Here come the tariffs

[dogcows 1,097]

Trump: Tariffs are great, they don’t raise prices!

Trump, later the same year: I’m gonna lower tariffs because they made prices too high.

This man is a buffoon. But he’s in good company the 77 million people who voted for him are just as dumb (or dumber) than him.

[seafoam1 3,464]

23 minutes ago, dogcows said:

Trump: Tariffs are great, they don’t raise prices!

Trump, later the same year: I’m gonna lower tariffs because they made prices too high.

This man is a buffoon. But he’s in good company the 77 million people who voted for him are just as dumb (or dumber) than him.

Dogshlt doesn't even know what year it is. 

[dogcows 1,097]

1 hour ago, seafoam1 said:

Dogshlt doesn't even know what year it is. 

Case in point ^^^

Believe it or not, 45/47 has only been serving this term for less than a year. Do you think he somehow magically started the tariffs before he was in office?  

[Ron_Artest 2,295]

8 hours ago, TimHauck said:

Not sure I follow.  They claimed from the beginning the main reason for the tariffs was encouraging things to be manufactured here, right?  If so, removing the tariffs on sh1t we don’t make makes sense.  Of course they should have realized that about 9 months ago though.

I meant to stay inflation, not unemployment.

But yeah, tariff stuff, prices go up, they lie and say no.  Remove tariffs to lower prices.

Yes it makes sense to remove them but they should have never put them on.  They are forced to admit they lied about tariff effects on prices.

[TimHauck 3,335]

6 minutes ago, Ron_Artest said:

I meant to stay inflation, not unemployment.

But yeah, tariff stuff, prices go up, they lie and say no.  Remove tariffs to lower prices.

Yes it makes sense to remove them but they should have never put them on.  They are forced to admit they lied about tariff effects on prices.

Yup

[thegeneral 3,661]

Beef prices are up because of the migrant cowboys who rustled their cattle across the border!

 

[SaintsInDome2006 691]

Switzerland appears to have bribed Trump to get their tariffs reduced.

[Gepetto 1,456]

AI Overview

The price of beef is high due to a combination of declining domestic supply, high demand, and increased production costs. A multi-year drought, coupled with rising grain prices, forced ranchers to sell off a large portion of their herds, leading to the smallest cattle inventory in decades. This shortage is occurring at a time when demand remains strong, and production costs for ranchers, including feed and fuel, have increased. Additionally, tariffs on beef imports and trade disputes have further constrained supply, preventing imports from offsetting domestic shortages. 

Declining domestic supply

A severe drought and high grain prices in previous years forced many ranchers to sell off a larger-than-normal percentage of their cattle, including breeding females.

This resulted in the U.S. cattle herd shrinking to its lowest level since 1951, creating a significant shortage of beef.

It will take several years to rebuild the herd, as it takes about 18-24 months to raise a calf to slaughter weight.

Because of high prices, ranchers are incentivized to sell their heifers for meat rather than keeping them to build up the herd, which is delaying the recovery of the supply. 

High demand

Despite the high prices, demand for beef remains strong.

Consumers are not significantly reducing their consumption of popular items like hamburgers and steaks. 

Increased costs and tariffs 

Ranchers are facing higher overhead costs for feed, labor, and fuel.

Tariffs on imported beef from countries like Brazil and Australia have reduced supply, as imports have decreased and the domestic supply is already low.

Some analysts argue that trade imbalances, such as the lack of market access for U.S. beef in countries like Argentina, also contribute to the problem. 

[thegeneral 3,661]

2 minutes ago, Gepetto said:

AI Overview

The price of beef is high due to a combination of declining domestic supply, high demand, and increased production costs. A multi-year drought, coupled with rising grain prices, forced ranchers to sell off a large portion of their herds, leading to the smallest cattle inventory in decades. This shortage is occurring at a time when demand remains strong, and production costs for ranchers, including feed and fuel, have increased. Additionally, tariffs on beef imports and trade disputes have further constrained supply, preventing imports from offsetting domestic shortages. 

Declining domestic supply

A severe drought and high grain prices in previous years forced many ranchers to sell off a larger-than-normal percentage of their cattle, including breeding females.

This resulted in the U.S. cattle herd shrinking to its lowest level since 1951, creating a significant shortage of beef.

It will take several years to rebuild the herd, as it takes about 18-24 months to raise a calf to slaughter weight.

Because of high prices, ranchers are incentivized to sell their heifers for meat rather than keeping them to build up the herd, which is delaying the recovery of the supply. 

High demand

Despite the high prices, demand for beef remains strong.

Consumers are not significantly reducing their consumption of popular items like hamburgers and steaks. 

Increased costs and tariffs 

Ranchers are facing higher overhead costs for feed, labor, and fuel.

Tariffs on imported beef from countries like Brazil and Australia have reduced supply, as imports have decreased and the domestic supply is already low.

Some analysts argue that trade imbalances, such as the lack of market access for U.S. beef in countries like Argentina, also contribute to the problem. 

Pffft. No mention of immigrant cow herders sneaking diseased cows over the border.

[Gepetto 1,456]

38 minutes ago, thegeneral said:

Pffft. No mention of immigrant cow herders sneaking diseased cows over the border.

Scott Bessent is full of cow patties.

[Ron_Artest 2,295]

Trump’s Global Tariffs Curtailed Trade, Data Shows

The steep tariffs President Trump issued in August led to a significant contraction in imports and the trade deficit, newly released data shows.

https://www.nytimes.com/2025/11/19/us/politics/trumps-tariffs-trade-data.html

 

Hmm, just like all the smart people said would happen.

[squistion 2,561]

2 hours ago, Ron_Artest said:

Trump’s Global Tariffs Curtailed Trade, Data Shows

The steep tariffs President Trump issued in August led to a significant contraction in imports and the trade deficit, newly released data shows.

https://www.nytimes.com/2025/11/19/us/politics/trumps-tariffs-trade-data.html

Hmm, just like all the smart people said would happen.

For non-subscribers:

Trump’s Global Tariffs Curtailed Trade, Data Shows

President Trump’s sweeping tariffs took a toll on trade in August, as imports dropped 5.1 percent, to $340.4 billion, after taxes on exports from roughly 90 countries went into effect on Aug. 7, newly released data from the Commerce Department showed Wednesday.

U.S. exports were essentially flat, rising 0.1 percent to $280.8 billion. Because of the sharp fall in imports, the U.S. trade deficit in goods and services for the month also dropped sharply, shrinking nearly 24 percent, to $59.6 billion, compared with July.

The data, which had been delayed by more than a month because of the government shutdown, gives the first look at trade patterns after Mr. Trump introduced what is effectively a new trading system for the United States.

The president announced global double-digit tariffs in April on what he called “Liberation Day,” saying that the previous system had cheated the United States and cost it jobs and money. While his tariffs briefly went into effect, they were then largely paused for four months as the administration tried to strike deals with trading partners.

On Aug. 7, the tariffs again went into effect, with a 15 percent rate on goods from Bolivia, Ecuador and Nigeria, 20 percent on Taiwanese products and 50 percent on Brazilian exports.

Altogether, they brought the U.S. effective tariff rate to more than 18 percent, the highest level since 1934, according to the Budget Lab at Yale.

U.S. imports and exports had risen in July, as companies that depend on international trade had tried to complete their shipments before those tariffs went into effect. In August, trade then dropped, as American businesses imported fewer industrial supplies, food and beverages and machinery, according to an analysis by Moody’s Analytics.