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US Administration announces 34% tariffs on China, 20% on EU

bbc.com

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Re: US Administration announces 34% tariffs on China, 20% on EU

#31

Post by soulofmischief »

vFunct wrote: post #15

Trump really thinks America is in the 1950's. He thinks people want to work at factories doing manual labor. He doesn't understand that we DON'T want to work at factories. Americans like our plush corporate office jobs building intellectual property. We aren't oxen doing physical labor. And we designed it that way. We pay thousands of dollars to each citizen in our public schools to teach them calculus, literature, w…

These tariffs are a disaster, but this is is quite a neoliberal take. So if we aren't the oxen, who is? Vietnam? And that's morally acceptable?

Re: US Administration announces 34% tariffs on China, 20% on EU

#32

Post by Miner49er »

vFunct wrote: post #15

Trump really thinks America is in the 1950's. He thinks people want to work at factories doing manual labor. He doesn't understand that we DON'T want to work at factories. Americans like our plush corporate office jobs building intellectual property. We aren't oxen doing physical labor. And we designed it that way. We pay thousands of dollars to each citizen in our public schools to teach them calculus, literature, w…

We have plenty of workers that want that kind of work, we're just deporting a good chunk of them.

Re: US Administration announces 34% tariffs on China, 20% on EU

#33

Post by hnburnsy »

Current EU tariffs on US goods...

  Product Category              Tariff Rate
  ----------------------------- --------------
  Dairy Products (e.g., cheese, butter)             Up to 50%
  Processed Foods (e.g., chocolate, confectionery)  30-40%
  Alcoholic Beverages (e.g., whiskey, bourbon)      25%
  Steel and Aluminum Products                       25%
  Automobiles                                       10%
  Industrial Goods                                  5-10%

Re: US Administration announces 34% tariffs on China, 20% on EU

#34

Post by mindslight »

dralley wrote: post #2

25% on South Korea, 32% on Taiwan, 36% on Thailand, 46% on Vietnam What a massive and moronic blow to our soft power.

Can't hear you! USA. USA. USA.

Politically it's going to be just like how most everyone fell into line fervently supporting the Iraq War when the corpo media told them to. Then after the unavoidable truth finally seeped in, equivocation and rationalization from "I didn't really support it" to "we were misled". With a lot more visible economic pain, of course.

Then that anger from having been "tricked" will be used as raw energy to drive the next con, and so forth. A broken clock is at least right twice a day, but these low information voters will sabotage themselves every single time.

Re: US Administration announces 34% tariffs on China, 20% on EU

#36

Post by oramit »

chvid wrote: post #21

How did the value added tax (which is paid by all companies including domestic ones) become the same as import duty? The only way that you can make that tariffs charged to the USA is the level Trump claims (ie. 39% in the EU) is if you include VAT.

People keep making the mistake of thinking that there is any sort of logical consistency to Trump policies.

Re: US Administration announces 34% tariffs on China, 20% on EU

#37

Post by swat535 »

dralley wrote: post #2

25% on South Korea, 32% on Taiwan, 36% on Thailand, 46% on Vietnam What a massive and moronic blow to our soft power.

What's the actual strategy behind the current US administration slapping tariffs on everything? Feels like they're handing them out like Halloween candy. Is there a long game here, or is it just managed chaos and alienating trade partners for short term optics?

Re: US Administration announces 34% tariffs on China, 20% on EU

#39

Post by Karupan »

Genuine questions: why are they calling it “reciprocal”? Is the US just matching the tariffs set by the other countries?

Also, this announcement has wiped out any plans of buying tech products this year, plus a holiday to the US and Canada later in the year. Good thing too, as the entire globe is probably staring down the barrel of a recession.

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