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Can someone explain or fact check this tariff related tweet?
Posted on 4/2/25 at 10:42 pm
Posted on 4/2/25 at 10:42 pm
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5
Posted on 4/2/25 at 10:52 pm to hikingfan
quote:My impression is that it all comes back to dollar dominance. These countries desperately need USD so they trade their goods for our paper. The USD and the offsetting debt-based consumerism is our export. Again, this is what I’ve gleaned from people smarter than myself but I think it’s the gist.
Trade deficits aren’t tariffs, right? And that doesn’t mean we are being taken advantage of, the other country likely just has goods that we don’t have, no? Looking for a fact-based answer, not a political o
Posted on 4/2/25 at 11:07 pm to hikingfan
His chart says currency manipulation and trade barriers. It's clear it's not a reciprocal tariff as claimed.
Plenty of theories on how they came up with the numbers, mostly related to trade deficit which seems pretty stupid.
But here we are
Plenty of theories on how they came up with the numbers, mostly related to trade deficit which seems pretty stupid.
But here we are
Posted on 4/2/25 at 11:30 pm to hikingfan
They confirmed it
Official government reciprocal tariff formula
Official government reciprocal tariff formula
quote:
Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing. Tariffs work through direct reductions of imports.
Posted on 4/3/25 at 12:52 am to UltimaParadox
How did the administration let this get out the way it did? Is this all just to bring countries to the negotiating table?
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Posted on 4/3/25 at 1:02 am to hikingfan
quote:
How did the administration let this get out the way it did?
Posted on 4/3/25 at 5:21 am to hikingfan
My best guess is that they knew the formula was bullshite so they just cut it in half as a guess.
Posted on 4/3/25 at 6:10 am to hikingfan
That guy seems to be making a bigger deal out of this than it should be
Posted on 4/3/25 at 6:29 am to HailToTheChiz
quote:
That guy seems to be making a bigger deal out of this than it should be
Nope. This was sold on being a reciporcal tariff. Not a "reciporcal trade imbalance" tariff.
This post was edited on 4/3/25 at 6:33 am
Posted on 4/3/25 at 6:38 am to frogtown
currency manipulation should absolutely be treated the same as tariffs.
Posted on 4/3/25 at 6:41 am to notsince98
quote:
currency manipulation should absolutely be treated the same as tariffs.
We know how they did the calculation. There is nothing in the calculation in regards to "currency manipulation".
Posted on 4/3/25 at 7:44 am to frogtown
quote:
We know how they did the calculation. There is nothing in the calculation in regards to "currency manipulation".
A big part of trade imbalances in many countries are highly impacted by the currency manipulation.
Posted on 4/3/25 at 9:46 am to UltimaParadox
quote:
Reciprocal tariffs are calculated as the tariff rate necessary to balance bilateral trade deficits between the U.S. and each of our trading partners. This calculation assumes that persistent trade deficits are due to a combination of tariff and non-tariff factors that prevent trade from balancing. Tariffs work through direct reductions of imports.
so we're going back to mercantilism, yay
Posted on 4/3/25 at 1:26 pm to Bunsbert Montcroff
Can someone explain why its bad to want to have a manufacturing base here in the US?
Seems kinda bad to be reliant on foreign despotic countries for our basic security needs.
What is wrong with more self reliance?
It seems like people are just upset that their stock portfolio is down a little bit. That, along with with the globalist NGO propaganda network turned up to 9, is driving the current "tariffs bad" narrative.
Seems kinda bad to be reliant on foreign despotic countries for our basic security needs.
What is wrong with more self reliance?
It seems like people are just upset that their stock portfolio is down a little bit. That, along with with the globalist NGO propaganda network turned up to 9, is driving the current "tariffs bad" narrative.
Posted on 4/3/25 at 1:43 pm to CastleBravo
quote:
Can someone explain why its bad to want to have a manufacturing base here in the US?
1) Factories aren't just going to spring up tomorrow.
2) Land to build on is more expensive here.
3) Labor is more expensive here.
4) Speaking of labor with automation it's not going to create some humungous pool of jobs.
5) Because of the higher expenses here goods won't be cheaper but likely more expensive.
That's off the top of my head.
Posted on 4/3/25 at 1:55 pm to hikingfan
What are we importing from Lesotho?
Posted on 4/3/25 at 2:05 pm to CastleBravo
quote:
Can someone explain why its bad to want to have a manufacturing base here in the US?
Why do you assume we don't?
I mean we're not #1 anymore, but we're more than double what #3, is.
Posted on 4/3/25 at 2:11 pm to CastleBravo
Nothing is wrong with self reliance. Nothing is wrong with strategic tariffs implemented for the purpose of protecting industries key to national security.
That's not what tariffs on cars from Mexico and Canada do. That is not what a 32% tariff on Swiss watches does.
That's not what tariffs on cars from Mexico and Canada do. That is not what a 32% tariff on Swiss watches does.
Posted on 4/3/25 at 2:16 pm to frogtown
quote:
This was sold on being a reciporcal tariff.
Not just a reciprocal tariff, but a "discounted" reciprocal tariff.
Posted on 4/3/25 at 4:10 pm to VABuckeye
quote:
1) Factories aren't just going to spring up tomorrow.
Factories take time to build. So that makes wanting new factories here bad?
quote:
2) Land to build on is more expensive here.
Depends on where, doesn't it?
quote:
3) Labor is more expensive here.
Paid labor is cheaper than slave labor, agreed. By your logic, slave labor is good while paid fair-wage labor is bad. Plus I would argue paid labor might take more pride in their work than slaves.
quote:
4) Speaking of labor with automation it's not going to create some humungous pool of jobs.
More high-wage technician jobs than no-skill production jobs. That is good right? Sounds like these state of the art automated manufacturing plants would be a good thing to have here. Who said anything about 1950's style "humungous pool of jobs"?
quote:
5) Because of the higher expenses here goods won't be cheaper but likely more expensive.
So your main point seems to be "cheap stuff good".
Personally I would rather buy durable goods that lasts longer than cheaply made goods that need to be replaced every 2 years.
But maybe you like the current state of planned obsolescence that we currently have.
None of your points has any positive impact other than "cheap stuff good".
Try again.
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