Will tariffs make America great?

Norman Alexander said:
One example: Incorrect. It is a 25% US import tax on goods FROM India, paid by Americans. India faces no (additional) payments at all w.r.t. its exports to the USA.
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It doesn't say India is going to be paying the tariffs, though. It says it faces those tariffs, i.e. India's exports to the US are having those tariffs imposed on them, making them less competitive with US domestic suppliers and suppliers in countries with no, or lesser, tariffs.

I agree it could be clearer on who is paying them but exporters to the US are negatively impacted by the tariffs Trump is imposing, regardless of who is paying them.
 
Pixel42 said:
There's another InDepth article which does make who pays clear.

www.bbc.co.uk

How much cash is the US raising from tariffs?

The US is seeing increased tariffs income, but there are signs of some countries diverting trade elsewhere.
www.bbc.co.uk www.bbc.co.uk
The tariffs themselves are ultimately paid by the US companies that bring goods into the country from abroad.
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Nope, they are ultimately paid by the U.S. consumers that those companies will pass the cost on to.
 
Well exactly. You can't expect the leader of the free world to be able to concentrate for long enough to his job if he knows there are journalists out there who are allowed to write stuff criticizing him. He was elected. They have to respect that and only write good stuff about him.
 
Pixel42 said:
It doesn't say India is going to be paying the tariffs, though. It says it faces those tariffs, i.e. India's exports to the US are having those tariffs imposed on them, making them less competitive with US domestic suppliers and suppliers in countries with no, or lesser, tariffs.

I agree it could be clearer on who is paying them but exporters to the US are negatively impacted by the tariffs Trump is imposing, regardless of who is paying them.
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I get it, but it's other way round. The USA is making the price paid to import the goods from India more expensive by and for itself, by adding a local sales tax if you like. India makes no extra profit or loss as a result of US tariffs. And if the businesses of the USA decides to buy less product as a result, India will have more to sell to some other country...probably at a cheaper price than US businesses are forced to pay. The USA is not their only customer.
 
Jack by the hedge said:
Well exactly. You can't expect the leader of the free world to be able to concentrate for long enough to his job if he knows there are journalists out there who are allowed to write stuff criticizing him. He was elected. They have to respect that and only write good stuff about him.
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They have to write what he says about him.
 
Andy_Ross said:
CNN: An auto parts maker in Detroit just had to layoff 100 workers and shut down a warehouse. The owner specifically blamed tariffs.

STEPHEN MIRAN: It's always convenient to blame political changes when your business fails

https://twitter.com/x/status/1951281122282754342
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To be fair, if there's one thing the head of the current administration actually knows a lot about, it's blaming others for his business failures.
 
Well, I guess if you fire everyone who tells you your financial 'strategy' is an utter disaster and just replace them with sycophants then the Tariffs will work greatly or even the bestest of all things ever.
 
Lukraak_Sisser said:
Yeah, to me that deal reads US customers get to pay 15% more on things not produced in the US, the EU promises no tariffs on things most Europeans won't buy, like US cars or 'food' and the EU will nicely ask if giant energy corporations will please buy more US oil and gas. Greatness achieved
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The whole tarrifs deal also shows a fundamental misunderstanding how the EU protects its markets, which is through standards, not tarrifs. If US companies are unwilling to up their standards to EU levels (and many are not) then they're not selling. Plus you've got the fact that the member states have all got to ratify the deal, which is looking increasingly a dodgy position.

Now, that being said, I'm not giving the commision too much credit here, because thry caved almost immediately. They had a number of trump cards to play in negotiations, especially in the area of financial services, which weren't even brought up. This is simply a bad deal that doesn't look to have the scope to do much harm.
 
Quite seriously why would any country put any kind of real effort into negotiating any kind of tariff (or indeed any kind of) deal with the USA, the USA is not a reliable country, any deal at any time is down to the whims of their mentally ill president? To use a USA expression blow some smoke up his speaking orifice and batten down the hatches for the next three and a half years.
 
Darat said:
Quite seriously why would any country put any kind of real effort into negotiating any kind of tariff (or indeed any kind of) deal with the USA, the USA is not a reliable country, any deal at any time is down to the whims of their mentally ill president? To use a USA expression blow some smoke up his speaking orifice and batten down the hatches for the next three and a half years.
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Trump i breaks any deal the moment he thinks he can get an advantage. Always has, always will.
 
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