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re: So the universe knew tarrifs were coming today.
Posted on 4/3/25 at 6:43 am to Joshjrn
Posted on 4/3/25 at 6:43 am to Joshjrn
quote:
The frick is the point in hitting everyone with surprise tariffs today, other than getting attention?
If they are surprise tariffs, why has everyone been complaining about them since January? The countries knew they were coming. Some already adjusted. Im pretty sure Argentina removed all tariffs and we reciprocated
2
Posted on 4/3/25 at 6:46 am to scottydoesntknow
quote:
Im pretty sure Argentina removed all tariffs and we reciprocated
Milei was removing them anyways. He cut tariffs in Sept 2024 and has vowed to get rid of tariffs completely by the end of 2025.
Posted on 4/3/25 at 7:09 am to scottydoesntknow
quote:
If they are surprise tariffs, why has everyone been complaining about them since January? The countries knew they were coming. Some already adjusted. Im pretty sure Argentina removed all tariffs and we reciprocated
Everyone knew some kind of tariff regime was coming; no one knew what that would be. No one knew there would be a worldwide 10% blanket tariff. And no one knew that the rates wouldn’t be based on tariffs at all and instead would be based on closing a trade gap that most countries have little to no control of because they can’t afford what we produce.
This post was edited on 4/3/25 at 7:10 am
Posted on 4/3/25 at 7:15 am to Joshjrn
quote:
quote:
If they are surprise tariffs, why has everyone been complaining about them since January? The countries knew they were coming. Some already adjusted. Im pretty sure Argentina removed all tariffs and we reciprocated
Everyone knew some kind of tariff regime was coming; no one knew what that would be. No one knew there would be a worldwide 10% blanket tariff. And no one knew that the rates wouldn’t be based on tariffs at all and instead would be based on closing a trade gap that most countries have little to no control of because they can’t afford what we produce.
Good, more leverage for us when we negotiate
Posted on 4/3/25 at 7:17 am to LChama
Because the Tariffs were larger/bolder than expected, duh.
Posted on 4/3/25 at 7:24 am to scottydoesntknow
quote:
Good, more leverage for us when we negotiate
I disagree. Sure, this will scare small countries into submission, but we didn’t need more leverage over them to begin with. Large trade blocs are no longer going to treat us as rational actors. International relations are anarchic, and anarchies shun unpredictability whenever possible. Launching massive tariff rates, not to reciprocate for other tariffs but to “balance trade deficits” is blindingly stupid. I’m sincerely hoping that the large blocs throw Trump some small concession that they would have been willing to make anyway (see: the early Canada and Mexico “wins”) so Trump can claim victory, everyone snickers behind his back, and we all move on with life.
If either side chooses to dig in over the idiocy on these demonstrative boards, we are in for a world of hurt.
Posted on 4/3/25 at 7:28 am to scottydoesntknow
Have you ever heard the phrase “if you owe the bank 200k, you’re in trouble. If you owe the bank 200m, the banks in trouble”?
In a similar capacity, putting tariffs on the entire world simultaneously removes a lot of our leverage, if there even was any to begin with.
There is a lot of incentive to just ignore and tell US wholesalers to pound sand because their options are to buy and pay tariffs, which will happen irrespective of importer, or for people to invest in manufacturing. Building factories is more costly than just eating the tariffs that will likely be removed by the time factories are online or shortly thereafter.
In a similar capacity, putting tariffs on the entire world simultaneously removes a lot of our leverage, if there even was any to begin with.
There is a lot of incentive to just ignore and tell US wholesalers to pound sand because their options are to buy and pay tariffs, which will happen irrespective of importer, or for people to invest in manufacturing. Building factories is more costly than just eating the tariffs that will likely be removed by the time factories are online or shortly thereafter.
Posted on 4/3/25 at 7:31 am to Joshjrn
quote:
Launching massive tariff rates, not to reciprocate for other tariffs but to “balance trade deficits” is blindingly stupid.
For example, indonesias “reciprocal tariffs” were pretty high because of the trade deficit.
The median monthly income in Indonesia is roughly $250 a month. What, exactly, does Trump want them to buy from us?
Posted on 4/3/25 at 7:44 am to Hateradedrink
Posted on 4/3/25 at 7:49 am to Joshjrn
quote:
I disagree. Sure, this will scare small countries into submission, but we didn’t need more leverage over them to begin with.
Why not? Vietnam just removed their tariffs. Do you really think that China will not feel pressure when all their neighbors start making the same products they are but can export them at 0% as opposed to their 60+%
Posted on 4/3/25 at 7:51 am to Hateradedrink
quote:
Have you ever heard the phrase “if you owe the bank 200k, you’re in trouble. If you owe the bank 200m, the banks in trouble”?
In a similar capacity, putting tariffs on the entire world simultaneously removes a lot of our leverage, if there even was any to begin with.
There is a lot of incentive to just ignore and tell US wholesalers to pound sand because their options are to buy and pay tariffs, which will happen irrespective of importer, or for people to invest in manufacturing. Building factories is more costly than just eating the tariffs that will likely be removed by the time factories are online or shortly thereafter.
We shall see.
If these countries fold, and lower their tariffs, will you people then come here to proclaim that you were wrong. Doubt it
Posted on 4/3/25 at 8:00 am to scottydoesntknow
quote:
Why not? Vietnam just removed their tariffs. Do you really think that China will not feel pressure when all their neighbors start making the same products they are but can export them at 0% as opposed to their 60+%
Why would Trump remove our tariffs just because someone else did? We’ve already established that our tariff rates aren’t, in any way, based on their tariff rate. White House staff have come out and clearly stated that any trade deficit is due to “cheating”. Unless they close the trade deficit to zero, which they won’t be able to do, why would we drop our tariffs?
Eta: And if we do drop our tariffs in spite of there being no appreciable change in the trade imbalance with a country, will that they illustrate that all the Trump bluster was nonsense?
This post was edited on 4/3/25 at 8:01 am
Posted on 4/3/25 at 8:07 am to LChama
No price promises, but I do think today is peak volatility day over the tariff stuff.
Posted on 4/3/25 at 8:07 am to Joshjrn
quote:
Why would Trump remove our tariffs just because someone else did?
Yall still havent figured out Trump after all these years
Posted on 4/3/25 at 8:18 am to scottydoesntknow
quote:
Do you really think that China will not feel pressure when all their neighbors start making the same products they are but can export them at 0% as opposed to their 60+%
Dont think China feels much, there is not much time for other countries to build up any capacity to replace them.
Posted on 4/3/25 at 8:23 am to LChama
People knew there would be SOME tariffs.
Nobody predicted we would start a trade war with the entire world over natural trade imbalances and deficits that have always and are always going to exist with or without tariffs.
Nobody predicted we would start a trade war with the entire world over natural trade imbalances and deficits that have always and are always going to exist with or without tariffs.
Posted on 4/3/25 at 8:42 am to SM1010
quote:
natural trade imbalances
So all the tariffs and restrictions put on the United States by these countries is 100% natural and not a conscious decision to make money?
How can you just completely make up something from thin air that is factually wrong?
Posted on 4/3/25 at 8:51 am to texag7
We placed enormous tariffs on Cambodia because we export 97% less $ value in goods to them than they export to us.
Why should we ever expect a country like Cambodia to match our exports???? Makes no sense.
Why should we ever expect a country like Cambodia to match our exports???? Makes no sense.
This post was edited on 4/3/25 at 9:45 am
Posted on 4/3/25 at 8:52 am to texag7
quote:
natural trade imbalances
So all the tariffs and restrictions put on the United States by these countries is 100% natural and not a conscious decision to make money?
How can you just completely make up something from thin air that is factually wrong?
Huge trade imbalance with Cambodia and Vietnam. Average monthly salary in Cambodia is $250/month USD. In Vietnam, it is $300/month.
What do we have that they would want to buy? What do we trade with them?
Posted on 4/3/25 at 9:00 am to scottydoesntknow
quote:
Yall still havent figured out Trump after all these years
So you acknowledge that Trump is lying about these being reciprocal tariffs in response to other countries taking advantage of us? That this is just pure trade warfare?
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