Welcome to our community

Be apart of something great, join today!

Register Log in

Tariffs Catch-All

  • Thread starter Thread starter BubbaOtis
  • Start date Start date
  • Replies: 4K
  • Views: 117K
  • Politics 
nycfan said:
Not really. It is more or less another TACO - reverting the positions to where they were right after Liberation Day and before Trump went nuts escalating with multiple. China made their point with control over rare earth minerals and Trump made his point with being sort of insane.
Click to expand...
55% tariffs? To China’s 10%?
 
UNCatTech said:
55% tariffs? To China’s 10%?
Click to expand...
That is where the bidding started on April 2 — basically the parties agree to continue negotiations based on the same framework agreed late last month, which was to pull back on escalatory actions on both sides after April 2 (like China refusing to approve sales or rare earth magnets and minerals to U.S. companies and Trump’s 145% tariff), revert to where things were on April 2 and keep talking.
 


I will say this for Bessent, he flew into DC from negotiations with the Chinese in London and had to do hours of testimony to Congress. I don’t care who you are, that fucking sucks.
 

China Puts Six-Month Limit on Its Ease of Rare-Earth Export Licenses​

Tentative deal reached in London gives Beijing leverage in trade talks​


🎁 —> https://www.wsj.com/world/china/bei...d?st=3NEnHR&reflink=desktopwebshare_permalink

“… Beijing’s agreement to temporarily restore rare-earth licenses was one of the key breakthroughs in the latest round of intense trade talks in London, but the six-month limit illustrated how each side is retaining the tools to easily escalate tensions again.

In exchange for the Chinese easing rare-earth curbs for now, the people said, U.S. negotiators agreed to relax some recent restrictions on the sale to China of products such as jet engines and related parts, as well as ethane, a component of natural gas important in manufacturing plastics.

Details of the framework to uphold an interim agreement forged in Geneva last month are still being worked out, the people said. The White House declined to comment.

According to people who consult with Chinese officials, Beijing wants to retain its chokehold on the critical minerals to give it valuable ammunition for future negotiations.…”
 
Per CNBC, WSJ reporting that rare earth licenses to US companies and Pentagon will only be for six monthgs

Pentagon today cancelled half of this ytear's F-35 jet oprder from Lockheed Martin. I would guess this may be domewhat related to rare earths since they are used in F-35 production
 
We have had these trade skirmishes with China for decades. In the past the most they ever did was restrict a few non-critica; rare earth metals.
And even in the early stages of this war, it was trending this way. Then Trump decided to go big and bad amd gp all ou trade war with the 145% tariff and China said "fine, try this" and banned all REE.REM to the US for the first time.
Completely overplayed his hand. Had a Dem President done somthing this incompent and foolish (starting an all out war when you are not ready for it), people would be calling for the Dem pres to resign or be impeached,
The US was the leading prpducer/refiner of REE/REM until 1985 and then for whatever reasson mostly got out of the business after 1985..
 
uncmba said:
Call me crazy, but it almost seems like Trump didn’t enter these “negotiations” with an understanding of the Chinese leverage points.
Click to expand...
Didn't the Art of the Deal ghostwriter say something in the last few years that Trump's goto negotiating tactic was "Go in yelling and making demands, walk out with a worse deal, and then claim victory?"
 
These articles are all getting this wrong, I think. The reason that wholesalers' prices haven't increased is that they weren't buying any of the most tariffed goods. That should change.

I don't know. If the tariffs don't increase prices then everything I know about economics is wrong. I would not have expected a lag effect, but I can make that make sense. I cannot make sense out of prices not rising in competitive markets when costs increase across the board.
 

Trump Steel Tariffs Expanded to Hit Home Appliances​

The move is one of the first times this year that consumer products were specifically targeted with higher import taxes.


“
Washing machines, refrigerators and other common household appliances made with steel parts will soon be subject to expanded tariffs, the Commerce Department said Thursday.

The department said in a notice that levies would take effect on so-called steel derivative products on June 23 and will be set at 50 percent, the current level for all other steel and aluminum imports. The new tariffs will apply to the value of steel content in each import, the notice said.

While many products have become subject to higher import taxes since President Trump began implementing his aggressive trade policy, Thursday’s announcement marked one of the first times this year that everyday consumer goods were specifically targeted. The result will also apply to imported dishwashers, dryers, stoves and food waste disposals, and could translate into higher costs for American households….”
 
You must log in or register to reply here.
Back
Top