More than 50 countries have reached out to the President to begin tariff negotiations

[putnam6]

"I find it hilarious that one would let other people's thoughts on any subject, they don't even know, upset them. "

Errrrm....Do you have a mirror in your house, flat, caravan or static home or whatever?

 Honestly?

My abundant use of laughing GIFs should have been your first clue, Sherlock.

Not to mention, didn't you admonish me in another thread to be "serious"? 

This is as much entertainment as educational, so no, I'm not angry, concerned, or worried at all. 

Unfortunately, in this thread, the educational is hit or miss, and the entertaining is non-existent, but it's tariffs, FFS, it's a boring AF subject to begin with, but it's being talked to death because it's Trump's idea.

Here are a few more words for the day 

China quietly exempts about a quarter of US imports from tariffs
https://www.straitstimes.com/business/ch...om-tariffs

[UltraBudgie]

it's tariffs, FFS, it's a boring AF subject 

That's okay, sometimes a boring thread is better than "exciting" threads.

On the issue of "are tariffs taxes", that's interesting. It depends on the fungibility of the goods, right? Like how much other markets can supply them competitively, with tariffs "weighing the scales" a bit. Like, if India can step up an compete with China on say textiles, if they have a more favourable trade deal. Or even domestic manufacture. If so, then the supply-demand-price dynamic is in effect, and the consumer impact is "not so bad". But if there's no alternative market source, then yes, the price increase finds its way back to the consumer. This seems to be the case with say rare earth elements, which perhaps is why there's been a "push" (ahem) to open those markets to competing sources.

[putnam6]

So, who do you think actually ends up paying these tariffs?

You claim to have some kind of import business.

So, that would be you.  Not China?

And your customers?

If you still have any?

Well Barrister,



It kind of hurts you attacking my credibility and integrity instead of just my opinions.

Ive mentioned many times here and on ATS my lowly job title description and how I arrived at my opinions

Generally, this is temporary; these are just negotiations, negotiations happen within sectors and industry suppliers, and the American importers all the time. 

And all of a sudden, a quarter of our exports have no tariffs, guess what happens next, now look for reciprocal reductions on our imports from China, and it will go back and forth till most sectors are covered 

https://www.straitstimes.com/business/ch...om-tariffs

 BEIJING – China has quietly started to exempt some US goods from tariffs that likely cover around US$40 billion (S$51.9 billion) worth of imports, in what looks like an effort to soften the blow of the trade war on its own economy.
A list of exempted US products covering 131 items such as pharmaceuticals and industrial chemicals has been circulating among traders and businesses over the past week. Some of these products were previously reported by Bloomberg.
It is unclear where the list came from and it has not been officially confirmed, but at least half a dozen companies in China have been able to bring in goods from the list without paying tariffs, according to people familiar with the matter, who asked not to be identified discussing confidential information.

As for the business, we've cut back to the bone, it survived COVID and various other challenges just these last 5-10 years; we are currently on our 4th rebuild in 40-plus years. Ive been completely honest, the tariffs hit us hard already, but it's nowhere near critical till after July in my claimed industry

FFS

[SomeStupidName]

Well Barrister,

[Image: https://denyignorance.com/uploader/image...935502.gif]

It kind of hurts you attacking my credibility and integrity instead of just my opinions.

Ive mentioned many times here and on ATS my lowly job title description and how I arrived at my opinions

Generally, this is temporary; these are just negotiations, negotiations happen within sectors and industry suppliers, and the American importers all the time. 

And all of a sudden, a quarter of our exports have no tariffs, guess what happens next, now look for reciprocal reductions on our imports from China, and it will go back and forth till most sectors are covered 

https://www.straitstimes.com/business/ch...om-tariffs

As for the business, we've cut back to the bone, it survived COVID and various other challenges just these last 5-10 years; we are currently on our 4th rebuild in 40-plus years. Ive been completely honest, the tariffs hit us hard already, but it's nowhere near critical till after July in my claimed industry

FFS

45 stars 34 flags

I agree July is going to be interesting, If the fed drops the rates and the trade deals are mostly done before then it could be incredible.

[CriticalStinker]

45 stars 34 flags

I agree July is going to be interesting, If the fed drops the rates and the trade deals are mostly done before then it could be incredible.

Rates can’t drop.

in the past, we’ve been able to drop rates because even in global troubles, nations and investors sought safety in US bonds.

Some theory floated about the US tariff policy was to shock the global markets, and force US interest rates down so we could effectively refi federal debt. What some failed to realize was in past financial crisis, the problem was global and people sought refuge in treasury bonds. But if we wage trade war against the world, some entities might sell bonds. So we don’t have the same flexibility to lower interest rates if there isn’t the same buy pressure against US debt.

Fractional reserve monetary policy means banks can loan out 10x from what is in their control. That’s all inflationary just like printing or quantitative easing. None of this is new, and presidents have tried to game the system to make their economies look good. That’s why we’re at where we are.

[CriticalStinker]

45 stars 34 flags

I agree July is going to be interesting, If the fed drops the rates and the trade deals are mostly done before then it could be incredible.

Rates can’t drop.

in the past, we’ve been able to drop rates because even in global troubles, nations and investors sought safety in US bonds.

Some theory floated about the US tariff policy was to shock the global markets, and force US interest rates down so we could effectively refi federal debt. What some failed to realize was in past financial crisis, the problem was global and people sought refuge in treasury bonds. But if we wage trade war against the world, some entities might sell bonds. So we don’t have the same flexibility to lower interest rates if there isn’t the same buy pressure against US debt.

Fractional reserve monetary policy means banks can loan out 10x from what is in their control. That’s all inflationary just like printing or quantitative easing. None of this is new, and presidents have tried to game the system to make their economies look good. That’s why we’re at where we are.

[putnam6]

Rates can’t drop.

in the past, we’ve been able to drop rates because even in global troubles, nations and investors sought safety in US bonds.

Some theory floated about the US tariff policy was to shock the global markets, and force US interest rates down so we could effectively refi federal debt. What some failed to realize was in past financial crisis, the problem was global and people sought refuge in treasury bonds. But if we wage trade war against the world, some entities might sell bonds. So we don’t have the same flexibility to lower interest rates if there isn’t the same buy pressure against US debt.

Fractional reserve monetary policy means banks can loan out 10x from what is in their control. That’s all inflationary just like printing or quantitative easing. None of this is new, and presidents have tried to game the system to make their economies look good. That’s why we’re at where we are.

I do not know, Im not pretending to know, just asking questions... just making statements Ive heard elsewhere and want to get Di's thoughts.

First of all, the talk about rates dropping was when everyone was getting a bit "yippy". Now, all that needs to happen is for China, Europe, and a few other countries to get trade agreements finalized, and we will be fine. Regardless of whether they lower rates or not

Japan has loads of US Treasury Bonds, a trillion? So does the Middle East. So far no indication that countries are going to sell their US Treasury bonds, BEYOND a few independent moves.

ie, the Bond market isn't going to crash

default MSM and leftist Social Media equation..

If Trump does X = worst case scenario 

Short-term volitility was expected, hell, some say, necessary.

We are getting hammered a bit, some are concerned LOL and some will freak out. 

But it's not my first roller coaster ride, I can easily wait till the end of June 

But here's Bessent discussing Trump's tariffs etc, and explaining the method to thier madness. He is dry and boring, but is he wrong

He mentioned the IP angle in discussions with China. Bessent said, "We don't have a revenue problem, we have a spending problem."
says he is looking forward to finding bipartisan resolutions

[pianopraze]

Tariff is basically a use tax.

if he’s going to vastly increase the use tax and cut the income tax that’s ok.

but right now we have the worst of both worlds. 

we have income tax and use tax, this is unsustainable. hope he gets this crap sorted fast. Midterms fast approaching he needs to get rid of income tax now if he is going to do it otherwise we are screwed.

[Oldcarpy2]

Meanwhile, the UK and India have agreed a new trade deal:

BBC News - UK and India agree trade deal after three years of talks - BBC Newshttps://www.bbc.co.uk/news/articles/c5y6y90e5vzo

[Oldcarpy2]

Meanwhile, the UK and India have agreed a new trade deal

BBC News - UK and India agree trade deal after three years of talks - BBC News
https://www.bbc.co.uk/news/articles/c5y6y90e5vzo

(Link didn't work).