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Yeah same here.
We did a ton of business in China after trump 1 we divested heavily. However we still have stuff made there due to their dominance of plastics.
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And the Tariffs begin! 25% then next week goes to 50% retaliatory process is moving at "lightning speed," State Marco Rubio said
- Thread starter TC McQuade
- Start date
We did a ton of business in China after trump 1 we divested heavily. However we still have stuff made there due to their dominance of plastics.
Varmint
NES Member
I wish that were true, unfortunately the way our system works MAGA is better off not being a 3rd party, that would hand Dems the keys.
Varmint
NES Member
Local news channel interviewed a local store owner last week about the tariffs. A hippy chick who sells candles for 45 bucks. She was whining that hers glass jars from China could double and she will have to double her retail price.
She is getting raked over the coals on her website now.
Refuses to say what she is paying for the empty jars.........
![[rofl]](/xen/styles/default/xenforo/smilies.vb/013.gif "ROFL [rofl]")
And they are they are the same size as a short bourbon glass.
Yeah there’s so many of these little fashion businesses selling Chinese made goods at insane markups. Like $300 backpacks and $400 carry on bags, wtf.
And those are at least useful goods, then there’s all the luxury handbags and crap made in China for a few bucks.
If the Fed ever stops with the QE, not QE and stealth QE, these businesses will vaporize.
Tough-Talking China Could Be Opening the Door to Tariff Talks
China may be warming to the possibility of holding talks with the U.S. on tariffs, following a statement from the Chinese Commerce Ministry.
www.breitbart.com
Varmint
NES Member
Before anyone gets to excited about the negative GDP being good news, the Fed themselves explain how imports still get counted toward GDP, via the consumption component. So high imports don’t reduce GDP. Recessions do.
And even in the example, the sale price of the car will be higher than the import cost, inflating GDP.
For example, $30,000 spent on an imported car is counted as a personal consumption expenditure (C), but then the $30,000 is subtracted as an import (M) to ensure that only the value of domestic production is counted (Table 3).
How Do Imports Affect GDP?
The current textbook treatment of how international trade is measured as part of GDP can lead people to misunderstand the role trade plays in the economy.
www.stlouisfed.org
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mibro
NES Member
KBCraig
NES Member
"Panic buying to beat the tariffs is good!"
Lord. Does no one understand anything?
Grendizer138
NES Member
I was pretty on the fence about tariffs, but they keep giving me new reasons to support them…
Varmint
NES Member
First trade deal?
www.bbc.com
- removes Al and steel tariffs on UK exports
- cuts UK car tariffs to 10%
- tariff remains on other UK imports
- no tariff yet on UK pharmaceuticals, TBD?
- removes import ban on US beef
I think the last one was the main benefit to the US.
Interesting question is are both sides OK with the reduced tariffs continuing? Because if all the upcoming deals are like this, it seems to mean the tariffs are here to stay, and not just a negotiating tactic.
US and UK agree deal slashing Trump tariffs on cars and metals
It will leave a 10% import tax on most goods shipped from the UK to the US.
www.bbc.com
- removes Al and steel tariffs on UK exports
- cuts UK car tariffs to 10%
- tariff remains on other UK imports
- no tariff yet on UK pharmaceuticals, TBD?
- removes import ban on US beef
I think the last one was the main benefit to the US.
Interesting question is are both sides OK with the reduced tariffs continuing? Because if all the upcoming deals are like this, it seems to mean the tariffs are here to stay, and not just a negotiating tactic.
pdm
NES Member
How many other countries will go to zero tariffs on all US exports? I think Argentina was the only one.First trade deal?
US and UK agree deal slashing Trump tariffs on cars and metals
It will leave a 10% import tax on most goods shipped from the UK to the US.
- removes Al and steel tariffs on UK exports
- cuts UK car tariffs to 10%
- tariff remains on other UK imports
- no tariff yet on UK pharmaceuticals, TBD?
- removes import ban on US beef
I think the last one was the main benefit to the US.
Interesting question is are both sides OK with the reduced tariffs continuing? Because if all the upcoming deals are like this, it seems to mean the tariffs are here to stay, and not just a negotiating tactic.
Varmint
NES Member
Well it's country and item specific, there are bans, non-tariff barriers, and of course simple trade deficits that have nothing to do with any unfairness.
I was speaking more of the fact Trump didn't remove most of the tariffs, so either he's waiting for more concessions from the UK in future negotiations, or he wants tariffs on as long term policy. I'm curious which it is.
Jenska22
NES Member
big announcement, not much substance
Individualist
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Both. Trump usually takes an outrageous first stance to initiate concessions when he is coming from a position of strength. In the end he still wants to come out ahead, albeit at a much more moderate position.
pdm
NES Member
I'm OK with the tariffs continuing to exist. The other countries are doing it to us, so good for the goose and gander.
peterk123
NES Member
India also wants to solidify good vibes with Trump/USA in case pakistan seriously attacks.
Pakistan sided with China already
mibro
NES Member
mibro
NES Member
The last ships from China are arriving now.
"Cargo on ships from China loaded after April 9 will carry with them the 145% tariff President Donald Trump slapped on goods from that nation last month. Next week, those goods will arrive, but there will be fewer ships at sea and they will be carrying less cargo. For many importers, it is too expensive to do business with China.
Yet China is still one of America’s most important trading partners. It’s where we get most of our clothes, footwear, electronics and microchips, which power appliances, thermostats and anything else that beeps.
Businesses are making a difficult choice: Continue selling products from China at more than double their previous prices or stop selling those products altogether. For consumers, that means some products will be hard to find or may be too expensive to buy."
"Cargo on ships from China loaded after April 9 will carry with them the 145% tariff President Donald Trump slapped on goods from that nation last month. Next week, those goods will arrive, but there will be fewer ships at sea and they will be carrying less cargo. For many importers, it is too expensive to do business with China.
Yet China is still one of America’s most important trading partners. It’s where we get most of our clothes, footwear, electronics and microchips, which power appliances, thermostats and anything else that beeps.
Businesses are making a difficult choice: Continue selling products from China at more than double their previous prices or stop selling those products altogether. For consumers, that means some products will be hard to find or may be too expensive to buy."
Rockrivr1
NES Member
Just read that the shipping container companies are shifting containers to other ports where they can be used and away from China and the US. Once the repositioning is done any agreement between the US and China will have delays before containers can be repositioned again. Basically months added.
Buckle up, shortages are going to last for a good long time.
Buckle up, shortages are going to last for a good long time.
So are you saying American consumers need to live with in their budgets now like they did for years before cheap Chinese goods flooded the market?
mibro
NES Member
I'm not saying anything, I'm just reporting the facts.
When you quote another persons view, educated guess or position you are saying it.
Varmint
NES Member
Trump has exempted 35% of Chinese imports from tariffs so the ships arriving could be just exempted products.
People always forget many imports from China are components, not finished products. It will be like Covid when companies couldn’t sell cars cause of missing chips. Most product manufacturing can be halted by a single missing component. The importer of that component may decide to stop shipping since they’re on the hook for the tariff.
Varmint
NES Member
Which might be doable if we hadn’t just gone through Bidenflation. Globalization was awesome for Wall St and big corporate, but the working class saw their wages decimated in purchasing power. Now we’re telling them they’ll have to pay real prices with their fake wages.
What happened during Covid? Did people tighten their belts and live within their means? They didn’t even get a chance cause Washington turned on the money hose and showered everyone with stimulus and payment deferrals.
Even if Trump stays strong this time, Congress won’t.
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Sounds like the UK deal nothing to get excited about. Wish I was as excited about these tariffs as some are here.
The U.K. trade deal screws American consumers
The U.K. trade deal screws American consumers
Shortages of what?
silversquirrel
NES Member
Chinese food
Asaltweapon
NES Member
I’m already suffering from the lack of Chinese food.
Let’s pick something else.
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