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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

#481

Post by torginus »

This is just a stray thought of mine - but I feel like the US might go down a very dangerous path - I think to avoid retaliatory tariffs, US companies, such as NVIDIA might decide to create foreign subsidiaries, and license the technology to them - after all the tariffs don't apply if Europe does business with a Taiwanese subsidiary.

But this will expose them to a technology exfiltration scheme and/or hostile takeover in the vein of what happened to ARM China.

Am I reading too much into this?

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

#483

Post by tw04 »

hayst4ck wrote: post #297

The golden prize for America's enemies is to remove the US dollar as a global reserve currency. Since trade is conducted largely in USD, that means other governments must purchase USD to trade. This is the core of trade deficits. Foreign countries buy US dollars so they can trade with other people. That guarantees the deficit since they give us something in exchange for USD, which they do not then spend on goods we m…

I’m past the point of thinking people are just being crazy or paranoid. Any baffling move this administration makes, I just ask myself: what would Russia want?

And without fail, it explains the unexplainable. This move is a prime example. This doesn’t help the billionaires in America, it doesn’t help ANYONE in America, but is sure is a massive bailout to a Russian economy that was on the verge of collapse.

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

#485

Post by TrackerFF »

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…

Hey, at least they were not alone. "Economy/cost of living" consistently polled as the number one issue for Trump voters.

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

#486

Post by rtkwe »

torginus wrote: post #481

This is just a stray thought of mine - but I feel like the US might go down a very dangerous path - I think to avoid retaliatory tariffs, US companies, such as NVIDIA might decide to create foreign subsidiaries, and license the technology to them - after all the tariffs don't apply if Europe does business with a Taiwanese subsidiary. But this will expose them to a technology exfiltration scheme and/or hostile takeove…

They already wouldn't be subject to this tariff if they bought directly from Taiwan. Tariffs only happen when goods cross the border so unless Nvidia's logistics required them to ship into the US to get goods to Europe they shouldn't be affected by the tariffs directly.

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

#488

Post by Ylpertnodi »

cbeach wrote: post #407

Why haven't we questioned the asymmetric high tariffs imposed by the EU on America for decades? The EU imposed a 10% tariff on US cars for decades while the US only imposed 2.5% on the EU. And this happened while the EU exerted a significant trade surplus against the US on automobiles. I don't advocate trade wars, but I can understand the case for some rebalancing, given the historic context. Hopefully Trump will onl…

>The EU imposed a 10% tariff on US cars for decades while the US only imposed 2.5% on the EU.

Whose faults? Someone signed the deal, someone let the deal stand 'for decades'. Trump could have 'rebalanced' any disparities...er, 'nicely', and been annoyingly victorious. As it is, nah. Lost trust. Not visiting, either.

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

#489

Post by shin_lao »

Gasp0de wrote: post #353

A possible retaliation by the EU could be to not enforce US intellectual property rights in the EU anymore. Or we could start taxing cloud companies, who, until now, have not paid taxes in the EU for profits that they generate in the EU.

The EU has already been doing that with "fines".

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

#490

Post by dguest »

ezoe wrote: post #263

Most goods in US directly or indirectly relies on importing. So practically, I think it just mean US introduced VAT.

Except it seems like the president has more control over tariffs.

Taxes are approved by congress, so this was surprising to me. Does the president essentially has full reign to tariff whoever they want (for whatever reason) until the end of their term?

Maybe this is less about economic independence and more about grabbing whatever power is within reach. If domestic taxes were up to the president and tariffs were up to congress, would we see exactly the same situation with domestic taxes?

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