US still refusing to budge and doubling down. As I said earlier, this is performative BS. There's no grand strategy here. These guys are idiots and are rapidly burning the global perception of the US being stable trade partner
I'll repeat what I said earlier and say that the correct action for countries is to just wait it out. Because I expect the US will eventually fold. After doing some serious damage and encouraging businesses to change track to less efficient but less risky prices, sources, markets etc
Also from what I've heard the US just flat out refused Vietnam's offer of removing tariffs entirely. That should tell you everything you need to know
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I’m really hoping, especially now the tariffs are paused for 3 months. It would be unpleasant paying more due to the tariffs especially knowing it’s implemented by a billionaire.
Vietnamese government have continued their discussions with America and have agreed to purchase and I paraphrase “lots of stuff”
I didn’t update the original post because this isn’t really new but it is nice to see that things continue to go well and are getting closer to the desired result.
Remember that this pause will last 3 months so I don’t see much news happening quickly in this front.
@Overzeal was watching this thread like a hawk for obvious reasons but now seems like room for cautious optimism. Now, just to hope I get that email around May 8th or so...
Until we see the ink dry, I am not incline to believe spoken words. It's good that this is happening but with tariffs and trade until it is written and formal and inks dry for all to see this is alot of fluff.
Vietnamese government have continued their discussions with America and have agreed to purchase and I paraphrase “lots of stuff”
I didn’t update the original post because this isn’t really new but it is nice to see that things continue to go well and are getting closer to the desired result
Yeah, same old stuff. This is what they always do. I see no good news here or any sign that there's some sort of progression to a "desired result". It's just theatre with a side of serious economic vandalism. To quote myself
As I said earlier, this is performative BS. There's no grand strategy here. These guys are idiots and are rapidly burning the global perception of the US being stable trade partner
I'll repeat what I said earlier and say that the correct action for countries is to just wait it out. Because I expect the US will eventually fold. After doing some serious damage and encouraging businesses to change track to less efficient but less risky prices, sources, markets etc
I would also note that the pause is still a 10% tax on everything. And still doesn't do anything to make people confident in trading with the current default trade centre of the world. I expect what we'll generally see is countries and companies just looking at other options now the US has given them a reason to. Complete idiocy
@Overzeal
If the goal was balancing trade why did they impose a 10% tariff on Australia? And if trade balance is even a thing you want maybe I should charge myself a 100% tarrif on the Switch 2 given I'm not selling any Switch 2s to Nintendo and yet they're selling me a Switch 2
It's complete lunacy
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@skywake It's all Politics first and real meaning tariffs is dead last here. If they level headed do tariffs that can help but just outright knee jerk Tariffs helps no one. We are all globally connected economy what happens in in market has cascading affect every-else where not isolated economies. Maybe in our stone age we were isolated but not anymore were more connected then we think. Prime example your "Smart-Phone" that a global device regardless where you go.
@Overzeal if you mean the Switch 2 price, it's not like it will be available for purchase anyway. Nintendo moves units from Vietnam to US, treating Vietnamese like 2nd class citizens.
As for the tariffs, well, one good thing is it might work for human rights breaking countries
@Overzeal
I find it amusing you keep talking about "deals" as if that's even a possibility here. Or even a sensible approach. Especially given every day it seems the US just keeps rolling things back. Horrible policy aside it's just not a really good strategy if the goal is to negotiate a "deal" to just behave completely erratically before rapidly retreating
The whole thing would be pretty funny if it wasn't so serious
The U.S. is getting what they want. They sell more stuff and pay less for what they buy. They win. Also Trump has been saying for like 2 years this was his plan, love it or hate it you can’t deny this is consistent.
This site isn’t the place to discuss the morality of geopolitical tariff policy. I’m trying to keep it to the S2.
The U.S. is getting what they want. They sell more stuff and pay less for what they buy. They win.
Not sure what you mean; tariffs by definition make us pay more for what we buy. tariffs are basically a very complicated type of sales tax. Selling more remains to be seen; that is part of the theoretical goal of tariffs, but a trade war with tariffs on both sides could cause the opposite to happen. Time will tell.
I agree the point of the discussion is Nintendo. The main question continues to be, will the tariffs hang around long enough to increase the price of Switch 2.
If the U.S. is the one putting out the tariffs then that money goes to the government. If the seller is unwise they will pass that cost on to the consumer and sell fewer products and make less money no matter what.
If the U.S.’s goal is to make more money, then they can either sell more stuff, tax foreign goods, or simply lower their own costs by telling other countries to drop their tariffs against the U.S.
Agreed though, there’s no point in predicting what will happen.
If the seller is unwise they will pass that cost on to the consumer and sell fewer products and make less money no matter what.
History has shown the seller is almost universally 'unwise' regarding tariffs; it's just how businesses work. If they lose money on every unit, they raise prices. Selling lots of units isn't useful if their margin is terrible (or even negative) per unit. There are always exceptions, but they are exceptions to the rule of raising prices.
With Switch 2 it's a bit of a question because, although Nintendo won't admit it, they might have already raised their prices simply because of the threat of tariffs. In which case, some amount of tariffs won't change the price because it's already built-in. Consoles are also a little weird compared to most consumer products because half of the profit comes from associated games rather than the hardware unit itself so they can theoretically get by with not great margins on the hardware part. Anyways, maybe in 30 years Nintendo will release an official history and we'll find out 😆
The statement they put out is that $450 was not speculative on future tariffs. This of course could easily be PR to make the price look better by not raising it.
I saw one analyst predict that the S2 costs Nintendo $400 to produce but selling consoles at a loss then selling billions of games seems to be the industry standard.
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Topic: Updates on Vietnam #2
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