The Trump Tariffs thread

[Jaskalas]

This make me think... what if US starts to lose the crown of the comsumption thanks to Trump's antics, diminishing the biggest consumer market tag they have?

Whether we remain #1 or not, the fact is we are already rapidly diminishing in economy under Trump.
The United States is too hostile and too unstable to be a reliable trade partner. The damage is done, but like a Tsunami - it will take time before it comes onshore.

Amid Trump's tariff tirade, India pauses $3.6 bn Boeing jet deal​

 

[nakedfrog]

I wonder why Trump doesn't just do it the right way, go to Congress, get a bill passed and sign it into law. Just as the framers intended. He has majorities in both houses, use them. Quit relying on unconstitutional unilateral executive orders that use fake "emergencies."

Unless he knows he won't get the votes

All I know is if Biden claimed prescription drug prices were down “1500%” MAGA would scream for an investigation into his mental acuity

He was put there to try and get the unitary executive government off the ground.

 

[ivwshane]

I wonder why Trump doesn't just do it the right way, go to Congress, get a bill passed and sign it into law. Just as the framers intended. He has majorities in both houses, use them. Quit relying on unconstitutional unilateral executive orders that use fake "emergencies."

Unless he knows he won't get the votes

All I know is if Biden claimed prescription drug prices were down “1500%” MAGA would scream for an investigation into his mental acuity

If he did that how would he get individual companies and the countries they reside in to bribe him?

 

[DZero]

Whether we remain #1 or not, the fact is we are already rapidly diminishing in economy under Trump.
The United States is too hostile and too unstable to be a reliable trade partner. The damage is done, but like a Tsunami - it will take time before it comes onshore.

Amid Trump's tariff tirade, India pauses $3.6 bn Boeing jet deal​

Ok, this is pretty bad. Makes me think if Trump's antics ends damaging Mid East too, which has deals with some countries.

 

[iRONic]

He was put there to try and get the unitary executive government off the ground.

This 💯!

PAC money + Citizens United + corrupt SCROTUS =Criminal in Chief

 

[Roger Wilco]

It seems like the markets are convinced the courts and/or taco will prevail?

 

[Brainonska511]

It seems like the markets are convinced the courts and/or taco will prevail?

Then they're pretty stupid. The top court is showing that it is perfectly happy to be completely partisan and subservient to Trump and Co.

 

[Indus]

Apparently NVIDIA is very happy to turn a blind eye to exports to China. Doesn't look too good for them ethically but very good monetarily.

Jensen's probably going to have bribe the Trump administration some more to keep on doing this..

 

[DZero]

Jonas Nahm (@jonasnahm.com)

1/ Trump's recent trade agreements with allies are revealing significant interpretation gaps. From Japan to South Korea to the EU, these deals lack formal documentation, creating ongoing disputes over fundamental terms.

bsky.app

Look at that - all the "deals" are just vibes. Turns out trying to do intercountry negotiations without any paper trail or signed agreements means you don't have any agreements.

And with the dangers of Trump just eliminating this one day...

Meanwhile...
We talked about this new?

Trump order ends global tariff exemption for low-cost goods

The de minimis exemption had allowed goods valued at $800 or less to enter the US without paying any tariffs.

www.bbc.com

Heck, Trump just want to screw all the consumers by any cost, I don't be surprised if when Trump sees that the 2nd hand commerce starts to get great numbers, puts an end to the 2nd hand commerce.

 

[Brainonska511]

Heck, Trump just want to screw all the consumers by any cost, I don't be surprised if when Trump sees that the 2nd hand commerce starts to get great numbers, puts an end to the 2nd hand commerce.

I think he doesn't understand anything that he's doing. He just thinks everything in economics is zero-sum, and if you're not winning, you're losing. It's extremely simplistic and wrong.

 

[VashHT]

I think he doesn't understand anything that he's doing. He just thinks everything in economics is zero-sum, and if you're not winning, you're losing. It's extremely simplistic and wrong.

Pretty much, though I'd word it as if he's not screwing someone over he thinks he's getting screwed over.

 

[DZero]

Pretty much, though I'd word it as if he's not screwing someone over he thinks he's getting screwed over.

That's insane and would start to make the US commerce stop to be the most important by making losing their people the capability of consume goods.

 

[Jaskalas]

Drudge's Tariff roll for the day...

• Republican Congressman: 'Prices Are Up' -- but It's 'For Good of Country'...
• Inflation to Rise as Higher Tariffs Feed Through...
• Restaurants under threat as costs skyrocket and consumers cut back...

Last year Republicans campaigned on blaming Joe Biden for the pandemic's inflation. Now Republicans are directly raising prices via their own tax policy.
Largest tax hike in American history and they cheer for it. Where is Grover Glenn Norquist now, eh? Fucking coward.
Pepperidge farm remembers...

 

[DZero]

Drudge's Tariff roll for the day...

• Republican Congressman: 'Prices Are Up' -- but It's 'For Good of Country'...
• Inflation to Rise as Higher Tariffs Feed Through...
• Restaurants under threat as costs skyrocket and consumers cut back...

Last year Republicans campaigned on blaming Joe Biden for the pandemic's inflation. Now Republicans are directly raising prices via their own tax policy.
Largest tax hike in American history and they cheer for it. Where is Grover Glenn Norquist now, eh? Fucking coward.
Pepperidge farm remembers...

So at the end, Republicans wants to be more rich by directly stealing the people with own taxes? That's expected for them. They are anti capitalistic at the end.
Capitalism isn't supposed to sell more and less taxes?

 

[Heartbreaker]

AMD and NVidia must now pay 15% tariff in China, to the USA:

Nvidia and AMD to pay 15% of China chip sales to US government

The chip giants will hand revenues to the US government in exchange for licences to export to China.

www.bbc.com

 

[K1052]

AMD and NVidia must now pay 15% tariff in China, to the USA:

Nvidia and AMD to pay 15% of China chip sales to US government

The chip giants will hand revenues to the US government in exchange for licences to export to China.

www.bbc.com

It is exciting how the entire US economy is basically becoming that restaurant bust out in Goodfellas for Trump's benefit. Any Republican who screeches about Dems picking "winners and losers" in capitalism ever again should be promptly shot into the fucking sun.

 

[K1052]

Prolly 90% of these guys voted for Trump and donated to the campaign.

Get wrekt assholes.

 

[lxskllr]

An update on my tariff situation. I'm sure no one cares, but it's a decent real life view of foreign companies trying to navigate this clusterfuck. Honestly, I'm not sure being correct as a matter of law even matters. Law is now irrelevant, and it becomes a matter of what your customs drone's interpretation is, unless you feel like battling it out for a couple hundred $. I'm disinclined to even fuck with it, but we'll see when cool weather gets here. That's three whole months away, and I might be Russian by that point :^S

 

[DZero]

An update on my tariff situation. I'm sure no one cares, but it's a decent real life view of foreign companies trying to navigate this clusterfuck. Honestly, I'm not sure being correct as a matter of law even matters. Law is now irrelevant, and it becomes a matter of what your customs drone's interpretation is, unless you feel like battling it out for a couple hundred $. I'm disinclined to even fuck with it, but we'll see when cool weather gets here. That's three whole months away, and I might be Russian by that point :^S

View attachment 128606

Literally is similar to Peru which needs to pay 25% but when the product passes the USD 200 cost.

 

[cytg111]

Single biggest tax hike on the 98% since forever.

This is going to tank the global economy seeing the US is 65% of global stock value and 25% GDP... that is the domino that will smash the rest in one crash when it comes down. Self inflicted gun shot the the temple..

I am torn what to do with stocks... go all gold or cash for the foreseeable future?

 

[Indus]

Single biggest tax hike on the 98% since forever.

This is going to tank the global economy seeing the US is 65% of global stock value and 25% GDP... that is the domino that will smash the rest in one crash when it comes down. Self inflicted gun shot the the temple..

I am torn what to do with stocks... go all gold or cash for the foreseeable future?

Same..

 

[DZero]

Single biggest tax hike on the 98% since forever.

This is going to tank the global economy seeing the US is 65% of global stock value and 25% GDP... that is the domino that will smash the rest in one crash when it comes down. Self inflicted gun shot the the temple..

I am torn what to do with stocks... go all gold or cash for the foreseeable future?

Wait, wait, wait, what happened? another tax than this one?

An update on my tariff situation. I'm sure no one cares, but it's a decent real life view of foreign companies trying to navigate this clusterfuck. Honestly, I'm not sure being correct as a matter of law even matters. Law is now irrelevant, and it becomes a matter of what your customs drone's interpretation is, unless you feel like battling it out for a couple hundred $. I'm disinclined to even fuck with it, but we'll see when cool weather gets here. That's three whole months away, and I might be Russian by that point :^S

View attachment 128606

 

[WelshBloke]

AMD and NVidia must now pay 15% tariff in China, to the USA:

Nvidia and AMD to pay 15% of China chip sales to US government

The chip giants will hand revenues to the US government in exchange for licences to export to China.

www.bbc.com

Wait. So there's an import and an export tax on chips now?!
Also wasn't the moratorium on high end chips to China nominally to do with national security? Does the national security threat disappear if someone funnels enough money to Trump?

 

[nakedfrog]

Wait. So there's an import and an export tax on chips now?!
Also wasn't the moratorium on high end chips to China nominally to do with national security? Does the national security threat disappear if someone funnels enough money to Trump?

Trump is the national security threat.

 

[uallas5]

Wait. So there's an import and an export tax on chips now?!
Also wasn't the moratorium on high end chips to China nominally to do with national security? Does the national security threat disappear if someone funnels enough money to Trump?

Trump gave them access to those chips as part of his trade "deal". In return, China gave the US access to the rare earth elements that we already had access to before he started his trade war cluster fuck.