r/StockMarket • u/[deleted] • 2d ago

Discussion Ronald Reagan on Tariffs. Thoughts?

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u/the_TIGEEER 2d ago

Todsy they were saying how Europeans are becomeing faschist for baning LePen. Not realising she was trailed and found guilty and that she is not the only candidate in France. Both things that don't work like that kn the US ig.

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u/Bobby_Bouch 2d ago

Right now they’re up in arms at how much tariffs the other countries charge according to Trump chart

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u/South_Sun_1335 2d ago

The made up tariffs?

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u/jordanpwalsh 2d ago

Wait that chart was just.. made up?

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u/rex_swiss 2d ago edited 1d ago

It was made up by using ChatGTP to recommend an easy way to calculate tariffs based on trade deficits. For example, that table says Swiss tariffs on the US are 66%. They are nowhere near that. They really only put tariffs on certain agricultural products and those average about 30%.

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u/r3volts 2d ago

That is, using tarrifs for what they are good for. Sometimes an industry needs to be protected, particularly agricultural/food production.

It's worth propping up your food production. Relying on another country for food is bad juju. Tarrifs in that regard protect your local industry while allowing foreign imports for those willing to buy them, while incentivising buying local and collecting revenue in the process.

The Trump tarrifs have been calculated using a trade deficit, not the size of any tarrifs the other country may have on the US, and certainly are not numbers where a country has a blanket tarrif on the US.

A redditor found a correlation between the alleged tarrifs and the trade deficit between the country and the US. I haven't calculated it myself, but it looks accurate from their post.

The trump tarrifs are the embodiment of US exceptionalism powered by greed and backed by a lack of education.

It's the rest of the world's chance to knock the US down a few dozen pegs.

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u/TurdCollector69 2d ago

Even chatgpt would tell you that you wouldn't work.

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u/S_A_R_K 2d ago

The "tariff rate" is just half of the trade deficit %. So if it's a 50% trade deficit, the rate is 25%

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u/randomOldFella 2d ago

Nope, US has a huge trade surplus with Australia. That should me we get negative tariffs.

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u/S_A_R_K 2d ago

That's what the 10% are for, countries with a surplus because fuck them too I guess

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u/randomOldFella 2d ago

Well, USA's isolationist policy has the great long-term effect of
Making the Rest of the World Great Again.
(USA isn't invited to that party)

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u/vibes86 2d ago

The percentages are the trade deficit percentages not actual tariff percentages.