Tariffs Catch-All

[nycfan]

I have a question - does “aligning” with BRICS policies include being a BRICS country? Because that would mean tariffs on Russia when none were announced on April 2 …

Also, does that mean +10% on India? China? South Africa? Brazil? Iran? UAE? Indonesia? Egypt?

 

[Zoo_View]

So, Trump is more cognizant than Sleepy Joe……he just has his answering flunky next to him.

 

[ChileG]

I just think we shouldn’t sublease factories in other countries to produce what we buy. The world is turning a little more introspective, and self sufficiency as much as you can get is a good thing.

That’s not what you said, though. You said we would end up “with better trade deals.”
Tariffs mean we will pay more. All throughout history until now, paying more for the same product would normally be seen as a bad deal.

 

[farce©]

I wonder which Trump Administration officials/friends/family are shorting the market today?

 

[nycfan]

 

[nycfan]

 

[nycfan]

 

[CRHeel94]

This tariff situation will ultimately end in better US trade deals. The fact that China, the second largest economy in the world gets special treatment from the WTO is dumb. Middle class in US has been hollowed out. Can the fix it? We’ll see.

There were a couple trade situations which needed some revision. But carpet bombing tariffs to every country such a haphazard way is reckless and short-sighted. It's bully politics at its best.

 

[altmin]

https://www.nytimes.com/2025/07/07/world/canada/natural-gas-asia-us-trade.html

Looking Beyond the U.S. for Trade, Canada Begins Shipping Natural Gas to Asia​

A tanker is headed to South Korea with a first shipment of liquefied natural gas from Canada, which hopes to reduce its export reliance on its neighbor.

 

[Bigs23]

Such an asinine response.

 

[nycfan]

I have a question - does “aligning” with BRICS policies include being a BRICS country? Because that would mean tariffs on Russia when none were announced on April 2 …

Also, does that mean +10% on India? China? South Africa? Brazil? Iran? UAE? Indonesia? Egypt?

Trump Steps Up His Fight With Brics Nations​

China and Russia pushed back after the U.S. president threatened to place tariffs on countries embracing the policies of the group​

—> https://www.wsj.com/world/trump-ste...a?st=j4Q8Mv&reflink=desktopwebshare_permalink

“… Representatives of Brics nations, including Chinese Premier Li Qiang and Indian Prime Minister Narendra Modi, have been meeting at a summit in Rio de Janeiro. In a joint declaration, the group said it had “serious concerns about the rise of unilateral tariff and non-tariff measures,” without mentioning the U.S. directly. It also condemned recent military strikes against Iran following the Israeli and American campaign to destroy Tehran’s nuclear facilities.

Responding to Trump’s threats, a spokeswoman for China’s Foreign Ministry stated on Monday its oft-repeated line that trade wars and tariff wars have no winners. Brics “does not target any country.” The Kremlin echoed those remarks, saying that Brics “has never been and will never be directed against third countries.”

While Trump didn’t spell out the group’s “Anti-American policies,” the Brics have in recent years discussed ways to promote alternatives to Western-led geopolitical and financial frameworks.

…In their declaration, the Brics also condemned the imposition of international sanctions, which they see as unlawful measures undermining international law. The U.S., along with its allies, has imposed a raft of sanctions on Russia for its invasion of Ukraine and on Iran over its nuclear program.

The Brics group expanded in recent years to include Egypt, Ethiopia, Iran, Indonesia and the United Arab Emirates. Together, the members represent around 26% of the world’s gross domestic product in nominal terms and over 40% of the global population.…”