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

[jts-khorat]

6 minutes ago, Yagoda said:

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

 

Our tariffs too high?  Lower yours. Easy.

 

 

 

I think it has been established now that Trump has not calculated tariffs from other countries, but trade deficit.

 

The only way to reduce the trade deficit really fast is to make Americans consume less.

 

I guess his tariffs are doing it, even though I do not imagine that this is really his plan.

 

But as long as you guys are lapping it up, I am actually fine with the US having a much smaller ecological footprint due to everything coming to a standstill over there. Might just be the best thing that has happened to the world, at least in the long run.

[Enoon]

2 hours ago, hotsun said:

Americans will simply not buy products from Thailand. Thai businesses will be forced to either shut down or move to the US

 

Thailand:  "As long as there is rice in the fields, and there are fish in the ponds, everything will be fine"

 

As far as Americans are concerned, used to a life of grotesque over consumption and privilige, it will be a very different matter:

 

"The bigger they are, the harder they fall"

 

 

 

[Yagoda]

1 minute ago, hotsun said:

Im unashamedly pro american. I can see how that would rub many here the wrong way

Yeah especially as they whine and cry about tariffs. Their position: Only we are allowed to tariff. If we want to Tariff your goods 36%, you need to shut up and pay.

 

Not any more: the free ride is over.

[dinsdale]

https://www.moneycontrol.com/us-markets/

[Yagoda]

Just now, Enoon said:

As far as Americans, used to a life of grotesque over consumption and privilige are concerned it will be a very different matter, because:

 

"The bigger they are, the harder they fall"

So as you are wishing for the demise of America, should we view you as an enemy? What little country ya from boychik, Ill write to Don and include your quote and ask him to tariff you guys more.

[Yagoda]

1 minute ago, dinsdale said:

https://www.moneycontrol.com/us-markets/

Looks like we are crashing and burning. The end of the world.

[CharlieH]

Won't bother smaller Thai E-retailers as the diminis agreement is still in place and goods under 800 bucks are still not taxable. Only China and Hong Kong got hit by that one.

[jts-khorat]

6 minutes ago, dinsdale said:

https://www.moneycontrol.com/us-markets/

 

In the chart you have posted, you have the Dow Jones Futures, but Nasdaq and S&P show the closing number of yesterday.

 

But even though you circled it, you do know that, right?

[Yagoda]

9 minutes ago, jts-khorat said:

I think it has been established now that Trump has not calculated tariffs from other countries, but trade deficit.

 

Then its no problem to go to him and say, Don, here ya go, you won, our tariffs are now X%, please lower yours.

 

OK.

 

Lets see who blinks first

[webfact]

[wozzlegummich]

1 minute ago, webfact said:

Canada? Or did I miss something?

[dinga]

2 hours ago, hotsun said:

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

"power of american consumerism"  -  based on PRICE.  Consumers will disappear when employment collapses.  Smoot-Hawley 2.0  -  original was universally

a Great Success  

[dinsdale]

5 minutes ago, jts-khorat said:

 

In the chart you have posted, you have the Dow Jones Futures, but Nasdaq and S&P show the closing number of yesterday.

 

But even though you circled it, you do know that, right?

Yep you're right that's how it closed. Let's see how things look when it opens. Then see what it looks like in the future. My guess is it will go bearish for a while then recover.

[Formaleins]

I just hope Donald will have a lower tariff tax rate for Thai coffee shop owners - We need more and more of them.

[goldenbrwn1]

Yay for Brexit , UK got 10% , EU 20%! Maybe it’s time for Starmer to start advertising the UK to companies in the EU to come to the UK…. But then again that would be a pro British move so not gunna happen 

[BananaGuy]

We may all be familiar with ‘Whitewashing’ and ‘Greenwashing’ and even ‘Sportswashing’.

 

New kid on the block is ‘Sanewashing’ … sad people bending over backwards to try and interpret Trump/Musk behaviour as sane.

 

It isn’t.

 

Respectively they are bestowed  with power and money but neither of those assets vaccinated them against ‘mad’.

 

They are both simply mad.

 

 

[koolkarl]

Try buying a Ford Mustang in Thailand.  I believe a 200% import tax.  Trump needs to up the tariff.

[mikeymike100]

So the old saying......'When America sneezes the rest of the world catches a cold', appears to be true??

[dinsdale]

Just now, koolkarl said:

Try buying a Ford Mustang in Thailand.  I believe a 200% import tax.  Trump needs to up the tariff.

300% I think.

[Lacessit]

1 hour ago, hotsun said:

They will soon find out that being friends with china isnt all its cracked up to be

We have already found out being friends with America is not any better.

[animalmagic]

1 hour ago, Harrisfan said:

Whinge whinge. If Trump cured cancer still whinge.

He's not cured it yet, but he has a plan (some would say it's brilliant), to use bleach and bright lights!

[J Branche]

Not sure where this is going to end up.

 

I believe Trump was attempting to use Tariffs to get countries to the bargaining table.  Ones that didn't want to work a deal he viewed as acceptable would face tariffs.  The countries viewed it that the outrage from its citizens if they accepted a deal like the US has been accepting from other countries for years.

 

Everyone will feel some pain. Countries with stronger economies will probably come out better off in the end.  The challenges that Tariffs place on other countries economies will probably be impactful.  

 

I understand Trump wants to work deals that are advantageous for the US and will accept no less than what he views as a fair deal.

 

If you view someone as having an unfair competitive advantage then you want to level the playing field.  

[Yagoda]

2 minutes ago, Lacessit said:

We have already found out being friends with America is not any better.

But your country will still say how high when we say jump.

[Dibbler]

The only certain result of this is hurting the American consumer, and driving Thai exports to other trading partners. Making Americas Gullible Again!

[Yagoda]

4 minutes ago, J Branche said:

Not sure where this is going to end up.

 

I believe Trump was attempting to use Tariffs to get countries to the bargaining table.  Ones that didn't want to work a deal he viewed as acceptable would face tariffs.  The countries viewed it that the outrage from its citizens if they accepted a deal like the US has been accepting from other countries for years.

 

Everyone will feel some pain. Countries with stronger economies will probably come out better off in the end.  The challenges that Tariffs place on other countries economies will probably be impactful.  

 

I understand Trump wants to work deals that are advantageous for the US and will accept no less than what he views as a fair deal.

 

If you view someone as having an unfair competitive advantage then you want to level the playing field.  

Wow. Quite reasonable for one of these topics.

 

If the Democrats were seeking to expand out industrial base, what would be their main economic tool I wonder (other than print and spend money that ends up in some unknown hole)

[parallelman]

Maybe Thailand will reciprocate by deporting all American expats...care of Aeroflot

[hotchilli]

3 hours ago, webfact said:

Donald Trump has announced retaliatory tariffs on countries with which the U.S. has a trade deficit. The new tariffs, starting at 10%, affect a wide range of countries, with Thailand facing a 36% tariff.

Should've added a zero

[hotchilli]

2 hours ago, hotsun said:

Americans will simply not buy products from Thailand. Thai businesses will be forced to either shut down or move to the US

Or just drop Thai tariffs and the luxury tax

[hotsun]

9 minutes ago, Dibbler said:

The only certain result of this is hurting the American consumer, and driving Thai exports to other trading partners. Making Americas Gullible Again!

Im sure americans are going to be hurting at the higher prices of coconut water

[hotsun]

3 minutes ago, hotchilli said:

Or just drop Thai tariffs and the luxury tax

Im pretty sure they will drop the tariffs. They were unnecessary to begin with