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Basic economics of tariffs (MAGA morons don't click)
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Date: March 4th, 2025 8:31 PM Author: L.L.M. Vance A tariff is a tax paid by importers. Thus it does nothing to hurt the country it's levied on and everything to hurt the county that implements them.
Despite this, leveling tariffs on allied countries is a horrific act of betrayal, because it will hurt their economy.
Additionally, our economy will be destroyed and they'll be laughing all the way to the bank when they implement retaliatory tariffs against us.
Get educated |
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Date: March 5th, 2025 5:43 PM Author: To be fair (Semi-Retarded) To be fair,
"Tariffs only hurt your country, not the country you're levying them on... but also, as a matter of principle, levying tariffs on an allied country is a tremendous act of betrayal!"
Wow, sounds like Blondalf Drumpfth is a fucking idiot AND an asshole, Jesus Christ this is terrible. What kind of complete sociopath would ever implement tariffs?! These things fucking suck!!!
Hey btw you seem really smart and I'm sure you're 100% right about all of this, but here's a random unrelated question that I've found myself wondering recently -- why have so many of our allies been choosing to simultaneously harm themselves and insult us by levying tariffs on American goods for decades now? |
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Date: March 6th, 2025 1:20 PM Author: L.L.M. Vance I'm sorry it's too complex for you smoothbrains, but this is the economic science as confirmed by the experts at CNN.
It's not an insult when they do it because their leader is not the bad orange man |
Date: March 4th, 2025 8:32 PM Author: but at what cost so it's a tax on jews. good (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48715022) |
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Date: March 4th, 2025 8:33 PM Author: ,.,.,:,,:,..,:::,...,:,.,....:.,:.::,., (Albert Einstein) (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48715023) |
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Date: March 4th, 2025 8:40 PM Author: Oh, You Travel? ( ) Oh, the horrors. If we dare impose tariffs, our trade partners — wise, omniscient beings who operate purely on principle and not in their own self-interest — will surely retaliate. Then the great and mighty cycle begins. Tit for tat. Tariffs everywhere. Markets collapse. Nations wither. The world burns. Never mind that the Prussian Historical School, from List to Brentano, saw trade policy as a tool for national strategy, not a suicide pact. Never mind that Ha-Joon Chang, had shitlibs deigned to read anything post-Samuelson, would remind us that nearly every major industrial power built itself behind protective barriers before embracing free trade. But no, tariffs are bad, always and everywhere, because redditors with an internet connection and a smug tone say so. The tragedy of it all is that we could have prevented this. If only the Austrians had written in all caps, maybe libs would have grasped Böhm-Bawerk’s capital theory instead of repeating Econ 101 slogans. If only Knut Wicksell had made TikToks, perhaps libs would understand price mechanisms instead of treating them like Newtonian physics. But alas, here we are, forced to endure this embarrassing display of first-order thinking, wrapped in the self-satisfaction of someone who once skimmed a Paul Krugman op-ed. It’s a Joke. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48715057) |
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Date: March 5th, 2025 5:41 PM Author: sealclubber (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718401) |
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Date: March 5th, 2025 6:54 PM Author: :;:;;;:;:;;;:;:;:;:; A Trump supporter earnestly citing Knut Wicksell (of all fucking people) is legitimately hilarious.
You people are shameless. |
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Date: March 5th, 2025 12:58 PM Author: Trumpus Julius Caesar Augustus (TDNW) do libs really think all this trade is “free and fair” and that Trump is being an ass for no reason?
afaik Canada has tons of high tariffs on American goods. not to mention the money laundering and chink infiltration of their country |
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Date: March 5th, 2025 1:11 PM Author: Louis Poasteur Smarter people than you and Trump worked out those tariffs and trade deals over the last 75 years, a period in which the US has been singularly ascendent economically and against which it has no rivals. But now Trump, who doesn't read, is going to destroy those trade deals because they're "unfair", implying that the United States should be even farther ahead of everyone else and has actually been held back by a lack of tariffs whereas Canada and Europe have been helped by them, despite their economies lagging ours rather badly for decades. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717440) |
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Date: March 5th, 2025 1:19 PM Author: Trumpus Julius Caesar Augustus (TDNW) lol the U.S. govt has been cucked af for a VERY long time. we are a big dat dead whale carcass that the world has been feeding off of for decades (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717479) |
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Date: March 5th, 2025 1:21 PM Author: Louis Poasteur Well, no, that's completely wrong, incoherent made-up nonsense, but as terrifying as it is to know that people like you think this nonsense I'm sure it sounds good in your head (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717490) |
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Date: March 5th, 2025 1:52 PM Author: Trumpus Julius Caesar Augustus (TDNW) yeah I’m guessing you think people in the fed govt treat taxpayer money like their own when spending it lol (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717621) |
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Date: March 5th, 2025 1:56 PM Author: Louis Poasteur Another incoherent nothing-statement unattached to basic logic or reality. They don't spend taxpayer money when making trade deals. They represent the interests of their donors, namely US businesses, who have thrived under the US's trade regime. So much so that the US's GDP dwarfs all other economies and the S&P 500 alone is 50% of the value of *all* global stock markets, and American products saturate the world. And Trump wants to fuck that up because he's an idiot. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717637) |
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Date: March 5th, 2025 2:00 PM Author: Trumpus Julius Caesar Augustus (TDNW) our economy is dominant but it’s being artificially held down by bad deals and an oppressive domestic regulatory environment. we are about to turn on the juice
and our debt level mixed with the massive govt fraud (lot of it coming from abroad) are existential risks for us |
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Date: March 5th, 2025 2:04 PM Author: Louis Poasteur More incoherent fantasy from someone who doesn't understand economics and is probably unemployed (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717670) |
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Date: March 5th, 2025 2:24 PM Author: Trumpus Julius Caesar Augustus (TDNW) lol (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717753) |
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Date: March 5th, 2025 8:54 PM Author: ...,....,,........ (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48719067) |
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Date: March 5th, 2025 8:54 PM Author: ...,....,,........ (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48719065) |
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Date: March 5th, 2025 1:21 PM Author: Muscadine wine Trust the experts, huh (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717491) |
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Date: March 5th, 2025 5:31 PM Author: Louis Poasteur My brain hurts even beginning to contemplate whatever stupid fucking point you think you're making. Are you aware that the trade deal Trump is blowing up is the one he signed himself? (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718377) |
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Date: March 5th, 2025 8:54 PM Author: ...,....,,........ (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48719071) |
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Date: March 6th, 2025 1:32 PM Author: LathamTouchedMe (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48721681) |
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Date: March 5th, 2025 5:42 PM Author: sealclubber $36t in debt and growing (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718406) |
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Date: March 5th, 2025 1:01 PM Author: .- .-. . .-. . .--. - .. .-.. . Almost all the stuff coming in from Canada and Mexico is made in China and its just China using these places as a backdoor to get around existing tariffs on them. Trump is saying "stop playing us for suckers." Canadians are getting rich just playing this arbitrage game with Chinese imports. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717405) |
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Date: March 5th, 2025 1:19 PM Author: Trumpus Julius Caesar Augustus (TDNW) (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717481) |
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Date: March 5th, 2025 1:23 PM Author: Louis Poasteur Yes, the oil fields and auto parts plants and timber mills and potash mines of Canada are actually Chinese imports. You people just make up and spew absolute bullshit (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717499) |
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Date: March 5th, 2025 2:52 PM Author: ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, cr.
ffs, can we please just acknowledge how it all works? |
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Date: March 5th, 2025 8:55 PM Author: ...,....,,........ JFC, you have no idea what products we actually import directly from Canada.
Where the fuck did you come up with the idiotic idea that China manufactures the oil and timber we import from Canada? |
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Date: March 5th, 2025 1:09 PM Author: blow off some steam Who cares? Everything sucks (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717427) |
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Date: March 5th, 2025 1:22 PM Author: great moniker (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717496) |
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Date: March 5th, 2025 2:03 PM Author: chilmata Never took a course in logic or anything, but I'm having trouble reconciling your two statements that appear contradictory:
A tariff is a tax paid by importers. Thus it *does nothing to hurt the country it's levied on* and everything to hurt the county that implements them.
Despite this, leveling tariffs on allied countries is a horrific act of betrayal, *because it will hurt their economy*. |
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Date: March 5th, 2025 2:06 PM Author: Louis Poasteur The tax isn't paid by the exporting country, so the cost of paying it will not be borne by that country. However, the decrease in trade will harm the economy of the source country, as well as the economy of the importing country. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717690) |
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Date: March 5th, 2025 2:16 PM Author: chilmata So the tariff *does*, in fact, "hurt" the country the tariff is levied on then? (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717724) |
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Date: March 5th, 2025 8:57 PM Author: ...,....,,........ If I run a business and ban heterosexual cis white men from shopping there I will "hurt" them, but I will fucking bankrupt myself in the process.
DO YOU SEE HOW BOTH THINGS CAN BE TRUE AT THE SAME TIME AND STILL BE BAD FOR US?
Is any of this getting through your fucking mongoloid head yet?
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Date: March 5th, 2025 6:21 PM Author: flw toady By definition, if one country is being harmed, then another country is being benefited. Wealth is neither created nor destroyed, only redistributed--this is the principle of "conservation of wealth" and basic physics.
Applied to the tariff situation, if tariffs on Canada hurt Canada (and Canadians appear to believe that they do), then necessarily the United States must be benefited. Do you understand now? |
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Date: March 5th, 2025 6:47 PM Author: chilmata I understand the point you are making, but that does not reconcile the contradictory statements above. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718571) |
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Date: March 5th, 2025 7:08 PM Author: flw toady I think you need to smoke less ganja, friend (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718611) |
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Date: March 5th, 2025 7:14 PM Author: chilmata ?
Statement 1: Tariffs don't harm the countries they are levied on.
Statement 2: Tariffs harm the economies of the countries they are levied on. |
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Date: March 5th, 2025 10:20 PM Author: flw toady If these statements are true, we can infer that countries are not harmed when their economies are harmed (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48719333) |
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Date: March 5th, 2025 2:30 PM Author: L.L.M. Vance Might be tough to comprehend, but it's the science confirmed by CNN (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717782) |
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Date: March 5th, 2025 2:46 PM Author: chilmata I see, thank. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717870) |
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Date: March 5th, 2025 5:43 PM Author: To be fair (Semi-Retarded) (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718413) |
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Date: March 5th, 2025 2:44 PM Author: talking to my therapist about XO Maybe a Realtor can explain it to you. I hear the buyer never has to pay for their services! (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717858) |
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Date: March 5th, 2025 2:47 PM Author: chilmata tho witty! Is this what is considered "lib humor"? (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717876) |
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Date: March 5th, 2025 5:20 PM Author: talking to my therapist about XO whoosh (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718349) |
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Date: March 5th, 2025 2:56 PM Author: SniggIe This might be one of the worst explanations of tariffs I’ve ever heard.
The purpose of a tariff is to shift supply and demand curves. Anyone who says “the tariff is paid by…” doesn’t get what’s going on. |
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Date: March 5th, 2025 3:03 PM Author: Trumpus Julius Caesar Augustus (TDNW) (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48717927) |
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Date: March 5th, 2025 6:58 PM Author: :;:;;;:;:;;;:;:;:;:; Don’t be mean to Donald like that (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718591) |
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Date: March 5th, 2025 8:59 PM Author: ...,....,,........ You are a fucking moron if you think that slapping 25% tariffs on Canada & Mexico will SUDDENLY spur homegrown manufacturing.
Do you not realize we import a lot of shit because we don't have the manufacturing base nor supply lines to create the shit ourselves? |
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Date: March 5th, 2025 10:16 PM Author: sealclubber right, dipshit. we are entirely incapable of creating the manufacturing base and supply lines. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48719319) |
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Date: March 6th, 2025 1:33 PM Author: ...,....,,........ You ape-shit nigger, stop trolling me!
You can't possibly be this fucking ignorant on basic economics. |
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Date: March 6th, 2025 1:34 PM Author: SniggIe Countries like Canada and Mexico are the most obvious ways an importer can move a good through a secondary market and wash away the “Chinese import” categorization. Either they would have to get tariffed, or they have to implement some kind of import framework on their end to prevent middlemen from shipping through them to avoid tariffs. (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48721693) |
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Date: March 6th, 2025 1:15 PM Author: L.L.M. Vance The tariff only shifts curves within the leveling country, which is why it hurts us when orange man levels them.
Nonetheless, these countries are right to feel betrayed due to the terrible shift in their curves. This is a betrayal of our allies.
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Date: March 6th, 2025 1:25 PM Author: Trumpus Julius Caesar Augustus (TDNW) many of our “allies” are fucking us with their own tariffs, taxes, subsidies, and other underhanded tricks (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48721647) |
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Date: March 6th, 2025 1:29 PM Author: Louis Poasteur Yeah they fucked us into having a much larger economy than theirs and now we're going to fuck them back by trashing our economy back down to their level (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48721671) |
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Date: March 6th, 2025 1:37 PM Author: SniggIe We are the largest consumer in the world. And any internal supply curve shift will also partially offset the downward shift of the demand curve because business labor costs - which is the primary cost offshorers are trying to arbitrage - feed directly back into the demand curve.
If there’s suddenly a huge surplus of goods that America is no longer consuming, other countries get them cheaply. It doesn’t seem like we are screwing them over at all. |
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Date: March 5th, 2025 5:40 PM Author: Trust If Aryan Math is Jewish (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718396) |
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Date: March 5th, 2025 5:48 PM Author: zarathustra trump_donald-the_art_of_the_deal-random_house(Z-LIBRARY).pdf (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718433) |
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Date: March 5th, 2025 7:03 PM Author: GNOME CHOMSKY Trump is talking all this shit about tariffs and everything in order to create uncertainty and fear and thereby crash the market and force people out of stocks and into bonds thus driving interest rates down so that America can Finance its debt (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48718596) |
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Date: March 5th, 2025 9:57 PM Author: evan39 (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48719283) |
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Date: March 5th, 2025 11:01 PM Author: ~~(> ' ' )> Elasticity.
Tax incidence. |
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Date: March 6th, 2025 1:38 PM Author: ,,,,,,,,,,,.,,,,,,,,,,,,,,,.../.,, Economics papers looking at the effects of trade tarrifs have hundreds of pages of modeling with all kinds of Greek symbols that look at FX effects and market structure
Someone tell those tweebs tarriffs are this simple |
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Date: March 6th, 2025 2:36 PM Author: L.L.M. Vance Obvious Russian disinformation (Greek letters are heavily used in Cyrillic writing) (http://www.autoadmit.com/thread.php?thread_id=5689058&forum_id=2...id.#48721871) |