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Understanding Tariff Wars: The Good, The Bad, and The Reality

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[This is now going to be my, every B4IN article, standard opening (as of Dec. 19, 2024):
I get it, I really do, all these outlets are operating as a business… And how do they make money? Advertising! (more continues: /media/2024/07/click-bait-here-click-bait-there-everywhere-click-bait-2515961.html )
Yes, sorry, frankly I TOO find especially the initial Ads (they pile up, to be able to get them viewed in case someone doesn't read the whole article) here interrupting a nice/natural Read flow and are ANNOYING (but it keeps the Site FREE FOR VIEWING no Pay Wall to have to BUY your way past) and conversely their annoyance may indeed keep some from wanting to bother (so, Please, there is some GREAT CONTENT here on B4IN, keep reading the entire pieces despite the annoying Ads) and note if you engage an AD BLOCKER often I have found it/they can cause issues with seeing all the intended article content --- don't want you to miss any of mine, nor anyone else who posts here entire content as intended! The authors images (some or all), videos (some or all), their intended cross-reference links (vs Site produced Ad links, the easy Share-At/On buttons, and more, might also get "blocked" from viewing. And so now, to catch any NEW Readers, I too adding to annoyance having to repeat this over and over. My apologies. I endeavor to always give you DETAILED WRITINGS (and cross-reference related links with other rabbit-holes you can go down) hopefully you'll deem worthy of putting up with the annoying Ads to engage in/with.
I am NOT fond of the changes, but I have been with B4IN a long time now - certainly not looking to leave.
Lastly, note: I also wrote for TheLibertyBeacon (https://www.thelibertybeacon.com/?s=Joseph+M+Lenard), where I dropped pieces (normally weekly) on Saturdays for the last 3 years (and even RedState back when) and now joined and dropping pieces via SUBSTACK (https://tinyurl.com/JLDonSubstack).]

As stated in the embedded Video down-thread – What’s good for the Goose, good for the Gander — IF they Tariff us, why shouldn’t we engage in RECIPROCAL Tariffs. EQUAL Trade, FAIR Trade, not USA are Suckers Trade. HYPOCRITES dare cry that IF WE RESPOND to something others have started to/for our own Defense somehow we are Bullies and at fault (for, again, something others been doing to us and we are now just/finally responding in-kind (EQUALLY)).

 

Understanding Tariff Wars: The Good, The Bad, and The Reality

 

[image source: GalaxyAI (based upon: A cinematic poster depicting the concept of 'Understanding Tariff Wars' with three sections: on the left, a vibrant scene illustrating the benefits of trade, featuring flourishing economies and happy communities, bathed in warm golden light. The center displays a dramatic showdown between two giants representing opposing trade policies, surrounded by swirling winds and dark skies, creating a tense atmosphere. The right side showcases the stark realities, with barren landscapes and empty storefronts under moody gray lighting. Use a wide-angle lens for enhanced depth of field and focus on the contrasting elements of each section). NOTE: if viewing on BeforeItsNews images are stripped 1 year after article release as moved to Archive Servers.]

TLDR This blog post explores the complexities of tariff wars, emphasizing the need for fair trade practices, the implications of tariffs on consumers and manufacturers, and the importance of understanding the economic landscape amidst political rhetoric.

In the fast-paced world of politics and economics, the topic of tariffs has become increasingly relevant. This blog post aims to dissect the concept of tariff wars, examining their implications, the rationale behind them, and the broader economic context in which they operate.

 

The Context of Tariff Wars

Tariff wars have been a hot topic in recent discussions, particularly between the United States and various trading partners, including China, Canada, and Mexico. The phrase “what’s good for the goose is good for the gander” encapsulates the idea that if one country imposes tariffs, the other should reciprocate. This principle of reciprocity is central to understanding the current trade dynamics.

 

The Rhetoric vs. Reality

Political rhetoric often oversimplifies the complexities of tariffs. While many oppose tax increases, there are exceptions, particularly when it comes to tariffs. The argument is that if countries like China impose tariffs on American goods, the U.S. should respond in kind. This tit-for-tat approach aims to level the playing field in international trade.

 

The Case Against Tariffs

Critics argue that tariffs lead to price increases for consumers. However, the reality is more nuanced. For instance, a 35% tariff on Chinese imports does not automatically translate to a 35% increase in prices for American consumers. Instead, it can make American products more competitive, potentially leading to lower prices for domestically produced goods.

 

The Economic Implications of Tariffs

Short-Term vs. Long-Term Effects

While tariffs may cause short-term price increases, they can lead to long-term benefits for the domestic economy. By encouraging companies to produce goods locally, tariffs can help create jobs and stimulate economic growth. The argument is that if American manufacturers can compete more effectively, they may lower their prices to attract consumers.

 

The Role of Subsidies

A significant factor in the tariff debate is the role of subsidies, particularly from the Chinese government. Many Chinese companies receive subsidies that allow them to sell products at lower prices, effectively flooding the market and undermining American competition. Tariffs can counteract this by making imported goods more expensive, thus protecting American jobs and industries.

 

Fair Trade vs. Free Trade

The distinction between fair trade and free trade is crucial in this discussion. Free trade advocates argue for minimal restrictions on imports and exports, while fair trade proponents emphasize the need for equitable trading practices. The current tariff situation highlights the necessity of fair trade, where both parties adhere to similar standards and practices.

 

National Security and Economic Independence

Tariffs are not just an economic issue; they also relate to national security. The U.S. must ensure that critical industries, such as steel and pharmaceuticals, remain under domestic control. Relying on foreign nations, especially adversaries like China, for essential goods poses significant risks.

 

The Need for Informed Public Discourse

A recurring theme in the discussion of tariffs is the lack of understanding among the general public. Many individuals do not grasp the economic principles at play, often relying on sensationalized media narratives. It is essential for citizens to educate themselves on these issues, as informed public discourse is vital for effective policymaking.

 

Conclusion

In conclusion, tariff wars are a complex and multifaceted issue that requires careful consideration. While there are valid concerns about the impact of tariffs on consumers, the broader implications for national security and economic independence cannot be overlooked. As the landscape of international trade continues to evolve, it is crucial for individuals to engage with these topics thoughtfully and critically, moving beyond mere rhetoric to understand the realities of our economic environment.

 

[ This article created via GalaxyAI YouTubeVideoSummarizer of original content from CTP Video Exclusive episode below - Albert Harmon Published February 13, 2025 3 min read Politics ]

As stated in the Video – What’s good for the Goose, good for the Gander — IF they Tariff us, why shouldn’t we engage in RECIPROCAL Tariffs. EQUAL Trade, FAIR Trade, not USA are Suckers Trade.

 

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https://linktr.ee/jlenarddetroit
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