Thoughts on Trump's tariffs?

Thoughts on Trump's tariffs?

  • Strongly support

    Votes: 24 11.6%

  • Somewhat support

    Votes: 21 10.1%

  • Neutral

    Votes: 41 19.8%

  • Somewhat oppose

    Votes: 20 9.7%

  • Strongly oppose

    Votes: 101 48.8%
  • Total voters
    207
Alexander the Straight said:
I strongly support it because I believe/hope that it will hasten the decline of the US and restore the global balance of power.
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Amen! although I vote "neutral" while waiting to see how it plays out first

ushering in a multi-polar world is exactly what I was on about in the other thread:
NarrowBandFtw said:
if Trump and team actually did all of this to intentionally crash markets I'll become his biggest fan! :love:
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Somewhat support the tariffs but I think the approach of determining the tariff is stupid.
 
It's a good time to buy more shares for my US share portfolio. Only question is whether I should wait for it to slide more before I buy.
 
The markets have spoken louder than any MyBB member:
www.bbc.com

Asian stocks see their worst drop in decades after Trump tariffs

Asian markets from Tokyo to Sydney plunged amid increasing fears of a global economic downturn.
www.bbc.com www.bbc.com
The Shanghai Composite was down more than 8% at one point, Hong Kong's Hang Seng dropped more than 13% and Japan's Nikkei 225 closed down by 7.8% - moves that one analyst described to the BBC as a "bloodbath".
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If you are a South African citizen, and you support Trump's tarrifs, then I would surely like to know your reason.

The company I work for(heavy engineering) exports a lot of our products across the world, US included. Where we sell local, some of those products are processed further and also exported across the world.

These tarrifs will hurt our business. Why? Because the company that imports it, now has to pay a 30% tarrif (tax) on it. This makes it more expensive for our customers, forcing them to look locally (in the US, which is what Trump wants), or forcing them to look to another country for products.

We normally export to the end user, but where companies export consumer products, the cost of these tarrifs will most probably be passed on the the consumer down the value chain. So, consumers will look at other products, hurting the business of importers, hurting companies that export.

Yes, South African products are less than 1% of US imports, and I'm not sure how big our exports to the US is, but on a micro level, these tarrifs will hurt people, like me. It will cost jobs all over the world, even in the US as importers lose business.

My question is, and I aint a genius, will these tarrifs really bolster the US economy? Will it create jobs, or will jobs just shift? The higher cost of imported goods will be passed on to the consumer, so they will need better jobs to afford it.

I get what Trump wants to do. He wants to keep and grow manufactuing, etc in the US. And he wants to lure the US's big trade partners to the table for talks.

So, I don't support the tarrifs, as it will affect my own life negatively, but it will also affect many lives around the world negatively. Economies around the world are already under emmense pressure, and the tarrifs are not helping anyone. I mean, just look at what is happening to world markets these last weeks.
 
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Gordon_R said:
The markets have spoken louder than any MyBB member
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the first reaction markets always have to any major event is to panic

today's only the third trading day since the news broke, the markets will continue to panic for a while, this is the equivalent of the tide going out, now we wait to see who was swimming naked

eventually panic gets displaced by reality and it's only then that markets reflect reality again, there's no magic wisdom inherent in "the markets", it's all just herd mentality
 
JabiRider said:
If you are a South African citizen, and you support Trump's tarrifs, then I would surely like to know your reason.

The company I work for(heavy engineering) exports a lot of our products across the world, US included. Where we sell local, some of those products are processed further and also exported across the world.

These tarrifs will hurt our business. Why? Because the company that imports it, now has to pay a 30% tarrif (tax) on it. This makes it more expensive for our customers, forcing them to look locally (in the US, which is what Trump wants), or forcing them to look to another country for products.

We normally export to the end user, but where companies export consumer products, the cost of these tarrifs will most probably be passed on the the consumer down the value chain. So, consumers will look at other products, hurting the business of importers, hurting companies that export.

Yes, South African products are less than 1% of US imports, and I'm not sure how big our exports to the US is, but on a micro level, these tarrifs will hurt people, like me. It will cost jobs all over the world, even in the US as importers lose business.

My question is, and I aint a genius, will these tarrifs really bolster the US economy? Will it create jobs, or will jobs just shift? The higher cost of imported goods will be passed on to the consumer, so they will need better jobs to afford it.

I get that Trump wants to do. He wants to keep and grow manufactuing, etc in the US. And he wants to lure the US's big trade partners to the table for talks.

So, I don't support the tarrifs, as it will affect my own life negatively, but it will also affect many lives around the world negatively. Economies around the world are already under emmense pressure, and the tarrifs are not helping anyone. I mean, just look at what is happening to world markets these last weeks.
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Actually it doesn't matter which country you're a citizen in. Anyone anywhere who supports this is a moron.

Don't need to take my word for it when 6 000 000 000 000 USD has been wiped off in a few days with more to come when the market opens later today. Not an economist alive who would support this. Retarded formula used to calculate tariffs and imposing it on completely insignificant countries and islands with no humans on it, except Russia of all places!

Yet hardcore Trumpists would still find a way to defend this. Astonishing.
 
Bill Clitnon said:
Actually it doesn't matter which country you're a citizen in. Anyone anywhere who supports this is a moron.

Don't need to take my word for it when 6 000 000 000 000 USD has been wiped off in a few days with more to come when the market opens later today. Not an economist alive who would support this. Retarded formula used to calculate tariffs and imposing it on completely insignificant countries and islands with no humans on it, except Russia of all places!

Yet hardcore Trumpists would still find a way to defend this. Astonishing.
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Bill Clitnon said:
Actually it doesn't matter which country you're a citizen in. Anyone anywhere who supports this is a moron.

Don't need to take my word for it when 6 000 000 000 000 USD has been wiped off in a few days with more to come when the market opens later today. Not an economist alive who would support this. Retarded formula used to calculate tariffs and imposing it on completely insignificant countries and islands with no humans on it, except Russia of all places!

Yet hardcore Trumpists would still find a way to defend this. Astonishing.
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True, I said South African citizen, because the people who voted here, and voted in support are most likely a South African. And I would like one of the "support" voters give me their insights on how this is a good idea.

As one post said, markets always react with panic, but this panic was a but unneccessary. Financial Markets are down, Crypto Markets are down and even the gold price is down, which is unusual, as it is normally a safe-haven when markets are down.

On insignificant countries and islands that are inhabited by only penguins, it is most likely that they were ensuring any loopholes were closed.
 
LCBXX said:
South Africa's tariffs on US poultry and related products is 80%. One example.

Start there before you reeeee over Trump and his tariffs.
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Sure, let's start there.

A quick Google search shows (from the US Dep of Agri website) SA's poultry tariffs on the US to be 62% for bone-in chicken and 42% for boneless portions, so don't know where you got 80% from. SA's average tariff on US goods is 7.6% and obviously not 60% as claimed by Trump.

So his 30% tariffs on SA are 4x higher. Probably a similar story for every other country. Is this a good idea and/or justifiable? Any other examples you want to bring up? And keep the figures accurate please.
 
JabiRider said:
If you are a South African citizen, and you support Trump's tarrifs, then I would surely like to know your reason.

The company I work for(heavy engineering) exports a lot of our products across the world, US included. Where we sell local, some of those products are processed further and also exported across the world.

These tarrifs will hurt our business. Why? Because the company that imports it, now has to pay a 30% tarrif (tax) on it. This makes it more expensive for our customers, forcing them to look locally (in the US, which is what Trump wants), or forcing them to look to another country for products.

We normally export to the end user, but where companies export consumer products, the cost of these tarrifs will most probably be passed on the the consumer down the value chain. So, consumers will look at other products, hurting the business of importers, hurting companies that export.

Yes, South African products are less than 1% of US imports, and I'm not sure how big our exports to the US is, but on a micro level, these tarrifs will hurt people, like me. It will cost jobs all over the world, even in the US as importers lose business.

My question is, and I aint a genius, will these tarrifs really bolster the US economy? Will it create jobs, or will jobs just shift? The higher cost of imported goods will be passed on to the consumer, so they will need better jobs to afford it.

I get what Trump wants to do. He wants to keep and grow manufactuing, etc in the US. And he wants to lure the US's big trade partners to the table for talks.

So, I don't support the tarrifs, as it will affect my own life negatively, but it will also affect many lives around the world negatively. Economies around the world are already under emmense pressure, and the tarrifs are not helping anyone. I mean, just look at what is happening to world markets these last weeks.
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I don't think many South Africans support it from the view of a South African. However, from Trump's view to advance US production industry, it is one that Western nations can learn from.

And from a social point of view - US companies should not be allowed to exploit cheap foreign labour - something which will no doubt come to bite them in the arse in 1-400 years when those that benefited from scam indian call centres cry victim.

Is Trump hard on SA? No. Imagine an oil embargo on SA like the one imposed on SA in the 1970's. Then we can talk.
 
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