Trump Starts Global Tariff Wall, Thailand Hit with 36% Tax

[Jingthing]

Worse than the worse case scenario.

 

 

[wozzlegummich]

1 minute ago, hotsun said:

The US can survive worldwide recession. The rest of the world, not so sure..

Sorry - you are WRONG. US could not survive with their debt.

[jts-khorat]

2 minutes ago, hotsun said:

The US can survive worldwide recession. The rest of the world, not so sure..

 

Now you Trump supporters talk about "survival". Really, that is what you wanted, to barely survive a world-wide crisis of your won creation?

 

You are more happy to experience self-inflicted pain than I thought.

 

I guess you guys will also be happy to work until your last day for a dollar a day in a sweatshop factory relocated from Bangladesh, just to make Trump happy.

 

You truly are weird and funny folk!

[hotsun]

Just now, jts-khorat said:

 

Now you Trump supporters talk about "survival". Really, that is what you wanted, to barely survive a world-wide crisis of your won creation?

 

You are more happy to experience self-inflicted pain than I thought.

 

I guess you guys will also be happy to work until your last day for a dollar a day in a sweatshop factory relocated from Bangladesh, just to make Trump happy.

 

You truly are weird and funny folk!

Means nothing to me coming from someone with the syndrome

[Jingthing]

Just now, jts-khorat said:

 

Now you Trump supporters talk about "survival". Really, that is what you wanted, to barely survive a world-wide crisis of your won creation?

 

You are more happy to experience self-inflicted pain than I thought.

 

I guess you guys will also be happy to work until your last day for a dollar a day in a sweatshop factory relocated from Bangladesh, just to make Trump happy.

 

You truly are weird and funny folk!

What's even worse, for the maga cult, it's not about sacrificing for patriotism or the nation, it's about blind worship of their demi-god Daddy Trump. 

[wozzlegummich]

1 minute ago, hotsun said:

Means nothing to me coming from someone with the syndrome

Better than TRUMP SYNDROME

[Jingthing]

1 minute ago, hotsun said:

Means nothing to me coming from someone with the syndrome

Toddler level debate tactics. 

[Harrisfan]

Looks a great opportunity to me

[Presnock]

IMHO as a novice in world trade affairs, what this seems to be to me is a shot in the arm so to speak for the BRICS countries.  This will probably change some minds on whether to join the BRICS  permanently or to continue waiting for BRICS to strengthen.  Just my opinion but I really don't think ANY country will ever trust America until all Trumpers are out of politics in the US.   Even then, with their "new" trading partners, they will probably hesitate for years to see if the US can ever be trusted again.

[wozzlegummich]

Looks like the stock market is already in free-fall. Hang on, the ride will be rough.

[Jingthing]

Remember the incredibly great economy Trump took over from Biden.

Good growth. Low unemployment, Low inflation. Booming stock market.

If Trump had simply just gone golfing we would be in much better shape now. 

[Jingthing]

1 minute ago, wozzlegummich said:

Looks like the stock market is already in free-fall. Hang on, the ride will be rough.

Recession for sure. Depression / Stagflation? Could happen. Thank you maga!

[hotsun]

3 minutes ago, wozzlegummich said:

Looks like the stock market is already in free-fall. Hang on, the ride will be rough.

You must be new. The tariffs have already been priced in

[Harrisfan]

1 minute ago, Jingthing said:

Recession for sure. Depression / Stagflation? Could happen. Thank you maga!

Lets hope so. Awesome.

[Harrisfan]

3 minutes ago, Jingthing said:

Remember the incredibly great economy Trump took over from Biden.

Good growth. Low unemployment, Low inflation. Booming stock market.

If Trump had simply just gone golfing we would be in much better shape now. 

Low inflation? Worst since Carter 

[bamnutsak]

What is the current, pre-Liberation Day, tariff on Thai exports to the U.S.?

 

Is this 36% universal? Meaning on everything?

 

Is this 36% in addition to any existing tariffs?

 

 

[jts-khorat]

1 minute ago, bamnutsak said:

What is the current, pre-Liberation Day, tariff on Thai exports to the U.S.?

 

Is this 36% universal? Meaning on everything?

 

Is this 36% in addition to any existing tariffs?

 

According to the Bangkok Post, the true numbers are as follows:

 

Quote

Thailand is on the "Dirty 15" list of countries that could be affected by Trump tariffs. On average, the US tariff on Thai imports is 2%, while Thailand levies an average tariff of 8% on American products.

 

But, as nobody knows how Trump got to his fantasy numbers, rebutting them is even more difficult, because you are not seeing a rational actor, but a destructionist.

[SHA 2 BKK]

32 minutes ago, hotsun said:

Australians should be more upset with their own government considering none of them can buy a house anymore

I disagree.  Both my daughters just purchased new houses.  First time home buyers and before they turned 30.    My parents downsized and got a brand new house with money in the bank.  
 

Interest rates are historically low.  
 

However I must add in all the above cases they didn’t overspend on some “McMansion” and they all live in regional Australia not one of the Capital Cities that has seen a growth in land prices similar to central Bangkok.  
 

They all have good paying jobs, free medical care and my daughters now have wonder kids to raise.  
 

The moral of the story is if you don’t want to live in the Capital Cities and enjoy the delights of regional Australia like camping, fishing and crabbing, housing is very affordable.   
 

The market decides housing prices - not the Government.   BTW my dear old Aunt didn’t mind the increase in property values.  The house she grew up in, raised a family of 7 kids and has now sold to fund her stay at a retirement village added great value to her family even though it was hand built by her father 80 years ago.  

[Presnock]

1 hour ago, hotsun said:

Thailand will probably drop their tariffs once they feel the pain. Everything they do is a kneejerk reaction. They probably dont even understand why they have 90% tarriffs on the US

With China IMHO, any trade deal they make with Thailand will result in the same manner, Thailand will be inundated with cheap, poor quality merchandise and will in turn send no extra merchandise to China at competitive costs.  We that have been here for any length of time have seen exactly that many times yet the Thai leaders with Chinese ancestors always seem to be willing to sign up to poor trade agreements for the Thais and usually within a short period of time there are complaints from the competing local merchants and arrests of Chinese owned businesses doing unfair pratices.  This whole scheme of Trump has already affected the value of the dollar and unless the Thai baht is weakened, anyone getting dollars for baht will lose out IMHO.

[JoePai]

1 hour ago, hotsun said:

You people vastly underestimate the power of american consumerism. Thailand is toast

555 you live in a dream world

[jts-khorat]

5 minutes ago, hotsun said:

You must be new. The tariffs have already been priced in

 

Stock futures are in freefall, Dow currently down 2.7%, S&P500 3.9%, Nasdaq 4.7%, all falling fast.

 

Tomorrow will be a bloodbath.

 

https://edition.cnn.com/2025/04/02/business/us-stock-market/index.html

[TheAppletons]

1 hour ago, jts-khorat said:

 

Is it true though, that Thailand has an average tariff of 90% or even just 72% on US goods? I call bullsh*t.

 

Wherever Trump has the numbers from, I could not find a single statistic that comes even close to those numbers. So maybe it would be nice if one of his followers could enlighten us with such a source?

 

This is what the Bangkok Post had to say: https://www.bangkokpost.com/business/general/2993202/us-tariffs-expected-to-dent-thai-gdp

 

 

 

  

  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.

[Harrisfan]

1 minute ago, jts-khorat said:

 

Stock futures are in freefall, Dow currently down 2.7%, S&P500 3.9%, Nasdaq 4.7%, all falling fast.

 

Tomorrow will be a bloodbath.

 

https://edition.cnn.com/2025/04/02/business/us-stock-market/index.html

Dow futures only down 2% now.

[Yagoda]

Four pages of screaming over the fact that we dont want to be ripped off. 

 

Our tariffs too high?  Lower yours. Easy.

 

 

[Presnock]

57 minutes ago, Harrisfan said:

Trump said 12 months ago he would use tariffs.

But he also made many ridiculous promises which the Magaites and others bought too and many voted for Trump because of his opponent - fair since that was how Trump won the first time around.  The Dems were so $#%#$%ing stupid as to put Harris on the ballot.  Now, there will not be a seeable solution until 2028 IMO.  

[rimmae2]

 

Where is USA on this list? Does the average or any American have the mentality to sit making shirts all day as people in Bangladesh, Cambodia, Vietnam, etc do? How many years does it take to train people for skilled jobs, who will invest in new businesses, innovation when people don't know how long the trade war will last and what the impact will be?

 

More damage to the world and any American who can see past the end of his Trump nose in the last 3 months compared to any 3 month period since the end of WW II.

 

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.theglobaleconomy.com/rankings/Share_of_manufacturing/&ved=2ahUKEwjTlZv7zrqMAxXFS2cHHdwFGvgQFnoECBYQAQ&usg=AOvVaw2rOvEVIHBW-lGPl9TlY165

[Presnock]

53 minutes ago, steven100 said:

Ya gotta love Trump with his wacky ideas .......    if anyone can stuff up a good relationship it's him  

 

how did all his Trump businesses go ?      oh' never mind .....  

this is an easy and short answer for all of them "failure".

[hotsun]

1 minute ago, Presnock said:

But he also made many ridiculous promises which the Magaites and others bought too and many voted for Trump because of his opponent - fair since that was how Trump won the first time around.  The Dems were so $#%#$%ing stupid as to put Harris on the ballot.  Now, there will not be a seeable solution until 2028 IMO.  

Trump could put 100% tariffs on everyone and democrats will still always be the lesser choice

[Harrisfan]

2 minutes ago, hotsun said:

Trump could put 100% tariffs on everyone and democrats will still always be the lesser choice

500% be better

[Presnock]

43 minutes ago, jts-khorat said:

 

This might even be worse than keeping to the crazy tariffs.

 

Imagine you are a multinational company, maybe a large car manufacturer.

 

You start the horrendous investment to relocate a car factory from the Thai Eastern Seaboard to the US, start building, start hiring.

 

Then, from one minute to the next, the tariffs are gone again. You are out of pocket by the billions of dollars.

 

The time frames needed to make a policy like that of Trump work is counted in years, maybe decades. A guy changing his opinion with every social media post he makes will simply wreck everything, because nobody can trust his word.

Yeah heard one analyst estimate that it will probably take a decade for all to settle down and the US consumer (if still around at all) can then begin to "reap the rewards" in any from the Trump tariff scheme!  He inherits a basically booming economy compared to much of the world, and immediately has destroyed that plus all the retirement funds people had been basing them on their 501 market funds.   Sad for those folks because at the rate thngs are trending in the US today, Social Security may just fold too!  I sure hope I am wrong.