Tariffs Catch-All

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“… During the first Trump administration, there was a formal process for seeking an exemption from tariffs. Companies submitted hundreds of thousands of applications making the case for why their products should be spared. The applications were public, so the machinery of the tariff crafting process could be more closely examined. Such transparency allowed academics to subsequently analyze thousands of the applications and determine that political donors to Republicans were more likely to be granted exemptions.

In Trump’s second term, at least thus far, there has not been a formal application process for tariff carve-outs. Industry executives and lobbyists are making their case behind closed doors. The Wall Street Journal’s editorial board last week called “the opacity of the process” for getting an exemption “the Beltway Swamp’s dream.”

In the executive order formalizing Trump’s new tariffs, including baseline 10% tariffs for almost all countries, exemptions were broadly defined as products in the pharmaceutical, semiconductor, lumber, copper, critical minerals and energy sectors. An accompanying list detailed the specific products that would be spared.

But a ProPublica review of that list found many items that don’t fit neatly, or at all, in those broad categories, and some items that fall squarely within the categories were not spared.

The White House exclusions list, for example, included most types of asbestos, which is not generally considered a critical mineral and doesn’t seem to fit in any of the exempted categories.

The cancer-causing mineral, which is not generally considered critical to national security or the U.S. economy, is still used to make chlorine, but the Biden administration’s Environmental Protection Agency banned imports of the material last year. The Trump administration has signaled it may roll back some of those Biden-era restrictions. …”
 




She also said the Trump administration is currently reviewing 18 trade proposals and Trump’s trade team is meeting with 34 countries this week.
 
Why would the market rally on Bessent saying that he posits a de-escalation? He's saying, this can't rationally continue. That sort of thing is not really a predictor of Trump's behavior. This couldn't have rationally gotten to where we are and yet.
 

A U.S.-owned company has announced it will spend $7 million expanding its operations in Sudbury.

Jennmar Canada is relocating equipment from its U.S. operations, purchasing new equipment and plans to expand its facility to bring additional manufacturing capabilities to Ontario.
 
A U.S.-owned company has announced it will spend $7 million expanding its operations in Sudbury.

Jennmar Canada is relocating equipment from its U.S. operations, purchasing new equipment and plans to expand its facility to bring additional manufacturing capabilities to Ontario.
This makes me happy in a weird, perverse way. Somebody should ask Trump why there are so many businesses leaving America after the tariffs.
 

A record number of oil cargos set off from Vancouver Port in March thanks to the expansion of the Trans Mountain pipeline, the Vancouver Sun reported, citing data showing that as many as 30 tankers loaded with crude left the port last month.

This is up from an average of two per month before the Trans Mountain expansion and a high of 25 in the fall of 2024, after the expanded pipeline began operation in the spring of last year.

"After the Trans Mountain Expansion (TMX) was put in service on May 1, 2024, tankers were loaded at a rate of about 20 per month. The rate suddenly increased to 30 for March 2025," retired physics professor David Huntley who tracks tankers at the Vancouver Port, told the publication.

Vortexa data confirms the trend, with the energy analytics provider reporting that Chinese buyers took in a record-high 7.3 million barrels of Canadian oil and are going to take in even more this month. The scale swing happens as Chinese energy traders wind down U.S. oil purchases amid the tariff spat, which also saw Chinese imports of U.S. liquefied natural gas drop to zero in March.

The Vancouver Sun reported Chinese imports of U.S. crude had dropped to some 3 million barrels in March from an all-time high of 29 million barrels in June 2024. It bears nothing that the U.S. was never among the top suppliers of China with crude oil-the top positions are occupied by Middle Eastern producers plus Russia.
 
“… During the first Trump administration, there was a formal process for seeking an exemption from tariffs. Companies submitted hundreds of thousands of applications making the case for why their products should be spared. The applications were public, so the machinery of the tariff crafting process could be more closely examined. Such transparency allowed academics to subsequently analyze thousands of the applications and determine that political donors to Republicans were more likely to be granted exemptions.

In Trump’s second term, at least thus far, there has not been a formal application process for tariff carve-outs. Industry executives and lobbyists are making their case behind closed doors. The Wall Street Journal’s editorial board last week called “the opacity of the process” for getting an exemption “the Beltway Swamp’s dream.”

In the executive order formalizing Trump’s new tariffs, including baseline 10% tariffs for almost all countries, exemptions were broadly defined as products in the pharmaceutical, semiconductor, lumber, copper, critical minerals and energy sectors. An accompanying list detailed the specific products that would be spared.

But a ProPublica review of that list found many items that don’t fit neatly, or at all, in those broad categories, and some items that fall squarely within the categories were not spared.

The White House exclusions list, for example, included most types of asbestos, which is not generally considered a critical mineral and doesn’t seem to fit in any of the exempted categories.

The cancer-causing mineral, which is not generally considered critical to national security or the U.S. economy, is still used to make chlorine, but the Biden administration’s Environmental Protection Agency banned imports of the material last year. The Trump administration has signaled it may roll back some of those Biden-era restrictions. …”
It's trump, it's corrupt incompetence.
 
This makes me happy in a weird, perverse way. Somebody should ask Trump why there are so many businesses leaving America after the tariffs.
Someone should hog tie the stupid muther fucker and gag him and force him to listen to an economics lesson on tariffs.

People with little economic knowledge can understand the fallacy of tariffs as a solution, the stable genius great business man should be able to pick up on it.
 
I recieved two emails today from suppliers explaining their upcoming price increases.

One stated that all products from China would have a temporary 94% surcharge.
 
It’s quickly looking like Grandpa’s mood swings are the plan.


normal,

High, bunch of words, fentanyl, bunch of words, China ripping us off, bunch of words.

Same old pattern. Use the phrases and just connect it will a bunch of words.

What did he call it during the campaign, the weave?
 
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