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Posted
9 minutes ago, utee94 said:

Per the announcement a little while ago:

image.jpeg.d98395d039306647639e4af5ecd22d6e.jpeg

more complete set.

6c97d270-1007-11f0-a7f7-85c10b95c7f1

6c9e1401-1007-11f0-94ce-6f8b012914a1

6c9e1400-1007-11f0-bf6e-40ad8e1a21ae

6c9e3b10-1007-11f0-bf7f-fac0011ea15a

thank god we can finally get some equity with réunion island!

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Posted
2 minutes ago, Beau Vine said:

"including Currency Manipulation and Trade Barriers"

lolwut?

It's all just made up bullshit.  Might as well have just put "for reasons" in that space.

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Posted
On 3/17/2025 at 8:26 PM, Beau Vine said:

No, he has shied away from the market talk because the market is telling him extremely clearly that he doesn't know the fuck he's doing and it's going to be really bad for the economy.

Bump.  I love how he waited till after the NYSE closed to announce:

GnkA97UWMAAkBHS?format=jpg&name=medium

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Posted (edited)
29 minutes ago, Beau Vine said:

"including Currency Manipulation and Trade Barriers"

lolwut?

I do think someone told him that weakening the dollar would help the trade balance, which seems to be his main thing, as brisket notes.

So, he thinks China and whoever else manipulated currency to strengthen the dollar. 🤪

Also, it's been noted in the context of international arms sales, but one of Trump's fuzzier ideas is to open more markets to US goods, which dollar weakening might help.

The again, this whole tariff-trade war thing works against that.

He's so completely incoherent.

Edited by TwiceHorn
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Posted

Well at least I won't have to worry about capital gains taxes for a while, since I won't have any.

On an unrelated note,  where can I buy mass quantities of canned cat or dog food, cheap? I like the Mighty Dog "Seared Beef" flavor the best but willing to consider other brands if price is right.

 

 

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Posted
1 minute ago, Paper_jam said:

Well at least I won't have to worry about capital gains taxes for a while, since I won't have any.

On an unrelated note,  where can I buy mass quantities of canned cat or dog food, cheap? I like the Mighty Dog "Seared Beef" flavor the best but willing to consider other brands if price is right.

 

 

Yeah, my friend....you're not going apocalyptic enough.....

snowpiercer-babies-taste-best.gif?w=642

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Posted
1 minute ago, Paper_jam said:

Well at least I won't have to worry about capital gains taxes for a while, since I won't have any.

On an unrelated note,  where can I buy mass quantities of canned cat or dog food, cheap? I like the Mighty Dog "Seared Beef" flavor the best but willing to consider other brands if price is right.

 

 

I had a job years ago working in a supermarket. I remember during my "orientation" they told us that they had a strict "no sampling" policy for dog and cat food. We all laughed. He then told us that it was pretty common for seniors on fixed income to subsist on pet food - especially the wet variety. Not much laughter after that.

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Posted
12 minutes ago, ChickenSandwich said:

Link to the “real” numbers?

Who the fuck knows?  It's all just Calvinball and lies now.

And for the kabillionth fucking time, trade deficits are not inherently bad.  I have a massive trade deficit with HEB, as they have yet to buy anything from me, yet it's a great trading relationship.

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Posted
4 minutes ago, Brisketexan said:

Who the fuck knows?  It's all just Calvinball and lies now.

And for the kabillionth fucking time, trade deficits are not inherently bad.  I have a massive trade deficit with HEB, as they have yet to buy anything from me, yet it's a great trading relationship.

So no?

Posted
2 minutes ago, Brisketexan said:

What "real numbers" are you asking about?

Probably the one that makes him feel better about this whole thing and proves this is totally not a moronic exercise in self-destruction. 

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Posted
3 minutes ago, Brisketexan said:

What "real numbers" are you asking about?

It is implied the numbers released are false or “made up.”  Seems like the “real” tariff amounts and VAT taxes applied to American exports would be relevant information before working yourself up in to a tizzy. 

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Posted
2 minutes ago, ChickenSandwich said:

It is implied the numbers released are false or “made up.”  Seems like the “real” tariff amounts and VAT taxes applied to American exports would be relevant information before working yourself up in to a tizzy. 

"Including currency manipulation and trade barriers"

Come the fuck on.  You think they quantified "currency manipulation and trade barriers" with any objective, verifiable methodology?  And do you think they released their methodology and calculations?

Jesus, if you're actually that gullible, I gotta figure out something to sell you.

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Posted

He has the 8th grade history class understanding of tariffs.  What a stinking moron.

Looks like he's poised to kill the economy just so he can save it again.  Our populace is just dumb enough to believe it, too.  "I've removed the tariffs because they worked.  A, B C companies will increase their investments in USA, etc."  He'll cite some BS metric and declare victory.

The amazing thing is this is so foolish that it was able to get China, Japan, and S Korea to align on a shared response.  They all hate each other.

The only silver lining - TSLA stock price crash seems to be ahead of the others...

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Posted (edited)

The cool thing is, normally the freshmen business majors are bored shitless with ECO101.  As normally you have to look at how policy or economic pressures influence economies and indirectly stock prices.  What might have normally taken several years of policy change to influence and economy now has been compressed into two months a semester.    It would be fascinating to hear the arguments presented by freshmen as to what the economic impact may be?  Just to hear as freshmen what their views are.  Do they think that historical data regarding stumping economic growth is still the most likely outcome?  

The thing that is dumb to me, is that I understand the goals of the administration and how to get there.  But from a logistics standpoint how does a CEO of any US company with a multi-million diversified supply chain know what is the smart thing to do?  And how to do it in several weeks?  Impossible. Assuming of course the policy does not reverse the moment you make a decision?  To me it would be fun to be a freshman again, and argue what path you think different aspects of the economy might take.

I had a good day after hours today, because of ECO101. HA! had to look it up because ECO 101 did not sound right, ECO 301... Forgot about the credit hour prefix.

I would be very curious to hear if any freshmen thought there would not be large retaliatory tariffs?

Edited by horn4life
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Posted
58 minutes ago, ChickenSandwich said:

It is implied the numbers released are false or “made up.”  Seems like the “real” tariff amounts and VAT taxes applied to American exports would be relevant information before working yourself up in to a tizzy. 

You're a moron. 

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Posted
1 hour ago, Brisketexan said:

"Including currency manipulation and trade barriers"

Come the fuck on.  You think they quantified "currency manipulation and trade barriers" with any objective, verifiable methodology?  And do you think they released their methodology and calculations?

Jesus, if you're actually that gullible, I gotta figure out something to sell you.

The word you're looking for is Crypto.. and I would be lying if at this point I wasn't considering creating $Maga rug pull.

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Posted
1 hour ago, ChickenSandwich said:

It is implied the numbers released are false or “made up.”  Seems like the “real” tariff amounts and VAT taxes applied to American exports would be relevant information before working yourself up in to a tizzy. 

What are your thoughts now that it is being confirmed by multiple outlets that the numbers are, in fact, based on a made-up metric?

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Posted
51 minutes ago, boilerhorn said:

He has the 8th grade history class understanding of tariffs.  What a stinking moron.

Looks like he's poised to kill the economy just so he can save it again.  Our populace is just dumb enough to believe it, too.  "I've removed the tariffs because they worked.  A, B C companies will increase their investments in USA, etc."  He'll cite some BS metric and declare victory.

The amazing thing is this is so foolish that it was able to get China, Japan, and S Korea to align on a shared response.  They all hate each other.

The only silver lining - TSLA stock price crash seems to be ahead of the others...

Problem is, that dumb sonofabitch ain't saving shit.

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Posted
2 minutes ago, TwiceHorn said:

VAT is irrelevant, because it is applied to domestic and imported goods.  It provides no advantage or disadvantage.

But, you're sitting here trying to rationalize the policies of a clear moron.

Texas is ahead of the tariff game with sales tax!

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Posted
2 hours ago, ChickenSandwich said:

It is implied the numbers released are false or “made up.”  Seems like the “real” tariff amounts and VAT taxes applied to American exports would be relevant information before working yourself up in to a tizzy. 

Chicken shit sandwich doesn’t seem to have a functioning brain.   The numbers weren’t tariffs.  But go on Dumas.

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Posted
14 minutes ago, berlinerbaer said:

Were tariffs against Mexico and Canada announced today? I don't see them listed in the stupid charts.

I saw somewhere no. They were not on that list.

Posted
1 minute ago, InkaUtexas said:

I saw somewhere no. They were not on that list.

Correct.  They’re on the possibly to do list if they don’t get fentanyl under control or something.

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Posted (edited)
51 minutes ago, TwiceHorn said:

VAT is irrelevant, because it is applied to domestic and imported goods.  It provides no advantage or disadvantage.

But, you're sitting here trying to rationalize the policies of a clear mornon.

Are EU exports not exempt from the EU VAT?

VAT isn't charged on exports of goods to countries outside the EU. In these cases, VAT is charged and due in the country of import and you don't need to declare any VAT as an exporter. However, when exporting goods you will need to provide documentation as proof that the goods were transported outside the EU. Such proof could be provided by presenting a copy of an invoice, a transportation document or an import customs record to your tax authorities. 

You will need to provide this proof to be able to fully deduct any receivable VAT that you have paid in a previous related transaction leading up to the export. Insufficient documentation may mean you won't have the right to a VAT reimbursement when exporting goods.

 

https://europa.eu/youreurope/business/taxation/vat/vat-rules-rates/indexamp_en.htm

 

yes, America will charge a sales tax, rate depending on state, but the tax is the same for foreign and domestic products. 

Edited by ChickenSandwich
Posted
4 minutes ago, ChickenSandwich said:

Are EU exports not exempt from the EU VAT?

VAT isn't charged on exports of goods to countries outside the EU. In these cases, VAT is charged and due in the country of import and you don't need to declare any VAT as an exporter. However, when exporting goods you will need to provide documentation as proof that the goods were transported outside the EU. Such proof could be provided by presenting a copy of an invoice, a transportation document or an import customs record to your tax authorities. 

You will need to provide this proof to be able to fully deduct any receivable VAT that you have paid in a previous related transaction leading up to the export. Insufficient documentation may mean you won't have the right to a VAT reimbursement when exporting goods.

 

https://europa.eu/youreurope/business/taxation/vat/vat-rules-rates/indexamp_en.htm

 

yes, America will charge a sales tax, rate depending on state, but the tax is the same for foreign and domestic products. 

VAT had nothing to do with the calculation of the tariffs. 

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Posted
12 minutes ago, ChickenSandwich said:

Are EU exports not exempt from the EU VAT?

VAT isn't charged on exports of goods to countries outside the EU. In these cases, VAT is charged and due in the country of import and you don't need to declare any VAT as an exporter. However, when exporting goods you will need to provide documentation as proof that the goods were transported outside the EU. Such proof could be provided by presenting a copy of an invoice, a transportation document or an import customs record to your tax authorities. 

You will need to provide this proof to be able to fully deduct any receivable VAT that you have paid in a previous related transaction leading up to the export. Insufficient documentation may mean you won't have the right to a VAT reimbursement when exporting goods.

 

https://europa.eu/youreurope/business/taxation/vat/vat-rules-rates/indexamp_en.htm

 

yes, America will charge a sales tax, rate depending on state, but the tax is the same for foreign and domestic products. 

VAT applies to goods sold in the EU. It doesn't matter where they came from. It doesn't apply to goods sold outside the EU. Texas also does not apply sales tax to goods not sold in Texas. I'm not sure why this is confusing to you.  

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Posted
20 minutes ago, ChickenSandwich said:

Are EU exports not exempt from the EU VAT?

VAT isn't charged on exports of goods to countries outside the EU. In these cases, VAT is charged and due in the country of import and you don't need to declare any VAT as an exporter. However, when exporting goods you will need to provide documentation as proof that the goods were transported outside the EU. Such proof could be provided by presenting a copy of an invoice, a transportation document or an import customs record to your tax authorities. 

You will need to provide this proof to be able to fully deduct any receivable VAT that you have paid in a previous related transaction leading up to the export. Insufficient documentation may mean you won't have the right to a VAT reimbursement when exporting goods.

 

https://europa.eu/youreurope/business/taxation/vat/vat-rules-rates/indexamp_en.htm

 

yes, America will charge a sales tax, rate depending on state, but the tax is the same for foreign and domestic products. 

Maybe this will clear it up. I bought a mountain bike in Scotland. I could have bought a UK made brand or a US made brand. Either way I had to pay 20% VAT on the bike. However, when I left the UK, I got that money refunded because I kept my receipts. It didn't matter where the bike was made. 

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Posted
32 minutes ago, Hefeweizen said:

Correct.  They’re on the possibly to do list if they don’t get fentanyl under control or something.

Won't you think of the maple trees and bourbon? 

Posted
4 hours ago, Brisketexan said:

"Including currency manipulation and trade barriers"

Come the fuck on.  You think they quantified "currency manipulation and trade barriers" with any objective, verifiable methodology?  And do you think they released their methodology and calculations?

Jesus, if you're actually that gullible, I gotta figure out something to sell you.

Through a miracle of being in the right place at the right time and having created a dataset that someone much smarter than me wanted, I am actually a co-author of one of the seminal academic papers on central bank intervention, and I can tell you that central banks trying to manipulate currency prices don't accomplish anything other than costing that country a lot of money.  The international currency markets are simply waaaaaaaaaay too large to be affected by even coordinated transactions by multiple central banks.  

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Posted
5 hours ago, ChickenSandwich said:

It is implied the numbers released are false or “made up.”  Seems like the “real” tariff amounts and VAT taxes applied to American exports would be relevant information before working yourself up in to a tizzy. 

In retrospect, this was an incredibly stupid thing to say.  

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Posted (edited)

Apparently "Liberation Day" did give achieve one goal, it liberated a lot of those captive 401K dollars that you have been stacking the last few years, freedom!  Those dollars are now free to leave the confines of your 401K and brokerage accounts...

 

Edited by horn4life
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Posted
13 hours ago, ChickenSandwich said:

It is implied the numbers released are false or “made up.”  Seems like the “real” tariff amounts and VAT taxes applied to American exports would be relevant information before working yourself up in to a tizzy. 

Just circling back - it's almost certain that the administration conflated trade deficits and tariffs. I found a good breakdown, reposting the receipts here:

 

These "tariff" numbers provided by the administration are just ludicrous. They don't reflect any version of reality where real tariffs are concerned. I was convinced they weren't just completely made up, though, and their talk about trade balances made me curious enough to dig in and try to find where they got these numbers.

This guess paid off immediately. As far as I can tell with just a tiny bit of digging, almost all of these numbers are literally just the inverse of our trade balance as a ratio. Every value I have tried this calculation on, it has held true.


I'll just use the 3 highest as examples:

***Cambodia: 97%***

US exports to Cambodia: $321.6 M

Cambodia exports to US: 12.7 B

Ratio: 321.6M / 12.7 B = ~3%

https://ustr.gov/countries-regions/southeast-asia-pacific/Cambodia-

***Vietnam: 90%***

US exports to Vietnam: $13.1 B

Vietnam exports to US: $136.6 B

Ratio: 13.1B / 136.6B = ~10%

https://ustr.gov/countries-regions/southeast-asia-pacific/vietnam

***Sri Lanka: 88%***

US exports to Sri Lanka: $368.2 M

Sri Lanka exports to US: $3.0 B

Ratio: ~12%

https://ustr.gov/countries-regions/south-central-asia/sri-lanka

What the Administration appears to be calling a "97% tariff" by Cambodia is in reality the fact that we export 97% less stuff to Cambodia than they export to us.

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Posted

To help @ChickenSandwich

Tariffs are focused on where a product is from. Sales tax and VAT are focused on where a product is intended to be used. Tariffs treat products from other countries differently. Sales Tax and VAT treat products FROM other the countries the same. 

Sales Tax and VAT differ in how they accomplish that task. Sales Tax focused on transactions and where those transactions take place. VAT focuses on products and where those products are intended to be used. Because sales is applied to transactions, it is possible for the same product to be taxed multiple times. VAT is intended to apply to a product only one time. 

In conclusion, VAT is not a tariff and does not negatively affect US made goods in comparison to locally made goods. 

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Posted
13 hours ago, Foosters said:

Here ya go 

 image.png.026de505f886c553148fa7af3aa1130e.png.dc78439281a5131d6adfd77faaa7094e.png

 

40 minutes ago, Captainant said:

Just circling back - it's almost certain that the administration conflated trade deficits and tariffs. I found a good breakdown, reposting the receipts here:

 

These "tariff" numbers provided by the administration are just ludicrous. They don't reflect any version of reality where real tariffs are concerned. I was convinced they weren't just completely made up, though, and their talk about trade balances made me curious enough to dig in and try to find where they got these numbers.

This guess paid off immediately. As far as I can tell with just a tiny bit of digging, almost all of these numbers are literally just the inverse of our trade balance as a ratio. Every value I have tried this calculation on, it has held true.


I'll just use the 3 highest as examples:

***Cambodia: 97%***

US exports to Cambodia: $321.6 M

Cambodia exports to US: 12.7 B

Ratio: 321.6M / 12.7 B = ~3%

https://ustr.gov/countries-regions/southeast-asia-pacific/Cambodia-

***Vietnam: 90%***

US exports to Vietnam: $13.1 B

Vietnam exports to US: $136.6 B

Ratio: 13.1B / 136.6B = ~10%

https://ustr.gov/countries-regions/southeast-asia-pacific/vietnam

***Sri Lanka: 88%***

US exports to Sri Lanka: $368.2 M

Sri Lanka exports to US: $3.0 B

Ratio: ~12%

https://ustr.gov/countries-regions/south-central-asia/sri-lanka

What the Administration appears to be calling a "97% tariff" by Cambodia is in reality the fact that we export 97% less stuff to Cambodia than they export to us.

I saw this posted elsewhere as well:

 

He’s using trade deficit numbers and calling them tariffs, it’s a direct lie to the American people. Cambodia has 97% tariff? No. Cambodia exports 12 billion. USA exports to Cambodia 350 million. 350 million / 12 billion is 3%. 100 - 3 = 97%. Do this for every "tariff".
Know what's even worse? It's literally the method that Chat GPT suggests if you ask how to fix a trade deficit with tariffs. They asked Chat GPT how to fix the economy, and then just fucking did whatever it said.
On Chat GPT, the following prompt will immediately get you the method they used:
If I wanted to even the playing field with respect to the trade deficit with foreign nations using tariffs, how could I pick the tariff rates? Give me a specific calculation

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