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NBC News: Goods imported from China now face a 54% tariff rate

Crowz said:
IF these figures are correct then what Trump did is common sense :
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lol, that word “IF” is pulling a lot of weight. None of those figures are correct. Vietnam is listed as having a 90% tariff on U.S. goods; it’s actually less than 15%. Those numbers he’s holding up were derived by using what is known as an Anal Extraction Analysis, meaning they were just pulled out of the ass.
 
Crowz said:
IF these figures are correct then what Trump did is common sense :
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The figures are not correct, South Korea, with which the U.S. has a trade agreement, is not charging a 50% tariff on U.S. exports. Nor is the EU charging a 39% tariff. To me it is not surprising that Trump lied, what is interesting is that people take anything at all that Trump says at face value, considering that Trump lied over 30,000 times in his first term. Link.

Historically speaking, these tariffs are absolutely enormous. They are much higher than the famous Smoot-Hawley tariffs imposed at the start of the Great Depression... Link.

Interesting times.
 
Bongbong said:
The figures are not correct, South Korea, with which the U.S. has a trade agreement, is not charging a 50% tariff on U.S. exports. Nor is the EU charging a 39% tariff. To me it is not surprising that Trump lied, what is interesting is that people take anything at all that Trump says at face value, considering that Trump lied over 30,000 times in his first term. Link.

Historically speaking, these tariffs are absolutely enormous. They are much higher than the famous Smoot-Hawley tariffs imposed at the start of the Great Depression... Link.

Interesting times.
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I don't know what south korea has for tariffs but I KNOW the eu has tariffs and from the fussing about vat taxes aka TARIFFS it isn't cheap.




This does not include any "eu" blanket rates.


2025 VAT Rates in Europe | EU VAT Rates by Country
Country Standard Rate (%)
Austria (AT) 20
Belgium (BE) 21
Bulgaria (BG) 20
Croatia (HR) 25
Cyprus (CY) 19
Czech Republic (CZ) 21
Denmark (DK) 25
Estonia (EE) 22
Finland (FI) 25.5
France (FR) 20
Georgia (GE) 18
Germany (DE) 19
Greece (GR) 24
Hungary (HU) 27
Iceland (IS) 24
Ireland (IE) 23
Italy (IT) 22
Latvia (LV) 21
Lithuania (LT) 21
Luxembourg (LU) 17
Malta (MT) 18
Moldova (MD) 20
Netherlands (NL) 21
Norway (NO) 25
Poland (PL) 23
Portugal (PT) 23
Romania (RO) 19
Slovakia (SK) 23
Slovenia (SI) 22
Spain (ES) 21
Sweden (SE) 25
Switzerland (CH) 8.1
Turkey (TR) 20
Ukraine 20
United Kingdom (GB) 20
 
Crowz said:
I don't know what south korea has for tariffs but I KNOW the eu has tariffs and from the fussing about vat taxes aka TARIFFS it isn't cheap.




This does not include any "eu" blanket rates.


2025 VAT Rates in Europe | EU VAT Rates by Country
Country Standard Rate (%)
Austria (AT) 20
Belgium (BE) 21
Bulgaria (BG) 20
Croatia (HR) 25
Cyprus (CY) 19
Czech Republic (CZ) 21
Denmark (DK) 25
Estonia (EE) 22
Finland (FI) 25.5
France (FR) 20
Georgia (GE) 18
Germany (DE) 19
Greece (GR) 24
Hungary (HU) 27
Iceland (IS) 24
Ireland (IE) 23
Italy (IT) 22
Latvia (LV) 21
Lithuania (LT) 21
Luxembourg (LU) 17
Malta (MT) 18
Moldova (MD) 20
Netherlands (NL) 21
Norway (NO) 25
Poland (PL) 23
Portugal (PT) 23
Romania (RO) 19
Slovakia (SK) 23
Slovenia (SI) 22
Spain (ES) 21
Sweden (SE) 25
Switzerland (CH) 8.1
Turkey (TR) 20
Ukraine 20
United Kingdom (GB) 20
Click to expand...
VAT is levied on all goods sold, even locally produced goods.
 
Crowz said:
I don't know what south korea has for tariffs but I KNOW the eu has tariffs and from the fussing about vat taxes aka TARIFFS it isn't cheap.




This does not include any "eu" blanket rates.


2025 VAT Rates in Europe | EU VAT Rates by Country
Country Standard Rate (%)
Austria (AT) 20
Belgium (BE) 21
Bulgaria (BG) 20
Croatia (HR) 25
Cyprus (CY) 19
Czech Republic (CZ) 21
Denmark (DK) 25
Estonia (EE) 22
Finland (FI) 25.5
France (FR) 20
Georgia (GE) 18
Germany (DE) 19
Greece (GR) 24
Hungary (HU) 27
Iceland (IS) 24
Ireland (IE) 23
Italy (IT) 22
Latvia (LV) 21
Lithuania (LT) 21
Luxembourg (LU) 17
Malta (MT) 18
Moldova (MD) 20
Netherlands (NL) 21
Norway (NO) 25
Poland (PL) 23
Portugal (PT) 23
Romania (RO) 19
Slovakia (SK) 23
Slovenia (SI) 22
Spain (ES) 21
Sweden (SE) 25
Switzerland (CH) 8.1
Turkey (TR) 20
Ukraine 20
United Kingdom (GB) 20
Click to expand...
Not comparable. We pay VAT even things produced here. This enables free education, free healthcare and spongers getting by without working a single day in their lives...
 
Crowz said:
vat taxes aka TARIFFS
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Umm, no. VAT taxes are not tariffs. VAT applies to goods regardless of where they are produced, imported or not. VAT is more analogous to our sales taxes. Tariffs are taxes that single out imported goods; VAT applies equally to domestic and imported goods. Your point (if there is one) doesn’t change the fact that there’s no real basis for calling these newly announced tariffs “reciprocal.”
 
S Davis said:
Problem with that is we have pissed off Canada and we get a lot of our energy from across the boarder so I don’t think energy prices will go anywhere but up. Everything just got more expensive and I know my paycheck hasn’t gone up lately.

The housing market is going to collapse, if you thought 2008 was bad hold on. Contractors are canceling projects left and right around here because of the lumber and material tariffs, and their customers getting spooked.
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I think you are backwards on this as 2008 was a reduction in the market value of homes due to banking practices. In this case if homes are not built due to tariffs as stated than the current older homes and ones being built will increase in value currently. Sellers' market.

In the future may hurt buyers that purchased during this trend when things settle back down which everyone knows will because that is how money is made the buying and selling. Also, the stock market moves up and down too and "smart" investors love this, the chance of higher gains comes with the volatile market.
 
GuyG said:
Umm, no. VAT taxes are not tariffs. VAT applies to goods regardless of where they are produced, imported or not. VAT is more analogous to our sales taxes. Tariffs are taxes that single out imported goods; VAT applies equally to domestic and imported goods. Your point (if there is one) doesn’t change the fact that there’s no real basis for calling these newly announced tariffs “reciprocal.”
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Import VAT is a tax that must be paid on goods brought into the UK from another country, typically at the same rate as if the goods were purchased within the UK.
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It ought to be interesting if the results of all this changes the trajectory of dropping prices for panels, LiFePO4 and AIO's or it accelerates them. Will we look back next year and say we wish we had bought or wish we had waited?
 
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DPC said:
If...
Provided he does not tank the economy.
A huge tax increase on top of weakening demand.
Might not make up for the tax cuts he is trying to get passed.
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Might is the right word to use but you could not use it if you didn't try.
Everyone agrees things need to change and this is one of many methods that it could be handled all we can do is roll with the punches and hope things improve.
Will the market tank or exceed, MIGHT.
Will the taxes increase or decrease, MIGHT.
Will any of it happen if we didn't try, no, we would continue to follow a path that everyone agrees is not sustainable. So, let's TRY something.

Overall if your company needed to be overhauled and saved from bankruptcy would you want a person with a degree in politics or business.
 
GuyG said:
Ok then, according to Crowz’s logic about an “import VAT,” I guess the 7% sales tax I pay on a loaf of bread can be called an “import sales tax.”
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Its more like a new ford mustang costing 66,364.15 in germany right now or $33,515 in the united states...
 
Will Prowse said:
Neither party has been able to reduce the deficit in a long time. Also, there is no one in congress besides thomas massie that votes to help america.
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We had a surplus under Clinton, were you even alive then? Wasn't that long ago to me but I guess it's been 25 years. Imagine a president getting impeached for cheating on his wife now days lol.
 
nc73 said:
Oh stop trying to be neutral. Have you looked at the stock market lately? Grocery prices? Trump making everything cheaper like he promised? LOL. This is the worst admin ever, admit it.
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You know that if someone talks in absolutes (worst ever?) they usually have nothing to back it and speak from emotion not logic.
 
Dagoth Ur Does Solar said:
I totally understand the concept of having your GDP growth outpace your debt, which seems to be what many economists really like to repeat as the real solution...

Obviously, for that to actually work, we need to stop generating huge volumes of additional debt, which I think in the mind of a lot of Americans, has been the problem.

Every time I see that chart Will posts, I wince thinking about how much as a percentage of my income I pay into Social Security, and how I feel absolutely certain I'm not going to see any of that. All of my financial planning for when I eventually retire has been ignoring the existence of Social Security.
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This is the biggest problem -- you, as well as most people, actually believe what you posted here. The truth is for all the money put into Social Security in your career lifetime, both by you and your employer, it takes less than 5 years at full retirement to get it all back. After 5 years, it isn't YOUR money that you are getting. You're a taker at that point.

The real problem is people have come to imagine the Old Age, Survivors, and Disability Insurance commonly called "Social Security" is a retirement plan. It isn't and never was. It is INSURANCE that was designed to supplement your pension and savings for those few remaining years. Remember, in 1940 the average life expectancy in the US was 62.9 years old. By 2001 that had reached 76.6 and 2025 it is 79. Considering "full retirement age" was 65 when this started, most of the population was expected to be DEAD before they ever collected a penny. Now we're looking at an expectation of 10+ years of payments before that happens.

Social Security isn't a retirement plan. If you treat it that way, you're fucked. This has ALWAYS been the case, people just deluded themselves otherwise.
 
Crowz said:
Its more like a new ford mustang costing 66,364.15 in germany right now or $33,515 in the united states...
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Yes, but you don't seem to understand that Germans have to pay same tax (=VAT) for "Made in Germany" cars too so VAT isn't against US Ford Mustangs but German citizens. VAT isn't for protecting domestic production against some other country. It is just a way to tax EU citizen to death.
 
GuyG said:
lol, that word “IF” is pulling a lot of weight. None of those figures are correct. Vietnam is listed as having a 90% tariff on U.S. goods; it’s actually less than 15%. Those numbers he’s holding up were derived by using what is known as an Anal Extraction Analysis, meaning they were just pulled out of the ass.
Click to expand...
He is showing his numbers. Why not show your evidence that they are only 15%?
 
Crowz said:
Its more like a new ford mustang costing 66,364.15 in germany right now or $33,515 in the united states...
Click to expand...
Germany’s import tariff on cars is 10%. They also charge 19% VAT on all cars, whether it’s a German-made Mercedes or a Ford Mustang. What’s your point?
 
Jmhai3 said:
He is showing his numbers. Why not show your evidence that they are only 15%?
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The numbers have been proven to not be tariffs but instead trade deficit divided by export to us, Vietnam does not have 90% tariffs it has a 90% trade deficit, they simply export way more to us than import from us.
 
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