US - Tariffs

[winston]

On the corporate side, companies have been planning to respond to the tariffs in five different ways, or a combination of the following approaches.

1) Reshoring or boosting U.S. production activity ==> Johnson & Johnson's recent $55B investment

2) Pushing suppliers to reduce prices ==> Walmart with Chinese manufacturers

3) Raising prices to preserve profit margins ==> Target's warning for shoppers

4) Absorbing the tariffs with lower margins ==> Latest guidance from Nike and FedEx

5) Lobbying for certain exemptions to limit their impact ==> Pursued by U.S. automakers

Source: Seeking Alpha

[behappyalways]

The White House told CNBC’s Eamon Javers on Wednesday that the new reciprocal rate on China will be added to existing tariffs totaling 20%, meaning the true tariff rate on Beijing under this Trump term is 54%.


See Trump’s list: More than 180 countries and territories facing reciprocal tariffs
https://www.cnbc.com/2025/04/02/trump-r ... tates.html

[winston]

Tariff broadside unlikely to be as liberating as Trump hopes it will be

The problem is US wages are high - US$17 (HK$132)per hour for a factory worker, compared to US$3 in Mexico and even less in Vietnam.

In 2018, bike maker Harley-Davidson was forced to shift some production out of America to avoid EU tariffs.

Stagflation last haunted America in the 1970s. Then, the oil crisis was the main culprit.

However, tariffs were linked to the Great Depression. In 1930, the Smoot-Hawley Tariff Act significantly increased import duties on a wide range of goods with an intent to protect US businesses and farmers. It sparked retaliatory tariffs and weakened trade, ultimately worsening the Great Depression.

Source: The Standard

https://www.thestandard.com.hk/section- ... it-will-be

[winston]

Trump tariffs may lead to new trade order that impacts China

by Andrew Wong

Trump's tariff policy has global implications, leading some analysts to believe that China could leverage this situation to form alliances with affected countries and develop a new global trade order, thereby isolating America.

It is important to note that while Trump's reciprocal tariffs affect the world, it seems to have prompted many countries to reconsider negotiating with the United States to establish new trade accords.

If successful, the impact on China could be significant.

Source: The Standard

https://www.thestandard.com.hk/section- ... acts-China

[behappyalways]

Bangladesh is subject to a heavy tax of 37%.
Taiwanese businessmen: Factories are all "at a loss".
US brands request to suspend shipments.
Taiwanese businessmen in Bangladesh: Factories are all "at a loss".

三立獨家│孟加拉遭課37%重稅 台商:工廠全"不知所措" 美品牌要求暫停出貨 孟加拉台商:工廠全"不知所措"│記者 蔡宇智 張舒涵│新聞一把抓20250407│三立新聞台

https://m.youtube.com/watch?v=o3tYlAXmu ... 4JAYcqIYzv

[behappyalways]

Trump's Tariffs Could Be A Boost To Middle East's Struggling Economies
https://www.zerohedge.com/economics/tru ... -economies


Asia's Economic Massacre: Southeast Asia: Vietnam unexpectedly faces the economic Vietnam War again
亞洲經濟大屠殺 東南亞篇 越南意外再面對經濟越戰 #TVBS文茜的世界周報 20250405
https://m.youtube.com/watch?v=UBVGFOMR-IM

[behappyalways]

Trump: "China also wants to make a deal, badly, but they don’t know how to get it started. We are waiting for their call."
https://x.com/zerohedge/status/1909594557743833514

[behappyalways]

Trump puts 90-day pause on higher tariffs, but hikes China rates
https://www.theedgesingapore.com/news/g ... hina-rates


Amazon Cancels Orders, Walmart Pulls Forecast As Tariffs Take Hold
https://www.zerohedge.com/markets/amazo ... -take-hold


Good morning. The United States now has the highest tariff rates in the world.
https://x.com/JustinWolfers/status/1909924756930916630

[behappyalways]

US Treasury Secretary Bessent: This was Trump’s intention all along.
https://x.com/Mayhem4Markets/status/1910027841946923363

[behappyalways]

Counterattack from China! No bottom line!
25.04.07【觀點│正經龍鳳配】Pt.2 來自中國的反擊！沒有底線！
https://m.youtube.com/watch?v=fa7zD0AHNjo


Brazil, Egypt and Singapore among potential winners from tariff onslaught
https://www.reuters.com/world/brazil-eg ... 025-04-08/


Folks, a 10% broad tariff on everything plus 125% on China, is a **25pp increase in the effective tariff rate**, even accounting for USMCA exemptions.
That's almost exactly where 2025 tariff policy was this morning. It was just less concentrated on China & more weighted overseas
https://x.com/ernietedeschi/status/1910029358628032906