Vietnam offers 0% tariff/Cambodia Drops to 5%

[JimmySpeaks]

https://www.nationthailand.com/blogs/news/asean/40048383

[1032004]

Hopefully this is actually the goal.  And China follows.  We’ll see

[red viking]

  On 4/6/2025 at 2:20 PM, JimmySpeaks said:

Of course it’s the goal.  China will take awhile for sure but they’ll eventually come to the table. 

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He's given zero indication that he'd drop to zero if they did. 

[JimmySpeaks]

  On 4/6/2025 at 2:52 PM, red viking said:

He's given zero indication that he'd drop to zero if they did. 

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Huh?   Who said he did?   
 

btw Israel dropped to zero too 

[red viking]

  On 4/6/2025 at 2:55 PM, JimmySpeaks said:

Huh?   Who said he did?   
 

btw Israel dropped to zero too 

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If he doesn't drop his tariffs then other countries won't either. His bullying won't work, especially on countries holding our debt and that allow dollar, for time being, to be the world's reserve currency. Countries are hitting us back. Hopefully even harder. I want maximum impact on this jerk. 

[1032004]

  On 4/6/2025 at 2:55 PM, JimmySpeaks said:

Huh?   Who said he did?   
 

btw Israel dropped to zero too 

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Didn’t Israel do that before Trump put tariffs on them?

Edited April 6 by 1032004

[JimmySpeaks]

  On 4/6/2025 at 4:02 PM, 1032004 said:

Didn’t Israel do that before Trump put tariffs on them?

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The night before. Why does that matter?  

[JimmySpeaks]

  On 4/6/2025 at 3:55 PM, red viking said:

If he doesn't drop his tariffs then other countries won't either. His bullying won't work, especially on countries holding our debt and that allow dollar, for time being, to be the world's reserve currency. Countries are hitting us back. Hopefully even harder. I want maximum impact on this jerk. 

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Ummmmm Israel just did exactly that. 

[red viking]

  On 4/6/2025 at 6:08 PM, JimmySpeaks said:

Ummmmm Israel just did exactly that. 

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Israel already has a blank check, courtesy of u.s. taxpayers. 

[JimmySpeaks]

And zero tariffs on America. 

[JimmySpeaks]

https://www.reuters.com/world/taiwan-wont-take-reciprocal-tariffs-against-us-will-remove-trade-barriers-2025-04-06/
 

 

 

Looks like Taiwan is onboard for ZERO TARIFFS AND AMERICAN INVESTMENTS.  

[1032004]

  On 4/6/2025 at 6:08 PM, JimmySpeaks said:

The night before. Why does that matter?  

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Because isn’t the point of other countries’ dropping them so that the US will drop the tariffs on them too?  Has Trump actually indicated he would do that?

[JimmySpeaks]

  On 4/6/2025 at 6:37 PM, 1032004 said:

Because isn’t the point of other countries’ dropping them so that the US will drop the tariffs on them too?  Has Trump actually indicated he would do that?

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The point is fairer trade.  Dose t mean they’ll immediately be dropped

[scourge165]

  On 4/6/2025 at 1:09 PM, 1032004 said:

Hopefully this is actually the goal.  And China follows.  We’ll see

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China is at 2.2%. 

The goal isn't to get the tariffs DOWN, he wants all trade deficits gone like a trade deficit is an inherently bad thing.

 

  On 4/6/2025 at 2:52 PM, red viking said:

He's given zero indication that he'd drop to zero if they did. 

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Exactly. 

And if you look at the Japanese markets, tomorrow is going to be a....VERY bad day again. 

[scourge165]

  On 4/6/2025 at 6:37 PM, 1032004 said:

Because isn’t the point of other countries’ dropping them so that the US will drop the tariffs on them too?  Has Trump actually indicated he would do that?

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No, he's said he would not. He's specifically said it doesn't matter and there is nothing they can do, the tariffs are here to stay.

Now we know what Trump says vs what he actually does are very different and with what appears to be coming in tomorrows markets, he may start walking these back, but no, he hasn't used other countries actual tariffs for ANYTHING. He just made up the "tariffs" they put on us.

 

He's ALMOST certainly not walking any of these tariffs back until the fed has cut....150 basis points. 

[1032004]

  On 4/6/2025 at 8:02 PM, scourge165 said:

No, he's said he would not. He's specifically said it doesn't matter and there is nothing they can do, the tariffs are here to stay.

Now we know what Trump says vs what he actually does are very different and with what appears to be coming in tomorrows markets, he may start walking these back, but no, he hasn't used other countries actual tariffs for ANYTHING. He just made up the "tariffs" they put on us.

 

He's ALMOST certainly not walking any of these tariffs back until the fed has cut....150 basis points. 

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Gotcha.  But haven’t Vietnam and Cambodia said they’d only drop theirs if they come to an agreement with the US?

[scourge165]

  On 4/6/2025 at 8:45 PM, 1032004 said:

Gotcha.  But haven’t Vietnam and Cambodia said they’d only drop theirs if they come to an agreement with the US?

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I believe it was an offer and they'd be foolish to do so without any agreement in place.

 

But this was a big issue during the campaign. Remember Trump threatening to fire Powell and Powell saying...flatly, 'he doesn't have the authority,' and then there was backlash against Trump and he promised he wouldn't do it.

This is the way he is doing it. He's trying to force inflation up by pulling the rug out from the US economy, force the US TOWARDS a recession thinking he can time it with the Fed cutting back down to 2% and then...put the rug back in place and...nobody will notice. 

But this is 90% about the interest rates on the 10 year. 

[red viking]

Not helping markets. Continuing to crater so investors aren't seeing this as much, if anything. 

[scourge165]

  On 4/6/2025 at 10:18 PM, red viking said:

Not helping markets. Continuing to crater so investors aren't seeing this as much, if anything. 

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Yeah, this is nothing. Again, the commerce secretary are on here talking about how tariffs aren't going anywhere, that Vietnam's offer isn't good enough.

Remember, they just made these numbers up. 

 

Also remember the people who voted him in, they believed Trump when he said the OTHER Countries pay the tariffs. 

[JimmySpeaks]

It’s common knowledge that the other country pays some of it. And the company some.  And the consumer some. 

[red viking]

  On 4/7/2025 at 12:17 AM, JimmySpeaks said:

It’s common knowledge that the other country pays some of it. And the company some.  And the consumer some. 

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That's a lie. They pay it up front but then charge more on the back end so it's a wash. None of them are going to accept a loss. They only sell for profit. 

The net result is simply that the consumers, mostly poorer people, pay a tax, and as a result fewer imports are actually purchased. We produce a little more domestically to offset that but also export less because other countries kick us back w their own tariffs. 

We isolate ourselves while rest of the world strengthen their trade relationships. 

Edited April 7 by red viking

[JimmySpeaks]

Zimbabwe is now onboard with zero tariffs 

 

https://www.msn.com/en-us/money/markets/zimbabwe-president-to-suspend-tariffs-on-imports-from-the-united-states/ar-AA1CoCZA?ocid=hpmsn&cvid=a78efc3144f94833bfb12f4d046c9faf&ei=28

[JimmySpeaks]

  On 4/7/2025 at 12:34 AM, red viking said:

That's a lie. They pay it up front but then charge more on the back end so it's a wash. None of them are going to accept a loss. They only sell for profit. 

The net result is simply that the consumers, mostly poorer people, pay a tax, and as a result fewer imports are actually purchased. We produce a little more domestically to offset that but also export less because other countries kick us back w their own tariffs. 

We isolate ourselves while rest of the world strengthen their trade relationships. 

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The lie is that it ALL  gets passed on to the consumer. 

[red viking]

  On 4/7/2025 at 12:46 AM, JimmySpeaks said:

The lie is that it ALL  gets passed on to the consumer. 

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Ok. In the short term, some does get absorbed higher up the chain. Long term, NONE does. 

[JimmySpeaks]

Nope