Has anyone here been affected by tariffs?

[Yvonne Smith]

The tariffs are apparently working and prices of items coming into the United States are dropping already, ad the countries negotiate lower tariffs with President Trump. This is good news for all of the countries that do this, becasue eventually we will all have a lot more equal trading with other countries once tariffs are regulated better between countries.

 

[Mary Stetler]

I just saw one commentator announce that the EU has moved to drop all tariffs on the U.S. and passed a law encouraging mass deportations from Europe. He said the Centrists have joined the Conservatives to outvote the Liberal wing of the EU parliament. I have no idea if any of it is true, but if it is, it is an interesting turn. Anyone form Europe have a clue on this. Fake news?

It's about time if it's true!

 

[Mary Stetler]

The tariffs are apparently working and prices of items coming into the United States are dropping already, ad the countries negotiate lower tariffs with President Trump. This is good news for all of the countries that do this, becasue eventually we will all have a lot more equal trading with other countries once tariffs are regulated better between countries.

View attachment 1856

When all the dust settles people will see what Trump had planned.

 

[Nancy Hart]

I just got an email from that Canadian pharmaceutical broker warning that there is a new round of US tariffs coming July 31st, on brand-name pharmaceuticals. Generics are excluded. This is called a Proclamation, rather than an Executive Order.

Adjusting Imports of Pharmaceuticals and Pharmaceutical Ingredients into the United States

BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION 1. The Secretary of Commerce (Secretary) recently transmitted to me a report on his

www.whitehouse.gov

It seems like the administration is trying to get around the Supreme Court ruling earlier by claiming a national security threat, so it doesn't need Congressional approval. They argue that the US military service members should not have to depend on foreign countries and supply chain issues to get needed drugs in cases of emergencies.

The tariffs will be between 10% and 100%, depending on the country. With lower rates negotiated down, involving Most Favored Nation (MFN) prices. It is above my pay grade to figure MFN pricing in a reasonable amount of time. In the short term it seems like it will cause the very shortage they are trying to avoid.