If we raise tariffs more, we can give the "JCs" another tax cut

Investment Analysis Clubs Macro Economic Trends and Risks
1

On “liberation day” the baseline tariff for countries that do not displease his nibs was 10%. Now, it’s 15%

Steve

1 Like
2

So, will that increase tariff revenues by 50%?

DB2

3

No. As somebody said, if you increase the price you get less of it, so an increased tariff does not automatically equate to the same percent increase in revenues.

I wonder who said that?

5 Likes
4

Any thoughts/estimates on what the increase would be?

DB2

5

No one knows. It all depends on Donald’s daily big feelings.

2 Likes
6

We should probably understand that tariff revenue will be increased as much as needed, to give the “JCs” a free ride. Between that endpoint, and now, we get the boiled frog treatment.

Steve

2 Likes
7

Ripped from the headlines

The agreement — still being finalized — would reportedly lower tariffs on automobiles from 27.5% to 15% and waive duties on select goods such as aircraft, spirits, and medical devices. However, the EU is also keeping a €93 billion retaliatory tariff package on standby in case talks break down before the August deadline.

So, the big three reach for the Maalox again. They are getting the opposite of what they paid for. Instead of Japanese and EU cars tariffed out of the US, they are welcomed at only 15%, while the big three’s own products from Mexico are taxed more heavily.

Steve

8

And what will that quasi-tax do to inflation and economic growth?

9

You’re missing the point. The objective is to take away from the Proles, and give more to the “JCs”. The impact on the country, overall, is as irrelevant as the long term prospects of a company that a PE group has gotten it’s hooks into.

Steve

2 Likes