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lostincalifornia

(4,832 posts) Wed Nov 5, 2025, 10:13 AM Nov 5

Wilbur Ross is on Bloomberg lying his ass off about tariffs trying to push the bullshit that the "tariffs are not a tax"

word smithing that the exporter absorbs the cost.

To think that this jackass was the former secretary of commerce under the first trump administration, only highlights just how the sociopath in the white house has surrounded himself with not only the worst people, but the most unqualified ones.

Bloomberg was actually pushing back on this jackass.

One thing I agree with this jackass Wilbur Ross is that the SC is going to legitimize what trump did, and doesn't need Congress.

4 replies

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Wilbur Ross is on Bloomberg lying his ass off about tariffs trying to push the bullshit that the "tariffs are not a tax" (Original Post) lostincalifornia Nov 5 OP

"A tax is not a tax when we do it" is the logic I guess. unblock Nov 5 #1

So Wilber thinks that imposing tariffs lowers the cost of foreign goods to US importers. onenote Nov 5 #2

Don 't debate this, just paint the GOP as the cause of all cost increases, whether tariff or otherwise. dutch777 Nov 5 #3

I am not debating just observing the convoluted reasoning of these jerks twisting themselves into pretzels. lostincalifornia Nov 5 #4

unblock

(55,777 posts)

1. "A tax is not a tax when we do it" is the logic I guess.

Reply to lostincalifornia (Original post)

Wed Nov 5, 2025, 10:21 AM

Nov 5

Not only doesn't the exporter absorb all of the tariffs, or even most of the tariffs, in some cases it's utterly impossible.

Remember Donnie is slapping, in some cases, 100% tariffs.

It's impossible to make 100% profit, so if an exporter paid this entirely themselves, they'd be guaranteed to run a loss on everything single transaction. When the tariff is higher than the profit margin, Donnie is effectively mandating that the exporter has to push some of the tax onto the importer and/or the ultimate comsumer.

onenote

(45,841 posts)

2. So Wilber thinks that imposing tariffs lowers the cost of foreign goods to US importers.

Reply to lostincalifornia (Original post)

Wed Nov 5, 2025, 10:26 AM

Nov 5

Here's the "logic" of Wilber's claim:

An item is sold by a foreign exporter to a US importer for $100. A fifteen percent tariff raises the price to the importer to $115, which the importer would pass on to consumers, making comparable US product not subject to a tariff more competitive, but harming consumers.

BUT, according to Wilber, the exporter doesn't charge $100 anymore. It reduces its price so that the importer, after paying the tariff, doesn't have to charge more to consumers. Which means that importers are encouraged to continue purchasing from the foreign source, defeating the supposed goal of helping US companies become more competitive.

dutch777

(4,772 posts)

3. Don 't debate this, just paint the GOP as the cause of all cost increases, whether tariff or otherwise.

Reply to lostincalifornia (Original post)

Wed Nov 5, 2025, 10:31 AM

Nov 5

When we Dems message we burden it with too many words and too much detail. "GOP=higher costs" is all we have to say. Folks do realize who is in charge in DC and beyond that, the details don't matter. You can add "GOP only help the rich" to ice that cake.

lostincalifornia

(4,832 posts)

4. I am not debating just observing the convoluted reasoning of these jerks twisting themselves into pretzels.

Reply to dutch777 (Reply #3)

Wed Nov 5, 2025, 10:35 AM

Nov 5

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