Tariffs explained

[Pack Rat]

The Economist is a respected newspaper. Explaining simply the costs of Trump's tariffs.



https://www.tiktok.com/t/ZT2xApV3q/

[saxitoxin]

The United Autoworkers is a respected labor union representing 1 million working-class Americans that endorsed Biden in 2020 and Kamala in 2024. They don't read publications like The Economist, the longtime journal of the transnational capitalist class.

The UAW explains simply why they're now backing Trump and backing his pro-working class, pro-social justice tariffs.

↓

Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals. We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class.

There’s been a lot of talk of these tariffs “disrupting” the economy. But if corporate America chooses to price-gouge the American consumer or attack the American worker because they don’t want to pay their fair share, corporate America bears the blame for that decision. The working class suffered all the pain of NAFTA, and we won’t suffer all the pain of undoing NAFTA.

The UAW is in active negotiations with the Trump Administration about their plans to end the free trade disaster.

https://uaw.org/uaw-statement-on-new-tariff-action/

The Democratic coalition continues to wither and die.

[Pack Rat]

The United Autoworkers is a respected labor union representing 1 million working-class Americans that endorsed Biden in 2020 and Kamala in 2024. They don't read publications like The Economist, the longtime journal of the transnational capitalist class.

The UAW explains simply why they're now backing Trump and backing his pro-working class, pro-social justice tariffs.

↓

Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals. We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class.

There’s been a lot of talk of these tariffs “disrupting” the economy. But if corporate America chooses to price-gouge the American consumer or attack the American worker because they don’t want to pay their fair share, corporate America bears the blame for that decision. The working class suffered all the pain of NAFTA, and we won’t suffer all the pain of undoing NAFTA.

The UAW is in active negotiations with the Trump Administration about their plans to end the free trade disaster.

https://uaw.org/uaw-statement-on-new-tariff-action/

The Democratic coalition continues to wither and die.

Are you making this all up? Your tales are getting longer every day.

The tariffs will severely hurt the auto industry and the auto workers.

...meanwhile Republicans are running for their lives from their own Town Hall meetings, lol!

[saxitoxin]

The United Autoworkers is a respected labor union representing 1 million working-class Americans that endorsed Biden in 2020 and Kamala in 2024. They don't read publications like The Economist, the longtime journal of the transnational capitalist class.

The UAW explains simply why they're now backing Trump and backing his pro-working class, pro-social justice tariffs.

↓

Tariffs are a powerful tool in the toolbox for undoing the injustice of anti-worker trade deals. We are glad to see an American president take aggressive action on ending the free trade disaster that has dropped like a bomb on the working class.

There’s been a lot of talk of these tariffs “disrupting” the economy. But if corporate America chooses to price-gouge the American consumer or attack the American worker because they don’t want to pay their fair share, corporate America bears the blame for that decision. The working class suffered all the pain of NAFTA, and we won’t suffer all the pain of undoing NAFTA.

The UAW is in active negotiations with the Trump Administration about their plans to end the free trade disaster.

https://uaw.org/uaw-statement-on-new-tariff-action/

The Democratic coalition continues to wither and die.

Are you making this all up?

Those blue letters with the underline? That's called a hyperlink. If you hover your cursor over it and then depress the main key of your mouse it opens a link to a website. In this case, the website is that of the United Autoworkers. You're welcome! Let me know if you have other questions.

[KoolBak]

Well played

*polite clapping*

[Pack Rat]

:lol: Well played

*polite clapping*

What a well thought out comment Koolbak! Now pick up all those empty bottles on the floor, we wouldn't want you to hurt yourself as you stumble back into your bedroom.

[Pack Rat]

The Wall Street Journal says brace yourself for a recession.

https://www.wsj.com/economy/trade/tarif ... n-235fffeb

The world economy could face a crash similar to the Great Depression of the 1930s

[jusplay4fun]

Pack Rat's predictions are beginning to sound like THE SKY IS FALLING when Saxi was talking about COVID and the mRNA vaccines. LOTS of hyperbole and Sound and Fury.

and do not forget that p-rat made similar projections before:
https://www.conquerclub.com/forum/viewtopic.php?f=8&t=241232&p=5329265&hilit=sky+is+falling#p5329265

more news that the SKY IS FALLING, by our resident rat:
https://www.conquerclub.com/forum/viewtopic.php?f=8&t=236960&p=5321442&hilit=sky+is+falling#p5321442

and poor-Ralph, btw: did he disappear?? Into saxi's basement, locked up with NO internet access??
https://www.conquerclub.com/forum/viewtopic.php?f=8&t=240449&p=5307333&hilit=sky+is+falling#p5307333

and saxi, too:
https://www.conquerclub.com/forum/viewtopic.php?f=8&t=237910&p=5248306&hilit=sky+is+falling#p5248306

https://www.conquerclub.com/forum/viewtopic.php?f=8&t=236843&p=5236469&hilit=sky+is+falling#p5236469

https://www.conquerclub.com/forum/viewtopic.php?f=8&t=235686&p=5235567&hilit=sky+is+falling#p5235567

[Pack Rat]

Just your average MAGA supporter:

https://www.tiktok.com/t/ZT2Qk2cG3/

show

Stupid is, what stupid does.

[jusplay4fun]

Just your average MAGA supporter:

https://www.tiktok.com/t/ZT2Qk2cG3/

[b][spoiler]Stupid is, what stupid does.

You keep piling on to the proof that you are SO SILLY, pack rat. Keep proving that with more drivel, insults, and useless Tiktok posts. And you cannot even get the quote from Forest Gump correct.

And posting videos on tariffs does not mean you comprehend the concept.

You need to read Trump: The Art of the Deal
Book by Donald Trump and Tony Schwartz

[Pack Rat]

Trump was a bad business man, but a great crook.

[jusplay4fun]

[b]Trump was a bad business man, but a great crook.

And you totally MISS and/or ignore my points made in my previous post. I consider them, then, as points you will concede to me, and thus another set of LOSSES for our resident p. rat.

Your statement above is merely more of your incessant drivel and insults. That is almost low enough to rank as NOT WORTHY of another response by me.

[jusplay4fun]

Now for some ACTUAL insights about tariffs. For now, this should be sufficient (all from one website, btw) and should ease the anxieties of those who think pack rat may have a valid point:

What you need to know:

On March 4, President Donald Trump proceeded with implementing tariffs on Canada and Mexico, driving market volatility. We expect trade policy to remain in headlines in the near term, potentially stoking bouts of volatility in markets.

The U.S. is less dependent on trade compared with its largest trading partners, potentially insulating the U.S. economy from the impacts of a trade war.
While tariffs could create a one-time increase in the prices, we don't expect the impact to be large enough to drive the Federal Reserve to raise interest rates.
We continue to favor U.S. stocks over international, as we believe the U.S. is best-positioned to handle the potential impacts of tariffs. Well-diversified portfolios can help spread risk, as certain asset classes may respond differently to tariff headlines.

What is a tariff? A tariff is a tax on goods imported from another country and, all else equal, increases the cost of imports, making foreign goods less competitive in the marketplace.

On March 4, U.S. President Donald Trump proceeded with implementing tariffs on Canada and Mexico under the International Emergency Powers Act. Imported goods from Canada and Mexico will be subject to a 25% tariff, while Canadian energy imports will be subject to a 10% tariff. U.S. imports from China will be subject to an additional 10% tariff, adding to the 10% levies last month. Canada announced retaliatory tariffs on roughly $107 billion of U.S. goods, while China announced retaliatory tariffs of 15% on select U.S. goods. Mexico stated it would announce retaliatory measures by March 9.

The impact of tariffs will vary based on the degree and the duration of the tariffs implemented, and it remains uncertain as to how long these measures will remain in place. For this reason, we recommend investors adhere to their long-term investment strategies and resist the urge to overreact to headlines.

Despite the uncertainty, we offer a framework to assess how tariffs could impact global economic growth, inflation, central-bank policy, and financial markets. We also provide key financial insights for individuals and business owners.

Impact on the economy
From an economic standpoint, the U.S. is less dependent on trade compared with many of its largest trading partners.

(...)
During the 2018-2019 trade war, prices of laundry equipment spiked in the months following the implementation of tariffs. However, prices subsided shortly after and the overall impact to headline inflation was muted. While the tariffs implemented this time around are much broader in scope, we expect the impact will be a one-time increase in prices as opposed to an ongoing source of inflation.

https://www.edwardjones.com/us-en/market-news-insights/stock-market-news/market-pulse/unpacking-potential-impact-tariffs

well, you gotta have a little FUN:

[Pack Rat]

To my MAGA poster who loves cartoons:

https://www.tiktok.com/t/ZT2CD7e1y/

[saxitoxin]

After reading the polls on tariffs, the Democrats are trying to move into Trump's lane. It happened before when Kamala adopted No Tax on Tips a week after Trump. And it's happening again.

A party with no moral center, which simply reads the room and adjusts ...

Rep. Chris Deluzio (D-Pa.) encouraged Democrats to change their outlook on tariffs, stating that levies are not “always bad” as President Trump made good on his campaign tariff threats this week.

“Fellow Democrats, the party needs to rethink all the anti-tariff absolutism. I’m a Rust Belt Democrat from swingy Western PA—where lousy trade deals like NAFTA stripped us for parts,” Deluzio wrote in a Friday statement on the social platform X.

“Democrats need to break free from the zombie horde of neoliberal economists who think tariffs are always bad,” he added.

https://thehill.com/homenews/house/5183 ... nsylvania/

[jusplay4fun]

[b]The Wall Street Journal says brace yourself for a recession.

https://www.wsj.com/economy/trade/tarif ... n-235fffeb

[b]

The world economy could face a crash similar to the Great Depression of the 1930s

It is apparent that pack rat overstates his case with selected quotes and that he merely grabs headlines.

Here are three sources for a more balanced, thoughtful, and detailed analysis, beyond mere headlines.

We are not expecting the impact of tariffs to cause a recession in the U.S.

and NO Suprise, for me, anyway:

North America’s manufacturing sector is highly integrated and would, therefore, be hit the hardest from tariffs on imports with key trading partners. The auto manufacturing sector is, particularly, exposed.

https://thoughtleadership.rbc.com/what-is-the-impact-of-tariffs-on-the-us-economy/

and more:

from the Economic Policy Institute:

Tariffs—Everything you need to know but were afraid to ask

In detail: Tariffs are a tax on imports that, in effect, redistribute “surplus” from U.S. consumers and foreign producers to subsidize domestic producers of import-competing goods. When used strategically to support specific sectors, tariffs can be an effective tool of industrial policy—but consumers will face lower purchasing power as a result. (...)

Narrow, strategic tariffs can be a useful tool. Trump's broad-based, chaotic tariffs would cost consumers in every state. (...)

Can tariffs ever be effectively used to target smart policymaking goals?
In brief: Yes. Tariffs can do a number of useful things.

https://www.epi.org/publication/tariffs-everything-you-need-to-know-but-were-afraid-to-ask/

And one more:

But GDP is unlikely to fall, nor is the U.S. heading for a recession as a direct result from the Trump administration’s latest tariffs, (...)

But an uglier slowdown isn’t off the table.

https://www.barrons.com/articles/tariffs-economy-stagflation-trump-e27cbf47

I think that Trump's 25% tariffs on Mexican and Canadian goods are a means to jump start trade negotiations with both nations. The same is true of the 10% tariff plan vs. the Chinese as well as a "veiled" tariff threat toward Europe.

[Pack Rat]

Thank you Jesus for giving us jusplay4MAGA to help decipher the gibberish (speaking in tongue) that Trump vomits each and everyday.

[KoolBak]

Yes. Thank Jesus.

Don't forget the Easter Bunny...he significantly impacts the world too.

[2dimes]

Mmmm, coloured eggs and chocolate. Thank Cadbury.

[Pack Rat]

President Reagan's take on tariffs: