What happens when a REAL president takes office..

[ironglow]

  Yes ! The tyrants tremble...  https://www.wnd.com/trump-chronicles/immigration-border/

[darkgael]

Ok. I am not trolling. I defer to your knowledge of affairs. So…how are tariffs going to help us if prices go up.

[Mule 11]

The same way they did last time he did it when he was in office and the main stream news was screeching prices on these goods were going to go up, up, up...

[Dixie-Dude]

Trump wants to replace income tax with tariffs or a vat tax.  Trade off.  Also, tariffs can be used to stimulate American production of goods.  And, punish those countries who could be potential enemies.  And make countries like Canada and Mexico interdict the fentinal coming into the US as well as illegals.  Once those are dealt with the tariffs for them can come off. 

You have got to remember.  The US government relied on tariffs for about 150 years before income tax started to take over.  If our production increases, it also increases the tax base here in the US, especially corporate income taxes.

[Lizard of Oz]

Let’s hope this round of tariffs is as effective as his first ones!
A study published in fall 2019 in the Journal of Economic Perspectives found that by December 2018, Trump's tariffs resulted in a reduction in aggregate U.S. real income of $1.4 billion per month in deadweight losses, and cost U.S. consumers an additional $3.2 billion per month in added tax.[24] The study's authors noted that these were conservative measures of the losses from the tariffs, because they did not take account of the tariffs' effects in reducing the variety of products available to consumers, or the tariff-related costs attributable to policy uncertainty or the fixed costs incurred by companies to reorganize their global supply chains.[24] A study by Federal Reserve Board economists found that the tariffs reduced employment in the American manufacturing sector.[206][207]
An April 2019 working paper by economists found that the tariffs on washing machines caused the prices of washers to increase by approximately twelve percent in the United States.[23] A 2019 paper by Federal Reserve Board economists found that the steel tariffs led to 0.6% fewer jobs in the manufacturing sector than would have happened in the absence of the tariffs; this amounted to approximately 75,000 jobs.[208][209]
In May 2019, analyses from varying organizations were released. A May 2019 Goldman Sachs analysis found that the consumer price index (CPI) for tariffed goods had increased dramatically, compared to a declining CPI for all other core goods.[210] A CNBC analysis that month found that Trump had "enacted tariffs equivalent to one of the largest tax increases in decades," while Tax Foundation and Tax Policy Center analyses found the tariffs could offset the benefits of the Tax Cuts and Jobs Act of 2017 for many households.[20][21][22] The Tax Foundation found that if all existing and proposed tariffs were fully implemented, the benefits of the Trump tax cut would be eliminated for all taxpayers through the 90th percentile in earnings.[211]
Another May 2019 analysis conducted by the National Taxpayers Union warned that the existing and proposed additional tariffs, if fully implemented, would constitute the largest tax increase of the post-war era.[212] According to an analysis by Peterson Institute for International Economics economists, American businesses and consumers paid more than $900,000 a year for each job that was created or saved as a result of the Trump administration's tariffs on steel and aluminum.[213] The cost for each job saved as a result of the administration's tariffs on washing machines was $815,000.[213]
Analysis conducted by Deutsche Bank estimated that Trump's trade actions had resulted in foregone American stock market capitalization of $5 trillion through May 2019.[214]
A September 2019 Federal Reserve study found that tariffs Trump imposed through mid-2019, combined with the policy uncertainty they created, would reduce the 2020 real GDP growth rate by one percentage point.[215][needs update]
A study by four economists published in October 2019 by the Quarterly Journal of Economics estimated that U.S. consumers and firms who buy imports lost $51 billion (0.27% of GDP) as a result of the 2018 tariffs. After accounting for increases in government tariff revenue and gains to U.S. producers, the study authors estimated the aggregate U.S. real income loss to be $7.2 billion (0.04% of GDP).[25] The study found that "retaliatory tariffs resulted in a 9.9% decline in U.S. exports within products."[25] The study also found that workers in heavily Republican counties suffered the most from the trade war, because retaliatory tariffs focused on agricultural products.[25]
Between the time Trump took office in 2017 through March 2019, the U.S.'s trade deficit grew by $119 billion, reaching $621 billion, the highest it had been since 2008.[216] As of January 2020, the Trump administration had imposed tariffs on 16.8% of all goods imported into the U.S. (measured as a share of the value of all U.S. imports in 2017).[217] The Congressional Budget Office (CBO) published its estimate of the U.S. economic impact from Trump's trade policies:
In CBO's estimation, the trade barriers put in place by the United States and its trading partners between January 2018 and January 2020 would reduce real GDP over the projection period. The effects of those barriers on trade flows, prices, and output are projected to peak during the first half of 2020 and then begin to subside. Tariffs are expected to reduce the level of real GDP by roughly 0.5 percent and raise consumer prices by 0.5 percent in 2020. As a result, tariffs are also projected to reduce average real household income by $1,277 (in 2019 dollars) in 2020. CBO expects the effect of trade barriers on output and prices to diminish over time as businesses continue to adjust their supply chains in response to the changes in the international trading environment.[217]
A 2021 study by Oxford Economics and the U.S.-China Business Council concluded that the United States lost 245,000 jobs as a result of the Trump tariffs
https://en.m.wikipedia.org/wiki/First_Trump_tariffs

[Mule 11]

Typical leftist... Wikipedia no less

    Making other countries pay more to sell their goods makes selling American made products sell thus keeping the money in the good old U.S.A... Also it makes the other countries bow to the will of the U.S.A... Increasing our economy by keeping more money in the U.S.A. Plus the revenue going directly to the U.S.A. These reasons and more create a stronger economy for the U.S.A... American consumers spend more which also contributes and puts more in their pockets by creating jobs and growth.
    Elementary dear Watson.

[DDZ]

Just think if China decided to weaponize pharmaceuticals. We get most of our antibiotics from China along with many other pharmaceuticals.  Last year, China accounted for 95 percent of U.S. imports of ibuprofen, 91 percent of U.S. imports of hydrocortisone, 70 percent of U.S. imports of acetaminophen, 40 to 45 percent of U.S. imports of penicillin and 40 percent of U.S. imports of heparin. Somehow we need to get companies to start making products here, and tariffs is one of the ways to do that. Want to talk about a national security threat. China making most all of our pharmaceuticals is one of them. Not only pharmaceuticals, but China is also our big supplier of active pharmaceutical ingredients.
In stead of wanting to fix the problem. Trump haters rather just bitch about the cost of something going up, because of tariffs. Funny there wasn't any bitching from the Biden voter crowd when the Biden administration caused the cost of everything to sky rocket. 

[Mule 11]

Just think if China decided to weaponize pharmaceuticals. We get most of our antibiotics from China along with many other pharmaceuticals.  Last year, China accounted for 95 percent of U.S. imports of ibuprofen, 91 percent of U.S. imports of hydrocortisone, 70 percent of U.S. imports of acetaminophen, 40 to 45 percent of U.S. imports of penicillin and 40 percent of U.S. imports of heparin. Somehow we need to get companies to start making products here, and tariffs is one of the ways to do that. Want to talk about a national security threat. China making most all of our pharmaceuticals is one of them. Not only pharmaceuticals, but China is also our big supplier of active pharmaceutical ingredients.
In stead of wanting to fix the problem. Trump haters rather just bitch about the cost of something going up, because of tariffs. Funny there wasn't any bitching from the Biden voter crowd when the Biden administration caused the cost of everything to sky rocket.

    No. They just bitched about for instance, Elon Musk joining Trump. Because he is a hell of a lot smarter than they are .

[Mule 11]

So then, considering I was alive and better off during this time frame. Why was everything drastically cheaper and I had more money when President Trump enacted said tariffs ?

[Lizard of Oz]

I stand corrected. Anecdotal evidence from a renowned self anointed economist far out weigh studies conducted by the amateur outfits referenced in the Wikipedia article.

[Mule 11]

Better then a self appointed leftist troll who when faced with proven data opposing the leftist propaganda slithers away with no response and banned multiple times yet returns under a different pseudonym. Quoting one of your favorite hypocrites “ it’s the economy stupid “. Don’t have to be anything other then a consumer of goods to know when it’s good or bad. As the rocket scientist said to his apprentice “ this isn’t carpentry “ oh, and btw one of the smartest rocket scientists Elon Musk a lifelong democrat is backing the Donald . Don’t get your skid marks in a bunch...

[Casull]

Let’s hope this round of tariffs is as effective as his first ones!
A study published in fall 2019 in the Journal of Economic Perspectives found that by December 2018, Trump's tariffs resulted in a reduction in aggregate U.S. real income of $1.4 billion per month in deadweight losses, and cost U.S. consumers an additional $3.2 billion per month in added tax.[24] The study's authors noted that these were conservative measures of the losses from the tariffs, because they did not take account of the tariffs' effects in reducing the variety of products available to consumers, or the tariff-related costs attributable to policy uncertainty or the fixed costs incurred by companies to reorganize their global supply chains.[24] A study by Federal Reserve Board economists found that the tariffs reduced employment in the American manufacturing sector.[206][207]
An April 2019 working paper by economists found that the tariffs on washing machines caused the prices of washers to increase by approximately twelve percent in the United States.[23] A 2019 paper by Federal Reserve Board economists found that the steel tariffs led to 0.6% fewer jobs in the manufacturing sector than would have happened in the absence of the tariffs; this amounted to approximately 75,000 jobs.[208][209]
In May 2019, analyses from varying organizations were released. A May 2019 Goldman Sachs analysis found that the consumer price index (CPI) for tariffed goods had increased dramatically, compared to a declining CPI for all other core goods.[210] A CNBC analysis that month found that Trump had "enacted tariffs equivalent to one of the largest tax increases in decades," while Tax Foundation and Tax Policy Center analyses found the tariffs could offset the benefits of the Tax Cuts and Jobs Act of 2017 for many households.[20][21][22] The Tax Foundation found that if all existing and proposed tariffs were fully implemented, the benefits of the Trump tax cut would be eliminated for all taxpayers through the 90th percentile in earnings.[211]
Another May 2019 analysis conducted by the National Taxpayers Union warned that the existing and proposed additional tariffs, if fully implemented, would constitute the largest tax increase of the post-war era.[212] According to an analysis by Peterson Institute for International Economics economists, American businesses and consumers paid more than $900,000 a year for each job that was created or saved as a result of the Trump administration's tariffs on steel and aluminum.[213] The cost for each job saved as a result of the administration's tariffs on washing machines was $815,000.[213]
Analysis conducted by Deutsche Bank estimated that Trump's trade actions had resulted in foregone American stock market capitalization of $5 trillion through May 2019.[214]
A September 2019 Federal Reserve study found that tariffs Trump imposed through mid-2019, combined with the policy uncertainty they created, would reduce the 2020 real GDP growth rate by one percentage point.[215][needs update]
A study by four economists published in October 2019 by the Quarterly Journal of Economics estimated that U.S. consumers and firms who buy imports lost $51 billion (0.27% of GDP) as a result of the 2018 tariffs. After accounting for increases in government tariff revenue and gains to U.S. producers, the study authors estimated the aggregate U.S. real income loss to be $7.2 billion (0.04% of GDP).[25] The study found that "retaliatory tariffs resulted in a 9.9% decline in U.S. exports within products."[25] The study also found that workers in heavily Republican counties suffered the most from the trade war, because retaliatory tariffs focused on agricultural products.[25]
Between the time Trump took office in 2017 through March 2019, the U.S.'s trade deficit grew by $119 billion, reaching $621 billion, the highest it had been since 2008.[216] As of January 2020, the Trump administration had imposed tariffs on 16.8% of all goods imported into the U.S. (measured as a share of the value of all U.S. imports in 2017).[217] The Congressional Budget Office (CBO) published its estimate of the U.S. economic impact from Trump's trade policies:
In CBO's estimation, the trade barriers put in place by the United States and its trading partners between January 2018 and January 2020 would reduce real GDP over the projection period. The effects of those barriers on trade flows, prices, and output are projected to peak during the first half of 2020 and then begin to subside. Tariffs are expected to reduce the level of real GDP by roughly 0.5 percent and raise consumer prices by 0.5 percent in 2020. As a result, tariffs are also projected to reduce average real household income by $1,277 (in 2019 dollars) in 2020. CBO expects the effect of trade barriers on output and prices to diminish over time as businesses continue to adjust their supply chains in response to the changes in the international trading environment.[217]
A 2021 study by Oxford Economics and the U.S.-China Business Council concluded that the United States lost 245,000 jobs as a result of the Trump tariffs
https://en.m.wikipedia.org/wiki/First_Trump_tariffs

And yet, somehow, inflation was lower and growth was higher under Trump than Biden or Obama.  Hmmmm.

[Lizard of Oz]

Not true about Obama.
True about Biden. What was the root of Biden’s inflation problems? COVID.
Who botched the COVID response which lead to inflation problems?

https://www.investopedia.com/us-inflation-rate-by-president-8546447

[ironglow]

Not true about Obama.
True about Biden. What was the root of Biden’s inflation problems? COVID.
Who botched the COVID response which lead to inflation problems?

https://www.investopedia.com/us-inflation-rate-by-president-8546447

  Always an excuse.. blame Covid...more appropriately "the Chinese virus"...language Biden & Co. devised to avoid "offending" Biden's buddies !
   ...And perhaps, his benefactors?

  Sure Liz dug up some alleged "studies' to affirm his/her/it's point..  ...But one thing we learned about such "studies" in recent years, seems to
   be.."he who pays the best, too often get their desired results."

  Consider the study made to reinforce the "Russian dossier" and the 51 now fired, "experts" who swore that hunter was being accused of things he
   did not do.
    https://www.politico.com/news/2020/10/19/hunter-biden-story-russian-disinfo-430276

   The left has seemed to have forgotten that  Americans are onto the "studies" scam, and have learned by being observant, and to assess truth
    by what they experience and feel in their wallet.

  Tarriffs...  one thing for sure, Donald Trump ...  ART OF THE DEAL...He wrote the book !!  When hit with a tariff, most will buckle quickly,
  just as Columbia    did , when their boss had overnight to ruminate on the situation !

  I doubt there will be many who will want to play "chicken" with Trump, in the tariff world series, and I doubt but what Trump has it all figured out.

  For example, The Columbian president was playing checkers, while Trump was playing chess.

  There should be enough tradeoffs where as Dixie dude said, the cut of taxes should make up any shortfall in our yearly budgets.

  I am willing to pay more to bring various industries back to the USA..since China is our most likely enemy in any given world war.

  We sure would be in a fix, if we had to fihght China..and all our needed steel, pharmaceuticals, and many other defense needs were only made in
   China !

   This may be strange language to the dedicated leftist, but I don't want the enemy holdiung all the cards if/when war breaks out..

      Sure, letting the enemy do all the manufacturing fits into the WEF/globalist dreams, because trhey have delusions of building their own
   restricted "paradise" on this earth..with them on top, and we as carpets to tread upon.

  ...Any third grade student in Sunday School, can tell them they will have no success building a "Paradise" opn this earth !

  He or she (either gender) can also tell them, that on the grand scale, they have far more to worry about..concerning their very souls...

   

[Mule 11]

Even bidet’s press secretary Jeanne Pierre said the tariffs reduced our deficit to ghina by 35% and ghinas import’s by 25% and bidet’s treasury secretary said “tariffs do not increase the price of goods and services to Americans… and the lizards head explodes… it’s own side can’t keep their lies straight .

[darkgael]

 I am willing to pay more to bring various industries back to the USA..since China is our most likely enemy in any given world war.

  We sure would be in a fix, if we had to fihght China..and all our needed steel, pharmaceuticals, and many other defense needs were only made in
   China.

That is a very optimistic view of what a war, a shooting war, with China would be like. I expect that our troops and our technology would do well. We certainly have a demonstrable edge in the Navy, especially in submarines. Granting that...the Chinese have not been sleeping at the wheel and I expect that they would not cry uncle too quickly.

[darkgael]

  "The left has seemed to have forgotten that  Americans are onto the "studies" scam, and have learned by being observant, and to assess truth
    by what they experience and feel in their wallet."

"Americans are onto......"  Really?  Well, you have got a big pair if you think that you can speak for all Americans.
Also, you have done a disservice to any American who does not agree with you by labelling them "left".

[Mule 11]

  "The left has seemed to have forgotten that  Americans are onto the "studies" scam, and have learned by being observant, and to assess truth
    by what they experience and feel in their wallet."

"Americans are onto......"  Really?  Well, you have got a big pair if you think that you can speak for all Americans.

Sorry, butt, you fail to understand that many of us consider many of our, (I’ll be nice here) citizen’s etc to be unamerican as they do not stand for the principles set forth by our founding fathers. So, the term Americans may not include everyone residing in the U.S.A. even though grammatically all would be included.

[Mule 11]

To continue, many on the left are IMO disillusioned with what transpired the last 4 years and also felt it in their wallets and close proximity there of, and chose to vote for the “change” they were promised. These same may balk more readily then those on the right at what this administration is doing.                       

    Me. I’m having a ball and LMAO…

[gypsyman]

 Several Canadian food company's are making plans to move production to the US. And several auto plants in Mexico are being considered to move back to the US. Way to many people want to make good wages, but don't want other Americans to do the same.

[ironglow]

  "The left has seemed to have forgotten that  Americans are onto the "studies" scam, and have learned by being observant, and to assess truth
    by what they experience and feel in their wallet."

"Americans are onto......"  Really?  Well, you have got a big pair if you think that you can speak for all Americans.
Also, you have done a disservice to any American who does not agree with you by labelling them "left".

  I wish I had seen this earlier. I likely would have spotted it, if the above statement were set in quotes, a different color, or otherwise attributed, in
    any case, I missed it..sorry..

  When I said "Americans are onto".. I was of course generalizing .  We hear this cliche used very often, and I feel quite confident that not every
  neighbor, politician or even news announcer, who uses that phrase has actually taken a poll.  And if they did, how often does a poll work out to
     100% in the affirmative.

     Forgive me if I came off rude, I didn't mean to... but that is the only way I thought I could answer the question effectively.

[darkgael]

   When I said "Americans are onto".. I was of course generalizing .”
Don’t generalize, qualify.
Some Americans, most Americans, many Americans, a few Americans…..et cetera,

[GTS225]

I am willing to pay more to bring various industries back to the USA..since China is our most likely enemy in any given world war.

  We sure would be in a fix, if we had to fihght China..and all our needed steel, pharmaceuticals, and many other defense needs were only made in
   China.

Several Canadian food company's are making plans to move production to the US. And several auto plants in Mexico are being considered to move back to the US. Way to many people want to make good wages, but don't want other Americans to do the same.

These two guys get it.  The tariff issue is to entice foreign manufacturers to set up production in the U.S., and to MAKE U.S. MANUFACTURERS MOVE THOSE JOBS BACK HOME!   
By setting tariffs against imported goods, the price point(s) are driven up to a level that will allow U.S. mfgr's a competing edge against foreign goods.  Personally, I'm more interested in driving those traitorous mfgr's that moved their production off-shore, but still have U.S. corporate offices here in order to enjoy the benefits, to be ultimately punished for those indiscretions.

Will there be a little pain while that's happening?.....Yes  We have been allowing our own jobs to move out with no consequences to the folks who made those decisions, while they make massive salaries.  Eventually, it costs to do such things, and now we're going to have to pay up, or this country is surely going to be relegated to third-world status.

Right here in Waterloo, Iowa, I can name for sure, one mfgr. that has done exactly that.  Waterloo Industries, makers of tool boxes and chests, kept their offices here, but moved the production to Colorado, then to Mexico.  Had I been mayor, I would have told them they'd need to change their name as well, and get the FiretrUCK out.

Just another grumpy, old, opinionated S.O.B......Roger

[ironglow]

   When I said "Americans are onto".. I was of course generalizing .”
Don’t generalize, qualify.
Some Americans, most Americans, many Americans, a few Americans…..et cetera,

   Yes; you're right, that would have been more correct..

    Now, for the explanation of tariffs/inflation..  As I said, Trump is crazy...like a fox !  He wanted certain concessions from Mexico, Canada and Columbia.

  He threatened tariffs on all three, and all thtree gave an angry retort, squealed, sqawked and nearly shed tears..

  The end result..Trump got what he wanted...so he is holding the tariffs in abeyance !

  Conclusion....Trump got what he wanted, and  he still holds the "Trump card".. (pun intended)..

  Don't underestimate the man who wrote.....THE ART OF THE DEAL..

  China is next..and they will  come around, Trump doesn't enter discussions where he has no chance of emerging victorious.

  So far, chairman Xi threatens tariffs on coal, petroleum and LP gas.  Once we start "drill baby drill" and begin marketing same to Europe, Africa
  and the islands...we won't need his market.

  ..But then who else can he buy from at a lower rate?   ...So we will probably sell to him even then..

   ...And BTW, there was a huge Lithium deposit just discovered on the Nevada/Utah border, which the Dummacrats closed to development,
   and Greenland has great deposits of rare earth minerals..

  So, as the MAGA program starts operating and we get access to Greenland...chairman Xi can politely kiss his Lithium/rare earth monopoly..bye bye !

  Of course, by then,  EVs should be finding some permanent places to be garaged.!  Muiseums perhaps?