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Posted

Interesting take on the purpose of tariffs from Bangkok Resident Brian Berletic: "The US is preparing to subject its own population as well as those of its supposed “allies” to immense long-term economic, social, and political pain. "

 

bbpture.JPG

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Posted
10 minutes ago, impulse said:

 

Is reducing demand for imported stuff a bad thing in a country that imports about $1 Trillion more than we export a year?  Especially a ciutry that's $35 Trillion in debt already.

 

I'm as guilty as anyone, always looking for a good deal on a big screen that's 5" bigger than the perfectly good one I already own.  But it's not like the quality of my life will go in the toilet if the price of a 5" upgrade increases.  I'll keep watching the one that's 20x the square area of what I grew up with and I'll be okay.

 

And that's even more true if we replace imported stuff with stuff that's made in the USA.

 

 

The US has a surplus of +/-$400 pa on service exports, so the overall BoP deficit is closer to $600m. Nevertheless, that is still a significant figure. 

 

Is this a problem? Given that the US is the world's leading economy and the dollar is the world's reserve currency, I would answer, 'No'. Things were (relatively) stable: However, imo Trump's international trade strategy - i.e. the blanket use of tariffs - threatens that stability, and I would suggest that the negatives associated with this strategy for both the US and the world in general e.g. a contraction in demand, reduced profits, etc,  overweigh the potential benefits such as a reduction in the US debt burden.

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Posted
17 minutes ago, FlorC said:

It means that MSM , people and stock markets over react to the tariffs and meanwhile

many countries are making trade deals.

No fear mongering needed.

 

So do you agree or not? Tariffs - especially applied in the 'blanket' way proposed - may reduce demand and/or cause inflation and/or reduce profits? If so, why is worth running this risk?

Posted
1 hour ago, rough diamond said:

Which ones has he got which are signed sealed and delivered.

One can only hope that it is none, any that have signed have been conned.

From the AI.

  • TTIP and ISDS:
    The proposed TTIP between the US and EU sparked a debate about ISDS, with the EU initially proposing a permanent investment court and the US advocating for ISDS, which has been a common feature in many trade agreements. 
     
  • EU's perspective:
    The EU, while supporting ISDS in general, expressed concerns about its potential impact on the ability of governments to regulate in the public interest and sought to reform the system, potentially through a permanent investment court. 
     
  • US's perspective:
    The US viewed ISDS as vital for protecting investors' rights and the enforceability of trade agreements. 
     
  • Negotiation Status:
    The TTIP negotiations, which were ongoing for several years, ultimately ended without a finalized agreement, including a resolution on ISDS. 
     
  • Current Status:
    There is no formal trade agreement between the US and EU that includes ISDS. 
Posted
35 minutes ago, rough diamond said:

I don't trust a word from Trump.

I asked for which ones have been signed.

Trump has only said that they are in discussions.  He has NOT claimed, to my knowledge, of a single agreed deal.

 

There is a saying based on a wooden horse.

 

"The concerns have been raised after sources close to the Trump administration claimed vice-president JD Vance wants the UK to repeal hate speech laws and ditch plans for a new online safety law in exchange for a trade deal that could see the UK avoid tariffs."

https://www.independent.co.uk/news/uk/politics/trump-free-speech-trade-deal-online-safety-b2734397.html?lid=7g2u8hk0ed8c&utm_medium=email&utm_source=braze&utm_campaign=Morning Headlines Newsletter 17-04-2025&utm_term=IND_Headlines_Masterlist_CDP&empar=3ecb0a14961159ae2d4bc396450ec9796a1489f400e007e352cda343bc7b577c

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Posted
8 minutes ago, Lacessit said:

As Mandy Rice-Davies once said, " Well, he would say that, wouldn't he".

 

Where did you buy your rose-colored glasses?

The same place as his MAGA headphones I assume!

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Posted
11 hours ago, Eric Loh said:

He was handed a economy envied by the world by Biden

Seems like he was handed trade deals that were out of balance, but I'm no expert.  

 

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