH and his tariffs chart. It’s all about image and no substance.
Libtardaplorable©. And proud of it.
Brilliantati©
or
Is this market manipulation at its finest? Wouldn't that be some shit?
Most likely hes throwing a grenade into Global Trade so that those who can can benefit from it do, all while knowing that a new balance will eventually arrive and doing it under the guise that it will benefit Americans with production brought home and more jobs (which it won't).
But I don't think that's actually the case because for many years he has talked favorably and ignorantly about tariffs and trade deficits.
The problem is that his rhetoric fundamentally doesn't make sense. His talking points oppose each other. To wit:
1. Sometimes they say it's to bring back manufacturing. Okay, tariffs can do that. But that means much more expensive goods and long periods of economic pain. And we know that US politicians have no stomach for such a thing. And there is no "negotiating" with other countries because the only way to make this work is to raise the tariffs to the point where it is less expensive to make the product here than in another country. And considering our cost of labor is about the highest in the world, it will take a high tariff to be cheaper than Asia.
2. Then other times they say it's to "get better terms" or reduce the corresponding tariff, etc. But that conflicts directly with point 1. If tariffs were even, that might create fairer trade but it will not bring jobs back to the US. It's a complete contradiction of that strategy.
That's why it's so hard to figure out an end game, because they can't keep the arguments straight on why we are implementing them to start. Maybe @shecky can tell us how to square these arguments. He's all in on the Trump admin so I'm sure he has considered these policies deeply.
He's just a moron and with really dumb and close minded beliefs. And somehow, because of how dumb we are collectively as a people lol, is making very important decisions.
Law firms that struck deals with the White House thought it’d protect their bottom line. What if their assumptions were wrong?
May 1, 2025, 1:02 PM EDT
By Steve Benen
When Donald Trump launched an unprecedented offensive against prominent law firms, the businesses faced a difficult decision. If they appeased the president, they’d (theoretically) avoid White House punishments — penalties that the firms’ clients might have a problem with — but their reputations would suffer.
If, on the other hand, they fought back against Trump’s authoritarian-style assault, they’d preserve their credibility but risk defeats in court and potentially would lose clients that want legal representation with intact security clearances.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
List of Companies Laying Off Employees in May
Published May 01, 2025 at 3:00 AM EDT
Updated May 01, 2025 at 5:51 PM EDT
CLOSE X
Current Time 0:02
/
Duration 0:23
Â
By Suzanne Blake
Reporter, Consumer & Social Trends
Trust Project Icon Newsweek Is A Trust Project Member
Many companies have already pre-announced their layoffs for May, and employees across several industries will be impacted.
Companies are required to send out a Worker Adjustment and Retraining Notification Act (WARN) notice before implementing mass layoffs. More than 120 employers are planning to let workers go in May, according to WARNTracker.com.
Why It Matters
Companies are facing rising costs and shifting consumer demand, causing many to evoke mass layoffs across departments.
However, some of the other layoffs are happening as corporations seek to maximize profits rather than necessity, and the trend is happening across industries, experts say.
Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
you're finally here and I'm a mess................................................... nationwide arena columbus '10
memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
another man ..... moved by sleight of hand...................................... joe louis arena detroit '14