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Started By
Message
The Left: Tariffs are the new sexy, and Trump was right...
Posted on 1/15/26 at 9:22 am
Posted on 1/15/26 at 9:22 am
https://prospect.org/2026/01/14/trump-tariffs-china-tax-economy-inflation/
Go on?
Go on?
Go on?
Go on?
Sooo
Of course then at the end there is Trump bashing in a desire to not get fired and cancelled....
But its a far left publication.
quote:
By raising tariffs, based on no pattern other than his own resentments and whims, Trump presumably has done serious economic damage. According to the authoritative Yale Budget Lab, Trump’s policies have raised the average tariff rate from about 2.4 percent in late 2024 to 17 percent by late 2025, the highest in nearly a century.
A disaster, right?
Go on?
quote:
Well, maybe not quite. And herein lies both an interesting economic mystery as well as possible lessons for the next Democratic administration.
For starters, inflation is running below projections. In December, the just-announced inflation rate was 2.7 percent. The Fed’s favorite indicator was unchanged from November when the core inflation rate, at 2.6 percent, was the lowest since 2021.
Go on?
quote:
Tariffs have had surprisingly little impact on higher consumer prices. “Tariff pass-through to consumers has been much milder than anticipated,” Olu Sonola, head of U.S. economic research at Fitch Ratings, wrote in a recent research note. Yet revenue from tariffs brought in close to $300 billion in 2025, up from about $80 billion in 2024, and is currently on track to produce over $350 billion this year.
Go on?
quote:
The evidence suggests that most costs are being absorbed by foreign exporters or by domestic sellers accepting lower profit margins. And since the actual tariffs on different countries are a crazy quilt of different rates, producers have also become expert at shifting their supply chains to countries with relatively lower tariffs.
Go on?
quote:
Thanks in part to the tariffs, the chronic U.S. global trade deficit has been shrinking. The October deficit was $29.4 billion, down nearly 40 percent from September. The decline continued in November, the last month for which statistics are available.
Sooo
Of course then at the end there is Trump bashing in a desire to not get fired and cancelled....
But its a far left publication.
16
Posted on 1/15/26 at 9:25 am to Narax
It’s almost as if he knows what he’s doing.
Posted on 1/15/26 at 9:26 am to Narax
quote:
And herein lies both an interesting economic mystery
Or how about maybe, just maybe, Trump and Company know what they're doing?
Posted on 1/15/26 at 9:29 am to Pvt Hudson
quote:
It’s almost as if he knows what he’s doing.
A lifelong successful businessman and not a career politician. Who would’ve thunk it?
Posted on 1/15/26 at 9:30 am to Narax
Frogtard and Rogerthecucker have always been wrong
They cried the most about tariffs
They cried the most about tariffs
Posted on 1/15/26 at 9:32 am to prouddawg
quote:
A lifelong successful businessman and not a career politician. Who would’ve thunk it?
It's crazy what happens when you base policy on sound economic principles instead of blind ideology and feelz.
Posted on 1/15/26 at 9:35 am to Narax
But tariffs are the reason Canada has now embraced Chyna as their main trading partner. Or so Twitter tells me.
Posted on 1/15/26 at 9:35 am to Narax
Every “big brained” ivy leaguer has spouted “conventional wisdom” both in economics and foreign relations that is continually being proven wrong.
The historical “conventional wisdom” may have only been wise for those gaming systems for their own benefit.
Essentially pissing on the backs of Americans and calling it rain.
The historical “conventional wisdom” may have only been wise for those gaming systems for their own benefit.
Essentially pissing on the backs of Americans and calling it rain.
Posted on 1/15/26 at 9:38 am to Narax
The problem with applying economic theory to the actual economy is almost all theories assume rational actors making marginal decisions in an orderly market.
It has no ability to predict outcomes when those assumptions fail.
And those assumptions always fail.
I'm not intending to discount economic theory it's, just when you see that the assumptions are not in place you can't assume the outcomes will hold.
That's what is going on now.
It has no ability to predict outcomes when those assumptions fail.
And those assumptions always fail.
I'm not intending to discount economic theory it's, just when you see that the assumptions are not in place you can't assume the outcomes will hold.
That's what is going on now.
Posted on 1/15/26 at 9:41 am to Narax
quote:
“Tariff pass-through to consumers has been much milder than anticipated,”
Exactly what many of us (me) said in April would happen.
Posted on 1/15/26 at 9:42 am to Narax
The left always liked tariffs. Ask Bernie.
Posted on 1/15/26 at 9:49 am to Pvt Hudson
quote:
It’s almost as if he knows what he’s doing.
Oh, come on! Who do you think Trump is? Some sort of successful life-long businessman with a Wharton School background who understands the economy and other financial-related matters?
I swear. Some of you people.....
Posted on 1/15/26 at 9:53 am to Narax
quote:
The evidence suggests that most costs are being absorbed by foreign exporters or by domestic sellers accepting lower profit margins. And since the actual tariffs on different countries are a crazy quilt of different rates, producers have also become expert at shifting their supply chains to countries with relatively lower tariffs.
Yeah it’s funny how the panicans conveniently forgot that market share was a thing and that just raising prices isn’t always an option. Or they never knew it in the first place because they just pretend to be experts on a chit-chat board.
Posted on 1/15/26 at 9:54 am to SallysHuman
quote:
And herein lies both an interesting economic mystery
Its so mysterious. Mysteriously mysterious.
Such a mysteriosity.
hOw cOuLd AnYoN3 hAvE KnOwN???
This post was edited on 1/15/26 at 9:56 am
Posted on 1/15/26 at 9:54 am to Bunkie7672
I too have preached this and been lambasted by the usual characters, here is how you know suppliers are "eating" the tariffs themselves.
One, the inflation number tells you it was not passed along.
Two, the quarterly earnings of foreign companies that explicitly state their lower earnings are because they are discounting to suppliers in the US so they can absorb the duties.
Three, the nonsense about China has just "found" new markets and their exports are growing greatly. They are at lesser margins, I guess they think they can make it up the lost profits by selling more goods at cost
Lastly Shrubber will be in here to tell you US importers are paying the duty. Yes they are because their foreign suppliers gave them a discount so they could. Its akin to saying your teenage daughter bought that, technically she did......with your credit card.
One, the inflation number tells you it was not passed along.
Two, the quarterly earnings of foreign companies that explicitly state their lower earnings are because they are discounting to suppliers in the US so they can absorb the duties.
Three, the nonsense about China has just "found" new markets and their exports are growing greatly. They are at lesser margins, I guess they think they can make it up the lost profits by selling more goods at cost
Lastly Shrubber will be in here to tell you US importers are paying the duty. Yes they are because their foreign suppliers gave them a discount so they could. Its akin to saying your teenage daughter bought that, technically she did......with your credit card.
Posted on 1/15/26 at 10:05 am to trinidadtiger
quote:
heir foreign suppliers gave them a discount so they could. It's akin to saying your teenage daughter bought that, technically she did......with your credit card.
Best = and most succinct explanation I've heard. I have tried to explain it but fell short when confronted by non-believers.
Posted on 1/15/26 at 10:09 am to trinidadtiger
quote:
Two, the quarterly earnings of foreign companies that explicitly state their lower earnings are because they are discounting to suppliers in the US so they can absorb the duties.
This is how you know the panicans are just emotional retards. These companies literally told us they were eating the costs, but they chose to ignore it and makes themselves look like idiots.
Once again, those people will keep their heads down and avoid these threads. They'll be back to spewing lies and telling us how awful the tariffs have been tomorrow.
Posted on 1/15/26 at 10:13 am to Narax
Tariffs have been a democrat policy since the 80s.
Posted on 1/15/26 at 10:14 am to Narax
There are some regular posters on this board who are absolute morons when it comes to economics and will avoid this news completely.
Posted on 1/15/26 at 10:17 am to Narax
quote:
And herein lies both an interesting economic mystery
Not a mystery. More like you should listen to your elders that have experience.
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