Tariffs Catch-All

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www.irishtimes.com

EU dismisses US demands on food standards and ties to China

EU standards, particularly in relation to food health and safety, will never be part of the negotiation, ‘not with the US or anyone else', European Commission says
www.irishtimes.com www.irishtimes.com

The European Union will not agree to sweeping changes to its food safety rules to suit American farmers and nor will the bloc agree to cut ties with China as the United States wants it to do, according to senior sources in Dublin and Brussels.

This suggests that agreement between the EU and US on trade, following the imposition of tariffs by Donald Trump, will be hard to reach.

The European Commission, which is the EU’s executive arm that sets trade policy, publicly repeated that the union’s high food safety standards are not on the table in any negotiations with the US.

“EU standards, particularly as they relate to food health and safety, are sacrosanct. That’s not part of the negotiation, it never will be, not with the US or anyone else,” a commission spokesman said on Tuesday.
 
www.independent.co.uk

Starmer told to accept Trump ‘free speech’ agenda to win trade deal

‘Good chance’ of agreement, says JD Vance – but a source close to the administration says his concerns over Britain’s hate speech laws ‘are still a red line’
www.independent.co.uk www.independent.co.uk

Sir Keir Starmer must embrace Donald Trump’s agenda by repealing hate speech laws in order to get a trade deal over the line, a Washington source has told The Independent.

The warning came after the US vice-president suggested a UK-US agreement may be close, with the White House “working very hard” on it.


He told UnHerd: “I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries.”

But a senior Washington figure, who has provided advice for the administration, claimed he is “obsessed by the fall of Western civilisation” – including his view that free speech is being eroded in Britain – and that he will demand the Labour government rolls back laws against hateful comments, including abuse targeting LGBT+ groups or other minorities, as a condition of any deal.
 
heelslegup said:
Trump thinks people from Japan and Francer are screwing US by not buying F-150 trucks to bnavigate narrow streets in Tokyo and Paris.
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I spent 13 years working for the North American joint venture of a German and a Japanese company, so we had plenty of expats working in various US locations including some backwater midwestern factory towns. Among the many things that puzzled them about the US (American football, food portion sizes, etc.) they never could understand why Americans would choose to drive a pickup truck as their primary vehicle.
 
altmin said:
www.independent.co.uk

Starmer told to accept Trump ‘free speech’ agenda to win trade deal

‘Good chance’ of agreement, says JD Vance – but a source close to the administration says his concerns over Britain’s hate speech laws ‘are still a red line’
www.independent.co.uk www.independent.co.uk

Sir Keir Starmer must embrace Donald Trump’s agenda by repealing hate speech laws in order to get a trade deal over the line, a Washington source has told The Independent.

The warning came after the US vice-president suggested a UK-US agreement may be close, with the White House “working very hard” on it.


He told UnHerd: “I think there’s a good chance that, yes, we’ll come to a great agreement that’s in the best interest of both countries.”

But a senior Washington figure, who has provided advice for the administration, claimed he is “obsessed by the fall of Western civilisation” – including his view that free speech is being eroded in Britain – and that he will demand the Labour government rolls back laws against hateful comments, including abuse targeting LGBT+ groups or other minorities, as a condition of any deal.
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Nothing says "this is a national emergency!!" like holding up a trade deal while asking another country to repeal laws completely unrelated to trade.

I hope these lawsuits against tariffs punch JD Vance right in the face.
 
The only way to describe President Trump's tariff policies is "rash, reckless incompetence." His fundamental misreading of the strenths of US vs China led to the rare earth fiasco and has placed the US in some stratgic danger for the timne being. If a Democratic President had shown this level of arrogant stupidity and endangered the US similarly, people would be dehmandiningis/her resignation.
 
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www.cnbc.com

Trade war fallout: Cancellations of Chinese freight ships begin as bookings plummet

Canceled freight vessel sailings from China are up and will ripple through the supply chain as the trade war impact on the global economy intensifies.
www.cnbc.com www.cnbc.com

“… A total of 80 blank, or canceled, sailings out of China have been recorded by freight company HLS Group. It wrote in a recent note to clients that with the trade war between China and the U.S. leading to a demand plummet, carriers have started to suspend or adjust transpacific services.

…
The impact of the diminished freight container traffic to North America will be significant for many links in the economy and supply chain, including the ports and logistics companies moving the freight. If each sailing was carrying 8,000 to 10,000 TEUs (twenty-foot equivalent units), that would equal a decline in freight traffic of between 640,000-800,000 containers, and lead to decreased crane operations at the ports, lower fees that could be collected, and declines in container pick-ups and transports by trucks, rails, and to warehouses for storage.

The World Trade Organization warned on Wednesday that the outlook for global trade has "deteriorated sharply" in the wake of Trump's tariffs plan. JB Hunt shares hit their lowest level since November 2020 after commentary during the trucking company's earnings call about the uncertainty from tariffs.

…

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Why World Leaders Are Pulling Their Punches in the Trade War​

Retaliation might give countries more leverage in resolving a trade conflict, but could worsen the economic fallout​



“Avoiding a trade war is simple, say some economists: Just don’t fight back.

So far, that strategy appears to be paying off for much of the world, with President Trump pausing some of his highest across-the-board tariffs for three months. China, which has come out swinging, has found itself in an all-out trade war with the U.S.

Now, as countries negotiate with Trump, they will have to decide whether to stick with that approach or try using retaliation as leverage. The downside to retaliation is that it not only brings pain to the U.S. economy, but also to the countries that are retaliating. …”
 
nycfan said:

Why World Leaders Are Pulling Their Punches in the Trade War​

Retaliation might give countries more leverage in resolving a trade conflict, but could worsen the economic fallout​



“Avoiding a trade war is simple, say some economists: Just don’t fight back.

So far, that strategy appears to be paying off for much of the world, with President Trump pausing some of his highest across-the-board tariffs for three months. China, which has come out swinging, has found itself in an all-out trade war with the U.S.

Now, as countries negotiate with Trump, they will have to decide whether to stick with that approach or try using retaliation as leverage. The downside to retaliation is that it not only brings pain to the U.S. economy, but also to the countries that are retaliating. …”
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“… Since the U.S. is applying tariffs to virtually all other countries, it will suffer the biggest hit, other than Canada and Mexico, under most models. “For other countries, costs are diversified; for America, they are concentrated,” said Moritz Schularick, president of the Kiel Institute, a Berlin-based think tank.

… Retaliation can serve an important political objective because it shows that a country is willing to defend itself, said Ignacio García Bercero, a former EU trade official. But he said that doesn’t necessarily mean trading partners should respond in kind.

“The fact the U.S. has decided to impose a big economic cost on themselves doesn’t mean others should do the same thing,” he said.

The EU has said any retaliatory measures it pursues wouldn’t attempt to match U.S. tariffs tit-for-tat and would be targeted to maximize the impact on the U.S. and limit harm to the bloc. …”

george w bush strategy GIF
 
superrific said:
Nothing says "this is a national emergency!!" like holding up a trade deal while asking another country to repeal laws completely unrelated to trade.

I hope these lawsuits against tariffs punch JD Vance right in the face.
Click to expand...
It's absolutely astonishing. Trump is literally trying to impose his agenda on other countries by using the threat of tariffs to crash the global economy.
 
www.yahoo.com

Americans Reveal the Brutal Impact of Canadian Snowbirds Boycotting the U.S. Amid Trump’s Tariff War: ‘It’s a Challenging Period’

Weakening relations and tariffs have chilled relations between Canada and the U.S. Now, some Canadians are skipping the U.S.
www.yahoo.com www.yahoo.com

Americans who live in communities that have long played host to an influx of Canadian snowbirds during the winter months are laying bare the devastating impact the visitors’ boycott of the U.S. is having on their local economies.

For years, large groups of travelers from Canada have ventured over the border and into the U.S. in search of relief from the bitter winter weather in their home country. Many of them rent homes in places like Florida or Arizona for months at a time, while others have gone even further, snapping up a vacation properties that serve as main dwellings for half of the year.

But after President Donald Trump implemented sweeping new tariffs on a number of trade partner nations, those Canadian snowbirds began flocking away from the U.S., instead seeking out sunshine in places like Mexico—a move that has dealt a serious economic blow to the American towns and communities they once traveled to.
 

Nova Scotia has cancelled U.S. supplier agreements and contracts worth $130,600 - Halifax | Globalnews.ca

Nova Scotia says it has cancelled contracts with two American companies and has not renewed agreements with another nine U.S. suppliers in response to the trade war.
globalnews.ca globalnews.ca

Nova Scotia says it has cancelled contracts with two American companies and has not renewed agreements with another nine U.S. suppliers in response to the trade war launched by President Donald Trump.

The province says the cancelled service agreements and contracts are worth about $130,600.

Premier Tim Houston says his government continues to look for ways to cut business with American firms and find Canadian alternatives.
 
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