4 ms·

Edit: HN Mods quickly fixed the article, which makes this comment out of date. I really appreciate how quickly mods fix things on this site. Article is wrong,

Edit: HN Mods quickly fixed the article, which makes this comment out of date. I really appreciate how quickly mods fix things on this site. Article is wrong, Trump is not announcing $60B in tariffs, he's announcing tariffs on $60B of goods. Huge difference. I've seen multiple outlets make the same mistake. NYtimes got it right here https://www.nytimes.com/2018/03/22/us/politics/trump-will-hit-china-with-trade-measures-as-white-house-exempts-allies-from-tariffs.html https://www.nytimes.com/2018/03/22/us/politics/trump-will-hi...

notheguyouthink 9y ago
Does this affect the doom and gloom comments made here? I know nothing of economics, hence the question.
- tristanj 9y ago
  The size of the tariff changes. No concrete numbers have been announced, but the tariff may be in the range of ~10-40%. That would mean the actual tariff value is several times smaller than the reported $60B value.
- fspeech 9y ago
  We will have to wait for the details. Will they really tax Nike shoes, HP/Dell computers or Apple phones? As for what Lighthizer allegedly cares about - "electric vehicles, high-tech shipping and aerospace technology", I am not aware that this country buys in any significant quantity from China so not sure how they can be targeted with tariffs. In NYT's exact words: ... Those industries include electric vehicles, high-tech shipping and aerospace technology. Mr. Lighthizer called them “the ones I care about” for tariff purposes.
- IAmEveryone 9y ago
  The numbers involved wouldn’t make any significant difference either way. The fear is retribution, counter-retribution, and the breakdown of the free market consensus of the last 70 years.
sctb 9y ago
Thanks, we've updated the link from https://techcrunch.com/2018/03/22/trump-announces-tariff/ https://techcrunch.com/2018/03/22/trump-announces-tariff/ to this.

notheguyouthink 9y ago

Does this affect the doom and gloom comments made here? I know nothing of economics, hence the question.

tristanj 9y ago
The size of the tariff changes. No concrete numbers have been announced, but the tariff may be in the range of ~10-40%. That would mean the actual tariff value is several times smaller than the reported $60B value.
fspeech 9y ago
We will have to wait for the details. Will they really tax Nike shoes, HP/Dell computers or Apple phones? As for what Lighthizer allegedly cares about - "electric vehicles, high-tech shipping and aerospace technology", I am not aware that this country buys in any significant quantity from China so not sure how they can be targeted with tariffs. In NYT's exact words: ... Those industries include electric vehicles, high-tech shipping and aerospace technology. Mr. Lighthizer called them “the ones I care about” for tariff purposes.
IAmEveryone 9y ago
The numbers involved wouldn’t make any significant difference either way. The fear is retribution, counter-retribution, and the breakdown of the free market consensus of the last 70 years.

sctb 9y ago

Thanks, we've updated the link from https://techcrunch.com/2018/03/22/trump-announces-tariff/ https://techcrunch.com/2018/03/22/trump-announces-tariff/ to this.