Tariffs Catch-All

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Per CNBC, WSJ reporting that rare earth licenses to US companies and Pentagon will only be for six monthgs

Pentagon today cancelled half of this ytear's F-35 jet oprder from Lockheed Martin. I would guess this may be domewhat related to rare earths since they are used in F-35 production
 
We have had these trade skirmishes with China for decades. In the past the most they ever did was restrict a few non-critica; rare earth metals.
And even in the early stages of this war, it was trending this way. Then Trump decided to go big and bad amd gp all ou trade war with the 145% tariff and China said "fine, try this" and banned all REE.REM to the US for the first time.
Completely overplayed his hand. Had a Dem President done somthing this incompent and foolish (starting an all out war when you are not ready for it), people would be calling for the Dem pres to resign or be impeached,
The US was the leading prpducer/refiner of REE/REM until 1985 and then for whatever reasson mostly got out of the business after 1985..
 
uncmba said:
Call me crazy, but it almost seems like Trump didn’t enter these “negotiations” with an understanding of the Chinese leverage points.
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Didn't the Art of the Deal ghostwriter say something in the last few years that Trump's goto negotiating tactic was "Go in yelling and making demands, walk out with a worse deal, and then claim victory?"
 
These articles are all getting this wrong, I think. The reason that wholesalers' prices haven't increased is that they weren't buying any of the most tariffed goods. That should change.

I don't know. If the tariffs don't increase prices then everything I know about economics is wrong. I would not have expected a lag effect, but I can make that make sense. I cannot make sense out of prices not rising in competitive markets when costs increase across the board.
 

Trump Steel Tariffs Expanded to Hit Home Appliances​

The move is one of the first times this year that consumer products were specifically targeted with higher import taxes.


“
Washing machines, refrigerators and other common household appliances made with steel parts will soon be subject to expanded tariffs, the Commerce Department said Thursday.

The department said in a notice that levies would take effect on so-called steel derivative products on June 23 and will be set at 50 percent, the current level for all other steel and aluminum imports. The new tariffs will apply to the value of steel content in each import, the notice said.

While many products have become subject to higher import taxes since President Trump began implementing his aggressive trade policy, Thursday’s announcement marked one of the first times this year that everyday consumer goods were specifically targeted. The result will also apply to imported dishwashers, dryers, stoves and food waste disposals, and could translate into higher costs for American households….”
 
Are there any Trump voters here that still think he knows what he is doing?
If Trump did nothing, we would have much lower interest rates, prices would be down, and the stock market would be booming.
But Trump screws it all up and not one person in the administration can give a coherent explanation of what their plan is.
 
ChileG said:
Are there any Trump voters here that still think he knows what he is doing?
If Trump did nothing, we would have much lower interest rates, prices would be down, and the stock market would be booming.
But Trump screws it all up and not one person in the administration can give a coherent explanation of what their plan is.
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You see the stick figure on the left in your avatar? Well, that's Trump and the other poor stick figure getting poked in the eye is a Trump voter saying thank you sir, may I have another.
 
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