Trump hits Singapore with 10% Tarriffs

[Leongsam]

Mark my words: the tariffs will be reversed very soon.

With just 70 days in office, Trump is just swinging his dick at all the whole world to show American dominance. But the economic reality is his tariffs will hurt his own country more than others.

When tariff led inflation hits the ordinary American, the political backlash will be another entertaining episode of Trump's reality TV life

Yes they will be reversed but the reason will be that the other countries have capitulated and removed the tariffs that they currently impose on the USA.

Trump certainly is the best of the best. A genius beyond compare.

 

[Rogue Trader]

Trump certainly is the best of the best. A genius beyond compare

100% agree. He's the best entertainer.

 

[shittypore]

If you been paying Protection money, u get a light tariff of 10%. That's how the super power works.

 

[jsctan]

Mark my words: the tariffs will be reversed very soon.

With just 70 days in office, Trump is just swinging his dick at all the whole world to show American dominance. But the economic reality is his tariffs will hurt his own country more than others.

When tariff led inflation hits the ordinary American, the political backlash will be another entertaining episode of Trump's reality TV life

He really got guts & showed action (not just jjww here) to bring back manufacturing back to their country.

 

[Papsmearer]

PAP needs US protection and weapons… no way can survive without US

hahahaha, why the fuck would US protect us? We got oil? We got diamonds and gold? We got pretty cheebyes that AMDK can fuck? We have nothing, understand?

 

[Eisenhut]

Only 10% for sinkies. That is a very special rate reserved for friends.

Even lower than Israel!!!!

 

[Rogue Trader]

bring back manufacturing back to their country.

You have never seen a manufacturing town right? It takes years to build a manufacturing supply chain

 

[Rogue Trader]

Just look at the outrageous tariffs that are charged by many countries against US products and you'll see that President Trump, the lord bless him, is actually going very easy on many of the countries. In my opinion he should go harder!

Trump truly is the best and he's bringing peace and fairness to the rest of the world.

View attachment 217435

The other countries did not put tariffs on America. The second column was calculated using a ah neh formula based on USA's trade deficit with its trading partner


https://www.ft.com/content/85d73172-936a-41f6-9606-4f1e17cb74df

The formula used to calculate the tariffs, released by the US trade representative, took the America’s trade deficit in goods with each country as a proxy for alleged unfair practices, then divided it by the amount of goods imported into the US from that country.

 

[Leongsam]

The other countries did not put tariffs on America. The second column was calculated using a ah neh formula based on USA's trade deficit with its trading partner


https://www.ft.com/content/85d73172-936a-41f6-9606-4f1e17cb74df

No direct tariffs on US products? Hows this for a start.....

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The European Union (EU) imposes a variety of tariffs on American farm produce, which can vary significantly depending on the type of product, specific trade agreements, and whether the imports fall within or outside of tariff-rate quotas (TRQs). Below is an overview based on available information:

• General Tariff Levels: The EU's average applied tariff for agricultural goods from the United States is higher than for non-agricultural goods. While the simple average tariff for all goods entering the EU is around 5.5%, agricultural commodities face an average tariff of approximately 13.7%. This reflects the EU's protective stance on its agricultural sector.
• Dairy Products: Dairy imports from the U.S. face some of the highest tariffs. For example:
  • Out-of-quota cheese can be subject to tariffs as high as 245%.
  • Butter tariffs can reach up to 298%.
  • Other dairy products often face tariffs ranging from 50% to 100%, depending on the specific item and quota status.
• Beef: U.S. beef imports encounter substantial tariffs, often reaching up to 40% or more when outside of specific TRQs. For instance, fresh beef can incur a 12.8% tariff plus an additional €300 per 100 kg. However, under agreements like the U.S.-specific quota for hormone-free beef, some imports can enter at reduced or zero tariffs up to a set volume.
• Poultry: Poultry products, such as chicken, face high tariffs, often compounded by strict sanitary and phytosanitary (SPS) regulations that effectively limit U.S. exports. Tariffs can be significant, potentially exceeding 25% for certain cuts, though exact rates depend on the product and quota.
• Grains and Oilseeds:
  • Corn imports from the U.S. can face a 25% tariff if reintroduced (as seen in past trade disputes), though some suspensions have occurred.
  • Soybeans, a major U.S. export to the EU, typically enter duty-free due to their importance as animal feed and prior trade negotiations, though this could change with new tariff policies.
• Other Agricultural Goods:
  • Sugar and processed fruits/vegetables can face tariffs of 25% or more, especially in retaliatory actions.
  • Alcoholic beverages like whiskey, a notable U.S. export, have been hit with 25% tariffs in past EU countermeasures.
  • Nuts (e.g., almonds, pistachios) and specialty crops may also see tariffs around 25% in retaliatory lists, though baseline rates vary.
• Retaliatory Tariffs: In response to U.S. tariffs (e.g., on steel and aluminum), the EU has imposed additional duties on specific U.S. farm products. As of March 2025, the EU announced tariffs on $28 billion worth of U.S. goods, including soybeans, almonds, and pork, with rates like 25% on many agricultural items, targeting Republican-held states to exert political pressure.
• Non-Tariff Barriers: Beyond tariffs, EU food safety regulations (e.g., bans on hormone-treated beef, antibiotic residues, and certain pathogen reduction treatments in poultry) act as significant barriers, effectively blocking some U.S. farm produce regardless of tariff levels.

These tariffs are part of the EU's broader trade policy to protect its farmers, who face competition from larger-scale U.S. operations. The exact rates can shift due to trade negotiations, retaliatory actions, or changes in quotas, as seen in ongoing U.S.-EU trade tensions under the Trump administration in 2025. For the most current and specific rates, detailed tariff schedules from the European Commission or U.S. Trade Representative would provide real-time data, but the above reflects the situation as of April 4, 2025.

 

[Leongsam]

The European Union imposes a 10% tariff on American-made cars imported into the EU. This applies uniformly to all passenger vehicles from the United States under the EU's common external tariff system. In contrast, the United States currently levies a 2.5% tariff on cars imported from the EU, highlighting a disparity that has been a point of contention in trade discussions, especially with recent U.S. policy shifts under the Trump administration as of April 4, 2025. This 10% rate does not include additional taxes like the EU's Value Added Tax (VAT), which can further increase costs for American car imports but is separate from the tariff itself.

 

[Leongsam]

Vietnam.....

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Vietnam's tariffs on foreign-made cars vary depending on the country of origin, the type of vehicle, and applicable trade agreements. As of April 4, 2025, here’s an overview based on the most current information:

• General Tariff Rates: For cars imported from countries without specific trade agreements with Vietnam (e.g., those not part of ASEAN or other FTAs), the Most Favored Nation (MFN) tariff rate typically ranges from 45% to 75% on Completely Built Units (CBUs), depending on engine size and vehicle type. Luxury cars or those with larger engines often face higher rates, sometimes exceeding 70%, and additional taxes like the Special Consumption Tax (SCT) and Value Added Tax (VAT) can effectively double the cost of a vehicle. For example, a $25,000 car from the U.S. could end up costing over $60,000 after tariffs and taxes.
• ASEAN Countries: Under the ASEAN Trade in Goods Agreement (ATIGA), Vietnam has reduced tariffs on cars from ASEAN member states (e.g., Thailand, Indonesia) to 0% since 2018 for CBUs, making these imports significantly cheaper and shifting Vietnam’s car market toward ASEAN producers.
• United States: For American-made cars, Vietnam historically imposed tariffs ranging from 45% to 64%, plus a 10% VAT and varying SCT rates (e.g., 35%–150% based on engine capacity). However, in response to U.S. reciprocal tariff pressures announced by the Trump administration in March 2025, Vietnam has begun slashing these duties. Posts on X and recent reports indicate that tariffs on U.S. cars have been reduced from 45%–64% to 32% as of late March 2025, though this is not yet uniformly reflected in official tariff schedules and may be part of ongoing negotiations.
• European Union: Under the EU-Vietnam Free Trade Agreement (EVFTA), effective since 2020, tariffs on European cars are being phased out over a 10-year period. As of 2025, rates have dropped significantly from their original levels (e.g., 56%–74%) and are on track to reach 0% by 2030, though current rates still hover around 20%–30% depending on the vehicle.
• Other Trade Agreements: The Regional Comprehensive Economic Partnership (RCEP), effective since 2022, and other FTAs (e.g., with Japan, South Korea) also influence tariffs, often lowering them to 0%–10% for qualifying vehicles over time, though non-ASEAN partners like Japan still face higher rates than ASEAN countries until full implementation.
• Additional Taxes: Beyond import tariffs, Vietnam applies a Special Consumption Tax (SCT) ranging from 35% to 150% (based on engine displacement, with luxury or high-emission vehicles at the top end) and a 10% VAT, calculated on the post-tariff value. These can significantly inflate the final price of foreign-made cars, especially from non-FTA countries like the U.S.

The recent reduction in tariffs on U.S. cars to 32% reflects Vietnam’s strategic response to Trump’s threatened 46% reciprocal tariffs on Vietnamese exports, announced in early April 2025. This adjustment, alongside cuts on other U.S. goods like LNG and ethanol, suggests Vietnam is adapting its trade policy to mitigate U.S. pressure. However, these changes are fluid, and official Vietnamese customs data may lag behind such announcements. For the most precise current rates, consulting Vietnam’s Ministry of Finance or customs authority would be necessary, as trade dynamics are shifting rapidly in 2025.

 

[laksaboy]

Many Tiongs outsourced their crappy goods to be manufactured in Vietnam for the sole purpose of bypassing sanctions, restrictions and tariffs.

Nothing personal against Vietnam, just closing a loophole. Decouple from China if you want less pain.

 

[jsctan]

You have never seen a manufacturing town right? It takes years to build a manufacturing supply chain

How can I not know? I work in manufacturing plants all my life including going to Palo Alto during transfer of technology to Sg when the Americans were training us to be mass production people. Now it's destroyed by our Banking & Property loving white gang over these 20 years. It does takes a few years (but not that long) & the downstream will come together. Experienced it at Jurong Island when a big one comes.
Assembly lines are easy. Chemical plants take a bit longer.

 

[jsctan]

hahahaha, why the fuck would US protect us? We got oil? We got diamonds and gold? We got pretty cheebyes that AMDK can fuck? We have nothing, understand?

We are the gateway....

 

[Rogue Trader]

No direct tariffs on US products? Hows this for a start.....

As I said, they used a formula based on trade deficit

https://www.straitstimes.com/world/...al-tariff-formula-is-all-about-trade-deficits

https://www.ft.com/content/85d73172-936a-41f6-9606-4f1e17cb74df

 

[Leongsam]

As I said, they used a formula based on trade deficit

https://www.straitstimes.com/world/...al-tariff-formula-is-all-about-trade-deficits

https://www.ft.com/content/85d73172-936a-41f6-9606-4f1e17cb74df

Yes because some "tariffs" are subtle or structured to conflate eg OZ's refusal to accept US beef under the guise of "biosecurity".

 

[Rogue Trader]

Now it's destroyed by our Banking & Property loving white gang over these 20 years

That's us adopting the US's neo liberal model. If you think moving back to manufacturing is difficult for sinkapore, imagine the hurdles for US

 

[Rogue Trader]

Yes because some "tariffs" are subtle or structured to conflate eg OZ's refusal to accept US beef under the guise of "biosecurity".

Trump's team of geniuses only used the formula for the whole list

 

[jsctan]

That's us adopting the US's neo liberal model. If you think moving back to manufacturing is difficult for sinkapore, imagine the hurdles for US

Actually if you do not need a customised building, assembly lines are quite easy to set up. Of course, if senior staff had not been retrenched, within 6 months is doable as they know the ins & outs well. Just pack from their lines in other part of the world & ship. That's what trump is looking at. Back to own country. Not exactly starting from zero. Then the downstream will also go together, metal stamping, plastic injections, rubber, PCBA....even carton boxes manufacturer Everyone Huat, jobs abundance.

 

[shock888]

Mark my words: the tariffs will be reversed very soon.

With just 70 days in office, Trump is just swinging his dick at all the whole world to show American dominance. But the economic reality is his tariffs will hurt his own country more than others.

When tariff led inflation hits the ordinary American, the political backlash will be another entertaining episode of Trump's reality TV life

The tarriffs will be reversed slowly country by country, after the 10 year US bond yield drops to around 3.5pc.