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General Discussion

Bernardo de La Paz

(57,647 posts)

6. Tariffs reduce economic activity and even if tariffs were constant, declining trade will reduce tariff taxes collected.

Reply to Norrrm (Reply #1)

Wed Jul 23, 2025, 08:19 AM

Jul 23

Tariffs will have (are beginning to have) a negative effect on US economic activity. Stellantis announced a loss and GM profits were reduced. Reduced profits mean reduced money for re-investment or for spending. Higher prices means fewer purchases by consumers. Retaliatory tariffs mean fewer exports which leads to lower profits and fewer jobs which means fewer purchases.

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US Companies, Consumers Are Paying for Trump's Tariffs, Not Foreign Firms [View all] lostincalifornia Jul 23 OP

"revenues" --- The tariffs are going great.... if you say it in a certain way. Don't mention higher taxes or inflation Norrrm Jul 23 #1

Tariffs reduce economic activity and even if tariffs were constant, declining trade will reduce tariff taxes collected. Bernardo de La Paz Jul 23 #6

Try explaining this to MAGA Duncanpup Jul 23 #2

Whoever did the report on tariffs on MJ today repeated several times that countries had to pay tariffs. doc03 Jul 23 #3

A bit of both newdeal2 Jul 23 #4

Not Japan, but Japanese companies might absorb the cost by lowering prices to keep US dealer input costs stable Bernardo de La Paz Jul 23 #7

Let me know if and when that happens newdeal2 Jul 23 #8

"Stupid" may be too harsh a word. Mr. Joe Steel Jul 23 #5

My senior friend, over 78, was totally convinced by Fox that China paid those billion$ in tariffs. Norrrm Jul 23 #11

So Bloomberg is just figuring this out? travelingthrulife Jul 23 #9

Hey Bloomberg, DUH! Brainfodder Jul 23 #10

America, living and learning. republianmushroom Jul 23 #12

trump's tariffs are taxes being paid by US citizens LetMyPeopleVote Jul 26 #13

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