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- #326
Into the FO part
of FAFO
of FAFO-
AFLW 2024 - Round 10 - Chat, game threads, injury lists, team lineups and more.
I cant believe a wombat ate my face off!!!!
- Thread starter kranky al
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Republicans talking about getting rid of term limits so trump could serve another term after 2028, should be careful what they wish for.
It means Obama could run again, and unless they have successfully dismantled democracy in 4 years, trump ain’t beating Obama in a general election.
It means Obama could run again, and unless they have successfully dismantled democracy in 4 years, trump ain’t beating Obama in a general election.
- Thread starter
- #328
This may well be the wombattest thing ever:
So for those of you who don’t know, Rudy Giuliani had a party last night where he mocked the Marshalls who were trying to serve him papers for insurrection on Jan 6th.
Hes been hiding so they can’t serve him because there’s a statute of limitation and if they didn’t find him and serve him, he gets away, so old Rudy holds a private and secret party and gets on youtube and pulls the piss out of them - laughing and saying you’ve got till tomorrow morning har har etc.
So for those of you who don’t know, Rudy Giuliani had a party last night where he mocked the Marshalls who were trying to serve him papers for insurrection on Jan 6th.
Hes been hiding so they can’t serve him because there’s a statute of limitation and if they didn’t find him and serve him, he gets away, so old Rudy holds a private and secret party and gets on youtube and pulls the piss out of them - laughing and saying you’ve got till tomorrow morning har har etc.
- Thread starter
- #329
In fairness I originally thought a tariff was a tax levied on goods incoming to the company exporting rather than the local importer being 'punished' for buying foreign owned goods instead of domestic product.
11/25/2020
What Is A Tariff; Who Pays Tariffs, And What Are Their Impacts?
What is a tariff, what is its purpose and who pays? Key questions as President-elect Joe Biden inherits President Trump's China tariffs and China trade war.www.investors.com
Who Pays A Tariff?
...U.S. importers pay the bill for tariffs on goods imported into the U.S., but the question of who ultimately pays the tariff cost is more complicated.
When President Trump imposed tariffs of 10% on $200 billion worth of Chinese imports in September 2018, Walmart (WMT) and other retailers said the tariffs would result in some combination of higher prices or lower profits.
Bicycles built in China were among the products on Trump's tariff list. A 10% tariff on a bike with a wholesale cost of $60 would add $6 to Walmart's cost of importing that bike.
Walmart could pay $3 of the $6 cost and pass half of it on to customers, whose price would rise by $3. In that case, Walmart profit shrinks and customers are left with a thinner wallet.
The company exporting the bike also could share in the pain. Walmart could demand its supplier lower the price or lose the massive retailer's business.
Still another possible way to offset the hit to business profits and consumer wallets is through currency adjustment. If Chinese goods cost American importers less because of a stronger dollar, the cost of Trump's China tariffs wouldn't bite. Yet the yuan, after initially depreciating about 10% as China's economy slowed under the weight of tariffs, has since recovered the bulk of that decline.
On May 10, 2019, Trump proceeded to hike 10% tariffs to 25% on that $200 billion tranche of imports that included bicycles.
Consumers Didn't Pay China Tariff Costs
Even still, New York Fed researchers found that import prices from China, without the tariff on top, fell only 2% from June 2018 to September 2019 as tariffs ramped up. An October 2019 paper from researchers at Harvard, the Boston Fed and the University of Chicago's Booth School of Business found that major retailers imposed just a 0.7% price increase on products subject to a 20% tariff.
Bottom line: If end consumer prices and import prices were little changed, that means American importers have borne almost all of the cost of the tariffs. However, those importers may have sought to shift some imports to other countries that weren't subject to tariffs...
Chief
~ Shmalpha ~
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- #336
Did I see a YouTube title scroll past earlier today, including something like "Hispanic Trump voter says Trump will only deport the bad Latinos" ?
This worked for the Syrian Christians last time Trump was in power. Not.
EDIT: yes I did see it. About 6 minutes in. Mark this one down as a potential marsupial-initiated face-removal.
This worked for the Syrian Christians last time Trump was in power. Not.
EDIT: yes I did see it. About 6 minutes in. Mark this one down as a potential marsupial-initiated face-removal.
Last edited:
- Apr 23, 2016
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This is what happens when you pick your own adventure with what Trump says.
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