I agree. I just find the whole ideal that his economic policy is based on all these tariffs and followers believe that costs will go down absurd.
I believe in the power of the people. The people clearly want this. Trump has the mandate. So get to work, Donny. Deport 20 million people, give us all massive tariffs, end the income tax and replace it with a 20% consumer tax, do it all. Don't chicken out on your promises.
Oh, my family is certainly better off at the end of the Biden times compared to the end of the drump times. No question.
Getting rid of tariffs is far more difficult than putting them in place because you have to get the other country to agree to remove their counter-tariffs as well or you really put American goods at a disadvantage. Now, I don't know if that's why they were never removed or not but I'm betting that was a big part of it.
You better buckle down because the country is going into dictatorship. I’m on his side so I’ll reap all the benefits. It’s all your fault you don’t want to be on the right side and better yourself.
Zzzz.
Targeted tariffs are often offset by tax credits and other tax breaks to alleviate the effect of the tariff on domestic companies. Targeted tariffs have been used for as long as I can remember, and we have seen them used in recent years with tariffs placed on electric vehicle components and solar panels (which have been offset by various other tax benefits)
This. Dems need to get out of the way and let Trump and his people do it. America wants this, so let them have it and face the results.
And then in true democrat fashion, they will want their “share” when everything is better for everyone else.
Far from it. We are getting a new president like I wanted. You however sound like a cry baby.
If we put tariffs on imports, daycare will be free.
I’m not a fan of tariffs at all, but they exist for a reason. If he strategically targets specific countries/products to try to grow/protect US production some of those could be long-term successful (there’s a reason Biden never pulled the chip manufacturing tariffs). If he applies generally across the board to everything vs. strategic hits, it’s going to blow up in his face.
4 years? He will have 2 and then the House will be up for grabs again. Nobody will give him 4 years. Americans have very little patience. And don't forget the fact, Profits above everything else for da corporations.
www.thedrive.com
As of 2022 17.9% of US goods were imported by China. If Trump follows through on his 60% tariff that is the equivalent of raising prices on US buyers by 10.7%. And that is assuming that US mfgs don’t raise their prices accordingly. Then we have the tariffs he has promised on all other imports on top of that.
I wasn’t whining. I was asking you a question. You’d think someone with such intelligence would understand what a question mark means. Plus it’s little one.
Unless you're filthy rich you won't be reaping anything. You get this, right?
I have a lot of money in my 401k. I hope to hell the economy keeps doing well. But let's face facts. If Trump only gets half his wishes for tariffs we are very likely looking at a recession.Well, what is sure to happen is that when the economy goes up the democrats will claim that the Republicans are taking credit for the recovery they started. It's as certain as the sunrise.
Now as far as tariffs are concerned, I suspect it will help bring back jobs to the US that are currently elsewhere. As others have said, there is currently an EV tax credit. These are dependent on each vehicle that is purchased. Certain country of origin requirements need to be met to qualify. If these aren't net, you don't get the tax credit. These are in fact a tariff of sorts already. These had the goal of bringing back manufacturing to the US. Whether or not this has been effective is TBD.
"Vehicles must be assembled in North America to be eligible. Granted, a lot of automakers pushing new battery electric cars are building plants stateside; however, that doesn’t help buyers who are eyeing vehicles being sold on product cycles today. For example, the Hyundai Ioniq 5 would be ineligible for the credit since the EV is built at Hyundai’s Ulsan plant in South Korea. This puts manufacturers that have already begun assembling vehicles in North America at an advantage, meaning buyers may seek out options like the Ford Mustang Mach-E, which is built at the Ford Cuautitlán Assembly in Mexico, or the Volkswagen ID.4 that’s built in Chattanooga, Tennessee.
Assembly location is only one part of the eligibility requirements. Next come the battery components, of which a lot must also come from North America.
The legislation’s sourcing requirements break up battery components into two different categories: mineral and non-mineral. At least 40 percent of non-mineral components must be sourced in either North America or from one of the 20 countries that the U.S. has entered into a free trade agreement with by 2023. Come 2029, 100 percent of all materials must be sourced from these origins. On the battery mineral front, at least 40 percent of the minerals sourced for the battery cells must be sourced from North America or the same free trade countries described earlier in 2023. This volume also increases year over year until it reaches 80 percent in 2027.
To make things even more complicated, starting in 2025, any vehicles that have minerals sourced or processed from locations that the U.S. have deemed “countries of particular concern”—namely, China and Russia—would become immediately ineligible. This could be alarming and potentially disruptive for automakers that have parent companies or assembly locations in China, such as Polestar."
Source:
Here’s Everything You Need To Know About the New Electric Vehicle Tax Credit
The electric vehicle tax credit is set to change thanks to the Inflation Reduction Act of 2022. Here's what you need to know.
I'm just saying. Trump's tariffs would drive prices up for a good portion of everything you buy. Unless you're rich enough to benefit from his rich tax cuts to offset these increased prices, you're very likely to be poorer under Trump.
Did you know most cars are actually assembled in US/N.A. already? it's far cheaper to bring the parts here and then put together the final product, than it is to ship them via cargo ship.Well, what is sure to happen is that when the economy goes up the democrats will claim that the Republicans are taking credit for the recovery they started. It's as certain as the sunrise.
Now as far as tariffs are concerned, I suspect it will help bring back jobs to the US that are currently elsewhere. As others have said, there is currently an EV tax credit. These are dependent on each vehicle that is purchased. Certain country of origin requirements need to be met to qualify. If these aren't net, you don't get the tax credit. These are in fact a tariff of sorts already. These had the goal of bringing back manufacturing to the US. Whether or not this has been effective is TBD.
"Vehicles must be assembled in North America to be eligible. Granted, a lot of automakers pushing new battery electric cars are building plants stateside; however, that doesn’t help buyers who are eyeing vehicles being sold on product cycles today. For example, the Hyundai Ioniq 5 would be ineligible for the credit since the EV is built at Hyundai’s Ulsan plant in South Korea. This puts manufacturers that have already begun assembling vehicles in North America at an advantage, meaning buyers may seek out options like the Ford Mustang Mach-E, which is built at the Ford Cuautitlán Assembly in Mexico, or the Volkswagen ID.4 that’s built in Chattanooga, Tennessee.
Assembly location is only one part of the eligibility requirements. Next come the battery components, of which a lot must also come from North America.
The legislation’s sourcing requirements break up battery components into two different categories: mineral and non-mineral. At least 40 percent of non-mineral components must be sourced in either North America or from one of the 20 countries that the U.S. has entered into a free trade agreement with by 2023. Come 2029, 100 percent of all materials must be sourced from these origins. On the battery mineral front, at least 40 percent of the minerals sourced for the battery cells must be sourced from North America or the same free trade countries described earlier in 2023. This volume also increases year over year until it reaches 80 percent in 2027.
To make things even more complicated, starting in 2025, any vehicles that have minerals sourced or processed from locations that the U.S. have deemed “countries of particular concern”—namely, China and Russia—would become immediately ineligible. This could be alarming and potentially disruptive for automakers that have parent companies or assembly locations in China, such as Polestar."
Source:
Here’s Everything You Need To Know About the New Electric Vehicle Tax Credit
The electric vehicle tax credit is set to change thanks to the Inflation Reduction Act of 2022. Here's what you need to know.
LOL - If you can provide a complete detailed copy of it I can more than likely break it down for you?
If the US increases savings by ending budget deficits, it would involve raising taxes and cutting spending. By doing that people have less money. If people have less money they spend less money. If people spend less money, then the purchases of imports go down. It is that fricking simple.
