How tariffs will jack up the prices of automobiles..

[confused2]

My guess is that "Trump's Tariffs" started life as a joke. The 'tell' being divided between calling 'trading imbalance' a 'tariff' and the inclusion of penguins. Perhaps the original challenge was that no-one would be stupid enough to fall for either and certainly not both at the same time.

Exhibit A: Trump
Exhibit B: Syne and his many followers.

Then.. and only then.. do we see..

"Laffer, who served as an economic adviser to the late President Ronald Reagan, explained that strategy in detail ... and argued that President Donald Trump’s initial plan — to use the tariffs solely as leverage for negotiating fairer trade relationships all around — was effectively an exit strategy from the start."

I only know what I think is true.

[Syne]

Any simpleton should easily understand that a trade imbalance is where they can compete more freely in your market than you can in theirs. It's not rocket science.
And anyone could route goods through a non-tariffed country to avoid tariffs. Hence "penguins."

Both may be beyond you though.

[confused2]

Any simpleton should easily understand that a trade imbalance is where they can compete more freely in your market than you can in theirs. It's not rocket science.

Ok, you don't know what a tariff is. Generally known as a tax paid by the consumer - for many years the USA didn't even have (or need) income tax - as a result of tariffs on imports.

And anyone could route goods through a non-tariffed country to avoid tariffs. Hence "penguins."

Of thousands, if not millions, of places they could have chosen - they went with Penguins - it's called a 'tell'.

[Syne]

Do you really think you tell anyone something they don't know? Really? Are you that dense?
Whether you can use tariffs for revenue depends on which of the 3Rs is your goal in using them.

[Zinjanthropos]

In essence, nothing Americans manufacture will now cost less in USA. Prices remain the same or increase to be close to that of tariffed imported goods(greed kicks in at some point). Dollar stores might as well close up.

[confused2]

In essence, nothing Americans manufacture will now cost less in USA. Prices remain the same or increase to be close to that of tariffed imported goods(greed kicks in at some point). Dollar stores might as well close up.

Americans are going to be so rich they won't need dollar stores.

[Magical Realist]

I'm so rich I never look at the price of what I buy. I usually order everything from Amazon. Next day shipping has spoiled me. Just ordered a pair of Skechers sneakers for 70 bucks! Meh..

[Magical Realist]

Trump's grand vision for America...lol!

https://www.facebook.com/reel/677070088191001

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Trump backing off on tariffs already? What a dumbass..

CNN
—
"President Donald Trump announced a complete pause on all the “reciprocal” tariffs that went into effect at midnight, with the exception of China.

Tariffs on China will be increased to 125% from 104%, he said.

Trump in a Truth Social post Wednesday said he has “authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump said in his social media post. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” he wrote.

Stocks rocketed higher on the news, with the Dow surging 2,200 points, or 5.9%. The S&P 500 rose 6.5% and the Nasdaq was more than 8% higher.

Trump, however, did not indicate he was pausing the 10% universal tariff on all trading partners, with the exception of Canada and Mexico, that went into effect over the weekend. Therefore, countries that were subjects of reciprocal tariffs will continue to have a 10% tariff levied on them.

This is a developing story and will be updated."

[Syne]

If you're not a moron, you know that these tariffs only exist to make countries negotiate freer trade deals.

Wasn't someone here touting free trade? @_@

[Magical Realist]

IOW, simply negotiating was the key. Starting a trade war and pissing everybody off and crashing the stock market not so much..