You have to understand. He's been lying so long, and so much, it's become the Truth for Him! He really wouldn't even know how to change a Light Bulb!The dirty 15% tarrifs.
The nations that are going to be hit with new or additional tarrifs come April 2nd. Indonesia is on the list and here they were attempting to get a deal to supply eggs to the US. They won't be alone though. Other nations that have already agreed to send eggs are on the list too. Biggest tax increase in US history but he's still saying other nations will pay them. He just keeps that lie alive. He is under the impression that smaller nations should buy from the US at the same level the US buys from them. No matter if the other nations are half or less their size and needs are smaller.
Tump's simplistic notion is that tariffs on imports will lead to local US manufacture and create jobs. But the turn around to do that will take quite a bit of time. Economies flourish when there is confidence for investment but this present climate is evidently frightening investors as is reflected on share prices dropping on stock markets. In the meantime prices in the US will rise as so much product is imported which will have higher tariffs and be passed on to consumers, This will lead to a downturn in demand and more people will lose their jobs. For those who have ample funds I guess they can afford to wait for the turn around. For the many millions of Americans just getting by, many of them won't and they may run into a recession. All of this will impact economies globally and the danger is a worldwide recession if not depression.The dirty 15% tarrifs.
The nations that are going to be hit with new or additional tarrifs come April 2nd. Indonesia is on the list and here they were attempting to get a deal to supply eggs to the US. They won't be alone though. Other nations that have already agreed to send eggs are on the list too. Biggest tax increase in US history but he's still saying other nations will pay them. He just keeps that lie alive. He is under the impression that smaller nations should buy from the US at the same level the US buys from them. No matter if the other nations are half or less their size and needs are smaller.
Business will not move back or to the US. Manufacturing can take 3 to 5 years to build the business. With trump's flip flop on tariffs creating an uncertainty if your into the second year of building, tariffs go away. The only thing trump has created with tariffs is the same thing he has created throughout government, chaos.Tump's simplistic notion is that tariffs on imports will lead to local US manufacture and create jobs. But the turn around to do that will take quite a bit of time. Economies flourish when there is confidence for investment but this present climate is evidently frightening investors as is reflected on share prices dropping on stock markets. In the meantime prices in the US will rise as so much product is imported which will have higher tariffs and be passed on to consumers, This will lead to a downturn in demand and more people will lose their jobs. For those who have ample funds I guess they can afford to wait for the turn around. For the many millions of Americans just getting by, many of them won't and they may run into a recession. All of this will impact economies globally and the danger is a worldwide recession if not depression.
So what's the end game? What does the chaos distract from?Business will not move back or to the US. Manufacturing can take 3 to 5 years to build the business. With trump's flip flop on tariffs creating an uncertainty if your into the second year of building, tariffs go away. The only thing trump has created with tariffs is the same thing he has created throughout government, chaos.
Indonesia has a policy with many tarrifs and flipflops, no chaos here.Business will not move back or to the US. Manufacturing can take 3 to 5 years to build the business. With trump's flip flop on tariffs creating an uncertainty if your into the second year of building, tariffs go away. The only thing trump has created with tariffs is the same thing he has created throughout government, chaos.
Indonesia imposes significant tarrifs on everybody and everyone, except maybe ASEAN. Now they will taste their own medicine. And if they want to sell their eggs they will have to go with 15% discount. That makes the FX now 16,700+IDR/USD-this is how it works, Trump imposes tarrifs and the opposite's country's currency depreciates to accomodate the tarrif.The dirty 15% tarrifs.
The nations that are going to be hit with new or additional tarrifs come April 2nd. Indonesia is on the list and here they were attempting to get a deal to supply eggs to the US. They won't be alone though. Other nations that have already agreed to send eggs are on the list too. Biggest tax increase in US history but he's still saying other nations will pay them. He just keeps that lie alive. He is under the impression that smaller nations should buy from the US at the same level the US buys from them. No matter if the other nations are half or less their size and needs are smaller.
Not so much. How expensive Indonesian eggs are compared to US and other foreign sources is a factor. Demand for exporters' currencies by importers to pay for imports affects exchange rates. Excluding tariffs, if the same value of goods is exported to the US then demand for the exporter's currency isn't really affected.Indonesia imposes significant tarrifs on everybody and everyone, except maybe ASEAN. Now they will taste their own medicine. And if they want to sell their eggs they will have to go with 15% discount. That makes the FX now 16,700+IDR/USD-this is how it works, Trump imposes tarrifs and the opposite's country's currency depreciates to accomodate the tarrif.
That's been on the cards since Indonesia joined BRICS. It was just a matter of time.The dirty 15% tarrifs.
The nations that are going to be hit with new or additional tarrifs come April 2nd. Indonesia is on the list
It's been in the cards for about every country.That's been on the cards since Indonesia joined BRICS. It was just a matter of time.
Which is still only half of what Indonesia taxes US goods....Trump announces 32% tariffs on Indonesia.
Popcorn time.
I recall that in postwar Australia there were varying tariffs on a whole host of goods and the Customs people had a bible of duties about 10" thick. Importing was incredibly complicated.The full list from Forbs,
- China: 34% (charges U.S. 67%)—though Treasury Secretary Scott Bessent said the 34% will be in addition to tariffs China already faces, bringing its tariff rate to 54%.
- European Union: 20% (charges U.S. 39%)
- Vietnam: 46% (charges U.S 90%)
- Taiwan: 32% (charges U.S. 64%)
- Japan: 24% (charges U.S. 46%)
- India: 26% (charges U.S. 52%)
- South Korea: 25% (charges U.S. 50%)
- Thailand: 36% (charges U.S. 72%)
- Switzerland: 31% (charges U.S. 61%)
- Indonesia: 32% (charges U.S. 64%)
- Malaysia: 24% (charges U.S. 47%)
- Cambodia: 49% (charges U.S. 97%)
- United Kingdom: 10% (charges U.S. 10%)
- South Africa: 30% (charges U.S. 60%)
- Brazil: 10% (charges U.S. 10%)
- Bangladesh: 37% (charges U.S. 74%)
- Singapore: 10% (charges U.S. 10%)
- Israel: 17% (charges U.S. 33%)
- Philippines: 17% (charges U.S. 34%)
- Chile: 10% (charges U.S. 10%)
- Australia: 10% (charges U.S. 10%)
- Pakistan: 29% (charges U.S. 58%)
- Turkey: 10% (charges U.S. 10%)
- Sri Lanka: 44% (charges U.S. 88%)
- Colombia: 10% (charges U.S. 10%)
- Peru: 10% (charges U.S. 10%)
- Nicaragua: 18% (charges U.S. 36%)
- Norway: 15% (charges U.S. 30%)
- Costa Rica: 10% (charges U.S. 17%)
- Jordan: 20% (charges U.S. 40%)
- Dominican Republic: 10% (charges U.S. 10%)
- United Arab Emirates: 10% (charges U.S. 10%)
- New Zealand: 10% (charges U.S. 20%)
- Argentina: 10% (charges U.S. 10%)
- Ecuador: 10% (charges U.S. 12%)
- Guatemala: 10% (charges U.S. 10%)
- Honduras: 10% (charges U.S. 10%)
- Madagascar: 47% (charges U.S. 93%)
- Myanmar (Burma): 44% (charges U.S. 88%)
- Tunisia: 28% (charges U.S. 55%)
- Kazakhstan: 27% (charges U.S. 54%)
- Serbia: 37% (charges U.S. 74%)
- Egypt: 10% (charges U.S. 10%)
- Saudi Arabia: 10% (charges U.S. 10%)
- El Salvador: 10% (charges U.S. 10%)
- Côte d’Ivoire: 21% (charges U.S. 41%)
- Laos: 48% (charges U.S. 95%)
- Botswana: 37% (charges U.S. 74%)
- Trinidad and Tobago: 10% (charges U.S. 12%)
- Morocco: 10% (charges U.S. 10%)
- Algeria: 30% (charges U.S. 59%)
- Oman: 10% (charges U.S. 10%)
- Uruguay: 10% (charges U.S. 10%)
- Bahamas: 10% (charges U.S. 10%)
- Lesotho: 50% (charges U.S. 99%)
- Ukraine: 10% (charges U.S. 10%)
- Bahrain: 10% (charges U.S. 10%)
- Qatar: 10% (charges U.S. 10%)
- Mauritius: 40% (charges U.S. 80%)
- Fiji: 32% (charges U.S. 63%)
- Iceland: 10% (charges U.S. 10%)
- Kenya: 10% (charges U.S. 10%)
- Liechtenstein: 37% (charges U.S. 73%)
- Guyana: 38% (charges U.S. 76%)
- Haiti: 10% (charges U.S. 10%)
- Bosnia and Herzegovina: 35% (charges U.S. 70%)
- Nigeria: 14% (charges U.S. 27%)
- Namibia: 21% (charges U.S. 42%)
- Brunei: 24% (charges U.S. 47%)
- Bolivia: 10% (charges U.S. 20%)
- Panama: 10% (charges U.S. 10%)
- Venezuela: 15% (charges U.S. 29%)
- North Macedonia: 33% (charges U.S. 65%)
- Ethiopia: 10% (charges U.S. 10%)
- Ghana: 10% (charges U.S. 17%)
- Moldova: 31% (charges U.S. 61%)
- Angola: 32% (charges U.S. 63%)
- Democratic Republic of the Congo: 11% (charges U.S. 22%)
- Jamaica: 10% (charges U.S. 10%)
- Mozambique: 16% (charges U.S. 31%)
- Paraguay: 10% (charges U.S. 10%)
- Zambia: 17% (charges U.S. 33%)
- Lebanon: 10% (charges U.S. 10%)
- Tanzania: 10% (charges U.S. 10%)
- Iraq: 39% (charges U.S. 78%)
- Georgia: 10% (charges U.S. 10%)
- Senegal: 10% (charges U.S. 10%)
- Azerbaijan: 10% (charges U.S. 10%)
- Cameroon: 11% (charges U.S. 22%)
- Uganda: 10% (charges U.S. 20%)
- Albania: 10% (charges U.S. 10%)
- Armenia: 10% (charges U.S. 10%)
- Nepal: 10% (charges U.S. 10%)
- Sint Maarten: 10% (charges U.S. 10%)
- Falkland Islands: 41% (charges U.S. 82%)
- Gabon: 10% (charges U.S. 10%)
- Kuwait: 10% (charges U.S. 10%)
- Togo: 10% (charges U.S. 10%)
- Suriname: 10% (charges U.S. 10%)
- Belize: 10% (charges U.S. 10%)
- Papua New Guinea: 10% (charges U.S. 15%)
- Malawi: 17% (charges U.S. 34%)
- Liberia: 10% (charges U.S. 10%)
- British Virgin Islands: 10% (charges U.S. 10%)
- Afghanistan: 10% (charges U.S. 49%)
- Zimbabwe: 18% (charges U.S. 35%)
- Benin: 10% (charges U.S. 10%)
- Barbados: 10% (charges U.S. 10%)
- Monaco: 10% (charges U.S. 10%)
- Syria: 41% (charges U.S. 81%)
- Uzbekistan: 10% (charges U.S. 10%)
- Republic of the Congo: 10% (charges U.S. 10%)
- Djibouti: 10% (charges U.S. 10%)
- French Polynesia: 10% (charges U.S. 10%)
- Cayman Islands: 10% (charges U.S. 10%)
- Kosovo: 10% (charges U.S. 10%)
- Curaçao: 10% (charges U.S. 10%)
- Vanuatu: 22% (charges U.S. 44%)
- Rwanda: 10% (charges U.S. 10%)
- Sierra Leone: 10% (charges U.S. 10%)
- Mongolia: 10% (charges U.S. 10%)
- San Marino: 10% (charges U.S. 10%)
- Antigua and Barbuda: 10% (charges U.S. 10%)
- Bermuda: 10% (charges U.S. 10%)
- Eswatini: 10% (charges U.S. 10%)
- Marshall Islands: 10% (charges U.S. 10%)
- Saint Pierre and Miquelon: 50% (charges U.S. 99%)
- Saint Kitts and Nevis: 10% (charges U.S. 10%)
- Turkmenistan: 10% (charges U.S. 10%)
- Grenada: 10% (charges U.S. 10%)
- Sudan: 10% (charges U.S. 10%)
- Turks and Caicos Islands: 10% (charges U.S. 10%)
- Aruba: 10% (charges U.S. 10%)
- Montenegro: 10% (charges U.S. 10%)
- Saint Helena: 10% (charges U.S. 15%)
- Kyrgyzstan: 10% (charges U.S. 10%)
- Yemen: 10% (charges U.S. 10%)
- Saint Vincent and the Grenadines: 10% (charges U.S. 10%)
- Niger: 10% (charges U.S. 10%)
- Saint Lucia: 10% (charges U.S. 10%)
- Nauru: 30% (charges U.S. 59%)
- Equatorial Guinea: 13% (charges U.S. 25%)
- Iran: 10% (charges U.S. 10%)
- Libya: 31% (charges U.S. 61%)
- Samoa: 10% (charges U.S. 10%)
- Guinea: 10% (charges U.S. 10%)
- Timor-Leste: 10% (charges U.S. 10%)
- Montserrat: 10% (charges U.S. 10%)
- Chad: 13% (charges U.S. 26%)
- Mali: 10% (charges U.S. 10%)
- Maldives: 10% (charges U.S. 10%)
- Tajikistan: 10% (charges U.S. 10%)
- Cabo Verde: 10% (charges U.S. 10%)
- Burundi: 10% (charges U.S. 10%)
- Guadeloupe: 10% (charges U.S. 10%)
- Bhutan: 10% (charges U.S. 10%)
- Martinique: 10% (charges U.S. 10%)
- Tonga: 10% (charges U.S. 10%)
- Mauritania: 10% (charges U.S. 10%)
- Dominica: 10% (charges U.S. 10%)
- Micronesia: 10% (charges U.S. 10%)
- Gambia: 10% (charges U.S. 10%)
- French Guiana: 10% (charges U.S. 10%)
- Christmas Island: 10% (charges U.S. 10%)
- Andorra: 10% (charges U.S. 10%)
- Central African Republic: 10% (charges U.S. 10%)
- Solomon Islands: 10% (charges U.S. 10%)
- Mayotte: 10% (charges U.S. 10%)
- Anguilla: 10% (charges U.S. 10%)
- Cocos (Keeling) Islands: 10% (charges U.S. 10%)
- Eritrea: 10% (charges U.S. 10%)
- Cook Islands: 10% (charges U.S. 10%)
- South Sudan: 10% (charges U.S. 10%)
- Comoros: 10% (charges U.S. 10%)
- Kiribati: 10% (charges U.S. 10%)
- São Tomé and Príncipe: 10% (charges U.S. 10%)
- Norfolk Island: 29% (charges U.S. 58%)
- Gibraltar: 10% (charges U.S. 10%)
- Tuyalu: 10% (charges U.S. 10%)
- British Indian Ocean Territory: 10% (charges U.S. 10%)
- Tokelau: 10% (charges U.S. 10%)
- Guinea-Bissau: 10% (charges U.S. 10%)
- Svalbard and Jan Mayen: 10% (charges U.S. 10%)
- Heard and McDonald Islands: 10% (charges U.S. 10%)
- Réunion: 37% (charges U.S. 73%