Trump and his people would argue that the tariffs are a protectionist measure, however as many of us know you can't protect a nation against a trade imbalance, as the trade imbalance is there for a dozen real reasons. So much of his tariff policy appears to be poorly thought out, and is leading to a lot of chaos which will likely diminish the American economy in the long run. 

 

Such as simple mail. Japan, Australia, Taiwan and Mexico have joined a growing list of places suspending some parcel shipments to the United States following the implementation of new rules under President Donald Trump’s administration that will end tariff exemptions.

The “de minimis” exemption, which allowed shipments of goods worth $800 or less to enter the United States duty free, will be eliminated starting Friday.

 

The change by the Trump administration is aimed at slowing the pace of low-cost imports in a bit to bolster domestic manufacturing but has triggered global disruptions to postal networks and e-commerce supply chains.

Countries like India, Thailand, South Korea, and New Zealand have already announced service suspensions until further notice, citing logistical challenges and uncertainty over the US’s tariff policies.

 

The looming tariff exemption deadline has prompted international postal service DHL to stop accepting shipments to the US starting August 25, joining European peers in halting shipments.

 

That's rare, a Trump topic.

Just now, spidermike007 said:

 

Countries like India, Thailand, South Korea, and New Zealand have already announced service suspensions until further notice, citing logistical challenges and uncertainty over the US’s tariff policies.

 

The looming tariff exemption deadline has prompted international postal service DHL to stop accepting shipments to the US starting August 25, joining European peers in halting shipments.

 

 

@spidermike007Thanks Mrs. Economist, hopefully your little rant helped with the severe  chafing you've been experiencing since Trump is back. 

 

 

3 minutes ago, spidermike007 said:

Trump and his people would argue that the tariffs are a protectionist measure, however as many of us know you can't protect a nation against a trade imbalance, as the trade imbalance is there for a dozen real reasons. So much of his tariff policy appears to be poorly thought out, and is leading to a lot of chaos which will likely diminish the American economy in the long run. 

 

Such as simple mail. Japan, Australia, Taiwan and Mexico have joined a growing list of places suspending some parcel shipments to the United States following the implementation of new rules under President Donald Trump’s administration that will end tariff exemptions.

The “de minimis” exemption, which allowed shipments of goods worth $800 or less to enter the United States duty free, will be eliminated starting Friday.

 

The change by the Trump administration is aimed at slowing the pace of low-cost imports in a bit to bolster domestic manufacturing but has triggered global disruptions to postal networks and e-commerce supply chains.

Countries like India, Thailand, South Korea, and New Zealand have already announced service suspensions until further notice, citing logistical challenges and uncertainty over the US’s tariff policies.

 

The looming tariff exemption deadline has prompted international postal service DHL to stop accepting shipments to the US starting August 25, joining European peers in halting shipments.

 

Is your US based business closing down?

2 minutes ago, NickyLouie said:

 

@spidermike007Thanks Mrs. Economist, hopefully your little rant helped with the severe  chafing you've been experiencing since Trump is back. 

 

 

Thank you for the entertainment, you qualify for the dumbest and least content based reply of the day. 

3 minutes ago, EVENKEEL said:

Is your US based business closing down?

No, but business is definitely down since Trump took office. I've never seen consumer sentiments so low. 

1 minute ago, spidermike007 said:

No, but business is definitely down since Trump took office. I've never seen consumer sentiments so low. 

What does consumer sentiments mean ? You making money or not? If not why is it Trump's fault?

Except just a couple days ago, Fortune magazine did an article that the CBO (congressional budge office) say they're predicting a 4B surplus over the next 10 yrs

 

Quote from article-
The CBO report found that increased tariffs—many targeting imports from China, Mexico, Canada, and the European Union as well as automobiles, steel, and other goods—have raised effective tariff rates by about 18 percentage points compared to last year. If these rates remain, primary deficits would shrink by $3.3 trillion and interest payments would fall by another $700 billion, bringing the total deficit reduction to $4 trillion over 10 years.

The big iEEPA tariff case is now awaiting the Washington DC federal appeals court decision. Only to note here that of the 2 lead legal teams against the government one is funded by the Koch interests, and the other by the Uehleins -- who were the number 4 donors to Trump's 2024 campaign.

36 minutes ago, Harrisfan said:

That's rare, a Trump topic.

That's rare, you complaining about a topic.

Just now, Trippy said:

Even though I don't agree with your viewpoints, I kinda respected your tenacity. But you can't seriously be backing Newsome, can you?

Against Trump I'd back Typhoid Mary.

8 minutes ago, BLMFem said:

Against Trump I'd back Typhoid Mary.

Ok, I understand that. But would you back Newsome for prez in 2028 when Trump is gone?

2 minutes ago, Trippy said:

Ok, I understand that. But would you back Newsome for prez in 2028 when Trump is gone?

Depends on which Dems he runs against.

1 hour ago, NickyLouie said:

 

@spidermike007Thanks Mrs. Economist, hopefully your little rant helped with the severe  chafing you've been experiencing since Trump is back. 

 

 

Stating facts on whats going on in the world as a result of trumps actions isn't a rant. Where your posted reply is

18 minutes ago, BLMFem said:

Depends on which Dems he runs against.

Ok thanks, just curious. Have a good day.

A trade surplus is incompatible with the US dollar remaining the reserve currency.

 

 

Quote

In international finance, the Triffin dilemma (sometimes the Triffin paradox) is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was identified in the 1960s by Belgian-American economist Robert Triffin. He noted that a country whose currency is the global reserve currency, held by other nations as foreign exchange (FX) reserves to support international trade, must somehow supply the world with its currency in order to fulfill world demand for these FX reserves. This supply function is nominally accomplished by international trade, with the country holding reserve currency status being required to run an inevitable trade deficit.

  https://en.wikipedia.org/wiki/Triffin_dilemma

 

33 minutes ago, Trippy said:

2028 when Trump is gone?

 

I strongly suspect he'll be gone well before then.  The Grim Reaper is looking over his shoulder, and they've already prepared a nice hot place in hell for him.

1 hour ago, Slowhand225 said:

Except just a couple days ago, Fortune magazine did an article that the CBO (congressional budge office) say they're predicting a 4B surplus over the next 10 yrs

 

Quote from article-
The CBO report found that increased tariffs—many targeting imports from China, Mexico, Canada, and the European Union as well as automobiles, steel, and other goods—have raised effective tariff rates by about 18 percentage points compared to last year. If these rates remain, primary deficits would shrink by $3.3 trillion and interest payments would fall by another $700 billion, bringing the total deficit reduction to $4 trillion over 10 years.

Right. It's a tax. The more you tax people, the lower the deficit. 

 

It's basically a tax on everyone, in order to finance tax cuts for mainly the wealthiest.

Troll post removed @NickyLouie

1 hour ago, EVENKEEL said:

What does consumer sentiments mean ? You making money or not? If not why is it Trump's fault?

Brisk retail business requires consumer confidence, and stability is the ally of consumer confidence, instability is the enemy, uncertainty is the enemy of consumer confidence. When people do not have any idea where their  investments are at, or what kind of effect idiotic tariffs are going to have on the economy they pull back and they choose safety over comfort. It's pretty basic economics 101. 

14 minutes ago, candide said:

Right. It's a tax. The more you tax people, the lower the deficit. 

 

It's basically a tax on everyone, in order to finance tax cuts for mainly the wealthiest.

It's quite extraordinary how many people just don't get that, they somehow think that those taxes are being paid by some mystery benefactor. It's the companies that are paying the taxes who are importing the goods, and the companies are passing that on to the consumer.

 

Expect significant inflation, job losses, and expect the economy to slow down within the next year or two. It is going to happen, and it will be caused by Disaster Don and his wrecking crew (DDWC). 

55 minutes ago, Trippy said:

Ok, I understand that. But would you back Newsome for prez in 2028 when Trump is gone?

No, as a centrist Dem I would not. And definitely not Harris nor AOC! Someone like Beshear, yes! 

1 hour ago, BLMFem said:

Against Trump I'd back Typhoid Mary.

Or Justin Bieber, Bozo the clown, Mylie Cyrus, Pauly Shore, Nicolas Cage, or Joe Plumber. Any of them would be better than the monstrosity we have now. 

7 minutes ago, spidermike007 said:

No, as a centrist Dem I would not. And definitely not Harris nor AOC! Someone like Beshear, yes! 

I hope we can get a centrist president in 2028. But it's tough to be a centrist these days, the big money donors are usually extreme one way or the other.

21 minutes ago, candide said:

Right. It's a tax. The more you tax people, the lower the deficit. 

 

It's basically a tax on everyone, in order to finance tax cuts for mainly the wealthiest.

You only get taxed more when buying foreign products.

 

Trump's tariffs are less than import cost + the high VAT in europe.

 

So now americans get somewhat the same treatment that euros get.

Whether that be tariffs or import costs and VAT , only the euros pay it on everything,

foreign or domestic (except for some lower taxes food items).

 

 

 

13 minutes ago, FlorC said:

You only get taxed more when buying foreign products.

 

Trump's tariffs are less than import cost + the high VAT in europe.

 

So now americans get somewhat the same treatment that euros get.

Whether that be tariffs or import costs and VAT , only the euros pay it on everything,

foreign or domestic (except for some lower taxes food items).

 

 

 

Thailand too. When I buy something on Amazon the import fees can be as high as 50% of the cost of the product.

1 hour ago, Trippy said:

Ok thanks, just curious. Have a good day.

You too.

I have just found this speech given by Pres Reagan and it should be viewed and heard by trump and his goobers..........

 

1 hour ago, candide said:

Right. It's a tax. The more you tax people, the lower the deficit. 

 

It's basically a tax on everyone, in order to finance tax cuts for mainly the wealthiest.

if tariffs are paid by US manufacturers on imported raw materials, let's say steel, aluminium or copper. Surely those costs will have to be passed on to the customers, be they US customers or export customers.

So for example, how can a US produced Tesla built with tariffed imports compete with a Chinese built BYD? They are on a hiding to nothing from the start. 

Where Trump went wrong was he should have secured materials and supply lines before trying to blackmail everyone.

I bet he won't try sticking tariffs on China's rare earths.

 

"We have a bigger weapon against China than their rare earths. We have Boeing aircraft spare parts." Yeah right!

"But I won't use it."  Ha Ha!!!

1 hour ago, spidermike007 said:

Brisk retail business requires consumer confidence, and stability is the ally of consumer confidence, instability is the enemy, uncertainty is the enemy of consumer confidence. When people do not have any idea where their  investments are at, or what kind of effect idiotic tariffs are going to have on the economy they pull back and they choose safety over comfort. It's pretty basic economics 101. 

So you're selling something they don't really need. If you shared your product with us, we could better decide.