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TheAppletons

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TheAppletons last won the day on April 20 2015

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  1. Except none of what you state is how they calculated the US "reciprocal tariffs". It had nothing to do with what other countries actually use as tariffs. "To calculate the tariffs it decided to impose on countries around the world, the White House used a formula that focused on trade deficits and total exports. The formula didn’t include an assessment of tariff rates for specific products in individual countries, or take into account other trade barriers that weren’t tariffs. Instead, the reciprocal tariff rate applied to each country was: their trade deficit divided by exports to the U.S., divided by two. If the country has a trade surplus with the U.S., or the number resulting from the above formula was less than 10%, then a flat rate of 10% was applied." and "For example, the U.S. has a $235.6 billion trade deficit with the European Union, which exports a total of $605.8 billion to the U.S. Based on the White House’s formula, $235.6 divided by $605.8 equals 0.388, which divided by half is 0.194. That number gets rounded up to 0.2, which leads to a 20% tariff rate." https://archive.ph/NSn9u#selection-875.0-896.0 (Originally published in Fortune magazine; the link is to a non-paywalled archive of the original article.)
  2. Awwww, that's adorable that you think this tariff fiasco has anything to do with what you wrote.
  3. Well, you're going to LOVE tomorrow then: "U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy. Futures tied to the Dow Jones Industrial Average lost 828 points, or 1.95%. S&P 500 futures dropped 2.68% while Nasdaq-100 futures lost 3.19%." https://www.cnbc.com/2025/04/02/stock-market-today-live-updates-trump-tariffs.html
  4. From the Wall Street Journal: "There will certainly be higher costs for American consumers and businesses. Tariffs are taxes, and when you tax something you get less of it. Car prices will rise by thousands of dollars, including those made in America. Mr. Trump is making a deliberate decision to transfer wealth from consumers to businesses and workers protected from competition behind high tariff walls." and "Over time this will mean the gradual erosion of U.S. competitiveness. Tariffs that blunt competition invite monopoly profits while reducing the need to innovate. This is the story of the American steel and car industries in the 1950s and 1960s before global competition exposed their deficiencies." https://www.wsj.com/opinion/donald-trump-liberation-day-tariffs-protectionism-82d0aa3a
  5. Correct. I should have more accurately stated that the minimum part B payment is $185/month.
  6. "If President Donald Trump maintains the massive tariffs he announced today, his unprecedented trade policies will probably cause both the US and global economies to fall into a recession in 2025, JPMorgan analysts said in a note to investors." and JPMorgan noted that the tariffs would hike taxes on Americans by $660 billion a year, the largest tax increase in recent memory by a longshot. It will cause prices to surge, too, adding 2% to the Consumer Price Index, a measure of US inflation that has struggled to come back down to earth in recent years." https://www.cnn.com/business/live-news/tariffs-trump-news-04-02-25/index.html
  7. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took the trade deficit with that country and divided it by the country's exports to the USA. So there's a $17.9 billion trade deficit with Indonesia. Its exports to the US are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges the US. (The math works for every country, btw.) What extraordinary nonsense this is.
  8. Have you recently turned 65 and are now paying a Medicare part B premium (which is auto-deducted from your monthly Social Security payment)? Medicare part B is $185/month in 2025, I think.
  9. +1. It's not a "change of heart". It's a "you lied to us and now you're trying to screw us over for your benefit" underway.
  10. Although I rarely submit 90 day reports, pretty sure you can still mail it in to avoid the crowds. Also, though I've never been, I understand from reports on here that the drive through lane at CM Immigration is the optimal way to quickly submit your 90 day report in person.
  11. If it's designed similar to the Malaysian DAC, one can file it up to three days in advance. So one would be able to file it day of arrival, day before arrival, or two days prior to arrival day. (The Malaysian system won't allow one, for example, to file a week in advance.)
  12. From what the TRD says, that is not true. You only need to apply for a TIN "within 60 days he derives assessable income." https://www.rd.go.th/english/21987.html
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