Tariffs Catch-All

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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.
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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.
 
heelslegup said:
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Trumpers (and their hero) all seem to believe that America is so powerful and dominant that we can literally bully and bluster and threaten and other nations - even China -will just fold and give us whatever we want. And while we're powerful, we aren't that powerful, and bullying only makes other countries even less likely to negotiate with us. Trump really does seem to believe that he can treat other countries like he did contestants on The Apprentice and that it will work just the same. They're about to all learn the hard way that "reality show" television isn't like true reality at all.
 
Mulberry Heel said:
Trumpers (and their hero) all seem to believe that America is so powerful and dominant that we can literally bully and bluster and threaten and other nations - even China -will just fold and give us whatever we want. And while we're powerful, we aren't that powerful, and bullying only makes other countries even less likely to negotiate with us. Trump really does seem to believe that he can treat other countries like he did contestants on The Apprentice and that it will work just the same. They're about to all learn the hard way that "reality show" television isn't like true reality at all.
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This is what runaway, unconditional patriotism gets you. Thanks Rush. Thanks Lee (Atwater and Greenwood).
 
ChileG said:
The two men tried to make Trump believe what they and every other single conservatives has believed their entire lives, but for some reason have to pretend for a short time that they don’t believe it because they are afraid of the lame-duck wannabe dictator manbaby.
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I can’t stand this nonsense. Goodness we are led by a complete moron.
 
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