Torq
11 Apr 2025
Off-Topic / Stock Market Talk and Trading - part 2 [746]
Yes, quick analogies usually entail a certain measure of oversimplification.
Your analogies are even better to use as arguments against tariffs: if you're Boeing and you impose a tariff on the stubborn Rolls Royce, then whoever does eventually buy the planes from you will have to pay those tariffs (so you will have fewer clients or they will buy fewer planes). In the same way it will be American customers paying for the tariffs imposed on China, when they buy e.g. a new iPhone for $4000, not the Chinese government (as some Trump voters seem to think). The barber example also works perfectly against tariffs unless we think the client should impose retaliatory 50% tariff on the barber and pay $45 next time.
Perhaps it is too simple an example.
Yes, quick analogies usually entail a certain measure of oversimplification.
Your analogies are even better to use as arguments against tariffs: if you're Boeing and you impose a tariff on the stubborn Rolls Royce, then whoever does eventually buy the planes from you will have to pay those tariffs (so you will have fewer clients or they will buy fewer planes). In the same way it will be American customers paying for the tariffs imposed on China, when they buy e.g. a new iPhone for $4000, not the Chinese government (as some Trump voters seem to think). The barber example also works perfectly against tariffs unless we think the client should impose retaliatory 50% tariff on the barber and pay $45 next time.
