The Tariff Thread

[White Out 403]

[direwolf]

Just saw that China has also just retaliated against the U.S. with their own tariffs. Things are gonna get bad down there really quick, and Americans are gonna get pissed off.


https://www.cbsnews.com/news/china-tariffs-us-farmers/

China's retaliatory tariffs went into effect Monday, spelling trouble for American farmers by making U.S.-grown crops more expensive for their top purchaser.


Beijing imposed the levies in response to President Trump's extra 10% blanket tariff on Chinese goods. Under China's retaliatory action, U.S. farmers now face levies of 15% on chicken, wheat and corn, and 10% on soybeans, pork, beef and fruit.


China is the largest market for such products, and if prices of foreign-grown goods rise in China, locals will turn to less expensive alternatives either from China or other countries. American farmers that deal in chicken and more will likely lose market share as a result.

[Scroopy Noopers]

Originally Posted by direwolf

Just saw that China has also just retaliated against the U.S. with their own tariffs. Things are gonna get bad down there really quick, and Americans are gonna get pissed off.


https://www.cbsnews.com/news/china-tariffs-us-farmers/

[Johnny Makarov]

Go tongzi Go!

[CorsiHockeyLeague]

Obviously there has been plenty of tension between Canada and China in recent years and it's not ideal that the Trump Administration's actions are going to force us closer to a regime that's even worse than Trump's, but at this point, Ottawa really should be coordinating with Beijing about the tariff response and mutually easing trading restrictions. Simply helping Canada weather this storm, thereby undermining the WH strategy, can be part of China's response to the USA.

[direwolf]

So the steel & aluminum tariffs are going through for other countries around the world starting tomorrow, and it sounds like the UK is bending the knee and their plan is to not retaliate to Trumps tariffs and just move on? What is up with that? Does the UK not trade much with the U.S. in regards to steel?

[madmike]

It’s a sad day when China is a safer, more reliable partner than the U.S.

Good luck to anyone in NA who has to shop for a new vehicle in the next couple of years.

[CroFlames]

Meanwhile, South Americans, Australia and New Zealand are just happy Trump doesn't know they exist.

[Senator Clay Davis]

Originally Posted by CorsiHockeyLeague

it's not ideal that the Trump Administration's actions are going to force us closer to a regime that's even worse than Trump's

For now. A year from now it's very possible the US is worse, possibly by a lot. Cause look how bad things are now and we're barely four Scaramuccis in. When we get to 20 Scaramuccis....yikes.

[Fuzz]

We could definitely leverage China with aligned interests, but we should be under no illusion they are partners in any way.

[Hot_Flatus]

Originally Posted by direwolf

He's been saying that since he was sworn in. He definitely wants to try and squeeze us economically to the point where we might eventually give up and say "ok, we'll join you." But I think we're a strong enough country and we're resilient and innovative enough that I don't think that would ever work.


And he's also severely damaging his own economy at the same time, which is why he keeps rolling back some of the tariffs and doing these 30-day pauses over and over again.

Oh he'll look for an offramp soon and you can guarantee it will have to be one that makes it look like a win. The most idiotic part of the whole plan is that unless he's able to bypass the constitution and stay in power, 4 years is not enough time to ruin a country like Canada's economy (it will still take a blow for sure), but I really don't think the American people are going to tolerate the harm and inflation within their own borders that is going to come along with it.

[afc wimbledon]

Originally Posted by CorsiHockeyLeague

Obviously there has been plenty of tension between Canada and China in recent years and it's not ideal that the Trump Administration's actions are going to force us closer to a regime that's even worse than Trump's, but at this point, Ottawa really should be coordinating with Beijing about the tariff response and mutually easing trading restrictions. Simply helping Canada weather this storm, thereby undermining the WH strategy, can be part of China's response to the USA.

At this point China isn't worse than Trump, China is less of a threat, less expansionist

[afc wimbledon]

Originally Posted by direwolf

So the steel & aluminum tariffs are going through for other countries around the world starting tomorrow, and it sounds like the UK is bending the knee and their plan is to not retaliate to Trumps tariffs and just move on? What is up with that? Does the UK not trade much with the U.S. in regards to steel?

The UK makes almost no steel

[CroFlames]

Originally Posted by CroFlames

I've never seen that much dissent allowed on r/conservative.

They usually start snuffing it out calling it 'brigading'.

Yep. Top comment deleted, which was actually very levelheaded and not even "left leaning". But it didn't praise Trump's decisions, so it got the axe.

[Robbob]

I was just googling and it says they export around 200k tonnes of steel to the US.

[chedder]

Originally Posted by CorsiHockeyLeague

Obviously there has been plenty of tension between Canada and China in recent years and it's not ideal that the Trump Administration's actions are going to force us closer to a regime that's even worse than Trump's, but at this point, Ottawa really should be coordinating with Beijing about the tariff response and mutually easing trading restrictions. Simply helping Canada weather this storm, thereby undermining the WH strategy, can be part of China's response to the USA.

Yeah. Let us have some of those cheap EV's with lower tariffs to replace all the Teslas.

[Johnny Makarov]

Originally Posted by chedder

Yeah. Let us have some of those cheap EV's with lower tariffs to replace all the Teslas.

I would totally buy a BYD for around $35k.

[Cowboy89]

Originally Posted by direwolf

So the steel & aluminum tariffs are going through for other countries around the world starting tomorrow, and it sounds like the UK is bending the knee and their plan is to not retaliate to Trumps tariffs and just move on? What is up with that? Does the UK not trade much with the U.S. in regards to steel?

Trump makes the steel and aluminum tariffs out like they are a 'World thing' when they are actually a 'Canada' thing. Of all countries that supply the US with Steel and Aluminum imports, Canada is the leading supplier by far in both categories.


A few stats from 2023:

~25% of all Steel used in the US is imported.

-Canada is 20%
-Brazil is 15%
-Mexico is 12%

~90% of the US's Aluminum needs are imported

-Canada is 41%
-China is 9%
-Mexico is 7%

The UK doesn't register as material in either of those places. Also note that the UK was treated preferentially on universal tariffs (Ie Trump has threatened 25% universal tariffs to Canada, Mexico, The EU, and additional tariffs were threatened on China). This is likely for 2 reasons 1.) The UK is Canada's other natural ally, treating them preferentially in trade creates a price for the UK to pay for any action defending Canada against the US in a dispute. (This explains the awkward interaction when Starmer was asked about Canada and subsequently deflected and Trump quickly interrupted to shut down his answer 2.)Straight up self-interest - Trump personally owns many business interests in the UK

https://www.citizensforethics.org/re...ile-president/

[afc wimbledon]

Originally Posted by Robbob

I was just googling and it says they export around 200k tonnes of steel to the US.

Probably most of that is Reynolds Bike frame tubing

[edslunch]

Originally Posted by chedder

Yeah. Let us have some of those cheap EV's with lower tariffs to replace all the Teslas.

As long as they manufacturer them here