Tariffs Catch-All

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I hope the next administration and Dem congress immediately declares any transaction involving crypto currency as illegal and the trading of such as a felony.

Because all this bullshit is nothing but criminal. Absolutely blatant criminality.
 




I am reminded of Xi telling young people in China to “eat dirt” (apparently meaning suck it up and accept the economy is down and even if your parents spent their life savings to send you to university, it is your duty to return to your poor rural village and be a farmer or otherwise make do).

🎁 —> https://www.wsj.com/finance/currenc...67?st=XkoU9v&reflink=mobilewebshare_permalink

“Crypto billionaire Justin Sun for years wouldn’t set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on Jeff Bezos’ Blue Origin rocket despite paying $28 million for the opportunity.

Now, Sun isn’t just back in America. He is in suburban Washington to attend a dinner with President Trump as a VIP guest.

After weeks of industry speculation, Sun confirmed in a social-media post Tuesday that he is the largest holder of the president’s $TRUMP memecoin. His some $23-million stash catapults him into the exclusive circle of 25 investors who were invited to a private VIP reception with Trump on Thursday. Critics say the event is among the most glaring demonstrations yet of the conflicts of interest for Trump and his family as they pursue a range of business ventures.

Until Trump’s election win, the 34-year-old entrepreneur was in the sights of U.S. authorities and was persona non grata in much of the U.S. crypto industry. His company Tron, which operates a blockchain network with the same name, has been a popular channel for crypto’s criminal fraternity to move funds.

The U.S. Treasury Department’s Financial Crimes Enforcement Network wrote in a private 2023 report that Tron was “growing in popularity among illicit actors.” By last year, more than half of all illegal crypto activity—some $26 billion—took place on the network, according to researcher TRM Labs, which tracks crypto transactions and works with law enforcement.

… Sun faced charges from the Securities and Exchange Commission, which in 2023 accused him of fraudulently manipulating the market for Tron’s TRX token. The SEC asked a court in February to pause its lawsuit.

The Justice Department, meanwhile, had been investigating Sun for suspected financial crimes, people familiar with the case said. The U.S. attorney’s office in Manhattan requested information from Sun back in 2021 and continued gathering evidence through at least 2023, some of the people said, causing him to avoid travel to the U.S. over concerns about a possible arrest warrant. That meant Sun, who is based in Hong Kong, had to skip the 2021 launch of Blue Origin’s first crewed space flight, on which he had won a spot, the people said. (At the time, Blue Origin said Sun pulled out due to scheduling conflicts.)

It couldn’t be learned whether the Justice Department investigation is still ongoing. …”

Add harborin
The EU is going to "buy" zillions of dollars worth of AMERICAN! natural gas, again.
Clean coal
 
Or it is time to sell all the assets bought when the initial June 1st tariffs were announced. He can move the tariff threat up and down and those that know ahead of time can make a killing. Wall Street is like a dog named Stay 😀
Like I said before, on the day of the liberation day announcement, someone bought at least $1.1 million in two day SPY puts that were about 6% out of money. That person walked away with something like $106 million.

And that’s just from two orders for SPY that were bought the same minute and large enough to be noticeable.
 

Members of a bipartisan group of U.S. senators who visited Ottawa this past weekend say they want to bolster the Canada-U.S. relationship despite U.S. President Donald Trump’s recent attacks, with the lone Republican urging Canadians to “give us another chance.”

The five senators met Friday with Prime Minister Mark Carney, who has vowed to pursue a new economic and security partnership with the U.S. while acknowledging that the trend of “deep integration” between the two countries is over.

The American lawmakers say that long-standing relationship must continue, with trade, tourism and defence partnerships among the key areas where collaboration is critical.

“We have to do this stuff together,” Republican Sen. Kevin Cramer of North Dakota told Mercedes Stephenson in an interview that aired Sunday on The West Block.

“We’ll be better at it if we’re friends than if we’re just tolerating one another…. I’m just here (in Ottawa) to say thank you, and then to encourage Canadians to take another look and give us another chance.”

Canadians, along with various levels of government, have turned their backs on the U.S. since Trump imposed sweeping tariffs on Canadian goods and voiced his desire to make Canada the “51st state.”

Statistics Canada has reported four straight months of steep year-over-year declines of return trips to Canada from the U.S., and some states such as California have launched ad campaigns to try to lure Canadian tourists back.
 

Members of a bipartisan group of U.S. senators who visited Ottawa this past weekend say they want to bolster the Canada-U.S. relationship despite U.S. President Donald Trump’s recent attacks, with the lone Republican urging Canadians to “give us another chance.”

The five senators met Friday with Prime Minister Mark Carney, who has vowed to pursue a new economic and security partnership with the U.S. while acknowledging that the trend of “deep integration” between the two countries is over.

The American lawmakers say that long-standing relationship must continue, with trade, tourism and defence partnerships among the key areas where collaboration is critical.

“We have to do this stuff together,” Republican Sen. Kevin Cramer of North Dakota told Mercedes Stephenson in an interview that aired Sunday on The West Block.

“We’ll be better at it if we’re friends than if we’re just tolerating one another…. I’m just here (in Ottawa) to say thank you, and then to encourage Canadians to take another look and give us another chance.”

Canadians, along with various levels of government, have turned their backs on the U.S. since Trump imposed sweeping tariffs on Canadian goods and voiced his desire to make Canada the “51st state.”

Statistics Canada has reported four straight months of steep year-over-year declines of return trips to Canada from the U.S., and some states such as California have launched ad campaigns to try to lure Canadian tourists back.
The Canadians should have just laughed in their faces and told them to impeach the imbecile who is trying to wreck their economy with his tariffs and threatening them with a hostile takeover and making them our "51st State". That Republican Senators participated is especially rich, given that it's their party's leader who has caused the backlash that's hurting their state's economies in several ways. FAFO, as they say.
 
I thought it was like 145 countries negotiating grand and righteous deals?
No, it was a greater number. I don't recall exactly, but I do recall people laughing at him because there are only 195 countries in the world and he claimed that more than that wanted to kiss his ass.
 
Wait, wait. I thought he wasn't doing any deals, that he was going to set the prices and other countries would take it or leave it.

Nobody has any idea what is going on. This would be embarrassing behavior for a tin pot dictator, let alone the US.
 

Members of a bipartisan group of U.S. senators who visited Ottawa this past weekend say they want to bolster the Canada-U.S. relationship despite U.S. President Donald Trump’s recent attacks, with the lone Republican urging Canadians to “give us another chance.”

The five senators met Friday with Prime Minister Mark Carney, who has vowed to pursue a new economic and security partnership with the U.S. while acknowledging that the trend of “deep integration” between the two countries is over.

The American lawmakers say that long-standing relationship must continue, with trade, tourism and defence partnerships among the key areas where collaboration is critical.

“We have to do this stuff together,” Republican Sen. Kevin Cramer of North Dakota told Mercedes Stephenson in an interview that aired Sunday on The West Block.

“We’ll be better at it if we’re friends than if we’re just tolerating one another…. I’m just here (in Ottawa) to say thank you, and then to encourage Canadians to take another look and give us another chance.”

Canadians, along with various levels of government, have turned their backs on the U.S. since Trump imposed sweeping tariffs on Canadian goods and voiced his desire to make Canada the “51st state.”

Statistics Canada has reported four straight months of steep year-over-year declines of return trips to Canada from the U.S., and some states such as California have launched ad campaigns to try to lure Canadian tourists back.
Fuck you, Kevin Cramer.

Let us know when you oppose Trump and Trumpism by VOTING AGAINST Trump EACH AND EVERY TIME.
 

President Trump and some members of Congress want to revive a depleted American shipbuilding industry to compete with China, the world’s biggest maker of ships by far.

It is such a daunting goal that some shipping experts say it is destined to fail. More hopeful analysts and industry executives say the Trump administration and Congress could succeed but only if they are willing to spend billions of dollars over many years.

One of the places where Washington’s maritime dreams might take shape or fall apart is a shipyard on the southern edge of Philadelphia that was bought last year by one of the world’s largest shipbuilding companies, a South Korean conglomerate known as Hanwha.

“The shipbuilding industry in America is ready to step up,” David Kim, the chief executive of Hanwha Philly Shipyard, said in an interview.

But to do that, he said, the yard must have a steady stream of orders for new vessels. And the federal government will need policies that subsidize American-built ships and penalize the use of foreign vessels by shipping companies that call on U.S. ports.

Last month, Mr. Trump issued an executive order aimed at revitalizing American shipbuilding. “We’re going to be spending a lot of money on shipbuilding,” he said when announcing the order. “We’re way, way, way behind.”

The Office of the United States Trade Representative set new rules in April that penalize Chinese ships and require that certain commercial vessels be built in the United States. In Congress, lawmakers from both parties are pushing a sprawling bill that contains significant subsidies to bolster American shipbuilding.

But there is much to overcome.

The Philadelphia yard won’t have space for new orders until 2027, and other American shipyards are so tied up with filling orders for the Navy that they don’t have the capacity to produce commercial vessels.

It takes far longer to build ships in the United States than in Asia, and costs nearly five times as much. The Philadelphia yard makes roughly a ship and a half a year, compared with around a ship a week at Hanwha’s larger facilities in its home country, Mr. Kim said.
 
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