Tariffs Catch-All

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Kraftyheel89 said:
Exactly, and the so called "Mr. Wonderful" was the biggest one of all. He always said all he cares about is money and the bottom line, "you have to source from China."

Now, Kevin O'Leary is all over CNBC and other networks supporting Trump and saying we should have 400% tariffs on China.
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Mr. Wonderful has sucked any joy out of watching both Shark Tank and CNBC.
 
nycfan said:
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“… Monday’s lawsuit challenges Trump’s power to enforce the tariffs. To justify the massive charges, Trump invoked the International Emergency Economic Powers Act (IEEPA), a 1997 law that allows the president to impose economic sanctions to combat an “unusual and extraordinary threat.”

Trump is the very first president to use the IEEPA to impose tariffs.

“Our system is not set up so that one person in the system can have the power to impose taxes across the world economy. That’s not how our constitutional republic works,” Jeffrey Schwab, senior counsel at Liberty Justice Center, which is leading the lawsuit, told The Hill.

He added: “That is the thing we’re very concerned about. Because today it’s tariffs, but could it be something else in the future.”

… They also find major issues with Trump’s justification for using the IEEPA. “His claimed emergency is a figment of his own imagination: trade deficits, which have persisted for decades without causing economic harm, are not an emergency,” the complaint reads. “Nor do these trade deficits constitute an ‘unusual and extraordinary threat.‘”

…
There are five angry plaintiffs. First, a New York liquor business, which imports spirits from six continents. Next, a Utah manufacturer of plastic services, which brings in materials from Asia. There’s also a Virginia musical instrument company, a Pennsylvania fishing gear business, and a Vermont women’s cycling apparel store, all of which source different items or materials from abroad.

The Liberty Justice Center regularly represents conservative causes and filed the lawsuit in partnership with Ilya Somin, a law professor at George Mason’s law school. The suit was filed in the U.S. Court of International Trade.…”
 
Kraftyheel89 said:
Exactly, and the so called "Mr. Wonderful" was the biggest one of all. He always said all he cares about is money and the bottom line, "you have to source from China."

Now, Kevin O'Leary is all over CNBC and other networks supporting Trump and saying we should have 400% tariffs on China.
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If you follow him, he's not that great a guy. Rich doesn't mean good or character. There are so many examples.

He really pushed crypto and Sam Bankman-Fried.
 
UNCatTech said:
I still like Shark Tank, but not him.

With Cuban leaving, we'll see...
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He's an opportunist looking to gain something for pushing tariffs. Reminds me of the mypillow guy who saw an opportunity to go after MAGA pillow sales, or Musk who knew his own business wasn't fundamentally sound. None of their opinions can be trusted.
 
nycfan said:
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Trump doesn't have a plan, he never has any plans. I'm sure that many of the people around him do - like the authors of Project 2025 - but Trump himself is incapable of long-term planning about anything, and always has been. He acts on impulse and whims and petty vindictiveness and personal revenge and whatever else is crossing his childish mind at that moment. Which accounts for why his tariff policies have been all over the place, although shrewder people around him are likely trying to influence him to do what they want him to.
 
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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superrific said:
If tariffs were so great, why don't states and localities in the US apply them to each other? If tariffs were so great, why do the richest countries have the lowest tariffs?
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Texas has a trade deficit on almonds with California! Tariff their a$$es!!
 
Mulberry Heel said:
Trump doesn't have a plan, he never has any plans. I'm sure that many of the people around him do - like the authors of Project 2025 - but Trump himself is incapable of long-term planning about anything, and always has been. He acts on impulse and whims and petty vindictiveness and personal revenge and whatever else is crossing his childish mind at that moment. Which accounts for why his tariff policies have been all over the place, although shrewder people around him are likely trying to influence him to do what they want him to.
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There is NO PLAN

There is NO BOTTOM.

He's a nihilist's nihilist.
 
onemileatatime.com

China Bans Boeing Aircraft Deliveries, As Trade War Escalates

The government of China has banned domestic airlines from taking delivery of Boeing aircraft. This has major implications for the industry.
onemileatatime.com onemileatatime.com

Bloomberg reports that the Chinese government has told its domestic airlines to stop taking delivery of aircraft from American aerospace giant Boeing, as tensions between Washington and Beijing continue to escalate.

We’ve seen President Trump impose tariffs of up to 145% on China, while President Xi has responded with tariffs of up to 125% on US imports, arguing that any further tariff hikes would just be pointless.

As part of this ongoing dispute, China has outright told its airlines to no longer take delivery of any Boeing aircraft, period. Furthermore, the government has told airlines to stop purchasing aircraft related equipment and parts from US companies. The Chinese government is reportedly considering helping airlines that lease Boeing jets and are facing higher costs.
 
should also be on the FAFO thread, red states.

www.abc.net.au

Australian exports surge into gap as US–China tariffs beef heats up

Australian grain-fed beef exports to China are surging as the trade war with the US escalates, but some are warning of a bigger, more worrying picture.
www.abc.net.au www.abc.net.au

About 300 abattoirs in the United States still have not had their export licences renewed to export beef to China — and it seems Australia is filling the gap.

Before Donald Trump's "Liberation Day" tariff hikes, American beef exporters were already facing problems with their third-largest market.

According to the US Meat Export Federation, American pork and poultry plants had their export registrations with China renewed on March 16, but China "had still not renewed the eligibility of any US beef establishments".

"The majority of US beef production is now ineligible for China," it said.

"This impasse definitely hit our March beef shipments harder and the severe impact will continue until China lives up to its commitments under the Phase One Economic and Trade Agreement."

While some US beef has trickled into China in the past few weeks, ABC Landline has been told the trade has now ground to a halt — especially after China announced retaliation tariffs.

In 2024, the United States exported $US1.6 billion ($A2.57 billion) worth of beef to China, making it the third-largest export destination.
 
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