Trump announces awesome new 20% tax on goods purchased from Vietnam

Strong-arming the low hanging fruit to artificially raise costs, the gangster economy is thriving

 

so much financial and economic ignorance in your post….to believe what you typed you’d have to first first conclude the that every Vietnamese company has been undercharging every product by 20% and leaving that money on the table and the consumer will simple absorb a 20% price hike without changing their buying habits. All very unlikely. But hey. You be you. Keep the hate going…..

 

Sounds like a sweet deal. People can pay extra to pay for the taxes, reduce their spending, or buy products that they would not prefer without this tax. All three sound like wins for consumers.

 

when you're done fawning over Das Kapital for the umpteenth time, you may wanna peruse a few of these...

 

Dang, what an illiterate rant- awful

Do you have an "increased taxes" timeline and what will go up 20%?

Any take on the benefit of opening up the Vietnamese mark, government revenue and the correction of the trade balance?

 

Can you pt me to the Big Book of correct trade balances?

 

Did Rogan do a pod about Das Kapital? 4 hour interview with Friedrich Engels? And I missed it?

 

The government revenue will come from import companies that are purchasing products made in Vietnam. Those costs will be passed along to the consumer in the form of higher prices. As for the trade balance, the average Vietnam salary is about $300/month USD. I doubt there will be more Vietnamese buying American made products, even with no tariffs on them. And with the average American salary now over $5k a month on average, one would expect a massive trade imbalance between the USA and Vietnam. If there wasn't, we should be very worried.

 

The real question, does Donald really think the foreign countries pay the tariffs or does he know he is lying about it to the American people.

Either way ..............

 

The book was written by Dr. Even Stephen

 

never listened to a min of Rogan...1 of my fav podcasters has referred to herself as Ho Rogan.

 

Anyways congratulations to Trump for securing TPP with one country, but shittier

 

With the addition of a 40% transnational shipping rate to discourage China.

 

It would be helpful to know what the tariff situation was with Vietnam in early January of this year prior to President Trump becoming president.

Was it 0/0? Who paid what and how much prior to Trump? Throwing out “oh my god, we’re now doing XYZ” is meaningless without context.

 

United States tariffs on Vietnam | WITS data