Revisiting Tariffs on Imports from China
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Looks more like a move (one of many) to manage inflation than to be “soft” on China, similar to the consideration to resume importation of Venezuelan oil.
Besides, China is not being given any special deal that most other trading partners don’t get. Even if this goes through, at most it just brings the tariff on imports from China back to the levels before Trump started his “trade war” with China.
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There's an argument to be made that strategic decoupling from China is more important than taming inflation.
But no one has really spelled out a plan for how to do that (including Trump). Sure, Trump put the issue firmly on the agenda - but didn't really have a solve for it.
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There's an argument to be made that strategic decoupling from China is more important than taming inflation.
But no one has really spelled out a plan for how to do that (including Trump). Sure, Trump put the issue firmly on the agenda - but didn't really have a solve for it.
@xenon said in Revisiting Tariffs on Imports from China:
But no one has really spelled out a plan for how to do that (including Trump). Sure, Trump put the issue firmly on the agenda - but didn't really have a solve for it.
Forget about a “solve,” Trump didn’t even articulate the problem or the strategic intent coherently when he sprung the extra tariffs on imports from China.
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Biden and Trump share a faith in import tariffs, despite inflation risks
[Biden & Trump] say that tariffs on imported Chinese goods are needed to promote domestic manufacturing and to clap back at China’s zero-sum trade practices. While economists say that tariffs result in higher prices, both Biden and Trump insist that consumers will be unscathed.
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Biden’s tariffs on $18 billion in Chinese electric vehicles, batteries and computer chips, announced last month, are likely too small to lift the economy’s overall price level, economists said. But Trump’s plan for 60 percent tariffs on all $427 billion in goods that China ships to the United States each year would almost certainly reshape trade in ways that consumers would notice.
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As with several important things, Trump was right and Biden has changed his position.
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Dont think we have a "China Tariff Deserves Its Own Thread" so I will post this here.
Walmart puts pressure on suppliers to absorb the cost of US tariffs. Chinese government is mad.
"If Walmart insists" ... "then what awaits Walmart is not just talk," says China governmenthttps://news.cctv.com/2025/03/12/ARTIhEixOXf3hiVR127ojvxh250312.shtml
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Dont think we have a "China Tariff Deserves Its Own Thread" so I will post this here.
Walmart puts pressure on suppliers to absorb the cost of US tariffs. Chinese government is mad.
"If Walmart insists" ... "then what awaits Walmart is not just talk," says China governmenthttps://news.cctv.com/2025/03/12/ARTIhEixOXf3hiVR127ojvxh250312.shtml
Walmart puts pressure on suppliers to absorb the cost of US tariffs.
That is probably what Trumpigula and his minions were hoping US importers would ask (or try to coerce) from their offshore suppliers. I trust it won’t happen; in fact I would anticipate the suppliers’ prices ex factory to increase and leave the importer with the choice of take it or leave it. American consumers must bear the weight of Trump’s folly so long as the tariffs remain in place.
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A major supplier of toys to Walmart (WMT.N), opens new tab and Target (TGT.N), opens new tab is accelerating its shift out of China as it reshapes production amid President Donald Trump's intensifying trade war with the country.
California-based MGA Entertainment, which makes its Bratz and L.O.L. Surprise! dolls and other toys primarily in China, is taking steps to move 40% of its manufacturing to India, Vietnam and Indonesia within six or so months, up from around 10% to 15% currently, CEO Isaac Larian said in an interview.
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It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing. I like moving it to other low-labor-cost countries. I don't like generalized tariffs that would make it cost effective to manufacture the stuff in the US. Targeted tariffs against countries that we would like to rely on less are ok.
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It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing. I like moving it to other low-labor-cost countries. I don't like generalized tariffs that would make it cost effective to manufacture the stuff in the US. Targeted tariffs against countries that we would like to rely on less are ok.
@Horace said in Revisiting Tariffs on Imports from China:
It's of reasonable strategic importance for the US to not rely on china for so much of its manufacturing.
Agree.
I think in maybe 50 years or so, Africa will be the low cost world manufacturing "hub"
