Tariffs Catch-All

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Ramrouser said:
The importation of goods by businesses to increase inventories occurred prior to April 1st - Liberation Day. - when the new tariffs went into effect.
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Exactly, they were over ordering to get ahead of the stupid taxes.

Just wait, it will go back down below normal levels. I'm sure that on the year we end up negative, well unless China Rolls trump in the negotiations.
 
I wonder how many companies are going to gamble that the tariffs will be “only” 30% and have factories/suppliers in China go ahead and ship product?
 
UNCatTech said:
But you trust a failed con man grifter, who's only rich because of his daddy? A felon that's bankrupted multiple companies?

Wow, I don't know what to say.
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I wouldn't say I trust him. He's a pathological liar. I'd say I support his attempt, if it's authentic, to correct any "wrongs".
 
ChileG said:
I agree.
I just haven’t yet seen anyone from the administration articulate what exactly are the wrongs being perpetrated against us. I suspect there is a very good reason for that (because there aren’t any).
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Presumably, it was the reciprocal tariffs he rolled out on April 2, right?
 
Ramrouser said:
Treasury Department reports that customs duties revenue for April totaled 16.3 B as compared to 7.1 B last April.

It won’t solve the debt problem alone but it’s a start.
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16.3B a month is a start in the same way that scoring a TD down 49 is starting a comeback.

An increase of $10B a month = $120B a year. Meanwhile, the loss of tax revenue from the recession will be far higher than $120B. So we are losing money on the tariffs. A lot of money.
 
UNCatTech said:
Exactly, they were over ordering to get ahead of the stupid taxes.

Just wait, it will go back down below normal levels. I'm sure that on the year we end up negative, well unless China Rolls trump in the negotiations.
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End up negative how?

We will likely pull in more tariff revenue than last year. A little bit. Probably $50B or so. Not enough to move the needle at all. And that's before accounting for the wallop to income tax receipts
 
Trump wants to have tariffs elevated long enough so he can have that factored in the budget talks. Once, he gets past that, then all bets are off.
 
ZenMode said:
There are a ton of Japanese made cars being sold in the US and virtually no US made cars being sold in Japan.
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Just now seeing this post and in addition to the the barrage of responses pointing out the glaringly obvious flaw in your argument - re: manufacturing to suit market demand- that I’m sure have followed, I’ll point out that there actually aren’t that many Japanese cars imported to the US. Honda, Toyota, Nissan, Mazda and Subaru build a majority of their cars sold in the US in the US, Canada or Mexico. The exceptions are typically low volume models (Supra, GT-R, Miata, Land Cruiser) or high performance trims of common models (Civic Type R, Corolla GR, Impreza WRX).

I drove a Japanese car in HS. It was built in Marysville Ohio, 42 years ago (‘83 Accord hatchback), and virtually every Accord sold in the US since 1982 (more than 12 million) was built there.
 
ZenMode said:
Presumably, it was the reciprocal tariffs he rolled out on April 2, right?
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taxfoundation.org

Trump’s Reciprocal Tariff Calculations Are Nonsense, Will Punish Mutually Beneficial Trade

If you tax trade, you get less of it—both imports and exports alike. Even a less-flawed version of Trump’s tariff plan would be unlikely to achieve its goals.
taxfoundation.org taxfoundation.org

You mean the ones they calculated using trade deficits? The ones that (for example) put a 10% tariff on Singapore, a free-trade country?
 
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superrific said:
End up negative how?

We will likely pull in more tariff revenue than last year. A little bit. Probably $50B or so. Not enough to move the needle at all. And that's before accounting for the wallop to income tax receipts
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From what I've read, those who over purchased will simply purchase less until inventories are balanced. So the extra tariff revenues will not remain constant.

When I said negative, I didn't mean dollar wise. I just meant the current positive news would not be maintained.
 
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