Anyone Notice Stiff Tariff Increases On Goods?

S Davis wrote:
It is being predicted that the cost will be over $800.00 per year per household for the current tariffs, I wonder what that is going to do to all the people that already work multiple jobs and still barely make it. More foreclosures, evictions and homeless.

The barely making it crowd does not consume as much as the average American household, so the impact on that group will be less. Furthermore, the basic necessities such as food, utilities and shelter are almost exclusively produced domestically and are not impacted by tariffs. Unfair trade practices that ultimately cost jobs are a bigger threat to the barely getting by crowd.

S Davis wrote:
It is being predicted that the cost will be over $800.00 per year per household for the current tariffs, I wonder what that is going to do to all the people that already work multiple jobs and still barely make it. More foreclosures, evictions and homeless.

by who?

ROFLMAO.

Global Trade Economics 101 by RV.net.


Time for some Advil. Sure hope the price hasn't increased.

It is being predicted that the cost will be over $800.00 per year per household for the current tariffs, I wonder what that is going to do to all the people that already work multiple jobs and still barely make it. More foreclosures, evictions and homeless.

AllegroD wrote:

In a nutshell, NO ONE WINS except for the governing body that imposed the Tariff.
The consumers lose, businesses lose.

I do not find this to be entirely true. The statement only takes into consideration cheap importers. Tariffs either make the US products more competitive in the retail market or foreign goods less appealing as imports. Tariffs level the playing field for US competitors against countries like China who have no labor laws nor equitable labor practices. Tariffs are a tool to keep such countries from flooding an dominating the market and ruining US manufacturers. The US is not alone in this. Tariffs are used by many countries to protect their own manufacturers.

Umm..

No, not so.

Tariffs affect ALL businesses AND consumers IN THE COUNTRY THAT PLACED THE TARIFFS FOR ALL GOODS AND SERVICES.

By bumping up prices all we are doing is making circles in the sand, eventually spiraling our way into the mud.

You simply cannot TARIFF (TAX) your way into a prospering economy, many countries have tried this, China used to be one of the biggest offenders for hundreds of years with Tariffs. Even they found that keeping other countries out resulted in them being a backwater country and they have slowly reduced Tariffs on incoming goods..

Cheap imports actually makes a lot of lower cost items available to those WHO OTHERWISE CANNOT AFFORD IT!!!

Why do you think folks are trying to push $17 MINIMUM WAGES?

Not "everyone" can afford $10K loaded "MAC'S" tool box, but many folks can afford $200 worth of Harbor Freight tools and it will fill a good size tool box.

Sure HF quality can be a bit spotty but if you only need to use a few times they can be a great bargain. Heck, for $9.99 I can buy a throwaway 30 drill bit set at HF, buy just ONE NAME BRAND DRILL BIT at Lowes or Home Depot and you WILL pay just about $8 for ONE SMALL BIT and for large bits you better hold on to your hat.

In a nutshell, NO ONE WINS except for the governing body that imposed the Tariff.
The consumers lose, businesses lose.

I do not find this to be entirely true. The statement only takes into consideration cheap importers. Tariffs either make the US products more competitive in the retail market or foreign goods less appealing as imports. Tariffs level the playing field for US competitors against countries like China who have no labor laws nor equitable labor practices. Tariffs are a tool to keep such countries from flooding an dominating the market and ruining US manufacturers. The US is not alone in this. Tariffs are used by many countries to protect their own manufacturers.

Yes, most of the building materials I use have gone up. We are going to see a large decline in home building if things keep on the currant course. I have to pass it on to the consumer, I would go out of business if I tried to absorb the rising costs.

No.

noteven wrote:
....

...In a nutshell, NO ONE WINS except for the governing body that imposed the Tariff.

The consumers lose, businesses lose.

Historically Tariffs have always ended up hurting the country that places it, not the originating country of the goods.

The cost eventually is bore by the consumer as the business importing the goods is forced to pass on the increased cost to the consumer. Business importing is is the business to well, make money, they can't absorb the increased cost so it is the end consumer that winds up paying the "tariff" (it ultimately IS A TAX!).

ding ding! We have our winner!

You are not insunating our President would lie to us, are you. :S

....


Quoting Gdetrailer:

...In a nutshell, NO ONE WINS except for the governing body that imposed the Tariff.

The consumers lose, businesses lose.

Historically Tariffs have always ended up hurting the country that places it, not the originating country of the goods.

The cost eventually is bore by the consumer as the business importing the goods is forced to pass on the increased cost to the consumer. Business importing is is the business to well, make money, they can't absorb the increased cost so it is the end consumer that winds up paying the "tariff" (it ultimately IS A TAX!).

ding ding! We have our winner!