Meanwhile, Trump Scores a Win with the European Union on Tariffs

[zaangalewa]

My BMW days are over ...

All happy days will eventually be a thing of the past. I hope you had a lot of fun with your BMW.



By the way: Do you know that BMW had been before Trump came the greatest exporter of cars "made in the USA"? With Donald Trump started the problem that BMW was not able to sell cars "made in the USA" in China any longer. I don't know what's currently going on in the USA but I hope BMW will not have to close the production of cars in the USA at all. And how many of the million jobs of US-Americans in German companies in the USA will go lost I also do not know.

 

[Seymour Flops]

From 1.5% to 15% in one minute. From 15% to 1.5 percent in 100 years. Congrats USA.

Thanks!

The extra revenue will come in handy, and our manufacturing industries will benefit!

I'm really astonished that all leading politicians in Europe seem indeed to be convinced Donald Trump is really the narcissistic idiot he plays to be. Perhaps this uncriticisable idiot is even more dangerous than I previously thought. What know our leading politicians about the high traitor Donald Trump what I do not know?

Answering a post about an important event with a content-free anti-Trump rant.

Well done!

How is this a win-win?

Pre-Trump the Federal Government of the US taxed US companies about 1.5% tariff on EU goods. Now the federal government is taxing US companies 15% tariff on EU goods, a 10Xs increase.

Basically we just agreed to tax ourselves 15% on things and the EU said "charge what you want, we are not taxing our citizens any more than we are today".

Static reasoning at its best (meaning worst).

The U.S. E.U. trade surpluss in manufactured goods has exceeded a trillion dollars.

This tariff will work to reduce that imbalance, while at the same time taking advantage of it to generate revenue.

As to tariffs on European goods actually being a tax on Americans and American companies, well that is one way to look at it. But it is the most voluntary tax possible. In order to avoid it, companies and Americans need only buy American goods.

Which is a "good" thing.

 

[task0778]

Tariffs dont increase prices to consumers manufacturers pay them. Ever been to Europe?

A tariff is a tax imposed on imported goods, typically collected by customs authorities at the point of entry. While the tariff is paid directly by the importer bringing goods into the country, that financial burden often gets passed down the supply chain. This can result in higher prices for wholesalers, retailers and, ultimately, consumers. No doubt many of the businesses and individuals in that supply chain will look for ways to defray much of the increased tariff cost in numerous ways, it depends on the demand for the product or service.

But - even if the EU drops it's tariffs on our stuff exported to them, that doesn't mean foreign businesses and consumers will buy our stuff. I think it's possible that some EU consumers will be turned off by Trump's tariff tactics and decide not to buy American stuff even if it's cheaper than it was before. And that includes non-tariffed stuff too. So - if Trump's tariffs end up being about what they were when he took office, how does that convince US manufacturing businesses to come home? It ain't linear, the democrats do that all the time with tax rate increases, well guess what, tariffs are a tax too.

 

[Hafar1014]

A tariff is a tax imposed on imported goods, typically collected by customs authorities at the point of entry. While the tariff is paid directly by the importer bringing goods into the country, that financial burden often gets passed down the supply chain. This can result in higher prices for wholesalers, retailers and, ultimately, consumers. No doubt many of the businesses and individuals in that supply chain will look for ways to defray much of the increased tariff cost in numerous ways, it depends on the demand for the product or service.

But - even if the EU drops it's tariffs on our stuff exported to them, that doesn't mean foreign businesses and consumers will buy our stuff. I think it's possible that some EU consumers will be turned off by Trump's tariff tactics and decide not to buy American stuff even if it's cheaper than it was before. And that includes non-tariffed stuff too. So - if Trump's tariffs end up being about what they were when he took office, how does that convince US manufacturing businesses to come home? It ain't linear, the democrats do that all the time with tax rate increases, well guess what, tariffs are a tax too.

Trumps deal is huge success in many ways. The Union caved quickly because they need to export to us far more than we need to export to them. Europe has top heavy socialist economy with high taxes and a VAT tax. What have they invented lately? Nothing. They are dependent on us for tech, defense, pharmaceuticals literally any innovation. Their standard of living is like America in the 60s.
They will buy energy so they can stop buying form Russia, weapons, and many American products are in high demand. They dont like our food and they are correct. This is win win for both

 

[task0778]

Trumps deal is huge success in many ways. The Union caved quickly because they need to export to us far more than we need to export to them. Europe has top heavy socialist economy with high taxes and a VAT tax. What have they invented lately? Nothing. They are dependent on us for tech, defense, pharmaceuticals literally any innovation. Their standard of living is like America in the 60s.
They will buy energy so they can stop buying form Russia, weapons, and many American products are in high demand. They dont like our food and they are correct. This is win win for both

I don't think the tariff deal is all that huge. The EU was going to buy energy and military from us anyway, and while some American products might be in high demand, some will not and Trumps bullying is not going to help the demand for anything that is American-made. Simply put, Trump is pissing a lot of people off and there are economic consequences for that at the consumer level.

It sounds like Trump's tariffs will increase the price somewhat on imports into the US but not substantially, which means inflation will be minimally impacted and that's good. But I kinda doubt the US Balance of Trade will change much, imports may drop but so will exports. And where is the win for domestic manufacturing coming from? Sorry, not seeing it. American businesses overseas have said they'll reshore here but saying it and doing it are 2 different things. And I do not see the rise in existing US exports as substantial. Some say it's all good while others say otherwise. But history says that in the long run tariffs don't work out as promised.

 

[Hafar1014]

I don't think the tariff deal is all that huge. The EU was going to buy energy and military from us anyway, and while some American products might be in high demand, some will not and Trumps bullying is not going to help the demand for anything that is American-made. Simply put, Trump is pissing a lot of people off and there are economic consequences for that at the consumer level.

It sounds like Trump's tariffs will increase the price somewhat on imports into the US but not substantially, which means inflation will be minimally impacted and that's good. But I kinda doubt the US Balance of Trade will change much, imports may drop but so will exports. And where is the win for domestic manufacturing coming from? Sorry, not seeing it. American businesses overseas have said they'll reshore here but saying it and doing it are 2 different things. And I do not see the rise in existing US exports as substantial. Some say it's all good while others say otherwise. But history says that in the long run tariffs don't work out as promised.

Under Biden we didnt have the energy to sell them making them depend on Russia. Tariffs will bring in 300 billion a year which in 4 years can wipe out the deficit.

 

[Seymour Flops]

I don't think the tariff deal is all that huge. The EU was going to buy energy and military from us anyway,

Let me pause right there and ask if you have evidence of that?

and while some American products might be in high demand, some will not and Trumps bullying is not going to help the demand for anything that is American-made. Simply put, Trump is pissing a lot of people off and there are economic consequences for that at the consumer level.

Not really a logical argument at all.

It sounds like Trump's tariffs will increase the price somewhat on imports into the US but not substantially, which means inflation will be minimally impacted and that's good. But I kinda doubt the US Balance of Trade will change much, imports may drop but so will exports. And where is the win for domestic manufacturing coming from? Sorry, not seeing it. American businesses overseas have said they'll reshore here but saying it and doing it are 2 different things. And I do not see the rise in existing US exports as substantial. Some say it's all good while others say otherwise. But history says that in the long run tariffs don't work out as promised.

Suppose the balance of trade remains exactly the same.

15% of imports will be taxed that previously was taxed at less than 2%. More revenue for the government derived only from people who choose to buy non-American goods, specifially European goods.

Some pretentious sweater-wearing professor of literature prefers to buy an electric BMW instead of a Dodge Ram, then he can pretend to complain about the tariff as a way to show off his wealth ("but since I have the means, I simply cannot pass it up") and another reason to whine about Trump.

See what I mean about win-win?

 

[InstantOn]

15% on both sides? You know that the EU tariffs on American goods were basically zero until tRump stuck his tiny little mariokart mushroom in, right?

Tariffs on goods imported from the EU was 1.5%. It's a tax on consumers. MAGAts are cheering that everything is going to cost more. Hope you can afford to buy the pharmaceuticals that are keeping you alive.

 

[Hafar1014]

It is with no doubt a win we get money they open their markets we get to replace Russian LNG with ours. Jobs go up manufacturing goes up national income goes up. None f this could happen with a Biden administration.
Trump has leverage and knows how to use it.

 

[zaangalewa]

Meh, don't care one way or the other. ...

I forgot. You are an US-American.

 

[zaangalewa]

It is with no doubt a win we get money ...

Fine. Then you are able to buy some German optronic products for your AI ambitions - or not? Yesterday I heard by the way that AI's try to avoid to work together with human beings. Too slow for the input they need.

 

[zaangalewa]

A tariff is a tax imposed on imported goods, typically collected by customs authorities at the point of entry. While the tariff is paid directly by the importer bringing goods into the country, that financial burden often gets passed down the supply chain. This can result in higher prices for wholesalers, retailers and, ultimately, consumers. No doubt many of the businesses and individuals in that supply chain will look for ways to defray much of the increased tariff cost in numerous ways, it depends on the demand for the product or service.

But - even if the EU drops it's tariffs on our stuff exported to them, that doesn't mean foreign businesses and consumers will buy our stuff. I think it's possible that some EU consumers will be turned off by Trump's tariff tactics and decide not to buy American stuff even if it's cheaper than it was before. And that includes non-tariffed stuff too. So - if Trump's tariffs end up being about what they were when he took office, how does that convince US manufacturing businesses to come home? It ain't linear, the democrats do that all the time with tax rate increases, well guess what, tariffs are a tax too.

Trumps politics is the tyrant rule "divide et impera". If everyone else is weak then he is great. Indeed this machine gun liar is great in intrigance and in making weak. His problem is to rule because he never learned anything else than intrigance. He's like an air conditioner that cools in winter – better than any winter – and heats in summer – better than any summer. So why bother with climate fanatics when you have the greatest of all greatest Trump's? The more money he binds with nonsense the less money is available for senseful things.

 

[citygator]

Thanks!

The extra revenue will come in handy, and our manufacturing industries will benefit!


Answering a post about an important event with a content-free anti-Trump rant.

Well done!


Static reasoning at its best (meaning worst).

The U.S. E.U. trade surpluss in manufactured goods has exceeded a trillion dollars.

View attachment 1141865

This tariff will work to reduce that imbalance, while at the same time taking advantage of it to generate revenue.

As to tariffs on European goods actually being a tax on Americans and American companies, well that is one way to look at it. But it is the most voluntary tax possible. In order to avoid it, companies and Americans need only buy American goods.

Which is a "good" thing.

Why do you care about an “imbalance”? Do you know what that means? It means that the product we are buying is a better deal. So now you are paying more for the SAME STUFF you were buying last year. What is that “good”?

 

[citygator]

I know how we can raise wages all across America. If we levy a business Tax for 15% of all goods like we are doing in tariffs we can supplement wages by about 30% for the average worker. Somehow I don’t think right wing geniuses would be lining up and crowing about higher prices for workers’ benefit.

The disconnect in logic to appease your Orange God is stunning.

If we’re fine paying 15% more for goods due to tariffs that fund nothing, imagine if we instead taxed all goods 15% and used the money to directly raise workers’ pay by 30%.

 

[zaangalewa]

Under Biden we didnt have the energy to sell them making them depend on Russia. Tariffs will bring in 300 billion a year which in 4 years can wipe out the deficit.

300 billions a year = ~ $1,000 a year per inhabitant of the USA. For a family with three children this are $5,000. And because the richer people pay relativelly less taxes it are perhaps even $6,000 or $8,000 for this hypothetic normal family.

Prophecy: Nevertheless in 4 years your deficit will be higher on whatever other fake-plausible reason. Or Trump will use his famous trumpamethics for calculations. Then every other thinkable result also will be possible - but mean nothing.

 

[Nuthin' Fancy]

Under Biden we didnt have the energy to sell them making them depend on Russia. Tariffs will bring in 300 billion a year which in 4 years can wipe out the deficit.

You're more delusional than Trump is.
Trump really loves you.

 

[Hafar1014]

You're more delusional than Trump is.
Trump really loves you.

In order to replace the Russian LNG in Europe we have to increase our production. Biden killed it Trump is supporting it. We get thousands of jobs, Russia gets weaker and everyone wins except democrats who look like losers

 

[Nuthin' Fancy]

In order to replace the Russian LNG in Europe we have to increase our production. Biden killed it Trump is supporting it. We get thousands of jobs, Russia gets weaker and everyone wins except democrats who look like losers

You're FOS.

Europe, Germany and the Continued Benefits of U.S. LNG ...​

API.org
https://www.api.org › blog › 2023/07/05 › europe-ger...
Jul 5, 2023 — The U.S. is poised to set a new record for LNG export capacity, about to add 5.1 Bcf/d in the first half of 2023, beating the full-year record ...

 

[toobfreak]

Pre-Trump the Federal Government of the US taxed US companies about 1.5% tariff on EU goods. Now the federal government is taxing US companies 15% tariff on EU goods, a 10Xs increase. Basically we just agreed to tax ourselves 15% on things and the EU said "charge what you want, we are not taxing our citizens any more than we are today".

Lessee: 190 other countries all levee tariffs on us and have for years, making it hard or impossible for us to sell our goods there and none of those people ever minded nor complained feeling they were getting a raw deal, but now that Trump is tariffing them back, it still blows up in /OUR/faces still costing us money?

Try this Bonebrain: Any tariff by Trump makes it harder for THEM to compete in the USA. If that ends up drastically raising the price of a product and if you agree to pay it, then that is YOUR fault.

Or you could just buy something else--- maybe made here?

Last I ever checked, there are very few if anything from any foreign country that I just HAD to buy.

See see Cupcake, the idea is to /DISCOURAGE/ you from buying their stuff! Not grumble how Trump is costing you more. By not buying the tariffed goods, you make the tariff work and the other country loses money, they sell less in the USA and their economy goes down, forcing them to negotiate for a better deal with us.

By bitching about tariffs, you are admitting to helping them fail, helping the other side, and working against America's own interests.

 

[JWBooth]

And what a win, US consumers will pay more for imports, Euros will not be charged extra for US imports with the added bonus that the Euros will pay far above the market price for imported petroleum regardless of the source.