What are you thinking, CYCLING RELATED, on tariff subject

[Hilltopwalters]

inb4 locked thread:

if you want to wax poetic/argue politics/etc go to debatepolitics.com, it's like the Paceline but with angrier cloud shouting (at times the possibility of such a thing is hard to fathom) lolz.

tl;dr:

insulate yourself as best you can from the vagaries of circumstance. Whether that is bicycle products, political change, the contingencies of life or otherwise. Most of us here are awash in bikes and parts and do enough inter-forumite trading and business that whatever may come up on the road (so to speak) is something we likely will be able to manage (with respect to our hobby). It's what makes us bicycle fanatics.
So, be cool.

[jamesdak]

Originally Posted by tommyrod74

I don't think anyone's ignoring the past few years of (relatively) high inflation. I think some are questioning the wisdom of promising policy changes that have been proven historically to raise prices for consumers.

One has happened already and cant be changed (though it has been largely contained). One is promised and looming. One was, at least to a great extent, thrust upon us (the pandemic). The other will be a conscious choice, and an unforced error if it comes to pass.

If you're someone who won't focus more on what is to come than what has already been, I'm not sure how to convince you otherwise.

I'm already prepared because I always look ahead. But this is nothing new so life goes on. I do find it hypocritical though on many posting here. I had assumed the current admin had undone the previos admin's tarriffs. You know since they are so bad and no one here has been freaking for the last four years about them. Yet the link provided earlier showed that the current admin kept the majority of them in place and even added to some. Yet no angst about that. I wonder why?

But anyway, I'm to play bikes. Not this silly stuff so I'm done. Enjoy! :-)

[julian3141]

Originally Posted by jamesdak

I'm already prepared because I always look ahead. But this is nothing new so life goes on. I do find it hypocritical though on many posting here. I had assumed the current admin had undone the previos admin's tarriffs. You know since they are so bad and no one here has been freaking for the last four years about them. Yet the link provided earlier showed that the current admin kept the majority of them in place and even added to some. Yet no angst about that. I wonder why?

But anyway, I'm to play bikes. Not this silly stuff so I'm done. Enjoy! :-)

I am a little late to this party but my two cents is that tariffs aren't great. The current administration should have taken down the current tariffs. They were left in place for political not economic reasons. It is easy and popular for a politician to blame China. The economic data are clear that they have done nothing to spur job growth, and in fact, the targeted retaliation has damaged some small sectors of the economy. Any inflationary pressure caused is lost in the mix of the last few years of higher inflation. That being said the tariffs are currently fairly small. If they follow through on 20-25% across-the-board tariffs the effect on the economy will be much larger.

[openwheelracing]

Originally Posted by julian3141

I am a little late to this party but my two cents is that tariffs aren't great. The current administration should have taken down the current tariffs. They were left in place for political not economic reasons. It is easy and popular for a politician to blame China. The economic data are clear that they have done nothing to spur job growth, and in fact, the targeted retaliation has damaged some small sectors of the economy. Any inflationary pressure caused is lost in the mix of the last few years of higher inflation. That being said the tariffs are currently fairly small. If they follow through on 20-25% across-the-board tariffs the effect on the economy will be much larger.

Agree 100%. On top of that, these protectionist/isolationist measures create competitive imbalance long term. The most damaging effect is way down the road and may span decades.

[deluz]

My SIL owns a small coffee roasting company.
He buys the 1 lb coffee bags from China and said that tariffs could impact the business so he is thinking of doing a mass purchase before the tariffs go into effect.

[julian3141]

Originally Posted by openwheelracing

Agree 100%. On top of that, these protectionist/isolationist measures create competitive imbalance long term. The most damaging effect is way down the road and may span decades.

Not to sound naive or whatever, but humankind has become so efficient we could feed the world, solve climate change, explore space, and have money left over for a snack. If we cooperated as a species. I won't hold my breath.

[tommyrod74]

Originally Posted by jamesdak

I'm already prepared because I always look ahead. But this is nothing new so life goes on. I do find it hypocritical though on many posting here. I had assumed the current admin had undone the previos admin's tarriffs. You know since they are so bad and no one here has been freaking for the last four years about them. Yet the link provided earlier showed that the current admin kept the majority of them in place and even added to some. Yet no angst about that. I wonder why?

But anyway, I'm to play bikes. Not this silly stuff so I'm done. Enjoy! :-)

Could it be that having some tariffs in place is OK and might even have desirable outcomes, but a blanket 60% tariff on all Chinese goods (and 20% on all other imported goods) might be detrimental to the economy overall?

Would you not agree that some tariffs =/= tariffs on all imported goods?

I don't see any administration as making all perfect (or poor) decisions, I judge each decision on its own merits. This one has the potential for disaster, as the vast majority of economists agree.