Politics All Things Trump

[Chazman]

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[Chazman]

This line cracked me up.

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[Chazman]

Regarding tariffs, the US has allowed tariffs on it's products going out while not charging tariffs on products coming in since the end of WW2, to allow the world to rebuild itself.

That arrangement seems to be up for review. Tariffs are a powerful tool and Trump knows how to use them.

China seems very upset, even threatening war last night. Oh well.

 

[Chazman]

Monster numbers.

 

[Chazman]

I believe there was to be a big announcement in the speech, what was it? At least here the sky is not clouded over by flocks of crows over that speech.

Several, I think.

US will plant an American flag on Mars.

US shipbuilding act, which is of critical importance.

Balanced budget, which hasn't been done in decades.

Read Zelensky's letter.

US companies buying the ports at either end of the Panama canal, replacing China.

Lot's more.

 

[PEMM]

Regarding tariffs, the US has allowed tariffs on it's products going out while not charging tariffs on products coming in since the end of WW2, to allow the world to rebuild itself.

That arrangement seems to be up for review. Tariffs are a powerful tool and Trump knows how to use them.

China seems very upset, even threatening war last night. Oh well.

The US must of course place tariffs to other low production cost countries, so that the companies won't just move their production there.

 

[Chazman]

The US must of course place tariffs to other low production cost countries, so that the companies won't just move their production there.

Yes, and also to move production back to the US.

 

[PEMM]

Speaking of possible tariffs to EU. According to EU the overall tariff situation is now quite balanced. As is trade when you take into account services and not just goods. Then the deficit shrinks to 48 billion €.

What is the current average tariff rate charged by the EU on imports from the US? What is the current average tariff rate charged by the US on imports from the EU?

For technical reasons, there is not one “absolute” figure for the average tariffs on EU-US trade, as this calculation can be done in a variety of ways which produce quite varied results. Nevertheless, considering the actual trade in goods between the EU and US, in practice the average tariff rate on both sides is approximately 1%. In 2023, the US collected approximately €7 billion of tariffs on EU exports, and the EU collected approximately €3 billion on US exports.

Doesn't the US have a point about an asymmetry in tariffs, such as the EU's 10% tariff on cars compared to the US's 2.5% tariff?

Tariff structures vary between economies, with some EU tariffs higher than those of the US and many others lower. Both the EU and the US have equally low tariffs overall.

While the EU applies a 10% Most Favored Nation (MFN) tariff on cars, it's important to note that the US imposes a 25% tariff on pickup trucks—the largest segment of the US auto market, accounting for about one-third of all vehicle sales. In fact, the best-selling vehicle in the US is a pickup truck, the Ford F-150.

https://ec.europa.eu/commission/presscorner/detail/en/qanda_25_541

 

[Chazman]

https://www.cnbc.com/2025/03/05/weekly-mortgage-demand-surges-20percent-higher-after-interest-rates-drop.html

 

[Chazman]

https://archive.is/fcSUX

 

[Telmar]

Interesting us that if Canada sells around 40 billion USD value of cars in the USA, the figures are about the same for what it buys in cars from the USA...so tariffs meh ..

Does Donald Trump read this site?

Tariiffs are off for now for Mexico and Canada. Might come back, might get cancelled again...before coming back...before...

https://www.axios.com/2025/03/05/tariffs-canada-mexico-trump

 

[HorniePonie]

Does Donald Trump read this site?

Tariiffs are off for now for Mexico and Canada. Might come back, might get cancelled again...before coming back...before...

https://www.axios.com/2025/03/05/tariffs-canada-mexico-trump

Markets really love unpredictable knee-jerk reactions and leadership that rows back and forth.

 

[Chazman]

Markets really love unpredictable knee-jerk reactions and leadership that rows back and forth.

Markets are great today, not too happy the previous couple of days.

 

[Chazman]

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[Chazman]

Does Donald Trump read this site?

Tariiffs are off for now for Mexico and Canada. Might come back, might get cancelled again...before coming back...before...

https://www.axios.com/2025/03/05/tariffs-canada-mexico-trump

Apparently he was on the phone with the Big 3 and they asked him to. I heard a report where cars from Canada may have tariffs waived. We'll see. It'll be interesting.

 

[primer]

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Norway will tap into the worlds biggest wealth fund for Ukraine, they also have a friggen huge rare earth deposit lyin trumpy can't grab.

World waits for Musk doge to track down the missing 250 billion that Trump and himself claims Ukraine stole. Zelensky reckons only 75 billion has been supplied. I don't think doge will find it yet fires the park rangers.

 

[primer]

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[TheKiwi]

Regarding tariffs, the US has allowed tariffs on it's products going out while not charging tariffs on products coming in since the end of WW2, to allow the world to rebuild itself.
....

That's not really the case. There are a great many (especially agricultural products) where tarrifs have been in place consistently since WW2, usually to protect the corporates who dominate that type of agriculture. Examples - sugar to protect Dole. Timber against Canadian timber imports. Dairy products. And many more.

 

[primer]

It was always dumping on our markets with their dairy mountains built on subsidies, nobody did more to destabilize free markets, pedalled we should open up and break up and sell state assets as those were communist.
The mountain did not grow from private enterprise.

Their latest 500 billion for AI in Texas is socialist...suddenly all those entrepenuers have no complaints.