More TARIFFS

114,141 Views | 1150 Replies | Last: 3 days ago by DiabloWags
cal83dls79
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lol. All the folks on this board have been going on about this check. Taco.
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BearlySane88
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cal83dls79 said:

lol. All the folks on this board have been going on about this check. Taco.


All?
oski003
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BearlySane88 said:

cal83dls79 said:

lol. All the folks on this board have been going on about this check. Taco.


All?

Lol. The only folks going on about the checks are trolls.
cal83dls79
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You mean Trump nation? They were banking on this handout. Better get it done or they will be unhappy.
I'm sure PAC 10 and movie posted about it. Remember?
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cal83dls79
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There is also the matter of the $5000 DOGE refund check.
Not discussed by "all" on this board but still something to look forward to.

In February, Trump also said he would consider the plan to pay out $5,000 stimulus checks to taxpayers in the form of a "DOGE dividend" during a summit in Miami. He explained it as using part of the 20% of the savings identified by Musk's Department of Government Efficiency (DOGE) and giving it back to taxpayers. However, he has not shared any further specifics or details about the possible "DOGE dividend" or its certainty since then.
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oski003
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cal83dls79 said:

You mean Trump nation? They were banking on this handout. Better get it done or they will be unhappy.
I'm sure PAC 10 and movie posted about it. Remember?

Why would I have to "remember" something that "all the folks on this board are going on about?" You aren't making sense. You must be confusing legit posters with liberal trolls.
cal83dls79
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oski003 said:

cal83dls79 said:

You mean Trump nation? They were banking on this handout. Better get it done or they will be unhappy.
I'm sure PAC 10 and movie posted about it. Remember?

Why would I have to "remember" something that "all the folks on this board are going on about?" You aren't making sense. You must be confusing legit posters with liberal trolls.
just let me know when $7k is coming.
You see the theme here is Trump is making promises he can't keep and y'all keep getting excited about it. What we are left with parsing the word "all" like this were English class. So apparently you and 88 aren't expecting $7k and have never gone on about it. I stand corrected.
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oski003
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cal83dls79 said:

oski003 said:

cal83dls79 said:

You mean Trump nation? They were banking on this handout. Better get it done or they will be unhappy.
I'm sure PAC 10 and movie posted about it. Remember?

Why would I have to "remember" something that "all the folks on this board are going on about?" You aren't making sense. You must be confusing legit posters with liberal trolls.
just let me know when $7k is coming.
You see the theme here is Trump is making promises he can't keep and y'all keep getting excited about it. What we are left with parsing the word "all" like this were English class. So apparently you and 88 aren't expecting $7k and have never gone on about it. I stand corrected.


Feel free to mock Trump for an old promise. Don't baselessly mock posters here. There were no parsing words. Thanks.
DiabloWags
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cal83dls79 said:

You mean Trump nation? They were banking on this handout. Better get it done or they will be unhappy.
I'm sure PAC 10 and movie posted about it. Remember?


Bro, Trump told us that at some point we won't even have to pay income taxes anymore because we are taking in Trillions in tariff money.

He can't even remember his own Truth Social post from November 9th, 2025 where he said that "a dividend of at least $2000 a person will be paid to everyone."

"I SAID THAT???"

Lmao.


"Cults don't end well. They really don't."
concordtom
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There will be NO doge dividend.
There will be a Trump default.

https://www.yahoo.com/finance/news/live/trump-tariffs-live-updates-trump-says-were-screwed-if-supreme-court-rules-against-his-tariffs-152657650.html
cal83dls79
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oski003 said:

cal83dls79 said:

oski003 said:

cal83dls79 said:

You mean Trump nation? They were banking on this handout. Better get it done or they will be unhappy.
I'm sure PAC 10 and movie posted about it. Remember?

Why would I have to "remember" something that "all the folks on this board are going on about?" You aren't making sense. You must be confusing legit posters with liberal trolls.
just let me know when $7k is coming.
You see the theme here is Trump is making promises he can't keep and y'all keep getting excited about it. What we are left with parsing the word "all" like this were English class. So apparently you and 88 aren't expecting $7k and have never gone on about it. I stand corrected.


Feel free to mock Trump for an old promise. Don't baselessly mock posters here. There were no parsing words. Thanks.
some follow up here. Can you please make a list of Trump's old promises and new promises, kept, unkept, cancelled etc. …I mean so I don't needlessly mock.
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oski003
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cal83dls79 said:

oski003 said:

cal83dls79 said:

oski003 said:

cal83dls79 said:

You mean Trump nation? They were banking on this handout. Better get it done or they will be unhappy.
I'm sure PAC 10 and movie posted about it. Remember?

Why would I have to "remember" something that "all the folks on this board are going on about?" You aren't making sense. You must be confusing legit posters with liberal trolls.
just let me know when $7k is coming.
You see the theme here is Trump is making promises he can't keep and y'all keep getting excited about it. What we are left with parsing the word "all" like this were English class. So apparently you and 88 aren't expecting $7k and have never gone on about it. I stand corrected.


Feel free to mock Trump for an old promise. Don't baselessly mock posters here. There were no parsing words. Thanks.
some follow up here. Can you please make a list of Trump's old promises and new promises, kept, unkept, cancelled etc. …I mean so I don't needlessly mock.


Trump is a bit of a blowhard, just like you are now being. I didn't vote for him and don't really care too much about some of the outlandish stuff he has said. I focus on individual policies. I read somewhere that he is below average in keeping campaign promises.
cal83dls79
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Market is blowing hard today. Mr 1 Tool Peace Prize strikes again.

https://www.barrons.com/livecoverage/stock-market-news-today-012026
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DiabloWags
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The SCOTUS opinion on Trump's tariffs was expected today.
But nothing came out and there is no idea when an opinion is scheduled to be given.

(opinions in the Federal Circuit totaled 127 pages)

Tomorrow, it's the Orange Man vs Fed Governor Lisa Cook

Announcement of opinions for Tuesday, January 20 - SCOTUSblog
"Cults don't end well. They really don't."
smh
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cal83dls79 said:

Market is blowing hard today. Mr 1 Tool Peace Prize strikes again.

only One?
< Im not sick, but im not well; sometimes it feels.. >
cal83dls79
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Definitely his fave.
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DiabloWags
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"Cults don't end well. They really don't."
BearlySane88
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movielover
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I recall several decades ago this mantra that "we weren't going to manufacture anything", and "we'll become a service economy".

Who came up with this cr-p? Nihilist traitors, academics, Globalists?
PAC-10-BEAR
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The same people who said we're going to own nothing, eat bugs, and like it?
concordtom
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LA Times

A new study finds that Americans paid 96% of Trump's tariff charges, making them a hidden tax on U.S. consumers.


On Tuesday morning, all eyes on Wall Street seemed glued to the nearest screens in expectation that the Supreme Court would finally disgorge its opinion on the legality of President Trump's tariffs.

It had been a long wait: The Court heard oral arguments on the issue Nov. 5, when questions from the justices suggested that a majority was prepared to strike the tariffs down.

But the wait isn't over. No tariff decision came down Tuesday. With the Court about to start a four-week recess, that means that a ruling on the tariffs won't come before late February, leaving Trump's most impactful economic policy in limbo for at least another month.

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Tariffs do not transfer wealth from foreigners to Americans. They transfer wealth from American consumers to the US Treasury.
Kiel Institute for the World Economy
But verdicts on the tariffs are flowing in from elsewhere, and from the standpoint of American consumers, they're ugly in the extreme.

One finding comes from the Kiel Institute for the World Economy, a respected German economic think tank. Contrary to Trump's insistence that the tariffs are paid by foreign countries more precisely by their exporters Kiel's study finds that the tariffs are almost entirely paid by American importers and their domestic customers.


In 2025, Kiel wrote, the $200 billion that the U.S. treasury collected from Trump's tariffs was tantamount to a $200-billion consumption tax on Americans.

"The tariffs are, in the most literal sense, an own goal," Kiel's researchers wrote. "Americans are footing the bill."

A second opinion may be even more frightening. It's that inflation is likely to take off in 2026, driven by tariffs and other ill-considered economic policies emanating from the Trump White House. That's the view of economists Peter Orzsag, chief executive of the investment firm Lazard; and Adam Posen, president of the Peterson Institute for International Economics.

"Inflation rising above 4 percent by the end of 2026 is not only plausible," they write, "but arguably the most likely scenario." That would be a big jump from the most recent government estimate of a 2.7% annual rate in December.

The gist of the forecast by Orszag and Posen is that Americans were living in a dream world throughout 2025, when a muted inflation increase led even many experts to conclude that the Federal Reserve Board had "largely won its inflation battle," notwithstanding higher tariffs.

U.S. importers had absorbed most of the cost of tariffs through 2025, Orszag and Posen concluded. "That will change in the first half of 2026," they write. "Historical evidence shows that tariff passthrough tends to be gradual, with consumer prices rising only as firms revise pricing with a lag."

American importers were able to absorb tariff costs in part because they had stockpiled inventories in anticipation of the higher duties. Wary of imposing one-time price increases, businesses chose to raise prices in smaller steps and over a longer period, Orszag and Posen observe. But that relief is likely to be exhausted by the middle of this year.

None of these findings has had any effect on the White House position on tariffs.

"The average tariff imposed by America has increased by almost tenfold under President Trump, and inflation has continued to cool from Biden-era highs," White House spokesman Kush Desai told me by email. "The Administration has consistently maintained that foreign exporters who depend on access to the American economy, the world's biggest and best consumer market, will ultimately pay the cost of tariffs, and that's exactly what's playing out."

Yet red lights are flashing as Trump intensifies his use of tariffs as an instrument of a personal foreign policy, almost entirely divorced from their traditional economic role in trade relations.

Over the last week, Trump has threatened European countries with higher tariffs because of their efforts to thwart his determination to take over Greenland. On Monday, he threatened to impose 200% tariffs on French wines because French President Emmanuel Macron balked at joining Trump's "Board of Peace," a body he proposes to address global conflicts.

Let's take a closer look at the latest tariff analyses.


The Kiel study was based on shipment records covering more than 25 million transactions valued at nearly $4 trillion, as well as on case studies of how Indian and Brazilian exporters responded to sharp tariff increases Trump imposed on those countries last year.

The broader statistics, Kiel reported, indicated that 96% of all tariffs were passed through to Americans. As Kiel observed, by claiming that foreign countries pay tariffs, Trump was able to frame them as "a tool to extract concessions from trading partners while generating revenue for the US government at no cost to American households."

The truth is that American consumers and importers bore 96% of all the costs, Kiel calculated. That's not a novel phenomenon. As the Kiel study noted, during the 2018-19 U.S.-China trade war also instigated by Trump "US import prices rose nearly one-for-one with the tariffs, while Chinese export prices remained largely unchanged."

With the latest round of tariff increases, Kiel found, exporters have not cut prices to maintain sales," which would be tantamount to their paying the tariff costs. Instead, foreign exporters "are accepting reduced market share in the United States while maintaining their profit margins."

That was notably the case with India, where the value and quantity of exports to the U.S. fell by as much as 24% relative to other export destinations after Trump hit India with a 25% tariff Aug. 7 and raised it to 50% later in the month. "Indian exporters responded to US tariffs by shipping less, not by cutting prices."

The Kiel researchers conjectured that exporters didn't absorb the tariff costs for three main reasons. First, they had recourse to alternative markets such as Europe and Asia: "The United States is a large market, but it is not the only market."

Second, the tariffs were so large that cutting prices to absorb them would make many exports unprofitable. "Given the choice between maintaining margins on reduced sales or slashing margins to maintain volume," the Kiel researchers wrote, "most exporters apparently prefer the former."

Finally, many U.S. importers did not have a choice in sourcing goods. That gave existing exporters the upper hand: Exporters know that U.S. importers can't easily find alternative suppliers, "so they face less competitive pressure to cut prices."

Tariff costs percolate through to American consumers in numerous ways through higher prices on imported goods, higher prices on domestic goods produced with imported parts and a narrowed variety of goods on the shelves. Meanwhile, importers have to shoulder the cost adjusting to tariffs by seeking out untariffed suppliers.

"These 'deadweight' losses are pure economic waste," the Kiel researchers concluded "costs borne by Americans with no offsetting benefits."

In sum, "tariffs do not transfer wealth from foreigners to Americans. They transfer wealth from American consumers to the US Treasury." Think about that when Trump or Cabinet members such as Commerce Secretary Howard Lutnick or Treasury Secretary Scott Bessent crow about how much money is flowing into the Treasury due to higher tariffs.

Tariffs won't be the only drivers of inflation through this year, Orszag and Posen acknowledge. But the other drivers are also Trump policies.

These include mass deportations of foreign-born workers. "When deportation effects fully materialize," they write, "labor shortages in migrant-dependent sectors will intensify, forcing wage increases that feed into services inflation home health care costs are already rising at a 10 percent annual rate, near decade highs."

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Orszag and Posen also warn that the price shocks sustained by American consumers through 2025 and into this year could have lasting effects on consumer behavior, and therefore on the broader economy, even if statistics show inflation declining.

"Lived experience with inflation has lasting effects on expectations," they observe. "Households remember salient price increases eggs, meat, child care, home repairs far more vividly than aggregate statistics. These memory effects persist for years or even generations."

As Trump marks the first anniversary of his second term, the U.S. economy is showing its strain. As long as tariffs remain in Supreme Court limbo, there aren't any signals that things will get better.
movielover
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Inflation under control.
DiabloWags
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MORE TAXES

"Cults don't end well. They really don't."
movielover
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DiabloWags said:

MORE TAXES




If Canada tries to become a trans-shipping point for China to evade USA tariffs, great!

concordtom
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movielover said:

DiabloWags said:

MORE TAXES




If Canada tries to become a trans-shipping point for China to evade USA tariffs, great!




So then I'm not driving just to Oregon to buy large ticket items for No Sales Taxes, but I'm continuing up I-5 to Vancouver BC to get No Tariffs?
movielover
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For maple syrup? Sure.
concordtom
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movielover said:

For maple syrup? Sure.

For Chinese solar panels, batteries, inverters
BearlySane88
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concordtom said:

movielover said:

For maple syrup? Sure.

For Chinese solar panels, batteries, inverters


If you're taking a day trip across the border, you have to pay duties on anything over $200 usually.

If you're staying in the frozen north for more than 48 hours, you have to pay duties on anything over $800.

And with current tariffs, you're paying an extra 7.5%-25% duty on Chinese made goods brought across the border from Canada.
cal83dls79
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movielover said:

For maple syrup? Sure.
Maine Syrup Industry projecting massive increase in syrup farm construction! Jobs! I may start tapping my trees again.
My neighbor has a mini plant I could lease out. Thanks Don!
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Eastern Oregon Bear
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cal83dls79 said:

movielover said:

For maple syrup? Sure.

Maine Syrup Industry projecting massive increase in syrup farm construction! Jobs! I may start tapping my trees again.
My neighbor has a mini plant I could lease out. Thanks Don!

Sweet!
movielover
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BearlySane88 said:

concordtom said:

movielover said:

For maple syrup? Sure.

For Chinese solar panels, batteries, inverters


If you're taking a day trip across the border, you have to pay duties on anything over $200 usually.

If you're staying in the frozen north for more than 48 hours, you have to pay duties on anything over $800.

And with current tariffs, you're paying an extra 7.5%-25% duty on Chinese made goods brought across the border from Canada.


If I buy some Chinese blow or splif and consume it there at a strip club, do I pay a tariff? Asking for a friend.
BearlySane88
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movielover said:

BearlySane88 said:

concordtom said:

movielover said:

For maple syrup? Sure.

For Chinese solar panels, batteries, inverters


If you're taking a day trip across the border, you have to pay duties on anything over $200 usually.

If you're staying in the frozen north for more than 48 hours, you have to pay duties on anything over $800.

And with current tariffs, you're paying an extra 7.5%-25% duty on Chinese made goods brought across the border from Canada.


If I buy some Chinese blow or splif and consume it there at a strip club, do I pay a tariff? Asking for a friend.


Only on the reside inside your nostrils
PAC-10-BEAR
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Cal88
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PAC-10-BEAR said:




Very dumb politics to go out of your way and alienate your best ally and trading partner.
PAC-10-BEAR
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Cal88 said:

Very dumb politics to go out of your way and alienate your best ally and trading partner.

Agreed. Carney just started so maybe he'll just have to learn the hard way.
 
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