Economy

[Icegodofhungary]

It's because the majority of his supporters are disillusioned uninformed angst ridden folk who will just clutch at anything thrown their way. They are too busy being angry to think about what it actually means to them.

These are people who will only realise what they have signed up for when the result is staring at them in the face, when it is too late.

Most of them are so enraptured with the cult of Trump / MAGA that they won't even realise it then, as Trump will find a way to misdirect the blame elsewhere. Tariffs are beautiful, it's because of (insert target of Trump rant here) that you're paying more for everything now.

[GoldfishMan]

I think we need to keep a closer eye on China bro. Everything is made in China and the US economy is driven 70% by consumption. Imagine as an importer of Chinese goods in the US you’re faced with a 34% price hike overnight - electronics, toys, furniture, clothes and just about anything made of plastic. If China’s economy slows down then we’ll be impacted especially mining. A US recession coupled with massive inflation is also on the cards.

I'd keep an eye on China but not for the same reason as you are. This situation creates the perfect setting for them to exert their influence on the world outside of the US. It's something they've been aspiring to do for more than the last decade, now it's being served up to them on a silver plate
.
Of course, their economy would have to first weather the storm of losing the US market.

[woodland]

The percentage of Chinese exports going to the US is only around 12%.

[thefatness]

The percentage of Chinese exports going to the US is only around 12%.

Yes that’s true but I think the announcement today was to also hit Chinese companies that have opened up shop across South East Asia to avoid the original trade war tariffs between China and America during Trump’s first term.

[HiredGoon]

Every Govt job advertised these days you need to be either indigenous or LBGTQ whatever the fuck it is to be considered.

This is obviously absurd and untrue.

[HiredGoon]

What does everyone think about these tariffs?

Before anyone shoots from the hip, let's look at the facts. Things have always been cheap in the USA. Take a look at the price of a Merc or a Bimmer, any model, in the USA vs the price you'd pay here. It's a joke. You're easily paying at least double the price buying the same car here. The same goes with just about any imported item you can think of.

How can things be so cheap in the USA? Well, because of tariffs of course! For all these years, the US have not been taxing the importation of foreign made products nearly as much as most other nations. Why did they do this? One can only imagine that it is because they (the USA gov) wanted their citizens to enjoy the fruits of their labour. Let their hard earned $$$ go further, they probably said.

So now we come to the Trump tariffs. He's really smart in doing this. He's dressed it up as "make America great again". Period. Full stop. But is it really just that? Hell no... The full statement is
"let's try to make America great again, but you'll have to start paying the same price for every luxury you've been enjoying hitherto as everyone else in the world. Small disclaimer: No guarantees that it'll work, but you'll still have to pay for it".

My honest opinion is they've got all the right to do this for their economy and it almost feels right. Why would they not tax importation of Mercs and Bimmers when their own Chevies are taxed to smithereens in Germany? That made no sense at all and totally feels like injustice.

So the likely outcome is, moving forward, Americans will be forced to pay the same price for Mercs and Bimmers as all of us. I personally applaud this. Bravo, well done Mr. Trump. FMD, I've always hated and envied how they could get stuff so cheaply. Now fuck em, they're actually being fucked over by the same guy that they voted into office! Do they know? I reckon not yet, but they will soon do!

Are you saying that the Australian tariff on cars from Germany is 100%? The price difference in a BMW between here and the US involves a lot of factors, I doubt tariffs have much to do with it. We have a luxury car tax, import duties (5%), higher dealer mark up, less competitive market, exchange rate etc.

The US worked out the tariffs for different countries by dividing the trade deficit with each country by the total amount imported from that country and then divided that by 2, the logic being that this will eventually result in equal trade with that country. This is moronic, not smart. Equal trade is totally unrealistic. They also didn't include industry providing services overseas, just goods so its completely skewed.

For example, U.S. goods exports to Vietnam in 2024 were $13.1 billion, U.S. goods imported from Vietnam totaled $136.6 billion, so the U.S. goods trade deficit with Vietnam was $123.5 billion. 123.5 billion divided by 136.6 billion is just over 90% so Vietnam gets a 46% tariff.

The reason for the trade deficit is that Vietnam produces much more that Americans want than the other way around. Tariffs are not going to change this, it just means another tax for American consumers from the supposedly "party of lower taxes" and probably the end of some Vietnamese businesses.

It also gives China an advantage, being a more stable and trustworthy trading partner after Trump has effectively ripped up the existing free trade agreements with countries like ours which means he can't be trusted to keep future agreements.

[GoldfishMan]

Are you saying that the Australian tariff on cars from Germany is 100%? The price difference in a BMW between here and the US involves a lot of factors, I doubt tariffs have much to do with it. We have a luxury car tax, import duties (5%), higher dealer mark up, less competitive market, exchange rate etc.

The US worked out the tariffs for different countries by dividing the trade deficit with each country by the total amount imported from that country and then divided that by 2, the logic being that this will eventually result in equal trade with that country. This is moronic, not smart. Equal trade is totally unrealistic. They also didn't include industry providing services overseas, just goods so its completely skewed.

For example, U.S. goods exports to Vietnam in 2024 were $13.1 billion, U.S. goods imported from Vietnam totaled $136.6 billion, so the U.S. goods trade deficit with Vietnam was $123.5 billion. 123.5 billion divided by 136.6 billion is just over 90% so Vietnam gets a 46% tariff.

The reason for the trade deficit is that Vietnam produces much more that Americans want than the other way around. Tariffs are not going to change this, it just means another tax for American consumers from the supposedly "party of lower taxes" and probably the end of some Vietnamese businesses.

It also gives China an advantage, being a more stable and trustworthy trading partner after Trump has effectively ripped up the existing free trade agreements with countries like ours which means he can't be trusted to keep future agreements.

I don't disagree with you about most of your points. Don't think you detected that I was being sarcastic when I applauded Mr Trump.

Mind you I don't think he's stupid. The American public who support him are stupid, not him. What's the definition of success out of all this? American producers get to sell more products to the American public at higher than expected prices due to the price of otherwise more competitive products being higher due to tariffs.

He's effectively robbing the American public to feed American capitalism.

[HiredGoon]

I don't disagree with you about most of your points. Don't think you detected that I was being sarcastic when I applauded Mr Trump.

Mind you I don't think he's stupid. The American public who support him are stupid, not him. What's the definition of success out of all this? American producers get to sell more products to the American public at higher than expected prices due to the price of otherwise more competitive products being higher due to tariffs.

He's effectively robbing the American public to feed American capitalism.

I see. Problem is that America is not in a position to produce a lot of products that have tariffs on them. They can’t just instantly produce industries to do that. He’s cunning and very self interested but that doesn’t mean he’s not an idiot.

[Folcis]

The US worked out the tariffs for different countries by dividing the trade deficit with each country by the total amount imported from that country and then divided that by 2, the logic being that this will eventually result in equal trade with that country. This is moronic, not smart. Equal trade is totally unrealistic. They also didn't include industry providing services overseas, just goods so its completely skewed.

Is that how it works? I didn't realise. What a fucking moron. If Canada is exporting something to you cheaper than you can make it yourself, that improves your cost of living as a consumer, in a country which exports services and imports consumer goods. I get that Trump wants to roll back the clock, but this is going to hurt his base bigly.

I think it is more likely the response from the rest of the world will be what Canada is currently trying to organise... just bypass the USA and conduct free trade with other countries. If they want to isolate themselves then good luck and I hope it works out for you, but we aren't obligated to trade with you and we aren't paying your tarrifs either. That'll be the importers / end consumers.

[BongoMongo]

I see. Problem is that America is not in a position to produce a lot of products that have tariffs on them. They can’t just instantly produce industries to do that. He’s cunning and very self interested but that doesn’t mean he’s not an idiot.

That’s assuming he cares about the American economy and the American people. The tariffs are definitely an idiotic move, but I don’t think he cares. As you say he’s more interested in lining his pockets and those of other elites that he can benefit from. He’s thrown off the western democratic ideals and gone back to creating extractive institutions…

[Double_Adapter]

What a load of fucken cow dribble and horse shit!

Trump ain't a fucken politician he's an old fat greedy business man that is running the US like a fucken giant business. It's all about greed, power, profits and money, and it ain't get any simpler than that!

As for our politicians they're all fucken spineless, clueless and crooked lying fuck wits - the only time a politician tells the truth is when he calls another politician a liar. Anyways everyone knows the only difference between a politician and a flying pig is the the letter F.

Plus you get more truth and facts from an Escorts & Babes ad than you do from governments, politicians, religions, science, education and the legal system.

[GoldfishMan]

I don't understand the tariffs. Is it imposed on goods imported into the USA that are manufactured or originate from a foreign country or they go by country of the company selling the product?

Eg. iPhones are made in China or Vietnam, but Apple is an American company. Do the tariffs apply to iPhones in this case when they are imported into the US market?

[clim]

I don't understand the tariffs. Is it imposed on goods imported into the USA that are manufactured or originate from a foreign country or they go by country of the company selling the product?

Eg. iPhones are made in China or Vietnam, but Apple is an American company. Do the tariffs apply to iPhones in this case when they are imported into the US market?

Tariffs apply in this case. Apple has to pay tariffs on the iPhone that they have manufactured outside of USA.

[asam46]

I just like the idea that the USA will bring back manufacture from places like Vietnam. That’s what will make America great. All these Nike employees in the USA doing design, finance, research, marketing, sales etc. They need to stop doing those dumb jobs at $30-100 per hour and start making footwear and apparel for $0.20 a piece.

[Hedonisticfun]

What a load of fucken cow dribble and horse shit!

Trump ain't a fucken politician he's an old fat greedy business man that is running the US like a fucken giant business. It's all about greed, power, profits and money, and it ain't get any simpler than that!

As for our politicians they're all fucken spineless, clueless and crooked lying fuck wits - the only time a politician tells the truth is when he calls another politician a liar. Anyways everyone knows the only difference between a politician and a flying pig is the the letter F.

Plus you get more truth and facts from an Escorts & Babes ad than you do from governments, politicians, religions, science, education and the legal system.

Maaaate .. you nailed it !!!!!
Now tell us how you really feel hahaha
Seriously WELL FUCKING SAID !!!!

[Hedonisticfun]

How do you think the economy is going guys?

Stock market collapses, prices slightly down a bit in recent weeks, not sure because people are cutting costs hence demand is down or because the side effect of Trump's New Tarriff (TNT).

This is the first time a leader deliberately bring down the stock market and openly do that... though im not 100% agree but he has that all in or die mentality, hence im interested to see the results.

How is everyone think they will be doing financially by year end? Hope all good... i know some of us probably sold their investment properties to be on safe zone, and its not easy...

The economy is what all you punters do to the sex industry workers

Paying over a 1.5 million dollars for the average house in Sydney is a starting point

A can of coke $3.95 at a shop not your overpriced servo or convenience shop for $4.95

Lots more examples where people are just a rent or mortgage payment away from being homeless and doesn't appear to be any letup soon

[HiredGoon]

I just like the idea that the USA will bring back manufacture from places like Vietnam. That’s what will make America great. All these Nike employees in the USA doing design, finance, research, marketing, sales etc. They need to stop doing those dumb jobs at $30-100 per hour and start making footwear and apparel for $0.20 a piece.

Make America great by increasing the amount of working poor? There's no way the US can produce those things at the low cost VN can. What's wrong with service industry jobs?

A lot of US manufacturing industries (like the auto industry) rely on some parts manufactured overseas too so the price of those cars will increase. Ford is already laying off workers.

[BongoMongo]

What’s clear is that this is a turning point in world history for better or worse. A hundred years from now, people will look back and pinpoint the exact moment when the script flipped…I guess we had a good run of 80 years or so. Welcome to the beginning of the new world order.

[Ziggurat]

What’s clear is that this is a turning point in world history for better or worse.

What do you mean by "better?"

He's wreaking all this havoc and thinks "Gard" intervened for him to do it by slightly diverting the bullet.

[GoldfishMan]

Make America great by increasing the amount of working poor? There's no way the US can produce those things at the low cost VN can. What's wrong with service industry jobs?

A lot of US manufacturing industries (like the auto industry) rely on some parts manufactured overseas too so the price of those cars will increase. Ford is already laying off workers.

You couldn't detect his sarcasm? Come on...