U.S. Global Investors’ Post

Three insights from Ipsos President of Public Affairs Clifford Young on how Americans feel about tariffs — a key issue in the upcoming election 👉   • Americans broadly support tariffs on imported goods, including those from Canada. 70 percent of Republicans said they supported a 10- to 20-percent tariff on imports, according to data presented by Young at PPF's 2024 Fall Lecture last week. That number was 25 percent among Democrats.   • Americans aren’t simply supportive of tariffs on Canada. They appear to favour tariffs in general, telling Ipsos by roughly the same proportions they would also support a tariff of 60 percent on goods imported to the U.S. from China.   • The broad support for raising tariffs is likely fueled by an underlying sense of a broken system. American voters want to feel like someone else is paying in a system that no longer seems to benefit them, says Young.   For more insight into what Americans are really feeling about the election and Canada, read the full story on our website: https://lnkd.in/eSyH-MC9

Have you ever wondered why prices are rising on everyday items like food, cars, and household appliances? It could be due to tariffs! In this video, I break down how tariffs really work, who actually pays them, and why they might not be helping Americans as much as you think. As a business owner who imports goods, I’ve experienced firsthand the impact tariffs have on prices and consumers. Learn how tariffs affect the U.S. economy, increase prices, and sometimes cost more jobs than they save. I’ll also show you how to tackle common misconceptions about tariffs and explain them clearly when you hear people talking about them. By the end of this video, you’ll understand: - Who really pays for tariffs (Hint: it’s not the foreign country) - How tariffs raise prices on food, cars, electronics, and more - Why 93% of economists agree tariffs hurt U.S. consumers - Real examples of how tariffs affect American jobs and industries If you’ve heard politicians claim tariffs are a great way to protect American jobs, this video will give you the facts you need to question those claims.Subscribe to my channel for more insights on economics, trade policies, and how they affect your everyday life! Chapters: 00:00 - Rising Prices and Tariffs 02:32 - Personal Impact of Tariffs 03:10 - Media Perspectives on Tariffs 04:07 - Long-term Effects of Tariffs 05:50 - Explaining Tariffs to Others 06:58 - Questioning Tariff Supporters --- I'm Steve Rhode, a proud grandfather sharing life lessons and advice to create a video legacy that my granddaughter can look back on long after I'm gone. To learn more about me watch https://lnkd.in/eft2-kfg --- #tariffsexplained, #howtariffswork, #whopaystariffs, #tariffsandUSeconomy, #tariffsandpriceincreases, #tariffsimpactonjobs, #tariffsonimports, #tariffshurtconsumers, #tariffsandinflation, #misconceptionsabouttariffs, #tariffsandtradepolicy, #tariffsandbusinesscosts

As the round of tariffs continues in a tit for tat manner, the question is: Do tariffs really work?! I found the answer in a well written paper under the name: Are tariffs bad for growth? Yes, say five decades of data from 150 countries In fact, the paper suggests that for every 3.6% increase in tariff, the economy shrinks by the fifth year by 0.4%. The paper continues to try to rationalize why it doesn’t work: “The estimated decline in output seems related to reduced efficiency in the use of labor across sectors, an appreciation of the real exchange rate which hampers competitiveness (and undercuts possible improvements in the trade balance), higher imported input costs which raise production costs, and intertemporal effects as anticipated tariffs bring forward consumption and output, only to see these macro variables collapse once the tariff is actually imposed.” The question in my mind remains: if there is no scientific data to support the benefit of tariffs, why apply it? The only other reason I can think of is political gain! Those policies usually try to protect industries with big labor force. Coincidentally, we see more tariffs this year as many countries have election year. Or what do you think?

The tariffs have led to higher prices for American consumers and manufacturers, reduced exports, and complicated the supply chain. Learn more about the costly consequences in the link below. #tariffs #AmericanEconomy #SupplyChain #TradeWar

The Hidden Cost of Tariffs for Everyday Consumers Tariffs, often touted as tools to protect domestic industries, can have significant negative impacts on regular consumers. When governments impose tariffs, the cost of imported goods rises. Businesses, unable to absorb these additional costs, often pass them on to consumers through higher prices. For example, tariffs on essential products like electronics, clothing, or raw materials drive up the cost of living. Families may face increased grocery bills or struggle to afford everyday items that were previously affordable. Additionally, tariffs can lead to reduced competition, limiting consumer choice and stifling innovation as domestic producers face less pressure to improve quality or lower prices. Ultimately, while tariffs aim to protect specific industries, they often act as a hidden tax on consumers, burdening household budgets and slowing economic growth. #TariffsImpact #ConsumerCosts #TradePolicies #EconomicEffects #priceinflation #MarketDynamics #globaltrade

Adding tariffs to imported goods might sound like a way to protect local businesses, but it actually has inflationary effects on the economy. Here’s why: when tariffs are added, the cost of imported goods rises. To cover these higher import costs, companies will inevitably increase prices, passing the added expenses to consumers. This means WE the consumer end up paying more for everyday products - from food to electronics. Instead of lowering prices, tariffs can make essentials costlier, which contributes to inflation rather than curbing it. #Econ101 #Tariffs #Inflation #ConsumerPrices #EconomicPolicy #FinancialLiteracy #CostOfLiving #TradePolicy ~~~~~~~ I offer judgement-free, neurodivergent-friendly, anti-capitalist financial support for socially-conscious business owners. Wanna work together? https://lnkd.in/g8kMV3qm

💵 Savings for Industry 💵 You may have heard that 'nuisance tariffs' are being removed on nearly 500 HS codes are being removed come 1 July 2024. The effect of this should result in some cost benefits for consumers, if tariff savings achieved by importing businesses of subject goods flow downstream. However, you may not have heard that you can have your say on these proposed tariff changes, with Treasury seeking views from interested parties on the nuisance tariffs selected for removal ahead of finalisation of the list of tariffs (expected in the Budget). Please see more at the link attached (including a list of the Nuisance Tariffs). Should you have any questions, please feel free to reach out.

Will new tariffs shake up US supply chains again? In the latest Freightos Freight Market Update, Jason Miller, Supply Chain Professor at Michigan State University, unpacked the impact of Trump-era tariffs and what to expect if they return. 🔹 Tariffs didn’t end reliance on China—they rerouted it. Goods flowed through Vietnam and Mexico, sometimes rebranded as “Made in Mexico.” 🔹 Higher costs for consumers outweighed reshored jobs, with new tariffs likely to have similar effects. 🔹 Industries hit by retaliatory tariffs (like agriculture) saw job losses, while manufacturers faced steep input costs. With 25% of US goods imported, a 10% tariff could raise costs by 2.5%. 👇 Discover how these changes could shape your supply chain strategy. https://lnkd.in/dx7xdsFK

After the largest one day move to the Nasdaq since December of 2022 it seems appropriate to highlight the key concern in markets, namely the discussion of tariffs and their impact on prices paid for goods both here and abroad. Feel free to read the article below as tariffs and changes to them can impact markets going towards 2025. https://lnkd.in/e6NnR_hk.

In the news there has been discussion about the potential for the U.S. to keep or increase trade tariffs depending on who wins the white house this November. While the threat of tariffs may be viewed as a negotiation tactic, Higby Barrett consistently hears that tariffs are simply a tax on consumers. This is not necessarily true. In economic theory on trade tariffs, sometimes the consumer pays or the producer pays or both pay a share of the tariffs. Who pays and how much depends on the market power of the country, the price elasticity of the product, substitution of the product, other sources of supply, and how rigid the supply chains are in the short term. Often a tariff levied is a tax on U.S. consumers, but not always, which is discussed with examples in this week’s Higby Barrett weekly insights. Case by case analysis is needed to understand what the impact of each tariff is, who pays, does the tariff revenue exceed/equal/not exceed the burden for a nation’s producers and consumers and the implications in the short and long terms. https://lnkd.in/eA2te5XP