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Derpy Donny's tariffs save the American consumer

Kangaroo Feathers

Kangaroo Feathers

Yea, it is written in the Book of Cyril...
"
  • President Donald Trump falsely claims that China and other nations have paid the tariffs he levied on thousands of products over the past two years.
  • But "approximately 100 percent" of those costs have fallen onto American buyers, according to a new National Bureau of Economic Research paper.
  • The paper, which uses customs data through October 2019, reflects a series of similar independent findings that have been published over the past year.
"
'Approximately 100 percent' of tariff costs have fallen onto Americans, new research shows | Markets Insider

Taking all bets, how are the trumpettes going to try to spin yet another comprehensive loss as a win?
 
Salvador

Salvador

RF's Swedenborgian
Kangaroo Feathers said:
"
  • President Donald Trump falsely claims that China and other nations have paid the tariffs he levied on thousands of products over the past two years.
  • But "approximately 100 percent" of those costs have fallen onto American buyers, according to a new National Bureau of Economic Research paper.
  • The paper, which uses customs data through October 2019, reflects a series of similar independent findings that have been published over the past year.
"
'Approximately 100 percent' of tariff costs have fallen onto Americans, new research shows | Markets Insider

Taking all bets, how are the trumpettes going to try to spin yet another comprehensive loss as a win?
Click to expand...

The annual consumer price index has recently increased less than 2 percent.

United States (US) CPI Consumer Price Index 2019

Government revenue from tariffs rose by 73% year-on-year in the first half of 2019, to a total of $33.9 billion, according to U.S. Treasury data. If Trump's tariffs have increased government revenue by $33.9 over a 6 month period, then this would likely result in increased government revenue of $67.8 billion over a year period.

Here's why US importers and consumers pay Trump's tariffs, not China

Trump's tariffs are increasing government revenue by ca. $67.8 billion over a one year period; this tax revenue is needed to help fund increased government spending for the U.S. military along with helping to pay for U.S. veteran services as well as with helping out American farmers who'd lost sales from the unfair Chinese trade practitioner's retaliatory tariffs placed on American agricultural products.
 
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Salvador

Salvador

RF's Swedenborgian
9-10ths_Penguin said:
Cold comfort to people who enjoy scotch.
Click to expand...

I too enjoy scotch and I take comfort in paying a bit of extra taxes on scotch in order to help fund government spending increases on the U.S. military, U.S. veteran services, and on compensating the American farmers who've lost sales from the unfair Chinese trade practitioners's retaliatory tariffs.
 
9-10ths_Penguin

9-10ths_Penguin

1/10 Subway Stalinist
Premium Member
Salvador said:
I too enjoy scotch and I take comfort in paying a bit of extra taxes on scotch in order to help fund government spending increases on the U.S. military, U.S. veteran services, and on compensating the American farmers who've lost sales from the unfair Chinese trade practitioners's retaliatory tariffs.
Click to expand...
The tariffs on scotch are about the EU, specifically Airbus; effectively, US companies paid too little for Airbus planes they bought, so US consumers pay more for European whisky (and a bunch of other consumer products).

If you really do think that these tariffs are going towards veterans, then I'm excited to see you show that funding to veteran-related budgets went up as a result of the tarrifs. I wait with bated breath.
 
Salvador

Salvador

RF's Swedenborgian
9-10ths_Penguin said:
The tariffs on scotch are about the EU, specifically Airbus; effectively, US companies paid too little for Airbus planes they bought, so US consumers pay more for European whisky (and a bunch of other consumer products).

If you really do think that these tariffs are going towards veterans, then I'm excited to see you show that funding to veteran-related budgets went up as a result of the tarrifs. I wait with bated breath.
Click to expand...

Recent U.S. federal government spending has increased at an annual rate of almost 7 percent; this being due to the Republicans lacking control of the House of Representatives as well as lacking a filibuster proof majority in the Senate for being able to control spending. Hence, either taxes or deficit spending will need to increase. The annual U.S. federal deficit is now nearly 5 percent of G.D.P., meaning deficit spending may very well soon become unsustainable. Ergo, the fiscally responsible and prudent course of action would be tax revenue enhancement measures as being done with Trump's tariffs.
 
Last edited:
Audie

Audie

Veteran Member
Kangaroo Feathers said:
"
  • President Donald Trump falsely claims that China and other nations have paid the tariffs he levied on thousands of products over the past two years.
  • But "approximately 100 percent" of those costs have fallen onto American buyers, according to a new National Bureau of Economic Research paper.
  • The paper, which uses customs data through October 2019, reflects a series of similar independent findings that have been published over the past year.
"
'Approximately 100 percent' of tariff costs have fallen onto Americans, new research shows | Markets Insider

Taking all bets, how are the trumpettes going to try to spin yet another comprehensive loss as a win?
Click to expand...
They will take a page from your book and start calling names
 
Daemon Sophic

Daemon Sophic

Avatar in flux
Salvador said:
The annual consumer price index has recently increased less than 2 percent.

United States (US) CPI Consumer Price Index 2019

Government revenue from tariffs rose by 73% year-on-year in the first half of 2019, to a total of $33.9 billion, according to U.S. Treasury data. If Trump's tariffs have increased government revenue by $33.9 over a 6 month period, then this would likely result in increased government revenue of $67.8 billion over a year period.

Here's why US importers and consumers pay Trump's tariffs, not China

Trump's tariffs are increasing government revenue by ca. $67.8 billion over a one year period; this tax revenue is needed to help fund increased government spending for the U.S. military along with helping to pay for U.S. veteran services as well as with helping out American farmers who'd lost sales from the unfair Chinese trade practitioner's retaliatory tariffs placed on American agricultural products.
Click to expand...
Your citations, of course, simply support the points of the OP.

Salvador said:
Recent U.S. federal government spending has increased at an annual rate of almost 7 percent; this being due to the Republicans lacking control of the House of Representatives as well as lacking a filibuster proof majority in the Senate for being able to control spending. Hence, either taxes or deficit spending will need to increase. The annual U.S. federal deficit is now nearly 5 percent of G.D.P., meaning deficit spending may very well soon become unsustainable. Ergo, the fiscally responsible and prudent course of action would be tax revenue enhancement measures as being done with Trump's tariffs.
Click to expand...
Evidence, please.
 
shmogie

shmogie

Well-Known Member
Kangaroo Feathers said:
"
  • President Donald Trump falsely claims that China and other nations have paid the tariffs he levied on thousands of products over the past two years.
  • But "approximately 100 percent" of those costs have fallen onto American buyers, according to a new National Bureau of Economic Research paper.
  • The paper, which uses customs data through October 2019, reflects a series of similar independent findings that have been published over the past year.
"
'Approximately 100 percent' of tariff costs have fallen onto Americans, new research shows | Markets Insider

Taking all bets, how are the trumpettes going to try to spin yet another comprehensive loss as a win?
Click to expand...
It would be a loss, if the costs of goods from China to the American consumer at the store check out counter increased.

I don't know if this is the case, or not. I haven't heard anyone complaining.
 
Shadow Wolf

Shadow Wolf

Certified People sTabber
Salvador said:
I'm now just simply ignoring Roo's disrespectful name calling of our P.O.T.U.S. as being "Derpy Donny".
Click to expand...
Derpy Donny is fitting for your president who screwed up with these tariffs and has gave more bailout money to farmers than what the recession bailouts cost us. Dumb**** Donny is too stupid to realize countries like China won't just stand back and take such things.
 
9-10ths_Penguin

9-10ths_Penguin

1/10 Subway Stalinist
Premium Member
Salvador said:
Recent U.S. federal government spending has increased at an annual rate of almost 7 percent; this being due to the Republicans lacking control of the House of Representatives as well as lacking a filibuster proof majority in the Senate for being able to control spending. Hence, either taxes or deficit spending will need to increase. The annual U.S. federal deficit is now nearly 5 percent of G.D.P., meaning deficit spending may very well soon become unsustainable. Ergo, the fiscally responsible and prudent course of action would be tax revenue enhancement measures as being done with Trump's tariffs.
Click to expand...
So you think that a trend that started before these tarrifs can be attributed to the tarrifs?
 
Twilight Hue

Twilight Hue

Twilight, not bright nor dark, good nor bad.
Kangaroo Feathers said:
"
  • President Donald Trump falsely claims that China and other nations have paid the tariffs he levied on thousands of products over the past two years.
  • But "approximately 100 percent" of those costs have fallen onto American buyers, according to a new National Bureau of Economic Research paper.
  • The paper, which uses customs data through October 2019, reflects a series of similar independent findings that have been published over the past year.
"
'Approximately 100 percent' of tariff costs have fallen onto Americans, new research shows | Markets Insider

Taking all bets, how are the trumpettes going to try to spin yet another comprehensive loss as a win?
Click to expand...
The Trump tariffs keep working, to the consternation of many economists
 
Salvador

Salvador

RF's Swedenborgian
Subduction Zone said:
He is merely emulating our dear leader.
Click to expand...

Out of respect for the sacred office of the U.S. Presidency, please let's agree that President Trump's intelligence shouldn't be insulted by sophomoric name calling; whereas, President Trump is being amusingly informative when he attributes descriptive nick names summarizing the flawed characteristics of our political adversaries. Right?
 
Subduction Zone

Subduction Zone

Veteran Member
Salvador said:
Out of respect for the sacred office of the U.S. Presidency, please let's agree that President Trump's intelligence shouldn't be insulted by sophomoric name calling; whereas, President Trump is being amusingly informative when he attributes descriptive nick names summarizing the flawed characteristics of our political adversaries. Right?
Click to expand...
Especially when he does such a good job of that himself.

At any rate the phrase "glass houses" applies to Trump.
 
Salvador

Salvador

RF's Swedenborgian
Shadow Wolf said:
Derpy Donny is fitting for your president who screwed up with these tariffs and has gave more bailout money to farmers than what the recession bailouts cost us. Dumb**** Donny is too stupid to realize countries like China won't just stand back and take such things.
Click to expand...

I'm glad somebody has taken effective measures pressuring the unfair Chinese trade practitioners into becoming more fair and balanced trade practitioners.
 
SoyLeche

SoyLeche

meh...
Salvador said:
Out of respect for the sacred office of the U.S. Presidency, please let's agree that President Trump's intelligence shouldn't be insulted by sophomoric name calling; whereas, President Trump is being amusingly informative when he attributes descriptive nick names summarizing the flawed characteristics of our political adversaries. Right?
Click to expand...
Yeah, no.

first of all, I’m not if the opinion that the role of the president is a “sacred office”. It’s a political position where the holder is accountable to the people. Being an idiot while holding that office makes you no less of an idiot, and I see no problem with a person in that position being called out as an idiot - as colorfully as is desired.
 
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