The age of cheap Chinese stuff is ending in the USA?

JackFlorey said:
Eh, his supporters will just blame Biden.
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yep. And for the lack of food from farm items produced in the USA. On the other hand, if someone can produce robots that work cheaper then the pickers that are here illegally, that farmers can afford to buy and maintain, maybe it will work out. I am not holding my breath though.
 
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Not temporary. These tariffs are needed to replace reduction in income tax rates on the very rich. In September, the USA imported $353 billion. Across the board 10% is $35 billion. For reference income tax revenue is $181B monthly,
 
I don't know if they're temporary. I do know that whether team red or team blue are ruling, we're going to see tarrifs continue to increase. The trade war started escalating in the 2010's.

China's govt has been increasingly antagonizing the west and it has escalated to military involvement, so economic separation is inevitable unless world leaders decide to get along instead of quarrel. China also put lots of tarrifs on goods it imports from the USA and lately is building a port in Peru to trade with them instead; their bet is that the trade war will get worse.

In the USA we get generally the same reasoning for tarrifs each time, i think the real reason is that the government needs tax revenue and it's an easy place to pick, and most people are too unaware of what it means to object.

I think Canada and Mexico recently got thrown into the mixture because China was positioning themselves to be use those countries as a back door. Either that or it's a convenient way to tax.

The United States has the same debt to GDP ratio as when America got involved in World War 2 due to decades of mismanagement. EU governments are in a similar position. I would bet on them finding creative ways to impose new taxes and reduce government services delivered in the future.

I would hope some western manufacturing would return as a result of what govt is attempting to incentivize. But i'm not holding my breath.
 
docw009 said:
. These tariffs are needed to replace reduction in income tax rates on the very rich.
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Because we all know they can't afford to pay their taxes, since they don't make enough money, unlike all the people that don't make much more than the lowest 5 digits (before taxes get taken out, reducing that even further).
 
99t4 said:
To say nothing about Salt Typhoon.
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OMFG. I'm the head of cybersecurity at a bunch of companies and i spend most of my time building layers against sophisticated state funded actors like that; the stuff i have to build to prevent my clients from becoming casualties of the cyberwar is insane.

I'm surprised nobody has been held accountable for the cyber-warfare and Uncle Sam just puts up with it.

Should be no shocker that both govts are looking to exit trading with each other.

I'm saying buy now while you can!
 
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As some famous person (probably) said, the truth is the first victim of a war. All kinds of accusations are thrown around but can anyone really tell? Even cybersecurity specialists blow up the baloon to get more business and bigger budgets.
And I'm not surprised at all that nobody has been held accountable - i'm pretty sure the goal is somewhere else and it doesn't require proving anything to achieve the desired effect.
For example, Kaspersky antivirus company, i don't think there was any indication of them engaging in cyber-espionage for Putin, but they were accused by various US officials (and EU too) and kicked out from many places. And this was imho it, blaming stopped as soon as it wasn't needed anymore.
 
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That is saber rattling.. we buy almost nothing from them in the USA.
Just worsens relations..
 
neptronix said:
That is saber rattling.. we buy almost nothing from them in the USA.
Just worsens relations..
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Indian Americans buy a lot of stuff that comes from India, and there are lots of them.

Tariffs are almost always reciprocated (which is a detail I think most recent discussions are leaving out), and the USA is a major exporter to BRICS countries. Farmers will not be happy if those buyers take their business elsewhere (though BRICS trade agreements are already having that effect to some degree).
 
Good points!
 
If USA buys 'almost nothing' from BRICS countries then these countries shouldn't give a damn about US tariffs. Even 300% tariff on nonexistent trade isn't very scary. So something is not entirely true here. Or its just pure rattling.
 
neptronix said:
That is saber rattling.. we buy almost nothing from them in the USA.
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What? US buys almost nothing from BRICS? What does the "C" in BRICS stand for?

Not naming names but they also said that the countries “can go find another ‘sucker!’"
 
Computer industry taking notice:
Microsoft, HP & Dell Request Suppliers To Ramp Up Production, Preparing For The "Trump-Era" Tariffs

"Now, in a new report by Nikkei Asia, it seems like large tech giants, notably Microsoft, HP, and Dell, are reportedly pursuing "stockpiling" components to prevent paying additional costs coming their way. The report states that Microsoft has urged its suppliers to speed up production, mainly for its cloud-based products, and along with this, the firm has requested suppliers to move out of nations that will receive the tariff imposition."
 
Chalo said:
It builds character
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That's the spirit! Now get back to work.

In fact, given the damage done by un- (needed | compensated for | healthy ecologically | thoughtful ) consumption, some character might be just the ticket to permit civilization to continue. A bit more calmly and less stupidly.
 
Chalo said:
Tariffs are almost always reciprocated (which is a detail I think most recent discussions are leaving out), and the USA is a major exporter to BRICS countries. Farmers will not be happy if those buyers take their business elsewhere (though BRICS trade agreements are already having that effect to some degree).
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It doesnt even need a tarrif threat to kick off a trade war…
Australia’s (previous) Priminister just suggested there should be an independent investigation of the root cause of Covid, ( rather than the official Chinese one of the “wet market) .…..and the Chinese immediatelly banned the import of Australian Wine, seafood, Wheat, and various other food and luxury goods.!
It has taken years of diplomacy for that trade hiccup to be smoothed out.
 
..while you're buying as much asian ebike goods as you can, i also recommend picking up a GPU..

NVIDIA & AMD Rush To Ship Out Next-Gen GPUs To Avoid Trump Tariffs; GeForce RTX 5090 Estimated To Cost $2,500+

"Well, it looks like businesses have adopted urgent measures to prevent their supply chains from being influenced by Trump's harsh tariff policy. Ctee now reports that GPU manufacturers like AMD and NVIDIA are already pursuing shipping their graphics cards to mainstream US markets before January 20 in an attempt to avoid the tariff, which could bump up prices massively. AIB partners are now said to have ramped up production of next-gen GPUs massively, which is an unusual trend, primarily since supply is confined at the start."
 
If the prices stay same as before then who is winning the trade war? Or at least who is the enemy?
 
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