patrick.net

Trump has repeatedly talked about it. And that has been talked about here on PatNet.

DOGEWontAmountToShit says

Trump has repeatedly talked about it. And that has been talked about here on PatNet.

Us talking about is one thing. But I never heard Trump mentioning abolishing FIT simultaneoulsy with installing steep across-the-board tariffs.

UPD. I guess I wasn't paying enough attention: https://www.cnbc.com/2024/06/13/trump-all-tariff-policy-to-replace-income-tax.html

Uncoupling FIT means uncoupling the Vatican Caboose (or is it the engine car?).

Trying to remove the foreign Three Cities mercantile corporate occupation of foreign city state of Washington DC to get back to the Republic appears to be a Gordian Knot. Getting rid of FIT altogether and removing the Vatican as the paymaster of DC and the military may be the way to cut the Gordian Knot, along with ejecting the Fed.

The Fed and the IRS are both incorporated in Puerto Rico, the teeth of the vampire not even in USA.

No problem with FIT being abolished for overseas sales & operations.

Problem with FIT being abolished if they play games and try to book FIT exemption on goods made in CHYna and shipped for sale to the US.

In the end, I bet Trump will use the tariffs against the special globalist interests in Congress for replacing the FIT with a FVAT instead.

The VAT has the nice characteristic of being applied to imports, unlike the FIT. So it is a tariff as well. A 'legal' one under WTO rules.

DOGEWontAmountToShit says

A 'legal' one under WTO rules.

Yeah, if the EU likes a solution, it's legal.

Man if we imposed a VAT how the EU would howl, too!

Trump’s company-funded tariffs will also promote investment in manufacturing facilities in the US, but the motivation is different. Companies would want to dodge the tariffs that are a tax on their profit margins, and they can dodge them by producing in the US, which would also allow them to dodge transportation costs, loss of IP, and other risks.

Companies cannot automatically pass on the tariffs; they’re already charging the maximum price they can without losing sales. Price increases will hurt those sales. Buyers can just buy something else or not buy anything. For example, imported vehicles would fall by the wayside as buyers shift to US-produced vehicles. All major foreign automakers are already producing vehicles in the US.

Price increases will further push down unit sales, a lesson that automakers have been relearning in 2023 and 2024. Consumers have other options and hate, hate, hate price increases. So the way to dodge Trump’s tariffs on imported motor vehicles and components is to produce in the US.

https://wolfstreet.com/2024/12/02/factory-construction-spending-boom-soars-to-new-record-16-yoy-242-since-2019-result-of-a-corporate-strategic-rethink/

Trump's hand:

What was kind of funny was the new president of Mexico (Claudia) saying she would retaliate by imposing tariffs on USA goods coming into Mexico.

What a fucking dimwit; she's willing to make all Mexicans pay higher prices for everything (e.g. even gasoline is imported) to not intefere with the cartels and narco gangsters who essentially run several states in Mexico.

Actually, she's got to be bluffing.

When I go to the supermarket I see tons of products from the USA, Salinas and the Central Valley.

clambo says

Actually, she's got to be bluffing.

Yup. And Justin is prolly pissed at Trump's team leaking out about this, too:

DOGEWontAmountToShit says

Trump knew what he was doing. He knows the psychological hang-ups Canadians have vs a vs America and how to push buttons.

Now when Justin faces the music about this with what's left of independent media in Canada, he'll be pressed about 'selling out to America!'.

More likely, it come in the form of an attack ad in the upcoming elections.

The reality is: Mexico and Canada are owned lock, stock & barrel by us...at (short) arm's length. Canada more so because they tend compete more than complement American firms at the higher value supply chain. Whereas Mexico complements our companies very well. Mexican workers are now more skilled/productive than Chinese and at least 1/2 cheaper.

That will change as Mexico keeps climbing the national wealth ladder and their birthrates collapse as bad as Canada's has. But that will take another generation AND we will benefit enormously by exporting to their young high consumption market in the meantime before 'the end'.

Mexico, in fact, will need it's 'own Mexico' as they and it's workers trade up the value chain production ladder. Columbia is a good candidate as is right now. Cuba would be excellent but needs a lot of initial investment.

Don't try explaining any of this to a Canadian. They don't like hearing any of it.

Soo, any news about that income tax being abolished?

The President of Mexico signed an official
document ordering tariffs on products made in
the United States.

Lol, this just means that the Mexican border will be permeable in the other direction now, and US products will flow south illegally.

https://x.com/RickyDoggin/status/1896751824876851578

https://babylonbee.com/news/trump-canadian-tariffs-expected-to-have-devastating-impact-on-the-curling-broom-industry

THIS is what I voted for!

Hey, Canada is the largest producer of toxic rapeseed oil, branded "Canola" oil for "Canadian oil".

So tariffs on that are likely to make Americans healthier! Win-win!

Remember: There are no Tariffs on US-made, or largely US-made, goods

You only pay a tariff on foreign goods! So it's a tax you can avoid by buying American.

And companies can avoid it by manufacturing in America and selecting or producing US made components.

The case in which it may sometimes be a matter of deliberation how far it is proper to continue the free importation of certain foreign goods, is, when some foreign nation restrains by high duties or prohibitions the importation of some of our manufactures into their country. Revenge in this case naturally dictates retaliation, and that we should impose the like duties and prohibitions upon the importation of some or all of their manufactures into ours. …There may be good policy in retaliations of this kind, when there is a probability that they will procure the repeal of the high duties or prohibitions complained of. The recovery of a great foreign market will generally more than compensate the transitory inconveniency of paying dearer during a short time for some sorts of goods.

Smith, Adam. An Inquiry Into the Nature and Causes of the Wealth of Nations (Cannan ed.), vol. 1. Methuen, 1776, p. 433. Online Library of Liberty, https://oll.libertyfund.org/titles/smith-an-inquiry-into-the-nature-and-causes-of-the-wealth-of-nations-cannan-ed-vol-1.

The first instance of the "Invisible Hand" in Smith's book is positive for domestic manufacture, not hostile.

By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.Nor is it always the worse for the society that it was no part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good. It is an affectation, indeed, not very common among merchants, and very few words need be employed in dissuading them from it.

Smith, Adam. An Inquiry Into the Nature and Causes of the Wealth of Nations (Cannan ed.), vol. 1. Methuen, 1776. Online Library of Liberty, https://oll.libertyfund.org/titles/smith-an-inquiry-into-the-nature-and-causes-of-the-wealth-of-nations-cannan-ed-vol-1.

Similarly, Amazon and Walmart do NOT have the best interest of American Society in mind when they fight against Tariffs.

Patrick says

Vermont maple syrup is far better than that thin Canadian stuff anyway.

Vermont maple syrup is made by Yankees. Canadian maple syrup is made by socialists/commies.

Fuck syrup - I don't eat sugar if I can help it.

Where is my FIT abolishment?

RWSGFY says

I don't eat sugar if I can help it.

One sip of my cousin's sweet tea and you will be set for life.

The Tariff argument is now... over.

Reverse Kramer confirms Tariffs are the best remedy.