Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

NewJeffCT

(56,828 posts)
Wed Sep 19, 2018, 09:46 AM Sep 2018

Timing of the Trump Tariffs/Taxes - has anybody noticed this?

when we had 4.1% GDP for the second quarter, economists had noted that it was partly due to China and others buying US goods before the tariffs went into effect. The "beat the tariff" rush.

Now, we have Phase 1 of the new tariffs going into effect right before the end of Q3 - so, we'll get more rushes to buy things this month, which will artificially bump the economic growth again.

And, Phase 2 of the new tariffs go into effect before the end of the year, or Q4. So, another artificial bump to GDP caused by the next rush to beat the tariffs.

(I was thinking about this when I was thinking if I needed to replace my tires before the tariffs went into effect...)

6 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Timing of the Trump Tariffs/Taxes - has anybody noticed this? (Original Post) NewJeffCT Sep 2018 OP
Good Catch.... Pachamama Sep 2018 #1
Thanks NewJeffCT Sep 2018 #2
kicking NewJeffCT Sep 2018 #6
it's true there is that effect, though i doubt donnie's smart enough to play that game. unblock Sep 2018 #3
Donny himself might not be NewJeffCT Sep 2018 #4
He doesn't seem to listen well either, lol unblock Sep 2018 #5

unblock

(52,257 posts)
3. it's true there is that effect, though i doubt donnie's smart enough to play that game.
Wed Sep 19, 2018, 10:18 AM
Sep 2018

he shows neither the strategic thinking nor the discipline needed to carefully time such things.

NewJeffCT

(56,828 posts)
4. Donny himself might not be
Wed Sep 19, 2018, 10:36 AM
Sep 2018

but, some of his advisers may be behind the timing at least? Larry Kudlow, Mnuchin, etc

Latest Discussions»General Discussion»Timing of the Trump Tarif...