It works if it's only a few isolated countries. If they're overused, the sanctioned nations just start relying on each other. Kind of encourages enemy nations to become more economically dependent on each other, reducing the influence of the nation applying the tariffs.
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Fat_Cock_Brock 4d ago#7723798
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No. Tariffs are generally ineffective because once the host country imposes one, the other country does as well. Now you've got a tax on each country's imports and exports to each other, so consumers and suppliers lose while their government kind of makes more tax revenue.
When you threaten the whole fricking world they'll realize that we make nothing but electronic 1s and 0s and just say "frick you, keep your Netflix and X and make your own iron, fertilizer, tires, shoes, everything else"
Then they'll get together and say "stop trading oil in these neighbor's money"
The problem is these industries, if they were primarily domestic, need a lot of manpower to put out enough products to satisfy the US market. It is much more profitable if you have a highly educated workforce to have them work in specialist jobs which allow for higher pay and therefore more spending power.
If instead your highly educated workforce is working on farms, making shoes or whatever you lose a lot of money
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Schmunkle 4d ago#7724191
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The west has outsiurced its production and doesn't have the local infrastructure or qualified personnel to start a new one.
You'll be years behind if you try to start now; you not only need developed patents and the educated manpower to build the factories, you also need the educated manpower to run the factories.
Yea good luck finding that in the US, where your average worker works in a franchise or struggles to find a job...
A lot of information work will be replaced by AI so its not a valid basis for wealth distribution in the US. Also we become dependant on the rest of the world, which fricks us in the end . For example look at how China and southeast asia has deindustrialized the US economy and now we have to go toe for toe with china to defend taiwan. Or look at how we're dependent on saudi oil
No one in BRICS even has a currency worthy of being a reserve lol. China has a 1$ trillion trade surplus, Russia has one too and neither India nor Brazil have large or diverse enough economies to tether a reserve to. What is happening is basket of currencies and that's been happening since the 70s or something with pound, yen, euro now uae dirham and yuan. US will always retain global reserve as long as it continues having largest trade deficit. But being someone who supposedly wants to end that I don't understand him seething about global reserve lol.
It would be up to Congress to take him to court over this issue. I'm really hoping that happens because it would be fricking lit.
Taxes are an enumerated power of congress. Congress gave POTUS three ways to enact tarrifs without him; go though DOC which takes about a year, USTR which takes about a year and declare war on them.
The legal theory the Trump camp has advanced is that the part of USC which allows him to sanction countries also allows him to tariff countries. Courts told him it doesn't last time.
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fedposter 4d ago#7723790
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Courts told him it doesn't last time.
So, during his first term he enacted plenty if tariffs. Did the hostile Legislative branch approve them? At the end of his term, pretty much all of them were enacted. Then Biden came along and didn't rescind the EO on them, so they're still in place.
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Dude 3d ago#7724467
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WISH My government wasn't such a *****🤬!!! absolutely DISGRACEFUL running us all into the ground!! 😓 PINHEADS at the top dont know OR CARE about the west... we're just along for this "carbon tax gas tax incometax tax tax" ride!! 💥💣 STOP THE RIDE!!
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Neighbor needs to stop threatening everyone with tariffs.
In most cases it will backfire
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That's what you get when you have r-slurs who think tariffs are a magical tax on foreigners, and not on your own citizens, I guess.
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It works if it's only a few isolated countries. If they're overused, the sanctioned nations just start relying on each other. Kind of encourages enemy nations to become more economically dependent on each other, reducing the influence of the nation applying the tariffs.
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No. Tariffs are generally ineffective because once the host country imposes one, the other country does as well. Now you've got a tax on each country's imports and exports to each other, so consumers and suppliers lose while their government kind of makes more tax revenue.
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that's a good thing
we should abolish income tax and replace it with tariffs instead
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Except they don't provide enough money and we're already broke. Even at 100% tariffs it doesn't even come close
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it doesn't cap out at 100%
10,000% tariff on all foreign (ick) goods
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Lol wtf.
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wdym wtf?
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stop subsidising gayaids programs overseas and maybe euthanise the boomers. There's plenty of ways they could cut spending.
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Lol you poor illiterate r-slur. Something like 60-70% of money is spent on the military and keeping boomers alive. Poor stalker child
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Look on the bright side. China will still never surpass the US.
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When you threaten the whole fricking world they'll realize that we make nothing but electronic 1s and 0s and just say "frick you, keep your Netflix and X and make your own iron, fertilizer, tires, shoes, everything else"
Then they'll get together and say "stop trading oil in these neighbor's money"
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The US could make that, it's just a bit cheaper to pay some random loser in the third world a couple pennies.
I don't understand why the thirdies believe they have any "leverage" over America
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The problem is these industries, if they were primarily domestic, need a lot of manpower to put out enough products to satisfy the US market. It is much more profitable if you have a highly educated workforce to have them work in specialist jobs which allow for higher pay and therefore more spending power.
If instead your highly educated workforce is working on farms, making shoes or whatever you lose a lot of money
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The west has outsiurced its production and doesn't have the local infrastructure or qualified personnel to start a new one.
You'll be years behind if you try to start now; you not only need developed patents and the educated manpower to build the factories, you also need the educated manpower to run the factories.
Yea good luck finding that in the US, where your average worker works in a franchise or struggles to find a job...
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A lot of information work will be replaced by AI so its not a valid basis for wealth distribution in the US. Also we become dependant on the rest of the world, which fricks us in the end . For example look at how China and southeast asia has deindustrialized the US economy and now we have to go toe for toe with china to defend taiwan. Or look at how we're dependent on saudi oil
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you're right I'm going to raise my own caviar
will catfish work?
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canada has no response to the tariffs besides joining the EU. they've managed to get on the bad side of the two most powerful countries in the world.
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why wont the rest of the world buy our steroid chlorinated chickens and crappy cars
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The only possible way that BRICS ever does anything is if the US president is so fricking r-slurred he goes out to start a fight with them.
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No one in BRICS even has a currency worthy of being a reserve lol. China has a 1$ trillion trade surplus, Russia has one too and neither India nor Brazil have large or diverse enough economies to tether a reserve to. What is happening is basket of currencies and that's been happening since the 70s or something with pound, yen, euro now uae dirham and yuan. US will always retain global reserve as long as it continues having largest trade deficit. But being someone who supposedly wants to end that I don't understand him seething about global reserve lol.
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Darn it sure would suck if the president was a genuine fricking r-slur huh
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we should just bomb all of them and be over it
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It's honestly wild that the president has the power to unilaterally enact tariffs at will. Seems like something that would go through Congress.
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It is. He doesn't.
It would be up to Congress to take him to court over this issue. I'm really hoping that happens because it would be fricking lit.
Taxes are an enumerated power of congress. Congress gave POTUS three ways to enact tarrifs without him; go though DOC which takes about a year, USTR which takes about a year and declare war on them.
The legal theory the Trump camp has advanced is that the part of USC which allows him to sanction countries also allows him to tariff countries. Courts told him it doesn't last time.
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Not gunna happen. Our legislation is a joke. Wingcucks won.
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If they don't then it's an invitation for the Dems to do the same thing.
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We've been here before. Hail Caesar.
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Seems the rightoids are trying to buck the above tbh.
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Hey sexy, why are you posting so quickly? 😊 You almost forgot to include
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So, during his first term he enacted plenty if tariffs. Did the hostile Legislative branch approve them? At the end of his term, pretty much all of them were enacted. Then Biden came along and didn't rescind the EO on them, so they're still in place.
How does that work with your point?
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He went though commerce and USTR for nearly all of them.
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Well Congress is too busy trading stocks and talking to the media, so the President and Supreme Court have to do the heavy lifting.
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Tariffs = "National Security"
I wouldn't trust Congress to run Edmonton, much less a hardware store.
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Another emperor cuck. History went so great with that.
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Prez deals with foreign nations. He only needs congress for treaties
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And laws and budget
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Enforcement of laws, allocation of discretionary funds
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Congress basically gave up the power to enact tariffs after they passed some in 1930 that were a total disaster for the economy.
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That's so passe.... Get with the times, gramps.
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US congress dosent want to work. Thats why unelected officals run things and president dose what ever
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B-words get tariffs
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WISH My government wasn't such a *****🤬!!! absolutely DISGRACEFUL running us all into the ground!! 😓 PINHEADS at the top dont know OR CARE about the west... we're just along for this "carbon tax gas tax incometax tax tax" ride!! 💥💣 STOP THE RIDE!!
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...and the world is my b-word
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$ellout trump already wants to replace the with Bitcoin since the crypto industry funded his 2024 run
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NOOOOOO SAAAARRRSSS HOW COULD THIS HAPPEN TRUMPJI IS INDIA BESTFRIEND NOOOOO!!!
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I've been banned from the elden ring subreddit again for debating the holocaust in good faith
Snapshots:
https://old.reddit.com/r/neoliberal/comments/1ie8qnd/trump_threatens_brics_with_tariffs_if_they/:
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Tariffs Don't Work
God I wish this would tank the USD but it's just going up up up!
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tariffs
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