No, you get the minimum 10% extra tarrif, unless you're Russia or North Korea, then there's no additional tarrifs.So If I buy more from the US, than I sell to the US, I get a subsidy?
how soon will Trump back down over tariffs
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Some have caved to Trump already
"The tariff rate does not accurately reflect the actual Taiwan-US trade situation and is unfair to Taiwan.
.I see you really are struggling , thinking that tariffs are the only factor in the US -Taiwan trade situation .
That is why they never specifically mentioned tariffs ya muppet
So if neither made any difference i could pick whatever i wanted . But im glad you agreed and voted for Brexit
now lets look at trumps call on tax cuts.
no tax on tips
no tax on overtime
no tax on social security payments
Tax deduction for interest on car loans
Yep they look like they are aimed at the rich
The Taiwan example is quite useful, because the figures I will use are very close to the actual ones
This example uses the equation given by the White House. Say, USA imports $100bn from Taiwan and exports $36bn. The difference between these two figures is $64 billion. Then you divide $64 billion by the amount of imports ($100bn). This gives an answer of 0.64.
0.64 means 64%. This is the amount of tariffs that the Trump team has calculated the USA needs to implement against Taiwan to wipe out the trade deficit. It is as simple as that. In working out the 64% figure for Taiwan, no account has been taken of anything other than the current level of the trade deficit with Taiwan. The Trump team haven't actually looked at the level of tariffs or any other policy or factor. All they have done is this very simple calculation. They have done the same for every other country. Then they have divided each answer in half, to get the figures for the tariffs they decided to impose yesterday. So with the EU, the answer from the calculation was 39%, so they imposed a tariff of 20%. It is a very unusual approach!
Presidential Tariff Actions
For the Presidential actions taken pursuant to his authority under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), see below:
Show me a statement from the Taiwanese stating they do not impose a 64% tariff on US goods . They are that upset with they havent denied it to the world strange that .The Taiwan example is quite useful, because the figures I will use are very close to the actual ones
This example uses the equation given by the White House. Say, USA imports $100bn from Taiwan and exports $36bn. The difference between these two figures is $64 billion. Then you divide $64 billion by the amount of imports ($100bn). This gives an answer of 0.64.
0.64 means 64%. This is the amount of tariffs that the Trump team has calculated the USA needs to implement against Taiwan to wipe out the trade deficit. It is as simple as that. In working out the 64% figure for Taiwan, no account has been taken of anything other than the current level of the trade deficit with Taiwan. The Trump team haven't actually looked at the level of tariffs or any other policy or factor. All they have done is this very simple calculation. They have done the same for every other country. Then they have divided each answer in half, to get the figures for the tariffs they decided to impose yesterday. So with the EU, the answer from the calculation was 39%, so they imposed a tariff of 20%. It is a very unusual approach!
Presidential Tariff Actions
For the Presidential actions taken pursuant to his authority under the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.) (IEEPA), see below:ustr.gov
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Irrelevant. They haven't agreed with the figure either. It has been shown how his tariffs were worked out, and it is nothing to with tariffs imposed by other countries.
They are all scared of upsetting Trump. That is why nobody apart from academics are pointing out what is actually going on. But the level of tariffs Taiwan impose on USA is more like 5%, based on publicly available information. It is utterly fascinating!
Do you at least accept the Trump team's explanation of how they arrived at their figures?
which of those have happened?
oh and heres a breakdown of what they actually mean:
theres already no tax on social security payments for those on lower incomes.............so thats a tax cut for the rich
tax deduction interest on car loans.....if ti happens the benefit will be less than the increase due to tariffs
no tax on overtime: disproportionately benefits higher earners
no tax on tips: exempting tips would not even help the vast majority of low-income workers.
Poor gas112 as usual didnt look at the detail, oh dear
Scared of upsetting Trump behave they have already spoken out
theres no need its been shown that the way they worked it out is a load of tosh
you just keep on drinking the Kool aid
deary deary me you really do struggle dont youwhich of those have happened?
oh and heres a breakdown of what they actually mean:
theres already no tax on social security payments for those on lower incomes.............so thats a tax cut for the rich
tax deduction interest on car loans.....if ti happens the benefit will be less than the increase due to tariffs
no tax on overtime: disproportionately benefits higher earners
no tax on tips: exempting tips would not even help the vast majority of low-income workers.
Poor gas112 as usual didnt look at the detail, oh dear
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