Trump issues 90 day pause on some tariffs

[TheDoctorWasIn]

Nice emoji in your answer. Quite witty.

Yep. I am quite witty.

That is an advantage that we on left have over you guys.

 

[911Sparky]

I agree allies putting economic pressure on China at the same time would be even more effective.

The problem is, trump has now pissed off any allies who might have assisted us.

 

[anatta]

VAT is paid on all purchases by consumers, including domestically produced, not just American goods.

understood. But from an exporter POV. If I pay a VAT of 19% or a German importer pays the same - the consumer price of my goods is still the same addition? IOW I still have to account for the same price increase to market my goods

 

[marduc]

My guess is that Trump sold before he announced tariffs and bought yesterday, before he announced the 90-day pause. I wish someone would investigate.

Excepting that SCOTUS granted him immunity for executive actions already
An investigation is moot, sadly

 

[j brown's body]

You sound disappointed that scores of countries, all of a sudden, would like to negotiate their tariff situation.

Seems like if the tariffs drioe them to the table, he would keep them up, not abandon them, and keep the pressure on.

BTW, how are those Ukraine War negotiations coming along?

 

[Pyrite]

View attachment 67564655

Waiting for a news source to public an article and then I'll link it here.

So, tariffs get kicked back for another three months, except for reciprocals and China apparently.

EDIT: CNN now reporting: https://www.cnn.com/politics/live-news/trump-tariffs-cnn-town-hall-04-09-25/index.html

Trump caved.

 

[maxparrish]

well if you care to explain how exporting goods to Germany under a 19% VAT is different then exporting to Germany under a 19% tariff
is different, i'll listen

I'll save time. Using a US 30,000-dollar car exported to Germany as an example, a tariff is applied ONLY to the US car. But in theory a VAT tax is applied BOTH to the 30K US car and the 30K German car.

Hence VAT taxes are mostly, but not entirely, a red herring complaint because a disingenuous trick.

Germany (the EU) imposes a "non-member" ten percent tariff on vehicles built outside the EU and the VAT tax actually works this way (using 20 percent VAT for ease of calculation)

German car: 30,000 x 1.2 VAT equals 36,000.
US car: 30,000 + 3,000 tariff equals 33,000 x 1.2 VAT equals 39,600.

The "value of the car" is computed AFTER adding the tariff. Rather underhanded.

 

[j brown's body]

There is still a 53% chance of recession, btw.

 

[marduc]

Trump shook the world's "faith & credit" in the United States.

This is a really big deal.

Like x 100

 

[maxparrish]

There's your exit excuse...

No excuse and no exit. Just an observation.

 

[911Sparky]

BREAKING: One of the countries targeted by Trump's tariffs goes public with confirmation of wanting to negotiate.

 

[PeacefulWarrior]

View attachment 67564655

Waiting for a news source to public an article and then I'll link it here.

So, tariffs get kicked back for another three months, except for reciprocals and China apparently.

EDIT: CNN now reporting: https://www.cnn.com/politics/live-news/trump-tariffs-cnn-town-hall-04-09-25/index.html

Soooo.....does this mean that groceries and rents will start coming down soon? Its gonna be YUGE!

 

[maxparrish]

There is still a 53% chance of recession, btw.

There will be a recession - the Trump blunder made that unavoidable. Besides, supply chains are royally screwed up, no one trusts the US and you can't create suppliers over night. Much of my own interests in solar engineered products (at least the ones that are not crap) depend on Chinese products.

 

[CimpleMan]

Apparently China and Japan selling treasuries was the pressure point.

 

[cpwill]

but that is extremely difficult to do without a multi-lateral agreement..

You mean like some kind of .... trans.... pacific.... partnership...?

 

[PeacefulWarrior]

View attachment 67564656

And trumptards CHEER WILDLY!

 

[marduc]

They'll be fine. We have to stop China from cheating.

So we do this by being a cheat and a bully ourselves? The direct result of that is making the entire world doubt our credibility and dependability.

BRILLIANT!!

 

[MTAtech]

Excepting that SCOTUS granted him immunity for executive actions already
An investigation is moot, sadly

The immunity ruling was for actions associated with his office, not grand larceny.

 

[TangoNoCash]

BREAKING: One of the countries targeted by Trump's tariffs goes public with confirmation of wanting to negotiate.

They look tough. The world has never seen anything like it. They hire the best people. Incredible people. Very tough to make a good deal.

 

[Slavister]

understood. But from an exporter POV. If I pay a VAT of 19% or a German importer pays the same - the consumer price of my goods is still the same addition? IOW I still have to account for the same price increase to market my goods

Say US company makes an item that it sells for $100 in USA. It also sells it for $100 to a company in Germany. German company pays $119 ($100 to USA and $19 for German import VAT). Alternatively, German company could have bought same item from another Germany company for $119 consisting of $100 going to that company and $19 to regular VAT.

So, German import VAT is just leveling the playing field with local VAT. It does NOT disadvantage US companies.

 

[marduc]

The immunity ruling was for actions associated with his office, not grand larceny.

And I wish that I had faith that that distinction would come into play.

The grand larceny was due to actions associated with his office.

 

[Valley Isle Ohana]

So, the reasoning given for pausing the tariffs from Dear Leader….

“Well, I thought that people were jumping a little bit out of line. They were getting yippy, you know, they were getting a little bit yippy, a little bit afraid.”

Boy, it sure must inspire confidence in all those businesses who are scrambling to invest millions and years to move factories back to the U.S. that the entire rationale for them doing so can be swayed by, ‘gee whiz, folks were getting yippy, a little bit afraid‘.

This is exactly why you don’t put serious matters in the hands of the unserious. The man decimates world markets and has no conviction as to what he’s doing at all.

 

[TobyOne]

We at least *probably* found the market bottom. The trend is up from here. Congrats to those who executed the do nothing strategy, more congrats to those who were greedy when others were fearful.

 

[gbg3]

Especially when every other country is looking at the US as the one to be worried about. It is more likely that there will be a multi-lateral agreement forged against the US not China.

You have no idea how this will all play out, but your anti-Trump wishful thinking has taken you over as always.

You might want to give it a minute or two.

 

[gman]

Trump’s patsy’s have set themselves up nicely to take the fall when this whole scenario finally falls completely to shit. The man is a master of deflection and goes to great lengths to deny responsibility. It’s in the works and come to a head soon.