Generally any tariff over 50% eats into profit margins sufficiently to end trade altogether.
Any escalation in tariffs above that is essentially just a symbolic dick measuring contest. China is being the adult in this situation by not engaging.
he will destroy the Republican Party’s electoral prospects for decades
That’s what they said about Nixon. Look at how that’s turned out.
China has a much greater tolerance for pain than the US for a multitude of reasons. China is also in a position to bolster trading relationships with other nations since it has not gone scorched earth like the US.
The US holds disproportionate purchasing power for its size but it’s still has far less than 50% global purchasing power. China and most other countries will find other partners to trade with while the US isolates itself further.
The only reason the US holds 20% of global purchasing power is because of mutually beneficial relationships with other countries. Purchasing power will slowly erode over time if Trump continues on his current path.
The US is really overestimating its leverage here and, being a fairly overmiliatarilized nation, one can only hope it doesn’t turn to violence once things go south.
How did they find two dudes that look exactly the same?
Trump wants to devalue US currency. He sees US dollar supremacy as why the US is not competitive in the export market and part of the reason why manufacturing has left the country.
Most countries take the US dollars they make on exports and stockpile them in US treasuries which keeps the dollars value high relative to other currencies.
Essentially he sees the high value of the US dollar and trade deficit as bubbles that will eventually burst and collapse the US economy. Which is an issue he thinks he can fix/prevent with tariffs.
What does retention mean in this context? File retention? Is there any way to integrate with Kodi or other media server like debrid services?
The interest rate isn’t fixed, the bond yield (in dollars) is fixed.
Its presented as a percentage interest rate which can be variable.
For example let’s say you have a $1000 bond that pays a $50 dollar yield at maturity. The rate would be 5% (50/1000).
If the market is flooded with bonds, their value would decrease due to increased supply. Now that bond may only be worth $900 but still pays a fixed yield of $50. The interest you get paid in this scenario is now 900/50 = 5.5%
This is great if you are a lender. When you buy bonds you are essentially lending money the government and now your yield will be higher.
But many ordinary people are more often in the position of borrower. The interest rate for mortgages, car loans etc. are based off of bond rates. So if that rates goes up, many major purchases become more expensive over time. Small businesses are also heavily impacted by increased borrowing costs.
Generally, higher bond rates represent decreased confidence in a government entity’s fiscal responsibility. When US federal bonds are sold off collectively, the rate goes up, signalling that investors have lost faith in the US government reliably paying back its debts.
Found it, for anyone reading don’t bother. It is still images with an AI voiceover. I was hoping for half baked AI generated video.
Anyone have a link to the video? Looking for a good laugh.
Bonds offer fixed interest.
Let’s say a $50 bond offers $5 dollar yield at maturity (10%).
If those that currently own bonds sell en masse, the bond becomes less valuable (let’s say $40) but the yield is still $5.
Now the interest rate is 5/40 = 12.5%.
The 30 year treasury bond interest rate is closely tied to mortgage rates.
A higher bond interest rate makes it more expensive for businesses to borrow money.
If other countries sell off US bonds (which are purchased in US dollars), they flood the market with US dollars which ultimately diminishes the dollars value.
Trump and his ilk like to act like the US subsidizes many of its allies when that is very clearly an oversimplification. Many of the US’s allies own US debt (in the form of bonds) because the US is an extremely reliable borrower. If those countries decided the US is not reliable enough to lend money to anymore, it would be extremely problematic for the American economy.
Tl; Dr: Canada, Japan and the EU could twist American home buyers and businesses by the balls by selling off bonds and, if they took it far enough, even devalue the US dollar. America spends a shit ton of borrowed money from its allies and even China.
This comment actually perfectly encapsulates how the US has got to the point that it’s at today.
Ah yes having to lick the boot of an autocrat with no freedom to dissent. That sure sounds like its working to me.
USA turning itself into Cuba.
It takes a next level pants on head stupid to do this to yourself unprompted.
Americans don’t just buy Chinese products from Shein and Temu. They buy those products from Walmart, Target, Amazon and essentially every major US retailer.
The US is speedrunning ending their empire on the current trajectory. The world needs to call their bluff to put them in their place.
Was the US. That mistake is being rectified.
They must enter a unique switch serial number (that corresponds with inventory) to make the purchase? Don’t see why it has to be contigent on a subscription.
This is what the ARC-AGI test by Chollet has also revealed of current AI / LLMs. They have a tendency to approach problems with this trial and error method and can be extremely inefficient (in their current form) with anything involving abstract / deductive reasoning.
Most LLMs do terribly at the test with the most recent breakthrough being with reasoning models. But even the reasoning models struggle.
ARC-AGI is simple, but it demands a keen sense of perception and, in some sense, judgment. It consists of a series of incomplete grids that the test-taker must color in based on the rules they deduce from a few examples; one might, for instance, see a sequence of images and observe that a blue tile is always surrounded by orange tiles, then complete the next picture accordingly. It’s not so different from paint by numbers.
The test has long seemed intractable to major AI companies. GPT-4, which OpenAI boasted in 2023 had “advanced reasoning capabilities,” didn’t do much better than the zero percent earned by its predecessor. A year later, GPT-4o, which the start-up marketed as displaying “text, reasoning, and coding intelligence,” achieved only 5 percent. Gemini 1.5 and Claude 3.7, flagship models from Google and Anthropic, achieved 5 and 14 percent, respectively.
Florida likes to speedrun the decimation of civilization.
They produce solid content, especially long form journalism but their subscription cost is fairly high.
Global South wouldn’t be a fair example since you’d have to factor in historical (and current) exploitation by Western nations. This tends to bolster corruption by having leaders sell out their population to align with Western prerogatives, enriching themselves in the process.
The social democracies in these nations is generally an attempt to protect the populace from Western capitalism moreso than domestic capitalism.
One example would be when the US overthrew the Shah in Iran back in the 50s because they socialized ownership of their oil reserves (previously owned through exploitation by a Western coporation). They staged a coup d’etat to install a pro Western leader so that the Western exploitation could continue. This inevitably led to the Iranian revolution, playing a significant role in Iran’s current state as a theocracy.
The Global South, particularly South America, has countless of examples of this. The term banana republic is used to describe this very situation.
This is by no means an indictment on Western culture, just that the global rich will inevitably be in a position to manipulate the global not-so-rich for their own gain. Western nations are the global bourgeoisie.
Nordic nations are a better example of social democracies as they are not subject to the same type of meddling.