Tariff settlement with Japan

[bdroc]

Same. Haven't heard much. They may be digging in their heals which will not end well for them. 77% of their exports are to the US. https://tradingeconomics.com/canada/exports-by-country

And over 32% of their entire GDP is exports. https://tradingeconomics.com/canada/exports-of-goods-and-services-percent-of-gdp-wb-data.html

So their GDP is (.32*.77*100%) = 25% EXPORTS TO THE US. They either cut a deal or their economy will absolutely collapse. Trump knows he has massive leverage with these hosers.

I think most trade falls under USMCA so they're only arguing about things not covered by that agreement.

Trump claims that part of the disagreement is that Canada hasn't done enough to stop Fentanyl. I'm surprised if that's true. Canada isn't Mexico. The thing that bugs me most about Canada is that they only spend 1.3% of GDP on defense while we spend 3.4%. I'm tired of the USA bearing the financial burden for everybody else.

 

[Slava Ukraini]

Trade deals with Japan, Philippines and Indonesia. All in one day. Not too shabby.

not too shabby?
Soooooo,
what is this going to cost me purchasing items from these two countries? 20% + 6% state tax?

 

[Barry]

not too shabby?
Soooooo,
what is this going to cost me purchasing items from these two countries? 20% + 6% state tax?

How much are you purchasing from these countries??

Toyota and Honda have over 20 US mfg plants, so you likely aren't getting dinged much for a car. What other big items are there?

 

[Slava Ukraini]

How much are you purchasing from these countries??

Toyota and Honda have over 20 US mfg plants, so you likely aren't getting dinged much for a car. What other big items are there?

don't bother me now-save it for later in the day Frances.....have a PDH Credit class

 

[Frank Lee]

The blue collar middle class has been gutted over the past 40 years. The Budd Company won't be back in Philadelphia building rail cars nor will the Mon Valley be bustling, but in the South there is Michelin, BMW, Mercedes-Benz, Toyota, Hyundai, Kia, etc. etc., all employing a lot of people at very good wages. There still may be tariff issues with parts and raw materials, but the idea is to get manufacturing and its tax paying (and consuming) workers back into the country. It's up to PA's govt and CofC to get their azzez in gear and fight for these businesses. BTW, the brand new Taiwan Semiconductor plant in North Phoenix is freaking huge.

 

[LudicrousSpeedGO!]

don't bother me now-save it for later in the day Frances.....have a PDH Credit class

So then waiting on the issued talking points from your owners?

 

[Frank Lee]

Because of BMW and nearby Michelin, Greenville SC has reinvented itself. Beautiful and fun downtown in what was once an old textile center. Furman U campus is postcard perfect and DI football is up the road at Clemson.

 

[Frank Lee]

Commodore, Unisys, even Swan Computers. Does PA have any idea what to do with tech?

 

[bdroc]

How much are you purchasing from these countries??

Toyota and Honda have over 20 US mfg plants, so you likely aren't getting dinged much for a car. What other big items are there?

Most of the parts are imported. I wonder if Japan's investment in the U.S. is to make more parts here in order to avoid the 15% tariff.

 

[LionDeNittany]

The blue collar middle class has been gutted over the past 40 years. The Budd Company won't be back in Philadelphia building rail cars nor will the Mon Valley be bustling, but in the South there is Michelin, BMW, Mercedes-Benz, Toyota, Hyundai, Kia, etc. etc., all employing a lot of people at very good wages. There still may be tariff issues with parts and raw materials, but the idea is to get manufacturing and its tax paying (and consuming) workers back into the country. It's up to PA's govt and CofC to get their azzez in gear and fight for these businesses. BTW, the brand new Taiwan Semiconductor plant in North Phoenix is freaking huge.

PA is dead.
Has been for a long time.

Mostly thanks to Philly and the 'voters' there.

Want to see decay? Visit PA.

 

[jjw165]

not too shabby?
Soooooo,
what is this going to cost me purchasing items from these two countries? 20% + 6% state tax?

Impossible for me to answer that question. There are a variety of factors in play; the details of the agreement, the industries affected and the adjustments made by companies within those industries, your purchasing habits, length of time, etc. The one thing I will say is it will help with reinvesting in the US economy and worker. We saw the further hollowing out of the economy during the last four years with essentially a 25% across the board price increase to live. The worst is over.

 

[LudicrousSpeedGO!]

Impossible for me to answer that question. There are a variety of factors in play; the details of the agreement, the industries affected and the adjustments made by companies within those industries, your purchasing habits, length of time, etc. The one thing I will say is it will help with reinvesting in the US economy and worker. We saw the further hollowing out of the economy during the last four years with essentially a 25% across the board price increase to live. The worst is over.

True. Nothing compares to Bidenflation except the late 70s/early80s stagflation when I was just a kid. Otherwise, in my lifetime the greatest economic damage experienced is Biden's cumulative 21% inflation in 4 years. Inflation is the most regressive tax that there is. It hurts those with the least by far the most. And EVERY American will pay 21% more for EVERYTHING that they EVER buy FOR LIFE. That's how inflation works. It cannot be undone. All future inflation is on top of the 40 year high Bidenflation.

 

[DJ Spanky]

How much are you purchasing from these countries??

Toyota and Honda have over 20 US mfg plants, so you likely aren't getting dinged much for a car. What other big items are there?

Don't forget his lifelike Japanese blowup doll!

 

[AvgUser]

On a similar note, if FL raised our sales tax 2%, we could drop all residential property taxes. The deficits predicted by the congressional accounting office are billshit. They ignore tariff income and revenues that will be gained from growth when the feds drop interst rates.
Powell has terminal TDS. He wants to destroy Trump more than to do the right thing. He will go down with his own sinking career.

**** shame Biden hired Powell

 

[Slava Ukraini]

The blue collar middle class has been gutted over the past 40 years. The Budd Company won't be back in Philadelphia building rail cars nor will the Mon Valley be bustling, but in the South there is Michelin, BMW, Mercedes-Benz, Toyota, Hyundai, Kia, etc. etc., all employing a lot of people at very good wages. There still may be tariff issues with parts and raw materials, but the idea is to get manufacturing and its tax paying (and consuming) workers back into the country. It's up to PA's govt and CofC to get their azzez in gear and fight for these businesses. BTW, the brand new Taiwan Semiconductor plant in North Phoenix is freaking huge.

Impossible for me to answer that question. There are a variety of factors in play; the details of the agreement, the industries affected and the adjustments made by companies within those industries, your purchasing habits, length of time, etc. The one thing I will say is it will help with reinvesting in the US economy and worker. We saw the further hollowing out of the economy during the last four years with essentially a 25% across the board price increase to live. The worst is over.

Right Frank, I understand; jjw, the reason I was questioning the new tariffs on "The Rising Sun", Philippines and Indonesia follows:
I buy several shirts a year from Paul Fredrick, since I have some fall conferences coming up, I thought I'd buy a few shirts.
I was shocked at the 20% price increase since last fall when I purchased similar shirts. I thought the increase may be due to imported fabric.

last Falls order:

I was finally able to track down where the items were made.
I'm wondering if the __% of tariffs are in effect from China.

"Paul Fredrick shirts used to be all-American when it came to their manufacturing, but that ship has sailed! Back in 2001, they packed up shop and moved their manufacturing operations all the way to China. So now, when you’re buttoning up a Paul Fredrick shirt, it’s got some serious frequent flyer miles under its collar."

Planning to buy two shirts @ $89 x 6% sales = $188.7

Last year the two shirts @ $75 x 6% sales = $159

---

I don't eat many steaks now as I did when younger, Shopping at Gerrity's on Friday thought I'd look for steaks on sale, T-Bones, Porterhouses and Delmonico. I was surprised, a week or so ago, the prices were around $16+/- per Lb ......that Friday they were $21+/- per Lb.

 

[Slava Ukraini]

**** shame Biden hired Powell

have to give that some thought, I'm done thunking.

 

[interrobang]

I don't eat many steaks now as I did when younger, Shopping at Gerrity's on Friday thought I'd look for steaks on sale, T-Bones, Porterhouses and Delmonico. I was surprised, a week or so ago, the prices were around $16+/- per Lb ......that Friday they were $21+/- per Lb.

If you're buying imported steaks, you're doing it wrong.

 

[bdroc]

Right Frank, I understand; jjw, the reason I was questioning the new tariffs on "The Rising Sun", Philippines and Indonesia follows:
I buy several shirts a year from Paul Fredrick, since I have some fall conferences coming up, I thought I'd buy a few shirts.
I was shocked at the 20% price increase since last fall when I purchased similar shirts. I thought the increase may be due to imported fabric.

last Falls order:

View attachment 70

View attachment 71

I was finally able to track down where the items were made.
I'm wondering if the __% of tariffs are in effect from China.

"Paul Fredrick shirts used to be all-American when it came to their manufacturing, but that ship has sailed! Back in 2001, they packed up shop and moved their manufacturing operations all the way to China. So now, when you’re buttoning up a Paul Fredrick shirt, it’s got some serious frequent flyer miles under its collar."

Planning to buy two shirts @ $89 x 6% sales = $188.7

Last year the two shirts @ $75 x 6% sales = $159

---

I don't eat many steaks now as I did when younger, Shopping at Gerrity's on Friday thought I'd look for steaks on sale, T-Bones, Porterhouses and Delmonico. I was surprised, a week or so ago, the prices were around $16+/- per Lb ......that Friday they were $21+/- per Lb.

You're saying tariffs hit last Friday?

 

[Slava Ukraini]

You're saying tariffs hit last Friday?

where did you get that idea?

If you're buying imported steaks, you're doing it wrong.

I asked the aged, old butcher about the sizeable price increase, he told me the USA is shipping a lot of beef to China increasing the demand on our beef. I believe he's wrong, I don't believe we are exporting any beef to China these days due to the uncertainly of trade.
I was under the impression we supplied our own beef and imported about 20%+/- from Australia, New Zealand and a few other countries.

 

[LudicrousSpeedGO!]

Right Frank, I understand; jjw, the reason I was questioning the new tariffs on "The Rising Sun", Philippines and Indonesia follows:
I buy several shirts a year from Paul Fredrick, since I have some fall conferences coming up, I thought I'd buy a few shirts.
I was shocked at the 20% price increase since last fall when I purchased similar shirts. I thought the increase may be due to imported fabric.

last Falls order:

View attachment 70

View attachment 71

I was finally able to track down where the items were made.
I'm wondering if the __% of tariffs are in effect from China.

"Paul Fredrick shirts used to be all-American when it came to their manufacturing, but that ship has sailed! Back in 2001, they packed up shop and moved their manufacturing operations all the way to China. So now, when you’re buttoning up a Paul Fredrick shirt, it’s got some serious frequent flyer miles under its collar."

Planning to buy two shirts @ $89 x 6% sales = $188.7

Last year the two shirts @ $75 x 6% sales = $159

---

I don't eat many steaks now as I did when younger, Shopping at Gerrity's on Friday thought I'd look for steaks on sale, T-Bones, Porterhouses and Delmonico. I was surprised, a week or so ago, the prices were around $16+/- per Lb ......that Friday they were $21+/- per Lb.

Did you do similar deep dive when Biden ran up cumulative 21% inflation? You know there were some items that doubled and tripled in price for you to pull out examples. I must have missed those posts of yours on the old board last year.