Can Someone on the Right Explain the Best Case Scenario for Trumps Tariff Plan?
- Thread starter Morrison71
- Start date
Like a 20% inflation? Can’t imagine what that would do to a family.
What do you mean when the economy goes up? The economy has already gone up. The recovery is well under way. The US has had a better recovery than any of their peers. The US GDP has grown more than any G7 country since the pandemic. They are almost doubling Europe's growth numbers. We have low unemployment and have seen increased labor participation. We have had a long period of wage growth.
Personally I think we tend to assign too much blame/credit to the administration for broad economic conditions. But there is no doubt that Trump is inheriting a very healthy economy. The smartest thing he could do is just not mess with it.
It seems the MAJORITY of Americans don't agree with you. They held Biden/Harris responsible for their current situation and tossed them out. When the economy improves satisfactorily, Trump will get credit. Whether you like it or not. It may take a year or two to get completely out of the mess Biden/Harris has left us, but it will improve for sure.
People's feelings does not always match reality. There is an issue with who is benefiting from the US economy. I'm skeptical that Trump will address this issue. The economy as a whole has had a remarkable recovery.
Trump is inheriting a very healthy economy he will have to do something stupid to screw it up.
While it wouldn't be accurate to say this is a booming economy, there are more indicators than not that that the economy is on an upward trend overall. unemployment down, inflation under 3%, GDP has been been at 2-3%, etc. Prices rose as a result of the inflation and haven't declined as much as we'd all have liked.
Gus - how many times were we advised the economy was headed for a cliff? never happened. How many times did conservative media have to bend over backwards to pick nits at the latest economic report which otherwise gave good news? Republicans sold a narrative that the economy was in the tank, and unfortunately perception became reality.
You're entire argument is built on Republicans propaganda. You get this, right? Hell, Trump's entire campaign was built on lies. Dude lied about everything. And unfortunately it worked. That's why he won. Not because of any policy disputes.
Perception is often the reality yes. Inflation prior sure kicked people in the tail and made things very perceptible to the average American.
Admittedly, the recovery may well be on its way. However, people have yet to feel it on an individual basis which is much of what matters when it comes to their vote.
Further, Trump's entire administration will be built on propaganda. He will lie to all of us every step of the way over everything. Fair warning.
Sure. Which of course won't stop Trump from taking credit for something that was already well on its way.
hawkeyetraveler
HB Heisman
I think this is mostly right. The issue to me is that people were not informed enough to realize that inflation was a product of stimulus by both Biden and Trump. Trump issued MORE stimulus than Biden.
Biden/Harris take the blame (and they should take a bunch of it, but so should Trump, the Teflon Don gets credit instead for being good for the economy.
It is ludicrous, but we live in a country where people don’t have the attention span to watch a movie let alone understand economic policy.
You don’t seem very credible. You also told us the Kamala was going to win the election.
You mean these lies?
Prices since Biden's election up.
Violent crime up
Border crossings up
International wars up
We were lied to every step of the way during the Biden administration. His cognitive deficits. Afghanistan. Trump being a threat to democracy. On that topic.....
If he is such a threat, why not mobilize our military against him? Why won't Kamala just refuse to seat him?
So, Biden/Harris intends to allow an existential threat to inhabit the White House? I thought he was a fascist? Nazi? Took ideas from Hitler?
How can we seat such a horrible person? We cant simply allow the electorate to be propagandized right? Shouldn't we call in all available resources to prevent the destruction of our republic? National Guard. FBI.
Or could it be, perhaps, that all of that was complete BS and while he may be a lot of things, a true Nazi, threat to democracy, fascist he isn't?
So forgive me if I think the propaganda and BS has been coming from the Biden administration for 4 years but now that the 'liar' is a Republican youre all for it. Just like censorship. How do we correct for the lies after all?
Sounds like a national security risk to our supply chain. We should probably do something about that. Like tariffs on China and encouragement of other countries to develop their manufacturing and supply chain.
Well in 2028 you can run on how Trump continued something you already started then. This election is over. Voters have had their say. They didn't find your arguments about the economy persuasive.
If the economy under Trump crashes, was that Biden too since the policies of the prior administration are what effects the current one? Or is it that only the good economy stuff is from the prior President but when it crashes it the current President? Because you know that makes no sense right? Or is it that all the good stuff only happens under Democrats and all the bad under Republicans regardless of the data?
If the economy crashes in the next 4 years, would you like to lay odds that Trump will try to blame Biden for it?
hawkeyetraveler
HB Heisman
I agree for our national security we need to get out of China. Tariffs are the dumbest possible way to effect that change. They don’t stimulate people to go into the skilled trades (which we need to build the factories and to have skilled factory workers) nor do they encourage manufacturing to come back to the US when there are cheaper options in countries with free trade agreements.
Trump is using a blunt instrument because that’s all he knows. But it will only increase prices while not actually solving the bigger picture issue.
Oh, and they cause inflation…you know the issue that got Trump elected.
Economic growth was good the first 3 years under Trump. It wasn't exceptional. It continued basically on a similar trajectory that started under Obama. Inflation is a lagging indicator. Trump's tariffs did contribute to inflation as did his stimulus money. Biden made inflation worse by adding another stimulus when it probably wasn't necessary. There was always going to be an inflationary bomb following COVID. The US has had the best economic recovery of any of its peer countries. Biden deserves some credit although a lot of this perhaps the majority is due to the pre existing strengths of the US economy.
Well he did leave us a mess to climb out of. So depends. If it occurs in 2026 or after Id say he owns it.
Except, again - no, the economy is not "a mess". Booming? No. But a darn sight better than what it was looking like in the midst of the pandemic. And no, not blaming Trump for the economy dipping.
Funny that Trump gets 2 years to own the economy. That's not how it worked for Biden.
LOL's. We have the best economy probably in the world right now. The growth, inflation, and employment numbers are all good to great and normally an incumbent party would easily win with the Biden/Harris economic record, especially the record in the last 12-18 months.
Basically Trump can only screw things up, which he will if he pursues his declared economic agenda. And what is going to destroy Trump when it comes to economic perceptions is that prices for groceries and other consumer goods are not going to go down as he has promised. By next summer Trump is going to be in trouble with the public just on the basis of the lies he's told about that.
“Winning” what, exactly? Seriously…there will be a few winners and most of us will be providing for those who “won” whatever if us you say is “winning”….
Mussolini promised to have the trains run on time…what is the Donald’s promise to America? Where do you fit in?
Gus…the mess was left to America by Trump when he left office in 2021…you can blame Biden all you want but then you are showing yourself to be every bit a stupid as the rest of the Trumpanzees out there. Obama fixed Junior’s mess and Biden corrected Trump’s over-reach and mis-steps…the bad thing fir Biden/ Democrats is that economic changes take time to run thru the economy…several years to recycle inflation… and Republicans and Trump will reap the benefits of Biden’s policies…you and yours can only hope the Orange Turd doesn’t phuque it up!
Joel, I'll even try to be fair and say that much of that mess would have been there in '21 regardless of whether or not Trump had been reelected or if it was Biden as it turned out.
I have zero confidence that the economy today would be in remotely the same position if Trump had been in office.
Well technically I said 2026 so that only 14 months.
hawkeyetraveler
HB Heisman
Are you under the impression Trump put a 60% tariff on 100% of the goods made in China? He did not so that in 16-20. That is what he has promised to do now.
The tariffs he did do were inflationary, but they were targeted and smaller than what he has proposed now.
Nope. Cost goes up with the higher cost to manufacture.
I’d love to sell more stuff made in the USA at our stores. The truth is most Americans don’t want to pay the higher price associated with products made here.
It is, as if today and that’s not changing anytime soon even with a world shift in manufacturing.
If he imposes those tariffs, you are about to see. It will also shutdown hundreds of thousands of small businesses across the country.
1. A large prcentage of what is made in China now, will move to other countries
2. China can manipulate their currency since it is pegged by lowering it in value relative to the dollar to make their exports cheaper
3. China does not mind deflation and can always just reduce the price of the products they are trying to sell to the US
How is making it harder to purchase from outside the country going to shut down small businesses in the US?
Perhaps “wholesale” prices? Those products come from some where…how many shoes are made in China?
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