Tariffs Catch-All

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nycfan said:

Automakers Race to Find Workaround to China’s Stranglehold on Rare-Earth Magnets​

Major manufacturers, fearful they will have to shut down assembly lines, consider moving some parts production to China​


🎁 —> https://www.wsj.com/business/autos/...2?st=3aEzXr&reflink=desktopwebshare_permalink

“…
Several traditional and electric-vehicle makers—and their suppliers—are considering shifting some auto-parts manufacturing to China to avoid looming factory shutdowns, people familiar with the situation said.

Ideas under review include producing electric motors in Chinese factories or shipping made-in-America motors to China to have magnets installed. Moving production to China as a way to get around the export controls on rare-earth magnets could work because the restrictions only cover magnets, not finished parts, the people said.

If automakers end up shifting some production to China, it would amount to a remarkable outcome from a trade war initiated by President Trump with the intention of bringing manufacturing back to the U.S. …”

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trump today GIF

You Win Poker Face GIF by Barbara Pozzi
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That's the plan, right? To get manufacturing to move. But as usual, trump failed and they are moving the wrong way.
 


“Trump administration officials delayed and redacted a government forecast because it predicts an increase in the nation’s trade deficit in farm goods later this year, according to two people familiar with the matter.

The numbers run counter to President Donald Trump’s messaging that his economic policies, including tariffs, will reduce U.S. trade imbalances. The politically inconvenient data prompted administration officials to block publication of the written analysis normally attached to the report because they disliked what it said about the deficit.

… The previous forecast, published in February, projected a deficit of $49 billion for the current fiscal year, an increase from the November 2024 report. The new analysis revises the projection to a record $49.5 billion, beating the previous record of $31.8 billion in fiscal 2024.

… Tariffs are not the only contributing factor to any trade deficit or surplus, Glauber said. Americans’ love for blueberries year-round, loyalty to French wines and addiction to goods like coffees — which the U.S. largely does not produce — also contribute. A strong dollar can also widen the deficit.

“What we’re importing is largely not what we’re exporting,” he said, noting that prices for common U.S. agricultural imports, such as wine and liquor, are not as volatile as the nation’s agricultural exports like soybeans.…”
 
UNCatTech said:
Well then...

What does he see as a good agreement?
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Lutnick, like Trump, is basing his position on trade deficits. The elimination of all tariffs with all countries wouldn’t fix our trade deficits (which this administration views as a problem….I think it’s irrelevant.) But a good agreement to these fools is one which would greatly reduce or eliminate trade deficits which is complete fantasy and a ridiculous basis for trade policy.
 
Remember when Mondale ridiculed Gary Hart's economic plan in 1984 when he asked, "Where's the beef" ?

good times...

Here's the 2025 reprise

www.rawstory.com

'Where are the deals?' MSNBC host roasts Trump over epic failure to deliver vow

President Donald Trump and his administration officials promised Americans he would have 90 tariff deals done within 90 days. It's been 63 days since "Liberation Day," which Trump declared on April 2. He has a little under four weeks left to meet the goal — and MSNBC host Katy Tur remarked there...
www.rawstory.com www.rawstory.com
 
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“… Until now, Xi had resisted getting on the phone with Trump as the Chinese leader wanted the White House to first dial down its pressure on Beijing, according to people close to China’s decision-making.

However, faced with mounting economic pressure, Xi also has to prevent the Chinese economy from falling into an abyss. Managing relations with Washington is key to that.

In an initial sign that Beijing was engaged with Washington in arranging the call, Chinese Foreign Minister Wang Yi met with David Perdue, the U.S. ambassador to Beijing, on Tuesday. Wang urged the U.S. to “create the necessary conditions” for bilateral relations to get back on the right track.

Then on Thursday, Chinese Vice President Han Zheng also met a U.S. delegation for a “Track II” dialogue, or discussions among nongovernmental groups on both sides, saying that bilateral relations are now at “a crucial juncture.”…”
 
nycfan said:
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“… Until now, Xi had resisted getting on the phone with Trump as the Chinese leader wanted the White House to first dial down its pressure on Beijing, according to people close to China’s decision-making.

However, faced with mounting economic pressure, Xi also has to prevent the Chinese economy from falling into an abyss. Managing relations with Washington is key to that.

In an initial sign that Beijing was engaged with Washington in arranging the call, Chinese Foreign Minister Wang Yi met with David Perdue, the U.S. ambassador to Beijing, on Tuesday. Wang urged the U.S. to “create the necessary conditions” for bilateral relations to get back on the right track.

Then on Thursday, Chinese Vice President Han Zheng also met a U.S. delegation for a “Track II” dialogue, or discussions among nongovernmental groups on both sides, saying that bilateral relations are now at “a crucial juncture.”…”
Click to expand...
 
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