US imposes major tariff hikes on Chinese imports, EVs hit with 100% duty

Originally posted by: David Miller

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 It is apparent that the collective morons here don't comprhend the effect of tariffs and why they are implemeeeented. Once again - What Are Tariffs? Tariffs are a type of trade barrier imposed by countries in order to raise the relative price of imported products compared to domestic ones. Tariffs typically come in the form of taxes or duties levied on importers and eventually passed on to end consumers. They're commonly used in international trade as a protectionist measure, with the aim of advantaging domestic producers and raising

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Originally posted by: David Miller

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  Apparently when you make a mistake, all you can do is attack and spew filth. 

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Originally posted by: Kevin Lewis

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And they are strongly inflationary, and they don't work. They are, to use your term, moronic.

 

But speaking of moronic--do you realize that you bolded "the effect of tariffs" and then didn't say anything about tariffs' effects?

 

Idiot!

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Originally posted by: David Miller

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 It is apparent that the collective morons here don't comprhend the effect of tariffs and why they are implemeeeented. Once again - What Are Tariffs? Tariffs are a type of trade barrier imposed by countries in order to raise the relative price of imported products compared to domestic ones. Tariffs typically come in the form of taxes or duties levied on importers and eventually passed on to end consumers. They're commonly used in international trade as a protectionist measure, with the aim of advantaging domestic producers and raising

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Originally posted by: Mark

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You don't understand how they work.  Using my 15k car example with a 100% tariff the car is 30k.  The consumer pays the 30k price with the tariff included when they purchase the car.  The 15k goes directly to the government. As a consumer, you are paying the tariff every time you buy something with a tariff because it is added to the price of the product.  In my example, BYD still gets the same 15k they did before.  

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Originally posted by: David Miller

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  And you don't seem to understand that a consumer would not purchase a product with a tariff inflated price when their are options to buy a similar item at a lesser price. 

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Originally posted by: David Miller

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  It has been proven that they work - you lie again. The effect is noted in the final sentance - get someone to explain what was said to you, moron.

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Originally posted by: Mark

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I do get that but what you are missing is there are ton of products like cheap EVs that aren't made anywhere in the United States so there are no cheaper quality products at a similar price point. So if you need the product in question you have to pay the tax.  Say you need a new iPhone because you broke your 3-year-old iphone. With the tariff tax it would $1600 instead of $1000. Smart phones aren't manufactured in the US. A lot of mundane things like disposable razors and almost all the over the counter medications you buy are manufactured overseas in a country with low-cost labor and there are no comparably priced US-sourced products. 

 

Trump's proposal is nothing more than a radical redesign of our taxing system in the US.  They want to cut taxes for the wealthy and corporations but they realize that the government would be so starved of money it won't be able to provide the most basic services or continue to fund the military.  Their solution is to have the poors and the middle class pay all the taxes in the form of tariffs so the rich can get richer. 

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Originally posted by: Kevin Lewis

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That's why he's in favor of them. To him, it's a quick-and-easy way to keep his tax breaks for the rich intact and in his fantasy world, even increase them. Of course, he only advocates for these tariffs because he would personally benefit. He makes NO decisions for any other reason than self-interest.

 

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