They won‘t. It’s not in Abinader’s best political interests and the DR can import tariff free replacement goods from other countries until the US tariffs ease off.
- Thread starter SKY
- Start date
Dominican Republic Hit With 10% Tariff Today By US
Take that suggestion seriously yourself, you add nothing to anything you post in the entire board other than believing that you are a superior demigod always swinging from the highest tree so you believe
Anyways, the 10% will not affect the RD and it is simple arithmetic - the US isn't the mainland for exportation of the DR goods, and it hasn't been for years. Now if the same tariff were to be applied for goods heading over to Haiti, that would be interesting and a handful for the DR for sure.
Not the brightest bulb on the tree, I see.
I don't disagree with you but
" is only when/if the DR decides to retaliate, as opposed to sit down a and discuss the reason(s) the 10% tariff on them took effect, will you begin to see real economic pain"
This turn the other cheek that the USA expects is contra to human nature. I think it is the aggressiveness of the punitive actions that pisses people off. Surely the carrot approach is more effective long term.
For the last 50 years or so, the historical average import duties that the US imposed on imports was 4% or less. Most other countries charged far more import duties on US goods - the DR being one of the worst. Trumps tariffs are not intended to be punitive. They're to level the playing field.
Adios Radical, that was the last of many insults you’ve made towards moderators.
Well, some of the people who are "pissed" off are the Dominican auto dealers who expected the DR government to abide by DR/CAFTA. And adding, so should the citizens who have been paying higher prices for cars because of the say one thing and do another policy.
Of course, like stop lights in the DR, this is not real agreements.....but rather mere suggestions to be ignored as they like.
Respectfully,
Playacaribe2
The problem with the DR, and many other countries, is that to comply with a trade agreement, they just call their import duties something else, just like the DR removed the import duty on cars and renamed it a "registration fee'. Other countries removed their import duties and then just renamed them a VAT tax to comply with the trade agreement in name only.
In 2000 when our tariffs on imports were very low(4% or less), we were $5 trillion dollars in debt after 224 years of existence. Just 25 years later, we're now $36 trillion dollars in debt. We can no long afford to look the other way and play "rich uncle" to the rest of the world.
In 2000 when our tariffs on imports were very low(4% or less), we were $5 trillion dollars in debt after 224 years of existence. Just 25 years later, we're now $36 trillion dollars in debt. We can no long afford to look the other way and play "rich uncle" to the rest of the world.
That's not true. VAT is a sales tax levied on almost all products sold, whether they be produced abroad or in the country where they are sold to the end user.
I think you're confusing VAT with ITBIS which is a direct sales tax to the consumer paid at the POS.
"puts" and "calls" some investors have them, some wish they did.
Time to nibble, and if the DR and others put on retaliatory tariffs, it will be time to bite,
and if the tariff war continues for any length of time, it will be time to gorge.
Respectfully,
Playacaribe2