Tariffs Catch-All

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www.theguardian.com

China sends back new Boeing jet made more expensive by tariffs

With $55m price set to balloon by 125%, 737 Max returns to Seattle production hub still wearing the colours of Xiamen Airlines
www.theguardian.com www.theguardian.com
A Boeing jet intended for a Chinese airline landed back at the planemaker’s US production hub on Sunday, a victim of the tit-for-tat bilateral tariffs launched by Donald Trump.

The 737 MAX, which was meant for China’s Xiamen Airlines, landed at Seattle’s Boeing Field at 6.11pm, according to a Reuters witness. It was painted with Xiamen livery.


The jet, which made refuelling stops in Guam and Hawaii on its 5,000-mile (8,000-km) return journey, was one of several 737 MAX jets – Boeing’s bestselling model – that had been waiting at Boeing’s Zhoushan completion centre for final work and delivery.
Trump this month raised baseline tariffs on Chinese imports to 145%. In retaliation, China imposed a 125% tariff on US goods.

A Chinese airline taking delivery of a Boeing jet could be crippled by the tariffs, given that a new 737 MAX has a market value of around $55m, according to IBA, an aviation consultancy. Beijing is reportedly considering ways to support airlines that lease Boeing jets and are facing higher costs.

...

Boeing’s order book had 130 planes scheduled for deliver to Chinese companies at the end of March for both commercial airlines and leasing firms, Airways Mag reported.
 

Hitler’s Terrible Tariffs​

By seeking to “liberate” Germans from a globalized world order, the Nazi government sent the national economy careening backwards.

www.theatlantic.com

Hitler’s Terrible Tariffs

By seeking to “liberate” Germans from a globalized world order, the Nazi government sent the national economy careening backwards.
www.theatlantic.com www.theatlantic.com

Behind a paywall. Looking for a free link.
 
www.bbc.com

US stocks and dollar slide after Trump attacks Fed chair Powell

The president amps up attack against US central bank boss calling him "a major loser" for not lowering interest rates.
www.bbc.com www.bbc.com

Though the US dollar and US government bonds are typically considered safe assets in times of market turmoil, they have not escaped the recent turbulence.

The dollar index - which measures the strength of the dollar against a set of currencies including the euro - on Monday fell to its lowest level since 2022.

Interest rates on US government debt also continued to rise on Tuesday, as investors demanded higher returns for holding Treasuries.
 
nycfan said:
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“… During the first Trump administration, there was a formal process for seeking an exemption from tariffs. Companies submitted hundreds of thousands of applications making the case for why their products should be spared. The applications were public, so the machinery of the tariff crafting process could be more closely examined. Such transparency allowed academics to subsequently analyze thousands of the applications and determine that political donors to Republicans were more likely to be granted exemptions.

In Trump’s second term, at least thus far, there has not been a formal application process for tariff carve-outs. Industry executives and lobbyists are making their case behind closed doors. The Wall Street Journal’s editorial board last week called “the opacity of the process” for getting an exemption “the Beltway Swamp’s dream.”

In the executive order formalizing Trump’s new tariffs, including baseline 10% tariffs for almost all countries, exemptions were broadly defined as products in the pharmaceutical, semiconductor, lumber, copper, critical minerals and energy sectors. An accompanying list detailed the specific products that would be spared.

But a ProPublica review of that list found many items that don’t fit neatly, or at all, in those broad categories, and some items that fall squarely within the categories were not spared.

The White House exclusions list, for example, included most types of asbestos, which is not generally considered a critical mineral and doesn’t seem to fit in any of the exempted categories.

The cancer-causing mineral, which is not generally considered critical to national security or the U.S. economy, is still used to make chlorine, but the Biden administration’s Environmental Protection Agency banned imports of the material last year. The Trump administration has signaled it may roll back some of those Biden-era restrictions. …”
 




She also said the Trump administration is currently reviewing 18 trade proposals and Trump’s trade team is meeting with 34 countries this week.
 
Why would the market rally on Bessent saying that he posits a de-escalation? He's saying, this can't rationally continue. That sort of thing is not really a predictor of Trump's behavior. This couldn't have rationally gotten to where we are and yet.
 
www.ctvnews.ca

Mining manufacturer moves its equipment to Sudbury operations from the U.S.

A U.S.-owned company has announced it will spend $7 million expanding its operations in Sudbury.
www.ctvnews.ca www.ctvnews.ca

A U.S.-owned company has announced it will spend $7 million expanding its operations in Sudbury.

Jennmar Canada is relocating equipment from its U.S. operations, purchasing new equipment and plans to expand its facility to bring additional manufacturing capabilities to Ontario.
 
altmin said:
A U.S.-owned company has announced it will spend $7 million expanding its operations in Sudbury.

Jennmar Canada is relocating equipment from its U.S. operations, purchasing new equipment and plans to expand its facility to bring additional manufacturing capabilities to Ontario.
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This makes me happy in a weird, perverse way. Somebody should ask Trump why there are so many businesses leaving America after the tariffs.
 
oilprice.com

Canada’s Seaborne Oil Exports Surged in March | OilPrice.com

A record number of oil cargos departed from Vancouver Port in March, driven by the expanded Trans Mountain pipeline.
oilprice.com oilprice.com

A record number of oil cargos set off from Vancouver Port in March thanks to the expansion of the Trans Mountain pipeline, the Vancouver Sun reported, citing data showing that as many as 30 tankers loaded with crude left the port last month.

This is up from an average of two per month before the Trans Mountain expansion and a high of 25 in the fall of 2024, after the expanded pipeline began operation in the spring of last year.

"After the Trans Mountain Expansion (TMX) was put in service on May 1, 2024, tankers were loaded at a rate of about 20 per month. The rate suddenly increased to 30 for March 2025," retired physics professor David Huntley who tracks tankers at the Vancouver Port, told the publication.

Vortexa data confirms the trend, with the energy analytics provider reporting that Chinese buyers took in a record-high 7.3 million barrels of Canadian oil and are going to take in even more this month. The scale swing happens as Chinese energy traders wind down U.S. oil purchases amid the tariff spat, which also saw Chinese imports of U.S. liquefied natural gas drop to zero in March.

The Vancouver Sun reported Chinese imports of U.S. crude had dropped to some 3 million barrels in March from an all-time high of 29 million barrels in June 2024. It bears nothing that the U.S. was never among the top suppliers of China with crude oil-the top positions are occupied by Middle Eastern producers plus Russia.
 
nycfan said:
“… During the first Trump administration, there was a formal process for seeking an exemption from tariffs. Companies submitted hundreds of thousands of applications making the case for why their products should be spared. The applications were public, so the machinery of the tariff crafting process could be more closely examined. Such transparency allowed academics to subsequently analyze thousands of the applications and determine that political donors to Republicans were more likely to be granted exemptions.

In Trump’s second term, at least thus far, there has not been a formal application process for tariff carve-outs. Industry executives and lobbyists are making their case behind closed doors. The Wall Street Journal’s editorial board last week called “the opacity of the process” for getting an exemption “the Beltway Swamp’s dream.”

In the executive order formalizing Trump’s new tariffs, including baseline 10% tariffs for almost all countries, exemptions were broadly defined as products in the pharmaceutical, semiconductor, lumber, copper, critical minerals and energy sectors. An accompanying list detailed the specific products that would be spared.

But a ProPublica review of that list found many items that don’t fit neatly, or at all, in those broad categories, and some items that fall squarely within the categories were not spared.

The White House exclusions list, for example, included most types of asbestos, which is not generally considered a critical mineral and doesn’t seem to fit in any of the exempted categories.

The cancer-causing mineral, which is not generally considered critical to national security or the U.S. economy, is still used to make chlorine, but the Biden administration’s Environmental Protection Agency banned imports of the material last year. The Trump administration has signaled it may roll back some of those Biden-era restrictions. …”
Click to expand...
It's trump, it's corrupt incompetence.
 
superrific said:
This makes me happy in a weird, perverse way. Somebody should ask Trump why there are so many businesses leaving America after the tariffs.
Click to expand...
Someone should hog tie the stupid muther fucker and gag him and force him to listen to an economics lesson on tariffs.

People with little economic knowledge can understand the fallacy of tariffs as a solution, the stable genius great business man should be able to pick up on it.
 
I recieved two emails today from suppliers explaining their upcoming price increases.

One stated that all products from China would have a temporary 94% surcharge.
 
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