Tariffs Explained - Pyramyd AIR Insyder

[Trucker3573]

Just have to keep our fingers crossed. I say our because I believe the vast majority here come from the same err angle I’d say. Let’s hope there is some pot of gold at the end of this “rainbow”. There are so many good things going on and unfortunately one thing can send it completely off the rails 100%. Economic downturn…

 

[TerminusAirgunner]

View attachment 557905

Sad to see these tariffs are driving costs of everything up. I really hope it doesn't last.

 

[DonEnzone]

I think that with increasing debt one has to wonder whether our economic performance is really impressive?

But maybe not too much longer? Hopefully we will see how much more impressive the U.S. could be doing when trading relationships are more equitable...

I guess we'll have to wait and see, but as long as the Dollar remains the world's reserve currency the US is still in a good position. And I don't see that changing anytime soon. I hope you guys can stay on top because despite my critisisms of the current administration, I like the American people.

 

[MongooseV8]

And yet, the US has remained comfortably on top as the richest country in the world. There are individual states who's GDP surpasses entire countries, like Japan. California alone cracks the top 5 biggest economies in the world.

Quite impressive for a country that is allegedly being taken advantage of left and right.

When can I expect you to send me a check if that is how you feel? There is no allegedly in this situation, the US has been supplementing the globe through lopsided trade for many decades. Just because we have more wealth doesnt make it ok for other countries to take advantage. You can work hard and strive to do better in your part of the world too. Im starting to think most people dont understand basic economical terms and concepts. Its like we all need to repeat middle school or high school lol.

And I think Im going to stop before I get into trouble

 

[greenbeans]

When can I expect you to send me a check if that is how you feel? There is no allegedly in this situation, the US has been supplementing the globe through lopsided trade for many decades. Just because we have more wealth doesnt make it ok for other countries to take advantage. You can work hard and strive to do better in your part of the world too. Im starting to think most people dont understand basic economical terms and concepts. Its like we all need to repeat middle school or high school lol.

And I think Im going to stop before I get into trouble

Don’t stop, this is an interesting discussion and pretty civilized and respectful imo!

Would like to hear your thoughts on what I commented earlier (like, the numbers for US/EU tariffs pre-2017 and how they constitute a lopsided trade deal for example ).

 

[DonEnzone]

When can I expect you to send me a check if that is how you feel? There is no allegedly in this situation, the US has been supplementing the globe through lopsided trade for many decades. Just because we have more wealth doesnt make it ok for other countries to take advantage. You can work hard and strive to do better in your part of the world too. Im starting to think most people dont understand basic economical terms and concepts. Its like we all need to repeat middle school or high school lol.

And I think Im going to stop before I get into trouble

You have not provided a single concrete example of these so-called lopsided trade deals. Instead you do the same thing as the current leadership and just keep repeating how the US has been "mistreated", without elaborating.

You talk about trade deficits, which are completely normal. A country where the minimum wage is less than 200 bucks cannot afford expensive american goods, so obviously their exports are going to vastly exceed their imports.

You talk about EU tariffs on US goods, which are (or used to be) on specific goods only. And the US has been taxing certain European imports just as well. It was handled on a case by case basis. There was no universal tax on American goods until recently, when this trade war started.

As an example: Our laws surrounding food safety are a lot more strict than the US's, and so certain US food products are taxed to keep production "in-house" as much as possible.

If this was really about fairness, how come Australia got the same tariff placed on them as the EU, when the US has a trade surplus with Australia? It's all over the place.

Heck, you are parrotting a president who blasted the previous trade deal with Canada, forgetting that he himself was the one who made that deal xD