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Tariff Wars!!!

fatjay

Solar Wizard
Joined
Oct 31, 2022
Messages
1,595
Location
Pennsylvania
Retaliatory tariffs go into effect today and the libs are going nuts. None of the media outlets are reporting the foreign tariffs that already exist on our goods and that ours are only getting placed where theirs exist. My shiny new boat is being made in NZ this month and I expect the hull to be a part of the 10% applied tariff.

Here's a list of what they are (I don't know why they couldn't have put them in alphabetical order):
The following are the reciprocal tariffs Trump announced on Wednesday. Any countries not on the list will have a baseline 10% tariff on any products coming into the U.S., the administration said. The tariffs charged to the U.S. include currency manipulation and trade barriers, according to information provided by the administration—though the percentages could not be independently verified:

China: 34% (charges U.S. 67%)—though Treasury Secretary Scott Bessent said the 34% will be in addition to tariffs China already faces, bringing its tariff rate to 54%.
European Union: 20% (charges U.S. 39%)
Vietnam: 46% (charges U.S 90%)
Taiwan: 32% (charges U.S. 64%)
Japan: 24% (charges U.S. 46%)
India: 26% (charges U.S. 52%)
South Korea: 25% (charges U.S. 50%)
Thailand: 36% (charges U.S. 72%)
Switzerland: 31% (charges U.S. 61%)
Indonesia: 32% (charges U.S. 64%)
Malaysia: 24% (charges U.S. 47%)
Cambodia: 49% (charges U.S. 97%)
United Kingdom: 10% (charges U.S. 10%)
South Africa: 30% (charges U.S. 60%)
Brazil: 10% (charges U.S. 10%)
Bangladesh: 37% (charges U.S. 74%)
Singapore: 10% (charges U.S. 10%)
Israel: 17% (charges U.S. 33%)
Philippines: 17% (charges U.S. 34%)
Chile: 10% (charges U.S. 10%)
Australia: 10% (charges U.S. 10%)
Pakistan: 29% (charges U.S. 58%)
Turkey: 10% (charges U.S. 10%)
Sri Lanka: 44% (charges U.S. 88%)
Colombia: 10% (charges U.S. 10%)
Peru: 10% (charges U.S. 10%)
Nicaragua: 18% (charges U.S. 36%)
Norway: 15% (charges U.S. 30%)
Costa Rica: 10% (charges U.S. 17%)
Jordan: 20% (charges U.S. 40%)
Dominican Republic: 10% (charges U.S. 10%)
United Arab Emirates: 10% (charges U.S. 10%)
New Zealand: 10% (charges U.S. 20%)
Argentina: 10% (charges U.S. 10%)
Ecuador: 10% (charges U.S. 12%)
Guatemala: 10% (charges U.S. 10%)
Honduras: 10% (charges U.S. 10%)
Madagascar: 47% (charges U.S. 93%)
Myanmar (Burma): 44% (charges U.S. 88%)
Tunisia: 28% (charges U.S. 55%)
Kazakhstan: 27% (charges U.S. 54%)
Serbia: 37% (charges U.S. 74%)
Egypt: 10% (charges U.S. 10%)
Saudi Arabia: 10% (charges U.S. 10%)
El Salvador: 10% (charges U.S. 10%)
Côte d’Ivoire: 21% (charges U.S. 41%)
Laos: 48% (charges U.S. 95%)
Botswana: 37% (charges U.S. 74%)
Trinidad and Tobago: 10% (charges U.S. 12%)
Morocco: 10% (charges U.S. 10%)
Algeria: 30% (charges U.S. 59%)
Oman: 10% (charges U.S. 10%)
Uruguay: 10% (charges U.S. 10%)
Bahamas: 10% (charges U.S. 10%)
Lesotho: 50% (charges U.S. 99%)
Ukraine: 10% (charges U.S. 10%)
Bahrain: 10% (charges U.S. 10%)
Qatar: 10% (charges U.S. 10%)
Mauritius: 40% (charges U.S. 80%)
Fiji: 32% (charges U.S. 63%)
Iceland: 10% (charges U.S. 10%)
Kenya: 10% (charges U.S. 10%)
Liechtenstein: 37% (charges U.S. 73%)
Guyana: 38% (charges U.S. 76%)
Haiti: 10% (charges U.S. 10%)
Bosnia and Herzegovina: 35% (charges U.S. 70%)
Nigeria: 14% (charges U.S. 27%)
Namibia: 21% (charges U.S. 42%)
Brunei: 24% (charges U.S. 47%)
Bolivia: 10% (charges U.S. 20%)
Panama: 10% (charges U.S. 10%)
Venezuela: 15% (charges U.S. 29%)
North Macedonia: 33% (charges U.S. 65%)
Ethiopia: 10% (charges U.S. 10%)
Ghana: 10% (charges U.S. 17%)
Moldova: 31% (charges U.S. 61%)
Angola: 32% (charges U.S. 63%)
Democratic Republic of the Congo: 11% (charges U.S. 22%)
Jamaica: 10% (charges U.S. 10%)
Mozambique: 16% (charges U.S. 31%)
Paraguay: 10% (charges U.S. 10%)
Zambia: 17% (charges U.S. 33%)
Lebanon: 10% (charges U.S. 10%)
Tanzania: 10% (charges U.S. 10%)
Iraq: 39% (charges U.S. 78%)
Georgia: 10% (charges U.S. 10%)
Senegal: 10% (charges U.S. 10%)
Azerbaijan: 10% (charges U.S. 10%)
Cameroon: 11% (charges U.S. 22%)
Uganda: 10% (charges U.S. 20%)
Albania: 10% (charges U.S. 10%)
Armenia: 10% (charges U.S. 10%)
Nepal: 10% (charges U.S. 10%)
Sint Maarten: 10% (charges U.S. 10%)
Falkland Islands: 41% (charges U.S. 82%)
Gabon: 10% (charges U.S. 10%)
Kuwait: 10% (charges U.S. 10%)
Togo: 10% (charges U.S. 10%)
Suriname: 10% (charges U.S. 10%)
Belize: 10% (charges U.S. 10%)
Papua New Guinea: 10% (charges U.S. 15%)
Malawi: 17% (charges U.S. 34%)
Liberia: 10% (charges U.S. 10%)
British Virgin Islands: 10% (charges U.S. 10%)
Afghanistan: 10% (charges U.S. 49%)
Zimbabwe: 18% (charges U.S. 35%)
Benin: 10% (charges U.S. 10%)
Barbados: 10% (charges U.S. 10%)
Monaco: 10% (charges U.S. 10%)
Syria: 41% (charges U.S. 81%)
Uzbekistan: 10% (charges U.S. 10%)
Republic of the Congo: 10% (charges U.S. 10%)
Djibouti: 10% (charges U.S. 10%)
French Polynesia: 10% (charges U.S. 10%)
Cayman Islands: 10% (charges U.S. 10%)
Kosovo: 10% (charges U.S. 10%)
Curaçao: 10% (charges U.S. 10%)
Vanuatu: 22% (charges U.S. 44%)
Rwanda: 10% (charges U.S. 10%)
Sierra Leone: 10% (charges U.S. 10%)
Mongolia: 10% (charges U.S. 10%)
San Marino: 10% (charges U.S. 10%)
Antigua and Barbuda: 10% (charges U.S. 10%)
Bermuda: 10% (charges U.S. 10%)
Eswatini: 10% (charges U.S. 10%)
Marshall Islands: 10% (charges U.S. 10%)
Saint Pierre and Miquelon: 50% (charges U.S. 99%)
Saint Kitts and Nevis: 10% (charges U.S. 10%)
Turkmenistan: 10% (charges U.S. 10%)
Grenada: 10% (charges U.S. 10%)
Sudan: 10% (charges U.S. 10%)
Turks and Caicos Islands: 10% (charges U.S. 10%)
Aruba: 10% (charges U.S. 10%)
Montenegro: 10% (charges U.S. 10%)
Saint Helena: 10% (charges U.S. 15%)
Kyrgyzstan: 10% (charges U.S. 10%)
Yemen: 10% (charges U.S. 10%)
Saint Vincent and the Grenadines: 10% (charges U.S. 10%)
Niger: 10% (charges U.S. 10%)
Saint Lucia: 10% (charges U.S. 10%)
Nauru: 30% (charges U.S. 59%)
Equatorial Guinea: 13% (charges U.S. 25%)
Iran: 10% (charges U.S. 10%)
Libya: 31% (charges U.S. 61%)
Samoa: 10% (charges U.S. 10%)
Guinea: 10% (charges U.S. 10%)
Timor-Leste: 10% (charges U.S. 10%)
Montserrat: 10% (charges U.S. 10%)
Chad: 13% (charges U.S. 26%)
Mali: 10% (charges U.S. 10%)
Maldives: 10% (charges U.S. 10%)
Tajikistan: 10% (charges U.S. 10%)
Cabo Verde: 10% (charges U.S. 10%)
Burundi: 10% (charges U.S. 10%)
Guadeloupe: 10% (charges U.S. 10%)
Bhutan: 10% (charges U.S. 10%)
Martinique: 10% (charges U.S. 10%)
Tonga: 10% (charges U.S. 10%)
Mauritania: 10% (charges U.S. 10%)
Dominica: 10% (charges U.S. 10%)
Micronesia: 10% (charges U.S. 10%)
Gambia: 10% (charges U.S. 10%)
French Guiana: 10% (charges U.S. 10%)
Christmas Island: 10% (charges U.S. 10%)
Andorra: 10% (charges U.S. 10%)
Central African Republic: 10% (charges U.S. 10%)
Solomon Islands: 10% (charges U.S. 10%)
Mayotte: 10% (charges U.S. 10%)
Anguilla: 10% (charges U.S. 10%)
Cocos (Keeling) Islands: 10% (charges U.S. 10%)
Eritrea: 10% (charges U.S. 10%)
Cook Islands: 10% (charges U.S. 10%)
South Sudan: 10% (charges U.S. 10%)
Comoros: 10% (charges U.S. 10%)
Kiribati: 10% (charges U.S. 10%)
São Tomé and Príncipe: 10% (charges U.S. 10%)
Norfolk Island: 29% (charges U.S. 58%)
Gibraltar: 10% (charges U.S. 10%)
Tuyalu: 10% (charges U.S. 10%)
British Indian Ocean Territory: 10% (charges U.S. 10%)
Tokelau: 10% (charges U.S. 10%)
Guinea-Bissau: 10% (charges U.S. 10%)
Svalbard and Jan Mayen: 10% (charges U.S. 10%)
Heard and McDonald Islands: 10% (charges U.S. 10%)
Réunion: 37% (charges U.S. 73%)
 
The countries with the large tariffs are only getting hit with 1/2 their amount for now.
They ought be equal,or double, half makes no sense. It's a tarrif war, war should be balls out, don't drag shit out. Git er done.
 
I hope that gives you some joy. The markets are sinking like an anvil in a pond - with a tractor tied to it.
Apple has lost 300 billion & a global recession is likely. Your assets, your house & pension will plummet in value. Is this what you really want?
It is just one drop in a bucket so far.
But you got admit this not only helps the USA but also the Vietnam consumer. Now they can buy American made or exported products for less.
Now what if every country agrees to drop or match tariffs with the US. Would this not make all products cheaper here and in their country.
In this scenario who stands to lose income? I think it would be the government, because they collect the tariff.

But Jmhai3 you say... They (government) will just increase taxes to cover the income lost... Well, that is the double edge sword we live under, but every 4 years we can elect to make a change.
 
I hope that gives you some joy. The markets are sinking like an anvil in a pond - with a tractor tied to it.
Apple has lost 300 billion & a global recession is likely. Your assets, your house & pension will plummet in value. Is this what you really want?
So if everything plummets equally I haven’t lost anything. I’m not losing while everyone is staying the same. Everything is over inflated in value. A correction is long overdue.
 
I would have matched % to %. If they charge us 40%, thats what we charge them.
Its like pulling off a bandaid. Gonna hurt for a minute but it will get better.
They will raise it to match. They said the 50% of total is temp.
 
0 fuks given about effects outside of the good ole USA . I'm ready to do some bargain basement buying if the opportunity arrises, regardless me and mine will continue eating tomorrow. Done living the lies we have been fed since the 70s.
 
Can't see your IRL reference fatjay as PrivacyBadger prohibits.

BTW you don't look fat.
 
Countries are calling, and making deals.

Vietnam — Following the announcement of a nearly 50 percent tariff on their imports, Vietnam has immediately entered negotiations with the White House.

President Trump reported a “very productive call” with Vietnam’s Communist Party General Secretary To Lam, during which Lam expressed a willingness to reduce tariffs to zero contingent on the signing of a free trade agreement.

India — India has initiated discussions with the U.S. to address the trade barriers.

Officials are reportedly exploring the possibility of reducing or eliminating tariffs on certain U.S. imports and increasing purchases of American goods.

Israel — Israel wants to negotiate terms and potentially secure exemptions or reductions and has already agreed to scrap all its tariffs on U.S. imports. (Despite “the Jews” controlling global banks and Netanyahu having Trump on a string
rolleyes.png
)


European Union (27 countries) — The EU has proposed lowering car tariffs and increasing purchases of U.S. energy and military equipment in an effort to negotiate exemptions and reductions.

Trump has long complained about the EU’s unwilligness to buy American cars.


Japan — Japan has signaled a willingness to negotiate by pledging increased imports of U.S. liquefied natural gas (LNG) and investments in artificial intelligence.

South Korea — South Korea is looking at possible trade concessions that would involve leveraging strategic sectors like semiconductors to reach a favorable agreement.

Thailand — Facing the prospect of billions in losses, the Thai government is planning to increase imports from the U.S. and reduce tariffs on American products to address the trade imbalance.
 
Trump has long complained about the EU’s unwilligness to buy American cars.
Many of the proposals you mention were made before the Tariff announcement. Without the tariffs, sales of American cars won't noticeably increase. Jeep is quite popular, but it is a tiny market share. Traditional US cars just dont fit well into European driving styles or our narrow streets & rural roads. No sense in exporting US made Civics or Corollas to the EU.
 
Seems like media hype, you have a serial debtor that now owes over $100 trillion (combined private & public debt), destined to go the way of the Soviets, Finally someone steps up & imposes cold turkey in a veiled attempt to save their country, & all the dealers who have no hope of ever being re-payed for all the free stuff complain. Who cares about wall st its grossly over valued by years of qe money printing.
& what does the us have to actually sell anyway? outdated weapons, planes that fall out of the air, classic cars, media propaganda, toxic big pharma, nothing of any real value. I'm looking forward to massive discounts as china dumps all its excess our way.
 
50 countries ready to talk?


This will be interesting. Maybe some countries will fold ? EU leaders know that they’re not dealing with a rational , calculating person & have to consider the fallout for our economies. They know that Trump, on the other hand, will burn it down to the studs regardless of the cost to American citizens. If this happens, expect widespread boycotts of anything American. Already, some Spanish politicians have called for the expropriation on real estate owned by US Vulture funds & there is widespread talk online about boycotting. Time will tell.
 

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