Trump Does his Awesome New Tariffs. Winning!!

Quick, google search tariffs cause recessions in us history doctor love. Don’t trust you degree

 

Okay, we are starting to approach English now. It would appear that you are asking if tariffs from other countries caused a recession based on the mistaken belief that the tariffs being discussed actually occurred. It turns out that Trump often doesn't tell the truth (crazy, I know).

In reality, most of what is being discussed are simply anti-dumping laws. To illustrate this, let's look at the claims around Canadian dairy tariffs (or around South Korean auto tariffs in the last Trump administration). Countries often pass laws with high tariffs that only kick in if imports double or triple from current levels without tariffs. This, obviously, does not happen often. As such, the tariffs never actually kick in. This is the case for the Canadian dairy tariffs and the South Korean Auto tariffs that Trump claimed, when both didn't kick in until exports from the US to those countries in those categories more than doubled.

These laws are just protections for local producers against the foreign trade practice known as "dumping" that kick in faster than the likely corresponding WTO case, which would likely be found in favor of the country enduring the dumping based on WTO rules but would likely take years to be resolved.

However, if you want to get more broad, yes, tariffs have often been found to cause recessions across many countries. Feel free to read up on it.

https://academic.oup.com/wber/article-abstract/36/2/361/6356597

 

That’s fantastic, thank you for digging up that horseshit. We’ve established you aren’t an actual doctor, are you actually in the world of finance?

 

I stand corrected, crazy cat lady is on your side. I digress and bow out gracefully

 

Boy, that was a cogent criticism on point. Just the type of thing that I would expect from somebody who apparently doesn't know the difference between finance and economics.

And we did not establish that I am not a doctor, just that I am not a medical doctor.

 

A lot of people are saying tariffs are bad because they've had a basic economics class. Have you ever had an economics class?

 

You mean to tell me that with all that phd level economics study, you’re not familiar with the term “cause shit on them?”
I find that hard to believe

 

It must have been in one of the more advanced macro classes that I didn't take. I focused on micro.

 

Never

 

It’s ok. Start 10 more threads tomorrow

 

lol. I get the feeling you’re not a doctor of love or finance

 

Can I start a poll of how many insane threads you start tomorrow? I only ask because you are a “moderator”

 

That checks out.

 

Sure, go for it. But before you put any money on it, you might to check for the last thread I started.

 

Top MAGA socialist not content to only centralize our economy...He is waging war on free markets anywhere & everywhere!!


President Donald Trump said Monday he would be placing a 25% tariff on all imports from any country that buys oil or gas from Venezuela as well as imposing new tariffs on the South American country itself.

https://apnews.com/article/trump-tariff-venezuela-oil-gas-tax-9197d606dea29caed6a7a79dd358d26a

 

Ah, so that's why you don't understand how tariffs work. You should take an econ class.

 

Notwithstanding English being the national language due to heavy handed regulation by the Federal Gov, here's a nifty economic tidbit:
"the trade deficit is, by its very nature, evidence of the continuing attraction of the United States as a haven for global investment. The trade deficit is made possible, and in fact driven by, a net surplus of capital investment flowing into the U.S. economy year after year."

 

Trump to impose 25% tariff on all automobiles and foreign auto parts brought into the U.S.

 

the party of economic freedom....

 

Bring on the tariffs. Wife got her new car last month. Am I doing this right?