Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 2,872
Fake business man, Fake TV presenter, Fake President, Fake Data, Fake Calculations...
It is US citizens who will pay these tariffs - not the exporting countries
"...Despite the Trump administration’s previous insistences to the contrary, tariffs are paid by businesses that import tariffed goods – not the exporting country. These costs tend to be passed on to consumers in the form of higher prices. This is why economists – and even pro-Trump Republicans – have said tariffs are effectively a tax.
Looking at the alleged tariffs other countries are supposedly levying on U.S. goods, one might be struck by the exorbitant rates in some cases. For example, if China were really imposing a 67% tariff on U.S. goods or if Vietnam were implementing a 90% tariff on U.S. products, that’s something that likely would have been retaliated against a long time ago. But in fact, these numbers do not represent “tariffs.”
Take the E.U. “tariff” on U.S. goods of 39%. In 2024, the U.S. exported $370.2 billion to the E.U., according to the Office of the U.S. Trade Representative. Meanwhile, the U.S. imported $605.8 billion from the E.U. That means the U.S. ran a trade deficit with the E.U. of $235.6 billion.
What the Trump administration seems to have done is taken the deficit ($235.6 billion) and divided it by the total number of imports from the E.U. ($605.8 billion), yielding a figure of 38.89%, which the administration rounded up to 39% and called a “Tariff to the U.S.A.” imposed by the E.U. But obviously, that is not a tariff.
Similarly, the U.S. ran a trade deficit with Norway of $2 billion in 2024 as the U.S. imported $6.6 billion in Norwegian goods. Hence, in the Trump administration’s calculation ($2 billion divided by $6.6 billion = 0.30), Norway has a 30% “tariff” on U.S. goods.
Moreover, not even countries with which the U.S. has a trade surplus were spared. For example, in 2024, the U.S. had a trade surplus of $11.9 billion with the U.K., which Trump’s list claims had imposed a 10% “tariff” on U.S. goods. The same goes for Honduras, which ran a trade deficit with the U.S., which accused to Central American country of hitting American goods with a 10% “tariff.”
And as CNBC’s Steve Liesman noted on BlueSky, Trump “straight up lied.”
“The President straight up lied when he said the US is now charging tariffs at half the rate other countries charge,” he wrote. “They made up those tariffs out of whole cloth. We now likely have the highest tariffs in the developed world, and even higher than many developing countries.”
Shortly after Trump concluded his Rose Garden speech, Treasury Secretary Scott Bessent warned other countries not to levy reciprocal tariffs.
“My advice to every country right now is do not retaliate,” he said. “Sit back, take it in. Let’s see how it goes because if you retaliate, there will be escalation.”
www.mediaite.com
sure pal..exporting countries are lining up to be fucked up the arse with a broomstick wih no lube..i think not
as the great man said..its so pathetic..
comrade stalin
It is US citizens who will pay these tariffs - not the exporting countries
"...Despite the Trump administration’s previous insistences to the contrary, tariffs are paid by businesses that import tariffed goods – not the exporting country. These costs tend to be passed on to consumers in the form of higher prices. This is why economists – and even pro-Trump Republicans – have said tariffs are effectively a tax.
Looking at the alleged tariffs other countries are supposedly levying on U.S. goods, one might be struck by the exorbitant rates in some cases. For example, if China were really imposing a 67% tariff on U.S. goods or if Vietnam were implementing a 90% tariff on U.S. products, that’s something that likely would have been retaliated against a long time ago. But in fact, these numbers do not represent “tariffs.”
Take the E.U. “tariff” on U.S. goods of 39%. In 2024, the U.S. exported $370.2 billion to the E.U., according to the Office of the U.S. Trade Representative. Meanwhile, the U.S. imported $605.8 billion from the E.U. That means the U.S. ran a trade deficit with the E.U. of $235.6 billion.
What the Trump administration seems to have done is taken the deficit ($235.6 billion) and divided it by the total number of imports from the E.U. ($605.8 billion), yielding a figure of 38.89%, which the administration rounded up to 39% and called a “Tariff to the U.S.A.” imposed by the E.U. But obviously, that is not a tariff.
Similarly, the U.S. ran a trade deficit with Norway of $2 billion in 2024 as the U.S. imported $6.6 billion in Norwegian goods. Hence, in the Trump administration’s calculation ($2 billion divided by $6.6 billion = 0.30), Norway has a 30% “tariff” on U.S. goods.
Moreover, not even countries with which the U.S. has a trade surplus were spared. For example, in 2024, the U.S. had a trade surplus of $11.9 billion with the U.K., which Trump’s list claims had imposed a 10% “tariff” on U.S. goods. The same goes for Honduras, which ran a trade deficit with the U.S., which accused to Central American country of hitting American goods with a 10% “tariff.”
And as CNBC’s Steve Liesman noted on BlueSky, Trump “straight up lied.”
“The President straight up lied when he said the US is now charging tariffs at half the rate other countries charge,” he wrote. “They made up those tariffs out of whole cloth. We now likely have the highest tariffs in the developed world, and even higher than many developing countries.”
Shortly after Trump concluded his Rose Garden speech, Treasury Secretary Scott Bessent warned other countries not to levy reciprocal tariffs.
“My advice to every country right now is do not retaliate,” he said. “Sit back, take it in. Let’s see how it goes because if you retaliate, there will be escalation.”
‘Sit Back, Take It’: Trump Treasury Secretary Warns Tariffed Countries Not To Retaliate
Treasury Secretary Scott Bessent warned countries not to retaliate against tariffs imposed by the U.S. or their goods will get slapped with even higher tariffs when imported into the U.S.
www.mediaite.com
sure pal..exporting countries are lining up to be fucked up the arse with a broomstick wih no lube..i think not
as the great man said..its so pathetic..
comrade stalin
