With Tariffs, Leftists Suddenly Understand Economics

[@RomanianTvee]

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[@fearthehoneybadger]

If the left-wing understood economics, they would be right-wing.

[@jesshorn257]

the left doesn't understand all of human nature that is why they can't understand economy

[@nubbyboah]

That would imply they aren't parasites who know they would suffer under a free market, and thus want communism to support their meaningless lives.

[@Microphunktv-jb3kj]

They do understand , but they are corrupt and immoral and milk everyone. American 70% wealth is in the hand of the leftists.. what are you saying . You sound slow , no offense.

[@roncrudup2110]

Facts! Even when I considered myself to be more left leaning I always knew that I was fiscally conservative. Progressive economic policies are usually bad. Now I definitely do not consider myself left leaning.

[@tomi213]

Right-wingers are equally ignorant. For example the modern libertarians that want to larp as classical liberals, peddle tax policies that are 180 degrees of what the classical liberals wanted. Libertarians want to abolish property taxes and only tax sales, while the classical liberals wanted to tax land values. The end result is that the biggest beneficiaries of abolishing property taxes is the big land owners and banks. To add insult to injury the absentee landlords can live in different country and thus pay almost no sales taxes. Government uses taxes in two ways: they waste the money or they increase land values(infrastructure and services). Thus the libertarian policy is actually wealth transfer from workers and entrepreneurs to the idle landlords and bankers.

[@grillmaster95]

Swap the word tariff with taxes, and these people short circuit and say that the company is who will be paying the taxes, not the consumer

[@kyubbikcat2281]

Which is funny because that’s EXACTLY what tariffs are, *TAXES.*

[@BrutusAlbion]

@@kyubbikcat2281 They are but it does matter at which point of the production chain you actually enforce taxation.

[@dra6o0n]

Tariff is important, but so is competition. So they should reduce the entry for grassroots to start up (with no foreign influences helping them) to compete. Your local machine shops and indie businesses needs to thrive again, so is those mom and pops shops.

[@GeoFry3]

The Consumer is always the one who pays the tarrifs/taxes.

[@dra6o0n]

@GeoFry3 The consumer is also the one talked into and hyped into buying needless and useless goods.

[@lawz7787]

Lol the moment people won’t buy a shirt for 50 dollars coz of tariffs, companies will start thinking, “maybe we can lower the price if we make them in the USA where we won’t have tariffs slapped on top”

[@chelfyn]

Thing is, the shirt didn't cost $20 from china, it cost $1. Maybe you can't have $40 T-Shirts without slave labour.

[@OtherDalfite]

​@@chelfynright. It really comes down to leftists being okay with modern slavery for the sake of a low price. And the only person who really wins is the company owner raking in the real dough

[@rwberger6]

A better example would be something like the lumber industry. Those wooden 2×4 you buy? The wood is chopped in one country, shipped to another to use their ports, where it's put on a ship to china to be processed into lumber, where its shipped back to the port country, where its sent back to the country the tree was chopped down in to be sold in stores. The reason all the processing can't be done in the original country is because there are so many taxes, fees, and regulations that it somehow works out cheaper to ship it across the entire world just to cut it up and then ship it all the way back. So the solution is to de-regulate and threaten tariffs to scare the processing plant into reopening within the country again.

[@lawz7787]

@@chelfyn one dollar to have the shirt made but you still need to consider logistics and manpower costs. Sure you can stack them shirts up in one container but shipping them to the USAstill aint cheap

[@janehrahan5116]

@@rwberger6 The admin in question also wants to lower native taxes and regulations.. so yay.

[@soldio4143]

"Trumps dumb doesn't know how to business or economics!" ...Meanwhile his opponent was handed 3 times more campaign funds and is now 20million inndebt.🤦

[@andrewschnatter4338]

Not to mention she spent that in only 3 months of campaigning ffs Trump had far less and made it count and last over 4 years of campaigning

[@Rebelnutt]

OOF

[@doomtrooper3184]

Wasn't it somewhere around 5 times?

[@-WarCriminal-22]

Are you still surprised by that? They kept doing it for a decade now

[@hydronpowers9014]

How long before Trump bailed her out? 😂

[@defectiveindustries]

They understand economics about as well as they understand science

[@bigdot2355]

*psuedo science

[@Tim_the_Enchanter]

Not science. The science.

[@Wendeta-hq2cp]

@@Tim_the_Enchanter TM. The TM is important.

[@Sceptonic]

​@Tim_the_Enchanter trust the science 🤪

[@OptimalToast]

Rings true here in Australia. They can't define what a woman is, and can't stop us from slipping in to a recession.

[@silentnight3192]

So don't buy them, then they will make it in America and sell it for 10 dollars! 😮

[@Wendeta-hq2cp]

Worst case scenario, it's sold for the same price but production costs less, which would mean more profit for the company without us being hurt by bigger prices (plus the profit boost might lead to salary increases as well). Even then its a win-win, since while we want affordable goods, even prices stagnating is good.

[@andrewdrednaught]

With us labor laws - probably will be more costly.

[@lainiwakura1776]

@@andrewdrednaught And then the employees get paid more and the prices don't hurt so much.

[@andrewdrednaught]

@@lainiwakura1776 doubtful, but we'll have a chance to see it with our own eyes.

[@Wendeta-hq2cp]

@@lainiwakura1776 And even then, the issue that andrew points to is another obvious one: labour laws in the us need reform. Badly!

[@familhagaudir8561]

They gloss over the part where those shirts can now be made in the USA so people here can have work, thus money, to buy shirts made in USA.

[@haraldbredsdorff2699]

I honestly would not be surprised if they are unable to even imagine it. After all, that is how they look at extra help for farmers, that they think can only be done by illegal migrants.

[@linusgustafsson2629]

Until Trump seals the deal, at which point the tariffs are removed, and your local company in the USA shuts down. Economics are quite difficult so I am sure not everyone will come out on top even if some things improve.

[@haraldbredsdorff2699]

@@linusgustafsson2629 Their are two alternatives. Either the tariff is there to make the country change, where they will or USA will buy from somebody else. Or, you have the jobs, that Trump want to move (back) to USA, where the tariff stay and never change.

[@TheWutangclan1995]

On top of that the quality will actually be decent enough that it doesn't rip in 20 washes.

[@HaggisMuncher-69-420]

@@TheWutangclan1995 Are you just pretending that American made is better or something? Have you seen the build quality of houses lately? They give China's tofu dreg a run for their money.

[@jjohnson3469]

They don't ever understand that if you tax a corporation, the corporation raises prices too, thus the buyer pays more...

[@BrutusAlbion]

That depends more on whether there is a lot of competition. If there is plenty of competition than there isn't a lot of wiggle room to adjust prices upwards and the profits of the company will be reduced while taxes increase. If there is a lot of wiggle room for companies to adjust prices without facing competition they'll just increase prices but this will encourage more players to enter the same market increasing competition in the long term.

[@dra6o0n]

You encourage independent sellers that aren't corporations, to compete.

[@garytsang5673]

It appears that way because vee (incorrectly) use 2x mark up between buying price and selling price, which is not nearly correct. Standard mark up is 10x. Meaning retail price of a shirt is USD 50, the brand pay Chinese factory USD 5.0 each. Now 50% tariff force the brand to pay USD 7.5 instead of USD 5.0... As you can see comparing to retail price of USD 50. It is not really that bad. HOWEVER, it drastically makes made in China product way less attractive compare to other country of origin like Bangladesh. TLDR: Tariff hurts China WAY MORE than it hurts American consumers.

[@dra6o0n]

@@garytsang5673 Correct, China has influences in the chinese community in North America to push a counter narrative too. They would not want a tariff and would scare the Chinese population with threats to their overseas family's bottom line.

[@bushy9780]

If price is too high, I don't buy. Demand goes down, price falls. I consider buying at lower price. basic intro econ 101. Sale volume goes down, decreased economy of scale > less barrier of entry. America got rich off of tariffs, we had an industry and that industry is the only reason we won world wars. Imagine heading into ww3 with no industry.

[@JoeLikesBlue]

Even with this low level comprehension of tariffs, they refuse to acknowledge how much more money citizens will be making as well. Suddenly they do not comprehend economics anymore once again.

[@JoeLikesBlue]

Time preference is key

[@Tential1]

They also admit, they prefer outsourcing to slave labor

[@samuelsparling878]

They totally miss the point that now the company buys Made in America shirts for $29ea, sells them for $49 and suddenly a bunch of your neighbors have jobs.

[@bewawolf19]

I'd love for them to argue that sales taxes are just taxes on the consumer now!

[@attilaedem101]

@@samuelsparling878 oh, no, they perfectly understand money extraction, they just hope you didnt notice how they are milking everything out of the US before heading to the next "economic zone".

[@nickjohnson410]

The same person that wrote this probably thinks the Federal Reserve is a good thing.

[@PunishedBrak]

B-b-but they don't own us, just because we owe them 32 Trillion, we can always borrow more, you just don't understand muh Ekonomiks ™

[@MWH12085]

Or is in the pocket of foreign interests. This was the case in the years prior to the Income Tax being enacted.

[@xray606]

As a business owner/manufacturer... Yeah, I took a hit with the tariffs on parts from China. But I was willing to do it, because in the long run, it will pay off. I try to produce products made with US parts and materials as much as possible, but unfortunately it's impossible in some cases. But I try. The claim that imports are "cheaper" is a myth. Look into how much tax money is put into the infrastructure surrounding the shipping of imports. The railroads, the ships, the harbors... It has been trillions. A lot of people also don't realize that America is used as a land bridge to avoid Panama fees. So a lot of that rail traffic that enters West ports, doesn't even destinate in the US. It goes all the way across on trains, gets put back on ships, then goes to Europe. So that "cheap" t-shirt may go: truck>train>ship>train>ship>train>truck>store. A t-shirt that you could literally make down the street from where it's sold. And these are the same people that rant about carbon footprints. But Trump could come up with free energy, and they'd S on it.

[@ArticulatedHypernova]

This is unbelievably true. So many costs are externalized and hidden in government spending. Not to mention the regulatory burden placed on local production.

[@thomgizziz]

WTF are you on about? You didn't have a choice on the tariffs and they aren't on everything, stop acting like you took the hit rather than move to cheaper alternatives when you could. Shipping still happens all over the US and that trillions is going to be mostly for domestic infrastructure the ports are one small part of that. No people aren't moving things into the west or east and then across the coast for way more money than a toll at the canal would be, pull your head out.

[@xray606]

@@thomgizziz Look up 'North American Land-bridge' genius. You're a complete tool.

[@hckr_-gh7se]

i love how you are just stating your lived experience, and the moment it goes against the narrative, now all of the sudden you have your head up your a**.

[@daral9217]

@@thomgizziz Nope, between fees and just the utter bottle neck of trying to move ships through the canal it is in fact cheaper and can be faster to off load things in the US, ship by train and load it on a different ship. It sounds insane but that is the truth of the matter.

[@Egg_of_the_King]

Getting rid of federal income tax, as Trump proposed, would more than offset the increased costs from tariffs.

[@rwberger6]

If Trump got rid of federal income tax he would go down as the most popular president in history. Sadly it will never happen, congress will never approve a tax plan like that because income tax is where a big portion of tax revenue comes from for the government.

[@darthbrooks4933]

There is no “increased costs” from tarrifs, these people just don’t understand how tarrifs work and they’re a managerial tool

[@LoneWolf-wp9dn]

dont hold your breath

[@falcongamer58]

​@@darthbrooks4933 but tariffs do increase the cost of foreign goods

[@hosmerhomeboy]

And be greener too. You'd be taxing consumption (of imported goods) and not taxing working. It will lead to more working, and less importing crap!

[@nilpointfive]

I think that’s one of the things the establishment hates most about Trump, he gets people to pay attention to politics.

[@theravenousrabbit3671]

No, the tariffs will create competition in the shirt market again. With China being unable to use slave labor to leverage companies and consumers, they will shift their production and purchases back to the states and use innovative processes. If you can't use slaves to make your products, you have to innovate. This is the reason why the romans never had an industrial revolution, but the British did. The british outlawed slavery, and voila. Almost instantly you had the industrial revolution in pursuit of better economic gains. Yes, t-shirts might temporarily become more expensive, but pursuing efficiency, companies will want to avoid the transport and bribery costs associated with chinese production. With Chinese wages going up, instability in shipping, a lot of companies are divesting from China because the margins have shrunk something fierce. Tariffs will bring back production to the States, in order to drive down costs. If China keeps using slave labor, the economy will stagnate. Innovation will slow down to a crawl, and your prices will keep going up because of inflation. Leftists still don't understand economics and they never will. If you force competition, competition will bring in more advance production methods every single time. Because the motivation to become rich, famous and higher class will always be there.

[@Wendeta-hq2cp]

That and the workers also buy the products they produce. This is why British cities saw massive economic development during the industrial revolution. That economic development meant better tax returns without the need to increase taxes (shocker, I know) which were in turn invested in infrastructure (primarily residence) which made the life of the citizens better since they now started to benefit both from products and the infrastructure.

[@treelineresearch3387]

Tariffs are also a bargaining chip and can be used to get other countries to lessen THEIR tariffs on OUR products, so we see more export demand from foreign countries. I think this is really what T is going for with tariffs, working business deals that are more favorable to America. Right now everyone is slapping tariffs on our stuff while we're still allowing them to export to us with low or no tariffs. The asymmetric nature is the problem, and tariffs are one way we can start making trade more fair to us.

[@rwberger6]

Honestly if he puts tariffs on China all that will happen is the factories relocate to vietnam or india.

[@treelineresearch3387]

@@rwberger6 They've already been doing this for years with commodity stuff like clothing, China's big advantage is not so much their labor rates but their higher-end automated fabrication lines. They're a lot less competitive in labor-dominated stuff like clothing sweatshops than they were even 10 years ago, a lot of Chinese would rather "lie flat" than work sweatshop jobs that they know offer them no better a future than scraping by doing odd jobs for the wealthy.

[@lowlandnobleman6746]

Don’t try telling lolbertarians about the benefits of tariffs. They WORSHIP economic freedom and the free market as a literal god entity. You’re not getting through to most of them.

[@therealfriday13th]

The part they're missing: "Another American company makes an identical shirt for 45 dollars, and is untouched by the tarriff. It is still sold for 45 dollars after the tarriff."

[@bushy9780]

and Americans get jobs. Leftists don't like work, so they don't see that as a positive

[@thomgizziz]

The part you are missing. "Vietnam already makes the shirt for less and they aren't getting tariffs, nothing changes there"

[@RobertMorgan]

How about the reverse, a domestic product discount. The US shirt is $35, the vietnamese shirt is $33, the Chinese shirt is $30, but if you buy the US shirt in the US it is $29.

[@gitamic2287]

@@RobertMorgan And who pays for that $6 discount?

[@Parcha64]

No one, the goods just aren't being shipped over seas.​ There is one less step in the process that you don't need to pay for. That's the appeal of domestic. It could cost more to pay the workers in the US, but distance traveled narrows the gap considerably. @gitamic2287

[@Tim_the_Enchanter]

They left out the part about how you have more money in your pocket to pay for the shirt because the government is no longer stealing most of your paycheck.

[@ConsueloWubba]

Yup

[@BuetifullPersun]

Would have been better if gov didn’t threaten to steal property every year instead

[@thomgizziz]

They will be though. This doesn't stop the states from taxing you. This doesn't stop regressive taxes that tax poor people more than rich people like sales tax, property taxes or all governmental fines. You don't want tariffs getting rid of income taxes you want it to be getting rid of sales taxes and property taxes and for fines to be based on income. Sin taxes are also questionable.

[@Born_Stellar]

@@thomgizziz explain how sales tax and property tax hurt the poor more than the rich? rich people buy more stuff, so they pay more sales tax rich people have bigger houses, so they pay more property tax. and you want to get rid of them but keep income tax, despite the fact that many rich people don't even pay income tax, but every poor person with a job does? please THINK for a second before you keep spouting this nonsense. THINK THINK THINK!!!!! does Elon Musk pay income tax?????? Does Warren Buffet???? NO!!! but Jimmy the garbage man has 35% of his pay taken by the government! seriously the amount of incorrect info you are spewing as if its true is mind blowing. only an undercover federal agent would actually post your comment unironically.

[@iiisaac1312]

erm, you're getting representation sweaty. no refunds! just ignore those dominion voting masheens.

[@Zetact_]

For all the Left loves to talk about historical slavery.

[@lainiwakura1776]

They only know how to project, don't forget this.

[@jesshorn257]

"it's a good thing the factories have jumper nets to prevent self deletion...we need to make shoes"

[@ConsueloWubba]

Lincoln didn't free the slaves, he made us all equally tax slaves.

[@bushy9780]

They also don't realize they are slave to consumerism/hedonism.

[@robertbeisert3315]

They focus on your hypothetical sins to distract from their very obvious ones.

[@Techgunius]

Whenever their against you, they will twist the thing you're for to be against you.

[@electricpaper269]

Why can’t they see the same thing about corporate taxes.

[@shadowsniper9542]

Because it's not politically convenient for them. And the party bigwigs don't say anything because their party receives a lot of funding and support from foreign and international corporations that benefit from this arrangement.

[@MWH12085]

Mostly because they're proxies for foreign firms and/or governments.

[@bushy9780]

because once a year they put 🏳‍🌈⬛ 🏳‍⚧ on twitter

[@thomgizziz]

For the same reason you aren't bringing up the fact that just putting tariffs on china won't do any good and another country will just take its place, china will move manufacturing to a neighboring country or some shenanigans will happen where china just moves their product through a neighboring country.

[@shadowsniper9542]

@ There are ways to get around that, such as tariffing certain goods collectively or tariffing multiple countries at a time. Short of a blanket tariff, there will always be loopholes to exploit. But the point is that tariffs have the mother of all loopholes built in: manufacture in the U.S.

[@CubanWriter]

The benefit of tariffs is indeed to make native manufacture competitive with cheap imports made by underpaid exploited laborers.

[@debanydoombringer1385]

Something the left constitute complains about. Reason would imply they'd be for them rather than against them.

[@garytsang5673]

Unless you blanket tariffs ALL foreign country. That is not going to happen. Especially on mass produce, polluting, and cheap products like garments. Because your shirt would just be made in Cambodia, Thailand, Bangladesh, etc...

[@ryanalving3785]

​@@garytsang5673 Tarrif any product made using slave labor, regardless of source.

[@TheBayzent]

@ryanalving3785 Except Nvidia cards. F*ck paying 1k for a new graphics card unless Trump also removes minimun wage and has Americans building them for cents.

[@robertbeisert3315]

​@TheBayzent we're still years away from that capability, thanks in part to absurd regulations. That Samsung plant in Texas that's like two years late? Waiting for enough local female construction workers or a government waiver.

[@Aliksander54]

This is only the latest example supporting what I realized years ago: Our enemies aren't stupid. They are evil.

[@thomgizziz]

Does that mean you are evil when you minimize the negatives of things or ignore the negative side of things when it is your side talking about it? Because that is what people do, they don't accurately depict the possible downsides of things that they agree with.

[@Aliksander54]

@@thomgizziz I'll wait to see what example you have of me doing that.

[@MK_ULTRA420]

​​@@Aliksander54"M-muh transes! Muh 42%!" Is probably what they have to say lol

[@camil3545]

Still stupid since they are only considering the most surface level aspects of the subject matter.

[@robertbeisert3315]

Stupidity is another evil.

[@thetapheonix]

That’s a very simplistic understanding of tariffs. Plus they worked for over 100 years before funding the federal government but they won’t acknowledge that. Nor will they explain that workers will make more money as manufacturing in America would return and make made in America products cheaper than tariffed products. You can also just buy American and avoid the tariffs entirely.

[@Wendeta-hq2cp]

it would lead to both salary increases (since workers not properly remunerated will not accept to work) and lowering prices (since the transportation cost will be much lower). It would technically even be better for the climate, but I bet ya the left won't even think about that lol.

[@thomgizziz]

Only if you tariff everything. You cant just tariff china because china could just make factories in another country and get past the tariffs or other countries become the new cheapest place to make things.

[@Jet-ij9zc]

They also ignore that the tarrif also come with a reduction of income taxes (trump even entertained the idea of removing income tax entirely)

[@GodOfOrphans]

Perfect timing my leftist friend sent me this copypasta earlier.

[@jellybiscuit]

Not once do they even consider the idea of not importing their fast-fashion.

[@garytsang5673]

Do you really want that? I have seen rivers in China in rainbow color, and that is not because of pride month.

[@Parcha64]

That would shatter their utopian wet dream where no one (in America) works or owns property.

[@WardenWyrd]

For the longest time, you heard Democrats say "increase corporate taxes on companies" and if you replied "the companies will just pass on those increased costs to the consumer" you were called an idiot. Now, magically, increased costs to a business will result in increased prices?! Funny how that works 😏

[@absolutezero2496]

But they leave out that under their taxes the companies will simply go to a cheaper country as there's no "punishment" for doing so. Tariffs are essentially the "punishment", especially for American companies, to not leave America.

[@meh2972]

Corporate taxes are _after_ profit so that's doesn't increase pricing.

[@jgrif7891]

​@@meh2972 which is why corporations cook the books so they lose money in America and make billions in Switzerland. Our politicians aren't smart enough to write legislation to get around the inherent ambiguity of fiat currecy.

[@soulie2001]

Yes it does, because they will punch the numbers for the year and raise prices accordingly.​@@meh2972

[@Born_Stellar]

@@meh2972 explain then, why a company would not simply increase prices in order to end up with more money? say they sell something for $10, making $5 profit. taxes on that $5 is $1. so they actually make $4. if you come along and increase the tax on that $5 to $2, is the company going to go 'oh no, thats so sad, I guess we will make less money', or do they just charge $11 for the thing so they still make $4? and actually, you don't even need an increase in tax for companies to increase prices to consumers. increase the price of anything, IT GETS PASSED ON TO THE CONSUMER.

[@PleiadesChannel]

They understand tariffs now, but cannot see a similar pattern for taxes and fines?

[@adamlowe8822]

To be fair at least income taxes can adjust higher for richer people tariffs usually don’t work that way

[@bushy9780]

but they don't understand either

[@thomgizziz]

@@adamlowe8822 blanket tariffs are a net good for a country, income taxes can be put on a scale. You should really be worrying about sales taxes and property taxes and the like. Those are the things that really hurt poor people, regressive taxes are bad. Fines are terrible too. $1k is nothing to a rich person but will break a poor person.

[@adamlowe8822]

@@thomgizziz you for the most part agreed with me

[@adamlowe8822]

@@thomgizziz I literally said that income taxes can be progressive so I was saying they’re arguably the least bad tax

[@Mark3O9]

Yes, but then when American made shirts costs the same as China made shirts, people will instead buy the AMERICAN shirts, keeping the money WITHIN the AMERICAN economy instead of going overseas. When AMERICAN businesses start competing with one another, prices then DECREASE, making American goods more affordable than Chinese goods. The feedback cycle continues and the AMERICAN economy grows.

[@Wendeta-hq2cp]

That and as the production comes home, the prices will decrease because the production will increase as well. The supply will meet the demand and exceed it, leading to lower prices.

[@debanydoombringer1385]

Not to mention shipping costs for them will decrease causing even more decrease in price because they're not coming from over the ocean and then shipped all over the US. Also quality will also increase. Take Levi's for example. None are produced in the US anymore and their reduced quality shows it. There is ONE stitched in the US and they're $150+ because the quality of the stitching makes them closer to original quality. The last plant closed in 2003. An iconic American brand has little do with America anymore.

[@Wendeta-hq2cp]

@@debanydoombringer1385 Also the leftos will ignorethis fact, but transport via sea is more poluting, technically, which means that it would speed up ClIMaTe cHAnGe!

[@BVidwatcher]

@@Wendeta-hq2cp yap less unnecessary transport costs of resources to be converted into products will mean that all those groups that demand greener efficiency will also get their CO2 cuts.

[@HenriqueGdeC]

or american business will increase the prices/reduce the quality since they have less competition

[@MasterXy3911]

Amazing. And what happens when we continue this flowchart? People buy less of the shirt because its more expensive? The shirt that doesnt increase in price because it didnt have a tariff sells better, encouraging more domestic manufacturaing over overseas manufacturing? Crazy!

[@gregvanpaassen]

Went wrong right at the start. It's "American company imports shirts for 1 dollar apiece. American company sells shirts in store for 40 dollars apiece." (The rest is trucking, retail packaging, store rent, advertising, wages, taxes, insurance and profit.) A fifty percent tariff means the cost goes from 1 to 1.5 dollars and the price in store goes to 43 dollars. Which is still a price increase but not as bad as the author of "Tariffs by a Dummy" tries to make out. It just means slightly fewer shirts sold, and slightly more haircuts and restaurant meals sold.

[@vewyscawymonsta]

Oh noooo, companies will have incentives to manufacture things here or get them from an allied country instead of an enemy nation. Oh nooooo.

[@v13r3r]

The biggest problem with their fear is that they assume China is the ONLY supplier of goods when theyre not. There will be a momentary price increase but the market will adjust and normalize. Theres nothing in China that India, Bangladesh, Vietnam, South Korea, Mexico and Taiwan can do for cheaper and higher quality.

[@devlinX]

They tried making iPhones in India. Didn't work out so well.

[@seanmarkham6965]

And we have already begun that shift. I work in aerospace, we are explicitly not allowed to use products and materials that come from China because of all the reason Trump mentions. National security, poor quality, slave labor, etc. And that rule comes from the federal government DOD and FAA. The hypocrisy is astonishing.

[@v13r3r]

@devlinX your info is outdated by several years. Apple released the Iphone 16 (including pro series), made in India, 2 months ago globally. If that means making phones in India is bad then I don't want to hear what you consider good

[@devlinX]

@v13r3r The point of tariffs isn't to empower India over China. It's to bring jobs back to the US.

[@v13r3r]

@@devlinX ok... wasn't my point either...

[@pilotofacanofbeans]

It's to make American shirt manufacturers more attractive than foreign shirt manufacturers. How the fuck is this so difficult to understand?

[@hurricane1nox]

they define economics like they define women

[@garoyse]

What is a tariff?

[@bullmoosevelt4495]

@@garoyse”A tariff is someone that identifies as a tariff and feels like a tariff.” - A liberal (probably)

[@hurricane1nox]

@@garoyse whatever you want it to be

[@JodyBruchon]

Funny how they left out the part where the company switches to domestic production and the price only goes up a little bit.

[@Maddog3060]

America's greatest age of prosperity and security was when we still made our own stuff. We can have that again. We WILL have that again.

[@bushy9780]

literally the ONLY reason to vote for Trump, despite being socially Liberal. If Trump doesn't follow through on promise, this nation is doomed

[@HarupertBeagleton-dz5gw]

Their example only works if there is no competition for the product being sold. If there is competition, the product with the tariff loses it's competitive price advantage. China skirts regulations, subsidizes companies and uses low wages to give Chinese products a competitive advantage. Tariffs nullify those things

[@baswenmakers6846]

That poster is correct about 50% tariffs. You have to make it 200% tariffs to make it effective so it punishes countries and companies who depend on slave labor.

[@jesshorn257]

at that point you have an embargo

[@debanydoombringer1385]

​@@jesshorn257 No. They can still produce and make their product available. It's up to distributors if they buy it. An embargo means there is no option to buy it at all. An embargo wouldn't allow the company to open a manufacturing plant in the other country either. To remove tariffs the entire product doesn't need to be made in the other country either. It can simply be assembled there like we currently do with cars.

[@jesshorn257]

@@debanydoombringer1385 thats fair... but I have a hard time seeing 200% tariff being easy to work around if you levee a 200% against an entire country econ

[@baswenmakers6846]

@@jesshorn257 200% on a slave produced item is still not that much. Now they have to compete on quality and they will lose that.

[@bushy9780]

look at the massive mark up difference between Amazon and Temu. 200% is barely scratching the surface.

[@noneya7018]

The thing that I consistently see overlooked in this conversation with Libs, is how many tariffs China has on OUR products. They always seem to gloss right over that major fact.

[@Born_Stellar]

and china DIDN'T collapse? 🤣

[@DuoMaxwellDS]

I'm amazed at how American has no concept of "cheap local goods" that every country is promoting.

[@rwberger6]

Because over the past 40-50 years our politicians have sold out like 90% of our manufacturing to China. We have an entire generation that grew up thinking that the only way to make something cheap is if its made in China without realizing how much money that actually sends out of the US market.

[@ianwebb8066]

you conflate what you see with the silent reality most of america is rural and are mostly local shops

[@rwberger6]

​@@ianwebb8066Local shops selling imported goods...

[@Thetiredpotato11]

Used to. They politicians passed laws that give companies tax cuts and stipends for importing goods. One was to foster trade with Mexico, another to reduce America’s carbon footprint, etc

[@debanydoombringer1385]

When I was growing up buy American was a huge thing. Then we started exporting our manufacturing because the intellectuals envisioned a future where we'd all be office workers. Creating nothing but intangible goods so we'd need everything imported. Plus the push for a "global economy" instead of more centralized ones. This was Kissinger's plan mainly. That through our purchasing power we'd influence other countries. As the pandemic showed us, it leaves us incredibly vulnerable and works the opposite. We need to bring back our essentials at the very least.

[@thatotherguy8138]

Twitter Liberals understand NOTHING of Tariffs beyond the barest basics, and refuse to extrapolate beyond the barest basics. In this scenario, you have to assume a number of things. 1) The product HAS to be made in another country 2) The Importer HAS to pay the same price 3) The Consumer HAS to buy the shirt When tariffs wouldn't work this way in reality, and if they just posted a more realistic scenario, they could make their point even better. 1) The product is manufactured by an International Company already, so that company can simply move production to a country that has a lower tariff 2) The Importer can demand the tariff be eaten by the manufacturer (ie: They won't pay more than $20 per shirt after the tariff is applied) 3) The importer can choose to purchase from a different manufacturer 4) The quality of the product decreases to cut production costs 5) The Consumer doesn't purchase the product at the new price Etc. But the scenario used in their example? If it does happen, it happens for a very short time as everyone involved crosses their fingers and hopes the Consumer simply pays the higher price. And when they don't, everyone involves changes and their scenario simply doesn't continue.

[@Unit-kp8wm]

That isn't even the full list of stupid assumptions that are made. The poster also fails to understand that we could also choose to NOT tariff the import of textiles or even raw components like cotton in order to incentivize American companies to start producing the "shirts" locally instead of importing them in the first place.

[@k_tess]

​@@Unit-kp8wm I swear these people. Tariffs are pure leverage because every work around, including the option NOT to implement it, benefits the US consumer. I don't want to be a member of this species

[@octapusxft]

too many people also do not talk about the environmental cost of importing groceries from the other side of the planet

[@chilomine839]

When you really think about the tree huggers should want goods made at home.

[@disalazarg]

​@@chilomine839scientists have been pointing out that tree huggers should be wanting more nuclear energy rather than less for decades, yet here we are. Fact is, tree huggers don't care about the environment, they just care about screwing over corporations. Even if they screw entire continents over it-see Germany's plants.

[@gallendugall8913]

Their explanation is partial and would be accurate in a closed socialist central economy global society. But reality is you can get products from other places, and if the price spikes too much it just means people who weren't making that product have a profit incentive to compete.

[@thomgizziz]

Awww you are acting like you have this figured out and it is impossible. You can just tariff all the other countries. Bless your heart, you thought you were being a galaxy brain there for a second.

[@SchemingGoldberg]

@@thomgizziz Uh... yeah, you can. Before 1913 there was ZERO taxes in America. The government made all of its money from tariffs. We know that it works, because it did work.

[@recoverme5065]

The moment I hear minimum wage was going to rise, I was shaking my head in disbelief. We have morons who know naught of economics. Why the heck would I believe them about tariffs if they can’t even get Basic Economy down to a T!?

[@MouseDestruction]

Imagine thinking they import the shirt for $20. More likely they import a shirt for $1 and sell it for $40. Yes the mark ups are that insane in the west, it's not business costs or taxes, its profit. They are profiting off you already at the max price they think the public is willing to pay. Why would a tariff put that up? Their models don't show people willing to pay more for it, they can't raise the price no more.

[@yoteawhirl1987]

A country as large as several other countries should be able to make their own shirts.

[@thomgizziz]

"A country as large as several other countries" you do understand that is complete nonsense right? Most countries are the size of several other countries.

[@SeeLasSee]

Actually both Trump and Biden supported tariffs. I’ve long felt that a bulky item should not be transported 12,000 km whenever possible. With this I exclude medicines and microchips and etc. Also, free trade is for the countries that mean you well. It’s a privilege for shared values. There are practical exceptions for historical ruling monarchies, but as suits your needs.

[@Apostate_ofmind]

This person is completely right: the customer pays in the end. This is good: this means the customer gets to decide, based on price, where that money goes. China goods cost more? i will spend my money on locally produced ones instead. Then the law of competition, that now can be properly implemented within the borders, where workers rights are not disregarded to produce cheaper goods artificially, will take hold and the prices will lower with time.

[@RyanGannon-z7m]

We need to just make it illegal to trade with any country that uses slave labor. All that talk about slavery and oppression and we manufacture and trade with countries that do just that, You can't compete with that. No free nation can.

[@thomgizziz]

The US isn't competing with slave labor. The slave labor in china is the vast minorty and pretty much just Uyghurs. Housing, feeding and jailing people isn't cheap, it costs way more to jail prisoners than it does just to give a person money to live. No, just because a person in china is only getting a wage of $200 american dollars doesn't mean that they are slave labor like the talking heads on the TV tells you. They have different money there and while they can't live on 200 dollars in the US they can in many cities in china. Just because you don't understand purchasing power and foreign currency and listen and parrot other people's nonsense doesn't make all that nonsense true.

[@linusgustafsson2629]

These days we don't call it slave labor. We call it giving prisoners a chance to learn how to work and get back into society. Then some countries just happen to lock up people of specific origins for sham reasons.

[@Born_Stellar]

@@thomgizziz dude, dude. just look into companies like apple or nike. they refuse to condemn slave labour, why? because they benefit from it. cheap labour is not the same as slave labour, but you think its just the uyguirs? you think its just china? Slave labour mined the minerals in your phone. Slave labour made your shoes. god I could argue with you for hours but I only feel myself getting dumber. PLEASE DO SOME RESARCH! look up Dunning Kruger effect because you are it! 'Just because you don't understand purchasing power and foreign currency and listen and parrot other people's nonsense doesn't make all that nonsense true.' then what the hell did you watch to learn EVERYTHING???? I don't watch TV, but the difference between you and me is I DON'T PRETEND TO KNOW! but you know everything! you KNOW that slave labour is 'just the uyghurs', you KNOW that factory workers in china aren't exploited because they aren't technically slaves! you KNOW that it costs so much more to live in the US than china because PRISIONS? dude you didn't even know the difference between income tax and property tax 5 comments ago!

[@animalmother9339]

We need to remind people of the over 2,000 retail stores and companies that closed or filed for bankruptcy in 2023,Google the list,it's pretty impressive. They can't get over one tire company closing.

[@conradmills4977]

It's almost like these people never bothered to consider the case of Haiti, before and after Clinton. As much as the place is a meme now, it was a functional agrarian economy until they removed the embargo on American rice. The local farmers couldn't compete with the sheer weight of the American imports, so, they went belly up (and the rest of the nation with them). There is no real ability to change that status quo because the Haitian political class happens to be involved in importing and there is technically enough food to go around. Plus, all of the free gibs the place gets because it's an economic wasteland make it difficult to justify changing that practice.

[@adamlowe8822]

The problem with protectionism is it inhibits competition it’s a big reason Hawaii is so poor because it’s so expensive

[@adamlowe8822]

That law is known as the jones act

[@debanydoombringer1385]

They weren't wealthy before that. Just more self sufficient. Nothing prevented them from growing more profitable crops, which rice isn't really in the first place. Please stop pretending Haiti was some successful paradise once it kicked the French out. That's simply not the case. They've been unstable since then. Multiple coups, corruption, stripping the land of it's nutrients, etc. Haiti is only part of the island. The rest of it has done fairly well. There's a reason for that and it's not rice production.

[@conradmills4977]

@@adamlowe8822 The virtues of competition are only observed during instances of marginal differences in capacity, hence the existence of anti-trust laws. Protectionism works quite well at equalizing the playing field for domestic production, which is always and forever preferred to reliance upon foreign capacity for diplomatic reasons.

[@thomgizziz]

No haiti wasn't some magical land of the noble savage. It was a shithole with a laundry list of problems during the embargo and a shithole with a laundry list of problems plus one after. You are doing the same thing that people do when they pretend that before the white man came to the americas that everybody got along and there were no problems.

[@elsaturnertx]

Adam Smith advocated for use of tariffs in certain instances in "wealth of nations"

[@drunkfarmer5106]

Tariffs are meant to protect local production and businesses, as otherwise the foreign company can just send in dirt cheap products and bankrupt local companies.

[@Lewisfernie]

There are existing trade measures e.g. anti dumping and countervailing duties, but usually an affected industry operator has to raise a case, it's not done unilaterally by a government on behalf of its citizens.

[@Kyle-rq1sr]

Watching Dev mald about tariffs is pretty funny.

[@traviss9059]

Half the point of the tariff is to make it more beneficial to make the fucking thing in America. I work for a car dealership, half the cars we sell are made here and the other half are made in Mexico, Canada, and Italy...why? Cheaper? Move all production of parts and automobiles to America or you get fucking tariffed. Now it isn't cheaper.

[@thomgizziz]

Or it may just be that it doesn't make financial sense to do that and the price of the product just goes up and there is never competition. Don't get me wrong I am on the side of bringing jobs to the US but people in the comments are saying that the left ignores a ton of things to make their ideas look good... but we are doing the exact same thing, there are tons of unintended consequences that people are ignoring because they are so enamored with the idea.

[@linusgustafsson2629]

Of course the other countries will counter tariff. So you better hope you got all your customers in the US, because people won't be interested in buying your expensive products after they have been tariffed.

[@Born_Stellar]

@@thomgizziz you do know they used to make a lot of cars in the US? and cars were cheaper? make it locally, means no tariffs, meaning they can sell it cheaper. your argument is just 'what if it doesn't happen?' why? why wouldn't it happen? like I said, they used to make a lot of cars in the US. look at Michigan.

[@graye2799]

People seem to think trump just wants to implement tariffs and thats it. What they often fsil to understand is that he wants to use them in combination with tax cuts and straight up getting rid of certain taxes and cutting spending to make them work better.

[@Wendeta-hq2cp]

The last one is the big one. He will be cutting The Bloat (TM) which means much less spending

[@garytsang5673]

As a ex-merchandiser between Chinese factory and major brands. The western brand mark up is 10x. Meaning a shirt selling USD 50, the purchasing price is USD 5. The factory knew because price is shown on the hangtag.

[@Edge50199]

Then company realize that making the shirt cost 25 USD in US and moves its production to US. Aside of the regulations, America cannot make currently TVs because all components were outsourced to 3rd countries, Same with mobile phones. There was a company awhile back that want it to make mobile device with US parts only and they figured out it's not possible.

[@onpoint2292]

53 % of our scientists and Engineers are foreign born. America will lose the ability to create anything if they don't being back domestic manufacturing.There is no reason for most kids to want to be scientists in the US. They only see Scientists come up with stuff in University or Government labs. Private companies hide most of their innovations and outsource the manufacturing.

[@cck4863]

US can make TV. Just not the kind you are willing to pay for. Also LED/LCD TV aren't that complex, USA just lack the scale to make it cheaply.

[@thomgizziz]

That literally makes no sense. China can't make phones with only chinese parts they source parts and materials from other places just like the US would have to. The US can literally make TVs. They source all the parts and materials JUST LIKE CHINA and they make the parts that they make in the US and put the TVs together, JUST LIKE CHINA. You don't know what you are talking about. There really aren't many complicated products that any nation makes every single part for.

[@denysvlasenko1865]

Taiwan is the host to the most advanced semiconductor manufacturing in the world. This means ANYTHING with a modern processor inside is partially dependent on Taiwan. There are some fabs in US that are on par (I think Intel fabs are), but they are overbooked already. US has many fabs for *older* semiconductor processes, but making e.g. a phone with processors built on these processes will be unsellable (too slow, too short battery life).

[@Givelasagna]

The left are the same people who thinks raising the minimum wage would allow them to save more money. I guess they never heard the term "The more you make, the more they take" 😂

[@Anon4859]

More likely a textile factory in India or Kenya, owned by a Chinese firm, bids to make the shirts for $10 each while evading the tariff. The only reason they didn't get the bid previously was because the Chinese State subsidised production by 50% while offering free shipping and the ability to ignore the fact they're exporting the contract to the same third world nation who use slave or quasi-slave labour. More manufacturing moves out of China because China hasn't been a cheap labour economy in nearly two decades and the scale that has kept some manufacturing there has been lost as quickly as other poor countries have been able to expand their economies. China continues to try developing a skill based economy, and likely continues to struggle. The actual point of these tariffs is to stop them from getting into the higher end markets they're thorwing trillions at entering. Silicon is already basically forbidden by export restrictions, high end processor bans are preventing the import of western high-end automation technology, with the right push in the right place those third world nations China currently relies on for slave labour can be allowed to develop to the point they can compete with China for scale, while more complex and readily technological production can be brought closer to home. Leaving China stuck in the middle, with a continued drop in low skill competitiveness due to raising expectations of living standard while being unable to compete in high skill markets.

[@hardboiled7467]

To think there's still a lot of people that can't comprehend more than 1 level separation of action to consequence in this modern age... 😂

[@Fabric_Hater]

Problem is the argument against teriffs, that its a tax on the consumer, is identical to the argument against the corporate tax.

[@thomgizziz]

No because that "tax" is also on the manufacturer in the other country... which isn't a US corporation and that changes everything. You don't really think much, do you?

[@Fabric_Hater]

@thomgizziz the argument is exactly the same. That its a tax on the consumer. Youre not saying anything.

[@floydlooney6837]

Tariffs encourage buying things made domestically, which means jobs.

[@mgancarzjr]

_The CEO will just take a pay cut._

[@fwa8590]

Yes, consumer pays tariff in the end (just like taxes). But how about, idk, buying locally? 😂 And since Trump wants to decrease tax (even possibly getting rid of income tax), local products will be much cheaper than imported products.

[@rwberger6]

Even moreso if he de-regulates which will make it cheaper to produce locally.

[@attilaedem101]

and jsut imagine how many new consumer gonna appear all of a sudden, because they can afford, for example, to buy a t-shirt (chinese OR american), because depite the tariffs increasing the price they ACTUALLY have a job now... Their argument only make sense, when the economy have around 1% REAL unemployment (not statistically sugarcoated 1%, but really just 1%)

[@whitehawk4099]

Similar to sales taxes, a type of consumption tax, the tax incidence for a tariff depends on the elasticity of the supply and demand sides of the good in question. So, consumers do not necessarily pay all of the tariff in the end - that only happens in specific rare circumstances, such as with medicines without which the person will die very quickly. This is called perfect inelasticity, as there is no other alternative that a consumer may shift to instead, and they also may not simply decline consumption. In the case of literally any other good outside of this category, at least some of the cost falls on the producer.

[@normoloid]

Domestic shirt 20 dollas, chinaman lose

[@MC-de3du]

There are places in America that used to and maybe still pride themselves in selling 5 dollar shirts. You can buy the shirts at GameStop for $13. The only reason to spend 30+ dollars on a shirt is from some luxury brand that is sadly mismanaged or some charity that needs 10 dollar donations for every 30 dollar shirt.

[@Jake-pk4xe]

Believe it or not, the Federal Government got their revenue from mostly tariffs until just a few decades ago. At least tariffs are a "tax" that the consumer can choose to pay, instead of having your money vacuumed directly out of your paychecks. Plus, tariffs may incentivize producers to produce products within the USA instead of going to Mexico or China.

[@landonsmith2154]

They conveniently leave out the plans to increase manufacturing here in the states.

[@DonVigaDeFierro]

Don't tell them that tariffs are literally taxes.

[@thomgizziz]

They literally aren't. You tax your own populace you tariff external things. There is a reason they aren't the same word and you should stop it with the reductive nonsense and trying to change the definition of words to fit whatever nonsense you wish were true.

[@Calvin_OBlenis]

​@@thomgizzizTell me, how do pissed-on corn flakes taste? Thanks for the laughs bud.

[@SchemingGoldberg]

@@thomgizziz Tariffs are a tax on other countries. Which is a lot better than taxing your own citizens.

[@troublemaker9899]

To be fair to the example, I also occasionally buy a $40 shirt, usually when I am supporting a Patreon somewhere. If you had quality, fantastic $40 shirts, Vee, I might buy them.

[@harkbelial]

90% of screens are made in Turkey

[@MadScientistSid]

American company sells the same tshirt for 20 dollars, you don't give money to trump and china, great success

[@thomgizziz]

Don't give money to trump...? What kind of TDS do you have?

[@MadScientistSid]

@thomgizziz the joke You

[@zamba136]

Most of my shirts are between $50 and $200. I wear exclusively button-down shirts made of nice quality fabrics. I only ever own around 10-ish shirts, and i wear them until they fall apart at the seems.

[@thomgizziz]

NOBODY CARES. Pull your head out your backside. This isnt really a discussion about shirts it is about tariffs... the shirt part doesn't matter it could be cookies.

[@Calvin_OBlenis]

​@@thomgizzizThom. Chill.

[@ianwebb8066]

for reference you can buy shirts with almost any picture for around 5 dollars or packs of plain shirts for 10 dollars

[@Wendeta-hq2cp]

Wow. That post is complete illusion. Allow me to teach people who don't know how tariffs works: Before tariffs: Company imports shirt for 20 dollars and sells it for 40 dollars. Tariffs come in(50%): Company no longer imports the shirt and instead looks at importing it from somewhere else (where the tariff does not apply). If there is no place to import, the company invests in local production, which lowers the cost of the shirt meaning that company pays, say, 20 dollars and still sells it for 40 (this is worse case scenario btw; the price stays literally the same lol) Best case scenario, the prices lower.

[@NoahGooder]

TLDR: tarrif prevents or reduces outsourcing jobs. While also providing income for the country.

[@Wendeta-hq2cp]

@@NoahGooder Correct!

[@rwberger6]

​@@NoahGooderIt also keeps the money circulating within the local economy instead of sending that money out to benefit a different countries economy.

[@cosmicelectron]

Companies don’t import from China because they like it; they do it because it's cheaper, even after dealing with the logistics and taxes. If local production were cheaper, they’d already be doing it. Slapping a 50% tariff doesn’t suddenly make local manufacturing competitive; it just forces consumers to pay higher prices for the same product. The idea that local production will be as efficient is wishful thinking-especially in the short term. In reality, tariffs end up being a tax on the poor to subsidize local industries. Sure, some money stays local, but now the poorest consumers are paying more for basic goods, all to prop up an industry that was already non-competitive. It’s great for factory owners, but for the average person? It’s just higher prices and less choice. If we’re going to talk tariffs, let’s be honest about who’s footing the bill: the consumer. And unless you’re pairing it with significant income tax cuts (which despite Trump's assertions is unlikely), it’s a losing game for most people.

[@Wendeta-hq2cp]

@@cosmicelectron Babes you have no idea what you're talking about lol! xD Local production is not cheap because of how high taxes are. How about cutting taxes? Also how about we don't allow cheap production coming out of *s w e a t s h o p s?* Thought about that? Usually you lot scream about how *bad* slavery is. At least be consistent morally if you can't be intellectually. Oh wait! You people are consistent on neither front! Oops! 😋

[@McMillanScottish]

Raising the price consumers pay or foreign goods does not "steal" consumers' money, it influences a local purchase, or a purchase from a different exporter. No "force" is involved.

[@Jase14aDestroyer]

The whole aim of tarifs is to create jobs at home to circumvent the tarifs. Capatalism hello???

[@athensia443]

Tariffs (assuming your country has enough resources to self-sustain, AMERICAN DOES!) creates a temporary price increase while encourages consumers to purchase those local goods. Eventually it creates a feedback loop of purchasing local goods, boosting local economies, by cycling the money within the nation.

[@chesterstevens8870]

Here's a novel concept, maybe don't buy that $50 shirt from China? Maybe buy an american shirt instead?

[@richarddoyle3420]

Different approach: Global companies get an additional tax based on friend or foe. For example: Company A is solely based in USA. Expected taxation. Company B is based in USA, yet outsources to Mexico. Trade partner ,yes, but extra tax. If unfriendly, gawd help them.

[@rwberger6]

That's basically what Trump did in his first term. And it worked so well that Biden kept most of it in place.

[@MWH12085]

These are the same people who will also try to tell you "Raising the corporate tax rate isn't gonna cause prices to rise." You know what's a way to get around tariffs? DOMESTIC PRODUCTION OF GOODS! Also....YOU DON'T PUT TARIFFS ON GOODS YOUR COUNTRY DOESN'T MAKE. Bananas? No Foreign cars? Yes (Japan slaps a 100% tariff on US made cars)

[@worldofdoom995]

Yup part of the wealth of nations

[@thomgizziz]

"You know what's a way to get around tariffs?" Pushing your products through another country and pretending they were made there to get around them? This is what happens with tariffs against a single country. Tariffs need to be applied to all countries.

[@5olveForX]

All of the sudden there's a demand for locally made ones, all of a sudden there are local businesses and job opportunities😱

[@Kurgan0822]

Like Vee said, he might not implement some of the tariffs. Hes most likely using them as a bargaining chip.

[@JohnDoe-pt7ru]

Tariffs are retaliatory, which liberals are too stupid to realize. Most won't be enforced since the other side will capitulate. This happened with Mexico when Trump threatened a tariff and they backed down and gave us what we wanted in the deal.

[@debanydoombringer1385]

Yes. Trump made that clear. Some are going to be small because countries we don't tarrif have them on our goods. The really high ones are to negotiate those companies building factories inside the US where not only will they not have tariffs, but will get a tax cut. Because the more people working good paying jobs, the more income the government gets in the long-term.

[@gmoney9469]

Jokes on them. I’m still wearing the shirts I bought 4 years ago. :p

[@wuldntuliktonoptb6861]

No tariff on the WASR it’s Romania’s greatest export. The USA cannot make good AK.

[@IceNinja2007]

Blame the '89 Import ban and the '14 Russian import ban for that.

[@ALovelyBunchOfDragonballz]

Yes we can. The PSAK is good and on the budget end with about as many lemons as imported AKs.

[@thisismychannel607]

AR is a superior platfom and it's merican. Also u can get a decent one from psa for 450$ Buy American ya commie

[@Xahnel]

It's almost like the point of a tarrif is that it discourages the consumer buying that import...

[@patigelstarberry4302]

What happened to being against the corporation?

[@dinoblacklane1640]

They're more opposed to Trump than they are the corpos If dems raised taxes on corps, they'd be all for it

[@n3r0wolfe]

they dont even know how to define what a woman is... why would they know anything about economics? LOL

[@jacobpugh9531]

How they tariffs work .vs how they actually work. Company imports from china for 30 dollars. Tariff on chinese goods. Company imports from Vietnam for 30 dollars.

[@Bilut]

They missed the part where those tariffs should incentivize people to NOT buy those products in the first place. That is the fking point.

[@25xxfrostxx]

They leave out the part where, thanks to living in a free market society, another company starts making shirts here. They buy textiles, buy machinery, pay American workers, cleaning staff, management, shipping and receiving crews, drivers, utilities etc. and then sell the shirt for $30 while employing locally.

[@CyberChud2077]

Actually no, because tariffs keep your job in your country. Thus you can afford more. But you won't need to, because you'll be buying American.

[@gayusschwulius8490]

What these people don't understand is that you can use tariffs as an alternative to taxes. You lower taxes on companies and increase tariffs at the same time, keeping consumer purchasing power and fiscal income at the same level while incentivizing domestic production.

[@Knights_Oath]

The whole point of a tariff is to make domestic products more competitive, when China uses slave labor of course their products will be cheaper.

[@RolandDelacroix]

They understand economics, they just ignore it because their religion is power.

[@Booma4142]

It's only half the equation, too. Once the 50 dollar shirt doesn't sell as well, because it costs more, the store buys shirts from a native manufacturer rather than a foreign one, because it's both cheaper and supports your fellow countrymen. They never push it to that point though. Weird, huh?

[@SeeLasSee]

If the bulk cost of a simple shirt is $20, then it can be made in the USA with decent worker conditions. Those shirts really cost $4.

[@SaintInix]

You can't trust someone who doesn't know what a woman is...To understand economics. It's just beyond the scope of thier intelligence.

[@freecat1278]

They can't get rid of the department of education quickly enough.