New duties

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Originally Posted by LDAHL

Yes, but especially brilliant. After saying there was nothing Mexico could do about the new tariffs, Trump reverses himself in exchange for actions the Mexicans had largely already committed to. As National Review said, he’s a cheap date.

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Mean’t to say not especially brilliant. He managed to aggravate a trading partner, destabilize markets and damage his credibility in exchange for something that would almost certainly have happened anyway.

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Originally Posted by Alan

How so? By giving him part of what he wanted which was Mexican government assistance in controlling the border from the south side?

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Are we thinking that Mexico or Canada didn't propose retaliation that could hurt the US economy even more than Trump's tariffs. In the end an agreement was reached to benefit each party. Trump was staring down an economic disaster according to the WSJ and he need way to back out of his bluff.

So much for bringing business back to American by imposing tariffs on imports. At least I think that was his part of his logic, so he really didn't get what he wanted all together. Maybe he did stop the river of Frostbacks running fentanyl across the Canadian border, though.

EDIT: The NYT had an analysis in an article called, What Does Trump Really Want, which claims some or many or most of the Canada and Mexico concessions were already in progress. Since he was never clear of demands, he could called victory at any point. A false victory and an escape from economic disaster.?

https://www.nytimes.com/2025/02/03/u...da-mexico.html

This is an illustration of what the new tariffs on top of current ones will look like. I have a customer that imports hex head bolts from China.

Standard duty 0% (this varies depending on product) + 25% additional China duty (2018) + 10% additional China duty (2025, new effective 2/4) + 25% steel duty (originally assessed in 2018, but extended to all countries and now some finished products in 2025, effective 3/12).

Each of the duty calculations is separate, based on shipment value.

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Originally Posted by Tradd

This is an illustration of what the new tariffs on top of current ones will look like. I have a customer that imports hex head bolts from China.

Standard duty 0% (this varies depending on product) + 25% additional China duty (2018) + 10% additional China duty (2025, new effective 2/4) + 25% steel duty (originally assessed in 2018, but extended to all countries and now some finished products in 2025, effective 3/12).

Each of the duty calculations is separate, based on shipment value.

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Wow. That's a great example, thank you.