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Klarkashton

(5,306 posts)

53. As I recall he attended a special program for

Reply to wnylib (Reply #27)

Wed Sep 11, 2024, 07:32 PM

Sep 2024

Real estate management or something like that. It wasn't economics.

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re: tariffs: Can someone clarify to me some technical... [View all] ret5hd Sep 2024 OP

He thinks we sent NATO countries, a bill for being allies with us Walleye Sep 2024 #1

Sounds about right with the consequence being inflation. live love laugh Sep 2024 #2

That is part of the current inflation IbogaProject Sep 2024 #36

In basic terms, you got it. sarisataka Sep 2024 #3

Ahhh....so many years ago... Dan Sep 2024 #8

Those are possibilities sarisataka Sep 2024 #14

It's part of the cost of goods sold. WarGamer Sep 2024 #31

That is essentially what happens; consumers pay a relatively higher price for goods under tariffs. harumph Sep 2024 #4

i understand all that...i really do...but my question... ret5hd Sep 2024 #10

Tariffs are assessed and collected by the US Customs and Border Protection Service Mosby Sep 2024 #15

For small items you get a slip from your Post Office IbogaProject Sep 2024 #38

This message was self-deleted by its author lastlib Sep 2024 #21

Tariffs are import taxes sarisataka Sep 2024 #25

The consignee who receives the goods upon arrival in the US sarisataka Sep 2024 #22

TY ret5hd Sep 2024 #24

The importer/company malaise Sep 2024 #23

Trump's comment about China paying Billions in tariffs is a full blown lie. The importer pays the tariff and passes it OLDMDDEM Sep 2024 #5

But isn't he a financial genius who went to Wharton? wnylib Sep 2024 #27

Good point. I went to the University of Nebraska at Omaha. I know waaaay more than he does. I didn't buy OLDMDDEM Sep 2024 #29

I didn't take any finance or business courses in college, but wnylib Sep 2024 #34

Hey! Mossfern Sep 2024 #35

I believe you. Trump showed his true self last night. OLDMDDEM Sep 2024 #37

As I recall he attended a special program for Klarkashton Sep 2024 #53

Even so, a "business genius" with international business dealings wnylib Sep 2024 #55

He is willfully ignorant. Klarkashton Sep 2024 #56

I do wish Harris or the moderators Disaffected Sep 2024 #41

No concept about economics or business? LiberalFighter Sep 2024 #54

The purpose of the tariff is to make imported goods more expensive, so American consumers will buy American goods... surfered Sep 2024 #6

see my post number 10 please ret5hd Sep 2024 #11

I only know a personal story. nolabear Sep 2024 #17

If they're kept cheaper. We all see what happened after the pandemic... Justice matters. Sep 2024 #40

While Accurate, Conceptually... ProfessorGAC Sep 2024 #42

BTW Across the board tariffs are a tax. Turbineguy Sep 2024 #7

see my post number 10 please ret5hd Sep 2024 #12

And even if the economy is able to survive the higher prices passed through to consumers ... dawg Sep 2024 #9

see my post number 10 please ret5hd Sep 2024 #13

The importer! dawg Sep 2024 #16

well, nobody really answered my question... ret5hd Sep 2024 #20

See post #15 SeanHG Sep 2024 #28

15 GT 10 ret5hd Sep 2024 #32

So... When the cost and price of a Toyota is raised by 10% Thunderbeast Sep 2024 #18

Not to mention all their imported components. dawg Sep 2024 #19

Tariffs Screwed Farmers NowISeetheLight Sep 2024 #26

One thing not mentioned usually about tariffs Old Crank Sep 2024 #30

Which is why tariffs are inflationary. GoodRaisin Sep 2024 #43

TFG and Vance are lying about how Tariffs work LetMyPeopleVote Sep 2024 #33

Except you ignore the Biden tariffs on steel and other Chinese products. former9thward Sep 2024 #48

The problem for many businesses is that you can't always recoup the full tariff cost when selling. LexVegas Sep 2024 #39

Not right away, no. But eventually they will recover it as part of a periodic GoodRaisin Sep 2024 #44

All the industrial clients I have had experience with expect 5-7% cost down year over year. The alt is off-shoring. nt LexVegas Sep 2024 #45

My experience was the same. Annual cost reduction with similar goals are GoodRaisin Sep 2024 #46

You are very far off. former9thward Sep 2024 #47

That doesn't answer my question at all. ret5hd Sep 2024 #49

Pretty simple, it's a tax on consumers. Emile Sep 2024 #50

Not an answer to the question asked. ret5hd Sep 2024 #51

It is paid to US Customs at the border by the importer. surfered Sep 2024 #52