Are the new tariffs good or bad? - The Best Online Debate Website | DebateIsland.com The Best Online Debate Website | DebateIsland.com
frame

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

The best online Debate website - DebateIsland.com! The only Online Debate Website with Casual, Persuade Me, Formalish, and Formal Online Debate formats. We’re the Leading Online Debate website. Debate popular topics, Debate news, or Debate anything! Debate online for free!





The best online Debate website - DebateIsland.com! The only Online Debate Website with Casual, Persuade Me, Formalish, and Formal Online Debate formats. We’re the Leading Online Debate website. Debate popular topics, Debate news, or Debate anything! Debate online for free!

Are the new tariffs good or bad?
in United States

By PoguePogue 504 Pts
Are the new tariffs on steel and aluminum good or bad?
Trump said that the tariffs - 25 percent on steel imports and 10 percent on aluminum - would take place in 15 days. But he said individual countries could negotiate with the U.S., leaving open the possibility that some might be exempted from the tariffs.

According to experts, it is bad. https://www.pbs.org/newshour/economy/making-sense/trumps-tariffs-will-do-more-harm-than-good-experts-say
joecavalry
  1. Are the new tariffs good or bad?

    3 votes
    1. Yeeeesssss, Trump is Great!!!
      66.67%
    2. No, the people who study this, and professions are it, say it is bad.
      33.33%
I could either have the future pass me or l could create it. 

“We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

I friended myself! 



Debra AI Prediction

Predicted To Win
Predicted 2nd Place
22%
Margin

Details +



Arguments

  • PoguePogue 504 Pts
    They are bad. According to https://www.pbs.org/newshour/economy/making-sense/trumps-tariffs-will-do-more-harm-than-good-experts-say, "... the proposal was met with near-universal opposition from economists, academics, business leaders and even some top officials in the Trump administration.

    Earlier this week Gary Cohn, Trump’s top economic adviser, announced that he would resign in the coming weeks; Cohn had argued strongly against the tariffs, though he didn’t cite them as a factor in his decision to step down as head of the National Economic Council. 

    We spoke with trade experts, economists and business leaders to get their perspectives on the tariffs and how they might impact the U.S. economy."

    Would President Trump’s proposed tariffs on steel and aluminum imports help create more jobs in the United States, as he argues?

    When asked, the question above, Gary Clyde Hufbauer, a trade expert at the Peterson Institute for International Economics, and former deputy assistant secretary for international trade and investment policy at the Department of Treasury said,  that it would not. He specifically said this, "Not at all. The tariffs will create jobs in the steel and aluminum industries — my generous guess is not more than 15,000 jobs — but they will destroy three or four times as many jobs sprinkled across the economy. The political optics, however, favor Trump’s argument because the jobs created will be concentrated in specific plants and cities, lending them to “feel good” news reports, while the jobs destroyed will be widely dispersed, thus not exciting copy for “feel bad” news stories." The net effect could be that we would loose up to 45,000 jobs because of this. https://www.pbs.org/newshour/economy/making-sense/trumps-tariffs-will-do-more-harm-than-good-experts-say

    This is supported by Jeffrey Frankel, an economist at the Harvard Kennedy School and former member of the Council of Economic Advisers under President Bill Clinton. He said, "The important point, however, is that such positive effects will be far outweighed by negative effects on other sectors."

    Other people like Tori Whiting and Pual Czachor agree. https://www.pbs.org/newshour/economy/making-sense/trumps-tariffs-will-do-more-harm-than-good-experts-say

    According to http://abcnews.go.com/Business/trumps-tariff-plan-economists-worried-damaged-economy-allies/story?id=53464764, "There are two tangible ways the tariffs if put into effect, could impact American consumers: in price increases on daily goods and possible job losses.

    I could either have the future pass me or l could create it. 

    “We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

    I friended myself! 
  • NopeNope 324 Pts
    I think it is a bad thing. I would hate to see a tariff war take place as other country's create tariffs in retaliation. Canada and Mexico want to be exempted because if they are not it is likely they will have retaliating tariffs in place soon.
    This site list concerns.     https://www.bloomberg.com/news/articles/2018-03-08/trump-set-to-impose-steel-tariffs-amid-threats-of-retaliation
  • Is the U.S. part of a world economy and a willing participant in free trade?

    If not. Is the U.S. self sufficient in the necessary mineral resources and production facilities?

    If the U.S is self sufficient. Why is there a need to import steel and aluminium products?

    Are production costs to high, especially labour costs? 

    Does U.S. corporate greed demand to much from it's nations resources?


    If the U.S. is incapable of producing sufficient quantities of steel and aluminium products to meet it's own needs.

    Then isn't the desire to impose import tariffs, simply driven by selfishness and greed?

  • The tariffs may decrease steel and aluminum imports to the US whole increasing the steel and aluminum production in the US and potentially exports.
    DebateIslander and a DebateIsland.com lover. 
  • PoguePogue 504 Pts
    The tariffs may decrease steel and aluminum imports to the US whole increasing the steel and aluminum production in the US and potentially exports.
    What evidence do you have to support that it would increase exports? "But there will in addition almost certainly be a loss of exports" https://www.pbs.org/newshour/economy/making-sense/trumps-tariffs-will-do-more-harm-than-good-experts-say.
    I could either have the future pass me or l could create it. 

    “We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

    I friended myself! 
  • someone234someone234 542 Pts
    edited March 10
    When a right wing hero-figure imposes tariffs on trade, one can only sit back and giggle.

    Tariffs can be extremely good defense of homeland produce and this has been a very strong tool of the Dems when they are in power.
    Be tomorrow's hero, not today's idol.
  • PoguePogue 504 Pts
    When a right wing hero-figure imposes tariffs on trade, one can only sit back and giggle.

    Tariffs can be extremely good defense of homeland produce and this has been a very strong tool of the Dems when they are in power.
    But these will cause massive job loss and could lead to a decrease in exports. If there is good evidence (economists) that it will help, I will be in favor of it. I do not care what other people have done. I am debating the current ones. 
    I could either have the future pass me or l could create it. 

    “We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

    I friended myself! 
  • @Pogue you lose jobs and create jobs.

    This is like the space debate, you are only understanding the price paid in itself or reward gained in itself not the weighing of the two against each other.

    This is Trump's best move since being president and it's a left-wing move.
    Be tomorrow's hero, not today's idol.
  • PoguePogue 504 Pts
    @Pogue you lose jobs and create jobs.

    This is like the space debate, you are only understanding the price paid in itself or reward gained in itself not the weighing of the two against each other.

    This is Trump's best move since being president and it's a left-wing move.
    I understand both if you would have read my first argument. The net effect could lead to a loss of 45,000 jobs. 

    Would President Trump’s proposed tariffs on steel and aluminum imports help create more jobs in the United States, as he argues?

    When asked, the question above, Gary Clyde Hufbauer, a trade expert at the Peterson Institute for International Economics, and former deputy assistant secretary for international trade and investment policy at the Department of Treasury said,  that it would not. He specifically said this, "Not at all. The tariffs will create jobs in the steel and aluminum industries — my generous guess is not more than 15,000 jobs — but they will destroy three or four times as many jobs sprinkled across the economy. The political optics, however, favor Trump’s argument because the jobs created will be concentrated in specific plants and cities, lending them to “feel good” news reports, while the jobs destroyed will be widely dispersed, thus not exciting copy for “feel bad” news stories." The net effect could be that we would loose up to 45,000 jobs because of this. https://www.pbs.org/newshour/economy/making-sense/trumps-tariffs-will-do-more-harm-than-good-experts-say

    These were met with an outcry from economists. 

    According to https://www.pbs.org/newshour/economy/making-sense/trumps-tariffs-will-do-more-harm-than-good-experts-say, "... the proposal was met with near-universal opposition from economists, academics, business leaders and even some top officials in the Trump administration.

    Earlier this week Gary Cohn, Trump’s top economic adviser, announced that he would resign in the coming weeks; Cohn had argued strongly against the tariffs, though he didn’t cite them as a factor in his decision to step down as head of the National Economic Council."

    I could either have the future pass me or l could create it. 

    “We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

    I friended myself! 
  • @Pogue don't hate the player for playing the media game well, hate the media game for caring less when an issue is spread wide.
    Be tomorrow's hero, not today's idol.
  • PoguePogue 504 Pts
    @someone234
    That is irrelevant to this. 
    I could either have the future pass me or l could create it. 

    “We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

    I friended myself! 
  • @Pogue we all know trump is a sociopath, I thought this debate was if finally he made a policy well or not.
    Be tomorrow's hero, not today's idol.
  • PoguePogue 504 Pts
    @someone234
    Yes, we are debating if the policy is well or not. I gave you the net effect of it. 
    I could either have the future pass me or l could create it. 

    “We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

    I friended myself! 
  • @Pogue This is what they deserve. I bet most of them didn't vote Hillary and a fair few factory workers didn't just not vote but voted for Trump.

    I want to see all poor who voted Trump to squirm under his regime.
    Be tomorrow's hero, not today's idol.
  • PoguePogue 504 Pts
    @someone234
    I do not like Trump either. I also want his voters to realize he is bad. However, I do not want it at the country's expense. 
    I could either have the future pass me or l could create it. 

    “We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

    I friended myself! 
  • someone234someone234 542 Pts
    edited March 10
    @Pogue I do. The decision to vote this bully and clown into office over Rubio for the right wing and over Hillary for the left is just putrid.

    Especially Bernie supporters who bitter voted Trump. They make me sick inside. Traitors and scum.
    Be tomorrow's hero, not today's idol.
  • PoguePogue 504 Pts
    @Pogue I do. The decision to vote this bully and clown into office over Rubio for the right wing and over Hillary for the left is just putrid.

    Especially Bernie supporters who bitter voted Trump. They make me sick inside. Traitors and scum.
    Well true. I do not get why Bernie supporters voted for Trump. He is completely (campaigning at least) opposite of their partly socialist views. 
    I could either have the future pass me or l could create it. 

    “We are all born ignorant, but one must work hard to remain stupid.” - Benjamin Franklin  So flat Earthers, man-made climate change deniers, and just science deniers.

    I friended myself! 
  • someone234someone234 542 Pts
    edited March 10
    @Pogue add together the amount of Bernie fans who didn't vote at all in dismay to the ones who voted for Trump and you understand how their crew single handedly flipped the election.
    Be tomorrow's hero, not today's idol.
  • GooberryGooberry 329 Pts
    Pogue said:
    Are the new tariffs on steel and aluminum good or bad?
    Trump said that the tariffs - 25 percent on steel imports and 10 percent on aluminum - would take place in 15 days. But he said individual countries could negotiate with the U.S., leaving open the possibility that some might be exempted from the tariffs.

    According to experts, it is bad. https://www.pbs.org/newshour/economy/making-sense/trumps-tariffs-will-do-more-harm-than-good-experts-say

    Slapping a tax on incoming steel and Aluminum; if the US capacity can't meet excess demand, this cost is just going to be passed onto the consumer. Even if the US Capacity can ramp up to meet excess demand, the chances are it's going to end up costing more than the price of the steel already was. If not, market forces would make it easy to ramp up producting and produce cheap steel within the US. So, either way, it's likely to increase prices for US consumers.

    Now, other countries can slap tariffs on US goods quite happily, agricultural products, other goods and services; but given that the US is on it's own, and the rest of the world generally allows free-er trade; in all likelihood it's going to be easier for consumers in Europe to find alternatives to US products being taxed. This mostly means that the US will broadly be hit harder than other countries if there's a trade war.

    Now, it may be okay, maybe not; but if there is a tit-for-tat trade war; this will cause increases in prices as more tariffs are added; even if consumers switch to US produced products. This will fuel inflation and you'll either have the scenario that wages and inflation have to rise; or more likely, that inflation rises faster than wages; and you have the same issues with wage stagnation.

    How much of an issue it ends up being, is difficult to say.


    The main issue with the Tariffs, is that the whole premise of the tariffs is backward thinking.


    There was a time and a place where Coal, Steel, car production, etc; would and should be the backbone of the US economic powerhouse. There was a time and a place where trivial manual labor, or minimally skilled production or manufacturing job earned $50,000/yr, and let you have a pension.

    Those days are gone, and they are never, ever, ever, coming back.

    Robots are too cheap, the world is too specialized, and moving to advanced technology to make it worthwhile in pay significant amounts of money to individuals to do the job of a Robot that can do the work for 1/10th of the cost.


    The future of the world economy, and the US economy does not lie in Coal, Steel and oil. It's in renewable and scalable energy technologies, AI, advanced computing technology, the internet, big data, etc, advanced engineering and precision technology.

    If the US spends it's time focusing on coal and steel, and other blue collar jobs: in 10 years, when trumps been out of office for a while, and you have an economy geared up to for the 1930's attempting to compete with the advanced technology of the rest of the world you're going to end up being left behind.




     











    Pogue
Sign In or Register to comment.

Back To Top

DebateIsland.com

| The Best Online Debate Experience!
2018 DebateIsland.com, All rights reserved. DebateIsland.com | The Best Online Debate Experience! Debate topics you care about in a friendly and fun way. Come try us out now. We are totally free!

Contact us

customerservice@debateisland.com
Awesome Debates
BestDealWins.com
Terms of Service

Get In Touch