3 ms·

There is no such thing as a tariff on exports. Tariffs are specifically an import tax intended to increase domestic demand for domestically produced goods by sh

by mcmcmc 1y ago

There is no such thing as a tariff on exports. Tariffs are specifically an import tax intended to increase domestic demand for domestically produced goods by shifting it away from imported goods

blktiger 1y ago
I think he meant export taxes or export duties.
mrandish 1y ago
> There is no such thing as a tariff on exports. That's correct, or at least it was until this week. Did you happen to see the recent announcement where NVidia and AMD are now apparently required to pay 15% of the revenue from GPUs exported to China to the U.S. government? This is apparently GPUs which were, prior to this new 15% payment, "too harmful to our national security" to export to China. Frankly, I only saw the headlines and haven't looked into it myself yet - mostly because it makes my head hurt trying to even tally the laws, policies and trade agreements doing this would probably violate. So, I'm admittedly unclear on the details but it sure sounds like an "export tariff".
- singleshot_ 1y ago
  My limited understanding is that this is going to be an offset against the applicable import tariff, not an export tariff.
  - Tostino 1y ago
    So, a roundabout way to do the same thing that he's prohibited from doing by the Constitution? Yeah, that sounds totally legit.
    - jacquesm 1y ago
      The new legal is where you just do what you want and if you get away with it (by hook or by crook) then it was legal.
      - singleshot_ 1y ago
        That was the old legal, too. Source: lawyer who understands the core element of law is enforceability, but who is not himself a criminal due to quality upbringing
- mcmcmc 1y ago
  It’s just an export tax. The reason they are trying to call it anything but that is because the constitution specifically prohibits it
  - insane_dreamer 1y ago
    or we could describe it by its actual term, extortion. step 1) tell businesses they can no longer export X product because of "national security concerns"; 2) tell businesses the "national security concerns" can be dropped if they pay 15% of sales. in other words, threaten to put up barriers than agree to take them down for a "fee"; it's exactly what the mafia does
graeme 1y ago
Not correct actually. Checked dictionary, tariff applies to an import or an export. It just isn't commonly done to apply an export tariff.
csomar 1y ago
Tariff is just a different name for "tax". You can tax imports, and you can also tax exports. You can also tax anything that moves, or doesn't.
insane_dreamer 1y ago
> There is no such thing as a tariff on exports Tell that to Nvidia and AMD

by mcmcmc 1y ago

There is no such thing as a tariff on exports. Tariffs are specifically an import tax intended to increase domestic demand for domestically produced goods by shifting it away from imported goods

blktiger 1y ago

I think he meant export taxes or export duties.

mrandish 1y ago

> There is no such thing as a tariff on exports. That's correct, or at least it was until this week. Did you happen to see the recent announcement where NVidia and AMD are now apparently required to pay 15% of the revenue from GPUs exported to China to the U.S. government? This is apparently GPUs which were, prior to this new 15% payment, "too harmful to our national security" to export to China. Frankly, I only saw the headlines and haven't looked into it myself yet - mostly because it makes my head hurt trying to even tally the laws, policies and trade agreements doing this would probably violate. So, I'm admittedly unclear on the details but it sure sounds like an "export tariff".

singleshot_ 1y ago
My limited understanding is that this is going to be an offset against the applicable import tariff, not an export tariff.
- Tostino 1y ago
  So, a roundabout way to do the same thing that he's prohibited from doing by the Constitution? Yeah, that sounds totally legit.
  - jacquesm 1y ago
    The new legal is where you just do what you want and if you get away with it (by hook or by crook) then it was legal.
    - singleshot_ 1y ago
      That was the old legal, too. Source: lawyer who understands the core element of law is enforceability, but who is not himself a criminal due to quality upbringing
mcmcmc 1y ago
It’s just an export tax. The reason they are trying to call it anything but that is because the constitution specifically prohibits it
- insane_dreamer 1y ago
  or we could describe it by its actual term, extortion. step 1) tell businesses they can no longer export X product because of "national security concerns"; 2) tell businesses the "national security concerns" can be dropped if they pay 15% of sales. in other words, threaten to put up barriers than agree to take them down for a "fee"; it's exactly what the mafia does

graeme 1y ago

Not correct actually. Checked dictionary, tariff applies to an import or an export. It just isn't commonly done to apply an export tariff.

csomar 1y ago

Tariff is just a different name for "tax". You can tax imports, and you can also tax exports. You can also tax anything that moves, or doesn't.

insane_dreamer 1y ago

> There is no such thing as a tariff on exports Tell that to Nvidia and AMD