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Ton Bong
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Comments by "Ton Bong" (@tongobong1) on "Fox Business" channel.
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@potkula1 The lord is Trump here.
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Canada should join US. It is the best way forward for Canada. Greetings from Switzerland - Europe.
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@ I am talking about valuating the stock markets. I guess you don't know nothing about it. No wonder only uneducated complain about Trump tariffs crashing stock market.
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What are you talking about? Chinese economy with the help of US was booming until Trump came in 2017 when he stopped US building of Chinese economy.
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@ you would be surprised to know how popular is Trump here in Europe.
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But EU tariffs for imports from USA are already much higher than USA for European imports. We Europeans are lucky that Trump didn't give us the same tariffs that we charge for American imports.
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But it is their duty to earn more profit. It is a duty of government to take care of its people and Trump is the only president who did the right thing to protect people and jobs. This is why he is regarded as the greatest American president here in Switzerland - Europe.
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I wish Europe would have such a great leader as it is Trump to tell Chinese what they deserve. Greetings from a rather common sense Switzerland where Trump is by far the most popular leader.
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@Jackripper-m1v you should know that US market was heavily overpriced and this is the main reason stocks went down and not the tariffs.
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@downshift4503 It is 39% because most of it goes as reexport through Vietnam and other 3rd countries.
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I remember in 2016 she was the best option after Trump. Now she is clearly spoiled by rich donors that want to control the president.
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@ you are also wrong. EU charges 22% VAT for every imported goods to EU and +10% for cars from US. So if you buy a car for 10k in US then you will pay additional 3k to import it to EU. If you bought a car in EU for 10k then you would have to spend only $250 to import it to US - 2.5% tariff. By new tariff you will spend 2500 and this is still less than 3000. I know VAT is not a tariff but it has the same effect as tariff for US exporters.
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You are missing the fact that there are 20% of unreported unemployed Americans that would love to have a job and cannot get one because of lost manufacturing. Every administration lies about the number of unemployed people. The number is at all time high because of the number of people living in USA is at all time high and manufacturing jobs were lost decades ago.
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@davidbrisbane7206 10% is a base tariff from now on. EU has 22% base tariff called VAT - it is a tax yet it is also like a tariff making price of imports 22% higher.
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@ now ask the chatbot how much it costs to import a car from US to EU and how much it costed to import a car from EU to US before the new tariffs. I can tell you that after you bought the car in the US you had to pay 33% on top of the price for a car to import it to EU and if you bought a car in EU you had to pay just 2.5% to import it to US. Today you will have to pay 25% that is still lower than 33%.
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@ Market crashed because it was heavily overpriced. Tariffs were just a trigger of something that was building for the last couple of years.
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@ you might know something about cars but you don't know much about tariffs. Americans will start buying American made cars more instead of paying 10k more for BMW. BMW will soon move production to America so it can compete with prices for cars made local like Ford that is quite a decent car even for German standards. I guess you Germans will suffer because part of production will go to America.
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I want to buy an American car. Greetings from Europe.
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Better sooner than later. If fake democrats will "win" by cheating in the next elections too then they will become even more emboldened to persecute others and in a decade America will become a one party tyranny.
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Sorry but nobody needs China for cheap labor because there are many other countries that provide it. We all need rich US to buy our products. Greetings from Europe.
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I wish my country Switzerland would join USA as a state since Trump is such a great leader. Those from Canada and Greenland that refuse to join USA are so clueless about the world.
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@ Canadians that don't see how great county would be USA with Canada. The strongest country in the world would become even stronger yet some narrow minded Canadians can't see past their local communities.
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Yes in China it is difficult to find good supplier/producer. You should search them outside China.
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@ if you import a 10k car from US to EU you will pay 3k so this is like a 30% tariff it is the sum of 10% tariff and 20% VAT. If you imported a 10k car from EU to US you just paid 2.5% tariff.
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@TeamImpulseLA there are two options: 1.consumers will pay more because of tariffs but they will have more jobs and higher salaries and country will earn a lot from importers. 2. importers will pay the tariffs by reducing the large margin. In this case prices for consumers will stay the same, number of jobs will not grow and no higher salaries for that industry but country will earn a lot from importers. Both options are great for America.
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Trump Trump Trump Trump Trump! Greetings from Europe! We stand with you American workers against China stealing our jobs.
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@Freyja123 censorship on youtube is just crazy. I hope Trump as president will fix it.
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@ you forgot that many import margins are very high so they will easily absorb the tariffs.
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Even if democrats didn't cheat in 2020 elections kicking out those that observed the counting of votes means elections were compromised so much that reasonable intelligent people cannot trust the results of elections. Persecuting the main opposition leaders for not trusting the result is another proof that elections were most likely rigged. If this will continue then America will lose the democracy.
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Don't be silly. Every decent economist knows China will suffer if they will not bow to president Trump.
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@SumanthVepa China is heading to deflation. There will be too much products and no buyers. This happened in Japan 35 years ago and it was devastating for Japan. The US tarrifs will easily kick China over the clif and into the deflation abyss. If I were Xi I would beg Trump to make a deal that is good for both countries.
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@ USA earns $87,081 per capita and Canada earns $55,895 per capita so American on average earns 55% more than Canadian on average. If anything Canada would drag America down but synergies will offset the drag so people of both countries would gain and especially Canadians would gain a lot of wealth. Here in Switzerland we are very good at understanding economy unlike many Canadians.
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Haley should endorse Trump or else she will become a traitor of Republicans. The next Mike Pence.
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The only way for Trump to lose this election is democrat party special counting operation in key states.
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@LindseyDisney Nikki was ok until she sold her soul to rich donors that want to control the president. They cannot buy Trump because Trump is so rich that doesn't need more.
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@ Yes Xi lost all power since Chinese economy tanked and there is a danger of deflation similar to what happened in Japan. Xi should bow to the greatest American president ever. Only Trump can save Chinese economy.
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@Ferni142 US can just say to China that it can forget about the returning of the debt and China will lose the trade war fast. LOL!
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@ VAT is not a trade barrier but it is a terrible high tax and instead of protesting it the naive people are protesting very reasonable Trump tariffs. You are beyond help not knowind what is good and what is bad for the people of free world.
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@ exactly! Countries of the free world with a great economy are getting destroyed by tyrannical countries because work there is so cheap. It is time for democratic capitalist countries to protect workers from tyrannic countries taking our jobs.
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@ consumers are forced to buy cheap because many are unemployed or have low salaries because China and other tyrannic countries stole so many jobs from US.
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Trump doesn't need Xi to call him because he prefers tariffs destroying Chinese economy over making some deal that can save Chinese economy. LOL!
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@ seller China is going to collapse since buyer USA doesn't need China.
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@seanguzy9601 you must be a Biden voter if you hate America so much.
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@ yes but no plant is going to be 100% automated so they will still generate jobs and also taxes for country and at least they will raise the social security. Having plants is much better for a country no plants. Beside building the plants also provides jobs for construction workers and engineers that install the equipment.
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@ both come back. There is no 100% automated plants. I saw the inside of a robot manufacturing plant and it had many workers building robots that manufacture products. You would think a plant that is manufacturing robots would be close to 100% automated right? Well the reality is very different.
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@davidbrisbane7206 accordint to ChatGPT: High Automation (robots do most tasks) will replace 30–70% of workers. So 30 to 70% of workers are still needed in highly automated plants.
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Airbus is European and will join Trump in the fight against China. You will see soon.
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If you believe the media lie that tariffs are based on trade deficits then you are the mor...
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@gruty728 fake calculation by media. The real calculation is very different.
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@davidpaterson2309 it is absurd to complain about Trump reasonable tariffs when we have terrible VAT of 22% here in EU.
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