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Tariffs Catch-All
- Thread starter BubbaOtis
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ChapelHillSooner
Honored Member
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I take back my previous post. I wasn't yet able to figure out how to get the SPY price at the time the option was bought to figure out whether the option was 3-5% OOM so I used the price at the start of the day. I was able to figure out how to get the more granular prices, and while the price didn't move significantly before 1 PM that day, it moved enough to skew the results.
superrific
Legend of ZZL
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Like my dad always used to say, never bring a knife to an escalation letter fight
superrific
Legend of ZZL
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What Bessent said there might well be the wussiest quote ever from any American cabinet member. "Very anxious not to have to use it?"
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Apollo Global Management forecasts a severe U.S. recession triggered by recent tariffs, which will lead to widespread layoffs in the trucking and retail sectors amid rising economic uncertainty.
The report, available on Apollo’s website, paints a grim scenario:
The trucking industry, critical to U.S. logistics, faces significant challenges as tariffs disrupt trade, particularly with China. A sharp decline in container ship voyages from China is expected to reduce freight volumes, thereby lowering demand for trucking services. Imports account for an estimated 20% of U.S. trucking volumes, so a decline in imports will have a significant impact on the industry. With fewer goods to transport, carriers will face reduced workloads and underutilized fleets, forcing them to cut labor costs.
Apollo predicts that domestic freight activity will sharply slow by mid-May, with mass layoffs likely to follow as firms strive to maintain financial stability. The slowdown in trucking will put a lot of pressure on trucking companies that have been dealing with the Great Freight Recession, one of the longest and deepest downturns in history.
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Well it's not like a tariff caused farm crisis is imminent or anything.
coloradosun.com
Colorado farmers just lost their most important mental health lifeline
Farmers and ranchers, with a suicide rate twice as high as the average population, will no longer have access to AgWell mental health program.
coloradosun.com
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related: JD Vance Funded AcreTrader. Here’s Why That Matters.Well it's not like a tariff caused farm crisis is imminent or anything.
Colorado farmers just lost their most important mental health lifeline
Farmers and ranchers, with a suicide rate twice as high as the average population, will no longer have access to AgWell mental health program.
ZenMode
Inconceivable Member
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I suspect the pain from Trump's tariff games is en route.
Trans-Pacific blank sailings soar as ocean shipments plunge
Tariffs hammer China export container volumes
www.freightwaves.com
Trans-Pacific blank sailings soar as ocean shipments plunge
Tariffs hammer China export container volumes
Trans-Pacific blank sailings soar as ocean shipments plunge
Container shipping capacity on the Asia-U.S. trade route has sharply declined as carriers ramp up blank sailings.
www.freightwaves.com
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bassydude77
Exceptional Member
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Just posted this on the markets thread, but probably fits better here.
It certainly "feels" like we are already in a recession. We've had the slowest start to the year in the 11yrs we've been in business. May tends to be when things pick up, so we'll see what happens. I'm trying to not be too pessimistic as I know my feelings toward the current administration are largely driving my feelings around the economy. I assume there are plenty of MAGA still dancing around thinking it is the best economy in history and somehow "feel" that their groceries are now costing less....
It certainly "feels" like we are already in a recession. We've had the slowest start to the year in the 11yrs we've been in business. May tends to be when things pick up, so we'll see what happens. I'm trying to not be too pessimistic as I know my feelings toward the current administration are largely driving my feelings around the economy. I assume there are plenty of MAGA still dancing around thinking it is the best economy in history and somehow "feel" that their groceries are now costing less....
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GM Pulls Profit Guidance, Citing ‘Significant’ Tariff Impact
Detroit automaker’s net income slid 6.6% in the first quarter on weaker sales of highly profitable trucks and SUVs
—> https://www.wsj.com/business/autos/...80?st=prEvjt&reflink=mobilewebshare_permalink“…
“Given the evolving nature of the situation, we believe the future impact of tariffs could be significant,” Jacobson told reporters on a call Monday evening.
GM reported quarterly earnings Tuesday morning but said it would delay its analysts call until Thursday, an unusual move that underscores the rapidly shifting trade environment.
Trump is expected to soften the impact of auto tariffs, actions that will be taken ahead of a trip to Michigan for a rally Tuesday evening, The Wall Street Journal reported late Monday. …”
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The base incompetence of the Trump tariff decisions cannot be overstated.
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Also a lot of weird blips in GM’s TTM data … recovery from the UAW strike last year and a pre-tariff bump in auto purchases in the first quarter this year makes for some unusual events buffeting what would usually be hailed as a strong report …GM Pulls Profit Guidance, Citing ‘Significant’ Tariff Impact
Detroit automaker’s net income slid 6.6% in the first quarter on weaker sales of highly profitable trucks and SUVs
“…
“Given the evolving nature of the situation, we believe the future impact of tariffs could be significant,” Jacobson told reporters on a call Monday evening.
GM reported quarterly earnings Tuesday morning but said it would delay its analysts call until Thursday, an unusual move that underscores the rapidly shifting trade environment.
Trump is expected to soften the impact of auto tariffs, actions that will be taken ahead of a trip to Michigan for a rally Tuesday evening, The Wall Street Journal reported late Monday. …”
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The base incompetence of the Trump tariff decisions cannot be overstated.
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mynameisbond
Distinguished Member
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That quote actually was from Mrs. Bessent.
Amazon said it will include the price of tariffs on impacted products, which Karoline Leavitt subsequently called “a hostile and political act”
Temu has done similar:
www.cnbc.com
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www.reuters.com
Temu has done similar:
Temu adds 'import charges' of about 145% after Trump tariffs, more than doubling price of many items
Temu, which sold customers on the ability to "shop like a billionaire" started adding "import charge" to orders in response to Trump's tariffs on China.
lawtig02
Inconceivable Member
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How far is Leavitt from becoming the worst press secretary in American history? After Trump 1.0, I thought that was a Lou Gehrig-type record. But I'm starting to think Leavitt may be the Cal Ripkin of press secretaries.Amazon said it will include the price of tariffs on impacted products, which Karoline Leavitt subsequently called “a hostile and political act”
Loading…
www.reuters.com
Temu has done similar:
Temu adds 'import charges' of about 145% after Trump tariffs, more than doubling price of many items
Temu, which sold customers on the ability to "shop like a billionaire" started adding "import charge" to orders in response to Trump's tariffs on China.
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In Vivid Video, Beijing Vows Not to ‘Kneel Down’ to Washington
Foreign Ministry denounces ‘bullying’ on tariffs and calls on other countries to isolate the U.S. as a ‘small, stranded boat’
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Chinese officials use some vivid (if often inaccurate and/or unjustified) imagery. But this is especially over the top (in a very Trumpian way).
superrific
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I really couldn't care less about press secretaries. She's basically a better looking and **slightly** more polite Stephen Miller. Apparently she's a MAGA diehard, meaning she probably believes the bullshit coming out of her mouth.
I'm just amused that less than a month ago, they made a whole production about Liberation Day, about how tariffs were going to make America great. Now they are getting pissed when retailers aren't hiding the tariffs. If they were so great, one would think Trump would love them to be separately invoiced. That way, Americans can see in real time the federal coffers filling up. Good thing that China pays the tariffs!
superrific
Legend of ZZL
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China gonna win this trade war.
Trump's narcissism just can't allow him to think about anything that doesn't involve him. So it probably just doesn't occur to him that the rest of the world is trading with each other without tariffs, putting our exporters in an uncompetitive position. And that other countries are happy to trade among themselves if this is how the US wants to act.
That's a pretty good point that Trump Supporters should be forced to hear. If tariffs are so great, then why are you mad at Amazon?
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