Is that wishful thinking? I'm thinking/ hoping that with Trump's threatening new Tariff System, we can expect drop in prices of certain goods from home?
Examples are Lobster, Wagyu Beef, Angus Beef, Lamb on the Rack, Ugg Boots, whisky? These have been out of reach for me but maybe I can look forward to a good feasting shopping? >_<
Your thoughts please.
@Danstar: Are you going to share what this benefit is going to be? Or just wishful thinking because you assume that your hero wouldn't do anything stupid?
@SlickMick: You're obviously the opposite of what you just said to me. No matter what I say you will find a negative. Even if America thrives during Trumps presidency people like you will still find faults.
@Danstar: Nah, just like Pauline Hanson, I agree with some of what Trump seems to want to try to achieve, but I would never vote for either of them because having some good ideas doesn't counter the terrible ones.
@SlickMick: So you just blindly continue to vote for the same party regardless of what their policies are just because of the hate that has been instilled into you for the other side of politics?
@Danstar: I think that's the opposite of what I just said.
But would you blindly support Trump regardless of what he does?
@Danstar: Assuming you're a troll or a bot, this still manages to be one of the most pathetic things I've read in a while.
@youfnc: I know it's hard to understand sarcasm in writing, but I thought I tried to make it pretty clear with the :D emoji and the lol
@Danstar: And this sums up most of Trump's base. He could tell them that killing their own families was a good idea and they'd go along with it because it might lower their grocery costs. Stupid beyond belief.
@Brianqpr: And this sums up the left.
I made a sarcastic comment, which flew over heads. I literally stated I was being sarcastic and you still spew the same rhetoric.
@freefall101: If you punch yourself in the dick too many times, you dick might split in half down the middle, which may result in some discomfort.
@Danstar: Controlled huh? Is that what you call this hemorrhaging?
Compared to the 135% market increase over the past 5 years, most of which was under Biden.
when the stock market crashed by over 25% in 2022
I just looked at my portfolio records. That 25% must have been quite localised to the S&P500 & NASDAQ because I didn't take anything like a 25% hit on my diversified / disorganised portfolio. Down about 12% at the moment and expecting more. Bit of a bugger because I'm in drawdown rather than accumulation phase.
@Danstar: Funny how you call it a crash, when the lowest point that the S&P500 and Dow Jones reached in 2022 was still higher than the highest it had reached 2 years earlier in 2020, which at the time was an historic all time high. You can't really call that a crash. More like a temporary slow decline.
@ForkSnorter: The same can be said now then….but there's an actual reason it's dropped so heavily now, not because of poor economic management by the former Government in charge
but there's an actual reason it's dropped so heavily now
And what is the reason now?
not because of poor economic management by the former Government in charge
Are you asserting the supply chain disruption due to the Russia-Ukraine war had nothing to do with the decline in 2022?
Do you have any talking points where you do not exhibit extreme bias to keep up with your rightwing kindergarten herd?
Do you have any talking points where you do not exhibit extreme bias to keep up with your rightwing kindergarten herd?
Kettle?
@Danstar: @Danstar
I just looked at my balance history back to 2020. It must have been somewhat sector dependent because my portfolio was healthy (and and more importantly stable) enough in calendar years 21 & 22 to convince me to retire in July 22 and live off the dividends. Even the article you link calls it a "decline".
Looking at my monthly balances back to Dec'22 yesterdays closing balance is still higher than pre-Dec23 (and I haven't bought any shares since 2022).
I've been saying a correction is due because of irrational exuberance in the market and the tariffs have been the trigger. Today will be another drop and there will be more drops as liquidity calls are realised.
cheap labour in the form of slaves
They were imported under Biden's watch via the US-Mexico border. The Democrats were the party for slavery after all.
If leveraging tariffs is such bad economic policy, why does every other country in the world have tariffs?!?
If tariffs are just a "tax on the US consumer", then why are all these other countries (that have tariffs and are not US consumers) freaking out about all this?!?
It's because of TDS
They don't have tariffs. Trump just made those numbers up. How do you think he figured that Penguins were charging the US a 10% tariff? I am also pretty sure that the US military base isn't imposing a 10% tariff on the US, despite Trumps claims to the contrary.
If leveraging tariffs is such bad economic policy, why does every other country in the world have tariffs?!?
Many countries don't impose tariffs.
Trumps "formula" looked at the trade imbalance and used that as the basis for imposing tariffs or he just applied a minimum 10%. AFAIK, Australia imposed no tariffs on USA made goods coming into Australia because of our free trade agreement.
What a surprise, not only are you an across-the-board blind sheep follower of US rightwing opinions, you also blindly support Trump's ridiculous trade war.
Do you actually have any opinions of your own that didn't come from the current rightwing herd? You probably didn't even have an opinion on trade wars before Trump started this one up. A decade ago, the right-wingers were all for free trade.
Might surprise you to learn that Trump initially didn't know what a tariff was.
(He initially thought the overseas manufacturers would have to pay it.)
Trump also does not read books, so he does not know that free trade has been extremely positive for the US economy for decades as the US is one of the wealthiest nations in the world.
Trump thinks a trade deficit means a country is suffering because "deficit" sounds like a negative word.
This is how thick Trump is. Actually, a trade deficit means a country is wealthy enough and has enough purchasing power to control a net positive import of goods into the country, thereby increasing the material wealth of its citizens.
If you effectively stifle the flow of products into a country on a large scale, there are suddenly fewer products available, prices go up, and people are subsequently poorer, because they can buy less. And no, this does not automatically mean thousands of US manufacturing facilities pop up out of nowhere to manufacture products that the US people don't have a clue how to manufacture (especially as efficiently and cheaply as they are manufactured overseas).
Free trade is associated with economic activity, and consequently increased wealth and increased employment.
Any flow of goods and services is associated with economic activity. Any attempt to block or stifle the flow of trade will immediately lead to less economic activity and lower employment (since selling more things means more employment).
Trump has kickstarted what could potentially be a massive worldwide recession, or even a depression because he is as thick as a f…..g brick.
Rather than just taking talking points from the Left, why not actually analyse what's going on?
Acknowledgement of the economic impact of trade wars is not a left talking point.
The tariffs are not going to cause a recession.
Thanks for that expert opinion.
Guess what economists say:
"Trump's tariffs represent the most dramatic shift in U.S. trade policy in over a century."
"Analysts across Wall Street and at economic research centers immediately increased their estimates of the likelihood of a U.S. recession by year-end 2025."
You know what did cause a depression?
No idea what you're talking about. The depression occurred in the 1930s. There has not been a depression in the last 5 years.
Trump is the vote of the people.
Trump is the vote of the dummies.
the stock market hitting all time highs.
Investment into the stock market supports employment.
If the stock market tanks big time, like it did in 1929 and 2008, guess what also tanks?
Furthermore, did you see the recent job numbers in the US? It exceeded expections by almost 100k.
Do you really think those figures reflect what has been happening in the last few weeks? Talk to me in 6 months time.
I suggest you step back a bit and don't buy into mainstream media.
The classic approach from delusional rightwing conspiracy theorists. When you've run out of cherry-picked oversimplified examples to support your biased opinions, just discredit your opponent's information sources: "Can't trust MSM. They have…like… um… editors, front-line journalists, and fact checkers. Can only trust rightwing social media channels that support conservative MAGA opinions across the board and pat each other on the back for ridiculing leftists and wokeism."
@marshmall0w2: 6 months lol, even if what Trump is doing works perfectly you are talking years before you see any positives out of this, not months. All the rating agencies have basically increased the US chance of recession by 50% and state that even if Trump reversed these tariffs tomorrow the damage is already done. So best case scenarios, every manufacturer brings back manufacturing to the US and by some weird miracle doesn't go down the automation path and every other country is happy to pay those higher prices rather than goods manufactured in China et al then you are looking at 4+ years before everything comes up roses and chances of all those things happening is pretty bloody slim.
@gromit: I don't care about rating agencies lol. They set probability of recession very high during covid and during 2022. Nothing happened.
Also, the market is forward-looking, it doesn't matter if the plan works out years down the line. The market will adjust as it always has. People and companies who sulk only lose out on opportunities. Look at Vietnam, they've immediately come out and said they're offering ZERO tariffs on the US and hope for new opportunities. You can even look this up.
Also also, the economy is not the stock market. It is said the stock market has long been detached from fundamentals and reality. Personally, I'm excited.
@marshmall0w2: Vietnam only had 5% tariff to begin with, going to zero will do diddly. Trump is not basing his math on anything sane, he is basing it on the trade deficit with the country.
@gromit: That's my point. Trump highlighted that Vietnam has dropped it down to ZERO. That's something compared to nothing. Even I know his team is BS-ing the tariff numbers. That's what's telling me this is all good strategy.
@marshmall0w2: trump has not dropped Vietnams Tariffs to nothing, basically Vietnam desperately looking for a way around the Trump idiocy, as it is based not on tariffs but deficit, which means clothing, shoes and many other goods in the US will skyrocket in price and none of those manufacturing items are likely to come back to the US.
@marshmall0w2: China's main exports to the US, by far, are computers, computer parts, and mobile phones. The 34% tariff on these is set to increase prices across the US, and will potentially have a huge impact on businesses (small and large), tech industries, AI, scientific research, and even education.
@ForkSnorter: Why do you think Apple has invested billions into the US? The US literally aims to rebuild its production and manufacturing sectors. Good luck to China.
@marshmall0w2: Even if this were plausible, computer prices would still increase significantly. US minimum wage, while low, is still 10 times that of China, and in skilled tech manufacturing you'd need to pay workers at least twice the minimum wage. The US simply can't manufacture as efficiently as China.
Just for fun, I asked ChatGPT about this, and the short answer is quite amusing:
Can the US manufacture computers as cheaply as china?
ChatGPT said:
Short answer? Hell no.
Longer answer? Only if you rewrite the rules of capitalism, time, and space.
I'll save you the detailed answer, but here are a few excerpts:
"You’d need decades to rebuild the skills and supply chains."
"China is decades and trillions ahead in its massive infrastructure: China didn’t just build factories — it built entire cities around factories. Roads, ports, power lines — optimized for production and speed.
"The supply chain in China is dense and hyper-local. You want a capacitor, a screen, a fan? They’re next door."
@marshmall0w2: I guess they'll just put all those Chinese and Taiwanese factories and manufacturing mega-cities on ships and sail on over to the US, as well as importing 2 million trained workers willing to work for US$2/hour.
@ForkSnorter: Lmao the US can build those facilities very quickly. Their building industry is no joke. They have enough skilled workers. Maybe their unemployment will finally go down 😂 also, plenty of people want to leave China and Taiwan for the US. Too restrictive in those countries where assets and people can just disappear.
Lmao the US can build those facilities very quickly. Their building industry is no joke. They have enough skilled workers. Maybe their unemployment will finally go down 😂 also, plenty of people want to leave China and Taiwan for the US. Too restrictive in those countries where assets and people can just disappear.
So you think a 34% tariff is going to encourage big tech corporations to transfer manufacturing to the US where it will cost 500%-1000% more to manufacture (after the initial decade of spending trillions to build the infrastructure and developing the workforce)? Don't you think your LMAOs are a little misdirected?
@marshmall0w2: ROFL, Nvidia mainly manufactures in Taiwan and Korea, they outsource chip manufacturing to TSMC. They do them their as that is where the best Fabs are, making a factory with new fabs in the US would be around 3-4 year enterprise and cost billions and that is just to catchup to where Taiwan and Korea are today.
@gromit: Why do you think Apple and Intel are heavily investing in the US bro. Time's are changing. I don't think it'll take 3-4 years to catch up when the main designers are in the US anyway.
@marshmall0w2: Intel are years behind on Fab's, that is why they are struggling so much at the moment. Apple don't do Fabs and have zero experience in it, that is why they are paying TSMC to do it, which is not expected to be available in the US till 2029 at the earliest. I don't think you realise how complex and time consuming it is to build a factory/FAB, In the best case scenarios they are 3 to 4 years. this is not about designers, it physically takes that long to build/install and get a FAB up and running.
@marshmall0w2: Your talking points are overly simplistic. You are not looking at the actual facts:
From ChatGPT:
Apple is gradually shifting parts of its manufacturing away from China, but not fully into the US. The company is diversifying its supply chain.
So where’s it going?
* India is a big winner: Apple has already moved some iPhone production there, especially for newer models. Foxconn (Apple's main manufacturing partner) is investing billions into Indian facilities.
* Vietnam: A major hub for AirPods, Apple Watches, and other components.
* The US: Yes, some production is happening in the States. Apple has:
… A chip facility in Arizona, courtesy of TSMC (Taiwan Semiconductor Manufacturing Company)
…A Mac Pro assembly line in Texas (though with lots of imported parts)
…Promised billions in investment over the next few years for domestic manufacturing and tech development—but that doesn’t mean iPhones will be assembled en masse in the US any time soon.
Why not fully in the US?
* Labor costs are higher
* Manufacturing infrastructure isn’t as streamlined as China’s
* The supply chain ecosystem in places like Shenzhen is like a living organism—fast, nimble, and highly integrated. You can't just plop that into Ohio overnight.
TL;DR:
Apple is partially moving some production out of China, but it’s more of a strategic diversification than a full-scale exodus. Think "spreading the eggs into more baskets," not "bringing them all home."
So if something takes a few years is it not worth doing?
of course it is worth doing, bringing some of this back to the US makes perfect sense, yes the approach is moronic but it makes sense to bring some of it back. The time line was in response to the idiot that was claiming this would all happen fast and the US would be seeing these benefits in 6 months. With the approach taken the US is in for at least 4+ years of agony, unemployment and high prices.
the real amusing part though is most of the industries he wants to bring back will be all heavily automated, Dark factories are the future so they won't be bringing many jobs with them.
the real amusing part though is most of the industries he wants to bring back will be all heavily automated, Dark factories are the future so they won't be bringing many jobs with them.
No but that's the intention. They will be bringing plenty of wealth for the likes of Elon and other billionaires on either side of the alleged left-right political spectrum.
No but that's the intention. They will be bringing plenty of wealth for the likes of Elon and other billionaires on either side of the alleged left-right political spectrum.
yep I think the American people will be sorely disappointed with the result. They are being seriously mislead in who will receive the benefits of this. Amusingly though what Apple et al are doing was already happening under the Biden administration, so this is not something Trump started. While I think Biden was also a moron his approach was how you do it, you incentivize and cooperate with industry to bring them back rather than have a tantrum and punish everyone until you get what you want.
@gromit: Considering as you said the process began before Trump, I suspect industry had already decided to do it and Trump's tarriffs are little more than kabuki theatre to give the pretense to do more of it.
@tenpercent: yes they decided to do based on incentives both tax and investment wise. Realistically it doesn't make financial sense to bring many of those industries to the US otherwise.
Basically companies and governments need to be more forward thinking. The future is dark factories whether they like it or not, as such where they are located should be based on access to the supply chains and resources those factories need and the only thing that will matter is who owns them, not which country they are in.
@ForkSnorter: I can't possibly read through all the comments in this chain, but I did want to thank you for clearly articulating your points in this message.
So often, the topic gets derailed into trash talk, but you've maintained a high standard in addressing every point. Thanks again.
I can say the same thing about you. Rather than just taking talking points from the Left, why not actually analyse what's going on?
they aren't left wing talking points. They are economist talking points from all sides (apart from some fringe economists that seem to struggle with reality). You seem to have displayed a remarkable lack of knowledge of economics, I would suggest go and actually do some basic research but I am guessing your idea of trustworthy news sources would be limited to those that endorse Trump.
@gromit: Then why not give all the sides. There are also pro-tariff sides. I have done the research. Have you?
There's a saying, "Wall Street always wins." I'm hoping this proves to be their downfall. Trump may actually be the first to realise the desire to "occupy Wall Street." The more stocks crash, the less power it holds and the more of a joke it becomes. When the stock market becomes a joke, then maybe the world will become better. After all, there's another saying that goes, "The stock market has long been detached from reality."
I'm pretty sure Australia is mostly tied to the China market nowadays. Maybe Australia needs to take note, actually.
I'm glad Trump is doing all this honestly.
@marshmall0w2: Wokeism and MAGA were brought onto the scene to obliterate 'occupy Wall Street' and get all the working people fighting among themselves about mostly petty nonsense. Occupy Wall Street was one of the only times in recent history in the Anglosphere where working people from 'both sides' of politics were coming together and clearly seeing who their real enemy was.
@tenpercent: Except Occupy Wall Street failed. Maybe this one succeeds.
Wokeism and MAGA were brought onto the scene to obliterate 'occupy Wall Street' and get all the working people fighting among themselves
Sure, okay, but that's like saying everything is Wall Street. What matters is to see if the crash is real or not. I personally think it is a fake crash and would set up for an insane 300 point bull run.
@marshmall0w2: It doesn't matter. The people with power have already positioned to further enrich themselves from whatever comes next. Trump has no interest in occupying wall street or anything of the sort that that movement stood for. He is here for round 2 to start trade wars with the rest of the world which has the purpose of eroding foreign demand for US dollars as countries shift any remaining economic dependencies they have on selling to or buying from the US. As that happens BRICS currencies will rise in value, spending on China's and Russia's militaries will increase, and we will see a "multipolar world order" as has been planned. Let's just hope China remains cordial with Australia and the US remains interested in protecting Australia (yes, I much prefer American hegemony than the Chinese variant).
There's a saying, "Wall Street always wins." I'm hoping this proves to be their downfall. Trump may actually be the first to realise the desire to "occupy Wall Street."
you are really living in lala land. wallstreet is minting money off all this, smart money has exited a long time ago and held big short positions ahead of 'liberation day'. Trump and his cronies are lining their pockets off insider information with retail holding the bags and providing exit liquidity, and once the dust settles they will deploy capital to buy back at a discount. the mum and dad investors and retirees are the ones suffering from the drop while the rich continues to get richer
I'm currently this my CFA and all of the above is actually true.
Trump is not a well read or educated person. He has gone better this time around as:
When he was elected for the first time, he didn't expect to win so didn't have 'good enough' people to fill his cabinet/be his advisors.
This time around, he has gotten smarter people onboard and it has worked out better.
Otherwise, just think about him being the average intelligence of your local real estate agent.
His biggest issue will be the fact that he is dealing with sovereign nations, not business partners. Even though governments may negotiate will with him, if you piss off the citizens of a country enough, they will shun your products and services. E.g. europe - I doubt the european people are going to take sht from Trump, and his dillusions in thinking europeans are going to want to buy more huge american made cars to drive on their tiny roads.
by smarter people you mean Peter Hegseth, RFK Jnr and Majorie Taylor Greene?
@V2L: No, he obviously ran out after 3-4 people. 3-4 smarter people is like infinitly more than last time, which was ZERO.
2nd child to die of measles in Texas today. That ones on RFK.
@CalmLemons: Lol just a 2nd child to die of measles when even during pre-Trump times, many kids have died of it?
@marshmall0w2: How many kids die of it normally? Zero.
You're 4 months into 2025, and you're over double the 2024 cases. Be aware, this is a long tail risk of the results of the anti-vax campaign.
U.S. Cases in 2025
Total cases
607
Age
Under 5 years: 196 (32%)
5-19 years: 240 (40%)
20+ years: 159 (26%)
Age unknown: 12 (2%)
Vaccination Status
Unvaccinated or Unknown: 97%
One MMR dose: 1%
Two MMR doses: 2%
U.S. Cases in 2024
Total cases
285
Age
Under 5 years: 120 (42%)
5-19 years: 88 (31%)
20+ years: 77 (27%)
Vaccination Status
Unvaccinated or Unknown: 89%
One MMR dose: 7%
Two MMR doses: 4%
@CalmLemons: Nope, they purposely didn't record measles deaths during those times and then started attributing deaths to measles, whether it is actually due to measles or a comorbidity, to fit their narrative. Then people like you who have lost reason to madness come in and then attribute it to anti-vaxxers or vaccine hesitant individuals.
I'm old enough to know that here have been measles outbreaks in the US almost every year in the news cycle with recorded children deaths, yet you cannot find information as if it's been wiped every year, only to resurface in the most present year.
@marshmall0w2: yes everything is a conspiracy from the 'left wingers' to 'fit the narrative'
it's fun watching the mental gymnastics performed to justify reneging on one of the oldest and most evidence based public health initiative to date
the parent of the dead child even said 'it was not so bad'
yet it's the doctors who are brain washed.
hilarious.
@V2L: No, I want you to think about it. How is it possible to have a measles outbreak every year (as reported in the news) and also have children deaths associated with them, yet find little to no information every year. There were definitely children deaths to measles across the years, yet for some reason it is very difficult to find this information. That's not because the child deaths are zero.
I have enough working memory to know this. Maybe examine your own biases.
@marshmall0w2: Answer me this: If you get bitten by a bat today, will you go to a doctor and get a Rabies vaccination?
Yes, or no.
@AnotherRedLight: I already have rabies shots since I travel frequently.
I know you're trying to prove a point, but your point is evasive and faulty, and it does no good to dumb ourselves with such a hypothetical. If we are being sincere with ourselves, then we need to ask better and smarter questions.
First, not all vaccines are the same or are created equally. It is like saying all antibiotics are the same. In this case, the rabies vaccine obviously does NOT have the same composition or make-up that causes side effects as the covid or MMR vaccines did.
As an aside, thimerosal used to be used for both rabies and MMR (although big pharma claims thimerosal was never used for it), until they changed the preservatives list.
Second, me getting a vaccine says nothing about the schedule of vaccine delivery. There is a big difference between giving a newborn over 26 vaccines in 6 months, versus spacing out the vaccines even longer (to 2-3 years old, where the immune system is further developed).
Third, you haven't actually responded to my point about there being a "measles outbreaks" in the US news cycle almost every other year (even during Biden and Obama), yet you can barely find any info on it.
@marshmall0w2: Haha good one donald duck, replies to a Yes or No question with some word salad.
https://www.youtube.com/shorts/a8JIoKeApKs
This sums up your reply nicely Mr Marshmallow.
@marshmall0w2: Of course I wasn't, there's no correct answer for anti vaxxer numpties.
If you answer Yes, you look stupid.
If you answer No, you have 100% certain agonising death.
@V2L: Meh, the next time you work on your own specialisation and someone just simplified it poorly and didn't want to hear any more, think back to this.
It is like playing a video game. If we admit there were mechanics that outsiders couldn't see, but that we learned to see from playing extensively, then wouldn't outsiders be considered the ignoramuses stuck in Bronze?
@marshmall0w2: Yes, because Children dying of an easily preventable disease is the same as a video game.
Brb, I'm off to gift some video games to African children so they don't get Malaria.
@AnotherRedLight: I'm gave video games as an example because you sounded immature and couldn't respond to my points.
@marshmall0w2: You don't even have the awareness to know who you're responding to chief, your initial conversation wasn't with me, so i wouldn't respond to that would I.
@marshmall0w2: Absolutely moronic take. Next time you wonder why the world is turning to shit, it’s uneducated masses like yourself who thinks they’re a closet genius ruining it for everyone else. Just ridiculously thick.
Might surprise you to learn that Trump initially didn't know what a tariff was.
ROFL, your "left wing" sources are brain-washing you ;)
Trump knew what tariffs were back in 1988 on Oprah:
https://www.threads.net/@1africa.io/post/DH_WKMSMRc_?xmt=AQG…
https://www.indiatoday.in/world/us-news/story/id-make-our-al…
https://www.youtube.com/watch?v=PGtK_rdnI6A
But, shhhhh, that would destroy your entire left wing narrative :P
Free trade is associated with economic activity, and consequently increased wealth and increased employment.
ROFL, then why does every other country on the planet actually have tarrifs?!?
Australia already has a 10% tarrif on US products and ban US beef !!! China already has a 60+% tarrif on US products
But please preach this unicorn of "free trade" …. if by "free" you mean all countries on earth are "free" to tarrif any other country they like …
Australia already has a 10% tarrif on US products
As in GST? A sales tax? That's charged at point of sale , and doesn't discriminate against product origin?
That's not a tariff.
All but a handful of us states have sales tax, but no one called these 'tariffs' . Damn Louisiana with their 10+% tariff on every country in the world, including the USA.
@SBOB: "Import Duty" - it's not rocket science … GST is on top of that …
But I wouldn't expect any level of 'critical thinking' from the main stream media sheep ;)
@7ekn00: Wanna link to the ATO or dfat document detailing the blanket 10% tariff applicable to all imported US sourced goods?
Eg
https://www.dfat.gov.au/trade/agreements/in-force/ausfta/off…
@7ekn00: Clearly.
Even the US doesn't agree with you.
https://www.trade.gov/us-australia-free-trade-agreement
Enlighten us, on this blanket 10% tariff we apply to all imported US goods?
@SBOB: You could also try ordering from overseas. I have never seen and import duty added on top of the GST. Sometimes I haven't even been charged the GST I would have to pay if buying locally.
You think China has 60% 'tarrif' on US products?
Lmao does Vietnam have 90% 'tarrif' on US products too?
@TightAl: Oh noes, they aren't called "tariffs", therefor they must not be equivalent!!
Just like the muppet above that thinks "Import Duty" + "Processing" + "GST" aren't "Taxes" or "Tariffs" on imported goods ;)
Trump knew what tariffs were back in 1988 on Oprah:
In this video you posted, Trump indicates that he thinks the foreign manufacturers exporting the goods to the US would have to pay the tariffs, as I said.
He also seems to be under the impression that the US was suffering by being able to afford to buy $billlions of Japanese electronics.
This shows his understanding of trade deficits and tariffs has not improved in the 35 years since this interview was filmed.
In his description of Japan making it too difficult for other countries to sell anything there, he also seems completely ignorant of the fact that Japan relies on imports almost more than any other country.
Again, he is as thick as a f…..g brick, and his understanding and knowledge hasn't improved after 3 and a half decades. His mind has stuck on really simple concepts that don't go beyond kindergarten language, and this is why he was voted in by the dummies. They understood what he was saying and consequently thought "he's a straight talker".
Australia does not ban US beef. they actually have the same traceability requirements as the US demands for beef imports, however the US beef industry is unable to meet the requirements as they refuse to implement the same traceability they demand of others.
GST is not a tariff, it is a sales tax, The US also has sales taxes (as well as other miscellaneous city and local council taxes). If you include the USA's GST then they effectively have a ~17%+ tariff on Australian goods in your view.
@Poor Ass: not sure of relevance, But US beef is "mostly" grain fed now, higher marbling etc hence why our lean beef is needed. At the top end the quality is very similar, I prefer grass fed beef though which has a stronger flavour profile. Just back from the US last month and I generally found steak disappointing there as it just doesn't have the flavour.
@gromit: I found the overall quality of food there to be disappointing
Just more mass production in quantities than quality
Even maccas taste a lot better in Aus than US
@Poor Ass: yep I would mostly agree with that. With a few exceptions (e.g. some of the seafood when bought at restaurants on the wharfs, chowder, alaskan king crab etc) US food is definitely not something I look forward too.
@Danstar: When you keep going "look at the last guy!" instead of focusing what the current guy is doing it doesn't do much to support your argument that everything is going to plan.
The markets dropped 25% over 9 months while a war raged on in Europe under Biden. Under Trump they've dropped almost 10% in two days. If there's a plan, it had better be a good one.