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LiberalArkie

(17,339 posts)
1. Very good debate. When tariffs were a big deal back in history, there was no income taxes.
Sat Jan 25, 2025, 10:09 AM
Jan 25

Also there were no infrastructure, no streets, no pavement etc..

Wounded Bear

(61,302 posts)
2. Arguing about 'who pays tariffs' is beside the point...
Sat Jan 25, 2025, 12:08 PM
Jan 25

Any tax on any product at any point in the production or supply chain will increase the price for the end user. Producers and handlers will not pay those taxes without passing it on to the consumer. There may be workarounds and efficiencies that can offset some of the cost, but by and large the cost will be passed on to the consumer. Nobody is just going to "eat" the cost of added tax burdens on products. It will always be passed on to the end buyer.

LilElf70

(705 posts)
3. And yet
Sat Jan 25, 2025, 12:10 PM
Jan 25

the King and idiotic minion magats still don't get it. Go figure. I still don't think this guy got it.

Historic NY

(38,453 posts)
4. And he's wrong about Buick its the most popular Chinese made product by GM
Sat Jan 25, 2025, 12:25 PM
Jan 25

it accounts for over 80% of the GM Buick marquee. Buick has over 10 million in sales since 1998. Chinese say its stands for quality.

https://media.buick.com/media/cn/en/buick/home.detail.html/content/Pages/news/cn/en/2024/nov/1112-buick.html]

Simeon Salus

(1,396 posts)
5. A tariff is one of the few things the president may legally do unilaterally
Sat Jan 25, 2025, 12:28 PM
Jan 25

That's why he said he would do it; it's a promise he can actually keep, no matter the consequences.

6. Simeon Salus, you HIT THE NAIL ON THE HEAD.
Sat Jan 25, 2025, 12:41 PM
Jan 25

No 'oversight', no way to stop him doing it. He's the 'snake oil salesman' of policy.

aggiesal

(9,767 posts)
8. I agree that consumers pay the tariffs, but the 1st interviewer does have a point. ...
Sat Jan 25, 2025, 01:04 PM
Jan 25

Let me explain, I'll use shoes.

Company 1 is a US company that makes gym shoes and pays employees a living wage with benefits & pays wage taxes like Social Security, ... Their shoes cost $20 to make per pair & they charge $30 wholesale & the wholesaler charges $50 retail.

Company 2 is a foreign company that makes gym shoes and pays employees a slave wages with no benefits & pays no wage taxes like Social Security, ... Their shoes cost $5 to make per pair & they charge $20 wholesale & the wholesaler charges $40 retail.

Here is how I was taught about tariffs.
The US wholesaler that's purchasing the gym shoes from Company 2, would have to pay a tariff of $10 to match the price that a wholesaler paid Company 1.
So both wholesalers have now paid $30 for a pair of shoes.
Presumably they will each retail at the same $50 to the consumer (i.e. you & me).

At this point we have a decision to make. For $50 we get to decide which are the better gym shoes, instead of just purchasing the cheaper price of $40.
Again we the consumer now get to decide which is the better pair of shoes.
Yes, if you purchased the Company 2 shoe, you paid for the tariffs fee, but either way you're paying $50.

It is a strategy to maintain US jobs, if done correctly.
But we all know Mierda47 is just implementing blanket tariffs which will cause a tariff war and everyone will suffer.

If I got this wrong, please feel free to correct, so I can better understand.

isitreal

(69 posts)
9. Buick and China
Sun Jan 26, 2025, 01:52 AM
Jan 26

I don't believe the Tarif lover when he says "I traveled to china and don't see any Buick cars there. Why not" I wondered why no because I was in china last fall and saw plenty of them. Buick has had a long history there.

In the 1910s and 1920s, Buick was a prestige brand in the Republic of China with the brand driven by or for high-level politicians and the Emperor. The latter imported two Buick cars in 1924, making it the first automobile to enter China. By 1930, Buick claimed one-sixth of the total number of cars in the country.

Buick - Wikipedia

Wikipedia

Currently Buick sales are falling. I suspect one of the reasons is the Chinese are buying lots of EV's. I saw lots of Ev's of many kinds. From bicycles and motor cycles parked every where that you can scan a QR code on your phone and then ride off on. To even city buses, I estimated about 20% of the city buses I saw and rode on were EV.

Buick's sales in China have been declining in recent years:
2023: Buick sold about 517,000 vehicles in China, a 21% drop from 2022
2022: Buick sold 653,122 vehicles in China, an 18.2% drop from 2021
2021: Buick sold 828,432 vehicles in China, a 10.59% drop from 2020
2020: Buick sold 926,532 vehicles in China, a 6.31% increase from 2019
2019: Buick sold 871,506 vehicles in China, a 17.58% drop from 2018

from MSNBC 2019
About 80 percent of Buick’s global sales last year were in China, and nearly a third of GM’s sales in the country came from that brand alone. About 64 percent of Buick’s sales in China come from vehicles it doesn’t sell in the U.S., such as the Excelle sedan, the GL6 and GL8 minivans, the Velite 5 hybrid and the Verano compact car.

There really are a variety of reasons for this, say industry experts. First the Buick name is famous in China. It was the vehicle of choice for many famous Chinese figures in the middle of the 20th century, including some of the country’s best-known political leaders.

From CNBC August 2024

BEIJING — For the first time in China, new energy vehicles have outsold traditional fuel-powered passenger cars on a monthly basis, according to China Passenger Car Association data for July.

New energy vehicles include battery-only and hybrid-powered cars. The category accounted for 51% of new passenger cars sold in China last month, according to a release late Thursday.

That’s up from a penetration rate of 36% exactly a year ago, and a dip below one-third in January, according to CNBC calculations of passenger car association data.


Buick sells several electric vehicles (EVs) in China, including the Electra E4, Electra E5, and Velite 6.

See this link for what companies are currently the EV market share holders. Tesla is number 3 after 2 Chinese companies. While GM is not in the top 10.
https://cleantechnica.com/2024/07/02/47-plugin-vehicle-market-share-in-china-ev-sales-report/#google_vignette


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