I guess their theory is that China will reduce prices of their products by 145%, so when the importers pay the 145% tariff, there won't be an increase to consumers.
Or, China could just sell their stuff to other countries, leaving the USA SOL.
Everytime he types something about the economy I think every faculty member at Wharton cringes. How the hell does he have a degree from Wharton? He cheated his way in, I wonder if who cheated for him once there will come forward.
"They deserve it"....they is us that is paying it. I cannot believe the lack of intelligence in one of the most respected positions in the world. The morons that keep supporting him are f**king insane for supporting this nut job.
Help me understand this: Is he actually saying the Chinese at 145% tarriffs are going to PAY us 45% of the price of goods to take delivery of those goods ?
A lot of people here in the discussion laughing at Trump and earnestly writing about Chinese policy but don’t realize that ‚eating 130%’ tariffs would mean Chinese producers paying to send goods to America. They would not make profits or even cover expenses at 100% let alone 130% if price is stable.
No, just betting on the idiots in the middle to waffle back and forth like they usually have. This next oscillation may be a little bit more extreme given the economic casualties that tariffs are sure to cause (and unlike COVID, the "it wasn't really his fault" excuse will be less believable).
Same guy who has at least 6 bankruptcies under his belt. He obviously never learned a thing since. His next bankruptcy will be a doozy for the ages. But MAGA will still believe he's the second coming.
Seriously it's the most moronic thing I've ever heard. I'm not sure what's worse, if he believes it, or if he just pretends to. Neither makes any difference as to the profound stupidity of the statement.
So countries are willing to lose money in order to sell products in the U.S.A.? Further proof Trump is not a business man, he is a salesman living off of his daddy's money.
So product that the US importer paid 10.00 FOB Shanghai is now 24.50 with the extra 14.50 going to the US govt. so his theory is that the Chinese company or govt will now pay US govt 14.50 to US so a private company so it can sell the item for 10? Makes sense to an imbecile.
Yes…he’s an idiot, and he’s the most powerful person in the world. An intelligent megalomaniac is horrifying. A truly stupid megalomaniac is much more DANGEROUS!!!
Most Chinese exporters operate on thin margins, often less than 10% of the export price. Absorbing a 145% tariff would mean their costs to access the US market would more than double, turning any previous profit into a significant loss.
Milk is domestic. Think of clothing, teas, tires, batteries, modern electronics from cpus to motherboards, to smart home sensors like door locks, security strips, etc., to light bulbs, household appliances, etc.
If we're "thinking about the children," no bananas, no pineapples (Hawaii cannot supply the entire US. Not even close), no chocolate, no rice (some is grown here, not enough).
There is a lot more produce we don't produce enough of here to feed ourselves.
I understand and my thoughts weren't specifically about what was being imported, but the notion that we should be happy to ration things to our kids and not be outraged. But point well taken.
So, there's a widget that wholesales for $10. There is a tariff of $14.50 on top of it. So, in order to continue to wholesale for $10, the Chinese company would have to give the purchaser $14.50 each. But losing one-and-a-half times the value of each item is ok, because they'll make it up in volume.
I keep oscillating back and forth between "he knows tariffs are paid by Americans and lies to cover that fact" and "he really thinks tariffs are paid by the exporting country's government" and I still cannot decide.
It's a prime example of delusional thinking. Trump has Narcissistic Personality Disorder (NPD) it causes him difficulty seeing the truth about his faux pas, couple that with the sycophants he has surrounded himself with and you can see how got to where we are. He should never have run for office!
He has said over and over how smart Xi is. Apparently he didn't listen to himself. Xi is not stupid enough to eat the tariffs. Xi is already limiting the export of rare earth minerals, which we don't have, and calling in US bonds. He'll have other ways to get back at the US. Trump is truly an idiot.
Well China will not eat the tariffs because they are paid by US importers but XI needs to think about offset the tariffs by a stimulus to his businesses. Or incentives for people to spend more. Otherwise his 5% growth target for 2025 will be endangered.
He really has no idea how tariffs work. Someone told him that the exporter pays the tariffs, and he continues to believe it. He has no idea it’s paid by the importer.
Are metrics available that would show excess demand for Chinese exports? Easy for them to pivot to other markets that had until now been dedicated to the US market.
He says things he knows will make sense to his base - doesn't matter if it's true or not. He knows that China won't absorb the tariffs, he just doesn't care. How his "followers" can't see this is a mystery I'll never understand.
Comments
Just a lovely combo
Or, China could just sell their stuff to other countries, leaving the USA SOL.
I'm pretty sure America and China will both eat less, and America is not accustomed to eating less.
And we won’t be eating these higher sales taxes either.
Trump is so stupid. He did the tariff thing to flex his muscles and bully the world.
So world leaders would beg him. Businesses would cut deals.
He totally misread the World.
Hes gonna have companies endorsing his kingship, and/or cutting him checks, in order to avoid the tariffs
Family: Oh boy, what are we having
Me: A nice steaming hot bowl of tariffs
Family:
I’m going with lying idiot.
His lukewarm voters (a.k.a. "swing voters", a.k.a. "the people who actually decide elections"), on the other hand...
👊🔥🇺🇸
🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅🦅
The fact that no one seems to notice this feels like another nlp/disinfo operation of the transnational corps/oligarchs.
Sounds like another “winner” Trump business plan.
Let's expand on that.
"Maybe your children will get two glasses of milk this month instead of 14 and that milk will cost you a little more."
There is a lot more produce we don't produce enough of here to feed ourselves.
the Global Trading System”.