CNN - They’re effectively a tax on imported goods — clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn’t speculation or theory, it’s just the way tariffs work.
Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump’s tariff plan would be that he’s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don’t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!]
1
A quick primer on trump tariffs:
CNN - They’re effectively a tax on imported goods — clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn’t speculation or theory, it’s just the way tariffs work.
Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump’s tariff plan would be that he’s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don’t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!]
A quick primer on trump tariffs: CNN -They¡¯re effectively a tax on imported goods ¡ª clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn¡¯t speculation or theory, it¡¯s just the way tariffs work. Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump¡¯s tariff plan would be that he¡¯s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don¡¯t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!]
most economist acknowledge rumps tariffs plan is stupid
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
1
Quote Originally Posted by fubah2:
A quick primer on trump tariffs: CNN -They¡¯re effectively a tax on imported goods ¡ª clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn¡¯t speculation or theory, it¡¯s just the way tariffs work. Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump¡¯s tariff plan would be that he¡¯s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don¡¯t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!]
most economist acknowledge rumps tariffs plan is stupid
Quote Originally Posted by fubah2: A quick primer on trump tariffs: CNN -They¡¯re effectively a tax on imported goods ¡ª clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn¡¯t speculation or theory, it¡¯s just the way tariffs work. Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump¡¯s tariff plan would be that he¡¯s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don¡¯t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!] most economist acknowledge rumps tariffs plan is stupid
True.
1
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: A quick primer on trump tariffs: CNN -They¡¯re effectively a tax on imported goods ¡ª clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn¡¯t speculation or theory, it¡¯s just the way tariffs work. Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump¡¯s tariff plan would be that he¡¯s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don¡¯t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!] most economist acknowledge rumps tariffs plan is stupid
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: A quick primer on trump tariffs: CNN -They¡¯re effectively a tax on imported goods ¡ª clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn¡¯t speculation or theory, it¡¯s just the way tariffs work. Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump¡¯s tariff plan would be that he¡¯s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don¡¯t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!] most economist acknowledge rumps tariffs plan is stupid True.
exactly theres no place in our economy for 20% and higher tariffs across the board
it only hurts the american public by rising inflation
"I'm the MOST HONEST HUMAN BEING that God has EVER created!!" - Donald Trump
1
Quote Originally Posted by fubah2:
Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: A quick primer on trump tariffs: CNN -They¡¯re effectively a tax on imported goods ¡ª clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn¡¯t speculation or theory, it¡¯s just the way tariffs work. Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump¡¯s tariff plan would be that he¡¯s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don¡¯t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!] most economist acknowledge rumps tariffs plan is stupid True.
exactly theres no place in our economy for 20% and higher tariffs across the board
it only hurts the american public by rising inflation
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: A quick primer on trump tariffs: CNN -They¡¯re effectively a tax on imported goods ¡ª clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn¡¯t speculation or theory, it¡¯s just the way tariffs work. Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump¡¯s tariff plan would be that he¡¯s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don¡¯t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!] most economist acknowledge rumps tariffs plan is stupid True. exactly theres no place in our economy for 20% and higher tariffs across the board it only hurts the american public by rising inflation
Well he's threatened even much higher tariffs that are simply ridiculous!!!
IF he goes through with those horrific plans he has mused about multiple times,
people will be BEGGING to get back the Biden economy!!
0
Quote Originally Posted by KellyM_1964:
Quote Originally Posted by fubah2: Quote Originally Posted by KellyM_1964: Quote Originally Posted by fubah2: A quick primer on trump tariffs: CNN -They¡¯re effectively a tax on imported goods ¡ª clothes, shoes, toys, car parts, appliances, you name it. But the extra money does not come from the foreign companies that produce those goods. The American company doing the importing pays the money to the US Treasury. And more often than not, that means you, the consumer, pay for the tariff. This isn¡¯t speculation or theory, it¡¯s just the way tariffs work. Trump wrongly claims [it is the evil] foreign entities who would pay for the added costs of Trump tariffs. The most generous interpretation of Trump¡¯s tariff plan would be that he¡¯s trying to force US businesses to move their overseas operations back on US soil, creating jobs. But you don¡¯t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!] most economist acknowledge rumps tariffs plan is stupid True. exactly theres no place in our economy for 20% and higher tariffs across the board it only hurts the american public by rising inflation
Well he's threatened even much higher tariffs that are simply ridiculous!!!
IF he goes through with those horrific plans he has mused about multiple times,
people will be BEGGING to get back the Biden economy!!
Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods.
1
HEADLINES today . . .
London CNN ¡ª
Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods.
It'll be interesting to see what Biden does in his last couple of months. The damage he did will take a while to clean up, then correct. Let's hope he's finished.
5
It'll be interesting to see what Biden does in his last couple of months. The damage he did will take a while to clean up, then correct. Let's hope he's finished.
It'll be interesting to see what Biden does in his last couple of months. The damage he did will take a while to clean up, then correct. Let's hope he's finished.
Maybe a pardon for Hunter might be the only noteworthy thing left for him. Other than that, I think he looks forward to his weekend trips back to Delaware to play cribbage w/ his other old, senile friends. That's what he has on the docket from Monday-Friday.
3
Quote Originally Posted by THEMUGG:
It'll be interesting to see what Biden does in his last couple of months. The damage he did will take a while to clean up, then correct. Let's hope he's finished.
Maybe a pardon for Hunter might be the only noteworthy thing left for him. Other than that, I think he looks forward to his weekend trips back to Delaware to play cribbage w/ his other old, senile friends. That's what he has on the docket from Monday-Friday.
HEADLINES today . . . London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods.
Trump¡¯s proposed economic policies ¡ª including deporting immigrants, across-the-board tariffs and increased political influence on the Fed ¡ª would, if fully implemented, ¡°likely lead to a substantial decrease¡± in US economic output and ¡°a large increase in inflation,¡± said Antonio Fat¨¢s, an economics professor at INSEAD, a business school headquartered in France.
2
Quote Originally Posted by fubah2:
HEADLINES today . . . London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods.
Trump¡¯s proposed economic policies ¡ª including deporting immigrants, across-the-board tariffs and increased political influence on the Fed ¡ª would, if fully implemented, ¡°likely lead to a substantial decrease¡± in US economic output and ¡°a large increase in inflation,¡± said Antonio Fat¨¢s, an economics professor at INSEAD, a business school headquartered in France.
Although the national debt was expected to increase significantly no matter who won the White House, the impact is viewed as potentially much larger under Trump. The president-elect has proposed fully extending the 2017 tax cuts and has floated cutting the corporate tax rate to 15% as well as a laundry list of other tax breaks.
Trump¡¯s plans would add $7.75 trillion to the national debt over a decade, compared with $3.95 trillion under his opponent Vice President Kamala Harris, according to estimates from the Committee for a Responsible Federal Budget.
Nearly two-thirds (65%) of economists surveyed by The Wall Street Journal recently said deficits would be higher under Trump than Harris.
¡°The lack of fiscal discipline is a concern,¡± Jeff Buchbinder, chief equity strategist at LPL Financial, wrote in a report Monday
1
DEBT to be far worse under
trump's new "reich"
Although the national debt was expected to increase significantly no matter who won the White House, the impact is viewed as potentially much larger under Trump. The president-elect has proposed fully extending the 2017 tax cuts and has floated cutting the corporate tax rate to 15% as well as a laundry list of other tax breaks.
Trump¡¯s plans would add $7.75 trillion to the national debt over a decade, compared with $3.95 trillion under his opponent Vice President Kamala Harris, according to estimates from the Committee for a Responsible Federal Budget.
Nearly two-thirds (65%) of economists surveyed by The Wall Street Journal recently said deficits would be higher under Trump than Harris.
¡°The lack of fiscal discipline is a concern,¡± Jeff Buchbinder, chief equity strategist at LPL Financial, wrote in a report Monday
HEADLINES today . . . London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods.
Those headlines are being repeated in numeropus news media pieces.
1
Quote Originally Posted by fubah2:
HEADLINES today . . . London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods.
Those headlines are being repeated in numeropus news media pieces.
Inflation is on the rise..It's not waiting for Trump..
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September. The Housing market, with shelter prices rising 0.4% in October,Transportation costs also rose due to higher airfares ...
0
Inflation is on the rise..It's not waiting for Trump..
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September. The Housing market, with shelter prices rising 0.4% in October,Transportation costs also rose due to higher airfares ...
Quote Originally Posted by fubah2: HEADLINES today . . . London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods. Those headlines are being repeated in numeropus news media pieces.
Steve Bannon's border wall fraud trial postponed until February
2
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: HEADLINES today . . . London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods. Those headlines are being repeated in numeropus news media pieces.
Steve Bannon's border wall fraud trial postponed until February
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: HEADLINES today . . . London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods. Those headlines are being repeated in numeropus news media pieces. Steve Bannon's border wall fraud trial postponed until February
@fubah2
Could see that coming 100 miles away
How will Trump interfere with it?
1
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: HEADLINES today . . . London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods. Those headlines are being repeated in numeropus news media pieces. Steve Bannon's border wall fraud trial postponed until February
Musk and Ramaswamy propose propose spending cuts that have resulted in economic calamity in other countries. For example, Argentina austerity lead to higher unemployment and poverty. History has lessons on how to reduce budget deficits. Best way is to combine tax increases and spending cuts. However tax increases work better than spending cuts. Eliminating entire departments is politically hard and requires congress to pass laws. Also risk of downsizing not really saving money because functions are still necessary. Since benefits of some regulations outweigh costs, deregulation could make country worse off. Best way to reduce spending is to mandate a percentage cut in all departments instead of eliminating departments. 10% cut in big department is more significant than 100% cut in small department. Of course, least painful way to reduce deficits is through economic growth.
1
Musk and Ramaswamy propose propose spending cuts that have resulted in economic calamity in other countries. For example, Argentina austerity lead to higher unemployment and poverty. History has lessons on how to reduce budget deficits. Best way is to combine tax increases and spending cuts. However tax increases work better than spending cuts. Eliminating entire departments is politically hard and requires congress to pass laws. Also risk of downsizing not really saving money because functions are still necessary. Since benefits of some regulations outweigh costs, deregulation could make country worse off. Best way to reduce spending is to mandate a percentage cut in all departments instead of eliminating departments. 10% cut in big department is more significant than 100% cut in small department. Of course, least painful way to reduce deficits is through economic growth.
London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods.
Those headlines are being repeated in numerous news media pieces.
About the time news of an impending democrat defeat at the polls to a pro-fascist became apparent, inflation began rising again after having been on a steady drop for most of 2024!
0
Quote Originally Posted by fubah2:
Quote Originally Posted by fubah2:
HEADLINES today . . .
London CNN ¡ª Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods.
Those headlines are being repeated in numerous news media pieces.
About the time news of an impending democrat defeat at the polls to a pro-fascist became apparent, inflation began rising again after having been on a steady drop for most of 2024!
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: HEADLINES today . . . London CNN — Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods. Those headlines are being repeated in numerous news media pieces.
Steve Bannon's border wall fraud trial postponed until February
@fubah2
Could see that coming 100 miles away How will Trump interfere with it?
Hard to say.
0
Quote Originally Posted by Zeus4par:
Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: Quote Originally Posted by fubah2: HEADLINES today . . . London CNN — Inflation is likely to rise in the US and around the world if newly elected US President Donald Trump follows through on his campaign promises to cut taxes, crack down on immigration and hike large tariffs on all imported goods. Those headlines are being repeated in numerous news media pieces.
Steve Bannon's border wall fraud trial postponed until February
@fubah2
Could see that coming 100 miles away How will Trump interfere with it?
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But you don’t need an MBA or an econ degree to know that US labor is expensive, and THAT would drive prices higher! [inflation!]
HEADLINES today .
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