641–650 of 1001 posts
So what's going to happen is: - each country will impose equivalent taxes on the import of US goods - this is not only expected, but the norm under international trade law. - with the rest of the world, still having free trade agreements between them, will start trading around the US, the US won't be able to compete The value of the US$ will likely drop by the value of the tariffs. If everyone starts trading around t…
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…
>> There are no out of work olive farmers in the US. I'm not sure this is true. I buy olive oil specifically from California. It's niche but could be larger if they weren't competing with lower overseas labor costs.
So what's going to happen is: - each country will impose equivalent taxes on the import of US goods - this is not only expected, but the norm under international trade law. - with the rest of the world, still having free trade agreements between them, will start trading around the US, the US won't be able to compete The value of the US$ will likely drop by the value of the tariffs. If everyone starts trading around t…
Many of these countries already have tariffs on U.S. goods. The EU has a 25% tariff on US agricultural, chemical, and some manufactured products.
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…
The 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.
They’ve not done that enough. The title is literally “34% tarriffs on China”. Heh, not __on__ China but 34% import tax on products which come indirectly or directly from China, imported by $country residents or companies.
A blanket 10% minimum tariff is a great excuse for any local US manufacturing to increase their prices. I used to live in a country with heavy tariffs, every time tariffs were raised the local producers increased prices to be just below the imports. Even after the tariffs were abolished the prices (on local and imports) never really lowered in any significant way.
Notably none of Russia, Belorussia or North Korea. Really starting to look like the US senior leadership is compromised
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…
> There are no out of work olive farmers in the US. Is that because we can't grow olives here, or because we don't have federal subsidies propping up a domestic olive industry that can compete with corn and soy? I ready don't know the details well enough there, but it feels like this could just be selection bias at play.
I don't see anyone mentioning that the United States needs to manage its massive national debt, currently in the trillions, by issuing Treasury securities. These securities mature at varying intervals and require continuous "rolling" or refinancing to pay off old debt with new borrowing. Significant rollovers are expected from April through September 2025, with additional short-term maturities due by June. Higher int…