Rand Paul - Tariffs are taxes on top of taxes

[TheCount]

All of the jobs were getting outsourced to other countries.

Thats how the USA was getting cut out of the world order

That's not a trade barrier.

.

In 1990, the United States accounted for approximately
26.3% of the global manufacturing output.

In 1990, China accounted for only 2.7% of the global manufacturing sector. By 2020, this figure had risen to 35%.

Also not a trade barrier.

 

[nikcers]

That's not a trade barrier.


Also not a trade barrier.

I posted the trade barriers. Trade barriers like charging fees and imposing regulations and taxes.

They have even tried to offshore their censorship laws on our tech companies.

So that if the EU created a rule for censorship it would apply to our companies and our companies would impose them on us.

The EU was essentially created in order to screw the USA on trade.

The rest of the world did this on their own accords to destroy the US as a super power because these global interests thought that there was no need for the USA to counter balance the Soviet Union or communist China because we let them into the fold and they have strong economies.

Thats why the USA almost got taken out of the world order. Our country was almost dead just 10 years ago.

 

[TheCount]

I posted the trade barriers.

No, you said that there were trade barriers. You're talking point deep.

Trade barriers like charging fees and imposing regulations and taxes.

Like.. tariffs?

They have even tried to offshore their censorship laws on our tech companies.

So that if the EU created a rule for censorship it would apply to our companies and our companies would impose them on us.

If they did?

Thats why the USA almost got taken out of the world order. Our country was almost dead just 10 years ago.

I thought you said that outsourcing took us out of the world order. Now it's something else?

 

[Swordsmyth]

Goldman Finds “Sharp Declines” In Import Prices As Foreigners Absorb Trump’s Tariffs​

FREEDOMBUNKER – The Best Libertarian News From The Best Libertarian Sites, Daily.

freedombunker.com

 

[acptulsa]

Goldman Finds “Sharp Declines” In Import Prices As Foreigners Absorb Trump’s Tariffs​

FREEDOMBUNKER – The Best Libertarian News From The Best Libertarian Sites, Daily.

freedombunker.com

But what Americans pay doesn't go down at all. More of it just goes to government, to either be used against us or to be forwarded to Israel.

 

[Swordsmyth]

But what Americans pay doesn't go down at all. More of it just goes to government, to either be used against us or to be forwarded to Israel.

Actually, the tariffs have already helped give tax cuts to America, and they will continue to help replace other taxes so Americans pay less.

 

[acptulsa]

Actually, the tariffs have already helped give tax cuts to America

There are no tax cuts.

 

[Snowball]

But what Americans pay doesn't go down at all. More of it just goes to government, to either be used against us or t. o be forwarded to Israel.

Totally misleading headlines. Irresponsibly so. Makes me question their agendas.

The Goldman Sachs and Morgan Stanley data ONLY looked at passenger cars from the EU and Japan.

This tells us NOTHING about the mass bulk of imports which are not passenger cars.

The only thing this actually tells us is that Japan and EU had a glut of ready-to-export passenger cars they had to unload.

 

[unknown]

Actually, the tariffs have already helped give tax cuts to America, and they will continue to help replace other taxes so Americans pay less.

Wish Trump could know how much of a warrior you were for him.

 

[nikcers]

"This is absolutely devastating to the idea that tariffs are a tax"

...The Pricing Lab at Harvard Business School, shows that since Liberation Day when tariffs were announced, the prices of imported goods in tariff-affected categories are up by less (just 1.13 percent) than domestically produced goods in unaffected categories (up by 1.25 percent).

In other words, the stuff directly subject to tariffs has risen by less than the prices of stuff not even indirectly subject to tariffs. If we annualize the gains, tariffed imports are up 2.41 percent and non-tariff affected domestic goods are up 2.76 percent.

But wait. There’s more. Or less, really. The prices of domestically produced goods in categories affected by tariffs—that is, U.S. made goods competing with imports—are down 0.67 percent since Liberation Day.

*That works out to an annualized decline of 1.42 percent.*

Breitbart Business Digest: Tariffs Are Reducing Prices and Humiliating Economists

The prices of goods affected by tariffs fell in August, crushing the hopes of everyone at the Cato Institute.

www.breitbart.com

 

[Invisible Man]

...The Pricing Lab at Harvard Business School, shows that since Liberation Day when tariffs were announced, the prices of imported goods in tariff-affected categories are up by less (just 1.13 percent) than domestically produced goods in unaffected categories (up by 1.25 percent).

What's an example of an unaffected category?

 

[nikcers]

What's an example of an unaffected category?

Tariff Tracker – HBS Pricing Lab

www.pricinglab.org

 

[Invisible Man]

Tariff Tracker – HBS Pricing Lab

www.pricinglab.org

You used the word "unaffected." That's what my question was about.

 

[nikcers]

You used the word "unaffected." That's what my question was about.

Thats how the price website says it groups things. Its updated in real time and there is a plot line on the website.

This figure shows daily price indices for three product groups: imported goods, domestic goods in tariff-affected categories, and domestic goods in unaffected categories.

Affected domestic categories include either (1) HS codes subject to tariff changes or (2) COICOP categories with more than 50% of items classified as imported.

 

[Invisible Man]

Thats how the price website says it groups things. Its updated in real time and there is a plot line on the website.

This figure shows daily price indices for three product groups: imported goods, domestic goods in tariff-affected categories, and domestic goods in unaffected categories.

Affected domestic categories include either (1) HS codes subject to tariff changes or (2) COICOP categories with more than 50% of items classified as imported.

So you're not actually trying to say there are unaffected categories.

That's good. In the post where you used that phrase you didn't put it in quotation marks, which made it look like those were your words.

 

[nikcers]

So you're not actually trying to say there are unaffected categories.

That's good. In the post where you used that phrase you didn't put it in quotation marks, which made it look like those were your words.

Of course there are going to be things that are not affected by tarrifs.

Prices are subject to the laws of supply and demand.

Just look at the price of a used electric cars for example.

Someone mentioned that these are losing significant amounts of their "price" because there is not a demand for used electric cars.

Prices are determined by people's feelings.

Something can be priceless just somebody just because somebody feels that it is.

The warnings that tarrifs would price the United States out of buying goods and ruin the economy have been decimated.

The economy has been growing since Liberation day.

"US economy notches fastest growth pace in nearly two years in second quarter"

US economy notches fastest growth pace in nearly two years in second quarter

The U.S. economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment, though momentum appears to be slowing as the effects of tariffs and policy uncertainty start to filter through.

www.reuters.com

 

[acptulsa]

The warnings that tarrifs would price the United States out of buying goods and ruin the economy have been decimated.

From the article this brainless bot linked in the very same post:

"WASHINGTON, Sept 25 (Reuters) - The U.S. economy grew faster than previously estimated in the second quarter amid strong consumer spending and business investment, though momentum appears to be slowing as the effects of tariffs and policy uncertainty start to filter through."

Too bad nobody thought to program it to read things before it links to them.