Appreciate the critique. You're perfectly describing the political rationale for tariffs, I'm describing the economic costs. It's a totally valid opinion to believe that paying higher prices for foreign stuff is worth it in order to increase domestic manufacturing. I took no position on that in the video. Just simply pointed out what a century of data have told us: tariffs (just like all taxes) make things more expensive.

@CareyLaManna I saw what you did there, keep it as simple as possible to anger the ignorant liberals who only care about cheap sht. There's a reason why tarrifs have to be put in place and that's to protect the American workers, by sending all the good paying jobs out to china, your left with the low income zombie jobs and complaining about making minimum wage. Like I said when your picking a topic such as tarrifs it's alot more complicated then your going to pay more....dude no has a job that pays the mortgage anymore, these kids are stuck and doing them like this is wrong

@CareyLaManna I see you deleted my reply....sad little man

@ What are you talking about? I replied to you

Yes, it will likely shift things to American production, agreed 100%. Of course, if we are now producing things that we used to import that means the resources being used for this new production can't be used to produce other things that we otherwise would be able to produce. "The seen and the unseen." It's easy to see the new domestic jobs that are created/protected by the tariff but tougher to see the jobs that aren't ever created because of it. And like you point out, it's why people of both parties often cheer for new tariffs because they certainly do benefit segments of the population.

If your goal is for people to buy more American, tariffs are certainly one way to do that. But the market will be less competitive and people will face higher prices. That might be a trade-off that you're willing to make and that's fine.

With due respect, the main thing that matters is the consumer paying for it in the end. That's the headline. As far as you, the importer, paying the tariff, yes that's true too, and what I said. You pass that tariff along in a couple of ways. One is directly to consumer or whoever is next in the chain by charging a higher price (if you can). The other is by the price you are willing to pay the foreign company for the good (or the price that you charge them for the importing services if that's what you do) by taking into account the effect that the tariff will have on your ability to sell the good once it's in your possession. Most commonly, like I said, the vast majority (and often the entirety) of the tariff is born by the end consumer.

Love to do one. Corporate taxes are paid in one of three ways: higher prices for consumers of the product, lower wages for the firm's workers, or lower share prices for the stockholders. Corporations do not bear the incidence of corporate taxes. But I think you know that lol

@CareyLaManna I did but you nailed it on the head with all three! That earned a follow.

The nice thing about tariffs is we have over a hundred years of data to look at to see what's happened when a variety of tariffs have been placed. And over and over you see the same thing: the price of the domestically produced good increases. In fact, this is essentially the purpose of protectionist tariffs: to shield the domestic company from competition. Remember, competition is what keeps prices down (relatively). When that competition becomes more expensive it increases demand for the domestic product, increasing its price.

@ Competition. Like when other countries fuck is over but cry when we don’t shill for them? Protect deez nuts. Tariffs are negotiation tools. Already made Mexico and Canada fold like a book.

@ It’s not competition when the opposition is being subsidized to screw you over. One of the flawed aspects to libertarian economics. They don’t weigh the entire context. They just screech free market when in fact they lack the understanding of fair market practices. Mexican avocado cost $5/case. American costs $6/case. We slap a 25% tariff on Mexican avocados, so now they cost $6.5/case. No one buys the more expensive avocados so the Mexican supply sits on a distribution center shelf and rots. People buy domestic. More money in the US economy strengthens the dollar and increases buying power. In 1st world countries, imports from 💩 holes will always be cheaper. That doesn’t mean we should buy it. Trump uses tariffs not for economic reasons but as a tool.

Thanks!

This is not right!

​@@BreAnnaHannen-t7bWhat isn't right?

Indeed. Tariffs were (and are) are a pretty simple way of collecting tax revenue in developing nations.

Appreciate the comment. Typically "better products" are more expensive than "cheap crap," especially when a tariff makes the cheap product more expensive; this leads to the local product also becoming more expensive, reducing the purchasing power of the local population.

Totally fair, I get it.

@CareyLaManna I have a critique if your willing to listen, when you point what's wrong provide a solution or idea that can be proven better than the flaw you otherwise you'll come off as pessimistic and ignorant. It's great that you disagree and using your voice, but you won't get followers if all you do is rely on the viewers hate

@ Definitely willing to listen, appreciate it. You can disagree and I'd be interested to hear why, but I don't think there was anything that is remotely about "hate" in this or any of my uploads. The point of this video (and the first one yesterday) was a really quick, what's a tariff and why do you keep hearing that economists are against them? Basic answer: it's a tax paid by consumers. That's just a statement of fact from any Econ 101 course, no bias or opinion or even judging whether it's good or bad. Just saying it means higher prices for consumers. One person could say ok higher prices but it's good for American companies and we should buy American so it's worth it. Others would say hey it's a tax and taxes are bad so we shouldn't do it. Neither of those value judgments are incompatible with me just saying consumers pay tariffs. As far as me giving my own opinion or solution, I think you're right that it would probably help boost views and engagement as people could be debating my solutions and some people would think they're great and others would hate me but still engage...but that's not the kind of channel I want. If you look at my channel, I'm a high school teacher making educational videos teaching students AP Government and AP Economics. My purpose with these current event videos is to mimic a social studies class where the teacher brings up current events to discuss. IMO what I've always tried to do in class is make sure people understand the facts and why each side thinks what they do, but it's not my role to tell people what they should believe or what I think is best. If you read this long reply, thanks. And thanks for the suggestion, I do appreciate it. I hope you understand my intentions better now and if you have any thoughts, I'm certainly open to it. One other thing I'll say is that I've discovered how tough it is to do this in less than a minute clips. It means I focus on one side or the other in one video and the other side in another video. And to me this feels balanced, but when people only see one and not the other they assume I'm promoting a particular side even when that isn't my intention. Thanks for reading.

Thanks! And if you made it to the end of the video then you know that we actually agree that consumers are the ones who pay the vast majority of the tax! I was describing the order of the tax getting passed along. But it usually ends up overwhelmingly on the consumer.

@@CareyLaManna what I am mainly saying its impossible for an importer to pass the cost on to the foreign company it always gets passed to the customer once the foreign company product is purchased thay are out of the equation when it comes to tariffs

That's probably true in a lot of cases. It's certainly why Democrats and MSM liked Biden's tariffs but not Trump's. But economists overall have been consistent on this position for decades.

No. Because tariffs are a tax on consumers. Even President McKinley gave up on tariffs because they don't make anything better.

If a tariff is imposed it's more expensive to get that good across the border so they charge the producer a higher fee for their services to include as much of the tariff as the market will bear.

Thay can't because if the foreign company ups the price the tariffs are higher on the importer also the tariffs are applied at costumes which is way after the product has already been purchased. No matter what the consumers are the ones that pay 100% of the tariffs

@@CareyLaManna Is the producer the importer or the exporter in your example? Either way the importer pays the tariff. The importer charges its consumers more to offset the cost of the tariffs.

Nothing like talking about tariffs in the morning!

@@lindawilcox3856 I can’t say you didn’t just give me a new complex 😂

@@eviliswhereevilthinks9617 Kamala voter! Your opinions lost now get lost.

Trump voter, you have already had your opinion. Get lost

@eviliswhereevilthinks9617 I already had my opinion? What does that even mean?

@@snowpaletehdog ask Angry Sushi

Always appreciate you, hope you’re doing well!

@ Started my full time corporate job at Keurig Dr.Pepper!! Finally using those PPC curves in life 👑

Sindikato ng iligal na druga laban sa mga sundalong Amerikano

@@ashrithareddy4676 !!!!!!!!!!!

At least he getting shit done.

Good idea!

The Fed is a government entity created by congress. Congress is controlled by the Republicans. They could get rid of the Fed tomorrow. Will they? I doubt it.

Side note great video

Well, since late 2008 the Fed doesn't even care about money supply anymore. It pretty much just focuses on interest rates as the mechanism to control inflation. Problem was they were in denial in 2021 about inflation and didn't take quicker action so now interest rates have stayed higher longer