Countries Targeted by Trump’s Tariffs May Strike Back at U.S. Services

[Serenity_Now]

Id hate to be an american company selling to the american public

 

iphone before $1000 after $1350 (china)
Pair of merrels $100 after $146 (viet )
Nike $100 now $146 (viet Indo)
Adidas $100 now $146 (viet Indo)
Google Pixel $900 now $1314 (viet Indo)

[BLMFem]

34 minutes ago, JonnyF said:

Trump is only charging half the amount of tariffs that these countries are putting on US goods in many cases.

 

They should be careful, he has left plenty of wriggle room to increase them further if any of these little tinpot countries start getting chopsy. 

 

If they've got any sense they will dramatically and immediately reduce the tariffs on US goods and thank America for being gullible enough to allow them to take advantage of the US for so long. 

Impressive. In a mere three sentences you have demonstrated your complete lack of understanding of how these tariffs have been calculated and what the current trade situation is like.

Congratulations!

[jerrymahoney]

How do you feel about Japan's economic pre-eminence?
Japan gets almost seventy percent of its oil from the Persian Gulf, relies on ships led back home by our destroyers, battleships, helicopters, frog men. Then the Japanese sail home, where they give the oil to fuel their factories so that they can knock the hell out of General Motors, Chrysler and Ford. Their openly screwing us is a disgrace. Why aren't they paying us? The Japanese cajole us, they bow to us, they tell us how great we are and then they pick our pockets. We're losing hundreds of billions of dollars a year while they laugh at our stupidity.

 

A group of Japanese visitors to New York was recently asked if there were anything in the U.S. they would like to buy. The answer: towels.
That's fair trade: They'll take the towels and we'll buy their cars. It doesn't sound like a good deal to me.

 

-- Donald Trump, 1990 Playboy interview

 

https://www.ebroadsheet.com/wp-content/uploads/2017/03/playboy-interview-donald-trump-1990

 

 

 

 

 

 

 

 

 

 

[Banana7]

1 hour ago, JonnyF said:

Trump is only charging half the amount of tariffs that these countries are putting on US goods in many cases.

 

They should be careful, he has left plenty of wriggle room to increase them further if any of these little tinpot countries start getting chopsy. 

 

If they've got any sense they will dramatically and immediately reduce the tariffs on US goods and thank America for being gullible enough to allow them to take advantage of the US for so long.  

 

Nice move Donald me old son, nice move.

Thailand charges 72% on imports from USA and now USA charges 36% on imports from Thailand. Taking into consideration services provided by USA to Thailand, this new tariff sounds reasonable as a starting point. If Thailand goes to "negotiate" maybe USA will boost the tariff all the way to 72%, exactly what Thailand charges. USA wants and will get reciprocal trade tariffs. 

 

USA is also watching currency manipulation so that trick won't work. 

 

Even if Thai companies try wiggling and setting up shop in nearby countries, some get even higher tariffs: Vietnam gets 46%, Cambodia 49%, Laos 48%. Malaysia is only 24%, Indonesia 32%.

 

 

 

[JonnyF]

36 minutes ago, BLMFem said:

Impressive. In a mere three sentences you have demonstrated your complete lack of understanding of how these tariffs have been calculated and what the current trade situation is like.

Congratulations!

 

You're a bit light on details there chum.

 

Why don't you impress us all and point out all my inaccuracies in my post?

 

I suspect "you've got nothing".

[LosLobo]

1 hour ago, JonnyF said:

Trump is only charging half the amount of tariffs that these countries are putting on US goods in many cases.

 

They should be careful, he has left plenty of wriggle room to increase them further if any of these little tinpot countries start getting chopsy. 

 

If they've got any sense they will dramatically and immediately reduce the tariffs on US goods and thank America for being gullible enough to allow them to take advantage of the US for so long.  

 

Nice move Donald me old son, nice move.

You are being misled me old son!
 

The U.S. trade deficit reflects consumer choice for cheaper imports, not a financial loss.
 

Tariffs raise prices for U.S. consumers, not exporters, putting the burden on Americans.
 

The U.S. economy is built on services and tech, with global supply chains making imports more attractive.
 

Returning to past manufacturing is unrealistic—automation means fewer jobs, not more.
 

The future lies in tech, innovation, and services like AI, biotech, and green energy, which require better education and a skilled workforce for higher-paying jobs.

[BLMFem]

11 minutes ago, JonnyF said:

 

You're a bit light on details there chum.

 

Why don't you impress us all and point out all my inaccuracies in my post?

 

I suspect "you've got nothing".

If I had any faith in you learning anything from it (or even read what I would have linked) I would have educated you.

But I don't, so I won't.

[JonnyF]

Just now, LosLobo said:

You are being misled me old son!

 

Au contraire. 

 

Just now, LosLobo said:

The U.S. trade deficit reflects consumer choice for cheaper imports, not a financial loss.

 

I wasn't talking about trade deficit, I was talking about the disparity in tariff percentages. But yes, dirt cheap imports encourages people to buy foreign made products. Trump is addressing that. Buy American. Support American businesses. 

 

Just now, LosLobo said:

Tariffs raise prices for U.S. consumers, not exporters, putting the burden on Americans.

 

Not if they choose to buy alternative products. That ruins the export markets of those countries exporting to the US. Perhaps Americans will start buying Californian wine instead of paying more for French wine, for example. Maybe buy a Tesla instead of an increasingly expensive BYD or Benz/BMW. Support American businesses employing American workers. Tariffs on imports encourage people to buy domestically produced items, like we see in Thailand. That creates jobs. It's also good for the environment if you care about that type of thing (I'm guessing you do). 

 

Just now, LosLobo said:

The U.S. economy is built on services and tech, with global supply chains making imports more attractive.
 

Returning to past manufacturing is unrealistic—automation means fewer jobs, not more.

 

Not all manufacturing can be automated. If it can be, that creates jobs in the machine automation industry for companies like, oh I don't know, Tesla. 

 

Just now, LosLobo said:

 

The future lies in tech, innovation, and services like AI, biotech, and green energy, which require better education and a skilled workforce for higher-paying jobs.

 

Apart from green energy, I agree. The US should invest in more innovative tech companies like, oh I don't know, Tesla. The billions the US government will receive from these tariffs can help fund that as well as funding better education for the future. Create jobs for the American workforce. 

 

Of course, you can keep buying cheap junk from Asia made by 10 year olds on $5 a day from factories pumping out black smoke and then shipped thousands of miles to the US if that makes you feel like a good little environmentalist/globalist.   

[JonnyF]

10 minutes ago, BLMFem said:

If I had any faith in you learning anything from it (or even read what I would have linked) I would have educated you.

But I don't, so I won't.

 

Just as I thought. Another lame quip. 

 

You've got nothing.

 

Jog on son... 😄

[KireB]

1 hour ago, Screaming said:

Ha, Ha what a joke you post. Actually Prime Minister Paetongtarn Shinawatra just announced that "Thailand will negotiate with the United States on tariffs." 

 

https://www.bangkokpost.com/business/general/2994532/thailand-will-negotiate-with-us-on-tariffs-says-paetongtarn

 

So the left wing is losing again to a real winner, Trump. MAGA

 

 

 

The game hasn't even started and you are already counting your marbles. It might spiral the economy of the country with the largest national debt in human history out of control. And then what? World war 3, or begging the rest of the world for renewed negotiations. 

 

I feel truly sorry for decent hatd working Americans. 

[pomchop]

BRICS will be happy to buy and sell to a wide variety of countries who may no longer want to trade with the usa either because of the tariffs or because they see the current usa regime threatning to annex or invade soverign countries like canada, panama, greenland for starters. 

 

There is much more to trade than trading goods.  There are a wide range of political issues tied into it. 

 

Countries who do a lot of trade also have a lot of meetings and interaction with high level officials from both countries involved.  The more these officials meet and get to know each other the more likely it is that many other issues will be brought up. These meetings can and do result in many other areas such as security, investments , cultural exchanges, and a wide range of interwoven issues.  Diplomacy has been around for centuries for good reason.

 

There are a lot of countries who can fill a lot of orders if the usa consumers no longer wants to pay the tariff and buy the goods.  What we are already seeing is new alliances being formed between such countries as Japan, South Korea and China.  It would be foolish to think that trade alliances will not likely lead to alliances in other areas and some of these new alliances will not be favorable to the USA.

 

Meantime enjoy watching retirement portfolios crash while potus continues to piss off most long term allies and jeopardize world economies, security agreements, intelligence sharing, and so much more.

[bannork]

Paul Krugman's views: "The EU, like the United States, has generally low tariffs; the average tariff it charges on US goods is less than 3 percent. So where does this 39 percent number come from? I have no idea. Many people speculated that Trump would count value-added taxes as tariffs, even though they aren’t — European producers selling to the EU market pay the same VAT as US producers, so it doesn’t discriminate and therefore isn’t protectionist. But even if you get that wrong, EU VAT rates are in the vicinity of 20 percent, so you still can’t get anywhere close to 39 percent."

Trump falsehoods according to Krugman:

" Trump is still claiming that we’re subsidizing Canada by $200 billion a year. Aside from the basic mistake of claiming that a Canadian trade surplus means that we’re somehow subsidizing Canada, he’s inflating the actual trade surplus by a factor of three. Many, many people have pointed out the error, but Trump is sticking with it, the same way Musk is sticking with the millions of dead Social Security beneficiaries thing."

'Full-on crazy': Nobel-winning economist aghast at Trump's tariffs and wildly false claims

 

[NoDisplayName]

2 hours ago, JonnyF said:

Trump is only charging half the amount of tariffs that these countries are putting on US goods in many cases.

 

Haha!  Trump fooled you, too!  Read the fine print on his poster underneath 'tariffs'.  It includes 'currency manipulation' and undefined 'trade barriers.'

 

He put 25% tariffs on Japanese and Korean cars.  Last time I checked, which was last night, they put 0% tariffs on US vehicles.

[Spilornis]

The method of how they calculated to trade imbalances has been well publicised.

Childish in its simplicity but it is as follows.

10% tariffs was the default level which was imposed even on countries such as Australia which has a trade deficit favouring USA.

For the rest it is explained as follows:

"There was no explanation given for how each country’s “tariffs charged to the USA” were calculated. Boffins on the outside quickly worked it out: the number is just the 2024 US trade deficit with that country divided by the US’s imports from that country.

For example, in 2024, the US trade deficit with China was $US295.4 billion ($469 billion). US imports from China were $US438.9 billion. Dividing the deficit by the imports equals 67 per cent, which is the exact figure shown next to “tariffs charged to the USA” on Trump’s chart.

It’s the same for Thailand, Indonesia, the European Union, the Philippines, Israel, Japan and every other country this masthead has checked so far. "

You then divide by two for today's tariff imposition

[JonnyF]

57 minutes ago, NoDisplayName said:

 

Haha!  Trump fooled you, too!  Read the fine print on his poster underneath 'tariffs'.  It includes 'currency manipulation' and undefined 'trade barriers.'

 

He didn't fool anyone. He's right to include currency manipulation, countries often use that to their advantage. Countries like Japan also have trade barriers such as expensive testing requirements on imported vehicles. 

 

The EU is also infamous for creating extensive and overly complicated "regulations" that make things very difficult for importers and therefore continue with it's protectionist racket.  

 

 

[NoDisplayName]

3 minutes ago, JonnyF said:

 

He didn't fool anyone. He's right to include currency manipulation, countries often use that to their advantage. Countries like Japan also have trade barriers such as expensive testing requirements on imported vehicles. 

 

The EU is also infamous for creating extensive and overly complicated "regulations" that make things very difficult for importers and therefore continue with it's protectionist racket.  

 

 

 

Are you saying there are testing requirements ONLY on imported vehicles?

 

Domestic vehicles are NOT required to pass the same tests?

[frank83628]

2 hours ago, BLMFem said:

Impressive. In a mere three sentences you have demonstrated your complete lack of understanding of how these tariffs have been calculated and what the current trade situation is like.

Congratulations!

Ahh ANs very own BLM rioter / economist

[GammaGlobulin]

3 hours ago, Bannoi said:

Trump has effectively just declared economic war on the world. 

I would hate to be an American right now.

 

In Europe, they don't like us.

 

Thankfully, Randy Newman replies to their scorn.

 

I am proud of Randy.

 

 

Anyway...We Don't Want their Love.....

 

 

[Cameroni]

The USA is the most attractive market in the world. Still. There is nothing Canada, Mexico or Zimbabwe can do about it.

 

Just accept it.

 

American market, American rules.

[Patong2021]

4 hours ago, Cameroni said:

 

This statement betrays massive ignorance of how the world actually works. The reality is that US law firms and US investment banks have expertise which other investment banks and law firms simply do not have. If a major bank wants to do a securitization they want the BEST lawyer and the best team doing it. They know who is the best lawyer, who has the best team and the best expertise. They are NOT going to say oh well, we want to do a 900 million securitization but we won't engage Chris McBride from Mayer Brown because we don't like the politics of the US White House.

 

I mean that's just massively ignorant thinking.

 

This is why the US do not need to worry. They have expertise others do not have. In addition they have a massively attractive market. No matter what politics is happening companies will want to be in that market making money from Americans. There are Chinese firms in America now, sitting it out, while they hate Trump, they know they still need to be in the US market.

 

It's ludicrous to think or hope otherwise.

 

 

 

The best lawyers are not exclusive to the USA. The only reason why some firms are used is because of compliance issues and the need sometimes for a local law office. Other times, it is because they are in the local  service provider's network. Trump didn't mind using a small shopping mall accounting firm for his multi billion dollar empire did he?

 

It is not difficult to avoid transacting with theUS based financial entities for most transactions. It just wasn't a priority for many foreign entities. Now it will be.  Dealing with a US based firm  didn't bother Trump much when he  sought out Deutches Bank or certain foreign investors, right? Who needs the compliance filings and the bureaucracy when dealing with the US firms.  I am counting the days until I can cash out my shares from some of my old US employers and be done with the  IRS filing and witholdings.

[SunnyinBangrak]

4 hours ago, Serenity_Now said:

Id hate to be an american company selling to the american public

 

iphone before $1000 after $1350 (china)
Pair of merrels $100 after $146 (viet )
Nike $100 now $146 (viet Indo)
Adidas $100 now $146 (viet Indo)
Google Pixel $900 now $1314 (viet Indo)

Did nobody ever warn the US that losing all its manufacturing and industry to the far east could have unfortunate consequences? Other than the incredibly wise 45? Did the left listen? Did they dickens. And who do they blame? The very person that warned about it and tries to remedy it😆 liberal logic rearing its ugly head again.

[jerrymahoney]

21 minutes ago, SunnyinBangrak said:

Did nobody ever warn the US that losing all its manufacturing and industry to the far east could have unfortunate consequences?

In the second 1992 Presidential Debate, Ross Perot argued:

 

We have got to stop sending jobs overseas. It's pretty simple: If you're paying $12, $13, $14 an hour for factory workers and you can move your factory South of the border, pay a dollar an hour for labor, ... have no health care—that's the most expensive single element in making a car— have no environmental controls, no pollution controls and no retirement, and you don't care about anything but making money, there will be a giant sucking sound going south.

 

 

[Serenity_Now]

theres no Liberal nonsense here

 

trump should have gone about this in a gradual manner to affect world markets less

there is no subtly in trump thats part of his problem

so those are USA companies I listed

and nothing to do with anyone else 

that the USA lost its manufacturing bases is past administration and GREED the American Corporate Hobby

 

It displays a lack of empathy to do what he has done today crashing markets rich dicks like him dont care

hes not a politician and hes certainly not a businessman of any true credence.

[Cameroni]

37 minutes ago, Patong2021 said:

 

The best lawyers are not exclusive to the USA. The only reason why some firms are used is because of compliance issues and the need sometimes for a local law office. Other times, it is because they are in the local  service provider's network. Trump didn't mind using a small shopping mall accounting firm for his multi billion dollar empire did he?

 

It is not difficult to avoid transacting with theUS based financial entities for most transactions. It just wasn't a priority for many foreign entities. Now it will be.  Dealing with a US based firm  didn't bother Trump much when he  sought out Deutches Bank or certain foreign investors, right? Who needs the compliance filings and the bureaucracy when dealing with the US firms.  I am counting the days until I can cash out my shares from some of my old US employers and be done with the  IRS filing and witholdings.

 

Of course the best lawyers are not exclusive to the USA, I would say the best lawyers are in Japan, but regardless the vast majority of major financial produts and techniques, such as modern securitization, CDOs, CDS, CLOs, ABS, MBS were INVENTED in the USA. So the knowledge flowed from the US to the UK and then other law firms.

 

JP Morgan invented the Credit Default Swap in 1994. The vast majority of cutting edge financial techniques and capital markets products were invented in the US and the greatest source of knowledge for all of them is in New York, not London or Tokyo or Frankfurt.

 

Besides, if you have an investment fund whose target investors are in the US you simply HAVE to use a US law firm. There is no way around it. Not because you could not use a UK law firm with a US office, but because the best funds law firms are in New York, ie US firms.

 

Nobody ever, EVER, chose a lawyer because of "compliance issues", lawyers are chosen based on reputation and expertise. Of course every now and then you can see a small law firm or accountancy firm used on a big deal, mostly because of personal relationships.

 

If you think Deutsche Bank are now going to start using non US firms for their investment funds you really live in La La world.

 

 

 

 

[norsurin]

Trump is slowly killing the US economy.The stock market in US falls dramatic.Now the people who trust the US dollar start selling. Now they buying swiss franc and japanese yen because they want to be safe.This president dont have a clue what he doing.

[hotsun]

7 hours ago, bannork said:

Paul Krugman's views: "The EU, like the United States, has generally low tariffs; the average tariff it charges on US goods is less than 3 percent. So where does this 39 percent number come from? I have no idea. Many people speculated that Trump would count value-added taxes as tariffs, even though they aren’t — European producers selling to the EU market pay the same VAT as US producers, so it doesn’t discriminate and therefore isn’t protectionist. But even if you get that wrong, EU VAT rates are in the vicinity of 20 percent, so you still can’t get anywhere close to 39 percent."

Trump falsehoods according to Krugman:

" Trump is still claiming that we’re subsidizing Canada by $200 billion a year. Aside from the basic mistake of claiming that a Canadian trade surplus means that we’re somehow subsidizing Canada, he’s inflating the actual trade surplus by a factor of three. Many, many people have pointed out the error, but Trump is sticking with it, the same way Musk is sticking with the millions of dead Social Security beneficiaries thing."

'Full-on crazy': Nobel-winning economist aghast at Trump's tariffs and wildly false claims

 

Why do leftists still cite krugman? Hes been wrong about everything his entire career

[Airalee]

6 hours ago, frank83628 said:

Ahh ANs very own BLM rioter / economist

Burn, Loot & Murder

[Airalee]

12 minutes ago, hotsun said:

Why do leftists still cite krugman? Hes been wrong about everything his entire career

He was the laughing stock of the housing bubble (great financial crisis) amongst all the economic bloggers.

[bannork]

It's not only Krugman ridiculing Trump's formula for tariffs.

The maths is simple: take the U.S. goods trade deficit with a country, divide it by that country's exports to the U.S. and turn it into a percentage figure; then cut that figure in half to produce the U.S. "reciprocal" tariff, with a floor of 10%.

That's how the volcanic Australian territory of Heard Island and McDonald Islands in the Antarctic ended up with a 10% tariff. 

Madagascar, with a GDP per head of just over $500 p.a. faces a 47% tariff on the modest $733 million of exports of vanilla, metals and apparel that it did with the U.S. last year.

"Presumably no one is buying Teslas there," John Denton, head of the International Chamber of Commerce (ICC), told Reuters, an ironic reference to the improbability of Madagascar being able to placate Trump by buying upmarket U.S. products.

Madagascar is not alone: the bluntness of the formula as applied to economies which cannot afford to import much from the U.S. inevitably leads to a high reciprocal tally: 50% for Lesotho in Southern Africa, 49% for Cambodia in Southeast Asia.

Richer countries are nonplussed too. For the European Union it has produced a punitive tariff of 20% - four times the 5% which the World Trade Organization calculates as the EU's average tariff rate.

Trump's tariff formula confounds the world, punishes the poor

 

[Banana7]

Maybe Trump's end objective is eliminate tariffs with all trading partners - Thailand should remove all tariffs for US goods and services and US will remove all tariffs for Thai goods and services.