longfang

slickdealer said:

The most likely scenario remains that China lowers tariffs on US goods and our reciprocal tariffs automatically adjust.  

Why all of these articles fail to mention how reciprocal tariffs work baffles me. 

DAalseth said:

foregoneconclusion said:

The governor of California is going to call Trump’s bluff by ignoring the federal tariff and negotiate directly with other countries on tariffs. Seems like a decent strategy considering that the Trump tariffs are entirely dependent on the claim that the national debt has created a national emergency that gives the president the power to levy tariffs. In other words, the White House is likely violating the law and California is going to respond in kind.

I question that. States Rights are one thing, but international trade, including treaties and tariffs are federal jurisdiction. I question if Cal can just go their own way, refuse to take part and negotiate their own agreements. That would be a Constitutional Law question, but it’s my impression that won’t stand scrutiny. 

jfabula1 said:

lordjohnwhorfin said:

I still can’t believe people voted for this moron. It’s sad to see the pathetic joke this once great country has become.

So what do you want to do w the $36T debt? This guy has the balls to do something about it. We been ripped off for a long time. Americans are just buying & consuming cheap imports. Just look at your closets, your house, probably 99% are all imported by greedy importers. TEMU anyone?? Probably 90% are not utilized. 

 

timmillea said:

Trump's tariffs only affect goods imported in to the USA. Retaliatory tariffs will affect goods exported from the USA. The bulk of Apple's sales are not in the USA and almost all of its manufacturing is outside the USA. Hence most of Apple's business will be unaffected.

Trump has created an incentive to manufacture in the USA for domestic consumption but also an incentive to manufacture outside the USA for sales in the rest of the World. As manufacturing costs are higher in the USA, the net effect is likely to be higher prices but only in the USA. 

longpath said:

I read this situation as a classic case of politicians ruling on subject matter they are functionally illiterate on. It's not localized. I regard it as endemic to the political class, everywhere. It's not a left or right issue. It is an issue of authoritarianism & presumption of competence where none exists. I see it often in areas of technology and economics. This is not a case of "our politicians" vs "their politicians".  Politicians frequently presume they know better, about anything they can force through threat of violence, as all laws ultimately are, with little to no consideration of the consequences. 

https://www.theatlantic.com/politics/archive/2016/06/enforcing-the-law-is-inherently-violent/488828/

https://rlo.acton.org/archives/87651-yes-law-is-inherently-violent-but-thats-not-the-problem.html

https://www.bloomberg.com/view/articles/2014-12-04/law-puts-us-all-in-same-danger-as-eric-garner