I agree with @OddRails, in that I don't expect manufacturers to suddenly start investing big money in new production facilities. It would be a huge investment, and who knows how long the tariffs might remain in place? We live in a world market in these days and have to recognize that we can't be the sole producer and exporter of goods and services. So as one person stated, I think this is maybe just a huge tax increase on the very people he swore to reduce taxes for. The only positive I see is maybe it will help lower deficits and the national debt, but the negative effect on the economy may offset that as well. One other benefit may be if other countries lower their tariffs on US goods, but they seem to be moving in the opposite direction at this point. I think Mr. Trump wants to use these tariffs as negotiating points, so it remains to be seen what gets negotiated out of all this.
How are Americans supposed to pay the 10% tariff on N3V sales?
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Look at the restrictions Canada places on the importation of cheese from Wisconsin. The last time I looked it was 240%.
But that isn't the real reason for the tariffs on Canada. Canada enjoy special trading privileges under NAFTA. But it allows China to ship Chinese materials to their country where they are repackaged as Canadian exports thereby allowing the Chinese to sidestep the tariffs on China. In Canada, this is done with steel, copper and aluminum. China ships ingots to Canada at below the market value and Canadian rolling mills finish the manufacturing process and ship finished rolls of metal into the USA at a cheaper price than America mills can match.
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norfolksouthern37
what's a normal map?
Imagine that, me being confused by your hypothetical example.
This is picked up by the consumer.
A local Vietnamese restaurant here imports food ingredients from Vietnam. The owner said they have to pass the cost on to their customers because this amounts to a 46% "tax" on the food ingredients.
A local building company that makes houses saw a $200,000 increase in the cost of plywood coming from Canada. These are only a couple of examples. This will likely curb spending for a lot of people and the ROI with the tariffs won't have the expected effect and all they are doing is hurting companies and individuals alike in addition to the penguins who live on the outer islands off of Antartica.
Anyway, every state in the US has to collect a sales tax on internet goods whether it's a purchased software download, or something purchased via Amazon. This tax went in about 7 years ago. We are not required, at least where I live, to claim what I paid in sales tax. That's up to the state to figure out.
What you have described is "Globalisation". It is also the "Free Market". It has given the world lower prices and competition which drives innovation and higher quality.
The alternative is "Protectionism" which, from personal experiences which I described in a post above, means higher prices and stagnation through lack of innovation and competition.
If American mills cannot compete and if they want to survive then they must either innovate or specialise. Add value to their products and/or produce products that the Chinese/Canadians cannot match. This is what Americans have always claimed as a national quality - a "can do" attitude. Throwing up tariffs and other barriers is defeatism and hurts everyone.
marmalade32
Active member
"Those darned penguins, stupid, stupid penguins"
-The man in the house of white, 2025, for a reason we can't explain
I realize that by arguing against the popular political opinions being said here will " suddenly" turn this into a taboo political discussion, but I'll take a chance. Again I don't want to generate animosity with people on this forum that have had good relations with over the years, but it's pretty hard to sit back and read these comments without interjecting .
I agree, and have for years, agreed with what SOS Rubio just stated:
"Rubio, speaking at NATO headquarters in Brussels, made the remark after taking issue with a reporter’s claim that world economies are "crashing" in the wake of these tarrifs"
"We have to be a country to think we're the largest consumer market in the world, and yet the only thing we export is services, and we need to stop that," Rubio said. "We need to get back to a time where we are a country that can make things, and to do that, we have to reset the global order of trade."
"So the president rightly has concluded that the current status of global trade is bad for America and good for a bunch of other people. And he's going to reset it, and he's absolutely right to do it," Rubio added.
There's a lot more , so I'll leave it at that.
I agree, and have for years, agreed with what SOS Rubio just stated:
"Rubio, speaking at NATO headquarters in Brussels, made the remark after taking issue with a reporter’s claim that world economies are "crashing" in the wake of these tarrifs"
"We have to be a country to think we're the largest consumer market in the world, and yet the only thing we export is services, and we need to stop that," Rubio said. "We need to get back to a time where we are a country that can make things, and to do that, we have to reset the global order of trade."
"So the president rightly has concluded that the current status of global trade is bad for America and good for a bunch of other people. And he's going to reset it, and he's absolutely right to do it," Rubio added.
There's a lot more , so I'll leave it at that.
At some point the creditors will want their money back. The US is struggling just to keep up its interest payments (estimated at $881 billion in 2024) on those loans which are mostly in the form of US Treasury Bonds. Those bonds have been purchased by US Government Agencies (Federal Reserve, Social Security Trust, etc), institutional investors (pension funds, corporations, etc), private citizens (US and foreign) and foreign governments.
The largest foreign holders of US Treasury Bonds are China and Japan, two of its biggest economic competitors - let that sink in for a moment! If they, together or individually, decide to dump their bonds as "junk stock" onto the market at a rock bottom price the US dollar will collapse.
johnwhelan
Well-known member
There has been a global sell off of US treasuries by many countries including China, Japan, Norway, Germany and the UK.
Currently people are moving out of the stock market into bonds so the yield has dropped a little. Currently, 2024, it pays 880 billion a year in interest which is more than it spends on the military.
Cheerio John
Well there is one piece of good news from this tariff war, at least for us here in Australia. Fruit and nut growers here will be befitting enormously. We have no tariffs on trade with China.
China has just slapped a 35% reciprocal tariff on almonds from the US. The US produces about 80% of the world's supply of almonds and the tariff has made the US market unaffordable to Chinese importers. They have now switched to Australian producers and, as a result, we have gone from supplying less than 1% of the Chinese almond market to 70%.
Fruit growers here look like they will be following this example.
China has just slapped a 35% reciprocal tariff on almonds from the US. The US produces about 80% of the world's supply of almonds and the tariff has made the US market unaffordable to Chinese importers. They have now switched to Australian producers and, as a result, we have gone from supplying less than 1% of the Chinese almond market to 70%.
Fruit growers here look like they will be following this example.
amigacooke
Well-known member
Got to ask why the Falkland Islands are rated at 42% when the UK is at 10%. Northern Ireland, is it 10% as part of the UK or 20% because it’s still part of the EU single market?
The tariffs are based on the trade deficit with a nation.
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amigacooke
Well-known member
Having surveyed the contents of this thread, the only certainty is it's going to get locked 
The Falkland Islands are a well known exporter of locomotives and rolling stock to the USA, hence the huge (42%) trade imbalance in their favour. That should bring this thread back to a relevant Train issue and should save it from being locked
norfolksouthern37
what's a normal map?
How ironic.
This thread won't last long. Not sure if it is a good or bad thing considering the question that started it.
I posted earlier on the screenshots competition thread that my screen shot posting was taken down last night. ......not just the picture, but the whole post, which I couldn't delete myself if I wanted to. No explanation given. Only reason I'm posting here is because everyone seems to be over here on this thread enjoying the picnic.
Much different dynamic in current times than it was almost a hundred years ago. The last administration incompetence and corruption did much to help escalate the situation we are in now. One thing I do know about the global press is that it is very biased against the US GOP party so I don't blame anyone for their negative views about what's going on politically in the US.
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