Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar

[MauiMan]

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar​

https://www.cnn.com/2024/11/30/politics/trump-brics-currency-tariff/index.html

Globalist :

noun

1. a person who advocates the interpretation or planning of economic and foreign policy in relation to events and developments throughout the world.

adjective

1. relating to or advocating the operation or planning of economic and foreign policy on a global basis.

Of course he does.

What a numb nuts!

 

[ClaraD]

We don't, at least not very much. The way those numbers were presented was very misleading. The following tells the more complete story on our egg imports:

U.S. imports of table eggs represent less than 1% of consumption. The United States runs a continual trade surplus in table eggs. Last year (2022), we imported 4.1 million dozen eggs and exported 60.7 million dozen. The reason for so few U.S. imports of table eggs is primarily food and health issues.

Exports In 2022, United States exported $549M in Eggs, making it the 2nd largest exporter of Eggs in the world.

In 2022, United States imported $118M in Eggs, becoming the 13th largest importer of Eggs in the world. At the same year, Eggs was the 855th most imported product in United States.

So while $118 million in imports at face value seems like a large amount, it's less than 1% of the eggs that Americans consume. And we export nearly 5x as many eggs as we import. You were right--Over 99% of our eggs are home-grown.

Except we do. While it’s not a high percentage it is the number I provided

 

[Hello My Son]

Except we do. While it’s not a high percentage it is the number I provided

Except we do what? I never denied that we import eggs. I just provided a more thorough context than you provided, with links. Our imported eggs make up less than 1% of the eggs we consume, which means that over 99% of our eggs come from within the United States. If there's anything incorrect about the facts that I've stated, you're free to challenge them with contrary evidence.

 

[ClaraD]

Except we do what? I never denied that we import eggs. I just provided a more thorough context than you provided, with links. Our imported eggs make up less than 1% of the eggs we consume, which means that over 99% of our eggs come from within the United States. If there's anything incorrect about the facts that I've stated, you're free to challenge them with contrary evidence.

Trouble claimed we don’t import eggs, we do.

 

[acco40]

We already know how acting like a doormat works out. The people gave Trump his MANDATE (I know how much you all live that word) to try things his way. So that is what we are going to do.

You sound like the type of person that promotes feeding three year-olds maple syrup on jelly beans if that’s what they want for dinner.

 

[trouble13]

You sound like the type of person that promotes feeding three year-olds maple syrup on jelly beans if that’s what they want for dinner.

I believe what children eat is up to their parents, not a bunch of busy body progressives who think we all have to conform to their world views because they said so.

 

[Hello My Son]

Trouble claimed we don’t import eggs, we do.

I get that, but the overall discussion was about the consumer costs of tariffs, and the high prices of eggs was referenced as if their costs skyrocketing due to domestic inflation-inducing policies are comparable to cost effects of tariffs. The cost of eggs in the US would not be impacted by tariffs because we are self-sustaining with eggs and don't need to import any. We produce enough eggs to export many more than we import. If tariffs were implemented, we'd just adjust those numbers.

Plus, the eggs we import are only imported on an as-needed basis to address supply gap issues typically related to outbreak recalls.

Complaining about paying higher prices for a homegrown product due to bad domestic policy that created inflation does not contradict the stance of being willing to pay higher prices domestically as a result of foreign policy tariffs that would only be short-term as policies evolve. Tariffs can be reversed quite easily. Inflation and dollar devaluation cannot.

 

[ClaraD]

I get that, but the overall discussion was about the consumer costs of tariffs, and the high prices of eggs was referenced as if their costs skyrocketing due to domestic inflation-inducing policies are comparable to cost effects of tariffs. The cost of eggs in the US would not be impacted by tariffs because we are self-sustaining with eggs and don't need to import any. We produce enough eggs to export many more than we import. If tariffs were implemented, we'd just adjust those numbers.

Plus, the eggs we import are only imported on an as-needed basis to address supply gap issues typically related to outbreak recalls.

Complaining about paying higher prices for a homegrown product due to bad domestic policy that created inflation does not contradict the stance of being willing to pay higher prices domestically as a result of foreign policy tariffs that would only be short-term as policies evolve. Tariffs can be reversed quite easily. Inflation and dollar devaluation cannot.

No, the conversation between him and I, specifically, was as to whether all eggs are domestic or not...and not all of them are locally sourced. There are imported eggs. A tariff will have universal effect. The package that eggs come in is also imported material. Styrofoam is imported to the US and that is the precise packaging that eggs come in...so guess what happens when a tariff is placed on the packaging eggs come in? oh that is right, the price goes up.

 

[Hello My Son]

No, the conversation between him and I, specifically, was as to whether all eggs are domestic or not...and not all of them are locally sourced. There are imported eggs. A tariff will have universal effect. The package that eggs come in is also imported material. Styrofoam is imported to the US and that is the precise packaging that eggs come in...so guess what happens when a tariff is placed on the packaging eggs come in? oh that is right, the price goes up.

All of this happened leading up to the discussion about eggs being imported versus being a domestic product:

tariffs are paid for by us, not by the other country.

I have no problem with paying my fair share

Yet it bothered you what you pay for eggs, yeah bullcrap

Eggs are not imports. They are made in America.

As I said, you were discussing the impact of tariffs on the costs of goods.

Eggs are imported products less than 1% of the time and would therefore not be affected by tariffs.

Trouble said he would gladly pay his fair share for price increases due to tariffs. The price increase for eggs was due to inflation, not tariffs. Trouble is not being hypocritical when complaining about inflation problems while also saying he'd be okay paying higher costs in order to support tariffs. One can simultaneously be against inflation and in favor of tariffs, as the cost increases associated with each are very different.

 

[ClaraD]

All of this happened leading up to the discussion about eggs being imported versus being




As I said, you were discussing the impact of tariffs on the costs of goods.

Eggs are imported products less than 1% of the time and would therefore not be affected by tariffs.

Trouble said he would gladly pay his fair share for price increases due to tariffs. The price increase for eggs was due to inflation, not tariffs. Trouble is not being hypocritical when complaining about inflation problems while also saying he'd be okay paying higher costs in order to support tariffs. One can simultaneously be against inflation and in favor of tariffs, as the cost increases associated with each are very different.

No, egg price increases are directly related to an avian flu that killed a significant number of chickens. That said, you think packaging costs, petroleum costs etc won’t cause eggs to go up?

 

[Hello My Son]

No, egg price increases are directly related to an avian flu that killed a significant number of chickens.

Yes, correct. Which is a domestic issue and not at all related to tariffs.

Egg price increases due to supply shortages/avian flu is under the umbrella of "inflation."

Inflation simply refers to price increases for goods over time in a specific economy. Eggs are a domestic product 99%+ of the time in the US, so the price increases for eggs are due to inflationary reasons, including all the domestic variables related to supply/demand, costs of packaging and delivering eggs, all forms of taxes impacting it, as well as dollar devaluation.

That said, you think packaging costs, petroleum costs etc won’t cause eggs to go up?

Unlikely for four reasons: 1) There's no tariff being placed on OPEC/oil exporting countries that we heavily rely upon, 2) Domestic oil production will undoubtedly be ramped up under Trump's policies, making it less of an import product for the US, 3) Export volumes will definitely be adjusted downward for any product/supply chain issue impacted by tariff policies, thereby mitigating the negative impact of tariffs on domestic costs, and 4) Egg packaging costs, alongside domestic production of eggs, are already 99%+ handled with domestic product.

 

[Michael Cole]

Yes, correct. Which is a domestic issue and not at all related to tariffs.

Egg price increases due to supply shortages/avian flu is under the umbrella of "inflation."

Inflation simply refers to price increases for goods over time in a specific economy. Eggs are a domestic product 99%+ of the time in the US, so the price increases for eggs are due to inflationary reasons, including all the domestic variables related to supply/demand, costs of packaging and delivering eggs, all forms of taxes impacting it, as well as dollar devaluation.



Unlikely for four reasons: 1) There's no tariff being placed on OPEC/oil exporting countries that we heavily rely upon,

2) Domestic oil production will undoubtedly be ramped up under Trump's policies, making it less of an import product for the US,

What makes you think this? Oil companies are free to produce as much as they want now. They're not going to increase production unless there are increased profits. Increased production lowers price. If other oil producing countries cut production, then American companies may increase, but at current levels, production is right where the companies want it to be.

3) Export volumes will definitely be adjusted downward for any product/supply chain issue impacted by tariff policies, thereby mitigating the negative impact of tariffs on domestic costs, and 4) Egg packaging costs, alongside domestic production of eggs, are already 99%+ handled with domestic product.

 

[aociswundumho]

“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER. We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy,”

Can Trump really be this stupid? Let's remember that between him and Harris, he was the smart one. To me, having to choose between these two bozos was unconscionable.

Anyway, the reality is that inflation benefits the government in all kinds of ways. My guess is Trump will spend like a drunken sailor and devalue his beloved dollar.

 

[Hello My Son]

What makes you think this? Oil companies are free to produce as much as they want now. They're not going to increase production unless there are increased profits. Increased production lowers price. If other oil producing countries cut production, then American companies may increase, but at current levels, production is right where the companies want it to be.

The inevitable DJT policies of significant energy industry deregulation. I'm not saying it's a great thing, but he'll definitely do everything to maximize profits for domestic producers.

 

[Michael Cole]

The inevitable DJT policies of significant energy industry deregulation. I'm not saying it's a great thing, but he'll definitely do everything to maximize profits for domestic producers.

What policies? Opening up more federal land? That's the only policy available. Oil companies aren't lacking federal leases. They could produce more oil right now. Additional leases would work in the companies' favor long-term, but the current market can't be altered by the government. Drill drill drill responds to demand only.

 

[Metric Mouse]

Steel tariffs have been around for many many decades as steel is seen as a key industry. Hell there is a reason there basically is only one steel manufacturer in the US and that is still allowed.

Yes, and they're still stupid and still raise prices on Americans.

Tariffs should only really be use in cases of price dumping. They don't really work as a punishment on X nation in the short or medium run, as there are often no others to buy from/ producers and in the case doing protective tariffs to preserve national interest industries...well you get into a situation where those industries are so protected that they don't innovate or even try to become more competitive.

This is basic economics, and yet Biden kept tariffs AND enacted news ones, specifically to "preserve national interests" regarding chip manufacturing and purchasing.

He has the worst takes on such basic economic plans. Thankfully he will not be president much longer.

 

[soap box]

the bulk of our problems is our own greedy politicians fault for putting their wants ahead of the needs of the people they were elected to represent.

The needs of the people. Bookmark my post here: you won't know what a strong economy looks like until trump tanks it.

 

[Hello My Son]

What policies? Opening up more federal land? That's the only policy available. Oil companies aren't lacking federal leases. They could produce more oil right now. Additional leases would work in the companies' favor long-term, but the current market can't be altered by the government. Drill drill drill responds to demand only.

Anything and everything is on the table to continue upping our role in the international oil export game and cutting into other oil exporters market share. It's all about the profit for DJT.

 

[trouble13]

The needs of the people. Bookmark my post here: you won't know what a strong economy looks like until trump tanks it.

How long would I have to wait before you admit you were wrong?

 

[soap box]

How long would I have to wait before you admit you were wrong?

That's why you should bookmark it.

 

[trouble13]

That's why you should bookmark it.

I'm asking you what the window of time is to determine it

 

[Michael Cole]

Anything and everything is on the table to continue upping our role in the international oil export game and cutting into other oil exporters market share. It's all about the profit for DJT.

Opening up federal land won't achieve this. Companies have marketing techniques; government has nothing to do with it. Chevron advertises Techroline. That's how they compete. Simply producing more oil lowers price, which doesn't gain market share.

 

[soap box]

I'm asking you what the window of time is to determine it?

Fine. I'll bookmark it myself and post it to you when it's happened.

 

[trouble13]

Fine. I'll bookmark it myself and post it to you when it's happened.

I won't hold my breath waiting