The Biden administration kept most of the Trump administration tariffs in place, and in May 2024, announced tariff hikes on an additional $18 billion of Chinese goods, including semiconductors and electric vehicles, for an additional tax increase of $3.6 billion.

Was there any inflation here?

Maybe it is me, but you gotta ask yourself, if tariffs are this great conservative economic idea, why the heck didn't Biden get rid of them?

Do your homework teacher. Historically, tariffs have been shown to have little impact on the price of consumer goods. Look back to Trump 45 and how his tariffs during his term as POTUS had very little effect on prices and the overall economy.

You talk a good game but lack the basic facts to back it up.

You mean the ones not in the federal government I assume?

Lugnut, see Dirtt’s post.
Like I said, time will tell.

Did tariffs bring any of those steel jobs back, numbers say no.

But honestly, clever opening to your post, I’ll give you that. I appreciate wit.

Is the GOP Still the Party Of Free Trade?

Source: Ronald Reagan Institute

First off, you have to understand that almost all of our trading partners already have tariffs on us, 20 % would just get us back to even, in round numbers, so it isnt some evil plan. Canada has been playing games with the dairy , beef and lumber prices for ever, no angels there.
biden didnt get rid of them because as a democrat, any revenue stream is ripe to be plucked.

Canada heavily subsidizes it's lumber industry as well. They government pays private companies to harvest and process softwood lumber. That is how they are able to unfairly undercut the American lumber industry. Trump is simply leveling the playing field with Canada and, as you stated, many other countries that have been charging tariffs on imported American goods.

Don’t let this bother you. This is all in fun.

So that's the extent of your research and attempt to educate yourself on the subject of tariffs?

"See Dirtt's post."

I haven;t read through all the post. I believe the gulf is ours. The gulf of America is appropriate. As far as taking the Canucks and PR, no! They are weak, let them choose...They got nothing.

The USMCA is Trump's trade agreement and most of the tariffs seem to be zero both ways? There is definitely some protectionist crap in this for the UAW.

October 1,2018

"I am thrilled to speak to the American people to share truly historic news for our nation, and, indeed for the world. I want to thank Vice President Pence for joining us this morning. It is my great honor to announce that we have successfully completed negotiations on a brand new deal to terminate and replace NAFTA and the NAFTA trade agreements with an incredible new US-Mexico-Canada Agreement, called “USMCA.” It, sort of, just works: USMCA. (Applause.)

USMCA. That’ll be the name, I guess, that, 99 percent of the time, we’ll be hearing: USMCA. It has a good ring to it.

I have long contended that NAFTA was perhaps the worst trade deal ever made. Since NAFTA’s adoption, the United States racked up trade deficits totaling more than $2 trillion — and it’s a much higher number than that — with Canada and Mexico. It lost vast amounts of money, and lost 4.1 million manufacturing jobs, and 1 in 4 auto jobs. Lost about 25 percent of our auto jobs — even more than that.

Throughout the campaign, I promised to renegotiate NAFTA, and today we have kept that promise. But, for 25 years, as a civilian, as a businessman, I used to say, “How could anybody have signed a deal like NAFTA?” And I watched New England, and so many other places where I was just — the factories were leaving, the jobs were leaving, people were being fired, and we can’t have that.

So we have negotiated this new agreement based on the principle of fairness and reciprocity. To me, it’s the most important word in trade because we’ve been treated so unfairly by so many nations all over the world. And we’re changing that."

MAGA!

Okay, we’ve established you guys don’t like that our forestry allows for cheaper lumber because it’s mostly public forest bid on by private companies as opposed to high stumpage fees on crown land. We get that you don’t like that Canada has a supply management system to protect dairy producers from volatile markets but enlighten me on the beef games.

I am no economist but I do like U.S. history. Government did get funded without income tax for a long time. There was also no welfare, medicaid or social security. The military did not have huge bases in in Europe and Japan either. There was not a lot of veteran benefits. IF we want to keep that stuff IMO we will have to have some kind of income tax. Also IMO it could be greatly simplified. Its crazy that there needs to be business dedicated to preparing tax forms and advising on how to take advantage of all the exceptions.

The bulk of the research I did said yes they are historically bad in terms of causing inflation. Realistically, it was just a simple google search asking those exact words. Most pieces said yes, but a few said no, so what happens to consumers in the future is really to be seen. One piece used cars as an example when discussing the current situation , a car valued at $50000 would be subject to $12500 . It would be up to the importer to eat that all, eat some of it or pass it onto the consumer.

Flat tax?

During Trumps first term he had tariffs and low inflation. Someone payed it but not the consumer, pretty simple eh?[/quote]
You mean the ones against China, or the ones he lifted on Canadian products?…..lol. Yea, simple.

Like I said I am no economist. I know I made more money under Trump than Obama or Biden. Let the number crunchers figure out how to do it. It is just absurd that if the printed tax code were all on typing paper in regular sized print it would fill a high school gymnasium.

You’re late to the party. We’re way past the gulf, the economic experts with a grade 6 education have it all layed out for Trump…..lol

Hey look-there goes America,lol.

TRUMPs yer Daddy now boco. M.P.G.A. Make Pakistanada Great Again