Great work Greg, but like most research reports and studies, you researched to find the conclusion you wanted. I don't understand how tariffs will be the end of America, but every other country thrives by them? If Toyota for instance already builds half their cars in the USA, maybe they'll build all US sold cars in the USA to avoid tariffs? I know Trump can bloviate, but in this case I trust that he is trying to rebuild America in the long run. You and all the Lib media are only talking about "today", as in kicking the can is a good thing as long as we don't feel any pain today. I'm older than you and my parents were born in the 1910's so I have ingrained in me the depression and the 1970's oil shortage. Imagine today if people had to wait in line 3 hours for a tank of gas, and only on the one day a week that you were allowed! Forget about bread and soup lines! The country has become soft and needs a swift kick in the ass. Right now Trump is in office and he seems to be trying to make a difference for the future, in exact opposite of the last President who did everything to destroy the future. If he is true and righteous, then we know he is fighting evil forces well beyond what we see, as well as the 24/7 dishonest news and commie dem party. If he is part of that system, then we're screwed any way you cut it. I'm choosing to believe and have faith that 4 years from now, we will be on a much better path for the future. PS For all the haters, this is my opinion. We are allowed to have opinions. I'm not saying you or I are right or wrong, we may just have a different opinions.
I believe it is great to have hope, however USA is not on its own. The what I call Fascism others call Communism are about Profit, if the West all aligned away from the Pivot of a lot of industry away from Asia as has been the implementation, costs and planning, cheap labor for years, that has been the no 1 priority. The supply lines are all probably set in stone, I am not so sure, any dramatic change on a whim will succeed. It is grabbing at needle in Haystack and far too late in the line. Like why was this not thought about forty to fifty years ago and there was then a lot of dissention. Good Luck, we are into a new REALM, and I have to face that reality. As well as circumvent it. if can do so.
Also no matter which way, most people will be forced into no job or working for peanuts. Just how profit takers, Corporate barons like it. If it walks, and talks, and looks like a duck, what else can it be. Duck shooting season is on soon here too. I not see Amazon making any dramatic moves in that direction.
Until the 1930s when we first had an income tax we paid all a lot of bills by using tariffs that's a fact. I'm not saying we can pay a lot of our bills with tariffs... But to say they would have no effect would be foolish
Cannot compare 1930’s with today. 1900’s until the 1980 the US was industrialized. Then step in the crooked Bush followed by Clinton carrying on today they shipped manufacturing overseas for not the betterment of the US. Just remember was Ross Perot stated and called an idiot for it!
Trump has talked about getting rid of income taxes for people earning under 150k a year. So if the tariffs replace income taxes for these people, that will actually be awesome and will over time give incentives to entrepreneurs to manufacture in the USA. Also, labor and environmental regulations will need to be reduced. This is how the USA became the manufacturing power house it once was before left wing activists and unions scared business leaders offshore. All in all tariffs without reducing income taxes will squeeze Americans, but we also can look at the perspective that the USA is in massive debt and these debts need to be paid. So tariffs without reducing taxes simply can mean Americans are paying off what they actually owe. Many many Americans live way beyond their mean. It’s crazy how many people over pay for a car or education. They are literally bidding up prices with money they don’t have. The government encourages the fed to inflate the currency supply to keep the debt based businesses running. lol people are suckers. The key is to take advantage of people who elect to go into debt and that is what the smart people are doing
Elimination of the IRS taxes has been in the works for years - not new.. By having the consumers paying taxes on higher prices (tariffs for example), the government will collect more taxes than what's receiving currently since the percentage of the tax payers are very small and diminishing vastly.
Bringing manufacture back not only will take time but the manufacturer workers in the US can't compete with the wages, productivity in other countries unless the robots will do most of the jobs which is already planned for. Do you believe that the big ones that took their business overseas to profit big will bring their business back and give up profits? If you do, I am sorry to say you're dreaming - there's no patriotism in the BIG Corp
You think human behavior changes. It is The United States Of America. I keep reflecting on how it got there. It was by the people acquiescence to that which is surrounding them. A lot through division, Propaganda, advertising, cult of personality, cultures, the belief that Money is like a God to pursue. All knitted together into a Human behavior which the Corporations have a thorough handle of. And the Governments and their lineup crew, are all in cahoots. Otherwise why all the WAR I call production, just one of the signs and symptoms.
Ross Perot was right. There’s been a huge sucking sound and that sound has been trillions of dollars that have moved to Asia at the cost of our manufacturing and industrial base all of those middle class jobs since nafta and beyond our outside of our country now. We need to get rid of this lunacy. Why would we think that we can punt our industry abroad just like Europe is waking up why would they think that they can punt their military defense and put it in the hands of somebody else. That’s insanity. It is insane to think that we can throw trillions of dollars of industry away and for what cheap goods that don’t work that breakdown so that I could purchase the same product three months after I opened up the package. Just look at our cities they’re all disasters. They’re all resembling Detroit. They are all impoverished the only way you can compete in a game of prices with slave labor is tarrifs.
I would add one thing to complete and that is the public needs to see the connection of how we have sown into the wickedness of abortion and we are reaping what we have today. It's an ongoing holocaust the we prefer to ignore.
Trump's tariffs are a bargaining chip being used to reduce tariffs paid by US companies. The reason he keeps "flip flopping" is because he wants to NEGOTIATE and the other countries are WILLING. Tariffs will increase demand for US made goods which WILL strengthen our economy. I don't believe we'll ever be able to pay for everything, maybe even nothing with the tariffs, but the threat of them is being used to get us a better deal. Y'all need to calm the f down.
OK, then what do you suggest we do about all the tariffs levied against us? What is your solution to that? I think everybody needs to chill out for a minute and see how this plays out over the next couple weeks instead of indulging in knee jerk emotional reaction to things that may or may not happen based on the state of things at this instant. Everything is in flux and possible outcomes are changing by the second. Nobody wants any Tariffs to remain in place. Even Trump has said as much. The are being used to force engagement. So far it actually appears they are having the desired effect.
You trump voters voted for trump right? Then you voted for this insanity so quit complaining. If I had known trump was going to DESTROY AMERICA this resoundly, I would have voted for him myself. 😃
Your baseless emotional tirade is bereft of any useful information and only serves to confuse and contribute to uncertainty. Parroting the MSM doesn't help anybody.
If you are going to troll you need to at least come up with something compelling that has at least something to do with the post you are trying to troll.
i was a kid in the 50's and we didn't have all that "cheap: crap from china just stuff mostly made in the usa and back then only the dad worked and mom stayed home and it seems to me that when we started to get all that "cheap" crap from china and other countries both parents had to work just to make a living so explain that to me
Yeah, we had all the cheap shit from Japan back then. We only need to look at Japan to see the future of China. Declining population, stagnant wages, no growth.
I don't mind paying more taxes in the way of Tariffs as long as THE INCOME TAX and the IRS ARE ELIMINATED. One or the other. With a tariff I can control where my taxes are being paid, it all comes down to how I save or Spend MY INCOME...
It totally depends on how the contract is written between buyer and seller. I used to export multi-million dollar products and services from the USA. Our contract was written to where they were responsible for all import taxes. It could have just as easily been the seller is responsible. Everything is negotiable.
Give us dates that you were exporting otherwise it just a statement backed by nothing. Trump is bullying not negotiating. If you think for one minute manufacturing is coming back you are only shitting yourself.
You're a joke Les for challenging my integrity and you missed my point all together. The point is that Greg's premise that the US will pay for all of these tariffs is incorrect. It totally depends on how your contract is written. And just for you Les, as owner of the company for 10 years (ending in 2023 when I sold), I exported in excess of $50M. Some contracts I had to pay import tariffs and others I did not.
I may be a joke that is just fine. Did you have the government dictating to you on the tariffs that were imposed? Did the government tell you what tariffs to charge? Tariffs should be between the buyer and seller not the government.
Gee Greg, not long ago you were yammering on about the balance of trade being out of whack but today the tariffs are a World ender. What you pretend to know and espouse is what you can see right now. I think you need to learn to look over the horizon just a little either that or brush up on your Mandarin
The big illusion is that somehow other countries are taking advantage of the US when in essence treasury holdings by themselves prove that this is not true and that other countries have been subsidizing the US consumer for decades. What will happen probably more so than anything else is "black market expansion" and "corruption". You see it already in the fact the big tech companies got their tariffs waived on electronic supplies and computers. Why? Because they all come from abroad. As a small business did you? The answer of course is NO, further making competition obsolete and stifling market share acquisition.
Trump is not a smart business man. Four casinos of his went bankrupt. Drastically cutting taxes and regulations is a no-brainer and ALWAYS rebounds the economy.
History fact: Tariffs was the cause the of the Civil War.
Then why didn't the democrats do it? What business have you started? Most fail within the first 2 years. Nothing ventured nothing gained! Didn't slavery have something to do with the civil war?
I started my business over 30 years ago and within the first year, I netted a substantial profit and is still going strong. So, yes, I know about business. Tariffs were the cause of the Civil War, however if you were "educated" in the public school and university system, the indoctrination those institutions claim it was due to slavery but it was not.
Greg, your premise is flawed. You state that Trump's tariffs don't create a net gain. Yet you back up with statements about the future.
Are you implying you know the future events? Which timeline are you viewing?
Stop with the panic and fear mongering. That's the role of Satan and his minions.
I have to admit, it seems that 95% of this is just that. F. E.A.R.
FYI: https://thenewamerican.com/files/TNA4105.pdf
Great work Greg, but like most research reports and studies, you researched to find the conclusion you wanted. I don't understand how tariffs will be the end of America, but every other country thrives by them? If Toyota for instance already builds half their cars in the USA, maybe they'll build all US sold cars in the USA to avoid tariffs? I know Trump can bloviate, but in this case I trust that he is trying to rebuild America in the long run. You and all the Lib media are only talking about "today", as in kicking the can is a good thing as long as we don't feel any pain today. I'm older than you and my parents were born in the 1910's so I have ingrained in me the depression and the 1970's oil shortage. Imagine today if people had to wait in line 3 hours for a tank of gas, and only on the one day a week that you were allowed! Forget about bread and soup lines! The country has become soft and needs a swift kick in the ass. Right now Trump is in office and he seems to be trying to make a difference for the future, in exact opposite of the last President who did everything to destroy the future. If he is true and righteous, then we know he is fighting evil forces well beyond what we see, as well as the 24/7 dishonest news and commie dem party. If he is part of that system, then we're screwed any way you cut it. I'm choosing to believe and have faith that 4 years from now, we will be on a much better path for the future. PS For all the haters, this is my opinion. We are allowed to have opinions. I'm not saying you or I are right or wrong, we may just have a different opinions.
I believe it is great to have hope, however USA is not on its own. The what I call Fascism others call Communism are about Profit, if the West all aligned away from the Pivot of a lot of industry away from Asia as has been the implementation, costs and planning, cheap labor for years, that has been the no 1 priority. The supply lines are all probably set in stone, I am not so sure, any dramatic change on a whim will succeed. It is grabbing at needle in Haystack and far too late in the line. Like why was this not thought about forty to fifty years ago and there was then a lot of dissention. Good Luck, we are into a new REALM, and I have to face that reality. As well as circumvent it. if can do so.
Also no matter which way, most people will be forced into no job or working for peanuts. Just how profit takers, Corporate barons like it. If it walks, and talks, and looks like a duck, what else can it be. Duck shooting season is on soon here too. I not see Amazon making any dramatic moves in that direction.
Until the 1930s when we first had an income tax we paid all a lot of bills by using tariffs that's a fact. I'm not saying we can pay a lot of our bills with tariffs... But to say they would have no effect would be foolish
Cannot compare 1930’s with today. 1900’s until the 1980 the US was industrialized. Then step in the crooked Bush followed by Clinton carrying on today they shipped manufacturing overseas for not the betterment of the US. Just remember was Ross Perot stated and called an idiot for it!
Blah blah blah…
.woke socialist
FO!
Trump has talked about getting rid of income taxes for people earning under 150k a year. So if the tariffs replace income taxes for these people, that will actually be awesome and will over time give incentives to entrepreneurs to manufacture in the USA. Also, labor and environmental regulations will need to be reduced. This is how the USA became the manufacturing power house it once was before left wing activists and unions scared business leaders offshore. All in all tariffs without reducing income taxes will squeeze Americans, but we also can look at the perspective that the USA is in massive debt and these debts need to be paid. So tariffs without reducing taxes simply can mean Americans are paying off what they actually owe. Many many Americans live way beyond their mean. It’s crazy how many people over pay for a car or education. They are literally bidding up prices with money they don’t have. The government encourages the fed to inflate the currency supply to keep the debt based businesses running. lol people are suckers. The key is to take advantage of people who elect to go into debt and that is what the smart people are doing
Elimination of the IRS taxes has been in the works for years - not new.. By having the consumers paying taxes on higher prices (tariffs for example), the government will collect more taxes than what's receiving currently since the percentage of the tax payers are very small and diminishing vastly.
Bringing manufacture back not only will take time but the manufacturer workers in the US can't compete with the wages, productivity in other countries unless the robots will do most of the jobs which is already planned for. Do you believe that the big ones that took their business overseas to profit big will bring their business back and give up profits? If you do, I am sorry to say you're dreaming - there's no patriotism in the BIG Corp
You think human behavior changes. It is The United States Of America. I keep reflecting on how it got there. It was by the people acquiescence to that which is surrounding them. A lot through division, Propaganda, advertising, cult of personality, cultures, the belief that Money is like a God to pursue. All knitted together into a Human behavior which the Corporations have a thorough handle of. And the Governments and their lineup crew, are all in cahoots. Otherwise why all the WAR I call production, just one of the signs and symptoms.
Ross Perot was right. There’s been a huge sucking sound and that sound has been trillions of dollars that have moved to Asia at the cost of our manufacturing and industrial base all of those middle class jobs since nafta and beyond our outside of our country now. We need to get rid of this lunacy. Why would we think that we can punt our industry abroad just like Europe is waking up why would they think that they can punt their military defense and put it in the hands of somebody else. That’s insanity. It is insane to think that we can throw trillions of dollars of industry away and for what cheap goods that don’t work that breakdown so that I could purchase the same product three months after I opened up the package. Just look at our cities they’re all disasters. They’re all resembling Detroit. They are all impoverished the only way you can compete in a game of prices with slave labor is tarrifs.
I would add one thing to complete and that is the public needs to see the connection of how we have sown into the wickedness of abortion and we are reaping what we have today. It's an ongoing holocaust the we prefer to ignore.
Yes Greg has been right about the spiritual origin of all this
The basis of all of it is good vs evil
Trump's tariffs are a bargaining chip being used to reduce tariffs paid by US companies. The reason he keeps "flip flopping" is because he wants to NEGOTIATE and the other countries are WILLING. Tariffs will increase demand for US made goods which WILL strengthen our economy. I don't believe we'll ever be able to pay for everything, maybe even nothing with the tariffs, but the threat of them is being used to get us a better deal. Y'all need to calm the f down.
Funny, the whole “they’re a tax on Americans” line is exactly what the left wing media is using to push their Trump hate. Just saying.
OK, then what do you suggest we do about all the tariffs levied against us? What is your solution to that? I think everybody needs to chill out for a minute and see how this plays out over the next couple weeks instead of indulging in knee jerk emotional reaction to things that may or may not happen based on the state of things at this instant. Everything is in flux and possible outcomes are changing by the second. Nobody wants any Tariffs to remain in place. Even Trump has said as much. The are being used to force engagement. So far it actually appears they are having the desired effect.
You trump voters voted for trump right? Then you voted for this insanity so quit complaining. If I had known trump was going to DESTROY AMERICA this resoundly, I would have voted for him myself. 😃
America is DONE FOR 👍 💯 😃
Eeeeeeeeeeheheheheheheheheheeeeee! 🤣 🤣 🤣
Your baseless emotional tirade is bereft of any useful information and only serves to confuse and contribute to uncertainty. Parroting the MSM doesn't help anybody.
The REASON why you are in this predicament to begin with is your REFUSAL to listen when I told you what to do to save yourself.
NOW it's TOO LATE and it is time to PAY THE PIPER and the Piper's got his hand out looking for payment.
Eeeeeeeheheheheee! 🤣🥳💯👍😃
If you are going to troll you need to at least come up with something compelling that has at least something to do with the post you are trying to troll.
As long as I'm getting under your skin I'm happy. 👍💯😃🥳
I'm sorry you are unhappy.
i was a kid in the 50's and we didn't have all that "cheap: crap from china just stuff mostly made in the usa and back then only the dad worked and mom stayed home and it seems to me that when we started to get all that "cheap" crap from china and other countries both parents had to work just to make a living so explain that to me
Yeah, we had all the cheap shit from Japan back then. We only need to look at Japan to see the future of China. Declining population, stagnant wages, no growth.
Wanting more profit which they achieve.
I don't mind paying more taxes in the way of Tariffs as long as THE INCOME TAX and the IRS ARE ELIMINATED. One or the other. With a tariff I can control where my taxes are being paid, it all comes down to how I save or Spend MY INCOME...
It totally depends on how the contract is written between buyer and seller. I used to export multi-million dollar products and services from the USA. Our contract was written to where they were responsible for all import taxes. It could have just as easily been the seller is responsible. Everything is negotiable.
And Trump is still up for negotiations. China doesn’t even let us sell our products in their country for the most part
Give us dates that you were exporting otherwise it just a statement backed by nothing. Trump is bullying not negotiating. If you think for one minute manufacturing is coming back you are only shitting yourself.
How is applying tariffs against countries that are mostly 1/2 the percentage of what those countries already levy against the U.S. bullying?
A bunch of new U.S. manufacturing has already been announced.
Announced and is are 2 different animals just like Trump saying all the things he is going to do. Yes I voted for him now 3 times.
You're a joke Les for challenging my integrity and you missed my point all together. The point is that Greg's premise that the US will pay for all of these tariffs is incorrect. It totally depends on how your contract is written. And just for you Les, as owner of the company for 10 years (ending in 2023 when I sold), I exported in excess of $50M. Some contracts I had to pay import tariffs and others I did not.
I will also add if the crooked politicians would not have allowed China into the WTO we would not be having this discussion.
for those purchases where you absorbed the tariff charges yourself, how did you manage the extra costs to your business?
Would build all import/export costs into the price to the customer during price negotiations.
thank you for your response and for sharing your experience
I may be a joke that is just fine. Did you have the government dictating to you on the tariffs that were imposed? Did the government tell you what tariffs to charge? Tariffs should be between the buyer and seller not the government.
Gee Greg, not long ago you were yammering on about the balance of trade being out of whack but today the tariffs are a World ender. What you pretend to know and espouse is what you can see right now. I think you need to learn to look over the horizon just a little either that or brush up on your Mandarin
Nailed it again Greg ! 😊
The big illusion is that somehow other countries are taking advantage of the US when in essence treasury holdings by themselves prove that this is not true and that other countries have been subsidizing the US consumer for decades. What will happen probably more so than anything else is "black market expansion" and "corruption". You see it already in the fact the big tech companies got their tariffs waived on electronic supplies and computers. Why? Because they all come from abroad. As a small business did you? The answer of course is NO, further making competition obsolete and stifling market share acquisition.
That is one smart comment there.
Trump is not a smart business man. Four casinos of his went bankrupt. Drastically cutting taxes and regulations is a no-brainer and ALWAYS rebounds the economy.
History fact: Tariffs was the cause the of the Civil War.
Then why didn't the democrats do it? What business have you started? Most fail within the first 2 years. Nothing ventured nothing gained! Didn't slavery have something to do with the civil war?
I started my business over 30 years ago and within the first year, I netted a substantial profit and is still going strong. So, yes, I know about business. Tariffs were the cause of the Civil War, however if you were "educated" in the public school and university system, the indoctrination those institutions claim it was due to slavery but it was not.
Means nothing to me if you are in business or you are successful
You asked the question. Guess you didn't like the answer.
Again means nothing