The Trump tariffs

Samseau said:
Retaliatory tariffs won't do anything except destroy the country that tries to tariff America since we can just raise tariffs that much more. They will need to devalue their currency even more to sell here, and the dollar grows even stronger which allows us to buy more from other countries that do not use tariffs.

It's a zero sum game theory that rewards any country who cheats - which in this case will be any country that does not tariff us.

The only way retaliatory tariffs could work against the USA is if every country on the planet agreed to retaliatory tariffs on us.

Any country that refuses to cooperate with the rest of the world can just buy from other countries, resell to America and make bank. In other words, retaliatory tariffs will quickly be discovered to be impossible. Anyone who tries will go bankrupt.
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You act is if other countries need U.S.A dollars and US government bonds. Because a country like China that has massive exports to the USA all they are getting in return for their exports is worthless U.S. dollars (a.k.a. U.S. trade deficit). Its no big loss to stop receiving worthless U.S. dollars and US government bonds. They can instead resell those same goods being produced to other countries and get products and services in return rather than running a trade surplus with those countries i.e. send out goods and get goods in return instead of receiving worthless fiat in return.

Peter Schiff has explained this point really well. The rest of the world keeps sending their goods to America and getting worthless US dollars in return. The U.S. is the world's biggest debtor nation ripping off all the other countries by exchanging their worthless fiat for real goods and services. This cannot last forever eventually the US will collapse.
 
GoodShepherd said:
There you go👍🏻 USA has leverage and the weaker nations will buckle and submit as long as USA remains a super power
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This just proves the point that tariffs are not really all that good and Trump doesn't really actually want tariffs he just wants to use them as a negotiating tool which he successfully did with Canada and Mexico so good on him.
 
Australia Sucks said:
This just proves the point that tariffs are not really all that good and Trump doesn't really actually want tariffs he just wants to use them as a negotiating tool which he successfully did with Canada and Mexico so good on him.
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I think the goal is to get other nations to lower their tariffs to suit USA, for example if USA can make China lower the tariffs then USA can sell their products to China for higher profits and in exchange buy Chinese products at cheaper prices.

I do think USA for the sake of their country should use their super power leverage to control the Panama Canal because then any boat that travels through there will be taxed even if they not going to USA, they might even be going south to Chile, they will still pay USA a fee to pass through the canal, old empires used to do this all the time it was standard practice. The Carthagenians controled the mediteranean ocean and the Island of Sicily was probably the most fought over Island because whoever controlled it would receive tax from trading ships as they passed through the straights.

Trump is right to do what his doing because other nations have already been doing this and taxing USA but dont return the favor to America, its actually Trump who is retaliating in my opinion.
 
Glenn Luk provides an analysis on China' retaliatory toolkit on this 1st round. I'll let you guys speculate and discuss

















His last tweet (Above the limit)
P.S. Retaliation takes form in currency actions, tariffs, antitrust, export controls, etc.

But they are underpinned by developing domestic alternatives. You can’t tariff Boeing if you don’t have a credible domestic alternative.

Developing alternatives is the ultimate retaliation.
 
Australia Sucks said:
You act is if other countries need U.S.A dollars and US government bonds. Because a country like China that has massive exports to the USA all they are getting in return for their exports is worthless U.S. dollars (a.k.a. U.S. trade deficit). Its no big loss to stop receiving worthless U.S. dollars and US government bonds. They can instead resell those same goods being produced to other countries and get products and services in return rather than running a trade surplus with those countries i.e. send out goods and get goods in return instead of receiving worthless fiat in return.

Peter Schiff has explained this point really well. The rest of the world keeps sending their goods to America and getting worthless US dollars in return. The U.S. is the world's biggest debtor nation ripping off all the other countries by exchanging their worthless fiat for real goods and services. This cannot last forever eventually the US will collapse.
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China's economy is worse than ours. They inflate worse than we do. People want dollars more than yuan. Schiff's analysis is flawed because it assumes the Chinese leadership will let their currency appreciate, which they never have and looks like they never will.

They prefer a nation of enslaved citizens to ones that can accumulate wealth, so they make sure their currency is weak trash that can focus on exporting.
 
expectation said:
Glenn Luk provides an analysis on China' retaliatory toolkit on this 1st round. I'll let you guys speculate and discuss

















His last tweet (Above the limit)
P.S. Retaliation takes form in currency actions, tariffs, antitrust, export controls, etc.

But they are underpinned by developing domestic alternatives. You can’t tariff Boeing if you don’t have a credible domestic alternative.

Developing alternatives is the ultimate retaliation.
Click to expand...


Bwahahaha, these responses make no sense, they are implementing capital controls in response to a meagre 10% tariff? LOL they are shooting themselves in the foot, all of these companies are going to pack their bags and they will lose millions of jobs.

China is acting like a histrionic woman right now.
 
The reality is that the US is on the clock as ALL fiat is losing purchasing power, increasingly in debt with post boom population and demographic issues, and a world that is more and more sick of things closer to unipolar rather than multipolar. The problem is that they are worse off demographic wise and far more socialist, which makes them bitches to the USA since their old populations need muh social programs (look at Canada, Europe). What results then is the question of what the world that isn't in direct sphere of influence of the USA, which is basically Russia/China/partners, can do about it and in what time frame.

If I were a parent, I'd honestly want a reset. Selfishly, since I have to go to other lands to get family formation, I'd rather the slow grind where money is relatively maintained and freedom/options increase - even if still single the greater optionality is better. I root for the latter only because it doesn't matter what I think and I can't control anything, so I'd prefer having more options, which includes giving the money away to those who need it (or the church, which is growing) as I age.
 
GoodShepherd said:
Trump has cut funding to South Africa and imposed tariffs, here is a South African minister responding to Trump.
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This guy is dumb as hell. Yes Africa has a lot of minerals but most mining companies are reluctant to invest there because of massive sovereign risk caused by idiots like him. Minerals that stay in the ground forever aren't really worth much to anybody.
 
USPS halts deliveries from China and Hong Kong. Apps like Temu and Stein will be impacted.

1738724794403.png

Temu Customers​

  • Temu has attracted many middle-class and low-income consumers in the US. Based on a survey of credit card data, Earnest found that about 18% of U.S. households have shopped with Temu since its launch. [1] American consumers account for about 40% of Temu’s global customer base.
  • Globally, Temu has 480-490 million users, and it aims to reach 600 million users this year.
    • The total number of Temu users in the U.S. is 150 -160 million, and it has about 80 million monthly active users, of which 50 million make monthly purchases.
    • In Europe, the monthly active users are 40 – 50 million.
  • The average usage time on Temu has reached 19 minutes (compared to 11 minutes on Amazon), showing the app’s improved stickiness. The US usage time has reached 23 minutes (Amazon 18 minutes, Walmart 14 minutes). [2] In the UK, usage time reached 21 minutes versus 8 minutes on Amazon. [3]
  • The mobile app of Temu is mainly used by women between 18 and 28 years old, accounting for almost two-thirds of all users.
  • In the first half of 2023, 55% of all app users had annual incomes under $50,000. In the year’s second half, 50% had annual incomes between $50,000 and $100,000. The income class of Temu app users is generally lower than that of Amazon.
  • While this profile might be true for app users, Temu’s most loyal U.S. shoppers have proven to be Baby Boomers and Generation X. Bloomberg reported: “Boomers 59 and older were the most loyal, placing about six orders over 12 months, twice as many as Gen Z shoppers aged 18 to 26, according to Attain, which mines credit card data from a panel of 6.5 million consumers.” [4]
www.chinatalk.nl

The current state of Temu - ChinaTalk

The most recent statistics about the performance of Temu, Pinduoduo's cross-border e-commerce platform.
www.chinatalk.nl www.chinatalk.nl
 
Australia Sucks said:
This guy is dumb as hell. Yes Africa has a lot of minerals but most mining companies are reluctant to invest there because of massive sovereign risk caused by idiots like him. Minerals that stay in the ground forever aren't really worth much to anybody.
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He is only one of the many idiots in our government, if you watch a parliment sessions its basically all people like this guy saying the most ridiculous nonsense, nobody watches it, some people will develop an illness and get sick if they have to watch it everyday.
 
expectation said:
USPS halts deliveries from China and Hong Kong. Apps like Temu and Stein will be impacted.

View attachment 17606

Temu Customers​

  • Temu has attracted many middle-class and low-income consumers in the US. Based on a survey of credit card data, Earnest found that about 18% of U.S. households have shopped with Temu since its launch. [1] American consumers account for about 40% of Temu’s global customer base.
  • Globally, Temu has 480-490 million users, and it aims to reach 600 million users this year.
    • The total number of Temu users in the U.S. is 150 -160 million, and it has about 80 million monthly active users, of which 50 million make monthly purchases.
    • In Europe, the monthly active users are 40 – 50 million.
  • The average usage time on Temu has reached 19 minutes (compared to 11 minutes on Amazon), showing the app’s improved stickiness. The US usage time has reached 23 minutes (Amazon 18 minutes, Walmart 14 minutes). [2] In the UK, usage time reached 21 minutes versus 8 minutes on Amazon. [3]
  • The mobile app of Temu is mainly used by women between 18 and 28 years old, accounting for almost two-thirds of all users.
  • In the first half of 2023, 55% of all app users had annual incomes under $50,000. In the year’s second half, 50% had annual incomes between $50,000 and $100,000. The income class of Temu app users is generally lower than that of Amazon.
  • While this profile might be true for app users, Temu’s most loyal U.S. shoppers have proven to be Baby Boomers and Generation X. Bloomberg reported: “Boomers 59 and older were the most loyal, placing about six orders over 12 months, twice as many as Gen Z shoppers aged 18 to 26, according to Attain, which mines credit card data from a panel of 6.5 million consumers.” [4]
www.chinatalk.nl

The current state of Temu - ChinaTalk

The most recent statistics about the performance of Temu, Pinduoduo's cross-border e-commerce platform.
www.chinatalk.nl www.chinatalk.nl
Click to expand...
We also buy from Temo and Shein in South Africa, tell me, in USA when the packages areive do you guys have to pay custom taxes before the products are shipped to your door? In South Africa we do and its expensive Im just wondering if we getting screwed because we are a BRICS nation it just doesnt make sense that the consumer would pay tax from our allies, so curious to know how you guy get charged.
 
GoodShepherd said:
We also buy from Temo and Shein in South Africa, tell me, in USA when the packages areive do you guys have to pay custom taxes before the products are shipped to your door? In South Africa we do and its expensive Im just wondering if we getting screwed because we are a BRICS nation it just doesnt make sense that the consumer would pay tax from our allies, so curious to know how you guy get charged.
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Under the "de minimis" exemption all imports below $800 are duty free. The current pause was caused by Trump's decision to end this exemption for China.
 
TruckDriver9 said:
Under the "de minimis" exemption all imports below $800 are duty free. The current pause was caused by Trump's decision to end this exemption for China.
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$800 dollars is a lot, for us its about $50, I wonder what percentage you pay after the $800 dollars? Our government is ripping us off and taxing the South African citizens way too high on imports from our BRICS allies, at the start it was cheap then they started noticing how much South Africans were buying and realized they could make a quick buck off this.
 
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