If the complete bicycle is assembled in Italy (for example), it is considered “Made in Italy” for customs purposes—even if many components (like derailleurs, handlebars, wheels) are sourced from other countries (e.g., Taiwan or China)
So expect more imports from Europe for bikes at least
The thing is that in Peter Navarro’s new model, he envisions dynamic tariffs. I think that the math would look something like this.
Suppose: Base tariff = 10% Trade deficit increases by $5B Currency devalues 3% No new reshoring activity Let’s use illustrative coefficients: 0.5% per $1B deficit 1% per 1% devaluation -1% per 5% increase in U.S.-based production T=10%+(0.5%×5)+(1%×3)+(0)T=10%+(0.5%×5)+(1%×3)+(0)T=10%+2.5%+3%=15.5%T=10%+2.5%+3%=15.5%Result: Next quarter’s tariff = 15.5%
so with that companies cannot simply move manufacturing from China to Taiwan for example. Because, Taiwan may be hit with a higher tariff in the next quarter.
That simply causes a problem for US manufacturers. Manufacturers in other countries don’t “have to” sell to the US.
In a nutshell, RIP: Trek, Specialized…
Once the links are broken they will never come back. TrumpHumpers are starting to claim that the U.S. must wait 30 years to realize Trump's genius. LOL!
Manufacturing is ALREADY coming back after only 3 months....and I've noticed no price increase in common goods...Egg prices have dropped 55% since Trump took office...Border secured in only 3 months...
What manufacturing jobs have “come back”? When do you expect the tariff induced inflation to kick in on common goods?
Exrunnerboy is an idiot. Manufacturing doesn't just come back. No one is instantly building up a factory to make _____ (fill in the blank with anything). It takes five or more years to setup a factory simply to assemble a new version/design of a car. And no one is going to make the massive investment required with a Klown in the White House who changes IT'S mind more often than IT flushes a toilet ... one roll of paper per dump.
What manufacturing jobs have “come back”? When do you expect the tariff induced inflation to kick in on common goods?
Exrunnerboy is an idiot. Manufacturing doesn't just come back. No one is instantly building up a factory to make _____ (fill in the blank with anything). It takes five or more years to setup a factory simply to assemble a new version/design of a car. And no one is going to make the massive investment required with a Klown in the White House who changes IT'S mind more often than IT flushes a toilet ... one roll of paper per dump.
Literally everyone with a brain knows manufacturing isnt coming back. If it did, it would be mostly robotic and AI crap with very little jobs. The popularity of Trump depends on people with no cognitive skills.
I just find it funny that liberals are now forced to defend outsourcing jobs, sweatshop labor and global markets.
As with mass immigration, now with this. They’ll defend what’s essentially slave labor in the name of “antiracism” and “diversity” so that they can get cheap fruit and house renovations. Now they defend global markets so that they can get cheap cell phones.
I just find it funny that liberals are now forced to defend outsourcing jobs, sweatshop labor and global markets.
As with mass immigration, now with this. They’ll defend what’s essentially slave labor in the name of “antiracism” and “diversity” so that they can get cheap fruit and house renovations. Now they defend global markets so that they can get cheap cell phones.
Who’s the party of the rapacious capitalist now?
So this really is "tank the economy to own the libs" for you people.
Once again those of us that lord over you partisan sociopaths are the only sane people around.
I just find it funny that liberals are now forced to defend outsourcing jobs, sweatshop labor and global markets.
As with mass immigration, now with this. They’ll defend what’s essentially slave labor in the name of “antiracism” and “diversity” so that they can get cheap fruit and house renovations. Now they defend global markets so that they can get cheap cell phones.
Who’s the party of the rapacious capitalist now?
Nice attempt at deflection.
But just to restate the CURRENT situation :
TRUMP IS SINGLEHANDEDLY CREATING A RECESSION IN THE US.
No, I just don’t think that relying on cheap foreign labor is a good thing. Maybe good for boomers with their massive retirement funds. Not good for anybody else.
I just find it funny that liberals are now forced to defend outsourcing jobs, sweatshop labor and global markets.
Despite what the MSM (Fox News) tells you, the democratic party has sort of been about that stuff for the past 50 years. This is in part why actual leftists don't like being called liberals
Despite what the MSM (Fox News) tells you, the democratic party has sort of been about that stuff for the past 50 years. This is in part why actual leftists don't like being called liberals
I don’t watch any MSM. I get the distinction between leftists and liberals. The former purports to be more focused on economics and protecting the lower classes than the latter. And yet, I’ve still never encountered one that opposes mass immigration, which is a true threat to the working class and their bargaining power.
In truth, leftists and liberals are very much the same, just as neocons and neoliberals are. Only a few superficial differences. But they all form the uniparty.
If the complete bicycle is assembled in Italy (for example), it is considered “Made in Italy” for customs purposes—even if many components (like derailleurs, handlebars, wheels) are sourced from other countries (e.g., Taiwan or China)
So expect more imports from Europe for bikes at least
Much like bikes, and almost everything else the U.S. consumes, there is very little the U.S. can produce 100% internally. Coffee is another example which a lot more people consume that almost anything else.
The US imports a lot of coffee from Switzerland, except it is mostly ground coffee made from beans purchased from South America and Vietnam. The US produces no coffee in any state except a very small amount in Hawaii.
The US can produce soybeans. Oh yes, China placed a retaliatory 34% tariff. Forget about this.
The stock market hates, and punishes, uncertainty.
With all the back and forth on tariffs and international affairs, and the present defensive tone of the US administration on a potential recession, the stock market will tank, and then the economy will follow.
Be prepared if you can.
Ever since I was a child, I had dreamed of one day earning minimum wage stitching racing flats together for all the world to wear. The flats I'd sew would be worn by many, some who may even break the 4 minute mile barrier. And those shoes, those would be my contribution to the running world.
But as the world matured, capitalism spread its ugly wings, and those childhood dreams of sewing nike swooshes went up in flames as manufacturing jobs went elsewhere, to where minimum wage laws didn't exist.
I'm older now and never did get the opportunity to glue the soles of a waffle racer, and I thought I never would.
But now, like a miracle, tariffs have been imposed worldwide, and those childhood dreams of mine have come flooding back. I may just get my chance to melt rubber on a waffle iron. I might be able to charge higher prices than ever for the same shoes stitched together overseas. I, I just might sew a shoe that a sub 4 miler wears.
I just find it funny that liberals are now forced to defend outsourcing jobs, sweatshop labor and global markets.
As with mass immigration, now with this. They’ll defend what’s essentially slave labor in the name of “antiracism” and “diversity” so that they can get cheap fruit and house renovations. Now they defend global markets so that they can get cheap cell phones.
Looking at the Dow Futures, It may be back over 40,000 by closing bell on Wednesday. Trump is playing chess while you losers are playing parcheesi.
This rally will be very very nice, yet the libs will refuse to acknowledge it. They hammered Trump when it was going down and they will scatter like rats when it recovers.
Countries are lining up to agree to end their tyrannical tariffs they have been charging America for 50 years. This is because they will loose more money if they leave them in place and have to pay America a 50% of what they charge. This will increase American exports in the unfair tariff markets that have devastated America.
So Americans have sent out 8 trillion dollars to foreign countries when Exports are subtracted from imports. Trade deficits are actually cumulative even though only a yearly stat is shown. Six million good paying US jobs were lost because the countries charged us massive tariffs and we did nothing.
Americans in the middle class pay massive taxes. The American government has given the American people the middle finger for fifty years. Your stock market is going to be shaky. This may last longer than 5 days to undo 50 years of international robbery.
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