perception is everything?

[_subgenius]

#wwwwinning!

ditto.

[_canpakes]

#wwwwinning!

ditto.

The #winning! is coming!

From, "All the Products That Will Cost You More Because of Trump's Trade War" -

The first tariffs, targeting a handful of consumer goods, debuted earlier this year; they were followed by taxes on raw steel and aluminum. Now a new wave focusing specifically on hundreds of Chinese industrial goods is set to go into effect in July. And Trump has threatened to target still more Chinese goods — possibly including many popular consumer items like televisions and cellphones.

Here’s a complete rundown of all the goods that could cost you more — or already do — as a result of Trump’s trade war.

Washing Machines

Trump fired an initial shot in his trade war in January, targeting just two products — washing machines and solar panels. The administration placed a tax of 20% to 50% on large residential washing Machines after Whirlpool complained that foreign competitors, including Korean giants Samsung and LG, were unfairly undercutting its prices.

The move initially helped Whirlpool — the company’s stock jumped 5% and it said it would hire 200 workers — but the benefit was offset when the White House also slapped tariffs on imported steel (more on that in a bit), pushing up its costs.

Now U.S. consumers stand to lose. The Wall Street Journal, citing Labor Department data, recently estimated the average cost of washing machines had shot up 17% in just the past three months.

Solar Panels

As with washing machines, tariffs on solar panels — in this case 30% for 2017, with lower rates over the next several years — followed complaints from U.S. manufacturers. But the solar tariffs were highly controversial even within the solar industry, with the Solar Energy Industries Association predicting the new tax could cost as many as 23,000 U.S. jobs, as higher costs prompt homeowners and businesses to put off solar installations. (That’s nearly one out of every 10 jobs in the solar industry.)

Just how much could the tariffs cost you? In May, energy marketplace EnergySage estimated they would add $500 to $1,000 to the cost of the typical home installation project. Such projects typically cost $16,000 to $21,000, according to the group’s estimates.

Beer and Soup

Trump followed up with a broader set of tariffs starting June 1: a 25% levy on steel and 10% levy on aluminum. Few Americans buy these these materials directly, almost everyone buys products that include them — like cars, for instance, or the cans that hold beer, soda, and soup.

Of course, the cost of metals is just one component of the ultimate price consumers pay.

When it comes to foodstuffs, the increase is likely to be moderate. Shortly after the tariff was announced Trump commerce secretary Wilbur Ross went on TV lugging cans of Campbell soup, insisting the steel tariff would boost the cost of each can by only a fraction of a penny. Similarly, in March The New York Times estimated the aluminum tariff could boost beer costs by something like a penny a can.

Cars

Cars, on the other hand, use a lot more steel and aluminum than a can of soup. Ross himself said that the administration’s 25% steel tariff could add as much as $175 to the price of a $35,000 car. Of course, he called that amount “trivial” — but others have noted that it’s about what many people will get from the Trump tax cut.

And there’s another worry for car buyers: In addition to taxing raw materials, President Trump has said he might institute a separate tariff as high as 25% on foreign cars and car parts. Automakers oppose the move, which Trump says may nonetheless be justified on national security grounds.

A new report from Moody’s, released Monday, said European automakers without U.S. plants (like Jaguar and Land Rover) would be among the hardest hit. But GM, which imports almost a third of the cars it sells in the U.S. from plants in Canada and Mexico, and Ford, which imports about 20%, would also suffer.

Last week the American Action Forum, a Washington think tank, estimated a new 25% tariff would boost the cost of buying an imported car by $4,000 to $5,000. Even cars assembled in the U.S. — which nonetheless typically include many foreign auto parts — would see a roughly $1,300 price increase.

Home Appliances

Trump escalated the trade war this month, focusing on China. On June 15, citing China’s disregard of U.S. intellectual property, the administration announced a new 25% tax on roughly $50 billion in Chinese imports.

The administration initially threatened to target as many as 1,300 Chinese products. In the end, it said the new 25% tax would start July 6 and apply to roughly 800 goods — mostly industrial products — with a import value of more than $30 billion. (Another roughly 280 goods, worth about $14 billion, are expected to be hit shortly thereafter.)

Many high-profile consumer goods, including flat-screen TVs, were left off the July 6 list, in an effort to spare consumers visible pain. But that still leaves water coolers, mini-fridges, thermostats, and air purifiers on the list, according to Jonathan Gold, an official at the National Retail Federation, a trade group. Come July, these appliances could cost you up to 25% more, if businesses seek to pass the full cost on to consumers.

Cell Phones, Computers, Toys and Just About Everything Else

Many other goods on the July 6 list — including semiconductors, the computer chips that power PCs and smartphones — are important components in finished goods consumers love, and could eventually drive up prices on these too.

And Trump has threatened to up the ante again, if China retaliates with tariffs of its own on U.S. goods.

At this point, the president has either planned or threatened tariffs on the vast majority of imported Chinese goods. And Americans buy a lot of those: $84 billion worth of Chinese-manufactured cell phones just last year, as well as $67 billion worth of computing equipment and $28 billion worth of toys, to name some of the most popular products.

In other words, if the Trump administration actually goes through with all its threatened levies, it’s unlikely to avoid — as it did earlier this month — targeting popular consumer goods.

Because, for some odd reason, Trump voters seem to think that China forced American companies to either locate to their shores, or sell their products. Maybe they should think harder about that one the next time they're shuffling through the aisles at WalMart. ; )

http://time.com/money/5316029/trump-tar ... ut-prices/

[_Res Ipsa]

Beer???? Oh, now it’s on!!!!!

[_canpakes]

Beer???? Oh, now it’s on!!!!!

Gotta start slow with that one so that the masses stay properly sedated.

[_EAllusion]

Can you walk us through how having approvals that reflect being quite unpopular right now, and on average have been as unpopular as a first term president has ever been, constitutes winning?.

Like i said before, "popularity" is vital to a cult of presidency and does not solely, or exclusively, indicate success with regards to governance....nor is it requisite.
But let me "walk" you over to the some of the #winning list posted here: viewtopic.php?p=1128001#p1128001
The successes listed there were achieved regardless of popularity and they have a far-more reaching impact and influence than the number of re-tweets any distraction du jour receives.

Have you had a conversation with the person who started this thread by citing approval numbers as evidence of winning?

[_subgenius]

Here’s a complete rundown of all the goods that could cost you more — or already do — as a result of Trump’s trade war.

this should be fun...and hopefully relevant.

Washing Machines

average lifespan of washer is 11 years...i can wait for the market to correct for the 17% knee-jerk. (note steel prices for America have been incredibly volatile for years due to overseas construction markets).

Solar Panels

this is at worse a 4% hike on an item that still gets Fed/State rebates...non-issue here.

Beer and Soup

"moderate" is an overstatement...maybe (if rounding up)a 1 cent price increase for the wholesale cost of the can.

Cars
could add as much as $175 to the price of a $35,000 car. Of course, he called that amount “trivial”

because it is "trivial", or better - negligible. next!

Trump has said he might institute...

you have already disallowed the "what ifs" and might" from these sorts of lists....so....next!

Home Appliances

This one is easy....but American!
oh wait,,,

Many high-profile consumer goods, including flat-screen TVs, were left off

But that still leaves water coolers, mini-fridges, thermostats, and air purifiers on the list

I'm willing to accept these "must have items" as a casualty of war.

Cell Phones, Computers, Toys and Just About Everything Else
...could eventually drive up prices on these too.

speculation dismissed...next!

oh...that was it....ergh. I was hoping to feel something around my wallet area...but alas...nothing to feel here.
#stillwinning
#youdesperatebutnotserious

[_subgenius]

Have you had a conversation with the person who started this thread by citing approval numbers as evidence of winning?

it was never excluded as being evidence for winning...just said it was not "solely" nor "exclusively" an indication for winning. Its use in the OP was altogether a different premise - thanks for noticing.

[_canpakes]

Have you had a conversation with the person who started this thread by citing approval numbers as evidence of winning?

it was never excluded as being evidence for winning...

That’s good, because an approval rating of 45%, even, isn’t #winnng.