Peter Navarro says he doesn’t care if Vietnam reduces tariffs to zero, the problem is we buy from them.
So what do they want??
Peter Navarro says he doesn’t care if Vietnam reduces tariffs to zero, the problem is we buy from them
*peter retarrdo
nobody knows
even these old fucking boomers don't know what they want, they can't even maintain a coherent thought
we want tariffs because we want to force countries to stop drugs from crossing their borders
wait no, actually we want tariffs because we want to encourage manufacturing in america
>nevermind, we want tariffs because we want countries to buy more shit from us, just ignore the fact that we're also putting tariffs on countries who have a trade surplus
our descendants will look back on these times and wonder how we could be so fucking stupid
So what do they want??
They want to stop buying.
I'm not sure why they bother with this tariff nonsense when Trump could simply declare all foreign trade illegal and instantly solve what he perceives a "problem".
Amerimutts want to destroy the global economy, it's that simple
even these old fucking boomers don't know what they want
Trump has been complaining about the trade deficit and china for years. He thinks buying so much shit from china finances their military. Retarded or not he's been cooking this plan for years and it all makes sense according to what he believes.
we want tariffs because we want to force countries to stop drugs from crossing their borders
This is an excuse so he can say the tariffs are an emergency to bypass congress.
White people don’t want to compete with slaves. Jew minds literally can’t comprehend even fathom it.
Don’t worry anon, very shortly what white people want or don’t want will have little bearing on what they must do. You will get in the pod, eat the bugs, or starve.
Ya. Probably. I mean personally I probably won’t go along with the situation. But it’s most people’s religion to worship Jews and blacks. So into the hellscape existence they’ll go.
Isn't a lot of what we buy from them clothing, bags, and tropical agriculture products? There's definitely some mid and lower-end manufacturing we could bring back here.. but does anyone actually want to work sewing gloves or something like that? I'd rather throw a trillion dollars in deficit spending at a national research program to 3D print clothing.
Before China he constantly complained about Japan, Germany, and Saudi Arabia.
CLOSE. THE. GODDAMN. DEFICIT.
It's really not that fucking hard.
they keeping the dong too weak
Beyond Tariffs: Non-Tariff Barriers and Strategic Practices
Currency Manipulation (alleged):
The U.S. Treasury has periodically monitored Vietnam for currency undervaluation, arguing that the Vietnamese government intervenes in currency markets to keep the dong weak. This makes Vietnamese exports cheaper and more competitive, possibly distorting trade flows.
State Involvement and Subsidies:
Vietnam still has state-owned enterprises (SOEs) and state-directed investment in key industries, which can lead to artificial advantages over private U.S. firms. Critics argue this distorts competition.
Labor and Environmental Standards:
U.S. manufacturers often complain that lower labor costs and weaker enforcement of environmental regulations in Vietnam give Vietnamese exporters an unfair cost advantage. These are considered indirect trade distortions.
Intellectual Property (IP) Issues:
Though improving, Vietnam has historically had weak IP enforcement, which can affect U.S. software, entertainment, and technology exports or operations.
Transshipment and Origin Masking:
Some Chinese goods have allegedly been routed through Vietnam and relabeled as “Made in Vietnam” to bypass U.S. tariffs on China. This is considered a serious abuse of trade rules, and U.S. Customs has investigated such practices.
3. Strategic Behavior Within Supply Chains
U.S. firms are offshoring manufacturing to Vietnam due to lower costs and the U.S.–China trade war, but critics argue that Vietnam benefits from U.S. investment and market access while maintaining barriers to reciprocal investment.
Vietnam is also seen as a hub for “China+1” strategy, meaning it acts as a secondary base for Chinese firms to dodge U.S. restrictions.
So what do they want??
A retvrn to tradition. A retvrn to sweatshops, poorhouses and company towns with company stores.
So... back to the Feudal system?
Repatriation of the production of physical goods.
No. Victorian era Industrial Revolution poverty or the American Gilded Age.
Vietnam still has state-owned enterprises (SOEs) and state-directed investment in key industries, which can lead to artificial advantages over private U.S. firms. Critics argue this distorts competition.
This sounds like an admission that some form of central planning is superior to the US model. But TPTB in the US don't like that it is true.
It's kinda like if I spent all my money before my next paycheck and the cafe I waste money at is like "WTF just go more into debt and we can make you lattes!" Like I don't have the money, this seems unsustainable, maybe I can buy lattes again after a few paychecks and getting an emergency fund together.
LITERALLY IMPOSSIBLE YOU RETARD.
The Gilded Age, contrary to court historians, was a great age for America and her people.
Trump tards really voted for this team
Are you planning to ever address the tariffs set on countries with which the US has a surplus?
Then why don't the US also lower their USD to benefit their US made products ?
how about make a strong dong first
So what do they want??
To get out of the Triffin Trap.
en.wikipedia.org
If it means causing so much market disruption and uncertainty that the other countries refuse to use the US Dollar as global reserve currency, then so much the better - that is after all the source of the trap. Nixon tried to get the US out of the Triffin trap in 1971 when he defaulted on the debt by taking the US off the gold standard, but the other countries just kept right on using the dollar as their reserve currency anyway. So it seems like it will take more of a shock than a mere debt default to wean other countries off the US Dollar, just to give you some sort of idea of how bad things will have to get.
Weak Dong. Time to import Viagra from the US.
My dong is strong enough in my opinion
when he defaulted on the debt
take meds schizo
considering that Trump today said he wants China to call him and do a deal it seems more and more likely that these retards have no clue what they want
Obviously we buy from them. Our economy is huge, we’re going to buy. WT actual F Navarro? Dude is some sort of simpleton.
They can't. They mostly sell super low profit margins goods. US sells massively overpriced stuff. They can't afford your shit.
The only way to solve the deficit is for factories to move from Vietnam to some place with lower tariffs and that will fuck over the vietnamese economy, bring the us zero benefits and increase inefficiencies and costs for all.
So you get some extra inflation and no jobs.
That's how countries specific deficits gets fixed... Just factories moving from cambodia and Vietnam to Turkey and Guatemala. Make Guatemala great again!
Vietnam has the GDP of Missouri
you have the IQ of a downie
He literally defaulted on the debt, retard. France sent a warship over to collect their gold and the US Navy told them to go home or go to the bottom, their choice. They bravely turned around and went home, in their accustomed French way.
we'll see what peter navarro says
US sells massively overpriced stuff
Which is due to the dollar being massively overvalued, which is in turn caused by it being the global reserve currency.
How about we just stop giving Vietnam money?
This will fuck up Vietnamese economy
Oh no!
Not a country that isn't America!
How could he betray America like this
Lead poisoning and being handed everything on a silver platter really did a number on the Boomers.
Ok, so how do we replace all the things we buy from them then?
We do make clothing in the USA, it's just typically much more expensive.
So, increase prices? The exact opposite of what Trump was elected on?
And none of these will fix that. Even if the dollar falls this tariffs will just sink other currency value. It will always be on top.
Well that's probably Walmart's problem, not yours or mine. So why even waste cycles on this. Just worrying yourself unnecessarily. That can't be good for your mental health. Log off, and touch grass.
No he didn't faggot decoupling from gold is NOT a default you double nigger
Its real simple, they want tariffs because trump wants tariffs and they want whatever trump wants and will make up whatever excuses they need to justify trumps wants after the fact
Why dies trump want tariffs? Because trump is a senile, dementia addled retard and under his administration economic policy is dictated by his political desires rather than market conditions
Do people like this assume trade deficits are the same thing as budget deficits?
It literally is the definition of a default, though.
you're just blind with trump rage! you have no reasoning capacity!
Well that's probably Walmart's problem, not yours or mine.
it will be both our problems when they have to pass the increased price of sourcing clothes onto us you fucking retard. We've moved past stuff that just impacts a handful of the population or just the market and are now well into shit that affects everyday life.
No it isn't nigger a default means you don't pay
Budget deficits are the inevitable result of trade deficits combined with an overvalued currency. The end result is economic collapse.
en.wikipedia.org
The US literally stopped paying, ergo it was a default.
Well then don't shop at Walmart then. Goddamn you boomers are so enslaved to routine consumption
Also get off this website and TOUCH GRASS
You will own nothing and be happy!
I can't believe MAGA became communists overnight.
You're 12.
they are tasked with carrying out The Great Reset, which is why trump was permitted to win this time
What does Ron Vara have to say about this?
Because that means you can buy less with a dollar. Inflation is good for exports. Deflation is good for imports. That's why Trump's policy is fucking retarded. He is claiming he can increase exports AND lower prices.
You're confusing inflation with currency exchange rates. They are not the same thing.
You are about to be very surprised by the next few years.
No I don't think I will.
MAGA is so fucking retarded. I can't believe what I'm reading. It's genuinely impossible to be this delusional.
You expect the trade value of the dollar to decrease and prices in store to decrease?
Hanania
Insha'Allah he will be deported to El Salvador with Peter Retarrdo
you're just saying we are retarded because the stock market is crashing
they are lead by peter retarrdo
The day of the pillow can't come soon enough
Yes, I, too, am curious about whether Mr. Vara agrees with Navarro or not.
Every dollar spent on imports is a dollar gifted away to someone else. America is never going to reclaim its status if we let ourselves extorted over cars or resources. We are more than capable of making everything ourselves.
Is he latinx?
Every dollar spent on imports is a dollar gifted away to someone else. America is never going to reclaim its status if we let ourselves extorted over cars or resources. We are more than capable of making everything ourselves.
There was a certain Union that thought the same.
VAT is cheating our tariffs
*peter retarrdo
only thing musk has ever said that most people will all agree with. This man is an old, bitter, 60iq dipshit with a purcahsed degree because there is no way this cretin managed to pass math.
So what do they want?
More government revenue from US consumers, so they can give it to billionaires, in the form of government contracts. They don't give a shit about manufacturing sneakers and t-shirts here. They're just going around congress to raise taxes on you.
So what do they want??
At some point I think thse guys legitimately think the US should be the only country selling anything.
The problem with central planning is the economy isn't something you can just direct long-term like that without serious economic shortfalls.
MAGA didn't even know what a "trade deficit" or a "tarif" was before orange migger started talking about it. All they needed to hear was that brown people were going to be deported and that YWNBAW.
To replace it with....what? No one else has anything that can replace it, unless you legitimately think it's a good idea for the IMF to make its own currency with no nation officially backing it like Keynes proposed.
varoufakis explained it well on several occasions
i mean he is still a leftists but he kinda understands a semi-rational plan
its a fools wager basically
they want something like a global plaza accord
they want people to devalue the dollar so the US can export and counter its trade deficit
while also evaluating their currencies so the dollar still is the reserve currency but also low enough to compete
separate countries individually, negociate separatelly for coertion
to make other countries pay for their deficit AGAIN
trump will do tax cuts cause of the tariffs, wall street gonna boom
these 4 years will be crazy or until midterms
its a bluff that might fail or it might create for trump a reason to run a 3rd term
the 1971 conditions of the nixon shock
are not really the conditions they have today
to maintain the american hegemon with a much much lower deficit in general.
and people will now refuse US goods out of spite
lighthizer explained it.
long term deficit needs to be managed or you're fucked
Reagan was classy with this. Trump is chaotic good or bad depends on the results
i'm european. i dont want to be fucked. but i might be.
its a bluff
china used state capitalism why cant the us?
8% gdp growth every year
Gdp growth shouldnt be the only consideration though
You would need deep reforms on the US state, huge deregulation etc... Basically the Doge approach but for everything.
no i mean just kickstart the factories with subsidies...
Factories are not even legal or affordable to build. Not in the way to kickstart a manufacturing economy. That's why you need huge reforms.
yea sorry
i meant a wager or something
not a bluff. wish i could delete
but once it steers correctly
it aint gonna change
biden kept tarifs on china
carter and others kept nixons shit
You realize that when local companies pull this shit they straight up become bitchy welfare queens. In addition to what the other anon said, they'll raise prices anyway claiming something about "tariffs" as an excuse because that's LITERALLY what happened during covid except they used 'inflation' as an excuse. That's why McDonalds hashbrows are like $3
Euros and Yuan most likely.
this is the most retarded shit I have ever read
all it does is say THING=BAD without ever providing a single reason why thing is bad and ignores all real world evidence that thing is actually pretty good and works very well
To replace it with....what
Don't care. That's we like to call a "you" problem. Though it would be hilarious if it was the Euro and you fuckers found out just what a poisonous trap it is being the global reserve currency. Sure your leaders get to swag around the world stage, everybody says what powerful a country you live in. But you lose control over your own exchange rates, your industries lose competitiveness, your people are increasingly impoverished while your elites get ever richer. But they thoughtfully make up for that insult by exporting your jobs to cheaper countries like the US and reassuring you that you can now buy cheaper goods with all those euros you aren't getting from your now nonexistent job. But you sure do feel special, seeing your leaders on TV basking in the adulation of the other movers and shakers of the world.
kek
you lose control over your own exchange rates, your industries lose competitiveness, your people are increasingly impoverished while your elites get ever richer
what does that have to do with being reserve currency? other countries experience the same shit but without the benefits
they want something like a global plaza accord
They're also happy with the dollar ceasing to be the global reserve currency so we can get our exchange rates under control. Either way works. That global accord - call it the Mar a Lago Accord - or even a smaller version involving the US and closely coupled trading partners - would be less disruptive, but it's your call really. One way or another the US has to get its exchange rates under control, and get those dollars flowing back into the US.
get those dollars flowing back into the US
but if the dollar stops being the reserve currency then what will you do with all those extra dollars that flow back? no one will want them for trade anymore
They're also happy with the dollar ceasing to be the global reserve currency
not true
trump would be really aggresive to brics nations
he already said that
they want a bully stature
value your currencies so they are competitive
but dont value them so it counters the dollar hegemon
varoufakis also said it was a mar a lago accord. kek
but really he doesnt want the dollar off the global currency. it would be like this
en.wikipedia.org
And no, they don't. It's a phenomenon unique to reserve currencies. The greater the ratio between the size of the reserve country's economy and the total size of the economies using its currency as reserve, the worse the distortion on the reserve currency inside its host country.
the dollar devalues. US goods become cheaper to export, foreign goods become more expensive to import. The Triffin paradox unwinds, and the next poor country that gets trapped into being the reserve currency gets to be the bitch.
varoufakis also said it was a mar a lago accord. kek
It's not a secret. It comes from
hudsonbaycapital.com
written by the guy who is now the Chairman of the Economic Advisory Council, appointed by Trump and confirmed by the Senate.
no, they don't
so you've never been anywhere in the world except your bumfuck nowhere flyover town
got it
next contestant
am gonna read it cheers
i know that miran was navarro on steroids
i dont like their policy since it ignores service exports
like netflix or other digital and cloud capital markets, financial consulting and others
EU had a good assesment of this. where the service sector with the US balances the EU-USA trade deficits
every country has the government they deserve
Trump doesn't seem to consider the service sector as a thing at all. America pretty much wins with how much they make from digital services, but that money goes to American companies and not the government like tariffs do so Trump doesn't consider it as part of balancing the deficit.
enjoy your tariffs, fucktard.
it ignores service exports
There are a couple of reasons for that. One is a lot of those revenues don't actually involve the US, the monies from foreign countries stays within the foreign subsidiary of netflix or apple or whatever, so there isn't a good way for tariffs to affect them. It's not a good reason and should be addressed, but it's nonetheless a practical reason. Secondly it is US manufacturing that is at a crisis point, so that's the pain point that they're focusing on, fair or not.
Yuan
Manipulated so hard it's literally not worth the paper it's printed on outside of their own borders which is why they don't trade in it
Don't care. That's we like to call a "you" problem.
No it's kind of an "everyone" problem because no country exists in a vacuum
Also I'm not European.
enjoy your tariffs
enjoy paying for them
America pretty much wins with how much they make from digital services
America as a country may, but vanishly few Americans win when Netflix sells a bunch of movie streams to Europeans. And you can't build an aircraft carrier or a hundred million artillery shells with a netflix subscription. Manufacturing matters, and the US has discovered that it simply isn't fungible.
The concomitant devaluation of the dollar means you'll be the one paying for them, but do go on.
you'll be the one paying for them
he said using his device made from chinese parts, while wearing clothes made in indonesia, in a house built from canadian lumber
you are fucked and in denial, when you come begging for mercy I hope our leaders laugh and spit on you
I would never let someone with a Mexican surname be in charge of anything related to money, logic, security, or anything important
Trump implementing the first phase of the Great Reset so the basic liberal internationalists don't have to take the heat for it and have their hands clean when they swoop in to offer the "solution". MAGA are useful idiots.
They want tribute payments aka mafia money
ur a gay idiot with aids
checked
true but you know he could tax digital and other services in a smart way
and gain revenue like that. but he doesnt believe in taxing like that since he loves tax cuts
US manufacturing that is at a crisis point, so that's the pain point that they're focusing on, fair or not.
i get that but the manufacturing is at that point cause of their outsourcing
their lifestyle improved cause of outsourcing or else the purchasing power would be lower
one problem is tho that taxes were higher when outsourcing was lower
now he will have tax cuts while doing a forced protectionism of outsourcing
libertarians are not going to like this
but its a preparation for war
i see it like this
or ottoman style
You know this shit is going away the second democrats take over literally any part of congress, right?
inb4 just like they got rid of Trump's China tariffs
One, the tariffs were nowhere near as big first term and two, they wouldn't keep tariffs on everyone else.
If Trump told them to rape their own mothers, they'd do it in a heartbeat. They're the ultimate golems.
The tariffs may go away the minute the next President comes in, but then that President essentially has to suck the dick of every single country in order to make up for 4 years of hell. Four years isn't all that long, but other countries can also do quite a bit to move away from their dependence on America in four years.
Democrats can take over both houses of congress if they want, they can't do shit. They can pass whatever law they want and Trump can just veto it and watch them seethe.
That's not how that works. These tariffs are all being implemented under the authority of a national emergency he declared that required congressional approval. If congress rescinds on that approval the tariffs stop overnight, that's why congress the other day said they'll give it 60 days to see what happens.
60 days
the niggers will be setting cities on fire within 2 weeks
i think the swamp wants trumps ideas
or at least wants trump to do this so no one else has to
biden basically condeded his term to trump
held his seat hard with no primaries just to fuck shit up and gave up last minute
its the plan
Lurking and just wanted to say you're the first poster I've learned anything from for about a year now, since the mass bans and email wall that turned this place into a ghost town.
Good effort posts.
Maybe there's hope for Anon Babble after all.
he believes that absolute retard
uh yeah my cum will make you whiter and stronger so you should drink it
trust me bro
Trump can just declare another national emergency. Congress can't do shit, unless they rescind the law that gives him the authority, which they can't do.
Bullshit. In 2023, Trump himself said LOSING reserve currency status is a NEGATIVE:
The former president confirmed to Kudlow that the U.S. dollar’s windfall as the world’s reserve currency is "bigger than losing any war."
(...)
"We have something that's very powerful and that's our dollar," he added. "But you take a look at what's happening to it now with other countries not using it, and you know China wants to replace it with the Yuan, and it was unthinkable with us. Unthinkable. Would never have happened. Now people are thinking about it."
source: foxbusiness.com
You are just making shit up. Trump has no idea what the fuck he's doing and neither do you.
Losing reserve status is less good than retaining it with support from its beneficients (the "Mar a Lago Accord" bit form Miran's paper), but losing reserve status is better than the status quo which has been utterly ruinous and cannot continue.
Also congratulations for discovering the Triffin paradox: having the reserve currency is immensely powerful, but also immensely expensive and ultimately destructive of the reserve nation.
Okay, once again you're making shit up.
Trump himself can't decide if wants to allow negotiations (with respect to "retaining it with support from its beneficents"...by the way, the word is "beneficiaries"...) and his actions now are going to have the world scrambling to dump the USD as a reserve currency, which in Trump's OWN words is ruinous. My point is that Trump is talking in circles and you are on here shiposting 800 replies claiming to know what Trump is thinking. You don't. You're making shit up.
Miran's interview on Bloomberg today was a great example of you and everyone else trying to justify this trackwreck as a "strategy". He talked in circles, but when he was directly asked how the tariffs could both pay for tax cuts and be negotiated (meaning the tax cut would logically have to repealed), he choked and the interview was cut off. There is very clearly no sensible plan, just one man's delusional tirade that is going to destroy business while having a direct inflationary effect, when rising CPI is already ruining the purchasing power of average Americans.
Economic isolationism is not viable and is going to wreck the United States. I am a registered Republican and voted for Trump for 3 times, and at this point I wouldn't give the time of day to retards like you who have an emotional compulsion to sit and defend this shit with the ferocity of a tranny leftist screaming about George Floyd. You are dumb and don't realize you're dumb and just get louder in response to being called out.
I think you don't understand how VAT is used by Europe to double-tax imports.
How VAT works in the domestic market:
business sells good, adds x% VAT to the price
at the end of the quarter, business reports VAT receipts to the taxman, pays the % collected from sales
declares how much VAT was paid from purchases
if VAT paid is greater than VAT collected, taxman refunds the business
How VAT works with imports:
European business orders goods from America
American business adds VAT to the price
NOW PAY CLOSE ATTENTION TO THIS PART, THIS IS WHERE THE EUROPEAN CHEATING HAPPENS
American company is not registered in the EU, doesn't have a EU bank account and doesn't have a director who lives in the EU and therefore cannot register a VAT account with the taxman
oopsie :)
Because American company isn't VAT registered, the VAT is now also added by the freight/dispatch/consolidation company which is registered in Europe
European business pays the American business invoice. Plus freight/customs-related costs (this is where the double-VAT is added)
European business now resells American goods in Europe, adds VAT to the price.
End of quarter, European business reports VAT collected and VAT paid
VAT paid would include both the VAT on arrival plus VAT on the American business invoice
taxman only refunds the difference from VAT on arrival
American good is now needlessly more expensive and less competitive
le happy Eurocrat
yeah
But see it would be very village people coded if people were miners, loggers, lumber jacks, cops, or sailors. Trump understands and relates to these people, performing their folk dance at every rally.
You voted for this horseshit and all the clowns that surround him so don't get mad about it now.
Yeaaaaaa.......