Trade Wars and Tariffs

[jmacvols1]

“Japan will pay 15% reciprocal tariffs”…

Non-ag tariffs are currently 2.5%, ag is 15% on US products going into Japan. 4.3% on average overall. So now all US products into Japan are going to 15%?

#winning

Japan - Import Tariffs

Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market.

www.trade.gov

and another deal with Japan

 

[NorthDallas40]

and another deal with Japan

Where are the signature tariffs that Japan is going to pay on this one?

 

[BeardedVol]

Amazing that he still doesn't know who pays tariffs.

 

[jmacvols1]

Where are the signature tariffs that Japan is going to pay on this one?

Could be a big boost to farmers in the US if rice, beans corn etc are in the deal but details have not been released. But I see that all the Economist and trade negotiators in DC should have consulted with an anonymous poster on VN before they did anything.

HTS Commodities@HTSCommodities

"US/Japan signs a trade agreement. 15% tariffs for Japanese imports. US rice is mentioned as a lead item. Select agricultural products are mentioned. Could be a positive for #corn and #soybeans export demand. Both of these commodities were mentioned earlier."

 

[jmacvols1]

Amazing that he still doesn't know who pays tariffs.

see post #5,596

Trump has a better understanding of economics and trade deals than VN posters.

 

[NorthDallas40]

Could be a big boost to farmers in the US if rice, beans corn etc are in the deal but details have not been released. But I see that all the Economist and trade negotiators in DC should have consulted with an anonymous poster on VN before they did anything.

HTS Commodities@HTSCommodities

"US/Japan signs a trade agreement. 15% tariffs for Japanese imports. US rice is mentioned as a lead item. Select agricultural products are mentioned. Could be a positive for #corn and #soybeans export demand. Both of these commodities were mentioned earlier."

Ah more foreplay on just how wonderful it’s going to be. Also they’ve been talking about this since like May?

https://www.nytimes.com/2025/04/24/business/alaska-lng-japan-south-korea.html

 

[NorthDallas40]

see post #5,596

Trump has a better understanding of economics and trade deals than VN posters.

Apparently not. Even the admin conceded.

https://www.axios.com/2025/05/19/trump-tariffs-who-pays

 

[jmacvols1]

Apparently not. Even the admin conceded.

https://www.axios.com/2025/05/19/trump-tariffs-who-pays

The actual numbers are not showing this. The left can keep saying consumers are paying for the tariffs but as of yet they are not.

 

[BeardedVol]

see post #5,596

Trump has a better understanding of economics and trade deals than VN posters.

He doesn't know that US importers pay tariffs, that is a (painfully) demonstrable fact.

But I would agree, there are many of you on here, that just blindly join in with his ignorance.

 

[NorthDallas40]

The actual numbers are not showing this. The left can keep saying consumers are paying for the tariffs but as of yet they are not.

The importers pay the tariffs. Full stop. No amount of water carrying you do will change that. And chinks are showing in the narrative armor.

Again you lap parrots ignore the pre tariff stocking up. We’re in month three now and that stock is burnt thru and the bill is coming due. Here is just the latest example today.

GM reports $1.1 billion tariff impact as automaker works to 'greatly reduce' exposure

General Motors reported second-quarter earnings that beat Wall Street’s estimates, despite ongoing uncertainty from President Donald Trump's auto tariffs.

www.cnbc.com

Earlier the largest retailer in the US issued price warnings also.

Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings

Walmart beat first-quarter earnings expectations but missed on revenue, and its CFO said price increases from President Donald Trump's tariffs could start soon.

www.cnbc.com

Save your back you’re going to be carrying a lot of tariff water.

 

[jmacvols1]

Ah more foreplay on just how wonderful it’s going to be. Also they’ve been talking about this since like May?

https://www.nytimes.com/2025/04/24/business/alaska-lng-japan-south-korea.html

crooked Joe put a pause on lpg exports and did not even know it....

 

[jmacvols1]

He doesn't know that US importers pay tariffs, that is a (painfully) demonstrable fact.

But I would agree, there are many of you on here, that just blindly join in with his ignorance.

let's see your expert credentials on economics of importing/exporting

 

[NorthDallas40]

crooked Joe put a pause on lpg exports and did not even know it....

Trump was 100% correct in his energy policy changes.

And he’s also a 100% moron on international trade.

Also , again, deflecting to Biden as some standard to beat is self defeating. It makes you look ignorant of what should be happening. But if the shoe fits I guess!

 

[jmacvols1]

The importers pay the tariffs. Full stop. No amount of water carrying you do will change that. And chinks are showing in the narrative armor.

Again you lap parrots ignore the pre tariff stocking up. We’re in month three now and that stock is burnt thru and the bill is coming due. Here is just the latest example today.

GM reports $1.1 billion tariff impact as automaker works to 'greatly reduce' exposure

General Motors reported second-quarter earnings that beat Wall Street’s estimates, despite ongoing uncertainty from President Donald Trump's auto tariffs.

www.cnbc.com

Earlier the largest retailer in the US issued price warnings also.

Walmart CFO says price hikes from tariffs could start later this month, as retailer beats on earnings

Walmart beat first-quarter earnings expectations but missed on revenue, and its CFO said price increases from President Donald Trump's tariffs could start soon.

www.cnbc.com

Save your back you’re going to be carrying a lot of tariff water.

look at the data...foreign exporters are cutting their prices...

 

[jmacvols1]

Trump was 100% correct in his energy policy changes.

And he’s also a 100% moron on international trade.

and you are an expert on trade?????????

Your TDS is terminal

 

[NorthDallas40]

look at the data...foreign exporters are cutting their prices...

Look at the links. US companies are paying the tariffs.

 

[NorthDallas40]

and you are an expert on trade?????????

Your TDS is terminal

I clearly know more than you do since I understand who actually pays a tariff

 

[EasternVol]

read it and weep

It will be interesting to see what the deal really entails.

 

[jmacvols1]

Look at the links. US companies are paying the tariffs.

"Director of the National Economic Council, Kevin Hassett has asserted that foreign companies are adjusting prices to maintain their market share in the U.S. in the face of tariffs. He has indicated that the administration believes foreign producers are shouldering the costs of the tariffs by cutting prices rather than passing them on to American consumers. Hassett cites a recent White House study that found import prices have been falling faster than overall goods prices"

 

[BeardedVol]

let's see your expert credentials on economics of importing/exporting

No one, not even you, needs anything beyond an 8th grade economics education to know who pays a tariff.

We're talking basic common knowledge here, not differential equations.

 

[jmacvols1]

I clearly know more than you do since I understand who actually pays a tariff

according to leftwing experts, inflation should be thru the roof right now due to the tarriffs.

 

[NorthDallas40]

"Director of the National Economic Council, Kevin Hassett has asserted that foreign companies are adjusting prices to maintain their market share in the U.S. in the face of tariffs. He has indicated that the administration believes foreign producers are shouldering the costs of the tariffs by cutting prices rather than passing them on to American consumers. Hassett cites a recent White House study that found import prices have been falling faster than overall goods prices"

Hassett is a bigger lap parrot than you are. I’ll take Walmart and GM quarterly data on tariffs they paid over him. Since … after all… the importer actually pays the tariff.

And I’m going to drop that statement on you every time you post some retarded claim to the contrary.

 

[jmacvols1]

No one, not even you, needs anything beyond an 8th grade economics education to know who pays a tariff.

We're talking basic common knowledge here, not differential equations.

as it it is right now, US consumers are paying very little....


"Director of the National Economic Council, Kevin Hassett has asserted that foreign companies are adjusting prices to maintain their market share in the U.S. in the face of tariffs. He has indicated that the administration believes foreign producers are shouldering the costs of the tariffs by cutting prices rather than passing them on to American consumers. Hassett cites a recent White House study that found import prices have been falling faster than overall goods prices"

 

[EasternVol]

and you are an expert on trade?????????

Your TDS is terminal

Stating facts isn't derangement. Ignoring or believing them false because they conflict with your idol's dogma is.

 

[NorthDallas40]

according to leftwing experts, inflation should be thru the roof right now due to the tarriffs.

According to Trump and his lap parrots like you the importer doesn’t pay tariffs