Prices of Goods in the U.S. Did Not Rise At All Despite China Tariff Hike

These links are from May, and seem to be speculating.

 

Goldman Sachs analysts said in a report that when they grouped together nine of the CPI product categories affected by the tariffs so far, including laundry and other appliances, furniture and auto parts, it showed those consumer prices increased “much more” than other core goods prices in the CPI.

Use some common sense; if you believe Trump when he claims billion$ and billion$ in tariff monies are pouring into government, this means US companies are paying those tariffs and US companies either absorb those losses or increase consumer prices. It is FACT that US companies are doing both...

 

Yep, thought so.

 

You have it right. The importer makes out the check. The Predictors predicted that they would pass the increased costs onto the US consumer, but, prices on balance have not gone up on US consumers, in fact, prices have not gone up on our Producers either, which leaves the foreign country as the only other possible source for the duties that are clearly flowing into the US treasury, and we are talking $Billions.

In fact, prices are so tame, that it looks like the foreign folks we are slapping tariffs on are lowering their prices in excess of the tariffs to cover tariff costs and any additional inconvenience. Hell of a deal.

As for why the Left and the Establishment is always wrong on China, and always assumes China's position, well, money talks.

Chinese Communist Party Funds Washington Think Tanks. And bureaucrats and politicians and journalists.

Chinese Communist Party Funds Washington Think Tanks
United Front Work Department conducts aggressive influence operations in U.S.



China's Communist Party is intensifying covert influence operations in the United States that include funding Washington think tanks..

The influence operations are conducted by the United Front Work Department, a Central Committee organ that employs tens of thousands of operatives who seek to use both overt and covert operations to promote Communist Party policies.

The Party's United Front strategy includes paying several Washington think tanks with the goal influencing their actions and adopting positions that support Beijing's policies.

"The [Chinese Communist Party] has sought to influence academic discourse on China and in certain instances has infringed upon—and potentially criminally violated—rights to freedoms of speech and association that are guaranteed to Americans and those protected by U.S. laws," the report says.​

For example: Johns Hopkins School of Advance International Studies, a major foreign policy education and analysis institute, has received funding from Tung Chee-hwa, a vice chairman of the Chinese People's Political Consultative Conference, the party group that directs the United Front Work Department and includes a member of the Politburo Standing Committee, the collective dictatorship that rules China.

The funding for Johns Hopkins came from Tung's non-profit group in Hong Kong, the China-U.S. Exchange Foundation, which is a registered Chinese agent.

In addition to Johns Hopkins, other think tanks linked to China and influential in American policy circles include the Brookings Institution, Atlantic Council, Center for American Progress, EastWest Institute, Carter Center, and the Carnegie Endowment for International Peace.

The Exchange Foundation is tied to Chinese government influence operations and uses the same public relations firm as the Chinese embassy.

And none of these folks floating in Chinese Money have a bad word to say about China. So don't wonder when the Swamp continually takes China's side in the trade negotiations that Trump has kicked off in order to benefit the American Worker.

These Liberal DC think tanks aren't getting direct support from the American Workers, they are getting support from the Chinese Communists.

https://freebeacon.com/national-security/chinese-communist-party-funds-washington-think-tanks/

 

Didn't Joe Bidens son make a ton of money in China recently?

 

“The US is far from being self-sufficient in steel and aluminum, and imports over 30% of the amounts consumed of both metals. Given the industrial importance of these metals, tariffs imposed on imports will significantly increase the production costs for American manufacturers across a variety of industry sectors. Soon after the tariffs were announced, the price of steel in the US jumped to levels far above most countries around the world — a 50% premium over European prices and 80% over Chinese prices. “

https://www.qbe.com/us/conversations/economic-impact-of-steel-aluminum

 

Most of the Chinese tariffs so far have not been on consumer goods. That's probably why people haven't noticed them. But this detailed study of the tariffed goods clearly shows the consumer is paying the cost.



https://www.cnbc.com/2019/05/13/thi...ces-for-consumers-and-it-could-get-worse.html

 

Prices aren't rising. Chicken little dems proven wrong again.

 

The difference between these sources and the article in the OP is the former emphasizes the cost changes on tariff impacted categories, where as the OP basically avoids including the cost changes of tariff impacted goods altogether. The graph you posted is a perfect illustration of this, tariff impacted goods have gone up in cost, while all other goods have gone down.

The notion that this differentiation in cost changes between tariff impacted goods and all other goods has nothing to do with the raised tariffs is laughable to say the least.

For tariff impacted goods, prices have in fact gone up.

 

Are you denying the link or your eyes?

 

So what? On balance prices are surprisingly tame. Nobody is claiming that you can't dig through the pile and find some items that are more expensive that consumers purchase, but, they are being largely offset by other items so that the net effect of runaway prices predicted by Leftists is not proving out.

 

He sure did. Democrats literally get rich off of our enemies. Biden's son got billions in contracts and Hillary got $145 million while selling uranium.

they should be in prison. Why do treasonous liberals always seem to get a pass on committing such atrocities?

 

US Steel prices have been dropping for nearly a year.

 

Your a trip.

 

The Squad’s Socialism or Trump’s Nationalism, let’s see, slice our throats and bleed out, or take a bullet to head and go quickly. Hell of a choice.

 

The CNN host here did not like being told lets do some basic math...

 

What did you take.
My spare parts and new machines went up 25% to 50%.
Made and assembled in the US.
Have you been at NAPA lately ?
Grocery store ?
Bought flowers for the old Lady or the garden ?

Steel and Alu prices are way up, even US made.

Breitbart, fantasy world.

 

Should be easy for you to prove the OP data incorrect.

 

Prove me incorrect. Breitbart is not a source, bullshit club.
I pay daily the bills for my company, order parts or machines. I know my prices, down to the Penny, its my job.
25% to 50% on parts and machines.
Friend of mine is in the steal business, domestic steal, the prices went up 25% and the influx of foreign has not slowed down, especially on products the US can not produce, or if it wants to, needs at least 5 to 6 to create the ability.
We eat the tariffs, either US consumers or companies. US companies who need those spare parts and machines, like mine have to eat the tariffs, because the consumer will not accept 25 to 50% percent price increases.

Fantasy world as I said, Breitbart BS.

 

Bring a source which could be considered reliable, for your thread.
Breitbart is for children

 

Fantasy world again. The steel for todays product was milled in 18, so my product has those steel prices. Do my products go down, the stuff I have to buy, simple NO.
Can I do without those products, simple NO. It would take a recession to bring the prices down again and the lift of the tariffs.

 

So no hard data to back your case-just anecdotes?

Did you mean "steel"?

 

Sounds like it's tough going for you. I looked at the import price index, and while it's not at the top of it's 10 year range, it's certainly near it. If there is any good news, it has dropping for last year, I hope that gives you some relief.

Take care,
Zorrro

 

But he says he orders commodities!!!

Why would you even need to see a chart or other data?

 

When we let China walk off with our manufacturing base and entire region of blue collar culture was destroyed, but other folks did very well, as we reverse that, in total that's working, and given that China is using us to fund their military build up and attempting to control international shipping lanes,, these are steps that must be taken, but obviously it's not going to be painless for everyone.