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re: So the universe knew tarrifs were coming today.
Posted on 4/3/25 at 9:05 am to scottydoesntknow
Posted on 4/3/25 at 9:05 am to scottydoesntknow
quote:
Yall still havent figured out Trump after all these years
Oh I have:
Sociopath and narcissist.
LOOK AT ME, EVERYBODY LOOK AT ME....
0
Posted on 4/3/25 at 9:07 am to LChama
quote:
back down or extend the date?
He's done this twice already
This whole tariff thing is just really dumb. What Trump should have done first is tax all remittances leaving this country regardless of where they are going. That would hurt other countries more than these silly tariffs will.
Posted on 4/3/25 at 9:10 am to SM1010
quote:
Why should we ever expect a country like Cambodia to match our exports???? Makes no sense.
That has nothing to do with my question to you?
Posted on 4/3/25 at 9:30 am to texag7
What are you looking for? Do some countries have tariffs in place against us to make money? Sure. Let's place reciprocating tariffs on them, perfectly fine.
That's not what we did. We placed tariffs on most of the world based purely off trade deficits and imbalances. Why place enormous tariffs on incredibly poor 3rd world countries just because they don't buy as many goods from us as we do from them?
Again, makes absolutely 0 sense.
That's not what we did. We placed tariffs on most of the world based purely off trade deficits and imbalances. Why place enormous tariffs on incredibly poor 3rd world countries just because they don't buy as many goods from us as we do from them?
Again, makes absolutely 0 sense.
This post was edited on 4/3/25 at 9:42 am
Posted on 4/3/25 at 9:35 am to texag7
quote:
That has nothing to do with my question to you?
I think you're missing the point: These are not "reciprocal" tariffs.
The rates do not appear to have been calculated on the basis of existing tariffs on American goods, but rather based on the US trade imbalance with each country.
This is the point that several posters are trying to make to you. Trade imbalances are not necessarily a bad thing, and expecting a poor country to buy as much as they sell is simply absurd. For some reason, Trump is fixated on the idea of trade parity, but it is a misguided and wrong-headed idea at the core.
Posted on 4/3/25 at 9:46 am to SM1010
quote:
Why place enormous tariffs
The only people placing enormous tariffs are foreign countries putting them on the US.
quote:
Let's place reciprocating tariffs on them, perfectly fine.
So you want the tariff amounts raised even higher to match their amount? Got it
Posted on 4/3/25 at 9:52 am to texag7
quote:
The only people placing enormous tariffs are foreign countries putting them on the US.
You clearly don't understand what Trump did (which is what's being discussed).
He went a lot further than judging tariffs foreign countries have on US imports.
quote:
So you want the tariff amounts raised even higher to match their amount?
Not what he's saying.
If they have a 10% import tariff on US goods, our tariff should be 10%
That's not what Trump announced yesterday. Their numbers are based in trade deficits with the US, not tariff rates. This is what you seem to be ignorant of.
Posted on 4/3/25 at 9:56 am to SlowFlowPro
quote:
Their numbers are based in trade deficits with the US
And then discounted over half.
quote:
not tariff rates
Post the tariff rates
Posted on 4/3/25 at 9:58 am to texag7
quote:
And then discounted over half.
Has nothing to do with tariff levels.
quote:
Post the tariff rates
Which country?
Posted on 4/3/25 at 10:00 am to SlowFlowPro
quote:
Which country?
For starters, rates would be a plural word.
Posted on 4/3/25 at 10:06 am to texag7
quote:
For starters, rates would be a plural word.
Which specific countries, then?
Posted on 4/3/25 at 10:09 am to Joshjrn
quote:
If we took a measured approach and gave reasonable deadlines for clearly delineated policy changes, there would be grumbling, but everyone would get over it.
This can't be said enough.
It's the back and forth haphazard way this has been done that is paralyzing many of my current suppliers because they can't plan when they don't know what to expect. Even with the announcement yesterday, there's still not that much clarity on the products they make in Mexico to be imported here.
Trump may think that chaos and confusion is a great tactic when he's negotiating with someone, but when you use that to implement significant change like this, it's terrible for business.
And if he's truly trying to bring manufacturing back, you can't just throw up barriers and expect people to break ground immediately. It's going to take years for a car factory to be built, so in the meantime, consumers are going to be paying significantly more for pretty much any car out there. We're looking at probably 2 years minimum before any new greenfield site is up and running, so you're going to have continued inflation for the next 2-3 years at least because by and large, these tariffs are going to be passed on the consumer.
And if there is a rush to build, not only are those materials going to cost more due to tariffs now, but the spike in demand for materials and labor is going to make those factories incredibly expensive. And how will these companies look to reduce operating expenses once they're built? Automation, which means less jobs. Not that any new factory wouldn't be using significantly more automation anyway, but those higher costs to build will incentivize them to automate even more.
I'm afraid the "short term pain" is going to be way worse than anyone in favor of these tariffs is leading on.
This post was edited on 4/3/25 at 10:13 am
Posted on 4/3/25 at 10:10 am to SlowFlowPro
quote:
Which specific countries, then?
All of the countries in Trumps chart. Post the “actual tariffs” for the US and the opposing country. Then we can compare it to the chart he released yesterday.
Thank you.
Posted on 4/3/25 at 10:19 am to LChama
quote:A little worse than expected.
Tarrifs are announced as expected
Posted on 4/3/25 at 10:21 am to texag7
quote:
All of the countries
180? No.
We'll take a sample from this. The data is difficult due to the SEO involved.
China, for instance, is about 21%
India
quote:
Perhaps the most notable country affected by reciprocal tariffs would be India, which was the 8th-largest exporter to the U.S. in 2022. India imposed a 9.5% average tariff on American goods, a far cry from the 3% rate charged by the U.S. on those goods.
Vietnam
quote:
According to Reuters, Vietnam’s trade-weighted average most-favored nation tariff is 5.1 percent, compared to the US’s 2.2 percent.
Posted on 4/3/25 at 10:52 am to Lgrnwd
quote:
Remember, “If’s it’s in the news, it’s in the price.”
Meaning, usually when news is officially released to the public, 90% of the move, up or down has already taken place.
Couldn't have been more wrong.
Posted on 4/3/25 at 11:35 am to slackster
quote:
If you want an honest answer it’s because those tariffs have been in place and the supply chain has been built accordingly. The US reciprocating overnight throws a massive wrench into the entire system that simply cannot be rectified quickly. Even if you’re fine with the “short term pain for long term gain” thought process, you have to expect people/the market to throw a fit when the apple cart is upset.
Completely fair take. Trump is brash but he’s been beating on this drum for a while.
Just like with USAID, DOE, I don’t like them and am happy to see them go down but I completely understand there are infrastructures built around those for decades that are a net benefit. Some kid that was depending on USAID money to eat everyday is going to miss a meal.
We aren’t starving that kid by not funding their food for the first time in their life. The system that has built that dependency is starving the kid. The kid and his country will lash out at America but it’s their problem that they haven’t figured out a way not to need our aid by now. We have pity on that kid, but we aren’t being unfair.
Same as trade. Other countries are used to this trade imbalance and it’s how they operate because they’re trying to protect their economy and workforce. When it gets equaled out, it feels like an attack.
Even if I want USAID and DOE burned to the ground, there will be casualties and it was obvious well before. The only thing I like about DOE is FAFSA. Some good kid that is depending on that to finish school will be a casualty.
Trump may go down as the guy that caused a Great Recession, but he also could be the guy that ended the trade imbalance going on since the 70s.
Posted on 4/3/25 at 11:42 am to Civildawg
I don’t agree with tariffs being levered by anyone but to say we get screwed is a bit unfair. We get the benefit of cheaper goods because of our trading relationships. Comparative and absolute advantage are real things. Everything shouldn’t be produced domestically. Can more be produced domestically? Sure, and that’s what Trump is trying to accomplish.
The timing of this is about the only time politically feasible. Brand new term, second term, control both houses…very rare for a POTUS to be able to have these public negotiations and actually maintain his leverage (at large, people cannot deal with uncertainty and volatility well).
The timing of this is about the only time politically feasible. Brand new term, second term, control both houses…very rare for a POTUS to be able to have these public negotiations and actually maintain his leverage (at large, people cannot deal with uncertainty and volatility well).
Posted on 4/3/25 at 1:33 pm to lynxcat
I think the biggest surprise for me is that I really expected most countries to roll over and do what Trump wants.
This whole thing is just like a big game of chicken. Who is going to blink first?
This whole thing is just like a big game of chicken. Who is going to blink first?
Posted on 4/3/25 at 1:39 pm to I Love Bama
If you attempt to bully the rest of the world they'll just form different alliances and exclude you. It takes an incredible degree of arrogance to think otherwise.
Unfortunately those are the optics on this stunt, hopefully the damage can be undone.
Unfortunately those are the optics on this stunt, hopefully the damage can be undone.
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