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22
Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
When we transitioned to globalism, there was a lot of domestic pain across developed countries. Those of a certain age will remember the mass layoffs in the manufacturing/manual jobs industries as these were offshored and we switched to a service based economy. This is still a developing scenario but perhaps we are seeing the start of a globalism re-set. I believe all will be looking for a negotiated settlement which will water down these tariffs. We will see how things develop. The tariffs are broad but you can see a pattern of heavier tariffs on those whom the White House are not acting in good faith. The US has no responsibility to subsidise other economies. I guess the White House feels that many countries take too much advantage of the status quo whilst engaging in protectionist policies themselves. Closer to home, as I have mentioned elsewhere : 1) Thailand has highly protectionist import and business restrictions. 2) Thailand runs a healthy trade surplus with the US, which the US might accept if it were not for (1) and I speculate particularly (3) 3) Thailand runs an unhealthily large trade deficit with US-nemesis China. Partly as China appears to have been able to side-step point (1). No particular view on whether this is the right approach, I'm just trying to analyse things beyond "Trump is a c*ck" 🙂 -
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
Shifting to where the U.S. does the low value grunt work and China takes over the high value tech and services. -
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I probably should have paid the money.
You said the same thing about me ,BUT continue to reply to every thread ,you love me ,you know that . -
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Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax
So all these nations skipped their classes too then -
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Trump Declares 'Liberation Day' as Sweeping Tariffs Take Effect
There is going to be a lot of boycott "American". -
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