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Trump's Tariffs

Trump just imposed 50 Million dollars in new tariffs on Chinese goods, including many consumer electronic items.CHina has promised retaliation. We are now in a full scale trade war.
It will be interesting when that electronic item people are used to pay 10 bucks for now costs 25 bucks...
 
dudalb said:
Trump just imposed 50 Million dollars in new tariffs on Chinese goods, including many consumer electronic items.CHina has promised retaliation. We are now in a full scale trade war.
It will be interesting when that electronic item people are used to pay 10 bucks for now costs 25 bucks...
Click to expand...

There's rumours circulating at the GVRD Amazon building that the Toronto HQ bid has just been elevated in the rankings. Rationale is that Bezos wants to mitigate the Trump randomness and secure an international headquarters in a more stably managed economy.

Feels like something that would provoke Trump to do something unhinged, but in their defense that kinda proves their point.
 
President Trump is apparently upping the ante with an additional $100bn in tariffs on China. This is on top of the $50bn reported a couple of days ago.

US President Donald Trump has instructed officials to consider a further $100bn (£71.3bn) of tariffs against China, in an escalation of a tense trade stand-off.

These would be in addition to the $50bn worth of US tariffs already proposed on hundreds of Chinese imports.
Click to expand...


http://www.bbc.co.uk/news/business-43664243


edited to add.....

It's good that trade wars are a good thing and are easy to win :rolleyes:
 
dudalb said:
Trump just imposed 50 Million dollars in new tariffs on Chinese goods, including many consumer electronic items.CHina has promised retaliation. We are now in a full scale trade war.
It will be interesting when that electronic item people are used to pay 10 bucks for now costs 25 bucks...
Click to expand...
Billion. Or thousand million if you prefer. Or even milliard...
 
Does anyone realise that Trump is mostly trying to get more money for federal expenditures (military, wall, not in healthcare).

Suppose Trump gets it his way and applies a 25% tariff on 200 milliards of foreign goods. The rest of the world replies in kind and do the same. Let's suppose a demand-price elasticity of 1 in the United States and 1.5 in the rest of the world (many more sources to get the goods). That means roughly -all the analysis is rule-of-tumbish- that US imports of those goods would drop to 150 milliards, but Trump gets 37.5 milliards for his coffers (money the Usaian consumer is going to pay). Meanwhile, US exports of those specific goods drop to 125 milliards, and that 75 milliard loss translates in 300,000 jobs lost, directly and indirectly.

That's Donald Trump's brain firing all cylinders.
 
Stock Market goes down 700 points with Trump's threats of another 100 Billion dollar in Tariffs on China.
Man, I can't stand all this winning....
 
Trump should build a wall all around US to prevent goods to come to US then people will have to work to produce these things and it will create jobs.
 
I want to play the other side. Show me where I'm wrong:

1. The status quo of massive trade-deficits with China is untenable in the long-term.

2. Outsourcing our manufacturing sector to a country with a dubious human rights record was morally indefensible.

3. China's theft (or lax attitude regarding theft) of intellectual property costs billions and cannot be tolerated.
 
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