That is what I would expect, i.e. some playing of s games.
Shifting like that imposes costs. Costs implies a shift in supply curve, and it will lower overall aggregate demand for US beans. Economics 101.
This is an economic certainty.
One might quibble over how much, but for it to be otherwise would defy the laws of supply and demand. I would point out that it would still be possible for overall aggregate demand to increase prices for US farmers, AND for this to be taking place.
.
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I am not saying world leaders black list Trump.
I am saying Trump creates a lot of anti-US sentiment.
Simple branding. Marketing 101. "Made in USA" becomes marketing poison pill.
For someone who says he is a businessman, you seem to want spend a lot of time claiming that business fundamentals that everybody understand somehow work differently when Trump is involved.
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Coke raising prices due to aluminum tariff
money hunger ceos
oh wait that is what boutons says all time
companies are not suppose to make big profits
companies raise gas prices when oil goes up asp but when it goes done takes weeks
You really didn't know the consumer was gonna be the one paying for these tariffs?
Hey, guess who's gonna pay for the Mexico wall? Hint: not Mexico
all you have to do is use what is seized from drugs and things to pay for the wall
the king drug lord in mexico has enough to pay for the wall himself
you could go solar for wall and then cal might not have to turn off power in summer
mexico could use the electric it produced and might not be a third world country
and maybe people would want to leave their instead of the usa because the usa has such bad laws!(lib s say)
"One of his most popular nicknames on Weibo — China’s version of Twitter — is
Chuangpo, which means
to charge in and break things."
http://www.latimes.com/world/la-fg-china-trump-20180731-story.html#nws=mcnewsletter
yep, Trash breaks things, things that belong to everybody else, including his cults' things.
I don't think anyone that proclaims themselves a democratic socialist and is a fan of Ocasio-Cortez has any room to talk any Economics 101.
given that economics itself is more or less a pseudo-science, I'm not sure why disqualification from membership would be any disgrace.
why not?
America has enough wealth to be a democratic socialist society, but inquality, created/protected/increased by design by the oligarchy prevents America being democratic socialist society.
But Capital has ed up and ed over America, and keeps ing it up more. See the Treasury trying to pass another tax cut for the wealthy, $100B, without involving Congress.
$700B every year on MIC and over $1T maintaining American empire.
America is very sick, perverted (for profit) society. And there's no correction possible.
China vows retaliation if Trump slaps 25 percent tariff on $200 billion of Chinese imports
Erin Ennis, senior vice president of the U.S.-China Business Council, said a 10 percent tariff on these products is already problematic, but more than doubling that to 25 percent would be much worse.
“Given the scope of the products covered,
about half of all imports from China are facing tariffs, including consumer goods,” Ennis said.
“The cost increases will be passed on to customers, so it will affect most Americans’ pocketbooks.”
Trump had said he would implement the $200 billion round as punishment for China’s retaliation against the initial tariffs aimed at forcing change in China’s joint venture, technology transfer and other trade-related policies.
https://www.reuters.com/article/us-u...-idUSKBN1KM3B3
Is everybody getting so sick yet from winning trade wars, that are so easy to win?
I know more about macro-economics that you do, based on your posting here.
This is, by the way an ad hominem logical fallacy, i.e. a failure of reasoning. I guess I can lecture you about critical thinking as well, it seems.
fanboi fails so hard.
If you laid all economists end to end, they still would not reach a conclusion.
59% of economists approve of Trump handling of the economy. Most agree the tariffs are effective and that the United States will win the trade war.
From an industrial products consumer (steel, copper, brass, etc.) With valves, pipe etc. Every one I deal with has used tariffs and higher wages as a reason to push through price increases. Most this year have averaged 7-10%.
Unrelated to tariffs I am seeing serious wage acceleration in skilled trades. You guys will need to get used to $100+ an hour for a average skilled plumber or AC guy to come to your house.
Are there new tariffs on imported copper and brass?
Not that I know of. Whats your point?
That's great news. Hopefully they start bringing vocational courses back into highschool and stop pushing "college for everyone" as the standard post highschool directive.
Another trend that will accelerate. Long time coming.
Much like the demographic implosion of the Trump party. Every year, drip drip drip.
are we still getting ripped off, or is this a side effect of economic health?
https://www.businessinsider.com.au/t...-losing-2018-8The US trade deficit increased in June, to $US46.3 billion from $US43.2 billion in May, according to the US Census Bureau. Additionally, the trade deficit for 2018 continues to outpace the shortfall in 2017.
“Year-to-date, the goods and services deficit increased $US19.6 billion, or 7.2%, from the same period in 2017,” the Census Bureau said in a press release.
Many economists say that Trump’s focus on trade deficits is misguided and that large trade deficits simply show increased domestic demand. In fact, some argue that a larger trade deficit actually displays signs of a stronger US economy.
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