Trade Wars and Tariffs

[n_huffhines]

Never trust anything this admin tells you. It's impossible to keep up with the misinformation

 

[85SugarVol]

Many on here like to bring Thomas Sowell to the board (and for good reason).

Listen to what he (and Milton Friedman) have to say about tariffs and protectionism. These reindeer games will not end well.

 

[volfanhill]

Many on here like to bring Thomas Sowell to the board (and for good reason).

Listen to what he (and Milton Friedman) have to say about tariffs and protectionism. These reindeer games will not end well.

It's dumb. All of this. Dumb.

 

[MurphyVol]

It would be fascinating to see that everyone in the country would be reacting the exact opposite if Biden had enacted these same tariffs. Literally everything every Dem is saying now, R's would be saying and vice versa.

 

[lawgator1]

It would be fascinating to see that everyone in the country would be reacting the exact opposite if Biden had enacted these same tariffs. Literally everything every Dem is saying now, R's would be saying and vice versa.

Somewhat but you are forgetting the Trump chaos factor. My complaint is less about tarrifs, more abiut the kindergarten playground way in which they have been imposed.

 

[volfanhill]

Somewhat but you are forgetting the Trump chaos factor. My complaint is less about tarrifs, more abiut the kindergarten playground way in which they have been imposed.

It's as childish as believing your mail was slowed down. Seriously, do you ever self reflect?

 

[MontyPython]

The PM is FOS

Most goods imported to Sweden are also subject to a value-added-tax (VAT). The general VAT rate is 25 percent, with a lower rate of 12 percent for food and certain services and six percent for books and periodicals.

Importing goods from Sweden to the US may incur customs duties and taxes, depending on the value and type of goods, with a general duty rate of around 5.63% and a VAT rate of 25%.

 

[mrorange211]

I am fine with a little short term pain.

"short term pain"

 

[MontyPython]

There was tariffs in NAFTA. I remember shipping laptops years ago (long before Trump was President in 2016) from US to one of our Mexico plant and got a surprise tariff. I cited to NAFTA but it was apparently there.

NAFTA was a joke.

I've paid that before as well. But it's a 15% VAT... not a tariff.

How is NAFTA a joke? You're against free trade without tariffs?

 

[MontyPython]

We're in a really weird position. Does anybody who would move manufacturing here believe these tariffs are going to have staying power? Could be setting yourself up for big time failure as soon as Trump changes his mind, or the next guy can go back to normal rules in a few short years.

True. Moreover, why would we want low-paying manufacturing jobs here? If these manufactured items are ultimately destined to be sold here, we'd have to make them at the same cost or less... otherwise we as consumers, we'd simply pay more for these goods. How does that benefit us economically.

 

[MontyPython]

I don't buy name brand because I don't support most of their politics. Nike especially. I am unfortunately going to be retired in a few months, but I will probably still work until my wife reaches Medicare age in 2 years. You know that ObamaCare **** is pretty expensive. Nothing "affordable" about the ACA.

I am happy with the leadership. The pain will be temporary and I ma buying the opportunities. You can do what you leftists always do, sit on your sidewalk and cry while the rest of us go to work. I have everything I need.

Curious indeed. Jack Daniels is a brand name... you don't buy it because of their politics? I rarely think about / research a company's "politics" when buying their product. It's only when a firm overtly flaunts its political slant that I give pause. Tesla comes to mind.

 

[BowlBrother85]

In his boldest move yet, President Donald Trump imposed his Liberation Day tariffs against an island of penguins ....

Trump's tariffs hit remote Heard and McDonald Islands inhabited only by penguins, sea birds, and seals

Donald Trump's tariff list subjected the Heard and McDonald Islands and other remote Antarctic territories uninhabited by humans to a 10% fee.

www.businessinsider.com

US Treasury Secretary, Scott Bessent, has issued the penguins a stiff warning against taking any retaliatory measures ....

US Treasury Secretary Warns Against Tariff Retaliation

US Treasury Secretary Scott Bessent on Wednesday warned trading partners that any retaliation to the barrage of new tariffs from the White House would only result in further escalation.

www.barrons.com

When reached .... the penguins had no comment.

 

[MontyPython]

Per that liberal, left-wing bastion CNBC:

Absolutely nothing good’ coming out of Trump’s tariff announcement: Analysts react to latest U.S. levies​

 

[BowlBrother85]

Per CNBC:

Absolutely nothing good’ coming out of Trump’s tariff announcement: Analysts react to latest U.S. levies​

Those damn penguins had it coming.

 

[MurphyVol]

True. Moreover, why would we want low-paying manufacturing jobs here? If these manufactured items are ultimately destined to be sold here, we'd have to make them at the same cost or less... otherwise we as consumers, we'd simply pay more for these goods. How does that benefit us economically.

Can you imagine what you would have to pay an American to sew a pair of Levis together in today's world?

 

[norrislakevol]

Can you imagine what you would have to pay an American to sew a pair of Levis together in today's world?

Quite a penny if done by hand. Automated factories make all that much cheaper.

 

[mrorange211]

I really think this is going to be the Republican version of the Inflation Reduction Act.

 

[lawgator1]

Dow pre market is down over 1200....

 

[utvolpj]

4 years of planning (could even say 8), mandate from voters, full control of all 3 branches and this is what you come out of the gate with? Pretty much all momentum stopped in just a little over 2 months. Stunning

 

[LSU-SIU]

I really think this is going to be the Republican version of the Inflation Reduction Act.

It might end up being their Reset, I said a few months ago I increased the chance as "somewhat likely" with Elon being on board. Let me have 3 minutes with Elon and your ATM stops working.

Either way, what is the alternative?

The good choices are long gone.

 

[evillawyer]

Dow pre market is down over 1200....

MAGA!

 

[norrislakevol]

It might end up being their Reset, I said a few months ago I increased the chance as "somewhat likely" with Elon being on board. Let me have 3 minutes with Elon and your ATM stops working.

Either way, what is the alternative?

The good choices are long gone.

I'll agree with the bolded. The hole gets deeper and deeper if we do nothing. You gotta do something to dig your way out.

 

[Orangeslice13]

Correct. Democrats running in 2026 just received a several point bump in their poll numbers.

That’s a long way away and the mob is fickle.

 

[LSU-SIU]

MAGA!

Still looking for your plan.

 

[mrorange211]

I'll agree with the bolded. The hole gets deeper and deeper if we do nothing. You gotta do something to dig your way out.

I agree with the bolded too, but for different reasons. I'm not sure this is the way forward. Dems have yet to give a reasonable retort.

4 years of planning (could even say 8), mandate from voters, full control of all 3 branches and this is what you come out of the gate with? Pretty much all momentum stopped in just a little over 2 months. Stunning

This is more my point as well.