Trump temporarily drops tariffs to 10% for most countries

Post by croes » Wed, Apr 09, 2025, 6:42 PM UTC

timewizard wrote: post #108

valzam wrote: post #79

Earlier quoted context omitted.

Absolutely no one was seriously considering building a factory in the US based on the insansity of last week

Thailand is a good example. They have about $40b (USD) in balance of trade going the wrong way. Their initial ideas were simply to import more american petroleum, vehicles and aircraft. This likely could have accounted for more than half the difference and significantly reduced their tariff rate by just changing suppliers of already imported products. The US news is pretty useless here. It's more nuanced than they wo…

Post by sebtron » Wed, Apr 09, 2025, 6:42 PM UTC

loevborg wrote: post #26

The Chinese are warning their citizens about travel to the U.S. > China issued an alert warning its citizens and students of the potential risk of traveling in the U.S. and attending schools there. > > “Recently, due to the deterioration of China-US economic and trade relations and the domestic security situation in the United States, the Ministry of Culture and Tourism reminds Chinese tourists to fully assess the ri…

Post by [deleted] » Wed, Apr 09, 2025, 6:42 PM UTC

davidw wrote: post #33

One thing companies love is lots of uncertainty like this. It keeps their accountants entertained! "Maybe we should build a factory in the US" ... 24 hours later ... "well, not today". What's really amazing is all the muttering from "Very Important Wall Street" type people who are saying that he's insane. Like... with that kind of salary, weren't you paying attention? We've known he wasn't right in the head for a whi…

Post by echoangle » Wed, Apr 09, 2025, 6:43 PM UTC

midtake wrote: post #114

valzam wrote: post #79

Earlier quoted context omitted.

Absolutely no one was seriously considering building a factory in the US based on the insansity of last week

The market is huge. Absolutely someone was considering it. Whether they had time to put plans in motion is a separate matter altogether.

Post by java-man » Wed, Apr 09, 2025, 6:43 PM UTC

thuanao wrote: post #130

xnx wrote: post #106

So Trump destroyed the hard-earned 80-year history of the United States for strength and stability for what exactly?

Because he can, and because "owning the libs" is the whole modus operandi of the Republican Party that put him there. Seems obvious to me that the reason Trump uses tariffs is simply because that's the only tool available to him to exert his power. Tariffs let him wave his dick around. Cutting taxes requires passing legislation. Raising other taxes requires passing legislation.