![]() |
Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - Printable Version +- Cincinnati Bengals Message Board / Forums - Home of Jungle Noise (http://thebengalsboard.com) +-- Forum: Off Topic Forums (http://thebengalsboard.com/Forum-Off-Topic-Forums) +--- Forum: Politics & Religion 2.0 (http://thebengalsboard.com/Forum-Politics-Religion-2-0) +---- Forum: { All Things Biden & Trump } (http://thebengalsboard.com/Forum-All-Things-Biden-Trump) +---- Thread: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says (/Thread-Trump%E2%80%99s-Import-Tariff-Proposal-Would-Cut-0-7-From-US-GDP-Study-Says) |
Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - GMDino - 08-29-2023 https://www.bnnbloomberg.ca/trump-s-import-tariff-proposal-would-cut-0-7-from-us-gdp-study-says-1.1964380 Quote:(Bloomberg) -- Former President Donald Trump’s proposal to institute a 10% tariff on almost all imports would cost American consumers $300 billion a year, result in the loss of 550,000 US jobs, and cut growth by 0.7%, according to a new analysis from the nonpartisan Tax Foundation. RE: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - pally - 08-29-2023 Now, you know that is wrong....China pays for the tarriffs not the American consumer ![]() RE: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - SunsetBengal - 08-29-2023 That's a bit short sighted. Sure, there may initially be a reduction in GDP, but over time the price increase would make American producers more likely to claim a bigger market share, thus resulting in bigger GDP growth. Gotta see the forest through the trees.. RE: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - Nately120 - 08-29-2023 (08-29-2023, 09:11 PM)SunsetBengal Wrote: That's a bit short sighted. Sure, there may initially be a reduction in GDP, but over time the price increase would make American producers more likely to claim a bigger market share, thus resulting in bigger GDP growth. Gotta see the forest through the trees.. Maybe, but the plan may be to kick the growth down the road long enough that the minor players run out of money and drop out of the market so the biggest fish get a bigger slice of the pie. Do fish eat pie? That's not an ideal comparison. RE: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - GMDino - 08-30-2023 (08-29-2023, 09:11 PM)SunsetBengal Wrote: That's a bit short sighted. Sure, there may initially be a reduction in GDP, but over time the price increase would make American producers more likely to claim a bigger market share, thus resulting in bigger GDP growth. Gotta see the forest through the trees.. The article also says that if other countries retaliate it could be worse. Gotta look for trees too so you don't Sonny Bono yourself. RE: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - Mike M (the other one) - 08-30-2023 (08-30-2023, 09:00 AM)GMDino Wrote: The article also says that if other countries retaliate it could be worse. Let them. American's buying products from companies that employ Americans... Weird concept i know. RE: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - GMDino - 08-30-2023 (08-30-2023, 09:31 AM)Mike M (the other one) Wrote: Let them. I don't disagree. In fact I acknowledge that to approach the problem of companies moving overseas there will be pain involved. I do worry that that pain will be on you and me and not on those companies though and that the plan doesn't address the cause of the matter but rather the symptom. RE: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - Mike M (the other one) - 08-30-2023 (08-30-2023, 09:42 AM)GMDino Wrote: I don't disagree. In fact I acknowledge that to approach the problem of companies moving overseas there will be pain involved. There's rarely ever 1 answer to solving the on-going problems. Everything is dynamic, tweak here, twerk there and hope that it eventually shakes out positively. RE: Trump’s Import-Tariff Proposal Would Cut 0.7% From US GDP, Study Says - hollodero - 08-30-2023 (08-30-2023, 09:31 AM)Mike M (the other one) Wrote: Let them. I wonder whether that's realistic, given the US' foreign trade deficit. People are used to cheap stuff from overseas. If all these products were domestically made and hence more expensive, living costs would go through the roof and increasing wages could not compensate that. If they could, US products would stand no chance against global competition and the trade deficit would not go away (even more so since other countries would certainly retaliate for tariffs), all while US citizens find way less stuff to purchase. I might see that one wrong for sure, but that seems like a logical consequence to me. |