Tariffs Catch-All

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Goldman Sachs (NYSE:GS) is sounding the alarm on an overlooked but mounting economic threat: the collapse of inbound foreign tourism. According to the latest data, international arrivals by air fell nearly 10% in March versus last year. Behind the drop? A cocktail of aggressive US tariffs, rising geopolitical tensions, and an increasingly hostile border experience. Goldman estimates the pullback in travel and foreign consumer boycotts could carve out as much as $90 billionaround 0.3% of US GDPin 2025. That would mark one of the steepest hits from travel sentiment since the pandemic rebound.
 
altmin said:

Goldman Sachs (NYSE:GS) is sounding the alarm on an overlooked but mounting economic threat: the collapse of inbound foreign tourism. According to the latest data, international arrivals by air fell nearly 10% in March versus last year. Behind the drop? A cocktail of aggressive US tariffs, rising geopolitical tensions, and an increasingly hostile border experience. Goldman estimates the pullback in travel and foreign consumer boycotts could carve out as much as $90 billionaround 0.3% of US GDPin 2025. That would mark one of the steepest hits from travel sentiment since the pandemic rebound.
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I am hoping I get some good offers from the Vegas casinos once the foreign cash cow dries up.
 
Calheel said:
I am hoping I get some good offers from the Vegas casinos once the foreign cash cow dries up.
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Hold out for a free round trip plane ticket, a comped suite, $ 1000 in chips, and a front row seat to see Wayne Newton at The Flamingo !
 
heelinhell said:
I don't know about you guys, but I'm sick and tired of these deadbeat farmers begging for bailouts. We paid billions in our tax dollars to these mooches in Trump's 1st term; I sure don't want to have them sucking on the government teat again:mad:

www.rawstory.com

Struggling farmers call for new bailout as Trump delivers new caps-heavy threat to China

Farmers across the U.S. are bracing for financial ruin from president Donald Trump's tariffs unless taxpayers bail them out.Extreme weather has already wiped out millions of dollars in crops in recent weeks, and Trump's trade war threatens to cut off markets with China and Mexico for their crops...
www.rawstory.com www.rawstory.com
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Those poor babies - they voted for Trump 1.0 and he nearly ruined many of them with his agricultural trade wars (and permanently drove some other nations to buy food from places like Brazil instead of us, which has lasted to this day) and so they started crying and moaning and Trump 1.0 offered them billions of dollars in handouts (socialism!) that constituted a majority of farmer's "profits" by the time he left office.

And did most of these farmers learn their lesson? Of course not. They voted for him again overwhelmingly in 2024, despite knowing what he had done to them the first time. At this point there is no sympathy for them at all. Republicans keep claiming to the be the party of personal responsibility, well, these folks need to face the consequences of their actions without a massive government bailout this time. But we all know that Trump 2.0 & Congressional Republicans will likely bail them out yet again, despite all their claims of wanting to cut the budget and save money and all of that crap that they clearly don't believe. And all of those Trump farmers that no doubt disdain socialism and welfare and big government and see themselves as Real American self-reliant individualists will gladly line up at the Trump trough yet again for some more taxpayer-funded goodies.
 
Calheel said:
I am hoping I get some good offers from the Vegas casinos once the foreign cash cow dries up.
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Seriously. Time to invest in Australian Cattle and look for tourism deals locally... what else other than shorting some US stocks?
 
heelinhell said:
I don't know about you guys, but I'm sick and tired of these deadbeat farmers begging for bailouts. We paid billions in our tax dollars to these mooches in Trump's 1st term; I sure don't want to have them sucking on the government teat again:mad:

www.rawstory.com

Struggling farmers call for new bailout as Trump delivers new caps-heavy threat to China

Farmers across the U.S. are bracing for financial ruin from president Donald Trump's tariffs unless taxpayers bail them out.Extreme weather has already wiped out millions of dollars in crops in recent weeks, and Trump's trade war threatens to cut off markets with China and Mexico for their crops...
www.rawstory.com www.rawstory.com
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So assuming farm aid has to be approved by Congress, then which way will Democrats vote? I am guessing they voted yes back under Trump 1.0.
 
The US was the leading producer of rare earth metals from mid-60s to mmid-80s and then ceded that to China. So we hgave beern vulnerable for 40 yeas but China kept sending even when we put export controls on things, It took Trump and his ill-orepared trade war to get China to restrict rare eaerth. DJT: Don';t strt a fight if you are not prepared,,,,,,
Completely insane of Trump to pick this fight at this time. At least wait and get a six month supply of rare earth before doing this.
China is making Trump look like a "pitiful, helpless giant." If incompetence were grounds for impeachment, this Trump trade war would be Article 1. At the moment, China is Will Smith in Independence Day and Trump is the captured alien/ "Came here acting all big and bad. Who's the man? Don;t start something....
 
nycfan said:
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“… The idea is to extract commitments from U.S. trading partners to isolate China’s economy in exchange for reductions in trade and tariff barriers imposed by the White House. U.S. officials plan to use negotiations with more than 70 nations to ask them to disallow China to ship goods through their countries, prevent Chinese firms from locating in their territories to avoid U.S. tariffs, and not absorb China’s cheap industrial goods into their economies.

… U.S. officials have broached the idea in early talks with some countries, people familiar with the discussions said. Trump himself hinted at the strategy on Tuesday, telling the Spanish-language program “Fox Noticias” he would consider making countries choose between the U.S. and China in response to a question about Panama deciding not to renew its role in the Belt and Road Initiative, China’s global infrastructure program for developing nations. …”
 
Calheel said:
I did love the Lochness Monster as a kid.
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Will always have a special place in my heart. It was the first BIG coaster I ever rode. Rode it twice this past summer for my godson's birthday. By comparison to new coasters, it's a bit of a rough ride, but I'll still ride it every time I'm there.
 
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www.theguardian.com

US begins inquiry into pharmaceutical and chip imports in bid to impose tariffs

Notices show Trump administration setting stage for levies on both sectors on national security grounds
www.theguardian.com www.theguardian.com

“… The filings scheduled to be published on Wednesday set a 21-day deadline from that date for the submission of public comment on the issue and indicate the administration intends to pursue the levies under authority granted by the Trade Expansion Act of 1962. Such inquiries need to be completed within 270 days after being announced.

The Trump administration has started 232 investigations into imports of copper and lumber, and inquiries completed in the US president’s first term formed the basis for tariffs rolled out since his return to the White House in January on steel and aluminum and on the auto industry.

The US began collecting 10% tariffs on imports on 5 April. Pharmaceuticals and semiconductors are exempt from those duties, but Trump has said they will face separate tariffs.

Trump said on Sunday he would be announcing a tariff rate on imported semiconductors over the next week, adding there would be flexibility with some companies in the sector. …”
 
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