The Tariff Talk

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What I expect is trade deals with the major players that will benefit the United States in some way which will bring stability and buying opportunities.

There will be deals made one way or the other.

However, what we’ll get requires a crystal ball. I’m sorry, I’m one of those types that doesn’t worry too much about the ups and downs, when I know how it all ends and I really think the US drives a hard bargain, so I’m betting we’ll get there.

This tariff action, plus rate cuts in the short term and hopefully tax cuts thereafter should bolster the market.

I think it’s a good set up for buy & holders, especially if you can afford to buy right now. I’m doing all I can do currently, and not too well at that, because I don’t set stops and use them. I gamble more than I should because of the IFT limit.

Caveats:

-I’m retired and haven’t drawn any funds from the TSP yet.


Sent from my iPhone using Tapatalk
 
So- who had “National Security so they put 100% tariffs on foreign made films” on their bingo card?

And how, exactly , is that going to work? Does he put a surcharge on theater tickets? Or maybe a tax on your Netflix subscription?

I’d like to know how that works, and how an. Tariff adds to film National Security.

Trump wants a 100% tariff on entertainment movies made outside the USA:

 
A middleman for middlemen warns that the spike in tariffs is an extinction event for small companies.

Ryan Petersen claims he has enough understanding of supply chains and data from his own customers to see the consequences of the latest tariffs. He sees thousands of failed companies and millions of lost jobs.

Petersen claims to be the voice for his 13,000 customers affected by the tariff uncertainty, but the reader should also take into account that his own business is tied up in coordinating globalized trade.

The CEO Who Says an Asteroid Is Coming to Destroy America’s Businesses​

 
Trump to Speak on U.K. Trade Deal
Investors welcome signs of easing tariff tensions, with U.S.-China talks due soon

Stocks rose Thursday as President Trump began his news conference on what he billed as a "full and comprehensive" trade agreement with the U.K.

A deal would be the first of its kind since he unleashed tariffs five weeks ago. U.K. officials cautioned the accord won’t be a full trade agreement and some details remain to be finalized.

Meanwhile, Treasury Secretary Scott Bessent is traveling to meet China’s lead economic representative, potentially paving the way for broader trade talks with the world’s second-largest economy. Administration officials have said they are also in close talks with India and Japan, and the president is due to go to the Middle East next week.
Click to expand...

 
Reviewing the terms of the Uk Trump trade deal- almost everything STILL will be subject to the 10% tariff.

The only exceptions are Rolls Royce aircraft engines and parts, shipped tariff free to the U.S. , and 100,000 autos a year. Jaguar, Land Rover, and Mini, mostly. Not much incentive to trade with the U.S.

The 10% tariff on everything else is , in and of itself, enough of a tariff to destroy a lot of potential trade. The market is looking happy now- but if they all do the math, it’s still not good for our economy.
 
James48843 said:
Reviewing the terms of the Uk Trump trade deal- almost everything STILL will be subject to the 10% tariff.

The only exceptions are Rolls Royce aircraft engines and parts, shipped tariff free to the U.S. , and 100,000 autos a year. Jaguar, Land Rover, and Mini, mostly. Not much incentive to trade with the U.S.

The 10% tariff on everything else is , in and of itself, enough of a tariff to destroy a lot of potential trade. The market is looking happy now- but if they all do the math, it’s still not good for our economy.
Click to expand...
Also, trade with the UK represents only 3% of our entire trade. This deal is not a big deal, but I guess it's a start.
 
Boom! Trade temporary deal - as both sides walk back US China tariffs for a short period of time- back to only 10% for US Goods to China, and 30% on Chinese goods flowing into the U.S. the term is for 90 days.

Those rates are down from 145%/ 125% rates Trump put on Chinese goods two weeks ago. White House announces deal.
(As of 03:40 am Monday Eastern time)

US and China agree to slash tariffs for 90 days​

Source: BBC

8 minutes ago


US and China have agreed a temporary cut to the tariffs they impose on each other's imports. US Treasury Secretary Scott Bessent said both countries would lower their reciprocal tariffs by 115% for 90 days.

The announcement came after both China and the US had held trade talks in Switzerland over the weekend, which Bessent had previously described as "productive and constructive".

It was the first meeting between the two countries since US President Donald Trump had levied steep tariffs against China on its goods entering America in January.

Trump had imposed a 145% tariff on Chinese imports, while Beijing responded with a 125% levy on some US goods. The huge tariffs caused turmoil in the financial markets and sparked fears of a global recession.

Read more: https://www.bbc.com/news/articles/czx0ry7kdk5o

 
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The 30% still left in is still gong to have repercussions. But at lest this will allow some smaller and mid-size importers to have a little breathing room.

That 30% remaining even now will mean higher prices for American customers for foreign imports, and likewise for exporters. It’s a tax hit of 30% new taxes regardless. I have no idea if that 30% rate will kick huge inflation, or if the economy will simply fall as a result. He’s flying blind here.
 
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Hold it- new info from the White House- it looked is like they both drop tariffs both ways to 10%, if I’m reading this correctly:
Can I get a second opinion? Is that how you read this?

Joint Statement of US and China:
www.whitehouse.gov

Joint Statement on U.S.-China Economic and Trade Meeting in Geneva

The Government of the United States of America (the “United States”) and the Government of the People’s Republic of China (“China”), Recognizing the
www.whitehouse.gov www.whitehouse.gov
 
James48843 said:
Hold it- new info from the White House- it looked is like they both drop tariffs both ways to 10%, if I’m reading this correctly:
Can I get a second opinion? Is that how you read this?

Joint Statement of US and China:
www.whitehouse.gov

Joint Statement on U.S.-China Economic and Trade Meeting in Geneva

The Government of the United States of America (the “United States”) and the Government of the People’s Republic of China (“China”), Recognizing the
www.whitehouse.gov www.whitehouse.gov
Click to expand...
That's what it looks like to me.
Aren't we back to the beginning of everything before the Tariffs fiasco?
 
OK, I'll bite. I'm no expert on tariffs, and neither are most people, and a Monday morning scorecard would be nice to see. But reciprocity and dealing with fentanyl imports were goals that have been addressed.

The stock market is up, but only to where it was in March and November, so maybe not euphoria, but celebrating the potential end of a war.

The extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency under the International Emergency Economic Powers Act (IEEPA).

  • Until the crisis is alleviated, President Donald J. Trump is implementing a 25% additional tariff on imports from Canada and Mexico and a 10% additional tariff on imports from China. Energy resources from Canada will have a lower 10% tariff.
  • President Trump is taking bold action to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poisonous fentanyl and other drugs from flowing into our country.
  • The orders make clear that the flow of contraband drugs like fentanyl to the United States, through illicit distribution networks, has created a national emergency, including a public health crisis. Chinese officials have failed to take the actions necessary to stem the flow of precursor chemicals to known criminal cartels and shut down money laundering by transnational criminal organizations.
Click to expand...
www.whitehouse.gov

Fact Sheet: President Donald J. Trump Imposes Tariffs on Imports from Canada, Mexico and China

ADDRESSING AN EMERGENCY SITUATION: The extraordinary threat posed by illegal aliens and drugs, including deadly fentanyl, constitutes a national emergency
www.whitehouse.gov www.whitehouse.gov


AMERICAN ACTIONS: The United States will remove the additional tariffs it imposed on China on April 8 and April 9, 2025, but will retain all duties imposed on China prior to April 2, 2025, including Section 301 tariffs, Section 232 tariffs, tariffs imposed in response to the fentanyl national emergency invoked pursuant to the International Emergency Economic Powers Act, and Most Favored Nation tariffs.
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www.whitehouse.gov

Fact Sheet: President Donald J. Trump Secures a Historic Trade Win for the United States

SECURING ANOTHER HISTORIC DEAL: Today, on the heels of the brand-new deal with the United Kingdom, President Donald J. Trump reached an agreement with
www.whitehouse.gov www.whitehouse.gov
 
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Has the fentanyl issue been addressed? China still believes it's a USA issue.
www.yahoo.com

China says fentanyl issue is responsibility of the United States

BEIJING (Reuters) -The responsibility of tackling the fentanyl issue in the United States lies within the U.S. itself, China's foreign ministry said on Tuesday, rejecting the punitive tariffs Washington imposed on Beijing for not stemming the inflow. China has repeatedly said fentanyl is a U.S...
www.yahoo.com www.yahoo.com
 
weatherweenie said:
Has the fentanyl issue been addressed? China still believes it's a USA issue.
www.yahoo.com

China says fentanyl issue is responsibility of the United States

BEIJING (Reuters) -The responsibility of tackling the fentanyl issue in the United States lies within the U.S. itself, China's foreign ministry said on Tuesday, rejecting the punitive tariffs Washington imposed on Beijing for not stemming the inflow. China has repeatedly said fentanyl is a U.S...
www.yahoo.com www.yahoo.com
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Remember that 2008 Chinese milk scandal where Sanlu's baby formula poisoned 300K children, killing six?

4 Sentenced to life, two executed, point being if PRC wanted to stop it they can.

Meanwhile Over a quarter of a million Americans have died from a fentanyl overdose since 2018.
As of December 2023, Chinese authorities granted forty fentanyl production licenses to five domestic pharmaceutical companies.
 
Has the fentanyl issue been addressed? China still believes it's a USA issue.
Click to expand...

I would say yes since, according to your article, China is paying a 20% additional tariff because they aren't taking responsivity. But honestly, I plead ignorance to what is really happening with the fentanyl issue in China, but I believe Canada and Mexico also addressed it in their deals. But again, did anything happen? I don't know.

China has repeatedly said fentanyl is a U.S. issue and the tariffs imposed on China because of that are unreasonable, said Lin Jian, a ministry spokesperson, when asked at a regular news conference if fentanyl would be discussed in future trade talks.

Trade tensions between the world's two biggest economies have eased as both sides pledged to sharply lower tariffs on each other's goods following talks in Switzerland over the weekend.

But Washington did not remove the 20% tariffs it imposed on Chinese goods as it said that Beijing had not done enough to stop the fentanyl epidemic in the U.S.
Click to expand...
 
weatherweenie said:
Meanwhile the question I can't find the answer to is, are tarrifs lower than when this began? I'm thinking they aren't which means our prices are going to going up.
Click to expand...
There are still huge tariffs in place- more than when this began. So, yes, prices are going up, and trade is still now adversely affected by tariffs compared to six months ago.

Meanwhile - Trump announced a lowering of China de minimus tariffs- but it is still a minimum $100 tariff to order anything from China.

Trump Slashes ‘De Minimis’ Tariffs on Small Shipments From China

HONG KONG/SHANGHAI May 13 (Reuters) - The United States will cut the "de minimis" tariff for low-value items imported from China, a White House executive order said on Monday, further de-escalating a potentially damaging trade war between the world's two largest economies.

While their joint statement in Geneva didn't mention the de minimis duties, the White House order released later said the levies will be reduced to 54% from 120% for items valued at up to $800 sent from China via postal services, with a flat fee of $100 to remain, starting from May 14.

More:
 
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