So if a company such as Walmart normally pays $10 for a widget made in China (or any other foreign country) vs. a widget made for $15 here in the U.S.A and a 100% tariff is imposed on foreign made widgets, which one would Walmart purchase to sell?

That's the idea of tariffs.  A company isn't going to buy the same widget for twice the price ($20) to sell and pass that cost onto consumers, they are going to buy the less expensive one ($15) made in the U.S.A, advertise that it's made in the U.S.A and sell the widget that might cost a consumer a little bit more than the Chinese made widget.

Yes, prices might rise just a bit, but that extra cost supports companies/business in the U.S. and in turn supports good paying jobs in the U.S.

So what happens when those other countries retaliate with their own tariffs?  You're a farmer, right?  The US exports $196 billion worth of farm products annually.  What happens when those other countries decide they will support their farmers by putting a massive tariff on our farm exports?  Would the federal government bail out US farmers?

You know we can propose all kinds of situations and get all twisted up discussing what could happen. Since I do not see the value add of this I'll bow out.  LOL

I believe the main objective is countries that subsidize their industries. They do this in order to drive out the US competition making us dependent upon their good graces to get products. An example is China using Mexico or the newest contestant Thailand to dump stuff here. Ask the EU, they are just now waking up to this.

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A new broom always sweeps clean.

That has nothing to do with the discussion.

Personal anecdotes are useless in a discussion of such wide-ranging scope. If you're trying to make the discussion about you or me, I am not interested in that. There is no point in changing the discussion into that. 

If you want to talk about Walmart, I'll gladly give my view. You seem to have a very favorable view of Walmart. I will gladly represent the unfavorable view. I have read extensively about Walmart. Walmart has not been good for America. Many American lives have been ruined by Walmart.

Walmart pays it's workers so little that many of them qualify for social assistance. Our tax dollars are being used to support Walmart workers, who are treated terribly. Thus, Walmart enjoys this indirect massive government subsidy. Couldn't operate without it. There is a high burn-out rate among Walmart workers. Walmart relies on government assistance programs to support it's workers. Walmart workers are treated horribly. They are often expected to have zero life and be on-call 24-7. When stores get more traffic, on-call workers are called in. If they refuse the call, their hours are dropped or they are fired. If store traffic drops, workers are sent home. They never know if they are going to get enough hours to pay rent or not. It's a horrible insecure way to live. If they do not accept being treated like this, Walmart will happily fire them and oppress others.

Working at Walmart is a good way to have no life, no savings, build no wealth, and be left with nothing at retirement age and forced wot work when others can enjoy retirement. Just look around at any Walmart. You'll see some very old people working there. They aren't doing that because they enjoy it. They have insufficient savings nor benefits. Walmart is happy to take advantage of their misfortune. Walmart sucks.

Not true at all and you would know otherwise if you actually knew or talked to people that work for Walmart.

Your "talking point" is just another leftist rant that thinks that companies that hire non-skilled labor should pay them a so-called "living wage" in order to support themselves.  There are many cases where people start off at the bottom in many of these jobs, learn from their experience, go on to earn a relatively good living in management positions either at the company that hired them or elsewhere.

The two Walmart stores fairly near me has job openings for people to start at $15+ per hour.  That's a pretty good wage for a bottom-end starting position for somebody that is "un-skilled".  It's up to the person to work hard, learn and advance to a better paying job.

Regardless of how you think of it, the post was genuine.

People on the left care about America. Our views are just as important as any. Simply disregarding them out of hand is purposely shutting out valid views from your fellow citizens without giving it due consideration. The truth is very few people who work at Walmart end up with a good life. Most burn out and move on. Of those who stay, only a few ever rise. The vast majority do not benefit from working there. Working at Walmart is a dead-end job for most.

Here is an example of how insensitive Walmart can be to workers:

Walmart would take out life insurance policies on it's workers. It would not tell them. If the worker died, Walmart collected the money.

"One of Wal-Mart’s long list of worker abuses–“dead peasants” insurance where it takes out life insurance policies on its low-level workers and collects the cash when they die–got a kick in the head in federal court. 

That’s because the estate of one dead worker, Douglas Sims, sued for damages, saying Wal-Mart robbed his heirs of money that was rightfully theirs. Lower federal courts agreed and, on Jan. 5, so did the Fifth U.S. Circuit Court of Appeals in New Orleans.
It sent the case back down to lower courts to determine how much money Sims’ widow, Deborah, should get.

More than 100 companies, led by Wal-Mart, created the “dead peasants” policies. Legal changes in 1998 led Wal-Mart to halt the practice, but not before it had insured all but 3,500 of the 350,000 potential workers it covered, the suit says.

The Paper, Allied-Industrial, Chemical and Energy Workers (PACE) has campaigned against Wal-Mart’s “dead peasants” insurance and brought the issue to Congress. Rep. Gene Green, D-Texas, introduced legislation last year outlawing the practice, but it has gone nowhere.

“By ruling against Wal-Mart, the appeals court is sending a message to other companies that it is unethical, at the very least, for them to take out life insurance on their employees and be the beneficiaries,” said PACE spokeswoman Lynne Baker."

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So if a company such as Walmart normally pays $10 for a widget made in China (or any other foreign country) vs. a widget made for $15 here in the U.S.A and a 100% tariff is imposed on foreign made widgets, which one would Walmart purchase to sell?

That's the idea of tariffs.  A company isn't going to buy the same widget for twice the price ($20) to sell and pass that cost onto consumers, they are going to buy the less expensive one ($15) made in the U.S.A, advertise that it's made in the U.S.A and sell the widget that might cost a consumer a little bit more than the Chinese made widget.

Yes, prices might rise just a bit, but that extra cost supports companies/business in the U.S. and in turn supports good paying jobs in the U.S.

Would you be referring to widgets made in the CHIPS program, which is slated to be cancelled?

Some products are simply not made here, and our Speaker is bound and determined that they will not be made here.

On top of that, corporations will pay attention to the companies burned by the CHIPS cancellation, and will be reluctant to get involved in any future projects.

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"Worthless" is your original point. 


Indeed, "two-thirds of Walmart U.S.’ total product spend was on items made, grown or assembled in the United States" so if 33% is on stuff "grown" in the US, and 2% is on stuff "made" in the US that means that the remaining 65% is on stuff "made" in other countries - right?


And ask the folks over at Rubbermaid exactly how beneficial that Wal*Mart "sourcing is.


Please get back to us when Wal*Mart raises its prices and tell us how this is such a "Good Thing" because it increased the US annual GNP. Smh

Have you actually dealt with any of these companies you reference ?  Have any tariffs occurred?  How in the world can you spout all this based on what COULD happen in the future and MAY have an effect? What a piece of work....LOL  More worthless stuff...

It's actually spot on. Doing business with America is about volume, not margin. If they could make it cheaper, they would. The only way to get into that market is to do it cheaper than they can do it, which means margin is already minimal - certainly, in most cases, it's already less than 10%, which would mean these tariffs would involved these companies operating at a loss. I know you're all kool-aid soaked and wishing you could root for your daddy Trump, but does that makes sense to you? The way you're selling out your own country in this thread is hilarious. 

But, hey, you were saying something about "worthless stuff"? lol

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Have you actually dealt with any of these companies you reference ?  Have any tariffs occurred?  How in the world can you spout all this based on what COULD happen in the future and MAY have an effect? What a piece of work....LOL  More worthless stuff...

It's actually spot on. Doing business with America is about volume, not margin. If they could make it cheaper, they would. The only way to get into that market is to do it cheaper than they can do it, which means margin is already minimal - certainly, in most cases, it's already less than 10%, which would mean these tariffs would involved these companies operating at a loss. I know you're all kool-aid soaked and wishing you could root for your daddy Trump, but does that makes sense to you? The way you're selling out your own country in this thread is hilarious. 

But, hey, you were saying something about "worthless stuff"? lol

What a piece of work....LOL  More worthless stuff...

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A new broom always sweeps clean.

Nice to see all these lefites beginning to understand why there's no such thing as a "corporate tax."

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Nice to see all these lefites beginning to understand why there's no such thing as a "corporate tax."

What could be done is to reduce the corporate tax to offset the tariffs. with conditions of course. The dance is to balance everything. In that situation the country paying he tariff would be paying a tax. The EU and other countries have been doing that for a long time to us. How the heck do you think they have been financing their social programs?

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A new broom always sweeps clean.

Nice to see all these lefites beginning to understand why there's no such thing as a "corporate tax."

What could be done is to reduce the corporate tax to offset the tariffs. with conditions of course. The dance is to balance everything. In that situation the country paying he tariff would be paying a tax. The EU and other countries have been doing that for a long time to us. How the heck do you think they have been financing their social programs?

That really assumes that the corporation would lower prices because their tax burden went down. I sincerely doubt such a thing would happen.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

Well, my grocery bill just went up 22%.

Good thing we got rid of Bidenflation, right?

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What could be done is to reduce the corporate tax to offset the tariffs. with conditions of course. The dance is to balance everything. In that situation the country paying he tariff would be paying a tax. The EU and other countries have been doing that for a long time to us. How the heck do you think they have been financing their social programs?

That really assumes that the corporation would lower prices because their tax burden went down. I sincerely doubt such a thing would happen.

This is why Bessent was a good pick for Treasury he is well respected on Wall Street.  Like I said all this is like trying to tell the future. My crystal ball is just not that clear. I am in wait and see mode.

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A new broom always sweeps clean.

So if a company such as Walmart normally pays $10 for a widget made in China (or any other foreign country) vs. a widget made for $15 here in the U.S.A and a 100% tariff is imposed on foreign made widgets, which one would Walmart purchase to sell?

The US made one which its manufacturer is prepared to sell to Wal*Mart for $19.50. (Hey, those import tariffs have increased the cost of imported raw materials and parts - right?)

That's the idea of tariffs. A company isn't going to buy the same widget for twice the price ($20) to sell and pass that cost onto consumers, they are going to buy the less expensive one ($15) made in the U.S.A, advertise that it's made in the U.S.A and sell the widget that might cost a consumer a little bit more than the Chinese made widget.

Exactly, and when the US suppliers see that Wal*Mart can't buy a substitute for their product for less than $20.00 they are going to do the "smart" thing and raise their prices.

Mind you, even if they didn't, then Wal*Mart is now going to be selling the *A*M*E*R*I*C*A*N* widget for $15.00 PLUS its usual markup (you would be REALLY surprised at what that markup actually is, but it averages at around 100%) $30,00 as opposed to the old *F*O*R*E*I*G*N* widget that it was selling for $20.00.

Now, here is a question that has puzzled full-time students of economics for hundreds of years and here is your opportunity to resolve the issue once and for all

IF "Item A" was selling for $X and is now selling for $2X, has the selling price of "Item X:


1. gone down;
2.  stayed the same; or
3. gone up?

[PICK ONE ONLY]

Yes, prices might rise just a bit, but that extra cost supports companies/business in the U.S. and in turn supports good paying jobs in the U.S.

Quite right, and you appear to have come across the perfect solution to the US economic woes. Why not simply double the price of everything and watch the economy boom due to all the new money being created through the expansion of businesses?

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Well, my grocery bill just went up 22%.

Good thing we got rid of Bidenflation, right?

Receipts or it didn't happen.

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“An empty vessel makes the loudest sound, so they that have the least wit are the greatest babblers.”. - Plato

"Worthless" is your original point. 


Indeed, "two-thirds of Walmart U.S.’ total product spend was on items made, grown or assembled in the United States" so if 33% is on stuff "grown" in the US, and 2% is on stuff "made" in the US that means that the remaining 65% is on stuff "made" in other countries - right?


And ask the folks over at Rubbermaid exactly how beneficial that Wal*Mart "sourcing is.


Please get back to us when Wal*Mart raises its prices and tell us how this is such a "Good Thing" because it increased the US annual GNP. Smh

Have you actually dealt with any of these companies you reference ?  

One doesn't have to have "dealt with" Rubbermaid to know the history of what happened to it when Wal*Mart announced that it was cutting what it was prepared to pay for its products (when Rubbermaid was so dependent on sales to Wal*Mart that it couldn't survive without them).

Have any tariffs occurred?

I guess that you haven't noticed the tariffs that the US has been applying to Canadian products and what those tariffs have done to the US domestic price for those products.

How in the world can you spout all this based on what COULD happen in the future and MAY have an effect? What a piece of work....LOL More worthless stuff...

Yes, I know, having a working knowledge of economics and history is a real handicap when discussing economic and/or historical matters with people who don't.

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Have you actually dealt with any of these companies you reference ?  

One doesn't have to have "dealt with" Rubbermaid to know the history of what happened to it when Wal*Mart announced that it was cutting what it was prepared to pay for its products (when Rubbermaid was so dependent on sales to Wal*Mart that it couldn't survive without them).

Well Rubbermaid management made a basic, but terrible mistake. One of the first things taught in business schools is not to become dependent upon one company for you survival. were they relatives of you?

Have any tariffs occurred?

I guess that you haven't noticed the tariffs that the US has been applying to Canadian products and what those tariffs have done to the US domestic price for those products.

Actually, Canada still charges more on US goods imported into Canada. The variance is about half. Curiously when approached Biden left the Trump ones in place.

How in the world can you spout all this based on what COULD happen in the future and MAY have an effect? What a piece of work....LOL More worthless stuff...

Yes, I know, having a working knowledge of economics and history is a real handicap when discussing economic and/or historical matters with people who don't.

LOL, so you are the smartest person in the room?  Cool. Good thing there are no other people in there with you.

More worthless and random stuff.

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A new broom always sweeps clean.

Mexico's New president announces caravan not coming to border. as reported by Fox and CNBC. WOW, not even president and Trump having an effect. Whether this is enough to avoid tariffs we will see.

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A new broom always sweeps clean.

Mexico's New president announces caravan not coming to border. as reported by Fox and CNBC. WOW, not even president and Trump having an effect. Whether this is enough to avoid tariffs we will see.

So you’re telling us the threat of tariffs had the desired intent?

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Original Season Ticket Holder - Retired  1995 - 2020


At some point you just have to let go of what you thought should happen and live in what is happening.
 

Mexico's New president announces caravan not coming to border. as reported by Fox and CNBC. WOW, not even president and Trump having an effect. Whether this is enough to avoid tariffs we will see.

So you’re telling us the threat of tariffs had the desired intent?

Amazing but true. Took less than a day. Now this is a first step. Stopping the fentanyl and Canada has yet to respond. But a good beginning certainly.

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A new broom always sweeps clean.

Mexico's New president announces caravan not coming to border. as reported by Fox and CNBC. WOW, not even president and Trump having an effect. Whether this is enough to avoid tariffs we will see.

Mexico's president has stopped a migrant caravan from proceeding north to protect the marchers from being exposed to MAGA racism and xenophobia.

-- The American MSM

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Mexico's New president announces caravan not coming to border. as reported by Fox and CNBC. WOW, not even president and Trump having an effect. Whether this is enough to avoid tariffs we will see.

Mexico's president has stopped a migrant caravan from proceeding north to protect the marchers from being exposed to MAGA racism and xenophobia.

-- The American MSM

And mikesez and TDOSS…

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What in the Wide Wide World of Sports is agoin' on here???

Mexico's president has stopped a migrant caravan from proceeding north to protect the marchers from being exposed to MAGA racism and xenophobia.

-- The American MSM

And mikesez and TDOSS…

Well the real important issue is ... what to complain about next and what shocking string title to use. ...

Any ideas?

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A new broom always sweeps clean.