Politics Tariffs/Trade Wars

[primer]

Big fat mark ups on Chinese made so to sell or dump they kept it low and they are getting subsidized. There is no doubt. Look at EU tariffs on EV's and Canada on various, items, USA etc,. . The evidence was last time he tariffed them was no inflation.
Clearly sucking up 100% or so will be different though as in impossible so therefor no risk to inflation and I think this was the strategy. If its not on the shelf you won't have to pay for it.

 

[Junglejim]

Big fat mark ups on Chinese made so to sell or dump they kept it low and they are getting subsidized. There is no doubt. Look at EU tariffs on EV's and Canada on various, items, USA etc,. . The evidence was last time he tariffed them was no inflation.
Clearly sucking up 100% or so will be different though as in impossible so therefor no risk to inflation and I think this was the strategy. If its not on the shelf you won't have to pay for it.

Im not talking about mark up or subsidy aspect of it, I am talking about the tariff itself, what makes people think China will be paying it, when a Tariff is paid at the American/ another nations office. Why would China pay for it? In fact the effectivity of the tariff is when it prevents you the consumer from buying that certain product as you have to pay the tariff out of pocket.

So the only one getting hit is teh consumers, unless they find a cheaper alternative, which is hard for most Chinese products.

 

[primer]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Chazman]

US-UK trade deal completed. Reports were India would be first, but delayed due to current actions with Pakistan.

 

[HorniePonie]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

TBF, the Chinese make decent stuff too. I have had a Chinese CNC laser for years and it works perfectly well.

 

[PEMM]

TBF, the Chinese make decent stuff too. I have had a Chinese CNC laser for years and it works perfectly well.

By recent experience, Chinese manufacturers make good quality equipment as long as they are followed.

If not, you might get perfect paperwork. It's just fake.

 

[Junglejim]

You get what you pay for with the Chinese, if you want quality they can do it. You wanna cheap out, they can do it as well.

I recently went to a car show, and the cars there were 90% EV and mostly Chinese. Compared to the Chinese EV cars, the Teslas felt like unfinished cardboard junk. The Chinese EV's are pushing cyberpunk video game level. Coming back to the normal cars felt like I went back to the 50's.

 

[HorniePonie]

By recent experience, Chinese manufacturers make good quality equipment as long as they are followed.

If not, you might get perfect paperwork. It's just fake.

Yeah. There are usually some shortcuts that make the machinery non EU compliant like 230V connectors without protective covers. But TBF the Americans are also unhappy with the EU having too strict codes and safety standards that hinder their exports.

 

[Junglejim]

China not negotiating tariffs with US, Scott Bessent says

President Donald Trump previously claimed China is "ready to deal" and that Chinese President Xi Jinping had called him to discuss trade.

www.yahoo.com

 

[primer]

I wonder why the US doesn't go with VAT plus the tariff. Republicans like a flat tax and atleast they get it as a component. Cut income tax.
So long as it was flat and didn't start getting exceptions for this product and that one and creates a whole new set of accounting, accountants would love that. Thinking some more and glad I don't live in a federation.
Whats it like for EU accounts. Is that a different thing from state tax?

 

[primer]

TBF, the Chinese make decent stuff too. I have had a Chinese CNC laser for years and it works perfectly well.

Besides the stolen and copied tech that probably put the EU inventor out of work.. Of course they can make EV cars now that are less cost than EU, with subsidies and also you wouldn't see regular advertising like that in the EU or US. Yet they can.
Merchantile practices enabled and performed by the govt.
The bait lazer welder in the bait and switch advert is fairly recent German tech.

 

[Russ Riutta]

So far, tariffs or threat of tariffs, have brought over 4 trillion dollars of manufacturing investment into the US. Not bad for 2 months.

That means absolutely nothing until factories are retooled or built and people are punching in to start their shifts. These tariffs were an idiotic move by an idiotic man who ignores the expert advice of people who know a hell of a lot more about our economy and how it works than a narcissist who bankrupted TWO CASINOS.

 

[Russ Riutta]

Large majority of Europeans support retaliatory tariffs against US, poll finds

Survey shows between 56% and 79% across seven countries in favour if Trump introduces ‘Liberation Day’ levies

www.theguardian.com

Our President is not a Republican. He’s a Fascist opportunist like his idol, the guy who wrote “Mein Kampf”.

 

[Chazman]

That means absolutely nothing until factories are retooled or built and people are punching in to start their shifts. These tariffs were an idiotic move by an idiotic man who ignores the expert advice of people who know a hell of a lot more about our economy and how it works than a narcissist who bankrupted TWO CASINOS.

Oops....around 7 trillion now.


BTW, have you ever built anything? Just infusing that much cash to start building various facilities and factories means construction workers are super busy, orders for steel, wood, electrical and other construction materials, physical plant, equipment. And when you are done, you will have Made in USA products and hundreds of thousands of high paying jobs.

 

[primer]

Its a good shake-up for the supply chain..needed it. Remember all the problems with covid, couldn't even get a 3m mask.

 

[Chazman]

Its a good shake-up for the supply chain..needed it. Remember all the problems with covid, couldn't even get a 3m mask.

For sure. And.....it ABSOLUTELY is happening.

 

[Junglejim]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

This is one thing that the Tariff is probably trying to stop.

 

[PEMM]

And when you are done, you will have Made in USA products and hundreds of thousands of high paying jobs.

Are production line jobs high paying in America? I was on two before I got my degree and they were low paying (1500€/month), assembling machinery. Comparable to cleaners or burger flipping.

Specialists like welders and machinists are the ones with good wages.

 

[Chazman]

Are production line jobs high paying in America? I was on two before I got my degree and they were low paying (1500€/month), assembling machinery. Comparable to cleaners or burger flipping.

Specialists like welders and machinists are the ones with good wages.

It depends. All these investments are for high value added products. I don't think we'll see things like textiles or piece work coming back unless they are heavily automated.

 

[PEMM]

It depends. All these investments are for high value added products. I don't think we'll see things like textiles or piece work coming back unless they are heavily automated.

What I was doing was assembling these large(oven sized) VF Drives. The model might change from day to day as per client order. We would make around 6-10 steps/person/day. These type of jobs might be difficult to automate.

On another place we were making plastic bags. You would simply maintain the machines, start up and observe the process and then pack them. I guess if something broke in such way we could not fix it, a specialist would come from the manufacturer of the machine. But those jobs a very few.