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u/Commercial-Push-9066 1d ago
Exactly!!!! This isn’t an immediate gratification administration. It takes time and strategy and patience. Trump knows what he’s doing. Most of these countries need our dollars and will work with us.
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u/00sucker00 21h ago
Trump’s strategy is looking at the long game. He’s betting that other economies of other countries will bend before the American economy does, and these countries will concede into a better trade arrangement with the US. Meanwhile, the pain his policies are causing, is bringing American manufacturing back. I looked up a statistic recently….in the last 20 years, the US has lost 43,000 companies that manufactured goods. Not 43,000 jobs….43,000 companies! This is what this is all about, because America cannot thrive solely on a service economy.
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u/ReallyNowFellas 23h ago
Trump knows what he’s doing
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u/TheItzal11 22h ago
Milei already did it, all those people I saw on X who claimed coffee prices would go up have nothing to worry about, Argentina also has 0% tariffs now
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u/Sarmattius 15h ago
is it officially confirmed?
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u/TheItzal11 15h ago
Not finding any news articles but it's being reported by George Papadopoulos and Dr. Eli David on X. Then again it's also the weekend which usually means no updates to the news cycle til monday.
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u/dreamz_in_ai 21h ago
They will fall like dominoes.
I thought UK would go first, but I'll take Vietnam and all that manufacturing.
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u/Shoehornblower 22h ago
Yeah…there are other communist nations that have slave labor. See ya china!
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u/Jay_Beckstead 21h ago
The Vietnamese tariffs were only 1%. Dropping their 1% does nothing against the aggregate of tariffs being imposed.
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u/nathanroberts34 6h ago
So we imposed a 46% tariff on the things we by from them in order to get them to reduce their tariffs on us by 1%?
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u/Jay_Beckstead 5h ago
There are estimates of the tariffs Vietnam had on imported American goods from 1-9% that I have seen. So yeah, not huge. But I think a valid concern is the potential of re-branding of China-made items through Vietnam so although the previous tariffs imposed by Vietnam weren’t huge, the problem is quite complex, for instance with countries avoiding US tariffs with re-labeling, for example.
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u/Stanimal54 12h ago
Vietnam has a 90% tariff on U.S. goods.
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u/ThePoliceOfReddit 9h ago
not it doesn't. According to the WTO trade-weighted tariffs from Vietnam on US goods are 5%
Where did you get the 90% number from?
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u/Mishkola 22h ago
Honestly the only beneficiaries in this are the people of Vietnam. Their cost of living might drop.
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u/Luftgekuhlt_driver 23h ago
They’re going to be a through system for China like they were in 2019. Effectively charging China a lower tariff than the US does for their products to come to the US. They’re positioning themselves as a go between. America sees a Vietnamese stamp on a Chinese product and could give a shit less. What is purchased is an inferior product than China made before. China makes profit on scale and besmirches Vietnam to belittle them at a further date.
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u/Saint_Santo 11h ago
Vietnam has been steadily taking on A LOT of textile production from countries wanting to move away from China.
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u/stewartm0205 3h ago
Do they realize it isn’t their tariff rates that Trump is targeting but the trade imbalance? Are they going to buy a $100 billion more products from the US?
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u/Educational_Sea5847 23h ago
We have a certain trust between our two nations after fighting a meaningless war against each other for decades.
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u/-CountDrugula- 14h ago
Ah yes finally there's a global realignment from US hegemony to more US hegemony
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u/West-Association820 23h ago
The Canadian govt is run by extreme lefties who cannot understand negotiations