Labor majority government wrote on Nov 6^th, 2024 at 10:06pm:


Also a rapist and convicted felon.

And Frank says he stole the election by rigging it.

His exact quote: "Of course it's rigged. Everyone knows it's rigged."

If he slaps a 60% tariff on China as he has promised I'm fascinated how that can be good for Australia,  over to you guys

Sprintcyclist wrote on Nov 7^th, 2024 at 7:52am:


You've become a moron.


https://www.whitehouse.gov/briefing-room/statements-releases/2024/05/14/fact-she...

https://edition.cnn.com/2024/09/13/politics/china-tariffs-biden-trump/index.html

Study after study, including one from the federal government’s bipartisan US International Trade Commission, have found that Americans have borne almost the entire cost of Trump’s tariffs on Chinese products.

From your link again

greggerypeccary wrote on Nov 6^th, 2024 at 10:25pm:


Everyone says hes the best at rigging elections.

Spot

Labor majority government wrote on Nov 6^th, 2024 at 10:06pm:


It's almost impossible to have a genuine, good-faith discussion about his tariff plans, especially amid the triumphalism following Trump's win. But I'll give it a go.

The fundamental issues are twofold: either he doesn’t understand how tariffs function, or he does, and is banking on the fact that his supporters don’t, allowing him to mislead them for personal and political gain.

Tariffs can indeed play a role in shielding certain local industries from cheaper foreign imports. However, this isn't how he intends to use them.

Trump’s approach involves cutting corporate taxes and reducing taxes for high-income earners, funded by imposing blanket tariffs on all imports, with rates as high as 60% on Chinese imports. He suggests that foreign countries will shoulder these tariffs, offsetting the tax cuts for the wealthy.

But here’s the truth: it’s the American consumer, not China or any other exporting nation, who ultimately pays these tariffs. This strategy will lead to higher prices across the board, spiking inflation and pushing up interest rates.

And who bears the brunt of these price hikes? Trump's own base, largely working and middle-class Americans who will feel the impact most acutely. They'll be left footing the bill for tax breaks to the rich while paying more for almost everything they buy.

For a more thorough breakdown, it's explained well here:



This is what we can expect if Trump enacts his tariffs as he outlined before the election.

Of course, he might change course when it comes to implementation, but then, did people actually vote for that?

It seems to depend on whom you ask. For some, a vote or referendum simply means whatever they want it to mean.

Who cares about the reality, after all?

Gordon wrote on Nov 7^th, 2024 at 8:13am:


Thanks Gordon, that helps prove my point.

The problem isn't with tariffs as a tool used by the government.

The problem is how Trump intends to use them, or doesn't understand them, or both.