beat me to it
It seems odd they are now complaining the USA are putting tariffs on when they already have them in place?
Problem is, Trump is full of shit, so it is more than likely rubbish
[Politics] Donald Trump, US President
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It seems odd they are now complaining the USA are putting tariffs on when they already have them in place?
Problem is, Trump is full of shit, so it is more than likely rubbish
mr sheen
Well-known member
- Jan 17, 2008
- 1,593
Seen this explainer
How did the Trump White House calculate the tariffs?
Many people have been asking how the Trump administration worked out its tariffs, while many countries have been arguing the numbers bear no relationship with reality.New Zealand’s trade minister insisted his country did not apply a 20% tariff to US imports, as suggested by Washington, while Australia’s prime minister, Anthony Albanese, insisted the US tariffs had “no basis in logic” and that “a reciprocal tariff would be zero, not 10%.”
One journalist claims to have discovered the answer, and analysts are suggesting he is likely correct.
“They didn’t actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country’s exports to us,” financial writer James Surowiecki wrote in a post on X.
“So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us.”
Then that number was divided in half as Trump said he was being “kind”. He also said the tariff calculations included “currency manipulation and trade barriers”.
An explanation of the calculations later posted on the office of the US trade representative appeared to confirm that the administration had used trade deficits divided by imports.
Mike O’Rourke, chief marketing strategist at Jones Trading, was quoted by CNN as saying:
GrizzlingGammon
Well-known member
- Dec 15, 2018
- 2,187
Barriers to US trade include, "delays in EU approvals for genetically modified crops or bans on agricultural imports containing residues of certain types of pesticides".
Who wants some pesticide coated yummy goodness?
Who wants some pesticide coated yummy goodness?
- Jan 25, 2025
- 887
What doesn’t kill you, makes you….nah, it probably kills you. American life expectancy is years below Europe’s. That can’t all be “because guns”.
dolphins
Well-known member
Heard somewhere that they saw VAT as a direct, targetted tariff on their goods ignoring the fact it is charged even on UK goods.
Papa Lazarou
Living in a De Zerbi wonderland
He's a moron
Deportivo Seagull
I should coco
I’ve worked with a couple of morons and they would be, quite rightly, very offended by that!
Thunder Bolt
Silly old bat
Trump has placed a 10% tariff on the Heard and McDonald Islands (Australian) which are uninhabited apart from penguins.
Fignon's Ponytail
Well-known member
Those damn penguins have been pillaging and raping the US economy for decades...they deserve it
Thunder Bolt
Silly old bat
Those damn penguins have been pillaging and raping the US economy for decades...they deserve it
BadFish
Huge Member
- Oct 19, 2003
- 19,718
The male penguins sit on the egg, they are bloody woke and should be paying more.
Thunder Bolt
Silly old bat
Those damn penguins have been pillaging and raping the US economy for decades...they deserve it
Maybe he got confused with imports of chocolate biscuits.
Greg Bobkin
Silver Seagull
- May 22, 2012
- 17,538
I'm fascinated to see how he will blame Biden for the stock market PLUMMETING yesterday and – presumably – today too...
Thunder Bolt
Silly old bat
Seemingly they used AI to work the tariffs hence the cost of running a military base, showed up as a deficit, so Diego Garcia gets one, despite it only being troops there.
Might have been missed in all the tariff-talk, but he lost a vote in the Senate yesterday...
www.theguardian.com
Republicans join Democrats in Senate vote to rescind Trump Canada tariffs
Resolution that would block tariffs passes 51-48 in Senate, in vote that shows Republican unease over president’s plans
www.theguardian.com
- Jan 25, 2025
- 887
There are reports that the entire f***ing policy might be from ChatGPT - some users have apparently been able to recreate it.
Your daily reminder that artificial intelligence is not “intelligent” at all.