Jacksonville Jaguars Fan Forums

(02-03-2025, 12:06 PM)Jag149 Wrote: [ -> ]

(02-03-2025, 10:08 AM)americus 2.0 Wrote: [ -> ]Can someone explain to me in general terms how this tariff thing works and how it's going to help the US? This is something I don't have any knowledge or understanding of this in our current economic climate and searching the interwebs just adds confusion. 

I'm just trying to understand how this will help us in the long term but not before we feel the pinch of higher prices added to inflation. 

Thanks!

 The US was to allow Canada access to the US market at very, very favorable rate. 

What was the “very, very favorable rate”?

Quote:Canada in turn was to lower many of their tariffs and allow many US goods into there country. Well Canada never lowered tariffs and did not allow our products in.

What evidence do you have to support this?

Quote:ex agricultural) So we are basically handing them 200 billion per year. (actually that is a bit low) So we are basically paying for their healthcare system ... LOL

[BLEEP]. 

Quote:Second immigration, it seems to be minor. Well, they are letting a bunch into their country. The people then apply for a student visa which is given away once the person fills out a form. That person then enters the US legally on that visa and disappears into our country. So the impact of illegal immigration was understated by the last administration.

Foreigners are issued visas by the government of Canada, then use those visas to gain entry into the U.S., and then disappear once granted entrance to our country?

Rube Goldberg would be proud.

Quote:Since Canada violated the trade agreement Trump imposed those tariffs which puts us about even with theirs on us.

The only trade dispute regarding Canada violating USMCA that I’ve heard of/read about involved dairy products, and the U.S. won that dispute.

Quote:side note Quebec would go broke inside of 90 days if this goes on. The Canadian oil (Alberta) would just sit there if we didn't buy it as they have only one terminal and have no way to economically export it elsewhere.

Man, your pretty good at pulling stuff outta your [BLEEP].

Quote:Mexico

Like Canada they violated the trade agreement. This needs to stop and they owe us for the years they failed to do their part.

The disagreement over genetically modified corn? What else?

Quote:Second there are many products China is trans shipping through Mexico to use the current trade agreement with Mexico. They dump these products into the states with the intent of driving US companies out of business making us dependent upon China for this product

This ^ does happen, to an extent. Whoever negotiated the USMCA should’ve considered that possibility during negotiations.

Quote:However northern Mexico is ruled by the cartels. Think godfather type organizations much larger and armed with military weapons. They ignore the border and create havoc in the US. This is due to Mexico giving up and that needs to change.

“More than 90% of interdicted fentanyl is stopped at Ports of Entry (POEs), where cartels attempt to smuggle it primarily in vehicles driven by U.S. citizens.”

https://www.dhs.gov/fentanyl#:~:text=Intercepting Drugs and Chemicals at Ports of Entry&text=More than 90%25 of interdicted,vehicles driven by U.S. citizens.

Quote:Just my take

Your take is very dubious.

Quote:Trump is going to first protect us like he said.

Traitor Trump puts on a show for his uber gullible, low information followers and they slurp it down like sugary orange Kool-Aid.

(02-04-2025, 12:30 AM)Jag149 Wrote: [ -> ]Interestingly enough it appears we are at a 2 to 1 deficit with most countries. Exceptions I have heard of are China, India and Mexico. (not sure about Canada)  Now this is hearsay from multiple sources, I am sure if someone wanted they could delve into government info and find out. Not something I am inclined to do at the moment so those of you who read this and want that precise info, have at it ..lol

One thing for sure tariffs do not cause inflation. India has more tariffs than any other country and are not experiencing inflation. This line of argument is fear mongering in an attempt to scare people. They are like most things properly managed.

Illustration
When the Columbia tariff row happened AOC came out bemoaning that coffee process would go through the roof. She was all over the news. This was an outright lie and fear mongering raised to an Oscar level performance. . First coffee has risen over 300% over the last 4 years. Second Columbia only provides 22% of the imported coffee in the US.  In this case we would just increase purchases from other sources. That is why they caved so quick. There are very few items that are sole sourced that we import.

So why all the nervousness? Well, tariffs are collected and go the the government. It is a cost just like anything else. Actually it is a use cost. The more you buy or use the more of it you pay. Higher income people buy more stuff and use more resources than lower income people. It actually has a greater effect on higher income people.  In the EU they call it a VAT tax which they can and do make many of our companies pay. This is on top of the tariffs.

These tariffs can be used to offset income taxes charged to citizens, say tax on tips etc?

americus 2.0, I hope this other look helps some. It seems the Democrats for as much noise they make about taxing the rich really do not like to add taxes to them without providing loopholes to offset. The above is one they can't so they get all riled up thinking about it.  LOL

Thanks. I think I have a general idea of what it all means and can narrow my search a bit better if I want to know something specific.