Tariffs Catch-All

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nycfan said:
Although

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In other words he's too stupid to see that no one is kissing his ass and he needs to actually facilitate these conversations. Instead his fat ass plays gold while China is working. We can easily predict the end result here.
 
www.nbcnews.com

America's struggling wine industry is getting crushed by global tariffs and Canada's retaliation to them

Even if the tariffs were to be reversed tomorrow, one wine business leader said, it would take "at least a year, if not longer, for my industry to recover.”
www.nbcnews.com www.nbcnews.com


Ficeli also said Napa has become less affordable to visit in recent years. “A lot of us had to raise prices, because after Covid, pricing was insane, for especially getting glass,” she said.


Most wineries import bottles from China, she said, because U.S.-made bottles are substandard. The price of shipping them out of China also increased by “double or triple” the amount pre-Covid. “So most of us made price increases just to cover our cost increases,” she said.

But with Trump’s 145% tariffs on China having initiated a 125% tariff on products made in China coming into the United States, getting bottles from Asia has become cost-prohibitive. Throw in the 10% tariffs on European imports — under which American wineries buy French oak barrels to cultivate wine and bottle corks from Spain — and a financial quagmire has emerged.
 
discoveryalert.com.au

China’s Strategic Pivot from US to Canadian Oil Imports

Discover how China's pivot from US to Canadian oil imports reshapes global energy trade patterns and strengthens economic ties.
discoveryalert.com.au discoveryalert.com.au

The deterioration in US-China relations has fundamentally reshaped global oil trade flows. US crude exports to China plummeted from 450,000 bpd in 2022 to a mere 45,000 bpd by April 2025, representing a staggering 90% reduction as Beijing implemented its diversification strategy.

"The 2024 National Defense Authorization Act's port restrictions made US crude politically untenable," explains geopolitical strategist Li Wei, referring to congressional actions limiting Chinese vessels' access to certain US terminals.

Beyond pure politics, the shift reflects China's strategic calculation to reduce economic vulnerability. With tensions showing no signs of abating, Chinese refiners have accelerated their pivot to Canadian suppliers, viewing the northern route as more insulated from geopolitical investor strategies.

Canada's Expanded Export Capacity​

The timely completion of the Trans Mountain Pipeline Expansion has revolutionized Canada's export potential. The $21.4 billion infrastructure project added 590,000 bpd of capacity, enabling direct shipments to Asian markets without dependence on US Gulf Coast terminals.

The 980-kilometer pipeline network, incorporating 12 sophisticated pump stations, overcame formidable coastal mountain terrain to connect Alberta's landlocked resources with tidewater access at British Columbia's ports.

Cenovus CEO Alex Pourbaix underscored the economic transformation: "Our netback to Asia improved by $8.50 per barrel post-TMX, creating irreversible market momentum." This price advantage has catalyzed long-term supply agreements, including PetroChina's 10-year offtake contract with Canadian Natural Resources Ltd. (CNRL) for 100,000 bpd starting July 2024.
 
www.irishtimes.com

EU dismisses US demands on food standards and ties to China

EU standards, particularly in relation to food health and safety, will never be part of the negotiation, ‘not with the US or anyone else', European Commission says
www.irishtimes.com www.irishtimes.com

The European Union will not agree to sweeping changes to its food safety rules to suit American farmers and nor will the bloc agree to cut ties with China as the United States wants it to do, according to senior sources in Dublin and Brussels.

This suggests that agreement between the EU and US on trade, following the imposition of tariffs by Donald Trump, will be hard to reach.

The European Commission, which is the EU’s executive arm that sets trade policy, publicly repeated that the union’s high food safety standards are not on the table in any negotiations with the US.

“EU standards, particularly as they relate to food health and safety, are sacrosanct. That’s not part of the negotiation, it never will be, not with the US or anyone else,” a commission spokesman said on Tuesday.
 
www.independent.co.uk

Starmer told to accept Trump ‘free speech’ agenda to win trade deal

‘Good chance’ of agreement, says JD Vance – but a source close to the administration says his concerns over Britain’s hate speech laws ‘are still a red line’
www.independent.co.uk www.independent.co.uk

Sir Keir Starmer must embrace Donald Trump’s agenda by repealing hate speech laws in order to get a trade deal over the line, a Washington source has told The Independent.

The warning came after the US vice-president suggested a UK-US agreement may be close, with the White House “working very hard” on it.


He told UnHerd: “I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries.”

But a senior Washington figure, who has provided advice for the administration, claimed he is “obsessed by the fall of Western civilisation” – including his view that free speech is being eroded in Britain – and that he will demand the Labour government rolls back laws against hateful comments, including abuse targeting LGBT+ groups or other minorities, as a condition of any deal.
 
heelslegup said:
Trump thinks people from Japan and Francer are screwing US by not buying F-150 trucks to bnavigate narrow streets in Tokyo and Paris.
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I spent 13 years working for the North American joint venture of a German and a Japanese company, so we had plenty of expats working in various US locations including some backwater midwestern factory towns. Among the many things that puzzled them about the US (American football, food portion sizes, etc.) they never could understand why Americans would choose to drive a pickup truck as their primary vehicle.
 
altmin said:
www.independent.co.uk

Starmer told to accept Trump ‘free speech’ agenda to win trade deal

‘Good chance’ of agreement, says JD Vance – but a source close to the administration says his concerns over Britain’s hate speech laws ‘are still a red line’
www.independent.co.uk www.independent.co.uk

Sir Keir Starmer must embrace Donald Trump’s agenda by repealing hate speech laws in order to get a trade deal over the line, a Washington source has told The Independent.

The warning came after the US vice-president suggested a UK-US agreement may be close, with the White House “working very hard” on it.


He told UnHerd: “I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries.”

But a senior Washington figure, who has provided advice for the administration, claimed he is “obsessed by the fall of Western civilisation” – including his view that free speech is being eroded in Britain – and that he will demand the Labour government rolls back laws against hateful comments, including abuse targeting LGBT+ groups or other minorities, as a condition of any deal.
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Nothing says "this is a national emergency!!" like holding up a trade deal while asking another country to repeal laws completely unrelated to trade.

I hope these lawsuits against tariffs punch JD Vance right in the face.
 
The only way to describe President Trump's tariff policies is "rash, reckless incompetence." His fundamental misreading of the strenths of US vs China led to the rare earth fiasco and has placed the US in some stratgic danger for the timne being. If a Democratic President had shown this level of arrogant stupidity and endangered the US similarly, people would be dehmandiningis/her resignation.
 
The good new for US is that China will likely overplay its hand with Europe and Asia and blow the huge opportunity Trump's ineptness has given them
 
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www.cnbc.com

Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

Canceled freight vessel sailings from China are up and will ripple through the supply chain as the trade war impact on the global economy intensifies.
www.cnbc.com www.cnbc.com

“… A total of 80 blank, or canceled, sailings out of China have been recorded by freight company HLS Group. It wrote in a recent note to clients that with the trade war between China and the U.S. leading to a demand plummet, carriers have started to suspend or adjust transpacific services.

…
The impact of the diminished freight container traffic to North America will be significant for many links in the economy and supply chain, including the ports and logistics companies moving the freight. If each sailing was carrying 8,000 to 10,000 TEUs (twenty-foot equivalent units), that would equal a decline in freight traffic of between 640,000-800,000 containers, and lead to decreased crane operations at the ports, lower fees that could be collected, and declines in container pick-ups and transports by trucks, rails, and to warehouses for storage.

The World Trade Organization warned on Wednesday that the outlook for global trade has "deteriorated sharply" in the wake of Trump's tariffs plan. JB Hunt shares hit their lowest level since November 2020 after commentary during the trucking company's earnings call about the uncertainty from tariffs.

…

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Why World Leaders Are Pulling Their Punches in the Trade War​

Retaliation might give countries more leverage in resolving a trade conflict, but could worsen the economic fallout​



“Avoiding a trade war is simple, say some economists: Just don’t fight back.

So far, that strategy appears to be paying off for much of the world, with President Trump pausing some of his highest across-the-board tariffs for three months. China, which has come out swinging, has found itself in an all-out trade war with the U.S.

Now, as countries negotiate with Trump, they will have to decide whether to stick with that approach or try using retaliation as leverage. The downside to retaliation is that it not only brings pain to the U.S. economy, but also to the countries that are retaliating. …”
 
nycfan said:

Why World Leaders Are Pulling Their Punches in the Trade War​

Retaliation might give countries more leverage in resolving a trade conflict, but could worsen the economic fallout​



“Avoiding a trade war is simple, say some economists: Just don’t fight back.

So far, that strategy appears to be paying off for much of the world, with President Trump pausing some of his highest across-the-board tariffs for three months. China, which has come out swinging, has found itself in an all-out trade war with the U.S.

Now, as countries negotiate with Trump, they will have to decide whether to stick with that approach or try using retaliation as leverage. The downside to retaliation is that it not only brings pain to the U.S. economy, but also to the countries that are retaliating. …”
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“… Since the U.S. is applying tariffs to virtually all other countries, it will suffer the biggest hit, other than Canada and Mexico, under most models. “For other countries, costs are diversified; for America, they are concentrated,” said Moritz Schularick, president of the Kiel Institute, a Berlin-based think tank.

… Retaliation can serve an important political objective because it shows that a country is willing to defend itself, said Ignacio García Bercero, a former EU trade official. But he said that doesn’t necessarily mean trading partners should respond in kind.

“The fact the U.S. has decided to impose a big economic cost on themselves doesn’t mean others should do the same thing,” he said.

The EU has said any retaliatory measures it pursues wouldn’t attempt to match U.S. tariffs tit-for-tat and would be targeted to maximize the impact on the U.S. and limit harm to the bloc. …”

george w bush strategy GIF
 
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