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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

#471

Post by blitzar »

codedokode wrote: post #80
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…

> The US doesn't have the people to do the actual manufacturing. A usual lack of high qualified low paid workers?

People in the US dont want to work 14 hour shifts for 50c a day for some reason.

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

#472

Post by alkonaut »

aredox wrote: post #152

[flagged]

That Democrats have held both the white house and congress several times over the last decades, and didn't try to put in place some reasonable voter ID laws is really sick.

Basically the law they would need is "states can do whatever voter ID they want, if it's free and easy to get ID and 9X% of voters not just _can get it, but actually actually have it, otherwise they can't". Or they could have made a federal ID and ensured everyone gets it.

But Democrats always felt that even going ner voter id laws were a bit dangerous. It always rang like "voter suppression" to them (and in many ways it probably was). But they missed the chance to make it impossible for Republicans to abuse it as voter suppression - and here we are now, worrying that there will be voter ID laws despite many lacking ID. It's infuriating.

Why the idea of "we'll just make sure people have ID" is so unimaginable is just completely impossible to understand. It doesn't matter that there is no actual in-person voter fraud. Voter ID laws are a good thing anyway - if everyone actually has ID. It adds trust to the process and god knows the US needs a process where people actually believe it's secure, not just one that IS secure.

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

#473

Post by axegon_ »

jbverschoor wrote: post #223

The whole table doesn't make sense. We (NL/EU) don't charge the US 39% to import . Apparently orange guy (not the Dutch) doesn't understand VAT rates. Car? max 4.5 + 21% VAT = 25%. But it simply doesn't matter bc we don't want their cars.. Except for thee Dodge RAM, which can be converted to a tax efficient company car (crazy).. What amazes me even more is that Elon doesn't seems to understand it either.

Brave of you to assume that comrade muskov understands anything.

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

#474

Post by mikesickler »

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…

Foreign held debt is less than 30% of outstanding, and less than that is sovereign-owned, so I don't think devaluing or attempting to restructure foreign debt via "century bonds" will have much effect on US debt obligations.

I seriously doubt this administration understands any of this. I agree that they don't care, but I don't think they know what's going to happen. No one does.

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

#475

Post by lifeinthevoid »

So the US has been, more or less, the best place in the world to do business. Stocks historically soaring, yadda yadda yadda ... and somehow this guy sells the story that the US has been taking advantage of by all the other evil countries in the world. It does not, in any way, make sense. What a clown. A totalitorian clown unfortunately.

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

#477

Post by BLKNSLVR »

gigatexal wrote: post #57

Americans have been hurt for 50 years … yes manufacturing going overseas was a huge change and many administrations didn’t do enough to help affected workers. Buuuuuut - placing tariffs on our allies that will likely lead to a recession makes no sense. Devaluing the dollar and subsidizing production in the US makes far more sense. But I’m not an economist or anything.

> Americans have been hurt for 50 years

Can you please explain a bit more about this 'hurt'?

My understanding is that a significant majority of sources of US 'hurt' are internal and there has been ample opportunity to vote at least some of it away, but the votes keep going in the direction of making it worse.

The worst thing about it is that the situation has essentially been perpetrated on the citizens of the US by those with power and influence for the simple human weakness of greed. Unfortunately they've got the power and resources to effectively do large scale "convincing".

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

#478

Post by Trasmatta »

jjice wrote: post #460

From the people in my life who talked about their preference for this administration, the economy was the core reason I heard. Specifically interest rates, but ignoring that that’s the federal reserve and the president has no impact on that. Whatever - all that said, I can’t imagine this leads to an economic boom or anything near it by the midterms. Are the republicans going to lose midterms if the economy is shit? I…

It's insane, because all those people have now backpedaled and no longer bring up the economy as their primary concern.

Also insane because all of this was so predictable. Trump couldn't stop talking about tariffs throughout all of 2024. It was obvious that he was going to do this, and obvious that it would tank the economy.

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

#479

Post by roxolotl »

Aside from everything else one thing what strikes me as particularly insane is how it’s not even defensible as a protective measure. My favorite everyday olive oil comes from Tunisia. They now have a 38% tariff on them. There are no out of work olive farmers in the US.

The orange man wanted tariffs, the orange man is going to get tariffs. Now we have to hope the American people aren’t so dumb as to still be convinced only he can solve their issues. I don’t hold out hope for that.

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