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re: If this was about tariffs, why was Switzerland targeted?
Posted on 4/4/25 at 10:37 am to Hodag
Posted on 4/4/25 at 10:37 am to Hodag
quote:
Seriously, how does a tariff on Switzerland affect anything in your life?
Well frick it, lets just tariff everyone 100% on everything since tariffs are so harmless.
Posted on 4/4/25 at 10:45 am to JimEverett
quote:
Out trade deficit is just over $1 trillion.
The trade deficit in goods and services is about $920B. So that's $920B excess dollars leaving the United States, in one year. Doing that in combination with large govt budget deficits for 50 straight years is a great risk to our economy and our currency. Rather than explain it again, here's one of many posts on the subject.
LINK
The belief that a large twin deficit is long term sustainable is akin to believing that the US dollar has magical qualities. If we used gold for foreign trade, we'd run out of gold. If every country in the world used the same global fiat currency, we'd still run out of money unless they were willing to give part of their production to the US for free, or allow us to run a money printing press to fund our external deficit. I'm sorry, but the rest of the world is not going to subsidize our consumption forever.
This post was edited on 4/4/25 at 10:47 am
Posted on 4/4/25 at 10:52 am to wdhalgren
quote:
The trade deficit in goods and services is about $920B. So that's $920B excess dollars leaving the United States, in one year
Right - which is what I said.
We produce $30 trillion a year and net consume from foreigners about a $1 trillion.
Nowhere even close to consuming more than we produce.
Posted on 4/4/25 at 11:19 am to JimEverett
quote:
Right - which is what I said.
We produce $30 trillion a year and net consume from foreigners about a $1 trillion.
Nowhere even close to consuming more than we produce.
I'm sorry, you're struggling with these concepts. This is basic math. If we make 3$ of widgets, export 1$ of widgets, import 2$ of widgets, we've made 3 and consumed 4, assuming everything produced and imported is eventually consumed. If we bring more goods in than we send out, we're consuming more goods than we make. Denying it won't change the facts and it won't mitigate the ongoing economic damage or the rapidly growing financial risk.
This post was edited on 4/4/25 at 11:31 am
Posted on 4/4/25 at 3:08 pm to SlowFlowPro
quote:
You sound like you're conflating trade imbalance with public debt.
Not conflating, they are indeed interrelated. What is the mechanism to recoup America’s investment in the rest of the world?
The trade imbalance is the result of policy decision, not driven by our inability to construct or otherwise produce goods and materials.
quote:
This is an argument oft made by MAGA-types in support of the tariffs.
Not sure what you are talking about.
Posted on 4/4/25 at 3:35 pm to Ingeniero
quote:
On the chart that was shown on Liberation Day, was the column titled "tariffs charged to the US" accurately represented or not?
I have no idea. It’s a percentage on a graphic, and I can’t see the data driving the percentage.
I don’t really understand the premise of “if this was about tariffs, why…”
Trump has been clear in this issue for like 40 years. We give away more money than get back.
Posted on 4/4/25 at 3:36 pm to wdhalgren
quote:
Nowhere even close to consuming more than we produce.
I'm sorry, you're struggling with these concepts
You just refuse to accept facts since the Orange Buffoon doesnt care for them
Posted on 4/4/25 at 3:48 pm to TBoy
quote:
tariffs” by other countries are not tariffs at all
What are they?
Posted on 4/4/25 at 3:51 pm to Ingeniero
I wonder how much money laundering happens in Switzerland and how many billionaires hide money in their banks
Posted on 4/4/25 at 3:55 pm to dgnx6
quote:
You Harris supporters can’t even define tariff let alone woman.
Let me fix it for you
You Harris supporters can’t even define what a woman is, let alone tarifes
Posted on 4/4/25 at 4:04 pm to Hodag
quote:
Seriously, how does a tariff on Switzerland affect anything in your life?
how does any tax affect your life? it takes money directly out of your pocket, that's how.
This post was edited on 4/4/25 at 4:09 pm
Posted on 4/4/25 at 4:28 pm to RogerTheShrubber
quote:
You just refuse to accept facts since the Orange Buffoon doesnt care for them
What facts would those be?
Posted on 4/4/25 at 4:35 pm to Penrod
quote:
Trump is trying to accomplish a lot of things and solve a lot of problems that have been building up for decades. Everyone has been punting to the future until now. God bless him for trying; if he can skin this cat he deserves to be on Mount Rushmore
Holy shite. This board is beyond dumb, but this is something else
Posted on 4/4/25 at 4:37 pm to SlowFlowPro
quote:
Which economist/academic work are you citing to make the claim?
What are you citing?
- **"International Economics" by Paul Krugman and Maurice Obstfeld** – This textbook discusses how trade balances influence exchange rates.
- **"Macroeconomics" by N. Gregory Mankiw** – Offers a simplified explanation of the relationship between trade deficits, capital flows, and currency value.
- **IMF & World Bank Reports** – Their analyses often examine how sustained current account deficits (which include trade deficits) can affect currency valuation and financial stability.
- **Federal Reserve and ECB research** – These institutions publish papers and statements exploring how persistent imbalances impact currency and investor sentiment.
Go ahead brother.
This post was edited on 4/4/25 at 4:47 pm
Posted on 4/4/25 at 4:47 pm to dgnx6
The good ole Swiss, playing both sides acting like their shite doesn't stink. They get all the trade benefits of the EU except they are not in the EU, just surrounded by it. So, they get a single port of entry but none of the Eu regulations then tax the hell out of it crossing their borders, import tariffs to keep their local manufacturing competitive so as to off set their own quality of life. They have higher wages but strict immigration laws and can always jump over to Germ/Italy etc and buy cheap.
The USA is copying the Swiss model and they wonder why they are being singled out. Plus, they are the tax haven home to many of the corporations that are propping up the globalist order. Again, they get the cream while the slaves toil away in China or wherever. F the Swiss...beautiful country though.
The USA is copying the Swiss model and they wonder why they are being singled out. Plus, they are the tax haven home to many of the corporations that are propping up the globalist order. Again, they get the cream while the slaves toil away in China or wherever. F the Swiss...beautiful country though.
This post was edited on 4/4/25 at 4:49 pm
Posted on 4/4/25 at 5:30 pm to This GUN for HIRE
quote:
What are they?
The administration’s “reciprocal tariff” chart includes a list of ridiculous numbers derived from the ratio of US exports to each country in relation to US imports from each country. The numbers presented are not tariffs. They are an expression of what is fairly described as the imbalance of trade with each other nation.
A tariff is a tax on imports. A number that represents the ratio of US exports to a nation and US imports from that nation is not a rate of tax. It isn’t taxes at all. Trump’s people are calling that ratio a”reciprocal tariff” and they are falsely asserting that any nation that exports more value of goods to the US than it imports from the US has imposed a “reciprocal tariff.” That is, of course, a bald lie.
There is absolutely no reason whatsoever why any nation of earth should purchase from US companies an equal value of goods that it exports to the US. We are a consumer nation. Goods made here are also more expensive than goods made in many other places.
Suppose a flower company in the US starts a growing operation in some sparsely populated corner of Botswana. Using cheap labor, flowers are grown by the poor people living there on cheap land and exported from Botswana (imported to the US) by overnight shipping for sale in flower shops in the US. What rational person would expect those poor Botswanan country people to purchase an equal amount of goods manufactured in the US? They can’t afford to do any such thing.
But Trump’s irrational tariff chart classifies that relationship as a “reciprocal tariff” imposed by Botswana, even though no such tariff exists.
Trump’s entire propaganda here depends upon you being too dumb to understand what he is doing. You should be offended by Trump sending you out into the world to discuss this in the ridiculous manner that it is presented. He really thinks his supporters are that stupid.
Posted on 4/4/25 at 5:31 pm to TBoy
quote:
Trump’s entire propaganda here depends upon you being too dumb to understand what he is doing.
Which should have been obvious with the rollout of that amateurish chart.
Posted on 4/4/25 at 5:35 pm to RogerTheShrubber
The Swiss have tariffs on most if not all goods coming into their country. This is one of the reason Switzerland is so nice. They price out the EU and prop up local agriculture and manufacturing while being a tax haven to the rich and global corporations. Why shouldn't America do the same? Those saying the math doesn't add up are just prog fascist who would root against America no matter what.
If the Swiss are mad we are stealing their play, then frick the Swiss. Also, the Dems will never win the working class vote if they keep supporting cheap money wall street over workers.
If the Swiss are mad we are stealing their play, then frick the Swiss. Also, the Dems will never win the working class vote if they keep supporting cheap money wall street over workers.
This post was edited on 4/4/25 at 5:37 pm
Posted on 4/4/25 at 5:42 pm to stout
quote:
It still is reciprocity
It's not tariffs reciprocity. Which is what Trump claims.
Stop lying, cult boy.
Posted on 4/4/25 at 5:57 pm to Ingeniero
Who defends Switzerland?? No more free rides. That’s why. Go cry somewhere else.
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