Will tariffs make America great?

acbytesla said:
Tarriffs are consumption taxes. 25% tarriffs will all be passed on to consumers, not stockholders. It will take its toll on everything you buy that comes from outside the US. And US manufacturers will increase prices on goods because they can. This will be a soul crushing levy that will affect everyone. Especially those trying to get ahead.
Click to expand...
It’s not middle class tax that is the issue. It’s inflation which disproportionately effects the poor.
 
US dollar suffers worst start to a year since 1973 over Trump tariff concern (New York Post, July 1, 2025)
The US dollar suffered its worst first-half decline in more than 50 years as fears over President Trump's tariff policies have driven down the world's principal reserve currency.
The greenback weakened 10.7% in the first six months of the year compared to a basket of currencies from major trading partners - the worst drop since 1973 when President Nixon stopped tying the dollar to the price of gold.
Click to expand...

US Dollar Tanks to History Low (Secular Talk on YouTube, July 3, 2025 - 8:32 min.)
 
lionking said:
It’s not middle class tax that is the issue. It’s inflation which disproportionately effects the poor.
Click to expand...
And the threat of Trump's tarrifs has led to much of the inflation because it is tanking the dollar. And the tarriffs increase the cost on everything we buy.

Double whammy!

Tarriffs have never worked. And they won't work now.
 
Last edited:
acbytesla said:
And the threat of Trump's tarrifs has led to much of the inflation because it is tanking the dollar. And the tarriffs increase the cost on everything we buy.

Double whammy!

Tarriffs have never worked. And they won't work now.
Click to expand...
I might have said this earlier in this thread, but Australia realised this in the 1970s. Our inefficient industries like clothing and car manufacturing were protected by massive tariffs. We got rid of them, re-employed workers in other industries and have never looked back. We haven’t had a recession for decades, are about number 13 in the world economic rankings and have the highest average retirement income in the world.

Tariffs are toxic.
 
lionking said:
I might have said this earlier in this thread, but Australia realised this in the 1970s. Our inefficient industries like clothing and car manufacturing were protected by massive tariffs. We got rid of them, re-employed workers in other industries and have never looked back. We haven’t had a recession for decades, are about number 13 in the world economic rankings and have the highest average retirement income in the world.

Tariffs are toxic.
Click to expand...
To be fair, we also gave up our local vehicle manufacturing industry, and a very large percentage of our local steel-making capability. Our "value" in metals is the large lumps of Western Australia that we dig up, crush and ship to Asia for processing into useful product.
 
lionking said:
I might have said this earlier in this thread, but Australia realised this in the 1970s. Our inefficient industries like clothing and car manufacturing were protected by massive tariffs. We got rid of them, re-employed workers in other industries and have never looked back. We haven’t had a recession for decades, are about number 13 in the world economic rankings and have the highest average retirement income in the world.

Tariffs are toxic.
Click to expand...
In 1930, the United States passed the Smoot Hawley Tarriff Act. Look it up.
 
Norman Alexander said:
To be fair, we also gave up our local vehicle manufacturing industry, and a very large percentage of our local steel-making capability. Our "value" in metals is the large lumps of Western Australia that we dig up, crush and ship to Asia for processing into useful product.
Click to expand...
Correct. We got it right
 
The Don said:
Especially those whose wage is the minimum wage or is set relative to the minimum wage.
Click to expand...
Yeah, about that whole minimum wage thing...that's on the list to go, too. It'd be foolish to keep it once all those alligator concentration camps are doing labor for free. That's just common sense.
 
TragicMonkey said:
Yeah, about that whole minimum wage thing...that's on the list to go, too. It'd be foolish to keep it once all those alligator concentration camps are doing labor for free. That's just common sense.
Click to expand...
Be good to a put a sign up for the inmates to read when they are bused in, something pithy like "Work sets you free".
 
Darat said:
Be good to a put a sign up for the inmates to read when they are bused in, something pithy like "Work sets you free".
Click to expand...
Don't be silly, it's about slavery, not extermination. Sometimes I feel people are just trying to look on the bad side!
 
acbytesla said:
In 1930, the United States passed the Smoot Hawley Tarriff Act. Look it up.
Click to expand...
And now you cannot find a Smoot or Hawley in the shops, Smoot Hawley manufacturing was destroyed by the tarriffs, and the skills needed to make them are now a lost art.
 
Planigale said:
And now you cannot find a Smoot or Hawley in the shops, Smoot Hawley manufacturing was destroyed by the tarriffs, and the skills needed to make them are now a lost art.
Click to expand...
Trump will bring all that back. People will be trained to fit lots of tiny little Smoots into every Hawley industry can produce, and they'll be turning them out like crazy, like nobody ever saw before. Best Smoot Hawleys in the world and people don't know that. It's a shame. It's going to be unbelievable.
 
W.D.Clinger said:
A private firm, ADP, estimated that US government figures would show a loss of 33,000 jobs in June. This prediction was widely reported. CNN was not wrong when it reported ADP's estimate, and was not wrong when, hours later, it reported the US government figures.

Maria Baltiromo of Fox News was reporting a more optimistic estimate of 95,000 jobs gained when someone showed ADP's estimate to her.

Both estimates were issued prior to the US government's release of its own preliminary figures. Baltiromo's mistake lay in relying upon expert guesstimates instead of waiting for the government to release its data.

Relying upon guesstimates instead of waiting for actual data is a mistake often made at ISF as well as Fox News.
Click to expand...
My guess is that ADP's guess is much more accurate than the government's.
 
You must log in or register to reply here.

Back
Top Bottom