I work for a retired Fortune 500 CEO he said the effects will take place in 2 years that there will be drastic downturn in the economy . He said insiders know to shift all matters over right now . We're hoping there will not be another housing market collapse , but we can't see how it can be prevented .... people pay off all your debts right now while you got a chance
@@johnmcdermid6478 As of the latest OEC report, in 2022 the U.S. imported $1.75 Billion dollars worth of pork, and exported $5.38 Billion dollars worth. This equals to a net trade profit of $3.63 Billion dollars. So it’s pretty clear that the amount of money spent on importing pork is significantly lower than the amount exported.
They dont wznt to pay the wages, or benifits or give workers breaks or holiday pays, they loose trillions in profits, think of china or veit nam, with no labor laws or belifite brakes.
I am hoping he will end all PROPERTY taxes, and INCREASE Social Security for those of us who really need it--especially for those of us trying to survive on only ONE Social Security Check!!
If the Trump Administration were to end all property taxes, the money lost would negatively affect local government revenue since property taxes are a major source of funding for schools, police, fire departments, and infrastructure. Additionally, the government might need to raise other taxes (e.g., sales taxes or income taxes) to compensate for lost revenue, potentially shifting the tax burden.
I hope that Trump will not overdo tariffs. Generally, free trade facilities more jobs and lower prices and higher quality. But not always. David Ricardo, the economist who championed free trade, observed that free trade will not work where capital or labor are highly mobile as they are today. So, tariffs are justified to prevent outsourcing but not simply to limit competition from similarly situated nations such as Europe and Japan where the workers are paid similar to Americans and their working conditions are similar. There is no incentive to move American companies to Sweden or France in order to take advantage of cheap labor or poor working conditions. So, we need selective tariffs, not tariffs across the board.
Following Trump's election victory and it's positive impact on the market , my recently acquired home and also enjoying $93,000 bi-weekly profits from Bitcoin ETFs, life feels good 💯❤️God bless America 🇺🇸📈💪💯
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $60k in a meme coin for just few months sometimes lesser and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Cryptrading with a good broker-advisor, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of
Madeleine Howells is to be thanked. My journey with her started after my best friend got back from New York and saw me suffering in dept then told me about her and how my life could change through her. Madeleine Howells is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!! She's the best broker-advisor
Yes, that’s how tariffs function. In essence, tariffs are essentially import taxes, not export taxes. The companies importing products like technology, manufacturing parts, agriculture, medical equipment, and so on, will be obligated to pay the tariffs. Regrettably, given the current state of modern capitalism, these companies will seek to compensate for their losses by raising the prices of their products for consumers.
In the meantime though before that infrastructure is set up the tariffs are gonna raise prices since companies pass on the cost of importing to the consumer Even when we have the manufacturing infrastructure the tariffs still will likely raise taxes since we’ll still have to import some raw materials not found/not plentiful in the us
I’m sorry dear, manufacturing jobs are not coming back to the US or any rich western countries. No Americans wanted to lived on slave wages and none of western citizens wanted to pay more for an iPad. That’s the reason we send those jobs to China and India in the first place
Tariffs are import taxes, not export taxes. U.S. companies that want to import foreign products like technology, manufacturing parts, agriculture, medical equipment, and so on, INTO the United States will be obligated to pay the tariffs. Regrettably, given the current state of modern capitalism, these companies will seek to compensate for their losses by raising the prices of their products for consumers. Here is a visual explanation: Before the implementation of tariffs: 🏭 $10 to produce and ship an imported t-shirt to the U.S. ➡️🏪 retailer sells to customers for $15 ($5 profit)➡️ 👫customer pays $15 After the implementation of tariffs: 🏭 $12 to produce and ship an imported t-shirt to the U.S. (⬆️20% tariff) ➡️🏪 retailer sells to customers for $17 (to maintain profit)➡️ 👫 customer pays $17.
Additionally, Tariffs aren’t an effective way for the U.S. to get its foreign loans back. The best way, would be through trade agreements. An example of this could be the U.S. accepting natural resources as repayment for loans.
How can you buy American when majority of consumers goods are made over seas.We lost our manufacturing ability years ago.Most Americans cannot afford expensive American and European goods.We're only good at manufacturing expensive weapons of war.
Misinformation? If you check the CBS website, sources of their information is provided for transparency and for users who wish find further information on topics.
Aussie here, Today I was shopping and I was shocked to see 5 kilo potatoe bag for $12.99 when I was paying $1.99 Yep, everything starts from 5.99 > I totally agree.
If Americans would stop eating processed foods and going out to eat, and just learn how to budget for quality food then things could change. The grocery narrative is getting to be a poor excuse. There are bigger things at stake. But Trump is back, and we have bigger issues to repair other than groceries. Trump 2024!
Cant we just make it ourselves and not worry About Tariffs ! We need To sell to Build the Best and the Highest Quality and thats what people Buy ..Stuff that last
It’s understandable to think that America could boost domestic production to mitigate the impact of tariffs. However, the materials required to manufacture domestic items and the factories that produce them are predominantly imported. According to the latest WITS report, in 2022 alone, the United States imported 4,512 products from 223 countries across 20 product groups. The top three most expensive product groups are: 1. Consumer Goods: $1,224,607,366.03 (primarily sourced from China, Mexico, and Canada) - 36.31% 2. Capital Goods: $1,129,509,300.37 (primarily sourced from China, Mexico, and Japan) - 31.73% 3. Machine & Electronics: $952,749,843 (primarily sourced from China, Mexico, and Vietnam) - 20.39% The various subcategories within these product groups cannot be produced at the same pace or cost as they currently are due to the exploitation of labor in other regions. US companies are reluctant to pay their workers high wages and provide healthcare benefits when they could have satisfied their needs by importing products or materials at a significantly lower cost. Therefore, they have no choice but to continue importing their products and materials while passing on the tariffs to consumers through higher product prices. This strategy allows them to recoup the losses incurred when their goods were subject to taxes upon arrival.
It’s understandable to think that America could boost domestic production to mitigate the impact of tariffs. However, the materials required to manufacture domestic items and the factories that produce them are predominantly imported. According to the latest WITS report, in 2022 alone, the United States imported 4,512 products from 223 countries across 20 product groups. The top three most expensive product groups are: 1. Consumer Goods: $1,224,607,366.03 (primarily sourced from China, Mexico, and Canada) - 36.31% 2. Capital Goods: $1,129,509,300.37 (primarily sourced from China, Mexico, and Japan) - 31.73% 3. Machine & Electronics: $952,749,843 (primarily sourced from China, Mexico, and Vietnam) - 20.39% The various subcategories within these product groups cannot be produced at the same pace or cost as they currently are due to the exploitation of labor in other regions. US companies are reluctant to pay their workers high wages and provide healthcare benefits when they could have satisfied their needs by importing products or materials at a significantly lower cost. Therefore, they have no choice but to continue importing their products and materials while passing on the tariffs to consumers through higher product prices. This strategy allows them to recoup the losses incurred when their goods were subject to taxes upon arrival.
Tariffs are also to help bring back jobs to the USA. There is a lot of people on the government free as in welfare, snap and other free stuff from the government that you the tax payer and funding. They will be able to go back to work to provide for their families.
That’s actually not true. In essence, tariffs are essentially import taxes, not export taxes. The companies importing products like technology, manufacturing parts, agriculture, medical equipment, and so on, INTO the US will be obligated to pay the tariffs. Regrettably, given the current state of modern capitalism, these companies will seek to compensate for their losses by raising the prices of their products for consumers.
We’ll be ok. Trump is a deal maker and a threat of tariffs is start. It may help lift tariffs on U.S. goods and stop subsidized dumping from other trading partners. Trade wars are ubiquitous.
Well, then theres the goal. We need to grow production for inland goods to the tune of 3 trillion. Quit your bxtching and get to work. Yall never cover the geowth that will exceed that. Were not trying to catch up...were trying to decrease the whole debt
What’s crazy? The economy is about to collapse over reckless spending from Biden admin and then just printing money like it’s water. Democrats have no sense where it comes to economy, we may not pull out of this and could go into a deep depression.
@@sixpackbinky You know that bringing manufacturing back to the US is going to increase costs, right? There is a reason why businesses outsource to foreign manufacturing. Because they can get it cheaper in places like China. If they manufacture here in the US they will just pass the extra costs on to the consumers
Trump and musk r billionairs, they dont get rich by writing checks, lol, like bill gates, they will save america money put the poor will suffer more, well the rich get richer, nothing new in the course of history, at least God will be the final judge
I work for a retired Fortune 500 CEO he said the effects will take place in 2 years that there will be drastic downturn in the economy . He said insiders know to shift all matters over right now . We're hoping there will not be another housing market collapse , but we can't see how it can be prevented .... people pay off all your debts right now while you got a chance
America First is the best policy we could ever ask for.
Pray for God's grace and help for President Trump.
If you cut out the pork if you cut out the waste it will save billions of dollars
You're just saying buzzwords. Tariffs are going to cripple the economy. Trump is putting sanctions on the United States of America
@@johnmcdermid6478 As of the latest OEC report, in 2022 the U.S. imported $1.75 Billion dollars worth of pork, and exported $5.38 Billion dollars worth. This equals to a net trade profit of $3.63 Billion dollars. So it’s pretty clear that the amount of money spent on importing pork is significantly lower than the amount exported.
Seems to me if these companies don’t want the tariffs then come to America to manufacture. We want to start manufacturing back in America.
They dont wznt to pay the wages, or benifits or give workers breaks or holiday pays, they loose trillions in profits, think of china or veit nam, with no labor laws or belifite brakes.
The consumer pays the tariffs!
@@marksanchez7323 EXACTLY! I find it funny that people just don't get that.
If it were that simple then it would have worked the first time when Trump was president
@@yeoseotidle2290 it did work wages did go uppeople had more money-
I am hoping he will end all PROPERTY taxes, and INCREASE Social Security for those of us who really need it--especially for those of us trying to survive on only ONE Social Security Check!!
Oh you sweet summer child
@@bandog1361😅.
If the Trump Administration were to end all property taxes, the money lost would negatively affect local government revenue since property taxes are a major source of funding for schools, police, fire departments, and infrastructure. Additionally, the government might need to raise other taxes (e.g., sales taxes or income taxes) to compensate for lost revenue, potentially shifting the tax burden.
I think Vivek, and Elon will eliminate a lot of Pork
Lol. They will be the pork.
Another note there will be a Decrease in Church Donations as people struggle to take care of their own families.
You can’t run a country on tariffs.
I hope that Trump will not overdo tariffs. Generally, free trade facilities more jobs and lower prices and higher quality. But not always. David Ricardo, the economist who championed free trade, observed that free trade will not work where capital or labor are highly mobile as they are today. So, tariffs are justified to prevent outsourcing but not simply to limit competition from similarly situated nations such as Europe and Japan where the workers are paid similar to Americans and their working conditions are similar. There is no incentive to move American companies to Sweden or France in order to take advantage of cheap labor or poor working conditions.
So, we need selective tariffs, not tariffs across the board.
I voted for Trump for me way more than the cost of living going down . I voted for a safe country, healthy food closed borders.
> WHAT DO I THINK < > So glad to see Trump BACK IN OFFICE. Can't wait till 20 January 2025.
Following Trump's election victory and it's positive impact on the market , my recently acquired home and also enjoying $93,000 bi-weekly profits from Bitcoin ETFs, life feels good 💯❤️God bless America 🇺🇸📈💪💯
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $60k in a meme coin for just few months sometimes lesser and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Cryptrading with a good broker-advisor, you could be sipping coffee on a balcony overlooking a bustling city skyline or lounging on a pristine beach, all while your investments work for you. Picture the freedom to pursue your passions, travel the world, and create lasting memories with your loved ones, all because you took the initiative to harness the power of copytrading and build the life you've always dreamed of
@@AslantechyI'm highly inspired.
Please spill some sugar about the bi-weekly stuff you mentioned
Madeleine Howells is to be thanked. My journey with her started after my best friend got back from New York and saw me suffering in dept then told me about her and how my life could change through her. Madeleine Howells is the kind of person one needs in his or her life! I got a home, a good wife, and a beautiful daughter. Note!:: this is not a promotion but me trying to make a point that no matter what happens, always have faith and keep living!! She's the best broker-advisor
If Donald told his supporters the sky was green his people would believe it
you know we wouldn’t tho
Did he just say consumers will pay more!!??
Yes, that’s how tariffs function. In essence, tariffs are essentially import taxes, not export taxes. The companies importing products like technology, manufacturing parts, agriculture, medical equipment, and so on, will be obligated to pay the tariffs. Regrettably, given the current state of modern capitalism, these companies will seek to compensate for their losses by raising the prices of their products for consumers.
Make products in the United States, create jobs, stop borrowing from other countries 😊
In the meantime though before that infrastructure is set up the tariffs are gonna raise prices since companies pass on the cost of importing to the consumer
Even when we have the manufacturing infrastructure the tariffs still will likely raise taxes since we’ll still have to import some raw materials not found/not plentiful in the us
You're delusional if you think manufacturering is coming g back to the us
@@pmpmpmpmpmpmpmRepublicans have this undying fascination and belief that America can return to the 1950s economy for some reason.
I’m sorry dear, manufacturing jobs are not coming back to the US or any rich western countries. No Americans wanted to lived on slave wages and none of western citizens wanted to pay more for an iPad. That’s the reason we send those jobs to China and India in the first place
Yea, manufacturing is not coming back to America!!
Tariffs are no a good idea.
Tariffs are a tax that the foreign company pays. What we have to do is get loans made to other countries paid back.
Tariffs are import taxes, not export taxes. U.S. companies that want to import foreign products like technology, manufacturing parts, agriculture, medical equipment, and so on, INTO the United States will be obligated to pay the tariffs. Regrettably, given the current state of modern capitalism, these companies will seek to compensate for their losses by raising the prices of their products for consumers.
Here is a visual explanation:
Before the implementation of tariffs:
🏭 $10 to produce and ship an imported t-shirt to the U.S. ➡️🏪 retailer sells to customers for $15 ($5 profit)➡️ 👫customer pays $15
After the implementation of tariffs: 🏭 $12 to produce and ship an imported t-shirt to the U.S. (⬆️20% tariff) ➡️🏪 retailer sells to customers for $17 (to maintain profit)➡️ 👫 customer pays $17.
Additionally, Tariffs aren’t an effective way for the U.S. to get its foreign loans back. The best way, would be through trade agreements. An example of this could be the U.S. accepting natural resources as repayment for loans.
Buy American.
Don’t buy what you don’t need, ever.
Govern me harder please. Tell me what to feed my family!
How can you buy American when majority of consumers goods are made over seas.We lost our manufacturing ability years ago.Most Americans cannot afford expensive American and European goods.We're only good at manufacturing expensive weapons of war.
CBN will never stop misinformation!!
So, NOW THE CHRISTIAN ARE LIARS😂😂😂😂, CBN, GOD IS WATCHING!❤❤❤❤
Misinformation? If you check the CBS website, sources of their information is provided for transparency and for users who wish find further information on topics.
If faster then it' great for America
Get the drug cartels money and all the government officials money from insiders trading 😊
Anything is better than Biden - I went to the grocery store- every item seemed to be $5 bucks , what ever I touched seemed to be at least $5
Aussie here, Today I was shopping and I was shocked to see 5 kilo potatoe bag for $12.99 when I was paying $1.99
Yep, everything starts from 5.99 > I totally agree.
Well it will get worse, and worse, and worse, and then thel will replace us with bots
If Americans would stop eating processed foods and going out to eat, and just learn how to budget for quality food then things could change. The grocery narrative is getting to be a poor excuse. There are bigger things at stake. But Trump is back, and we have bigger issues to repair other than groceries.
Trump 2024!
President Trump will make America great again.
Cant we just make it ourselves and not worry About Tariffs ! We need To sell to Build the Best and the Highest Quality and thats what people Buy ..Stuff that last
^most economically literate trump voter
It’s understandable to think that America could boost domestic production to mitigate the impact of tariffs. However, the materials required to manufacture domestic items and the factories that produce them are predominantly imported. According to the latest WITS report, in 2022 alone, the United States imported 4,512 products from 223 countries across 20 product groups.
The top three most expensive product groups are:
1. Consumer Goods: $1,224,607,366.03 (primarily sourced from China, Mexico, and Canada) - 36.31%
2. Capital Goods: $1,129,509,300.37 (primarily sourced from China, Mexico, and Japan) - 31.73%
3. Machine & Electronics: $952,749,843 (primarily sourced from China, Mexico, and Vietnam) - 20.39%
The various subcategories within these product groups cannot be produced at the same pace or cost as they currently are due to the exploitation of labor in other regions. US companies are reluctant to pay their workers high wages and provide healthcare benefits when they could have satisfied their needs by importing products or materials at a significantly lower cost. Therefore, they have no choice but to continue importing their products and materials while passing on the tariffs to consumers through higher product prices. This strategy allows them to recoup the losses incurred when their goods were subject to taxes upon arrival.
It’s understandable to think that America could boost domestic production to mitigate the impact of tariffs. However, the materials required to manufacture domestic items and the factories that produce them are predominantly imported. According to the latest WITS report, in 2022 alone, the United States imported 4,512 products from 223 countries across 20 product groups.
The top three most expensive product groups are:
1. Consumer Goods: $1,224,607,366.03 (primarily sourced from China, Mexico, and Canada) - 36.31%
2. Capital Goods: $1,129,509,300.37 (primarily sourced from China, Mexico, and Japan) - 31.73%
3. Machine & Electronics: $952,749,843 (primarily sourced from China, Mexico, and Vietnam) - 20.39%
The various subcategories within these product groups cannot be produced at the same pace or cost as they currently are due to the exploitation of labor in other regions. US companies are reluctant to pay their workers high wages and provide healthcare benefits when they could have satisfied their needs by importing products or materials at a significantly lower cost. Therefore, they have no choice but to continue importing their products and materials while passing on the tariffs to consumers through higher product prices. This strategy allows them to recoup the losses incurred when their goods were subject to taxes upon arrival.
Thats why i trust in God not in any man. Jesus is king no other even close.
Prepare for things to become exspensive in Canada Canada needs to start making industry in Canada produce their products
BLAH, BLAH, BLAH...
Tariffs are also to help bring back jobs to the USA. There is a lot of people on the government free as in welfare, snap and other free stuff from the government that you the tax payer and funding. They will be able to go back to work to provide for their families.
That’s actually not true. In essence, tariffs are essentially import taxes, not export taxes. The companies importing products like technology, manufacturing parts, agriculture, medical equipment, and so on, INTO the US will be obligated to pay the tariffs. Regrettably, given the current state of modern capitalism, these companies will seek to compensate for their losses by raising the prices of their products for consumers.
We’ll be ok. Trump is a deal maker and a threat of tariffs is start. It may help lift tariffs on U.S. goods and stop subsidized dumping from other trading partners. Trade wars are ubiquitous.
Cost comes down or they quit making it things are already unaffordable
Would you talk about the migrants crisis and how much the government spends on them ?!
You people really hate Trump so much, that you are actually advocating for higher taxes? This is hilarious
Amen! God smiled on us twice now 😂 we need like 2 billion Trumps to get the world on track! That would be too much to ask tho
Malachi 3 😇🙏🙏🙏🙏🙏🙏🙏🙏
Well, then theres the goal. We need to grow production for inland goods to the tune of 3 trillion. Quit your bxtching and get to work. Yall never cover the geowth that will exceed that. Were not trying to catch up...were trying to decrease the whole debt
Wow crazy talk. I don’t see anything drastic taking place
He wants to bring back manufacturing to US
@ Yeah but we will have to wait and see what can be done here. Time will tell
What’s crazy? The economy is about to collapse over reckless spending from Biden admin and then just printing money like it’s water. Democrats have no sense where it comes to economy, we may not pull out of this and could go into a deep depression.
It's glorious to see and American is president! Tired of the anti-Americans!!
@@sixpackbinky You know that bringing manufacturing back to the US is going to increase costs, right? There is a reason why businesses outsource to foreign manufacturing. Because they can get it cheaper in places like China. If they manufacture here in the US they will just pass the extra costs on to the consumers
Tariffs didn’t effect us during his first administration.
Yeah they did. They made steel, lumber, and washing machines more expensive and crippled our soybean exports.
@@marksanchez7323 Most the left are to ignorant to know Biden kept most of trump's past tariffs in place and added to them.
Its just matter of time the white house b smelling of curry. Make america back to america.
What?????
NOT SO, IDIOTS, TARIFFS, FOR FOOD, BUILDING AMERICA FACTORY FIRST , TO STOP HIGH JACKING SHIPS, OR HIGHER PRICES FOR AMERICA. LOT OF DELAYS.
I heard Social Security will be gone after a few months
Trump and musk r billionairs, they dont get rich by writing checks, lol, like bill gates, they will save america money put the poor will suffer more, well the rich get richer, nothing new in the course of history, at least God will be the final judge
Raise taxes… lmao. It gets added to consumer.
*Jesus does not approve of rich fake Christian hypocrites. Give away all of your worldly possessions fools*