USA tariffs now at the levels which fuelled the big depression

[JohnD]

"Mexican auto exporters that comply with USMCA can claim a discount on the tariff for US content — which is higher than in other nations at an
average of about 40 per cent.
That would theoretically mean Mexican-made cars pay an average of about 15 per cent in total, the same level as Japan and the EU under their deals.

In reality, Garza said just two or three models made in Mexico had qualified for the discount so far. Everyone was still paying the 25 per cent rate, and no one had seen their money back yet, he added.

“The process to apply for the exemptions is too complicated,” he said. “They are in the process of getting refunded, but it’s just 2 or 3 models of 50, 60.”

FT.com

"The auto sector tariffs are separate and would require their own deal to change the terms. Mexican President Claudia Sheinbaum last week announced a 90-day extension for bilateral talks had been agreed, and that officials were working for a deal on autos."

 

[gas112]

Honestly, I don't believe Gasbag believes anything Orangina says or does.

He just enjoys trolling you.

Best president the US has had in years

 

[carmanmemoranda]

Best president the US has had in years

Best president the US has had since January, is a fair enough statement

 

[Brigadier]

Best president the US has had in years

Dog turd is better than cat turd.

"Best" is relative.

 

[Justin Passing]

Locally produced food? lol. You didn’t just pluck that out of the hat, now did you. How many imported components does a locally produced spud need?

No I did not. It was selected as a product consumed by the lower of mind and means, such perhaps, as yourself.
It is plainly freer of the burden of tariffs, disproportionately applied to extravagences of the better off.
Thus, a worthy outcome can be claimed by those of Trumpian persuasion.
It may, perhaps, prove generally applicable - though we have learned never to rely on any such expectation where sense is so rarely consulted.

 

[noseall]

No I did not. It was selected as a product consumed by the lower of mind and means,

But least affected by Trumps tariffs. Pointless post in other words.

 

[Notch7]

The Trump agenda has been running on fumes ever since he fell out with Musk.

 

[Notch7]

Best president the US has had in years

Gas112 knows Trump is an absolute failure but too cowardly to admit it.

Poor gas is a deluded MAGA.

 

[noseall]

Poor gas is a deluded MAGA.

Is there any other kind?

 

[Justin Passing]

But least affected by Trumps tariffs. Pointless post in other words.

NO, only beyond YOU.
The point is that the tariffs can be shown to be benefitting the less well off and costing the wealthier, more.

Not so many higher prices for everyday things - T quotes a list of reductions,
HIgher costs for wealthier,
tax reductions apply to all.

You seem to be obdurately goofy. Now you'll probably go off on a side-track or come back with something silly as usual.

 

[Justin Passing]

It is happening, just take Nike and Adidias as 2 easy examples. Lots lots more.

Hardle staple items, are they. I didn't say nothing is going up.
They have some inflation as most places do, but it's not high. It's in the mid 2's - lower than ours.
Maybe later.
It 's a tiny bit 0.1, 0.2% or so - this may be the start of a bigger rise.
It was anticipated that tariffs would have a much bigger impact on prices than they have. Many suspect the effect is just delayed.
That is why the FED, Chaired by Jerome Powell, whom Trump wants to sack, is holding interest rates where they are, longer than Trump wanted.

Trump's a steaming great prat - yes. Is he an economist - don't be daft of course not.
But those out to prove it by pointing at the economy aren't finding it easy, so far.

The economy is not measured by the stock market though, as gastosser would suggest.

There was a recent jobs number which the market didn't like. I suspect there will be more like that, or Trumps past will catch up with him, or something to cause a drama.

But many here are letting their prejudices get ahead of the facts.

 

[Vinty]

Trumps tariffs are raising revenue already, which is a good thing as that money is needed to offset the massive tax cuts to the rich.
Tax cuts for the poor are a con, he may give lower earners a few dollars more in their wages but they will be eaten up by higher prices due to tariffs which are essentially a tax on consumption.
The rich will get richer and the lower orders will just have to suck it up.

 

[Vinty]

It was anticipated that tariffs would have a much bigger impact on prices than they have. Many suspect the effect is just delayed.

Any delay is caused by American importers stockpiling huge quantities of goods before the tariffs kicked in.

 

[noseall]

NO, only beyond YOU.
The point is that the tariffs can be shown to be benefitting the less well off and costing the wealthier, more.

Interesting your opinion visualised some backwoods, phoneless, tech-less Hill Billy and not the millions of inner city poor folk being crushed by Trumps cruel and incompetent fiscal policies.

Affecting the wealthy more my arse.

 

[carmanmemoranda]

Hardle staple items, are they. I didn't say nothing is going up.
They have some inflation as most places do, but it's not high. It's in the mod 2's - lower than ours.
Maybe later.
It 's a tiny bit 0.1, 0.2% or so - this may be the start of a bigger rise.
It was anticipated that tariffs would have a much bigger impact on prices than they have. Many suspect the effect is just delayed.
That is why the FED, Chaired by Jerome Powell, whom Trump wants to sack, is holding interest rates where they are, longer than Trump wanted.

Trump's a steaming great prat - yes. Is he an economist - don't be daft of course not.
But those out to prove it by pointing at the economy aren't finding it easy, so far.

The economy is not measured by the stock market though, as gastosser would suggest.

There was a recent jobs number which the market didn't like. I suspect there will be more like that, or Trumps past will catch up with him, or something to cause a drama.

But many here are letting their prejudices get ahead of the facts.

According to the Bureau of Labor Statistics

Eggs, chicken and beef prices are more than 10% expensive than they were ayear ago. Staple items.

Orange juice, bread, bacon are not far behind. Staple items.

I'm sticking with facts. You might recall eggs was an item used as an example in the elections.