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Started By
Message
re: Parameters of the China deal
Posted on 5/12/25 at 2:50 pm to goatmilker
Posted on 5/12/25 at 2:50 pm to goatmilker
quote:
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.
I like your ambition but that isn't happening. You've got so many regulations here that make that impossible. Sourcing the machinery which is all automated and not made here... Again, you've got to get all of your suppliers (tiers 1, 2 & 3) set up. Which leads us to this:
quote:
The logistics you mentioned are worked out long before the construction or change overs ever begin.
In the case of the Foxconn plant it wasn't. WI didn't want to provide a subsidy to Corning to produce the glass sheets that are necessary. So the flat panel plant was doomed from the start. That's what happened.
1
Posted on 5/12/25 at 3:04 pm to Figgy
Well f@ck WI. Lol
Posted on 5/12/25 at 3:14 pm to goatmilker
quote:
Well f@ck WI. Lol
Seriously, that's what happened. We got a deal done... except for the part that would've completed the production. It's absurd how it was handled. I'm never ever going to crap on Trump for attempting to lure business back home (especially national security related industries). But WI screwed it up pretty badly when it mattered most. It was going to be a 4 billion dollar subsidy.
Hopefully some lessons have been learned. Subsidies are what allowed China to dominate the flat panel industry. The tech was made by the Japanese and Koreans but China runs it now. It's a shame that we did it to ourselves.
Posted on 5/12/25 at 4:01 pm to Figgy
quote:
How long do you think it would take to produce televisions over here?
Some components are already made in the US, but most are made overseas. 4 companies already assemble TVs in the US
It would take building onto or remolding plants that already make the components or assemble TVs
Plants like Element Electronics In South Carolina would only need some components made in the US. TVs are a product we could make in the US if we produced more of the components. The price would go go up, but not by much.
We could produce TVs in 6 to 9 months. To start making TVs that fast we might need to get some components from other countries.
This post was edited on 5/12/25 at 4:22 pm
Posted on 5/12/25 at 4:49 pm to tide06
quote:
At a 30% tariff rate that would mean $158B in additional tax revenue for us over the next 12 months.
Increase it from 30 percent to 900 percent and tariffs on China could replace the federal income tax!!!
Posted on 5/12/25 at 4:55 pm to Violent Hip Swivel
quote:
Increase it from 30 percent to 900 percent and tariffs on China could replace the federal income tax!!!
Don't get excited. You aren't getting any more money from the government until you start paying in.
Posted on 5/12/25 at 5:08 pm to Bengalbio
quote:
and I for one was hoping to see some measure of decoupling.
That’s what this is. It’s not a sudden decoupling, which would have shocked the world into a depression, but it is an acceleration of the decoupling that has been going on since about 2015.
Posted on 5/12/25 at 5:29 pm to Lt. Columbo
quote:
The fact that China had lose major face agreeing to a 30% tariff while only having a 10% one tells you all you need to know about who is winning so far
Posted on 5/12/25 at 8:05 pm to Bonkers119
quote:
You do realize that $158B is paid by americans correct?
If you come across any companies putting a 30% tariff line, I wouldn’t do business with them.
Tariffs before this weren’t 0.
Posted on 5/13/25 at 1:17 am to tide06
quote:
At a 30% tariff rate that would mean $158B in additional tax revenue for us over the next 12 months.
Who paid the tax revenue?
Posted on 5/13/25 at 5:57 am to tide06
quote:
China sent us $525B in exports last year. At a 30% tariff rate that would mean $158B in additional tax revenue for us over the next 12 months.
158B! Awesome!
We’re 30 trillion in debt and Trump wants to raise it another 4, but I’m glad he threw a fit for a month over a couple billion.
Posted on 5/13/25 at 6:30 am to pecxs
quote:
Who paid the tax revenue?
Is this supposed to be a gotcha question?
The same people who pay the tariffs on the US goods we manage to sell in China: it’s split between the manufacturer in terms of reducing costs, the importer and the end consumer.
In this case as we are applying a 20% add-on tariff due to their refusal to stop exporting fentanyl to the cartels it’s very likely much of it will have to be eaten by the manufacturer in terms of price reductions or the production will shift to other low wage nations who aren’t paying a 20% relative tariff.
But back to the fentanyl for a minute. China right now is saying after weeks of negotiations they’d rather pay a 20% additional tariff than stop shipping us fentanyl.
That fentanyl killed 87,000 Americans in 2024. Extrapolated over the Biden administration that’s 348,000 dead Americans.
We went to war with Afghanistan for killing 3k Americans on 9/11. China has killed 118 times as many US citizens in four years and would rather continue killing another 90k per year than pay that tariff and you’re worried that the price of your Walmart order might go up in the short term before they shift suppliers to India, Vietnam or Mexico?
Posted on 5/13/25 at 6:41 am to Breesus
quote:
158B! Awesome! We’re 30 trillion in debt and Trump wants to raise it another 4, but I’m glad he threw a fit for a month over a couple billion.
Trump doesn’t want to increase it $4T that’s Congress who won’t even approve his DOGE cuts because it takes away their local pork and donor projects.
But the $158B is from one nation.
In 2023 we imported over $3T in goods.
$3T times 10% tariff globally would be $300B. The China punitive tariffs would take it even higher with a 30% rate.
The senate just proposed cutting $90B a year so Trump just with his tariff work has done more to balance the budget by $210B per year while cutting taxes and securing an additional $10T in domestic development projects which will result in additional tax revenue and jobs relative to the Biden administration.
Posted on 5/13/25 at 8:18 am to tide06
We love our cheap fireworks!
It was setting up to be a ugly 4th of July.
Inventory was short and a lot of retailers were worried they wouldn’t have much to sell.
It was setting up to be a ugly 4th of July.
Inventory was short and a lot of retailers were worried they wouldn’t have much to sell.
Posted on 5/13/25 at 9:51 am to The Egg
According to MSM Trump caved!
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