Trump's Tariff Proposals Could Soar to Great Depression Levels

[@ketosandiego3126]

Well, America decided that we’re gonna have to find out the hard way🤦🏽‍♀️

[@CapitalGainzz]

Guess we’ll see

[@ketosandiego3126]

@ maybe you’re not paying attention but since I posted that comment 4 weeks ago now, there are a number of companies that have decided not to pay bonuses, informing us that they are going to have to raise prices… (Walmart is one), and companies that are preparing to layoff a bunch of people. Please do your research. That information is out there but not on Fox News maybe.

[@CapitalGainzz]

@ perhaps you’re sitting president and vice president should get on that.

[@CapitalGainzz]

@@ketosandiego3126 gosh it sounds like companies prefer maximum profit over the Americans making living wage doesn’t it. Does your research show that board members and executives are going to get laid off and lose the bonuses as well?

[@ianprobasco507]

Get ready for massive inflation.

[@GeorgeTropicana]

Massive inflation only comes from Democrat presidents , try again dork

[@maseratimitch2024]

Actually history tells us that tariffs have protected American production and safeguarded the US from price hikes. You took McKinley’s quote out of context, which wasn’t even the most irritating thing in this video, but McKinley used tariffs as a response to remain competitive in a blossoming and revolutionary agriculture industry at the time. A small percentage of farmers were effected due to their unwillingness to evolve, but the majority of farmers were able to reinvest their resources into new technologies and to create a more robust supply chain. The result? More production and more supply. The minimal and temporary price increase on produce dropped as there was a sustainable abundance. By relying less on imports, farmers and the agricultural industry in general grew and created white space for technological developments in other industries, at the same time, allowed for a cost controlled market.

[@Farmer_El]

Let's get even more real. 50+ years of corporate taxes and over regulating businesses drove them to other countries while the US allowed cheap foreign goods to flood American markets causing American manufacturing to shrink dramatically.

[@communityband1]

Don't look at international trade as being a bad thing. Trade is fundamentally always good. We do it when we perceive that the thing we're getting is worth more than the thing we're giving. And there's nothing magical about national borders that changes this. Would we be richer if the state we live in traded less with other states? How about if our towns restricted trade with other towns to keep more of the money internal? For that matter, why don't we all only trade within our families and with people we know, just so we can track how the money returns to us? We're not worse off just because our economy has adapted to favor its own strengths and leverage the strengths of other nations' economies and infrastructure. Technically we're doing more manufacturing today than at any point in our past. Automation is a big part of that. But it's also true that our economy has largely become service based. And that's a very good thing, because manufacturing as an industry is very susceptible to automation, making it not at all something that we want to be dependent on for labor.

[@Farmer_El]

@@communityband1 Trade is good. Allowing Japanese auto makers to flood the market with their cars that were sold well below cost to gain a foothold didn't help the industry. It didn't help when they did the same thing for Korean cars. Don't even get me started on the super cheap and junky electronics from Japan prior to the 1980s. Then granting China Most Favored Nation status for trade - even after Tian An Min. Then NAFTA - Ross Perot was right - that giant sucking sound further crippled us.

[@communityband1]

​@@Farmer_El NAFTA was generally positive for us, and while it did create job losses in some industries, they were more than offset by more generalized gains. And the US has done its own share of special industry protection through tariffs and subsidies. Where Trump has really gone wrong is in abandoning multinational approaches to combatting bad trade behavior and instead moving to one on one. Chinese companies worked around him. And China's government jumped at the opportunity to replace the US when we backed out of the TPP.

[@rett2184]

Your leaving out a lot. America was the richest in proportion that it’s ever been in the 1890’s to the point where they didn’t know what to do with all the money. And keep in mind, that’s before the income tax system.

[@quinnfeezor7280]

No the manufactuters were rich normal people were dirt poor working a min. of 12 hours a day.

[@Narutoo2006]

no theyre rivher than us​@@quinnfeezor7280

[@jody1873]

They shifted all our jobs out of the country im cool shifting some back.

[@communityband1]

Look at the studies. Trump's tariffs shifted jobs away. It's not so hard to understand when you look at an example. Trump imposed tariffs on steel. For every 1 steel provider job that exists in the US, there are 80 US jobs which _use_ steel as an input for the things they make. The steel tariffs raised prices on all of those companies.

[@techsuicide]

@@communityband1screw the studies. I actually do real business. Real life overrides studies

[@provehitocobalt]

That's not how it's going to work

[@Introverted100]

Yes let's scoop up those shitty jobs we already have a fuckton of.

[@10000years]

Good luck getting the Temu/iPhone assembly jobs back. We didn’t know you wanted to sit down for 18hrs a day for .80cent per hour

[@mzk123ify]

Hmmm...Canada just imposed 100% tsrrifs on EV cars from China....

[@stupidduck3200]

Canada? The one that you guys keep saying is failing? That Canada?

[@FoxxStar77]

Canada also gives tax breaks for manufacturing plants. Yet free trade is hurting us.

[@Spiral.Dynamics]

Canada should be making their own ev but they let China lead the world on this because they will not bite the climate change bullet.

[@ninamatthews8747]

A tariff on a type of car most people can’t afford anyway is not a blanket tariff of 60% on all Chinese imports.

[@BT-hk2co]

@@stupidduck3200So are you saying tariffs are good, since y’all want us to be like Canada so much?

[@Drunkenbotanists]

Trump derangement syndrome

[@SaderabinGaming]

Yea this is so true which is so horrifying

[@GeorgeTropicana]

Lmao don't act like you have a clue how any of this works 🐒

[@chrisolivas86]

The world is having issues with the election having some countries prepare for the U.S increase in Tariffs that could hurt their economy. The plan to increase revenue due to Tariffs did not work after the great depression, so it's a gamble to try the same plan again. I just remember in Trump's first term he increased Tariffs and made some product prices skyrocket such as with avocados, which, as the speaker said were retaliatory Tariffs. I guess a majority voted for this plan again, hope it works this time. 😅

[@anewf8724]

And all those trump cultists think their going to be safe from trumps decisions 😂😂

[@timjakubek8100]

Lol woke tax foundation

[@kjahmbanso]

😂you funny

[@stupidduck3200]

Wow, "woke" really is just starting to become the new "communist" buzzword huh? Like I'm sorry if you don't like it, but facts don't care about your feelings. It is a gamble.

[@kjahmbanso]

@@stupidduck3200 it’s only facts when it actually happens because using old data isn’t a sure thing for the future

[@sanskaarkulkarni1036]

Ah yes. A fiscally conservative, free market think tank is woke because…. They support low taxes?

[@Narutoo2006]

​@@stupidduck3200no its not china took your jobs and you still think that is a gamble such a looser sry

[@BT-hk2co]

But didn’t it get us out of the depression, so what is your message?

[@Narutoo2006]

No it's not true because we dont start commercial wars china and canada start it go study kiddo

[@georgeortiz7958]

Fake news

[@stupidduck3200]

"I don't like it so it's fake" is MAGAs slogan at this point

[@communityband1]

Trump is telling us to ignore the experts and use our common sense. Let's do it! First, common sense should tell us that this kind of advice is suspicious. Second, common sense should tell us that when American importers are forced to pay a tax to our government, they have to get that money from somewhere. So common sense should lead us to conclude that they pass the cost on to the people asking them to import something on their behalf. "Oh, you want this? Okay, pay the tax for it, because we're not going to pay it for you." It's common sense. Don't believe it? Ask yourself this. How much sense does it make that a 100% tariff would be paid by a foreign company? What... we think they're going to give us the product for free? Because that's how Trump is telling us they work...

[@mdiesel23]

What's fake about it? You as a consumer pay for the tariffs. Inflation is already going up, it just adds an extra layer of strain on the average American. China makes a alot of regular goods. Manufacturing will never come back to the U.S., the U.S.D. is to strong against other currencies. Which means it's cheaper due to the exchange rate for U.S. citizens to purchase foreign goods and more expensive for foreign countries to purchase U.S. goods. So the foreign customer just go for cheaper options. Furthermore, China is a huge market. They can just as easily place tariffs on U.S. goods.

[@communityband1]

@@mdiesel23 That reserve currency thing is something to start telling other informed people about. Nations are watching this tariff situation closely. They expect them to potentially destabilize our economy and make the USD unattractive for holding their money. Some are already shifting away from it. It's really pretty scary. We really need to prevent these tariffs.

[@mdiesel23]

@@communityband1 U.S. reserve currency isn't going away anytime soon. It's the backbone of global trade unless another currency comes along that can replace it. It's not going to be in the near future.