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

[Lacessit]

12 minutes ago, Cameroni said:

 

Oh no, will Thailand rename the Americano into "Thalandiano"?

 

Like Canada did with the Canadiano?

 

How will the US survive?

Garbage is still garbage, irrespective of the name.

 

Please tell me one American product the average consumer can't do without.

[BritManToo]

6 minutes ago, Lacessit said:

Garbage is still garbage, irrespective of the name.

 

Please tell me one American product the average consumer can't do without.

A Tesla car.

[Lacessit]

Just now, BritManToo said:

A Tesla car.

BYD is outselling Teslas. Cheaper, better build quality, superior technically.

 

 

[Etaoin Shrdlu]

23 minutes ago, black tabby12345 said:

Does he really know Who Pays the Tariff?

 

It is the importers of the foreign goods.

Not the exporters.

 

So higher tariff means, greater amount of financial burden(Import Taxes) on own population.

 

 

 

Of course he knows, but he's counting on his MAGAs not to know and to buy into his lies.

[villageidiotY2K]

27 minutes ago, ukrules said:

 

Very little to negotiate here, reduce tariffs on one side and they will come down on the other side - do nothing and there's plenty of room for them to increase and match it 1:1 which would be double the current rate.

 

There may be other things to negotiate with from the Thai side though - like that $280 million 'consulate' they built in Chiang Mai

lol its like neighbours in the wall cracking condo zoos. u make noise i make noise too, you sleep 10pm? i make noise 10pm ok? u keep quiet ok? then i will keep quiet ok?   gotrump!!!! make these monkies shivver all for trump and no more immigrants stealing our sweat blood tears history and culture!!! go trump!!!! the world needs you!!!! to be protected from greedy monkies

[quake]

1 hour ago, chrisbangkok said:

Hopefully a short term reign , the madness of King Don apparent to most.

 Nah.

How much did you pay for your last bottle of quality imported red wine in Thailand. 

was it a fair price ? 

[sandyf]

10 hours ago, hotsun said:

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

If US consumers were so astute, why are they buying Thai goods in the first place.

No business is going to invest in expansion because of import tariffs, a couple of years down the line they are likely to disappear.

USD is being toasted by a red puppet, get used to it.

[tomazbodner]

12 minutes ago, jas007 said:

So, what's the alternative to all those tech names?  Do they have any real competition, or will people just pay the price, whatever it is?  

There are many competitors, but they could not achieve scale due to the size and influence of the large players.

[BritManToo]

7 minutes ago, sandyf said:

If US consumers were so astute, why are they buying Thai goods in the first place.

No business is going to invest in expansion because of import tariffs, a couple of years down the line they are likely to disappear.

USD is being toasted by a red puppet, get used to it.

I can't think of any Thai goods I purchased when living in the west.

 

[sharot724]

42 years high tech purchasing of that 35 years in purchasing management.

 

A globalized world the entire time .

 

This will end the way business and cost consideraions run  and will never to be normal again. 

[Cameroni]

14 minutes ago, Lacessit said:

Garbage is still garbage, irrespective of the name.

 

Please tell me one American product the average consumer can't do without.

 

Sure. The Maglite.

 

Wonderful torch.

 

The Leatherman multitool. Often copied, never equalled.

 

Wilson and Spalding basketballs.

 

The Waring Blender

 

Kitchen Aid mixers.

 

Pyrex glassware.

 

Gibson guitars.

 

The Zippo lighter.

 

Igloo coolers.

 

Levis 501 jeans.

 

New Balance sneakers.

[tomazbodner]

 

[black tabby12345]

10 hours ago, jts-khorat said:

 

Globalism was a slow process developing over decades. Trump tries to reset this within days/weeks.

 

Just getting planning permission for a factory takes years, developing a single production line and building it until it produces the first widget several more (I know, I work in Industrial Automation).

 

Even if one would see his policies as having an actual plan behind it, manufacturers cannot react within a time frame which makes relocating to the US feasible. They either go bankrupt or disengage from the American market, if the cost cannot be passed on to the American consumer.

 

In other words, Trump policy will simply promote even greater Industrial Hollowing in USA?

As the result of his unrealistic level of tariff.

 

US lacks the capability to locally produce the goods(that used to be imported) fast enough.,　

Even if some might did, the cost of end products will be absurd (unsellable in US).

 

Then both of the makers and importers will desert US market.

And the United States of America will eventually suffer the dire shortage of both consumer and capital goods, that were once abundant.

 

Quite a chilly forecast...

[bubblegum]

Congress has acted and 4 Reps joint the Dems. Canada seems to be safe.

[sandyf]

6 minutes ago, BritManToo said:

I can't think of any Thai goods I purchased when living in the west.

 

Not something that most would pay attention to.

Main Thai exports into US are agricultural and electronics. Tariffs will push up the price to the US consumer in the short term from existing committments.

Once imports reduce will US companies risk expansion when the next president may well remove the tariffs. 

[Jabberwocky]

Bye bye Hershey's. 

[kwak250]

4 minutes ago, Cameroni said:

 

Sure. The Maglite.

 

Wonderful torch.

 

The Leatherman multitool. Often copied, never equalled.

 

Wilson and Spalding basketballs.

 

The Waring Blender

 

Kitchen Aid mixers.

 

Pyrex glassware.

 

Gibson guitars.

 

The Zippo lighter.

 

Igloo coolers.

 

Levis 501 jeans.

 

New Balance sneakers.

I had a Zippo but to be fair any lighter at the time would have been ok
Nothing else on the list would of been of any interest.

[John Drake]

This is the perfect opportunity for US companies to reshore and create fully robotic AI operated factories.

[Jabberwocky]

7 minutes ago, Cameroni said:

 

Sure. The Maglite.

(Etc.)

I can do without all of them. Esp. those sneakers and jeans. Nike and Brooks are a problem though 😉

[WHansen]

I have no idea about politics or the economy of countries and i do not want to get involved in this heated debate, but what i will say is Thailand has been taxing the backside off imported goods for decades.

Many of the posters have at one time or another complained about the extortionate price of imported goods from their home countries. I don't drink but try and find a 5 Euro bottle of wine for less than 20 Euros in Thailand as one example of many.

[black tabby12345]

Thailand Hit with 36% Tax

 

Tariff is paid by the importers, not by exporters.

Should rather say Americans/US importers.

 

 

 

[Cameroni]

8 minutes ago, kwak250 said:

I had a Zippo but to be fair any lighter at the time would have been ok
Nothing else on the list would of been of any interest.

 

If you're not interested in a maglite torch you're not human.

[Felt 35]

What we are now seeing is an empire that is tottering because its military spending and imbalances in world trade are too great. The United States is now at a crossroads, which is quite normal when a country has dominated the world for around 150 years. Wars and military spending, combined with a skewed trade balance, have broken the backs of all other empires before them.

The United States has to do something to try to reduce its trade deficit, it is simply not sustainable. The United States also has to distance itself from Europe in order to make Europe take more responsibility for its own security.

For the United States, it is of course tempting to print ever more money to finance its overspending and wars, but that will probably lead to the downfall of the country. The only chance for the United States to survive is to take a step back and hand over a greater part of the power and responsibility to others. Europe undoubtedly has the capabilities and resources to take on greater international responsibility, the question is whether Europe has politicians who understand the game and are willing to take responsibility... I hope so, because we certainly do not benefit from China taking over the role of the United States as the world's most powerful nation.

Otherwise, I don't like Trump, but he may be the right man for the job...

 

[PuiPuiHarry]

10 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

So, a nice price increase for all these products at the US market. Not only the 36% import duty, but also the mark-up of the distribution chain inside the USA. What a gorgious inflation swung. But of course, the Yanks are growing pineapple, mango, lychee, etc from tomorrow. And their industry can replace from tomorrow all their US imports. And.. all states on the word will NOT retaliate with increaded import duties on the import of US products into their lands.. 

 

 

11 hours ago, realfunster said:

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" 🙂  

10 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

 

[Lacessit]

17 minutes ago, John Drake said:

This is the perfect opportunity for US companies to reshore and create fully robotic AI operated factories.

China, Japan, South Korea and the EU are already doing it.

[Lacessit]

11 minutes ago, Cameroni said:

 

If you're not interested in a maglite torch you're not human.

I can see quite well with a torch I bought in Mae Sai for 100 baht. Rechargeable, IIRC Maglites run on D-cells.

 

I suppose they are useful for clubbing intruders.

[Patong2021]

4 hours ago, NorthernRyland said:

 

This isn't an answer. You can't know who from which country wants to buy what but we DO know when that times comes Thailand is not being fair. This is  a matter of principle too.

 

US companies are having to pay the Thai government taxes. How about no? screw them.

 

What? How is Thailand not being fair? What tariffs are preventing US imports? It's a simple question. 

Yes, US companies pay Thai government taxes. Did you know that Thai companies pay  taxes to the US government? What are the unfair taxes?

[Cameroni]

1 minute ago, Lacessit said:

I can see quite well with a torch I bought in Mae Sai for 100 baht. Rechargeable, IIRC Maglites run on D-cells.

 

I suppose they are useful for clubbing intruders.

 

They certainly are if you get that big police Maglite.

 

Personally I rely on a machete next to the nighttable, but that could work.

[Lacessit]

40 minutes ago, BritManToo said:

I can't think of any Thai goods I purchased when living in the west.

 

I bought a Mitsubishi Triton pickup in Australia. Made in Thailand, it cost $18,000.

 

In Thailand, the same vehicle cost $24,000.

 

For minor purchases, I doubt many people look at where the item has been made.

[Lacessit]

5 minutes ago, Cameroni said:

 

They certainly are if you get that big police Maglite.

 

Personally I rely on a machete next to the nighttable, but that could work.

I have a torch no bigger than my hand, LED-based. It's far brighter than a police Maglite.

 

How many enemies do you think you have?