Quick pre-tariff quiz

Country B.

If country B will raise prices or not, this is not the question. If country B raise prices, and you can afford to raise your domestic production, it is all good for your country, as long as you do not need to also sell stuff to country B, that will retaliate with their own tariffs.
It is not like the global production powerhouse that you are trying to fight is China or something.

if an item for sale is too expensive then i wont buy it.

Exactly why Taiwan needs to move their chip factories to America or Israel.

If the countries Trump is tariffing just drop their own original tariffs then this all stops.

because raising prices lowers sales. so B has a choice

add the tariff to the price to pass on to consumers at the cost of fewer sales

or

keep the price low and eat the cost of the tariff

country B is paying the price regardless.

and if not, not every country is being tariffed. some countries have automatic advantages, and their cheap imports will beat the other cheap imports.

B doesn't have anything to do with what happens to the goods once they're sold. The price of the goods in B are irrelevant to the cost of the goods in A. If a good was sold for $10 in country B to an importer from country A, after applying a 20% tariff, the importer sells the goods at $12 (if he's selling at cost). The importer pays the $2 up-front to the gov't and recoups as much of it as he can from consumers in country A, who will likely end up paying him at least that 20%.

Prices are going to go up, so demand will go down for elastic goods. For inelastic goods like many foodstuffs, and this is the worrying part, cost-burdened consumers (over 50% of Americans) are going to have to beg, borrow, and steal to simultaneously feed themselves and keep a roof over their heads.

Prior tariffs have shown (e.g. on steel) have shown that additional jobs are indeed created in steelmaking. The problem is that we ended up losing more jobs than we gained because the price of that steel rose and we entered a manufacturing recession. This is what's going to be happening across potentially all industries in America. This is the most reckless trade policy since the Great Depression... and it didn't work then, either.

B if the tariffed product was not already produced at cost, A otherwise

E: You're Dumbfuck

Its Tax Day! An average American household will have to pay around 4000$ for everything a year!

Why does Twitter Man bother lying? The info is there if you choose to just look it up. It's very obviously not ALL tariffs.

msn.com/en-ca/money/topstories/vietnam-cuts-tariffs-in-strategic-bid-to-ease-u-s-tensions/ar-AA1C5nJv

An announcement published Monday evening on the government information portal indicated that, starting March 31, 2025, new preferential import tariffs will apply to certain goods, including cars, wood, ethanol, frozen chicken legs, pistachios, almonds, fresh apples, strawberries, raisins, and other selected items.

Additionally:

European nations responded with unified criticism to U.S. President Donald Trump’s announcement. Germany’s Economy Minister, Robert Habeck, warned that the new tariffs would harm the European and American economies. He urged swift negotiations to avoid escalating into a "trade war spiral" and stressed that the EU must respond firmly, making it clear that it will not yield to pressure from the United States.

Unless Vietnam was the primary target of our global tariffs, it seems like the Trump administration has its work cut out for it.

fucking euroniggers
they started the trade war by tariffing us. all they have to do is end the tariffs and it's all over

This is why we shouldnt allow countries to tariff us. We should implement retaliatory tariffs on countries that tariff us, which is what Trump is doing!

The tarrif taxes will help pay for the one percent's tax cut.

Tariff only hurt country that puts up tariff

Dummy Drumpf doesn't know this

Noooo dont ask me to explain why all the world leaders have had high tariffs and are increasing them

You mean (((corpos))) are sticking together and helping one another instead of allowing intended effects bc they can then shitting on him for it not working

That's oligarchy

Right answer is : Canada!

youtube.com/watch?v=W04GYm211uY

If you tariff your enemies, they win

First, Europe isn't our enemy. Canada isn't our enemy. Mexico isn't our enemy. Second, if you tariff anyone, you both lose. There are no winners in trade wars.

Europe isn't our enemy. Canada isn't our enemy. Mexico isn't our enemy.

Then why do they all have tariffs on us? These friendships all seem so one-sided.

Because their tariffs on us weaken their currency against ours. Our lack of reciprocal tariffs is the fundamental backbone of the dollar's strength. It is this strength, combined with the historical stability of the US, which has led to our position as the reserve currency of the world. This in turn is how we can afford goods, attract investment, and overall maintain the substrate of our way of life.

We are richer than ever. It's just that every increase in wealth goes to the top 1% of earners. We have a distributional problem which is strictly internal rather than one which has literally anything to do with external economies. With this tariff regime, Trump isn't increasing the share of the pie owned by the richest -- he isn't making the lower classes richer. He's just shrinking the size of the pie. Our share thereof may even diminish if stagflation manifests like many economists are worried it might.

Europe isn't our enemy

since when? they've been trying to fuck us over since the countries inception

You retards didn't even know tarrifs existed until Trump started sperging out about them, why even bother suddenly pretending you understand the history of trade relationships between the US and the rest of the world?

There is a material distinction between friends, enemies, and vassals. Friends can compete. Under the ideas of capitalism, this competition is healthy. This competition is probably what you see as "fucking us over." If a country doesn't "fuck us over," that doesn't mean they're a friend -- it means they're a vassal. An enemy is an entity which goes further than competing with us. An enemy directly sabotages us. It's an entity with which we may plausibly come into military conflict. They are directly antagonistic to us on a geopolitical level.

Europe has cooperated with us geopolitically since 1945, and especially since the fall of the USSR. They have competed with us economically, but cooperated geopolitically. Try to invite a little more nuance into your worldview, if you can. You might find reality to be less black-and-white than you think it is. Even a shade of grey here and there can help you interact with the world more effectively.

here's the only history I need to remember about trade
europe has been actively trying to reclaim us as a slave colony ever since we rebelled and won in 1776. they've only been playing nice since 1945 because they needed us to rebuild their economies. now that the time has passed they will seek to enslave us again

europe has been actively trying to reclaim us as a slave colony ever since we rebelled and won in 1776

This is one of the dumbest, most ignorant fairytales I've seen all year. Do people actually believe this?

Your quiz is retarded

Putting a tax on imported goods should raise the cost of the product
People see the new cost and don’t buy
Demand goes down and supply goes up
The country has 3 options
Meet trumps request and have tariffs removed
Lower prices and profit to stimulate demand
Stop selling the product and loose gdp

explain to me what the war of 1812 and the civil war was all about

Like as in who literally pays the tarif or who eats the cost of the tarif?

The war of 1812 was over two hundred years ago. No one alive fought in the war of 1812. No one heard stories from their grandfathers about fighting in the war of 1812. Europe doesn't hold secret meetings and remembrances of the war of 1812. The war of 1812 was a minor war in which something like 20,000 people were killed and had more to do with Napoleon than it did with America. After the Monroe doctrine, no European nation has invaded or even attacked America on its territory. I'm just not seeing it.

I'm also just not seeing how the civil war is similarly relevant. Can you make an argument built around events that happened at least around the time anyone alive was born? That at least seems more relevant.

Could you link the tariffs that the EU has on American goods? Google is being a bitch and refuses to show me any results for the search that aren't in response to the ones Trump have threatened to implement.

the war of 1812 was not a "minor war" you think we adopted our national anthem from a "minor war"?
it was a war started by European bankers because we choose not to renew the charter for the first national bank whose shares were held by Europeans. it's why British troops went directly to DC and burnt it to the ground. it was to let our politicians know that they would specifically kill them if they fucked with them, and like magic the second national bank was chartered right after the war

the civil war was instigated by european tariffs in an attempt to divide the country. this was a classic technique of european bankers to cause a civil war then offer extortionate loans to both sides to hopelessly indebt the country after the war. the only reason we were able to win was because russia told europe that if they gave aid to the south that they would consider it an act of war. that and Lincoln was smart enough to not take european loans and printed green backs instead

this is basic US history, you need to study it more

No country will pay anything, only merchants will make a tiny bit less profit

Retail prices are based upon what a customer is willing to pay. there is more than enough profit margin to lower the sale prices to compensate the tariff in order to stay within the psychological boundaries of consumer's willingness to pay.

C, consumers get fucked in country A and exporters get fucked in country B

Imagine buying one of this romanian 4x4 looks better

My Professor of Economics today told us Dumbft is gonna crash the Europoor economy (especially Germany) and that he will be assassinated in a month's time tops.
He said Blackrock decided he's unfit to rule.

Jeep is owned by Stellantis, it hasn't been an american company in like 20 years

NATO

Guess who those extra costs will be passed on to.
That's right.
(You).
They're not just going to sit on their ass and eat those costs.
Their going to bake them in to their consumer pricing to maintain their profit targets.
So I hope you're ready.
Life is about to get a lot more expensive.

unless the non tariffed item costs much more to produce regardless of tariffs or can't be produced in country a at all. hmm I wonder if that's going to happen

sells

likely end up laying

buys

i wont. no one will. consumers shop based on price. if the thing costs more than the next thing then it wont get sold. the big flaw in all of you people's logic is imagining a guarentee that every item for sale will get bought by an american consumer. if the end consumer does not bhy it the co sumer does not pay the tariff. of the retailer cant move inventory he'll buy less or none next interval. the exporter has to decide between less money and no money. thats it. im not going to buy it. effort post some more. it wont push sales of things that cost too much.

you don't understand consumer pricing
don't worry, you lost and smarter more competent people won

Does country C also have tarrif?
If no, Country B have to eat the loss or no sell.

Me be more clever than you ever be.

the richest people pay no income tax because they dont get payed wages. they have capital gains

just don't buy it

lmao

Customre in country A can choose btwen 100% price from coutrny C or 120% prie from country B.
Country B eat the loss or no sell.

Simple as.
If you cant understand, you are more simple as that.

Then line will have to go down a bit, or line won't exist anymore. Sorry little jew boy, that's the real point of a tariff.

Country B is tariffing Country A while Country A is getting screwed. Country A's industry and companies are then outsourced or closed down while Country B does well. This is the situation now for the US as Country A.

How will we ever recover from balance-of-trade parity, and bringing home American manufacturing and jobs?

pic

good gods, libtards are really retarded. you don't even understand basic economic principles, and yet, you think you can do "memes".
I don't want to live on this planet anymore...

it wont because there is no material good on earth which cannot be produced in the united states. absolutely everything we "lack" is a consequence of laws preventing extraction or manufacturing.

cool you guys gonna have all that manufacturing and extraction infrastructure ready for tomorrow or nah

So country B can just not sell to country A
Country A on suicide watch

Youre assuming they have multiple options and that they arent an intermediate with a contract. If mcds import canuck potatoes with a 5 year contract for example the consumer is asolutely eating the dirt. I would bet you can find very few case in contrary

yeah. your hyperbole aside american.manufacturing is a hair's breadth from revitalizing. capitalists are sitting on their hands waiting for the margins to go fro. -0.1% to 0.1%. small.manufacturers are everywhere struggling. theyll explode the second it's viable to grow. the entire fracking industry got thrown up in a weekend and it took federal laws and international cartels to tear it down.

Country A buy from country C.
Country B have unsold shit and no money.

alright can't wait to see it burgerbro all those untrained hillbillies making $15/hr can surely make better widgets for cheaper than South Asian children can

A pays if they're economically weak and still forced to buy from B
Imagine Germany putting tariffs on Russian oil and still buying Russian oil.
A being stronger hurts B's businesses, and A might spend more short term but that only matters to retards so stocks go on sale

Literally half of the countries in the world would sell potatoes to you.
No contract is paid for 5 years in advance and there is a reason why the fine prints take pages.

Nobody is forced to buy potatoes from Canada, what the fuck is wrong with you?

if a corporatio has a contract then private citizens have to honor it

what would it take to make you understand that this does not make sense?
your problem is youre not an american. you live in whatever country that flag is from where the roads are all packed dirt and the roofs are made of grass, and you just cant get canned beans except from imports because your brown leaders have 72 iq. we dont have that problem. theres an american version of everything which is always better.

Do the US have a 25% tariff with Southasianistan?

haha all your economy will be serving whites and you wont have access to our enslaved malnourished bug people

Country D E F G H I J K L M N O P Q R S T Y Z will buy from country B to piss off country A

Canada might not have options but America does

Imagine Germany putting tariffs on Russian oil and still buying Russian oil.

Vlad still sell the oil as usual.
Benz buy the energy 20% more.
The government get the difference in taxes.
The government give this money to Benz so they can stay open.

We call this process: the administration.

Tariffs aren't necessarily meant to be paid, they are meant to force country B to change its behavior or policy. Consumers in country A will change their behavior once tariffs are enacted. If a tariff is placed on French wine, it will raise the price. Yes, consumers in country A sill pay more for French wine. However, they are more likely to change their behavior and buy more American made wine. This benefits Country A and hurts Country B. Inflict enough hurt and country B will be forced to lower its own protective tariffs on other items its citizens import.

they cant see this part. just as americans only see america everyone else only sees themselves and america. they cannot comprehend that while theres a tariff on country B there is no tariff on country C. they have to keep insisting the tariffs are universal instead of targetted because otherwise they have no argument.

all the browns will go form brown club and leave whites alone

promise?

Yoi know muttos will have to loose fat to move their sossage fingers and get off pain killers not averyone is buying hot rods chinks are seling crap to 99% of dumb consumptionst. Orange men will do shit to change unless it take years to change the order of thinngs.

Country Alphabet would buy things they don't want with money they don't have to own the Orange Man

Picrel.
Anyway, it's their problem. Country A still buy from whoever for the normal price.

was also reported that import duties on certain cars are cut in half, and the tariff on liquefied gas decreases from 5% to 2%.

Tariffs on frozen chicken legs will drop from 20% to 15%, on pistachios from 15% to 5%, and on almonds from 10% to 5%.
So they previously had higher tariffs, and now their tariffs have been decreased? Wow, seems like an improvement to me.

Sorry i didnt realize i was talking to someone too stupid for hypotheticals or abstract concepts
This guy is even dumber lol

I accept your appologies, you forgot that there is not only two countries.
Anyway, I hope you like potatoes, you will have a lot of them.

Its weird how countries D to Z are allowed tariffs. But if country A puts on tariffs everyone gets pissed off at them?

Who came up with rule that country A is not allowed tariffs but everyone else is?

country B pays the tariff

country B was exporting for profit, so the tax is an operational cost

higher cost -> higher sales point

price of imported good is now higher in country A

consumer in country A "pays the tariff" to buy the imported good

Sounds like C, both.
Based.

If tariff so bad then why other countries put tariff on us in the first place? Why don't we celebrate tariff put on us?

Its weird how countries D to Z are allowed tariffs

And countries B and C.
Not sure why I forgot those.

In any case, I really hop for you that you don't get sick.

if country b cant sell their goods and manufacture returns to country a, doe country b:

A) get fucked
B) get fucked
C) get raked and fucked
D) retard

Sounds like C, both.

But the money is paid to country A so they are not really impacted.

minimum wage amerifat MAGAtards larping as foreign trade experts has been the most hilarious part of all of this

no argument

heres the crux:
consumers will buy the cheapest product and not even check what country it's from.

I put "pays the tariff" in quotes for a reason.

Tariffs are a paid by the importer, not the exporter. It's up to the importer to negotiate a lower price with the exporter or to take a lower margin or to pass it on to the consumer. But it is paid by the importer.

E) citizens of country A.

I do, i make this baked pot-dish with dollar tatos various veg on top and eggs in the center, sometimes in a bell pepper and then a couple strips of bacon on top. Bacon fat goes.down and kinda fries the potatoes but leaves them tender too

are you already drunk at 5pm Krzysztof? your posts are unintelligible

The importer from country A. The increased cost by the importer is passed onto the consumer in country A.

in this context "the importer" is a retailer, not the end consumer. if target cant oush chink spatulas because they cost as much as vietnamese ones but are shittier, they wont keep buying chinese inventory for the same price.
consumers have no obligation to pay.

and then the consumer says "no" and the retailer has to throw the thing into a landfill.

He will but they lost control of the dollar how is anyone supposed to stop it now?

At one time Chrysler owned Lamborghini

Either the producer eats the cost (say GM) or maybe the dealership (highly doubt this) or the consumer pays more.

Good for you. With all those unsold potatoes, prices should go down.
Not too much though, at some point they will sell in America despite the tariff.

Every time I hear some faggot talking about how bad tariffs are, I point out that they are reciprocal or retaliatory tariffs, and every single time the conversation disappears in a puff of smoke.

Nobody wants to acknowledge that part.

Exactly

Of cours im drunk you unedukated fuck i wouldnt kek, you cant drink i can lalalala

reciprocating the trade deals that the orange monkey negotiated and agreed to?

You Americans just dont seem to understand how unfair it is for America to tariff other countries at the same rate we tariff you.

yeah wow america is really short on potatos. what are we gonna do. next we're going to run out of corn, i bet.

Right, the importer is the retailer, the wholesaler, but in some instances it could be an end consumer if they are buying direct or something like that. There are a few different ways to handle the tariff, like I said above, but that's for the parties involved to work through.

if only they would say this openly and honestly. because it is the truth, and it is trump's point.
all of these pretend 1st world countries owe the us everything they have. AT THE VERY LEAST have gratitude. instead we get shit on as a matter of course.

It depends on the elasticity of demand and available substitutions. The seller is very likely to have to decrease prices to stay competitive
-t. Genius economist

if some private person orders something directly from another country and oays a tariff that is their business. and certainly not enough business to hold up an industry.
do you think we're talking about boutique crystal swans and wrong-side steering wheel cars?

thank you for all of the important contributions to world history you've made personally while shoving processed slop down your throat and jerking off to tranny porn in your mom's basement, anon

The answer is E. It Depends -

en.wikipedia.org/wiki/Tax_incidence

Maybe stop being fat loud agressive muttos run by jews who bomb countries with shitskins flooding our coutries dumb mutt.

trust me goy

This. But migatards never passed any econ classes.those years of Ron Paul attempting to got people to understand government meddling in the economy always results in failure is wasted.

Imagine wanting to live in Europe this much
No reading comprehension,
This depends on the goods and if alternatives exist. Blanket tariffs covers many goods the US doesn't produce or even have interest of producting.
The lower sales due to price hike WILL hurt you domestic retails is undisputed, all you migatards just trying to cope thinking all your retailers big and small are ran by jews. You local white run small store will close first because they have less capital to cushion the added cost.

Country B increases prices to compensate for tariffs. if Country A doesn't pay then B takes their goods elsewhere. Thus, Country A gets less goods and the price of goods rises.

Thus increasing inflation.

lmao

yeah but trannies can't piss in the girls bathroom anymore so it was all worth it

Worse case senario, you buy potatoes from Brazil.

rofl

Thanks for the lecture, guy on Anon Babble. Maybe you should be at your teaching job, smart guy.

i'd like to phone a friend
yes hello, israel?

increasing tariffs without reducing income tax

I'm sure this isn't intentional.

Which is more expensive than the previously untariffed imported item, and so an indirect 'tax' on consumers

Reduced it for billionaires though

Kek miggers on suicide watch

Reminder that MIGA is a kike psyop. Some NPCs missed their update...

It still feels surreal that there was even a moment of bandying about the idea of eliminating income tax, to then immediately RAISE taxes on the middle and lower class. Lowering their taxes by some piddly amount was one of the only tangible things and most memorable/well approved of things he did first term. That alone was why many voted for him two more times

C. Both.
Country B businesses pay, Country A Citizens pay. BUT, its not a direct correlation. If there is 100 widgets selling for $1, and the tarriff is 25%, that does not make the widgets sell for $1.25. Instead, the tarriff is on the wholesale cost, often 25-50% of the initial price. This, 25% of $0.50 is $0.125, or a 13 cent markup. So now at most the good will sell for $1.13, but often times the profit margin is enough to absorb or reduce the cost increase of the good.
prove me wrong
protip: you cant.

It's more complicated than that. It's more complicated that you could probably understand if you think your meme is a good one.

I should add that if there are no income taxes, thats usually a 5 figure savings for people with decent jobs. give me an extra $20-30k and what do i care about the 13 cent markup?

No one pays it unless the goods are unique to country B. Goods produced in country B become noncompetitive and now those goods must be produced in country A or C to be sold in country A, because country A is a highly valued market that cannot be lost.
There could be a supply adjustment in country A where prices raise but it would be temporary.

it's because of the tariffs or thing we dont like!

the only reason why US requests for eggs were turned down is because the bureocrats dont want to do it. the farmers would be happy to hop into the american market if it was feasible, it's just political shitflinging that prevents it.

same with brexit. both parties negotiating the deal wanted to punish the brits who voted for exit.

and im willing to bet that the chicken cullings are just industrial sabotage by "health experts"