I'm OK with targeted tariffs in response to tariffs and other unfair trade policies of other nations in an effort to get them to play fair, or to protect American industries with national security importance, but applying blanket tariffs on other nations with no rhyme or reason makes zero sense.
A bit of a different perspective. First of all, there are validated studies of what the last three administrations impacts of their regulatory action did to the average household. Obama's raised costs over $10,000, Trump's first term actually was the only admin that reduced regulatory burden by $10,000 and Biden's increased household costs in excess of $40K. So, implying that Trump isn't addressing regulatory burden, or not acknowledging that it is and will be, is misleading. As to tariffs, I have the following to say: 1) economic actions (tariffs) are a hell of a lot better than starting wars, regime change and the like. 2) I don't view Trump "starting" a tariff war, I believe he would be fine with no tariffs if the reciprocating countries also did not impose tariffs on us. Many countries levy higher tariffs on us, as well as play games subsidizing selective industries than the US. Trump is after a level playing field. 3). He also uses tariffs to penalize anti-american positions ie., aiding and abetting fentanyl entering the US. I would much prefer our citizenry giving the benefit of the doubt and being unified at least until we have hard facts that dictate a change of direction. By stoking fear and uncertainty regarding tariffs at this stage only encourages foreign entities to consider waiting it out and hoping the US citizens turn against their government. The more adversarial foreign governments might even use social media and other channels to influence public opinion. Reminds me of the bomb scares in Springfield Ohio attributed to Trump and Vance's calling out the Haitian community becoming 50 % of the total population there as a problem. Didn't every one of the bomb scare incidents get tracked back to foreign sources? We voted out the most inept, lying and deceptive administration I can ever recall and it is time to give this one a fair chance at success before we burn down their plans before giving them a chance.
When you beat the same drum four days in a row Eric, it starts to feel like you’re talking “at us”…. I’m not saying your wrong, but can you give us a break and shift for half a day or something?
Can we talk about reciprocal tariffs why do we let Canada set 250% tariffs on dairy products from the US and that’s fine with people who don’t have a cheese factory but they squeal like a stuck hog if it affects their business. If the US was willing to drop all tariffs with Canada would they be willing to do the same I would favor that let’s see if both sides want fair and free trade I’m sure there are people and businesses on both sides that don’t want that
That’s not my point. The public should have free access to all of this so we know what is being taxed up the wazoo to keep out competition whether it is foreign or domestic try selling a agricultural product into Canada and see how that goes all I’m asking for is transparency from all sides of this issue
Whatever the tariff situation is, it is pursuant to the agreement among Canada, Mexico, and the US that was negotiated by Trump in setting aside NAFTA.
Ok, you're beginning to beat a dead horse on the tariff issue. It's almost as if you're upset that more people aren't angry at Trump and his approval numbers remain solid. I'm hoping that Trump proves all of your naysayers wrong because I'm tired of the continual drumbeat about tariffs. Trump is doing what he's already planned to do and no one's going to stop him so buckle your seatbelts and hold on. So, tell me - why are tariffs ok for other countries and not for the US? I Grok'ed it, and basically, it said it's just expected of the US as the largest economy to subside and accept all these other countries' tariffs. Whatever the reason, I'm tired of hearing about it. Good news today - lowest core inflation for 4 years, lowest mortgage rates since December, airline fares down, gas prices down, GE Aerospace announced $1 billion is US manufacturing and Asahi investments and jobs in Wisconsin. Bad new - Canada continues to tweak the tiger's tail. They keep it up and they'll end up losing market share as the US looks for other options. The US can do anything they put their minds to. Careful or they'll wake the sleeping giant.
Exactly right. Thank you for pointing out the problems with tariffs. And you didn't even mention the retaliatory tariffs imposed by our trading partners, which will harm our exporters. Everyone loses in a trade war.
I am all for have manufacturing return to the US. I do not want my pharmaceuticals made in China. But if and when they return and all of these companies are unionized will we the people be able to afford what they produce? You have to ask yourself why they left in the first place. I realize that corporate greed is part of it but the rest.........and yes I'm all for a fair wage and good benefits.
I am still at a loss as to how the budget was balanced under Clinton, but we are where we are now. I thought everybody wanted a balanced budget, seems to me like there was a lot of money being passed and DOGE is finding it. I know for a fact that of the 22,000 employed at RAFB only about half actually work. I have seen it with my own eyes. that is government inefficiency, retired in place poster child. defiantly got to shrink the government and that is going to hurt.
Good point about bond purchases but entitlement spending drives most of the need to borrow and therefore issue bonds. And Trump and his minions are not addressing that.
On tariffs, here’s an excellent analysis on reciprocal tariffs
That was an informative article. It put a lot of attention to the complexity of implementing and enforcing tariff policy that makes a good case that is not an efficient vehicle to use for the intended purpose. Most of the dialogue around tariffs has been on the negative price impacts on the receiving end so the article introduces what is a more compelling concern in my opinion so always open for new insights.
Erick: much appreciate the clarity of your words and logic regarding this issue. Reciprocal tariffs may often have a short-term use, but they should only be initiated for punitive reasons. Reagan’s words were solid both then and now: unleash free trade, lower regulation, and competition. Our president knows this instinctively. Yet I fear the hubbub of the environment may be distracting his attention. Thank you!
The continuing problem with Erick's take is that he is looking at tariffs as a permanent structure. In that case, yes he and Reagan are of course right. But they are being used as a temporary weapon to leverage more favorable policies from other nations, from illegal immigration to the drug and human trafficking trade, plus evening the playing field on trade. Ideally, they can mostly come off at that point. Then it's a win for Americans.
You’re ignoring reciprocity, Erick. Why should American producers essentially be shut out of markets because of tariffs they place on US goods? Tax cuts and deregulation when combined with fair trade will increase productivity in the U.S. If one were to back out government spending over the past 4 years, you would see that productivity in this country is quite low and that we are running a negative GDP. Printing money is the problem; not the solution.
I'm OK with targeted tariffs in response to tariffs and other unfair trade policies of other nations in an effort to get them to play fair, or to protect American industries with national security importance, but applying blanket tariffs on other nations with no rhyme or reason makes zero sense.
Let's not confuse the scenarios.
A bit of a different perspective. First of all, there are validated studies of what the last three administrations impacts of their regulatory action did to the average household. Obama's raised costs over $10,000, Trump's first term actually was the only admin that reduced regulatory burden by $10,000 and Biden's increased household costs in excess of $40K. So, implying that Trump isn't addressing regulatory burden, or not acknowledging that it is and will be, is misleading. As to tariffs, I have the following to say: 1) economic actions (tariffs) are a hell of a lot better than starting wars, regime change and the like. 2) I don't view Trump "starting" a tariff war, I believe he would be fine with no tariffs if the reciprocating countries also did not impose tariffs on us. Many countries levy higher tariffs on us, as well as play games subsidizing selective industries than the US. Trump is after a level playing field. 3). He also uses tariffs to penalize anti-american positions ie., aiding and abetting fentanyl entering the US. I would much prefer our citizenry giving the benefit of the doubt and being unified at least until we have hard facts that dictate a change of direction. By stoking fear and uncertainty regarding tariffs at this stage only encourages foreign entities to consider waiting it out and hoping the US citizens turn against their government. The more adversarial foreign governments might even use social media and other channels to influence public opinion. Reminds me of the bomb scares in Springfield Ohio attributed to Trump and Vance's calling out the Haitian community becoming 50 % of the total population there as a problem. Didn't every one of the bomb scare incidents get tracked back to foreign sources? We voted out the most inept, lying and deceptive administration I can ever recall and it is time to give this one a fair chance at success before we burn down their plans before giving them a chance.
When you beat the same drum four days in a row Eric, it starts to feel like you’re talking “at us”…. I’m not saying your wrong, but can you give us a break and shift for half a day or something?
Tariffs are, by far, the issue of the day.
There’s lots of news and important issues…. Give it a break…
Can we talk about reciprocal tariffs why do we let Canada set 250% tariffs on dairy products from the US and that’s fine with people who don’t have a cheese factory but they squeal like a stuck hog if it affects their business. If the US was willing to drop all tariffs with Canada would they be willing to do the same I would favor that let’s see if both sides want fair and free trade I’m sure there are people and businesses on both sides that don’t want that
That’s not my point. The public should have free access to all of this so we know what is being taxed up the wazoo to keep out competition whether it is foreign or domestic try selling a agricultural product into Canada and see how that goes all I’m asking for is transparency from all sides of this issue
Whatever the tariff situation is, it is pursuant to the agreement among Canada, Mexico, and the US that was negotiated by Trump in setting aside NAFTA.
Ok, you're beginning to beat a dead horse on the tariff issue. It's almost as if you're upset that more people aren't angry at Trump and his approval numbers remain solid. I'm hoping that Trump proves all of your naysayers wrong because I'm tired of the continual drumbeat about tariffs. Trump is doing what he's already planned to do and no one's going to stop him so buckle your seatbelts and hold on. So, tell me - why are tariffs ok for other countries and not for the US? I Grok'ed it, and basically, it said it's just expected of the US as the largest economy to subside and accept all these other countries' tariffs. Whatever the reason, I'm tired of hearing about it. Good news today - lowest core inflation for 4 years, lowest mortgage rates since December, airline fares down, gas prices down, GE Aerospace announced $1 billion is US manufacturing and Asahi investments and jobs in Wisconsin. Bad new - Canada continues to tweak the tiger's tail. They keep it up and they'll end up losing market share as the US looks for other options. The US can do anything they put their minds to. Careful or they'll wake the sleeping giant.
Exactly right. Thank you for pointing out the problems with tariffs. And you didn't even mention the retaliatory tariffs imposed by our trading partners, which will harm our exporters. Everyone loses in a trade war.
I am all for have manufacturing return to the US. I do not want my pharmaceuticals made in China. But if and when they return and all of these companies are unionized will we the people be able to afford what they produce? You have to ask yourself why they left in the first place. I realize that corporate greed is part of it but the rest.........and yes I'm all for a fair wage and good benefits.
I am still at a loss as to how the budget was balanced under Clinton, but we are where we are now. I thought everybody wanted a balanced budget, seems to me like there was a lot of money being passed and DOGE is finding it. I know for a fact that of the 22,000 employed at RAFB only about half actually work. I have seen it with my own eyes. that is government inefficiency, retired in place poster child. defiantly got to shrink the government and that is going to hurt.
Erick,
Good point about bond purchases but entitlement spending drives most of the need to borrow and therefore issue bonds. And Trump and his minions are not addressing that.
On tariffs, here’s an excellent analysis on reciprocal tariffs
https://thedispatch.com/newsletter/capitolism/reciprocal-tariffs-are-trumps-worst-trade-idea-yet/?utm_campaign=3940736&utm_source=A1b2C-3d4E5-f6G7h-8I9j0
That was an informative article. It put a lot of attention to the complexity of implementing and enforcing tariff policy that makes a good case that is not an efficient vehicle to use for the intended purpose. Most of the dialogue around tariffs has been on the negative price impacts on the receiving end so the article introduces what is a more compelling concern in my opinion so always open for new insights.
Erick: much appreciate the clarity of your words and logic regarding this issue. Reciprocal tariffs may often have a short-term use, but they should only be initiated for punitive reasons. Reagan’s words were solid both then and now: unleash free trade, lower regulation, and competition. Our president knows this instinctively. Yet I fear the hubbub of the environment may be distracting his attention. Thank you!
...not over til the....tariff...lady sings.
The continuing problem with Erick's take is that he is looking at tariffs as a permanent structure. In that case, yes he and Reagan are of course right. But they are being used as a temporary weapon to leverage more favorable policies from other nations, from illegal immigration to the drug and human trafficking trade, plus evening the playing field on trade. Ideally, they can mostly come off at that point. Then it's a win for Americans.
It's a negotiation
Over what? I have no idea.
Someone should tell Canada about the problems with tariffs. Seems that Canada and China have been tariffing each other with rates as high as 100%: https://edwin797.substack.com/p/china-and-canada-continue-trade-war
I'm old enough to remember when Democrats loved tariffs and Republicans wanted to get rid of them....
You’re ignoring reciprocity, Erick. Why should American producers essentially be shut out of markets because of tariffs they place on US goods? Tax cuts and deregulation when combined with fair trade will increase productivity in the U.S. If one were to back out government spending over the past 4 years, you would see that productivity in this country is quite low and that we are running a negative GDP. Printing money is the problem; not the solution.