JackFlorey
100 kW
Eh, his supporters will just blame Biden.
The age of cheap Chinese stuff is ending in the USA
- Thread starter neptronix
- Start date
e-beach
10 MW
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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molybdenum
1 kW
Seems these tariffs are a tool to extort concessions on border, security etc, so they'll most likely be temporary.
docw009
1 MW
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.
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.
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).
To say nothing about Salt Typhoon.
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.
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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aroundqube
10 kW
- Joined
- Mar 12, 2012
- Messages
- 592
More saber rattlin , Trump threatens 100% tariff https://www.politico.com/news/2024/11/30/trump-brics-tariff-trade-00192042
Chalo
100 TW
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).
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.
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."
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."
