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/cgi-bin/YaBB.pl General Category >> Politics, Religion (Tall Table) >> What tariffs are really doing... /cgi-bin/YaBB.pl?num=1754658294 Message started by Needles on 08/08/25 at 06:04:54 |
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Title: What tariffs are really doing... Post by Needles on 08/08/25 at 06:04:54 Meanwhile in Canada tdSenropso8m1971076cft3flug9t6u8l708m14mh6ha2i970f8f873h12u0 · Read what a US aluminum manufacturer has to say about the reality of Trump's tariffs: "We are the kind of company that should be thriving under President Trump’s tariffs. At Wisconsin Aluminum Foundry, we melt aluminum and cast it into precision parts for trucks, medical equipment and satellites at our facilities across the northern Midwest. Our inputs are sourced locally. Our labor is old-fashioned American industrial grit. Our customers are national champions of industry. We are the poster child for the type of company the president seeks to support. In theory, the steel and aluminum tariffs imposed under Section 232 of the Trade Expansion Act should boost our production. Reality has turned out to be different. When Trump won the election, like many manufacturers, we were hopeful. The prior two years had brought shrinking demand for manufactured goods. The morning after the election, I sent a gushing note to employees saying that while I had voted differently, I was excited for what might come. Tariffs could spur reshoring. Tax cuts and deregulation might lift business sentiment. As we waited for clarity on the president’s policies, I wrote in a LinkedIn post that it felt like metal manufacturing in America was on the cusp of renewed vitality. Six months into his presidency, that optimism has faded. U.S. manufacturing has stalled, input costs from tariffs are rising at the fastest rate in nearly two years, business investment has slowed and demand readings hover at contraction levels. What became clear when the president finally announced his tariff policy is that it lacks any genuine understanding of the businesses it claims to support. A few weeks ago, I joined 15 other industrial CEOs for a meeting in Washington, D.C. We hosted one of the top congressional Republicans. She began by saying she meets with the president two or three times a week and that he remains firmly committed to the tariffs he launched on “Liberation Day.” It was meant to be reassuring. It wasn’t. Her comments landed with a thud. The room, filled with manufacturing executives from across the country — including the CEO of one of the largest Wisconsin manufacturers, many of them longtime conservatives — went silent. After she left, one CEO turned to me and said, “Wow, that was frosty.” The sentiment wasn’t anger; it was disorientation. What should have been a home-field crowd felt anything but. These are the people the policy is supposed to help. And yet none of us supported the tariffs. Not even a company like ours, which arguably benefits the most. Even the venerable National Association of Manufacturers opposes the tariffs. It may surprise you to learn that our voices aren’t part of the conversation. The tariff policies are increasingly looking like the misguided conviction of one person: the president. Even among his political allies, there is no real support. Congress has taken no action to codify this approach into law. Instead, the future of the tariffs is being fought over in courtrooms. Seemingly, there is no serious constituency behind this policy other than President Trump himself. The deeper irony is this: We’ve always said uncertainty is bad for business. But at this point, the bigger fear is that the uncertainty might end, and we’ll be left with certainty around bad policy. We saw it again May 31, when Trump doubled the Section 232 aluminum tariffs from 25% to 50%. The stated goal was to revive domestic smelting. But since he first launched aluminum tariffs in 2018, one U.S. smelter has shut down and two more have gone idle. Not a single new smelter has broken ground. Why would they? Building one costs $4 to $6 billion and takes five years. And in an energy-intensive industry like ours, no company is going to make that bet without a long-term national strategy to produce lower-cost electricity. Meanwhile, aluminum costs have spiked. The Midwest premium has nearly tripled this year, putting pressure on every industry that relies on aluminum, from automakers to aerospace suppliers. Customers are putting programs on hold. Costs are up. Demand is falling. We recently announced layoffs at our plants in Indiana and Iowa, the first time we’ve reduced headcount after a year of steady growth. This is what a flawed policy looks like on the ground. One of our customers in Florida builds power equipment for AI data centers. He approached us to reshore a casting program currently being produced in Canada. In theory, the tariffs should have made our offer more attractive. But when we submitted our quote, we couldn’t come close. The very tariffs meant to help us had raised input costs to the point that we were no longer competitive. This is the complexity the current policy refuses to acknowledge. Manufacturing supply chains are deeply interconnected. You can’t bludgeon one link in the chain and expect the rest to fall into place. Tariffs can be useful. But they are not a substitute strategy. What we need is a clear national industrial policy, one that identifies sectors vital to our economic and national security, and then supports them with targeted tools: public investment, tax credits, workforce development, R&D — and yes: tariffs, too. At Wisconsin Aluminum Foundry, we’ve expanded our capacity, acquired new capabilities and hired hundreds of workers in the past few years. We’re ready to keep investing. We need policymakers to match our seriousness. That means articulating long-term goals and creating the conditions for domestic industry to compete fairly, strategically and sustainably. If even a company like ours, the supposed winner from tariffs, is struggling to find a benefit, it’s time to ask: Who, exactly, is this policy helping?" |
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Title: Re: What tariffs are really doing... Post by Eegore on 08/08/25 at 06:28:53 Other than the castings what does this have to do with Canada? https://www.insightonbusiness.com/insightonmanufacturing/articles/coverstory/trading-perspectives/article_d14c5d4d-5800-421e-a314-0757f575ceb7.html#tncms-source=article-nav-prev |
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Title: Re: What tariffs are really doing... Post by MnSpring on 08/08/25 at 07:23:25 4D6666676F6670030 wrote:
Can you comprehend the meaning of those two phrases ? Then can you read between the lines, and learn, his Quote, most probably, (as a DEM Voter), was VERY HIGH ! |
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Title: Re: What tariffs are really doing... Post by WebsterMark on 08/08/25 at 07:33:25 The point of tariffs is to force a more open and assessable global market for American goods or to force more manufacturing into the US. Those things will take time. My company is incorporating a price increase on certain goods that come from overseas today as a matter of fact. Yes, our customers will pay more. The long-term way around that is for US manufacturing to step up and fill in the gap or for those other countries to lower their tariffs on the US and open air market, which we will respond, intern, with lower tariffs on their products. The thing, I always find interesting is you leftist cry about how tariffs will increase costs and are essentially a tax on American consumers, yet you demand ridiculous minimum wages amounts and just assume corporations will absorb that cost, which is essentially a tax. A defining characteristic of a leftist is hypocrisy, so I understand that, but this one is just particularly glaring. |
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Title: Re: What tariffs are really doing... Post by Needles on 08/08/25 at 07:53:18 Corporations should not have been allowed to lobby for lower minimum wages. CEOs should have their income capped at $500,000 a year, and 100% taxed after that. I don't expect a level playing field, but more even. NO ONE is worth more than that. NO ONE. "Business", under unregulated capitalism, is simply feudalism. The US can no longer compete in the world market--- US capitalists have priced themselves out of existence, and now expect the People to suffer for it so they can continue exploitation. |
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Title: Re: What tariffs are really doing... Post by Needles on 08/08/25 at 07:56:40 If you're a "business person", you have gleaned excess profits from workers for decades. YOU should take the loss. |
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Title: Re: What tariffs are really doing... Post by Eegore on 08/08/25 at 09:24:05 I see no reason there should be a 500,000 maximum income for CEO's. They can be billionaires and still be held accountable for losses. They should not make money if their company does not make money, but if Amazon rakes in 40 Billion a year, I have no problem with the CEO making 1 million. I guess we could go down the line and say no nurse should make more than 50k a year. If we are going to tell other humans how much prosperity they are allowed to have, why stop at CEO's? If the US can no longer compete in the world market, why are the tariff actions getting results? Why aren't other countries just ignoring them and saying sure we will pay 200% tariffs, your economy isn't even competitive, it has no impact. |
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Title: Re: What tariffs are really doing... Post by JOG on 08/08/25 at 10:07:36 Everyone who hates Trump will,Natcherlee, tear up and burn the pieces of any checks sent out, should they decide to do that instead of Just pay down the debt. Everyone old enough to breathe Should be well aware that the nation has been being Poorly managed for decades. Both parties, the Uniparty, and Trump is trying to straighten things out. |
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Title: Re: What tariffs are really doing... Post by Serowbot on 08/08/25 at 10:14:45 You can argue tariffs are good or bad but the sad thing is Trump is applying them and he still doesn't get how they work or what they are or who pays them and he never will because he never listens The door is shut on his brain and there's not a lot in there |
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Title: Re: What tariffs are really doing... Post by JOG on 08/08/25 at 10:39:23 A psychologist teaching a class would take this The door is shut on his brain and there's not a lot in there. And ask the class, In psychology, what is the term for this? The only correct answer is That is Classic Projection [ch128514][ch128514][ch128514][ch128514][ch128514][ch128514] |
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Title: Re: What tariffs are really doing... Post by Serowbot on 08/08/25 at 11:05:30 and that is a classic obfuscation You still won't admit that Trump has no idea what a tariff is or who pays it He's bragging at how much money other countries are paying us Much like he still brags about acing his cognition test As far as"projection goes, Magas and Rightards are king All their weapons are boomerangs |
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Title: Re: What tariffs are really doing... Post by MnSpring on 08/08/25 at 12:21:21 6B404041494056250 wrote:
Explain why, "Full Blown Socialists", do not want to tell you, What to say, When to say, How to say, How to do. |
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Title: Re: What tariffs are really doing... Post by JOG on 08/08/25 at 16:37:10 You still won't admit that Trump has no idea what a tariff is or who pays it And you, in spite of a careful explanation, more than once, have no Clue who Actually PAYS corporate income taxes. We all do. The Consumers. But you can't wrap your polyester filled skull around that. Who brainwashed me to think that? Where have you Ever seen that Anywhere? You have not seen it except from me. And it's absolutely correct. Or,you want to Explain WHY I'm wrong. Use Your own Beeg Boi wurds. C'mon, let's Lobe wrestle.. |
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Title: Re: What tariffs are really doing... Post by WebsterMark on 08/09/25 at 03:51:26 2F0404050D0412610 wrote:
That would result in widespread famine, death and destruction. The beauty of capitalism and the freedom and prosperity it delivers, is the freedom and prosperity for some to be blind to its beauty. |
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Title: Re: What tariffs are really doing... Post by Needles on 08/09/25 at 06:12:35 Bullshit. Capitalism, FOR THE US BILLIONAIRES, is the best of all worlds. The problem is, the rest of the world suffers for it. Even the claim that capitalism has "raised many people out of poverty" is false. Percentages show the lie. For every billionaire, there are millions who'll never get out of poverty, not just in the US, but in the rest of the world. And the influence of billionaires on the government has made them tax free, with the rest of the (poor) paying taxes the 1% escape paying. No matter how you look at it, capitalism is feudalistic exploitation, unless it is severely regulated, as in countries with more socialism. |
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Title: Re: What tariffs are really doing... Post by WebsterMark on 08/09/25 at 08:02:38 You’re wrong. Not only are you perhaps the biggest liar ever to sit at this table, you’re hands down the most blind. The poor in the US live in luxury compared to the rest of the world. I’ve been all through the US which includes the poorest areas, but those same poor areas in Mexico and Taiwan are absolute $hitholes compared to the poorest areas in the US. You have no f’ing idea what you’re talking about. |
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Title: Re: What tariffs are really doing... Post by Needles on 08/10/25 at 07:35:07 That doesn't change the fact that those $hitholes were mostly CREATED by US capitalism. And, if you want to see REAL US poverty, drive through some of the reservations that don't have casinos. Or, maybe visit some Memphis, Jackson, or Birmingham slums. And, under 47, the US slums are becoming MORE $hithole-ly by the day. |
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