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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

#22

Post by 0x_rs »

Inheriting a strong economy beating all expectations that was just about to end its fight with inflation and burning it all away in a pump and dump crypto scheme fashion, while doing nothing (or even working to expand) unprecedented wealth inequality. Good luck, going to need it. The world reserve currency status is faltering, and so will the benefits it allowed US economy.

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

#23

Post by morkalork »

belter wrote: post #10

Just 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...

Walmart is a drain on communities anyways, aren't their employees on food stamps at some ridiculously high rate?

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

#24

Post by darth_avocado »

alephnerd wrote: post #9

Complete tariff list - https://cdn.xcancel.com/pic/orig/3B0CC9EA63B82/media%2FGnjqy...

An interesting observation is that the tariffs are half of what the other country is charging. Does that mean this was a common strategy across the board? Or was strategic importance of goods considered?

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

#25

Post by qwertox »

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.

Some of the workers won't understand that EU companies also have to pay the same VAT in the EU, so they think it's correct reasoning.

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

#26

Post by mytailorisrich »

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.

VAT is not paid by companies. It is paid by consumers and collected by companies. The US have the sales tax, which is similar.

It absolutely does not make sense to count VAT as a "tariff". I am sure they know it.

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

#27

Post by spacechild1 »

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.

Don't worry, acoording to Trump this will generate billions and billions of dollars and America will be rich as it never has been before. /s

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

#29

Post by vdupras »

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.

Maybe that applying VAT to imports is done asymmetrically? If, for example, I'm a US citizen importing a european widget, will federal and state sales tax be applied on import?

If they're not, then this might be why they're considered thus.

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