Politics Tariffs/Trade Wars

[primer]

Imports are some 11% of the economy someone said.

 

[uktabber]

Suffering will begin shortly.......

 

[Hiryu2.0]

As Trump announces new tariffs, here's a price tracker for cars, groceries and more supplies

CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.

www.cbsnews.com

 

[Hiryu2.0]

Questions and Answers on the US reciprocal tariff policy

What is the current value of EU-US trade and investment? Total bilateral trade in goods reached €851 billion in 2023. The EU exported €503 billion of goods to the US market, while importing €347 bill

ec.europa.eu

 

[Hiryu2.0]

https://www.cnbc.com/2025/04/03/china-pledges-countermeasures-against-sweeping-us-tariffs-donald-trump.html

 

[Picanha]

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.

But they present it as proof.

Shows their competence.

Trump hits ‘pathetic’ Europe with 20 percent tariffs

European Union joins China, Japan, Taiwan and Korea in U.S. President Donald Trump’s trade sin bin.

www.politico.eu

Not even able to put real facts on the table.

The US makes lots of money with serviced in the EU.

Plus I think many will not buy US products anymore.

https://finance.yahoo.com/news/foreign-boycotts-could-register-up-to-83-billion-hit-to-us-gdp-in-2025-goldman-sachs-says-203157185.html

 

[skaw]

Questions and Answers on the US reciprocal tariff policy

What is the current value of EU-US trade and investment? Total bilateral trade in goods reached €851 billion in 2023. The EU exported €503 billion of goods to the US market, while importing €347 bill

ec.europa.eu

Saw that earlier too...

With this in mind...

While i am open to fair trade in general, i am genuinely intrigued how we can get from the figures showed in that article to the figures showed on Trumps board. Seriously, maybe i am dumb but please explain, i don't care how stupid the question may be.

At the moment i think the figures on Trumps board rely partial on maybe a cherry-picked single product with a higher (the highest) tarif?!

 

[PEMM]

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.

They think VAT is a tariff.

Would still be way off with Philippines. I don't know, I guess they just threw some darts.

 

[primer]

Nobel prize

 

[PEMM]

Americans are the worlds greatest stand up comedians.

Of course there will be actually reciprocal tariffs, that are of equal monetary value, after the negotiations fail.

Treasury Secretary Bessent tells countries not to retaliate after sweeping 'Liberation Day' tariffs

Treasury Secretary Scott Bessent offered a three-word reply on Wednesday to countries looking to respond to the United States’ broad tariffs: "Do not retaliate."

President Donald Trump announced on his self-proclaimed "Liberation Day" a 10% baseline tariff across the board and retaliatory tariffs on some of the country’s closest allies, who he says are taking advantage of the U.S.

Among some of the notable tariffs are 34% on China, 20% on the European Union, 24% on Japan and 32% on Taiwan.

"My advice to every country right now is do not retaliate. Sit back, take it in, let's see how it goes. Because if you retaliate, there will be escalation," Bessent said Wednesday in an interview on "Special Report" shortly after the announcement. "If you don't retaliate, this is the high-water mark."

Notably absent on the list of countries subject to tariffs were Mexico, Canada, Russia and Belarus.

Treasury Secretary Bessent tells countries not to retaliate after sweeping 'Liberation Day' tariffs

Treasury Secretary Scott Bessent unpacks the Trump administration's sweeping retaliatory tariffs on 'Special Report.'

www.foxnews.com

 

[PEMM]

Their analysis was:

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[Mike1976]

Saw that earlier too...

With this in mind...

While i am open to fair trade in general, i am genuinely intrigued how we can get from the figures showed in that article to the figures showed on Trumps board. Seriously, maybe i am dumb but please explain, i don't care how stupid the question may be.

At the moment i think the figures on Trumps board rely partial on maybe a cherry-picked single product with a higher (the highest) tarif?!

They think VAT is a tariff.

Would still be way off with Philippines. I don't know, I guess they just threw some darts.

because Trump conveniently includes other "forms of deception" that the calculation classifies under "currency manipulation and trade barriers" such as VAT, subsidies and especially European mega-fines for American tech companies as levies.

 

[Mike1976]

From the people that brought you this moron.

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[PEMM]

@Mike1976 They actually didn't consider VAT's, fines on tech companies on any such things, like explained on tweet on the post right before yours.

 

[Mike1976]

@Mike1976 They actually didn't consider VAT's, fines on tech companies on any such things, like explained on tweet on the post right before yours.

They cherry-picked by including goods and not services. No doubt the cherry-picking didn't stop there.

 

[Telmar]

LOL

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Edit: What would Ferris do?

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[Telmar]

The tariffs applied by other countries to US goods showed by Donald Trump are numbers made up.

 

[Telmar]

A

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

Are these numbers from DOGE because they confuse billions and millions and count things more than once.

Another MAGA breaks the ranks

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[Picanha]

Dollar down

Euro up

The EU will, in case, tax the S**t out of US services over here you have no idea how much that is.

 

[Picanha]

And services are far easier to replace than for example pharmaceuticals or machined goods and parts.

The US tariffed Switzerland 30% but exempted pharmaceuticals.

If the US continues this path they will shoot themselves out of relevance.

VW stopped its car exports today.

Maybe the US will also soon find out how people only get Trabants.

You can not coerce foreign entities to make up for your missing industrial base.

The risk is that the market becomes irrelevant at some point.