Tariffs Catch-All

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Huh? said:
Your side is to not take a side. That doesn't do anything to reduce the deficit, either.
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My side is to not reflexively agree with everything a Democrat says or disagree with everything a Republican says. I like to think about a position and decide for myself but I know other people like to just let their party's leadership decide for them.
 
nycfan said:

Trump Team Races to Cut Piecemeal Tariff Deals With More Than 70 Countries​

Administration might settle for written commitments from foreign governments to make certain economic reforms​


GIFT 🎁 🔗—> https://www.wsj.com/politics/policy...f6?st=moon2k&reflink=mobilewebshare_permalink
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“… People with knowledge of the discussions say that many of the offers President Trump is touting are preliminary calls or offers from other nations to negotiate, not fleshed-out economic proposals. While the administration has issued broad requirements for the countries coming to the table—such as reducing their tariffs and buying more American goods—the White House was still devising its negotiation strategy Thursday, as the countdown to the July 8 deadline began.

Traditional free-trade agreements typically take several years to negotiate. Narrower deals covering specific industries that Trump reached with nations such as China, Japan and Korea in his first term took several months. The White House now needs to speed-run negotiations much faster and with dozens of nations at the same time—something that is worrying lawmakers on Capitol Hill who are eager to see deals reached that can avoid the tariff-induced stock selloff of the past week.

The deals aren’t likely to be fully developed free-trade agreements, which typically need to be passed by Congress. Instead, Sen. Bill Hagerty (R., Tenn.), Trump’s first-term ambassador to Japan, said the administration might settle for written commitments from foreign governments to make certain economic reforms, akin to a term sheet that precedes an investment or business deal.

That perspective was backed up by a foreign-government official in contact with the U.S. …”
 
So, the putting the toothpaste back in the tube thing by Trump. His little hands weren't fully successful..




Welp. See ya in the bread lines!

One man did this...and millions of MAGA sycophants and cultists ...and 4 in the Senate...and SCrOTUS
 
Markets can't figure out the tariff policy because no one in the administration know what it is.
 
Japan’s Nikkei has now tumbled more than 5% while gold hit another record high as continuing tariff jitters hit Asian stocks in early trade on Friday.

The Nikkei 225 benchmark index was off 5.4%, having jumped 9.1% on Thursday after Donald Trump’s 90-day tariff reprieve. Other markets also reversed many of the previous day’s gains, with South Korea’s Kospi in Seoul off 1.64% and, as just posted, Australia down more than 2%.
 
Asian markets sink as Trump admits ‘transition cost’ of tariffs – business live
Trump tariff suspension only a ‘fragile pause’, says Macron, as gold soars amid market jitters – business live



Trump’s announcement of punitive tariffs on countries across south-east Asia had risked closing off the routes that Chinese companies have been using since his first term in office to circumvent his levies.

Since 2017, thanks to tariffs on Chinese goods, the share of China’s exports bound for the US has dropped from about 20% to less than 15%. But much of that trade has simply been re-routed through third countries, as Chinese firms set up shop in places with cheaper labour costs and easier access to the US market.
 
The Australian and New Zealand dollars were looking to end a wild week with sizeable gains on a crumbling US dollar as the damage done to investor confidence by the chaos over tariffs sparked an exodus from US assets.

The gains for the Aussie were all the more startling as it is usually the market’s whipping boy during times of volatility and stress, Reuters reports. Yet this time it was the US dollar being dumped.

President Donald Trump eased back on tariffs for most countries except China on Wednesday in part to stem a sell-off in Treasuries, yet bond yields were rising again on Friday. Yields on US 30-year bonds were heading for their largest weekly increase since 1982.

Indeed, US 10-year yields started the week 19 basis points below those in Australia, but have now swung to paying 10 basis points more, and still the US dollar fell.
 
gtyellowjacket said:
I like to think about a position and decide for myself
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I guess it's possible that you like to think about a position, but you never decide, you just present a continuous series of what-if's and hypotheticals regardless of the issue or the situation. And that's fine, it's who you are, but don't delude yourself (or think you're deluding us) by claiming you decide anything. Your hallmark is never deciding on anything. In an earlier era you might've been referred to as a gadfly, but even gadflies eventually settle on something. You're more like a ramora afffixed to the underbelly of a gadfly. That's the closest you ever come to a fixed position...
 
Kraftyheel89 said:
China just announced it's increased tariffs on U.S. goods raised to 125%.
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China Raises Tariffs on U.S. Imports to 125% as Trade War Heats Up​

The White House had clarified that tariffs imposed on China by President Trump in his second term add up to 145%, not 125%, as previously indicated​


“… Beijing will also disregard any further tariffs increases by the U.S. on Chinese goods, the Customs Tariff Commission of the State Council said Friday, adding that U.S. goods exported to China are no longer marketable.

Separately, the Ministry of Commerce said that the U.S. tariffs are “typical unilateral bullying” that seriously violate the rules of the World Trade Organization, repeating a line Chinese officials have used recently to describe the Trump administration’s trade actions.

The ministry said it has lodged an additional complaint with the WTO over the U.S.’s tariff hikes. …


China to Curb Imports of U.S. Films in Response to Trump Tariffs​

China, the world’s second-largest film market, was once seen as a key revenue market for Hollywood​


“… China, the world’s second-largest film market, was once seen as a key revenue market for Hollywood. Now, it is considered an afterthought, with Chinese audiences already souring on U.S. films amid intensifying geopolitical tensions and increasingly turning to domestic movies. The Chinese film “Ne Zha 2,” released in January, outpaced American films and became the world’s highest-grossing movie in any single market. …”

 
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I mean, Trump and some of his advisors wanted to devalue the dollar, so we get a real time experiment to see if they are right that it is burdensome to the United States to be the global reserve currency.
 
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