Tariffs Catch-All

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www.nytimes.com

China Halts Critical Rare Earth Exports as Trade War Intensifies

Beijing has suspended exports of certain rare earth minerals and magnets that are crucial for the world’s car, semiconductor and aerospace industries.
www.nytimes.com www.nytimes.com

“China has suspended exports of a wide range of critical minerals and magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.

Shipments of the magnets, essential for assembling everything from cars and drones to robots and missiles, have been halted at many Chinese ports while the Chinese government drafts a new regulatory system. Once in place, the new system could permanently prevent supplies from reaching certain companies, including American military contractors.

… On April 4, the Chinese government ordered restrictions on the export of six heavy rare earth metals, which are refined entirely in China, as well as rare earth magnets, 90 percent of which are produced in China. The metals, and special magnets made with them, can now be shipped out of China only with special export licenses.

But China has barely started setting up a system for issuing the licenses.

… If factories in Detroit and elsewhere run out of powerful rare earth magnets, that could prevent them from assembling cars and other products with electric motors that require these magnets. Companies vary widely in the size of their emergency stockpiles for such contingencies, so the timing of production disruptions is hard to predict. …”
 
MendotoManteo said:
Wasn't meant to be sexy. You okay?
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Of course not. The joke is the absurdity. It's a message board variant of a movie scene where a person uses a phrase completely out of context to absurd and hopefully hilarious results. I guess I bombed on the hilarity.
 
HintonJamesHeel said:
The Chinese can go pound sand. F them.

The issue is everyone else is laughing at us and will have no confidence in the US and be forced to join forces with China.
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China and EU will be each other's market. And we're screwed. Ergo, laughing at us. They've been doing transactional for 1000s of years.
 
superrific said:
Of course not. The joke is the absurdity. It's a message board variant of a movie scene where a person uses a phrase completely out of context to absurd and hopefully hilarious results. I guess I bombed on the hilarity.
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You did. Lol. We're good, Super. I appreciate you.

By the way, regarding convo we had way back concerning Coens, I finally watched Blood Simple for first time. Pretty good. I intend on Miller's Crossing and The Hudsucker Proxy next. I had no real familiarity with their early films other than Raising Arizona, which inspired my letter I wrote to my wife on the day we finally decided it was over.
 


“…Lutnick said tariffs on semiconductors will be decided through an industry-specific tariff model and imposed via Section 232, which governs national security-related tariffs and requires a lengthy process for study and comment.

The Trump administration has previously cited 232 as a potential avenue for semiconductor tariffs. But the latest messaging twist could cause further whiplash for the tech sector, which had breathed a sigh of relief after the tech exemption was announced, hoping that semiconductors might remain somewhat unscathed from Trump’s trade war.

… The Trump administration will establish an industry-specific tariff model for goods such as semiconductors and pharmaceuticals to encourage companies to re-shore manufacturing for these products in the United States, he explained. …

… National Economic Council Director Kevin Hassett, speaking on CNN’s “State of the Union,”said the tariff investigation into semiconductors has to do with broader concerns about whether U.S. dependence on Chinese-made imports could become a problem in a war between the two nations.

… But compared to typical Section 232 investigations into critical materials, the process on China is “very, very nascent, if at all,” Hassett said. …
 
nycfan said:
… But compared to typical Section 232 investigations into critical materials, the process on China is “very, very nascent, if at all,” Hassett said. …
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So Lutnick was bullshitting. Isn't he like Trump's only actual friend in the world? I wonder who Trump will ask to fire him. Is Meat Loaf still available?
 
1moretimeagain said:
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Manufacturing: someone's American Dream, just not mine

In fairness, the first question asked if American would be better off if MORE people worked in manufacturing.' Then 25% said they would be better off if they worked in a factory (vs. the 2% those who currently do). And well, 25% is a lot more than 2%.
 
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superrific said:
So Lutnick was bullshitting. Isn't he like Trump's only actual friend in the world? I wonder who Trump will ask to fire him. Is Meat Loaf still available?
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I think meat loaf died from covid. At the very least he died during covid
 
1moretimeagain said:
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Yet another of the "good for thee, but not for me" line of thinking that is so prevalent among Trumpers. They're all for gutting government services as long as it doesn't affect them. They're all for a trade war as long as it won't affect them. They hate seeing minorities or people they don't like getting welfare or government "handouts", but as farmers who voted for Trump have already proven in his last term, they're perfectly happy to accept such goodies themselves.
 
Mulberry Heel said:
Yet another of the "good for thee, but not for me" line of thinking that is so prevalent among Trumpers. They're all for gutting government services as long as it doesn't affect them. They're all for a trade war as long as it won't affect them. They hate seeing minorities or people they don't like getting welfare or government "handouts", but as farmers who voted for Trump have already proven in his last term, they're perfectly happy to accept such goodies themselves.
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I don't think this data implies what you think it does. I would answer 'agree' to the first statement, and 'disagree' to the second statement. Only 2% of Americans work in manufacturing now, but 25% of Americans would prefer to work in manufacturing. That's a big difference. These 25% might now work in lower paying service-sector jobs. As for me, I like my current job so don't want to work at a factory, but 25% Americans who aren't currently working in manufacturing would like to work in manufacturing.
 
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Bobfripp said:
I don't think this data implies what you think it does. I would answer 'agree' to the first statement, and 'disagree' to the second statement. Only 2% of Americans work in manufacturing now, but 25% of Americans would prefer to work in manufacturing. That's a big difference. These 25% might now work in lower paying service-sector jobs. As for me, I like my current job so don't want to work at a factory, but 25% Americans who aren't currently working in manufacturing would like to work in manufacturing.
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Agreed. The two aren’t contradictory at all despite appearing so on first glance.
 
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