Politics Tariffs/Trade Wars

[Picanha]

Majority of Polled Scientists Considering Leaving United States, Signaling "Brain Drain" - Eos

After an onslaught of funding cuts, firings, and cancelled programs as a result of Trump administration actions, scientists in the United States are feeling targeted. That’s according to the results of a poll of 1,200 U.S. scientists, published by Nature.

eos.org

 

[Picanha]

EU readies counterstrike on Big Tech and US banks over Trump’s mega tariffs

Brussels sees America’s transatlantic trade surplus in services as its Achilles’ heel.

www.politico.eu

 

[Picanha]

As if the EU was a toothless tiger in some news you already read the comments of the usual suspects "but will they fail as the ones on Russia"

Yes the Russian ones fail so badly that Putin wants them removed immediately.

Especially the useless European ones.

 

[Chazman]

Majority of Polled Scientists Considering Leaving United States, Signaling "Brain Drain" - Eos

After an onslaught of funding cuts, firings, and cancelled programs as a result of Trump administration actions, scientists in the United States are feeling targeted. That’s according to the results of a poll of 1,200 U.S. scientists, published by Nature.

eos.org

Those "scientists" are free to go wherever they please. They want to leave because of counter tariffs? They sound like real dipsh!ts.

 

[Picanha]

Sorry not tariffs! Wrong thread belongs into the All Things Trump thread..

They said it's because of the atmosphere created.

I find that quite alarming as it's not only gender scientists saying that.

Those are useless anyway but others not.

 

[primer]

Ironic how Japan , Korea and particularly the Chinese have tariffed USA. Non of whom would have their economies they have today without the prior easy access, patent theft, copying, market and financial reforms that the US pioneered and that freindship thing terminates same point as benefit for them.

 

[Euroamerican]

Are these "Trust the Science" Scientists?

 

[haze99]

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[Junglejim]

That chart does not make any sense at all, trade deficit is not a tariff. If you look at those charts those are basically trade deficits and then they just cut it as the counter tariff. You can not adjust trade deficits with tari.... know what, sure let Americas winnings begin.

 

[Mark Sman]

That chart does not make any sense at all, trade deficit is not a tariff. If you look at those charts those are basically trade deficits and then they just cut it as the counter tariff. You can not adjust trade deficits with tari.... know what, sure let Americas winnings begin.

That chart has nothing to do with trade deficits in relation to US tariffs.

Basically the US is going to a minimum 10% tariff. That is the part I am less sure about. Not sure we should have any minimum of any amount. If you charge us 0% we should charge you 0%.

Then the US is going to up the tariff to equal about half of what the other country charges on US goods in tariffs.


Want the tariff on your country to go down? Lower the tariffs on US goods in your country to 20% and the US will charge you 10%.

This is the part where any sane and fair negotiator says "Thank you very very very much. That is very generous of you."

Or you can pretend not to understand that the US has been getting blatantly ripped off for decades and that the levels of ripoff has just been reduced.

 

[Junglejim]

That chart has nothing to do with trade deficits in relation to US tariffs.

Basically the US is going to a minimum 10% tariff. That is the part I am less sure about. Not sure we should have any minimum of any amount. If you charge us 0% we should charge you 0%.

Then the US is going to up the tariff to equal about half of what the other country charges on US goods in tariffs.


Want the tariff on your country to go down? Lower the tariffs on US goods in your country to 20% and the US will charge you 10%.

This is the part where any sane and fair negotiator says "Thank you very very very much. That is very generous of you."

Or you can pretend not to understand that the US has been getting blatantly ripped off for decades and that the levels of ripoff has just been reduced.

So can you tell me where the hell the US government got the figure that the Philippine tariff on American goods is at 34%? Cause all data shows that the Philippine average tariff for Most Favored Nations is at 6%. The countries highest tariff are in agriculture specifically rice and meat at 30%, which is not even our main trade with the US. The only figures that are getting close to those % is our trade surplus and thats in favor of the US.

Anywho, glad we decoupled our economy a long time ago. It will hurt but not prison rape hurt, like what Vietnam and Malaysia is about to get.

 

[Mark Sman]

So, option two then. OK.

 

[Chazman]

Low tariffs on Central and South America, high on Asia. It doesn't take an Einstein to figure how that will relocate the supply chain.

 

[Junglejim]

Low tariffs on Central and South America, high on Asia. It doesn't take an Einstein to figure how that will relocate the supply chain.

That is gonna take a long time and will mean costly goods for Americans in the mean time. Plus, its basically making Asia focus more on its markets rather than the US.

 

[Mark Sman]

Low tariffs on Central and South America, high on Asia. It doesn't take an Einstein to figure how that will relocate the supply chain.

I still worry about some of the Central and South American ones getting hit with a 10% minimum. Even if the US was to have a minimum, 10%? Seems high.

If, underline IF, the US vastly simplifies figuring out where your product fits in the schedule there could be a small upside. Currently the rules are Byzantine at best. And a whole system of leaches profit off of the confusion of processing paper.

The devil is in the details on that one.

 

[Chazman]

That is gonna take a long time and will mean costly goods for Americans in the mean time. Plus, its basically making Asia focus more on its markets rather than the US.

That's where it's going.

As you are aware, the American market is the HUGEST on the planet. Most goods made in America are sold in America. It's not an export economy like China or Germany. If the widget costs too much and demand dries up in the US, companies will be clamoring to build widget factories in the US to sell to Americans. That's already happening. $4 trillion in new investments with another $2 trillion forthcoming. And it's only been 2 months.

 

[Chazman]

I still worry about some of the Central and South American ones getting hit with a 10% minimum. Even if the US was to have a minimum, 10%? Seems high.

If, underline IF, the US vastly simplifies figuring out where your product fits in the schedule there could be a small upside. Currently the rules are Byzantine at best. And a whole system of leaches profit off of the confusion of processing paper.

The devil is in the details on that one.

It's going to be: "Let's Make A Deal".

 

[Mark Sman]

HUGEST

I see what you did there.

 

[primer]

US federally does not have vat gst or whatever tax in that and instead state taxes will add it up- like the new 10% for us respectively comes to 17%
vs our 5% nominal tariff depending on type of good plus gst 15% = 20%
Apparently our govt economists cannot figure it out. They cannot join dots.
End of the day its patently more than fair but since it Trump the press will report it as more crazy orange bogeyman.

 

[Junglejim]

That's where it's going.

As you are aware, the American market is the HUGEST on the planet. Most goods made in America are sold in America. It's not an export economy like China or Germany. If the widget costs too much and demand dries up in the US, companies will be clamoring to build widget factories in the US to sell to Americans. That's already happening. $4 trillion in new investments with another $2 trillion forthcoming. And it's only been 2 months.

The US is literally the second largest exporter in the planet. Maybe you meant its a net importer, then yes. I would wait for those actual investments to come through first.