Well yes and no. Yes It will probably lead to prices going down some. That is good for the Americans that don't have to pay taxes or low income. However, Companies are going to raise hell until they are refunded the money , but who will pay the companies their money? Well the American Taxpayer. The money taken in is gone with Tariffs is gone. So , the government will get the printing presses cranking out $100 bills and that means more national debt and Americans have to pay on the National Debt. This will create more Debt, increase inflation and make affordability worse.
- 7.4K opinions shared on Society & Politics topic.
5 moSo the problemo here is someone gotta pay the debt and interest and roll over those bonds. So they will simply print more money to cover any shortfall, prices go up as this is the definition of inflation and gold goes up.
It be nice if the govt held gold for every citizen, but nope.. they don't they keep it for themselves and if ever came to it, the'd confiscate the rest like they did in 1930's.
So you either pay the tax on imports, which we will now with 10-15+% flat, or pay it by inflation, or taxation, etc..
there's no free lunch in spite of how we were trained watching Whimpsky.
10 Reply
Most Helpful Opinions
11.6K opinions shared on Society & Politics topic. Americans are still going to have to foot the bill for Trump's lawless behavior. Nothing will happen with the Epstein files and the next election. If it happens at all. He's going to be rigged by Trump if he has anything to say about it
10 Reply
What Girls & Guys Said
Opinion
12Opinion
- 6K opinions shared on Society & Politics topic.
4 moThere is no win for the people in this, as per usual with Scum_p. Let me maga-splain this for the dummies in the back:
* Walmart was importing items for $1 each, including all previous taxes & tariffs
* Consumer was paying $2 for that item
* Additional tariff goes into effect for 10% more, item now costs $1.10 each
* Walmart passes on the cost of tariff x 3 because they can blame it on the "government", and now sells the item for $2.30
* Consumer paid not only the tariff, but additional 20% profit to Walmart's grift
* Tariffs get struck down. Corporations say "Hey, if it was illegal, WE want our money back"
* Scump says "Ok, my bad" and gives CORPORATIONS the money that consumers already paid them for from tax dollars consumers have given the government.
**** KEY POINT...
* Double grift, and consumer price does NOT return to original $2, because why would it? You're already used to paying $2.30Then he'll find a different way to do the same thing, and you'll get grifted yet again, and that item will go to $2.50 or more.
Are you able to understand this, magas? You're being grifted every damn day, not only goods, but healthcare, energy, services. Are you great yet?
20 Reply 679 opinions shared on Society & Politics topic. As long as the present Administration is in power the USA loses. They will continue to push for totalitarian control and hyper nationalism ( in the form of Christian Nationalism). Trump and his sycophants will continue to damage alliances with long time allies thus isolating the USA even more. Ex Allies ( EU, Australia, Canada, Mexico and so on will trade within themselves and avoid trade with an unreliable USA. USA industry and economy will continue to suffer. The only way to ensure prosperity for the USA is to turn away from this drive towards fascism and rejoin the world and the rules based order.
10 Reply- 948 opinions shared on Society & Politics topic.
5 moHe's already said that businesses will have to take the government to court to get the tariff money back. Yet another cost that will be passed on to the American consumer. Think of how many changes he has made to his tariff policy in the past year. Why would any country want to deal with that much unpredictability? His 15% global tariff expires in 150 days and needs congressional approval to be extended. Every current trade negotiation in progress has to be put on pause for five months to wait until a concrete tariff policy is implemented. Ultimately, Americans are going to continue bearing the brunt of Trump's hissy fits.
00 Reply - 6.3K opinions shared on Society & Politics topic.
4 moThe Supreme Court's ruling does not eliminate tariffs.
Tariffs on many goods from many countries have been in place for years, before Trump used an Emergency Act to expand them. The SCOTUS ruling does not affect those tariffs.
And now, Trump, with legal advice, is using two other laws that legally allow him to raise tariffs, he initially says 10% and then, later, 15%. These laws require more work and more time, but they will likely go into effect within a year.
Bottom line... I wouldn't expect to see any huge price changes in anything. Once companies set a price on goods, they rarely drop the price.
00 Reply 931 opinions shared on Society & Politics topic. Pretending like this isn’t a win is just seeing the glass half empty.
Tariffs were a bad idea from day 1.
And if they had stuck the inflation would have castrated everyone from the lower class.
So what if there will be some repercussions now?
It’s still cutting off an arm to save the body20 Reply682 opinions shared on Society & Politics topic. The tariffs have been proclaimed illegal for half a year or more. It has not changed anything.
The Supreme Court ordered Trump to stop starving people and all he did was send in an appeal ans ignore the order.
Unless they order an arrest I doubt he will actually care.11 Reply- 3K opinions shared on Society & Politics topic.
4 moWait… which is it? Either the affordability issues are 100% the fault of the greedy corporations, as you insisted when Biden was in office. Or affordability is all the president’s fault. The tune you changed to once Drumpf took office.
You’re either ignorant or a liar, but you’re definitely a hypocrite. What is your actual malfunction, 🤡?00 Reply - 2K opinions shared on Society & Politics topic.
4 moCitizens of the United States aren't going to be paying any tariffs back to foreign countries. The Trump administration will just use a different statute (or multiple different statutes), and "credit" other countries at the start, to avoid refunds.
00 Reply 27.2K opinions shared on Society & Politics topic. There will still be tariffs but under a different statute. Trade will be disrupted for a while. Hopefully most countries will continue to honor the more US centric trade deals.
216 Reply- 5 mo
He got his information from an America-hating news channel.
Go figure. 😆 - 5 mo
I was talking about the guy with the cat avatar
🤣🤣 - 5 mo
How’s the BBC ever said anything good about America? 😹😹
- 5 mo
@msc545
Thanks - 4 mo
@exitseven Agreed. They'll just use a different statute, and "credit" other countries at the start, to avoid refunds.
- 4 mo
@NYCQuestions1976 President Trump had this figured out over a month ago.
1K opinions shared on Society & Politics topic. Unfortunately this is what I thought would happen even if tariffs went down we would still be paying high prices thanks to the evil CEO's at this point I might as well be buying organic products
02 Reply- 4 mo
Trump loves them
5 moNothing has changed. Trump just needs to submit this into a different category and he will win.
04 Reply- 5 mo
Refunds are different
- 5 mo
Did you know that Richard Nixon did the exact same thing as Trump, and the Supreme Court ruled it legal?
- 5 mo
Did you know Nixon was terrible too. He used price controls and that failed like Trump's Tariffs
- 5 mo
Did you know that Nixon was not on the Supreme Court? 🤣🤣
- 5.1K opinions shared on Society & Politics topic.
5 moI don’t think you’re gonna see much reduction in prices
10 Reply 12.2K opinions shared on Society & Politics topic. You know, Trump is regrouping. He will get his tariffs one way or the other
00 Reply
Anonymous(36-45)4 moNo. The supreme Court sold the American people out to China and over turned democracy
09 Reply- 4 mo
The Supreme Court did nothing but enforce the Constitution
Opinion Owner4 moSection 232 (National Security): The Trade Expansion Act of 1962 allows the President to adjust imports if they threaten national security.
Section 301 (Unfair Trade): The Trade Act of 1974 allows for tariffs in response to "unjustifiable" or discriminatory trade practices by foreign countries.
Section 122 (Balance of Payments): Allows for a temporary 150-day import surcharge of up to 15% to address serious balance-of-payment deficits.- 4 mo
He should prove the threat. Not make them up. China is not a military threat. When was the last war they started? I think the US is more likely to attack China than China attack the US. The problem is that China is better at what the US taught them. More important is the fact the US put itself in the position it is in. Over spending and fiscal policy. It never had to get like this. All could have been avoided. So the US deserves for its dollar to collapse and economy to collapse. We have abused the World Reserve Currency status.
Opinion Owner4 moChina is not a real military threat? Wars aren't just fought with militaries, they are fought with economics, trade, politics and propoganda. Historically most military wars between nations are preceded by economic and trade wars and influence of politics and leadership. Remember its purpose allies in south east asia that is begging for the US military to have a presence there after years of encouraging the US to leave, thats Japan, the Philippines, Taiwan and even Vietnam.
Last war the Chinese started was against Vietnam in the late 70s early 80s where they got wrecked and before that they started a war with the United Nations.
You are right this all could have been avoided. We have since 2000 under clinton right up to the present given china permanentl most favoured nation status or PNTR which allows china to trade with virtually no tariffs in the US but this is not reciprocated. The situation with the EU and Japan is the same. They have heavy tariffs on US imports while enjoying virtually no tariffs. No other country is this weak when its comes to trade and after decades we are counting the long term cost.
See you liberals think that this is just Trump doing this and a Trump policy but it's not. Even Obama in 2009 started increasing tariffs on Chinese imports (up 40%) for unfair trading practices the Chinese were and are engaging in, Trump continued Obama's policy and increased Tarriffs, when Biden got in he continued this and increased tariffs and trump got in and increased tariffs again. The next president will also continue this policy of tariffs on china and attempt to rebalance US trade in a more fair way because those in the federal government recognise the danger to US long term intrests.
The World Reserve Currency status is another gift from the US to the world, we are basically using our wealth to guarantee their money and economies.
Opinion Owner4 moAlso id like to point out that you sound like a lot of liberals who are negative about the US and though will recognise a problem dont want to fo anything about it and of course will be first in line for welfare when there's no jobs and riot when the tax base can't pay welfare for all those unemployed.
- 4 mo
We introduced China to the game and they beat us , because greed is not as important to them. Our leaders are corrupt and greedy and they stuffed their pockets and don't care a bit about the country.
Opinion Owner4 moThey haven't beat us yet. But certainly doesn't help with corrupt judges and democrats in the pocket of china and the Chinese interfering in our elections.
Opinion Owner4 mo@msc545 chinagate is acknowledged as proven by the Democrat party and all branches of federal agencies and DOJ. Why talk on things things you are entirely ignorant of?
Why are people afraid of the supreme court deciding the election, it already happened, in 2000?
Learn more
We're glad to see you liked this post.
You can also add your opinion below!
Girl's Behavior
Guy's Behavior
Flirting
Dating
Relationships
Fashion & Beauty
Health & Fitness
Marriage & Weddings
Shopping & Gifts
Technology & Internet
Break Up & Divorce
Education & Career
Entertainment & Arts
Family & Friends
Food & Beverage
Hobbies & Leisure
Other
Religion & Spirituality
Society & Politics
Sports
Travel
Trending & News
Most Helpful Opinions