Tariffs

[Sarge]

Also finding people who can pass a drug test is a problem.

Absolutely a fact. When I worked at Toyota and even in this job that is always one of the first questions. Always. “How often will I be piss tested?” It’s disqualifying. Every time. Or at least it should be.

 

[MT~Forged]

You should read the history of the Auto Pact

All it would take is for you guys to remove all barriers to Free Trade and we could move on. If you want to band together and only buy Canadian products, fine. If the PEOPLE choose to not buy imports, I can accept that. What I have a problem with is your GOVERNMENT putting up barriers to trade.

In a perfect world anyone can export anything to any country without Governments hindering this trade. The people can choose if they want to buy it or not. That is what Free Trade really means.

 

[oneforthebus]

I laugh at Yinzers here being mad about tariffs* when steel imports wrecked what was a solid way of life here for 100 years.

*They're only mad because the Democrats tell them to be.

I’m not mad about tariffs, I just don’t believe they will accomplish what you all think they will. And no, it’s not because Democrats told me so. For decades it was Democrats who used to push protectionism to placate labor unions. Unions who made it impossible for the US to compete with foreign steel, autos, etc. Republicans have opposed tariffs and supported free trade for decades. You all suddenly love tariffs because Trump says so. I’m a pro-business pro-growth free trade Republican like I’ve always been.

 

[oneforthebus]

https://www.ntu.org/publications/detail/other-countries-are-not-ripping-us-off-on-trade

 

[Ron Burgundy]

I’m not mad about tariffs, I just don’t believe they will accomplish what you all think they will. And no, it’s not because Democrats told me so. For decades it was Democrats who used to push protectionism to placate labor unions. Unions who made it impossible for the US to compete with foreign steel, autos, etc. Republicans have opposed tariffs and supported free trade for decades. You all suddenly love tariffs because Trump says so. I’m a pro-business pro-growth free trade Republican like I’ve always been.

It's not Trump so much as it is we see that tariffs are a one-way street with other countries putting much higher tariffs on our stuff than we do on theirs.

 

[JMM]

This sure looks like the COVID thread. We're ficked. Glad I'm almost dead.

 

[Ron Burgundy]

I'll put my economics instructor hat on for a minute. I stopped teaching in 2013 when I started mortuary school but I still remember some ****.

Nations have two types of economic advantages. Absolute Advantage is when you have a natural resource or are otherwise able to produce something that no one else is able to do. Comparative Advantage is when you simply are able to produce things more efficiently and/or at a lower cost (think China and labor cost).
So you may want a protectionist tariff on another nation with comparative advantage over you.

Speaking of, there are two schools of thought on tariffs. A Protectionist Tariff is high and designed to force people to buy less imported goods and more domestic goods by making the imported goods cost relatively more and domestic goods cost relatively less. A Revenue Tariff is usually low and designed to make money for the government. You don't WANT people to buy less, you want them to pay tariffs but not at a cost so high that they buy less.

 

[oneforthebus]

My understanding of comparative advantage is that if I’m better at producing A and you’re better at producing B, it benefits both of us to trade with each other. Instead of me trying to grow coffee in Iowa I trade my corn to Columbia for coffee and it’s all less expensive for both of us.

 

[Confluence]

All it would take is for you guys to remove all barriers to Free Trade and we could move on. If you want to band together and only buy Canadian products, fine. If the PEOPLE choose to not buy imports, I can accept that. What I have a problem with is your GOVERNMENT putting up barriers to trade.

In a perfect world anyone can export anything to any country without Governments hindering this trade. The people can choose if they want to buy it or not. That is what Free Trade really means.

yep, it's the greedy Canadians holding the US back.
Maybe read thru the thread again, the various Free Trade Deals -- 5 now, with the last one negotiated and signed by that guy Trudeau ***-whipped. Right.

 

[Confluence]

It's not Trump so much as it is we see that tariffs are a one-way street with other countries putting much higher tariffs on our stuff than we do on theirs.

that's not anywhere close to the whole story or the reality though

 

[MT~Forged]

My understanding of comparative advantage is that if I’m better at producing A and you’re better at producing B, it benefits both of us to trade with each other. Instead of me trying to grow coffee in Iowa I trade my corn to Columbia for coffee and it’s all less expensive for both of us.

This would be true unless Columbia limits imports of corn from the US or puts a high tariff on corn imports, while the US does neither.

 

[MT~Forged]

yep, it's the greedy Canadians holding the US back.
Maybe read thru the thread again, the various Free Trade Deals -- 5 now, with the last one negotiated and signed by that guy Trudeau ***-whipped. Right.

Maybe you should do some refresher reading too, as I already addressed this point that you repeat every 5th post.