Trump Signs Order Imposing 10 Percent Baseline Reciprocal Tariffs, 20 Percent On Imports From EU.
Trump Signs Order Imposing 10 Percent Baseline Reciprocal Tariffs, 20 Percent On Imports From EU.
US President Donald Trump on April 2 announced reciprocal tariffs on US trading partners, including 20 percent on goods from the European Union, a move that some experts fear will set off a trade war and cause the world’s economy to tank.
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20 percent on goods from the European Union, 25 percent on South Korean imports.
Bit higher than expected, but not wholly unexpected either.
34 percent on Chinese goods, 32 percent on Taiwanese imports
Oof. That will tank the tech manufacturing industry. GPU card price will shoot through the roof.
46 percent on Japanese products
Holy shit! What did Japan do to deserve freaking 50% tarrifs? I knew there was some bad blood in the 80s and 90s but is it still the case now?
I hope Nintendo stocked those Switch 2s everywhere ahead of time or it's gonna be rough.
Maybe the US will understand that these tariffs primarily do over thing: raise prices for their own citizens.
Living in the EU, I'm looking forward to the non-tariffed Switch 2.
The issue might be that this isn't actually a negative for the government and its cronies. They want to control their population and making everyone poorer actually helps with that. It could lead to a large-scale rebellion, but I think the conservative brainwashing is far along enough that most conservatives and especially the MAGAs will just ignore it.
Uhm, the EU has tarrifs on imports from outside the EU though? Obviously not as high as the US ones for the Asian countries here, but they are still there.
The point is that Orange Guy doesn't affect my Switch 2 pricing.
30% against Switzerland. Even though we don't have any tariffs against the USA (except for agricultural products).
Wtf
I guess the americans like their medicine even more expensive than the ridiculous profit margins our pharmaceuticals already claim?
The Switch 2 is probably manufactured in China, so the 34% should apply, not the 46% from Japan, right? Not worst case but still ridiculous either way
Is it fully manufactured in China, or is the final assembly done in Japan/somewhere else? Because that would change the tarrif.
Guess 1: calculation of trade deficit Guess 2: based on taxes and fines (like the EU has 19% sales taxes on all its products)
Either way: Japan did nothing to deserve this, lower or higher tariffs isn’t because favourability (this time)
Guess 1 is correct. Someone on Reddit figured it out. Formula is: deficit divided by total us exports then the resulting percentage is halvedm
Thanks!
That makes total sense /s
I hope Nintendo stocked those Switch 2s everywhere ahead of time or it’s gonna be rough.
The EU has a 20% tariff on Chinese electronics.
Oof. That will tank the tech manufacturing industry. GPU card price will shoot through the roof.
Honest question: Why? Aren't these tariffs on US imports? And aren't most graphics cards manufactured outside the USA anyway?
Supply chains are globalized. It just needs one step to be performed in the US (e.g to protect critical IP) for the tarrifs to be applied. Your comment prompted me to do a bit of research on Nvidia's supply chain, and here is what little I could find, a non-exhaustive list of suppliers.
You're right, it doesn't seem like they have parts done in US (mostly Taiwan, China, and Thailand), which should mean they are somewhat safe drom this. But depending on the reseller you buy from, if their distribution network goes through the US, you might still get those tarrifs applied back to you (even if you don't live there).
US people will start to buy Chinese shitty products with dirty cheap prices now. Or find under the paper ways to get their products.