April 2nd Reciprocal Tariffs

328,575 Views | 3994 Replies | Last: 11 days ago by RD2WINAGNBEAR86
nein51
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ATL Bear said:

Assassin said:

boognish_bear said:


If Trump can find a way to fully or partially eliminate personal income tax, that would be huge
The US government collected $2.4 Trillion in personal income taxes in 2024. The total value of all imported goods the same year was $3 Trillion. The twisted irony is we'd have to import more and pay higher prices for it to even make an actual dent. Should we reshore everything, we'd be eating into our tax base and be forced to raise income taxes. Of course paying higher prices for goods is a net tax, the worst kind as it's regressive. It's just math.

Yeah not quite sure why people don't realize there's no hope tariffs replace income taxes.

Not that it matters because in less than 4 years whatever he does is going to be undone.
LIB,MR BEARS
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So does this go as a win?

boognish_bear
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nein51
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LIB,MR BEARS said:

So does this go as a win?



It is if you're Indian.

It is if you're American and want to punish China.
LIB,MR BEARS
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nein51 said:

LIB,MR BEARS said:

So does this go as a win?



It is if you're Indian.

It is if you're American and want to punish China.


While they will not be made in the US, it seems that India is certainly a better trade partner than China.
boognish_bear
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boognish_bear
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Oldbear83
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China is feeling it, though:

"Wang Xin, head of the Shenzhen Cross-Border E-Commerce Association, which represents over 2,000 Chinese merchants, stated that many factories are now "extremely anxious." This has led suppliers to pause or delay deliveries, with some even reducing weekend hours and cutting overtime for workers who depend on American orders.

Meanwhile, executives at DeHong Electrical Products in Dongguan, Guangdong province, informed workers that they would be given one month of leave at minimum wage, citing "significant near-term pressure" on the factory after clients suspended their American orders."




https://www.ft.com/content/d5784258-4de3-44a1-94ae-6f763857b034
That which does not kill me, will try again and get nastier
Porteroso
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boognish_bear said:







Wow, actually 0. Trump gonna have to tariff China at 500% to make all this USA manufacturing work.
Porteroso
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Oldbear83 said:

You lost me at the idea that intelligent people pay more than $100 for a shower head.

Lol. You have no idea what people will pay for every single fixture in a house. There are shower heads that would blow your mind.
ATL Bear
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LIB,MR BEARS said:

nein51 said:

LIB,MR BEARS said:

So does this go as a win?



It is if you're Indian.

It is if you're American and want to punish China.


While they will not be made in the US, it seems that India is certainly a better trade partner than China.
India produces millions of iPhones currently. Was a logical shift for Apple.
Oldbear83
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Porteroso said:


. There are shower heads that would blow your mind.
That would be the "Kamala Harris" model, right?
That which does not kill me, will try again and get nastier
RD2WINAGNBEAR86
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WOW!!!! I am convinced now that Trump's success in his first term was just plain luck! In his second term, he is flying around by the seat of his pants. We are screwed!
"Stand with anyone when he is right; Stand with him while he is right and part with him when he goes wrong." - Abraham Lincoln
Limited IQ Redneck in PU
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KaiBear said:

FLBear5630 said:

KaiBear said:

J.R. said:

KaiBear said:

Same folks posting the same things month after month.

Boring.

This free message board desperately needs some new contributors.
true or false? It keeps keeps getting worse, so yeah, let's just sweep lies , lies under the rug. You are part of the problem. Grow a pair.


You repeat yourself constantly.

Boring as all hell.

There are only about 15 individuals who post here on a regular basis.


So if you think you are somehow 'educating' the masses' with your same juvenile comments, month after month….think again.

Hopefully the owners of this message board can find a way to attract new blood…..with new perspectives.
You sure this group wants new perspectives? Everytime something outside the traditional Baylor stance is thrown out there, the person is attacked, called names, and insulted. Sort of hard to get new people to want to give new perspectives that way.


If folks are even half way articulate; opposing viewpoints are welcomed in my world.


Post of the year
I have found theres only two ways to go:
Living fast or dying slow.
I dont want to live forever.
But I will live while I'm here.
boognish_bear
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whiterock
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J.R. said:

What the administration has done relative to how tariffs were implemented were a total FUBAR. What you do if you have issues with countries with trade, you have those discussions behind closed doors. You can be frank and forceful to get their attention. If you need to threaten them, that is ok if they don't get the message and work together with a real plan behind closed doors. If that doesn't work, you go to plan B and institute tariffs if one thinks that is the next step. You just don't declare a trade war filled with vitriol in public. Very unprofessional and we got the response we deserve. It isn't Trump hate, he just wants to be a public bully and tough guy and just see where that has gotten us. Being a bully served him well in the development business, he this ain't the Bronx.
except that we've tried what you suggested and it manifestly failed.

It doesn't matter whether the nations who trade with us like us nor not. They have nowhere else to go to replace the surplus they have with us. They will publicly posture to look tough, and behind the scenes work to limit the damage by cutting a deal.

You are comically out of your depth here, on politics as well as diplomacy. If there is one nation in the world who can throw some scheisse around and force everyone else to swallow, its the USofA. We have the largest, deepest consumer goods market in the world and 11 carrier groups to boot. Nobody improves their circumstances by flipping us off. They all get weaker and poorer if they get cut off from our markets. They are not going to let that happen just because Trump is calling them the governor of the 51st state (or somesuch).

One of the unsung values of the public diplomacy Trump is doing is that it is freezing the issue for public debate. And as that debate rages, we can see the telltale signs of an establishment that is spent, failing to deliver on the things it was erected to do, out of ideas, and defending itself purely as a hierarchy of power, couching its positions as morality and issuing histrionic allegations that anyone who disagrees with them is deplorable, or worse.

Trump is letting everyone know that the days of structural US trade deficits are over. If you don't like how he's doing it, fine - tell us how ANOTHER 50 years of trade deficits is good for us. Go on. We're waiting.
whiterock
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boognish_bear said:


same thing Reagan got them to do in the 1980's....."move a greater percentage of their supply chain inside the USA."
whiterock
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Assassin said:

This is huge. Expect others to start falling in line


.....the sound of supply chains leaving China to set up in India......
whiterock
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J.R. said:

boognish_bear said:


you mean Trump lied? No freaking way. He's the second coming. Meanwhile Maga and a few up in here actually believe him or the make make ridiculous excuses . How can we trust a pathological liar? Just don't get it.
....because we all know China always tells the truth.....
whiterock
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Assassin said:

boognish_bear said:


If Trump can find a way to fully or partially eliminate personal income tax, that would be huge
that is the explicit policy - to raise more money from tariffs and less from income taxes.
whiterock
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boognish_bear said:


Ackerman is not wrong. He is spot. on. China is playing a weak hand very badly. They need us a helluva lot more than we need them.
boognish_bear
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FLBear5630
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whiterock said:

boognish_bear said:


Ackerman is not wrong. He is spot. on. China is playing a weak hand very badly. They need us a helluva lot more than we need them.

We keep saying that. But, our timeframes are much shorter. Trump has about a year to make this work, than mid-terms.
FLBear5630
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whiterock said:

Assassin said:

boognish_bear said:


If Trump can find a way to fully or partially eliminate personal income tax, that would be huge
that is the explicit policy - to raise more money from tariffs and less from income taxes.
But, that only works if imports remain at current levels. It is a balance. Look at the Deloitte analysis for next five years. Imports are reducing. Government spending as part of economy, reducing. Real business investing, reducing. Consumer spending, reducing. Real GDP, reducing. Unemployment, increasing. CPI, down .5%. (That is a positive).

Does this look like a scenario for less taxes?



Source is Deloitte, this is a reputable source. These guys are not clowns or Mother Jones. This is baseline, there is also a up scenario and down scenario. I thought baseline was best for conversation, keep it bias free (as possible).
boognish_bear
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Osodecentx
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boognish_bear said:



None of this is true
boognish_bear
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Trump ready to bail out farmers amid trade war squeeze, Rollins says
Ben Berkowitz
President Trump is prepared to bail out American farmers if the trade war continues squeezing commodity exports, Agriculture Secretary Brooke Rollins said Sunday.

Why it matters: Exports of key commodities are plunging, particularly soybean and pork sales to China, threatening tens of billions of dollars in farm income.

What they're saying: "First of all, the prayer is that that doesn't need to happen but secondly, if it does, for the short term, just as in Trump 1, we are preparing for that," Rollins told CNN's "State of the Union" on Sunday.

Catch up quick: In Trump's first term, amid a smaller trade war with China, the government rolled out tens of billions of dollars in farm subsidies.

Those bailouts, collectively, ended up being so large that they almost equaled the tariff revenue generated.
The intrigue: Agriculture consultants and economists tell Axios that farmers don't necessarily want bailouts they want trade certainty so they can harvest and sell their crops.

"Trade aid isn't going to be farmers' first choice for a solution of all this, farmers prefer to earn their money from the markets," American Soybean Association economist Jacquie Holland said this week.
The bottom line: Rollins said it would probably be a few months before any need for aid was evident.

"I don't think we're going to need it, but if we do, it will be there," she said.
boognish_bear
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Assassin
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boognish_bear said:



https://www.livemint.com/news/us-news/donald-trump-says-americans-will-have-to-pay-less-income-tax-when-tariffs-come-in-maybe-even-completely-eliminated-11745760362898.html
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boognish_bear
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boognish_bear
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KaiBear
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whiterock said:

J.R. said:

boognish_bear said:


you mean Trump lied? No freaking way. He's the second coming. Meanwhile Maga and a few up in here actually believe him or the make make ridiculous excuses . How can we trust a pathological liar? Just don't get it.
....because we all know China always tells the truth.....


Indeed

Some inherently trust the country that kills thousands of our people with fentanyl.

Go figure.
Limited IQ Redneck in PU
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Dont consumers pay the incoming tariffs? So wont we be trading an income tax for a consumer tax.?





I have found theres only two ways to go:
Living fast or dying slow.
I dont want to live forever.
But I will live while I'm here.
nein51
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Limited IQ Redneck in PU said:

Dont consumers pay the incoming tariffs? So wont we be trading an income tax for a consumer tax.?

Consumption tax does actually tax the rich the most which most people want.
RD2WINAGNBEAR86
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boognish_bear said:


Is anybody out there still buying this crap? Donald Trump has us on the fast track to go back to the 1930s. Things are going to get really ugly!
"Stand with anyone when he is right; Stand with him while he is right and part with him when he goes wrong." - Abraham Lincoln
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