SpicyLemonZest 9 days ago

The articles you've linked are about threats of 10% to 25% tariffs in the context of active trade negotiations between the US and China. Here, there's an actually imposed tariff of 145% and no talks at all as far as has been reported. It's not the same situation.

2
Aurornis 8 days ago

Exactly. Anyone claiming it’s a repeat of history either doesn’t understand the history or doesn’t understand the current tariff proposal.

Order of magnitude difference. Hence the panic.

righthand 8 days ago

It’s a different situation because the numbers are different even though so far the outcomes are the same. Am I reading that right?

kccqzy 8 days ago

The outcomes are not the same because the numbers are not the same. A few days ago some Chinese journalists interviewed analysts familiar with CATL on batteries. At that time the tariff was 125%, and the analysts thought CATL could still eke out some profits: it's one of the very few Chinese businesses that can profit despite the 125% tariffs because China controls 75% of the world's battery anodes, 90% of cathodes and electrolytes. At 145% tariff CATL will be taking a loss and won't supply batteries at all.

righthand 7 days ago

How do you know the outcome? It’s not over yet.

SpicyLemonZest 8 days ago

I'm not sure what you could possibly mean by "outcome" that doesn't include a 145% tax as an outcome. Perhaps you've fallen victim to the misinformation that the exporting country pays tariffs? That's not so; a 145% tariff on imports from China means that an American business importing $10,000 of stuff from China is required to pay the US government $14,500 on top. (Or they can not do the import and lay off everyone who was involved in processing and selling the stuff, as many China-dependent businesses will likely do over the next few weeks.)

righthand 7 days ago

Still have another 90+ days to figure this out. Perhaps you have fallen victim to believing each move is a different game than last time. To me it appears all someone did was shuffle the pieces.

SpicyLemonZest 7 days ago

We don't have another 90+ days. The 145% tariff is in effect right now. Whoever told you about the 90 days was intentionally trying to trick you; there are other tariffs that were delayed for 90 days, but the announcement delaying those tariffs made it extremely clear that this one was not delayed.

righthand 6 days ago

No one tricked me, you’re just jumping to conclusions based on what I wrote and what point you want to make.

jeromegv 8 days ago

No it’s different because threats to get concessions, and actually enacting them to self sabotage your economy, it’s entirely different.