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

[Pekaer]

2 hours ago, ikke1959 said:

Trump has lost his mind, but we knew it already and still the Americans elected him. Now they have senile man in power that will destroy much more than can be built up worldwide... Anyway America will loose in the end 

The theory often looks different than the reality, nor? Haven’t the big American companies moved their productions out of the country years ago, due to the greed they have/ had? They all follow the caravan of low cost production tourism not always leaving fair circumstances behind. The tremendous change that Donald might have in mind, will take years, even the outcome remains unsure. Even consider the previous chip industry in America, which had the huge pressure of developing and manufacturing double speed chips by halving the price every couple of years led to the painful export of the entire industry to far east where skills and willingness was available. As the results of manufacturing high end products with even these chips brought enough money back in the pockets of these companies. That’s win win for both sides, nor?

 

I feel very sorry for the people in America, who’s life wasn’t already easy. Their uncertainties become even worse. We Europeans love(d) the trust we have in reliable social securities (especially in healthcare and old-age pensions), even they are not always well balanced anymore after other nations need to flee from their countries. But that is another story…

 

Anyway, I loved to see the calculations from Donald. I’m afraid he is punching in every other nations stomach, well knowing nobody is able to valuate and prove within shortest time. Isn’t the world receiving paid services from all the American tech companies worth multi billons of dollars that are almost excluded from any tax systems?

[CallumWK]

3 minutes ago, frank83628 said:

What exactly do the US consumers buy?

Rice & chilli sauce?

 

 

Another evidence that maga cult boys have no idea what they are talking about.

Those 2 items you mention will actually account for the smallest part of the deficit, but there are a lot of other things which the Americans have no own source for.

 

Better you educate yourself before opening your gob

[Peterw42]

5 minutes ago, frank83628 said:

What exactly do the US consumers buy?

Rice & chilli sauce?

 

Hard drives, 99% of hardrives in the US come from Thailand.

[rimmae2]

21 minutes ago, WDSmart said:

And, Thailand is not "Hit with 36% Tax." Tariffs are paid by the country imposing them, so actually, "US Citizens Are Hit with a 36% Tax" for items they import from Thailand. 

Demand is there, but price is too high...no worries I'll ask Elon to open mutiple factories manufacturing products with no skilled labour available tomorrow and you know the guy is a genius he will do it.

I want an American made shirt from my local shop in CA; owner says we cannot compete on price or quality. People born in USA don't want to make shirts all day or read they don't have the patience, skill, etc and salary is too low. Elon - import some Cambodians and make sure they pay their taxes. 

[animalmagic]

9 minutes ago, Thaindrew said:

so if all imports ceased tomorrow from all countries, America would be immediately self sufficient?

There is more chance of them becoming self aware!

[Pekaer]

2 minutes ago, Chosenfew said:

IMO Thailand has not really any own products, they finally have the cheaper manufacturing sites to manufacture them for foreign companies, nor?

[frank83628]

, 

7 minutes ago, Presnock said:

I realize that Trump is acting as if he is already a King of the country but Congress can still affect a lot of what he continues to do as almost all of it is illegal according to the constitution and I think that now Congress sees the demonstrations throughout the country and even congress people are waking up to a possible being able to contol some things.  Who knows...not me for sure!

Some protests and arson attacks at Tesla dealers by the extreme left are not exactly representing the whole country.

Millions marching together against a war is.

[SLOWHAND225]

5 minutes ago, jonclark said:

 

If I am making stuff up then it appears I am in the good company of Vance, Trump and Pete  Hogwash then aren't I? 

 

America is already running to Ukraine for its rare earths as it needs them. 

 

When you say 'we're going to have to pay the price and most are willing to do that ... I assume that you are talking exclusively about Americans as the rest of us as we sure as hell didn't agree to anything like that and Amercia can take a long walk off a short pier if they think the rest of the world will comply with Trumps demand to Make America Great Again at their expense. 

 

 

So I was correct, no American has ever told you that. Noted
Why would I be talking about anyone else ? America is going to finally put America first. The rest can fend for themselves.
Nobody has demanded a single thing from you.

America is hardly running to Ukraine for anything. Its called negotiations, happens all the time and we have many options for minerals that we need. That also can be obtained by (wait for it) NEGOTIATIONS !  Negotiations are really simple to follow, we each have something the other wants. But you know all of that already.

[ChrisKC]

3 hours ago, Harrisfan said:

Whinge whinge. If Trump cured cancer still whinge.

Trump IS the cancer!

 

There is no cure until the Justice Matters Dept gets its act together and shoves him into prison where he should have been years ago!

[JAG]

3 hours ago, hotsun said:

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

 

Consumers queuing to withdraw deposits...

[Lacessit]

1 hour 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.  

The US has a positive trade balance with Australia. We are being slugged with tariffs anyway, in breach of free trade agreements.

 

It is not about leveling the playing field. It's about tilting it in America's favor.

[KhunBENQ]

11 minutes ago, frank83628 said:

What exactly do the US consumers buy?

Rice & chilli sauce?

 

Shows how clueless you are.

https://tradingeconomics.com/thailand/exports/united-states

[watchcat]

3 hours ago, hotsun said:

forced to either shut down or move to the US

 

Or more likely to China

[wwest5829]

Wow! How amazing, all those years of the poor USA being “ripped off” by all those other countries “taking  advantage” of the USA through Republican and Democrat Administrations and how many elected members of representative bodies. But, along comes Trump and he, and only he, is smart enough to Dec are unilaterally that there is an economic emergency giving him greater Presidential powers to declare the need to raise these tariffs. The wealthiest country on the globe after decades of being financially taken advantage of … wait, what?! And Americans are silent in allowing this … if not they would be in the streets. OK, OK, being slow on the draw concerning international affairs, they will not react until they personally feel the pain. If you voted for Trumpband his Project 2025 ilk, the results are entirely your responsibility.

[Rimbuman]

Quite understandable, see for example the price that you pay for a Ford Ranger in the USA, compared to the price that you pay for the same car in Thailand.

Double >++

So 49% doesn't seem that excessive, if it's similar with other imported goods.

It just seems that Thailand already had tariffs in place for a long time but hasn't talked about or hasn't been in focus of the mainstream media like these new reciprocal tariffs announcements.

[KhunBENQ]

Now I hope Thai government will get their arse in gear and complete the EU FTA.

Time to find other trade partners in a world of 9 billion people.

[JonnyF]

Thailand had this coming for a long time.

 

Exporting to the US at low rates, then applying huge tariffs to US goods. They must have thought the US was stupid.

 

Good to see Trump address the imbalance although I would have liked to see him go further. 

 

Thailand has an easy way out of this, stop taxing US goods at ridiculous rates. Cheap wine, cheap JD, cheap Harley's, cheap Mustangs etc. for us living here in Thailand.

 

Or alternatively Thailand can watch their exports to the US tumble as American consumers buy from elsewhere.  

 

The ball is in Thailand's court. Let's see what they do. 

[hotsun]

1 minute ago, Lacessit said:

The US has a positive trade balance with Australia. We are being slugged with tariffs anyway, in breach of free trade agreements.

 

It is not about leveling the playing field. It's about tilting it in America's favor.

Is that why trump is only charging half the price that other countries are doing to the US? Seems like hes being generous

[WDSmart]

7 minutes ago, rimmae2 said:

Demand is there, but price is too high...no worries I'll ask Elon to open mutiple factories manufacturing products with no skilled labour available tomorrow and you know the guy is a genius he will do it.

I want an American made shirt from my local shop in CA; owner says we cannot compete on price or quality. People born in USA don't want to make shirts all day or read they don't have the patience, skill, etc and salary is too low. Elon - import some Cambodians and make sure they pay their taxes. 

...or, we could just Tear Down the Wall!!!!! 😄 

[Thaindrew]

12 minutes ago, frank83628 said:

What exactly do the US consumers buy?

Rice & chilli sauce?

 

 

Thailand is only part of the story, a small part so whatever, but are there any clothes manufactured in the USA for example? Whilst there are for sure well known US brands they are not made in the USA, many are in Vietnam and have just gone up 46% - happy to pay 46% more for a pair of sneakers? or happy for that sweatshop type production to return to the US and work for a few Dong a day, at current US labour and overhead rates how much would a pair of sneakers go up, 100%, 200% .... ?  

[Lacessit]

1 minute ago, hotsun said:

Is that why trump is only charging half the price that other countries are doing to the US? Seems like hes being generous

Trump and generosity in the same post is an oxymoron.

[wwest5829]

4 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 as history documents, turn to other market development. Wish to investigate a bit? Napoleon cuts off all British trade fro Europe. That will show them! What was the result?

[frank83628]

5 minutes ago, Lacessit said:

The US has a positive trade balance with Australia. We are being slugged with tariffs anyway, in breach of free trade agreements.

 

It is not about leveling the playing field. It's about tilting it in America's favor.

By all accounts the field was tilted away from the US for a long time. Now its levelling out

[BexMan]

This will very likely lead to US price inflation and in turn the Fed will probably raise interest rates. Could be very difficult for the US people as mortgage rates will in turn rise.

[Aussie999]

Mmmm... Will this force the baht down... One can only hope.

[thesetat]

50 minutes ago, Thaindrew said:

 

the only way to really balance it out and compete with production in the USA is if Americans workers work for a Thai or Chinese salary, maybe that is the next plan

Hehe... perhaps it is time to use some of those illegals immigrants as a way to make them legal. Just kidding of course. But they already work for a pittance as illegals

[wwest5829]

4 hours ago, jonclark said:

The good old Trump. Every business he has attempted to run has failed miserably (Trump steaks, Trump University,Trump airlines etc etc). And people think this will Make America Wealthy. Nope America will just be cut out of the supply chain and it's consumers will pay more. Americans think America is too big to fail..well I think Trump with his business acumen will test that theory. Yanks just don't coming running to the rest of the world when it all goes tits up. 

Most certainly the USA is being, “stress tested” on many fronts. That is the reason to have serious doubts it will continue in a recognizable form.

[ujayujay]

DT's economic policy for idi@ts

[jonclark]

7 minutes ago, SLOWHAND225 said:

So I was correct, no American has ever told you that. Noted
Why would I be talking about anyone else ? America is going to finally put America first. The rest can fend for themselves.
Nobody has demanded a single thing from you.

America is hardly running to Ukraine for anything. Its called negotiations, happens all the time and we have many options for minerals that we need. That also can be obtained by (wait for it) NEGOTIATIONS !  Negotiations are really simple to follow, we each have something the other wants. But you know all of that already.

 Note the word 'If' at the start of the sentence as well. I assume you know what if means?? 

 

Let's hope the rest of the countries of the world follows America's choice then and Countries like China, Brazil, etc all put themselves first even if that is to America's detriment. 

 

You could also invade and annex Greenland as well if you want minerals lets not forget that. 

[Thaindrew]

3 minutes ago, hotsun said:

Is that why trump is only charging half the price that other countries are doing to the US? Seems like hes being generous

 thats not actually true, these are additional tariffs on top, so its not half at all, just not presented in full or truthfully - He claims China averages a 67% tariff, that may or may not be true for goods as he is including what he calls non tariff restrictions imposed by other countries so he can use any figure he wants ... Tariff on imported goods from China is now 15% (average from Trump 1.0) + 10% + 10% + 34% = 69% which is higher than the 67% he claims China changes on US imports - now add the extra 25% on steel, stainless steel and aluminium, now thats 92% - is that half?