Mainecat Posted December 28, 2019 Share Posted December 28, 2019 Well duuuuhhhhh... Fed study finds Trump tariffs backfired Source: Marketwatch President Donald Trump’s strategy to use import tariffs to protect and boost U.S. manufacturers backfired and led to job losses and higher prices, according to a Federal Reserve study released this week. “We find that the 2018 tariffs are associated with relative reductions in manufacturing employment and relative increases in producer prices,” concluded Fed economists Aaron Flaaen and Justin Pierce, in an academic paper. While the tariffs did reduce competition for some industries in the domestic U.S. market, this was more than offset by the effects of rising input costs and retaliatory tariffs, the study found. “While the longer-term effects of the tariffs may differ from those that we estimate here, the results indicate that the tariffs, thus far, have not led to increased activity in the U.S. manufacturing sector,” the study said. Tit-for-tat trade retaliation is an idea best relegated to the past, given the presence of globally interconnected supply chains, the Fed researchers found. Read more: https://www.marketwatch.com/story/fed-study-finds-trump-tariffs-backfired-2019-12-27?mod=home-page Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 28, 2019 Share Posted December 28, 2019 3 Quote Link to comment Share on other sites More sharing options...
SVT MXZ XRS Posted December 28, 2019 Share Posted December 28, 2019 6 minutes ago, Zambroski said: AGAIN! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted December 28, 2019 Platinum Contributing Member Share Posted December 28, 2019 (edited) Its called a strong dollar MC. I hope your hatred for Trump considerably shortens your life and puts you out of your misery. Edited December 28, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
Edmo Posted December 28, 2019 Share Posted December 28, 2019 Posts 10 anti Trump stories everyday. Rejects the notion of media bias. seems legit. Quote Link to comment Share on other sites More sharing options...
Snake Posted December 28, 2019 Share Posted December 28, 2019 1 4 Quote Link to comment Share on other sites More sharing options...
Pete Posted December 28, 2019 Share Posted December 28, 2019 39 minutes ago, Edmo said: Posts 10 anti Trump stories everyday. Rejects the notion of media bias. seems legit. He’s not a dem tho.... Quote Link to comment Share on other sites More sharing options...
Edmo Posted December 28, 2019 Share Posted December 28, 2019 Just now, Pete said: He’s not a dem tho.... Most independents I know repeatedly quote DU and Vox! He’s not fooling anyone. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted December 28, 2019 Platinum Contributing Member Share Posted December 28, 2019 5 minutes ago, Edmo said: Most independents I know repeatedly quote DU and Vox! He’s not fooling anyone. Yes he is. Himself. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted December 28, 2019 Platinum Contributing Member Share Posted December 28, 2019 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted December 28, 2019 Share Posted December 28, 2019 Federal reserves in the long line of people who are trying to take down trump with #fakenews Good thing he knows more than economists, generals and basically anyone else in this world. Quote Link to comment Share on other sites More sharing options...
Snake Posted December 28, 2019 Share Posted December 28, 2019 6 minutes ago, Angry ginger said: Federal reserves in the long line of people who are trying to take down trump with #fakenews Good thing he knows more than economists, generals and basically anyone else in this world. Paul Krugman said the market would never recover from Trump and the Generals have been lying about Afghanistan for years. He's not making loans or delivering boxes.... so..... 1 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted December 28, 2019 Author Share Posted December 28, 2019 The apologists for Trump continue to line up like crackheads. Amazing how dumb people are. Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted December 28, 2019 Share Posted December 28, 2019 1 hour ago, Angry ginger said: Federal reserves in the long line of people who are trying to take down trump with #fakenews Good thing he knows more than economists, generals and basically anyone else in this world. Well so far, Trump has been proven to be more right than many of those economists and generals. Quote Link to comment Share on other sites More sharing options...
Gold Member Stephen Hawking Posted December 28, 2019 Gold Member Share Posted December 28, 2019 Manufacturing is slowing but we are giving out 6 month plus delivery dates and customers are accepting them because they can't do better elsewhere. Local machine shops are poaching workers because they can't keep up with demand with the help they have now. Our customers are spending like drunken sailors, never seen anything like it. Boy this economy sucks. Quote Link to comment Share on other sites More sharing options...
Carlos Danger Posted December 28, 2019 Share Posted December 28, 2019 59 minutes ago, Mainecat said: The apologists for Trump continue to line up like crackheads. Amazing how dumb people are. When will you grow tired of spreading lies on the behalf of the progressives? Quote Link to comment Share on other sites More sharing options...
bussman Posted December 28, 2019 Share Posted December 28, 2019 1 hour ago, Mainecat said: The apologists for Trump continue to line up like crackheads. Amazing how dumb people are. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 28, 2019 Share Posted December 28, 2019 (edited) 2 hours ago, AKIQPilot said: Well so far, Trump has been proven to be more right than many of those economists and generals. 30 years of bad trade policy, and now they’re gonna whine about some short term pain, when the pain had been far wider and more pervasive before the tariffs and Trump confronting the imbalance. Imagine how much stronger the economy would be if he hadn’t tackled it. Imagine the long term benefits if he successfully corrects this imbalance. Edited December 28, 2019 by DriftBusta Quote Link to comment Share on other sites More sharing options...
SSFB Posted December 28, 2019 Share Posted December 28, 2019 3 hours ago, Snake said: More evidence that his supporters are on another level. 1 1 Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 28, 2019 Share Posted December 28, 2019 38 minutes ago, Carlos Danger said: When will you grow tired of spreading lies on the behalf of the progressives? Translation: “When will you decide to think for yourself?” Rhetorical, of course. Quote Link to comment Share on other sites More sharing options...
Zambroski Posted December 28, 2019 Share Posted December 28, 2019 25 minutes ago, SSFB said: More evidence that his supporters are on another level. I just shook my head. But, imagine....if you will. A dysfunctional party (out of two) that decided to pioneer the new brand of identity politics, only to fall into a trap over and over again of being labeled the fascist, anti-America party while not realizing it but, deciding to embrace the title and run full force with it anyway. Welcome to......the Dem Zone! Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted December 28, 2019 Share Posted December 28, 2019 41 minutes ago, SSFB said: More evidence that his supporters are on another level. Winning! Quote Link to comment Share on other sites More sharing options...
SSFB Posted December 28, 2019 Share Posted December 28, 2019 2 minutes ago, DriftBusta said: Winning! If somebody wraps their sled like that, they're not winning. They have TDS. 1 Quote Link to comment Share on other sites More sharing options...
bussman Posted December 28, 2019 Share Posted December 28, 2019 47 minutes ago, SSFB said: More evidence that his supporters are on another level. It’s just so awesome. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted December 28, 2019 Share Posted December 28, 2019 2 hours ago, Stephen Hawking said: Manufacturing is slowing but we are giving out 6 month plus delivery dates and customers are accepting them because they can't do better elsewhere. Local machine shops are poaching workers because they can't keep up with demand with the help they have now. Our customers are spending like drunken sailors, never seen anything like it. Boy this economy sucks. Still very true. We are on the process side and see the same thing. If you can get it done fast, you will likely end up regretting it. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.