Trade Wars and Tariffs

#5,327
#5,327
CobbVol said:
The tariff effort by this administration is more than just a % for each country.
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Somewhere around a 10% baseline is reasonable. It can be jacked up when trading partners eff around. US citizens pay close to 10% in sales taxes. Foreign companies selling here can afford 10%.

The economists parroting 50-75 year old theory that tariffs are bad is lazy.
 
#5,328
#5,328
Thunder Good-Oil said:
Somewhere around a 10% baseline is reasonable. It can be jacked up when trading partners eff around. US citizens pay close to 10% in sales taxes. Foreign companies selling here can afford 10%.

The economists parroting 50-75 year old theory that tariffs are bad is lazy.
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lol. can americans afford to pay 10% more? 5% more? 2% more? some of that tariff cost is going to be passed on to the US citizen buying the product.
 
#5,330
#5,330
LouderVol said:
lol. can americans afford to pay 10% more? 5% more? 2% more? some of that tariff cost is going to be passed on to the US citizen buying the product.
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The interest on the national debt is being passed on to the US citizens as well.

American manufacturing employers are going to be better positioned to pay more salaries. Which generates tax revenue. Manufacturing employment outside of the US generates zero individual income taxes.
 
#5,331
#5,331
Thunder Good-Oil said:
The interest on the national debt is being passed on to the US citizens as well.

American manufacturing employers are going to be better positioned to pay more salaries. Which generates tax revenue. Manufacturing employment outside of the US generates zero individual income taxes.
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10% more salary dollars in the economy? because that is at least what they are going to need to offset this cost. and that only helps the people who get the new jobs, the rest of us are still stuck paying 10% more.

and all of that only helps the government generate more revenue, not the individual citizen who pays 10% more.

and Trump has shown very little emphasis only actually paying down the debt. it has been one of his most consistent lies throughout both tenures. we are just going to spend more on goods, and still have the debt interest continue to climb.
 
#5,334
#5,334
So I’m really interested in seeing how Vietnam is going to pay the 20% and 40% tariffs as that’s clearly ******** since tariffs are paid by the importer. If Vietnam pays them then they aren’t tariffs or they are the importer of record. Which means they’re going to be passed on to the consumer eventually. As always.

One interesting point is the specific transshipping tariffs. So this does seem to address reexports of products likely originating in China. Which is a good tactic I’d guess if we really want to impact Chinese exports.
 
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#5,335
#5,335
It’s not that difficult to understand. A $120 billion trade deficit with just one country. They need to buy more of our ****.

The Office of the United States Trade Representative said "U.S. goods trade with Vietnam totaled an estimated $149.6 billion in 2024" and "U.S. goods exports to Vietnam in 2024 were $13.1 billion, up 32.9 percent ($3.2 billion) from 2023."
 
#5,336
#5,336
Thunder Good-Oil said:
It’s not that difficult to understand. A $120 billion trade deficit with just one country. They need to buy more of our ****.

The Office of the United States Trade Representative said "U.S. goods trade with Vietnam totaled an estimated $149.6 billion in 2024" and "U.S. goods exports to Vietnam in 2024 were $13.1 billion, up 32.9 percent ($3.2 billion) from 2023."
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Lol. What if we don’t have any products they want? And how do you expect a tiny economy like Vietnam to normalize a trade imbalance against the massive purchasing power of the US economy?

Honestly it looks to be harder to understand for you based on your hot take 😂
 
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#5,337
#5,337
NorthDallas40 said:
Lol. What if we don’t have any products they want? And how do you expect a tiny economy like Vietnam to normalize a trade imbalance against the massive purchasing power of the US economy?

Honestly it looks to be harder to understand for you based on your hot take 😂
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Much of that $120B deficit has been China dodging the rules in their trade deals.

Vietnam has a favorable 10 to 1 imbalance. Perhaps they can use some of their surplus to buy more from the US.

Putting on a 20% tariff is a great way to manage it.

Cracking down on IP theft/technology transfer is part of it as well.
 
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#5,339
#5,339
Thunder Good-Oil said:
Much of that $120B deficit has been China dodging the rules in their trade deals.

Vietnam has a favorable 10 to 1 imbalance. Perhaps they can use some of their surplus to buy more from the US.

Putting on a 20% tariff is a great way to manage it.

Cracking down on IP theft/technology transfer is part of it as well.
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Just more rationalization on why US consumers should pay more for products coming from Vietnam. Vietnam isn’t and never was an issue on trade. As I said the transshipping seems to have some merit to me. But increasing the cost of Vietnamese produced goods across the board to US consumers is just stupid.
 
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#5,340
#5,340
NorthDallas40 said:
Just more rationalization on why US consumers should pay more for products coming from Vietnam. Vietnam isn’t and never was an issue on trade. As I said the transshipping seems to have some merit to me. But increasing the cost of Vietnamese produced goods to US consumers is just stupid.
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Is a 10-1, $125B trade deficit rational?
 
#5,345
#5,345
NorthDallas40 said:
Lol. It appears you don’t understood who pays tariffs either
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When there’s a 1-10 imbalance, who pays what when factories are being closed here? Not just dollars, but there’s also the problem of being dependent on them for industrial equipment.

With factory workers in Vietnam making $20/day, the central planners have a lot of wiggle room to cover the $30B. So does Nike. And Samsung. And China.

It’s not going to break US consumers to pay a few more dollars for their disposable big screen TVs either. Also, it’s a discretionary purchase. Even if they pay the entirety of the tariffs as you’re suggesting, they can go without those TVs if it’s a choice between eating or having bigger screens in the man caves.
 
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#5,346
#5,346
Thunder Good-Oil said:
When there’s a 1-10 imbalance, who pays what when factories are being closed here? Not just dollars, but there’s also the problem of being dependent on them for industrial equipment.

With factory workers in Vietnam making $20/day, the central planners have a lot of wiggle room to cover the $30B. So does Nike. And Samsung. And China.

It’s not going to break US consumers to pay a few more dollars for their disposable big screen TVs either. Also, it’s a discretionary purchase. Even if they pay the entirety of the tariffs as you’re suggesting, they can go without those TVs if it’s a choice between eating or having bigger screens in the man caves.
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Nothing in your post illustrates that you in fact understand who pays tariffs. It’s all just an emotional plea to try and validate support for Trump’s tariff stupidity. Like I’ve said go after China and move industry out of there. Where would a lot of that likely wind up? Vietnam.
 
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#5,348
#5,348
Thunder Good-Oil said:
So what? They're small. No need to be that charitable to a communist country.

They don’t seem to be upset at agreeing to the new deal. I guess their government can afford it.
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its not an issue of charitable. its business sense.

when you are broke you are not going out and buying Gucci. you are buying basic goods. you are going to pay the least amount possible, that pretty much negates most trade with the US.

there is very little that we produce, at a cost they can afford, that they actually want/need.
 
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#5,349
#5,349
LouderVol said:
its not an issue of charitable. its business sense.

when you are broke you are not going out and buying Gucci. you are buying basic goods. you are going to pay the least amount possible, that pretty much negates most trade with the US.

there is very little that we produce, at a cost they can afford, that they actually want/need.
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They’re much wealthier than you realize and their economy is quickly growing. Their millionaires can afford a lot of what we produce.

1-10 trade imbalance. They can buy much more from us. Their middle class can buy Fords. Their politburo can buy Teslas.
 
#5,350
#5,350
NorthDallas40 said:
Nothing in your post illustrates that you in fact understand who pays tariffs. It’s all just an emotional plea to try and validate support for Trump’s tariff stupidity. Like I’ve said go after China and move industry out of there. Where would a lot of that likely wind up? Vietnam.
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You’re just simply applying the argument that domestic corporate taxes are paid for by consumers. It’s lazy. Even if it were accurate, the tariffs that you claim are 100% paid for by US consumers are revenue to the US government. Net zero. Whereas the $120B trade deficit is sucking wealth right out of the US.
 
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