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His Policies: 10-20% Tariffs

ThorneStockton

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Oct 2, 2009
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I've noticed the technique of saying it's his "policies" has become popular among the non-deplorables within the Republican party. You know the people that realize that Trump's character and conduct are reprehensible, so rather than endorsing that, they endorse his policies. In a similar way that they excused their 2016 vote as being for conservative judges. I suspect that these are generally the old guard conservatives, who remember back when their party wasn't a cult of personality and actually had some concept of guiding principles, like free markets.

Of course rather than actually describe the policies they like, they tend to describe their desired end result: lower inflation! Sealed border! The best economy!

Well here was Trump yesterday in North Carolina on his tariff policy:

Former president Donald Trump on Wednesday appeared to open the door to significantly expanding his plans to impose sweeping new tariffs if he returns to office, suggesting an escalation in proposals that many experts already see as likely to cause a global trade war.

Previously, the Republican presidential nominee had called for levying tariffs of 10 percent on all U.S. trading partners, aiming to create a “ring around the collar” of the national economy. But during remarks on the economy in Asheville, N.C., Trump for the first time floated tariffs of between “10 and 20 percent” on imports to the United States.

The Trump campaign sought to play down the significance of the comment and said the former president did not specify that the 20 percent tariff would apply to all nations. Still, the new figure represented an intensification of Trump’s trade proposals, which have already alarmed some Republican donors wary of disrupting the global trade order and have faced heavy criticism from Democratic lawmakers.

“We’re going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years,” Trump said Wednesday. “We’re going to charge them 10 to 20 percent to come in and take advantage of our country.”

The tariff remark could draw renewed attention to the former president’s economic plans and his first-term approach to global trade. A 10 percent universal tariff, coupled with a tariff of as much as 60 percent on China that Trump has also eyed, would cost a typical middle-income household roughly $1,700 per year, according to the Peterson Institute for International Economics, a pro-trade Washington-based think tank. Doubling that would increase its costs to U.S. households, while probably doing more to shield domestic producers from foreign competition.

“It has been 10 percent universal across the board — 20 percent would be a doubling of that, and all analyses have already shown that would be detrimental to the economy,” said Erica York, an analyst at the Tax Foundation, a conservative-leaning think tank. “It’s an escalation of what would already be an escalation from his first term.”

Doug Holtz-Eakin, president of the American Action Forum, a center-right think tank, said: “He has clearly floated the 10 percent, and if he’s now saying ‘10 to 20 percent’ you can assume the baseline is the same — that seems like a reasonable conclusion to me.”

Holtz-Eakin said many business leaders are concerned with the seemingly erratic nature of Trump’s policy process. “If you go to 10 to 20 percent in North Carolina, who is to say you won’t go to 40 percent in Wisconsin?” he added.
 
Her only policies: copy and paste trump plan for taxes on tips, government controlled pricing. She's an actual retard.
 
I am seriously starting to wonder if Trump really even wants to win this election. I swear every time I think he can't possibly say anything dumber, he goes and totally redeems himself.
I'm with you and it's apparent he's really gone off the deep end (even compared to end of his first term), but the only reason I think he wants to win is continue the grifting/enrichment of his properties like we saw in 2017-2020.
 
Trump is a moron when it comes to economic and fiscal policy.
  • The consumer pays the tariff. A 20% tariff on imports would cause, you guessed it, more inflation. Tariffs should be used very sparingly.
  • Trump spent Federal money like a drunken sailor in his first four years. He did nothing to reduce our bloated federal budget and he reduced tax receipts on top of it.
  • He thinks the answer to inflation is “drill baby drill”. Never mind that only ~7% of the consumer price index is based on the price of oil. Now say we increased US production by 20% (an outrageously large number), that represents a 4% increase in total global oil supply. Possibly leading to something like a 4% decrease in the price of oil. That would reduce the CPI by only 0.3%. And there is no way we are adding 20% oil production. I was being generous and there is no way Trump can even control it because, you know, free markets and such.
The man couldn’t manage to make money with a casino and we still have people who think he understands finance, economics or fiscal policy? LMAO
 
Her only policies: copy and paste trump plan for taxes on tips, government controlled pricing. She's an actual retard.
Same policies but the candidate hasn't committed dozens of felonies from the coverup of raw-dogging a porn star after the birth of his fifth child with a third wife? Sign me up.
 
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At this point, it appears he's trying to find something that resonates with voters.
He's bringing back "the oldies but goodies" that he thinks won for him in 2016.

It looks desperate and judging by MULTIPLE polling sources, doesn't seem to be working.
With that said, it appears that unless Harris has multiple big blunders between now and November, the race is hers to lose.
 
Her only policies: copy and paste trump plan for taxes on tips, government controlled pricing. She's an actual retard.
Trump promises to reduce our electric bill by at least 50%. Any idea how he' going to do it? Another make Mexico pay for it?
Why would the man even throw shit like that out there? Do MAGATs buy into this? Are they that stupid?

 
I am seriously starting to wonder if Trump really even wants to win this election. I swear every time I think he can't possibly say anything dumber, he goes and totally redeems himself.

Yesterday’s event in Asheville was promoted as a serious and intellectual discussion about the economy. Instead: you got the same airing of grievances and an added bonus of using Tic Tacs to demonstrate the horror of inflation.

The best thing Trump had going for him was a Joe Biden that was a few years older than him. That’s obviously been taken away.

Anyone who votes for Trump based on his more strategic economy policy (outside of the promise of lower gas and grocery prices) deserves that they’re going to get.
 
Trump promises to reduce our electric bill by at least 50%. Any idea how he' going to do it?
We could use improperly enriched fuel in our nuclear reactors. We could avoid building concrete containment structures. We could build water-cooled, graphite-moderated reactors with a positive void coefficient.

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Trump seems not interested. Maybe ptsd.

His trade war cost farmers/ag industry severely. Exports are very flat. Ethanol is a not growth industry. In 10 years the ethanol industry will be a much reduced industry and there goes 1/3 of the corn crop consumption.
 
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Trump promises to reduce our electric bill by at least 50%. Any idea how he' going to do it? Another make Mexico pay for it?
Why would the man even throw shit like that out there? Do MAGATs buy into this? Are they that stupid?

Yes they buy into it. Orange juice was $1.49 cheaper under Clockwork Orange. And gas was cheaper. None of which Covid had any influence on🙄
 
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Trump is a moron when it comes to economic and fiscal policy.
  • The consumer pays the tariff. A 20% tariff on imports would cause, you guessed it, more inflation. Tariffs should be used very sparingly.
  • Trump spent Federal money like a drunken sailor in his first four years. He did nothing to reduce our bloated federal budget and he reduced tax receipts on top of it.
  • He thinks the answer to inflation is “drill baby drill”. Never mind that only ~7% of the consumer price index is based on the price of oil. Now say we increased US production by 20% (an outrageously large number), that represents a 4% increase in total global oil supply. Possibly leading to something like a 4% decrease in the price of oil. That would reduce the CPI by only 0.3%. And there is no way we are adding 20% oil production. I was being generous and there is no way Trump can even control it because, you know, free markets and such.
The man couldn’t manage to make money with a casino and we still have people who think he understands finance, economics or fiscal policy? LMAO
Here's the thing, even if that were all accurate, people had enough money to buy groceries then, and they weren't sitting there struggling to pay for household goods while illegals got free food and money to get started with a brand new life in the US.

Couple that with the long established pattern that Republicans are friendly to business (i.e. jobs and taxes) while Dems are not, and it's a steep hill to climb for Dems to try to make an argument that they're the better option economically. Dems just don't produce tangible results unless they hand out cash.
 
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Here's the thing, even if that were all accurate, people had enough money to buy groceries then, and they weren't sitting there struggling to pay for household goods while illegals got free food and money to get started with a brand new life in the US.

Couple that with the long established pattern that Republicans are friendly to business (i.e. jobs and taxes) while Dems are not, and it's a steep hill to climb for Dems to try to make an argument that they're the better option economically. Dems just don't produce tangible results unless they hand out cash.
Here's the thing for real, people had COVID relief fund that came from printing money. We all knew this would lead to inflation. Trump was trying to buy votes with Trump bucks, now he's blaming Biden for his failure. Some people are stupid enough to believe him, sounds like he got you pretty hard.
 
Here's the thing, even if that were all accurate, people had enough money to buy groceries then, and they weren't sitting there struggling to pay for household goods while illegals got free food and money to get started with a brand new life in the US.

Couple that with the long established pattern that Republicans are friendly to business (i.e. jobs and taxes) while Dems are not, and it's a steep hill to climb for Dems to try to make an argument that they're the better option economically. Dems just don't produce tangible results unless they hand out cash.
wow..i guess i'm doing way way better than i even thought because i haven't have a single time that i didn't have enough money for groceries
 
wow..i guess i'm doing way way better than i even thought because i haven't have a single time that i didn't have enough money for groceries
Same for most people as wages have been rising faster than inflation for over a year.

Not to mention that retail sales are still strong. The right wingers spout the propaganda without thought.
 
Here's the thing, even if that were all accurate, people had enough money to buy groceries then, and they weren't sitting there struggling to pay for household goods while illegals got free food and money to get started with a brand new life in the US.

Couple that with the long established pattern that Republicans are friendly to business (i.e. jobs and taxes) while Dems are not, and it's a steep hill to climb for Dems to try to make an argument that they're the better option economically. Dems just don't produce tangible results unless they hand out cash.
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Here's the thing for real, people had COVID relief fund that came from printing money. We all knew this would lead to inflation. Trump was trying to buy votes with Trump bucks, now he's blaming Biden for his failure. Some people are stupid enough to believe him, sounds like he got you pretty hard.

It's mind-blowing how people use inflation as a justification for voting for Trump, as if his policies had nothing to do with it.
 
Here's the thing, even if that were all accurate, people had enough money to buy groceries then, and they weren't sitting there struggling to pay for household goods while illegals got free food and money to get started with a brand new life in the US.

Couple that with the long established pattern that Republicans are friendly to business (i.e. jobs and taxes) while Dems are not, and it's a steep hill to climb for Dems to try to make an argument that they're the better option economically. Dems just don't produce tangible results unless they hand out cash.
It is all anccurate and Trump absolutely contributed to the inflation we experienced from 20-24. It is also true that Biden contributed to the problem as well. My point isn’t that I have no issue with some of Biden’s policies - I most certainly do.

My point is that Trump will NOT be good for our economy. He does not know what he is doing. Full stop.

Final point: at least the Dems are honest about wanting to deficit spend federal dollars. The GOP cries and cries about it when they are out of the oval. Then they win and spend freely.
 
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