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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

#161

Post by trinix912 »

flowerthoughts wrote: post #157
TrackerFF wrote: post #62

From what I understand, de minimis exemption has also been removed. That is a huge, huge deal. It effectively means that all goods imported from China will be slapped with a 30% import tax, as soon as said goods arrive the US border / customs. Usually what happens then, is that the courier will pay that tax, and then bill the recipient later on - as well as charge some fee/fees for the work done. This is why in some…

In Europe, Alibaba has their own warehouse in the Netherlands. I wonder if that's to be able to do a single "international" import. Could the same happen in the US?

Aliexpress does that as well, with a warehouse in Hungary. They ship the products there, import them en masse as a business, then relabel and send them off to the recipients.

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

#162

Post by danols »

apparent wrote: post #129
TrackerFF wrote: post #62

From what I understand, de minimis exemption has also been removed. That is a huge, huge deal. It effectively means that all goods imported from China will be slapped with a 30% import tax, as soon as said goods arrive the US border / customs. Usually what happens then, is that the courier will pay that tax, and then bill the recipient later on - as well as charge some fee/fees for the work done. This is why in some…

So is AMZN stock up?

Do you expect their annual turnover to go up? They might get a bigger slize of the pie but the pie itself is getting smaller. Pre trade AMZN was down 7%

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

#164

Post by russdill »

vitorgrs wrote: post #118
ggm wrote: post #87

I think a lot of people assume the economic consequences like these have not been understood by the WH. Although I don't like this administration I beg to differ: they know what's going to happen, and they expect the coming storm because they seek what follows. They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get t…

The weighted average of the new U.S. tariffs will be 29% it seems. Maybe they know the consequences, but to give you a idea... it was 1.5% before. The new ones will be equivalent to Brazilian tariffs in 1989 before opening the economy (31%, data from World Bank). Now, Brazilian tariffs, which have one if the most closed economies, by weighted average, is 7%. China, have 2.2%. The United States will be an autarchy, si…

This is also the start, other countries will retaliate and the current administration being the current administration will probably respond.

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

#165

Post by toasterlovin »

I believe this from the White House contains the only semi official numbers:

https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-pr....

That has 10% across the board starting April 5th, then unspecified rates for the “worst offenders” starting April 9th.

I say “semi official” because it’s not official until US Customs and Border Patrol publishes the rates. So far I don’t think they’ve done that. Their announcements page here doesn’t have anything:

https://www.cbp.gov/newsroom/announcements

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

#166

Post by exe34 »

ggm wrote: post #87

I think a lot of people assume the economic consequences like these have not been understood by the WH. Although I don't like this administration I beg to differ: they know what's going to happen, and they expect the coming storm because they seek what follows. They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get t…

> . I would think it unlikely they can secure an updraft from this to keep the house. What's the plan for that?

given that they've done most of the things they accuse others of, I wouldn't be surprised if they win by 110%.

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

#167

Post by sdenton4 »

apparent wrote: post #129
TrackerFF wrote: post #62

From what I understand, de minimis exemption has also been removed. That is a huge, huge deal. It effectively means that all goods imported from China will be slapped with a 30% import tax, as soon as said goods arrive the US border / customs. Usually what happens then, is that the courier will pay that tax, and then bill the recipient later on - as well as charge some fee/fees for the work done. This is why in some…

So is AMZN stock up?

Well, given that 90% of stuff on Amazon is relabeled crud from Ali Express...

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

#168

Post by aredox »

ggm wrote: post #87

I think a lot of people assume the economic consequences like these have not been understood by the WH. Although I don't like this administration I beg to differ: they know what's going to happen, and they expect the coming storm because they seek what follows. They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get t…

Trump wasted his inheritance and has been several times in bankruptcies - and not "I took risks" bankrupt, more "I f*cked up" and "I lied" bankruptcies.

Why do you think we are naive and you aren't?

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

#169

Post by seydor »

iteratethis wrote: post #75

This won't bring home manufacturing but let's say that it will... The US doesn't have the people to do the actual manufacturing. I saw a video recently explaining how sectors like the military, construction and the automotive industry each have 100K+ positions that they are unable to fill. A return to manufacturing adds to that shortage. Apparently there's some 7 million young men of working age that are...missing in…

Suppose you even find those workers. How are american products going to compete with cheaper chinese / european ones. People over there are used to much lower wages / purchasing power. You can look at Tesla vs BYD prices as an example

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

#170

Post by isoprophlex »

ggm wrote: post #87

I think a lot of people assume the economic consequences like these have not been understood by the WH. Although I don't like this administration I beg to differ: they know what's going to happen, and they expect the coming storm because they seek what follows. They want to repudiate foreign held debt, or devalue it, by revaluation of the USD and they will wear what they think of as a one time economic shock to get t…

> the midterms will hit while the bottom is still chugging along. I would think it unlikely they can secure an updraft from this to keep the house. What's the plan for that?

There won't be any elections. We will stick with Trumpism. We will be our own best friends, Morty. The outside world will be our enemy. We will do great things Morty, we will do the greatest things. A Trump administration for a 100 years. A Trump administration forever. Over and over. Running around, the Trump administration forever.

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