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1
Posted on 4/2/25 at 11:24 pm to sgallo3
It’s not even the actual trade ratio either.
The trump admin only included goods and left off services. We have a massive trade surplus when it comes to services. That didn’t make it into the calculation though
The trump admin only included goods and left off services. We have a massive trade surplus when it comes to services. That didn’t make it into the calculation though
Posted on 4/2/25 at 11:24 pm to Riverside
quote:
You can’t fault Trump for a misleading chart while also using the average applied rate.
The buck stops where?
Posted on 4/2/25 at 11:36 pm to sgallo3
What’s clear is how dependent these country’s economies are on the American consumer. So a good start would be little to no tariffs on our exports. And many of those trade gaps can certainly be improved.
Posted on 4/2/25 at 11:42 pm to WestSideTiger
So it would seem the Trump admin lied about the calculation as it is clearly labeled "Tariffs charged to the US including currency manipulation and trade barriers."?
Posted on 4/2/25 at 11:45 pm to WestSideTiger
Interesting point of trivia, the US constitution actually prohibits the taxation of exports. It was a big point of contention during the constitutional convention.
Edit: Judge Ho’s excellent explanation:
quote:
Article I, Section 9, Clause 5: No Tax or Duty shall be laid on Articles exported from any State.
Edit: Judge Ho’s excellent explanation:
quote:
Alexander Hamilton was non-stop. There were a million things he wanted done. So when he was chosen for the Constitutional Convention, he spoke like he was running out of time. He talked for six hours. The Convention was listless. And among his ideas was the power to tax exports. But the Southern states feared export taxes would disproportionately harm their economies.
They worried Congress would tax them relentlessly, and then turn around and run a spending spree. They knew that, if Congress could tax exports, it would not be a question of if, but of which one.
So they demanded a categorical ban on export taxes. They knew they
would have to holler just to be heard. But they would rather be divisive than
indecisive. So they didn’t throw away their shot. They made an all-out stand: No ban on export taxes, no Constitution.
Northern delegates expressed their disgust—but the South’s agenda
was there discussed. The North wanted to tax exports and regulate
commerce. But the South wanted neither. The delegates were diametrically opposed—foes. But they took a break. And they eventually emerged with a
compromise, having open doors that were previously closed: The federal
government could regulate commerce, but not tax exports.
This post was edited on 4/2/25 at 11:53 pm
Posted on 4/3/25 at 12:28 am to Athis
I don't have an issue with lowering or ending the de minis but while better than the last try with barely over 12 hours notice a month is still going to cause havoc with customs and logistics companies. There is no way customs can ramp up to handle 10 times the number of packages a day than they do now in a month. Even if the import volume drops by 70% they are still going to have process three times the packages that they are now. I said it here the first time around when he gave overnight notice that it wouldn't work and it took the administration less than 24 hours to realize I was right. The only way to do it without mass chaos is incrementally reducing it over the course of a year. Further the only way this works is if China backs down, if China decides to play the long game they will simply subsidize their industries and likely break our will which is why you have to administer the medicine to the US consumers slowly.
The reduction of the de minimis vis-a-vis drugs is a red herring. Those imports will quickly switch to triangle shipping and avoid any disruption.
I am all for weakening China but it has to be done in a way that prevents the loss of American consumers will or the cost of political capital will be huge.
The reduction of the de minimis vis-a-vis drugs is a red herring. Those imports will quickly switch to triangle shipping and avoid any disruption.
I am all for weakening China but it has to be done in a way that prevents the loss of American consumers will or the cost of political capital will be huge.
Posted on 4/3/25 at 3:13 am to timdonaghyswhistle
quote:
I'm surprised that none of the 1,000 economists on this board hadn't pointed that out already.
We’re down to 1000? Where did the other 4000 go?
Posted on 4/3/25 at 4:13 am to _Hurricane_
quote:
feel like the administration is jumping the shark on.
This is jumping the shark:
Posted on 4/3/25 at 4:51 am to sgallo3
At the end of the day, using that chart, wouldn't it just be better for those countries to drop their tariffs on US goods?
Regardless of how you read it. It seems like those countries would lose less just by at least lowering their tariffs...didn't Vietnam already do this?
Regardless of how you read it. It seems like those countries would lose less just by at least lowering their tariffs...didn't Vietnam already do this?
Posted on 4/3/25 at 5:23 am to DMAN1968
quote:Cambodia has an 11% tariff, we are responding with a 49% tariff.
At the end of the day, using that chart, wouldn't it just be better for those countries to drop their tariffs on US goods?
This post was edited on 4/3/25 at 5:25 am
Posted on 4/3/25 at 5:31 am to Hodag
quote:
I'm sure you think this is some big gotcha and it would probably score you 20k karma and some tranny cock DMs over at Reddit. But the tariffs are 10% flat with higher reciprocal % on many specific items. This has been well documented. No idea what you are going on about, apparently those cute little charts that were floating around the internet. Good luck with the dick pics. Eta: I see every Shitlib from the OT somehow found this thread No comments on chopping off little boys cocks or inviting TdA over to pop little girls cherries or fire bombing Tesla dealerships or assassinating people who disagree with you? Didn't think so.
This is an insane level of cope.
Posted on 4/3/25 at 6:32 am to sgallo3
Why do express "ratios" as a percentage?
Posted on 4/3/25 at 6:36 am to Corinthians420
quote:
Cambodia has an 11% tariff, we are responding with a 49% tariff.
And they can drop it to 0% and we could do the same.
It's in their best interest is it not?
Posted on 4/3/25 at 6:39 am to sgallo3
Wrong, leftist. Learn something about economics.
Posted on 4/3/25 at 6:47 am to Obtuse1
quote:
They have a low VAT for European countries at 8% for non-essentials. They one place they do have fairly high tariffs in on Ag imports. Ah that's it we feed the Swiss so now it makes sense until you know US AG imports are less than 1% of US import to Swizerland.
Obtuse, why do you think our ag imports are so low?
Your gotcha didn’t work out too well, because if tariffs on ag was lower we’d be able to sell them more.
Posted on 4/3/25 at 6:48 am to Penrod
i
bUT...BUT...b-b-but...TaRiFfS aR3 LiK3 aN0tH3R taX oN aMeRiCaNs!!!!
quote:
f tariffs on ag was lower we’d be able to sell them mor
bUT...BUT...b-b-but...TaRiFfS aR3 LiK3 aN0tH3R taX oN aMeRiCaNs!!!!
Posted on 4/3/25 at 8:04 am to DMAN1968
That chart represents trade deficits, so it’s not going to be easier for the countries to just stop selling goods to US customers. It’s not going to make them buy more goods from America, either.
Americans like to buy things that are cheap, that’s what fuels the consumerism. None of these tariffs will make goods cheaper for Americans to buy.
Americans like to buy things that are cheap, that’s what fuels the consumerism. None of these tariffs will make goods cheaper for Americans to buy.
Posted on 4/3/25 at 8:14 am to Breaux
quote:
Half the people here believed Trump was the CIC over the past 4 years and would be reinstated.
You expect them to understand this?
Pretentious ignorance. Typical democrat.
And who's the current CIC?
I work with somebody like you.
This post was edited on 4/3/25 at 8:43 am
Posted on 4/3/25 at 8:25 am to fareplay
quote:
the frick can an average cambodian making $5k a year buy from US lol. Everything we have is too expensive even with 0 tariffs.
The reason they're making all of those cheap goods and selling them here is because there were no tariffs on them to begin with. Cheap goods from erd world countries closed all of the factories here because we couldn't compete with their sweat shops. Isn't that the goal? Make America Great by bringing back manufacturing and jobs to the US? Some of y'all are idiots. Who cares if Cambodia puts a tariff on our goods.
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