Prices of Goods in the U.S. Did Not Rise At All Despite China Tariff Hike

Discussion in 'Current Events' started by US Conservative, Jul 12, 2019 at 3:26 PM.

  1. US Conservative

    US Conservative Well-Known Member Past Donor

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    he Tariff Hoax Debunked
    One of the reasons so many economists and journalists claimed, without evidence, that the Trump administration’s tariffs would be passed on to consumers is that they assumed the purpose of tariffs was to raise domestic prices to boost the bottom lines of domestic manufacturers. But that was not the goal of the China tariffs at all. These were aimed at pressuring China to abandon its unfair and illegal trade practices. Metals tariffs did aim to boost the bottom line of U.S. steel and aluminum producers but this can be accomplished by squeezing margins of producers of intermediate products–margins that had been inflated by metals made artificially cheap by China dumping on the global market–without harming consumers.

    Time will tell if those who predicted higher consumer prices based on their assumptions will modify their views based on the data.
    https://www.breitbart.com/economy/2019/07/12/trump-tariff-ppi/

    Lots of naysayers in the democrat party but Trumps tariffs have proven effective and as China figures out Biden won't win in 2020, I expect more progress.

    At the G20, China agreed to purchase more American agricultural products-lets see if they comply.

    Just the threat of tariffs is what prompted Mexico to secure its borders-the communist president even sold the Mexican air force one.
     
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  2. The Mello Guy

    The Mello Guy Well-Known Member

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    So businesses didn’t pass this tax on to the consumers?
    Interesting....
     
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  3. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Hopefully the Bottom drops out of the "Trump Economy" in October 2020.

    That would be perfect timing.
     
  4. 61falcon

    61falcon Well-Known Member

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    What the hell are you smoking?? prices have risen on virtually everything we buy from automobiles to household appliances,clothing,shoes,building products all are up considerably in price.
     
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  5. Andrew Jackson

    Andrew Jackson Well-Known Member

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    Apparently anything posted at Breitbart is considered gospel by the RW?
     
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  6. vman12

    vman12 Well-Known Member Past Donor

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    You don't get taxed if you buy the same item made by a different country at a lower cost due to the tariffs.

    Duh.

    Why do you think Mexico ran up here so fast when they were facing tariffs?
     
    Last edited: Jul 12, 2019 at 4:29 PM
  7. US Conservative

    US Conservative Well-Known Member Past Donor

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    Do some homework.

    I remember when dems were freaking out about a 5 cent per chipotle burrito increase.
     
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  8. Socratica

    Socratica Newly Registered

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    The article is references producer prices (specifically the Producer's Price Index), not consumer prices. The prices that producers pay for raw materials did not increase. Maybe the OP should have made that clear.
     
    Last edited: Jul 12, 2019 at 4:32 PM
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  9. US Conservative

    US Conservative Well-Known Member Past Donor

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    Clearly you didn't read the article.

    Planes, trains, automobiles, textiles, durable goods, etc.

    The prices aren't rising.
     
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  10. cristiansoldier

    cristiansoldier Well-Known Member

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    I hate to say it but this story makes no sense at all. The writer is saying that companies are paying billions in taxes/tariffs and are just absorbing the cost on their margins. That makes no sense to me. The only thing I can think of is it takes time for these companies to adjust their prices. If you are to truly believe this, what is to stop you from accepting the Warren/Sanders argument of taxing the hell out of companies. By this logic they will just sell at the same price and shrink their margins. I would love to see this reporter call up some of these CEO and ask "Hey you are paying a ton more in tariffs, what are you not raising prices?" CEO: "Well you see, our company was making way too much money so we though we should just make a bit less". This would be socialism porn. Warren and Sanders would love this.
     
    Last edited: Jul 12, 2019 at 4:32 PM
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  11. vman12

    vman12 Well-Known Member Past Donor

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    Muh avacados went up a nickel.
     
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  12. US Conservative

    US Conservative Well-Known Member Past Donor

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    From the comments section (Breitbart still has a comments section):

    Economic theory 101 says prices should have risen. But sometimes Swamp Land's so-called "experts" are mired in Theory 101 and real world factors and complexities elude them.

    So Donald the Disruptor comes along and challenges status quo thinking, and look who's correct. Things will not always work out as Trump expects, which is why you constantly hear our Pragmatic President remarking, "We'll see what happens."

    On the other side of the partisan divide, we have Sleepy Creepy still in the lead. He promises to keep doing things just the way they've always been done for 40 years. How did that work out for you America?
     
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  13. Socratica

    Socratica Newly Registered

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    You'd rather people suffer than Trump have another term in office? That's rather mentally unstable.
     
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  14. US Conservative

    US Conservative Well-Known Member Past Donor

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    Warren and Sanders would gut the economy and smile while doing it.
     
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  15. Socratica

    Socratica Newly Registered

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    So I won't need to repeat myself.
     
  16. Andrew Jackson

    Andrew Jackson Well-Known Member

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    A nickel here a nickel there, next thing you know Jeff Besos is at the Homeless Mission.

    It adds up.:salute:
     
  17. US Conservative

    US Conservative Well-Known Member Past Donor

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    Some people just want to see the world burn.

    Bill Mahar has said he wants the same.
     
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  18. vman12

    vman12 Well-Known Member Past Donor

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    You'd love reporters to call up foreign companies?
     
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  19. vman12

    vman12 Well-Known Member Past Donor

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    Sure, in a few hundred years I'm sure it'll sting.
     
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  20. vman12

    vman12 Well-Known Member Past Donor

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    LoL "suffering".

    Says the people sending our jobs overseas who want to tax us into prosperity and give everyone in south and central america free everything.
     
  21. US Conservative

    US Conservative Well-Known Member Past Donor

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    Marine1, JET3534 and Ddyad like this.
  22. cristiansoldier

    cristiansoldier Well-Known Member

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    Yes they would but it is articles like this that would provide them ammunition. You cannot increase taxes on businesses without a corresponding increase in price or decrease in cost. What sellers can no longer increase prices that start cutting cost and the first cost that usually gets cut are jobs.
     
  23. vman12

    vman12 Well-Known Member Past Donor

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    Good thing China doesn't care about it's workers then.
     
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  24. Socratica

    Socratica Newly Registered

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    No one is interesting taxes on businesses... Quite the opposite.
     
    Last edited: Jul 12, 2019 at 4:38 PM
  25. US Conservative

    US Conservative Well-Known Member Past Donor

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    Whats funny is the world is watching whats happening.

    China is hoping to "renegotiate" with Biden.

    Biden is China's man.

    And his son made insane amounts of money there.
     
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