Tariffs Catch-All

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China is our third largest export "customer" - and in case you were curious what exactly we export to China:

United States Exports to China - 2025 Data 2026 Forecast 1991-2024 Historical

United States Exports to China was US$143.55 Billion during 2024, according to the United Nations COMTRADE database on international trade. United States Exports to China - data, historical chart and statistics - was last updated on April of 2025.
tradingeconomics.com tradingeconomics.com
 
It should be noted that while we export about 150 billion in product to China - we export double that amount to both Canada and Mexico (350 billion plus each).
 
I guess for the sake of discussion:

United States Imports By Country

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. United States Imports By Country - was last updated on Friday, April 4, 2025.
tradingeconomics.com tradingeconomics.com
 
IMG_6143.jpeg


“… Markets have taken little comfort from President Trump's willingness to negotiate over the tariffs. The levies announced late Wednesday were deeper and more aggressive than the business world expected. And even as Trump left the door open to making deals, he vowed new tariffs on drugs and microchips.
Traders have ramped up bets on big interest-rate cuts this year, figuring the Federal Reserve will have to shore up the economy. JPMorgan economists warned they see a 60% chance of a global recession. Oil prices slid further, with benchmark U.S. crude falling below $65 a barrel, the lowest level since 2021 if they settle there.

Investors rushed into Treasurys, pushing 10-year yields below 4% early Friday. Bonds in other big economies, like Japan, Germany and the U.K., also rallied. Bond yields fall as prices rise.

Up ahead, investors will get a read on the health of the labor market in the run-up to Trump's "Liberation Day" tariffs, through the monthly jobs report, due at 8:30 a.m. ET. …”
 
This is all so stupid. If you want to add more auto jobs (by US or foreigh companies) you are going to have to subsidize those given labor costs. Do what USG did in terms of investing from 1946-80, do a variation of Biden'sCHIPS/Infrasture Act, tax breaks, tax penalites, low interest loans.
Right now, tariffs will whach middle, working and poor classes to pay for tax cuts for rich and wealthy corps. Capt the tqx extention at first 5 million: Elon Musk, Peter Thiel and LeBrpn James do not need a tax break extension. Extend the copr tax cuts for large corps at 27% not 21, and use that to subsizize manuf jobs (auto, ship buolding if you wish)
Tariffs are the absolute worst form of industrialm policy, when done at these high levels
 
I know it's already been said here, but if someone wanted to deliberately tank the US economy and drive us into a deep recession (among other things) you couldn't be doing a better job of it than the Trump administration (and Elon and DOGE) since he took office in January. They're gleefully wrecking our international standing, literally turning all of our allies against us and isolating us, causing total chaos in the federal government, and wrecking the economy all at the same time. It's like a Bizarro presidency, where your success is measured by how much evil you do, not how much good. Many Trump voters have advocated "burning it all down" since 2016, well it appears that they're going to see just what that looks like, and it won't be pretty for any of us.

ETA: And of course by "burn it all down" they meant "as long as it doesn't affect me or my family directly." Unfortunately for them that's not how it works.
 
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heelslegup said:
This is all so stupid. If you want to add more auto jobs (by US or foreigh companies) you are going to have to subsidize those given labor costs. Do what USG did in terms of investing from 1946-80, do a variation of Biden'sCHIPS/Infrasture Act, tax breaks, tax penalites, low interest loans.
Right now, tariffs will whach middle, working and poor classes to pay for tax cuts for rich and wealthy corps. Capt the tqx extention at first 5 million: Elon Musk, Peter Thiel and LeBrpn James do not need a tax break extension. Extend the copr tax cuts for large corps at 27% not 21, and use that to subsizize manuf jobs (auto, ship buolding if you wish)
Tariffs are the absolute worst form of industrialm policy, when done at these high levels
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Or you remove one of the single largest non manufacturing costs to the car companies which is paying for healthcare for their employees by doing what the rest of the world has done and going to single payer.
 
uncgriff said:
Or you remove one of the single largest non manufacturing costs to the car companies which is paying for healthcare for their employees by doing what the rest of the world has done and going to single payer.
Click to expand...
And this is true of virtually every industry. Also, having HC tied to employment prevents a lot of people from moving into jobs/vocations where they would be happier, more fulfilled and valued.
 

Trump’s Trade War Escalates as China Retaliates With 34% Tariffs​

The Chinese government said it would match President Trump’s tariff, and also barred a group of American companies from doing business in China.

www.nytimes.com

Trump’s Trade War Escalates as China Retaliates With 34% Tariffs

The Chinese government said it would match President Trump’s tariff, and also barred a group of American companies from doing business in China.
www.nytimes.com www.nytimes.com


“… Separately, China’s Ministry of Commerce said it was adding 11 American companies to its list of “unreliable entities,” essentially barring them from doing business in China or with Chinese companies.

The ministry imposed a licensing system to restrict exports of seven rare earth elements that are mined and processed almost exclusively in China and are used in everything from electric cars to smart bombs.

The commerce ministry also announced it was beginning two trade investigations into American exports of medical imaging equipment — one of the few manufacturing categories in which the United States remains internationally competitive.

… China’s General Administration of Customs said that it would halt chicken imports from five of America’s biggest exporters of agricultural commodities and sorghum imports from a sixth company.

… China imposed a two-month freeze on shipments of rare earths to Japan in 2010 during a territorial dispute.

The Obama administration responded by calling for the United States to restart its own mining and processing of rare earths, which mostly shut down in the 1990s. But 15 years after the Japan embargo, mining has resumed in the United States but most of the ore is shipped to China for processing into valuable materials, as rare earths refining has proved technically challenging.”
 
nycfan said:

Trump’s Trade War Escalates as China Retaliates With 34% Tariffs​

The Chinese government said it would match President Trump’s tariff, and also barred a group of American companies from doing business in China.

www.nytimes.com

Trump’s Trade War Escalates as China Retaliates With 34% Tariffs

The Chinese government said it would match President Trump’s tariff, and also barred a group of American companies from doing business in China.
www.nytimes.com www.nytimes.com


“… Separately, China’s Ministry of Commerce said it was adding 11 American companies to its list of “unreliable entities,” essentially barring them from doing business in China or with Chinese companies.

The ministry imposed a licensing system to restrict exports of seven rare earth elements that are mined and processed almost exclusively in China and are used in everything from electric cars to smart bombs.

The commerce ministry also announced it was beginning two trade investigations into American exports of medical imaging equipment — one of the few manufacturing categories in which the United States remains internationally competitive.

… China’s General Administration of Customs said that it would halt chicken imports from five of America’s biggest exporters of agricultural commodities and sorghum imports from a sixth company.

… China imposed a two-month freeze on shipments of rare earths to Japan in 2010 during a territorial dispute.

The Obama administration responded by calling for the United States to restart its own mining and processing of rare earths, which mostly shut down in the 1990s. But 15 years after the Japan embargo, mining has resumed in the United States but most of the ore is shipped to China for processing into valuable materials, as rare earths refining has proved technically challenging.”
Click to expand...
Wow. They didn’t heed the “and don’t you dare raise tariffs on us just because we are doing it to you,” threats? Shocking.
 
Duke Mu said:
Trump committed country economic reassignment surgery without the parents' permission.

As a Trans-economy, the US will no longer be able to enter global economic competitions.
Click to expand...
I understand your point, but there's probably a better analogy to be used.
 
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