The bottom line is increased poverty in the US. People in the lower middle class dropping into the lower class. Great for no one, not even the manufacturers who will have less buyers.
I am a Japanese citizen, and in our history classes, we learned that during the Great Depression of 1929, major powers imposed tariffs on foreign products to protect their domestic economies. Generally, tariffs are used as a tool to block foreign products from entering domestic markets. However, it seems to me that President Trump’s approach to tariffs was focused on generating revenue through these tariffs. If tariffs are imposed on foreign products, wouldn’t the U.S. face a decrease in imports, leading to fewer goods in the market, which could result in inflation? Moreover, wouldn’t reduced imports lead to lower tax revenues, worsening the national budget? This seems like a scenario that could put the U.S. economy in a difficult position. I am not an economist, just an ordinary person. However, I find it hard to believe that the people responsible for managing the U.S. economy have not considered such possibilities. If my understanding is flawed, I would appreciate someone explaining where I am mistaken. I do not wish for the U.S. to become poorer-I am simply seeking a logical explanation supported by evidence or reasoning to understand why tariffs might be beneficial for the U.S. economy.
It turns out that our government makes $0 from tariffs. The burden is on the importer who passes it on to the consumer. You’re correct in everything you point out. We know these things but the new government knows nothing except how to run a family business.
@@marketads1 Not quite correct. The government _does_ make money because tariffs are a tax. "The government" does not know how to run a family business. Trump failed repeatedly in his attempts to import his father's real estate successes into Manhattan.
@@marketads1 I find your point very unfortunate. President Trump had said that he aimed to "Make America Great Again," but I believe the title gained by imposing tariffs on foreign products would be "America Dependent on Foreign Products." The reason is that, while tariffs might bring in profit in the short term, foreign products will become more expensive in the U.S. within a few months due to the tariffs. This will likely lead to a drop in sales for foreign companies in the U.S. As a result, foreign companies may no longer see America as an attractive market. Even if foreign products with high tariffs become popular and their imports into America increase, filling the U.S. Treasury through tariffs, it would not be America that is impressive, but rather the foreign products that became so popular. In this situation, America would simply be benefiting from the success of foreign companies. To put it bluntly, this would be like a homeless person begging for money from someone who has worked hard to become rich. I believe President Trump should realize this fact and stop imposing high tariffs for the sake of America's industry and reputation.
American Consumers WILL HAVE TO PAY UP....if TARIFFS BEGIN. ...NOT THE COUNTRIES...PRICES WILL INCREASE TO COVER THE TARIFFS AND CONSUMERS WILL PAY UP.
So what? Even if it’s true… he is an economist, he knows his stuff, and he is a Nobel prize winner. This doesn’t preclude him having made an untrue prediction. But returning to the conversation in this video, it makes really good sense to ask why would the Orange change everything and shake things up with tariffs when the economy goes great now… like Krugman says, just let it go on autopilot and you are golden. WHY F UP EVERYTHING??? Unless you are batshit crazy, enjoy the cruelty of pushing millions more into poverty while grifting some billions off their backs.
The thing with tariffs is that they're currently the only politically palatable form of tax that there is. We can either finance the government through Fed money printing or we can start to reduce the deficit with tariffs. There's no free lunch.
@@DaveBrown-123 Who's going to do it? Biden definitely didn't. I don't see Trump doing that either. And I don't see any such tax increase getting through congress.
Tariffs aren’t any kind of tax. They just make all products across the supply chain more expensive. Poverty as far as the eye can see and high, high inflation. The same people who always pay taxes will continue to pay.
That’s not the bottom, bottom line. The bottom, bottom line is increased poverty in the US. People in the lower middle class dropping into the lower class. Great for no one, not even the manufacturers who will have less buyers.
Bottom line is. Companies will go where labor and salaries and union constraints are non existent. The periphery around China . The labor market in US is not cost effective even as much MAGA obfuscate . The avrage American is a stranger to hard and repetitive menial exploitative employment .💰
@@YankaBakasci China is still at 775 billions, Japan is 1.15 trillions, Uk 730 billion, cayman fiscal paradise 500 billion, same with luxembourg which is another offshore bank outfit
Why do we as a nation allow a single individual to play with the economy at all. This is a form of insanity.
I am no legal scholar but what I learned in civics class is that Congress had the power of the purse, budget and trade.
The bottom line is increased poverty in the US. People in the lower middle class dropping into the lower class. Great for no one, not even the manufacturers who will have less buyers.
Why would we listen to a Noel Prize winner , when we got Trump ?
I am a Japanese citizen, and in our history classes, we learned that during the Great Depression of 1929, major powers imposed tariffs on foreign products to protect their domestic economies. Generally, tariffs are used as a tool to block foreign products from entering domestic markets. However, it seems to me that President Trump’s approach to tariffs was focused on generating revenue through these tariffs.
If tariffs are imposed on foreign products, wouldn’t the U.S. face a decrease in imports, leading to fewer goods in the market, which could result in inflation? Moreover, wouldn’t reduced imports lead to lower tax revenues, worsening the national budget? This seems like a scenario that could put the U.S. economy in a difficult position.
I am not an economist, just an ordinary person. However, I find it hard to believe that the people responsible for managing the U.S. economy have not considered such possibilities. If my understanding is flawed, I would appreciate someone explaining where I am mistaken. I do not wish for the U.S. to become poorer-I am simply seeking a logical explanation supported by evidence or reasoning to understand why tariffs might be beneficial for the U.S. economy.
It turns out that our government makes $0 from tariffs. The burden is on the importer who passes it on to the consumer. You’re correct in everything you point out. We know these things but the new government knows nothing except how to run a family business.
@@marketads1
Not quite correct. The government _does_ make money because tariffs are a tax.
"The government" does not know how to run a family business. Trump failed repeatedly in his attempts to import his father's real estate successes into Manhattan.
@@marketads1 I find your point very unfortunate. President Trump had said that he aimed to "Make America Great Again," but I believe the title gained by imposing tariffs on foreign products would be "America Dependent on Foreign Products."
The reason is that, while tariffs might bring in profit in the short term, foreign products will become more expensive in the U.S. within a few months due to the tariffs. This will likely lead to a drop in sales for foreign companies in the U.S. As a result, foreign companies may no longer see America as an attractive market.
Even if foreign products with high tariffs become popular and their imports into America increase, filling the U.S. Treasury through tariffs, it would not be America that is impressive, but rather the foreign products that became so popular. In this situation, America would simply be benefiting from the success of foreign companies.
To put it bluntly, this would be like a homeless person begging for money from someone who has worked hard to become rich. I believe President Trump should realize this fact and stop imposing high tariffs for the sake of America's industry and reputation.
Trump will used the U.S as a trump tower business and he dosent care for the normal low income American let’s be truthful …
Don’t interrupt your enemy when they are making a mistake
American Consumers WILL HAVE TO PAY UP....if TARIFFS BEGIN. ...NOT THE COUNTRIES...PRICES WILL INCREASE TO COVER THE TARIFFS AND CONSUMERS WILL PAY UP.
Inflation will rise
This is his trademark of 6th times bankruptcy... he is going for his 7th... good luck
True
Quick primer for the uninitiated…back in the day Krugman said the internet would have no real impact on our lives!
Love to hear all your wrong predictions….?
@jacobjorgenson9285 you'll wait a long time, I've never been wrong
@@alexshawwest Well then, You are a legend in your own mind huh?🤣🤣🤣
So what? Even if it’s true… he is an economist, he knows his stuff, and he is a Nobel prize winner. This doesn’t preclude him having made an untrue prediction.
But returning to the conversation in this video, it makes really good sense to ask why would the Orange change everything and shake things up with tariffs when the economy goes great now… like Krugman says, just let it go on autopilot and you are golden. WHY F UP EVERYTHING??? Unless you are batshit crazy, enjoy the cruelty of pushing millions more into poverty while grifting some billions off their backs.
Krugman makes the right call about 50% of the time. That’s pretty good for an economist.
Imagine how well you would have done if you had that rate ?
Sweden number1 happiness index last year it was Denmark. Capitalism is not working anymore.
Capitalism works. Unregulated capitalism is the US.
The inflation king, fine job your policy recommendations, how to ruin an economy in record time, find another job.
Inflation? What inflation?
Lies from you.
krugman is not a distinguished economist but a book keeper could figure it out
there's lot of bookkeepers around Trump that couldn't figure it out it seems....
And you are who to have such an expert opinion? maga or Russian troll?
@@yestohappiness2721 nah just 35 years in international trade...
The thing with tariffs is that they're currently the only politically palatable form of tax that there is. We can either finance the government through Fed money printing or we can start to reduce the deficit with tariffs. There's no free lunch.
What about taxing the rich and big corporations?
@@DaveBrown-123 Who's going to do it? Biden definitely didn't. I don't see Trump doing that either. And I don't see any such tax increase getting through congress.
@@ISpitHotFiyaaso true! Unfortunately 😢
@@DaveBrown-123. You’re so right! Biden couldn’t do it because of Trump and MAGA and now MAGA is free to run the country into the ground.
Tariffs aren’t any kind of tax. They just make all products across the supply chain more expensive. Poverty as far as the eye can see and high, high inflation. The same people who always pay taxes will continue to pay.
because he's insane ;)
*let's millions of people cr!p walk across our border
"Why is he doing this to them?:
He needs cheap labour for his mansion. They exploit undocumented workers.
Liar
USA USA USA 🇺🇸🇺🇸🇺🇸
??? You clap at stupidity in our leaders? tariffs - why????? For no reason, just to enrich the top class and throw the rest 98% into poverty
Well, botton line. Companies Will come Back from China. Great!
That’s not the bottom, bottom line. The bottom, bottom line is increased poverty in the US. People in the lower middle class dropping into the lower class. Great for no one, not even the manufacturers who will have less buyers.
Bottom line is.
Companies will go where labor and salaries and union constraints are non existent. The periphery around China .
The labor market in US is not cost effective even as much MAGA obfuscate . The avrage American is a stranger to hard and repetitive menial exploitative employment .💰
no they wont, china nearly owns 1 trillion of the US debt, if they dump that debt on the market , the US is pretty much over
@paullylasagna2151.
China has been selling off
the US debts bonds.
Not the whole figure you quoted, but they've been selling off nonetheless.
@@YankaBakasci China is still at 775 billions, Japan is 1.15 trillions, Uk 730 billion, cayman fiscal paradise 500 billion, same with luxembourg which is another offshore bank outfit