The media would have you believe 100% of these tariffs are being levied on countries with no existing tariffs. That is false.
Thanks for the education. Can you please post a series of links to articles and videos from MSM saying that “100% of these tariffs” are doing exactly that?
The media would have you believe 100% of these tariffs are being levied on countries with no existing tariffs. That is false.
Thanks for the education. Can you please post a series of links to articles and videos from MSM saying that “100% of these tariffs” are doing exactly that?
So you think the MSM is providing unbiased coverage of the tariffs?
Hey Eddy can you tell us how these are reciprocal and how these figures were determined?
They are reciprocal in that they are being levied on countries that already have existing tariffs on US goods.
The media would have you believe 100% of these tariffs are being levied on countries with no existing tariffs. That is false.
Nope. Trump has tariffs on uninhabited islands now. His "reciprocal" tariffs were calculated solely on our trade deficit with the other country. If we sold them $1, and they sold us $1.50, he go $1.5/$1.00= 1.5 or 50% more than us, and then divide that by two for the number, which would be 25%.
Axios has a good example of why this is not a logical way to do things. Madagascar is a poor African country that can't afford to buy most American goods. How could they afford a Cybertruck? But they have a lot of vanilla beans to sell to us. We love vanilla. It makes sense to buy vanilla from Madagascar, there aren't that many suppliers. Trump slaps Madagascar with a 47% tariff on everything they export to us (not just vanilla). Now they'll sell their vanilla beans to other countries because Trump made vanilla way more expensive for US citizens to buy vanilla. Instead of putting real vanilla in our recipes, we'll get more artificial, chemical, fake vanilla in our foods. And that won't make Madagascar want to buy any more Cybertrucks from us.
Tariffs are the opposite of capitalism. They need to go away. If someone else has something at a good price that you want, get it from them. If not, get it yourself or somewhere else. No need for tariffs unless you get too reliant on someone else for something. You could argue we're there, sort of, but not for important things.
Agreed. Tariffs are opposite of capitalism.
trump’s tariffs are Reciprocal Tariffs. Reciprocal, as in if the other country didn’t impose tariffs on US goods then reciprocal tariffs would be zero. Trump isn’t imposing tarrifs. He’s just matching what we are being charged in order to create a level field. If the other countries dont want to pay tariffs then they should just zero out the tariffs they impose on US exports to them. Problem solved. What am i missing?
They are reciprocal in that they are being levied on countries that already have existing tariffs on US goods.
The media would have you believe 100% of these tariffs are being levied on countries with no existing tariffs. That is false.
Nope. Trump has tariffs on uninhabited islands now. His "reciprocal" tariffs were calculated solely on our trade deficit with the other country. If we sold them $1, and they sold us $1.50, he go $1.5/$1.00= 1.5 or 50% more than us, and then divide that by two for the number, which would be 25%.
Axios has a good example of why this is not a logical way to do things. Madagascar is a poor African country that can't afford to buy most American goods. How could they afford a Cybertruck? But they have a lot of vanilla beans to sell to us. We love vanilla. It makes sense to buy vanilla from Madagascar, there aren't that many suppliers. Trump slaps Madagascar with a 47% tariff on everything they export to us (not just vanilla). Now they'll sell their vanilla beans to other countries because Trump made vanilla way more expensive for US citizens to buy vanilla. Instead of putting real vanilla in our recipes, we'll get more artificial, chemical, fake vanilla in our foods. And that won't make Madagascar want to buy any more Cybertrucks from us.
Weird that we have a trade deficit with uninhabited islands.
The US exports goods to Madagascar. Madagascar tariffs those goods.
If the article you're reading is telling you Madagascar isn't importing cyber trucks you are reading a political article not an economic article.
Every country on Earth is "poor" relative to the US.
Should we let every country take advantage of us?
We're $36 trillion in debt. Our middle class has been gutted and our industrial base has been exported to benefit the rich at the expense of our own poor and middle class.
The status quo is killing the country. Something needs to change.
They are reciprocal in that they are being levied on countries that already have existing tariffs on US goods.
The media would have you believe 100% of these tariffs are being levied on countries with no existing tariffs. That is false.
Nope. Trump has tariffs on uninhabited islands now. His "reciprocal" tariffs were calculated solely on our trade deficit with the other country. If we sold them $1, and they sold us $1.50, he go $1.5/$1.00= 1.5 or 50% more than us, and then divide that by two for the number, which would be 25%.
Axios has a good example of why this is not a logical way to do things. Madagascar is a poor African country that can't afford to buy most American goods. How could they afford a Cybertruck? But they have a lot of vanilla beans to sell to us. We love vanilla. It makes sense to buy vanilla from Madagascar, there aren't that many suppliers. Trump slaps Madagascar with a 47% tariff on everything they export to us (not just vanilla). Now they'll sell their vanilla beans to other countries because Trump made vanilla way more expensive for US citizens to buy vanilla. Instead of putting real vanilla in our recipes, we'll get more artificial, chemical, fake vanilla in our foods. And that won't make Madagascar want to buy any more Cybertrucks from us.
Madagascar has also recently signed a rare earth's deal with the U.S. in the hope it would avoid a large tariff. They don't buy much because it's a very poor country, not because they're "taking advantage of America".
They've tried to be friendly with the U.S. and placatate the mad tyrant in the White House, but still get slapped with 47% charge on all goods.
How do you put 31% 'reciprocal' tariffs on Switzerland when they average 1.7% import tariffs in general and none on industrial goods? These tariffs are entirely based on trade deficit, which is essentially a punishment for not having the buying power that Americans do.
This post was edited 47 seconds after it was posted.
Nope. Trump has tariffs on uninhabited islands now. His "reciprocal" tariffs were calculated solely on our trade deficit with the other country. If we sold them $1, and they sold us $1.50, he go $1.5/$1.00= 1.5 or 50% more than us, and then divide that by two for the number, which would be 25%.
Axios has a good example of why this is not a logical way to do things. Madagascar is a poor African country that can't afford to buy most American goods. How could they afford a Cybertruck? But they have a lot of vanilla beans to sell to us. We love vanilla. It makes sense to buy vanilla from Madagascar, there aren't that many suppliers. Trump slaps Madagascar with a 47% tariff on everything they export to us (not just vanilla). Now they'll sell their vanilla beans to other countries because Trump made vanilla way more expensive for US citizens to buy vanilla. Instead of putting real vanilla in our recipes, we'll get more artificial, chemical, fake vanilla in our foods. And that won't make Madagascar want to buy any more Cybertrucks from us.
Madagascar has also recently signed a rare earth's deal with the U.S. in the hope it would avoid a large tariff. They don't buy much because it's a very poor country, not because they're "taking advantage of America".
They've tried to be friendly with the U.S. and placatate the mad tyrant in the White House, but still get slapped with 47% charge on all goods.
How do you put 31% 'reciprocal' tariffs on Switzerland when they average 1.7% import tariffs in general and none on industrial goods? These tariffs are entirely based on trade deficit, which is essentially a punishment for not having the buying power that Americans do.
Tariffs do work. The people squealing about tariffs would tell you whatever the orange did was wrong no matter what he did.
OK. You claim that commentary against tariffs is based solely or even primarily on loathing for Trump?
Apart from a very select application of tariffs, from what I’ve seen, the vast majority of economists currently against tariffs have been for free trade and against tariffs for their entire professional careers. In many, many cases, those careers pre-dated Trump’s entry into politics.
A number of pundits who have not been pro-Trump, especially those who are lifelong conservatives, have been opposed to him for many reasons, but one is that from the beginning of his candidacy in 2015, his bona fides as a policy maker and the economic policies themselves — like tariffs — were things they opposed. So you’d be disparaging them for having integrity of those views (if you can make a very, very good case for tariffs, you can call their consistency a foolish consistency, but that’s a very different argument from saying they are motivated by “Orange man bad” thinking or something like that).
But in terms of mindlessly falling in line, I am aware of the Heritage Foundation turning its collective back on 50 years of economic principle to kiss the ring. Whether tariffs are a good idea or not (I’d say that broad-based tariffs really, really are not), I don’t see any major examples on the anti-tariff side as apparently being so brazenly motivated by groupthink and partisanship as that.
You have to forgive AdultEddy. Six months ago, he didn't know what a tariff was, and now he's in a position where he had to defend them because his messiah said so. It takes a while to get good at recalibrating and flip flopping on everything you previously said for years.
Idiots on this thread would have you believe 100% of these “are RECIPROCAL tariffs only done against countries that have tariffs on us.”
Which countries have zero tariffs on imports from the USA?
No countries have zero tariffs you fool.
The average tariff the EU places on foreign goods is 5% across all sectors and countries. The UK and Canada both apply 3.8%
But that's just an average and many sectors are tariff-free and countries have signed trade deals with other countries to get tariff-free access, including with the US.
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