Economist sets record straight over tariff impact on unemployment

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  • Опубліковано 17 лис 2024

КОМЕНТАРІ • 73

  • @EmJhay-b2w
    @EmJhay-b2w 29 хвилин тому +3

    The consumer is definitely going to foot the bill

  • @crush9197
    @crush9197 Годину тому +7

    We will see in a few months who is right and who is wrong

  • @Freedomring-uk6yd
    @Freedomring-uk6yd Годину тому +6

    higher costs to consumers on imported goods will kickstart American entrepreneurism ... means jobs & American made

  • @lingth
    @lingth 2 години тому +7

    So China will be willing to Pay the higher Tariff to ship to USA, and not pass the price hike to consumers?? Wait i am not an economic student but that sounds ridiculous.

    • @Jonathan-mw1wq
      @Jonathan-mw1wq Годину тому +4

      No, China pays nothing. Tariffs are imposed by the POTUS to deter US manufacturers and sellers from buying from a specific country. In this case, the POTUS does not want us buying anything from China so he puts a tariff on all goods/services from that nation. China pays nothing...nothing at all. The US pays the tariff. There are usually three ways to pay a tariff: 1. The importer/seller pays for the tariff in whole (never happens). 2. The importer/seller pays some of the cost of the tariff and passes the remaining to the consumer (more likely) 3. The importer/seller passes the entire cost of the tariff to the consumer (most likely). The consumer is you and I. China pays nothing. FYI, nearly 20% of goods and services come from China. That is at least a 20-100% increase on those products as that is what Trump has said he will tariff those goods.

    • @The1stDukeDroklar
      @The1stDukeDroklar 59 хвилин тому

      @@Jonathan-mw1wq Wrong. The manufacturers price to the exporter/importer comes into play. They are not the only game in China and must compete with other manufacturers to make bulk sales to importers. One company may absorb a small amount to gain larger sales to importers. Another company will eat a little more so it can do the same thing and so on and so on. Normal market forces apply.
      China does pay, in multiple ways. It increases its subsidies to its companies in order to stay competitive with other nation's products and maintain market share. It also pays in a lower economy. China already does this to increase its market share.

    • @JohnHallett5846isaPrick
      @JohnHallett5846isaPrick 34 хвилини тому +1

      ​@@The1stDukeDroklar😂😂😂Hilarious, that was total nonsense but thanks for giving it a go, great comedy.

    • @The1stDukeDroklar
      @The1stDukeDroklar 27 хвилин тому

      @@JohnHallett5846isaPrick So you claim that manufacturers in China do not compete against one another for sales to importers? Well that exposes your lack of understanding on the subject.

    • @et34t34fdf
      @et34t34fdf 23 хвилини тому +1

      @@The1stDukeDroklar You don't qualify as an actual person though.

  • @Abdominal65
    @Abdominal65 2 години тому +13

    If foreign nations want to avoid tariffs, they can avoid them by manufacturing in the U.S.

  • @federalistpapers4523
    @federalistpapers4523 3 години тому +12

    *The USA flourished economically on tarriffs, until income tax was (temporarily- hahaha) put in place to pay off the war between the states.*

    • @blintzkreig1638
      @blintzkreig1638 2 години тому

      The Civil war had been over for over 40 years before the income tax was created. So it wasn't because of the civil war.

    • @MrSardoc1
      @MrSardoc1 2 години тому +2

      There's an old saying and it goes like this. "Nothing, absolutely nothing is more permanent than a temporary solution".

    • @mylamberfeeties875
      @mylamberfeeties875 2 години тому

      When did Biden ever use the word temporarily 😂 cuz he never side it was temporary

    • @MYJEWISHLAMPSHADES
      @MYJEWISHLAMPSHADES 2 години тому

      EVERYTHING THATS GOING ON WAS PLANNED.
      TRY TO RELAX AS THE FOUNDATIONS OF THE FUTURE SETTLE.

    • @colinhead8118
      @colinhead8118 2 години тому +2

      Oh really. Like farmers didn't go bankrupt. 😮
      Like Trump didn't have to prop some up with over 20 billion of taxpayers money. 😅.
      But do tell your funny story. 😊

  • @darkdan3379
    @darkdan3379 5 хвилин тому

    Save your money you will need it...

  • @mrobinson
    @mrobinson Годину тому

    That Petrr guy id a genius!

  • @melanieevans5597
    @melanieevans5597 2 години тому +1

    Tarrifs must be accompanied by a resurgence in domestic production to have an impact. The tarrifs once in place will allow job creation which will boost local industries. The idea of economists indirectly admitting that the panacea for low priced goods is to keep tarrifs on China low , is actually admitting failure . The US cannot sustain itself for ever as a major supermarket instead of a leading producer. The idea of job losses through not accepting cheap goods is preposterous as the retail sector cannot employ like the productitive sectors, synergies in the productive sectors are the driving forces in economies , e.g the transport , agriculture , the retail sectors, energy and chemical sectors e.t.c are invigorated through the productive sectors . The question that US economists need to answer is how many jobs have been exported, we can start by quantifying these losses including the huge trade deficit.

    • @The1stDukeDroklar
      @The1stDukeDroklar 57 хвилин тому

      No, that's only required to impact American jobs and businesses. They have an impact in other ways like driving manufacturing to more friendly countries. Harms the target country's economy.

  • @IbrahimKone-ix4qi
    @IbrahimKone-ix4qi 7 хвилин тому +2

    !!!I already own shares of NVDA and PLTR. I'll also add TSLA to my portfolio. But I'd like suggestions on long-term opportunities to explore that could make solid additions to my $260k portfolio for stable cashflow.

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      @HaholBarton 7 хвилин тому

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      @AnastasiaAngelinaPetrova 7 хвилин тому

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    • @HaholBarton
      @HaholBarton 6 хвилин тому

      I don't really blame people who panic. Lack of
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      making more than $200k passively by just
      investing through an advisor, and I don't have
      to do much work. Inflation or no inflation, my
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      @AnastasiaAngelinaPetrova 6 хвилин тому

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    • @IbrahimKone-ix4qi
      @IbrahimKone-ix4qi 6 хвилин тому

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  • @omonkkonen6676
    @omonkkonen6676 2 години тому +4

    Diplomacy is never one way street. If US set tariffs to China then be sure China will make their move too which hurts US as much. Action and reaction. It is loose loose game

    • @orirosengarten2572
      @orirosengarten2572 2 години тому +3

      You see, there is only one constant, one universal, it is the only real truth: causality. Action. Reaction. Cause and effect.

    • @amandahuginkiss4098
      @amandahuginkiss4098 2 години тому +2

      It's a loose loose game is it? Let me guess, you have a grade 1 education? Cause by grade 2 most people know the difference between "lose" and "loose".

    • @The1stDukeDroklar
      @The1stDukeDroklar 56 хвилин тому

      It's a bit more complicated than that lol.

  • @MYJEWISHLAMPSHADES
    @MYJEWISHLAMPSHADES 2 години тому +2

    😅

  • @flora8525-y6k
    @flora8525-y6k 51 хвилина тому +2

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      @flora8525-y6k 50 хвилин тому

      If you don't find a means of multiplying your income you will wake up one day to realize you didn't plan..

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      @SamuelMiracle-f9h 47 хвилин тому

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      @SamuelMiracle-f9h 47 хвилин тому

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      @flora8525-y6k 44 хвилини тому

      She mostly interacts on Telegrams, using the user-name,

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      @flora8525-y6k 44 хвилини тому

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  • @DrewMills-c2k
    @DrewMills-c2k 2 години тому +1

    have never heard of as much garbage in my life, that simple eh, could be a couple of issues with that, and what pisses me off is you know it.
    typical fox would like to hear the negative sides of it

    • @carlFIELD-pj9ej
      @carlFIELD-pj9ej Годину тому

      He said if done correctly.... lets see what happens

  • @mrong5815
    @mrong5815 2 години тому +4

    Tis guy is really rubbish..never heard of such as tariffs will not cause inflation 😅

    • @mylamberfeeties875
      @mylamberfeeties875 2 години тому +8

      😂 funny cuz Trump did it before YEARS ago and we hardly noticed but hey a billion dollars is nothing kamala lost 1.5 billion in 6 weeks 😉 😜

    • @MrSoulsFull
      @MrSoulsFull 2 години тому

      the democrats kept Trump's previous tariffs in place.

    • @srji489
      @srji489 2 години тому

      Printing money out of thin air and using it for foreign wars and on welfare for illegals causes inflation too

    • @MYJEWISHLAMPSHADES
      @MYJEWISHLAMPSHADES 2 години тому +1

      HES....🇮🇱

    • @amandahuginkiss4098
      @amandahuginkiss4098 2 години тому +2

      @@mylamberfeeties875 He also lowered taxes which offset a lot of the bad effects, but yes tariffs are generally bad. They make companies profitable through government help instead of innovating. With time the effects become more severe.

  • @youaintsayianshytt1214
    @youaintsayianshytt1214 2 години тому +3

    75 million facist 😂 dont womp over higher prices lmao