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LiberalArkie

(17,389 posts)

34. Hell yea, let's go with 150% tariffs on everything coming in. The CEOs will love the income..

Thu Feb 20, 2025, 05:51 PM

Thursday

a widget is sold at a 30% markup.
Import cost was $1.00 and they sold it for $1.30

Import cost $1.00 - Tariff of 25% is 1.25 to the dock with 30% markup is now $1.65.

If my math is correct..

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Trump will scrap federal income tax and abolish IRS, ally suggests [View all] highplainsdem Thursday OP

We tried tariffs before Henry203 Thursday #1

The idiots never learn. I think I'll wait before filing taxes this year... brush Yesterday #53

That will be wildly inflationary too Jerry2144 Thursday #2

How about if we scrap Trump and abolish Musk instead? Wicked Blue Thursday #3

essentially a national sales tax lapfog_1 Thursday #4

Right now bananas are 55 cents a pound retail. A 25% tariff, even on the entire retail cost as opposed to the landed kelly1mm Thursday #12

25%... across the board lapfog_1 Thursday #17

It's the cumulative effect of adding 25% onto everything VMA131Marine Thursday #18

But how much of the typical American's budget is on imported goods? Of the big 4 housing, taxes, food kelly1mm Thursday #20

You are forgetting raw materials and knock on effects Miguelito Loveless Thursday #25

Exactly DENVERPOPS 22 hrs ago #72

Nope... I'm sorry. You're dealing with the immediacy of the issue; slightlv Thursday #30

A lot of stuff on Amazon/Ebay and even Etsy comes from China tulipsandroses Yesterday #52

In 2019, 19 percent of consumer spending on goods in the United States came from imports. Wiz Imp Yesterday #70

25% tariff + 23% VAT Miguelito Loveless Thursday #24

Still not cutting out bananas or coffee ....... nt kelly1mm Thursday #35

It's nice you have the luxury Miguelito Loveless Yesterday #71

A 25% tariff across the board wouldn't come remotely close to raising the revenue needed Wiz Imp Yesterday #67

Outsiders don't pay. We pay! /nt bucolic_frolic Thursday #5

Right. "Tariffs collected from other countries"? Tariffs are paid by importers, not by other countries. n/t thesquanderer Thursday #10

Somebody, for the love of the Goddess, please educate these idiots Bayard Thursday #15

You markodochartaigh Thursday #48

Eventually that concept is going to get through to all the people slightlv Thursday #31

even if they collect the tariffs rampartd Thursday #6

Exactly - but American retailers will game the system to their advantage FakeNoose Thursday #45

Well that will quickly crash the economy.............. Lovie777 Thursday #7

Within a week Miguelito Loveless Thursday #26

And trump, millionaires and billionaires, both foreign and domestic slightlv Thursday #33

Wait... our new commerce secretary ALSO thinks foreign countries pay tariffs? William Seger Thursday #8

Lutnik knows that we not he will be paying the taxes delisen Thursday #13

Prices will rise beyond what we pay in taxes now neohippie Thursday #9

In a month he has done more to America than any other President. twodogsbarking Thursday #11

So not happy with failure to dweller Thursday #14

Exactly and his ignorant MAGATs don't know livetohike Thursday #23

Why Wharton School of Business let TSF graduate, I'll never know. no_hypocrisy Thursday #16

He has a bachelor's degree not an MBA. milestogo Thursday #37

He probably had someone sit in and take the tests for him. Xolodno Thursday #39

What a dangerous, fucking idiot. Native Thursday #19

One more time ...Foreign countries do NOT PAY tariffs! ashredux Thursday #21

Executive Orders really are something! Kid Berwyn Thursday #22

His idiocy is boundless. WestMichRad Thursday #27

He's an idiot surfered Thursday #28

LOL!!!! n/t valleyrogue Thursday #29

JFC. 58Sunliner Thursday #32

Hell yea, let's go with 150% tariffs on everything coming in. The CEOs will love the income.. LiberalArkie Thursday #34

"Other countries" don't pay these tariffs. appmanga Thursday #36

So basically Trump wants to build our economy and have Mexico pay for it... Ohioboy Thursday #38

He's using the word "Tariff" and misconstruing it. Xolodno Thursday #40

Reliance on foreign trade to fund our government would make us extremely vulnerable to bad actors. bluedigger Thursday #41

When this fails Nasruddin Thursday #43

It just keeps getting worse! sakabatou Thursday #42

He is fixated on the term "tariff". He went on about how much he loves the word. He's an infant in a suit. BSC. nt Evolve Dammit Thursday #44

no taxes no social security nt et tu Thursday #46

What an idiot. The income tax is in the US Constitution. valleyrogue Thursday #47

I for one say this is a brilliant strategy... Ol Janx Spirit Thursday #49

I didn't think tariffs went to the government. iemanja Yesterday #50

They are paid to US Customs (Treasury Dept) by company importing the goods wishstar Yesterday #64

I know Howard. He isn't a dummy. erodriguez Yesterday #51

But for how long? DFW Yesterday #66

So we won't have pay for all the stuff they're taking away? JohnnyRingo Yesterday #54

Someone Else? Roy Rolling Yesterday #55

Trying to wrap my head around this alleged plan. Trust_Reality Yesterday #56

Amendment 16 rpannier Yesterday #57

This would incentivize the gov to increase imports Kablooie Yesterday #58

The total value of all the goods we import ... Straw Man Yesterday #59

Exactly. Wiz Imp Yesterday #68

That Is Extremely Regressive DallasNE Yesterday #60

Do they really think that tariffs will Figarosmom Yesterday #61

So... Mexico REALLY IS going to pay for it... Layzeebeaver Yesterday #62

HE. IS. INSANE. IMPEACH HIM NOW. LymphocyteLover Yesterday #63

You would think that Lutnick and Trump know that the ISA is part of Treasury, not Commerce DFW Yesterday #65

Exactly. My first thought is why is Lutnick babbling about this? Wiz Imp Yesterday #69