US adding an additional 34% tariffs on China.
32% on ROC.
Vietnam 46%
Japan 24%
India 26%
South Korea 25%
Etc
Etc etc
32% on ROC.
Vietnam 46%
Japan 24%
India 26%
South Korea 25%
Etc
Etc etc
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- Thread starter bd popeye
- Start date
How do you know it's not an architectural design issue? Chill bud. Just wait for the investigation report.
Economics 101: trading makes everyone better off. Trump gets this wrong, especially with allies like Japan, Canada and south Korea.
Are the tariffs additive? He said earlier that there was a 25% tariff on all imported cars, so does that make imported European cars 20%+25% = 45%?
Trade War Round 1
Trump Theory: Raise tarrif with China and China will buy more us goods.
Actual: US still bought more Chinese goods and China bought less US goods.
Trade War Round 2
Trump: Raise tarriff on everyone until they move back manufacturing back to the USA!
Likely Actual: US consumers will just pay more. Disadvantage to move back to the US since they would not be price competitive exporting to the rest of the world. Since prices of necessary goods go up, people stops spending on the rest of the economy
Trump Theory: Raise tarrif with China and China will buy more us goods.
Actual: US still bought more Chinese goods and China bought less US goods.
Trade War Round 2
Trump: Raise tarriff on everyone until they move back manufacturing back to the USA!
Likely Actual: US consumers will just pay more. Disadvantage to move back to the US since they would not be price competitive exporting to the rest of the world. Since prices of necessary goods go up, people stops spending on the rest of the economy
Pretty sure all the tariff on China is already +100% from the last several years. Trump threatening China with more tariffs over buying oil the US doesn’t approve which will likely include Russia sooner or later. I wonder if the smooth brains can get tariffs to 1000% before the mid terms.
Trade war is foolish, economics 101. But what trump may think is he may try to have these importing countries reduce their profit margins. However, it's still foolish as there will be less goods available to talk USA consumers because if the importing countries suffer due to low profit margins, then they will simply stop selling to the USA. Inflation or Soviet union-like shortage of certain goods. One can't twist or spin this as economically prosperous. Feel free to challange my opinion
Expanded List.