Tit for Tat Tariffs - The US versus the World

[essentialsaltes]

Trump aides prep new tariffs on imports worth trillions for ‘Liberation Day’​

White House aides are preparing to impose new tariffs on most imports on April 2, laying the groundwork for an escalation in global economic hostilities that President Donald Trump has called “Liberation Day.”

Despite the blowback [to the tariffs so far], senior Trump advisers are now publicly pledging to create a new tariff regime that would impose new duties on trade with most countries that trade with the United States. A person familiar with internal planning, speaking on the condition of anonymity to reflect private deliberations, confirmed administration officials are preparing tariffs on “trillions” of dollars in imports.

Trump has said the tariffs are necessary to encourage companies to move production back to the U.S. and force concessions from foreign trading partners, but the fallout has rattled investors and consumers, leading to declines in several key economic indicators.

Trump has said the U.S. should match [other countries'] tariffs with “reciprocal” duties that he believes will force other countries to lower their duties on U.S.-made products.

"If they charge U.S., we charge THEM — an eye for an eye, a tariff for a tariff, same exact amount.”

While many countries do protect specific markets with high trade barriers, most advanced economies maintain similar tariff profiles. On a trade-weighted basis, the average U.S. tariff is 2.2 percent. Japan’s is 1.9 percent and the European Union’s is 2.7 percent, slightly higher than the U.S. average, according to the World Trade Organization.

Meanwhile, scores of industries ... have lined up in recent weeks to ask the Trump administration for tariff protection against foreign competitors as part of the administration’s trade jousting.

John Wyckoff, president of the National Christmas Tree Association,

the Southern Shrimp Alliance

Michael Madriaga, a vice president of J.M. Smucker Co. [with a name like Smucker, you know it has to be protected by tariffs]

 

[loveofourlord]

Trump aides prep new tariffs on imports worth trillions for ‘Liberation Day’​

White House aides are preparing to impose new tariffs on most imports on April 2, laying the groundwork for an escalation in global economic hostilities that President Donald Trump has called “Liberation Day.”

Despite the blowback [to the tariffs so far], senior Trump advisers are now publicly pledging to create a new tariff regime that would impose new duties on trade with most countries that trade with the United States. A person familiar with internal planning, speaking on the condition of anonymity to reflect private deliberations, confirmed administration officials are preparing tariffs on “trillions” of dollars in imports.

Trump has said the tariffs are necessary to encourage companies to move production back to the U.S. and force concessions from foreign trading partners, but the fallout has rattled investors and consumers, leading to declines in several key economic indicators.

Trump has said the U.S. should match [other countries'] tariffs with “reciprocal” duties that he believes will force other countries to lower their duties on U.S.-made products.

"If they charge U.S., we charge THEM — an eye for an eye, a tariff for a tariff, same exact amount.”

While many countries do protect specific markets with high trade barriers, most advanced economies maintain similar tariff profiles. On a trade-weighted basis, the average U.S. tariff is 2.2 percent. Japan’s is 1.9 percent and the European Union’s is 2.7 percent, slightly higher than the U.S. average, according to the World Trade Organization.

Meanwhile, scores of industries ... have lined up in recent weeks to ask the Trump administration for tariff protection against foreign competitors as part of the administration’s trade jousting.

John Wyckoff, president of the National Christmas Tree Association,

the Southern Shrimp Alliance

Michael Madriaga, a vice president of J.M. Smucker Co. [with a name like Smucker, you know it has to be protected by tariffs]

have we gotten any explanation for how this will happen, or what trump will do for the 3-4 years it will take to happen? Especially the move back to the US or ramp up steel and other things?

 

[essentialsaltes]

have we gotten any explanation for how this will happen, or what trump will do for the 3-4 years it will take to happen? Especially the move back to the US or ramp up steel and other things?

The Visible Hand of Donald Trump is punching buttons and pulling levers on the economy machine and a Golden Age will pop out.

 

[essentialsaltes]

Car buyers' window for dodging tariff price hikes is about to close, experts warn​

“There is no way you’re going to see a better discount if you wait three months,” one analyst said.

 

[loveofourlord]

Car buyers' window for dodging tariff price hikes is about to close, experts warn​

“There is no way you’re going to see a better discount if you wait three months,” one analyst said.

hehe to be fair as annoying as it is, I doubt trump will pull the trigger he's going to back out again :> This is the guy they say is NOT a coward and has a backbone.

 

[mark46]

I would almost feel bad about what Canada's doing to US in this trade war, if we were not having almost daily threats of invasion, ad this is almost all self inflicted by trump.

almost?

 

[loveofourlord]

almost?

well I mean the buisnesses and people being hurt, but well were not the ones being threatened with invasion every week.

 

[essentialsaltes]

Trump aides prep new tariffs on imports worth trillions for ‘Liberation Day’​

Stock market rallies on assumption that April Second will be 'Capitulation Day'.

Stocks rally as Trump’s ‘Liberation Day’ is looking like yet another tariff retreat​

 

[essentialsaltes]

Trump says any country buying Venezuelan oil will face a 25% tariff​

China is Venezuela's #1 customer.

 

[loveofourlord]

meanwhile his threats to invade canada are hurting americans americans, so yay he's winning so much.

 

[mark46]

well I mean the buisnesses and people being hurt, but well were not the ones being threatened with invasion every week.

No, Canada, Mexico and Denmark are on the ready to attack.

 

[loveofourlord]

No, Canada, Mexico and Denmark are on the ready to attack.

SHHHHHH.

 

[Dustoff]

Its snowballs at dawn.

 

[loveofourlord]

Its snowballs at dawn.

come on canaada's more advanced then that, we now use snowballs with rocks in them.

 

[essentialsaltes]

Trump to announce new auto tariffs this afternoon, White House says, in major escalation ahead of April 2​

From CNN's Elisabeth Buchwald and Elise Hammond
President Donald Trump is set to announce at 4 p.m. ET today tariffs on cars shipped to the United States, White House press secretary Karoline Leavitt told reporters.

 

[essentialsaltes]

Trump threatens 'far larger' tariffs if EU and Canada unite to do 'economic harm' to the U.S.​

Boy, someone really has it in for North Atlantic Treaties!

 

[loveofourlord]

Trump threatens 'far larger' tariffs if EU and Canada unite to do 'economic harm' to the U.S.​

Boy, someone really has it in for North Atlantic Treaties!

he really has the mentality of a 5 year old, "Why did you punch me back after I punched you."

 

[Pommer]

he really has the mentality of a 5 year old, "Why did you punch me back after I punched you."

Cooperation is for losers.

 

[essentialsaltes]

Tim Kaine: Why I’m forcing a vote on Trump’s Canada tariffs​

Trump has created a fake “emergency” to impose tariffs whose cost will be borne by American families.

Tim Kaine (D-VA), Rand Paul (R-KY) and other senators are going to force a Senate vote on Trump's 'emergency' use of tariff powers. This would put senators on record as supporting or opposing the tariffs.

[In the House, Republicans have redefined yom to be an indefinite period of time, so the 15 yom waiting period before the president can be challenged will never expire.]

 

[Aryeh Jay]

I am glad that we have replaced the leadership of the country with the Jersey Shore and Duck Dynasty wing of politicians.