The tariffs are coming!
- Thread starter WVUCOOPER
- Start date
Theoretically? It would give a slight boost to US Steel for domestic consumption at the expense of American consumers and workers. History shows us that increase will be extremely short lived when rising prices sends consumer to look elsewhere and American companies to shutter.
What do you mean? He's filed bankruptcy FOUR times.......he knows more about economics and productive policies than anyone........
opcorn:Trump claims the steel industry is in trouble, so he passes a tariff on China........people struggle to buy food, but we hear "let's end food stamps". Makes a lot of freaking sense.
Watching you try to make "intellectual" arguments, yet flop around like a fish out of water is very entertaining to me.
This is definitely going to impact GDP. It will scare the hell out of the markets. Do we want to get all people back to work if they are able? There has to be a cost somewhere, sometime to someone.
The same arguments are being made here by liberals that are used to not pay our National Debt down during a good economy. The question that no one can answer, is the impact on the economy. Will these measures slow it down, for short term or long term, or kill all economic growth and go back to Obama years where growth would not keep up with growth in population?
Are we better off living on our own natural resources, or should we be a net importer? Lunch time.
It predicts an increase in demand and supply if the segment of forecasters are reliable. I have predicted 5-6% during first term of Trump. I have had the feeling the economy was champing at the bit to grow. All we needed was to have someone with a business background to help with stimulus. If you have 3 trillion setting on the sidelines and equal amount wanting to get back into country, there is a desire to invest that idle money somewhere to earn a fair ROI. Also have a labor force that is anxious to get back to work to provide a decent living, imo.
And we may need a trillion to invest in infrastructure to repair structures that have had zero maintenance over the years for safety sake. Also to boost economic growth. Supposedly have at or near full growth, but at fairly low wage. Construction would attract people back into higher wage jobs and allow lower wages employment to those wanting to enter into the race.
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lol. I was asking where Dog had heard that, not you. I think i’ll stick with the experts.
You were too quick to jump. I had to
Repeating. You were too quick to jump. I was still thinking and made an addendum.
Careful with the dog, they bite. He has pretty good economic sense and tends to make very good analysis. Vernacular may be a little different than accustomed to, but economics tends to be common sense and requires a little bit of extended thinking. In the end, it is all demand and supply and the things that have an impact on each.
Yes, it does make absolute sense. Cause the cost of buying foreign steel to approach cost to buy US steel. When demand for US product increases, results in added supply needs. Supply increase is provided by additional labor who gets good paydays and no longer qualify/need food stamps. Get people to work and off government dole should be goal of all society.
Someone posted something on here the other day where they were expecting growth at +5% for Q1.
https://www.google.com/amp/s/www.cn...-first-quarter-atlanta-fed-tracker-shows.html
First I've seen any forecast that high. Everything I've seen shows around 2.9 - 3.1 for the annual 2018 GDP. Even the video in that link shows 2.94. Here's to hoping.
To be effective, these things have to be carefully scripted. Neil's post about tariffs on foreign cars in the 80's reminded of how Japanese companies got around those. Parts were taxed at a lower rate or not at all. I know Nissan used to ship a fully manufactured truck minus the bed which was considered a part. They would ship the beds separately, then add those om here - American jobs - then avoid the tariffs.
