Tariffs Explained - Pyramyd AIR Insyder

[SpiralGroove]

We raise the tariff on them and they raise it on us to balance it out. The consumer takes the hit. Not only that, the retail tax generated increases adding even more to the bottom line at the register.
2 words come to mind.... Greed and Laziness.

No Avator,
Financially Naive Policy making …. creating higher prices and reduce trade.
Consumers mostly EAT this cost. There’s a reason why tariffs deepened the Great Depression ….. this is basic Economics 101.

 

[Ratzy]

No Avator,
Financially Naive Policy making …. creating higher prices and reduce trade.
Consumers mostly EAT this cost. There’s a reason why tariffs deepened the Great Depression ….. this is basic Economics 101.

Yep, Smoot-Hawley Tariff Act was actually the tipping point from a recession to the Depression.

I keep pointing out that broad based tariffs have never worked. Just look at the Brazilian economy. They have severely limited their economy with all of their tariffs and manufacturing requirements.

 

[greenbeans]

No Avator,
Financially Naive Policy making …. creating higher prices and reduce trade.
Consumers mostly EAT this cost. There’s a reason why tariffs deepened the Great Depression ….. this is basic Economics 101.

I think he’s saying the same basically

 

[Ratzy]

I think he’s saying the same basically

He did

 

[Avator]

Pretty much. But either way.. I stand behind what I said.

 

[SpiralGroove]

Pretty much. But either way.. I stand behind what I said.

Yeah Avator,
You pretty much always have something insightful to say .

 

[Trucker3573]

Yep, Smoot-Hawley Tariff Act was actually the tipping point from a recession to the Depression.

I keep pointing out that broad based tariffs have never worked. Just look at the Brazilian economy. They have severely limited their economy with all of their tariffs and manufacturing requirements.

This has been the problem with the implementation of these tariffs. What is the end goal ? Just broad based tariffs in general or a negotiation tool toward better deals ? It has seemed both at times and completely unclear

 

[Ratzy]

This has been the problem with the implementation of these tariffs. What is the end goal ? Just broad based tariffs in general or a negotiation tool toward better deals ? It has seemed both at times and completely unclear

Mercurial, petty and ignorant.
The problem is the person implementing them has no real appreciation of the effects. Ego driven and just pulling the levers of power to punish those he thinks have offended him in some way. Prime example the executive orders targeting law firms.

For the most part the effects are felt in the low and middle income sectors. The consumer class. Those that actually are the core of the economy.

The investor class are pretty much immune to the effects as they just move their money into devices that are protected from inflation or blue chips and wait for the market to settle.

 

[SpiralGroove]

Mercurial, petty and ignorant.
The problem is the person implementing them has no real appreciation of the effects. Ego driven and just pulling the levers of power to punish those he thinks have offended him in some way. Prime example the executive orders targeting law firms.

For the most part the effects are felt in the low and middle income sectors. The consumer class. Those that actually are the core of the economy.

The investor class are pretty much immune to the effects as they just move their money into devices that are protected from inflation or blue chips and wait for the market to settle.

Couldn't have said it better .