Will tariffs make America great?

mikegriffith1 said:
Yikes. FYI, China, the EU, South Korea, and Japan, to name a few nations, have been using tariffs for decades to protect key industries and products.

America used tariffs--really high tariffs--for decades, from the late 1800s through the 1950s--to become the industrial and economic powerhouse of the world.
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Your grasp of economics and history is only rivaled by your grasp of medical science.
 
dirtywick said:
. . . so when mike griffith says something like look at how good tariffs did in the 1860s
, you should be asking what's that got to do with what trump is doing now? is he carefully using them in specific industries, or using them to yell at canada and europe on twitter?
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Abso ◊◊◊◊◊◊◊ lutely nothing.
 
Resume said:
Abso ◊◊◊◊◊◊◊ lutely nothing.
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i agree. there's a pretty massive distinction between a tariff targeted at a specific industry for a strategic purpose in conjunction with some other legislation and spending projects to bolster and industry, and even that comes at a cost, and trump's tariff until imaginary fentanyl shipments stop and you guys figure the rest out method. it's just completely absurd.

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another important thing about tariffs imo beyond the direct economic impact is that they're basically an act of hostility.
 
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Trump grew up as a businessman in the time where fear of Japan stealing all of US jobs and economic power was on everybody's lips.
It's not a stretch to assume that in his ripe old ages, he conflates what is happening now with this past, even though things couldn't be more different.
Trump lives in the last century, and so fights old battles and ignores current issues - because it's too much effort to learn anything about anything.
 
Great is relative. After the deprivation, starvation, and social upheaval, the population might be receptive to making America more like China.
 
Orphia Nay said:
US wine importers say the 200% tariff will kill demand.

apnews.com

US wine shops and importers say Trump's threatened 200% tariff on European wines would kill demand

The U.S. is suddenly looking less bubbly for European wines. President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey.
apnews.com apnews.com
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Only with and by the middle class. There are some people (aka The Filthy Rich)who will jump at the chance to show off by buying $110 a bottle plonk with a fancy name. I mean they do it right now.
 
I wonder how this will affect prices in my state where the government conducts all liquor distribution and applies a statutory markup of 88.5%. Unlike other states that may try to soften the blow with smaller margins, Utahns will pay through the nose.
 
JayUtah said:
I wonder how this will affect prices in my state where the government conducts all liquor distribution and applies a statutory markup of 88.5%. Unlike other states that may try to soften the blow with smaller margins, Utahns will pay through the nose.
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The poor will not be able to afford the cheapest stuff and will turn to the local bootlegger. The middle class will buy "less good" stuff at the same price they used to pay for the "good stuff" . And the rich will just spend whatever it costs to show how rich they are.
 
Olmstead said:
That might be the actual result, but it's hard to find an interpretation where current Russia could be considered "great".
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Putin's friends differ with you, Russia is the best place in the World even though you have to park your yacht in Monaco and buy your clothes in Savile Row.
 
Olmstead said:
Great is relative. After the deprivation, starvation, and social upheaval, the population might be receptive to making America more like China.
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As long as they can build re-education camps like for the Uyghers but for any "others" they don't like seeing on the street. Like brown people, or drag queens.
 
Orphia Nay said:
US wine importers say the 200% tariff will kill demand.

apnews.com

US wine shops and importers say Trump's threatened 200% tariff on European wines would kill demand

The U.S. is suddenly looking less bubbly for European wines. President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey.
apnews.com apnews.com
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So if France ships wine via Andorra, which is not tariffed by the USA, it won't cost a fortune after all? I look forward to trying Andorran "champagne"!
 
Norman Alexander said:
So if France ships wine via Andorra, which is not tariffed by the USA, it won't cost a fortune after all? I look forward to trying Andorran "champagne"!
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I seem to remember it was quite a long time before it emerged a lot of 'Bulgarian' wine was South African, smuggled around apartheid-era embargoes.
 
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