Tariffs Catch-All

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Retail Giants Manage to Keep a Lid on Prices but Warn It Can’t Last​

Prices have largely held steady overall, aside from modest April increases in some categories, a WSJ analysis finds​


🎁 —> https://www.wsj.com/business/retail...38?st=DD7zP1&reflink=mobilewebshare_permalink

“… So far, most prices have held steady overall. The average price of some 10,000 everyday household products sold online by Walmart WMT 1.26%increase; green up pointing triangle, Target TGT -0.22%decrease; red down pointing triangleand Amazon AMZN -1.58%decrease; red down pointing triangle is effectively flat since April 2, according to a Wall Street Journal analysis of data harvested by e-commerce-data firm Traject Data. Prices at the retailers are generally down since January, the data show.

But the chief executives of Walmart, Target and Home Depot HD 0.42%increase; green up pointing triangle met with President Trump last week, with a strong message: The status quo can’t last forever. …

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nycfan said:
“… Now, there is a second leg to the rush. The president’s decision on April 9 to pause so-called reciprocal tariffs for 90 days on every trading partner except China has presented businesses around the world with a new deadline to beat. The stakes are high: Many Asian imports could face tariffs of more than 40% while goods from the European Union are in line for a 20% levy.

Roger Lund has a container full of Christmas decorations from Germany that he needs in Baltimore port by July 8, after which the tariff he pays on the cargo is set to double. …

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…”
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Really hard to make sense of that graph. The reverse color and choice to show bigger trade deficits as lower on the graph is confusing.

Plus unless I am reading it wrong, it is purporting to show trade deficits but then graphing them as negative numbers which would be a surplus.
 
www.rollingstone.com

Spooked By Trade Wars, Trump Officials Hoard Supplies: 'It Would Be Stupid Not To!'

Donald Trump’s aides and administration officials are hoarding toilet paper, food, and household supplies before his tariffs cause prices to spike.
www.rollingstone.com www.rollingstone.com

Spooked By Trade Wars, Trump Officials Hoard Supplies: ‘It Would Be Stupid Not To!’​

Some Trump administration officials are stockpiling toilet paper and food before Trump’s tariffs cause prices to skyrocket
 
So now there will be a shortage of fireworks for 4th of July. Not to mention next year's 250th fireworks are questionable. Interesting, because we know Trump loves military parades and such.
 
So China says Trump administration is reaching out to them thru third parties for negotiations? Sounds like Trump is begging for a deal........any deal. That's how China will see it. Who would have thunk?

Didn't the Treasury Secretary claim that China had to be the one to deescalate?
 
BlueSmoke said:
So China says Trump administration is reaching out to them thru third parties for negotiations? Sounds like Trump is begging for a deal........any deal. That's how China will see it. Who would have thunk?
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If Trump really wants a deal they'll probably take it as their own economy is no doubt hurting, but if they really wanted to humiliate and hurt him then they could likely hold out a good deal longer than we could, given that they're a dictatorship and can still trade with the rest of the world.
 
BlueSmoke said:
So China says Trump administration is reaching out to them thru third parties for negotiations? Sounds like Trump is begging for a deal........any deal. That's how China will see it. Who would have thunk?

Didn't the Treasury Secretary claim that China had to be the one to deescalate?
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Xi should require that trump kids his ass. Because that's what leaders do.
 
aviationa2z.com

Ryanair Can Cancel $30 Billion Boeing Order for 330 Planes Amid US Tariffs

Ryanair (FR) threatens to cancel its massive $30 billion order for 330 Boeing 737 MAX aircraft as tensions escalate over proposed US tariffs.
aviationa2z.com aviationa2z.com

Ryanair Can Cancel $30 Billion Boeing Order for 330 Planes Amid US Tariffs​

Boeing contracts typically don't include specific tariff provisions, as the industry has operated without them for decades.
 
mynameisbond said:
Yeah, that's not happening. Trump can't admit when he's wrong or made a mistake. He has to find some way to turn this into a win. Good luck with that.
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So far, it looks like Trump just plans to BS his way through this by lying about the impact of the tariffs, the state of the economy, the price of eggs, etc., etc. And that will undoubtedly work with his base, who only want to absorb and repeat anything Trump tells them, no matter how absurd or incredible. Trump's problem now is that he's the party in power and not the challenger, and a huge percentage of Americans reflexively hold anything that happens against the party in power, regardless of whose fault it is. And that's even more true where it REALLY IS the fault of the party in power, which is clearly what's happening now. So I agree with you Trump won't back down completely, but he also won't be able to turn it into a win, except in the eyes of his gullible, fact-resistant base. His approval numbers are likely to settle in the high 30s and I'll be very surprised if they move much from there over the next few years, barring a 9/11 style incident.
 
mynameisbond said:
Yeah, that's not happening. Trump can't admit when he's wrong or made a mistake. He has to find some way to turn this into a win. Good luck with that.
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He doesn't have to turn it into a win. If anything happens he will lie and call it a win even if the US gets fucked.

And who will believe him, you ask? The cult will.

This cult:

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