Tariffs Catch-All

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nycfan said:

Gavin Newsom angles for California exemptions to Trump trade war​



“California Gov. Gavin Newsom said Friday he is pursuing agreements with other countries to ensure California is exempted from retaliatory tariffs stemming from President Trump's escalating trade war. …”
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Sigh. I guess this is our politics now.

What Newsom is talking about is essentially impossible (how can other countries verify that products are produced in CA, and not just shipped through CA on their way out?). It's also very likely illegal. The Supreme Court held that states and municipalities cannot erect any trade barriers without federal approval -- trade being the jurisdiction of the federal government. While there have surely been no cases on states trying to undo trade barriers, I can't imagine it would come out differently.

I suppose if it is strictly limited to almonds, it might work because a) Trump doesn't give a fuck about almonds; b) the almond producers are very likely Pubs; and c) since almonds are only grown in CA, there's not a question of state of origin.

But why would other countries agree? They don't want to let blue states off the hook. They want blue states to be exceedingly angry. They want blue states to vote out all the mfers in the House who are OK with this tariff bullshit.
 
UNCatTech said:
This will be the best. Prices at Wal-Mart, where 90% of the cult shops, are going to go up dramatically. Good let them understand what they did with their vote.
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You're forgetting that, when in a cult like MAGA, one's brain is programmed such that the pain actually feels good.
 
Jeremy Siegal, a long time market commentator and professor at Wharton, said earlier today -- "Trump tariffs are the biggest policy mistake in 95 years."

I wonder what that mistake 95 years ago would be. Maybe protectionism and tariffs that partly caused the Depression. The timing seems about right.
 
Kraftyheel89 said:
Jeremy Siegal, a long time market commentator and professor at Wharton, said earlier today -- "Trump tariffs are the biggest policy mistake in 95 years."

I wonder what that mistake 95 years ago would be. Maybe protectionism and tariffs that partly caused the Depression. The timing seems about right.
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Smoot-Hawley tariffs were 1930, exactly 95 years ago.
 
nycfan said:


The first Trump Administration caused a lot of US companies to relocate manufacturing to Vietnam (46%) to avoid the first term tariffs on China. Now the second Trump Administration is hammering Vietnam with tariffs because of a trade deficit created by the first Trump Administration.

Anyway, the Trump tariff on Vietnam VASTLY overstates the tariffs on U.S. goods charged by Vietnam, basing the tariff instead on the trade deficit. A ton of electrical spare parts, sneakers, toys and furnishings are manufactured for US-based companies and imported to America are made in Vietnam, so this particular tariff is one that hurts U.S. based companies and U.S. consumers pretty directly.

Background on actual tariffs in Vietnam:

www.vietnam-briefing.com

Understanding the US Tariff List: Implications for Vietnam

As the US plans to impose a 46% tariff rate on Vietnam’s imports, we provide preliminary evaluations of the tariff plan's impact.
www.vietnam-briefing.com www.vietnam-briefing.com
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And Trump finally begins to back off. He will frame it as a great victory but he is backing down.
 
Silence Dogood said:
Trump raises tariffs its the worst thing ever, other countries do it its a non issue. TDS
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No other countries have raised their tariffs outside of the GATT process. Only Trump flagrantly broke the rules. You might have noticed that other countries are making efforts to match the US tariffs dollar-for-dollar. That's because the GATT allows them to retaliate, but retaliatory tariffs can't be punitive. They have to basically zero out the trade impact of the illegal tariffs.

Y'all got to stop with the "the world is taking advantage of us." America is the biggest beneficiary of the global trading system and it's not close.
 
StrangePackage said:
I'm confident that's not constitutional... But I've been really wrong recently.
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Yes, as I explained above. But it's also true that building in an exemption from tariffs imposed from without is not quite the same as imposing a trade barrier (which is what the Supremes have adjudicated). Is that a distinction that makes enough of a distinction? My intuition is no, but I haven't thought about it.

The source of the trade power being federal is the idea that foreign policy and international trade are generally committed to the executive branch, and state trade barriers could (and indeed in many cases would) undermine American policies. But let's suppose Newsom manages to convince China not to tariff almonds grown in California. How would that undermine any federal policy? If China wanted to gift Oregon $300M, would Oregon really be required to refuse the offer? Maybe, but it's not as clear as the reverse case.
 
nycfan said:

Gavin Newsom angles for California exemptions to Trump trade war​



“California Gov. Gavin Newsom said Friday he is pursuing agreements with other countries to ensure California is exempted from retaliatory tariffs stemming from President Trump's escalating trade war. …”
Click to expand...
I think i remember remarking that this very approach would and should happen.

Two steps down the road is Dem governors mobilizing their state national guard to secure their ports and ensure no federal duties are collected on imports.
 
Lololololol yeah, boy, literally the entire world has TDS. Economists all over the world, liberal and conservative alike, are saying these tariffs are beyond the worse economic policy imaginable. But they all have TDS! Nothing gets past our MAGAts.

Gotta at least give Silence credit for being here and trying to defend this bullshit even though his arguments are painfully stupid. All of the rest of the board MAGAts are far too big of cuck pusses to even try to do so. So, salute to Silence.
 
superrific said:
No other countries have raised their tariffs outside of the GATT process. Only Trump flagrantly broke the rules. You might have noticed that other countries are making efforts to match the US tariffs dollar-for-dollar. That's because the GATT allows them to retaliate, but retaliatory tariffs can't be punitive. They have to basically zero out the trade impact of the illegal tariffs.

Y'all got to stop with the "the world is taking advantage of us." America is the biggest beneficiary of the global trading system and it's not close.
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Our tariffs are still lower than theirs. Other countries also manipulated their currencies, subsidized their exports, stole our intellectual property, imposed higher taxes to disadvantage our products, and imposed unfair rules and technical standards.
 
CFordUNC said:
Lololololol yeah, boy, literally the entire world has TDS. Economists all over the world, liberal and conservative alike, are saying these tariffs are beyond the worse economic policy imaginable. But they all have TDS! Nothing gets past our MAGAts.

Gotta at least give Silence credit for being here and trying to defend this bullshit even though his arguments are painfully stupid. All of the rest of the board MAGAts are far too big of cuck pusses to even try to do so. So, salute to Silence.
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Keep gobbling up the corrupt system
 
superrific said:
No other countries have raised their tariffs outside of the GATT process. Only Trump flagrantly broke the rules. You might have noticed that other countries are making efforts to match the US tariffs dollar-for-dollar. That's because the GATT allows them to retaliate, but retaliatory tariffs can't be punitive. They have to basically zero out the trade impact of the illegal tariffs.

Y'all got to stop with the "the world is taking advantage of us." America is the biggest beneficiary of the global trading system and it's not close.
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Silence doesn't seem to understand the benefit he recieved from international trade.

He will only be happy when manufacturing jobs are back in the US and his clothing all quadrooples in price. That will teach those countries not to take advantage of us.
 
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