MovieChat Forums > Donald Trump Discussion > FAFO with tariffs.

FAFO with tariffs.

posted 3 months ago by Ranb (11190)
29 replies | jump to latest

Frustrated Americans await the economic changes they voted for with Trump
https://apnews.com/article/economy-trump-inflation-prices-election-tariffs-immigrants-e791d15158195a8a15a71ee43c77d749

President-elect Donald Trump has vowed to topple many of the Biden administration’s economic policies. Trump campaigned on promises to impose huge tariffs on foreign goods, slash taxes on individuals and businesses and deport millions of undocumented immigrants working in the United States.

With their votes, tens of millions of Americans expressed their confidence that Trump can restore the low prices and economic stability they recall from his first term — at least until the COVID-19 recession of 2020 paralyzed the economy and then a powerful recovery sent inflation soaring. Inflation has since plummeted and is nearly back to normal. Yet Americans are frustrated over still-high prices.

Trump policies could boost inflation

The Peterson Institute for International Economics, a leading think tank, has estimated that Trump’s policies would slash the U.S. gross domestic product — the total output of goods and services — by between $1.5 trillion and $6.4 trillion through 2028. Peterson also estimated that Trump’s proposals would drive prices sharply higher within two years: Inflation, which would otherwise come in at 1.9% in 2026, would instead jump to between 6% and 9.3% if Trump’s policies were enacted in full.

With companies free to charge anything they want for their good and services, price gouging and a higher cost of living even with an improved economy is going to be the continuing long term reality. Raising prices to offset the tariffs on imported goods will not help.

The USA can only grow so much food in the southern states, billions of dollars in food is imported each year from warmer climates. With many electronic good also produced overseas, those tariffs will not make it any easier for Americans.

https://www.ers.usda.gov/webdocs/charts/104213/Vegetable-and-Fruit-Imports-(MTED).png?v=8120.4

Trump made little to no effort to improve the amount of food produced in the USA while he was president. https://civileats.com/2020/11/02/how-four-years-of-trump-reshaped-food-and-farming/

[–] MiyagiDoMAGA (1536) 3 months ago

You don't need to keep doing this now shill, you lost.

[–] ClownBaby (977) 3 months ago

LOL, ranb is so angry.

[–] MiyagiDoMAGA (1536) 3 months ago

They haven't received the updated scripts yet so they're all still stuck parroting their old nonsense talking points! Fairplay to Ranb for at least attempting to make it more relevant lol

[–] Ranb (11190) 3 months ago

Trump's tariffs are one of his more recent stupid ideas to make the lives of Americans more difficult. So not something old.

[–] Destinata (3558) 3 months ago

I must be the only one who remembers that Trump imposed tariffs in his first term. It helped bring jobs back to Americans. You can look it up.

[–] [deleted] 3 months ago

"They haven't received the updated scripts yet so they're all still stuck parroting their old nonsense talking points! Fairplay to Ranb for at least attempting to make it more relevant lol"

ahahahaha. this is gold.

[–] Ranb (11190) 3 months ago

I did not lose. I'm still an American. I'm free to say anything I please that is not libel or slander. That is just something you may never understand.

[–] MiyagiDoMAGA (1536) 3 months ago

lol you know people read those posts you made right?

[–] JoWilli (21521) 3 months ago

he is just trolling, just like Skavau. he will pretend not to understand anything,

[–] MiyagiDoMAGA (1536) 3 months ago

Trying to put a brave face on things but you know they're utterly crushed inside lol

[–] JoWilli (21521) 3 months ago

lol, pretty much. he has been whining about Trump for 5 years already.

[–] Ranb (11190) 3 months ago

I've been whining about Trump longer than that. try to keep up.

[–] Ranb (11190) 3 months ago

So?

[–] JoWilli (21521) 3 months ago

lol, the love the salty tears. he is going to whine about Trump for another 4 years. thats some horrible TDS.

[–] JoWilli (21521) 3 months ago

what about the Biden tariffs?

[–] Ranb (11190) 3 months ago

They also suck. What are you getting at? Are you defending them all? https://www.newsweek.com/biden-slammed-trump-tariffs-kept-experts-worry-1983365

[–] JoWilli (21521) 3 months ago

here is Joes plan for tariffs.

https://www.youtube.com/shorts/1VxW-LOHwOw?feature=share

[–] Ranb (11190) 3 months ago

Why does your fetish appear to be old man ass?

[–] [deleted] 3 months ago

[–] Ranb (9425) 11 hours ago
"They also suck. What are you getting at? Are you defending them all?"

Then why are we just now hearing about your disdain for tariffs? Youve never made a peep about it before.

[–] Ranb (11190) 3 months ago

It is something the president-elect is talking about, so I posted about it.

[–] Destinata (3558) 3 months ago

So if they do it but don't talk about it, you're only disdainful of it if asked a direct question. Got it.

[–] SickSpazmoid (876) 3 months ago

Your country is the world's largest exporter of food, so you won't die of hunger. Nobody wants your food anyway, at least in EU, because most of the chemicals in it are banned and all American companies that sell in EU produce food items and cosmetics with formulations aligned with the regulations in EU.

Indiscriminate tariffs could indeed cripple the consumer, but it is up to the government to tweak them in a way not to be felt in the worst possible way by the consumer. Subsidies also could be used to mitigate the effect, though Trump seems not to be a fan of this.

Anyway, a precondition for starting a war is to be economically decoupled from the enemy and it is no wonder that in regards to China Biden's administration continued on the path carved by Trump.

[–] Ranb (11190) 3 months ago

If the USA is such a larger exporter of food, surely those people who are importing it from the USA, want it? Or do you have another explanation for the exports? Are you buying American food and shipping it overseas just to throw it away?

[–] SickSpazmoid (876) 3 months ago

I don't know who the buyer is, I know that it is not me. USA is indeed major exporter of grains and meat. And the thing about the chemicals is no joke either. Actually, it was a major hurdle in the failed trade deal between USA and EU. To quote an article: "Only eleven ingredients are restricted from cosmetics in the US, versus over 1300 in the EU.". At least on this topic the crackpot Kennedy is not wrong.

[–] Ranb (11190) 3 months ago

I know about restrictions based upon chemicals in foods. While the USA exports lots of food, we also import tons of it. Coffee, bananas and other stuff that does not grow well in our climate. https://www.visualcapitalist.com/cp/us-food-imports-by-country/

[–] Destinata (3558) 3 months ago

Theoretically, RFK, Jr. is going to be advising Trump on getting the additives out of our foods. Suits me.

[–] NukeDude (858) 3 months ago

Tariffs, IF imposed, would be offset by growth.

Next unhinged rant?

[–] Ranb (11190) 3 months ago

My post was not unhinged, nor was it a rant.

[–] Destinata (3558) 3 months ago

They were the last time.

Why are all these people under the impression that tariffs are a new thing for Trump? He imposed them before. 🤦🏼‍♀️