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New opportunities Téma indítója: Peter Motte
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Peter Motte 
Belgium
Local time: 15:13
Tag (2009 óta)
angol - holland
+ ...
I was thinking: if Trump's tariffs block export to the USA, producers have to look for new markets.
Could this create new opportunities for translators?
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| New opportunities? I don't think so... | Apr 4 |
Of course, producers will have to look to new markets, but as I translate exclusively into my native language, it will change nothing, bar for the outrage, mass confusion and economic pain Trump tariffs have caused everywhere (USA included)…
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Peter Motte
Belgium
Local time: 15:13
Tag (2009 óta)
angol - holland
+ ...
TÉMAINDÍTÓ
I'm not sure because more compagnies might want to sell in Portugal, so it's possibel they need more translations French to Portuguese, Spanish to Portuguese and Italian to Portuguese
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Dan Lucas
Egyesült Királyság
Local time: 14:13
Tag (2014 óta)
japán - angol
| Point / counterpoint | Apr 4 |
US tariffs have been imposed on countries that have imposed tariffs on the US in nearly all cases. If the tariffs imposed by the US eventually result in negotiations with those countries that result in lower tariffs on both sides, that could result in more rather than less trade over the medium term. Which would be good for translators.
Dan
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Peter Motte
Belgium
Local time: 15:13
Tag (2009 óta)
angol - holland
+ ...
TÉMAINDÍTÓ | Trump's tariffs are NOT imposed because of tariffs from other countries | Apr 4 |
The tariffs that the Trump administation imposes on other countries are NOT based on the tariffs those countries impose on US products, but on the difference in export and import volume. The higher the trade deficit of the US with another country is, the higher the tariff is. It has nothing to do with tariffs from the countries involved.
[Edited at 2025-04-04 13:32 GMT]
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Dan Lucas
Egyesült Királyság
Local time: 14:13
Tag (2014 óta)
japán - angol
| If the end result is more commerce, does it matter? | Apr 4 |
Peter Motte wrote:
The higher the trade deficit of the US with another country is, the higher the tariff is. It has nothing to do with tariffs from the countries involved.
But isn't that beside the point?
If they are being used as a tool to reduce tariffs, there's an argument that this will lead to greater trade. Canada has apparently said that they're willing to cut tariffs if the US does the same. Doesn't that imply more trade?
Dan
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Lingua 5B
Bosznia-Hercegovina
Local time: 15:13
Tag (2009 óta)
angol - horvát
+ ...
Dan Lucas wrote:
Peter Motte wrote:
The higher the trade deficit of the US with another country is, the higher the tariff is. It has nothing to do with tariffs from the countries involved.
But isn't that beside the point?
If they are being used as a tool to reduce tariffs, there's an argument that this will lead to greater trade. Canada has apparently said that they're willing to cut tariffs if the US does the same. Doesn't that imply more trade?
Dan
Actually, from what I’ve read, the respective countries increased their tarrifs for the US, as a counteraction. How is that reduction negotiation?
[Edited at 2025-04-04 21:36 GMT]
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Dan Lucas wrote:
If they are being used as a tool to reduce tariffs
Dan
They are not used to reduce tariffs, but to rebalance the trade deficit and boost American manufacturing. It's a sort of protectionism.
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Lingua 5B
Bosznia-Hercegovina
Local time: 15:13
Tag (2009 óta)
angol - horvát
+ ...
| Watched some economics experts commenting | Apr 6 |
Watched some economics experts commenting. One of them said formula on which basis the tariff was created/calulated doesn’t make any commercial or economic sense and goes against trade/economic laws. Next, they say they assume/suspect it’s AI/GPT created, as when you present this problem in the U.S. (the disparity, deficit, etc.) to GPT and ask for a solutin, this is exactely what it provides as an answer. They furthermore specifically point at the advisor Musk as the biggest AI promoter as ... See more Watched some economics experts commenting. One of them said formula on which basis the tariff was created/calulated doesn’t make any commercial or economic sense and goes against trade/economic laws. Next, they say they assume/suspect it’s AI/GPT created, as when you present this problem in the U.S. (the disparity, deficit, etc.) to GPT and ask for a solutin, this is exactely what it provides as an answer. They furthermore specifically point at the advisor Musk as the biggest AI promoter as it most likely being his idea. ▲ Collapse
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Peter Motte
Belgium
Local time: 15:13
Tag (2009 óta)
angol - holland
+ ...
TÉMAINDÍTÓ | Musk doens't want tariffs... | Apr 6 |
Sounds nice, but I've heard the same idea also in comedy shows, so I'm not sure it's true.
Also: Musk owns xAI, an AI firm, but he is also not a big fan of the tariffs. He wants a zero tariff between US and Europe.
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Zea_Mays
Olaszország
Local time: 15:13
Tag (2009 óta)
angol - német
+ ...
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Zea_Mays
Olaszország
Local time: 15:13
Tag (2009 óta)
angol - német
+ ...
| little people pay always the bill | Apr 6 |
Dan Lucas wrote:
If they are being used as a tool to reduce tariffs, there's an argument that this will lead to greater trade. Canada has apparently said that they're willing to cut tariffs if the US does the same. Doesn't that imply more trade?
Apart from the arbitrary and bogus calcualtion that made the world laugh and markets crash - the UK and Italy have already announced that they will support companies affected by the tariffs rather than negotiate. This means that the taxpayer - you, me, us - will end up paying the difference anyway.
The real intention behind all this stupidity is probably to lower the interest rate on the debt they'll have to take on this year, but again, who's going to pay for that?
Not to mention what an idiotic, erratic and ridiculous image the USNA* are getting thanks to these buffoons.
*United States of North America, to be fair.
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Peter Motte
Belgium
Local time: 15:13
Tag (2009 óta)
angol - holland
+ ...
TÉMAINDÍTÓ
The tariff on that penguin island looks ridiculous, but they probably just took a list from all countries somewhere and filled in 10% everywhere just for starters.
[Edited at 2025-04-06 20:32 GMT]
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Zea_Mays
Olaszország
Local time: 15:13
Tag (2009 óta)
angol - német
+ ...
| Another crash to come today | Apr 7 |
Wohoo! ...
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| Isn't he just trying to make a deal as usual? | Apr 8 |
It seems to be his style: now he's thundering that he'll destroy everyone and in a few days he shows up to talk about a deal. The deal is basically with whoever's a 'friend' to put them under tighter control and prevent them from dealing with China. Also, this protectionism makes some sense: it's a realisation that the globalist economy is no longer working properly and something needs to be done about it (plus Trump's personal grudge against globalists). With globalism, you make what you're goo... See more It seems to be his style: now he's thundering that he'll destroy everyone and in a few days he shows up to talk about a deal. The deal is basically with whoever's a 'friend' to put them under tighter control and prevent them from dealing with China. Also, this protectionism makes some sense: it's a realisation that the globalist economy is no longer working properly and something needs to be done about it (plus Trump's personal grudge against globalists). With globalism, you make what you're good at making and buy the rest, and this mechanism is failing. If you bought something or want to collect your money internationally, there's no guarantee you'll be able to get it if you've been a bad guy—and anyone can become a bad guy except for someone willing to show servile compliance at all times. This is probably not what Trump is thinking but he certainly sees how things are going haywire. No economic expertise claimed, just random thoughts ▲ Collapse
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