Tarrifs (1 Viewer)

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Warrior said:
Trump is delusional to think these countries are shaking in their boots over his tariffs; they are actually laughing their off over it, as you said new trade agreements are being worked out as we speak, excluding the US and we're making enemies all around the world with this nonsense.


Can't wait for the shortages on non US produced goods now or worse yet, massive price increases due to retaliatory tariffs.

He's digging a deeper and deeper hole, it's the US people who will suffer.
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I think it will come as a shock to many in the US just how many products, processes and services are connected to non USA delivery parts, systems, etc. Living in a capitalistic system there will be higher increases than the tariff costs [by some companies], plus lots will use it as an excuse to put up prices and i bet they do not come down as fast if/when the tariffs are reduced/stopped. Look at when the banks change the interest rates, far quicker to do it when they up than when they go down.

Who is going to collect these tariffs? Has he and Elon gutted the tax service?
 
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Barkmann said:
I think it will come as a shock to many in the US just how many products, processes and services are connected to non USA delivery parts, systems, etc. Living in a capitalistic system there will be higher increases than the tariff costs [by some companies], plus lots will use it as an excuse to put up prices and i bet they do not come down as fast if/when the tariffs are reduced/stopped. Look at when the banks change the interest rates, far quicker to do it when they up than when they go down.

Who is going to collect these tariffs? Has he and Elon gutted the tax service?
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The carriers collect the tariff; they won't release the shipments until they get paid.

With individual purchases/consumers, people will have to track shipments and see when they are held. USPS will notify the person that tariffs are due.

It's going to be a shock for people who buy goods direct from China when they get whacked with a 54% tariff, naturally the 800.00 threshold got eliminated, so all those smaller purchases will have to pay tariffs too...........imagine buying a 20.00 item and paying about 11.00 in tariffs.

The Chinese are going to feel this bigtime.
 
Warrior said:
The carriers collect the tariff; they won't release the shipments until they get paid.

With individual purchases/consumers, people will have to track shipments and see when they are held. USPS will notify the person that tariffs are due.

It's going to be a shock for people who buy goods direct from China when they get whacked with a 54% tariff, naturally the 800.00 threshold got eliminated, so all those smaller purchases will have to pay tariffs too...........imagine buying a 20.00 item and paying about 11.00 in tariffs.

The Chinese are going to feel this bigtime.
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I know this, but who checks [from the government] and does the custom controls, i think the US will feel it more, China still has the rest of the world so will dump cheaper stuff on us, plus the Chinese gov are not 'elected' so there will not be the political and social pressure there will be in the states. Especially when you realise the amount of stuff you consume.

Once those tariffs are collected from the US importer, who will pass on to the consumer, they will be classed as income by Trump and he will be able to give a nice tax cut to all his friends, those millionaires.

On the tariffs and your calculation, i am not sure if the tariff is on the final retail price or the trade price [price charge by the Chinese to the US importer]? If there is a 50% mark up then the tariff would be $5.5 not $11, still a big increase.
 
Yes but $5.5 if the items costs $10. What about if the items costs $100...$55 is a big increase...$1000....$550 and so on..this is really really bad. I agree that the US has been treated unfairly but....this is a very painful way for the US consumer to get to a resolution.
 
Barkmann said:
I know this, but who checks [from the government] and does the custom controls, i think the US will feel it more, China still has the rest of the world so will dump cheaper stuff on us, plus the Chinese gov are not 'elected' so there will not be the political and social pressure there will be in the states. Especially when you realise the amount of stuff you consume.

Once those tariffs are collected from the US importer, who will pass on to the consumer, they will be classed as income by Trump and he will be able to give a nice tax cut to all his friends, those millionaires.

On the tariffs and your calculation, i am not sure if the tariff is on the final retail price or the trade price [price charge by the Chinese to the US importer]? If there is a 50% mark up then the tariff would be $5.5 not $11, still a big increase.
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The 11.00 I was referring to is what consumers will pay when they buy direct from Chinese companies.

Not following you with "who checks and does customs controls".................checks what?

My shipments get to DHL, go into US customs, get inspected, come out and go back to DHL, I then get notified that it cleared customs and I now owe a tariff, no movement until they get paid. DHL collects the tariff and hands it over to the US government.

Oh and I'm now getting whacked with a 78.00 "processing fee" by DHL to do this; dorks.

Which is why I'm switching carriers to FED EX, DHL can go pound sand, piling pain on top of pain.

The US is the biggest trading partner with China, they can try to dump cheap stuff off on other countries all they want, but they are going to feel the pain when demand for certain goods falls off a cliff................TV's, phones, white goods and cars can be repaired, don't have to buy new this and new that at the drop of a hat, demand is going to fall through the floor, we'll see how China reacts to that.
 
China is bound to unload as much as it can wherever it is allowed to.
So I'm certain that UK and Europe are going to be China's preferred dumping grounds until they find too many businesses going out of business, but of course it's going to be hard to notice much difference with the way Labour are currently doing their best to destroy businesses in the UK.
 
The hit has already been taken on the tariffs. Complaining about them now is pointless. Trump has rolled the dice and taken the risk. Politically, he has no option except to see if it works. That means cutting deals that level the playing field. Opening up foreign markets to US goods and providing incentives for investment in the US. Some of those are longer term undertakings. Some can be done in the short term. Worst case would be to cave after taking the worst of the hit and getting nothing from it. The market will bottom out this week and eventually reverse course. Then the pressure shifts to those countries that have ripped us off for decades to make changes.
 
With such a huge debt that has to be serviced, options as to what the US could do are rather limited.
To do nothing may have meant a much worst position In the not too distant future.
Whether Pres Trump has taken the best course for the US remains to be seen.
As to the rest of the World, time will tell, and I think there's going to have to be a halt in the direction the UK and Europe have been following, whether war in Europe can be avoided is difficult to see with Bad Actors having undue influence on too many Western politians.
 
Combat said:
The hit has already been taken on the tariffs. Complaining about them now is pointless. Trump has rolled the dice and taken the risk. Politically, he has no option except to see if it works. That means cutting deals that level the playing field. Opening up foreign markets to US goods and providing incentives for investment in the US. Some of those are longer term undertakings. Some can be done in the short term. Worst case would be to cave after taking the worst of the hit and getting nothing from it. The market will bottom out this week and eventually reverse course. Then the pressure shifts to those countries that have ripped us off for decades to make changes.
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The damaqe has been done, might as well ride it out now and see how it plays out, he can't undo the massive damage he's done.

We'll see what sort of "deals" other countries are willing to make over this, specifically China, they're not fond of "deals", so we'll see.

Phase two will be when prices start to rise for everything, we'll see what sort of pressure there will be then.

There were protests all over the country yesterday over this, a huge one in Boston and in other cities.

So much for that feel good vibe when Trump won, he's managed to piss it all away in less than 100 days.

Quite a feat.
 
Warrior said:
The damaqe has been done, might as well ride it out now and see how it plays out, he can't undo the massive damage he's done.

We'll see what sort of "deals" other countries are willing to make over this, specifically China, they're not fond of "deals", so we'll see.

Phase two will be when prices start to rise for everything, we'll see what sort of pressure there will be then.

There were protests all over the country yesterday over this, a huge one in Boston and in other cities.

So much for that feel good vibe when Trump won, he's managed to piss it all away in less than 100 days.

Quite a feat.
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I can live with price increases. On most items, consumers have the discretion to cut back or buy made in America products. Obviously not in every case, but at least there is some control. I'm getting close to retirement, however, and the 401(k) is something that I can't fix. Hopefully the worst is over although I expect the market to drop further this week but rebounding in a week or so. With all that said, I do think there is a problem to be fixed with other countries ripping us off while we pay for their national defense. And the fix is not one they are going to accept easily since their entire economies are dependent on American charity. If tariffs are an insult in their opinion, why do they charge them on American products?
 
Combat said:
I can live with price increases. On most items, consumers have the discretion to cut back or buy made in America products. Obviously not in every case, but at least there is some control. I'm getting close to retirement, however, and the 401(k) is something that I can't fix. Hopefully the worst is over although I expect the market to drop further this week but rebounding in a week or so. With all that said, I do think there is a problem to be fixed with other countries ripping us off while we pay for their national defense. And the fix is not one they are going to accept easily since their entire economies are dependent on American charity. If tariffs are an insult in their opinion, why do they charge them on American products?
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They charge them on American products because they are protecting the manufacturers/growers in their countries; something THIS country should have done a long time ago, but it all comes down to one word; greed.

If we can make it cheaper and buy it cheaper, sign me up has been the US motto for far too long.

We are so dependent on Chinese imports that there are certain thing you cannot simply boycott, you're going to have to now pay out the for said items.

Until we build factories and hire workers/more like install robots to do the work and this will all be done in several years, not overnight.

He really should have thought this through, but consider the source, mr "Art of the deal" himself.
 
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Just a quick reminder for the hypocrites — here’s what Pelosi said about tariffs back in 1996!

 
Don't knock Nancy. She somehow has acquired a net worth of approximately $230 million despite working on a government salary her whole life. Nothing to see there. If only she had used that financial acumen toward the country's finances, we might not be $30 trillion or more in debt.
 
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