Trump Tariffs Catch-All | Steel and Reciprocal Tariffs this week

  • Thread starter Thread starter evrheel
  • Start date Start date
  • Replies: 763
  • Views: 17K
  • Politics 

China Swiftly Counters Trump’s Tariffs With a Flurry of Trade Curbs​

After a 10 percent tariff on Chinese products took effect on Tuesday, China announced retaliatory measures, including tariffs and an investigation of Google.


“… Mr. Trump’s 10 percent tariff on all Chinese products went into effect at 12:01 a.m. Tuesday, the result of an executive order issued over the weekend aimed at pressuring Beijing to crack down on fentanyl shipments into the United States.

The Chinese government came back with a series of retaliatory steps, including additional tariffs on coal, natural gas, farm machinery and other products from the United States. It also said it had implemented restrictions on the export of certain critical minerals, many of which are used in the production of high-tech products.

In addition, Chinese market regulators said they had launched an antimonopoly investigation into Google. Google is blocked from China’s internet, but the move may disrupt the company’s dealings with Chinese companies. …”
 
Continued

“… China’s Ministry of Commerce and customs agency also announced new restrictions on exports of tungsten, tellurium, molybdenum and other metals important in industry and new technologies, citing “national security and interests.”

Mr. Trump’s executive order, signed on Saturday, also ended a popular workaround that many Chinese companies have used to send goods to the United States without paying the tariffs that the president imposed in 2018.

The provision, known as de minimis, allowed popular e-commerce companies like Shein and Temu to send billions of dollars of products from Chinese factories directly to American consumers tariff free.

… On Monday, Mr. Trump made clear that he would deploy tariffs liberally to get other governments to give him what he wants.

I don’t want to use names, but tariffs are very powerful, both economically and in getting everything else you want,” Mr. Trump said during remarks in the Oval Office.

When you’re the pot of gold, the tariffs are very good, they’re very powerful and they’re going to make our country very rich again.” …”
 


For the moment, China is like nah, fuck that, which is funny because Xi has always valued this sort of PR declaration of victory against China’s adversaries himself. But if Trump and Xi are running a similar playbook against each other, it makes a China tariff war appear to be more real or at least a tougher issue to resolve once engaged. And China is a lot stronger than Mexico and Canada …
 
So did everyone survive the great stock market crash of February 3rd on Tariff Day? Anyone alive out there?
I’m still paying about $600 more per month on my mortgage than I would without his stupid tariff talk, but I’m glad Trump saw the light yesterday.
How many businesses will lose trading partners (like our farmers did in Trump’s last administration) remains to be seen.
But don’t pretend there isn’t any costs to these pointless shenanigans, including wrecking relationships with our most important trading partners.

For example:
 
Last edited:
Interesting article from the Cato Institute.



  • Fentanyl smuggling is ultimately funded by U.S. consumers who pay for illicit opioids: nearly 99 percent of whom are U.S. citizens.
  • In 2021, U.S. citizens were 86.3 percent of convicted fentanyl drug traffickers—ten times greater than convictions of illegal immigrants for the same offense.
  • Over 90 percent of fentanyl seizures occur at legal crossing points or interior vehicle checkpoints, not on illegal migration routes, so U.S. citizens (who are subject to less scrutiny) when crossing legally are the best smugglers.
  • The location of smuggling makes sense because hard drugs at ports of entry are about 97 percent less likely to be stopped than are people crossing illegally between them.
  • Just 0.02 percent of the people arrested by Border Patrol for crossing illegally possessed any fentanyl whatsoever.
  • The government exacerbated the problem by banning most
He's such a moron. Piss off an ally/neighbor over a meaningless amount of fentanyl.
 
you dont really think that our govt wants to stop drugs from entering this country do you? its all for show the 'war' on drugs lmao
 
The fresh duties, announced by China’s Ministry of Finance, levy a 15% tax on certain types of coal and liquefied natural gas and a 10% tariff on crude oil, agricultural machinery, large-displacement cars and pickup trucks. The measures take effect on February 10.

The Ministry of Commerce and China’s customs administration also announced new export controls effective immediately on more than two dozen metal products and related technologies. Those include tungsten, a critical mineral typically used in industrial and defense applications, as well as tellurium, which can be used to make solar cells.
 
Trump’s tariffs cost me about $7k yesterday (a lot more if you factor in what we should all being making during a bull market).
His tariffs cost me about $600 per month in interest payments on my home.
So, almost $10k so far.
Hilarious, right @HeelYeah2012?

Luckily, he is also planning to raise my taxes and probably cut my social security. Maybe some uniformed snarky comments from people who admit they don’t know their ass from a hole in the ground when it comes to current events would help my mood.
 
Trump’s tariffs cost me about $7k yesterday (a lot more if you factor in what we should all being making during a bull market).
His tariffs cost me about $600 per month in interest payments on my home.
So, almost $10k so far.
Hilarious, right @HeelYeah2012?

Luckily, he is also planning to raise my taxes and probably cut my social security. Maybe some uniformed snarky comments from people who admit they don’t know their ass from a hole in the ground when it comes to current events would help my mood.
Gotta crack a few eggs, Chile!
 

Trump is an amazing negotiator. He leveraged Canada to implement plans that it agreed to last year:giggle:

 
It will turn into a shit show, Canada will agree to some marginal change that is irrelevant to how the countries interact, ala sending deportees on military planes instead of civilian ones, and the MAGA idiots like ramrouser and calla will pleasure themselves while they bleat about how Trump owned them Canucks!
So predictable as I posted back when these tariffs were announced. These MAGA idiots have such a high tolerance for accepting obvious bullshit.
 
Trump is an amazing negotiator. He leveraged Canada to implement plans that it agreed to last year:giggle:

Wait, they agreed to do this without Trump threatening to shoot himself in the dick?
I’m starting to think there are better ways to negotiate with allies than threatening them with a Global recession.
 
Trump’s tariffs cost me about $7k yesterday (a lot more if you factor in what we should all being making during a bull market).
His tariffs cost me about $600 per month in interest payments on my home.
So, almost $10k so far.
Hilarious, right @HeelYeah2012?

Luckily, he is also planning to raise my taxes and probably cut my social security. Maybe some uniformed snarky comments from people who admit they don’t know their ass from a hole in the ground when it comes to current events would help my mood.
You count one day "paper losses" in your investment account or retirement account as an actual loss? Are you liquidating your accounts today? The market will bounce back.
As I posted earlier, Wells and other industry experts predict mortgage rates will fall to 6.1-6.3% by the end of the year. You should be mad at Biden as his inflationary spending caused rates to rise in the first place.
No politician is going to "cut" social security payments - that's political suicide. Might as well worry about an asteroid hitting your house.
 
Back
Top