$15 Billion And Climbing: Trump’s Tariffs Deliver Record High Revenue

[Weird Tolkienish Figure]

Yep. And that will take a year or two to be felt outside the construction sector. It isn't like someone could just walk in, turn on the wall switch, and start making stuff.

That's why you do it gradually, and against certain actors.

[Canuck Conservative]

If tariffs are such an easy solution, why stop at a low number?

Make them 1000% - 100x in price.

So instead of just $15 billion rolling in, you'd make $1.5 trillion on the tariffs! Debt problems are over!!!

Easy money - why didn't somebody think of this sooner??

[LMAO]

If tariffs are such an easy solution, why stop at a low number?

Make them 1000% - 100x in price.

So instead of just $15 billion rolling in, you'd make $1.5 trillion on the tariffs! Debt problems are over!!!

Easy money - why didn't somebody think of this sooner??

Exactly


This is the same argument conservatives have made against raising the minimum wage. When progressive said we need to raise the minimum wage to $15 an hour to help working families, why not raise it to $30 an hour?


Too many people have given up long held beliefs in the age of Donald Trump. I listen to small and big business owners, people who are involved in shipping, farmers and ranchers when it comes to their economics vs politicians telling them what’s best for them. I haven’t changed. But too many Republicans have

[DefiantMassRINO]

Trump raised too many tariffs too quickly without Congressional legislation to make 'Made In America' a more profitable option than it is now.

If we get most of our generic drugs from India, and we put tariffs on them, middle-aged American men and sex freaks will have to pay more for their boner pills.

If we cannot grow coffee in the United States, other than in Puerto Rico and in Hawaii, it makes no sense to put tariffs on them as we won't be able to economically grow enough coffee within the United States.

Tarrifs alone will not re-onshore manufacturing and sourcing; Tariffs alone will encourage smuggling, but not re-shoring.

Business investment has a time horizon of years, sometimes more than a decade.  America needs to create a more favorable business environment to do business in America, and then incrementally implement and raise tarrifs on goods that can be sourced in America.  For countries that won't open their market to American products; we'll need to use tariffs to play foreign suppliers against each other ... unless they start cartels, like O.P.E.C.

Diversified domestic and foreign sourced suppliers also prevents any one nation from gaining pricing power (leverage) of goods sold in America.

Also, the Federal Government needs to spend less so foreign nations cannot weaponize debt and the dollar against us.

[Weird Tolkienish Figure]

Exactly


This is the same argument conservatives have made against raising the minimum wage. When progressive said we need to raise the minimum wage to $15 an hour to help working families, why not raise it to $30 an hour?


Too many people have given up long held beliefs in the age of Donald Trump. I listen to small and big business owners, people who are involved in shipping, farmers and ranchers when it comes to their economics vs politicians telling them what’s best for them. I haven’t changed. But too many Republicans have

Didn't happen in 2024 too much but in a lot of places where Trump won in 2016, a lot of minimum wage referendums passed too.

[Timber Rattler]

That's what always happens with Tariffs, like Smoot-Hawley, a period of short term gain followed by an extended period of long term pain.

BTW...red flags are already going up in the ports:


https://www.youtube.com/watch?v=aetILfTwBN0

[IsailedawayfromFR]

If tariffs are such an easy solution, why stop at a low number?

Make them 1000% - 100x in price.

So instead of just $15 billion rolling in, you'd make $1.5 trillion on the tariffs! Debt problems are over!!!

Easy money - why didn't somebody think of this sooner??

Maybe because the math wizard AOC didn't come up with that idea.

Now spread it out there and she will get in front of a camera and support you.

[Canuck Conservative]

BTW, for Americans living near the Northern border, instead of paying 175% on Chinese goods, there's an alternative ...

Come up to Canada, buy the goods here at a non-tariffed price, then bring them back to the US ... even with paying a 25-50% tariff on "Canadian" goods, it's still cheaper!

(The reverse of years of Canadian shoppers going to the US for cheap goods ...)

[Smokin Joe]

BTW, for Americans living near the Northern border, instead of paying 175% on Chinese goods, there's an alternative ...

Come up to Canada, buy the goods here at a non-tariffed price, then bring them back to the US ... even with paying a 25-50% tariff on "Canadian" goods, it's still cheaper!

(The reverse of years of Canadian shoppers going to the US for cheap goods ...)

Observations from 'south of the (Canadian) border':

I'm about 70 miles south of the border, and have been for well over 40 years.

Most of the Canadian 'shoppers' I saw coming through were looking to have medical procedures done in a more timely fashion than waiting on the Canadian healthcare system, even though quite a few used to come down to party.

That has tapered off considerably in the last fifteen years or so.

Some wanted to drive across to the East and would prefer buying fuel by the gallon rather than by the liter, and it was (considerably) cheaper, too.

While we had sales taxes that started at 5.5% in ND (and none in Montana), they were nowhere near the VATs added on by the provinces up there, some of which would virtually double the price of an item at the checkout.

There are a lot of factors which affect cross border commerce, and COVID pretty much shut that down.

[roamer_1]

BTW, for Americans living near the Northern border, instead of paying 175% on Chinese goods, there's an alternative ...

Come up to Canada, buy the goods here at a non-tariffed price, then bring them back to the US ... even with paying a 25-50% tariff on "Canadian" goods, it's still cheaper!

(The reverse of years of Canadian shoppers going to the US for cheap goods ...)

Sorry. It's too much bullcrap to get through the border anymore. I won't be heading north.

[LMAO]

https://www.2news.com/news/national/trump-says-us-kids-may-get-2-dolls-instead-of-30-but-china-will-suffer/article_0c0b8a3d-655d-509d-ae91-d3dba16d92e2.html


 

I guess he deserves some credit for finally recognizing that these tariffs are going to  cause price increases and shortages. Progress from when he was telling us that none of that would be the case  and his ditzy blonde press secretary claiming a tariff was  a tax cut


https://m.youtube.com/watch?v=2s_rmTyOYUU

Welcome to the wonderful world of economics, markets, and human nature, Mr President

[LMAO]

Here is where this could end  badly and strengthening China

The idea of Donald Trump as the master negotiator has now been exposed as a mirage that it’s always been. As his approval rating continues to take a hit, and the economy continues its decline, he may try to find some way to save face and get out of this. That may make him vulnerable to any deal regardless if it’s in the United States best interest or not.

We see something similar when it comes to Trump, Russia, and Ukraine

Xi JinPing doesn’t have to worry about pesky things like public opinion and midterm elections. And as of at least a day or two ago, China has denied that it’s having tariff talks with the United States, despite Trump’s assertion that they are.

[kevindavis007]

Here is where this could end  badly and strengthening China

The idea of Donald Trump as the master negotiator has now been exposed as a mirage that it’s always been. As his approval rating continues to take a hit, and the economy continues its decline, he may try to find some way to save face and get out of this. That may make him vulnerable to any deal regardless if it’s in the United States best interest or not.

We see something similar when it comes to Trump, Russia, and Ukraine

Xi JinPing doesn’t have to worry about pesky things like public opinion and midterm elections. And as of at least a day or two ago, China has denied that it’s having tariff talks with the United States, despite Trump’s assertion that they are.

Yep, so much for China caving..

[Timber Rattler]

NOT a winning message.

https://twitter.com/cspan/status/1917657377941160143

[Weird Tolkienish Figure]

NOT a winning message.

https://twitter.com/cspan/status/1917657377941160143

Imagine Obama in 2015 saying that? Conservatives would lose their minds.

[LMAO]

Imagine Obama in 2015 saying that? Conservatives would lose their minds.

“Only two dolls at Christmas” is the GOP version of “learn to code”

[LMAO]

NOT a winning message.

https://twitter.com/cspan/status/1917657377941160143

Especially coming from a billionaire

[cato potatoe]

Imagine Obama in 2015 saying that? Conservatives would lose their minds.

It does sound a bit like Obama.  Remember when he told us to learn Spanish?

[LMAO]

Imagine Obama in 2015 saying that? Conservatives would lose their minds.

Jimmy Carter told Americans to wear a sweater and turn down their thermostats


Maybe the “two dolls” statement is Trump’s malaise speech?

[Timber Rattler]

Jimmy Carter told Americans to wear a sweater and turn down their thermostats


Maybe the “two dolls” statement is Trump’s malaise speech?

Funny you mention that...

Donald Trump Can’t Win by Giving the Malaise Speech

https://www.nationalreview.com/corner/donald-trump-cant-win-by-giving-the-malaise-speech/

[Free Vulcan]

The utter sadness of the little ankle biters trying to get traction over Chinese slave made dolls funding China's war machine.

They never seem to run out of monkey poo.

[Timber Rattler]

The utter sadness of the little ankle biters trying to get traction over Chinese slave made dolls funding China's war machine.

They never seem to run out of monkey poo.

You mean Trump poo?

 

[roamer_1]

The utter sadness of the little ankle biters trying to get traction over Chinese slave made dolls funding China's war machine.

They never seem to run out of monkey poo.

This is not ankle-biting. This is a matter of principle.
This is every bit as bad as being on the wrong side of the abortion debate, or on the wrong side of Constitutional questions, or the wrong side of health care, or the wrong side of anything the hell else.

This is not just wrong.
It's f*ucking wrong.
It's all the way wrong.

Don't make like it's sour grapes or political ankle-biting. That's bullshit.

[IsailedawayfromFR]

BTW, for Americans living near the Northern border, instead of paying 175% on Chinese goods, there's an alternative ...

So where does the magical number of 175% come from anyway?

Please educate us who understand tariffs as it makes no sense whatsoever.

[jmyrlefuller]

*shrugs*

If you want jobs, maybe address the reasons why those jobs have flown. Quit being a crybaby and out-compete them. THAT's the American Way.

We're not cutting wages to pennies per hour. You cannot outcompete sweatshops.

[roamer_1]

We're not cutting wages to pennies per hour. You cannot outcompete sweatshops.

Yes you can.

[Weird Tolkienish Figure]

We're not cutting wages to pennies per hour. You cannot outcompete sweatshops.

No but clothes made for by cheaper workers can benefit consumers when priced low. All workers are consumers and vice versa, mostly true. So free-r trade, is like a pay raise for all consumers... we all benefit, basically.

[jmyrlefuller]

Yes you can.

How so? Child labor??

[roamer_1]

How so? Child labor??

Mechanization, production, quality control, the inbuilt lack of cost in shipping, both on the supply side and in the warehouse/retail product...

Labor is not the only quotient in the sum total of profit.

By the same token, our labor costs are way, way too high. And it is in the way of getting those jobs back here. Another very important delimiter is regulation - If you want those jobs back here, you have to make it a hell of a lot easier to be in business, with a whole lot less of the artificial responsibilities that are foisted upon our entrepreneurial class.

[Timber Rattler]

Mechanization, production, quality control, the inbuilt lack of cost in shipping, both on the supply side and in the warehouse/retail product...

Labor is not the only quotient in the sum total of profit.

By the same token, our labor costs are way, way too high. And it is in the way of getting those jobs back here. Another very important delimiter is regulation - If you want those jobs back here, you have to make it a hell of a lot easier to be in business, with a whole lot less of the artificial responsibilities that are foisted upon our entrepreneurial class.

And all the environmental nonsense too that causes projects to drag on indefinitely.

[roamer_1]

And all the environmental nonsense too that causes projects to drag on indefinitely.

And the whipsaw effect.. What's right this month might be totally different next month. When I was in business, my long term planning was years out there... My paint shop was regularly booking years out. If something changes all those contracts are already let - I can't get more money out of it... I just have to take the hit.

So an unpredictable environment is another big mark against doing business here.

[roamer_1]

Think of where I'd be right now... two years ago, paint was 30 bucks a gallon... now it can be double that. Solvents are clean through the roof. Hardeners are through the roof...

I would have been around a year and a half booked, with all the pricing based on those old numbers, and contractually bound. I'd have been working terribly tight margins to make that up, and still wouldn't be realizing normalcy even yet.

I don't know how these kids could do it. 

[roamer_1]

How so? Child labor??

And by the way... What's wrong with child labor? Farm kids work as a matter of course, and I grew up working from the time I could reach the pedals on a tractor. I was driving farm vehicles including tractors, swathers, combines, and 2 and 5 ton trucks before I got my license at 14.

One of my worst troubles came from hiring a local kid cash money to sweep floors at my shop. His mamma was a single parent, and they were hard up and he wanted to help her out. So I let him sweep up every night...

That turned into him helping to package and bind loads, and learn shipping and other roustabout things... Boy did I get in trouble for that one. Because he wasn't on the payroll and because he was under age, it cost me thousands in fines and thousands more in lawyers... All for being a good guy and trying to teach a kid, and help him out. If the bastards had left me be, he had a shoo-in for a job, having grown up with the way I do things. As it was, that hurt so damn bad I never hired a lad again.