3 ms·

global tariffs via ieepa or similar legislation - base flat tariffs against all imports from all countries - I think those will go. Biden kept some targeted ta

global tariffs via ieepa or similar legislation - base flat tariffs against all imports from all countries - I think those will go. Biden kept some targeted tariffs, but didn't massive expand or do country-based tariffs.

ericmay 2mo ago
I can see changes but I'm not sure about flat tariffs going away completely. One of the reasons for those is because what China will do to avoid American tariffs is to basically try and set up shop in a 3rd country, or just do some legal configuration to make the products they are dumping seem to come from the 3rd country instead. Kind of like a "final assembly" style loophole. I agree Biden largely just kept the Trump regime in place, especially with respect to China, but I also think he was dealing with the COVID-19 pandemic and so something like broad tariffs given the economic and political environment probably weren't really considered. Personally I feel like it's a win-win for me. Either we re-shore more manufacturing, stop China from dumping, &c. which result in higher prices but have other benefits that I value, or we don't and prices go down and wages and such go down which means cheaper goods and services which is also nice.
- mgkimsal 2mo ago
  been a few days but... I'm not actually seeing a whole lot of 'reshore manufacturing'... at best, it's uneven, but price increases across the board (even before iran/oil shock) have been quite prevalent. Without this being formalized, we're left with monthly changes based on one lunatic's emotional state. There will be no big long term reshoring of efforts because the requirements will constantly change. Yes, lunatic, nut, unstable, whatever. I went there (very edgy, I understand). The person inflicting all this chaos does not have the country's best interests at heart. To whatever extent his own power and money grabs have some positive spillover to the country... it's an unintentional by-product. We're just left with 'higher prices' and 'continually increasing prices' as far as I can see, without concurrent higher wages and increasing jobs (or even flat jobs numbers). I'm seeing very little positive outcomes here for anyone except the already-elite rich folks.

ericmay 2mo ago

I can see changes but I'm not sure about flat tariffs going away completely. One of the reasons for those is because what China will do to avoid American tariffs is to basically try and set up shop in a 3rd country, or just do some legal configuration to make the products they are dumping seem to come from the 3rd country instead. Kind of like a "final assembly" style loophole. I agree Biden largely just kept the Trump regime in place, especially with respect to China, but I also think he was dealing with the COVID-19 pandemic and so something like broad tariffs given the economic and political environment probably weren't really considered. Personally I feel like it's a win-win for me. Either we re-shore more manufacturing, stop China from dumping, &c. which result in higher prices but have other benefits that I value, or we don't and prices go down and wages and such go down which means cheaper goods and services which is also nice.

mgkimsal 2mo ago
been a few days but... I'm not actually seeing a whole lot of 'reshore manufacturing'... at best, it's uneven, but price increases across the board (even before iran/oil shock) have been quite prevalent. Without this being formalized, we're left with monthly changes based on one lunatic's emotional state. There will be no big long term reshoring of efforts because the requirements will constantly change. Yes, lunatic, nut, unstable, whatever. I went there (very edgy, I understand). The person inflicting all this chaos does not have the country's best interests at heart. To whatever extent his own power and money grabs have some positive spillover to the country... it's an unintentional by-product. We're just left with 'higher prices' and 'continually increasing prices' as far as I can see, without concurrent higher wages and increasing jobs (or even flat jobs numbers). I'm seeing very little positive outcomes here for anyone except the already-elite rich folks.