The Tarriff Hype.

petros

The Central Scrutinizer
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White House. Good times…?
This might be why F150s arent flying off the shelves in Germany but German sells $80B worth of vehicles in the US.

The duty to import a car in Germany from overseas is 11% duty + VAT 19% of the value of the vehicle, plus local charges in at the port in Germany. You can import used cars to Germany, but brand new cars can be imported to Germany only by an authorized imported.

25% on a Beemer is still 5% less an F150
 

Ron in Regina

"Voice of the West" Party
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This might be why F150s arent flying off the shelves in Germany but German sells $80B worth of vehicles in the US.

The duty to import a car in Germany from overseas is 11% duty + VAT 19% of the value of the vehicle, plus local charges in at the port in Germany. You can import used cars to Germany, but brand new cars can be imported to Germany only by an authorized imported.

25% on a Beemer is still 5% less an F150
That & North American vehicles have a horrible reputation in Europe. If you’ve ever watched an episode of Top Gear, it’s not surprising why North American vehicles don’t tend to sell well in Europe.
1743619443922.jpeg
 

Ron in Regina

"Voice of the West" Party
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N American vehicles are just as reliable. It's taxes.

Oooo. Sweeping tariffs. Vacuums remain hors tax?
Top Gear, they don’t seem to lament about the taxes on North American vehicles, but more along the lines of they don’t fit on the roads, or corner, horrible warranties, fuel guzzling, poorly made, etc…but other than those & a few other issues, they’re awesome!! 😁
1743625097821.jpeg
 

Ron in Regina

"Voice of the West" Party
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No tariffs for you. As you were.
I hope so. It’s at that point in the day where I’m coming up for air, about to drive home and make some supper and figure out what happened in the world.

From what I understand so far and it’s mostly hearsay, Carney hasn’t done anything yet and he won’t announce his reciprocal goat rodeo bullshit until tomorrow…& then we see what’s what…?
 

petros

The Central Scrutinizer
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I hope so. It’s at that point in the day where I’m coming up for air, about to drive home and make some supper and figure out what happened in the world.

From what I understand so far and it’s mostly hearsay, Carney hasn’t done anything yet and he won’t announce his reciprocal goat rodeo bullshit until tomorrow…& then we see what’s what…?
No new tariffs for Canada. You're still hors tax.
 
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Ron in Regina

"Voice of the West" Party
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The US Senate passed a resolution Wednesday night that would thwart President Donald Trump’s ability to impose tariffs on Canada, delivering him a rare rebuke just hours after the president unveiled sweeping plans to clamp down on international trade??
The Senate resolution, passed by a 51-48 vote tally, would end Trump’s emergency declaration on fentanyl that underpins tariffs on Canada.

Trump earlier Wednesday announced orders — his so-called “Liberation Day” — to impose import taxes on a slew of international trading partners, though Canadian imports for now were spared from new taxes.

The Senate’s legislation ultimately has little chance of passing the Republican-controlled House and being signed by Trump (???), but it showed the limits of Republican support for Trump’s vision of remaking the U.S. economy by restricting free trade.

Jean Charest, the former Quebec premier who sits on the prime minister’s Canada-U.S. advisory council, said Canada got “different treatment” from Europe but it didn’t get “special treatment.” (???)

The White House kept existing 25 per cent tariffs on Canadian steel and aluminum, and will maintain tariffs — justified under Trump's alleged border emergency — against Canadian goods that aren't compliant with the existing North American trade deal that sets rules about limiting foreign content. Under that order, non-compliant goods were hit with 25 per cent import taxes and non-compliant energy and potash with 10 per cent tariffs.

He is encouraged Trump says he will act under legislation that must go to Congress, which Charest says gives Canada the chance to deploy its arguments with elected representatives and senators. “It’s good news for us because then we have a much broader audience with whom we can engage directly and on a local level on all the issues that we care about."

Still, Charest warned Canada has not escaped lightly, and more pain is to come with threatened tariffs on lumber, semiconductor chips and pharmaceuticals.

“It's fascinating to watch the reactions, you know ‘Hey, we got kicked in the ass on the aluminum and steel and cars, boy are we ever feeling good.’ We are literally suffering from a Stockholm syndrome” in the face of Trump who is creating chaos and uncertainty, he said. Yeehaw…

Carney, he predicted, will take his time to roll out a measured response. “We can't go dollar for dollar, and we're going to continue to say, and should continue to, say we'll keep everything on the table.”

But in the end, he said, Canada is in a “terrible” bind. “They hurt us and we're going to hurt ourselves to hurt them. It's a world of bad choices and making the choice that's least damaging is where we are.”
 

Ron in Regina

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Shit. I’m just swamped at this point..

With Carney and his reciprocal, reciprocal reciprocal, whatever tariffs back at the Americans today…. Anybody catch a date as to when those are supposed to start?
 

petros

The Central Scrutinizer
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Today, CBSA and the Brokers, they don’t know what the hell is going on yet either. Just got off the phone with a Canadian customs broker who is so very damn frustrated herself.

Canada is launching 25 per cent tariffs on all vehicles imported from the United States that are not compliant with CUSMA, Prime Minister Mark Carney announced Thursday. Vehicle parts are exempt.

It’s a countermeasure to a similar tariff U.S. President Donald Trump placed on Canada and the latest move in the two countries’ enduring trade war.

Which aren't compliant? Chinese coming thru Mexico?
 

petros

The Central Scrutinizer
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So what is Carney doing about canola and pork tariffs? Where is the fight against Xi? When are the tariffs on solar power going to be dropped making going green affordable again?

Canada has imposed tariffs on imported solar panels, particularly those from China, to support domestic manufacturing, with a 25% surtax on steel and aluminum products from China and potential surtaxes on critical manufacturing sector products, including solar panels.
 
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Ron in Regina

"Voice of the West" Party
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He's doing a tariffic job. Don't know why you're so tariffied.
This is interesting in the way it’s broken down. The Shapiro guy‘s gonna end up deported, & tariffed.😁
The chart didn’t carry the tariff rates other countries charge us. Instead, it listed false tariff rates created by taking our trade deficit with a country and calculating that number against that country’s imports from the United States.

For example, the actual South Korean average tariff rate on American goods is approximately 0.79%, based on the Korea-U.S. Free Trade Agreement. The chart, however, lists the South Korean tariff rate as 50%. That’s calculated by taking our trade deficit with South Korea ($66 billion) and dividing it by South Korean imports ($131.5 billion).

Trade deficits often result from imbalances in the wealth of the countries involved, not from unfair tariff regimes. The U.S. imports much more from South Korea than it exports to South Korea because our market is larger and richer. Yet South Korea is slapped with a 25% “reciprocal tariff,” while Brazil, which imposes a 5.8% average tariff rate on American goods but has a trade deficit with us, is hit with only a 10% tariff. This is economically nonsensical.
 

petros

The Central Scrutinizer
Nov 21, 2008
115,636
13,671
113
Low Earth Orbit
This is interesting in the way it’s broken down. The Shapiro guy‘s gonna end up deported, & tariffed.😁
The chart didn’t carry the tariff rates other countries charge us. Instead, it listed false tariff rates created by taking our trade deficit with a country and calculating that number against that country’s imports from the United States.

For example, the actual South Korean average tariff rate on American goods is approximately 0.79%, based on the Korea-U.S. Free Trade Agreement. The chart, however, lists the South Korean tariff rate as 50%. That’s calculated by taking our trade deficit with South Korea ($66 billion) and dividing it by South Korean imports ($131.5 billion).

Trade deficits often result from imbalances in the wealth of the countries involved, not from unfair tariff regimes. The U.S. imports much more from South Korea than it exports to South Korea because our market is larger and richer. Yet South Korea is slapped with a 25% “reciprocal tariff,” while Brazil, which imposes a 5.8% average tariff rate on American goods but has a trade deficit with us, is hit with only a 10% tariff. This is economically nonsensical.
The type of goods is ignored. S Korea pumps out a tonne of electronics but Brazil doesn't.