https://jalopnik.com/the-u-s-cargo-s...iff-1828197232

Ah, man, it was only a month ago that we’d diverted our attention for a moment from the toxic wasteland of social media to follow Peak Pegasus, a cargo vessel carrying a boatload of soybeans, as it raced to a port in China in a—now futile—effort to beat a new soybean tariff. I’d already forgotten about its journey, but The Guardian checked in this week and, turns out, Peak Pegasus is now a victim to our fledgling trade war with China.

The Peak Pegasus, a 229m-long bulk carrier weighing 43,000 tonnes, has become the reluctant symbol of the potential consequences of this tit-for-tat trade spat.

The ship, owned by JP Morgan Asset Management, was due to unload around 70,000 tonnes of American soybeans in the Chinese port of Dalian on 6 July, shortly after Trump imposed a first round of tariffs on $34bn-worth of goods. Having arrived too late, Peak Pegasus is now “sailing around in circles” while its owner tries to figure out what to do.

Originally Posted by Esprit Model

Florida is our smallest market due to sales tax, no need to argue Monthly Sales Statements confirm that. Just time to get real.

"Smallest market due to sales tax". Really. You think we're that stupid. That's a terrible example of the point you're trying to make. I live in Oregon with NO sales tax. Chief Aircraft is but a few miles from my home. Their walk in business (here in Oregon with NO sales tax) is a small part of their business. It's all online and web based as I'm sure yours is too. Nothing at all to do with sales tax!

Not to mention this has nothing to do with the topic of tariffs being discussed. But it annoys me when points are made to further a position, and mentioned in a context that fits their view. Much like a lot of the media these days...

Originally Posted by flyin4fun

Its not JUST the "slave" labor....it is also the environmental regulations, air and water quality standards, that handcuff American companies when compared to Asian countries among others that do not have to (or want to) comply with those standards adding cost to manufactured products.
The USA yearly trade deficit dollars with the World is between 550 and 800 Billion , depending on which reporting agency you wanna believe.....MEANING, WE import wayyyyyyyy more than we export......tariffs will hurt other countries that import here (with tariffs ) way more than it will hurt us.......there are countries that are already standing in line to renegotiate their trade agreements with the US.
I figured this thread would become politically charged right from the start.
And no matter what gets posted here, till this thread gets closed, will not change anybody's mind.

Unless we're making things people want to buy, nothing will change regardless of tariffs. You can't simply force people to buy American products, especially when they don't exist.

Tariffs actually hurt the consumer more than anyone else, because no company is simply going to eat the increased cost of doing business. They're going to pass it along to the customer.

Canada has a trade deficit with the US but tarifs were imposed on Canada..if I follow the thinking...it should have been the other way around...Canada buy more from the US than export.
In response Canada has imposed tarifs on goods for the same amount of tarifs imposed on Canada. Can you explain how you are getting ahead in such a situation ?

Canada has no tarifs on Chineese good, if example - DLE engine sold in the US goes up 25 %, we will just buy it direct from China instead of purchasing from a US company..how all this make US business ahead ?

In the Canada US situation - I do not see any win.

Here is my take on this thread: I use Stihl Ultra HP at 50:1.

Originally Posted by Philkoury

Here is my take on this thread: I use Stihl Ultra HP at 50:1.

Phil... you're such a trouble maker....Doc warned me about you....hahahahh.

Originally Posted by Helo1

Canada has a trade deficit with the US but tarifs were imposed on Canada..if I follow the thinking...it should have been the other way around...Canada buy more from the US than export.
In response Canada has imposed tarifs on goods for the same amount of tarifs imposed on Canada. Can you explain how you are getting ahead in such a situation ?

Canada has no tarifs on Chineese good, if example - DLE engine sold in the US goes up 25 %, we will just buy it direct from China instead of purchasing from a US company..how all this make US business ahead ?

In the Canada US situation - I do not see any win.

Sorry , but your info is incorrect.....the US has a trade deficit with Canada.......although it is far less than some other countries......Canada imports 18 Billion $ "fewer"goods, annually, from the US than the US imports from Canada.

Originally Posted by flyin4fun

Sorry , but your info is incorrect.....the US has a trade deficit with Canada.......although it is far less than some other countries......Canada imports 18 Billion $ "fewer"goods, annually, from the US than the US imports from Canada.

Not quite true either. Whether you think there is a deficit or a surplus with Canada depends on whether you only count goods, or count goods and services (and since money changes hands for both goods and services, why wouldn't you?).

According to our own government (quotes below come from this page):
https://ustr.gov/countries-regions/americas/canada

Overall we win:

The U.S. goods and services trade surplus with Canada was $8.4 billion in 2017.

We bought more physical goods from Canada than they did from us:

The U.S. data report a $17.5 billion goods deficit with Canada in 2017

But they bought more services from us than we did from them:

The U.S. services trade surplus with Canada was $25.9 billion in 2017.

Here is strait from Canadian Government web site :

“U.S. exports were $320.1 billion, while imports were $307.6 billion. The United States had a $12.5 billion trade surplus with Canada in 2016. Canada has historically held a trade deficit with the United States in every year since 1985 in net trade of goods, excluding services.”

You took 2017 as example to make your point. The US policy on tarifs is not based on one year but make you beleive it’s the reality based on 2017. The stats from the last 30 years + say otherwise.

The tarifs are on goods not services. To include services is not relevant in the tarifs discussion.

Originally Posted by AeroKen

Not quite true either. Whether you think there is a deficit or a surplus with Canada depends on whether you only count goods, or count goods and services (and since money changes hands for both goods and services, why wouldn't you?).

According to our own government (quotes below come from this page):
https://ustr.gov/countries-regions/americas/canada

Overall we win:


We bought more physical goods from Canada than they did from us:


But they bought more services from us than we did from them:

Tariffs are on goods NOT services.....secondly the US is only imposing tariffs on Canadian aluminum (10%) and steel (25%).....Canada has imposed tariffs on 228 items, including a 270% tariff on US dairy items.

Originally Posted by Helo1

The tarifs are on goods not services. To include services is not relevant in the tarifs discussion.

It is relevant if the justification for imposing the tariffs is the supposed trade deficit, which as we've both pointed out is actually a surplus.

Aeroken, Since you raised services and trade in 2017, here is the situation taken from US Goverment web site on trade -services :

Trade in services with Canada (exports and imports) totaled an estimated $91.5 billion in 2017. Services exports were $58.7 billion; services imports were $32.8 billion. The U.S. services trade surplus with Canada was $25.9 billion in 2017.

This put the record strait on services but it’s not relevant on tarifs.

Originally Posted by AeroKen

It is relevant if the justification for imposing the tariffs is the supposed trade deficit, which as we've both pointed out is actually a surplus.

You are wrong. US is in surplus with Canada on both- goods and services.

Originally Posted by Shaker

Tariffs actually hurt the consumer more than anyone else, because no company is simply going to eat the increased cost of doing business. They're going to pass it along to the customer.

This is true of every tax in existence. When people talk about raising taxes on entities who are not the end user of a product or service, it's a bold face lie or they are completely ignorant of how the world works.

We should just tax the end user of a product or service and eliminate all the other taxes. Let's be done with the lies about who's paying taxes the taxes.

Tariffs do have a place in the world and need to remain in existence. The good thing is the every day person will see the cost of the tariffs, so I'm okay with their existence (when and how they are used is a different debate).

Originally Posted by Helo1

You are wrong. US is in surplus with Canada on both- goods and services.

Either way makes no difference.....as the US has decided to impose tariffs on imported steel and aluminum.......trade deficit or no trade deficit.......BUT, because of this ...Canada has decided to impose tariffs on 227 items imported from the US.