| How do tariffs work in the USA? 11:52 - Mar 13 with 749 views | saint901 |
I'm not an economist but can do some basic sums.
Trump says that steel and other metal going into the USA will now have a 25% tariff applied. (He announced a 50% tariff as well but rowed back on that a few hours later).
So let's say a car manufacturer can sell a vehicle at $1,000, and his cost is $700 of which $100 is for steel.
He is now paying $125 for the steel. He can increase his price for the vehicle to retain his profit margin or he can absorb some/all of the increased cost or he can decide to either not buy steel from wherever (assuming he can break the contract without cost) or not build the vehicle.
If he cannot get steel from elsewhere (I suspect that this is not a product that can be quickly made available) and cannot sell his vehicle whilst maintaining his profit margin, then his profit falls and he may have to make cuts in his workforce or elsewhere.
He could ask the supplier to reduce his prices but why would he? As far as he is concerned, the tariff is the choice of the USA and he is under no obligation to reduce his prices when he has no power to impact the tariff.
The latest White House press conference with the increasingly dim Leavitt said that the tariff is a tax paid by a foreign country to the USA. Does she not realise that the foreign country collects that from a US purchaser before paying it to them?
What am I missing? |  | | |  |
| How do tariffs work in the USA? on 11:55 - Mar 13 with 742 views | kentsouthampton |
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| How do tariffs work in the USA? on 12:56 - Mar 13 with 667 views | dirk_doone |
Somebody from the mainstream media pointed that out to Karoline Leavitt at one of her daily press briefings and she said she was making a note of that reporter i.e. he won't be allowed in again. He'll probably find himself in court soon, facing Trumped up charges.
Those press briefings are now being filled with far right, oddball podcasters. The one who was given the first question had a cross tattooed on her forehead. Meanwhile, the mainstream media are not being allowed to ask questions. |  |
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| How do tariffs work in the USA? on 20:36 - Mar 13 with 498 views | saint22 |
I think that you are wasting your time trying make realistic opinions about anything Trump says really
its all based on bluff and spin to make him look good
none of it is sensible, and te majority unactionable without payback | | | |
| How do tariffs work in the USA? on 08:22 - Mar 15 with 317 views | Berber |
The tarriifs are paid by the importer, to the government. The seller doesn’t do anything different. The case with electricity from Canada is slightly different. Here, the supplier has applied an increased price on supply so the money goes to Canada, not the US government. |  |
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| How do tariffs work in the USA? on 10:34 - Mar 15 with 284 views | City_boy |
| How do tariffs work in the USA? on 12:56 - Mar 13 by dirk_doone |
Somebody from the mainstream media pointed that out to Karoline Leavitt at one of her daily press briefings and she said she was making a note of that reporter i.e. he won't be allowed in again. He'll probably find himself in court soon, facing Trumped up charges.
Those press briefings are now being filled with far right, oddball podcasters. The one who was given the first question had a cross tattooed on her forehead. Meanwhile, the mainstream media are not being allowed to ask questions. |
The Journalist that had the run in with Leavitt was from Fox News, which was ironic as that is the Republicans/Trumps media channel of choice. Looks like even Fox is struggling to support Trumps whacky plans. It was noticeable how Trump went AWOL whilst Nasdaq and Dow tanked this week.
White House has already banned AP news.
The backlash momentum is building up nicely in US.
As for Leavitt, what an absolute piece of s**t she is. Way out of her depth, talks crap, lies unlesslesly and gets aggressive when challenged. [Post edited 15 Mar 10:40]
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| How do tariffs work in the USA? on 13:09 - Mar 15 with 230 views | kentsouthampton |
| How do tariffs work in the USA? on 10:34 - Mar 15 by City_boy |
The Journalist that had the run in with Leavitt was from Fox News, which was ironic as that is the Republicans/Trumps media channel of choice. Looks like even Fox is struggling to support Trumps whacky plans. It was noticeable how Trump went AWOL whilst Nasdaq and Dow tanked this week.
White House has already banned AP news.
The backlash momentum is building up nicely in US.
As for Leavitt, what an absolute piece of s**t she is. Way out of her depth, talks crap, lies unlesslesly and gets aggressive when challenged. [Post edited 15 Mar 10:40]
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She's literally as thick as shìt as well. | | | |
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