Who pays tarriff imposed by TARRIFFMAN? The tarriffer, or the tariffEE?

So these two policies have something in common that makes both of them improper to you?

 

Just for the record, what difference does it make who pays the tariff? In a sense, both parties pay the tariff. Either way, it's improper. Why should a chinese businessman be charged extra for making and selling stuff to me? Why should I be charged extra for wanting to buy it from him?

 

A tariff only hurts the consumer by driving prices up on goods and services.

The costs of the tariff are passed along to the consumer. Nothing more.

 

Americans are hooked on Chinese products and will pay for any price increases. Certain imports like steel and lumber prices will go up and likely stay up for years,

 

IT is SOOOOOOOOOOOOO bloody clear. Trump gave away the storehouse, so the rich would be flush with cash. Then he went around the world belligerently, making enemies, and breaking every norm and tradition, and simple respect, for others.

Trump thought he would be the REAGAN of this generation. HE gave the storehouse, and makes importing equal with making. HE is CHARGING US A TAX, to force us into remanufacturing our economy. As if FACTORY jobs are coming back.

The problem is, IN PART, the rich have ZERO respect, loyalty, duty to AMERICA. And they pocket any cash they are given by US, as they periodically do, and arrogantly put it into NON community supporting enterprises.

Greeenspan talks about this, and why his economy FAILED. Due to the SELFISH RICH. I will post the link if I must.

The rich are MUCH like Trump. They don't give a **** about you or I. They have their cocoon. Trump will get NO charity economic growth. They will take it like they always do. Wouldn't you?

 

25% is a NO BRAINER. IT will/would take years to TOOL UP, for that kind of production. So, in the near term, we all pay more for anything we need.

 

That 8% number does sound like it could be right. It's hard to know for sure how much steel passes through other countries on its way here.

The issue is that that 8% is driving prices down, below what US manufacturers can meet. Ordinarily, we might say that such price competition is a good thing. However, if we believe that there is a strong national interest in maintaining internal control of some level of steel production, some steps might be taken in order to support our steel industry.

The oversupply of steel is not solely an issue for the USA. It is a global issue. Other nations have responded by exporting their steel at lower prices than they sell it for internally. This is a distortion of the normal market pricing structure.

China accounts for one-half of global steel production. While the biggest part of that is for internal use, they comprise apx. 8% of global exports. Again, that 8% comes to market at prices that no other country can meet without support. Thus, all of the global producers are feeling the pressure.

In order to restore normal market pricing of steel production and consumption, the global oversupply must (and will, eventually by market forces) be reduced. As the current philosophy is the necessity of maintaining healthy producers in the USA, and noting that China produces half of the world's steel, we might be trying to persuade them to make the biggest cuts in production.
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Tariffs will only cause prices to rise if the market is willing to pay the higher prices.
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It's difficult to tell what specific force causes any specific result. Maybe it's an act of faith on my part, but I do believe that the tariffs have contributed to the drop in value of the yuan. I mean that that contribution is a natural result, not due to currency manipulation.

 

Lows?



More than one way to raise prices on aluminum.

President Donald Trump took a victory lap on Twitter Friday, saying aluminum prices are down about 12 percent since his tariffs were implemented.
While Trump’s figure is mostly accurate, as far as the price of the metal traded on the London Metal Exchange is concerned, the president failed to point out that the impact of tariffs was reflected mostly in the added cost U.S. buyers pay to have the metal delivered. Those premiums have soared 26 percent since he announced the levies on shipments on March 1, 2018, muting the impact of lower global prices.
https://www.bloomberg.com/news/arti...-aluminum-prices-but-americans-still-pay-more

 

You post nonsense like this and them turn around and accuse other people of being "overly simplistic"......ROTF.

The end user ALWAYS pays the cost of a tariff.

It does not matter whether the end user buys from a domestic source or an import.

Protectionism, which is what tariffs are, raise the cost of goods in the country imposing the tariffs, by using a tax on imports to protect a domestic market that is not competitive otherwise.

So, in every country where this type of idiotic trade policy has been tried, prices to the end user rose.

In a protected market, the importers set the price. As long as they have to charge more, the domestic suppliers simply raise their prices.

And the standard of living of people in the taxing country gradually shrinks, because they are paying more for the same or inferior products than citizens of other countries.

That has been the case in every single country that has tried to build a trade wall around itself. They get left behind.

 

Actually the 8% number is Russia. China is 2.9%.
China was already cutting back on steel production before tariffs. Even China doesn't want to make steel just for the fun of it over the long term.

Is there a replacement for steel I don't know about?

 

The price of at least 5,745 Chinese goods imported into the USA will go up by at least 15% to pay for the jump from 10% to25% in tariffs.Everything from minerals to food,clothing,electronics,smart watches you name it the price will go up by at least 15%.

 

The markets are still optimistic. Because of that, Trump hasn't done too much damage ... yet.

CNBC reports, "A global stock market sell-off started to ease on Friday despite the U.S. fulfilling a promise to ramp up tariffs on Chinese goods.

"The U.S. hiked tariffs from 10% to 25% on $200 billion worth of Chinese goods at 12:01 a.m. ET Friday. In response, Beijing said it "deeply regrets" the tariff hike and would take countermeasures — though no specifics were provided.

"Markets across the globe initially fell overnight but were quick to bounce back and trade higher. In Asia, mainland Chinese stocks jumped with the Shanghai composite rising more than 3%. In Europe, the pan-European Stoxx 600 traded nearly 1% higher in early deals with the German DAX up by the same amount. Stateside, Dow futures initially slipped and pointed to nearly triple-digit losses at the open, but soon recovered.

"Uncertainty over trade talks will linger, but some analysts believe investors are still optimistic that the world's two-largest economies will avoid a full-blown trade war."

So far the incompetent President hasn't done too much damage mostly because he is ignored. Let's hope for the best and pray Trump has not started a decline in the two largest economies in the world, precipitating a global recession.

 

I see you looked very closely.

http://steelbenchmarker.com/files/history.pdf

 

"Is there a replacement for steel I don't know about?"

I can't know whether, or not, you know of them.

There are options:

The manufacturer absorbs the tariff by reducing costs or profits.

The home country provides relief to the manufacturer.

The customer uses a substitute material.

The customer uses less steel in the final product.

The customer stops making the product.

 

obviously. disproportionate return isn't really something to care about in a free society, is it?

 

So what happens when a different exporter without those tariffs decides to start selling that product Such as India or Nigeria? You act like China is the only country where there are factories and cheap labor. Make no mistake the Chinese suppliers will lose business and they know it because they are not the only game in town. Also yes we the consumer will pay more. Some of us though feel that is an acceptable outcome to convince the Chinese that stealing out technology, manipulating their currency, and in general being predatory in their trade practices is unacceptable.

 

Now you got it! Your starting to think like Spanky...
It's not important that I help America as long as I hurt China.

 

In the long run protecting our intellectual property rights, our future trade from currency manipulation, and other abuses by China IS helping America. How is it not?

 

The Trumpers don't get it... I think it's cause they don't want to.
Almost every American company is doing business in China. They are selling about $250 billion a year to China from their joint companies and shipping the rest back to America and other countries.
They are not going to give that market up.
http://www.jiesworld.com/international_corporations_in_china.htm
What currency manipulation?

 

Prices may rise temporarily, but once the reduction in standard of living (all time high) the Chinese people feel, it may threaten the Communist Government with civil unrest. They are self preserving and will cave.

 

A part of the trade talks is to prevent future manipulation. China for a few years has not done it though they were famous for it for much of the nineties.
https://www.economicshelp.org/blog/2388/economics/chinese-currency-manipulation/

As to those businesses that is one of the problems right there. The fact that they have to share their intellectual property rights with a Chinese company in order to sell there is huge.
https://www.usatoday.com/story/opin...tual-property-peter-navarro-column/563151001/

Oh and I am not a Trumper, didn't vote for him and I do not worship the man. But I can agree with some of his policies even while disagreeing with the mans behavior. Of course I am starting to lean towards maybe voting for him next election depending on who the Libertarians put up and if he gets us into a war. He does that then no way.

 

Good jobs and higher prices or no jobs and lower prices. The goal here is to off set unfair trade advantages. Not a dime Have I lost.

End users pay the cost of everything anyone does. The point is that it hurts the TArriffed supplier though because his customers will try to buy else where if they can get a better price and the higher the tariff the easier it is to find a cheaper supply. And elsewhere is from their fellow American who aren't tariffed. In the end you wind up with more and better paying American jobs to help offset the cost increase and fewer jobs in China.
If you truly think letting China continue with business as usual even as they continue to plot world domination you are out of your gourd.

 

Those are your words to own.

 

If this was helping China, they would not be complaining and dickering with Trump for a better deal.

 

China must hate this given they are negotiating. Trump puts America first, not China.