Tariffs for everyone!

[CNCAppsJames]

We are ALL given 24 hours in a day. What we do with those hours matters.

[Del.]

My Job was to Train them to take my Job.

Deburring?

[Incogneeto]

Deburring?

You are on my Fish list!!

[neurosis]

I am DEFINITELY NOT smarter than Trump. He turned $25m into $1B+.

I should have at least $10m in assets by now, and I am not even in that galaxy.

I think that you're probably doing ok for yourself. 

[CNCAppsJames]

Deburring?

#ShotsFired

[CNCAppsJames]

I think that you're probably doing ok for yourself.

I have no complaints about my compensation. What I do with my compensation OTOH... 😬

[Incogneeto]

Deburring?

I hope the oxygenator has a breakdown

[RobertELee]

[neurosis]

This is something that I found on reddit.  You don't usually see someone put this much time in to a post on reddit. They even went through the trouble of posting links to the relevant info. 

Assuming Trump holds to his word, we'll get to see if any this holds water? 


" The body of evidence stemming from academic research strongly suggests that blanket tariffs are unlikely to stimulate U.S. manufacturing employment. On the contrary, they may have a detrimental effect. It is overly simplistic to assume that imposing tariffs on imported goods will automatically lead to those goods being manufactured domestically.

 

1.       Firms that receive protection from antidumping tariffs often experience declines in physical output productivity and, instead of investing in process improvements, simply raise their prices. This leads to an artificial increase in revenue productivity, which can be misleading. As such, these firms fail to use the protective tariffs to enhance their competitiveness through innovation or improved efficiency (         Pierce, J. R. (2011). Plant-level responses to antidumping duties: Evidence from U.S. manufacturers. Journal of International Economics, 85(2), 222-233. https://doi.org/10.1016/j.jinteco.2011.07.006)

2.       U.S. manufacturing firms that import a significant volume of components are also among the largest exporters. A notable portion of these imports comes from sister plants operated by the same firms overseas. This structure underscores how many U.S. firms organize production across both firm and country boundaries, using foreign manufacturing plants to perform tasks that complement their domestic activities. These interdependent global supply chains challenge the simplistic view that tariffs on imports would necessarily lead to a boost in domestic manufacturing. (Fort, T. C. (2023). The changing firm and country boundaries of U.S. manufacturers in global value chains. Journal of Economic Perspectives, 37(3), 31–58. https://doi.org/10.1257/jep.37.3.31)

3.       Tariffs increase the cost of imported inputs, which has a direct impact on U.S. firms' ability to export, as seen in the manufacturing slowdown of 2019. By raising input prices, tariffs diminish export growth, thereby reducing the demand for domestically produced inputs. The U.S. firms most exposed to the 2018-2019 tariffs, which accounted for a significant share of manufacturing employment, saw export declines in key quarters. For instance, in 2019 Q3, U.S. export growth contracted significantly, equating to an ad valorem tariff of 2% for an average product and up to 4% for highly exposed products. (Handley, K., Kamal, F., & Monarch, R. (2020). Rising import tariffs, falling export growth: When modern supply chains meet old-style protectionism. National Bureau of Economic Research. https://doi.org/10.3386/w26611)

4.       Importers, who bear the initial burden of tariffs, typically pass the increased costs directly onto consumers through higher prices. This pass-through of tariffs to duty-inclusive prices is complete, as evidenced by the 2018 U.S. tariffs and the retaliatory tariffs that followed. The resulting losses to U.S. consumers and firms reliant on imports amounted to $51 billion, or 0.27% of GDP, demonstrating the direct economic impact of these protectionist measures. (ajgelbaum, P. D., Goldberg, P. K., Kennedy, P. J., & Khandelwal, A. K. (2020). The return to protectionism. The Quarterly Journal of Economics, 135(1), 1–55. https://doi.org/10.1093/qje/qjz036)

5.       Foreign retaliatory tariffs in response to the 2018-2019 U.S. tariffs negatively impacted employment in key sectors such as agriculture. These tariffs caused significant job losses, particularly in regions heavily reliant on agricultural exports, which were targeted by foreign governments. Although compensatory U.S. agricultural subsidies helped mitigate some of the damage, the overall economic harm to employment in these sectors remained substantial. (Autor, D., Beck, A., Dorn, D., & Hanson, G. H. (2024). Help for the heartland? The employment and electoral effects of the Trump tariffs in the United States. National Bureau of Economic Research. https://doi.org/10.3386/w32082) "

[Del.]

Let Trump run the  country

[ghuns]

Let Trump run the  country

Wow. Were you up that late, or get up that early?

[Del.]

Wow. Were you up that late, or get up that early?

Had to be at hospital at 5 this morning. Wife is having her 5 th surgery in 11 months   Stayed up till 11 and got up at 3:30

[ghuns]

Had to be at hospital at 5 this morning. Wife is having her 5 th surgery in 11 months   Stayed up till 11 and got up at 3:30

Damn. That's rough.

Wishing her the best.

[neurosis]

Let Trump run the  country

Is there a choice? 

[Jon@NOWHERE]

Is there a choice? 

Given Trump's first term and the shit both the Dems and Repubs pulled, I would say yes...