Domain: tiger-web1.srvr.media3.us Tariffs cost states $200 billion | Page 2 | Money Talk
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re: Tariffs cost states $200 billion

Posted on 2/11/26 at 11:08 am to
Posted by Jjdoc
Cali
Member since Mar 2016
55592 posts
Posted on 2/11/26 at 11:08 am to
Im glad he does. You want free trade. Let's free trade and stop creating advantages that put the US at a disadvantage.

You want to do that. Then we will handle business.


Tariffs are not some evil thing that is new. Tariffs are not democrat or republican. They are a nessasary tool.




Posted by Wraytex
San Antonio - Gonzales
Member since Jun 2020
3889 posts
Posted on 2/11/26 at 11:36 am to
quote:

I remember when the press and liberals were OK with the transitive price increases



And paying Americans more.
Posted by ragincajun03
Member since Nov 2007
29011 posts
Posted on 2/11/26 at 12:00 pm to
Only a moron would have expected all prices to go back to pre-COVID levels just because of who was elected President. Hell, we could put 535 “MAGA” Reps and Senators in Congress to join President Trump, and prices for majority of goods and services still wouldn’t go back to pre-2020 levels without an economic crash to cause it.
Posted by frogtown
Member since Aug 2017
5957 posts
Posted on 2/11/26 at 12:45 pm to
quote:

I don't understand why Trump is catching shite on this. Prices have NOT skyrocketed, as people have said, and all Trump is doing is looking at inequalities built into the system and trying to level the playing field.


You have failed to read the room.

Prices have went up. This comes just after the hit American consumers took from COVID inflation. Consumers are tired of it. They want it to stop.

quote:

People who benefited from the old system don't like it.


Who is benefitting the Trump system of personally being involved in every deal and doing special carve outs? I don't need to tell you it will be those in government. Use your head here.
Posted by BCreed1
Alabama
Member since Jan 2024
6965 posts
Posted on 2/11/26 at 9:31 pm to
quote:

Consumers are tired of it. They want it to stop.


Yet they voted for Tump.

See your issue?


The fact is Trump is doing what is best for the USA citizen over all. Prices have NOT skyrocketed.

From 1914 to 2025, the average annual U.S. inflation rate (measured by CPI) has been approximately 3.29%.

In short, consumer prices have risen more slowly than the long-term historical norm.

The tariff scare is not happening the way you demand it. So in “normal” times 2–3% inflation is typical. Prices gradually rise each year. Inflation has cooled significantly. About 2.7% year-over-year in late 2025. Forecast around 2.5% in early 2026.

Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138106 posts
Posted on 2/12/26 at 6:49 am to
quote:

Tariffs cost states $200 billion
I get that some folks are so naive as to presume trade deficits do not matter. I get that others are so self-interested that they'd prefer to inventory cheap foreign goods even at the expense of a greater national good. Those mentalities drive articles like the OP.

But surely this board understands the nature and effect of our Federal revenue-spending mismatch? Surely this board understands the nature and effect of our National Debt?

Representatives of the very states cited in the OP refuse to touch Federal spending. They won't cut 1¢ of spending. Meanwhile, their constituents viscerally oppose further income taxation. So Congress just continues to run gigantic deficits with no end in sight. In that environment. Tariffs are both a direct and indirect (reshoring) revenue source, and are offset to some extent by foreign markets.

So given consistent angst about the value of tariff revenues, the question an honest broker should ask is how much do Federal Budget deficits and the National Debt cost those same states in the long run?

At a US debt of $40T, cost-of-carry is an easy calculation. Every 1% adds $400B to the national budget/deficit. As we distance ourselves from the ZIRP years, and shift back to historically normal rates, the math will grow increasingly ugly.

Now then, what is the beef with tariff revenue under these circumstances?
Posted by BottomlandBrew
Member since Aug 2010
29771 posts
Posted on 2/12/26 at 7:33 am to
quote:

A lot of people are saying that AI is going to reduce the number of jobs in the US. That has to be offset, somewhere, so Trump is seeking to add more manufacturing jobs and deport cheap illegal labor. I like the strategy.


As an American manufacturer, as I expand, I look at every way possible to add machines and compute power without adding people. People are a headache, and technology allows me to bypass that headache.
Posted by KWL85
Member since Mar 2023
3740 posts
Posted on 2/12/26 at 8:34 am to
quote:

I guess the bottom line is whether you would rather ship all of our manufacturing overseas in order to get the prices down or would you rather pay a little extra and make more things here in the US?

I think most people would prefer the latter.


Disagree. The majority like the sound of made in America, but want someone else to pay for it. The majority of consumers are price driven. When they have a choice of similar quality items, they choose the lower cost one.
Posted by Jax-Tiger
Vero Beach, FL
Member since Jan 2005
27659 posts
Posted on 2/12/26 at 10:39 am to
quote:

Prices have went up. This comes just after the hit American consumers took from COVID inflation. Consumers are tired of it. They want it to stop.


Nobody expects prices to go DOWN. Just like they don't expect to earn the same amount of money next year as they earn this year. What people want is for the rate of inflation to go down. That is happening. They also want wages to go up more than inflation does. That is also happening. It did not under the Biden administration.

Inflation is lower. You can take some things, like gas, and see that they are lower than they were a year ago. Other things may be much higher, like beef. Overall, things are slightly higher, as to be expected. Nobody wants negative inflation.

quote:

Who is benefitting the Trump system of personally being involved in every deal and doing special carve outs? I don't need to tell you it will be those in government. Use your head here.


There are always carveouts. Nothing new here. What Trump is trying to eliminate is trade agreements that go against the interest of the US, foreign aid giveaways, policies that encourage US companies to manufacture goods overseas, and wasteful domestic programs. All of the money that gets wasted ends up in somebody's pocket. We need to look at all of that and ask questions.

Trump is a businessman. In business, a good deal is one that benefits BOTH sides of the agreement. We have two many instances where we have deals, programs, policies, etc, that benefit only one side, and it is not the United States. Why? Is there any reason other than corruption? Stupidity, maybe? Anti-American sentiment? What is it?
Posted by Jax-Tiger
Vero Beach, FL
Member since Jan 2005
27659 posts
Posted on 2/12/26 at 11:16 am to
Trump went after the tariffs aggressively. He deported people aggressively - people don't even talk about the self deportations that occurred because of his policies. He went after lowering drug costs aggressively. He aggressively pursued lower gas prices. In doing so, he created a lot of churn. His poll numbers are lower.

He understands we have another 8 months before people have to make up their minds on who to vote for. All of his policies are causing short term churn and should give a long term gain.

By the time the election comes:

1.) Our deficit should be down because of tariffs and increased tax revenue due to more manufacturing in the US
2.) Wages should be up because of more manufacturing jobs and less cheap, illegal labor
3.) Inflation will be a mixed bag because energy costs will be down, tariffs up, wages up, drug costs down

At any rate, Trump is envisioning an economy that is better for America, especially if we can make a serious dent in the deficit (which is down 21% year over year).
Posted by Jax-Tiger
Vero Beach, FL
Member since Jan 2005
27659 posts
Posted on 2/12/26 at 11:45 am to
quote:

Disagree. The majority like the sound of made in America, but want someone else to pay for it. The majority of consumers are price driven. When they have a choice of similar quality items, they choose the lower cost one.


Most people don't think about things like child labor, unemployed American workers, or even where their medicine, electronics, or furniture comes from. I think if they did, they would prefer to buy American. That is just my opinion. I think that people tend to buy the cheap stuff when they don't think about it. Not everyone, but most.

That's why I like tariffs. Maybe the cost of widgets will go up a bit, but maybe that also makes the Made In America product the most affordable.

Back when we made more products in America, people cared about it. Nowadays, they don't, because most things are made overseas, now, and many types of products don't have an American option. We need to change that, to the extent that we can. I just don't think being a consumer driven economy without making anything is sustainable.

This post was edited on 2/12/26 at 11:55 am
Posted by Jax-Tiger
Vero Beach, FL
Member since Jan 2005
27659 posts
Posted on 2/12/26 at 11:50 am to
quote:

As an American manufacturer, as I expand, I look at every way possible to add machines and compute power without adding people. People are a headache, and technology allows me to bypass that headache.


I don't have any problem with that, but I don't want you to have the option of hiring an illegal alien at $12 an hour for the employees you do hire. I want you to hire people who are here legally and pay them the market wage and keep costs down with automation, computers, and AI.

The illegal immigrant population is dwindling, the baby boomers are retiring, and more manufacturing jobs are coming to the US. We will need more automation.

Posted by frogtown
Member since Aug 2017
5957 posts
Posted on 2/12/26 at 3:01 pm to
quote:

Nobody expects prices to go DOWN. Just like they don't expect to earn the same amount of money next year as they earn this year. What people want is for the rate of inflation to go down. That is happening. They also want wages to go up more than inflation does. That is also happening. It did not under the Biden administration.

Inflation is lower. You can take some things, like gas, and see that they are lower than they were a year ago. Other things may be much higher, like beef. Overall, things are slightly higher, as to be expected. Nobody wants negative inflation.


An increase in price and inflation are different things. I am talking about a price increase, not inflation. So you can forget about the inflation argument.

quote:

There are always carveouts. Nothing new here


The effective tariff rate was 2% to 3% in 2024. Now it is around 15% I believe.

Carve outs didn't matter much before because the rate was so low. Now they do.

If you don't think these "carve outs" won't be used to enrich those in Government, well, I don't know what to tell you.



This post was edited on 2/12/26 at 3:05 pm
Posted by Jjdoc
Cali
Member since Mar 2016
55592 posts
Posted on 2/12/26 at 3:16 pm to
quote:

As an American manufacturer, as I expand, I look at every way possible to add machines and compute power without adding people. People are a headache, and technology allows me to bypass that headache.


Interesting take. My question is who will be able to purchase your products? I mean.. machines and compute power replaces people. People purchase... not machines. If they have no jobs.... YOU have no business.

So continue down this path and we get either a massive reset from a massive economic crash or we get universal income.


I suspect universal income will be tried first. Guess where that money is going to come from? Businesses like yours.


Posted by Jjdoc
Cali
Member since Mar 2016
55592 posts
Posted on 2/12/26 at 3:57 pm to
quote:

The effective tariff rate was 2% to 3% in 2024. Now it is around 15% I believe.


And as pointed out, prices have not gone up more than normal.

You have lost the argument Frog
Posted by frogtown
Member since Aug 2017
5957 posts
Posted on 2/12/26 at 4:02 pm to
quote:

And as pointed out, prices have not gone up more than normal.

You have lost the argument Frog


We are talking about "carves out".
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138106 posts
Posted on 2/12/26 at 5:01 pm to
quote:

Prices have went up.

"Have prices went up" as much as "prices had went up" prior to Liberation Day?
Posted by frogtown
Member since Aug 2017
5957 posts
Posted on 2/12/26 at 5:03 pm to
quote:

Have prices went up" as much as "prices had went up" prior to Liberation Day?


WTF are you talking about?
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
138106 posts
Posted on 2/12/26 at 5:08 pm to
quote:

WTF are you talking about?
Seems pretty straightforward. Have "prices went up" as much as "prices had went up" prior to Liberation Day?

Do you know what "Liberation Day" is?
This post was edited on 2/12/26 at 5:11 pm
Posted by frogtown
Member since Aug 2017
5957 posts
Posted on 2/12/26 at 5:09 pm to
quote:

Seems pretty straightforward. Have prices went up" as much as "prices had went up" prior to Liberation Day?


What is your measure? We are talking about import prices BTW.
This post was edited on 2/12/26 at 5:11 pm
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