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Last night, Trump repeated the lie (among many others) that China pays...
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Replies: 37
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Ultimate Tiger [34861]
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Last night, Trump repeated the lie (among many others) that China pays...
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Mar 5, 2025, 10:09 AM
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the tariffs that we impose on their products that are imported into the US.
At this point, he HAS to know this is just a lie. It's not a point that is debatable or can be spun or can be analyzed differently...it's just an outright lie. And I heard very little said about it on the post-speech coverage or by the opposition party. It's a great example of people just being used to him lying so much and/or there being so many lies that it just gets lost in the volume.
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Orange Elite [5410]
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He lied about multiple things last night
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Mar 5, 2025, 10:10 AM
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it's honestly wild his base knows he's lying but they just allow it to happen.
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Dynasty Maker [3503]
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Re: He lied about multiple things last night
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Mar 5, 2025, 10:19 AM
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They really don’t know he’s lying. Fox News spins everything in his favor. Had one tell me the other day they like him because he’s “tough” regarding the tariffs.
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All-Time Great [90417]
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Orange Elite [5410]
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That's exactly the lie I was thinking of the most
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Mar 5, 2025, 11:46 AM
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because it's so easily disproven.
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Top TigerNet [30820]
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All-Time Great [90417]
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And you think they are getting checks?
Mar 5, 2025, 4:06 PM
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You do realize that is a COBOL thing and how it reports (using a default date of 1850, or 1875, depending) when there is missing or corrupted data for the birth date, right?
There is a secondary SSA system that will not send out checks anyone older than 115. And just an FYI, In 2024, there were approximately 101,000 people in the United States who were 100 years old or older, according to the U.S. Census Bureau.
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Clemson Sports Icon [52459]
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All-Time Great [90417]
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Is it better to not know, or know and continue to lie?
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Mar 5, 2025, 4:09 PM
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And then when questioned about lying, double down on the lies?
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Paw Master [17093]
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That's good to know. Canada will be paying the tariffs they levy on us.***
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Mar 5, 2025, 10:12 AM
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Ultimate Tiger [34861]
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The country won't, but their consumers/companies will....
Mar 5, 2025, 10:18 AM
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are you disputing how that works, or what?
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Clemson Icon [27789]
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Time to start sourcing stateside... Get with the program.***
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Mar 5, 2025, 11:12 AM
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Ultimate Tiger [34861]
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from where? There isn't the capacity right now for many items...
Mar 5, 2025, 11:16 AM
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we would buy from the US if we could. Can't get many suppliers to even quote over the last many years.
It's the difference between actually understanding how things work and listening to the BS you're being fed and just regurgitating it.
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Clemson Icon [27789]
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No, I understand that's probably currently the case. As to the suppliers, it
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Mar 5, 2025, 11:42 AM
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seems there must be a void in the market. For far too long there seems to have been a "middleman" aspect to numerous aspects of a majority of industries... brokers and the like skimming "deals". I've noticed it especially in the commodities market.
Lobby for your industry and apply for government-subsidized loans to create your 'own' source. Considering the waste of the Green era, an actual investment in the metals needed for the electrical industry would seem to be an easy sell, especially with the needs projected for the grid overall and the upcoming needs related to A.I.
Be the national advocate. You seem more than intelligent enough to do it. Sincerely...
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Top TigerNet [30356]
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You could make your point better if it was written on a black ping pong paddle.***
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Mar 5, 2025, 10:25 AM
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Ultimate Tiger [34861]
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And you wouldn't sound like an idiot if you would address the point of the OP***
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Mar 5, 2025, 10:30 AM
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All-Pro [772]
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All-Pro [772]
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Shirt****
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Mar 5, 2025, 10:34 AM
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Orange Immortal [64916]
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I understand and agree that the consumer always ultimately pays
Mar 5, 2025, 10:33 AM
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for tariffs we impose on imported goods.
1. We impose tariffs on say, China (or whoever).
2. China pays the tariff, which lowers their profit.
3. To compensate for this, China raises prices to offset the tariff and keep profits up.
4. Consumers pay more for the product.
Therefore, I don't understand the argument for tariffs in general.
Is the idea to steer consumers away from Chinese (in this example) products, and encourage the same or equivalent products to be manufactured in the U.S.? That may work over time, but will be rough sledding for a long time until manufacturing can begin here, or until China caves to avoid that, and lowers prices, accepting lower margins.
I also understand the argument that other countries already impose tariffs on our goods, and we are just reciprocating with equal tariffs.
What is the real argument FOR tariffs?
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Ultimate Tiger [34861]
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No, that's not how it works, in general...
Mar 5, 2025, 10:42 AM
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the importer of the goods (called the importer of record) from China pays the tariff to the US government when the goods clear customs in the US...not the country of China and not the supplier in China...unless they're delivering the goods to the US customer DDP (delivered duty paid), which is very rare out of China. Most Chinese suppliers make you pay for the goods at the time of shipment out of China and the customer/importer handles the inbound freight and clearance, duty, etc...
And that's my point...it's not a situation where tariffs raise the cost on the chinese supplier and they, in turn have to raise their prices or take a lower margin and all of that can wash out in the market. The importer in the US pays the tariffs.
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Orange Immortal [64916]
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Thanks. Does the importer of record eat the cost of the tariff, or do
Mar 5, 2025, 10:47 AM
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they pass it along?
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Orange Elite [5410]
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Ultimate Tiger [34861]
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Would depend on the specific market situation....
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Mar 5, 2025, 11:08 AM
[ in reply to Thanks. Does the importer of record eat the cost of the tariff, or do ] |
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in competitive markets (which most are).
It's not a given that the company can pass on a cost increase, especially if their competitors aren't hit with the same cost changes. It's way to simplistic to think that pricing goes up directly from cost increases because not all players in the market see the same cost changes and there are other variables as well. However, over time, it will certainly cause prices to go up if supply markets can't adjust.
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Clemson Icon [27789]
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Sounds like you should be shopping where your competitors are shopping.***
Mar 5, 2025, 11:17 AM
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Ultimate Tiger [34861]
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Great idea LOL***
Mar 5, 2025, 11:18 AM
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Clemson Icon [27789]
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Did I miss something...?***
Mar 5, 2025, 11:20 AM
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Ultimate Tiger [34861]
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Yes, quite a lot...
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Mar 5, 2025, 11:25 AM
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not trying to be mean, but it's not as simple as just buying something from where other people buy things...so your comment was funny.
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Orange Immortal [64916]
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Orange Immortal [64916]
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Sorry - one more thing.
Mar 5, 2025, 12:18 PM
[ in reply to Would depend on the specific market situation.... ] |
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If the importer is suddenly hit with an additional cost for doing business with someone, wouldn't they look to find some way to offset (perhaps pass along) that? I'm understanding it's not that simple or cut & dried, but it would seem whoever initially incurs that cost would not just swallow it, but would try to find a way to pass it along at some point. I know in my business, if the cost of a product rises, we almost always increase the price we sell it for, market conditions permitting.
You obviously know a lot more about this than I do, so thanks for bearing with me.
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Ultimate Tiger [34861]
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Yes, of course....
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Mar 5, 2025, 1:05 PM
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it really depends on the scale relative to the total cost.
If it's a finished good being imported, I assume it will have to get passed along in the price.
If it's a component/raw material, then it depends...
For my company, we're estimating we'll see between 4% and 6% cost increase from the Can/Mex tariffs, depending on which product line we're looking at. We can't just add a tariff surcharge line item when we invoice the customer. We can factor it in on new pricing, but some of our orders have been in the backlog for 1.5 yrs. We can adjust some of them based on material indicies, but tariffs aren't directly factored in to those. The tariffs will drive the base commodity price up ultimately, but it will take some time. So, we effectively lose 6 margin points on most of the backlog.
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Tiger Titan [48478]
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Ultimate Tiger [34861]
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I wouldn't even go that far...
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Mar 5, 2025, 1:33 PM
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I think one can make a case that we're not being treated fairly on trade or use directed tariffs as a form of coercion (e.g. Mexico and drug trade). Not that I would necessarily agree with those points, but they can be reasonable and logical.
The problem, like so many other things with President Trump, is the implementation and rhetoric and general chaos.
If we want to keep hitting China with tariffs....announce them 1 year out and let them market have some certainty and have time to adjust. That would actually bring about real pushes for capacity additions in the US. Right now, no one knows what to do because tomorrow could bring a reversal from Trump.
My company's goods weren't included in the initial round of Canadian retaliation yesterday...but they will be in the rest set to come in 21 days. We decided to wait until next week to start to communicate with customers because the whole thing could shift tomorrow...plus I want the big companies to do clear that path for us and see how Canadian utilities are going to react and save us some trouble.
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Game Changer [1882]
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Trump has proven time and time again that he doesn
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Mar 5, 2025, 12:45 PM
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understand what a tariff is. He’s not the brightest bulb these days.
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Ultimate Tiger [34861]
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At this point he has to understand...hence the accusation of lying.***
Mar 5, 2025, 1:06 PM
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Game Changer [1882]
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I truly think he doesnt know.
Mar 5, 2025, 1:16 PM
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He surrounds himself in a bubble full of yes men, no MAGA person is going to correct him.
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Orange Elite [5410]
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I could buy this argument
Mar 5, 2025, 2:45 PM
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but the problem is he backs off tariffs the moment the stock market takes a dive. Clearly someone has explained to him the effect the tariffs will have on the economy.
He clearly knows they don't work and is using them for other reasons.
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Starter [268]
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Re: Trump has proven time and time again that he doesn
Mar 5, 2025, 3:39 PM
[ in reply to Trump has proven time and time again that he doesn ] |
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I'd like to be in the room when Trump discovers that the importers, not the exporting countries pay the tariffs.
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TigerNet Champion [120778]
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Re: Last night, Trump repeated the lie (among many others) that China pays...
Mar 5, 2025, 1:10 PM
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of course he knows that, he is relying on the ignorance of his supporters to go along with it, our just the broad assumption that he is a prolific business man and not to questions his actions.
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Replies: 37
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