Trump temporarily drops tariffs to 10% for most countries

Post by mfitton » Wed, Apr 09, 2025, 8:32 PM UTC

magicloop wrote: post #397

"It’s the T-bills wot dun it." That’s my read on why the U.S. just paused the global tariff hike to 10%. From the beginning, I’ve believed the executive branch's real goal was to push down the yield on the 10-year Treasury. Why? Because Uncle Sam has to refinance a mountain of debt this year, and the cost of that depends heavily on Treasury yields — especially the 10-year. That’s the rate that sets the tone for every…

Post by alabastervlog » Wed, Apr 09, 2025, 8:33 PM UTC

sitkack wrote: post #491

SoyAnto wrote: post #411

Earlier quoted context omitted.

Congress does have the power (article I, section 8), however it delegated this power to the president for "extraordinary" situations with certain laws.

> The nondelegation doctrine is rooted in certain separation of powers principles.1 In limiting Congress’s power to delegate, the *nondelegation doctrine exists primarily to prevent Congress from ceding its legislative power to other entities* not vested with legislative authority under the Constitution. As interpreted by the Court, the doctrine seeks to ensure that legislative decisions are made through a bicameral…

Post by matt-p » Wed, Apr 09, 2025, 8:34 PM UTC

magicreadu wrote: post #579

matt-p wrote: post #554

Earlier quoted context omitted.

Also china has 125% tarriff but the reason that they couldn't originally give 10% to Vietnam was trans-shipment of Chinese goods. If it wasn't happening before, it certainly will be now. What's actually wrong with them.

The reason they have reduced all tariffs back down to 10% even for the countries that were obviously transshipping (Vietnam, Myanmar, Thailand, Cambodia) is that they need time to negotiate with those countries, to make sure these countries now put similarly high tariffs (100%+) on China, so that transshipping is reduced to nothing

Post by delecti » Wed, Apr 09, 2025, 8:35 PM UTC

matt-p wrote: post #554

layer8 wrote: post #520

The 10% apparently also apply to Canada and Mexico now, which they didn’t before: > In a strange turn of events, the president seems to have added another 10 percent tariff to Canada and Mexico. Asked earlier if the 10 percent tariff extended to those countries, Scott Bessent, the Treasury secretary, said that it did. And a White House official clarified for me just now that that was the case. Previously, Canada and…

Also china has 125% tarriff but the reason that they couldn't originally give 10% to Vietnam was trans-shipment of Chinese goods. If it wasn't happening before, it certainly will be now. What's actually wrong with them.

Post by matt-p » Wed, Apr 09, 2025, 8:35 PM UTC

magicreadu wrote: post #619

Sgt_Apone wrote: post #610

Earlier quoted context omitted.

Seems they reversed course on that. Or, they don’t know what they’re doing. > It's been a confusing day. > As Verity said, it turns out Canada and Mexico are not getting a new 10 per cent tariff after all. > The White House reversed its earlier announcement in a new statement just now. Here's the bottom line: No new developments for Canada and Mexico today. > That means there are still worldwide 25 per cent tariffs o…

They know what they are doing. The goal is decoupling from China. They raised tariffs on everyone to see which countries stood with US and which stood with China. Once each country has made their allegiance clear, they delay the deadline to give more time for negotiation. They likely want every ally to raise their tariffs on China to be very very high, to avoid any more transshipping from China.