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Tariffs raise a basic question: do we want third world junk or jobs that allow Americans to actually buy something more than third world junk.
Americans have been broadly supportive of Trump’s tariffs, special interests have not. Their arguments however need work.
The Wall Street Journal blasted the tariffs in an editorial calling them ‘dumb’.
Mr. Trump also objected when we reported an analysis by the Anderson Economic Group that the 25% tariff will raise the cost of a full-sized SUV assembled in North America by $9,000 and a pickup truck by $8,000. Is this how the new Republican Party plans on helping working-class voters?
Which working class voters can afford a ‘full-sized SUV’ where the average starting price is $64,712? Raising that to $73,000 is meaningless for working class people. Might as well raise it to $730,000.
Even assuming that we take the Anderson report, which has a dog in this race, seriously, the WSJ is ignoring the details.
Using those figures, it predicts that even small crossovers will see at least a $4,000 price increase. Large SUVs with “significant content” from Mexico would go up by roughly $9,000 and trucks would see a similar bump.
Electric vehicles will get hit hardest though. AEG believes they’ll see an increase of $12,000 on average.
It’s hardly a working class tariff, it’s hitting the vehicles bought by the wealthiest people hardest.
But these are nightmare projections aimed at getting the Trump admin to waive tariffs on parts. As opposed to making them domestically.
Is the WSJ really concerned about the working class? If so, it ought to ask why the price of cars has skyrocketed. And a big part of the answer lies with our global trade entanglements. Most of the blame for car price increases was leveled on global supply chains. But now we’re being told that trying to decouple from those global supply chains is what’s causing price increases.
WSJ?
LMAO!!! Are they still even a hint relevant?
“No one goes there anymore. It’s too crowded.”
Here’s an idea: look up the readership.
Only in litter boxes and bird cages.
What do you think is true of the readership of the Wall Street Journal versus readership of Frontpagemag?
Being stupid enough to read the Wall Street Cornhole is nothing to brag about. That’s like bragging about watching MSDNC or “The View.”
Only neocons and libertarians read that rag, and they’re all scumbags.
A person is stupid because they read the Wall Street Journal? You continue to entertain me with your own truly stupid statements, which I have every intention of continuing to expose. Daniel must read the WSJ at least occasionally since he’s written a column criticizing one of the paper’s assertions. Is Daniel stupid?
It’s telling how many questions you refuse to answer. Will the tariffs hurt only the rich? Will companies continue to export to the U.S. if it is no longer profitable?
You’ve gone from “dorks” to “scumbags.” I suspect like so many desperate libs the Hitler card is coming soon. You’ve inadvertently done a great imitation of your god Trump. He’s the guy who successfully demonized DeSantis after DeSantis stated something had to be done about the unfunded liabilities of SS and Medicare. That was Trump doing the Democrat. Here’s your god’s solution for those unfunded liabilities–> <– Let me guess, you think the unfunded liabilities are "bullshit!" Did I nail it?
Only dorks play the harmonica? You haven't answered "did Reagan play the harmonica?"
You got nuthin'! You are probably one of the people who applauded wildly when Trump said he'd get Mexico to pay for the wall. That check come in to pay for it yet?
See you tomorrow in the Frontpagemag comment section. Can I count on more dumb statements. Thanks for making it so easy to expose your shallowness.
“Stupid is as stupid does.” Even Forrest Gump knew that and he was a retard. Pretty sad when dorks like you’ are dumber than a fictional retard, eh?
Greenfield is a journalist so he has to read garbage like the Wall Street Journal so his readers don’t and warnings aren’t praise.
“It’s telling how many questions you refuse to answer. Will the tariffs hurt only the rich? Will companies continue to export to the U.S. if it is no longer profitable?” I already refuted and mocked those stupid accusations, you deranged liar.
Take your TDS to your therapist. Maybe he’ll let you play your harmonica. As if harmonicas are cool because one cool guy played one.
And Mexico did fund the wall and now has thousands of federal troops and the Mexican Army at the border. I guess Wall Street will have to make do with the 20 million wet back parasites your buddies brought in over the last four years.
I’m not surprised you’re a masochist. All neocons and Libertarians have mental disorders.
The next thing you know, President Trump will impose tariffs on Caviar and Cartier. What will the working class do then?
“Because there are no tariffs on anything the non-rich buy” said no one ever whose looked at the data.
“whose” should have been “who’s.” Bad recognition of homonyms on my part.
Yes, the moron is semi-literate in English but thinks he’s clever. He’s a genetic dead end.
What will the members of the working class who end up losing jobs because of the tariffs do then?
Go home to Fantasy Land?
That’s all you got? None of the usual immature name-calling used as a pathetic substitute for a sound counter argument? I will continue to enjoy exposing the evasive, ridiculous nature of your weak comments.
Exactly who in the working class will supposedly lose their jobs because of tariffs on foreign countries which have been ripping off America and why? And why didn’t any proles lose their jobs during President Trump’s first administration?
And don’t expose yourself near any playgrounds, Chester.
This is from today’s WSJ. (YOU can get it at a local library!)
“Trump’s Tariffs Whack Trump Voters: Whatever happened to GOP concern for the working class?”
In your own Fantasy Land, tariffs only affect the rich and companies don’t raise prices when hit with tariffs. Let’s test your math skills. If the minimum you would do something for is $40, and then the government hit you with a $5 tax every time you did it, what would be the logical new minimum necessary to get you to do it? (Hint for you. It’s a round number below $46 and above $44.)
I’m going to continue exposing your ignorance.
“Trump’s Tariffs Whack Trump Voters: Whatever happened to GOP concern for the working class?”
The WSJ is whacking off its retarded readers. How are Americans going to get “whacked” by tariffs on goods they don’t need or even want? Are prices going to be raised on Canadian bacon and shitty “American” cars from Mexico? They’ll save money because pizza joints have already reached their limit on Wall Street/Black Friday Joe price hikes and President Trump won’t shower Ford and GM with their tax dollars because their cars suck ass and they can’t compete with Toyota. And China isn’t going to raise the price on anything. It won’t even have to make its coolies and slaves work any harder to keep up its shit flow.
The only people who are whacked are you and the effete patricians at the Wall Street Jerkoff. Ordinary people don’t care about bankers, stock brokers and other parasites.
WSJ used to be a good paper. I used to read it at lunch in Berkeley in the 1980s.
The WSJ has sucked for a long time now. It pretends to be conservative the way that PBS lefty, David Brooks used to.
“It pretends to be conservative.?” Talk about putting that softball up on a tee!
Conservatives are supposed to support free markets.
It was none other than Donald Trump, facing criticism in National Review, who said “no one reads it anymore” and “it’s the Republican Party not the Conservative Party. (But I guess because some columnists criticized Trump they just can’t be conservative!)
Liberal William Galston frequently has columns in the WSJ. The WSJ publishes rebuttals of his editorial His column today is titled “How Trump Sees the World.”
Thomas Sowell has been critical of Trump’s tariffs. I guess that makes him a liberal….
There’s no such thing as a “free” market and the WSJ supports market manipulation. Neocons and Libertarians aren’t conservative, they’re jerkoffs.
Thank you for all these entertaining shallow and ignorant remarks. I’ve copied them and will be using them for other essays’ comment section. You got mentioned in the Bruce Bawer essay. Enjoy.
“You do not make America great again by raising the price to Americans, which is what a tariff does.:” Thomas Sowell
Ever heard of Thomas Sowell? ) He earned a Ph.D. from the University of Chicago after getting his undergrad degree at Harvard . He did teach at the college level so I guess since in your world “the only thing dumber than college professors is their students,” he’s a dummy, right?
Quoting a black guy doesn’t boost your retarded argument. Blacks would be serfs with the rest of the working class if feudalists like you and the WSJ fart sniffers had your way.
Maybe the Trump Tariffs will be the final nail in the coffin for the EV market.
Aw, I hope Musk continues to sell them to the green dorks. If dorks are going to spend their money at least have them put it in a cool guy’s pocket.
Hmmm. whose the CEO of Tesla, a major seller of electric vehicles?
See “DOGE.”
Who’s the CEO of Tesla, not “whose.” President Trump just made English the national language. Learn it.
And what point are you struggling to make?
If you read more, you would realize I corrected the careless mistake of the homonym.
Did you ever take a basic economics course?
“Tariffs are not intended to raise the prices of imports.”
The WSJ “pretends to be conservative?”
People engage in voluntary transactions all the time that don’t make them better off?
Maybe Trump can balance the budget by putting a tax on very dumb statements. He might be able to balance it solo by taxing your ridiculous statements.
I already refuted and ridiculed your four stupid questions. Get some new material after you get off the toilet.
Dumbshit.
If I had the extra money, I’d go out today and buy a new Tesla just to support Musk.
the EV market is dependent on China for rare earth and other materials
China wants to take over our car market with EVs
Biden and the Euros tried to fight that off with even heavier subsidies and green ‘tarrifs’ (remember all the greens love tariffs on Chinese solar and green junk to protect their graft industries)
GM, Ford etc failed to launch their EV lineups, the alternatives are rapidly going bankrupt
so the crash is coming
I don’t know. EVs should be fine as a niche market. Musk knows what he’s doing and makes a good product, for people who like EVs. (I wouldn’t own one even if I could afford to.) Ford and GM suck in every way, shape and form so they were doomed to failure in the EV market the second they decided to enter it.
Toyota just stopped making an EV which only cost $6000. US dollars, if I remember correctly. They weren’t sold in America for some reason and I have no reason why they’ve been discontinued. They would’ve sold here no problem.
I’m a big fan of Daniel and contributed financially to his efforts but he gets an “F” for this analysis. It really is a simple question: do the non-rich buy many of the things whose price will go up because of the tariffs?
As for the mind-numbingly dumb assertions in the comment section about the relevancy of the WSJ, here’s an idea for Truthophobes, look up the paper’s readership.
It really IS this simple. The tariffs are intended to raise the price of imports–DUH–so that Americans will buy higher priced domestically produced goods.
I can’t even buy an American-made harmonica. A company did start producing them here in the U.S. but they were almost 4 times the price I pay for the harmonicas I use. That company folded quickly.
Consumers want low prices. Suppliers want high prices. Tariffs raise prices. How much? I read the WSJ daily and that excellent paper just devoted a column to explaining which items are more affected. Those not suffering Truthophobia should read it.
Here’s an incredibly dumb assertion: “Trade wars are good. We can win them.” Anyone who truly understands economics realizes voluntary transactions only take place when both parties expect to be better off. We do not “trade equal for equal.” Trade is not a war.
I’m sure Smoot and Hawley thought “tariff” was a beautiful word. How’d that work out?
Trigger warning! I’m about to provide evidence.
The Wall Street Journal (WSJ) has over 4.3 million paying subscribers as of June 2024. The majority of these subscribers are online-only. The WSJ is the largest newspaper in the United States by print circulation.”
Any critic of the WSJ want to venture a guess about the average educational level of those readers? C’mon, don’t be afraid.
Canada, Mexico and China can’t jack their prices way up without harming themselves.
The WSJ is even less relevant than the NYT and the rest of the Minitrue Media. Big names don’t equal big influence.
Tariffs are not intended to raise the prices of imports, nor will they significantly. The American market is the most lucrative in the world and foreign companies want to keep profiting from it, not lose it.
Harmonicas are NOT an accurate metric of American made goods and only dorks buy them.
Every time President Trump raised tariffs in his first term, America’s economy improved and only neocons and other retards read the WSJ.
Anyone who truly understands economics realizes voluntary transactions take place every day where only one side benefits. And only idiot libertines are Libertarians.
Canada, Mexico, China and the EU are already engaged in trade wars with America and they’ve been winning because of scumbags like you and the ones in government.
I’m sure Smoot and Hawley’s opinions are as relevant today as anti-sodomy laws are to Libertarians and leftists.
“The WSJ is the largest newspaper in the United States by print circulation.” Bull fucking shit. And 4.3 million subscribers in a country of 330 million citizens, 50 to 70 million illegal aliens and 15 million legal residents is a pathetic figure. Fox News gets far more customers in a single day and it sucks.
Netflix is an example of a successful subscription service, not the laughable WSJ.
The vast majority of WSJ subscriptions are at libraries, not homes. That’s akin to charity. It’s left-wing corruption, not the product of a marketplace.
And colleges are a joke. Scholarship died off long ago and was replaced by “woke” indoctrination. With the tiny exception of STEM courses, the only people in America dumber and more ignorant than university and college professors are their students. They’re the collective Ignorati.
Really, gene trash. IQs are supposed to be to the left of the decimal point.
From today’s WSJ. It is clearly talking about people like you. “How to Think About Tariffs and Stocks.”
Investors shouldn’t take much comfort from how the markets performed during the first Trump administration’s trade war
Experience is the best teacher, but not if school is canceled.
Add it all up, and stocks might need to pay for an expensive economics lesson.
(But hey Jeff, I guess in your world stocks are actually up, right?
As if ordinary people benefit from the stock market, which is crooked as the year is long. “How to think?” A sure prelude to lies and manipulation, every time that’s written. The WSJ’s vested interest in particular tariffs and stocks are part of why it’s so corrupt, wrong and suckworthy.
President Trump is right and the Wall Street Cornhole is consistently wrong.
America has huge trade tariff deficits with Canada, Mexico, China and the EU. The WSJ loves that and wants it to continue but President Trump and the majority of Americans don’t. We win and you lose in Trump’s America. Eat his shit and like it.
You dunce! Do you know what percent of non-rich adults own stocks through mutual funds in their retirement account? The stock market is crooked? You keep feeding me dumb statements to expose.
Your resort to foul language is unsurprising. It just reinforces how clueless you are.
I voted for Trump! I’ve been a featured speaker at three “Tea Parties” and an emcee of another. So much for me losing.
I was made worse off after your god mismanaged to give Sleepy a Dem Congress to work with. But you laughably push the nonsense the election was stolen. I guess all the elections that gave Sleepy a Dem Congress were also stolen, right? C’mon Jeffie, tell us why Fox settled with Dominion Voting Systems for $787,000,000? How did things work out for Giuliani? A sincere “thank you” as I am enjoying this.
Hey, Dick Johnson (snort!) Good name for a double dickhead.
Do YOU know what percent (sic) of non-rich adults own stocks through mutual funds in their retirement account? (sic) (Do you know how many didn’t ask for that?)
The stock market is isn’t crooked? Prove it.
You keep feeding me dumb-ass statements to laugh at.
More from today’s WSJ! Corporate tax cuts were made at the same time as the tariffs were imposed. Think there’s some chance that this explains the economy? Ever do multivariate regression analysis, Jeff? Did you correct for multicollinearity and heteroskedasticity? (People who got something out of college understand what those are.)
Multivariate regression analyses? Multicollinearity and heteroskedasticity? Arcane terms are only used by liars and cheats to obscure their stupidity and criminality. It’s a form of fallacious argumentation.
So why are the WSJs recommendations and predictions wrong nearly all the time? Why do they only benefit businesses and stocks that rag favors?
You really are quite stupid and your polemics are sophomoric.
President Trump’s tariffs always produce beneficial results for America, which is why America’s enemies, of which you are one, oppose them.
25% additional tariffs against Canada and Mexico and 10% on China already went into effect on Tuesday so Trump’s America wins and its enemies like you and the CMC Axis lose. Eat it, ha HAW!
I’m an enemy of America? I voted for Trump.
The evidence which you so conspicuously ignore refutes that “President Trump’s tariffs always produce beneficial results for America.” Your ignorance is entertaining.
The evidence—GASP! run Jeff, run!–demonstrates countries open to trade have higher economic growth rates.
Tell us Mr. Foulmouth, how did avoiding the outside world work out for China?
Your supposed vote for Trump doesn’t make you a patriot.
What “evidence” contradicts the FACT that America benefited from the tariffs he imposed in his first term? How does preventing Canada, Mexico and China from having hundreds of billions in a trade imbalance with America harm us Mega MAGA supporters? What do they sell that we want or need?
What countries are closed to trade? And why is America’s growth rate retarded by Canada, Mexico, China and the EU?
And you’re shit for brains stupid enough to tout Imperial China’s growth into a world class destabilizer of human civilization as a positive development?
I bet your breath stinks.
“Anyone who truly understands economics realizes voluntary transactions take place every day where only one side benefits.” C’mon genius, explain to readers why anyone would voluntary enter into a transaction if they didn’t expect to be better of. We’ll wait for your excellent answer.
It is only government that forces people to pay for things whether they want them or not.
No. You explain why America suffers huge trade deficits with Canada, Mexico, China and the EU. Do you claim America’s previous administrations were involuntary trade participants?
Fucking retard. Few people are more annoying than stupid ones who think they’re clever.
Woke Street Journal at it again. First and last, most working class Americans do not drive $64,000 vehicles now, Tariffs will not change that statistic. The WSJ is probably the most elitist paper there is, Dumb article from the Journal, good write-up from Daniel.
Hmmm, if the Wall Street Journal is the “Woke Street Journal,” maybe you’ll support that assertion by pointing to ANY editorials in the WSJ supportive of DEI. We’ll wait.
Non-rich Americans do buy many imports. Is that an inconvenient fact or false?
“The WSJ is probably the most elitist paper there is?” What makes it elitist? Expecting people to understand basic economics?
So DEI is the only feature of the “woke” phenomenon? DERP.
And why does the WSJ force DEI on its employees?
Fuck but you’re stupid.
I guess only the rich buy imported fruits and vegetables right?!
“Tariffs are not intended to raise the price of imports?” When did you drop that Econ course you were clearly failing? Try reading the WSJ to learn why you’re wrong.
Only dorks buy harmonicas? Time to recalibrate the Desperatestatementometer! Was the harmonica-playing Reagan a dork?
Let me help you with some economic logic. A tax is a cost. To profit, the price has to be higher than the cost. The tax on gasoline is on the supplier. Tell us how much of that gets passed on to consumers. (Commence with the name-calling and evasion and pretend you don’t got nuthin’!)
Most WSJs are at libraries? First of all, congratulations on just making crap up. Secondly, why do you think libraries have them?
The econometric studies, which you obviously could not understand, demonstrate the cost of previous tariffs. But I guess that evidence is just “bullshit” in your pathetic little world.
Remember when, in an election year, President Bush tried to buy the votes of union workers in toss-up states with tariffs on steel. C’mon genius, tell us what Europe then put tariffs on.
Let’s see in your predictable, lame, evasive response if you’ll address which has more readers, the WSJ or Frontpage. C’mon. We’ll wait.
“And colleges are a joke.” Hmmm, what does the evidence tell us about the relationship between a college degree and income?
I’ve been a featured speaker at multiple Tea Party rallies and an emcee of another. Look up my Tea Party speech to see how foolish your assumptions are. Alternatively, you might want to spend that time reading what Adam Smith wrote about the trade deficits in his book The Wealth of Nations.
As for history not being relevant, who is clearly of low IQ?
I’m looking forward to posting your comments on my office door. Laughter is medicine.
The overwhelming majority of imported produce is grossly inferior to American grown produce and the overwhelming majority of working and middle class consumers prefer to pay SLIGHTLY higher prices for VASTLY superior products. California farmers tend to be rich for a reason. That’s a free economics lesson for you and the WSJ liars.
Countries don’t charge tariffs to raise prices they do it to protect their key industries and to prevent themselves from getting ripped off by cheap foreign labor, dumbass. Economics lesson.
A tariff is a tax. All those tariffs President Trump imposed in his first term benefited America. Economics lesson.
The WSJ, and NYT for that matter, don’t get most of their circulation from libraries? Their subscription numbers prove otherwise. Stop making crap up.
Economics is NOT a science and lies told by people with low to average IQs are easy to spot, dimwit. Again, Trump’s tariffs were successful so any WSJ “econometric” studies which claims otherwise are indeed bullshit.
Trump isn’t Boosh and he sure as fuck doesn’t suck up to unions. Just ask Elon Musk, who like President Trump, is a highly successful businessman in difficult fields.
Which has more readers, the WSJ or DC or Marvel comics? Hint: it sure as fuck isn’t the WSJ. Which is well written and factual and which is a rag, the WSJ or FPM? We both know the true answer.
What does the evidence tell us about the relationship between a college degree and income? It tells us that most degrees don’t deliver high incomes but business ownership does. Just ask all those unemployed college grads living with their mommies.
I’m not interested in your tea bagging career or Adumb Smith. Jake Crapper and Rachel Mancow have their own “News” shows on TV and websites. They must be super geniuses, ha HAW!
I never wrote that history isn’t relevant. Stop drinking your bong water. It probably kills brain cells.
Send me some paper comments but write them on toilet paper so I can wipe my ass. Stupidity is supposed to have limits, cretin.
I was asked to give a talk about tariffs to some local groups and will be doing so in two weeks. I’m really looking forward to quoting you as I expose your economic illiteracy.
Additionally, I’ve copied your comments into a file so I can reproduce from time to time in the comment section for other essays. You’ll enjoy the one I posted in the Bruce Bawer essay.
Readers recognize how you avoid a straightforward simple question: which has more readership, the Wall Street Journal or Frontpagemag?
Adumb Smith. How creative!
Now, tell us again how “church” is a proper noun. That was so funny, easily refuted stuff! Tell us about your successful business. Probably not as a writing tutor…
I shall buy NOTHING and like it!