Tariffs Catch-All

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Why the Selloff in Treasurys is Rattling Investors​

A look at what’s driving the rise in U.S. government bond yields and what it could mean​


GIFT LINK 🎁 —> https://www.wsj.com/finance/investi...98?st=dCvcB1&reflink=mobilewebshare_permalink


“The yield on the 10-year Treasury note has risen to a recent 4.47% from 4.20% over four days, marking its sharpest increase since the depths of the 2008 financial crisis.

The decline in bond prices (the counterpart of a rise in yields) has alarmed many analysts and investors much more than the recent drop in stocks. …Normally, Treasurys rally during a sharp selloff in stocks, because the U.S. has long been the safest and easiest market to trade in, but they aren’t this time….”
 
nycfan said:

Why the Selloff in Treasurys is Rattling Investors​

A look at what’s driving the rise in U.S. government bond yields and what it could mean​


GIFT LINK 🎁 —> https://www.wsj.com/finance/investi...98?st=dCvcB1&reflink=mobilewebshare_permalink


“The yield on the 10-year Treasury note has risen to a recent 4.47% from 4.20% over four days, marking its sharpest increase since the depths of the 2008 financial crisis.

The decline in bond prices (the counterpart of a rise in yields) has alarmed many analysts and investors much more than the recent drop in stocks. …”
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thepointsguy.com

Nearly 200,000 fewer Europeans flew to the US in March, new data shows - The Points Guy

Europeans are joining the increasingly global cohort of travelers opting not to take trips to the U.S.
thepointsguy.com thepointsguy.com

Europeans are joining the increasingly global cohort of travelers opting not to take trips to the U.S.

Roughly 178,000 fewer Western Europeans arrived in the U.S. by air in March compared to last year, new data from the U.S. International Trade Administration shows. That represents a 17.4% drop to 846,577 travelers.

Visitors to the U.S. from France, Germany and the U.K. — the three largest European origin countries for U.S.-bound travelers — fell 5%, 29% and 15%, respectively.
 
nycfan said:
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“… Trump announced the countries now subject to tariffs in a Wednesday press conference, using a poster as a prop. Additional countries—including the Heard and McDonald Islands, which are, incidentally, not countries—were listed on sheets of paper distributed to reporters.

One of the sheets claims that the Heard and McDonald Islands currently charge a “Tariff to the U.S.A.” of 10 percent, clarifying in tiny letters that this includes "currency manipulation and trade barriers." In return, the sheet says that the US will charge "discounted reciprocal tariffs" on the islands at a rate of 10 percent.

… The Australian Antarctic Division claims that the area occasionally receives ships involved in scientific research, commercial fishing, and tourism.“
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www.politico.eu

EU targets Trump’s red states with tariffs on US trucks, cigarettes and ice cream

European trade officials sure know how to have fun.
www.politico.eu www.politico.eu
The EU’s response to U.S. President Donald Trump’s decision to impose so-called reciprocal tariffs on all of America’s trading partners may be less aggressive than expected, but it does show some creativity in its bid to hit the U.S. where it will hurt the most.

According to an internal document seen by POLITICO, the Commission is considering slapping tariffs of up to 25 percent on a broad range of exports from the U.S. worth around €22.1 billion based on the EU’s 2024 imports.

The list features run-of-the-mill agricultural and industrial commodities such as soybeans, meat, tobacco, iron, steel and aluminum — to hit the American sectors that rely most on transatlantic exports.

Dig deeper, and it turns out the EU’s trade nerds have stirred some unaccustomed creativity into their expert knowledge of obscure customs codes, while channeling a helping of passive aggression to inflict pain on Trump’s base.

EU countries are set to vote on the new duties on Wednesday, with no major opposition expected.

Once they’ve approved the list (which is technically made up of multiple lists), the first set of tariffs on goods such as cranberries or orange juice, which the EU initially imposed in 2018 during the first Trump presidency but suspended in 2021, will take effect on April 15.

A 25 percent duty will then kick in from May 16 on a second batch of imported items such as steel, meat, white chocolate and polyethylene. Finally, a 25 percent duty on almonds and soybeans will take effect Dec. 1. (Leave it to the Commission to build some suspense.)

Overall, EU duties are set to hit up to $13.5 billion worth of exports from red states, according to POLITICO's analysis of 2024 trade data.

Let’s start with the EU’s No. 1 target — soybeans, the most valuable item on the bloc’s hit list, a product whose economic and symbolic significance for the Republican Party's heartlands cannot be overstated.

...

The EU is also targeting beef from Kansas and Nebraska, poultry from Louisiana, car parts from Michigan, cigarettes from Florida, and wood products from North Carolina, Georgia and Alabama.

While the Commission ended up dropping whiskey from the final draft after successful lobbying from France, Italy and Ireland, it did include other more niche items designed to cause the greatest pain to exporters in Republican states.

These include (but are not limited to) ice cream from Arizona, handkerchiefs from South Carolina, electric blankets from Alabama, ties and bow ties from Florida (unless they’re made of silk, which Democratic California will be more than happy to provide), and washing machines from Wisconsin.

Pasta from Florida and South Carolina will also face some tariff heat, though Italy will likely be delighted to fill the market gap.
 
www.theverge.com

Razer pauses direct laptop sales in the US as new tariffs loom

You can’t even buy its new laptop stand.
www.theverge.com www.theverge.com

Razer’s upcoming Blade 16 and other laptops are no longer available for preorder or purchase on its US site. The configurator for preordering its new Blade 16 laptop was available as recently as April 1st, according to the Internet Archive — one day before the Trump administration announced sweeping US tariffs on China, Taiwan, and others that make laptop components. When asked recently if tariffs might affect Razer’s prices or availability, its Public Relations Manager, Andy Johnston, told The Verge, “We do not have a comment at this stage regarding tariffs.”
 
altmin said:
www.politico.eu

EU targets Trump’s red states with tariffs on US trucks, cigarettes and ice cream

European trade officials sure know how to have fun.
www.politico.eu www.politico.eu
The EU’s response to U.S. President Donald Trump’s decision to impose so-called reciprocal tariffs on all of America’s trading partners may be less aggressive than expected, but it does show some creativity in its bid to hit the U.S. where it will hurt the most.

According to an internal document seen by POLITICO, the Commission is considering slapping tariffs of up to 25 percent on a broad range of exports from the U.S. worth around €22.1 billion based on the EU’s 2024 imports.

The list features run-of-the-mill agricultural and industrial commodities such as soybeans, meat, tobacco, iron, steel and aluminum — to hit the American sectors that rely most on transatlantic exports.

Dig deeper, and it turns out the EU’s trade nerds have stirred some unaccustomed creativity into their expert knowledge of obscure customs codes, while channeling a helping of passive aggression to inflict pain on Trump’s base.

EU countries are set to vote on the new duties on Wednesday, with no major opposition expected.

Once they’ve approved the list (which is technically made up of multiple lists), the first set of tariffs on goods such as cranberries or orange juice, which the EU initially imposed in 2018 during the first Trump presidency but suspended in 2021, will take effect on April 15.

A 25 percent duty will then kick in from May 16 on a second batch of imported items such as steel, meat, white chocolate and polyethylene. Finally, a 25 percent duty on almonds and soybeans will take effect Dec. 1. (Leave it to the Commission to build some suspense.)

Overall, EU duties are set to hit up to $13.5 billion worth of exports from red states, according to POLITICO's analysis of 2024 trade data.

Let’s start with the EU’s No. 1 target — soybeans, the most valuable item on the bloc’s hit list, a product whose economic and symbolic significance for the Republican Party's heartlands cannot be overstated.

...

The EU is also targeting beef from Kansas and Nebraska, poultry from Louisiana, car parts from Michigan, cigarettes from Florida, and wood products from North Carolina, Georgia and Alabama.

While the Commission ended up dropping whiskey from the final draft after successful lobbying from France, Italy and Ireland, it did include other more niche items designed to cause the greatest pain to exporters in Republican states.

These include (but are not limited to) ice cream from Arizona, handkerchiefs from South Carolina, electric blankets from Alabama, ties and bow ties from Florida (unless they’re made of silk, which Democratic California will be more than happy to provide), and washing machines from Wisconsin.

Pasta from Florida and South Carolina will also face some tariff heat, though Italy will likely be delighted to fill the market gap.
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Cigarettes from Florida?

Ummm….
 
I understand that the stock market doesn't necessarily always reflect the true state of the economy (what most people experience on a daily basis), but every time the market tanks and a recession ensues...main street suffers immensely. This idea that they are doing this for Main St is competely ridiculous. The goal with tariffs is to cut income and capital gains tax rates, nothing else. Just pass on the tariffs to consumers, no biggie, right.
 

Grassley says Congress ‘delegated too much authority to the president’ on trade​

Sen. Chuck Grassley (R-Iowa), who co-sponsored bipartisan legislation to limit President Trump’s trade authority, said Tuesday that he thinks Congress has “delegated too much authority to the president.”

“I made very clear throughout my public service that I’m a free and fair trader. The Constitution gives Congress the authority to regulate interstate and foreign commerce. I believe that Congress delegated too much authority to the president in the Trade Expansion Act of 1962 and Trade Act of 1974,” Grassley said.

 
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