The economically illiterate left somehow thinks they're all experts on tariffs.

Libs are not known to be able to think outside the daily cue cards they are given.

That's a better explanation than most. I like that.

Look at the front page of imgflip politics at any given time. Most of the time the same topic is basically repeated multiple times. Right now it's basically Obama getting arrested because reasons, Hunter Biden, and Pete DEI stuff ... Coincidence no doubt!! Definitely not "daily cue cards"! 😂

Most don't even realize it's an important tax. I've seen tariffs blamed for the high price of locally produced eggs.

I heard some lib on TV saying that tariffs are the reason why their rent went up. Clearly they have no idea what a tariff is. The have absolutely no problem if taxes go up.

But didn't eggs go back down to 1941 levels or something like that?

Because i live in California, local regulations keep egg prices higher than in other states. Prices did come back down, but definitely not 1941 levels. But even when they were more expensive, it had nothing to do with tariffs.

I haven't seen anybody suggest that higher rate prices were due to tariffs.
In fact during the egg crisis earlier this year, I had heard that prices head started coming down courtesy of eggs being imported from Turkey.

Actually it was 2.6% and that is closer to what is called normal inflation (which I still believe should not happen) than Biden's 6% inflation.

If Nixon hadn't taken us off the gold standard we wouldn't have problems like we have now with inflation. Our currency has been losing value ever since.

Yes...... I said it........ FIAT currency. You seem to think it is funny when I say our dollar is devaluing so I said Fiat. And if it does put a smile on your face then my work is done here. Just because we are politically polar opposites doesn't mean we can have a laugh.

2.7% up from 2.4% the month prior. And this was when prices - not rate of increase - where supposed to be going down.

Prices up till 1974 were not what they were in 1935.

Inflation did happen when we were on the gold standard. In Nixon's excuse for taking us off the gold standard was to fight inflation. Our currency did fluctuate with the price of gold but it was never but that wasn't the cause of inflation. Government spending caused inflation. It was how John Maynard Keynes influenced FDR to handle the great depression. Keynes was flat out wrong and because of what FDR did things got so out of hand Nixon just thought staying tied to the gold standard was hurting us.

What it did was create a type of inflation we never had under the gold standard. The money lost value and has been losing value ever since, regardless who was president. It lost value at an accelerated rate when the Federal Reserve printed more (or digitized) more money than what it was currently valued at. That happened at the end of Bush Jr's term, all of Obama's term. Trump didn't turn it off his first term and Biden cranked the dial to 11 because it was 1 louder.

Trump 2.0 is not anything like Trump 1.0. He finally figured out economics. I still don't like tariffs but I don't see any way to get our manufacturing base back. So far prices haven't gone up as radically as I would have thought. Mainly because I think China is fighting back by eating the additional cost it imposed on production. They won't be able to sustain that for very long but hopefully things in America will start righting itself enough to where we don't need Chinese products.

Jobs are on the increase and real wages are going up. That won't stop the inflation that tariffs cause but if real wages can rise faster than inflation then we'll be okay.

I know I'm not an expert but I have read books about economics. The crazy thing is the basics of free market economics is very easy to understand. I guess the left wants lengthy convoluted explanations or they're just not going to accept it. Well ... That's why Robert Reich has a job. He takes the easy to understand and throws that out the window and then gives you a complicated and nonsensical explanation of why Marxist economics is better.

Well, to be fair, they get most everything wrong. They have a rich history of being on the wrong side of most everything.
It’s what they, mostly, do.

Perhaps we need a tarrif on the epstein files!

On what planet do Democrats care about taxing people???? Seriously.

Yes, tariffs are tax on the consumer of foreign goods. But you guys have no problem at all taxing the snot out of us. You've imposed taxes on top of taxes. Democrats entire job is to think of new ways to tax people.

And every single time there is a tax increase Dems will always say one of two things and sometimes both. 1) we must all pay or fair share 2) we're raising taxes on the rich.

Taxation is still theft. It doesn't matter WHO you are taxing. And why MUST we all pay our fair share? What is fair about it? I don't think there is anything fair at all when I did all the work to earn that money and some Dem comes along and says it is a matter of some BS standard of fairness that I have to share it. With whom do I have to share it? Does Bernie Sanders need another mansion? Does my money need to be laundered through Ukraine and back into the Democrat Party? Do I need to support some study on why cords have a tendency to become tangled (and yes that was actually a taxpayer funded study).

If I have to "share" the products of my labor with the government then how is that not slavery?

If slavery is defined as taking 100% of another person's labor then at what percentage is it no longer slavery. Slavery doesn't actually take 100% of another person's labor because the slave owner has to feed, house and clothe their slaves. So already it is less than 100%

At what percentage is it no longer slavery? 90%? 50%? 40%? 30%? 10%? 0% is where I draw the line. But go ahead and continue to think is your privilege to work for someone else's benefit.

I don't like tariffs but I can see the necessity of them. The right has been complaining about the excesses of our government for many many decades. Those excesses has put us on a road to financial and economic collapse. I knew it would hurt everyone if we ever had someone with the courage to do the right thing to put us back to where we should be.

Perhaps if we can keep the Democrats out of power long enough and put the right kind of conservatives in office, we can eventually go back to where the federal government was entirely funded by tariffs. At that point tariffs would only affect the more wealthy people because we would be making nearly everything in America again. We would be as a nation self reliant.

Maybe, just maybe, we might be so prosperous that even the poor could afford a house and a new car.

Honestly, it's not that hard. Tariff's are a tax on the consumer. What else do you need to know?

All taxes wind up being borne by the consumer. Whether it's a tax on alcohol, cigarettes, gas, or imported goods. Tariffs happen to be on imported goods.

Right, they are a tax on the specific consumer, like a small c consumer and not the big c Consumer.

Only if the consumer buys their shit…it’s hard, but not impossible to not buy foreign goods

I should have added "of the foreign product" for more clarity.

Because we agree on who pays the tariff.

Yes, same for corporate taxes…it’s the consumer that pays then, not the corporations

Tariffs are a tax on the consumer but only on imported goods. AND they also have another effect. It levels the price of foreign goods with domestically produced goods. Why is that important? Because it brings manufacturing and jobs back to America. If the foreign product is the same price as American made goods then American businesses can compete with China.

China and Democrats have been trying to break the American free market for decades and Trump is putting a stop to that.

BUT (and this is a massively huge BUT) the price of imported Chinese goods have not gone up. China is eating the tax to try to fight us from building our manufacturing base back.

AND China's plan is not working because many international businesses have started moving plants back to America.

With AI looming over our heads, we MUST get our manufacturing base back. Eventually AI will be taking jobs away. The more jobs we have in America the better off we will be when AI begins taking jobs away.

What upsets Democrats is because building back our manufacturing base strengthens the free markets (aka capitalism) and Dems have been working overtime trying to destroy capitalism.

yep tariffs will suddenly make the USA a prime coffee bean exporter with the proper climate to do so, along with huge amounts of lithium suddenly appearing in our soil

Really? Is that all you're worried about? Coffee beans? Do we even have a tariff with Columbian coffee?

yep, they refused to take illegals so trump increased their tariff to 25% with plans on a 50% tariff

So Trump is using the threat of tariffs as a bargaining chip. Columbia currently has a 25% tariff on US goods. They're also threatening to go to 50%. They'll lose. We still make stuff that is far superior to Chinese slave labor made goods.

not saying im worried about coffee, i personally dont drink it, but tariffs wont give america proper coffee climates

Nor are tariffs ever designed to. They're design to equalize trade between countries and initially they were used to fund the Federal Government. But then Woodrow Wilson got greedy and power hungry and force an income tax on us. This is why we need to abolish the Federal Income tax and reduce the size of the Federal Government by about 90% or more.

okay now youve stated your reasoning to abolish the federal tax, but reducing the federal government by 90% is probably way to much

The founding fathers never intended that the government to be this big. The bigger the government the less freedom.

We're getting very little benefit from money they confiscate from us. They take more money from me per month than what I pay on my mortgage. That is ridiculous and criminal.

They didn't work for the money, you did. The government does not produce wealth, they destroy it. They are a parasite on the economy.

Honestly, you left out inflation went DOWN...

Also, I didn't mention that the sky isn't blue but rather the atmosphere scatters the light and blue happens to be the color we see because that isn't the topic of conversation.

Oh, you didn't know taxes increase prices, which is reflected in inflation going up... but it didn't

LMAO

Oh? Who do you think pays the tariff? Go on, explain it.

well since the guy who called you a parrot is too chicken to explain it, the good becomes more expensive and to recoup the cost, the importer makes the good more expensive when re-selling it, which you then buy for like what is it now, 10-20 percent more

Right. It is a tax on the consumer of the foreign product.

while not a direct tax on the consumer it is often pushed onto them to recoup costs, but in a basic abstract sense, it is a tax on the consumer

See? It's not a hard concept to understand and explain.

Tariffs are a tax on foreign goods. Not on the consumer. The consumer may or may not see price increases based on what the market will bear or the consumer may buy a competing brand from a different source domestically or from a foreign entity with a lower tariff. So your statement is incorrect tariffs aren’t a tax on the consumer.

What I find funny is leftist so-called gamers complaint that blame Trump's tariffs for Nintendo's recent pricing practices.($449.99 Switch 2. $80 Digital Download. $90 Physical Cartridge). Nintendo was planning to do that for a long time with or without any tariffs. . .never mind the Switch 2 will soon be a console that is two generations behind whatever Xbox/Playstation comes out with next.

i have heard literally nobody say that its trumps fault they either chalk it up to inflation or corporate greed. also nintendo is becoming the big brother of gaming, the games arent even on the cartridges, the cartridges are "Keys" that give the system permission to download it from the eShop

as i said earlier, tariffs, while not on the consumer, are often directly pushed onto the consumer to recoup the costs of the tariffs