Kuminga

Wesley_Hilliard said:

Kuminga said:

Wesley_Hilliard said:

Kuminga said:

Wesley_Hilliard said:

Kuminga said:

avidthinker said:

Throughout this whole trade war debacle, it's pretty clear old Donnie boy knows nothing about economics, something he majored in college!

Maybe Wharton should look into revoking his degree, because clearly he didn't learn a damn thing!

This is an amazing deal from America. Please look again 

How is Vietnam paying nothing for US goods and Americans paying more for goods from Vietnam a win? Americans are the losers here. We're paying more. How is that a deal?

Kuminga said:

Besides the headline rate numbers, The fact Vietnam was willing to open up their entire market with no trade barriers is a huge deal for US farmers . This is an amazing deal. You  are

Right, different countries have different situations, but if this is framework . HOLY 💩🇺🇸🇺🇸🇺🇸🇺🇸

Farmers export $120 billion worth of goods from the US. Vietnam imports a total of $3 billion ish in agriculture, and only a percent of that from the US. They promised to increase imports from the US in February, but it won't be the full $3 billion. This is a blip considering the rest of the world is reducing their reliance on US goods thanks to the Trump tariff policy.

I see no victories in this trade policy or so-called "deal."

Let me try to explain, you have it backwards 

The 0 percent is a tariff that would be paid by Vietnam/US companies selling into Vietnam , so with 0 tariff, 

Say if us farmer wants to sell $100 of beef to Vietnam, it will be $100, but if there was a 20 percent tariff, that same beef will be $120 with tariff cost split between the two parties or paid by US farmers . So if domestic beef is $100, people in Vietnam will have to pay $120 for US beef. Why would they buy US beef?  That is assuming no trade barriers banning us beef like there was before this deal . Now U farmers have a more even playing field 

as for other way , they need the US consumer market so 
U companies can most likely make Vietnam companies who wants to sell into the USA pay most of the tariff in order to access US markets 

You just contradicted yourself in your own argument lmao

How? If you don’t want to understand it, I cannot help you.

Capital markets are mostly happy  with this deal so you keep doing what you do ok lol 

Why would Vietnamese people pay $120 for US beef as a result of a tariff, but when the roles are reversed, Vietnamese people absorb the cost of tariffs so prices don't go up in America? It's a direct contradiction.

coolfactor said:

Wesley_Hilliard said:

So Americans pay 20% to 40% more on all goods from Vietnam and people in Vietnam pay nothing. Good deal bro.

Should someone ban Trump from using the word "Tariff" because isn't he always using it backwards? He claims Vietnam will pay this tariff, but that's not tariffs work.... the importer pays, not the exporter. What are we missing here with Trump's thinking processes? Maybe he's redefined a tariff, and it's now an exporting tax?

sunman42 said:

Kuminga said:

0 percent for US companies into Vietnam is incredible

The fact Vietnam is wiling to agree to this show the ominous power of America 

Unlike the Felon-in-Chief and his Germanic capitalization of nouns, the Vietnamese trade officials realize that this will probably result in only a relatively small hit to their exports: it’s the initial US purchaser who pays the tariffs.

spheric said:

I was wondering what the hell made this happen… 

I've found the reason: 

https://www.nbcnews.com/news/amp/rcna208169

Of course, somebody is building a 1.5 billion dollar golf course…in Vietnam. 

Jesus Christ. 

Wesley_Hilliard said:

Kuminga said:

Wesley_Hilliard said:

Kuminga said:

avidthinker said:

Throughout this whole trade war debacle, it's pretty clear old Donnie boy knows nothing about economics, something he majored in college!

Maybe Wharton should look into revoking his degree, because clearly he didn't learn a damn thing!

This is an amazing deal from America. Please look again 

How is Vietnam paying nothing for US goods and Americans paying more for goods from Vietnam a win? Americans are the losers here. We're paying more. How is that a deal?

Kuminga said:

Besides the headline rate numbers, The fact Vietnam was willing to open up their entire market with no trade barriers is a huge deal for US farmers . This is an amazing deal. You  are

Right, different countries have different situations, but if this is framework . HOLY 💩🇺🇸🇺🇸🇺🇸🇺🇸

Farmers export $120 billion worth of goods from the US. Vietnam imports a total of $3 billion ish in agriculture, and only a percent of that from the US. They promised to increase imports from the US in February, but it won't be the full $3 billion. This is a blip considering the rest of the world is reducing their reliance on US goods thanks to the Trump tariff policy.

I see no victories in this trade policy or so-called "deal."

Let me try to explain, you have it backwards 

The 0 percent is a tariff that would be paid by Vietnam/US companies selling into Vietnam , so with 0 tariff, 

Say if us farmer wants to sell $100 of beef to Vietnam, it will be $100, but if there was a 20 percent tariff, that same beef will be $120 with tariff cost split between the two parties or paid by US farmers . So if domestic beef is $100, people in Vietnam will have to pay $120 for US beef. Why would they buy US beef?  That is assuming no trade barriers banning us beef like there was before this deal . Now U farmers have a more even playing field 

as for other way , they need the US consumer market so 
U companies can most likely make Vietnam companies who wants to sell into the USA pay most of the tariff in order to access US markets 

You just contradicted yourself in your own argument lmao