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It's not like the tariffs are gone. It's still 10% for everyone but China. That only seems small in comparison to what was being proposed before. I wonder will
by StormChaser_5 1y ago
It's not like the tariffs are gone. It's still 10% for everyone but China. That only seems small in comparison to what was being proposed before.
I wonder will EU and others wait out 90 days while negotiating or match the 10% in kind
- shaky-carrousel 1y agoHopefully EU will still go ahead with the tariffs. We should not be dancing at the tune of the mad king.
- jopsen 1y agoYes, but what's the rush here? The EU should do what does best: make things boring. If retaliatory tariffs is the way to go, maybe do it the boring way: considered bit by bit, no flashy announcement. Or just make a 10 year deal on LNG so Trump can say we're paying the US money every year.
- delusional 1y agoThat seems to be the current strategy, and I happen to appreciate it. I'm pretty mad a the US for fucking up the entire world right now, but I also realise that acting on that anger is a bad idea. I appreciate the EU having some long discussions while the emotions fade.
- kalleboo 1y ago> The EU should do what does best: make things boring Exactly, the absolute best thing the EU could do right now is project stability
- paulddraper 1y agoYou think that's gonna be the best outcome? EU already had 10% tariffs on all US autos. (Though tbf most other things were near zero.)
- MaxHoppersGhost 1y agoEU has already had tariffs on US goods for a long time.
- seanmcdirmid 1y agoNot as broadly to that extent though. Trump's tariffs are 10% of anything, so Europe will reciprocate in kind.
- rufus_foreman 1y ago>> Trump's tariffs are 10% of anything What percentage is VAT in Europe? Typically around 20%? Maybe Trump should enact a 10% sales tax instead of a tariff and then everyone would obviously be completely fine with it, problem solved.
- Hikikomori 1y agoVAT are not tariff, we pay it on domestic products as well.
- pjc50 1y agoYes, because that would apply equally to US businesses.
- olejorgenb 1y agoMaybe you should learn how VAT work? If you actually know better then all the economists, explain in detail how VAT is like a tariff instead of repeating this trite lie? The world wouldn't care if he introduced a federal 10% sales tax (provided it was implemented similar to VAT, ie. non-protectionistic)
- matwood 1y ago> repeating this trite lie The WH repeats this lie constantly. Anytime they get pushed on the absurdity of tariffs they mention VAT like it's in anyway related. The right wing outlets then amplify and we further dumb down America.
- mk89 1y agoIf USA keeps 10% tariffs for everyone equally, why should we interfere? Serious question. I believe that Trump is shaking things off, but his goal is to introduce a fixed "tariff" like a soft VAT. He is just testing (and profiting with $$$$$) what happens when you do things like 30% there, 24% there, etc. But his long term goal is a fixed tax. In that context, who are we to judge them? We also have VAT on imports.
- cwillu 1y agoYou have VAT on more or less everything, imported or not. A “VAT” that _only_ applies to imports absolutely still deserves retaliatory measures.
- mk89 1y agoNot true. VAT is not applied on exports outside of EU.
- cwillu 1y agoI think you misunderstood: VAT is applied to (approximately) everything a citizen of a country buys: imports and domestically produced products. Exports from a country are entirely irrelevant to whether applying VAT to imports is unfair to US imports to that country, as compared to the US charging a “VAT” on _only_ its imports.
- mk89 1y agoVAT is applied to services too, at least here in Europe. Now, if we were to split VAT in two: 1. tax on imports, 2. tax on whatever goods/services people in that country pay/buy, you could keep just the 2 and have free trade with other countries with zero tax. Or the opposite, do tax on imports and free trade inside your country. The fact that VAT has always been like that (1 and 2 together), it doesn't mean it has to stay that way. Not sure why we should care about how a country decides to apply taxation in their own country, especially if that country sets a more or less equal tax for everyone - that's understandable.
- Aurornis 1y ago> It's still 10% for everyone but China. There's actually some confusion about that. They said they paused the global tariffs but didn't mention the Canada and Mexico tariffs. If the 10% global tariff is in addition to the Canada and Mexico tariffs, the net tariff rate on those countries could be quite high. Combined with 125% tariffs on China and we would have very burdensome tariffs on 3 of our largest trading partners. The rally is because Trump caved to pressure and is backtracking earlier claims that he wasn't going to change his policy.
- partiallypro 1y agoMexico and Canada are still at 25% apparently.
- wqaatwt 1y agoDidn’t the global “reciprocal” tariffs exempt Canada and Mexico?
- everybodyknows 1y ago[flagged]
- buffington 1y agoI obviously can't say for sure, but my guess for why you're being downvoted: we don't need humans telling us what the AIs think. We're all capable of knowing that for ourselves. What I'd guess most of us are interested in is what you have to say.
- everybodyknows 1y agoHmm ... so the worked conclusions of professional economists are less interesting than the opinion of a random stranger on the internet?
- buffington 1y agoIn the context of Hacker News, when the "worked conclusions" are that of an AI (however accurate or well trained), yes, I suspect that people tend to prefer that less than the opinion of a random stranger. I'm here for the people. No AI is going to tell me what you think about something.