SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (24192)5/1/2025 11:56:01 AM
From: Elroy1 Recommendation

Recommended By
Kirk ©

  Read Replies (2) | Respond to of 27007
 
What it truly is, is a fairness to the American consumer

Zero tariffs helps American consumers by making imports less expensive. Tariffs make imports more expensive, raising prices, and that hurts American consumers.

A tariff theoretically helps American producers in their competition with overseas makers of the equivalent product as it raises their sales price. The result is the domestic maker also raises their domestic sales price, doesn't pay any tariff, so the price hike is pure profit. Nothing about that helps the customer who pays the higher price for the same thing.

The US's free market and comparitively low tariffs make for a very high quality of life for US residents. Nice things are inexpensive. Foreign countries comparitively higher tariffs make for a lower quality of life for their resident. The higher tariffs on imports reduce competition, limit imports and increase sales prices, thus reducing the quality of like of the consumer in that country, and reducing competition in the tariffed industry.

Other countries selling us more stuff than we sell to them is a sign of our wealth and success. They are no more "ripping us off" than is the barber ripping you off when you pay him $25 to cut your hair and he pays you nothing.

We are paying other countries to do undesirably low profit work for us. They do it, at a low cost.

Ask yourself - would you rather be in the US importing lots of stuff (because you can afford it) or an overseas resident working your butt off to make stuff for the US, and not getting paid much, and not able to afford the things you export to the USA because, well, you're poor?

Do we really know many US citizens that aspire to work in factories? I don't.



To: robert b furman who wrote (24192)5/1/2025 12:02:46 PM
From: #Breeze1 Recommendation

Recommended By
toccodolce

  Respond to of 27007
 
China Exports to US
In 2024, China exported $438.9 billion worth of goods to the United States. The major categories of products, based on value and prominence in trade data, are:
  • Electronics and Electrical Equipment ($124.97 billion, 28% of total imports): Includes smartphones, laptops, lithium-ion batteries, and other consumer electronics. China supplies 76-78% of U.S. smartphones and laptops.
  • Machinery and Mechanical Appliances ($82 billion, 18% of total imports): Covers nuclear reactor parts, industrial machinery, and mechanical components used in various industries.
  • Toys, Games, and Sports Equipment ($30.03 billion, 7% of total imports): Encompasses a wide range of consumer goods like toys and sporting equipment.
  • Furniture, Lamps, and Prefabricated Buildings ($18.52 billion, 4% of total imports): Includes household furniture, lighting, and modular building components.
  • Plastics and Plastic Articles ($19.29 billion, 4% of total imports): Comprises various plastic goods, from packaging to consumer products.
  • Textiles and Apparel: Includes clothing, footwear, and other textile products, though specific values vary, these are consistently noted as significant.

These categories reflect China's role as a manufacturing hub for consumer and industrial goods, with electronics and machinery dominating due to global supply chain integration. Data is drawn from 2024 trade statistics, primarily from the U.S. International Trade Commission and related sources.

US Exports to China
These categories reflect the U.S.’s comparative advantage in high-tech manufacturing, agriculture, and energy, with exports totaling $143.5 billion in 2024.

The major categories of products the U.S. exports to China, based on recent trade data, include:
  • Agricultural Products:
    • Oilseeds and Grains: Soybeans, corn, and wheat are significant, with soybeans alone accounting for a substantial portion (e.g., 11.6% of U.S. exports to China in 2022, valued at $17.9 billion). China is the world’s largest importer of soybeans, primarily for livestock feed.
  • Energy Products:
    • Oil and Gas: Mineral fuels and oils, including crude oil and liquefied natural gas (LNG), are major exports, with $13.38 billion in 2024. Texas and Louisiana dominate these exports, contributing 96% of U.S. oil and gas shipments to China.
  • Electronics and Semiconductors:
    • Integrated Circuits and Semiconductors: Used in electronic device manufacturing, these made up 6.1% of exports in 2022 ($9.4 billion). Electrical machinery and TV parts also contribute significantly ($11.49 billion in 2024).
  • Aerospace Products:
    • Civilian Aircraft and Parts: Valued at $10.2 billion in 2024, though exports dropped significantly from $21.2 billion in 2018 to $5.5 billion in 2022 due to trade tensions. Washington state, home to Boeing, is a key exporter.
  • Machinery and Mechanical Appliances:
    • Nuclear Reactor Parts and Industrial Machinery: These include mechanical appliances and parts, valued at $10.47 billion in 2024, used in various industrial applications.
  • Pharmaceuticals and Chemicals:
    • Pharmaceutical Products: Including vaccines and blood, valued at $4.99 billion in 2024. Organic chemicals also contribute ($3.88 billion).
  • Vehicles and Parts:
    • Motor Vehicles and Parts: Cars, transport vehicles, and accessories totaled $6.14 billion in 2024.
  • Plastics and Related Products:
    • Plastics: Valued at $7.17 billion in 2024, used in manufacturing and packaging.
  • Optical and Medical Instruments:
    • Optical and Photographic Parts: These, including medical instruments, were worth $8.92 billion in 2024.
  • Meat and Other Food Products:
    • Meat Products: Including pork and beef, significant for China’s food market. Dairy, cotton, and other agricultural products like almonds and apples also contribute.