'Liberation Day' tariff announcements

scott_nz 4/8/2025 9:46pm
4/8/2025 9:46pm
inflammable wrote:

Why are tariffs considered a tax paid by consumers, but corporate and excise taxes are not?

id argue excise taxes are paid by consumer as well,  as they are on a cost or quantity bases, ,  corporate taxes are on profit,

Last2Stroke 4/8/2025 9:47pm
4/8/2025 9:47pm
MO 23 wrote:
Do you think it’s that simple?The US and Australia has a free trade agreement, with a very few type of goods excluded by mutual agreement.Not that...

Do you think it’s that simple?

The US and Australia has a free trade agreement, with a very few type of goods excluded by mutual agreement.
Not that I think a perfect trade balance is important, however for what it’s worth the US enjoys a trade surplus.

Yet, we have now been hit with a 10% tariff on all goods and a 25% tariff on steel and aluminum.

I don’t understand the rational on this, and I don’t buy the “reciprocal” argument. You say they are for the “goal of fair trade”, yet I would argue we had a very fair trade deal. So what is the point of the tariff in the case of trade with Australia? 

These won’t really have a huge impact on our economy. However the general global upheaval will have a huge impact.


Like I said, it sucks 

Last2Stroke wrote:
It's a tax on US consumers, there would be rioting in the streets if their income tax went up the same amount, but tariffs are acceptable...

It's a tax on US consumers, there would be rioting in the streets if their income tax went up the same amount, but tariffs are acceptable, because, you know .... China.

The US government has 3 ways to reduce their deficit, reduce spending (DOGE is working on that!), increase income through increased taxes (personal income tax, corporate taxes, excise tax and tariffs), or default on the debt.

inflammable wrote:

Why are tariffs considered a tax paid by consumers, but corporate and excise taxes are not?

Businesses pass corporate and excise taxes on to consumers through higher prices, in the end the consumer always pays!

 

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Not a good sign for US manyfacturingGoDMzi0bwAEugvz

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APLMAN99
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APLMAN99 4/9/2025 6:41am
4/9/2025 6:41am
APLMAN99 wrote:

Nobody loves tariffs?!?!

Cool_Hand_Luke wrote:
Again, "Your premise is incorrect......nobody loves tariffs. They are used as economic leverage to the goal of fair trade."Do you think that if no country put...

Again, "Your premise is incorrect......nobody loves tariffs. They are used as economic leverage to the goal of fair trade."

Do you think that if no country put a tariff on US goods, then President Trump would enact them just because he loves them? Please.......

You cannot be that dense.

 

I’m sorry if my post was somehow taken as an insult to you. It wasn’t my intent, but obviously that’s how it was received based upon your need to try to insult rather than talk. 

Trump has made it very clear that he loves tariffs. He’s spoken many times about his ‘plan’ to replace income taxes with tariff proceeds.  The notion that he sees tariffs strictly as a trade bargaining tool is belied by his own statements. 

Now there is a decent argument to be made that Trump doesn’t fully understand the impacts of this blanket tariff policy, and that’s probably the case.  

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early 4/9/2025 7:09am
4/9/2025 7:09am

Literally

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ns503
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ns503 4/9/2025 7:24am
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TeamGreen
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TeamGreen 4/9/2025 7:35am
4/9/2025 7:35am

So, it’s April 9th.

Is the sky falling?

Is the end near?

🤣

The DOW is 37,826 as I write this. Is it the end of the world? 

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Spurdo
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Spurdo 4/9/2025 7:52am
4/9/2025 7:52am
Screenshot 20250409-104942 Chrome

I was PROMISED $30,000 Iphones. Will somebody please show me the $30,000 Iphones. I demand to see the $30,000 Iphones now. Where are they?!?!

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LungButter
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LungButter 4/9/2025 7:56am
4/9/2025 7:56am
Spurdo wrote:
Wonder how your gonna spin this one. I'm sure you wont let me down. 
1744143120337480

Wonder how your gonna spin this one. I'm sure you wont let me down. 

Spin it?  I don't think you have the reading comprehension to understand the point I'm making.

I didn't remember that Sleepy Joe did this, I'm more curious if the Trumpers supported this when he did it or they only think it's a good idea when Trump does it.

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LoudLove
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LoudLove 4/9/2025 7:56am
4/9/2025 7:56am

Unlike other significant economic downturns, the current situation was launched by a single individual.  On the downside, it wasn’t necessary, but on the upside, fundamental metrics remain strong. Assuming this trade war sees a peaceful resolution. Otherwise the trillions in value lost may take several years to recoup.  This makes the billions sent to Ukraine look like a rounding error. 

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Cool_Hand_Luke 4/9/2025 8:27am
4/9/2025 8:27am
APLMAN99 wrote:

Nobody loves tariffs?!?!

Cool_Hand_Luke wrote:
Again, "Your premise is incorrect......nobody loves tariffs. They are used as economic leverage to the goal of fair trade."Do you think that if no country put...

Again, "Your premise is incorrect......nobody loves tariffs. They are used as economic leverage to the goal of fair trade."

Do you think that if no country put a tariff on US goods, then President Trump would enact them just because he loves them? Please.......

You cannot be that dense.

 

APLMAN99 wrote:
I’m sorry if my post was somehow taken as an insult to you. It wasn’t my intent, but obviously that’s how it was received based upon...

I’m sorry if my post was somehow taken as an insult to you. It wasn’t my intent, but obviously that’s how it was received based upon your need to try to insult rather than talk. 

Trump has made it very clear that he loves tariffs. He’s spoken many times about his ‘plan’ to replace income taxes with tariff proceeds.  The notion that he sees tariffs strictly as a trade bargaining tool is belied by his own statements. 

Now there is a decent argument to be made that Trump doesn’t fully understand the impacts of this blanket tariff policy, and that’s probably the case.  

No worries, I misread the tone. My bad on that.

My point is Trump loves the tariffs to the fact they bring countries to a fair trade agreement, not that he loves tariffs as a rule.

The problem many in here have with Trump is they infer from his statements that he talks like a politician, when the opposite is true, easy for the TDSers to be confused.

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Cool_Hand_Luke 4/9/2025 8:29am
4/9/2025 8:29am
TeamGreen wrote:

So, it’s April 9th.

Is the sky falling?

Is the end near?

🤣

The DOW is 37,826 as I write this. Is it the end of the world? 

Now you are just trolling! LOL

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byke 4/9/2025 9:36am
4/9/2025 9:36am
MO 23 wrote:
Do you think it’s that simple?The US and Australia has a free trade agreement, with a very few type of goods excluded by mutual agreement.Not that...

Do you think it’s that simple?

The US and Australia has a free trade agreement, with a very few type of goods excluded by mutual agreement.
Not that I think a perfect trade balance is important, however for what it’s worth the US enjoys a trade surplus.

Yet, we have now been hit with a 10% tariff on all goods and a 25% tariff on steel and aluminum.

I don’t understand the rational on this, and I don’t buy the “reciprocal” argument. You say they are for the “goal of fair trade”, yet I would argue we had a very fair trade deal. So what is the point of the tariff in the case of trade with Australia? 

These won’t really have a huge impact on our economy. However the general global upheaval will have a huge impact.


Like I said, it sucks 

Last2Stroke wrote:
It's a tax on US consumers, there would be rioting in the streets if their income tax went up the same amount, but tariffs are acceptable...

It's a tax on US consumers, there would be rioting in the streets if their income tax went up the same amount, but tariffs are acceptable, because, you know .... China.

The US government has 3 ways to reduce their deficit, reduce spending (DOGE is working on that!), increase income through increased taxes (personal income tax, corporate taxes, excise tax and tariffs), or default on the debt.

inflammable wrote:

Why are tariffs considered a tax paid by consumers, but corporate and excise taxes are not?

Superb question. It's about the perception of punishment, albeit a false and self-destructive perception. Lefties tend to hate corporations, so they clap like seals when they see what looks like corps being punished, while they're simultaneously being pickpocketed. Righties tend to be more Americentric, so they clap like seals when they see what looks like other countries being punished, while they're simultaneously being pickpocketed. 

If things get bad enough, there will be no right and left being robbed while also being pitted against each other anymore. There will be people tired of being manipulated and fleeced against the people doing the manipulative fleecing.

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bonseff 4/9/2025 9:37am
4/9/2025 9:37am Edited Date/Time 4/9/2025 9:38am

image 1486

 

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byke 4/9/2025 9:41am
4/9/2025 9:41am

LOL!!

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SilentAssassin 4/9/2025 9:57am
4/9/2025 9:57am
Spurdo wrote:
I was PROMISED $30,000 Iphones. Will somebody please show me the $30,000 Iphones. I demand to see the $30,000 Iphones now. Where are they?!?!
Screenshot 20250409-104942 Chrome

I was PROMISED $30,000 Iphones. Will somebody please show me the $30,000 Iphones. I demand to see the $30,000 Iphones now. Where are they?!?!

Tariffs on a 4 year old phone?😂🤦‍♂️

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early 4/9/2025 10:00am
4/9/2025 10:00am

On Liberation Day I saw Russians dancing on the rooftops shouting death to America

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bonseff 4/9/2025 10:33am
4/9/2025 10:33am
image 1489.png?VersionId=7tCsJ85ga5a

This is insane.

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Sandberm656 4/9/2025 10:35am
4/9/2025 10:35am

Hell of a move. Trump puts 90 day pause on tariffs except to China. Raises theirs to 125%

20250409 103143.jpg?VersionId=nSK5aFijpZcnQPCdj 0 bUysum22
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FastEddy 4/9/2025 10:55am
4/9/2025 10:55am Edited Date/Time 4/9/2025 10:56am
bonseff wrote:
This is insane.
image 1489.png?VersionId=7tCsJ85ga5a

This is insane.

Very insane. Just imagine having to review and change prices for everything online.  Amazon to small retailers ect... billions of things.  

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early 4/9/2025 11:02am
4/9/2025 11:02am
bonseff wrote:
This is insane.
image 1489.png?VersionId=7tCsJ85ga5a

This is insane.

trump's a panican who couldn't be cool

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Spurdo
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Spurdo 4/9/2025 11:11am
4/9/2025 11:11am
1744219710863583m

Liberals and foreigners still seething. 

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mtbkris2 4/9/2025 11:19am
4/9/2025 11:19am

Now I just get the feeling he’s going to pump the market. Announced 90 day pause to some tarriffs and market now only losing 11 mo of gains instead of 12

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disposablevince 4/9/2025 11:29am
4/9/2025 11:29am

Christ, if I had power over the markets and behaved like Trump I'd be in chains by now. He's genuinely insane I believe, up there with Kim Jong Yun. 

As an outsider, it's quite fascinating to watch 'freedom' and 'democracy' at work. Hopefully it's not going to impact too severely on the rest of the world for long, 

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