Subscribe to:
Post Comments (Atom)
-
Dr. Lorenzo Pelly M.D., Lic. No. G2453, Brownsville On August 20, 2021. The Board and Lorenzo Pelly, M.D., 2012 Valley Baptist Physician ... -
Talk about synchronicity, but someone just sent me a link to the Erasmo Castro podcast featuring Robert "Captain Bob"Sanchez whi... -
HTML Source Code: Leo Quarterback from Leo Rosales on Vimeo .
Already, we are seeing the effects of the inevitable responses to tariffs. Not only were Trump's assertions that "trade wars are easy to win" fallacious, but the country that instigates a trade war is always by far the biggest loser. The retaliating nations always have a tremendous advantage over those instigating protectionism. This can be easily seen with the tariffs on steel and aluminum that increase the costs of every product made in the US that uses those metals. Thus, American consumers and producers are already net losers from these ill-advised protectionist tariffs, even before any retaliation. These tariffs increase consumer prices and make products produced in the US less competitive, relative to those manufactured goods made outside the country using steel and aluminum priced at the world market, rather than the artificially propped-up, protected US aluminum and steel markets.
ReplyDeleteAs Trump discovered when a retaliatory tariff was put on US motorcycles by the EU, mostly impacting Harley-Davidson (NYSE:HOG), which will not raise any costs on any EU producers or for anyone in the EU except for buyers of motorcycles, the cost to the retaliating nations is miniscule. HOG has announced it will have to shift production outside of the US as a result of the tariffs. Thus, on top of the harm to US consumers, producers and exporters of the steel and aluminum tariffs, before any retaliation, American workers at HOG lose jobs and shareholders of HOG suffer as well. Polaris Industries (NYSE:PII) the US maker of Indian and Victory brand motorcycles, is considering similar actions with regard to shifting production overseas and reducing employment in the US in response to Trump's steel and aluminum tariffs and the retaliation by other countries."
Trump 2020!
ReplyDeleteYou mean Drumph. LOL
DeleteBaldy.
ReplyDeleteHappy looks very much like your filipino girlfriend. Really.
ReplyDeleteirrational envy from the McAllen maggot.
Delete