Posted on 05/14/2019 2:20:31 PM PDT by cba123
As his limo carried him to work at the White House Monday, Larry Kudlow could not have been pleased with the headline in The Washington Post: "Kudlow Contradicts Trump on Tariffs."
The story began: "National Economic Council Director Lawrence Kudlow acknowledged Sunday that American consumers end up paying for the administration's tariffs on Chinese imports, contradicting President Trump's repeated inaccurate claim that the Chinese foot the bill."
A free trade evangelical, Kudlow had conceded on Fox News that consumers pay the tariffs on products made abroad that they purchase here in the U.S. Yet that is by no means the whole story.
A tariff may be described as a sales or consumption tax the consumer pays, but tariffs are also a discretionary and an optional tax.
If you choose not to purchase Chinese goods and instead buy comparable goods made in other nations or the USA, then you do not pay the tariff.
(please see full article, at the link)
(Excerpt) Read more at cnsnews.com ...
For real.
If Pat Buchanan had been elected in 1988 instead of George H.W. Bush we might not have 30 million illegal aliens.
So far China has paid most of the bill for the tariffs.
In the face of tariffs you have two options. You can raise prices to the end consumer and risk losing market share. Or you can pay it yourself and take a smaller profit. China so far has taken a smaller profit.
Even if we stipulate that tariffs are paid by the consumer, they stimulate wages for the consumers with jobs, (”the consumers that matter”) by an amount greater than what they lose to tariffs.
Yes, totally unrestricted free trade is more efficient than trade with barriers, BUT you have to maintain a manufacturing base for strategic products, AND trade with bilateral barriers is still more beneficial than trade with asymmetric barriers.
So even if the Chinese/whomever don’t cave and remove their own trade barriers, the US is still better off for having them than not having them.
Americans, for the most part, have never stopped supporting America. It is patently obvious the “thought leaders”, politicians, pseudo-intellectuals in the rarified air of academia and others in government who aren’t clear on the concept or are actively engaged in sabotage.
I knew I had voted for Buchanan in a primary, couldn’t remember which year.
How much you want to bet ole’ Pat had some “adequately predicated cloaked undercover investigators” (totally not spying, though) turn their attention on him?
Absolutely. I did feel that he was more in it to make a point than to win. What a shame. Anyone who has read his history books has to be impressed by his depth of knowledge and the logic of his views. What a shame he's not advising President Trump!
One of the reasons I started shopping at Walmart was because when Sam Walton ran it, he tried his best to ensure that only "Made in USA" products were for sale in his stores.
That all went out the window when he died. I don't know who took control, but the "Made in USA" legacy quickly disappeared.
Years ago, I read his book “The Death of The West”. I was impressed even back then. He saw back then a lot of what is happening now - not only in the US but in Europe as well.
“Yes, totally unrestricted free trade is more efficient than trade with barriers”
Smithsonian Free Trade has never existed in the history of the world.
How can on adduce it is more efficient?
Mercantilism has always been the force of trade between nations. Practice it or cease to exist.
“Americans pay the tariffs” is based on the assumption that they will continue to buy the same products at the same rate. Not necessarily the case.
In the end, tariffs worked for us....AT THAT POINT IN TIME.
Today is a little different. There are a lot more trading partners out there. China just gobbled us up. We're wiggling out of their grip.
We need American Businesses to return to their roots. One of the ones that bothered me the most was the LEVI company. I can still picture my dad's jeans hanging on the nail in the basement waiting for his next adventure.
We WANT to BVuy American!!
“AT THAT POINT IN TIME”
Why do you allude to them not working now? What is essentially different?
You admit voting for Kemp? Ya know that’s the same assh*le who repeatedly came out against CA prop 187.
The results of that epic government intrusion after they burned the ballots and declared the victorious election illegal can now be seen coast to coast.
We were in the deep, deep control by the Media at that time.
The Media hated Pat. They still do.
So far China has paid most of the bill for the tariffs.
In the face of tariffs you have two options. You can raise prices to the end consumer and risk losing market share. Or you can pay it yourself and take a smaller profit. China so far has taken a smaller profit.
...
I’m not disagreeing, but do you have a source for that?
That’s right. Like Trump, Buchanan had all the right enemies.
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