Def not as much. The average tariff rate for imported goods was around 2%. But the people paying that increase in price are the same - the American consumer - no matter what the White House says. So unless you personally profit from the tariffs- that money is coming from *YOU* (if you live in the US - if not, then you’re paying whatever the tariff is for your country).
Am I the only one waiting for the beef to go gray and get that 50% off Manager's Special sticker, then spend a week in the hospital on IV and shitting my brain out? /s
I will buy 50% off meat every chance I get. The only reason meat stays red in the meat case is because as much as 70 percent of meat sold in stores in the United States is treated with carbon monoxide to keep the meat a deceptively fresh-looking red color. Let the room air (oxygen) get in and it will turn grey. Bright red meat can have bacterial contamination too.
It's crazy. As an Australian, I know who is paying for it. It's unfortunate that half of the American public do not get this and it's harmful to the other half that do know it
When tariffs were high and there were no income taxes (pre WWI), government was almost nonexistent- about 2% of U.S. GDP. It's almost 20x as big now. The **deficit** is more than 6% of U.S. GDP (almost 40% of revenue) and it's not going down.
French wine and champaign get a 20% Tarrif and maybe 30% soon, not the normal poor Target group. The sadest part of it: The US won't have a big chance to avoid European/South American Wine. Because most workers on Californian Wineyards have fled. So less Us produced Wine AND Tarrifs on it.
I laugh at how people are complaining when they are just barely starting to hurt. This coming fall/winter/spring is going to hurt a WHOLE lot more... even if tariffs are removed.
Removing 10% of the US Workforce which works mainly in the agrarsector and represent 30% of the workforce will have no effect on the price of food nor the GDP, especially when foreign food gets tarifs, look the price of eggs is already down by 400% /s
There are going to be so many failed harvests, not because the crops went bad but because nobody is around to pick them. Even with how much automation is involved now, a human hand is still needed for many, many crops.
genius way to balance the budget, tariff-taxes paid by normal americans bring in the money thats missing because of tax breaks for the 1%, and the idiot repub voters are celebrating it, well played GOP...
Ordered keyboard and key switches. 20% + 25% blanket tariffs on the switches, just for being from China (latter) and China + Hong Kong (former). Keyboard only got hit with the 20% tariff.
Don't mind paying taxes on my imports, but I still think blanket tariffs are stupid, especially when they have or can change every two weeks. 😕
Come on let's be honest. They are not lying. Republicans are just too stupid to get it. Next up try to have them attempt to explain progressive taxes. It will blow up their brains.
but if they pass along the cost, then the foreign entity _wouldn't_ be paying for it. I get your point is essentially that, but there's no "foreign entity pays for it" case. It can't exist.
I mean "they're the one whose name is on the bill" much in the same way as the manufacturer pays for raw materials and passes along that cost in the price of the finished good, or the transport company pays the trucker and passes along that cost in the price of the logistics service. It's not useful to say Bob down the street is paying miners in the iron mine when he's buying nails even if ultimately, when you follow the money far enough, they are.
Woah woah woah. Don't you fucking come at me with your stupid fucking logic that makes absolute sense. Im tired of hearing the absolute truth, and I go to church every Sunday to make sure I know that sky daddy has my back even though never showing it. It has the added bonus of washing away any injustice by saying "god works in mysterious ways" and thats proof enough for me to be fine with trump raping children. Sky daddy will bless me for my misgivings
Tons of beef. So many animals died for nothing except idiots who think taste is more important than not torturing a living being and killing it for your own 2 seconds of enjoyment. FUcking lunatics and mentally challenged pieces of shit.
The downvotes just prove me right. You feel bad because you feel called out, not because I'm "wrong". You know I'm right. You know damn well that you pay for these animals to suffer because you lack emotional intelligence. You know damn well that hundreds of studies have proven that it's easy to go plant based. You know damn well that you only do it because you do not care about animals.
If you're only taking two seconds to eat a steak, you need to slow down. Also, stop torturing your animals, it ruins the taste. Stun bolt to the head, painless every time.
ahhh thank you for the blast from the past here... when internet tribalism consisted of Bacon-Lovers and Vegans. Unfortunately, now we don't get to have that luxury anymore. But hey - good on you for staying at your post in the war on meat. Although I disagree with you (like... entirely...), I respect your commitment to the bit.
Would this be the same "Logical leap" that thinks if you make self check out lines, than the company has less overhead and therefore.... stuff would get cheaper? Maybe I'm thinking wrong.
In theory you have a point... but harvests are starting / about to start in the US. And guess what we are sorely lacking. That's right, harvesters. A lot of prices on many, many things are about to go way, way up due to scarcity. So now we have both tariffs and scarcity issues to deal with. Yay? Thankfully, I'm not really affected as a large portion of my diet is rice, beans, chicken, etc. Although Banana prices are up about 25%.
Make some sacrifices. Eggs high? Buy less. Cut down on steak for a little while, and eat more chicken. Drink less coffee and more tea perhaps. These little changes add up. They'll notice.
Tariffs can work, if you plan it YEARS ahead, announce it. Work with local producers to increase production, and then you start with a low tariff and gradually increase it over the years as local production ramps up.
But that is for targeted products that can be produced inside the country, and that can be easily scaled up.
Fertilizer like potash largely comes from overseas. There literally isn't a single food item grown in the USA that isn't seeing some level of tariff price inflation.
Good luck finding it. If you aren't directly buying it, the companies that make other food products are and pricing accordingly
Or you live where the only grocery store in town only stocks these items because that's all they can get from their suppliers. Are you going to drive a half hour to the next town over just to price check?
Or you have others raising their prices because they can. Everyone else is so why not make a quick buck?
When tariffs raise the price of imported food, domestic alternatives (when they exist) also typically go up in price because why wouldn't capitalists do that?
So fuck you for suggesting something that won't actually do anything.
KevinStrexcorp
I thought that was going to be Jacob Reese Mog in the chair, but it turns out to be someone with a soul
woozle
Columbus43219
Peter Navarro is to economics what RFK Jr is to medicine.
Clockworkdancerobot
Also, how much were they taking in via tariffs before?
req4adream99
Def not as much. The average tariff rate for imported goods was around 2%. But the people paying that increase in price are the same - the American consumer - no matter what the White House says. So unless you personally profit from the tariffs- that money is coming from *YOU* (if you live in the US - if not, then you’re paying whatever the tariff is for your country).
spitfires2000
These kinds of facts and logic... useless. THEY DON'T BELIEVE YOU!
NeoAcario
Yulp. A solid half of red voters genuinely belong in an insane asylum. They don't recognize wtf reality is.
ButImNoExpert
Chris Kohler is a national treasure. His videos and shorts are gold!
captdiscommfort
But daddy Trump says China pays them. Duhhhhhh.
nclu
Time to answer one of the oldest questions in economics with a new modern twist, "Can we make an entire economy out of Giffen Goods?"
socraticmeathead
"Everyone"? Oh how you have overestimated the American public. Sort of adorable in a way.
stukajr
Am I the only one waiting for the beef to go gray and get that 50% off Manager's Special sticker, then spend a week in the hospital on IV and shitting my brain out? /s
sloomoo
I will buy 50% off meat every chance I get. The only reason meat stays red in the meat case is because as much as 70 percent of meat sold in stores in the United States is treated with carbon monoxide to keep the meat a deceptively fresh-looking red color. Let the room air (oxygen) get in and it will turn grey. Bright red meat can have bacterial contamination too.
NeoAcario
I mean... not a bad diet plan idea?
FinancialRavioli
Too many "they" and "they're" in this one. More effective if he'd say "Americans are importing more and Americans are paying more for it."
krazy3006
It's crazy. As an Australian, I know who is paying for it. It's unfortunate that half of the American public do not get this and it's harmful to the other half that do know it
Danund81
I was confused too until I turned on audio and figured out they had Australian accents.
VagrantKoba
Ol' mate is a person on Australian Channel 9. He has to be wary of what he states because of that. Which is fair.
FinancialRavioli
Speaking with less ambiguity is problematic?
VagrantKoba
It can be.
FinancialRavioli
hmm
eion85
No extra money from foreign countries is coming in from tariffs. Money is being taken from Americans as taxes.
Anyone who says different is a lying sack of shit.
FuManLu
So what you're saying is... With this logic.... If there were no tarrifs, Stuff would get cheaper?
I think the problem is elsewhere.
philmoregraves
"Anyone who says different is a stupid sack of shit" fixed that for yah homie
Idontneedrealfacts
lying implies they know more, and some of them are just really stupid sacks of shit
manyslayer
Now now. Some are just really dumb shits. Look how they voted.
Oogibah
Yeah and he said that he was gonna tarriff so he could remove income taxes and now we are paying both lol
HenryLongfellowIII
When tariffs were high and there were no income taxes (pre WWI), government was almost nonexistent- about 2% of U.S. GDP. It's almost 20x as big now. The **deficit** is more than 6% of U.S. GDP (almost 40% of revenue) and it's not going down.
Oogibah
I'm not suggesting that his plan was even remotely close to a good idea. Clearly the government now is much different
HenryLongfellowIII
Sure, I was just trying to put into perspective how unlikely it ever was.
NeoAcario
Ayup. Tariffs are the once per century tax on the poor that also spikes inflation. Hurray?
Elkarlo77
French wine and champaign get a 20% Tarrif and maybe 30% soon, not the normal poor Target group. The sadest part of it: The US won't have a big chance to avoid European/South American Wine. Because most workers on Californian Wineyards have fled. So less Us produced Wine AND Tarrifs on it.
NeoAcario
I laugh at how people are complaining when they are just barely starting to hurt. This coming fall/winter/spring is going to hurt a WHOLE lot more... even if tariffs are removed.
Elkarlo77
Removing 10% of the US Workforce which works mainly in the agrarsector and represent 30% of the workforce will have no effect on the price of food nor the GDP, especially when foreign food gets tarifs, look the price of eggs is already down by 400% /s
Ivain
There are going to be so many failed harvests, not because the crops went bad but because nobody is around to pick them. Even with how much automation is involved now, a human hand is still needed for many, many crops.
RecurringNightmare
genius way to balance the budget, tariff-taxes paid by normal americans bring in the money thats missing because of tax breaks for the 1%, and the idiot repub voters are celebrating it, well played GOP...
RainierAlt
Ordered keyboard and key switches. 20% + 25% blanket tariffs on the switches, just for being from China (latter) and China + Hong Kong (former). Keyboard only got hit with the 20% tariff.
Don't mind paying taxes on my imports, but I still think blanket tariffs are stupid, especially when they have or can change every two weeks. 😕
RainierAlt
HTS codes 99038803 and 99030124 for people who want to look them up.
djangojazz
Come on let's be honest. They are not lying. Republicans are just too stupid to get it. Next up try to have them attempt to explain progressive taxes. It will blow up their brains.
Astramancer
Even if the foreign entity paid the tariff... they would just add the cost to the product and americans would still end up paying for it.
RainierAlt
but if they pass along the cost, then the foreign entity _wouldn't_ be paying for it. I get your point is essentially that, but there's no "foreign entity pays for it" case. It can't exist.
Astramancer
I mean "they're the one whose name is on the bill" much in the same way as the manufacturer pays for raw materials and passes along that cost in the price of the finished good, or the transport company pays the trucker and passes along that cost in the price of the logistics service. It's not useful to say Bob down the street is paying miners in the iron mine when he's buying nails even if ultimately, when you follow the money far enough, they are.
philmoregraves
Woah woah woah. Don't you fucking come at me with your stupid fucking logic that makes absolute sense. Im tired of hearing the absolute truth, and I go to church every Sunday to make sure I know that sky daddy has my back even though never showing it. It has the added bonus of washing away any injustice by saying "god works in mysterious ways" and thats proof enough for me to be fine with trump raping children. Sky daddy will bless me for my misgivings
Raikupath
Tons of beef. So many animals died for nothing except idiots who think taste is more important than not torturing a living being and killing it for your own 2 seconds of enjoyment. FUcking lunatics and mentally challenged pieces of shit.
Raikupath
The downvotes just prove me right. You feel bad because you feel called out, not because I'm "wrong". You know I'm right. You know damn well that you pay for these animals to suffer because you lack emotional intelligence. You know damn well that hundreds of studies have proven that it's easy to go plant based. You know damn well that you only do it because you do not care about animals.
L1ttl3J1m
If you're only taking two seconds to eat a steak, you need to slow down. Also, stop torturing your animals, it ruins the taste. Stun bolt to the head, painless every time.
ThisUsernameWasntTakenIGuess
ahhh thank you for the blast from the past here... when internet tribalism consisted of Bacon-Lovers and Vegans. Unfortunately, now we don't get to have that luxury anymore. But hey - good on you for staying at your post in the war on meat. Although I disagree with you (like... entirely...), I respect your commitment to the bit.
NeoAcario
No hate.. but I'm genuinely curious of your opinion on my love of salmon. IMO it is the most perfect meat. What about farm raised vs wild caught?
FuManLu
So what you're saying is... With this logic.... If there were no tarrifs, Stuff would get cheaper?
I think the problem is elsewhere.
FuManLu
So what you're saying is... With this logic.... If there were no tarrifs, Stuff would get cheaper?
I think the problem is elsewhere.
DirectorFury
You should try making this comment again. I don't think your point got across the first three times
Xeiom
No the "stuff would get cheaper" is a logical leap that you've imposed onto the scenario.
It is not part of the presented logic that things would get cheaper.
The presented logic is saying that tariffs apply additional expense over and above other expense increases.
FuManLu
Would this be the same "Logical leap" that thinks if you make self check out lines, than the company has less overhead and therefore.... stuff would get cheaper?
Maybe I'm thinking wrong.
usernametakenisthestoryofmylife
Americans have to stop buying things that go up in price. Sacrifice, they will come back down.
NeoAcario
In theory you have a point... but harvests are starting / about to start in the US. And guess what we are sorely lacking. That's right, harvesters. A lot of prices on many, many things are about to go way, way up due to scarcity. So now we have both tariffs and scarcity issues to deal with. Yay? Thankfully, I'm not really affected as a large portion of my diet is rice, beans, chicken, etc. Although Banana prices are up about 25%.
Hexidimentional
what about the things that the united states cant produce but that people cant really live without... like medicine.
usernametakenisthestoryofmylife
Of course if you have no alternative, do what you must. My weak point would be coffee.
LordHelmetTheThird
After just a quick check, the price of everything is going up. Are you saying Americans should stop buying... everything?
Food. Nope, just sacrifice. Medicine. Sacrifice. Housing. Stop paying. Electricity. Same...
You wouldn't happen to be Trump's economic adviser, would you? You seem to be as good at this as he is...
usernametakenisthestoryofmylife
Make some sacrifices. Eggs high? Buy less. Cut down on steak for a little while, and eat more chicken. Drink less coffee and more tea perhaps. These little changes add up. They'll notice.
LordHelmetTheThird
Except, tea prices are up. Same with chicken. All prices are up. Reading comprehension doesn't seem to be your thing, and neither does logic...
corndude101
If the US just stopped buying things that had tariffs on them the US supply of food would last about a week at most.
People would literally start going hungry before the week is up too.
I don’t think people understand how reliant the US is on importing everything.
NeoAcario
But but but.. muh trade deficit! -DJT
Trelis
Tariffs can work, if you plan it YEARS ahead, announce it. Work with local producers to increase production, and then you start with a low tariff and gradually increase it over the years as local production ramps up.
But that is for targeted products that can be produced inside the country, and that can be easily scaled up.
NeoAcario
Planning? Pfft... we don't do that here.
LitterBoxKing
LOL, I guess I won't eat food then. (And no, I'm not referring to Australian beef...or any beef for that matter.)
usernametakenisthestoryofmylife
Typical ignorant response. Don't eat tariff-affected food. Make a sacrifice! Or do, your choice.
BrdCdn
Fertilizer like potash largely comes from overseas. There literally isn't a single food item grown in the USA that isn't seeing some level of tariff price inflation.
grumpabeme
The US gets most (90-95%) from Canada.
BrdCdn
Yep and the US simply doesn't have economically accessable potash reserves at anywhere near the scale that would be needed to do domestic supply.
NeverEnoughFoxes
Good luck finding it. If you aren't directly buying it, the companies that make other food products are and pricing accordingly
Or you live where the only grocery store in town only stocks these items because that's all they can get from their suppliers. Are you going to drive a half hour to the next town over just to price check?
Or you have others raising their prices because they can. Everyone else is so why not make a quick buck?
It's not the simple thing you make it out to be.
grumpabeme
So what food won’t be impacted by tariffs?
eion85
When tariffs raise the price of imported food, domestic alternatives (when they exist) also typically go up in price because why wouldn't capitalists do that?
So fuck you for suggesting something that won't actually do anything.
jobbybob
That’s not how inflation works…
usernametakenisthestoryofmylife
it IS a type of inflation, due to tariffs.
jobbybob