I'm at a compete loss to understand the rationale behind these blanket-coverage tariffs.
Even if one does not agree with tariffs one can understand putting a tariff on foreign goods that one wants manufacture locally—goods of strategic importance etc. but to penalize local consumers on low-tech day-to-day items that local industry could tool up for at any time without much effort seems counterproductive.
If tariffs must be implemented then they should be very carefully tailored.
You'd think for trade you'd start with negotiations, even if things go bad then you turn to targeted tariffs.
Rather we get scatterbrained tariffs, and we piss everyone around the world off so that we have no friends in this fight...
Honestly though I'm not even sure there is a strategy outside a sort of "government capture". Trump and is cronies break as much as possible regardless of ideology, and now if you want to legislate and fix it, you have to go through them and pay the bribe. Trade, etc, all through them.
I'm not in the US so watching this play out is like watching episodes of The Three Stooges. — one's not sure whether to burst out into hysterical laughter or cry.
Right, not only is most of the world pissed off but we're just gobsmacked in disbelief.
We keep pinching ourselves just to check it's not some mad dream.
Every dictarship has some incompetent nephew doing the mr.tenpercent on all imported goods. up next police checkpoints seezing money and demanding "favors" from beautiful woman . Oh and cant have a govoffice without the clueless spending a buisness day waiting for processing of some form, missing the "pay up for speed" signal .
It's like 90s Russia. Break the system, let whoever pays the right bribes privatize the pieces, long term stability and the good of the economy be damned
Uncertainty is terrible for business. How does anyone make plans more than 60 days out? Even that far out is too uncertain. Many will just hunker down and go into low risk survival mode
Lol the Chinese government will make out like bandits. "Corrupt" party members will be paid to look the other way as import/export business forge paperwork and wash the point of origin through proxies. The tariff differential between China and proxy countries is basically a corruption bounty.
I'm at a compete loss to understand the rationale behind these blanket-coverage tariffs.
Even if one does not agree with tariffs one can understand putting a tariff on foreign goods that one wants manufacture locally—goods of strategic importance etc. but to penalize local consumers on low-tech day-to-day items that local industry could tool up for at any time without much effort seems counterproductive.
If tariffs must be implemented then they should be very carefully tailored.
You'd think for trade you'd start with negotiations, even if things go bad then you turn to targeted tariffs.
Rather we get scatterbrained tariffs, and we piss everyone around the world off so that we have no friends in this fight...
Honestly though I'm not even sure there is a strategy outside a sort of "government capture". Trump and is cronies break as much as possible regardless of ideology, and now if you want to legislate and fix it, you have to go through them and pay the bribe. Trade, etc, all through them.
I'm not in the US so watching this play out is like watching episodes of The Three Stooges. — one's not sure whether to burst out into hysterical laughter or cry.
Right, not only is most of the world pissed off but we're just gobsmacked in disbelief.
We keep pinching ourselves just to check it's not some mad dream.
Every dictarship has some incompetent nephew doing the mr.tenpercent on all imported goods. up next police checkpoints seezing money and demanding "favors" from beautiful woman . Oh and cant have a govoffice without the clueless spending a buisness day waiting for processing of some form, missing the "pay up for speed" signal .
It's like 90s Russia. Break the system, let whoever pays the right bribes privatize the pieces, long term stability and the good of the economy be damned
It’s like a random number generator at this point.
No rhyme or reason just shouting larger numbers at the clouds.
History doesn't repeat, it rhymes: https://theonion.com/fuck-everything-were-doing-five-blades-...
None of it is based on rational policy or analysis. Hire a clown, expect a circus. Just make sure you have plenty of popcorn.
The Chinese people are suffering from this
https://news.ycombinator.com/item?id=43703166
It’s going to hit everyone. I’m seeing anecdotal reports from local small businesses of businesses / leads drying up, some VERY dramatically.
Yup, my startup is on the verge of bankruptcy due to various gov fuckups, including simply not paying for our completed contract.
Uncertainty is terrible for business. How does anyone make plans more than 60 days out? Even that far out is too uncertain. Many will just hunker down and go into low risk survival mode
How do you make plans one hour out?
Idk someone should sell insurance products for this
That's the whole point. Make it hurt so their government has to comply.
Lol the Chinese government will make out like bandits. "Corrupt" party members will be paid to look the other way as import/export business forge paperwork and wash the point of origin through proxies. The tariff differential between China and proxy countries is basically a corruption bounty.
There's absolutely no chance that China will comply just because some of their population will hurt.
They even nailed shut the doors during Covid to prevent people from going out.
Then the tariffs stay in place. The secondary goal of moving manufacturing to the us will be met if China refuses to comply.
Get ready for 1000% tariffs.
Nah, manufacturing will just move to other countries where it's cheaper.
USA faces 245% charges on imported goods from China. FTFY
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