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@FindlayMacD

not  american  but you guys at present seem to be getting well and truly sc****d

If those tariffs go into force  wont a lower usd and inflation cause even more problems in 12mths?

If anyone hasn't noticed the Dow Jones, Nasdaq , S&P and Bitcoin has hit new highs.

@FindlayMacDev
not american but you guys at present seem to be getting well and truly sc****d
If those tariffs go into force wont a lower usd and inflation cause even more problems in 12mths?er - @Agg Coolabah

Actually, Americans have been getting screwed in trade, especially with EU, since 1945. Whatever it takes to make trade fair is fine with me. Thank you president Trump. I don't see USD going lower in the long run and it is only slightly lower now, about -2%. How can anybody argue against reciprocal trade? I like reciprocal everything including non-tariff barriers, right to buy land,  regulations and even visas and immigration requirements.

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And Australia Dan? A free trade agreement in place for donkeys years, Oz purchases double from the US than the US buys from Oz.

OMO but many countries will be sourcing alternative markets and the products that make it to the US with these stupid tariffs? The US punters will be paying the higher prices.

Rip tear bust is stupidity and the unfolding ramifications will come home to roost.

I care little and while I am not an economist I'm not stupid.

Unlike the seperate tariffs imposed on 2 islands inhabited by penguins imposed by the current US administration, those 2 islands are part of the 8,000 odd islands that fall under Australian sovereignty, I don't think the penguins sell anything but simply shows the rip tear bust that has become the normal operations across the board currently happening.

OMO.

Cheers, Steve.

It's called an opinion Bob like it or lump it the fact is that these days the world is turning their back on the US and the tripe espoused by your heroic leader that seems to change every other hour with no rhyme nor reason,,,,,, a child running your country? A petulant and vindictive child at that.

If the US is so great and the leader of the world why the "F" does it need little countries like Australia to supply aluminium and steel? If the US is so wonderful as many think, go and dig your own Bauxite and iron ore, rare earth deposits etc. etc. The US relies on imports from many countries as does Australia.

These stupid tariffs might raise revenue for treasury paid for by the citizens that voted for the current administration while delusional about B/S tax cuts that will give the average worker a backward step, for the wealthy? Even wealthier.

Just seems a very backward slide and probably not what most voters want,,,,,,, 2 dolls instead of 30,,,,,,, sounds like a dictatorship evolving.

Findlay mentioned he will be gone soon, I wonder, time will tell.

Yes Bob OMO.

Cheers, Steve.

bigpearl said . . . . It's called an opinion Bob like it or lump it the fact is that these days the world is turning their back on the US and the tripe espoused by your heroic leader that seems to change every other hour with no rhyme nor reason,,,,,, a child running your country? A petulant and vindictive child at that.

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Yes it called opinion but facts override opinions and your opinions are mostly incorrect and driven by argumentative emotions.

Fact the world is not turning it's back on the US.  As the US goes so does Australia.

Hello everyone,

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½ûÂþÌìÌà team

And Australia Dan? A free trade agreement in place for donkeys years, Oz purchases double from the US than the US buys from Oz.
OMO but many countries will be sourcing alternative markets and the products that make it to the US with these stupid tariffs? The US punters will be paying the higher prices.
Rip tear bust is stupidity and the unfolding ramifications will come home to roost.
I care little and while I am not an economist I'm not stupid.

Unlike the seperate tariffs imposed on 2 islands inhabited by penguins imposed by the current US administration, those 2 islands are part of the 8,000 odd islands that fall under Australian sovereignty, I don't think the penguins sell anything but simply shows the rip tear bust that has become the normal operations across the board currently happening.

OMO.

Cheers, Steve. - @bigpearl

Well putting aside that funny little penguin strawman, here we are talking about relatively insignificant amounts of trade on both directions. However I suppose oir bilateral trade slightly exceeds the trade activity with penguins, slightly. Rather than the hundreds of billions with EU, with Australia we are talking 50 billion in  25 billion out, just enough to help keep the activity above the noise. Not really worth talking about Steve. I have never been to Australia. Do you have a lot of American cars there? What does Australia have to export that really could affect their balance of trade? Oil? Steel? Consumer electronics? Cars? Or just perhaps a few expensive dairy products and beef? And Fosters of course, a favorite of mine. When we talk about reciprocation we are not talking Australia which would have very little effect in the grand scheme of things.

@danfinn

you do realize you are paying the tariffs not the other country, its a tax on the american people

Yes Dan the cute little Penguins and an obviously well researched stuff up, bit like the well researched tariffs that are up and down like a seesaw, off now, on now but doubled. 2 weeks, 90 days, not very well thought out.

Matters little as it will be the average US punter paying extra taxes, 2 dolls not 30 etc.

Australia does just fine economically for a large country with only 26.5 million people with a GDP of around 1.8 trillion US dollars.

Some US cars come into the country but not so many. Oz lost all its car and truck manufacturing years ago because we couldn't compete with other O/S markets. Ford, GM, Chrysler, even Toyota all shut up shop, we moved on, diversified.

Yes Beef/Dairy but mostly resources, wool was big once also, agriculture and the usual things. Oz does just fine.

Yes Dan Oz is small fry in the scheme of things so why slap tariffs on the things the US needs? Particularly steel and aluminium @ 50%. You buy it because you can't produce enough and the current administrations dream of building iPhones and supplying all the needed resources to "Make America Great Again" will take years to build efficient factories, smelters, infrastructure to carry off the dream. in the mean time we live in a global world that yes is competitive and supply but to throw tariffs and sanctions on your allies willie nilly come with no thought.

Bit like the US trying to dictate to Australia how much to spend on defence, non NATO members, our government is already spending hundreds of billions of dollars buying nuclear powered submarines, where are they coming from?

Enough of a prattle Dan and sorry to bore you and readers.

Cheers, Steve. 

@danfinn
you do realize you are paying the tariffs not the other country, its a tax on the american people - @Agg Coolabah

Maybe this crap doesn't affect Dan directly but yes it seems many can't see the trees for the forest especially given the BBB going through the senate and house at the moment favouring the very wealthy and a poke in the bum for the average punter, the sore point will be when all the prices rise in supermarkets and department stores etc.

Matters diddly squat to the wealthy but the average US citizen will feel it big time sadly.

OMO.

Cheers, Steve.

bigpearl said . . .Maybe this crap doesn't affect Dan directly but yes it seems many can't see the trees for the forest especially given the BBB going through the senate and house at the moment favouring the very wealthy and a poke in the bum for the average punter, the sore point will be when all the prices rise in supermarkets and department stores etc.Matters diddly squat to the wealthy but the average US citizen will feel it big time sadly.

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Instead of making unsubstantiated statements, please explain how this will happen in your own words please.

Now would you like Cheese with your Whine?

There is only one thing I use here in the US that comes from Australia, loin of lamb. I get it from Costco. So in exchange for loin of lamb, US exports nuclear subs to Oz?

LOL Bob, a JD please with no cheese. Your shout.

Opinion Bob and an astute observation. When GST (goods and services tax) was introduced in Australia @ 10% 25 years ago guess who paid? The average punter that could least afford it while myself running a couple of businesses could claim back that GST, but as an average citizen buying retail wore the GST,,,,,,, any different to VAT and SIN taxes here in PH?

Collectively these tariffs no matter country or rate if imported to the US will be ultimately paid for by the consumer........ in the US. The country sending those products doesn't cop it in the end consumer does with increased prices and many will be cost prohibitive thus empty shelves and the supplier finding alternative markets while the US sits on its hands thinking they can set up smart phone factories next week.

OMO.

Cheers, Steve.

bigpearl . . . . What does this have to do with the Big Beautiful Bill? You said it favors the wealthy and a kick in the rear of the average person. Also you said the supermarket prices will rise big time. Your post #12.

I ask you again, how will the BBB raise prices?

One thing you have in common with another poster who likes China, when you're called out, you often change the subject in your reply.

@danfinn
you do realize you are paying the tariffs not the other country, its a tax on the american people - @Agg Coolabah

Obviously, however the importer will sometimes absorb it, giving the consumer a break in the short term. Over both the long and short term, demand is reduced with higher prices paid by either the importer or consumer with the intended effect to reduce demand. Reduced demand means fewer purchases which should cause the exporter to pressure his government. You can call this a tax; you can call any extra expenditure a tax I suppose, even on chinese cheap crap that we don't reslly need. Whatever you call it, I will be happy if it ultimately results in a more fair trade environment.

@bigpearl

Yes Dan the cute little Penguins and an obviously well researched stuff up, bit like the well researched tariffs that are up and down like a seesaw, off now, on now but doubled. 2 weeks, 90 days, not very well thought out.

You cover many different issues with your comments and this reply only deals with one. Perhaps if you really think about the nature of negotiations, especially with international trade, there are a huge number of variables that keep changing and new variables are discovered. A successful negotiator would be a fool to make one inflexible, unchanging policy or determination in the event of such changes. In fact one would expect said negotiator to be flexible to change in real time, which is what we see happening here.

@ Enzyte Bob.

You changed the narrative by offering cheese with my little whine,,,,,, still waiting for my JD.

Don't put me in the same basket as that dude from Indonesia.

Take off your MAGA cap for a while and look at reality, this BBB will affect some 10/12 million people on Medicaid, health care will come out of their pockets the poor will suffer, open your eyes to the ramifications and the US is now half way down the rabbit burrow. I said this last November and was scorned then, as said we will see and time reveals all. Not looking good though.

OMO.

Cheers, Steve.

@danfinn

I am more than well aware how negotiations work and don't work, been doing it all my life as have most here but to force the hands of fair trade agreements smacks of dictatorship and one simply needs to look at what is happening and the changes being forced on US citizens, the demands on law courts, flagrant disregard to the US constitution that I always deemed as sacrosanct seems to be twisted and churned for one fools wants.

As said time will reveal all and perhaps China will never defeat the US as it seems it is defeating itself.

As always OMO.

Cheers, Steve.

Oh and don't worry about the flack you will get over Alligator Alcatraz, Australia received the same when we stopped illegal immigrants before they even got to our borders 30 odd years ago,,,,,,, the US gave us heaps of sh1t calling us inhumane etc.

99.9% of immigration into Australia these days is accomplished legally and the .1% that do land probably die in the vast never never up north.

The existing legals in Australia were dealt with compassionately and either deported or allowed into the country depending on their individual situation,,,,,,,, not rounded up, chucked on planes and dumped into the wrong country,,,,, again rip tear bust from a dictatorial admin?

OMO.

Cheers, Steve.

I believe that when one works a job, one gets paid. Certainly, there are people who will need Medicaid. I am ok with that. What I am hoping this bill will do, in the context of Medicaid, is motivate people who are capable of working to work. No work, no benefits. They should criminalize laziness LOL. There are plenty of people who are mooching the system.

@bigpearl

...but to force the hands of fair trade agreements smacks of dictatorship...

Wow.

Anybody who forces trade partners to begin trading fairly is a dictator. So, for China, EU and Canada to insist on UNfair trade practices is democracy in action, but, Trump is a dictator for doing the opposite.

You say only your opinion.

I do hope that particular opinion is contained to as small a community of opinionated people as possible.

I don't worry about China being a serious threat to the USA. I used to work in a Chinese company and I know them very well; with the US they are in a game of competition (which they are losing) but never military confrontation. We are both like family with a long history since they opened up under Nixon. Yes, China is a threat to Australia in many ways. The Philippines is probably OK with its US mutual defense treaty. Australia is exposed. China could march right in and easily displace your tiny population.

bigpearl said . . . . Take off your MAGA cap for a while and look at reality, this BBB will affect some 10/12 million people on Medicaid, health care will come out of their pockets the poor will suffer, open your eyes to the ramifications and the US is now half way down the rabbit burrow. I said this last November and was scorned then, as said we will see and time reveals all. Not looking good though.

You slurped this up without getting the facts.

President Bill Clinton required able bodied men & others welfare recipients to look for jobs as a condition of  receiving welfare.

This was bipartisan legislation that reformed the Clinton welfare system.

(Bipartisan: Democrats & Republicans)

When Clinton took office there was 13.6  million on welfare, in several years it dropped to 7.3 million. As people left the welfare system there was a notable increase in employment.

So now the Trump haters are complaining because Trump is doing this.

Just think, millions of able bodied people are slurping up JD and now they have to "look"  for a job.

Dan says:
I don't worry about China being a serious threat to the USA. I used to work in a Chinese company and I know them very well.. Yes, China is a threat to Australia in many ways. The Philippines is probably OK with its US mutual defense treaty. Australia is exposed. China could march right in and easily displace your tiny population. - @danfinn

Yes, Chinese forces could readiy over-run Australia in a matter of weeks.

And for years I've been suggesting that if China wants Australian territory, no worries, we and our Aboriginies should offer China thousand year lease-holds.

China leased Hong Hong to England for a 100 years. If China needs land (?) why not offer China a 1,000 klm x 100 klm northen coastline leasehold for 1k years?

If China wants it .. we offer China a long leasehold .. problem solved no worries

If China wants more than Tiawan, and we can all play nicely, who need AUKUS?

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