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everyonematters

(4,157 posts)

21. That's why if you raise tariffs they need to be targeted or incremental not a big jump.

Reply to Bernardo de La Paz (Reply #20)

Mon Feb 10, 2025, 10:51 AM

Feb 2025

Most economists work for corporations. The great depression happened because there was too much investment that didn't result in the production of goods or services. You have the same thing today with corporations buying back their own stocks instead of investing in production. Biden did targeted tariffs.

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Per Bloomberg news: trump plans to impose 25% tariffs on steel and aluminum imports, and will apply to imports [View all] JohnSJ Feb 2025 OP

He's trying to use PA steel Tickle Feb 2025 #1

You don't think prices on all steel and aluminum products will go up worldwide if he follows through on this? I will JohnSJ Feb 2025 #3

As if PA could just fill all of the country's steel demand. Think. Again. Feb 2025 #6

There's goes the American manufacturing and construction industries. Think. Again. Feb 2025 #2

This is not good.................... Lovie777 Feb 2025 #4

May not pay debt bucolic_frolic Feb 2025 #5

He is saying there is "fraud going on", with our treasuries, which is bullshit, and implying we will renege on some of JohnSJ Feb 2025 #8

I think market is in massive denial of tRump's abberations. But it is sideways for 3 months. . . nt Bernardo de La Paz Feb 2025 #7

Either that or they are making excuses for him because they supported this reckless dangerous person, and they think JohnSJ Feb 2025 #9

This is a targeted tariff. The effects might not be as drastic as other more pervasive tariffs although, everyonematters Feb 2025 #10

I believe that was on steel and aluminum products imported through Mexico from China, and actually started under JohnSJ Feb 2025 #11

The immediate impact of any tariffs is an increase in prices. Any benefits are delayed. everyonematters Feb 2025 #13

I am not sure if any benefits will be realized, because they probably will be offset by reciprocal tariffs on our JohnSJ Feb 2025 #16

The notion that the Smoot-Hawley tariff act largely contributed to the great depression is a myth. everyonematters Feb 2025 #17

Wrong. And it is a higher risk now as exports are about 11% of GDP. Bernardo de La Paz Feb 2025 #20

That's why if you raise tariffs they need to be targeted or incremental not a big jump. everyonematters Feb 2025 #21

Some of our closest allies, who are already fighting the temptation to Mike 03 Feb 2025 #12

Unless something changes I wouldn't be surprised if our allies formed their own trade coalition that excluded the JohnSJ Feb 2025 #14

I wonder if he has plans to absorb Jamaica yet? DFW Feb 2025 #15

He 's actively trying to destroy the Biden economy Johnny2X2X Feb 2025 #18

targeted tariffs at least smarter than blanket tariffs Johonny Feb 2025 #19