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And the biggest one in NC is owned by Chiner Do they get a check?
Tariffs Catch-All
- Thread starter BubbaOtis
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superrific
Legend of ZZL
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I was wondering about that. I couldn't remember if that deal actually went through or got blocked.
One of the reasons China was interested in buying the pork producer was specifically to avoid vulnerability in a trade war.
China has been executing its industrial policies at a very high level for two decades. That's why China has the most dynamic economy in the world right now. Think about what it's been achieving despite the legacy from the 20th century. People talk about China's demographics -- well, again, that's a problem mostly inherited from the old, pre-Deng past. It does have an advantage in terms of its population; that's its natural resource.
I don't think a centralized economy is the way for most countries to go. That would be true even if we push other concerns -- i.e. lack of freedom, corruption, authoritarianism -- to the side. But the centralized economy works for China. We should have been paying attention to industrial policy for the past decades but the problem is the GOP keeps fucking it up. Not the only problem, but a big one.
When people talk about the Rust Belt and the decline of American manufacturing, etc. they often cast it as a trade issue. NAFTA is the villain in that story. The WTO is the villain in that story. But trade isn't the issue. It was the lack of industrial policy that had more of an effect. And the fact that our Senate is fucked up and makes it very hard to build the type of huge industrial campus that China has so many of.
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Reading about China’s process for driving manufacturing their advanced are impressive.
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Subaru to make cars for the Canadian market in Japan, rather than the US.
President Donald Trump's tariffs just cost America a chunk of Canadian business.
Subaru, which sold 68,043 cars in Canada in 2024, is reshuffling its supply chain in response to escalating car trade scuffles.
The company sold over 17,700 American-built vehicles in Canada last year, making up 26 percent of its 2024 sales.
But the Japanese automaker’s Canadian division will slash US imports to just 10 percent by the 2026 model year, representing thousands of cars and millions of dollars lost.
The biggest impact will be on the American-built Outback. The popular car will no longer ship north after 2026.
Instead, it will feature a 'made in Japan' badge.
Subaru Canada's CEO, Tomohiro Kubota, said the move will 'minimize the impact of the counter surtax,' according to Automotive News Canada.
For Subaru, it’s cheaper to build and ship cars out of Japan than deal with the political whiplash of US trade policy.
President Donald Trump's tariffs just cost America a chunk of Canadian business.
Subaru, which sold 68,043 cars in Canada in 2024, is reshuffling its supply chain in response to escalating car trade scuffles.
The company sold over 17,700 American-built vehicles in Canada last year, making up 26 percent of its 2024 sales.
But the Japanese automaker’s Canadian division will slash US imports to just 10 percent by the 2026 model year, representing thousands of cars and millions of dollars lost.
The biggest impact will be on the American-built Outback. The popular car will no longer ship north after 2026.
Instead, it will feature a 'made in Japan' badge.
Subaru Canada's CEO, Tomohiro Kubota, said the move will 'minimize the impact of the counter surtax,' according to Automotive News Canada.
For Subaru, it’s cheaper to build and ship cars out of Japan than deal with the political whiplash of US trade policy.
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- 2,325
Posthaste: Canadian travel boycott hits American economy in realtime Fed snapshot
Federal Reserve Beige Book chronicles drop in tourism from Canada across diverse U.S. regions
ca.finance.yahoo.com
Canadians’ ongoing boycott of travelling to the United States is showing up in the U.S. Federal Reserve‘s real-time snapshot of the American economy, which one economist called a “really big deal.”
The Fed’s Beige Book, released on Wednesday, includes reports from cities across the U.S. that say Canadian travel has noticeably fallen off in many regions across the country.
“I’ve been doing this for 40 years, and it’s the first time I’ve ever seen a Beige Book replete with so many comments about not just a Canadian boycott, but an international boycott against travel to the United States,” David Rosenberg, founder of Rosenberg Research & Associates Inc., said.
The Beige Book, which he called “the most comprehensive qualitative analysis on the U.S. economy,” provides a snapshot of the 12 Fed districts. The information is anecdotal, gathered from businesses and community leaders, and provides a way to keep an eye on the economy from the ground up. It also provides insights into emerging trends ahead of incoming data that can be backward-looking.
“Both leisure and business travel were down, on balance, and several districts noted a decline in international visitors,” the Beige Book’s national summary said.
Tourism operators in nine of the districts reported a noticeable decline in travel by Canadians.
“Travel from Canada declined noticeably, and contacts feared that summer travel from Europe and China could suffer as well because of negative reactions to U.S. tariff policies,” the Federal Reserve Bank of Boston said. “More broadly, tourism contacts expressed concerns that declining consumer confidence could hurt leisure spending.”
The Federal Reserve Bank of Minneapolis said: “Tourism contacts also reported declines in Canadian travellers and related spending; a North Dakota retailer saw a ‘deep impact’ starting in mid-February, pushing first-quarter revenues down seven percent.”
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Trump Administration Lays Out Roadmap to Streamline Tariff Talks
Officials have drafted a framework for staggered reciprocal trade negotiations
—> https://www.wsj.com/politics/policy...a1?st=7YCh3o&reflink=mobilewebshare_permalink“…In an attempt to streamline talks over President Trump’s so-called reciprocal tariffs, officials plan to use a framework prepared by the U.S. Trade Representative’s office that lays out broad categories for negotiation: tariffs and quotas; non-tariff barriers to trade, such as regulations on U.S. goods; digital trade; rules of origin for products; and economic security and other commercial issues, according to people familiar with a draft document outlining the negotiating terms.
Within those categories, U.S. officials would spell out demands for individual nations, people familiar with the matter said, emphasizing that the document could change as the administration gets more input.
… The U.S. is looking to negotiate within the new framework with about 18 major U.S. trading partners on a rolling basis over the next two months, the people familiar with the matter said. The initial plan is for six nations to come in for talks in one week, six nations in a second week, and six nations for a third week of talks—an 18-nation cycle that would then repeat until the administration’s self-imposed July 8 deadline. At that point, reciprocal tariffs would hit nations that can’t reach a deal, unless Trump further extends his 90 day pause.
The planned negotiating timeline could slip if talks hit a snag, one of the people said. White House press secretary Karoline Leavitt this week said that the administration has received 18 trade proposals on paper from trading partners that it is currently reviewing. …”
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I thought Trump said he already had 200 deals? I know, he was just kidding and playing 8-dimensional checkers.
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China Quietly Exempts Some U.S.-Made Products From Tariffs
Beijing has been canvassing companies and waiving duties on U.S. goods in sectors where it lacks alternatives
“… Chinese authorities have told some importers of American goods that they would waive the most recent 125% increases in tariff rates for certain U.S. imports. Those products include certain semiconductors and chipmaking equipment, medical products and aviation parts, the people said.
The carve-outs highlight points of vulnerability for China’s economy. Many Chinese industries, particularly in advanced technology, aerospace and pharmaceuticals, remain reliant on American-made inputs.
The Trump administration, similarly, announced exemptions on its “reciprocal tariffs” for China-made smartphones, laptops and other electronics earlier this month, a recognition of the U.S.’s reliance on China for such goods.
… Two semiconductor traders said Chinese customs had lifted tariffs on eight categories of U.S.-made chips, including central-processing units, starting on April 24. Chinese authorities haven’t removed tariffs on U.S. memory chips, they said.
Many chip products developed by Intel and Texas Instruments are exempt from the tariffs, while some U.S.-made products of memory-chip maker Micron Technologywill continue to be subject to the duties, they said. …”
ChapelHillSooner
Honored Member
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Trump is a narcissist who is drunk on power. The 10% swings he caused by raising/lowering tariffs is like crack for someone with Trump’s pathology.
That is why I think the seesaw is not over. Trump can’t give up that power. And the longer this goes on the more damage it will do.
He will push us to the brink more times. One time he may accidentally push us over.
Just my opinion and I could be completely wrong.
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Good point
waynecountywolf
Active Member
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You may want to check again 140k hogs(sows) were bought from China by folks out of Rose Hill and they are NOT the wine folks.
China still owns the processing plant(s) but they want out of live swine production
superrific
Legend of ZZL
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Help me out here. Are you saying that Americans should be doing the shitty (literally) jobs that China doesn't want? Is that what winning looks like? They're making next generation electric vehicles and AI software and we're cleaning up pig shit by the millions of gallons?
That strikes me as a bad turn for the US economy. I liked it better when our economy was built on high technology and not mass factory farming, which is a low-margin industry that makes nobody well off.
I agree with you.
Hog-farming with “little-to-no” regulation or environmental oversight certainly made at least one North Carolinian wealthy - Wendell “Boss Hog” Murphy.
And, before our Trumplican ball-carriers chime in, I know Murphy was a Democratic member of the NC House and then Senate from Eastern North Carolina in the 1980’s. Damn near ALL NC House and Senate members from Eastern North Carolina were Democrats in the late ‘70’s and early-to-mid-to late ‘80’s.
They’re now hard-right Trumplicans.