Tariff updates - what’s the Latest?

[James48843]

Looks like Trump has also raised the tariffs on Chinese found from 10% to 20%.

That’s going to hurt.
Link to China move:

Further Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People's Republic of China

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency

www.whitehouse.gov

And Mexico and Canada begin tariffs tomorrow at 25%. This is going to severely affect the market tomorrow - forward.

 

[nasa1974]

Put a pair of depends on and grab a fresh set of sticky pants I think we are going to need them. It might get ugly.

 

[WorkFE]

Put a pair of depends on and grab a fresh set of sticky pants I think we are going to need them. It might get ugly.

Or a buying opportunity

 

[JTH]

Just a rant

I've been living with Tariffs the past 10 years in Europe. One time a friend shipped me a $50 care package, the shipping was $60 and I paid $75 in import fees, talk about wealth destruction. Although Poland does make a lot of it's own goods, "overall" the EU does not. Our version of Amazon is Allegro.PL and just like the US, most of the products are made in China.

Generally speaking if I can find two "like" items (one from the US and one from here) there's about a 10% to 20% difference in price. Here's a sample of what I'd pay if I bought a 1K laptop off amazon.com with $235 in import fees for a 1K laptop.

That same laptop in Poland would cost 1,375, which is 10% more expensive then importing it in from the states, and 27% more expensive then buying it in the states.

 

[nasa1974]

Just a rant

I've been living with Tariffs the past 10 years in Europe. One time a friend shipped me a $50 care package, the shipping was $60 and I paid $75 in import fees, talk about wealth destruction. Although Poland does make a lot of it's own goods, "overall" the EU does not. Our version of Amazon is Allegro.PL and just like the US, most of the products are made in China.

Generally speaking if I can find two "like" items (one from the US and one from here) there's about a 10% to 20% difference in price. Here's a sample of what I'd pay if I bought a 1K laptop off amazon.com with $235 in import fees for a 1K laptop.

That same laptop in Poland would cost 1,375, which is 10% more expensive then importing it in from the states, and 27% more expensive then buying it in the states.

View attachment 68214

Ouch!!

 

[WorkFE]

Ouch!!

But if I could walk it across the border there would be no import fees.

 

[jonfresno]

Just a rant

I've been living with Tariffs the past 10 years in Europe. One time a friend shipped me a $50 care package, the shipping was $60 and I paid $75 in import fees, talk about wealth destruction. Although Poland does make a lot of it's own goods, "overall" the EU does not. Our version of Amazon is Allegro.PL and just like the US, most of the products are made in China.

Generally speaking if I can find two "like" items (one from the US and one from here) there's about a 10% to 20% difference in price. Here's a sample of what I'd pay if I bought a 1K laptop off amazon.com with $235 in import fees for a 1K laptop.

That same laptop in Poland would cost 1,375, which is 10% more expensive then importing it in from the states, and 27% more expensive then buying it in the states.

View attachment 68214

Is there a point where you may decide to pay the extra 10% if you think an expensive item may need service, or does that matter as far as warrantee? That's a stiff hit, but probably not worth while to move back state side for cheaper stuff

 

[JTH]

Is there a point where you may decide to pay the extra 10% if you think an expensive item may need service, or does that matter as far as warrantee? That's a stiff hit, but probably not worth while to move back state side for cheaper stuff

Yes, that's a very big deal, as an example.

If I buy an American phone, and it needs a warranty repair, odds are it will have to be shipped to a US regional repair center.
If I buy a US product, a "simple return" does not exist.

So most of the time I'm better off buying it locally and paying more. But there are some issues, such as the new-tech stuff. New tech usually goes to the US first, and can take months to get into the EU. This means a lot of the electronic stuff here can be dated (sort of like shopping at Best Buy) where you're paying full price for older tech.

 

[James48843]

Just curious-

I’m reading What Trump did today was just to “pause” the EXTRA tariffs above universal 10% , for a short period of time.

I’m reading it as still imposing the flat 10%. tariff on all countries.

Is that correct?

Because if it is, then it’s still a very bad deal for the economy, and stocks will have to fall again big time.

Am I missing something?


Sent from my iPhone using TSP Talk Forums

 

[nasa1974]

Just curious-

I’m reading What Trump did today was just to “pause” the EXTRA tariffs above universal 10% , for a short period of time.

I’m reading it as still imposing the flat 10%. tariff on all countries.

Is that correct?

Because if it is, then it’s still a very bad deal for the economy, and stocks will have to fall again big time.

Am I missing something?


Sent from my iPhone using TSP Talk Forums

That's how I understand it. Except for China.

 

[James48843]

That's how I understand it. Except for China.

China will halt all shipments to the U.S. they can’t deal with 125% tariffs.

And all the other. Countries- even that 10% is going to still send shockwaves through companies as they figure out how to deal with 10% tariffs. It’s going to upend business models.

 

[tsptalk]

I’m reading it as still imposing the flat 10%. tariff on all countries.

I think we're all getting a lesson in tariffs. This guy tries to explain that a 10% tariff, doesn't necessarily mean prices go up 10%.

https://video.twimg.com/amplify_video/1911781585646465024/vid/avc1/720x1280/6fh39YTw-RuG1d9l.mp4?tag=16

I'm not claiming to know anymore than you. I just found this interesting.

 

[nasa1974]

I think we're all getting a lesson in tariffs. This guy tries to explain that a 10% tariff, doesn't necessarily mean prices go up 10%.

https://video.twimg.com/amplify_video/1911781585646465024/vid/avc1/720x1280/6fh39YTw-RuG1d9l.mp4?tag=16

I'm not claiming to know anymore than you. I just found this interesting.

So, we just start buying from TEMU???

 

[JTH]

I think we're all getting a lesson in tariffs. This guy tries to explain that a 10% tariff, doesn't necessarily mean prices go up 10%.

https://video.twimg.com/amplify_video/1911781585646465024/vid/avc1/720x1280/6fh39YTw-RuG1d9l.mp4?tag=16

I'm not claiming to know anymore than you. I just found this interesting.

But the guy is living in his car, or hiding from his wife....

 

[James48843]

China just cancelled delivery of 10 Boeing 737 jets due to tariffs. No more sales to China. That’s a lot of money.

China orders its airlines to stop accepting deliveries of Boeing jets, report says

As its trade war with the U.S. widens, China has ordered its airlines to stop accepting Boeing jet deliveries, Bloomberg reports.

www.cbsnews.com

 

[tsptalk]

I saw that and was surprised to see that Boeing was only down 2.36% after the news.

 

[James48843]

Hong Kong just announced it’s suspending parcel service to the United States.

Chinese Government News Release:

NEWS: Hong Kong has suspended postal service for all goods being sent to the United States,​

Hongkong Post suspends the postal service for items containing goods to the United States
**************************************

The Government of the United States (US) announced earlier that it would eliminate the duty-free de minimis treatment for postal items despatched from Hong Kong to the US and increase the tariffs for postal items containing goods to the US starting from May 2.

The
US is unreasonable, bullying and imposing tariffs abusively.

Hongkong Post will definitely not collect any so-called tariffs on behalf of the US and will suspend the acceptance of postal items containing goods destined to the US.
Regarding the surface mail, due to the longer shipping time,
Hongkong Post will suspend the acceptance of surface postal items containing goods destined to the US with immediate effect (April 16). Where senders have posted surface postal items containing goods that have not yet been shipped to the US, Hongkong Post will contact the senders to arrange for return of items and postage refund starting from April 22.

Regarding the air mail, Hongkong Post will suspend the acceptance of air postal items containing goods destined to the US starting from April 27.

For sending items to the US, the public in Hong Kong should be prepared to pay exorbitant and unreasonable fees due to the US's unreasonable and bullying acts. Other postal items containing documents only without goods will not be affected.

For enquiries, members of the public may call the Hongkong Post
enquiry hotline at 2921 2222.
Ends/Wednesday, April 16, 2025
Issued at HKT 8:00

 

[James48843]

So far this week- Yesterday Boeing can’t sell airplanes to China (last year they sold $10 billion worth to China) and today, Hong Kong stops mail to the USA. Both those are going to greatly damage the trade balance and GDP of both countries.

Looks like TEMU isn’t going to work.


Any other great ideas?

 

[James48843]

I saw that and was surprised to see that Boeing was only down 2.36% after the news.

The only reason it isn’t down more is that there is still a huge backlog of Boeing jets wanted by airlines. Those will easily be picked up by other airlines, until those countries tariffs kick in.

And, if you haven’t heard, international airline travel has suddenly taken a nose dive as well. Air Travel to the USA is down over 10% in March alone. https://www.usatoday.com/story/trav...rnational-travelers-avoid-the-us/82979308007/


Demand loss has the potential to mean a big hit on Boeing in the future. We don’t have a lot of time before it’s going to be a big issue.

 

[James48843]

Hong Kong just announced it’s suspending parcel service to the United States.

Chinese Government News Release:

NEWS: Hong Kong has suspended postal service for all goods being sent to the United States,​

Hongkong Post suspends the postal service for items containing goods to the United States
**************************************

The Government of the United States (US) announced earlier that it would eliminate the duty-free de minimis treatment for postal items despatched from Hong Kong to the US and increase the tariffs for postal items containing goods to the US starting from May 2.

The
US is unreasonable, bullying and imposing tariffs abusively.

Hongkong Post will definitely not collect any so-called tariffs on behalf of the US and will suspend the acceptance of postal items containing goods destined to the US.
Regarding the surface mail, due to the longer shipping time,
Hongkong Post will suspend the acceptance of surface postal items containing goods destined to the US with immediate effect (April 16). Where senders have posted surface postal items containing goods that have not yet been shipped to the US, Hongkong Post will contact the senders to arrange for return of items and postage refund starting from April 22.

Regarding the air mail, Hongkong Post will suspend the acceptance of air postal items containing goods destined to the US starting from April 27.

For sending items to the US, the public in Hong Kong should be prepared to pay exorbitant and unreasonable fees due to the US's unreasonable and bullying acts. Other postal items containing documents only without goods will not be affected.

For enquiries, members of the public may call the Hongkong Post
enquiry hotline at 2921 2222.
Ends/Wednesday, April 16, 2025
Issued at HKT 8:00

NASDAQ futures now down 2%.
They don’t like disruptions.