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Tariffs Catch-All
- Thread starter BubbaOtis
- Start date
- Replies: 4K
- Views: 126K
- Politics
I’d argue a counter to that…..I was at a UNC basketball game in February 2020. The Covid pandemic wasn’t even a slight whisper.
My first inkling that something was up was after that basketball game……stopping in the Carrboro Harris Teeter…..the toilet paper aisle was EMPTY.
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Brazil Won’t Take Orders From Trump, President Says
Business leaders urge Brazil’s President Luiz Inácio Lula da Silva to negotiate with the U.S.
—> https://www.wsj.com/world/americas/...b?st=iaWP5N&reflink=desktopwebshare_permalink“… Bolsonaro, a former army captain turned conservative icon, is on trial in Brazil after police accused him of plotting a coup in 2022 and conspiring to kill da Silva by poisoning him—charges that could land him in jail before next year’s elections.
“Brazil is a sovereign country with independent institutions, and it will not take orders from anyone,” da Silva wrote late Wednesday, when he called an emergency cabinet meeting to discuss Trump’s announcement. He said the Brazilian government would respond with reciprocity, without giving further details.
… Brazil’s currency slumped more than 2% against the dollar late Wednesday, and exporters scrambled to calculate what the tariffs would mean for a country that already struggles to be competitive abroad.
Trump said the 50% tariff was necessary to level the playing field with Brazil and to “rectify the grave injustices of the current regime,” incorrectly stating that the U.S. had a trade deficit with Brazil. Brazil hasn’t run a trade surplus against the U.S., its second-largest trading partner, for more than a decade….”
DiehardHeelFan
Esteemed Member
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“Trump said the 50% tariff was necessary to level the playing field with Brazil and to “rectify the grave injustices of the current regime,” incorrectly stating that the U.S. had a trade deficit with Brazil. Brazil hasn’t run a trade surplus against the U.S., its second-largest trading partner, for more than a decade….”Brazil Won’t Take Orders From Trump, President Says
Business leaders urge Brazil’s President Luiz Inácio Lula da Silva to negotiate with the U.S.
“… Bolsonaro, a former army captain turned conservative icon, is on trial in Brazil after police accused him of plotting a coup in 2022 and conspiring to kill da Silva by poisoning him—charges that could land him in jail before next year’s elections.
“Brazil is a sovereign country with independent institutions, and it will not take orders from anyone,” da Silva wrote late Wednesday, when he called an emergency cabinet meeting to discuss Trump’s announcement. He said the Brazilian government would respond with reciprocity, without giving further details.
… Brazil’s currency slumped more than 2% against the dollar late Wednesday, and exporters scrambled to calculate what the tariffs would mean for a country that already struggles to be competitive abroad.
Trump said the 50% tariff was necessary to level the playing field with Brazil and to “rectify the grave injustices of the current regime,” incorrectly stating that the U.S. had a trade deficit with Brazil. Brazil hasn’t run a trade surplus against the U.S., its second-largest trading partner, for more than a decade….”
And no one will call him on this
superrific
Legend of ZZL
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- 8,778
The district courts will. Thing about tariffs: you don't need class actions (or you shouldn't). An importer or end user can't get complete relief as long as the tariffs remain intact anywhere.“Trump said the 50% tariff was necessary to level the playing field with Brazil and to “rectify the grave injustices of the current regime,” incorrectly stating that the U.S. had a trade deficit with Brazil. Brazil hasn’t run a trade surplus against the U.S., its second-largest trading partner, for more than a decade….”
And no one will call him on this
heelslegup
Esteemed Member
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Just announced 35% tariff on Canada, effective Aug 1
What's the O/U on the number of times that changes in the next three weeks?
Mulberry Heel
Iconic Member
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The dude's like a weathervane - no consistency or reliability or backbone whatsoever. He'll TACO his way out of this one in a few days, most likely.
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—> https://www.wsj.com/world/americas/...0?st=Yb1eJD&reflink=desktopwebshare_permalink“… But an exemption for goods that comply with the nations’ free-trade agreement, the U.S.-Mexico-Canada Agreement, would still apply, a White House official said, stressing that could change.
Trump previously applied 25% tariffs to non-USMCA goods and the new rate, announced in a letter to Canadian Prime Minister Mark Carney and posted on social media, would mean that number rises to 35%, the official said. The U.S. and Canada had been involved in talks to lower tariffs ahead of a self-imposed July 21 deadline.
In a late Thursday post on the social-media platform X, Carney said Canadian officials would work with their U.S. counterpart in clinching a deal by Aug. 1.
… The Canadian dollar initially weakened sharply against the U.S. dollar before recouping some of the losses in Thursday night trading. “Traders remain broadly convinced that the President will ultimately fail to follow through on his threats, but this may not be a safe assumption,” said Karl Schamotta, chief market strategist at Corpay, a foreign-exchange and global-payments company.…”
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“… But an exemption for goods that comply with the nations’ free-trade agreement, the U.S.-Mexico-Canada Agreement, would still apply, a White House official said, stressing that could change.
Trump previously applied 25% tariffs to non-USMCA goods and the new rate, announced in a letter to Canadian Prime Minister Mark Carney and posted on social media, would mean that number rises to 35%, the official said. The U.S. and Canada had been involved in talks to lower tariffs ahead of a self-imposed July 21 deadline.
In a late Thursday post on the social-media platform X, Carney said Canadian officials would work with their U.S. counterpart in clinching a deal by Aug. 1.
… The Canadian dollar initially weakened sharply against the U.S. dollar before recouping some of the losses in Thursday night trading. “Traders remain broadly convinced that the President will ultimately fail to follow through on his threats, but this may not be a safe assumption,” said Karl Schamotta, chief market strategist at Corpay, a foreign-exchange and global-payments company.…”
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U.S. Tourism Just Lost Its Big-Spending Tourists To Its Friendliest Ally
America's ally is sniping its tourists while it suffers record tourism losses, and a surprising destination is winning, per a new study.
www.thetravel.com
20 million Canadian tourists visited the United States in 2024; they spent a whopping $20.5 billion and supported around 140,000 American jobs, according to the U.S. Travel Association. These figures make Canada, America's friendliest ally, the single largest source of tourism in the United States. Moreover, these stats indicate that 50% of Canadians visited the U.S. last year, since the population is approximately 40 million. Given that the United States had around 77 million tourists, the numbers also show that Canada represented 26% of America's tourists. That's a lot of Canadian visitors, but this year, they're boycotting (for reasons the news isn't letting us forget).
It's no secret that Canadians are boycotting the U.S. as a tourist destination, instead taking their tourism dollars elsewhere. Some states are paying for the Canadian boycott of the U.S. more than others. However, not only is Canada starving America of what should be its biggest chunk of tourism revenue in 2025, but it's also enjoying what looks to be a takeover of the USA's other would-be international visitors, particularly big spenders over in Europe, if a recent study is anything to go by.
Recent data from the World Travel and Tourism Council (WTTC) shows the U.S. tourism sector is floundering with lost revenue in the billions of dollars, while a new study from Context Research Group unveils where international travelers, particularly Europeans, are interested in visiting instead. Yes, a surprising Canadian destination is "stealing" America's big-spending tourists—though not necessarily on purpose. America is doing that all by itself. But why, and how? Who are these spender travelers avoiding America for a taste of Canada? Plus, how much is this all costing the U.S.?
...
In fact, data from the World Travel and Tourism Council (WTTC) suggests that the only country among 184 globally to experience a decline in international tourist spending in 2025 is none other than the United States.
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Trump tariffs turn techies topsy-turvy: US braced for PC tax
: Shipments in America flat, surge across ROTW ahead of Win 10 support cutoff
Computers are still exempt from the levies that Trump's administration is hellbent on introducing, in the mistaken belief it will boost the American economy and not hurt local consumers or businesses that are forced to pay more for goods.
Yet the threat looms large, according to market researchers at Canalys, and this unpredictability jeopardizes the stability of the sector, it claims.
"The Trump administration's evolving tariff policies continue to reshape global PC supply chains while casting significant uncertainty over market recovery," said principal analyst Ben Yeh. US imports of PCs have dramatically shifted away from China toward Vietnam as manufacturers seek to avoid potential tariffs.
"Although Trump's reciprocal tariffs have been delayed again, this time to 1 August, and PCs currently remain exempt from tariffs regardless of origin, the underlying uncertainty persists."
The uncertainty is for businesses and consumers. Earlier in the year, the channel sought to exploit the situation by bringing forward PC purchases to bulk up inventory, potentially to increase their own profit margin should incoming tariffs bump up the end price of laptop and desktops.
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The U.S. boycott remains strong. Why many Canadians are digging in their heels
It's harder to pinpoint the success of the Buy Canadian movement, as no hard data exists.
But an online survey conducted last month on behalf of Lightspeed, an e-commerce software provider, found that of the 1,000 Canadians polled from June 5 to 10, more than three-quarters said they support Canadian retailers removing U.S. goods from store shelves.
On top of that, two-thirds said they're currently shopping for, or focusing on buying Canadian goods, according to the survey conducted by Censuswide.
"It's a pretty high priority," said Aaron Clark of Ottawa who came to Maker House to buy a birthday present. "I'm very much a supporter of keeping things Canadian, supporting our economy."
And rather than losing interest, Clark said he plans to ramp up his commitment.
"I'd say it's going to become more of a habit, at least for the next few years."
