Tariffs

[WeAAsles]

The EU is fading into the distance and I can eventually see it breaking up.

“JPMorgan Chase chief executive Jamie Dimon warned European leaders they have a competitiveness problem and that they are currently “losing” the battle to rival the US and China. “Europe has gone from 90 per cent US GDP to 65 per cent over 10 or 15 years. That’s not good,” Dimon said at an event in Dublin organised by the Irish foreign ministry. “You’re losing.”

Client Challenge

 

[WeAAsles]

The great Peter Navarro

 

[KCFlyer]

I'm glad you'll be getting your no tax on $12.500 of your overtime because you'll need it to pay the tariffs. But I don't know what you'll do after 2028. When that deduction expires (but the tariffs don't)

 

[WeAAsles]

I'm glad you'll be getting your no tax on $12.500 of your overtime because you'll need it to pay the tariffs. But I don't know what you'll do after 2028. When that deduction expires (but the tariffs don't)

Your purpose here is only to try and aggravate people. You’re very transparent (Switch to your Dog moniker next)

Actually I’m under the Railway Labor Act and we don’t qualify for the no tax on overtime. It actually excludes many different groups including Police and Firefighters.

But that will be rectified through bipartisan legislation.

The no tax on tips, overtime and social security will very likely be extended by the next Congress.

 

[WeAAsles]

 

[KCFlyer]

you do know the story of Ron Varo, don't you? Turns out that Trump asked Jared Kushner to find an advisor on China an trade. Jared search Amazon for a book and found "Death By China" by Peter Navarro....and so Peter became an advisor to Trump. In this book Navarro cited an "economist" to support his theories...a guy named "Ron Varo", which is an anagram for "Navarro". That's right...he cited HIMSELF to support his contentions. That's who is advising Trump

 

[La Li Lu Le Lo]

In other words I’ve read what you post for years before I ever even came up here to the Water Cooler and # 1 you don’t listen (read) the very intelligent responses refuting your comments. And # 2 you only really want (need) attention.

You didn’t read or respond to anything I wrote to you. Not a single thing. I’m better served just posting the X posts I like 👍

I came to the same conclusion yonks ago.

 

[KCFlyer]

I came to the same conclusion yonks ago.

Here is a thought....why don't you both swa X id's and share that **** over there? i mean the others on your side who try to discuss with more than spamming x posts are pretty frustrated at the way your freaking X posts ruin every damned thread on this board.

 

[WeAAsles]

And we officially welcome back to the party the EU and Mexico.

 

[WeAAsles]

This is the reason we need to put the screws to the EU. To me they’re no different than a street mugger with a knife. The money that the EU STEALS from these Companies is OUR Money. 💵 Americans 🇺🇸 work for and are invested in these Companies. Those investments are our 401K’s. We don’t need slime like the Europeans robbing us.

“Regulatory actions against U.S. tech companies generate substantial revenues for the EU. In fact, fines levied against major U.S. tech firms reportedly totaled $2.03 billion in 2023, representing nearly 6 percent of the EU’s tariff revenue base of $34.2 billion for the year.10 By 2024, reported fines escalated significantly to nearly $6.7 billion, roughly one-fifth of the same base (19.5 percent).11

While legally distinct from import duties (which are penalties for rule violations or compliance levies), these financial extractions function similarly to tariffs in their economic impact:

▪ They impose significant financial burdens primarily on foreign (in this case, U.S.) companies.

▪ They generate substantial revenue for European authorities.

▪ They create economic friction and potential barriers to market participation or expansion.

▪ Often calculated based on global revenue, penalties are potentially massive and disproportionate to localized activities or harm, acting as a significant economic extraction similar to a high tariff.12

The sheer scale of these financial flows underscores their economic importance and aligns with the revenue-generating function historically associated with tariffs”

EU Regulatory Actions Against US Tech Companies Are a De Facto Tariff System

EU policymakers frame their legislative and regulatory actions against U.S. tech companies as measures to promote competition and protect consumers. But they operate as protectionist trade barriers and revenue-generating mechanisms.

itif.org

 

[WeAAsles]

The problem for the EU and Canada is they can’t survive without ripping off America 🇺🇸

The EU is eventually going to break up now that the US isn’t going to let them siphon our blood any longer. And Canada 🇨🇦 will eventually have a full on North American partnership with the US which would be a monster economy against China.

Mexico 🇲🇽 is a great trading partner but we have to get them to take out their Cartels like they did in El Salvador 🇸🇻

 

[WeAAsles]

Posting not meant for KC who is just not educated enough to understand it.

“The game has changed,” said Ryan Last, a lawyer with Troutman Pepper Locke, an international law firm helping manufacturers understand and react to American tariffs. “There’s this long-term adaptation where companies are thinking of investing in the U.S. or shifting their supply chain to more domestic North American content.”

Two top officials at the Mexican Economy Ministry, who spoke on the condition of anonymity so as not to endanger trade negotiations with the United States, said more exporters wanted to show that their products were mostly manufactured in North America, with materials mostly sourced from the region.
Data shared by the ministry show that about 87 percent of Mexican exports are now free of U.S. tariffs — only a slight decrease compared with last year. (Even products that may comply with the trade deal, such as cars or steel, have been hit by some of Mr. Trump’s tariffs.)”

https://www.nytimes.com/2025/07/06/world/americas/mexico-trump-tariffs-us-china.html

 

[WeAAsles]

Argentina 🇦🇷

“Argentina would have agreed on a list of 100 products that would enter the U.S. market with zero tariffs, in contrast to the 10% duty that Trump established as a general rule from the White House.

If implemented, and excluding steel and aluminum from the negotiation, Argentina would achieve tariff-free access for between 70% and 80% of its exports to the United States”

Thanks to Javier Milei, Donald Trump approved a zero-tariff agreement with Argentina.

U.S. President Donald Trump supports a special trade agreement with Argentina, framed within his global strategy to counter the advance of the Chinese dictat...

derechadiario.com.ar