There will be no more dollar stores by the end of Trump’s presidency. Morally, that’s not bad, but Americans love cheap crap and China is who we rely on for that stuff.
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Trump Suggests Tariffs Could Be Placed on iPhones and Laptops Imported From China
- Thread starter MacRumors
- Start date
- Sort by reaction score
Hold your horses. This is a tactic to bring them to the table to discuss an enforceable treaty on FREE TRADE and FAIR TRADE and PROPERTY RIGHTS, all of which are foreign to socialists, communists, dictators and thieves.
Which of these concepts do you also disagree with, sir?
Just the concept that you think 45 has a tactic.
They are not taking the A380 out of service. They are returning them at the end of their leases.
A380 and Concorde are two different things. One of the reasons the Concorde flopped is that the protectionist (as usual) US government undermined it. Another was the 1973 oil crisis.
The main reason the A380 did not succeed is airline beancounting. Airbus made a mistake in cancelling the A380F. They also messed up the project ballooning its cost and delaying it (which led to the cancellation of A380F orders BTW).
[doublepost=1557191784][/doublepost]
Everybody likes it except Boeing (+ fanboys) and airline accountants.
Last edited:
You might falsely feel he is mental (finger on button and all), but there is a bunch of people in this administration working the issue. Hundreds. You can't tell me hundreds are mental. Frankly especially the President of the United states that ran over TWO kingdoms to win (Clinton, Bush).
In the previous two years we've seen it doesn't matter who is in this administration, 45 will go ahead & do what he wants. Only when those things receive such bad press he can't avoid it, does 45 suddenly realize there are others and they need to do something about it. If they can't, 45 is suddenly willing to accept someone's resignation, because he can't stomach to pretend to be his tv persona and actually fire someone.
Also, I haven't called anyone mental. That's not... cool.
Last edited:
I don't think so (but it's purely a personal opinion, I don't have data to back it up).
My take is that most companies will end up eating the tariff because they have so much profit built into the product that was flowing to the CxO's & shareholders at the company. Profit margins will get impacted, but they will continue to sell at the same price.
And then companies can also find a way to get around tariffs. For example, because there are threats to impose tariffs on cars from Germany, MB has started importing some of their cars from India.
https://www.autoblog.com/2018/09/24/2019-mercedes-benz-glc-imported-india/
If Apple tries to pass on the tariff to the consumer, those that are sensitive (I would guess most) will move to products that did not get impacted by tariffs. And there are choices:
https://www.zdnet.com/pictures/10-best-smartphones-not-made-in-china/
These phones are made in Taiwan, S. Korea, and Japan.
Last edited:
As of now Trump’s trade war with China has the consumers footing the bill for it and the government profiting from it. Reminds me of when Trump said “We are going to build a wall and get Mexico to pay for it”
only now he pretty much said “We are going to start a trade war with China and get everyone who uses anything out of China in the US to pay for it”I can tell you one thing, there is no shortage of dummies in the US
As of now Trump’s trade war with China has the consumers footing the bill for it and the government profiting from it. Reminds me of when Trump said “We are going to build a wall and get Mexico to pay for it”
I can tell you one thing, there is no shortage of dummies in the US
One way or another people will pay for it. It's naive to think that you can get cheap stuff forever with no consequence.
That is true and I agree but punishing your own people and profiting off your own people due to your dispute with another country over whom they do business with and how they conduct their financial transactions. I think there is no shortage of naive people though that can be told half the story to hop on board and believe them
How many people back then believed Bush’s story to invade and attack Iraq?And if you think his idiot nonsense doesn’t impact world financial markets, think again Trump supporters, today his Trade War brought down the Oz Stockmarket, which means I lost money in my superannuation.
Obama won the 2008/2012 popular vote by roughly 8%/5% respectively. Trump lost it by 0.2%, or alternatively you could say he won it by -0.2%. No labels, just numbers. You'll also note that the overall turnout for 2016 was considerably less than the previous two elections, especially among Democrats but also for Republicans. Trump won the Electors due to larger Republican turnout in the mid-west, Texas, and the southern states.
Attachments
Last edited:
He always makes the people pay for his needs. People to him are like sheep
Speaking of consequence... today a 17% "Florida-protective" tariff on tomatoes from Mexico kicks in because the USA has decided to end a prior agreement that suspended the import duty. Kiss cheap ones goodbye in the slow season for Florida produce (October-June) when Mexican tomato prices may rise up to 80% but it may be only a few days to see rises of perhaps 45%: the supermarkets' margins are so low that many have long since resorted to import of Mexican produce all year round.
https://www.bloomberg.com/news/arti...mexican-tomato-pact-could-bring-rising-prices
I guess this is supposed to lock in Florida for Trump in 2020?
Well summer's theoretically coming in now in the Northeast... so head on over to the plant nursery and scarf up some some patio tomato plants before even those end up at gold plated prices.
Speaking of consequence... today a 17% "Florida-protective" tariff on tomatoes from Mexico kicks in because the USA has decided to end a prior agreement that suspended the import duty. Kiss cheap ones goodbye in the slow season for Florida produce (October-June) when Mexican tomato prices may rise up to 80% but it may be only a few days to see rises of perhaps 45%: the supermarkets' margins are so low that many have long since resorted to import of Mexican produce all year round.
https://www.bloomberg.com/news/arti...mexican-tomato-pact-could-bring-rising-prices
I guess this is supposed to lock in Florida for Trump in 2020?
Well summer's theoretically coming in now in the Northeast... so head on over to the plant nursery and scarf up some some patio tomato plants before even those end up at gold plated prices.
In California for example where it does not rain often and water prices are high no one more wants to grow produce out here. Not cost efficient to grow anything in California any more (pot is another story though).
....+ companies, militaries or any country that feels they can get away with it
Now I do agree that these are an issue with China, but the way Trump tries to address is the best way to make sure that China will win this one.
If sales drop in one country for China it is not the end of the world for them. China’s own Domestic market alone is over 4 times of the entire US and then you have the rest of the world they trade with as well. So yes it will have some affect on Chinese Manufacturers and exporters but it is not the end of the world for them. I would bet half the exports can be replaced by exporting from another country. I know of many now that do this so there are ways around this for the Chinese. What will Trump do then..? Will he start imposing tariffs on all other Asian countries as well..? This will not work out as well for Trump and his administration as he thinks it will. There may be some gains but the gains are not really for the American people as you can see since this started he has made American citizens and non-citizens (lol..) in the US pay for this.....+ companies, militaries or any country that feels they can get away with it
Now I do agree that these are an issue with China, but the way Trump tries to address is the best way to make sure that China will win this one.
Not every country does that and the reasons are myriad. Most of all, in an age of global commerce, tariffs are fair game for end runs by competitors. Put them on and watch people find another way to get what they want for a price they find reasonable. Maybe Country B and Country C cut a deal to ditch tariffs on two different things they trade with each other. Meanwhile Country A which laid the tariff on widgets from Country B.... watches Country B export them duty-free to Country A.
Brilliant move, "protective tariffs"...
... all they do they protect manufacturers from making money in free markets. Hello? In an era of global trade, tariff wars are as foolhardy as any other wars -- and just as representative of inadequacy in the arts and sciences of diplomacy. Yeah. Like we really need to be running any more plastics and chemical plants in the USA. Apparently we can't even keep the ones we have left from blowing up now and then.
https://www.chicagotribune.com/subu.../ct-lns-waukegan-explosion-st-0506-story.html
https://www.cnn.com/2018/05/19/us/explosion-plastic-company-texas/index.html
https://www.esquire.com/news-politi...90/texas-deregulation-harvey-chemical-plants/
We should leave well enough alone and let Chinese plant owners take the risks (and increasingly regulate against unsafe practices), and let Chinese workers and make some money making our already expensive enough iPhones and other Apple gear.
Or you know, once we annoy China enough by jacking up tariffs on stuff they now make for us, they could pull up their own drawbridges and trade internally to their own middle class --and with a few special partners abroad-- for the next couple hundred years while we try to remember how to keep the Chem-1 away from the Chem-3 in the back room there, meanwhile waiting for a chance to cut a deal for some Chem-4 we need that only China and Pakistan still even manufacture.
Not that plant explosions don't happen in other countries. They do, and are horrendous. But in countries still doing more heavy manufacturing, they're getting used to applying more regulation. They need to excel in construction and operation of factories that employ workers who without jobs would be back in the agricultural provinces plotting to bring on the next revolution.
Here in the USA we're on a deregulatory tear that threatens to put almost everything that moves on the shop floor or in its innards and store cupboards under the purely profit-minded eyes of management. Apparently we are not learning from disasters in China or Bangladesh where they're now trying to jack up regulation to ward off shoddy construction or unsafe manufacturing conditions.... while we're now going in the other direction.
We'd be better off exporting the rest of our heavy manufacture and focusing on educating a workforce that specializes in design and on providing sophisticated services that underwrite and support technological advances.
And for those who choose not to go to college or don't like working in some annoying open-plan office all day... we could probably use some extra USDA and FDA food production safety inspectors. And we need to pay them more.
This pretty much means if you don't agree to our terms by Thursday the tariffs will kick in on Friday. I don't think the Chinese will like or appreciate this. My bet is no deal by Friday and Americans start paying 15% more on imported goods this Friday if hike goes from 10% to 25%. Between various increases that most Americans faced I would say many Americans between various tax increases probably pay 25% more this year under Trump. Yeah, unemployment numbers are good but let's see how well that holds up when people have less money to spend and start spending less. Meanwhile market is down over 500 points today which is great for bears today
https://www.nytimes.com/2019/05/07/business/china-us-trade-talks-liu-he-.html
"Mr. Lighthizer" said the administration’s current plan, however, was for the tariff increase to take effect at 12:01 a.m. on Friday.
You have people quitting their jobs over this now.
https://thehill.com/homenews/admini...admin-after-their-studies-showed-tariffs-hurt
Economists quit Trump admin after their studies showed tariffs hurt US farmers: report
[doublepost=1557250251][/doublepost]Trump says he likes "Tariffs" and who foots the tariffs bill? Americans do when they buy or import. So basically Trumps like making you pay more or in other words making you pay for his trade war with China. Trade war in reality is half the story though for the real reasons behind all of this. In reality American get punished for this. Think twice when voting next time
https://www.politico.com/story/2019/05/06/grassley-trump-tariffs-1306908
“Haven’t you heard?” Grassley said, quoting Trump: “‘I like tariffs.’”
https://www.nytimes.com/2019/05/07/business/china-us-trade-talks-liu-he-.html
"Mr. Lighthizer" said the administration’s current plan, however, was for the tariff increase to take effect at 12:01 a.m. on Friday.
You have people quitting their jobs over this now.
https://thehill.com/homenews/admini...admin-after-their-studies-showed-tariffs-hurt
Economists quit Trump admin after their studies showed tariffs hurt US farmers: report
[doublepost=1557250251][/doublepost]Trump says he likes "Tariffs" and who foots the tariffs bill? Americans do when they buy or import. So basically Trumps like making you pay more or in other words making you pay for his trade war with China. Trade war in reality is half the story though for the real reasons behind all of this. In reality American get punished for this. Think twice when voting next time
https://www.politico.com/story/2019/05/06/grassley-trump-tariffs-1306908
“Haven’t you heard?” Grassley said, quoting Trump: “‘I like tariffs.’”
Trump is not a free trader. He's a guy who likes tariffs. Not even his party stands with him on that, in fact they're tearing their hair out because he's laying waste to the support of heartland farmers they need in the 2020 elections.
Trump is just a guy who picked up an idea 50 years ago and thinks he can still run with it. He's running on a field with at best a team of maybe one now (Navarro, if he's even still around) who's dumb enough to try to pass that ball labeled "Just lay on tariffs!" in the era of global trade.
Still, many a guy in his admin has discovered that if you try to argue about tariffs with Trump you will lose the argument because he's not listening and can say "Get out of my office" and make it happen when you want to try one more time to reason with him -- even if you bring him one page charts or PICTURES or whatever. His mind is made up about trade. Tariffs. Tariffs.
The only way around his fetish for tariffs is be like his envoy Lighthizer who tries to keep the details off the front page so Trump doesn't realize there are not really any sky high tariffs on the table a day at a time in negotiations the US is actually engaged in.
Even so, stuff gets past the watchdogs. Somehow Trump and probably some golf buddy in Florida got that 17% Mexican tomato tariff suspension agreement erased as of today, so a hundred bucks worth of tomatoes that didn't get over here last night now costs $117. No big deal now but by October tomatoes will cost a consumer 80% more once Florida's major crop season is over.
Cut that in half for wholesale and imagine what it will cost to make pasta sauce from October to June... and how unhappy pasta sauce makers will be considering supermarket margins are tiny and no market wants to handle a price jack from any supplier
So another sector skates away from support of Mr. MAGA Trump.
And the Florida tomato growers are suddenly surprised to realize that guess what, fastest-growing tomato exporters since 2013 were: Azerbaijan (up 281.9%), China (up 157%), Portugal (up 73%), Morocco (up 34.5%) and Netherlands (up 16%). source
Ya think maybe a US produce importer for supermarkets can persuade a Moroccan exporter to undercut a 17% duty on a Mexican tomato and past that come in under the price of one from Florida?
Even 8% is really tiny considering how different the candidates are. If both candidates and their respective parties just said what they believed in, it'd be nowhere near that close, but that's a losing strategy for both. Look at how much each side adjusts: Clinton on gay marriage or all of Trump's flip-flops are good examples. Also, if one party started winning landslides, the other would die, and the remaining would split in two.
Last edited:
I for one think it's great, the extra money goes into the government coffers and government deficits. We all need to pay more taxes.