Seriously. Time to invest in Australian Cattle and look for tourism deals locally... what else other than shorting some US stocks?
Tariffs Catch-All
- Thread starter BubbaOtis
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- Politics
I don't know about you guys, but I'm sick and tired of these deadbeat farmers begging for bailouts. We paid billions in our tax dollars to these mooches in Trump's 1st term; I sure don't want to have them sucking on the government teat again
Struggling farmers call for new bailout as Trump delivers new caps-heavy threat to China
Farmers across the U.S. are bracing for financial ruin from president Donald Trump's tariffs unless taxpayers bail them out.Extreme weather has already wiped out millions of dollars in crops in recent weeks, and Trump's trade war threatens to cut off markets with China and Mexico for their crops...www.rawstory.com
So assuming farm aid has to be approved by Congress, then which way will Democrats vote? I am guessing they voted yes back under Trump 1.0.
I did love the Lochness Monster as a kid.Just got to hold out, the deals are coming...
heelslegup
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The US was the leading producer of rare earth metals from mid-60s to mmid-80s and then ceded that to China. So we hgave beern vulnerable for 40 yeas but China kept sending even when we put export controls on things, It took Trump and his ill-orepared trade war to get China to restrict rare eaerth. DJT: Don';t strt a fight if you are not prepared,,,,,,
Completely insane of Trump to pick this fight at this time. At least wait and get a six month supply of rare earth before doing this.
China is making Trump look like a "pitiful, helpless giant." If incompetence were grounds for impeachment, this Trump trade war would be Article 1. At the moment, China is Will Smith in Independence Day and Trump is the captured alien/ "Came here acting all big and bad. Who's the man? Don;t start something....
Completely insane of Trump to pick this fight at this time. At least wait and get a six month supply of rare earth before doing this.
China is making Trump look like a "pitiful, helpless giant." If incompetence were grounds for impeachment, this Trump trade war would be Article 1. At the moment, China is Will Smith in Independence Day and Trump is the captured alien/ "Came here acting all big and bad. Who's the man? Don;t start something....
BlooVooDoo
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Imagine this klutz trying to find and successfully stimulate a clitoris.
I don’t want to do so.
SmilingJack
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BlooVooDoo
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“… The idea is to extract commitments from U.S. trading partners to isolate China’s economy in exchange for reductions in trade and tariff barriers imposed by the White House. U.S. officials plan to use negotiations with more than 70 nations to ask them to disallow China to ship goods through their countries, prevent Chinese firms from locating in their territories to avoid U.S. tariffs, and not absorb China’s cheap industrial goods into their economies.
… U.S. officials have broached the idea in early talks with some countries, people familiar with the discussions said. Trump himself hinted at the strategy on Tuesday, telling the Spanish-language program “Fox Noticias” he would consider making countries choose between the U.S. and China in response to a question about Panama deciding not to renew its role in the Belt and Road Initiative, China’s global infrastructure program for developing nations. …”
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Will always have a special place in my heart. It was the first BIG coaster I ever rode. Rode it twice this past summer for my godson's birthday. By comparison to new coasters, it's a bit of a rough ride, but I'll still ride it every time I'm there.
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US begins inquiry into pharmaceutical and chip imports in bid to impose tariffs
Notices show Trump administration setting stage for levies on both sectors on national security grounds
“… The filings scheduled to be published on Wednesday set a 21-day deadline from that date for the submission of public comment on the issue and indicate the administration intends to pursue the levies under authority granted by the Trade Expansion Act of 1962. Such inquiries need to be completed within 270 days after being announced.
The Trump administration has started 232 investigations into imports of copper and lumber, and inquiries completed in the US president’s first term formed the basis for tariffs rolled out since his return to the White House in January on steel and aluminum and on the auto industry.
The US began collecting 10% tariffs on imports on 5 April. Pharmaceuticals and semiconductors are exempt from those duties, but Trump has said they will face separate tariffs.
Trump said on Sunday he would be announcing a tariff rate on imported semiconductors over the next week, adding there would be flexibility with some companies in the sector. …”
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Reneged on a contract, trump should know all about this. How many times has Trump did this to Americans who expected the agreed upon government funding to be there and it wasn't?
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HE obviously sees the $28B farmer subsidy very differently than most others.
ZenMode
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When I was in my early twenties, a lesbian coworker told me that you should never push directly on the head of the man in the boat.
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Nvidia Warns of $5.5 Billion Charge on New China Export Curbs; Stock Drops
“Nvidia said it would record a $5.5 billion charge on its quarterly earnings and disclosed that the U.S. will now require a license for exporting the company's H20 processors to China and other countries.
The government told the chip maker Monday the new requirement would be in place “indefinitely,” the company said.
First-quarter results will include the $5.5 billion charge “associated with H20 products for inventory, purchase commitments and related reserves."
… The company had designed the H20 chips to enable sales of artificial-intelligence processors to China that were allowed under U.S. export controls. The H20 chips have far less processing power than the latest top-of-the-line Nvidia processors.
The Commerce Department said it was issuing new export-licensing requirements covering H20 chips and AMD's MI308 processors.
… On Monday, Nvidia said it would start building AI supercomputers in Texas. The announcement came days after President Trump exempted H20 processors from inclusion in so-called reciprocal tariffs. …”
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On a possibly related note, the NASDAQ futures are down about 1.7% heading to the opening bell today. But things fluctuated rapidly these days.
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US’s $2.36tn tourism business fears ‘Trump slump’ over tariff turmoil
Warnings emerge even as effect of economic and political turbulence on the foreign visitors to the US is hard to define
The federal government’s National Travel and Tourism Office released preliminary figures last week showing visits to the US from overseas fell 11.6% in March compared with the same month last year. According to the data released on Tuesday, international arrivals from China were down nearly 1%. Wolfgang Georg Arlt, the CEO of the China Outbound Tourism Research Institute, called it the “Trump Slump”.
The Delta Air Lines CEO, Ed Bastian, also said the company would not expand flying in the second half of the year because of disappointing bookings amid Trump’s unpredictable trade policies after cutting its first-quarter earnings outlook, citing weaker-than-expected corporate and leisure travel demand.
“In the last six weeks, we’ve seen a corresponding reduction in broad consumer confidence and corporate confidence,” Bastian told CNBC, adding things “really started to slow” in mid-February.
The Las Vegas Visitors and Convention Authority said last week it was projecting a 5% decline in room tax revenue for its upcoming budget – a decline that may reflect Trump’s trade disputes with Canada and Mexico. Those countries account for 2.6 million visitors to sin city, or half of international travel trade.
LVCVA’s president, Steve Hill, warned at a budget meeting that short-term projected declines do not make a trend, “although we do expect that this is the start of a decline in international visitation. At some level, the conversation around the tariffs has also alienated some of our potential visitors.”
The travel forecasting company Tourism Economics, which late last year projected the US would have nearly 9% more international arrivals this year, along with a 16% increase in spending, revised its annual outlook last week to predict a 9.4% decline in arrivals.
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In the wait and see department, Easter was on March 31 last year, so there could be some travel happening in April this year that was in March last year.US’s $2.36tn tourism business fears ‘Trump slump’ over tariff turmoil
Warnings emerge even as effect of economic and political turbulence on the foreign visitors to the US is hard to definewww.theguardian.com
The federal government’s National Travel and Tourism Office released preliminary figures last week showing visits to the US from overseas fell 11.6% in March compared with the same month last year. According to the data released on Tuesday, international arrivals from China were down nearly 1%. Wolfgang Georg Arlt, the CEO of the China Outbound Tourism Research Institute, called it the “Trump Slump”.
The Delta Air Lines CEO, Ed Bastian, also said the company would not expand flying in the second half of the year because of disappointing bookings amid Trump’s unpredictable trade policies after cutting its first-quarter earnings outlook, citing weaker-than-expected corporate and leisure travel demand.
“In the last six weeks, we’ve seen a corresponding reduction in broad consumer confidence and corporate confidence,” Bastian told CNBC, adding things “really started to slow” in mid-February.
The Las Vegas Visitors and Convention Authority said last week it was projecting a 5% decline in room tax revenue for its upcoming budget – a decline that may reflect Trump’s trade disputes with Canada and Mexico. Those countries account for 2.6 million visitors to sin city, or half of international travel trade.
LVCVA’s president, Steve Hill, warned at a budget meeting that short-term projected declines do not make a trend, “although we do expect that this is the start of a decline in international visitation. At some level, the conversation around the tariffs has also alienated some of our potential visitors.”
The travel forecasting company Tourism Economics, which late last year projected the US would have nearly 9% more international arrivals this year, along with a 16% increase in spending, revised its annual outlook last week to predict a 9.4% decline in arrivals.