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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.

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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" [View all] 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