Tariffs Catch-All

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“… we should lower interest rates the Fed, I hope they lower interest rates that’s the smart thing to do … though already it's a little bit late … I can’t think of one country that doesn’t want to negotiate a deal annnd they’re either going to negotiate a deal or we set a deal that we think is fair …”
 
I probably tout The Daily too much on here but today's episode is an interview with a thoroughly delightful Iowa farmer about the impact of Trump's trade war on all she's worked so hard to build. Just in case anyone is looking for something to listen to on the drive home, this one is well worth it --

www.nytimes.com

What an Iowa Farmer Fears About the Trade War

Michael Barbaro speaks with a soybean grower about what President Trump’s tariffs mean for her and other American farmers.
www.nytimes.com www.nytimes.com
 
nycfan said:


“… we should lower interest rates the Fed, I hope they lower interest rates that’s the smart thing to do … though already it's a little bit late … I can’t think of one country that doesn’t want to negotiate a deal annnd they’re either going to negotiate a deal or we set a deal that we think is fair …”
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How do you even describe him and his speech?

How do we get ahead when we are already behind?

Set a deal? Is that actually a deal if it's one sided?
 
I had three contractors come out today to give quotes.

All three made comments about the prices going up.

One said that the equipment manufacturer (HVAC) was clearly marking it on the invoice. It had Price, tax, tariff, total.

I'm happy to see that they are making it clear, so everyone can see what they vote got them.

He also said that the new HVAC refrigerant is made in China, and they are not shipping it, causing other supply chain and service issues.
 
nycfan said:
“… and they either negotiate a deal or we set a deal that we think is fair. Because we don’t have to go through all of these [brief pause - accordion hands] it would be physically impossible you know you have so many people that really understand it which is a very small group of people here annnd we are at some point just going to set prices for deals uhhh some will be tariffed some treated us very unfairly they will be tariffed higher than others but we’ve been ripped off for many many years …”
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He’s like the dumbest kid in remedial English class giving a presentation.
 
www.theguardian.com

UK politics: Reform UK on course to win in two mayoral contests – as it happened

Polling predicts victory for party in Greater Lincolnshire and Hull/East Yorkshire with the Greens possibly taking West of England
www.theguardian.com www.theguardian.com

Rachel Reeves, the chancellor (British Treasury Sec.), has said the UK’s trading relationship with the EU is “arguably even more important” than its relationship with the US. She made this comment in a BBC interview from Washington, where today she is meeting her US counterpart, Scott Bessant. Reeves told Faisal Islam:

I understand why there’s so much focus on our trading relationship with the US but actually our trading relationship with Europe is arguably even more important, because they’re our nearest neighbours and trading partners.

Obviously I’ve been meeting Scott Bessent this week whilst I’m in Washington, but I’ve also this week met the French, the German, the Spanish, the Polish, the Swedish, the Finnish finance ministers - because it is so important that we rebuild those trading relationships with our nearest neighbours in Europe, and we’re going to do that in a way that is good for British jobs and British consumers.
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www.carscoops.com

Canadian Dealers Want To Blow Up Border Rules And Import Cool Cars Americans Can’t Buy | Carscoops

If dealers get their way, Canada could gain access to a lot more cars from global markets
www.carscoops.com www.carscoops.com

Canadians may soon find themselves shelling out more for new vehicles, and they have tariffs from Donald Trump to thank for it. The ripple effects of U.S. trade policies are about to wash over the auto market, and now the Canadian Automotive Dealers Association (CADA) is floating some bold, if unconventional, ideas to soften the blow.


Chief among them? Changing the rules of the game altogether by opening the doors to cars from Europe, Japan, and Korea, vehicles currently locked out by Canada’s alignment with U.S. regulations. That kind of move could not only reshape the Canadian car market but also throw a wrench into Trump’s tariff strategy.

At present, Canada’s vehicle safety and environmental standards are tightly synced with those of the United States. This regulatory mirroring makes sense for streamlining trade and manufacturing, but it comes with a big downside: it blocks the import of vehicles built to different standards, even if those cars are otherwise road-ready in markets like the EU or Japan. In practice, if a car isn’t designed for the American market, Canadians probably won’t see it on local lots.

...

Essentially, Canada would open up its ability to import cars that Americans can’t. Rather than pay tariffs on American vehicles, it would leverage its free trade agreements with other nations and could sidestep American cars.
 

China canceled 12,000 metric tons of United States pork shipments amid a high-stakes trade standoff between the superpowers, according to data released Thursday.

China, one of the biggest U.S. trading partners, axed 12,000 metric tons of U.S. pork orders, the data from the U.S. Department of Agriculture (USDA) shows.

The move represents the biggest cancellation of pork orders since the COVID-19 pandemic disrupted supply chains and stalled economies around the world, Bloomberg News reported.

China, behind Mexico and Japan, was the U.S.’s third-biggest market for pork in 2024, importing some 475,000 metric tons valued at more than $1.1 billion.

China is the world’s biggest producer of pork, accounting for nearly 50 percent of global supply at around 57 million metric tons, according to the USDA. The U.S. was ranked third at 11 percent with 12 million metric tons.
 
altmin said:

China canceled 12,000 metric tons of United States pork shipments amid a high-stakes trade standoff between the superpowers, according to data released Thursday.

China, one of the biggest U.S. trading partners, axed 12,000 metric tons of U.S. pork orders, the data from the U.S. Department of Agriculture (USDA) shows.

The move represents the biggest cancellation of pork orders since the COVID-19 pandemic disrupted supply chains and stalled economies around the world, Bloomberg News reported.

China, behind Mexico and Japan, was the U.S.’s third-biggest market for pork in 2024, importing some 475,000 metric tons valued at more than $1.1 billion.

China is the world’s biggest producer of pork, accounting for nearly 50 percent of global supply at around 57 million metric tons, according to the USDA. The U.S. was ranked third at 11 percent with 12 million metric tons.
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That’s okay. We can just give the pork farmers some of that sweet, sweet bailout money that they love so much (as long as it is Trump bucks).
 
ChileG said:
That’s okay. We can just give the pork farmers some of that sweet, sweet bailout money that they love so much (as long as it is Trump bucks).
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Farmer bailouts are given to make the farmers whole after already being paid for not growing crops which is good.

food stamps, Medicaid, and ACA health insurance subsidies are wasted dollars spent on welfare which is bad.

See the difference ?
 
ChileG said:
That’s okay. We can just give the pork farmers some of that sweet, sweet bailout money that they love so much (as long as it is Trump bucks).
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No we should not. Remember according to trumpism that socialism and will not be accepted.
 
HintonJamesHeel said:
nothing he says makes sense. I actually think he’s trending Biden. He doesn’t even know what he’s saying.
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He has been a liar and distorter of fact his whole life which takes tremendous amounts of creativity. And this response from Trump took creativity to come up with even thou its totally whacko. But he's always used whacko from time to time as a fall back to get himself out of jamming questions. So to me, this is still normal Trump. Which is still..........WTF.
 
ChileG said:
That’s okay. We can just give the pork farmers some of that sweet, sweet bailout money that they love so much (as long as it is Trump bucks).
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Most of today's American pork farmers are almost always big operations with huge amounts of money invested. So Trump will be totally ok with handing out corporate welfare to them..
 
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