Holy ****…34% tariffs on imports from China

[BlueHeeler]

So, exactly how much penguin poop is Trump importing into the US from the Heard and McDonald Islands?

That 10% tariff only applies to products imported into the US. Penguin poop going to China is not tariffed by the US. The tariffs apply to the ginseng products imported into the US from China.

The world-wide application of US tariffs affects things like for instance, electronics that were once produced cheaply in China. US imposed tariffs on them. So China moved production facilities to Korea, as US imports from there weren't tariffed as heavily. So, now the US applies heavier tariffs on Korea as well.



Um, practically everyone?

Everyone on your street perhaps, I can understand the hate for President Trump, but he's no idiot.
Lets get this thread back on track please before it gets canned.

 

[Zbip57]

Even if the price goes up significantly, I would still buy a DJI simply because I like their capabilities , consistency on quality and operation, it would still be cheaper than any American Made UAS System available to the consumer, if there's any left.

That's what the Trump strategy is relying on. The "billions, and billions, and billions" to Make America Great Again will be coming out of your pocket.

If there's no domestic production to replace those imported foreign goods (drones, bananas, coffee), then a 25% tariff means for every $100 of bananas that you import, you the importer will now be paying an additional $25 import tax directly into your government's coffers.

For every $1000 you send to China to buy a new drone, you will need to pay an additional $250 tax to Trump in order to import your drone into the USA (assuming 25% tariff).

It is a new tax imposed on you.

 

[Meta4]

So, exactly how much penguin poop is Trump importing into the US from the Heard and McDonald Islands?

None, nil, nix, nada, zip.
There is no guano extraction happening on Heard & Macdonald Islands.
That must have been a late April Fools joke for people gullible enough to believe that some plant in China can only grow with the application of penguin guano or a number of other glaring problems with the fake story..

Here's the actual explanation.

Revealed: Norfolk Island and uninhabited Australian territories hit with Trump’s tariffs based on mislabelled shipments

Exclusive: Aquarium systems, Timberland boots and recycling plant parts were mislabelled as coming from remote Norfolk Island or Heard and McDonald islands

www.theguardian.com

 

[MS Coast]

Now for the REAL Story

The Heard Island and McDonald Island are the Australian islands located near Antarctica. While the world laughs at Trump for imposing a tariff on islands whose only inhabitants are penguins. But here's the truth of the matter:

Panax notoginseng, commonly referred to as Chinese ginseng is grown only in China and can only be fertilized with poop from the Adélie penguin. This species of penguin widely populates McDonald Island. The Chinese harvest over 5,000 kilograms every year from McDonald Island thus allowing them to be the sole exporter of of Panax notoginseng.

Bottom line, no penguin poop = no Chinese ginseng.

Who said trump is an idiot??

That's the most laughable attempt at justifying an absurd action I've ever seen. April 1 was three days ago.

 

[Zbip57]

I can understand the hate for President Trump, but he's no idiot.

Everyone's entitled to an opinion. You only need to listen to any of his speeches or any time he addresses the press to form your own opinion about that. But, certainly, there must still be a few people working behind the scenes who are not idiots and who hopefully have an actual plan to steer this mess into a productive outcome.

 

[Zbip57]

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[Gazwas]

I'll welcome all the tariffs President Trump imposes. Enough of getting taken advantage of as a country. We can make our own goods.

Back to drones, you did see this right......

 

[mavic3usa]

Even if the price goes up significantly, I would still buy a DJI simply because I like their capabilities , consistency on quality and operation, it would still be cheaper than any American Made UAS System available to the consumer, if there's any left.

So will I buy DJI but that will eventually reach a point where it's no longer feasible. For example, the Mavic 4 appears to be a much better drone than the Mavic 3 but eventually DJI is going to have to have the Mavic 5 or 6 or 7 at a even more expensive price but not that much of a tech difference; that's where the costs are going when people claim the manufacturer is "absorbing" it. Apparently these tariffs will force drones to be made in America and the US government will give them a help hand(out) of taxpayers money; we'll see. The US consumer drone industry will look like the defense department industry. This isn't even close to a free market and this isn't capitalism and I firmly believe the government should stay out of it, get out of the way.

 

[msinger]

Nobody in Canada wants these any of these tariffs. The tariffs applied by Trump directly hurt YOU. Americans pay those Trump import tariffs to your American treasury. It is a surcharge tax paid by YOU.

Canada imposes tariffs of up to 250% on dairy products imported from the US once certain import quotas are exceeded. Why not take a similar approach to the US, which has allowed high levels of dairy imports for years in order to keep US consumer prices low?

I'm by no means a tariff expert, but this does suggest there must be some benefits to having tariffs in place.

 

[Zbip57]

Canada imposes tariffs of up to 250% on dairy products imported from the US once certain import quotas are exceeded.

While that 250% figure is actually true, that tariff rate only applies after a certain quota is exceeded. However, that quota has never been reached.

So, despite what Trump keeps saying, there have been ZERO tariffs charged on the US dairy products imported into Canada.

Here is a very good explanation of how it actually works.

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[msinger]

While that 250% figure is actually true, that tariff rate only applies after a certain quota is exceeded. However, that quota has never been reached.

So, despite what Trump keeps saying, there have been ZERO tariffs charged on the US dairy products imported into Canada.

I apologize if it seemed like I was asking a political question. That wasn't my intention, and it has nothing to do with Trump.

I'm genuinely curious. Why is Canada concerned if that quota is exceeded? Wouldn't it make sense to allow as much dairy to be imported as possible so Canadians can access products at lower prices?

 

[MS Coast]

Total nonsense. You are brainwashed by libtard media. As I said before, look into what I mentioned and you will figure it out instead of reiterating media fabrications.

Why Canada keeps missing its NATO spending target — and why Conservatives aren't promising to meet it

Prime Minister Justin Trudeau has pushed back against suggestions that Canada is a “free-rider” in the NATO alliance.

nationalpost.com

This has been a very civil discussion. Leave the childish slurs out of it, please.

 

[Dronecation]

Exactly.

That's the bit that bugs me the most. You constantly see people like this guy, crying "fake news", "lamestream media", and "Stop being brainwashed by Gov't funded media. LMAO!" But when questioned, they can't provide or point to any actual facts to support their position.


Over and over, Trump keeps stating that Canada or China or whoever else will make America rich because those countries have to pay his tariffs. That's not how tariffs work. It's the American importer who pays Trump's import surcharge to the American government. And the importer ultimately passes that increased cost on to American consumers. Trump's import tariffs are a new surcharge tax imposed directly on Americans.

It's not rocket science. Fact-checking isn't difficult. Anyone with access to Google, or any other preferred search engine, can search for things like, "Who pays for tariffs?"

And still, when you try to tell people that simple fact, they'll respond with such convincing arguments like, "Total hogwash".

I'm open to debate, and always eager to learn new stuff. If I'm wrong in anything I've said, I'll happily admit it and be thankful when someone corrects my errors, then hopefully I can avoid looking stupid in future. Telling me I'm, "being brainwashed by Gov't funded media" just doesn't cut it as a convincing argument.

Funny how two weeks into the Canadian general election, Carney has promised more funding for the CBC...

LILLEY: It's true, CBC is government funded and fully left leaning

A big political fight over CBC being called government funded has errupted in Ottawa, here is what is really behind it all.

torontosun.com

https://www.cbc.ca/news/politics/mark-carney-cbc-funding-1.7501902

 

[msinger]

Trump keeps repeating his bogus claims

I understand your interest in political figures, but I’d like to clarify that my question wasn’t intended to be political. Let’s keep the discussion focused and avoid turning it into a political debate, as that could lead to the thread being closed due to forum policy.

Bottom line, Canada produces more than enough dairy products of our own and we're just not interested in buying milk from the USA. Our dairy supply management system ensures a consistent quantity and price level of dairy products. Even if a slightly less expensive supply might be sourced from the USA, our supply management system ensures that our dairy farmers can rely on a consistent guaranteed income for the products they supply.

Yes, of course, this all makes perfect sense, and it's clearly a strategy that can only benefit Canada.

That said, when it comes to significant trade imbalances, like in the case of dairy products between the US and Canada, why do you believe tariffs are imposed solely to harm the US? You seem completely fine with Canada implementing tariffs if the imbalance ever shifts against Canadian interests.

So, is the idea that what's good for Canada isn't acceptable when it's the US doing the same?

 

[Cafguy]

All I know is that if the price of the Mavics starts going up as projected there will be a point that purchasing a consumer model over an enterprise one will become a "dumb" thing to do. I think we are getting close.

 

[Chip]

Bottom line, Canada produces more than enough dairy products of our own and we're just not interested in buying milk from the USA. Our dairy supply management system ensures a consistent quantity and price level of dairy products. Even if a slightly less expensive supply might be sourced from the USA, our supply management system ensures that our dairy farmers can rely on a consistent guaranteed income for the products they supply.

It sounds like you are okay with Canada putting tariffs on US dairy because you have dairy already and you would rather pay higher dairy price to support the Canadian farmer anyway. Is that about right?

 

[Zbip57]

That said, when it comes to significant trade imbalances, like in the case of dairy products between the US and Canada [...]

I'm certainly no expert on the dairy trade, but I question where you got the idea that Canada is somehow unfairly profiting from a trade imbalance, "like in the case of dairy products".

I'm searching Google using terms like,

• "Value of U.S. dairy product exports to Canada", and
• "Value of Canadian dairy product exports to USA".

Your US Dept of Agriculture shows only up to 2021, when ~$700million of US dairy products were exported to Canada.
www.ers.usda.gov/data-products/charts-of-note/chart-detail?chartId=103549

Here's a page comparing Canadian dairy imports versus exports. Check the charts on the right side of this page.
In 2022 Canada imported $715,612,378 in dairy products from the USA.
In 2022 Canada exported $242,068,613 in dairy products to the USA.
www.progressivepublish.com/downloads/2023/general/2022-ca-stats-highres.pdf

We buy almost three times as much dairy product from the USA, than you do from Canada. According to those numbers, the USA enjoyed a $473.5 million dollar dairy trade surplus in 2022.

Can you find any more recent figures?

The trade imbalance in the case of dairy products is entirely in the USA's favour. Zero Canadian tariffs are currently applied against US dairy imports into Canada? How is Canada supposed to be ripping you guys off? If anything, it's entirely the other way around.

Fact-checking. It's important.

 

[msinger]

I'm certainly no expert on the dairy trade, but I question where you got the idea that Canada is somehow unfairly profiting from a trade imbalance, "like in the case of dairy products".

I realize my question might have been a bit unclear, so let me try to rephrase it.

If that Canadian tariff wasn't currently in place and dairy imports from the US rose to a level that would have triggered the tariff, what would that mean for Canadians? Would Canadian farmers potentially see reduced profits? Could it lead to job losses in the dairy industry? Would it make Canada more dependent on US dairy products?

I guess my bigger question is why does this Canadian tariff exist in the first place? You've mentioned that tariffs only hurt the country that imposes them, so is the Canadian government knowingly doing something that harms its own people?

To me, it seems this tariff is primarily intended to protect Canada. If that’s the case, I’m not sure we can assume that all US tariffs inherently harm the US or were deliberately enacted by its own government to do so.

 

[Zbip57]

In 2022 Canada imported $715,612,378 in dairy products from the USA.
In 2022 Canada exported $242,068,613 in dairy products to the USA.
www.progressivepublish.com/downloads/2023/general/2022-ca-stats-highres.pdf

Just for jollies, let's apply Trump's bizarre formula used to calculate his recently announced tariff rates.

Using his same formula, how much tariff should Canada be applying to dairy imports from the U.S.?

This was explained earlier in the video in post #50. Just scratch out "U.S." and replace with "Canada" in this formula.


In 2022, the U.S. exported $715.6B in dairy products to Canada, and imported only $242.0B from Canada. [edit: Ack, those numbers are only millions, not billions! But it doesn't alter the percentages.]

Using Trump's own formula, that means...

(715.6 - 242.0) / 242.0
= 473.6 / 242.0
= 195.7%

But then Trump divides that number in half, because he's being "kind". So, using Trump's own logic[?!?], Canada should be applying a tariff of:
195.7 / 2 = 97.85%

For simplicity, we'd just round that up to an even 100% tariff on all US dairy products imported into Canada.

Except, we don't!

Despite our published tariff rates on dairy imports, Canada has collected ZERO tariffs because the dairy product imports have never reached the quota limits above which those tariffs would apply.

{Edit: Those dairy import/exports are in millions of dollars, not billions!]

 

[msinger]

Just for jollies, let's apply Trump's bizarre formula used to calculate his recently announced tariff rates.

Using his same formula, how much tariff should Canada be applying to dairy imports from the U.S.?

Oh, so now we're back to talking about Trump again?

Could you please answer my question above without bringing up Trump?