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Getbig Main Boards => Gossip & Opinions => Topic started by: Palumboism on April 08, 2025, 05:25:34 PM
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Total Tariff on China is now 104 percent. We've never seen anything like this before. Is someone going to blink? What happens next?
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Funk is extremely upset.His real name is Lee Fung and lives in Shanghai.
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Hahaha.
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(https://media2.giphy.com/media/v1.Y2lkPTc5MGI3NjExaHk4cXc0dTlxNXhtcnFhb3d0cTBuOTh4MHN1MWsxem9xZG9hM25tbiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/ej6zTshuvpjyjci431/giphy.gif)
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Poor people are going to suffer the most :P
How are dollar stores for example supposed to survive?
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China and Europe are choosing to be on the loser side of the equation.
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I suspect more than 80% of the stuff in my house (and yours) was made in China. :-\
Computers? Yes
Monitors? Yes
TVs? Yes
Cell phones? Yes
Tablet? Yes
Printer? Yes
Clothes? Yes
Hats? Yes
Linens? Yes
Cookware? Yes
Flatware? Yes
Furniture? Yes
Pharmaceuticals? Yes
Syringes? Yes
Covid masks? Yes
Guess who blinks first?
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Poor people are going to suffer the most :P
How are dollar stores for example supposed to survive?
Become 2 dollar stores
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I suspect more than 80% of the stuff in my house (and yours) was made in China. :-\
Computers? Yes
Monitors? Yes
TVs? Yes
Cell phones? Yes
Tablet? Yes
Printer? Yes
Clothes? Yes
Hats? Yes
Linens? Yes
Cookware? Yes
Flatware? Yes
Furniture? Yes
Pharmaceuticals? Yes
Syringes? Yes
Covid masks? Yes
Guess who blinks first?
You guys over there need to hold the course.
All that shit made in China represents a massive transfer of wealth and standard of living.
It might hurt - but it's for the benefit of you and the rest of the world IMO.
All these countries - European and Canada saying "our relationship with America is over" - well fuck those people.
You guys have been spending your taxes protecting them for decades and they shit on you after this? Fuck those people. Fuck them in the ass.
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(https://waysandmeans.house.gov/wp-content/uploads/2024/05/Screen-Shot-2022-02-23-at-4.48.23-PM.png)
"But what often goes unnoticed is President Biden’s role in continuing President Trump’s first trade war. In fact, more tax revenue from the trade war tariffs has been collected under Biden than under Trump."
https://taxfoundation.org/blog/biden-trump-tariffs/
"The Biden administration said Friday that it has finalized tariff hikes on certain Chinese-made products that the president first announced in May. Trump implemented sweeping tariffs on about $300 billion of Chinese-made products when he was in office. President Joe Biden has kept those tariffs in place and, after the USTR finished a multiyear review earlier this year, decided to increase some of the rates on about $15 billion of Chinese imports."
https://edition.cnn.com/2024/09/13/politics/china-tariffs-biden-trump/index.html
"Back in 2018, lawmakers of both parties greeted President Donald Trump’s decision to slap tariffs on Chinese imports with widespread derision. Six years later, most members of Congress are applauding President Joe Biden’s extension — and in some cases, expansion — of those tariffs, if not calling for him to go even further."
https://www.politico.com/news/2024/05/15/biden-tariff-reaction-trump-00158043
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Poor people are going to suffer the most :P
How are dollar stores for example supposed to survive?
whos going to suffer?
No ones forcing anyone to buy luxury goods
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Poor people are going to suffer the most :P
How are dollar stores for example supposed to survive?
The Dollar Tree is now the Two Dollar And Four Cent Tree. :-\
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The Dollar Tree is now the Two Dollar And Four Cent Tree. :-\
and full of shit that you might want but certainly not need
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Poor people are going to suffer the most :P
How are dollar stores for example supposed to survive?
Poor people will do fine since they get all the free stuff, free medical care, Obama phones, food stamps, pay no income taxes, etc.
The middle class will take it on the chin.
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and full of shit that you might want but certainly not need
Mostly junk.
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China doesn't have anything that we couldn't make here, and since most countries go through China, they will have no choice but to buckle especially since 70 countries are negotiating with the US.
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Imagine an American citizen working 8 hours a day on a sewing machine, but paid 8 times less than the current minimum wage in the U.S.
This is just an example — globalization is not a conspiracy against Americans. Globalization is specialization based on comparative advantages.
The U.S. does not have the capacity to stop the $45 trillion in debt.
Americans will suffer severely and will return to globalization after permanently damaging their economy.
It's not America First, it's America Only.
That cannot work.
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Imagine an American citizen working 8 hours a day on a sewing machine, but paid 8 times less than the current minimum wage in the U.S.
This is just an example — globalization is not a conspiracy against Americans. Globalization is specialization based on comparative advantages.
The U.S. does not have the capacity to stop the $45 trillion in debt.
Americans will suffer severely and will return to globalization after permanently damaging their economy.
It's not America First, it's America Only.
That cannot work.
Watch us.
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Funk is extremely upset.His real name is Lee Fung and lives in Shanghai.
If he did, he would not be worried about tariffs or any other financial woes. You gotta be flush to live there.
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China doesn't have anything that we couldn't make here, and since most countries go through China, they will have no choice but to buckle especially since 70 countries are negotiating with the US.
Except the people to make those things. We do not have the workforce that is willing to sit around and sew materials or screw and glue things together or box items for little money per day. Attempting to replicate that feat would only make those items ever more expensive than you can imagine.
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Watch us.
Do what? You really think America is going to give up Temu, dan dan noodles or the prices they are paying for goods now?
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China has all the ingredients to manufacture every drug on Earth, including Fentanyl, yet there is zero drug problem in China.
Why? Discipline, commitment, absence of obesity, wokism, strong family values, no Black people, no Muslims, no proud homosexuality — in short, the unity of a population is the most incredible strength of this country, which has surpassed the Americans on all fronts.
Get your plane ticket and go visit China while enjoying it endlessly.
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China has all the ingredients to manufacture every drug on Earth, including Fentanyl, yet there is zero drug problem in China.
Why? Discipline, commitment, absence of obesity, wokism, strong family values, no Black people, no Muslims, no proud homosexuality — in short, the unity of a population is the most incredible strength of this country, which has surpassed the Americans on all fronts.
Get your plane ticket and go visit China while enjoying it endlessly.
Because drug dealers get the death sentence.
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If anyone has read “The Art of the Deal” (I have twice), this is it in real time…
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Poor people are going to suffer the most :P
How are dollar stores for example supposed to survive?
by changing the name ;D
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Do what? You really think America is going to give up Temu, dan dan noodles or the prices they are paying for goods now?
Yep.
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If anyone has read “The Art of the Deal” (I have twice), this is it in real time…
(https://media0.giphy.com/media/v1.Y2lkPTc5MGI3NjExdXV2Z2F6bWswbzgxaG53ZHNxazh5bW1pY21uNDdtdjNpNzFlZG1zYiZlcD12MV9pbnRlcm5hbF9naWZfYnlfaWQmY3Q9Zw/3oriNUens6wlIJhWW4/giphy.gif)
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Just read he was changing it to 125% for china and suspending for 90 for all other countries.
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Just read he was changing it to 125% for china and suspending for 90 for all other countries.
There is method in Trump's madness.
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Do what? You really think America is going to give up Temu, dan dan noodles or the prices they are paying for goods now?
Who the fuck would buy from temu? It’s complete trash.
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China has all the ingredients to manufacture every drug on Earth, including Fentanyl, yet there is zero drug problem in China.
Why? Discipline, commitment, absence of obesity, wokism, strong family values, no Black people, no Muslims, no proud homosexuality — in short, the unity of a population is the most incredible strength of this country, which has surpassed the Americans on all fronts.
Get your plane ticket and go visit China while enjoying it endlessly.
That’s our problem in the states like Europe , whether we like to admit it or not, we are screwed long term, US culture isn’t the same like back then, lazy work ethic, minorities by the dozen, crime all over , etc
The west got killed within, remember “diversity is our strength” haha
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China doesn't have anything that we couldn't make here, and since most countries go through China, they will have no choice but to buckle especially since 70 countries are negotiating with the US.
Coach, you out source your clothing , have some pride and make it in AMERICA then ;D
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If he did, he would not be worried about tariffs or any other financial woes. You gotta be flush to live there.
And stupid to live there. Other than seeing the Oriental Pearl on a sunny clear day, which is rare due to the smog, or hanging out in the French Quarter, Shanghai sucks. Unless of course you like walking down the street with 1 million other people banging into you. China blows and I have spent a considerable amount of time in that hell hole.
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Imagine an American citizen working 8 hours a day on a sewing machine, but paid 8 times less than the current minimum wage in the U.S.
This is just an example — globalization is not a conspiracy against Americans. Globalization is specialization based on comparative advantages.
The U.S. does not have the capacity to stop the $45 trillion in debt.
Americans will suffer severely and will return to globalization after permanently damaging their economy.
It's not America First, it's America Only.
That cannot work.
No disrespect but that is retarded.
We invented the computerized sewing machine. And the computer, And the chips that make up the computers. The USA outsourced manufacturing due in part to excessive regulations and taxes. It's all gonna come back here because China is now an enemy.
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Except the people to make those things. We do not have the workforce that is willing to sit around and sew materials or screw and glue things together or box items for little money per day. Attempting to replicate that feat would only make those items ever more expensive than you can imagine.
I beg to differ. The labor content of most manufactured goods is now a small fraction of the price. In fact, transportation is significantly higher. Having spent a fair amount of time in Chinese semiconductor factories, as well as lower end industrial commodities facilities, they are going to robotics themselves.
It seems the people nay saying the US industrial abilities are the ones who know jack shit about it in the first place.
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Except the people to make those things. We do not have the workforce that is willing to sit around and sew materials or screw and glue things together or box items for little money per day. Attempting to replicate that feat would only make those items ever more expensive than you can imagine.
Not true whatsoever. The tariffs, in design are to negociate and bring manufacturing and businesses back the US. When they do this they avoid paying the tariffs, cost of manufacturing parts and/or components, etc comes way down (because it's made here) which means more pay for the labor markets. Very few businesses in the US even pay the minimum wage, they usually pay much more even in the fast food industry.
BTW, as I write this, the Dow just closed at +2962 NASDAQ +1857 S&P +474
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Imagine an American citizen working 8 hours a day on a sewing machine, but paid 8 times less than the current minimum wage in the U.S.
This is just an example — globalization is not a conspiracy against Americans. Globalization is specialization based on comparative advantages.
The U.S. does not have the capacity to stop the $45 trillion in debt.
Americans will suffer severely and will return to globalization after permanently damaging their economy.
It's not America First, it's America Only.
That cannot work.
(https://c.tenor.com/YceJXdRkrvsAAAAd/trump-mommy.gif)
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124% now on China
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;D
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(https://i.postimg.cc/Y0Kg0hpL/IMG-20250409-234025-582.jpg)
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(https://i.postimg.cc/Y0Kg0hpL/IMG-20250409-234025-582.jpg)
Part of Trumps negotiating strategy is taken from The Art Of War” philosophy
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(https://i.postimg.cc/Y0Kg0hpL/IMG-20250409-234025-582.jpg)
Seems to be a lot of clueless c unts running around these days, too busy with their heads up their asses on social media.
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Seems to be a lot of clueless c unts running around these days, too busy with their heads up their asses on social media.
It's called satire
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fabric: CVC Jersey 60% Combed Ring-Spun Cotton 40% Polyester /32 singles, 145 grams/4.3 oz
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Not true whatsoever. The tariffs, in design are to negociate and bring manufacturing and businesses back the US. When they do this they avoid paying the tariffs, cost of manufacturing parts and/or components, etc comes way down (because it's made here) which means more pay for the labor markets. Very few businesses in the US even pay the minimum wage, they usually pay much more even in the fast food industry.
(https://joelocal.shop/cdn/shop/products/image_dcb1db24-b2e8-4116-ae25-a5d75a2c265d_480x.jpg?v=1602721062)
BTW, as I write this, the Dow just closed at +2962 NASDAQ +1857 S&P +474
“We’re taking in almost $2 billion a day in tariffs,” Mr Trump said. “America is gonna be very rich again very soon.”
.
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Yep.
Well then, you ain't had some good dan dan noodles.
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I beg to differ. The labor content of most manufactured goods is now a small fraction of the price. In fact, transportation is significantly higher. Having spent a fair amount of time in Chinese semiconductor factories, as well as lower end industrial commodities facilities, they are going to robotics themselves.
It seems the people nay saying the US industrial abilities are the ones who know jack shit about it in the first place.
Or maybe we know that paying the number of people required to do the tedious repetitious tasks on a minute basis of a job description the ongoing minimum wage is not going to actually make the product cheaper or better.
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(https://pbs.twimg.com/media/GoGg5w4XsAA87la?format=jpg&name=large)
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China has all the ingredients to manufacture every drug on Earth, including Fentanyl, yet there is zero drug problem in China.
Why? Discipline, commitment, absence of obesity, wokism, strong family values, no Black people, no Muslims, no proud homosexuality — in short, the unity of a population is the most incredible strength of this country, which has surpassed the Americans on all fronts.
Get your plane ticket and go visit China while enjoying it endlessly.
Germany tried this, china took a page out of their book and showed its success. Had Hitler not killed Jewish people he’d have probably been left alone and ruled a united Europe.
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“We’re taking in almost $2 billion a day in tariffs,” Mr Trump said. “America is gonna be very rich again very soon.”
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Thanks for the plug. Doesn't shrink, doesn't fade. Sold thousands over the last few years (just that design)
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The lefts new narrative after they miserably failed is "Trump caved" ;D
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The Dollar Tree is now the Two Dollar And Four Cent Tree. :-\
Under President Biden it became $1.25 tree.
We will see what it becomes.
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Except the people to make those things. We do not have the workforce that is willing to sit around and sew materials or screw and glue things together or box items for little money per day. Attempting to replicate that feat would only make those items ever more expensive than you can imagine.
I think this is true and it’s something many don’t consider. But we will find out.
https://x.com/damengchen/status/1909288019750011006
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China has all the ingredients to manufacture every drug on Earth, including Fentanyl, yet there is zero drug problem in China.
Why? Discipline, commitment, absence of obesity, wokism, strong family values, no Black people, no Muslims, no proud homosexuality — in short, the unity of a population is the most incredible strength of this country, which has surpassed the Americans on all fronts.
Get your plane ticket and go visit China while enjoying it endlessly.
Repression.
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So a 90 day pause now? Are we having a tariff party or what? This is becoming the Little Boy That Cried Wolf all over again.
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Germany tried this, china took a page out of their book and showed its success. Had Hitler not killed Jewish people he’d have probably been left alone and ruled a united Europe.
Killing the most intelligent people on the planet was a very bad mistake. Sometimes wars are won by scientists, not by soldiers. Something Der Fuhrer overlooked. Plenty of Jewish scientists worked on the Manhattan project.
But the one religion, one culture, hard work and disciplined ways of living functioned well.
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So a 90 day pause now? Are we having a tariff party or what? This is becoming the Little Boy That Cried Wolf all over again.
Are you following the left narrative "Trump caved"? simple yes or no will suffice
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Thread title needs to be updated as the tariffs move. It’s at 145% now.
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Funk is extremely upset.His real name is Lee Fung and lives in Shanghai.
Oh NO outed, you're not supposed to use real names on here. ;D ;D ;D ;D ;D
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Under President Biden it became $1.25 tree.
We will see what it becomes.
That's right, it did.
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Are you following the left narrative "Trump caved"? simple yes or no will suffice
I am following simple facts that you can't dispute.
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I am following simple facts that you can't dispute.
I know tariffs are bad,but why didn’t President Biden undo all the tariffs President Trump put into place?
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I am following simple facts that you can't dispute.
I stated a fact, dippy
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"But what often goes unnoticed is President Biden’s role in continuing President Trump’s first trade war. In fact, more tax revenue from the trade war tariffs has been collected under Biden than under Trump."
https://taxfoundation.org/blog/biden-trump-tariffs/
"The Biden administration said Friday that it has finalized tariff hikes on certain Chinese-made products that the president first announced in May. Trump implemented sweeping tariffs on about $300 billion of Chinese-made products when he was in office. President Joe Biden has kept those tariffs in place and, after the USTR finished a multiyear review earlier this year, decided to increase some of the rates on about $15 billion of Chinese imports."
https://edition.cnn.com/2024/09/13/politics/china-tariffs-biden-trump/index.html
"Back in 2018, lawmakers of both parties greeted President Donald Trump’s decision to slap tariffs on Chinese imports with widespread derision. Six years later, most members of Congress are applauding President Joe Biden’s extension — and in some cases, expansion — of those tariffs, if not calling for him to go even further."
https://www.politico.com/news/2024/05/15/biden-tariff-reaction-trump-00158043
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listen to the great wiseman joe rogan only he speaks the truth. ;D
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I know tariffs are bad,but why didn’t President Biden undo all the tariffs President Trump put into place?
Some he did. Some his expanded, some he reduced.
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Some he did. Some his expanded, some he reduced.
I know but I asked why didn’t he get rid of all the tariffs because they’re bad.
This is rhetorical. I know you don’t have the answer.
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Had discussions in the sandwich factory on this and had multiple colleagues call to get my read and advice.
I believe 98% will continue producing in China and warehouse, hoping to wait out tariff changes. BUT we know during Covid it was logistics constraints that fucked the entire market with shortages and drove inflation.
We also don’t know if China will put on go slows to exports which is an economic tactic….. ie shortages = inflation to fuck with the US.
Therefore regardless of today, do not store in China but ship to other warehouses and eat the cost. Redirect later on once tariffs are reduced. Use air freight premium to reduce time in transit = less time exposed to tariff hike.
Expect this to last longer than you might like (>48hrs). Expect the US to spend 90d resolving EU and APAC tariffs to acceptable outcomes. Then expect US-EU-APAC to hit China at the same time and cause all regions to implement China tariffs as a result.
Don’t lead the reprice in market. Let the big boys lead. Lots of other stuff.
I banged on in 2020-21 to buy your wants then because it’s all over now. We already moved some out of China but it’s not many lines. We can’t retool in a month, many of the variants of products you see on shelves will vanish, never to return. The retool will be so costly we will consolidate products. Eg 20 skus will become 5.
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Here’s the thing that’s going to come back to haunt us on the tariffs: we are the ones paying into the government coffers. Just like the diner in a restaurant, it is the buyer who pays the tax. So tonight at the docks in LA, Savannah, Long Beach, when Customs agents are there to finalize the upgraded invoices for Costco, Target, Walmart, or the Dollar Store for the orders from Chinese factories, it’s our retailers who are footing the bill (not the Chinese factories). Once that all really sinks in, the reality is going to hit us.
And who thinks our retailers aren’t going to pass it on to us?
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Are you following the left narrative "Trump caved"? simple yes or no will suffice
Can't believe they are going with this narrative. They just don't get him at all.
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Let’s say you are Dollar General. Do you scale back and have empty shelves? Do you continue ordering from China, pay the tax and become Two Dollar General? Do you desperately try to see if the same sort of items are available from Vietnam, or South Korea or a place where the tariffs are less? Do you desperately look for little factories here at home in the USA (NOT). Maybe a mix of all of above?
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Let’s say you are Dollar General. Do you scale back and have empty shelves? Do you continue ordering from China, pay the tax and become Two Dollar General? Do you desperately try to see if the same sort of items are available from Vietnam, or South Korea or a place where the tariffs are less? Do you desperately look for little factories here at home in the USA (NOT). Maybe a mix of all of above?
Most likely a mix to start, but some countries will be cheaper to get items because they are willing to go to 0 tariffs
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Let’s say you are Dollar General. Do you scale back and have empty shelves? Do you continue ordering from China, pay the tax and become Two Dollar General? Do you desperately try to see if the same sort of items are available from Vietnam, or South Korea or a place where the tariffs are less? Do you desperately look for little factories here at home in the USA (NOT). Maybe a mix of all of above?
Those stores source from varying countries.
But tariffs are here to stay in one form or another but China is fucked now.
The “junk” around us is all cheap crap. All that goes away with tariffs.
Sku rationalisation will occur. We don’t have the time or money to re-tool quickly and produce the same amount of different products. I’ve talked about this for years and it’s here now. There is no way around it because guys like me will take profitable volume movers and derisk as a priority. We will sacrifice 10 products to save 2. Nobody will move bullshit $1 items from China to retool Vietnam.
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There goes my dollar toothpaste from Dollar General.
Thanks Trump.
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Those stores source from varying countries.
But tariffs are here to stay in one form or another but China is fucked now.
The “junk” around us is all cheap crap. All that goes away with tariffs.
Sku rationalisation will occur. We don’t have the time or money to re-tool quickly and produce the same amount of different products. I’ve talked about this for years and it’s here now. There is no way around it because guys like me will take profitable volume movers and derisk as a priority. We will sacrifice 10 products to save 2. Nobody will move bullshit $1 items from China to retool Vietnam.
No doubt China’s factories and China’s economy will suffer. But making ourselves suffer in the bargain (and we ARE headed for a recession) may just end up lose/lose for everybody. And if this results in a Democratic Congress in two years and a Democratic President in four, will there be any consistency in how this rolls out?
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No doubt China’s factories and China’s economy will suffer. But making ourselves suffer in the bargain (and we ARE headed for a recession) may just end up lose/lose for everybody. And if this results in a Democratic Congress in two years and a Democratic President in four, will there be any consistency in how this rolls out?
It was set in 2016.
BUT sorry to say supply crunch 2.0 has just started. We can’t all move from a 16T manufacturing economy to a 476B manufacturing economy in Vietnam. It’s Covid 2.0 all over again.
China just upped tariffs, prepare for 200% now. You’ll see just how quickly this get fucked up because of what I have outlined. I can’t move all my sandwiches to Vietnam in 2wks and even if I wanted to there is a line 10km long for us wanting to get in.
It sucks by the way. But yeah, prepare for market nuke.
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It was set in 2016.
BUT sorry to say supply crunch 2.0 has just started. We can’t all move from a 16T manufacturing economy to a 476B manufacturing economy in Vietnam. It’s Covid 2.0 all over again.
China just upped tariffs, prepare for 200% now. You’ll see just how quickly this get fucked up because of what I have outlined. I can’t move all my sandwiches to Vietnam in 2wks and even if I wanted to there is a line 10km long for us wanting to get in.
It sucks by the way. But yeah, prepare for market nuke.
(https://media.tenor.com/ESyBcE5cxk4AAAAM/looking-stare.gif)
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Exciting times.
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I stated a fact, dippy
Yet my fact is still undisputed. Retard.
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I know but I asked why didn’t he get rid of all the tariffs because they’re bad.
This is rhetorical. I know you don’t have the answer.
I don't have the answer or I don't have the answer you want? Which is it?
Because what he kept and what is occurring today is two different things. This is like asking why did Trump keep certain policies of Obama?
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You guys realize that China will simply just export to another country for reshipping first right?
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https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf (https://www.hudsonbaycapital.com/documents/FG/hudsonbay/research/638199_A_Users_Guide_to_Restructuring_the_Global_Trading_System.pdf)
Stephen Miran was Senior Strategist at Hudson Bay Capital. He currently serves as Chairman of the Council of Economic Advisers.
You guys realize that this about the US defaulting on its debt China will simply just export to another country for reshipping first right?
but still be the safe secure global reserve currency
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I don't have the answer or I don't have the answer you want? Which is it?
Because what he kept and what is occurring today is two different things. This is like asking why did Trump keep certain policies of Obama?
You responsd to questions you don’t like in the same way Hankins would. Posting a reply doesn’t mean you answered the question.
If all tariffs are bad why did President Biden keep any? Is that an easier question to understand?
I never implied what had occurred and what is taking place are exactly the same, there were never tariffs levied against Canada for example, I don’t think anyone is making that argument.
It will be interesting to see what tariffs stick and how they affect us, and how it changes our economy but many of these will never be implemented as this is all grandstanding.
You guys realize that China will simply just export to another country for reshipping first right?
Yeah this is a belief that I have heard and that I hope is not true because if this is really what’s going on, it (China) will bankrupt our economy.
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(https://pbs.twimg.com/media/GoQVJXwWAAA42vt?format=jpg&name=large)
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I don't have the answer or I don't have the answer you want? Which is it?
Because what he kept and what is occurring today is two different things. This is like asking why did Trump keep certain policies of Obama?
(https://c.tenor.com/kjPenHD-dr4AAAAM/crying-sobbing.gif)
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You responsd to questions you don’t like in the same way Hankins would. Posting a reply doesn’t mean you answered the question.
If all tariffs are bad why did President Biden keep any? Is that an easier question to understand?
I never implied what had occurred and what is taking place are exactly the same, there were never tariffs levied against Canada for example, I don’t think anyone is making that argument.
It will be interesting to see what tariffs stick and how they affect us, and how it changes our economy but many of these will never be implemented as this is all grandstanding.
Yeah this is a belief that I have heard and that I hope is not true because if this is really what’s going on, it (China) will bankrupt our economy.
Lurker is the great deflector. ;D
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Lurker is the great deflector. ;D
Lurker’s gimmick is he’s never been wrong, one time Rambone engaged him in what looked like a legitimate political discussion and lurker couldn’t break character. He trolls on a different level but he can make valid points and have good observations.
But we need to remember that he’s always working Getbig.
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I run a tech business. I am getting panicked emails from Chinese vendors (we use about 25% Chinese parts - mostly due to the lack of USA suppliers) and they are freaking out.
Go MAGA!
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You responsd to questions you don’t like in the same way Hankins would. Posting a reply doesn’t mean you answered the question.
If all tariffs are bad why did President Biden keep any? Is that an easier question to understand?
I never implied what had occurred and what is taking place are exactly the same, there were never tariffs levied against Canada for example, I don’t think anyone is making that argument.
It will be interesting to see what tariffs stick and how they affect us, and how it changes our economy but many of these will never be implemented as this is all grandstanding.
Yeah this is a belief that I have heard and that I hope is not true because if this is really what’s going on, it (China) will bankrupt our economy.
And I never said all tariffs are bad did I?
"You responsd to questions you don’t like in the same way Hankins would"
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Lurker’s gimmick is he’s never been wrong, one time Rambone engaged him in what looked like a legitimate political discussion and lurker couldn’t break character. He trolls on a different level but he can make valid points and have good observations.
But we need to remember that he’s always working Getbig.
Please post a link to that and remind of us. I am actually curious to read this.
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Lurker is the great deflector. ;D
Says the person that posts the same tired ass memes or dance over and over when he has nothing else to add.
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Says the person that posts the same tired ass memes or dance over and over when he has nothing else to add.
I admit some of your travel posts are excellent. Politically - well we agree to disagree, lol.
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I run a tech business. I am getting panicked emails from Chinese vendors (we use about 25% Chinese parts - mostly due to the lack of USA suppliers) and they are freaking out.
Go MAGA!
there could be a booming market in preloved hats
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I admit some of your travel posts are excellent. Politically - well we agree to disagree, lol.
Agreed. :)
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Thanks for the plug. Doesn't shrink, doesn't fade. Sold thousands over the last few years (just that design)
where is the shirt made?
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Tbombz and shitzo belong in there
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where is the shirt made?
Coach won’t make his stuff in America, all imported
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Now El Orange-O says he will add tariffs to pharmaceutical imports as well. Just what his obese bad health base needs. :D :D :D
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And I never said all tariffs are bad did I?
"You responsd to questions you don’t like in the same way Hankins would"
Did I say that you said all tariffs are bad?
Please post a link to that and remind of us. I am actually curious to read this.
I’m not digging through topics because you don’t remember the interact.
Maybe Delon can find it?
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The Golden Age is here.
MAGA or GTFO!
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Lurker’s gimmick is he’s never been wrong, one time Rambone engaged him in what looked like a legitimate political discussion and lurker couldn’t break character. He trolls on a different level but he can make valid points and have good observations.
But we need to remember that he’s always working Getbig.
I think Lurker is being truthful when he posts about getting the highest quality ladyboygina in the various asian countries he travels to
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Lurker’s gimmick is he’s never been wrong, one time Rambone engaged him in what looked like a legitimate political discussion and lurker couldn’t break character. He trolls on a different level but he can make valid points and have good observations.
But we need to remember that he’s always working Getbig.
Please post a link to that and remind of us. I am actually curious to read this.
I’m not digging through topics because you don’t remember the interact.
Maybe Delon can find it?
________________________ ___________
This might be it - I didnt go through the full thread but Rambone's post here looks to be in-line with your comment Dave and they went back & forth for many posts after
Boy, you can never admit when you’re wrong, huh?
https://www.getbig.com/boards/index.php?topic=693810.msg10285974#msg10285974
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________________________ ___________
This might be it - I didnt go through the full thread but Rambone's post here looks to be in-line with your comment Dave and they went back & forth for many posts after
https://www.getbig.com/boards/index.php?topic=693810.msg10285974#msg10285974
HAHAHAHAHAHAHAHA
Excellent work Delon! This is exactly what I was referring to!
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You guys realize that China will simply just export to another country for reshipping first right?
No.
It’s country of origin on documents for Customs clearance.
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This might be it - I didnt go through the full thread but Rambone's post here looks to be in-line with your comment Dave and they went back & forth for many posts after
https://www.getbig.com/boards/index.php?topic=693810.msg10285974#msg10285974
(https://www.getbig.com/boards/index.php?topic=693810.msg10285974#msg10285974)
HAHAHAHAHAHAHAHA
Excellent work Delon! This is exactly what I was referring to!
Every.
Time.
8)
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HAHAHAHAHAHAHAHA
Excellent work Delon! This is exactly what I was referring to!
No problem haha
Every.
Time.
8)
Welcome back Taff
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Did I say that you said all tariffs are bad?
I’m not digging through topics because you don’t remember the interact.
Maybe Delon can find it?
You asked "if all tariffs are bad" which is a quantifying statement.
So no link. Ok.
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I think Lurker is being truthful when he posts about getting the highest quality ladyboygina in the various asian countries he travels to
Absolutely. Since I have never posted that, when I actually do.. you can rest assured it will be true.
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________________________ ___________
This might be it - I didnt go through the full thread but Rambone's post here looks to be in-line with your comment Dave and they went back & forth for many posts after
https://www.getbig.com/boards/index.php?topic=693810.msg10285974#msg10285974
Thanks for posting. Perfect example of being correct (which is me) while someone is attempting to split hairs and move the goal posts for their arguments (which is not me).
That is a classic thread of dumb ass conservatives attempting to side argue with themselves in weak ass attempts to "make a point". Getting owned by the delegate issue and by someone's own words is hysterical. But not nearly as hysterical as Rambone confessing his admiration of my dick and telling me that he thinks I am "handsome". Wrong guy, but creepy as hell nonetheless.
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Thanks for posting. Perfect example of being correct (which is me) while someone is attempting to split hairs and move the goal posts for their arguments (which is not me).
That is a classic thread of dumb ass conservatives attempting to side argue with themselves in weak ass attempts to "make a point". Getting owned by the delegate issue and by someone's own words is hysterical. But not nearly as hysterical as Rambone confessing his admiration of my dick and telling me that he thinks I am "handsome". Wrong guy, but creepy as hell nonetheless.
Royalty incoming to claim your are posting on both accounts
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You asked "if all tariffs are bad" which is a quantifying statement.
So no link. Ok.
Oh. I should have been specific, if all of Trumps tariffs are bad why did President Biden not rescind them?
Thanks for posting. Perfect example of being correct (which is me) while someone is attempting to split hairs and move the goal posts for their arguments (which is not me).
That is a classic thread of dumb ass conservatives attempting to side argue with themselves in weak ass attempts to "make a point". Getting owned by the delegate issue and by someone's own words is hysterical. But not nearly as hysterical as Rambone confessing his admiration of my dick and telling me that he thinks I am "handsome". Wrong guy, but creepy as hell nonetheless.
::)
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The history of tariffs in the United States is a long and evolving story, tied to the nation’s economic needs, political debates, and global relationships. Below is a concise overview of their development, focusing on key moments and shifts:
Early Years (1789–1815): Revenue and Protection
• 1789: The Tariff Act of 1789 was one of the first laws passed by Congress, imposing a 5-15% duty on imports like wool, cotton, and manufactured goods. Its primary goal was to generate revenue for the new government, which lacked a federal income tax, while offering modest protection to infant industries.
• 1790s–1800s: Tariffs fluctuated but remained a core revenue source. Debates emerged between Federalists, who favored protectionism, and Jeffersonian Republicans, who preferred lower tariffs to promote agriculture and trade.
• 1807–1809: The Embargo Act and Non-Intercourse Act restricted trade with Britain and France during the Napoleonic Wars, indirectly acting as a protective barrier for U.S. industries, though not a tariff per se.
Rise of Protectionism (1816–1860)
• 1816: The Tariff of 1816 marked a shift toward protectionism, raising duties to 20-25% on manufactured goods to shield U.S. industries from British competition after the War of 1812. It was the first explicitly protective tariff.
• 1828: The “Tariff of Abominations” imposed high duties (up to 50%) on imports, favoring Northern manufacturers but angering Southern agrarians, who relied on cheap imported goods. This sparked the Nullification Crisis, with South Carolina threatening secession over federal tariff enforcement.
• 1833–1840s: Compromise tariffs (e.g., Tariff of 1833) gradually lowered rates to ease tensions. By the 1840s, Democratic-led tariffs like the Walker Tariff (1846) reduced duties to around 25%, reflecting a brief free-trade lean.
• 1857: The Tariff of 1857 further lowered rates to about 20%, aligning with Southern interests, but the Panic of 1857 led Northern industrialists to blame low tariffs for economic woes, reigniting protectionist calls.
Civil War and Industrial Protection (1861–1900)
• 1861–1865: The Morrill Tariff (1861) and subsequent Civil War tariffs raised duties to 40-50% to fund the Union war effort and protect Northern industries. With Southern free-trade advocates absent from Congress, protectionism dominated.
• Post-War Era: High tariffs persisted to support industrialization. The Republican Party, dominant in this period, championed tariffs as a shield for American factories and workers. Rates averaged 40-50% on dutiable goods.
• 1890: The McKinley Tariff raised duties to nearly 50%, protecting industries like steel and textiles but raising consumer prices, leading to Republican losses in the 1890 midterms.
• 1894: The Wilson-Gorman Tariff slightly lowered rates under Democratic control but included an income tax to offset revenue losses (later struck down by the Supreme Court).
Early 20th Century: Protection vs. Reform (1900–1930)
• 1909: The Payne-Aldrich Tariff aimed to lower rates but ended up maintaining high duties after Senate revisions, frustrating progressive reformers.
• 1913: The Underwood Tariff, passed under President Wilson, significantly reduced rates to 25% and introduced a federal income tax (enabled by the 16th Amendment) to replace lost tariff revenue. This marked a shift toward freer trade.
• 1922–1930: Post-World War I, Republican-led tariffs like the Fordney-McCumber Tariff (1922) and Smoot-Hawley Tariff (1930) raised duties to historic highs (up to 60% in some cases). Smoot-Hawley, passed during the Great Depression’s onset, aimed to protect farmers and industries but worsened global trade by triggering retaliatory tariffs from other nations.
Shift to Free Trade (1934–1980)
• 1934: The Reciprocal Trade Agreements Act, under President Roosevelt, marked a turning point. It authorized the president to negotiate tariff reductions with other nations, promoting global trade recovery. This began a long decline in U.S. tariff rates.
• 1947: The U.S. helped establish the General Agreement on Tariffs and Trade (GATT), a multilateral framework to reduce tariffs and trade barriers. GATT rounds through the 1960s (e.g., Kennedy Round) cut U.S. tariffs to historic lows, averaging under 10%.
• 1970s: Tariffs remained low, but non-tariff barriers (e.g., quotas on Japanese cars) emerged as the U.S. faced rising competition from Japan and Europe.
Late 20th Century: Targeted Protection (1980–2000)
• 1980s: Reagan’s administration maintained low tariffs but used voluntary export restraints and quotas to protect industries like steel and autos from foreign competition, particularly Japan.
• 1994: The North American Free Trade Agreement (NAFTA) eliminated most tariffs between the U.S., Canada, and Mexico, reflecting a commitment to regional free trade.
• 1995: The World Trade Organization (WTO) replaced GATT, further institutionalizing low tariffs globally. U.S. average tariffs fell to around 3-5%.
21st Century: Resurgence of Tariffs (2000–Present)
• 2002: President Bush imposed temporary steel tariffs (up to 30%), citing unfair foreign competition. These were lifted in 2003 after WTO challenges and economic backlash.
• 2018–2020: Under President Trump, tariffs saw a revival. The U.S. imposed duties on steel (25%) and aluminum (10%) globally, citing national security, and targeted China with tariffs on over $360 billion in goods (10-25%) to address trade imbalances and intellectual property theft. China retaliated, escalating a trade war.
• 2021–Present: The Biden administration retained many Trump-era tariffs while adjusting some (e.g., easing EU steel tariffs). In 2024, Biden proposed further tariffs on Chinese electric vehicles and tech, citing strategic competition. As of April 12, 2025, tariffs remain a contentious tool, with debates over their impact on inflation, supply chains, and global relations.
Key Themes
• Revenue vs. Protection: Early tariffs focused on revenue; later ones prioritized protecting industries and workers.
• Regional Tensions: Tariffs often pitted Northern industrialists against Southern agrarians, shaping political divides.
• Global Impact: High tariffs (e.g., Smoot-Hawley) strained international trade, while low tariffs (post-1934) fostered globalization.
• Political Shifts: Republicans historically favored high tariffs, Democrats lower ones, though modern politics blur these lines.
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The difference…
Whether tariffs are “better” than taxes depends on the context—economic goals, political priorities, and societal impacts all play a role. Both are tools governments use to raise revenue and influence behavior, but they function differently and have distinct trade-offs. Below, I’ll compare them across key dimensions to give you a clear picture, avoiding a one-size-fits-all answer.
1. Purpose and Mechanism
• Tariffs: Taxes on imported (or sometimes exported) goods. They raise revenue while protecting domestic industries by making foreign products more expensive. They can also be used strategically in trade negotiations or to address geopolitical concerns (e.g., national security).
• Taxes: Broad category (e.g., income, sales, corporate, property taxes) designed primarily to fund government operations. Some taxes, like sin taxes (on alcohol or tobacco), aim to shape behavior, but their main role is revenue generation without directly targeting trade.
Comparison: Tariffs have a dual role (revenue + protectionism), while taxes are typically revenue-focused. Tariffs influence international trade; taxes affect domestic economic activity.
2. Economic Impact
• Tariffs:
◦ Pros:
▪ Protect domestic industries and jobs by shielding them from cheaper foreign competition (e.g., U.S. steel tariffs in 2002 saved some steel jobs).
▪ Can incentivize local production (e.g., tariffs on Chinese electronics might boost U.S. manufacturing).
▪ Generate revenue without taxing citizens directly (in 1800s U.S., tariffs funded most of the federal budget).
◦ Cons:
▪ Raise consumer prices by increasing the cost of imports and sometimes domestic goods (e.g., Smoot-Hawley Tariff of 1930 deepened the Great Depression by spiking prices).
▪ Risk trade wars, as other nations retaliate (e.g., China’s counter-tariffs in 2018 hit U.S. farmers).
▪ May hurt industries reliant on imported inputs (e.g., tariffs on aluminum raised costs for U.S. carmakers).
▪ Inefficient revenue source today—U.S. tariffs in Jonathan to a 2018 study, tariffs generated $70 billion annually but covered only 2% of federal revenue.
• Taxes:
◦ Pros:
▪ Broader revenue base (e.g., income tax, sales tax) funds a larger share of government—U.S. federal income tax covers ~50% of revenue vs. tariffs’ 2%.
▪ More flexible: Can target specific groups (e.g., high earners) or behaviors (e.g., carbon taxes to curb emissions).
▪ Less distortionary in global trade—don’t trigger retaliatory tariffs or disrupt supply chains.
◦ Cons:
▪ Can reduce economic growth if too high (e.g., high corporate taxes might discourage investment).
▪ Politically unpopular—direct taxes (like income tax) feel more burdensome to citizens than “hidden” tariff costs passed through prices.
▪ Complex administration (e.g., IRS processing millions of returns vs. customs agents checking imports).
Comparison: Tariffs protect specific industries but raise prices and risk global backlash. Taxes fund more government services but can burden individuals and businesses directly. Tariffs are narrower in scope; taxes are more scalable.
3. Equity and Fairness
• Tariffs:
◦ Regressive: Higher prices hit lower-income households hardest, as they spend a larger share of income on goods (e.g., tariff-driven price hikes on clothes or appliances).
◦ Uneven impact: Benefits workers in protected industries (e.g., steel) but hurts consumers and import-reliant sectors (e.g., retail).
• Taxes:
◦ Can be progressive (e.g., higher income tax rates for wealthier people) or regressive (e.g., sales taxes hitting low earners more).
◦ Broader distribution: Everyone pays some form of tax (income, payroll, etc.), so the burden is less industry-specific.
Comparison: Taxes can be designed for fairness (e.g., tax credits for low-income families), while tariffs are inherently regressive, indirectly taxing consumers via prices.
4. Political and Practical Considerations
• Tariffs:
◦ Easier to sell politically: Framed as protecting “American jobs” or countering “unfair” trade (e.g., Trump’s 2018 tariffs on China).
◦ Simpler to implement: Customs services already monitor borders.
◦ Vulnerable to lobbying: Industries push for exemptions or higher tariffs, leading to cronyism (e.g., 19th-century U.S. tariff schedules were notoriously complex due to special interests).
• Taxes:
◦ Politically contentious: Tax hikes face resistance (e.g., 1993 Clinton tax increase sparked backlash despite balancing the budget).
◦ Complex systems: Income tax requires extensive bureaucracy; loopholes benefit the wealthy (e.g., U.S. tax code is over 70,000 pages).
◦ Stable revenue: Less prone to international disruptions like trade wars.
Comparison: Tariffs are politically expedient but prone to escalation and inefficiency. Taxes are harder to pass but more reliable long-term.
5. Historical and Modern Context
• Tariffs:
◦ Dominant in early U.S. (1789–1913) when tariffs funded 90% of federal revenue pre-income tax. Today, they’re minor (~2% of revenue) but resurgent for strategic goals (e.g., Biden’s 2024 tariffs on Chinese EVs).
◦ Global trade agreements (WTO, NAFTA) limit tariff use, but unilateral tariffs persist (e.g., U.S.-China trade war).
• Taxes:
◦ Rose with 16th Amendment (1913 income tax). Now the backbone of U.S. revenue: income tax (~50%), payroll tax (~30%).
◦ Modern debates focus on tax rates, loopholes, and fairness (e.g., 2025 Trump tax cut proposals vs. progressive wealth taxes).
Comparison: Tariffs were king when governments were small and trade was simpler. Taxes suit complex, service-heavy economies but spark endless reform debates.
6. Global and Long-Term Effects
• Tariffs:
◦ Can disrupt global supply chains (e.g., 2018 tariffs raised costs for U.S. manufacturers using Chinese parts).
◦ Long-term, high tariffs reduce efficiency—protected industries stagnate without competition (e.g., U.S. sugar tariffs keep prices 2x world levels).
◦ Can shift trade patterns (e.g., post-2018, Vietnam gained as firms bypassed China).
• Taxes:
◦ Less global fallout—don’t typically spark retaliatory policies (though corporate tax hikes can drive firms offshore, e.g., inversions to Ireland).
◦ Long-term, high taxes may slow growth, but well-designed taxes (e.g., VAT in Europe) fund robust services without heavy trade distortion.
Comparison: Tariffs ripple globally, risking escalation and inefficiency. Taxes are domestic but can stifle innovation if mismanaged.
Specific Scenarios
• If the goal is revenue: Taxes win. U.S. income and payroll taxes dwarf tariff revenue ($4 trillion vs. $70 billion annually). Tariffs can’t scale without crippling trade.
• If the goal is protection: Tariffs are better—they directly shield industries. Taxes don’t target specific sectors unless paired with subsidies (e.g., tax credits for green energy).
• If the goal is fairness: Taxes are more flexible—progressive systems redistribute wealth. Tariffs burden consumers indiscriminately.
• If the goal is geopolitics: Tariffs can pressure adversaries (e.g., China tariffs to curb tech theft), but taxes don’t play this role.
Caveats
• Data Gaps: Exact impacts vary. For example, a 2019 study estimated Trump’s tariffs cost U.S. consumers $40 billion annually but saved 50,000 steel jobs. Tax studies (e.g., CBO) show high rates cut GDP growth, but by how much depends on the tax type.
• Context Matters: A small tariff in a trade-heavy nation (e.g., 19th-century U.S.) works better than in today’s globalized economy. High taxes fit service-based economies but not cash-strapped ones.
Final Answer
Neither is inherently “better”—it’s situational. Tariffs excel for protecting industries or geopolitical leverage but raise prices and risk retaliation. Taxes are superior for revenue and fairness but can overburden economies if poorly designed. Historically, the U.S. shifted from tariffs to taxes as its economy grew complex, yet tariffs persist for strategic aims (e.g., 2025 China tensions). If you have a specific goal (e.g., fund schools, etc)
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Oh dear... how's that China tariff holding up today?
Still 145%? Except computers. And smartphones. And chips. And monitors. And other electronics. And what else? Is anything left? Besides cheap crap from Temu?
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Oh dear... how's that China tariff holding up today?
Still 145%? Except computers. And smartphones. And chips. And monitors. And other electronics. And what else? Is anything left? Besides cheap crap from Temu?
You’re for every other country but our own. Comrade
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Oh dear... how's that China tariff holding up today?
Still 145%? Except computers. And smartphones. And chips. And monitors. And other electronics. And what else? Is anything left? Besides cheap crap from Temu?
They pulled electronics because you can’t retool from a 16T economy to a 450B economy in 2wks. Was never going to sit at 145% but it is a warning shot to business.
As we reduce the range of skus is reduces workload. Reduced workload means we can do more shit that matters and creates an environment for improvement.
If you mow 10 lawns in a day vs 1 lawn guess which one will look the best? That’s what this is all about. Our infrastructure is falling apart and China lives in the future. We will have an economic boom to outbuild what China has today. Plebs just don’t understand how it works so they protest.
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WHAT YOU'RE NOT HEARING: The Chinese cannot replace the U.S. market. Without it, the Chinese economy collapses.
Here's why… China's entire economic miracle was built on ONE thing - being America's cheap manufacturing hub.
The "Chinese miracle" playbook was simple:
• Open markets to the West
• Offer dirt-cheap labor
• Ignore safety standards
• Let Western companies rake in profits
This worked for decades. But China forgot something crucial: others can do this too.
MASSIVE MISCALCULATION: Beijing thought the American leaders they made rich would protect them forever. They believed these corporate puppet masters would never let the US stand up to China.
WRONG. Along came Donald Trump, who owes them nothing.
The numbers don't lie
• US exports to China: $143.5B
• Chinese imports to US: $438.9B
They flood our markets while closing or restricting THEIR markets.
But Trump said: NO MORE
Meanwhile, countries like India, Vietnam, and Bangladesh are CELEBRATING. They're ready to take China's place, AND open their markets to the U.S. - and Trump's willing to deal.
HERE'S what the Enemedia WON'T tell you:
Chinese exporters are PANICKING
• Abandoning shipments mid-voyage
• Factory orders FROZEN
• Container volume DOWN 90%
And this is just the beginning. China can't replace the U.S. market that made it rich.
Reports flooding in:
• Factories shutting down
• Amazon canceling orders
• Stores closing
• Warehouses overflowing
The house of cards is falling. But the Enemedia gives you nothing but Chinese propaganda.
CRUCIAL FACT: America buys 3X more than Japan (China's next biggest customer).
Without us, they're FINISHED. And they were already on the ropes.
Will this affect US consumers? Sure, briefly. You might struggle to find cheap plastic junk for a few months.
But other countries will step up. And TRILLIONS in new investment are flowing into America, while countless factories LEAVE China.
Will this affect US consumers? Sure, briefly. You might struggle to find cheap plastic junk for a few months.
The bottom line: China picked a fight they can't win. While America adjusts, the CCP will face the consequences of their refusal to truly open their own markets, or to abandon aggression against their neighbors.
Game over. The decoupling is under way.
Rod Martin, Founder and CEO Martin Capital
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Coach, this was in place 5yrs ago with the pandemic. I don’t know who wrote your post but they aren’t smart. It’s has always been known China was a volume economy but EU is their biggest customer, not the Us. That’s why China hit back so hard and have asked the EU to team up.
If your sources are only talking it now, they are 5yrs behind the game as tariffs were always in play.
Shortage 2.0 has begun. Lights out now for anyone who didn’t buy their wants in 2020-21. Property will boom like absolute crazy now aswell. All those plebs with money but no shit on shelves, guess where it all goes? Property 😉
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Where you from, Lurker?
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Where you from, Lurker?
Take a guess.
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Let's add semiconductors to the list. Yep, one more item China is exempt from. Will soybeans be exempted next? Stay tuned and find out... :D :D
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Take a guess.
Georgia?
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Let's add semiconductors to the list. Yep, one more item China is exempt from. Will soybeans be exempted next? Stay tuned and find out... :D :D
Chinese food.
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Georgia?
The state or the country? /goofy retard voice of the traffic cone