Russia defeated the UK with Brexit.
Russia defeated the US with Trump's policies.
Where's the internal opposition?
US Administration announces 34% tariffs on China, 20% on EU
561–570 of 1001 posts
Re: US Administration announces 34% tariffs on China, 20% on EU
#562[deleted]
Re: US Administration announces 34% tariffs on China, 20% on EU
#563When americans are angry, they tend to spread that frustration with a shovel on everyone. My country as been hot by 29% tariffs.. I can't say what we did to upset americans, given that we do not compete with any american industry in any substantial way, bu we are bearing the wrath of the wounded american blue collar worker regardless. I wonder what the net effect of tariffs will be in an year, americans are so used t…
Pakistan has 58% tariffs on the US.
Re: US Administration announces 34% tariffs on China, 20% on EU
#564I'm European. While it's pretty childish to paint the US and the EU as two human being with a "relationship" it's of course pretty jarring to see a country that has for my entire life been the undisputed cultural hegemony simply check out of the world stage and suddenly treat everyone on "their" side (culturally, politically and economically) like an enemy, or at the very least an abuser. I'm not an economist, but I…
> I truly do not understand what it is that the average American (or voter) wants,
there's no such thing as an average American voter
Re: US Administration announces 34% tariffs on China, 20% on EU
#565The media has been perpetuating that that tariffs are borne by consumers. This is partially the case, but not entirely: US dairy in Canada is not 3 x the price of Canadian dairy despite the 200% + tariff.
It really also depends on how a product is imported. Is dairy imported into Canada as a ready to sell retail product, or as bulk 'raw material' for local companies to turn into consumer products. In the latter case the tariff is less significant to the final price since most of the price the end user sees are local markups rather than the cost of the raw ingredient.
Re: US Administration announces 34% tariffs on China, 20% on EU
#566Here's a csv and google sheet of the data. Turns out they aren't tariffs countries charge us. They are trade imbalance percentages. Unreal: https://docs.google.com/spreadsheets/d/1xK0OQ5VGl8JHmDSIgbXh... https://gist.github.com/mcoliver/69fe48d03c12388e29cc0cd87eb...
[deleted]
Re: US Administration announces 34% tariffs on China, 20% on EU
#567When americans are angry, they tend to spread that frustration with a shovel on everyone. My country as been hot by 29% tariffs.. I can't say what we did to upset americans, given that we do not compete with any american industry in any substantial way, bu we are bearing the wrath of the wounded american blue collar worker regardless. I wonder what the net effect of tariffs will be in an year, americans are so used t…
Your country didn't do anything. America is being run by a madman, quite simply. This isn't reflective of Americans broadly. The people who voted for Trump wanted cheaper prices, now Trump is making everything more expensive.
The next month is going to be very interesting. The business community is going to put huge pressure on Republican representatives to undo this, and Trump's own supporters will revolt once they see the new prices reflected at Wal-Mart.
I don't know how it's going to play out, but this isn't the end. It's just the beginning.
Re: US Administration announces 34% tariffs on China, 20% on EU
#568Here's a csv and google sheet of the data. Turns out they aren't tariffs countries charge us. They are trade imbalance percentages. Unreal: https://docs.google.com/spreadsheets/d/1xK0OQ5VGl8JHmDSIgbXh... https://gist.github.com/mcoliver/69fe48d03c12388e29cc0cd87eb...
Are we factoring in digital/service trades? For example, Netflix is in Vietnam. There are many Netflix subscribers in Vietnam. Does that get factored into the trade deficit? Or is it only physical goods that get factored in? Vietnam uses many US services such as Microsoft Office, Netflix, ChatGPT, Facebook ads, etc. This is revenue that directly go into the pockets of American companies.
>Are we factoring in digital/service trades?
???
Of course not. The entire time Trump is railing against the deficit, he's talking only about goods. He wants to bring back manufacturing to America, didn't you hear?
No one asked him this shit on the campaign trail?
Re: US Administration announces 34% tariffs on China, 20% on EU
#569This 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…
didnt you listen to the 70 year olds planning this? we're just going have the robots do it.
you know how people said putin was surrounded by an echo chamber and thats how he got stuck in ukraine? Thats the us now but with billionare VC's and 2nd tier 1980's NYC real estate developers. Look at their numbers and listen to them talk, they're genuinely not grounded in reality as whole group and theres no fixing that
Re: US Administration announces 34% tariffs on China, 20% on EU
#570The 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 believe that's Trump's plan. According to the Triffin Dilemma, the source of US budgetary deficits are due to the USD being the world's reserve currency. Once that's not the case, trade should rebalance to a healthy surplus.