US Presidential Election 2024 - Trump vs Harris - Vote Hard with a Vengence

[dimsum]

The whole idea is to make it too expensive for a manufacturer to deal with the tariff and to move their plants and processes back to the US. Then Texas won't have to worry about Mexico.

Please walk me through how that will solve the problem of goods and services already being too expensive in the US, which was one of the main threads that the GOP was pushing.

A tariff on things produced in Mexico that the US imports would result in one (or more) of three things:

1. Mexico charging higher prices because they still want to be profitable
2. The US moving those things back to be made in the US, which checks notes is not cheaper than Mexico…the reason why the manufacturing is there to begin with
3. Mexico installing retaliatory tariffs on the US, especially since Mexico provides some of the parts that US industries need

Neither of those are good for the US consumers.

Add to that in a historically low US unemployment rate already, one assumes that there will be the American workers to do said jobs. Remember that if you take out immigration (legal or not), the US doesn’t have the required birth rate and the Boomers are aging out fast.

 

[Fishbone Jones]

Tariffs work for some things. Strategic things. Or for retaliatory measures. Across the board tariffs is a recipe for disaster.

I'll wait and see the announcements/ plan before getting too crazy.

 

[Remius]

I'll wait and see the announcements/ plan before getting too crazy.

Will depend on what sort of exemptions get carved out.

 

[dimsum]

I'll wait and see the announcements/ plan before getting too crazy.

But as one of the recipients of said tariffs (Canada), it’s prudent to have “best case / worst case” COAs laid out based on what he has said.

It’s not a surprise that he is looking at tariffs for trading partners. He even announced it during his campaign. Companies need to plan on how to re-tool production lines, etc and are already taking note and shifting production…but not necessarily to the US.

https://www.cnn.com/2024/11/08/economy/steve-madden-china-trump-tariffs/index.html

The point of tariffs, in theory, is to incentivize US manufacturing by making imported goods comparatively more expensive to made-in-the-USA stuff. But here’s the catch: Steve Madden isn’t moving its production to the United States. It said it will be sourcing its goods from Cambodia, Vietnam, Mexico, Brazil and some other countries.

In addition to his extra-steep proposed China tariff, Trump campaigned on tariffs of 10% to 20% on everything that comes into the United States. So Madden may be the first American company to move production out of China because of Trump’s proposals – but it probably won’t be the last. And Americans shouldn’t expect all that production to come back to the United States.

Will depend on what sort of exemptions get carved out.

Looks like some sectors aren’t waiting.

 

[Pelorus]

My gut feeling is that Trump's current tariffs fixation is the 2024 equivalent of "we're going to build a wall and make Mexico pay for it" - great red meat for the base despite being completely unrealistic, and will quietly be forgotten about with unfortunately little to no penalty amongst MAGA as keeping promises is clearly not a problem for them when it's Trump breaking the promises.

 

[Remius]

But as one of the recipients of said tariffs (Canada), it’s prudent to have “best case / worst case” COAs laid out based on what he has said.

It’s not a surprise that he is looking at tariffs for trading partners. He even announced it during his campaign. Companies need to plan on how to re-tool production lines, etc and are already taking note and shifting production…but not necessarily to the US.

https://www.cnn.com/2024/11/08/economy/steve-madden-china-trump-tariffs/index.html

Looks like some sectors aren’t waiting.

I certainly wouldn’t

 

[QV]

My gut feeling is that Trump's current tariffs fixation is the 2024 equivalent of "we're going to build a wall and make Mexico pay for it" - great red meat for the base despite being completely unrealistic, and will quietly be forgotten about with unfortunately little to no penalty amongst MAGA as keeping promises is clearly not a problem for them when it's Trump breaking the promises.

Oh you're back! Wasn't sure for a moment there. Good. Looking forward to your commentary over the next few years.

 

[Lumber]

Oh you're back! Wasn't sure for a moment there. Good. Looking forward to your commentary over the next few years.

Great, now you've scared him off.

 

[Lumber]

My gut feeling is that Trump's current tariffs fixation is the 2024 equivalent of "we're going to build a wall and make Mexico pay for it" - great red meat for the base despite being completely unrealistic, and will quietly be forgotten about with unfortunately little to no penalty amongst MAGA as keeping promises is clearly not a problem for them when it's Trump breaking the promises.

Same with the deportations.