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Started By
Message
re: Parameters of the China deal
Posted on 5/12/25 at 8:02 am to Bengalbio
Posted on 5/12/25 at 8:02 am to Bengalbio
quote:
This is happening too fast, imo, and I for one was hoping to see some measure of decoupling. Coupling with Marxist China is not in our long term interests.
I don’t disagree with your goal, but how exactly are we going to decouple from China just yet? we can’t just walk away. Not yet. Hopefully we continue to work towards that. But it’ll be tough with only four years and no certainty on who will be the the next POTUS
0
Posted on 5/12/25 at 8:38 am to ChatGPT of LA
Per chat gpt the US only collected $80B in tariffs from all nations in 2023 so we would be 3X or more from China in the next 12 months than we were from the entire world in 2023.
If what Bessent said was true that China just ignored our trade deals under Biden it’s unlikely anyone knows exactly what we should’ve collected because they just told us to F off.
If what Bessent said was true that China just ignored our trade deals under Biden it’s unlikely anyone knows exactly what we should’ve collected because they just told us to F off.
Posted on 5/12/25 at 8:50 am to rstamp1
Everyone wonders what the chinee are up to with the 90 days but it is also 90 more days to work on other manufacturers around the globe.
Posted on 5/12/25 at 9:25 am to The Egg
quote:
US Tsy Sec Bessent: Neither US Not China Want To Decouple
The overwhelming majority of voting Americans want exactly that. They voted for Trump to decouple us from Chini.
Bessent should apply a little clarity here, and admit that We the People most certainly want to detach from China as much as possible, but it's the US Government that doesn't really want it to happen.
Posted on 5/12/25 at 9:42 am to tide06
quote:
what Bessent said was true that China just ignored our trade deals under Biden it’s unlikely anyone knows exactly what we should’ve collected because they just told us to F off.
If they admitted that, send em a fricking invoice, and have their tarrifs removed until balance is accounted for
Posted on 5/12/25 at 9:46 am to The Egg
Big Scrub, LSURussian and slackster all said no deal would be done this weekend
Posted on 5/12/25 at 9:49 am to Bengalbio
It’s already happening but will take a decade or more. The point of the tariff chaos was to reset the balance somewhat as we make that transition.
Near shoring is in full swing and the ChiComs know this and also need time for an off ramp.
Near shoring is in full swing and the ChiComs know this and also need time for an off ramp.
Posted on 5/12/25 at 9:50 am to ChatGPT of LA
quote:
If they admitted that, send em a fricking invoice, and have their tarrifs removed until balance is accounted for
Can’t do that with half the GOP senate delegation running around cashing checks from China and the chamber of commerce to cut Trumps knees out from under him under the laughable notion that what they want and had before was free trade.
Looking at you Mitch McConnell and Rand Paul.
Their version of free trade with China is the same as the notion of consensual relations in prison apparently with the US taxpayer being the 130 pound guy who dropped the soap.
Posted on 5/12/25 at 10:39 am to ChatGPT of LA
quote:
If they admitted that, send em a fricking invoice, and have their tarrifs removed until balance is accounted for
The duties were collected and they were the ones Trump put in place.
What they reneged on was the beef and agriculture goods they promised to buy.
The 90 day break does not include the original tariffs from Trumps first term, the 10% base nor the 20% fentanyl tariff.
Posted on 5/12/25 at 10:41 am to LB84
quote:
US had a 19.3% tariff on China while China had a 21.1% tariff on the US
Doesn't this sound close to even? I was thinking it was way more out of balance than this.
Posted on 5/12/25 at 11:15 am to The Egg
quote:
US Tsy Sec Bessent: Neither US Not China Want To Decouple
That says no to decoupling but this article discusses a strategic decoupling:
CNBC: Bessent sees tariff agreement as progress in ‘strategic’ decoupling with Chinal
Posted on 5/12/25 at 11:18 am to TigersHuskers
quote:
RogerInTheCuckChair isn't gonna like this
Posted on 5/12/25 at 11:52 am to tide06
quote:
At a 30% tariff rate that would mean $158B in additional tax revenue for us over the next 12 months.
You do realize that $158B is paid by americans correct?
Posted on 5/12/25 at 11:59 am to Bonkers119
quote:
You do realize that $158B is paid by americans correct?
An absolutely false statement. While Americans may absorb some of that, they wouldn’t be on the hook for the full amount.
Posted on 5/12/25 at 1:13 pm to The Egg
Bessent saying we don't want to decouple is common sense. We do not have the factories here to replace China. Quite frankly, neither does the world. That's only a possibility over a long period of time.
Posted on 5/12/25 at 1:25 pm to Figgy
Not a long time. Factories all over the world and in most cases, not all, can be retooled fairly quickly.
Posted on 5/12/25 at 1:44 pm to goatmilker
We ended up better off than China for the time being.
This is bad in the eyes of clown world.
This is bad in the eyes of clown world.
Posted on 5/12/25 at 2:09 pm to goatmilker
quote:
Not a long time. Factories all over the world and in most cases, not all, can be retooled fairly quickly.
How long do you think it would take to produce televisions over here? Everyone likes tv and I'm sure we all have them. So let's say that we stop importing them to spur domestic production. How long do you think it takes and what does the investment look like? How do you work out your supply chain so and so forth? Do you have supplier partners on-site manufacturing what you don't so that you can produce a finished product? It's a complex problem and it isn't solved quickly, easily or cheaply. The issues I just raised are in large part why Foxconn failed in WI.
Posted on 5/12/25 at 2:15 pm to Bonkers119
quote:
You do realize that $158B is paid by americans correct?
The vast majority of it will not be passed along to consumers or retailers will simply take orders from lower tariff rate nations.
Posted on 5/12/25 at 2:20 pm to Figgy
6 months on basic items or a factory already building similar items. 6 -18 months on more complicated change overs. Under 3 years to build a new factory.
The logistics you mentioned are worked out long before the construction or change overs ever begin.
The logistics you mentioned are worked out long before the construction or change overs ever begin.
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