Donald Trump, US President #47, US President #45, convicted felon, twice impeached, four times indicted, liable of rape, convicted for financial fraud, guilty of hiding hush money payments to porn actress in attempt to influence 2016 elections

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Forums › Politics › Donald Trump, US President #47, US President #45, convicted felon, twice impeached, four times indicted, liable of rape, convicted for financial fraud, guilty of hiding hush money payments to porn actress in attempt to influence 2016 elections

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#3360058 3-Apr-2025 10:07

SaltyNZ:

So, latest update is 10% tariffs on Australia and New Zealand. They will also be banning imports of Australian beef.

Does this apply to intangibles like software and creative content?

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#3360059 3-Apr-2025 10:11

neb:

Does this apply to intangibles like software and creative content?

No real detail yet, just Trump's pretty charts.

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#3360060 3-Apr-2025 10:13

The Vietnam one (46%) is interesting. Vietnam is where most Chinese companies moved their manufacturing to in order to avoid the last round of tariffs against China.

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neb

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#3360061 3-Apr-2025 10:14

SaltyNZ:

No real detail yet, just Trump's pretty charts.

"Tariffs charged to the USA including currency manipulation and trade barriers" is a really awkward way to say "Figures we pulled out of our ass".

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#3360070 3-Apr-2025 10:32

The NY Times - New York Lawmakers Fight Trump With a Proposal Targeting Elon Musk

02 April 2025

For weeks, New York leaders have watched President Trump issue executive orders, slash federal funding and direct Elon Musk to shrink the government work force, while trying to determine how it all may affect the state.

Now some state lawmakers are trying to strike back.

Two Democratic legislators are introducing a bill on Wednesday aimed at Mr. Musk and the so-called Buffalo Billion project, in which the state spent $959 million to build and equip a plant that Mr. Musk’s company leases for $1 a year to operate a solar panel and auto component factory. ...

“It is the height of hypocrisy that Elon Musk, the man who is dismantling federal agencies and doing enormous damage on the basis of wildly unsubstantiated claims of waste, fraud and abuse, is the beneficiary of one of the biggest, shadiest subsidy deals of all time,” the two lawmakers, Senator Brad Hoylman-Sigal and Assemblyman Micah Lasher, said in a statement.

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kingdragonfly

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#3360105 3-Apr-2025 11:51

New Zealand imposes tariffs on certain imported goods, including some textiles, footwear, processed foods, machinery, steel, and plastic products, with rates of 5% or 10%. However, many goods enter New Zealand tariff-free.

Regarding imports from the United States, New Zealand does not have a specific free trade agreement with the U.S. Therefore, standard tariff rates apply to U.S. imports, which are generally 5% or 10% for certain goods, while many other products are duty-free.

Confusion as Donald Trump says NZ has a 20% tariff against the US: RNZ

US President Donald Trump's announcement of sweeping tariffs is not good news for New Zealand, but there is still a lot of detail to work through, commentators say.

Trump announced on Thursday he would instigate reciprocal tariffs on countries imposing duties on other countries - including responding to what he said was a 20 percent tariff on US goods from New Zealand.

The baseline is 10 percent, which will apply to New Zealand
...

Ge0rge

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#3360106 3-Apr-2025 11:58

We also impose a 15% tarrif on everything imported and sold in this country, which has also been mentioned by the US as well.

neb

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#3360109 3-Apr-2025 12:00

kingdragonfly:

Trump announced on Thursday he would instigate reciprocal tariffs on countries imposing duties on other countries

Right, but see my earlier post, they've just made up numbers for every country which allow them to claim to the voters that it's justified retaliation rather than a unilateral declaration of war. "Seit 5:45 Uhr wird jetzt zurückgeschossen".

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#3360111 3-Apr-2025 12:02

Who wins and who loses? Insight into Trump’s tariff reveal: Newsroom

The Trump administration levies a 10% overall tariff on New Zealand goods, claiming NZ tariffs and other measures put a 20% barrier on US imports

A worldwide base tariff of 10 percent against all countries, with unexpectedly high specific levies targeted at

China (34%)
EU (20%)
Japan (24%)
India (26%).

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#3360112 3-Apr-2025 12:05

Obviously AI-generated, but accurate:

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#3360119 3-Apr-2025 12:22

As pointed out by someone else on Mastodon, you already knew this wasn't thought through. But then there's this --

Population of Heard and McDonald Islands: 0.

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#3360129 3-Apr-2025 12:37

Ge0rge:
We also impose a 15% tarrif on everything imported and sold in this country, which has also been mentioned by the US as well.

Almost every country has sales taxes.

It used to be countries countries without sales taxes were oil-rich countries, relying on resource-based revenues (again usually oil) to fund government expenses. However United Arab Emirates introduced a 5% VAT in 2018, Saudi Arabia introduced a 15% VAT system in 2018. I believe Bahrain, Kuwait, Qatar, Oman also introduced VAT taxes.

The only real two expectations are in the world is Macau. It has no general sales tax, but depends on gambling.

And the other expectation is Hong Kong does not impose GST or VAT. Here only certain specific items, such as like liquor and tobacco, are subject to tax.

Among countries the US is the crazy uncle wearing a tri-corner hat. There is no federal sales tax; instead, each state sets its own sales tax rates. And take make things more complex, some US cities and counties add their own local sales tax on top of the state rate.

I'd hate to write tax software for the US.

neb

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#3360132 3-Apr-2025 12:49

kingdragonfly: I'd hate to write tax software for the US.

Friend of mine used to work for a multinational that did power usage billing, he said that the US was something like an order of magnitude more complex than any other country on earth [*]. They ran into big-iron hardware limits that even the manufacturers weren't aware of until it was pointed out to them. At one point they knew exactly what high-end computing hardware a large US government agency was buying because their own order for the same stuff was stalled behind the USG agency.

And that's pretty much everything in the US, not just tax and power. No wonder nearly 10% of the US population work in government jobs (federal, state, local), and yet it's still creaking at the seams.

Edited to add: [*] It may have been two orders of magnitude, it was a long time ago.

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#3360147 3-Apr-2025 13:49

A protester outside the White House on "Liberation Day"

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ezbee

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#3360149 3-Apr-2025 14:05

Its not just Trump, he has a whole cabinet etc that is part of this.
With such mental giants like Vance, RFK, and that Real Estate Guy.

As I remember GST originated with new economics out of USA that Roger Douglas was enthused about ? This was naturally a direction of the post Muldoon National ?

Its a sales tax on NZ companies selling in NZ and USA companies selling in NZ, anyone, so neutral.
No persecution of USA here.
Do various States of USA tariff us unfairly because of sales taxes?
Nope.

However it seems the 20% Tariff rate is based on trade deficit being equivalent of X % Tariffs.
How you calculate this, well maybe you just decide what number you want and work backwards.

It would be interesting to know if this incudes digital services, as Meta, Google, Apple Store, Microsoft, Netflix make a lot of sales in advertising and digital services.
Vs hard physical goods.

We do have US companies selling products here, but its their China production so ?

We could probably balance this out quickly buying fuel from USA.
Shipping that all the way across the Pacific is probably not practical.
Volumes per shipment too small, and with USA hitting shipping as well ?

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