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WTF happened to the WTF happened to the WTF happened with Trump today thread?

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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9300 on: Today at 12:56:28 PM »
Quote from: Custard on Today at 11:09:54 AM
Why? Because exporters and importers ate a lot of it, and didn’t pass it along.

Importers? US Companies? You told us CHINA was gonna pay it.

Do the exporters get refunds?
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9301 on: Today at 01:16:58 PM »
Quote from: illiniray on Today at 11:27:45 AM
The left was never screaming bloody murder. They were calmly pointing things out.

Tariffs Increased Retail Prices of Imports by 7 Percentage Points Prior to Supreme Court Ruling
March 3, 2026 2026
5 min read
By: Alex Durante
https://taxfoundation.org/blog/trump-tariffs-raise-prices-consumers/

Calmly pointing things out LOL
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9302 on: Today at 01:18:46 PM »
Quote from: Reacher on Today at 11:19:46 AM
Argue with the U.S. Senate.

https://www.jec.senate.gov/public/_cache/files/7cc03e65-d40a-465f-9e88-09dd53d3502f/jec-fact-sheet-on-cost-of-tariffs-for-families-update.pdf

That’s almost certainly the highest estimate I’ve seen and effectively says every single penny of tariffs was paid for by American consumers which simply isn’t the case. Since when did we trust the Senate, anyways?
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9303 on: Today at 01:23:38 PM »
Quote from: Reacher on Today at 11:31:37 AM
Hey but Custard didn’t notice, so doesn’t count.

I saved more than $1700 on cheaper gas and eggs
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9304 on: Today at 01:24:25 PM »
Quote from: murphstahoe on Today at 12:56:28 PM
Importers? US Companies? You told us CHINA was gonna pay it.

Do the exporters get refunds?

I didn’t say that, but since you brought it up, Chinese exporters did absorb a fair amount of the cost of tariffs to try to keep market share. 10-25% or so.
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Somewhere in Mn

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9305 on: Today at 01:27:38 PM »
Quote from: Custard on Today at 01:18:46 PM
That’s almost certainly the highest estimate I’ve seen and effectively says every single penny of tariffs was paid for by American consumers which simply isn’t the case. Since when did we trust the Senate, anyways?

The report appears to be an estimate issued by the minority party.
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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9306 on: Today at 01:37:31 PM »
Quote from: Somewhere in Mn on Today at 01:27:38 PM
The report appears to be an estimate issued by the minority party.

Ad Hominem. Rebut the argument, not the argumenter.
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9307 on: Today at 01:52:42 PM »
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ridingthegrange

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9308 on: Today at 02:57:18 PM »
And a lot of the small companies closed up.  Collateral damage for sure.  Regardless, it was all illegal and remind me where the buck stops?
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alum74

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9309 on: Today at 03:00:16 PM »
Quote from: Custard on Today at 01:52:42 PM
Didn’t give them enough time. A lot of companies I do business with were starting to reshore production and supply lines.

Baloney. 
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9310 on: Today at 03:23:01 PM »
Quote from: alum74 on Today at 03:00:16 PM
Baloney.

Yes I am sure the emails they were sending me about adjusting supply chains and moving manufacturing were lies. I’d go back and screen shot them but I’m not even going to waste my time because your head is so buried in the sand it wouldn’t matter anyways.

Da Nile, not just a river in Egypt.
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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9311 on: Today at 03:34:35 PM »
Quote from: ridingthegrange on Today at 02:57:18 PM
And a lot of the small companies closed up.  Collateral damage for sure.  Regardless, it was all illegal and remind me where the buck stops?

Give those companies some time.
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Custard

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9312 on: Today at 05:23:00 PM »
Quote from: ridingthegrange on Today at 02:57:18 PM
And a lot of the small companies closed up.  Collateral damage for sure.  Regardless, it was all illegal and remind me where the buck stops?

Woke AI doesn’t seem to agree.

Quote
What you’re seeing isn’t a clean “tariffs caused a surge in closures.”

It’s more like:

* 2019–2020: already high (structural retail decline + COVID shock)
* 2021–2023: artificially low (stimulus + strong demand)
* 2024–2025: normalization + delayed pain hitting all at once

⸻

If you want, I can break this down outside of retail (manufacturing, small business formation rates, etc.), which tells a slightly different—and interesting—story.
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murphstahoe

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Re: WTF happened to the WTF happened to the WTF happened with Trump today thread?
« Reply #9313 on: Today at 05:50:27 PM »
Quote from: Custard on Today at 01:24:25 PM
I didn’t say that, but since you brought it up, Chinese exporters did absorb a fair amount of the cost of tariffs to try to keep market share. 10-25% or so.

so if those tariffs were illegal, do we have to repay them?
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