debut: 11/14/02
199,513 runs
- edited -
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Enjoy di tariffs cheerleaders
debut: 5/29/07
8,506 runs
Well, I am sure Trump himself did not know or understand to real details of his speech, his management style bankrupted his casinos now that style might bankrupt the World
debut: 1/29/03
6,384 runs
In reply to Chrissy
The guy placed tariffs on a country inhabited by penguins.
The best line I saw on twitter: “Now you economists know how we the epidemiologists felt when he told people to inject bleach!”
The guy placed tariffs on a country inhabited by penguins.
The best line I saw on twitter: “Now you economists know how we the epidemiologists felt when he told people to inject bleach!”
debut: 2/16/17
38,910 runs
............
Who is enjoying this????
Guyana 38% Tariff ...Rest of Caricom 10%
Who is enjoying this????
Guyana 38% Tariff ...Rest of Caricom 10%
debut: 2/9/04
23,578 runs
The so called current Tariff rates by each county was built on a bunch of false assumptions!!!! House of Lies strikes again!!!
debut: 5/4/03
19,463 runs
In reply to googley
Proof of this?
Am no economist. One thing I have commented on here is my own foray into business which included trading with China and also seeing the disadvantage as a seller oof competing with Chinese companies shipping directly here.
Initially there was real opportunities for growth as many bought from China and sold to the insatiable American consumer...
With the growth of the internet and businesses like Ebay and Amazon, then Alibaba and Aliexpress, and now Shein and Temu?
The landscape has changed. But the American policies have not.
Most are familiar with the small Grey packages that are delivered from China etc.
You know how much these Chinese companies pay to ship them here? Have you ever tried to return them to China?
Or tried to ship something of the same size to China?
There are huge inequities right now in these policies of trade from these Countries.
Is this the answer? Probably not. But something has been needed for a while.....
Proof of this?
Am no economist. One thing I have commented on here is my own foray into business which included trading with China and also seeing the disadvantage as a seller oof competing with Chinese companies shipping directly here.
Initially there was real opportunities for growth as many bought from China and sold to the insatiable American consumer...
With the growth of the internet and businesses like Ebay and Amazon, then Alibaba and Aliexpress, and now Shein and Temu?
The landscape has changed. But the American policies have not.
Most are familiar with the small Grey packages that are delivered from China etc.
You know how much these Chinese companies pay to ship them here? Have you ever tried to return them to China?
Or tried to ship something of the same size to China?
There are huge inequities right now in these policies of trade from these Countries.
Is this the answer? Probably not. But something has been needed for a while.....
debut: 11/27/06
54,016 runs
In reply to Ayenmol
tnat is a reasonable question.
do you know?
You know how much these Chinese companies pay to ship them here? Have you ever tried to return them to China?
tnat is a reasonable question.
do you know?
debut: 5/4/03
19,463 runs
In reply to sudden
Yes I do.....pennies! They can ship up to a certain size for pennies. While we pay dozens of dollars to ship the same back.
Been a while since I learned this. How else do you think these companies are able to ship a $3 ring here with no shipping charge to you?
Try returning that same ring to them.....it will cost you close to $15 0r more! And they actually make money on the shipping....the cost of the item is negligible!
One of my biggest cost from China was shipping....and it went up and up the more people who got into drop shipping etc.
Why, because shipping was such a big money maker, it was cheap for them, but they could make huge monies overcharging on larger shipments.
Yes I do.....pennies! They can ship up to a certain size for pennies. While we pay dozens of dollars to ship the same back.
Been a while since I learned this. How else do you think these companies are able to ship a $3 ring here with no shipping charge to you?
Try returning that same ring to them.....it will cost you close to $15 0r more! And they actually make money on the shipping....the cost of the item is negligible!
One of my biggest cost from China was shipping....and it went up and up the more people who got into drop shipping etc.
Why, because shipping was such a big money maker, it was cheap for them, but they could make huge monies overcharging on larger shipments.
debut: 3/16/21
12,215 runs
In reply to Ayenmol
How is that China's fault? Isn't Labor supply and demand (market forces) hence cost of labor a more determinative factor than either countries labor policy?
America has chosen capitalism and allows unions, that said "the market" doesn't have labor for pennies available
How is that China's fault? Isn't Labor supply and demand (market forces) hence cost of labor a more determinative factor than either countries labor policy?
America has chosen capitalism and allows unions, that said "the market" doesn't have labor for pennies available
debut: 2/9/04
23,578 runs
In reply to Ayenmol
here you go
here you go
Matching countries’ tariffs dollar for dollar is an incredibly difficult task, involving poring over each country’s tariff schedule and matching a complex array of products, each of which has a different charge for any variants.
Instead, the Trump administration used quite a simple calculation: the country’s trade deficit divided by its exports to the United States times 1/2. That’s it.
The Trump administration later confirmed that was the calculation it used.
“While these new tariff measures have been framed as ‘reciprocal’ tariffs, it turns out the policy is actually one of surplus targeting,” noted Mike O’Rourke, chief marketing strategist at Jones Trading, in a note to investors Wednesday.
“There does not appear to have been any tariffs used in the calculation of the rate. The Trump administration is specifically targeting nations with large trade surpluses with the United States relative to their exports to the United States,” he added.
Instead, the Trump administration used quite a simple calculation: the country’s trade deficit divided by its exports to the United States times 1/2. That’s it.
The Trump administration later confirmed that was the calculation it used.
“While these new tariff measures have been framed as ‘reciprocal’ tariffs, it turns out the policy is actually one of surplus targeting,” noted Mike O’Rourke, chief marketing strategist at Jones Trading, in a note to investors Wednesday.
“There does not appear to have been any tariffs used in the calculation of the rate. The Trump administration is specifically targeting nations with large trade surpluses with the United States relative to their exports to the United States,” he added.
debut: 5/4/03
19,463 runs
In reply to Brerzerk
If you truly believe that nonsense you just posted, then i do not know what to tell you.
You think if given the opportunity to have the labor benefits of the US vs their current condition, that laborers in China Vietnam etc would choose their current playing field?
Please! Companies made a ton of money exploiting these Nations inferior labor markets! They pocketed that money rather than share it with the workers or consumers!
Give me a break.
If you truly believe that nonsense you just posted, then i do not know what to tell you.
You think if given the opportunity to have the labor benefits of the US vs their current condition, that laborers in China Vietnam etc would choose their current playing field?
Please! Companies made a ton of money exploiting these Nations inferior labor markets! They pocketed that money rather than share it with the workers or consumers!
Give me a break.
debut: 3/2/03
18,231 runs
Personally, in principle I don’t think what Trump doing is wrong - you do me, I do you, and let the chip falls where it may!
Americans will have to pay the higher prices but the capitalist principles hold in this new Trump era!
Americans will have to pay the higher prices but the capitalist principles hold in this new Trump era!
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debut: 11/27/06
54,016 runs
In reply to XDFIX
you know, buddy, you post some good shoite
do you know one of the major causes of the great depression?
you know, buddy, you post some good shoite
do you know one of the major causes of the great depression?
debut: 5/29/07
8,506 runs
The contradictory thing about these tariffs is, big business controls what happens with American trade imbalance, they are the ones who go and open factories in overseas countries in order to exploit cheaper labour. That cheaper labour keeps down cost of living in the USA and big business make bigger profits because of the currency difference. So, it looks like Americans has created its own trade imbalance because few countries can afford to import American made products because they are usually high-tech products
debut: 5/4/03
19,463 runs
In reply to Brerzerk
That's the problem....you all want the US to be the Savior of the World....is the World, particularly the Chinese, who are the biggest trade deficit holder with the US, a capitalist system?
Are you people that dense and unable to argue fairly?
That's the problem....you all want the US to be the Savior of the World....is the World, particularly the Chinese, who are the biggest trade deficit holder with the US, a capitalist system?
Are you people that dense and unable to argue fairly?
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debut: 1/29/03
6,384 runs
In reply to sudden
Careful! He might tell you that it was caused by a meteor.
you know, buddy, you post some good shoite
do you know one of the major causes of the Great Depression?
do you know one of the major causes of the Great Depression?
Careful! He might tell you that it was caused by a meteor.
debut: 11/27/06
54,016 runs
In reply to Ayenmol
it is not the world that wants US to be a saviour. it is the US that has billed itself as such.
after the second european civil war or the so called world war 2 the US was the only country left standing. it was never invaded or bombed. europe and japan were wrecked, china still in a kind of feudal system and not much of a power ,and russia even tho it was a major part of the allied forces was also in a bad state.
coming out of ashes was an industralised US and it convinced the Europeans that it would help rebuild it but that they should have no really big standing army and the US would protect them.
the US become the greatest power in the world. it became an Empire. its goods were shipped all over the earth and many tried to copy its system of govt. its dollar became the world standard against which all currency will be compared and the currency in which goods would be traded.
from 1945 til now.
it is now a dying empire.
at the end of all dying empires the rich realise that the end is nigh and make a last ditch effort to grab what they can. simply put that is what we are experiencing now.
it is not the world that wants US to be a saviour. it is the US that has billed itself as such.
after the second european civil war or the so called world war 2 the US was the only country left standing. it was never invaded or bombed. europe and japan were wrecked, china still in a kind of feudal system and not much of a power ,and russia even tho it was a major part of the allied forces was also in a bad state.
coming out of ashes was an industralised US and it convinced the Europeans that it would help rebuild it but that they should have no really big standing army and the US would protect them.
the US become the greatest power in the world. it became an Empire. its goods were shipped all over the earth and many tried to copy its system of govt. its dollar became the world standard against which all currency will be compared and the currency in which goods would be traded.
from 1945 til now.
it is now a dying empire.
at the end of all dying empires the rich realise that the end is nigh and make a last ditch effort to grab what they can. simply put that is what we are experiencing now.
debut: 2/16/17
38,910 runs
..........Formula for Tariffs
The Trump administration used a simple formula: It took each country’s trade deficit with the US, divided it by the value of that country’s exports to the US – and then divided this figure by half, in a gesture of “kindness.”Let’s take this step-by-step, using official US data and the example of Vietnam, which President Donald Trump claimed imposed a 90% tariff on US goods and therefore would get a 46% “reciprocal” tariff of its own.
In 2024, Vietnam, a massive and growing global manufacturing hub, sold $136.6 billion worth of goods to the US.Because Americans want to buy things like Nike shoes a lot more than Vietnamese want to buy things like Ford cars, the US sold a lot less to Vietnam. Vietnam bought just $13.1 billion of goods from the US that same year.
Subtracting $13.1 billion from $136.6 billion gives Vietnam a trade surplus of $123.5 billion with the US. But one man’s trade surplus is another man’s trade deficit – which Trump has made clear he finds unpalatable, akin to being “ripped off.”
Dividing the $123.5 billion by $136.6 billion (the value of Vietnam’s exports to the US) gives 0.90 – or, in percentage terms, 90%. In a supposed act of “kindness,” Trump nearly halved this, meaning Vietnam will “only” now face a tariff of 46%.
The Trump administration used a simple formula: It took each country’s trade deficit with the US, divided it by the value of that country’s exports to the US – and then divided this figure by half, in a gesture of “kindness.”Let’s take this step-by-step, using official US data and the example of Vietnam, which President Donald Trump claimed imposed a 90% tariff on US goods and therefore would get a 46% “reciprocal” tariff of its own.
In 2024, Vietnam, a massive and growing global manufacturing hub, sold $136.6 billion worth of goods to the US.Because Americans want to buy things like Nike shoes a lot more than Vietnamese want to buy things like Ford cars, the US sold a lot less to Vietnam. Vietnam bought just $13.1 billion of goods from the US that same year.
Subtracting $13.1 billion from $136.6 billion gives Vietnam a trade surplus of $123.5 billion with the US. But one man’s trade surplus is another man’s trade deficit – which Trump has made clear he finds unpalatable, akin to being “ripped off.”
Dividing the $123.5 billion by $136.6 billion (the value of Vietnam’s exports to the US) gives 0.90 – or, in percentage terms, 90%. In a supposed act of “kindness,” Trump nearly halved this, meaning Vietnam will “only” now face a tariff of 46%.
debut: 3/16/21
12,215 runs
In reply to sudden
Ayen is not only contradicting himself but in the end actually unwittingly supporting points he earlier opposed. Irony is he's calling some of us "fool-fool" (dense)
Ayen is not only contradicting himself but in the end actually unwittingly supporting points he earlier opposed. Irony is he's calling some of us "fool-fool" (dense)
debut: 5/4/03
19,463 runs
In reply to sudden
So the US has billed itself as such and now the elected leader is changing that.....so?
The rest of your post is idealistic drivel....
Drivel. In today's World, one empire does not hold the monotony on wealth. Most American Billionaires are not so because of the American model and will continue to affect World trade no matter which Country is the EMPIRE as you put it.
Since American businesses began outsourcing their labor they have seen greater profits than ever.
Stop chatting nonsense, and claimng am the dunce!
Their are Chinese billionaires, Russian Billionaires African Billionaires, even Jamaican Billionaire.....Country of origin has little to do with it....
A ton of the richest companies are registered abroad. The US is the most consumerist nation of all on this planet!!!!
Maybe you understand what that means, for better or worse.
You think America became such by chance? You think China can replace that in one swoop? Why then are they so busy exporting to the US?
So the US has billed itself as such and now the elected leader is changing that.....so?
The rest of your post is idealistic drivel....
at the end of all dying empires the rich realise that the end is nigh and make a last ditch effort to grab what they can. simply put that is what we are experiencing now.
Drivel. In today's World, one empire does not hold the monotony on wealth. Most American Billionaires are not so because of the American model and will continue to affect World trade no matter which Country is the EMPIRE as you put it.
Since American businesses began outsourcing their labor they have seen greater profits than ever.
Stop chatting nonsense, and claimng am the dunce!
Their are Chinese billionaires, Russian Billionaires African Billionaires, even Jamaican Billionaire.....Country of origin has little to do with it....
A ton of the richest companies are registered abroad. The US is the most consumerist nation of all on this planet!!!!
Maybe you understand what that means, for better or worse.
You think America became such by chance? You think China can replace that in one swoop? Why then are they so busy exporting to the US?
- edited -
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