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

[Gknrd]

2 minutes ago, kimothai said:

Yeah, you just mention Trump or Musk and lefty heads explode. I'm all for wait and see. Starting to see buying opportunities in the stock market with this long overdue sell off. 

The S&P was up today!  Although down from the 6100 high by quite a bit. It is all over the place. ugggg. Wasn't expecting that...

[NorthernRyland]

5 minutes ago, Patong2021 said:

The USA  does not manufacture the high volume, low profit margin  products that Thailand provides. Where will the USA source its

-Electrical Apparatus for Line Telephony or Line Telegraphy

-Diodes, Transistors and Similar Semi-conductor Devices

-Electrical Transformers, Static Converters and Inductors

- Transmission Apparatus For Radiotelephony, Tv, Cameras, Cordless Telephones

- Small electrical appliances

and other low profit labour intensive  items?

 

Where will the USA source rlow cost latex/ubber if it not from Thailand and Malaysia?

 

 

Sure but why can't Thailand drop their tariffs then? I'm hearing lots of good reasons why the US should't be in a trade war with Thailand but no reasons why Thailand can't simply play fair.

[kimothai]

6 hours ago, jonclark said:

An Thais and the rest of the world will shun American products.  How the Tesla stock price doing? 

Tesla stock is down.  It was way overpriced as were many other big caps.  Starting to see buying opportunities now with this long overdue selloff.  As far as I'm concerned this is great news.

[Dibbler]

3 hours ago, digger70 said:

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

 

This is Karma for Thailand for putting ridiculous  high tariffs on their Imports from other countries . 🙏

Do you understand what a tariff is?  Its a tax paid by the buyer of a product coming from the exporting country.  In this case its US consumers who will be paying this additional tax on Thailand products. Thailand is free to redirect its US exports to other countries that honour free trade. Only the US consumer loses in a trade war! 

[Colki]

It is with much amusement I read the selective comments of MAGA followers. As pointed out USA has a trade surplus with Australia but hit with 25% on metal products and 20% on general exports. There was one illogical comment made in response.

 

This would also therefore tend to prove Mr Trump does not respect his own facts.

 

Many countries hold American Treasury debt. If they were to sell these bonds it would have a severe impact on the USA and am sure this will certainly strengthen BRICS which will also impact the USA. Just watched an excellent speech by a french politician posted by another member the rest of the world will unite against USA and Mr Trump.

[Patong2021]

11 minutes ago, Gknrd said:

Starlink is now profitable as is SpaceX, Tesla could go tit's up and he will still be going to Mars. Although a 100 billion poorer he would not miss a beat.  Got to admire that guy, he has diversified to the point where if one fails it really doesn't bring him down.

 

Starlink is in trouble. It is losing international support and it was that product acceptance that was driving expansion. The Canadians and Europeans are in strategic  negotiations to leverage the Canadian and European satellite networks and capabilities to replace Starlink. It will not happen overnight, but within the next 2 years, we will see a very different approach.

 

None of the businesses in  Musk's business empire were created by him. In most cases the R&D was financed by others and the US federal government. Becaiuse of his payout from Paypal Musk has successively leverage and bought his way into bigger and more complex  businesses. At some point the  business construct will either collapse or be forced to restructure. Musk's problem is that he is so loathed and disliked that his companies are suffering and his ability to expand beyond the USA is now stopped. The knives are out for him and  even some in the tech sector want him to disappear because of the negative image created. 

[TheAppletons]

2 minutes ago, Gknrd said:

The S&P was up today!  Although down from the 6100 high by quite a bit. It is all over the place. ugggg. Wasn't expecting that...

 

 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

[robz]

Thailand should drop the 300% import tax for cars.

[Thaindrew]

3 minutes ago, Gknrd said:

The S&P was up today!  Although down from the 6100 high by quite a bit. It is all over the place. ugggg. Wasn't expecting that...

 

thats why the announcement was made after the markets closed, to prevent CNBC showing the statement alongside a graph of the market, check now, its not up in the futures market and the USD is down, 

[kimothai]

3 minutes ago, Gknrd said:

The S&P was up today!  Although down from the 6100 high by quite a bit. It is all over the place. ugggg. Wasn't expecting that...

Looked like big selloff aftermarket.  If you are an investor this could be a great period to find bargains.  Personally, I'm going to let things settle a bit first.

[billd766]

5 hours ago, Jingthing said:

National economic suicide.

The biggest tax rise for U.S. consumers in history.

Too bad he skipped his classes at economics school.

The idiocy is truly epic. 

Yet the maga cult will stick with him till the bitter end.

And IMHO it will be a bitter end.

 

Still the US citizens voted for it, though I suspect many may be wishing that they had not.

[nauseus]

6 hours ago, jonclark said:

An Thais and the rest of the world will shun American products.  How the Tesla stock price doing? 

 

Up 5% last night. 

[nauseus]

1 minute ago, kimothai said:

Looked like big selloff aftermarket.  If you are an investor this could be a great period to find bargains.  Personally, I'm going to let things settle a bit first.

 

Good idea.

[sharot724]

We voted for higher costs all around. We knew it too. Made it happen. I did that.

 

https://www.huffpost.com/entry/wall-street-journal-trump-quote_n_67ecfb57e4b0b937ab8ef2f0

 

Trump last week dismissed concerns about the impact of his 25% tariffs on foreign-made autos by admitting “I couldn’t care less” if they lead to higher prices for American consumers.

[Gknrd]

3 minutes ago, TheAppletons said:

 

 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

Well, it may be time to pick up a few shares.  Will be watching and doing a little math... haha

[Anadelrio]

donald is a tool. Ugh. Only the rich will benefit from this.

[KireB]

2 minutes ago, Dibbler said:

Do you understand what a tariff is?  Its a tax paid by the buyer of a product coming from the exporting country.  In this case its US consumers who will be paying this additional tax on Thailand products. Thailand is free to redirect its US exports to other countries that honour free trade. Only the US consumer loses in a trade war! 

No, that's just one side of the coin. As prices are now much higher for US consumers, they will buy less foreign products.
Trump hopes to bank on the fact that the demand will shift from foreign made to American made. This could backfire big time, with serious scarcity as possible effect, as the US is an open economy (and thus dependent on foreign supply). Nobody can foresee who will win or lose in this paradigm change! Trump is going Va Banque. 

[kimothai]

4 minutes ago, Dibbler said:

Do you understand what a tariff is?  Its a tax paid by the buyer of a product coming from the exporting country.  In this case its US consumers who will be paying this additional tax on Thailand products. Thailand is free to redirect its US exports to other countries that honour free trade. Only the US consumer loses in a trade war! 

I guess they call it a "trade war" because it's more dramatic.  The drama queens get all up in the air about it.  I see it as simply tariff equalization.  

[Gknrd]

5 minutes ago, Thaindrew said:

 

thats why the announcement was made after the markets closed, to prevent CNBC showing the statement alongside a graph of the market, check now, its not up in the futures market and the USD is down, 

Yeah, I read that also. Like others I am staying home to ponder whether to start investing.  I am a poor slob but these downturns help the bottom line in the long run.

[nauseus]

8 minutes ago, Dibbler said:

Do you understand what a tariff is?  Its a tax paid by the buyer of a product coming from the exporting country.  In this case its US consumers who will be paying this additional tax on Thailand products. Thailand is free to redirect its US exports to other countries that honour free trade. Only the US consumer loses in a trade war! 

 

Can be either way - import or export.

[nauseus]

Just now, Gknrd said:

Yeah, I read that also. Like others I am staying home to ponder whether to start investing.  I am a poor slob but these downturns help the bottom line in the long run.

 

Hang on if you can.

[lordgrinz]

2 minutes ago, Gknrd said:

Yeah, I read that also. Like others I am staying home to ponder whether to start investing.  I am a poor slob but these downturns help the bottom line in the long run.

 

Same here, but sitting on a stockpile of cash I would like to pour into a market correction.

[Yagoda]

27 minutes ago, SHA 2 BKK said:

But Australia has no Tariffs with the United States.  And the Prime Minister has announced Australia won’t reciprocate.   Indeed as I pointed out earlier the United States sells more to Australia than Australia exports to the US.  
 

There is a long standing Free Trade Agreement between the United States and Australia which Australia honors.  
 

So given there are no tariffs on US Exports to Australia and the US maintains a surplus with Australia, why has the US imposed a 10% on Australian exports to the US - tariffs which will be paid for by US consumers?

 

In the immortal words of Pauline Hanson “Please Explain”?

I dont know I dont do negotiations. Ask your PM what he needs to do. Maybe stop oppressing your Aborigines.

[NorthernRyland]

Liberals are always fighting for a minimum wage because they believe the greedy corporations are withholding money from their employees and they will pay the new wages out of pocket and won't raise prices. Sound familiar?

 

Why is it reversed now for the liberals? The greedy corporations in these other countries are making huge money so why not tax them and spend the money on social programs in the US? Why do you now assume the consumers will pay the tariffs instead of the companies importing the products?

 

I'm going to say media brainwashing. If it were Kamala doing this I'd bet good money you'd singing a totally different tune.

[dinsdale]

8 minutes ago, Lacessit said:

Large scale manufacturing requires billions in capital investment.

 

Who is going to be nuts enough to invest in a country with an unstable leader and a polarized nation?

Apple, Taiwan Semiconductor Manufacturing Company. Toyota, Nvidia, Johnson and Johnson, SoftBank to name some. Apple alone is a $500 billion investment. I guess they're all nuts according to you. 

[Walker88]

22 minutes ago, Patong2021 said:

 

The USA  does not manufacture the high volume, low profit margin  products that Thailand provides. Where will the USA source its

-Electrical Apparatus for Line Telephony or Line Telegraphy

-Diodes, Transistors and Similar Semi-conductor Devices

-Electrical Transformers, Static Converters and Inductors

- Transmission Apparatus For Radiotelephony, Tv, Cameras, Cordless Telephones

- Small electrical appliances

and other low profit labour intensive  items?

 

Where will the USA source rlow cost latex/ubber if it not from Thailand and Malaysia?

 

Are you going to ask  US consumers to give up their cheap cooked, shelled and deveined shrimp? The food indystry is dependent on it. What about tuna? Are people going to stop eating tuna and other seafood products?

 

How wil Republicans  clutch their pearls when their largest supplier is no longer a source?

 

All of the products exported to the USA meet a demand and a cost point. They are not being purchased for charitable purposes.

Come on, fella. MAGAs will be happy to get 370 baht per day making those things, and the US will remain competitive.

[NorthernRyland]

12 minutes ago, Colki said:

It is with much amusement I read the selective comments of MAGA followers. As pointed out USA has a trade surplus with Australia but hit with 25% on metal products and 20% on general exports. There was one illogical comment made in response.

 

 

I think he just wants Australia to drop their tariffs right? Even if there's a surplus why should the government be charging American companies extra to import products. Australian consumers would appreciate it too.

[NoDisplayName]

I'm not worried.

 

Trump is a stable genius with experience.

 

He was able to bankrupt 5 casinos!

 

Who else on Earth ever was capable of that feet?!

 

This will end well.

 

[Walker88]

5 minutes ago, nauseus said:

 

Hang on if you can.

A generational high was Dec 2024.

 

1929-1954...the Dow finally hit a new high

 

1989-2024....the Nikkei finally hit a new high.

 

Lucky you're 22 years old and can afford to wait.

[Presnock]

1 hour ago, garzhe said:

The U.S. trade tariffs have triggered significant stock market volatility, posing risks for both pension funds and consumer prices. These effects will be felt by retirees, investors, and everyday consumers.

 

Most US pension funds rely heavily on stock market investments.  The S&P 500 dropped over 8% since February 2025 and continues to drop, pension portfolios have likely suffered considerable declines. If market instability continues, underfunded pensions could struggle, forcing adjustments such as increased contributions from employees, reduced cost-of-living adjustments, or delayed retirement eligibility. I wonder if the average Trump supporter realizes whats happening to his pension.

 

I think this Trump/Oligarch strategy is simplistic, what do we all do when hit with a price hike, look elsewhere and apart from tech there’s not too much that cant be sourced outside the US.

 

Well, most of his followers continue to believe every lie he puts out daily even when proof of the lying is there for all to see or hear.  But he learned that if one continues putting out the lie, many of them will continue to believe him even when the lie is totally ridiculosu -I will end the Russian-Ukraine War on day 1, I will lower food prices the first day I am in office and the list goes on!  Just like the SIGNAL chat - now saying it was just fake news made up by a crummie magazine.