Tariffs Catch-All

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In my best Bill Clinton voice....I feel your pain

www.rawstory.com

'It’s a lie!' Small-business owner breaks down over Trump tariffs

A Minnesota small-business owner was brought to tears Thursday afternoon on CNN, talking about the effect Donald Trump's tariffs have had on her olive oil and vinegar shop.Sarah Piepenburg, owner of Vinaigrette in Minneapolis, joined "The Lead" with fill-in anchor Phil Mattingly, saying Trump's...
www.rawstory.com www.rawstory.com
 
Trump Admin just announced a study on furniture, generally a precuror to tariffs. Of course when Trump announced it, he said there would be tariffs even though the stydy has not begun
 
Dating back to Reagan, the R tax cuts have alwaus blown uo the deficit and increased wealth and income inequality. Reagan in fact had to raise taxes to stop the bleedin.

Trumo's latest will do the same, esp with all the new coro tax credits
. And the tariffs will cause a US and possily global recession in 2026, and Trump will have to refund large pprotions of collected tariffs to farner, small busineses and a pre-2026 dividend to those who got stuck paying the tariffs (middle and working class).

These are the jhighest tariffs in nearly a century. Slow motion train wreck underway IMO. Tech companies can only prop up the economy so long with massive AI spending.
There is the real world and there is the not real Trump Matrix his supporters try to sucker folks with.
 
www.agriculture.com

Soybean Growers Warn of ‘Extreme Financial Stress’ as Export Sales Stall Amid Tariffs

The American Soybean Association appealed to President Donald Trump on Tuesday to reach a trade agreement with China, warning that what has long been the biggest export market for U.S. soy doesn’t have a single order in for this fall’s harvest.
www.agriculture.com www.agriculture.com

Overall, export sales (to China) of this fall’s soybean crop are down 81% from the five-year average.
 
mpaer said:
High Point and Hickory will rise again
Click to expand...
I know you're making a joke, but to be serious it's more likely that these tariffs will just put some American furniture companies out of business and make economic conditions in these former Piedmont and foothills factory towns even worse, if that's possible. In many cases the furniture plants in these NC towns have already been torn down or converted into something else - you'd practically have to build new factories from scratch.
 


The stoppages seem mostly temporary to adapt to the new tariffs on formerly exempt de minimus value packages between $100 & $800, but also to pressure another TACO delay or reversal.

If the elimination of the de minimus tariffs exemption is not reversed, then most packages from much of Europe and Asia will be held at least until after Labor Day while shippers figure out how to implement the tariffs.

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Per the Trump Admin fact sheet, after six months, the above fixed duty option terminates and every package must calculate and pay the tariff based on the value of the item and the tariff applicable to the country of origin. Packages from China and Hong Kong have already been subject to this policy since May.
 
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“… And while the financial costs of tariffs have dominated trade news this summer, in this case, it's not so much the money as the paperwork that's a stumbling block.

… "Key questions remain unresolved," writes DHL Group in a statement, "particularly regarding how and by whom customs duties will be collected in the future, what additional data will be required, and how the data transmission to the U.S. Customs and Border Protection will be carried out.

… In a fact sheet published last month, the White House called "de minimis" treatment a "catastrophic loophole" and a "big scam," arguing that it not only reduces tariff revenue but enables the importation of illicit drugs, because "de minimis" goods also get expedited processing, meaning less oversight of the goods coming in.

… The Biden administration, too, had raised concerns about drugs and unsafe products slipping into the country. Some U.S. companies have also argued that it gives an unfair advantage to foreign manufacturers over American companies by allowing an easy way to bypass tariffs….”
 
“…
  • Between 2015 and 2024, the volume of de minimis shipments entering the U.S. increased from 134 million shipments to over 1.36 billion shipments. On average, CBP processes over 4 million de minimis shipments into the U.S. each day. …”
www.whitehouse.gov

Fact Sheet: President Donald J. Trump is Protecting the United States’ National Security and Economy by Suspending the De Minimis Exemption for Commercial Shipments Globally

TAKING DECISIVE ACTION GLOBALLY TO PROTECT AMERICANS: Today, President Donald J. Trump signed an Executive Order suspending duty-free de minimis treatment
www.whitehouse.gov www.whitehouse.gov
 


Trump claims South Korea had to accept his terms and now says the EU agreed to pay us $950 Billion …
 
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