jazzeum
Four Star General
- Joined
- Apr 23, 2005
- Messages
- 38,572
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.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.
The carriers collect the tariff; they won't release the shipments until they get paid.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?
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.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.
The 11.00 I was referring to is what consumers will pay when they buy direct from Chinese companies.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.
Scary thought but it used to be a much more devious palace."When a clown moves into a palace, the clown doesn't become a king. The palace becomes a circus."
Turkish proverb
No humor Joe?Not cool
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.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.
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?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.
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.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?
Cheers Brad, I misinterpreted as having a note of seriousness about it, my bad. The limitations sometimes of message board comms. JoeNo humor Joe?