US Administration announces 34% tariffs on China, 20% on EU
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Re: US Administration announces 34% tariffs on China, 20% on EU
#225% on South Korea, 32% on Taiwan, 36% on Thailand, 46% on Vietnam
What a massive and moronic blow to our soft power.
Re: US Administration announces 34% tariffs on China, 20% on EU
#3I guess I didn’t want to buy any new tech anyways.
Thanks Tim Apple.
Re: US Administration announces 34% tariffs on China, 20% on EU
#4Matches the expectation analysts have had from December 2024 [0]
"In the baseline scenario, we assume that the US will raise its effective WATR against Chinese goods by a total of 20 percentage points over 2025-27. We expect the effective tariff rate on China to rise by 5-10 percentage points in 2025, owing to the imposition of tariffs related to fentanyl smuggling disputes. Mr Trump will further phase in tariffs from late 2025 with a wider range of excuses and policy tools, eventually bringing the effective WATR facing Chinese exports to about 30% by 2027."
[0] - https://www.eiu.com/n/the-impact-of-us-tariffs-on-china-thre...
Re: US Administration announces 34% tariffs on China, 20% on EU
#525% on South Korea, 32% on Taiwan, 36% on Thailand, 46% on Vietnam What a massive and moronic blow to our soft power.
It's not just soft power. It is also economic power. Also, note that there is a baseline 10% on all countries.
Re: US Administration announces 34% tariffs on China, 20% on EU
#6Are those in addition to existing tariffs?
And there are a lot more countries in that list, South Korea and Taiwan are going to really hurt for electronics. And I assume Vietnam, Cambodia, Bangladesh and other countries will hurt for other good that are made cheaply there.
Re: US Administration announces 34% tariffs on China, 20% on EU
#7Are those in addition to existing tariffs? And there are a lot more countries in that list, South Korea and Taiwan are going to really hurt for electronics. And I assume Vietnam, Cambodia, Bangladesh and other countries will hurt for other good that are made cheaply there.
> And I assume Vietnam, Cambodia, Bangladesh and other countries will hurt for other good that are made cheaply there
Vietnam and Bangladesh would hurt American consumers (clothes). Cambodia not really.
Silver lining, Brazil and Colombia (edit: and the rest of Latin America) are kept at baseline, and Philippines is now the lowest tariff developing Asian economy.
We'll probably see a significant amount of capital returning to Philippines (who saw de-industrialization when South Korea signed their FTA with Vietnam).
> Are those in addition to existing tariffs?
Yes (Edit: not sure now, I'm hearing some say they include the 2017 tariff regime of flat 10% - smh shows how this was just a political ploy that answers for such a critical question are mixed)
(Edit 2: was right initially - thanks u/inverted_flag)
Re: US Administration announces 34% tariffs on China, 20% on EU
#8I guess I didn’t want to buy any new tech anyways. Thanks Tim Apple.
Can always vacation somewhere you can pickup gear and bring it back with you. Not customs advice.
Re: US Administration announces 34% tariffs on China, 20% on EU
#9Complete tariff list - https://cdn.xcancel.com/pic/orig/3B0CC9EA63B82/media%2FGnjqy...
Re: US Administration announces 34% tariffs on China, 20% on EU
#10Just leaving this here from 2023...
"In America, estimates say that Chinese suppliers make up 70-80 percent of Walmart’s merchandise" - https://retailwire.com/discussion/walmarts-open-call-continu...