Trump to put a 10% tariffs on video game/game hardware

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Avatar image for jun_aka_pekto
#101 Posted by jun_aka_pekto (25234 posts) -
@eliminatorpaige said:

Time to move to Canada.

I'm still waiting for those who said they'd move to Canada if Trump won the election and they probably have more money than any of us here.

Avatar image for Pedro
#102 Posted by Pedro (34010 posts) -

Its foolish to think that adding a tariff would move manufacturing back to the US. All this is going to do for the average American is increase their cost of living.

Avatar image for SecretPolice
#103 Posted by SecretPolice (35108 posts) -

@Pedro:

Also dropping the corporate tax rate down from 35% to 15% - 20% as well. That's going to make a Yuuuuuge difference.... Bank baby. :P

Avatar image for Gatygun
#104 Posted by Gatygun (1431 posts) -

@dynamitecop said:
@DJ-Lafleur said:

Because trying to get over a Trump World wasn't hard enough as is, I can't even escape to video games without his BS...

Don't blame him, blame our shitty infrastructure which makes it all too easy to **** over everyone who lives here while also reaping money from them.

American company producing American products in a non-American country and then selling said products back to American's, if you don't see a problem with that then maybe you should just outsource yourself from this country.

Pretty much this, there is nothing wrong with putting a tax on it like this. It should have been done already way before.

Time for those company's to shift there industry back to america again or pay the price.

Avatar image for pyro1245
#105 Posted by pyro1245 (4926 posts) -

@PurpleMan5000 said:
@pyro1245 said:

Sucks that we can't actually make any of this stuff in the US.

Pretty soon, it will suck that we can't just get cheap stuff from China.

Yep. American's will complain that prices are too high or they will complain about being an insignificant number at a giant manufacturing plant.

Truth is there's no way we could make all this stuff since we just don't have the infrastructure for it. It costs so much to set up these kinds of factories that we'll just be stuck paying the higher import taxes; whether it's assembled here or outside of the country.

So we will still have no menial factory worker jobs, and we'll have higher prices.

Avatar image for imperator7
#106 Posted by Imperator7 (78 posts) -

@Gatygun: You mean for Americans to pay the price right? Tariffs ultimately affect the consumers

Avatar image for Gatygun
#109 Edited by Gatygun (1431 posts) -
@Jag85 said:
@jet052006 said:

@Jag85:

America is too large of a consumer to really go up against, it would take alot of countries coming together to equal America's buying power in most markets, China alone would loose way more than America trying to start a tarrif war.

When looking at gaming sales America alone makes up around 40% of global sales.

The difference is that America is dependent on China, not the other way around. If American companies stop manufacturing in China, there are still many other companies from across the world that will continue to manufacture in China. In such a scenario, it's America that gets screwed over, since they can no longer rely on cheap Chinese manufacturing, which will lead to American products becoming far too expensive to compete on the worldwide market. America needs China, not the other way around.

The largest gaming market in the world is China, which accounts for about 25% of gaming revenues, ahead of America, which accounts for about 23% of gaming revenues. If Trump goes through with his crazy tariff plans, America's share of the woldwide gaming market will decrease, which will lead to China and other countries increasing their share of the worldwide gaming market.

How is america gonna get screwed over? when americans buy the products? what does it matter if europe or any other continent / country gets for prices on there products.

Are people in norway screwed they have to pay 400+ euro's for a switch?. Is that going to matter for america right now? no.

China makes heavy bank with getting money from american company's or even European company's. That make things for super cheap in china, and sell it for expensive prices into america or europe.

What does this do? it gives china work, work = money and money is progress everywhere in china. What does this mean for european company's or american company's they shift all away from there country's towards china to get it for peanuts in america while all the labor gets removed and not pay up for it.

That 10% tax should be directly pushed into money for people that have no jobs to provide for themselves with a income because of a direct result of oursourcing it.

Wanna produce your stuff without tax? make it in our country or just reduce the expensive parts for cheaper ones and sell it for the same price.

In my opinion that tax can even go as high as 80%. 10% is absolute a joke still ( probably a test phase and will be upped in the future ) Production and sales have to be placed in the same country as where they are sold.

If you read this, you will now understand how china is completely dependend on the west. They have zero input on things. Because the moment the west starts to shift production back there country's. China will have zero buying power left and move straight back to the stone age again.

China has no pressence until they start to buy massive amounts of stuff from the west. Which atm they don't.

Avatar image for stereointegrity
#110 Edited by stereointegrity (12145 posts) -

@Xabiss: can't listen to a guy on taxes when he doesn't pay his

Avatar image for PurpleMan5000
#111 Posted by PurpleMan5000 (9730 posts) -

@Gatygun said:

How is america gonna get screwed over? when americans buy the products? what does it matter if europe or any other continent / country gets for prices on there products.

Are people in norway screwed they have to pay 400+ euro's for a switch?. Is that going to matter for america right now? no.

China makes heavy bank with getting money from american company's or even European company's. That make things for super cheap in china, and sell it for expensive prices into america or europe.

What does this do? it gives china work, work = money and money is progress everywhere in china. What does this mean for european company's or american company's they shift all away from there country's towards china to get it for peanuts in america while all the labor gets removed and not pay up for it.

That 10% tax should be directly pushed into money for people that have no jobs to provide for themselves with a income because of a direct result of oursourcing it.

Wanna produce your stuff without tax? make it in our country or just gtfo.

In my opinion that tax can even go as high as 80%. 10% is absolute a joke still. Production and sales have to be placed in the same country as where they are sold.

If you read this, you will now understand how china is completely dependend on the west. They have zero input on things. Because the moment the west starts to shift production back there country's. China will have zero buying power left and move straight back to the stone age again.

China has no pressence until they start to buy massive amounts of stuff from the west. Which atm they don't.

Maybe the people who don't have jobs should stop being lazy and go find one. Jobs are everywhere.

Avatar image for Ghost120x
#112 Posted by Ghost120x (5366 posts) -

This increase seems marginal at best. I don't know how effective it will be in doing whatever it is he wants. All it does is hurt U.S consumers.

Avatar image for Gatygun
#113 Edited by Gatygun (1431 posts) -

@imperator7 said:

@Gatygun: You mean for Americans to pay the price right? Tariffs ultimately affect the consumers

No.

The prices will stay the same eventually even if company's try to push the price further first.

The reason for this is, if your company's market contains selling 299 products. and you would tax it for 30% out of nowhere. Company's will now have to sell it for 399 to make the same profit. But once they put the product out there for 399, people won't be buying it anymore because it's out of there spending zone.

So the company will get screwed, not the consumer. as the consumer is never forced to buy anything.

In order for the company to stay in it's own 299 market, he will have to reduce its spec in the box or reduce costs of production. They can either move there company to america or the country they are selling it in. or they absorb the tax if they can't and pay indirectly the goverment for expenses they have to push to support there own population.

This is done in brazil for example.

Volkswagen was recently expanding in brazil, but a car gets 80% tax on it. So a 20.000 euro car will be 36.000 if they are builded in germany or any other country and shipped over. It's therefore way more interesting for them to build a company there and cut there costs by 80%. Which gives the country also direclty work and progress. There wealth stays in the same country.

If you have a product that only costs 10 bucks, and you can't really produce it there. Because numbers won't add up or your product is to small, then you will just have to absorb it straight up and make it a 18 product. Or reduce your product quality ( lesser expensive parts in the switch for example ) and still go for the same price and not let you get kicked out of your own market, as somebody else will come in and take it over with a 10 buck price.

A good example on how america works right now is like this.

1) Volkswagen builds cars and ships them to america.

2) Volkswagen realizes shipping is expensive so builds a plant in america to straight up produce and sell them there

3) Volkswagen closes factory ( what happened lately with loads of company's over the last few decades ) and moves it just over the to a connected country that is super cheap on labor and produces it there to sell the car in america.

Everybody that had jobs gets fired in america, just to maximize profits.

Well fak your profits, go pay us 80% tax now, so we can actually feed those people you fired. Or we will have to raise taxes for everybody to get money to pay those people to survive, which effects everybody. As money has to come from somewhere.

This also indirectly makes it possible to lower taxes for company's, which makes it easier for them to breath, as there is no longer a huge amount of cash nessesary to support the non working people.

Avatar image for PurpleMan5000
#114 Edited by PurpleMan5000 (9730 posts) -

@Gatygun said:
@imperator7 said:

@Gatygun: You mean for Americans to pay the price right? Tariffs ultimately affect the consumers

No.

The prices will stay the same eventually even if company's try to push the price further first.

The reason for this is, if your company's market contains selling 299 products. and you would tax it for 30% out of nowhere. Company's will now have to sell it for 399 to make the same profit. But once they put the product out there for 399, people won't be buying it anymore because it's out of there spending zone.

So the company will get screwed, not the consumer. as the consumer is never forced to buy anything.

In order for the company to stay in it's own 299 market, he will have to reduce its spec in the box or reduce costs of production. They can either move there company to america or the country they are selling it in. or they absorb the tax if they can't and pay indirectly the goverment for expenses they have to push to support there own population.

This is done in brazil for example.

Volkswagen was recently expanding in brazil, but a car gets 80% tax on it. So a 20.000 euro car will be 36.000 if they are builded in germany or any other country and shipped over. It's therefore way more interesting for them to build a company there and cut there costs by 80%. Which gives the country also direclty work and progress. There wealth stays in the same country.

If you have a product that only costs 10 bucks, and you can't really produce it there. Because numbers won't add up or your product is to small, then you will just have to absorb it straight up and make it a 18 product. Or reduce your product quality ( lesser expensive parts in the switch for example ) and still go for the same price.

So I end up paying $299 for a lower spec product? And how am I not getting screwed again?

Avatar image for Shewgenja
#115 Edited by Shewgenja (21209 posts) -

@SecretPolice said:

@Pedro:

Also dropping the corporate tax rate down from 35% to 15% - 20% as well. That's going to make a Yuuuuuge difference.... Bank baby. :P

And as (most of us) have learned from the 80's and 90's that translates to jack squat for the rest of us except bubbles and inflation.

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#116 Posted by DragonfireXZ95 (25199 posts) -

@Jag85 said:
@mazuiface said:
@X_CAPCOM_X said:

Another example of how economic nationalism is a cancerous reaction to a dying system. A global economy has given everyone in here the opportunity to enjoy the latest tech, whether it be PC parts, consoles, software, smartphones etc. Anyone defending this is clueless to how much globalized production has benefited their beloved gaming setups, and will only be supporting a decision that attempts to turn back the clock to a time when the material basis for these advancements wasn't available.

Precisely.

The very reason why we have computer technology is because of global production. Anyone who thinks that a general dissolution of organized production around the world can foster advancing technology is living in complete fantasy.

They live in a delusional fantasy where they think America can compete with China as the world's manufacturing powerhouse. A big reason why China is the world's manufacturing powerhouse is because Chinese workers are paid much less. There is no way American workers would work for as little as Chinese workers do. So there's no way America could compete with China in manufacturing.

Trump wants to punish American companies who rely on Chinese factories, thinking these tariffs would force American companies to bring factories back to America, which is stupid. If American companies manufactured their goods in America, then their goods will increase by a far higher price than whatever tariffs he wants to impose. His 10-40% tariffs may increase the prices of American goods manufactured in China by 10-40%, but if those American goods were manufactured in America, the prices could double or triple. Most American companies would still end up manufacturing in China, regardless of whatever tariffs he imposes, since the alternative he wants would be much worse for them.

Also, China has said that, if Trump goes through with his crazy tariffs, they would retaliate by slapping tariffs on American products. And it won't be just China either, but other countries could also follow suit. This would lead to the decline of American exports, and American companies losing out overseas. Trump's ridiculous trade war with China isn't a battle he can win, and will only end up wrecking America.

You're implying America isn't rekt already. :P Lol

Avatar image for Random_Matt
#119 Edited by Random_Matt (3955 posts) -

@Gatygun said:
@Jag85 said:
@jet052006 said:

@Jag85:

America is too large of a consumer to really go up against, it would take alot of countries coming together to equal America's buying power in most markets, China alone would loose way more than America trying to start a tarrif war.

When looking at gaming sales America alone makes up around 40% of global sales.

The difference is that America is dependent on China, not the other way around. If American companies stop manufacturing in China, there are still many other companies from across the world that will continue to manufacture in China. In such a scenario, it's America that gets screwed over, since they can no longer rely on cheap Chinese manufacturing, which will lead to American products becoming far too expensive to compete on the worldwide market. America needs China, not the other way around.

The largest gaming market in the world is China, which accounts for about 25% of gaming revenues, ahead of America, which accounts for about 23% of gaming revenues. If Trump goes through with his crazy tariff plans, America's share of the woldwide gaming market will decrease, which will lead to China and other countries increasing their share of the worldwide gaming market.

How is america gonna get screwed over? when americans buy the products? what does it matter if europe or any other continent / country gets for prices on there products.

Are people in norway screwed they have to pay 400+ euro's for a switch?. Is that going to matter for america right now? no.

China makes heavy bank with getting money from american company's or even European company's. That make things for super cheap in china, and sell it for expensive prices into america or europe.

What does this do? it gives china work, work = money and money is progress everywhere in china. What does this mean for european company's or american company's they shift all away from there country's towards china to get it for peanuts in america while all the labor gets removed and not pay up for it.

That 10% tax should be directly pushed into money for people that have no jobs to provide for themselves with a income because of a direct result of oursourcing it.

Wanna produce your stuff without tax? make it in our country or just reduce the expensive parts for cheaper ones and sell it for the same price.

In my opinion that tax can even go as high as 80%. 10% is absolute a joke still ( probably a test phase and will be upped in the future ) Production and sales have to be placed in the same country as where they are sold.

If you read this, you will now understand how china is completely dependend on the west. They have zero input on things. Because the moment the west starts to shift production back there country's. China will have zero buying power left and move straight back to the stone age again.

China has no pressence until they start to buy massive amounts of stuff from the west. Which atm they don't.

Norway have a massive wage, bad example. 3rd highest country in the world for standard of living.

Avatar image for imperator7
#120 Posted by Imperator7 (78 posts) -

@Gatygun:

Scorpio downgrade incoming?

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#121 Posted by ni6htmare01 (3759 posts) -

That will be suck!

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#122 Posted by onesiphorus (2829 posts) -

If the tariffs are imposed, I can see console makers deciding to move hardware production to the U.S. which means more manufacturing and better-paying jobs for Americans.

Imagine a Switch or a Project Scorpio made in the U.S.

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#123 Posted by nintendoboy16 (36080 posts) -

@firedguy33 said:
@crashnburn281 said:

China manipulates currency at a whim. You do not see them as nationalistic? The consoles have to be made there to even be sold. More extreme than a tariff.

What about Japan? Their culture is very nationalistic. They buy Japanese period. Xbox never had a chance. It might not be go ernment driven, but almost their entire population is like that.

Suddenly it's bad when America starts to become nationalistic?

People are only against it because Trump's the one behind it. Hilary supporters are funny

Because we all know Trump critics are all Hillary supporters. No such thing as a Stein, Johnson, or McMullin supporter apparently. Or a neutral who just can't see eye to eye with him...

Avatar image for PurpleMan5000
#124 Edited by PurpleMan5000 (9730 posts) -

@onesiphorus said:

If the tariffs are imposed, I can see console makers deciding to move hardware production to the U.S. which means more manufacturing and better-paying jobs for Americans.

Imagine a Switch or a Project Scorpio made in the U.S.

That would cost more than the tariff.

Avatar image for jcrame10
#125 Posted by jcrame10 (5029 posts) -

@eliminatorpaige: what?

Avatar image for imperator7
#126 Posted by Imperator7 (78 posts) -

I still think some people are not understanding why manufacturing jobs left in the first place, and the fact Trumps misguided tariff policies wont work. Pulling this from somewhere else:

"The problem is that Trump and his followers are too focused on manufacturing jobs (which clearly is no longer a comparative advantage of more developed economies like Canada and the US), instead of focusing on creating more higher value added jobs in nascent industries (clean tech and alternative energy), but that would require a higher level of training and education on the part of the affected US and Canadian workers, and hence the issue. Trump's protectionist tendencies are simply bad populist policies that will come back to hurt the competitiveness of the US economy in the end."

Avatar image for GarGx1
#127 Posted by GarGx1 (10928 posts) -

Add "Trump is going to" at the start of any news article on the internet and everyone automatically believes it.

Avatar image for deactivated-5acbb9993d0bd
#128 Posted by deactivated-5acbb9993d0bd (12449 posts) -

@onesiphorus said:

If the tariffs are imposed, I can see console makers deciding to move hardware production to the U.S. which means more manufacturing and better-paying jobs for Americans.

Imagine a Switch or a Project Scorpio made in the U.S.

*Looks at Sig and Avatar and reads first sentence* ... cmon now, believing this stuff is crazy... as someone else mentioned earlier in this thread, this whole idea of focusing purely on ones own production and expecting lots more jobs is very short sighted.

So the bottom-line appears to be that assembly could be done in the U.S. if consumers were willing to pay an additional $30-40, rising to around an additional $100 if as many components as practical were manufactured here – but the impact on the job market isn’t likely to be significant.

https://9to5mac.com/2016/06/13/iphone-made-in-usa-cost/

£50-100 more for the same item... and not a great deal of job increase... not great for the average person.

Same as this bloody Mexican Wall idea, all those billions, on a wall that needs 50k staff to cover... and still likely won't curb any real problems, because the real problems lie inward.

Avatar image for imperator7
#129 Posted by Imperator7 (78 posts) -

@GarGx1 said:

Add "Trump is going to" at the start of any news article on the internet and everyone automatically believes it.

Believes that Trump said it or that believes he will follow through with what he promised on the campaign?

Avatar image for GarGx1
#130 Posted by GarGx1 (10928 posts) -

@imperator7 said:
@GarGx1 said:

Add "Trump is going to" at the start of any news article on the internet and everyone automatically believes it.

Believes that Trump said it or that believes he will follow through with what he promised on the campaign?

"Trump says" will become a meme

Avatar image for GunSmith1_basic
#131 Posted by GunSmith1_basic (10548 posts) -

That's not going to be popular. People like their slave labour dollar savings.

Avatar image for Solaryellow
#132 Posted by Solaryellow (4811 posts) -

@Ghost120x said:

This increase seems marginal at best. I don't know how effective it will be in doing whatever it is he wants. All it does is hurt U.S consumers.

The consumers who will be hurt are those who will change their comfort zone by agreeing to pay more. Those who play the waiting game and refusing to increase their window of price will not feel a thing. In terms of video games, people hold the cards over the manufacturers because this is a hobby and something we want rather than need. People need the fortitude to control and utilize the leverage they hold.

Avatar image for Shewgenja
#134 Edited by Shewgenja (21209 posts) -

Anyone else find the humor in a President running on promises to invest in infrastructure AND an import policy that will radically affect the price of concrete and various other basic building materials?

No?

Avatar image for tenaka2
#135 Posted by tenaka2 (17169 posts) -

Trump is a joke of a president and america is a joke for electing him.

Avatar image for ronvalencia
#136 Edited by ronvalencia (27455 posts) -

@MBirdy88 said:
@onesiphorus said:

If the tariffs are imposed, I can see console makers deciding to move hardware production to the U.S. which means more manufacturing and better-paying jobs for Americans.

Imagine a Switch or a Project Scorpio made in the U.S.

*Looks at Sig and Avatar and reads first sentence* ... cmon now, believing this stuff is crazy... as someone else mentioned earlier in this thread, this whole idea of focusing purely on ones own production and expecting lots more jobs is very short sighted.

So the bottom-line appears to be that assembly could be done in the U.S. if consumers were willing to pay an additional $30-40, rising to around an additional $100 if as many components as practical were manufactured here – but the impact on the job market isn’t likely to be significant.

https://9to5mac.com/2016/06/13/iphone-made-in-usa-cost/

£50-100 more for the same item... and not a great deal of job increase... not great for the average person.

Same as this bloody Mexican Wall idea, all those billions, on a wall that needs 50k staff to cover... and still likely won't curb any real problems, because the real problems lie inward.

Wall's funding is already set aside along time ago and ex-Senator HRC has voted for it.

http://thefederalistpapers.org/us/boom-gop-congressman-makes-huge-statement-about-trumps-wall

Gohmert told Doocy that billions of dollars have already been appropriated in Congress to build the wall throughout the years. As Doocy pointed out, that meant that Trump could potentially get going on the wall on “day one.”

Avatar image for ronvalencia
#137 Edited by ronvalencia (27455 posts) -

@PurpleMan5000 said:
@onesiphorus said:

If the tariffs are imposed, I can see console makers deciding to move hardware production to the U.S. which means more manufacturing and better-paying jobs for Americans.

Imagine a Switch or a Project Scorpio made in the U.S.

That would cost more than the tariff.

The main point about AMD's fused CPU and GPU in an APU package is to lower labor assembly factor i.e. it's mostly automated assembly. With AMD APU, there's no manual labor for inserting GPU card into a slot. XBO is completely surface mounted chips on PCB which is fully automated assembly.

China has a lower corporate tax than USA. Automated assembly factory located in USA is better than non-USA location.

Avatar image for Chutebox
#138 Posted by Chutebox (44493 posts) -

I'm sure there will be exceptions as there are companies that didn't start here and move out for cost benefits. Like, I doubt Honda, Subaru etc will be taxed more. We'll see.

Avatar image for ronvalencia
#139 Edited by ronvalencia (27455 posts) -

@Desmonic

For AMD Polaris 10 and 11 GPUs, they are manufactured in Global Foundries' New York 14 nm FinFET plant.

Chip packaging and testing are mostly automated and it's more on lower corporate tax structures in these foreign countries.

Another factor are rare earth materials that makes up Polaris 11/10 support caps/transistors and China has a trade protection with the usage of Chinese rare earth i.e. must setup a factory in China and must partner with local Chinese partner requirements. US/EU has to break China's rare earth dominance. China's steel dumping was the tactics used for rare earth and both US/EU has recognised China's dumping tactics.

Saudi Arabia lead OPEC attempted to use dumping tactics to push out US shale oil producers.

China has created business conditions that has trade protection outcomes that goes around the WTO normal trade rules.

Chinese are smarter for finding loop holes in the WTO rules..

Avatar image for ronvalencia
#140 Posted by ronvalencia (27455 posts) -

@Gatygun:

Toyota has factories in USA and they are cost competitive with other Toyota factories in non-USA locations.

Toyota USA has their in-house unions that are NOT associated with the United Automobile Workers union. Toyota USA's employees has rejected UAW's attempted union takeover.

Avatar image for ronvalencia
#141 Edited by ronvalencia (27455 posts) -

@Shewgenja said:

@ronvalencia: What Do a Tesla (Motors), (intel) Xeon and (Apple) Mac Pro Have In Common?

Raising prices due to supply chains that extend beyond the US?

For lower cost Model 3, Tesla is building the world's largest battery factory in USA and it's located near a lithium mine.

Besides China's steel dumping which is blocked by US/EU, China is currently focusing on graphene. USA/EU has to counter China's graphene issue.

Avatar image for darkangel115
#142 Posted by darkangel115 (4449 posts) -

@2Chalupas said:
@dynamitecop said:

I see no issue with it, much how I see little issue with other tariff's being put into place to reinforce job security and possibly move more production into the United States.

You see no issue with consoles costing $30-$50 more... "because Trump"???

That is generally the outcome with tariffs. Consumers pay more. Tariffs are a terrible idea, at least on stuff like this. Why should Sony or Nintendo, both Japanese companies, be forced to pay a penalty to the U.S. government on ANY of their products regardless of where they are manufactured??? There is little chance that they move production to the U.S, so in the end all it does is harm consumers and make the products harder to sell/less profitable.

you do realize that car's have had this tax forever right?

Avatar image for aroxx_ab
#143 Posted by aroxx_ab (13236 posts) -

Congratz, you get what you vote for...

Avatar image for dakur
#144 Posted by Dakur (3275 posts) -
@Shewgenja said:

Anyone else find the humor in a President running on promises to invest in infrastructure AND an import policy that will radically affect the price of concrete and various other basic building materials?

No?

Alternative facts man. Use them. For example, cement grows on trees, FACT! Simple stuff. It's great.

Avatar image for Randoggy
#145 Posted by Randoggy (3448 posts) -

@silversix_ said:

I wish our heavily brain damaged Justin Trudeau was replaced by Trump

2019 Kevin O'Leary.

Avatar image for Randoggy
#146 Posted by Randoggy (3448 posts) -

@eliminatorpaige said:

Time to move to Canada.

Where games cost $90?

Avatar image for ronvalencia
#147 Edited by ronvalencia (27455 posts) -

@Solaryellow said:

How do foreign nations address the importing of American made goods? Do these nations place tariffs on our goods like we have been told?

Read http://www.idealtaxes.com/post3097.shtml

The 2010 National Trade Estimate (NTE) released on March 31 by the Office of the United States Trade Representative explains how the Chinese government kept out American products. Although the report ignored China's currency manipulations, which raise the cost of all American goods and services in China by somewhere between 25-40%, it still found plenty to talk about. Currency exchange rate manipulation is only one of the many ways that the Chinese government keeps out American products. The report focused upon the Chinese government's expert use of tariff and non-tariff barriers

Tariffs

The Chinese government imposes high tariffs upon many American products. The report states:

China still maintains high duties on some products that compete with sensitive domestic industries. For example, the tariff on large motorcycles is 30 percent. Likewise, most video, digital video, and audio recorders and players still face duties of approximately 30 percent. Raisins face duties of 35 percent. (p. 60)

Selective Use of VAT

According to the report, China makes selective use of its Value-Added Tax to keep out American phosphate fertilizer:

In 2001, China began exempting all phosphate fertilizers except diammonium phosphate (DAP) from the VAT. DAP, a product that the United States exports to China, competes with other phosphate fertilizers produced in China, particularly monoammonium phosphate. (p. 60)

Procurement Directives

The report points out that China makes use of procurement directives to keep out American telecommunication equipment:

There have been continuing reports of the Ministry of Industry and Information Technology (MIIT) and China Telecom adopting policies to discourage the use of imported components or equipment. For example, MIIT has reportedly still not rescinded an internal circular issued in 1998 instructing telecommunications companies to buy components and equipment from domestic sources. (p. 60)

----------

Trade war is already started by China and USA has failed to recognise it... This is the legacy of Bill Clinton.

US and EU duties are different even on the same product. For example:

For cars: EU duty on imports from the US is 10% o US duty on imports from the EU is only 2.5%.

Fair trading would be 2.5 or 10 percent for both sides of the pond.

USA must match Canada's and Germany's 15 percent corporate tax rate.

Trump's 15 percent corporate tax rate was a straight copy from Canada's tax rate.

Avatar image for GameboyTroy
#148 Posted by GameboyTroy (9142 posts) -

Oh Trump. smh

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#149 Posted by BigBoy_Bmw760Li (176 posts) -

@tenaka2 said:

Trump is a joke of a president and america is a joke for electing him.

Good thing that isn't the case ;) Trump's a real dude tbh. The media is just mad biased to him tbh... #BigLeagueTruth

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#150 Posted by NFJSupreme (6599 posts) -

I hope yall realize that its not the companies that are going to pay this tax. We are lol