Trade Wars and Tariffs

[CobbVol]

So it isn’t clear where in that deflection answer how the tariff cost isn’t transferred to US companies and consumers?

Sure some amount will be, but tariffs have been in place with China since 2018.

 

[NorthDallas40]

Sure some amount will be, but tariffs have been in place with China since 2018.

Yes they have. Just not the 55% level currently being discussed which is a significant increase.

At this point nothing is apparently written down however if the verbalized bullet points make it into the final agreement this looks more like the UK deal where we were better off before.

 

[Thunder Good-Oil]

Where can we find and mine them domestically?

North Carolina for one.

 

[Thunder Good-Oil]

Irrelevant. Those 55% tariffs are paid by US companies and consumers.

It’s very relevant when the CCP is able to drive their US based competition out of business. The US consumers can pay extra now or forever otherwise. But US based competition makes China eat it or lose market share. There won’t be a 55% increase in the cost of goods.

 

[Vol8188]

cpi numbers out....where are the rate cuts Powell? ...but but but tarriffs....

So it’s increased, it’s still above the goal, but because someone projected it to be a smidge higher…you’re celebrating?

 

[dalton_vol]

Art of the deal, b!tches!

Lol, we'll be fine..... troll on dude

 

[Vol423]

Inflation was in fact very low pre Covid. Also currently Inflation is at a 4 year low. The media and Democrats had incorrectly predicted the opposite happening because of the tariffs but Inflation is going down and now they are anticipating further rate cuts as well.

They are NOT anticipating rates cuts in the U.S. in the near future.

 

[rekinhavoc]

U.S. and China Strike Deal in London to Revive Rare Earths Trade Truce

The United States and China have agreed to a new trade framework aimed at restoring a stalled truce and stabilizing key economic ties.

www.breitbart.com

"Tariffs: The U.S. will maintain a combined 55 percent tariff rate on Chinese goods—reflecting both Trump’s original trade measures and second-term increases. China’s tariff level will remain at 10 percent."

 

[SpaceCoastVol]

This is so flimsy. You cannot bank on this estimate. Even if they are good at estimating it, which they probably aren't....we don't even know if the tariffs will be in place in 2 months or 4 years, or what. How can they estimate something that changes daily and there is no clear direction?

We also don't know how the disruption tariffs are causing will affect other government revenues.

But you can say without equivocation that Trump's policies are bad no matter what.

Lunatic

 

[SpaceCoastVol]

Good thing he's distracting everybody with the militarization of LA

WTF?

Actually I agree. He should let the entire basin burn to the ground.

 

[SpaceCoastVol]

Or companies move manufacturing out of China.

*Winner*

 

[NorthDallas40]

It’s very relevant when the CCP is able to drive their US based competition out of business. The US consumers can pay extra now or forever otherwise. But US based competition makes China eat it or lose market share. There won’t be a 55% increase in the cost of goods.

It’s not relevant at all to the increased cost of goods due to tariffs. And no the costs won’t go up 55% but they will go up. And those are going to be paid by US consumers and companies. Thus far Trump’s tariff hammer has been broadly ineffective. And no China isn’t going to just eat the 55% tariff either that’s a laughable expectation. Xi knows it and this why they’re ok with this deal. Their markets are largely unaffected and the costs to US consumers go up while they maintain their margins. If anything it’s going to make the US even less competitive

 

[TheDirector]

They are NOT anticipating rates cuts in the U.S. in the near future.

Fed seen on track to start cutting rates by September

 

[evillawyer]

Lol, we'll be fine..... troll on dude

Not what you goobers said when eggs went up $.15 each. The sky was falling then.

 

[Thunder Good-Oil]

It’s not relevant at all to the increased cost of goods due to tariffs. And no the costs won’t go up 55% but they will go up. And those are going to be paid by US consumers and companies. Thus far Trump’s tariff hammer has been broadly ineffective. And no China isn’t going to just eat the 55% tariff either that’s a laughable expectation. Xi knows it and this why they’re ok with this deal. Their markets are largely unaffected and the costs to US consumers go up while they maintain their margins. If anything it’s going to make the US even less competitive

If the cost of domestic production doesn’t go up, then the US consumers won’t be paying the 55% tariffs.

Corporate income taxes most certainly get passed on to consumers since they are paid by all businesses.

 

[Vol423]

Fed seen on track to start cutting rates by September

Yeah. Possibly September. That used to be June. The Fed is hoping that inflation picks up so they'll further delay rate cuts.

 

[NorthDallas40]

If the cost of domestic production doesn’t go up, then the US consumers won’t be paying the 55% tariffs.

Corporate income taxes most certainly get passed on to consumers since they are paid by all businesses.

You presume broad competition in the US market which is already gone and not cooling back. The textile and toy industries are gone as two examples and not returning. So yes the cost to consumers are broadly going up as there is zero domestic competition in many market spaces.

 

[Thunder Good-Oil]

You presume broad competition in the US market which is already gone and not cooling back. The textile and toy industries are gone as two examples and not returning. So yes the cost to consumers are broadly going up as there is zero domestic competition in many market spaces.

No doubt there are provisions to exclude some products.

The percentage Chinese textile imports have been declining. SE Asia and west Asia will keep on competing.

I’m not at all worried about where consumer discretionary items like toys come from. Give the kids a yo-yo if the Barbie Dream House isn’t affordable.

 

[jmacvols1]

So it’s increased, it’s still above the goal, but because someone projected it to be a smidge higher…you’re celebrating?

so you had rather go back to Biden's 9% inflation?

.01% increase is less than expected and is good......tarriffs have had no major effect on inflation as fearmongers hoped and all you want to do is complain.

 

[NorthDallas40]

No doubt there are provisions to exclude some products.

The percentage Chinese textile imports have been declining. SE Asia and west Asia will keep on competing.

I’m not at all worried about where consumer discretionary items like toys come from. Give the kids a yo-yo if the Barbie Dream House isn’t affordable.

Oh I mean after all one Barbie instead of 40 will have to do amirite?

 

[Vol8188]

so you had rather go back to Biden's 9% inflation?

.01% increase is less than expected and is good......tarriffs have had no major effect on inflation as fearmongers hoped and all you want to do is complain.

Trump’s action were a major driver in that inflation. You’re lying to yourself if you believe otherwise.

Also Trump has specifically chosen actions that are going to continue to increase inflation. Biden didn’t force Trump to implement tariffs that are 100% going to increase tariffs more than 0.01%.

Then the final point is just that it’s dumb AF to brag about “lower than expected”. The “expectation” is based on his policies. If they expected 10% inflation and it came in at 9.9% would you brag about how great he’s doing? That’s retarded

The most important part you’re completely ignoring. Which is that inflation increased from 2.3% last month to 2.4% this month. Which is 0.1% not 0.01%

 

[volfanhill]

They are NOT anticipating rates cuts in the U.S. in the near future.

Inflation still above 2.0 and tariffs still being worked out. Why would they cut?

 

[NorthDallas40]

Inflation still above 2.0 and tariffs still being worked out. Why would they cut?

The simple fact is if Trump really wanted Powell to cut rates he’d keep his Big Mac tariff hole shut.

 

[General Jack]

that won’t happen immediately or if at all. Instead I’d guess there will be rampant reexport.

Or buy at few million of $trump crypto and get a pass.

 

[General Jack]

LOL

View attachment 748106

Yet trump will claim victory and MAGA will take a victory lap while continuing the wealth transfer to the 0.1%.