AFF Member Stock Discussion

[prozac]

GST is not a tarrif

I never suggested it was!

 

[RooFlyer]

ASX not keen on Trumponomics - market down around 2%. Australia getting no discount with a 10% tariff. If we increase tariffs to 20% then do we get the Trump 50% discount?

That's what peeves me about the insto-dominated Australian market. This was coming for weeks, coming with almost certainty for a few days, yet those clever insto fund managers wait till its announced and suddenly decide they need to sell off. I had my own very modest sell last Monday. SMSF is OK.

Though there almost certainly some sections of the market that probably won't fall. gold in particular. Up $US85 this week. Our producers are raking it in.

Maybe not the forward-sellers (although I don't know what the forward curve has been like the past 6-12 months).

My Australian Nugget sets are looking quite disposable.

 

[Freq Flier 2013]

Well the 10% Tariff on Australian goods may set the cat among the pigeons. I'm an importer, and I'm fully expecting (and encouraging) Australia to slam 10% tariffs on all yank goods moving forward -

We have free trade agreements with alot of other nations, so its time to slam the door shut on these guys until they sort out their mess. Plenty of good imports from the UK, Korea, China, Japan that remain duty free, and maybe its time to Fast Track FTAs with Italy and Germany for good measure.

Our government is gutless and will not impose tariffs on USA.

 

[Radio8tiv]

My Australian Nugget sets are looking quite disposable.

Don’t dispose of them yet, I believe gold will continue to rise for a while

 

[prozac]

Our government is gutless and will not impose tariffs on USA.

Nor should we. This is a recoverable situation imo.

 

[drron]

That's what peeves me about the insto-dominated Australian market. This was coming for weeks, coming with almost certainty for a few days, yet those clever insto fund managers wait till its announced and suddenly decide they need to sell off. I had my own very modest sell last Monday. SMSF is OK.



Maybe not the forward-sellers (although I don't know what the forward curve has been like the past 6-12 months).

My Australian Nugget sets are looking quite disposable.

Well there is a video of Trump being interviewed by Oprah in 1988 where he expressed the view America's allies should pay their fair share and suggested tariffs. So this day has been coming for a while.

Watch: Trump's 1988 Oprah interview resurfaces — Why it’s trending amid tariff move - The Times of India

US News: In a 1988 interview with Oprah Winfrey, US President Donald Trump highlighted his stance on making American allies pay their fair share, citing trade

timesofindia.indiatimes.com

 

[SYD]

Well there is a video of Trump being interviewed by Oprah in 1988 where he expressed the view America's allies should pay their fair share and suggested tariffs. So this day has been coming for a while.

Watch: Trump's 1988 Oprah interview resurfaces — Why it’s trending amid tariff move - The Times of India

US News: In a 1988 interview with Oprah Winfrey, US President Donald Trump highlighted his stance on making American allies pay their fair share, citing trade

timesofindia.indiatimes.com

I listened to the Rose Garden ramble live. He possibly thought it was 1988….

 

[burmans]

GST is not a tarrif

Ah, we know that they have different meanings but in effect there is little difference, a tariff is in effect a tax on overseas goods.

Post automatically merged: Thursday at 9:27 PM

I listened to the Rose Garden ramble live. He possibly thought it was 1988….

If not 1788!

 

[Brissy1]

Why would Australia slap a 10% tariff on goods from US? Trump specifically said the US tariff was in response to the 10% GST we apply to all goods (and services) sold here. We might not like it but it is like for like.

Er, no it's not like for like. GST doesn't distinguish between domestic and imported, so is not an impost on just international trade to favour domestic production.

 

[prozac]

Er, no it's not like for like. GST doesn't distinguish between domestic and imported, so is not an impost on just international trade to favour domestic production.

I never said that. Anything imported to Australia is slapped with a 10% GST. 10% is same as 10% even if nominated a different name. Not hard to understand.

 

[burmans]

Er, no it's not like for like. GST doesn't distinguish between domestic and imported, so is not an impost on just international trade to favour domestic production.

Gotta say I think you are crediting the Donald with too much intelligence here!, He is unlikely to be unaware (let alone care) of this subtlety and will see this as a tax on US goods, so in his mind it's like for like. Reality may well be different, but he's shown a great ability to ignore reality.

 

[cove]

We are going to the US twice this year.
Saw all the travel related shares took a dive today. Does that mean more folks will not be travelling?

 

[SYD]

We are going to the US twice this year.
Saw all the travel related shares took a dive today. Does that mean more folks will not be travelling?

Do you have upgrade requests in?

I do for 1 of 2 trips!

 

[cove]

Yes @SYD the one in May is Qantas business and we want to get into First. The second one is on SQ and we are already in First.That one is for a cruise up the Mississippi.
I thought about Penfolds wines getting hit with a 10 % tariff but they are already over priced.
It will be tough for the Australian producers at the bottom of the pricing market.
Made in Australia products should get a reasonable favourable kick.

 

[Brissy1]

Made in Australia products should get a reasonable favourable kick.

Yes on the flip side, some US imports from Australia will now be RELATIVELY cheaper than US importing the same goods from most other countries.
Opportunity for which asx companies?

 

[burmans]

We are going to the US twice this year.
Saw all the travel related shares took a dive today. Does that mean more folks will not be travelling?

From what I’ve read travel to the US has already taken a serious dip and this won’t help.

 

[andye]

Yes @SYD the one in May is Qantas business and we want to get into First. The second one is on SQ and we are already in First.That one is for a cruise up the Mississippi.
I thought about Penfolds wines getting hit with a 10 % tariff but they are already over priced.
It will be tough for the Australian producers at the bottom of the pricing market.
Made in Australia products should get a reasonable favourable kick.

Heard on the radio that the wine producers are targetting Canada. 80% previously US wines now removed from shelves

 

[SydneySwan]

Absolute carnage on US markets overnight so a vote of confidence on America becoming rich again.

Is now the time to buy? Just been reading a few reports - consensus is we are firmly in bear market territory now, especially the Nasdaq.

 

[I love to travel]

Absolute carnage on US markets overnight so a vote of confidence on America becoming rich again.

Is now the time to buy? Just been reading a few reports - consensus is we are firmly in bear market territory now, especially the Nasdaq.

Personally I think we still have some way to drop. We will get China's impact,not US stock market woes

 

[cambriamarsh]

I never suggested it was!

Sorry I read your comment of it being like for like as implying it was