Steel and aluminum tariffs...

[TSA]

NO NO THE SUPPLIERS WILL EAT THE TARIFFS. TRUMP SAID SO

https://x.com/RapidResponse47/status/1947993315993157862

Why Critics Miss the Bigger Picture in America's Economic Renewal---A thread for "real world finance guys"

In a landmark announcement on July 22, 2025, President Donald Trump unveiled a historic trade deal with Japan, securing $550 billion in Japanese investments into the United States—the largest such commitment ever made. This agreement, which includes reciprocal 15% tariffs on Japanese exports to the U.S., exemplifies a bold approach to trade policy that prioritizes American manufacturing and long-term growth.

Yet, amid the cheers from markets and industry leaders, a chorus of naysayers persists, warning that tariffs will inevitably drive up costs for American consumers and businesses, stifling economic progress. While their concerns warrant consideration, this pessimistic view overlooks critical dynamics in global trade, underestimating the adaptive responses of exporters and the cascading benefits of re-shoring manufacturing.

Far from a zero-sum burden, tariffs—when strategically applied—represent a superior framework for revitalizing the American economy, fostering innovation, and ensuring sustained prosperity.

The Conventional Critique: Tariffs as a Tax on Americans

Critics of tariffs, including many economists and think tanks, argue that these import duties act primarily as a regressive tax on U.S. importers and consumers. They point to analyses showing that, in aggregate, tariffs are often passed through to domestic buyers, raising prices on everything from electronics to automobiles.

For instance, studies of the U.S.-China trade tensions from 2018 onward suggest that American firms and households bore much of the cost, with little evidence of foreign exporters absorbing the hit. This perspective assumes a static market where exporters hold all the leverage, forcing deficit nations like the U.S. to shoulder the full burden.

In this narrative, tariffs equate to self-inflicted wounds: higher input costs for manufacturers, inflated retail prices for families, and potential inflationary pressures that could erode purchasing power. It's a tidy, textbook argument—one that resonates in academic circles and media echo chambers. But it falters under real-world scrutiny.

The Overlooked Reality: Exporters Adapt and Absorb Costs

A fundamental flaw in the critics' premise is the assumption that trade surplus nations will simply pass tariff costs onto American buyers. Data tells a more nuanced story. In sectors like steel during the 2018 tariffs, foreign exporters significantly lowered their pre-tariff prices to maintain competitiveness, effectively absorbing much of the burden.

This isn't an anomaly; it's a rational response to market pressures. When faced with tariffs, exporters confront a choice: raise prices and risk losing market share, or find efficiencies to offset the duties. Exporters often cut into margins, streamline supply chains, or invest in productivity gains to stay viable.

In the context of the Japan deal, this dynamic is already evident: Japanese firms, keen to protect their foothold in the U.S. auto market, are incentivized to avoid price hikes that could cede ground to rivals. Many Japanese cars are already manufactured in the U.S., and this agreement accelerates that trend.

Moreover, broader economic policies amplify these offsets. The Trump administration's energy agenda—emphasizing deregulation and expanded domestic production—lowers input costs like fuel and electricity, providing a natural hedge against any residual tariff impacts.

The Real Win: Reshoring Manufacturing and Multi-Order Benefits

Where the naysayers' theory truly falls short is in its myopic focus on short-term price effects, dismissing the profound second- and third-order benefits of tariffs. The Japan deal illustrates this: by tying tariff relief to massive investments in U.S. infrastructure, semiconductors, and manufacturing, it transforms potential trade friction into a catalyst for growth.

These ripple effects are transformative: reshored manufacturing spurs innovation, revitalizes communities, increases wages, and narrows trade deficits. On balance, the upside—a renewed American industrial base—outweighs isolated price bumps. Tariffs as tools for renewal position America for leadership. Critics' view is shortsighted; this dynamic theory prevails.

https://x.com/ChipActual/status/1947999405925130520

[ChumpDumper]

:lol TSA thinks companies will give up profits when they can just blame Trump for raising prices as much as they want.

[Blake]

https://x.com/RapidResponse47/status/1947993315993157862

Why Critics Miss the Bigger Picture in America's Economic Renewal---A thread for "real world finance guys"

In a landmark announcement on July 22, 2025, President Donald Trump unveiled a historic trade deal with Japan, securing $550 billion in Japanese investments into the United States—the largest such commitment ever made. This agreement, which includes reciprocal 15% tariffs on Japanese exports to the U.S., exemplifies a bold approach to trade policy that prioritizes American manufacturing and long-term growth.

Yet, amid the cheers from markets and industry leaders, a chorus of naysayers persists, warning that tariffs will inevitably drive up costs for American consumers and businesses, stifling economic progress. While their concerns warrant consideration, this pessimistic view overlooks critical dynamics in global trade, underestimating the adaptive responses of exporters and the cascading benefits of re-shoring manufacturing.

Far from a zero-sum burden, tariffs—when strategically applied—represent a superior framework for revitalizing the American economy, fostering innovation, and ensuring sustained prosperity.

The Conventional Critique: Tariffs as a Tax on Americans

Critics of tariffs, including many economists and think tanks, argue that these import duties act primarily as a regressive tax on U.S. importers and consumers. They point to analyses showing that, in aggregate, tariffs are often passed through to domestic buyers, raising prices on everything from electronics to automobiles.

For instance, studies of the U.S.-China trade tensions from 2018 onward suggest that American firms and households bore much of the cost, with little evidence of foreign exporters absorbing the hit. This perspective assumes a static market where exporters hold all the leverage, forcing deficit nations like the U.S. to shoulder the full burden.

In this narrative, tariffs equate to self-inflicted wounds: higher input costs for manufacturers, inflated retail prices for families, and potential inflationary pressures that could erode purchasing power. It's a tidy, textbook argument—one that resonates in academic circles and media echo chambers. But it falters under real-world scrutiny.

The Overlooked Reality: Exporters Adapt and Absorb Costs

A fundamental flaw in the critics' premise is the assumption that trade surplus nations will simply pass tariff costs onto American buyers. Data tells a more nuanced story. In sectors like steel during the 2018 tariffs, foreign exporters significantly lowered their pre-tariff prices to maintain competitiveness, effectively absorbing much of the burden.

This isn't an anomaly; it's a rational response to market pressures. When faced with tariffs, exporters confront a choice: raise prices and risk losing market share, or find efficiencies to offset the duties. Exporters often cut into margins, streamline supply chains, or invest in productivity gains to stay viable.

In the context of the Japan deal, this dynamic is already evident: Japanese firms, keen to protect their foothold in the U.S. auto market, are incentivized to avoid price hikes that could cede ground to rivals. Many Japanese cars are already manufactured in the U.S., and this agreement accelerates that trend.

Moreover, broader economic policies amplify these offsets. The Trump administration's energy agenda—emphasizing deregulation and expanded domestic production—lowers input costs like fuel and electricity, providing a natural hedge against any residual tariff impacts.

The Real Win: Reshoring Manufacturing and Multi-Order Benefits

Where the naysayers' theory truly falls short is in its myopic focus on short-term price effects, dismissing the profound second- and third-order benefits of tariffs. The Japan deal illustrates this: by tying tariff relief to massive investments in U.S. infrastructure, semiconductors, and manufacturing, it transforms potential trade friction into a catalyst for growth.

These ripple effects are transformative: reshored manufacturing spurs innovation, revitalizes communities, increases wages, and narrows trade deficits. On balance, the upside—a renewed American industrial base—outweighs isolated price bumps. Tariffs as tools for renewal position America for leadership. Critics' view is shortsighted; this dynamic theory prevails.

https://x.com/ChipActual/status/1947999405925130520

Lol "this dynamic theory prevails". Why? Because Trump said so?

[Blake]

:lol TSA thinks companies will give up profits when they can just blame Trump for raising prices as much as they want.

I'm not sure he thinks anything at all. He's just building his daily shit filled text wall and declaring internet victory.

[TSA]

Lol "this dynamic theory prevails". Why? Because Trump said so?

Why? You're watching it play out in real time. Toyota has had a 25% tariff on their cars coming to the US. On average they've raised prices a whopping $270 on certain Toyota and Lexus models. You're a smart real world finance guy...who's been eating the 25% tariff...the US consumer?

It's clear you don't understand the position of power the US is negotiating from. You're a short sighted simpleton who's demonstrated you have zero knowledge when it comes to the economy. You latch on to shitty economists that confirm your bias and refuse to think outside your little dunce box.

[TSA]

omg ChumpDumper is still doing it :rollin

[ChumpDumper]

They're just all waiting for TACO. If TACO doesn't happen, they will jack up the prices and join the pile-on that's starting to happen to lame duck Trump.

[Blake]

Why? You're watching it play out in real time. Toyota has had a 25% tariff on their cars coming to the US. On average they've raised prices a whopping $270 on certain Toyota and Lexus models. You're a smart real world finance guy...who's been eating the 25% tariff...the US consumer?

It's clear you don't understand the position of power the US is negotiating from. You're a short sighted simpleton who's demonstrated you have zero knowledge when it comes to the economy. You latch on to shitty economists that confirm your bias and refuse to think outside your little dunce box.

You latch on to Trump and Trump bootlicks. That's literally all you do here. He's an idiot. They're idiots. You're an idiot.

[Blake]

They're just all waiting for TACO. If TACO doesn't happen, they will jack up the prices and join the pile-on that's starting to happen to lame duck Trump.

They'll say they won't raise their prices loudly and then a few months down the road they'll raise them quietly.

[TSA]

You latch on to Trump and Trump bootlicks. That's literally all you do here. He's an idiot. They're idiots. You're an idiot.

It's hilarious watching you try to call me an idiot when I take you to the woodshed on a daily basis. You're such an idiot that you don't even realize how stupid I make you look.

Question pending real world finance guy.

Toyota has had a 25% tariff on their cars coming to the US. On average they've raised prices a whopping $270 on certain Toyota and Lexus models. You're a smart real world finance guy...who's been eating the rest of the 25% tariff?

[velik_m]

It's hilarious watching you try to call me an idiot when I take you to the woodshed on a daily basis. You're such an idiot that you don't even realize how stupid I make you look.

Question pending real world finance guy.

Toyota has had a 25% tariff on their cars coming to the US. On average they've raised prices a whopping $270 on certain Toyota and Lexus models. You're a smart real world finance guy...who's been eating the rest of the 25% tariff?

Toyota doesn't have 25% percent profit margin on cars. They are not eating the cost. They will not sell the cars at a loss, dumbass.

[TSA]

Toyota doesn't have 25% percent profit margin on cars. They are not eating the cost. They will not sell the cars at a loss, dumbass.Blake knows he's too stupid to answer and backed himself into a corner so not surprised he's avoiding this one.

While operating under a 25% tariff Toyota has raised their prices on average $270 on certain models. Who's been eating the rest of the 25% tariff? It hasn't been US consumers.

[ChumpDumper]

Why would shareholders agree to losing profits long term to make lame duck Trump look better in polls?

Spoiler alert: they won't.

[Blake]

It's hilarious watching you try to call me an idiot when I take you to the woodshed on a daily basis. You're such an idiot that you don't even realize how stupid I make you look.

Question pending real world finance guy.

Toyota has had a 25% tariff on their cars coming to the US. On average they've raised prices a whopping $270 on certain Toyota and Lexus models. You're a smart real world finance guy...who's been eating the rest of the 25% tariff?

Do you know how the future works? It means it's not today. It means it's not yesterday or before.

Next lesson we'll talk about what "long term" means.

[Blake]

Why would shareholders agree to losing profits long term to make lame duck Trump look better in polls?

Spoiler alert: they won't.

"...STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”

[TSA]

Do you know how the future works? It means it's not today. It means it's not yesterday or before.

Next lesson we'll talk about what "long term" means.

Did you know the 25% tariff on Japanese autos has been in place since April 3rd?

Question pending real world finance guy.

Toyota has had a 25% tariff on their cars coming to the US since April. On average they've raised prices a whopping $270 on certain Toyota and Lexus models. You're a smart real world finance guy...who's been eating the rest of the 25% tariff? It hasn't been US consumers.

[TSA]

"...STOP trying to blame Tariffs as the reason for raising prices throughout the chain. Walmart made BILLIONS OF DOLLARS last year, far more than expected. Between Walmart and China they should, as is said, ‘EAT THE TARIFFS,’ and not charge valued customers ANYTHING. I’ll be watching, and so will your customers!!!”Walmart continues to lead on tariffs, further pressuring suppliers

Walmart is reportedly standing firm in its demands that Chinese suppliers absorb the costs of U.S. tariffs.

Bloomberg, citing sources with knowledge of the situation, said Walmart (WMT) is asking suppliers to reduce prices by up to 10% for every new round of tariffs, effectively shifting the financial burden onto manufacturers. Last month, Chinese officials met with Walmart executives to discuss the request, calling it irresponsible and unfair. Despite this, Walmart appears unfazed and has doubled down on its demands.

https://finance.yahoo.com/news/walmart-wont-back-down-demands-142200780.html

:lol Blake Cramer

[ChumpDumper]

Trump TACOs three months after imposing a 25% tariff.

Three months is very short term for a nearly 90 year old company.

[TSA]

One by one they'll bend the knee for the privilege of doing business with the US

US and EU close in on 15% tariff deal

https://www.ft.com/content/460b7784-88d7-4324-9e4d-dc9692d15e72

[ChumpDumper]

So TACO even from the original executive order tariff.:lmao

Trump bends the knee again.

[SnakeBoy]

Bragging about raising taxes on Americans -- the biggest tax hike in US history

US importers and retailers will pass the cost along to consumers, it's inherently inflationary

To the extent that the added costs will tend to destroy demand for imports that are not readily replaceable, jobs will be lost and businesses will go bankrupt


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:nyjm4ylfid2a7mjm6varxuiq/bafkreid6oeiiv7n62xjeqzogia3hnglnnsw4e4g2t2rdywdyh zjuzhcczy@jpeg

You've been crying for higher taxes for a decade, what changed your mind?

[ChumpDumper]

We didn't want it to fund your secret police.

[Blake]

Did you know the 25% tariff on Japanese autos has been in place since April 3rd?

Question pending real world finance guy.

Toyota has had a 25% tariff on their cars coming to the US since April. On average they've raised prices a whopping $270 on certain Toyota and Lexus models. You're a smart real world finance guy...who's been eating the rest of the 25% tariff? It hasn't been US consumers.

They took a wait and see approach because of TACO.

And they came out winning while American auto makers came out losing.

Way to go you fucking tards. MJGA!

[Blake]

Walmart continues to lead on tariffs, further pressuring suppliers

Walmart is reportedly standing firm in its demands that Chinese suppliers absorb the costs of U.S. tariffs.

Bloomberg, citing sources with knowledge of the situation, said Walmart (WMT) is asking suppliers to reduce prices by up to 10% for every new round of tariffs, effectively shifting the financial burden onto manufacturers. Last month, Chinese officials met with Walmart executives to discuss the request, calling it irresponsible and unfair. Despite this, Walmart appears unfazed and has doubled down on its demands.

https://finance.yahoo.com/news/walmart-wont-back-down-demands-142200780.html

:lol Blake Cramer

Yeah, when Walmart ultimately raises their prices because of the tariffs, they'll show Trump how they tried their best to pressure the suppliers.

Why do you keep looking at what's currently happening when the rest of us are talking about what is going to happen if these tariffs stay in effect?

[TSA]

They took a wait and see approach because of TACO.

And they came out winning while American auto makers came out losing.

Way to go you fucking tards. MJGA!

I've lost track of how many times you've dodged a simple question. Stop being a pussy. Who's been eating the rest of the 25% tariff? It hasn't been US consumers.

[TSA]

Yeah, when Walmart ultimately raises their prices because of the tariffs, they'll show Trump how they tried their best to pressure the suppliers.

Why do you keep looking at what's currently happening when the rest of us are talking about what is going to happen if these tariffs stay in effect?

:lol "the rest of us" And who would that be? All of the doomsayer economists you've linked that have all been completely wrong? The tariffs have been in effect and you are forced to just keep moving the goalposts. You've gone from "massive" inflation, to "huge" inflation, to "some" inflation...maybe...not sure when but I promise you it's coming, and just recently you've moved to stagflation :rollin You're a fucking idiot who latches on to fucking idiot economists that confirm your TDS.

[Blake]

I've lost track of how many times you've dodged a simple question. Stop being a pussy. Who's been eating the rest of the 25% tariff? It hasn't been US consumers.

They took a "wait and see" approach means they ate it. What the fuck is wrong with your reading?

Eating it is not a sustainable business model. You're an idiot.

[Blake]

I've lost track of how many times you've dodged a simple question. Stop being a pussy. Who's been eating the rest of the 25% tariff? It hasn't been US consumers.

They took a "wait and see" approach means they ate it. What the fuck is wrong with your reading?

Eating it is not a sustainable business model. You're an idiot.

[Blake]

:lol "the rest of us" And who would that be? All of the doomsayer economists you've linked that have all been completely wrong? The tariffs have been in effect and you are forced to just keep moving the goalposts. You've gone from "massive" inflation, to "huge" inflation, to "some" inflation...maybe...not sure when but I promise you it's coming, and just recently you've moved to stagflation :rollin You're a fucking idiot who latches on to fucking idiot economists that confirm your TDS.

You'll never acknowledge Trump chickening out and companies not knowing what the fuck to expect. The "rest of us" that aren't completely latched on to Trump's nutsack get it.

[velik_m]

'This unlawful impost must fall': Conservative group sues Trump claiming tariffs are 'unconstitutional exercise of legislative power'

A conservative legal group is suing the Trump administration over the president's tariffs on Chinese imports, alleging that they were imposed through an "unlawful" use of emergency executive power.

The 29-page complaint filed Thursday by the New Civil Liberties Alliance (NCLA) in the Northern District of Florida alleges that the authority to impose tariffs lies with Congress, not the president.

"By invoking emergency power to impose an across-the-board tariff on imports from China that the statute does not authorize, President Trump has misused that power, usurped Congress's right to control tariffs, and upset the Constitution's separation of powers," NCLA senior litigation counsel Andrew Morris said in a statement accompanying the lawsuit.
...



https://lawandcrime.com/high-profile/this-unlawful-impost-must-fall-conservative-group-sues-trump-claiming-tariffs-are-unconstitutional-exercise-of-legislative-power/

[velik_m]

Japan trade deal info on Trump’s desk was altered by hand with a marker

...
The card on Trump’s desk displays a 10% tariff, in addition to a 15% levy rate on the automotive, pharmaceutical and semiconductor industries. However, Trump said in his Truth Social post only that Japan would face a rate of 15%, without elaborating.

“Japan will pay Reciprocal Tariffs to the United States of 15%,” Trump wrote.

Below the tariff rate, ”$400B” appears on the board in large lettering. The number four is crossed out, with “500” written above it.
...

Wall Street was left a bit confused by the terms of the deal.

Andy Laperriere, head of U.S. policy research at Piper Sandler, said Japanese officials are “describing it differently” when it comes to the investment plan. Japan’s leaders, he said, see the $550 billion figure as a cap and inclusive of government loan guarantees.

“Especially given that the Japanese believe they are being bullied into this commitment, they will almost certainly slow walk whatever investments they don’t think are in their own economic self-interest,” Laperriere wrote to clients in a Wednesday note.



https://www.cnbc.com/2025/07/23/trumps-japan-trade-deal-card-was-altered-by-hand.html

[Blake]

https://lawandcrime.com/high-profile/this-unlawful-impost-must-fall-conservative-group-sues-trump-claiming-tariffs-are-unconstitutional-exercise-of-legislative-power/

I don't think it goes far but it's something

[Winehole23]

I don't think it goes far but it's somethingRemains to be seen

The backlash against the degenerate, misogynist and racist backlash shouldn't be underestimated

[TSA]

You'll never acknowledge Trump chickening out and companies not knowing what the fuck to expect. The "rest of us" that aren't completely latched on to Trump's nutsack get it.

Have you ever negotiated a big business deal? yes or no.

[TSA]

https://x.com/EricLDaugh/status/1948506541960614083

:bobo

[ChumpDumper]

Australia has allowed imports of beef grown in the United States since 2019. But Australia has not allowed imports from the U.S. of beef sourced from Canada or Mexico because of the disease risk.

But the U.S. has recently introduced additional movement controls that identify and trace all cattle from Mexico and Canada to their farms of origin.

Australian authorities were “satisfied the strengthened control measures put in place by the U.S. effectively manage biosecurity risks,” Collins said.

https://abcnews.go.com/International/wireStory/australia-reduce-us-beef-import-restrictions-denounced-trump-124023813

So it's not even American beef.

:lmao Jesus Christ you fall for every single thing that's fed to you.

[ChumpDumper]

What is the tariff on the beef imported into the US before it is exported to Australia?

[Blake]

Have you ever negotiated a big business deal? yes or no.

Lol asking for anecdotes.

[Blake]

Australia has allowed imports of beef grown in the United States since 2019. But Australia has not allowed imports from the U.S. of beef sourced from Canada or Mexico because of the disease risk.

But the U.S. has recently introduced additional movement controls that identify and trace all cattle from Mexico and Canada to their farms of origin.

Australian authorities were “satisfied the strengthened control measures put in place by the U.S. effectively manage biosecurity risks,” Collins said.

https://abcnews.go.com/International/wireStory/australia-reduce-us-beef-import-restrictions-denounced-trump-124023813

So it's not even American beef.

:lmao Jesus Christ you fall for every single thing that's fed to you.

:lol

[TSA]

:lol

:lol constantly responding to someone you know has you on ignore
:lol praying for someone to quote you
:lol has no clue how many feeders we import from Canada and Mexico
:lol your stupid ass quoting him to only make you both look like idiots

[Winehole23]

skewered and grilled on his own hibachi

a very typical result tbh

[TSA]

Lol asking for anecdotes.

You keep calling it chickening out and that makes it sound like you've never negotiated a big business deal and have no clue how negotiations work. So, have you ever negotiated a big business deal? yes or no

[Blake]

:lol constantly responding to someone you know has you on ignore
:lol praying for someone to quote you
:lol has no clue how many feeders we import from Canada and Mexico
:lol your stupid ass quoting him to only make you both look like idiots

No, you constantly quoting Eric Daugherty makes you look like an all in Trump tard that can't think for himself. That dude is making money off gullible buffoons like you.

[Blake]

You keep calling it chickening out and that makes it sound like you've never negotiated a big business deal and have no clue how negotiations work. So, have you ever negotiated a big business deal? yes or no

I call chickening out because that's what it is. Trump is bad at poker.

If I say yes that I've negotiated a big business deal will you then from here on out refer to my posts as expert testimony in this and any other thread that is related to this subject?

[TSA]

No, you constantly quoting Eric Daugherty makes you look like an all in Trump tard that can't think for himself

Blindly quotes Chump making an idiot of himself and then accuses me of not being able to think for myself. You are such an idiot Blake, don't ever change :lol

[TSA]

I call chickening out because that's what it is. Trump is bad at poker.

If I say yes that I've negotiated a big business deal will you then from here on out refer to my posts as expert testimony in this and any other thread that is related to this subject?

You can just say you haven't it's okay not everyone is in business, nothing to be ashamed of real world finance guy.

[Blake]

Blindly quotes Chump making an idiot of himself and then accuses me of not being able to think for myself. You are such an idiot Blake, don't ever change :lol

I read the article he posted and it makes sense. It's just Trump tards giving Trump credit for being a bad ass tariff enforcer when in reality he didn't do shit. Again.

[Blake]

You can just say you haven't it's okay not everyone is in business, nothing to be ashamed of real world finance guy.

You should be ashamed of stumping for a felon and a sexual predator.

Even though you're flailing here, he'd be proud of you trying to turn it on me though. :tu

[TSA]

I read the article he posted and it makes sense. It's just Trump tards giving Trump credit for being a bad ass tariff enforcer when in reality he didn't do shit. Again.

https://www.ers.usda.gov/data-products/charts-of-note/chart-detail?chartId=76074

You're a fucking idiot.

[TSA]

You should be ashamed of stumping for a felon and a sexual predator.

Even though you're flailing here, he'd be proud of you trying to turn it on me though. :tu

More projecting. I've had you flailing and tailspinning since you stanned for Selzer, and it doesn't look like you're stopping any time soon.

[velik_m]

AMD CEO Sees Chips From TSMC’s US Plant Costing 5%-20% More

Advanced Micro Devices Inc. Chief Executive Officer Lisa Su said that the chips her company gets from supplier Taiwan Semiconductor Manufacturing Co. cost more when they’re produced in TSMC’s Arizona facilities.
Compared with similar parts from factories in Taiwan, the US chips will be “more than 5% but less than 20%” in terms of higher costs, she said at an AI event in Washington Wednesday. AMD expects its first chips from TSMC’s Arizona facilities by the end of the year, Su said.

...



https://www.bloomberg.com/news/articles/2025-07-23/amd-ceo-su-sees-chips-from-us-tsmc-plant-costing-5-to-20-more

[velik_m]

Puma shares plunge 17% after full-year sales, profit outlook cut on U.S. tariffs

...
“Key factors include muted brand momentum, shifts in channel mix and quality, the impact of U.S. Tariffs, and elevated inventory levels,” it added.

The company said it was reducing imports to the U.S. from China and that it planned to raise prices from the fourth quarter starting in October, but said it still expects U.S. tariffs to have a mitigated negative impact on 2025 gross profit of around 80 million euros.

It added that it had frontloaded deliveries to the U.S. ahead of tariff deadlines, which has led to higher inventory levels.
...

Puma’s share price has halved so far this year as the retailer has confronted trade pressures and declining consumer demand in the highly competitive sportwear market.

The company said back in May that it anticipated industry-wide price hikes as a results of trade tariffs, but noted that it expected brands with greater dominance in the U.S. to lead the charge.

“We don’t want to be the leader in terms of the pricing change in U.S. markets,” Chief Financial Officer Markus Neubrand said at the time. “There are other players in our industry where the U.S. is far more relevant.”



https://www.cnbc.com/2025/07/25/puma-shares-plunge-18percent-after-full-year-sales-profit-outlook-cut-on-us-tariffs.html

[Winehole23]

when you don't have a written down deal, is it really a deal?

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4kshoaytrzhgsziro6ywozul/bafkreihdtk5akwk5tulsgmj5nk4zrajcuh47ub3s7e2lsk26a b47zx5ywq@jpeg

[Blake]

when you don't have a written down deal, is it really a deal?

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4kshoaytrzhgsziro6ywozul/bafkreihdtk5akwk5tulsgmj5nk4zrajcuh47ub3s7e2lsk26a b47zx5ywq@jpeg

Shocker. These buffoons literally believe every single thing Trump tells them without any validation request.

[Winehole23]

Shocker. These buffoons literally believe every single thing Trump tells them without any validation request.Fuhrerprinzip

The leader is the living embodiment of the law and what he says, goes

[koriwhat]

Shocker. These buffoons literally believe every single thing Trump tells them without any validation request.

Projection at its finest.

[velik_m]

An emboldened China eyes more concessions from US at Stockholm trade talks

For the third time in as many months, US and Chinese officials will meet in Europe for trade talks — and this time, Beijing is arriving at the negotiating table more emboldened than ever.

Its firm grip on strategic minerals has compelled the Trump administration to roll back some export curbs on China, including a stunning reversal of the ban on sales of a key Nvidia AI chip.

Meanwhile, the Chinese economy has delivered better-than-expected growth months into the trade war, according to government data, posting a record trade surplus that underscores the resilience of its exports as they pivot away from the US market.

And just a few days ago, Beijing reinforced its tough posture at a key summit with the European Union, offering little to address the bloc’s concerns spanning from trade imbalances to the Ukraine war.

...


https://edition.cnn.com/2025/07/27/business/us-china-trade-talks-stockholm-intl-hnk

[Winehole23]

tariffs are inherently inflationary, and inflation is already starting to bite


Yale’s Budget Lab (https://budgetlab.yale.edu/research/state-us-tariffs-july-14-2025) estimates that it would cost the average household $2,770 worth of disposable income per year if tariffs stayed at their current rate indefinitely, with the worst impact—especially in the short term—on the poorest Americans.


https://www.nakedcapitalism.com/wp-content/uploads/2025/07/00-economic.webp
(Graphic: Yale Budget Lab)

But they are set to grow more intense beginning on August 1, when Trump has said he’ll roll out new levies on imports from some of America’s top trading partners, including Canada, the European Union, Mexico, Brazil, and South Korea.


According to economists who spoke with Vox (https://www.vox.com/politics/421026/trump-tariffs-inflation-prices-fed), the worst effects are likely yet to come. Preston Caldwell, chief U.S. economist for Morningstar, said inflation would likely peak in 2026 rather than 2025.
https://www.commondreams.org/news/trump-cost-of-living-struggle

[Winehole23]

ok, this is the HK paper of record

tariff deadline with China to be punted another 90 days


Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm (https://www.scmp.com/economy/global-economy/article/3319597/china-and-us-wanted-sweden-host-their-next-round-trade-talks-why?module=inline&pgtype=article) beginning on Monday, according to sources close to the matter on both sides.

China and the United States agreed in May (https://www.scmp.com/economy/global-economy/article/3309975/china-us-reduce-majority-tariffs-after-first-round-trade-talks?module=inline&pgtype=article?module=inline&pgtype=article) to remove most of the heavy tariffs levied on each other’s goods for 90 days while continuing trade negotiations. That suspension is set to expire on August 12.

During the third round of trade negotiations between the world’s two biggest economies, both will expound their views on major sticking points – such as the US’ concerns over China’s industrial overcapacity (https://www.scmp.com/news/china/diplomacy/article/3315106/overcapacity-economic-buzzword-fuelling-europes-clash-china?module=inline&pgtype=article) – rather than achieve specific breakthroughs, the sources said.

One source said that, during the expected 90-day extension, the two nations will commit to not impose additional tariffs on each other, nor escalate the trade war (https://www.scmp.com/economy/china-economy/article/3316076/china-us-finalise-trade-deal-beijing-confirms-breakthrough-talks?module=inline&pgtype=article) by other means.
https://www.scmp.com/economy/china-economy/article/3319604/china-us-extend-tariff-pause-sweden-talks-another-90-days-sources

[ChumpDumper]

Swedish TACO.

[Winehole23]

Swedish TACO.this is what Nutlick said this morning

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:t6ubj2wlhc34awzcymh3qpur/bafkreihesqleil4whwc6r3d3ii4ledfoubpyjwwjkx5nwqre2 cf7vouvka@jpeg

[Winehole23]

"just bomb our own factories"


50% tariffs on steel, aluminum, copper while the Euros goods only have 15% (idk how you do this on unfinished goods). Rolled (https://bsky.app/profile/gigansprogress.bsky.social/post/3luxv44kbos2d)


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:ynssfgbtfg5kacdscm625354/bafkreib7c2pqewvmwggrvzts2vpxl5thvyqqnskftyqpkbciy 24zqoveca@jpeg

[Winehole23]

Chinese metal stock is 50% tariffed, but EU finished goods are 15%

I mean, did these guys really reanimate mercantilism without reading the basics?

[Blake]

this is what Nutlick said this morning

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:t6ubj2wlhc34awzcymh3qpur/bafkreihesqleil4whwc6r3d3ii4ledfoubpyjwwjkx5nwqre2 cf7vouvka@jpeg

Uh huh sure

[Winehole23]

Elon and Trump fired BLS data collectors, so they guess up to 30% of the time now -- 200% more than they did just a few months ago

One of the things wrecking public capacity does is to degrade the quality of the information business relies upon for investment and planning


To calculate CPI inflation, BLS teams collect approximately 90,000 price quotes every month covering 200 different item categories, and there are several hundred field collectors active across 75 urban areas.


When data is not available, BLS staff typically develop estimates for approximately 10% of the cells in the CPI calculation. However, the share of data in the CPI that is estimated has increased significantly in recent months and is now above 30%, see chart below.


In other words, almost a third of the prices going into the CPI at the moment are guesses based on other data collections in the CPI.

https://www.apolloacademy.com/wp-content/uploads/2025/07/Jul26_Chart_V3.jpgNote: Different cell imputation is where uncollected prices are imputed from collected prices of the same item in other geographic areas or from collected prices of related item categories in the same geographic area. Sources: BLS, Apollo Chief Economisthttps://www.apolloacademy.com/the-quality-of-the-cpi-data-continues-to-deteriorate/

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4lx6nur5wstwoc4wtgj56kyu/bafkreif5kcpv5nfcd433vbapnfouc5oe3r6ztepzr7zywy4fj dt4fgkbfy@jpeg

[Winehole23]

wine-related


That’s notable given that Trump’s appeal of lower court rulings that his tariffs are unlawful, in part, because they’re so arbitrary and capricious will be Thursday at 10AM (https://storage.courtlistener.com/recap/gov.uscourts.cafc.23105/gov.uscourts.cafc.23105.56.0.pdf). And the lead plaintiff in that case is a wine importer, still looking for clarity on how much they’ll pay to import wines from, among other places, Austria, Italy, Greece, Spain, France, Germany, Croatia, and Hungary, over a 100 days after suing (https://storage.courtlistener.com/recap/gov.uscourts.cit.17080/gov.uscourts.cit.17080.2.0.pdf).


Plaintiff V.O.S. Selections, Inc. is a 39-year-old New York-based business, founded by Victor Owen Schwartz, that specializes in the importation and distribution of small-production wines, spirits, and sakes from six continents. V.O.S. Selections has made and makes significant direct purchases of wines, spirits, and sakes from Austria, Italy, Greece, Lebanon, Morocco, Spain, France, Portugal, Mexico, Argentina, Germany, Croatia, Hungary, and South Africa. The products it imports are not reasonably available from a producer in the United States.



If the Circuit Court of Appeals upholds (or preferably, improves) the lower court ruling, then this whole process will be thrown back into chaos until SCOTUS tells us whether their expansive view of the presidency extends to roiling international trade agreements every time he gets grumpy about a sex trafficking scandal.
https://www.emptywheel.net/2025/07/28/the-eu-trade-deal-playing-for-time/

[Winehole23]

so much for dealmaking, that's what US importers and consumers going to pay for imports from the whole world



Trump: "We're gonna be setting a tariff essentially for the rest of the world, and that's what they're gonna pay if they want to do business in the United States, because you can't sit down and make 200 deals."

[Winehole23]

the whole point was to lay historically high import taxes on the US

[Blake]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4lx6nur5wstwoc4wtgj56kyu/bafkreif5kcpv5nfcd433vbapnfouc5oe3r6ztepzr7zywy4fj dt4fgkbfy@jpeg

Trickle down economics for 2025

[Winehole23]

US raw material inputs (steel, copper, aluminum), 50% tariff

EU finished goods, 15% tariff


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:t6ubj2wlhc34awzcymh3qpur/bafkreif5ynxafjtnyspodyx3clebsfupwcdgbm4ilhx7rnmui i557j7ile@jpeg

[velik_m]

US raw material inputs (steel, copper, aluminum), 50% tariff

EU finished goods, 15% tariff


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:t6ubj2wlhc34awzcymh3qpur/bafkreif5ynxafjtnyspodyx3clebsfupwcdgbm4ilhx7rnmui i557j7ile@jpeg

Only a MAGA would think an extra tax will not reflect in the final price. Maybe they are banking on lowering the labour costs to balance the extra taxes.

[ChumpDumper]

Only a MAGA would think an extra tax will not reflect in the final price. Maybe they are banking on lowering the labour costs to balance the extra taxes.

TSA says patriotic shareholders will take the hit gladly.

[Winehole23]

much like the Japan deal, the counterparty released a different readout of the meeting than we did


White House: the 15% rate will apply to EU-made pharmaceuticals as of 1 August.

Commission: the 15% rate will apply only after the US concludes its investigation. "There will be no tariffs on pharmaceuticals this Friday," senior official said today.


White House: the EU *will* invest $600 billion in the US economy and spend $750 billion in US energy by 2028.

Commission: the pledges are an "intention" based on industry estimates not a legally binding guarantee. The EU can't dictate how the private sector spends its money.


White House: the EU *agreed* to purchase significant amounts of US military equipment.

Commission: there's no deal whatsoever on defence. That's just Trump's impression.

White House: the sectoral tariffs on steel, aluminum, and copper will remain unchanged. The EU will continue to pay 50% and the parties will discuss securing supply chains for these products.

Commission: the 50% will apply only after a quota (yet to be determined) is exceeded.

White House: the US and the EU intend to address unjustified digital trade barriers.

Commission: no mention of this whatsoever. "There is absolutely no commitment on digital regulation or digital taxes," a senior official said this morning.h​ttps://bsky.app/profile/jorgeliboreiro.bsky.social/post/3lv2kcg7cps2

[SnakeBoy]

US raw material inputs (steel, copper, aluminum), 50% tariff

EU finished goods, 15% tariff


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:t6ubj2wlhc34awzcymh3qpur/bafkreif5ynxafjtnyspodyx3clebsfupwcdgbm4ilhx7rnmui i557j7ile@jpeg

lol Gasparino
lol BlueSky

[ChumpDumper]

lol Gasparino
lol BlueSky

Show your link to the text of the signed trade agreements and clear this up for all of us.

[Winehole23]

lol Gasparino
lol BlueSkyyou're an airhead with no take

[Winehole23]

as yet unannounced tariffs will be collected starting on Friday


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4kshoaytrzhgsziro6ywozul/bafkreicpwf3el22jvfwucvjxx2nquciulxhgw42sddgegqfl5 i3lxjqzwm@jpeg

[TSA]

you're an airhead with no take

Says the guy who dropped a BlueSky screenshot with no take, and lol Gasparino. You couldn't have picked a Wall Street bro with worse takes on tariffs.

[ChumpDumper]

As soon as Trump dies, the tariffs can be changed again.

[Blake]

As soon as Trump dies, the tariffs can be changed again.

And the inflated prices will remain.

[koriwhat]

And the inflated prices will remain.

This is not a gotcha moment but what is a gotcha moment is your silence during the past 4 yrs. I wonder why you were so silent about inflationary prices back then? Hmm...

[ChumpDumper]

Everyone knows exactly why inflation happened after COVID.

Everyone knows inflation was moderating near the end of the Biden administration.

Everyone knows Trump's tariff taxes will increase inflation.

Why is anyone fighting this?

[velik_m]

Trump puts 50% tariffs on Brazil and copper, eliminates a tax loophole and hints at new deals

...
Trump signed executive actions on Wednesday imposing a 50% tariff on Brazil, a 50% tariff on certain copper products and suspending a tax perk for all countries that allowed cheap packages to fly into the US duty-free.

He also announced in a Truth Social post that his administration has a trade framework in place with Pakistan, although details were thin. Trump said the agreement, if completed, would include developing Pakistan’s oil reserves with a yet-to-be-named oil company.

And Trump said his administration will meet with a South Korean trade delegation Wednesday afternoon. South Korea has been long expected to be among the next countries in line to hammer out a trade framework with the United States.

...

The order that Trump signed on Wednesday, which increases Brazil’s tariff by 40 percentage points, effective early next month, accuses the Brazilian government of “serious human rights abuses that have undermined the rule of law in Brazil.”

The new tariff on Brazil appeared to be spurred by non-economic matters.

Bolsonaro, who has bragged about his closeness with Trump, is facing trial for allegedly attempting to stage a coup against Lula. Trump has publicly objected to that proceeding, and his order alleged Bolsonaro’s prosecution was “politically motivated.”

“The Order finds that the Government of Brazil’s politically motivated persecution, intimidation, harassment, censorship, and prosecution of former Brazilian President Jair Bolsonaro and thousands of his supporters are serious human rights abuses that have undermined the rule of law in Brazil,” the order reads.

The announcement of the increased tariff rate comes the same day that the United States is sanctioning Brazilian Supreme Court Justice Alexandre de Moraes, 12 days after announcing visa restrictions against him and other court officials over Bolsonaro’s trial.

...



https://edition.cnn.com/2025/07/30/politics/brazil-tariff-trump-executive-order

Brazil is one of the few major economies with which the United States runs a trade surplus.

[Blake]

Lol 50%.

It's TACO time

[Winehole23]

Trump just tacos after a phone call with Sheinbaum

Deadline with Mexico extended 90 days

[velik_m]

Ford says Trump tariffs to cost it about $2bn this year

Motor industry giant Ford says it expects tariffs to cost it about $2bn (£1.5bn) this year, which is more than previously expected, despite building most of its cars in America.

The company says it had already paid an extra $800m in duties in the three months ending in June. It also suffered losses related to cutting an electric vehicle programme.

It is the latest indication of the impact of US President Donald Trump's tariffs on major American firms and the challenges ahead as he seeks to reshape global supply chains.

But Ford is seeing a less pronounced tariffs impact than some of its competitors as much of its manufacturing is in the US.

Ford's finance chief Sherry House said the firm had raised its forecast for the cost of tariffs on its business because levies on Mexico and Canada, where it has facilities, have remained higher for longer than expected.

She also pointed to US tariffs on imported aluminium and steel.

Last week, rival carmaker General Motors said tariffs had already cost it more than $1bn, while Volkswagen put its hit at $1.5bn.

...



https://www.bbc.com/news/articles/cn47v5gj1nvo

[Blake]

No problem just bail them out again

[Winehole23]

She also pointed to US tariffs on imported aluminium and steel.

https://www.bbc.com/news/articles/cn47v5gj1nvotaxing unfinished industrial inputs is dumb, unless Trump is trying to extort US industry at the same time

Trump 2.0 writ large has basically taken the form of an extortion racket

[SnakeBoy]

You didn't mind Biden's steel and aluminum tariffs

[Winehole23]

You didn't mind Biden's steel and aluminum tariffsI pointed out the continuity in this thread, none of y'all cared at the time

[Winehole23]

y'all are very late to point out the similarities with Biden from my point of view

[Winehole23]

that aside, the conceit that Trump's extreme 2025 tariffs are little different than Trump 1.0 or Biden is absurd

They're historically large and comprehensive

They're also based on pretextual bullshit

[ChumpDumper]

You didn't mind Biden's steel and aluminum tariffs

You don't believe Trump’s tariffs are any good.

[Winehole23]

Trump's tariffs hurt Ford's made in America strategy

Ford will pay tariffs on Mexican and Canadian parts to make cars in the USA that are higher than tariffs on Japanese, EU, or S. Korean made cars.

Trump just put US auto manufacturing at a disadvantage to its main competitors -- Ford expects to lose ~$2B just this year to Trump's new import taxes.

https://www.wsj.com/business/autos/ford-trump-tariffs-made-in-america-df94b933

[velik_m]

https://x.com/PeteButtigieg/status/1951307646964785495

Maybe complete economic collapse of USA will manage to distract voters from Epstein files.

[Winehole23]

https://x.com/PeteButtigieg/status/1951307646964785495

Maybe complete economic collapse of USA will manage to distract voters from Epstein files.I expect something short of total collapse in the short term, it may take a few years of graft and maladministration -- and federal police state expansion -- to wreck the USA and its good reputation forever

[velik_m]

Trump’s tariffs are sending African countries into China’s hands

...
China has offered to soften the impact of US tariffs on Africa, saying in June it would halt charges on imports for nearly all its African partners.

“There is no other opportunity for African countries to strengthen South-South trade (among developing nations) than now,” South African researcher Neo Letswalo told CNN, while urging countries to “solely turn to China and make it the next US.”

“America is gradually forfeiting its global leadership status,” Letswalo said, adding that the more countries “become less dependent on the US, the greater opportunity for China to become an alternative.”
...



https://edition.cnn.com/2025/08/02/africa/trumps-tariffs-africa-and-china-intl

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:h6xbkw7bucg6ws3vqwnxqewp/bafkreiaojn4vykxvn7c4xdsbpbjd4vxqbu4mxfpxndkztkywn 3jhx23mhe@jpeg

[Winehole23]

The new Trump business tax is going to hit the bottom line of businesses and households


Small businesses will bear the worst of the tariffs blow because they do not have the cash reserves or economies of scale to absorb the new charges, says Richard Trent, executive director of the Main Street Alliance, a small business industry group.

“They have to eat the losses, pass them onto consumers, or shutter altogether. The outlook is bleak on Main Street,” he says.
Big business is hurting too. And for some of America’s biggest companies, the tariff bills are not tens of thousands of dollars but multiple billions.

Carmaker Ford made a $36m loss between April and June, compared with a $1.8bn profit during the same period a year earlier, because it had to pay $800m in tariff costs.

It warned that it expected to pay at least $2bn on tariffs over the full year.

Although Ford manufactures its cars within the US, it imports many of the parts and materials – many of which are subject to Trump’s 50pc tariffs on steel and aluminium.

General Motors, another major US carmaker, said last week that tariffs had knocked $1.1bn off its operating income in Q2. Household goods giant Procter & Gamble similarly warned this week of a $1bn hit to its profits from tariffs and said it will begin making price rises on a quarter of its products from next month.

“There isn’t any getting away from the fact this is a huge, huge increase in the US tariff rate,” says Brian Coulton, the chief economist at Fitch Ratings.

The real economic toll is still yet to come (https://archive.is/o/Tj89D/https://www.telegraph.co.uk/business/2025/04/30/trump-tariffs-us-cars-markets-latest-news-ftse-100-uk/), says Coulton.

Over the next six months, businesses will pass on much more of the cost of tariffs onto consumers, he says.


https://archive.is/Tj89D#selection-3795.0-4175.107

[Winehole23]

Switzerland lowered its tariffs on US industrial goods to zero, Novartis and Nestle promised to build US factories

There's not much rhyme or reason to Trump's tariff policies, for most countries it's like they pulled the numbers out of a hat


39%? For Switzerland, this is a huge shock, and worse than the worst-case scenario – these are the highest tariffs in Europe.


Globally, the fourth highest, behind only Syria, Laos, and Myanmar, (although if President Trump follows through on his 50% tariff threat then Brazil will jump to the top of the list).


It's the one story dominating the news and the airwaves on Friday. One newspaper, Blick, described it as the country's biggest defeat since French victory in the battle of Marignano in 1515.


Just weeks ago, Switzerland's government was exuding confidence.


In May, a Swiss facilitated meeting between the US and China in Geneva, aimed at preventing a trade war between the two economic superpowers, allowed Switzerland's president Karin Keller-Sutter to grab a meeting with US trade secretary Scott Bessent.



She came out smiling. She had been told, she said, that Switzerland was likely to be second on the list after the United Kingdom to strike a trade deal with Washington. 10%, she hinted, was the tempting tariff offer, far lower than the 31% Donald Trump had unveiled for Switzerland on his 'liberation day' in April.

https://www.bbc.com/news/articles/c987l633zdgo

[velik_m]

Trump voter and Montana Knife Co. founder feels tariff pain: His $515,000 sharpener from Germany is set to cost another $77,250

...
“We’re getting squeezed from all sides,’’ said Justin Johnson, president of Jordan Manufacturing Co. in Belding, Michigan, northeast of Grand Rapids. His grandfather founded the company in 1949.

The company, which makes parts used by Amazon warehouses, auto companies and aerospace firms, has seen the price of a key raw material — steel coil — rise 5% to 10% this year.

Trump has imposed 50% tariffs on imported steel and aluminum. Jordan Manufacturing doesn’t buy foreign steel. But by crippling foreign competition, Trump’s tariffs have allowed domestic U.S. steelmakers to hike prices.

Johnson doesn’t blame them. “There’s no red-blooded capitalist who isn’t going to raise his prices’’ under those circumstances, he said.
...

Josh Smith, founder and president of Montana Knife Co., called himself a Trump voter but said he sees the tariffs on foreign steel and other goods as threatening his business.

For instance, Smith just ordered a $515,000 machine from Germany that grinds his knife blades to a sharp edge. Trump had imposed a 10% tax on products from the EU that is set to rise to 15% under the trade framework he announced Sunday. So Trump’s tax on the machine comes to $77,250 — about enough for Smith to hire an entry-level worker.

Smith would happily buy the bevel-grinding machines from an American supplier. But there aren’t any. “There’s only two companies in the world that make them, and they’re both in Germany,’’ Smith said.

Then there’s imported steel, which Trump is taxing at 50%. Until this year, Montana Knife bought the powdered steel it needs from Crucible Industries in Syracuse, New York. But Crucible declared bankruptcy last December, and its assets were purchased by a Swedish firm, Erasteel, which moved production to Sweden.

Smith beat the tariffs by buying a year’s worth of the steel in advance. But starting in 2026, the specialty steel he’ll be importing from Sweden is set to be hit with a 50% duty.

“The average American is not sitting in the position I am, looking at the numbers I am and making the decisions each day, like, ‘Hey, we cannot hire those extra few people because we might have to pay this tariff on this steel or this tariff on this grinder,’” he said. “I want to buy more equipment and hire more people. That’s what I want to do.”



https://fortune.com/2025/07/29/trump-voter-tariffs-manufacturing-costs-how-much-increase/

[velik_m]

P&G reports weakest sales growth since 2018, plans layoffs and price raises

...
The Cincinnati-based consumer products giant said in June it would update its plans to cut 7,000 jobs as part of a restructuring move when it reported financial results. The changes come as the company is struggling to maintain growth as consumers struggle with economic uncertainty, political instability and trade wars launched this year by Trump.

Looking ahead, P&G said tariffs on its products and on raw materials used in them would cost the company an extra $1 billion in the 2026 fiscal year. Chief Financial Officer Andre Schulten said much of that impact was concentrated in North America between key materials imported from around the world and products exported to Canada.

To help offset that, Schulten said 25% of the company's products would see "mid single digit" price increases, partly due to tariffs amid the ongoing trade disputes and also to pay for product innovations.

"That is not vastly different from what we typically take with innovation, a couple of points higher to account for the tariff impact that we can’t offset with productivity," Schulten said.

P&G said organic sales growth for the next year is expected to be between 0% to 4%.

...

P&G said it would cut nonmanufacturing jobs (a little over half the company’s headcount) by 15%. The cuts could have a larger impact in the Cincinnati region as the company employs around 10,000, mostly office workers, in its hometown.

Last year, P&G booked a $14.9 billion profit on total sales of $84 billion.


https://eu.usatoday.com/story/money/business/2025/07/30/procter-gamble-sales-plunge-layoffs/85446515007/

[velik_m]

China welcomes 183 Brazil coffee sellers in wake of US tariffs

SAO PAULO, Aug 3 (Reuters) - China has approved 183 new Brazilian coffee companies to export products to the Chinese market, according to a social media post of the Chinese embassy in Brazil on Saturday.
The measure, a boon to local exporters after the United States government's announcement of steep tariffs on Brazilian coffee and other products, took effect on July 30.

The new Chinese export permits are valid for five years, according to the post.

The U.S.'s 50% tariff on some Brazilian products will begin on August 6.

The levy represents a challenge for commodities traders and Brazilian coffee exporters, who need to find alternatives for the roughly 8 million bags sold to U.S. coffee processors every year.
...



https://www.reuters.com/world/china/china-welcomes-183-brazil-coffee-sellers-wake-us-tariffs-2025-08-03/

[velik_m]

It's the worst time to be an American farmer in decades

America's farmers are locked in a generational crisis, fending off an array of threats that could jeopardize food supplies and spell financial disaster for those often hailed as the "backbone of the nation."

"They love their way of life, and they love that dirt," President Donald Trump said this week, in a somewhat off-piste response to a question on the importance of farmers. "They don't know how to do anything else, but they don't want to do anything else."

But the current storm of rising debt, declining commodity prices and labor shortfalls has begun to echo the great Farm Crisis of the 1980s and may be testing the love farmers hold for their profession.

Farm sector debt is expected to reach a record $561.8 billion in 2025, according to data from the U.S. Department of Agriculture, up 3.7 percent from 2024. The Kansas City Federal Reserve has attributed this primarily to increased lending for small- and mid-sized farms.

This growing financial pressure has also pushed up bankruptcies. Researchers at the University of Arkansas recently found that Chapter 12 filings—specifically for farmers and family fishermen—reached 88 in the first quarter of the year, nearly doubling the previous year's figure.
...



https://www.msn.com/en-us/money/news/it-s-the-worst-time-to-be-an-american-farmer-in-decades/ar-AA1JOx7N

[velik_m]

Trump raises India tariffs to 50% over Russian oil purchases

The White House announced Wednesday that it is imposing an additional 25% tariff on India, bringing the total levies against the major United States trading partner to 50%.

“I find that the Government of India is currently directly or indirectly importing Russian Federation oil,” President Donald Trump said in an executive order.

“Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25 percent,” the executive order reads.

The new tariffs are set to go into effect in 21 days, according to the order, while the previously announced 25% tariffs are set to take effect on Thursday.

Trump’s new tariff rate on India is now among the highest levies on any of the United States’ trading partners.

...



https://www.cnbc.com/2025/08/06/trump-trade-india-tariffs-russia.html

[Blake]

So the punishment for India purchasing oil from Russia is to make our prices go higher.

Take that, India!

[Winehole23]

import taxes are paid by who?

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:psiqmmbpwykt2utr7f4atav2/bafkreif7245btbqnxccb66d2dhtnfcqr47x4w4xe4x75eze4e erfyhng7q@jpeg

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:ve5am7qox23bchh6hhzozilq/bafkreiape7oyshlj4jiejo2ffo3e5mzg4463ykivsz2uprbyu uau6lmcca@jpeg

[Winehole23]

not written down deals lead to confusion and frustration



https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:drsbn6kbvnlk4kxts25fhzo7/bafkreieiieepldpfovd2v7yqty6aiha65zcn3ezzr5ogpdhjz nbrt7kkoe@jpeghttps://www.japantimes.co.jp/business/2025/08/07/economy/reciprocal-tariff-effective/

[Winehole23]

“.. “A country which throws rocks at us in trade shouldn’t get a present.”


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreihabxioxjryug7kzkt33nvh2maucycdzpsjajzrced5u fbbkvtoki@jpeg

[Spurs Homer]

My suddenly-twice as expensive coffee i enjoy most mornings...does not taste twice as good...


winning!

[Blake]

My suddenly-twice as expensive coffee i enjoy most mornings...does not taste twice as good...


winning!

No no mix it with lib tears and it's more delicious than ever and completely worth whatever it costs.

[SnakeBoy]

muh coffee :cry

[ChumpDumper]

What are the tariffs for?

You never answer.

[Winehole23]

muh coffee :cryhow do Trump's big, new import taxes help the USA?

[velik_m]

China’s Exports Keep Defying Expectations With Accelerating Growth in July

China’s exports grew at a faster clip in July, showing that U.S. tariffs so far haven’t curtailed China’s export machine, although trade with America has fallen.

Chinese outbound shipments rose 7.2% last month from a year earlier on a dollar-denominated basis, up from a 5.8% increase in June, the General Administration of Customs said Thursday.

Exports to the U.S. fell 22% in July from the year prior, according to the government data. That compared with a 16% decline in June and a 35% drop in May.

After escalating tit-for-tat tariff increases earlier this year, the U.S. and China have lowered their duties on each other under a trade truce that is set to expire Aug. 12 but could be extended. Negotiations between Washington and Beijing have continued, with Treasury Secretary Scott Bessent describing recent talks in Stockholm as constructive.

So far in 2025, China’s overall exports have defied economists’ expectations in the face of higher U.S. tariffs. While trade with the U.S. has fallen, China has more than made up for it with increased exports to the rest of the world.

That has helped keep China’s economy growing. For the first half of the year, China reported 5.3% year-over-year economic growth, driven by a 5.9% increase in exports.

...



https://www.msn.com/en-us/money/markets/china-s-exports-keep-defying-expectations-with-accelerating-growth-in-july/ar-AA1K3uMm

[velik_m]

India pauses $3.6 billion deal to acquire Boeing jets after Trump announces 50% tariffs: Reports

India has reportedly pressed pause on a $3.6 billion deal to procure Boeing jets from the US following the imposition of 50% tariffs. The original deal for six additional Boeing P-8I maritime patrol aircraft was approved by the US State Department in 2021 for $2.42 billion. The price has soared in the ensuing years due to supply chain disruptions, inflation, and the tariffs imposed by US President Donald Trump.

According to reports citing defence sources, the decision was taken due to a nearly 50% hike in project costs. The sharp spike in price has been driven in part by the 25% tariffs imposed by Trump at the beginning of August — which made parts and components related to the aircraft procurement significantly more expensive for Boeing. These costs have since been passed down to the buyers (in this case the Indian government).

...



https://www.financialexpress.com/india-news/india-pauses-3-6-billion-dealnbspto-acquire-boeing-jets-after-trump-announces-50-tariffs-reports/3939801/

[Winehole23]

https://www.financialexpress.com/india-news/india-pauses-3-6-billion-dealnbspto-acquire-boeing-jets-after-trump-announces-50-tariffs-reports/3939801/Trump's strategy of putting everybody in pain is going to stimulate contempt, whether countries play ball or not

[Winehole23]

good luck getting your refund, Japan

your counterparty isn't agreement capable


The United States has promised to amend an erroneous presidential executive order on tariffs to properly implement a trade deal reached with Japan about two weeks ago, a Japanese economic policy minister said Thursday.

After talks with U.S. Cabinet members in Washington, Ryosei Akazawa, Japan's chief tariff negotiator, told reporters that the United States has also agreed to refund any excess duties collected due to the mistake.

The issue at stake was whether a 15 percent tariff set by U.S. President Donald Trump for imports from Japan would be stacked on top of other duties already in place.

Japan had insisted that it would not under the bilateral deal Akazawa sealed with Trump on July 22 when he was last in the U.S. capital.

But Trump's country-specific tariffs took effect at 12:01 a.m. Thursday without granting Japanese imports any special treatment, sending shockwaves through political and business circles.

After meetings lasting about three hours with Commerce Secretary Howard Lutnick and half an hour with Treasury Secretary Scott Bessent, Akazawa said the U.S. side had expressed "regret" over Washington's failure to accurately reflect the bilateral deal in Trump's executive order.

Akazawa said Trump's trade team has committed to correcting the directive that modified tariff rates on dozens of countries "at the right time" and rectifying the situation.

"They explained that refunds will apply retroactively for payments in excess of the agreement between Japan and the United States, dating back to (Thursday)," he said.
https://english.kyodonews.net/articles/-/58878

[Winehole23]

net loss on record revenues for Ford in Q2 because of $800M in tariff charges

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:j2kmiyhld5btzozgzwy3lc2m/bafkreid7lusyit6ow3qajt7qqrtlq3xsn5sghlexeiewmunqg gswfaycce@jpeg

[velik_m]

Swiss Politicians Push to Cancel F-35 Fighter-Jet Deal After US Tariffs

...
“A country which throws rocks at us in trade shouldn’t get a present,” said Green lawmaker Balthasar Glättli, who in spring submitted a proposal to abort the procurement project, which could be discussed in parliament as soon as September.

Cedric Wermuth, co-president of the Swiss Social Democrats, demanded a renewed plebiscite, “so that the population can stop the procurement,” he told Bloomberg in an emailed statement.

The leftist proposals are set to garner support beyond their own ranks, as the tariff chaos of last week has broadened the front of politicians that question whether buying from Lockheed Martin would be the right choice as geopolitical realities shift.

Thirty-six planes represents about a third of what the company delivered in 2024. Lockheed Martin has faced headwinds already this year, taking $1.6 billion in charges when reporting earnings in July while the Pentagon sharply cut its proposed purchase of F-35s for fiscal 2026 and poured more money into rivals’ programs.

“I don’t know how our people will accept the purchase of F-35 fighter jets at prices higher than originally assumed — especially after the American tariff shock,” said Hans-Peter Portmann, a Liberal lawmaker and fellow party member of Swiss President Karin Keller-Sutter.
...



https://www.swissinfo.ch/eng/swiss-politicians-push-to-cancel-f-35-fighter-jet-deal-after-us-tariffs/89796985

[Winehole23]

the Marxist-Leninist US Chamber of Commerce raises a voice in defense of small businesses


In order to estimate the tariff impact on small business importers, the Chamber applied the applicable country-level tariffs announced on July 31 (or where applicable the existing tariff rate) to the known-level of small business imports.

Based on that calculation, we estimate that if American small businesses maintain the same level of imports at these new tariff rates, they will face a $202 billion annual tariff tax.

It is important to note that in some instances this may understate the level of tariffs imposed on small businesses.
https://www.uschamber.com/tariffs/latest-tariffs-spell-200-billion-annual-tax-for-small-businesses

[velik_m]

Brazilian president on talking with Trump: ‘I won’t humiliate myself’

Brazilian President Luiz Inácio Lula da Silva said he would not initiate trade talks with President Trump after U.S. tariffs on Brazilian goods spiked to 50 percent on Wednesday.

“The day my intuition says Trump is ready to talk, I won’t hesitate to call him,” Lula told Reuters from his presidential residence.

“But today my intuition says he doesn’t want to talk. And I won’t humiliate myself,” he added.

Lula has struggled to make headway with Trump, a close ally of his predecessor Jair Bolsonaro. Bolsonaro faces criminal charges for attempting to overthrow the current Brazilian administration, which Trump cited in his initial announcement about raising tariffs on Brazil.

Lula said he would focus on examining domestic measures to cushion the economic blow, and explore the possibility of a joint response to U.S. tariffs with other nations in the so-called BRICS alliance, made up of Brazil, Russia, China, India, South Africa and other nations.

...

“It’s the president of the United States thinking he can dictate rules for a sovereign country like Brazil. It’s unacceptable,” Lula told Reuters.

“What Trump did with Zelensky was humiliation. That’s not normal. What Trump did with Ramaphosa was humiliation. One president can’t be humiliating another. I respect everyone and I demand respect,” he later added, referring to the Ukrainian and South African presidents.

Lula and Trump are expected to cross paths at the United Nations in September or during climate talks in November, which could provide an opportunity for candid conversations.

The Brazilian leader said he will not shy away from discussions but maintained that talks should remain cordial.



https://thehill.com/policy/international/5442347-lula-trump-trade-brazil-tariffs/

[Winehole23]

NVIDIA and AMD pay kickbacks to the US government to get around Trump's import controls


https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:57vlzz2egy6eqr4nksacmbht/bafkreihxhz4xranr6qjymdbbvde5iue2hazw3ofwqyf4b26u2 xf2k4alji@jpeg

[Winehole23]

imperial gloss



So: Nippon Steel has provided a specific person, President of the United States Donald J. Trump, with governing power over their subsidiary corporation, a company worth (as of last week) $14 billion dollars. He holds this power not as an owner of equity, or as a director with fiduciary duties to equity owners, but simply by virtue of his office and political power.

To be blunt: is the kind of thing corporations do to satisfy autocrats. Only in a personalist dictatorship do you give the head of state a role in your foundational corporate charter; it’s a courtier’s pact, made to curry special favor, and bind a political patron to the business.

What’s curious, here, is not that corporations are seeking Trump’s favor – his constant (https://www.newsweek.com/abcs-15-million-obeisance-donald-trump-opinion-2001526)demands (https://www.newsweek.com/donald-trump-gets-25-million-meta-new-settlement-report-2023197) for bribes (https://www.wsj.com/business/media/mediator-proposes-20-million-settlement-in-trumps-cbs-suit-ed04c3e3) are by now a regular feature of American governance, part of the wider MAGA Restoration’s effort to manage government as a protection racket (https://www.newsweek.com/don-ald-turns-presidency-protection-racket-opinion-2026180). Nor is it surprising, these days, that the President of the United States has arranged matters such that his office provides him with ill-gotten cash flows (https://www.bloomberg.com/news/articles/2025-06-14/trump-earned-57-7-million-from-crypto-venture-disclosure-shows) through ownership of corporate ownership (https://www.forbes.com/sites/danalexander/2025/06/19/trump-company-reduces-its-stake-in-crypto-venture/) or licensing of corporate asset (https://www.usatoday.com/story/news/politics/2025/06/18/t1-phone-trump-mobile-gold/84245927007/)s; that, too, is standard federal procedure now.

No, what’s odd about this U.S. Steel deal is that the Trump regime appears to have arranged personalized governing power over a corporation, without acquiring ownership. They seized the opportunity to assert sovereign authority over a national enterprise, through a single person, not an owner’s property rights. In U.S. Steel, they have recreated the powers of a king.
https://daelnorwood.com/2025/06/27/autocracy-incorporated/

[DMX7]

NVIDIA and AMD pay kickbacks to the US government to get around Trump's import controls


https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:57vlzz2egy6eqr4nksacmbht/bafkreihxhz4xranr6qjymdbbvde5iue2hazw3ofwqyf4b26u2 xf2k4alji@jpeg

I don't like it and it's weird. That said, nVidia pays a pretty low tax rate considering how much money it makes, so it's not completely outrageous.

[ChumpDumper]

I don't like it and it's weird. That said, nVidia pays a pretty low tax rate considering how much money it makes, so it's not completely outrageous.:lmao you always find a way to support whatever Trump does.

[velik_m]

So Nvidia can't export certain chips to China because "security concerns", but if they pay some money the security concerns disappear and USA is safe.

[DMX7]

:lmao you always find a way to support whatever Trump does.

No, I really don't support everything he does but your hatred of Trump makes it impossible for you to see this and many other things clearly.

[velik_m]

US and China reportedly agree to critical extension, preventing tariff surge on the world’s two largest economies

The United States and China agreed to pause tariff hikes on each other’s goods for an additional 90 days, according to multiple reports citing White House officials. Without the agreement, tariffs were set to immediately surge, risking a return to ultra-high levels that had formed an effective blockade on trade between the world’s two largest economies.

The news, first reported by CNBC, comes hours ahead of a 12:01 am ET deadline when tariffs on Chinese goods were set to rise to 64% from 30%. It’s unclear what rates China would have charged on American goods, which are currently subject to minimum 10% tariffs.

It also comes after President Donald Trump imposed a slew of “reciprocal” tariffs on trading partners around the world, which have raised the United States’ effective tariff rate to levels not seen since the Great Depression.

CNN reached out to White House officials for comment.

Higher tariffs on Chinese goods, America’s second-largest source of imports, would have almost certainly raised the costs many American businesses and consumers could pay — or already are paying — because of increased import taxes Trump enacted.
...


https://edition.cnn.com/2025/08/11/economy/us-china-tariff-extension

TACO.

[DMX7]

So Nvidia can't export certain chips to China because "security concerns", but if they pay some money the security concerns disappear and USA is safe.

There are limited security concerns but not enough to completely ban nVidia's lower-end chips from being exported.

There's disagreement about the extent of security concerns within the Republican Party but Trump gets the final say.

[ChumpDumper]

No, I really don't support everything he does but your hatred of Trump makes it impossible for you to see this and many other things clearly.
What's the upside here selling the chips to China?

List them along with the cons.

I hate Trump because he is a shit president and a worse human being.

[DMX7]

What's the upside here selling the chips to China?

List them.

They're not selling nVidia's best chips to China.

[ChumpDumper]

They're not selling nVidia's best chips to China.Edited.

Great, they already undercut all our AI companies using shitty chips.

Tell us the upside of selling them more.

[DMX7]

Great, they already undercut all our AI companies using shitty chips.

No, they didn't. :lol


Tell us the upside of selling them more.

Here's just a few:

1.) nVidia, an American company, makes more money
2.) US taxpayers get a cut of said money
3.) China uses nVidia's "AI stack" which helps it become more of a global standard in AI
4.) China also becomes more dependent on nVidia chips

[ChumpDumper]

No, they didn't. :lol :lol of course they did. Where have you been?




Here's just a few:

1.) nVidia, an American company, makes more money
2.) US taxpayers get a cut of said money
3.) China uses nVidia's "AI stack" which helps it become more of a global standard in AI
4.) China also becomes more dependent on nVidia chips

So helping Nvidia become a monopoly helps consumers how?

List them along with the cons.

[Winehole23]

There's a chance Trump's pretextual tariff emergency could be declared illegal in the VOS Selections lawsuit

Solicitor General John Sauer thinks the US would be ruined if forced to pay back illegally laid and collected import taxes


https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:bbp2b224lro3bfnzcqwwnkfo/bafkreiehslpkx4ajz64xvtp32lqvxgbrdvtzuq4ls5zti72uk 2umzckszu@jpeghttps://storage.courtlistener.com/recap/gov.uscourts.cafc.23105/gov.uscourts.cafc.23105.154.0.pdf

[DMX7]

:lol of course they did. Where have you been?.

Of course they haven't. You've made this up or you literally don't know what you're talking about. :lol



So helping Nvidia become a monopoly helps consumers how?

List them along with the cons.

American consumers will have different choices and some companies will continue to design their own chips to meet their own needs.

Like it or not, there are going to be a handful of major players in AI chips (including China's Huawei), so why not have an American company be the biggest and best? Sounds good to me.

[ChumpDumper]

Of course they haven't. You've made this up or you literally don't know what you're talking about. :lol:lmao you really don't know anything about Chinese AI.




American consumers will have different choices and some companies will continue to design their own chips to meet their own needs.Which ones are making chips for the major AI companies?

I'd love to see their sales compared to Nvidia.

[ChumpDumper]

Trump steel plant explodes.

Going great.

[Winehole23]

There's a chance Trump's pretextual tariff emergency could be declared illegal in the VOS Selections lawsuit

Solicitor General John Sauer thinks the US would be ruined if forced to pay back illegally laid and collected import taxes

https://storage.courtlistener.com/recap/gov.uscourts.cafc.23105/gov.uscourts.cafc.23105.154.0.pdfSauer is lying about foreign countries paying us trillions of dollars, btw

[Winehole23]

You've been crying for higher taxes for a decade, what changed your mind?Taxes for what?

A Trumpy gangster/police state? To partially offset massive tax cuts for rich people?

No thanks

[Winehole23]

Monumentally stupid. Trump is tripping off the deep end.you were only getting ready to kiss Donald Trump's ass again six years later

[Winehole23]

I don't like it and it's weird. That said, nVidia pays a pretty low tax rate considering how much money it makes, so it's not completely outrageous.it's 100% illegal to lay export taxes in the USA


Nvidia and AMD to pay 15% of China chip sale revenues to US government (https://www.ft.com/content/cd1a0729-a8ab-41e1-a4d2-8907f4c01cac) (archived (https://archive.ph/MUjhS#selection-1571.0-1575.91))

Chipmakers agree to unusual arrangement to secure export licences from Trump administration


Nvidia and AMD have agreed to give the US government 15 per cent of the revenues from chip sales in China, as part of an unusual arrangement with the Trump administration to obtain export licences for the semiconductors.

The two chipmakers agreed to the financial arrangement as a condition for obtaining export licences for the Chinese market that were granted last week, according to people familiar with the situation, including a US official.


The US official said Nvidia agreed to share 15 per cent of the revenues from H20 chip sales in China and AMD will provide the same percentage from MI308 chip revenues. Two people familiar with the arrangement said the Trump administration had not yet determined how to use the money.


The U.S. under Trump is imposing export duties on U.S. companies. This is, like the arbitrary imposing of tariffs on imports, highly illegal. Under the U.S. constitution not even Congress (https://en.wikipedia.org/wiki/Article_One_of_the_United_States_Constitution#Sect ion_9:_Limits_on_Federal_power) would be allowed to do this:


Section 9 Clause 5

No Tax or Duty shall be laid on Articles exported from any State.


Trump arbitrarily imposed export restrictions on certain computer chips made by Nvidia and AMD on national security grounds. He then used these export restrictions to blackmail the companies into agreeing to pay a certain 'kick back' tax to the U.S. government. Once they did the export restrictions were lifted.


As the NY Times reports (https://www.nytimes.com/2025/08/10/technology/us-government-nvidia-amd-chips-china.html) (archived (https://archive.ph/6GJKh#selection-517.0-521.150)):


While the Trump administration publicly said a month ago that it was giving the green light to Nvidia to sell an A.I. chip called H20 to China, it did not actually issue the licenses making those sales possible.

On Wednesday, Jensen Huang, Nvidia’s chief executive, met with President Trump at the White House and agreed to give the federal government its 15 percent cut, essentially making the federal government a partner in Nvidia’s business in China, said the people familiar with the deal. The Commerce Department began granting licenses for A.I. chip sales two days later, these people said.
...
The deal agreed to last week could funnel more than $2 billion to the U.S. government. Nvidia was expected to sell more than $15 billion worth of its H20 chip to China through the end of the year, and AMD was expected to sell $800 million, according to Bernstein Research.


If I were a Nvidia shareholder I would immediately sue the U.S. over this.


That such a deal was agreed to by Trump proves that the export restrictions previously imposed on H20 chips arbitrary and were never for national security reasons. (By the way: the $2 billion the U.S. is gaining from this deal is couch lint compared to the Pentagon budget.) The restrictions on sales were solely imposed to extort Nvidia (https://www.washingtonpost.com/technology/2025/08/10/nvidia-amd-china-chips-deal-trump/), illegally, into paying additional taxes:


Christopher Padilla, a top export control official in the George W. Bush administration who is now a senior adviser with the Brunswick Group consulting firm, echoed those fears, describing the deal as “unprecedented and dangerous.”

“Export controls are in place to protect national security, not raise revenue for the government,” Padilla said. “This arrangement seems like bribery or blackmail, or both.’’

https://www.moonofalabama.org/2025/08/trump-extorts-companies-to-pay-taxes-on-exports.html

[Winehole23]

record import duties at customs

US trade deficit still increases

[velik_m]

Trump wants people to buy American. Interest in doing so is plummeting, new poll finds

U.S. consumers are now significantly less interested in buying American-made goods than they were three years ago, according to a new survey.

In a report released last week, the Conference Board — a business research nonprofit — said the share of consumers expressing a preference for products "made in the USA" went down from 60 percent in May 2022 to 50 percent this June.

The survey asked 3,000 people whether being told that a product they had previously bought and enjoyed was manufactured in various countries would make them more likely to buy it again.

Although the U.S. still scored highest on that question, both it and every other country had lost ground, suggesting today's consumers are less compelled by country of origin in general.

...

"Country-of-origin cues still matter — but their influence is slipping," she said. “As price concerns intensify, many U.S. consumers appear to associate 'made in' labels with elevated prices due to generally higher domestic production costs as well as tariffs on foreign-made goods.

"Increasingly, consumers prioritize value and affordability over emotional affinity for certain countries, including their own."

In other words, consumers are feeling more hard up and worried about price, perhaps leading them to associate "made in" labels with more expensive products.

...



https://www.independent.co.uk/news/world/americas/trump-tariffs-buy-american-prices-b2805841.html

[Winehole23]

https://www.independent.co.uk/news/world/americas/trump-tariffs-buy-american-prices-b2805841.htmlthreaten and bully the whole world and they don't love you for it?

imagine that

[koriwhat]

threaten and bully the whole world and they don't love you for it?

imagine that

Fuck the rest of the world!

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:olfnins2juugu6ljkdvqndjz/bafkreihr2q7xxlalezj7jmm5ufcgpsm2ntocr4kyacetu6o5m qax7admcm@jpeg

[Winehole23]

producer price index came in hot


https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:rlrewm36cj7tjebsd5wqgy2a/bafkreig5ikfubjke23rj4tiipfrc36wvwev7ta5jmc3fbsjeb xvw5gu4fa@jpeg

[Winehole23]

inflation is starting to bite


The cost of wholesale goods and services — where rising inflation tends to show up first — posted the biggest increase in July in three years, possibly heralding a sizable acceleration in price hikes tied to U.S. tariffs.


The producer price index jumped 0.9% last month after no change in June, the government said Thursday. (https://www.dol.gov/ui/data.pdf)


Some but not all of the increase occurred in goods directly affected by tariffs. Food was the biggest contributor to higher wholesale prices last month.


The yearly rate of wholesale inflation climbed to 3.3% from 2.3% — a five-month high.


Another gauge known as the core rate that is seen as a more stable measure of wholesale inflation rose 0.6% in July. That was the biggest increase in three and a half years.


The 12-month increase in the core rate moved up to 2.8% from 2.5%.


The wholesale report doesn’t capture the cost of imports as well as the consumer price index, but the CPI also showed a stiffer increase in July. (https://www.marketwatch.com/story/key-inflation-rate-shows-biggest-rise-in-6-months-cpi-shows-but-fed-rate-cut-still-appears-in-play-63b2f5a3?mod=article_inline)
https://www.marketwatch.com/story/wholesale-prices-post-biggest-surge-in-three-years-ppi-shows-sign-of-tariff-related-inflation-1cdc1dde

[velik_m]

Wholesale prices rose 0.9% in July, much more than expected

Wholesale prices rose far more than expected in July, providing a potential sign that inflation is still a threat to the U.S. economy, a Bureau of Labor Statistics report Thursday showed.

The producer price index, which measures final demand goods and services prices, jumped 0.9% on the month, compared with the Dow Jones estimate for a 0.2% gain. It was the biggest monthly increase since June 2022.

Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022.

...

With CPI coming in right around expectations earlier this week, markets had been pricing a virtual certainty that the Fed will lower its key interest rate when it meets next in September. Following the release, market-implied odds of a September cut decreased but only slightly, according to the CME Group’s FedWatch tool. Traders did substantially lower the probability for three cuts this year.

“The large spike in the Producer Price Index this morning shows inflation is coursing through the economy, even if it hasn’t been felt by consumers yet,” wrote Chris Zaccarelli, chief investment officer at Northlight Asset Management. “Given how benign the CPI numbers were on Tuesday, this is a most unwelcome surprise to the upside and is likely to unwind some of the optimism of a ‘guaranteed’ rate cut next month.”

...


https://www.cnbc.com/2025/08/14/ppi-inflation-report-july-2025-.html

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:dded4p624qyw22kx3uzvjqsh/bafkreiettwqdxqagvuqwmluw3tbl2zstshth3l6uobseumn7n v4tfgqvr4@jpeg

[Winehole23]

https://www.axios.com/2025/08/14/inflation-vegetables-ppi

[velik_m]

US Producer Prices Rise by Most in Three Years on Services

...
“The question for policymakers, still to be resolved, is how much of these price increases are absorbed by wholesalers, retailers and resellers,” Carl Weinberg, chief economist at High Frequency Economics, said in a note. “This report is a strong validation of the Fed’s wait-and-see stance on policy changes.”

Economists pay close attention to the PPI report because some of its components are used to calculate the Fed’s preferred measure of inflation — the personal consumption expenditures price index. While health care categories came in soft, airline passenger services and portfolio management jumped. The latter was largely expected due to a rising stock market.

The BLS data showed food prices accounted for 40% of the advance in final goods costs, largely due to vegetables. A less-volatile PPI metric that excludes food, energy and trade services also rose from a month earlier by the most since 2022.

The PPI report showed the costs of processed goods for intermediate demand, which reflect prices earlier in the production pipeline, jumped 0.8% — the most since the start of the year and largely due to diesel fuel.

A separate report showed initial claims for unemployment benefits were little changed last week.



https://www.bloomberg.com/news/articles/2025-08-14/us-producer-prices-rise-by-most-in-three-years-on-services

[Winehole23]

my working hypothesis is that Trump likes to tariff industrial inputs because affected firms will approach him for carve outs

big companies will be able to afford the carve outs, small ones won't, the cost gets passed on to the consumer regardless



TRUMP ON TRADE: I'LL BE SETTING TARIFFS ON STEEL, CHIPS NEXT WEEK

[velik_m]

Farmers in US midwest squeezed by Trump tariffs and climate crisis

...
With the soybean harvest in the midwest set to start about a month from now, and corn following weeks later, the fear that China may not buy a single shipload of grain this season is growing for many.

“With [tariffs] in place, we are not competitive with soybeans from Brazil. Our marketing year starts 1 October and usually by now we’d see China making commitments to pre-purchases for soybeans. China has not made a single purchase for US soybeans,” says Virginia Houston, director of government affairs at the American Soybean Association, a lobbying organization.

“No market can match China’s demand for soybeans. Right now, there is a 20% retaliatory duty from China.”

To appease his farming base, the Trump administration announced $60bn in subsidies for farmers over the next decade in the recent tax bill, but that has drawn criticism from those who say that farmers shouldn’t be subsidized on taxpayers’ dime.

Others have reported that funding is going to select producers in specific regions of the US, benefiting bigger producers rather than family farms. Adding to the export challenges, the price of commodity crops in the US has been in steady decline for the past three years due to a smaller cattle herd and falling ethanol production.
...



https://www.theguardian.com/us-news/2025/aug/16/farmers-trump-tariffs-climate-change

[Winehole23]

Others have reported that funding is going to select producers in specific regions of the US, benefiting bigger producers rather than family farms.

[Blake]

https://www.theguardian.com/us-news/2025/aug/16/farmers-trump-tariffs-climate-change

Of course there are more bailouts coming. It's always the end result for republicans when pure capitalism fails.

[Winehole23]

deals that aren't written down aren't really deals


As my Bloomberg colleagues reported over the weekend, US trading partners who thought they had secured deals with the Trump administration are getting increasingly frustrated with delays in finalizing what were really only tentative pacts.


Trump, for one, hasn’t signed an executive order implementing the smaller tariff increase, and the US is continuing to apply maximalist tariffs that other countries had supposedly negotiated away. European Union, Korean and Japanese cars entering the US are still being taxed at 25% rate when Trump agreed that they would face a 15% rate.



Even that lower rate is already six times what imported cars faced until a few months ago and the financial consequences are significant. Toyota recently said it expected a hit of $9.5 billion from Trump’s tariffs.


“The bleeding hasn’t stopped,” Japan’s chief trade negotiator Ryosei Akazawa said Friday of the country’s car industry. “We want the US to sign the executive order as soon as possible.”


The UK, meanwhile, is still waiting to finalize steel tariffs (https://www.bloomberg.com/news/articles/2025-07-17/uk-pushes-us-to-drop-key-sticking-point-to-steel-trade-deal) Trump agreed — more than three months ago — to cut to a zero rate for at least an initial quota.
https://www.bloomberg.com/news/newsletters/2025-08-18/trade-war-latest-trump-tariff-deals-state-of-play

[velik_m]

Home Depot says it will raise some prices because of tariffs

Home Depot said Tuesday that some of its prices could be going up because of the cost of tariffs.

Until now, America’s largest home improvement retailer has limited what it has said about the impact of tariffs on its prices. But after reporting quarterly results Tuesday, CFO Richard McPhail said Home Depot would have to implement some price increases as a result of the Trump administration’s taxes on imports.

“For some imported goods, tariff rates are significantly higher today than they were at this time last quarter,” he said in an interview with the Wall Street Journal that was confirmed by the company to CNN. “So as you would expect, there will be modest price movement in some categories, but it won’t be broad based.”

...

Despite sales in the quarter jumping 5% from last year, Home Depot’s net income slipped 0.2% over the same time period due to higher operating costs. The company believes its full-year earnings per share will fall 2% as economic uncertainty and high interest rates are keeping many consumers from moving forward with major home renovation plans.

“Certainly some relief on mortgage rates in particular could help,” CEO Ted Decker said on the earnings call. Mortgage rates have spent most of the year stuck just under 7%.

“When we talk to our customers… both consumers and pros, the number one reason for deferring the large project is general economic uncertainty. That is larger than prices of projects, of labor availability. By a wide margin, economic uncertainty is number one,” he added.

...



https://edition.cnn.com/2025/08/19/economy/home-depot-tariffs-prices

[velik_m]

Trump expands 50% steel and aluminum tariffs to include 407 additional product types

The Trump administration has quietly expanded its 50% steel and aluminum tariffs to include more than 400 additional product categories, vastly increasing the reach and impact of this arm of its trade agenda.

The new tariffs, which took effect Monday, expand the scope of the levies that President Donald Trump previously announced on the valuable commodities. The tariff list now covers products such as fire extinguishers, machinery, construction materials and specialty chemicals that either contain, or are contained in, aluminum or steel.

“Auto parts, chemicals, plastics, furniture components—basically, if it’s shiny, metallic, or remotely related to steel or aluminum, it’s probably on the list,” Brian Baldwin, vice president of customs at Kuehne + Nagel International AG wrote on LinkedIn of the expanded list.

...

The release from the agency links out to a list that identifies the newly included product types only by the specific customs codes that apply to them, not by what the products are actually called.

For example, the Commerce Department identifies the product category of fire extinguishers only as “8424.10.0000,” a 10-digit code buried among hundreds of other 10-digit codes.

This format makes it very difficult for the public to get a full picture of all the products that are affected by Monday’s expanded tariffs.

But experts say the impact will be enormous.

“By my count, the steel and aluminum tariffs now affect at least $320 billion of imports based on 2024′s general customs value of imports,” Jason Miller, a professor of supply chain management at Michigan State University, wrote on LinkedIn.

“This will add more inflationary cost-push pressures to already climbing prices that domestic producers are charging as picked up by July’s PPI data,″ he continued.

...



https://www.cnbc.com/2025/08/19/trump-trade-steel-aluminum-tariffs-.html

[Blake]

Tsa posting less and less here. I guess it's harder to post from Korea.

[velik_m]

In Wake of Trump Tariffs, John Deere Announces Mass Layoffs

...
In that same earnings call, John Deere attributed a slowdown in Q3 sales to customer cautiousness amid Trump’s freewheeling tariff policy.

“If you have customers that are concerned about what their end markets are going to look like in a tariff environment, they’re waiting to see the outcomes of what these trade deals look like,” said John Deere executive Cory Reed.

“The primary drivers for the change from last quarter are increased tariff rates on Europe, India, and steel and aluminum,” said Josh Beal, the company’s director of investor relations.

Estimating that tariffs have already cost the company $300 million this year, Beal forecast a full-year tariff impact of nearly $600 million.

...


https://newrepublic.com/post/199266/donald-trump-tariffs-agriculture-john-deere-mass-layoffs

[velik_m]

Canada imported more vehicles from Mexico than from U.S. in June

Canada has traditionally purchased the bulk of its auto imports from the U.S., but now the two countries’ tariff war has changed all that. For the first time in some 30 years, Canada’s single-month imports from Mexico, in June 2025, topped the number of cars it bought from the United States.

According to Bloomberg, citing Statistics Canada, a total of $1.08 billion in passenger vehicles went from Mexico into Canada; while only $950 million came into Canada from American factories (all figures in Canadian dollars). That sort of ratio hasn’t happened since the early 1990s.

Whether that trend will continue has yet to be seen, as figures for July haven’t yet been released. Canada also imported a relatively large number of vehicles from the U.S. ahead of the effective date of the tariffs – about $2.5 billion in February and March, when it usually averages $1.8 billion – which may have given it a cushion while both countries figure out exactly how future trade is going to work.

Statistics Canada reported that all vehicle imports into Canada rose by 6.9% in June, mostly due to that increase from Mexico, following two months of consecutive decline. However, imports of automotive engines and parts into the country fell by 4.8%, “amid declining motor vehicle production in Canada,” the federal agency said.
...


https://driving.ca/auto-news/industry/canada-u-s-mexico-import-tariff-june-2025

[velik_m]

https://www.youtube.com/watch?v=RXXjJbMAs6s

[Blake]

https://driving.ca/auto-news/industry/canada-u-s-mexico-import-tariff-june-2025

MMGA

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreig6wb3yi7grx73n4pncnithl4sawbdeu6r7iaoahw7hz cqnzgwzxa@jpeg

[Winehole23]

IIF: “.. While domestic firms initially absorbed much of the tariff impact through margins and pre-policy inventories, that cushion seems to be now gone. As Q3 unfolds, final goods are expected to be increasingly priced at the new, tariff-inclusive cost base .. shifting .. toward final consumers.”

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreih5xu4objyi4co4kj4wd4iavjaeu5dbiomab64rmf5jr yvqnbhak4@jpeg

[velik_m]

Sony Hikes PlayStation 5 Price To Cover Tariffs And Gamers Are Furious: 'Trump Is 100% To Blame'

Sony has announced a $50 price hike for all three versions of its flagship video game console, the PlayStation 5, in the United States — and social media is furious. The company previously confirmed President Donald Trump’s ongoing trade war could lead to rising prices.

Sony’s vice president of global marketing, Isabelle Tomatis, broke the news Wednesday.

“Similar to many global businesses, we continue to navigate a challenging economic environment,” she wrote. “As a result, we’ve made the difficult decision to increase the recommended retail price for PlayStation 5 consoles in the U.S. starting August 21.”

Buyers will now have to shell out $549.99 for a base model, which originally cost $500 when it hit stores in 2020, and spend almost $500 for a “Digital Edition,” which doesn’t contain a disc drive and initially cost $450 — or spend about $750 for the coveted “Pro” version.
...



https://www.huffpost.com/entry/sony-raises-playstation-5-price-trump-tariffs-social-media_n_68a6ed14e4b0903a790e1abe

[velik_m]

More "emergency" tariffs incoming:


Trump says furniture tariffs are coming later this year

The Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products.

“Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump wrote on his Truth Social platform. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”

Following Trump’s post, shares of top furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled in after-hours trading.

Wayfair imports much of its furniture. RH, formerly Restoration Hardware and Williams-Sonoma have been working to diversify their supply chains.
...



https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html

[velik_m]

More "emergency" tariffs incoming:


Trump says furniture tariffs are coming later this year

The Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products.

“Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump wrote on his Truth Social platform. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”

Following Trump’s post, shares of top furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled in after-hours trading.

Wayfair imports much of its furniture. RH, formerly Restoration Hardware and Williams-Sonoma have been working to diversify their supply chains.
...



https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html

[velik_m]

More "emergency" tariffs incoming:


Trump says furniture tariffs are coming later this year

The Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products.

“Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump wrote on his Truth Social platform. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”

Following Trump’s post, shares of top furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled in after-hours trading.

Wayfair imports much of its furniture. RH, formerly Restoration Hardware and Williams-Sonoma have been working to diversify their supply chains.
...



https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html

[velik_m]

More "emergency" tariffs incoming:


Trump says furniture tariffs are coming later this year

The Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products.

“Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump wrote on his Truth Social platform. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”

Following Trump’s post, shares of top furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled in after-hours trading.

Wayfair imports much of its furniture. RH, formerly Restoration Hardware and Williams-Sonoma have been working to diversify their supply chains.
...



https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html

[velik_m]

dupe

[velik_m]

More "emergency" tariffs incoming:


Trump says furniture tariffs are coming later this year

The Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products.

“Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump wrote on his Truth Social platform. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”

Following Trump’s post, shares of top furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled in after-hours trading.

Wayfair imports much of its furniture. RH, formerly Restoration Hardware and Williams-Sonoma have been working to diversify their supply chains.
...



https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html

[velik_m]

More "emergency" tariffs incoming:


Trump says furniture tariffs are coming later this year

The Trump administration has launched an investigation into imported furniture, President Donald Trump said Friday, setting the stage for new tariffs on a wide range of products.

“Within the next 50 days, that Investigation will be completed, and Furniture coming from other Countries into the United States will be Tariffed at a Rate yet to be determined,” Trump wrote on his Truth Social platform. “This will bring the Furniture Business back to North Carolina, South Carolina, Michigan, and States all across the Union.”

Following Trump’s post, shares of top furniture and home goods companies, including Wayfair, RH and Williams-Sonoma, tumbled in after-hours trading.

Wayfair imports much of its furniture. RH, formerly Restoration Hardware and Williams-Sonoma have been working to diversify their supply chains.
...



https://www.cnbc.com/2025/08/22/trump-tariffs-furniture-trade.html

[Winehole23]

Trump is willing to wreck small businesses because the juice isn't worth the squeeze for him personally


The cost of mailing packages to the US is set to surge after the Trump administration removed a rule exempting packages worth under US$800 from tariffs.


From Friday, packages will be subject to fees relating to the tariff rates applying to their country of origin, making postage much more expensive. Postal services will have to cover the increased cost or pass it on to customers.


Dozens of countries have suspended postal services to the US to take time to adjust to the new rules and account for increased expenses.
https://www.theguardian.com/us-news/2025/aug/26/postal-services-suspend-us-usa-deliveries-how-will-it-affect-yo

[velik_m]

Canada signs ‘game-changing’ trade deal with Indonesia, new defence pact

Indonesian President Prabowo Subianto has signed new agreements on trade and defence cooperation with Prime Minister Mark Carney on Parliament Hill.

The trade deal is comprehensive, meaning it opens up trade in multiple industries with the world’s fourth most populous country.

Carney said the “game-changing” agreement is the first-ever bilateral trade pact signed with a member of the Association of Southeast Asian Nations (ASEAN).

“Once it’s fully implemented, it means that over 95 per cent of the tariffs on Canada’s current exports to Indonesia will be reduced or eliminated,” he told reporters in Ottawa.

“They will all be at preferential rates, making our exports obviously far more competitive.”

The prime minister also announced a new defence cooperation agreement that will “deepen our collaboration on maritime security cyber defence, peacekeeping and military education.”

“This is critical for Canada as part of our Indo-Pacific strategy, and it sends a strong signal to the world that Canada and Indonesia are committed to working together for peace and stability in the region and beyond,” he said.

...


https://globalnews.ca/news/11449417/canada-indonesia-trade-agreement/

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreienh5uwqdkedobnakdtotlr6u4tax2gcglbsywmuu2jv pydutlciq@jpeg

[Winehole23]

https://www.agweb.com/news/business/health/silent-truth-hidden-farm-economy-farmer-suicides-are-rise

[Winehole23]

the Texas oil patch is groaning

https://www.dallasfed.org/research/surveys/des/2025/2503?utm_source=substack&utm_medium=email#tab-comments

[Blake]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreienh5uwqdkedobnakdtotlr6u4tax2gcglbsywmuu2jv pydutlciq@jpeg

Trump already said little girls don't need that extra doll for Christmas so that makes sense

[Winehole23]

"they have no cards"


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreif3zqkpxmlgm2rojsbcwflqqyfxxsoxryvvqs5fejc2h glawxshki@jpeg

[Winehole23]

Trump already said little girls don't need that extra doll for Christmas so that makes senseTrump take away dolly

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:rbffgd2zo6r7rmnklo2nlyy5/bafkreietina2fq4h47oqbxlq2qlridaltyn4zc2mazvonerfh 6s3ot4mny@jpeg

[Winehole23]

he just keeps mashing the button that makes things more expensive


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:e62gb2ushvtvjvqcbrxeaw2n/bafkreib5wf3dhknolbyojoivlczbzqtp7cymia7h26b3bjprq zeeuwctmq@jpeg

[Winehole23]

- 100% tariff on medicine unless its producer starts building a new U.S. factory in the next 5 days

- 25% tariff on trucks

[Winehole23]

blocking cross-border trucking is not likely to reduce prices

episodic car collisions aren't national emergencies, this is more pretextual bullshit


The U.S. Transportation Department said Friday it was issuing an emergency regulation to drastically restrict commercial driver licenses to non-U.S. citizens after a fatal crash in Florida and a government audit.


Non-citizens will not be eligible for a truck-driving license unless they meet new stricter rules, including an employment-based visa, and undergo a mandatory federal immigration status check.

Transportation Secretary Sean Duffy is also launching an enforcement action against California, requiring it to pause issuing some commercial driver licenses to non-U.S. citizens.
https://www.reuters.com/world/us/trump-administration-restricting-commercial-driver-licenses-non-us-citizens-2025-09-26/

[Winehole23]

booga booga

dangerous brown truck drivers

[Winehole23]

blocking cross-border trucking is not likely to reduce prices

episodic car collisions aren't national emergencies, this is more pretextual bullshit

https://www.reuters.com/world/us/trump-administration-restricting-commercial-driver-licenses-non-us-citizens-2025-09-26/beer distributors are going to flip shit over this


Yeah, I'm not one to overly laud the NBWA (https://bsky.app/profile/kleinman.bsky.social/post/3lzqob7lyws2p) but it's a plain fact that its members are an extremely well-organized bloc who understand exactly how much they have to lose and fight accordingly.

[velik_m]

he just keeps mashing the button that makes things more expensive


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:e62gb2ushvtvjvqcbrxeaw2n/bafkreib5wf3dhknolbyojoivlczbzqtp7cymia7h26b3bjprq zeeuwctmq@jpeg

Nothing screams national security like upholstered furniture. Comfy chairs are critical in case of a major war.

[Winehole23]

Nothing screams national security like upholstered furniture. Comfy chairs are critical in case of a major war.And household cabinets

Where is Tylenol kept?

[velik_m]

China Opens Doors For Indian Pharma With Zero Duty, Relief Arrives As US Shuts Out Imports With 100% Tariff

New Delhi: In a major development, China has slashed the 30 percent import duty on Indian pharmaceutical products to zero. This landmark step will allow Indian drug manufacturers to export medicines to China without paying any customs duty. Experts say this decision could boost Indian pharma exports by billions of dollars in the coming years.

The announcement comes just after US President Donald Trump imposed a 100 percent tariff on pharma imports, a move that could hurt India’s large drug-exporting industry. With the US market becoming costlier, China’s decision offers Indian companies an alternative market with strong demand for affordable medicines.

...


https://www.freepressjournal.in/business/china-removes-30-import-duty-on-indian-pharma-big-relief-comes-as-us-hikes-tariffs-to-100

[velik_m]

Under Trump, US cedes its share of China's beef market to Australia

CANBERRA/CHICAGO, Sept 29 (Reuters) - Australian beef has replaced U.S. supply in China since President Donald Trump returned to the White House, funnelling hundreds of millions of dollars that have in previous years gone to the U.S. cattle industry into Australian pockets.

U.S. shipments to China, worth around $120 million a month, collapsed after Beijing in March allowed permits to expire at hundreds of American meat facilities and as Trump unleashed a tit-for-tat tariff war.

Other U.S. farm exports to China, the world's biggest food importer, have also suffered since Trump retook power. On soybeans alone, U.S. farmers have lost out on shipments worth billions of dollars during the current harvest season.

U.S. beef exports have in general declined in recent years as drought shrank the country's cattle herd, reducing production and pushing prices to record highs. But the drop in trade with China has been far more sudden and extreme.

The value of U.S. beef sent to China fell to just $8.1 million in July and $9.5 million in August, Chinese trade data showed, compared to $118 million and $125 million in the same months a year earlier.
Australia has mopped up. Its beef shipments to China shot from $140 million a month in the two years to March to $221 million in July and $226 million in August.

In total, over the five months from April through August, U.S. beef exports to China were worth $388 million less than if trade had remained at the average level of the previous two years. Australian shipments were worth $313 million more.

...


https://www.reuters.com/world/china/under-trump-us-cedes-its-share-chinas-beef-market-australia-2025-09-29/

[velik_m]

Trump announces 100% tariff on foreign-made movies

President Donald Trump said in a Truth Social post on Monday he will be imposing a 100% tariff “on any and all movies that are made outside of the United States.”

Trump did not specify when or how the tariff could be enacted.

If Trump follows through with his threat, it would mark the first time he’s essentially imposed a tariff on a service rather than a good.

The president initially threatened a 100% tariff on foreign-produced movies in May, arguing that other countries offer tax incentives that have drawn filmmakers abroad. In his post on Monday, he singled out California, saying the state “has been particularly hard hit!”

...


https://edition.cnn.com/2025/09/29/economy/trump-movie-tariff

National security!

[Winehole23]

Trump 2.0 is the most extreme, radical and destructive administration ever

[Winehole23]

construction payrolls dip for the first time since 2021

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreieumjoketdn2yanmoeuxxvhofewckomfdz6niam7xt2u sje65boze@jpeg

[Winehole23]

sure sounds like an illegal taxation scheme



https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:xk7r5byhbagg2dehal5cjubm/bafkreifeel3pibvtzr3ydntb7hvf2ukfmiq44iq36uwhro3es xelug26aq@jpeg

[Winehole23]

literally robbing taxpayers then magnanimously offering us back a fraction

with his signature




TRUMP SAYS HE IS CONSIDERING TAXPAYER REBATES OF $1,000 TO $2,000 USING TARIFF MONEY

[Blake]

He's so generous

[Winehole23]

it's true, Trump is screwing everybody

[Winehole23]

“No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law.” - Article 1, Section 9


TRUMP SAYS HE IS CONSIDERING TAXPAYER REBATES OF $1,000 TO $2,000 USING TARIFF MONEY

[Winehole23]

more taxation without representation



https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:rbffgd2zo6r7rmnklo2nlyy5/bafkreien2lbahxk5lysq6n426koifvv3thftipy7vbodwx4c6 bwzkixsne@jpeg

[velik_m]

Trump puts extra 100% tariff on China imports, adds export controls on ‘critical software’

President Donald Trump on Friday said the United States would impose new tariffs of 100% on imports from China “over and above any Tariff that they are currently paying,” starting on Nov. 1.

Trump also said that the U.S., on that same date, would also impose export controls on “any and all critical software.”

The president’s announcement came hours after he threatened to slap “a massive increase” of tariffs on Chinese imports in retaliation for new controls that China imposed on exports of rare earths minerals from that nation.

Around 70% of the global supply of rare earths minerals comes from China. The minerals are essential for high-tech industries, including automobiles, defense and semiconductors.

Trump suggested earlier Friday that he would cancel a meeting with Chinese President Xi Jinping at the upcoming Asia-Pacific Economic Cooperation summit in South Korea because of China’s new controls.

...


https://www.cnbc.com/2025/10/10/trump-trade-tariffs-china-software.html

[velik_m]

China will remove canola tariffs if Canada scraps EV levies: ambassador

China will remove its tariffs on Canadian agriculture — including on canola products — if Canada scraps its levies on Chinese electric vehicles (EVs), that country’s ambassador says.

“If Canada removes the unilateral unjustified tariffs on Chinese products, China will also reciprocate accordingly,” Wang Di said through a translator in an exclusive interview with CTV Question Period airing Sunday. “And if the EV tariffs are removed, then China will also remove the tariffs on the relevant products of Canada.”

Canada has had 100 per cent tariffs on all EVs imported from China since last October, following the United States’ lead. It was a move aimed at protecting domestic manufacturing and national security, according to the federal government at the time.

The previous government also said at the time that China engages in the unfair subsidization of its EV industry, which allows it to flood the market with its product.

Canada also has 25 per cent tariffs in place on Chinese steel and aluminum.

China has since levied tariffs of its own on Canadian agriculture, including notably on canola products, with a 100 per cent tariff on Canadian canola oil and meal and a 75.8 per cent tariff on canola seed.

...


https://www.ctvnews.ca/world/trumps-tariffs/article/china-will-remove-canola-tariffs-if-canada-scraps-ev-levies-ambassador/

[Winehole23]

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:mt3gidkmizmeyqei5vv2t5ip/bafkreif3tkltflnpr73kv4hdy4ntgvapfv66k6oj2pmr7qm4a t4ehawvkm@jpeg

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:mt3gidkmizmeyqei5vv2t5ip/bafkreifi3shcru75cgkm35tpbk4z6744pyvdsg34xpyenmo7u s2ax2tfs4@jpeg

[Blake]

YEAH BUT LOOK AT MYYYY BITCOIN

[Winehole23]

"domestic uses for soybeans"

https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse1.mm.bing.net%2Fth%2Fid%2FOIP. 442ofVzybp6XXyzbf_KfMQHaHa%3Fcb%3D12%26pid%3DApi&f=1&ipt=7e193727c37427b23f304955cfb1d9bbb93ce7a268098e c46394c6551f7bfbf7&ipo=images

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:eivqo2tskdfn4dbrm3dv2mku/bafkreig5mdritwhpbplvak4a444ftsdncw2mth46svszzd4kg jsuam7ive@jpeg

[Winehole23]

US exports also hurt by Trump's illegal tariffs


https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:jpttkpcdhd5xaidg2tovn6e6/bafkreif3enmycor7hizcr5hb4kw6zfhtvzriougags2fverlk fm6bvwzby@jpeg

[Winehole23]

Trump has fucked up the customs house so badly that it's more economical for UPS to destroy packages than wait for the paperwork




https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:ks3gpa6ftoyaq7hmf6c4qx4c/bafkreif56at4cn2jzm4vxi7bhegz34h2eti25do7rtprticpv c3zc32r44@jpeg


"The package is undeliverable and is in the process of being disposed of according to the local guidelines," reads one tracking update sent to several UPS customers Business Insider spoke with and posted widely on a subreddit for UPS users.https://www.businessinsider.com/ups-customers-told-their-us-bound-packages-are-marked-for-destruction-2025-10

[Winehole23]

domestic spirits exports taking it on the chin


American spirit exports to Canada "plummeted" 85 per cent in the second quarter of 2025, with the Distilled Spirits Council of the United States calling the situation "very troubling" as consumers in key international markets opt for alternatives to U.S.-made products amid trade tensions.


The numbers come as American alcohol largely remains off Canadian shelves and unavailable in bars and restaurants as a response to U.S. President Donald Trump's decision to impose tariffs (http://www.cbc.ca/news/politics/trump-tariffs-expected-tuesday-1.7473227) on Canadian goods in early March.

In a report issued earlier this week (https://www.distilledspirits.org/wp-content/uploads/2025/10/Export-Report-2025-Mid-Year-FINAL.pdf), the council said exports to the U.K. and Japan fell 29 per cent and 23 per cent, respectively, but the largest decrease was in Canada. These countries, along with the European Union, accounted for 70 per cent of U.S. spirit exports in 2024.

The council represents producers of spirits such as whisky, vodka, rum and brandy.

"This shift may reflect a broader sentiment that U.S.-imposed tariffs are unfair, prompting consumers to support their domestic industries or seek non-U.S. products in response," the council wrote in a report, noting that sales to Canada had dropped below $10 million US in the second quarter.
https://www.cbc.ca/news/canada/nova-scotia/american-spirit-exports-canada-plummeted-second-quarter-2025-9.6933236

[Winehole23]

he's feeble-minded, in no universe does this sound like a tough guy


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4usmserhjqkvhldgedfjb3jw/bafkreie4gpvz7eonnyitafmhpc7msavmeczy2g4nswgxfifcl 7eq6guumu@jpeg

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreihnc6zmvcbzw375eehebvph6gz7nwdeim54hoc7w3477 agmxzzbpq@jpeg

[velik_m]

TACO


Trump confirms Xi meeting, retreats on 100% tariffs: ‘not sustainable’

In a turnaround from the tough stance he took a week ago, US President Donald Trump said Friday that he planned to meet with Chinese President Xi Jinping in South Korea in two weeks and suggested that imposing an additional 100 per cent tariff on all Chinese goods appeared unworkable.

...



https://www.scmp.com/news/world/united-states-canada/article/3329466/trump-confirms-xi-jinping-meeting-calls-100-china-tariffs-not-sustainable?module=top_story&pgtype=homepage

[Winehole23]

TACO



https://www.scmp.com/news/world/united-states-canada/article/3329466/trump-confirms-xi-jinping-meeting-calls-100-china-tariffs-not-sustainable?module=top_story&pgtype=homepagewhoever knows about the announcements in advance, can get rich in one day

[Winehole23]

Trump's bid for South Amercian beef may undercut domestic producers


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:haw3ukxfc5ppinj2rhd5gcoa/bafkreigsv67egbx4rvectzmfbw5tmbnxwhsqwziietzkkyxlw iwremregi@jpeg

[Winehole23]

US OCT. PHILADELPHIA FED NON-MANUFACTURING INDEX -22.2


(Survey -2.4)

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:pnx2fjuannbdpy3337ggthpp/bafkreidlatpjd7l7yj6ec3qfdnye4rpd2kiax3u4smmlzt7b6 2373f3tca@jpeg

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreibuh4nhdk5cw2epiunpvpqiqrtaxqot3viwuu44p24c3 iaovkrwb4@jpeg


https://www.piie.com/research/piie-c...l-us-household (https://www.piie.com/research/piie-charts/2025/trumps-tariffs-canada-mexico-and-china-would-cost-typical-us-household)

[velik_m]

Canada is rumored to immently remove tariffs on Chinese electric cars

Canada is rumored to remove tariffs on Chinese electric cars soon, as Prime Minister Mark Carney is set to meet with Chinese President Xi Jinping later this week.

This would likely lead to the biggest shake-up in the EV space in North America after the US killing its EV incentives.

Last year, Canada followed the US in imposing 100% tariffs on electric vehicles coming from China.

In hindsight, it was a short-sighted move as it mainly helped the US auto industry while the US government quickly turned hostile on trade with its northern neighbor.

With little progress in trade negotiations with the US, there has been an expectation that Canada would reverse its tariffs on Chinese EVs.

Rumors have been increasing lately amid new developments.

First off, President Trump announced last weekend that he had shut down trade talks with Canada because he was upset that Ontario ran ads featuring President Reagan criticizing tariffs. He suggested that this was inaccurate and the Canadian province might even have used AI to fake the comments. That’s false. Reagan did dislike tariffs, and the video was legitimate.

On the Canadian side, Prime Minister Mark Carney will meet with President Xi Jinping this week at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea.

There are rumors that the two countries might use the opportunity to sign new trade deals.

In China, the rumors point to the country removing restrictions on Canadian canola and pork in exchange for Canada eliminating tariffs on Chinese EVs.
...



https://electrek.co/2025/10/27/canada-rumored-immently-remove-tariffs-chinese-electric-cars/

[Winehole23]

Big TACO

Returning to the status quo ante -- if it happens -- would be a big L for Trump, but a win for the rest of us



https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:2amnkge5a6hplfwyesmxqkfl/bafkreia5fogs56pdsmq7bvrizjykdkqtpmcynmmpxoah3o6r6 lpuqrkutm@jpeg

[Winehole23]

https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fs.hdnux.com%2Fphotos%2F01%2F35%2F 41%2F77%2F24518648%2F3%2Fratio3x2_1920.jpg&f=1&nofb=1&ipt=227944d3b3abd146dc3068b5e870b8d4dd239e86b62819 7236ffbce3370be747

[Winehole23]

DOA in the House but newsworthy because five Republicans voted for it

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:xjc7mkotpenvhh6ffewkdpyn/bafkreifiyt4j6ipykorlbvjzp722t7l6srnwhuahle4yqz6y6 6fuq7q5wu@jpeg

[Winehole23]

Trump TACOs, gets dog-walked by Xi, who still holds the whip hand


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:bccy6frrfojl4ogxauanpdfv/bafkreif4dspqhzanmprapkriwqkayrruje5euvhn3wfllu43b esgikw4ti@jpeg

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:5o6k7jvowuyaquloafzn3cfw/bafkreigudsf3fzyfdwiiiqoc6ttxnnjje34346elhw6crbigy jg3qvnqmy@jpeg

[sickdsm]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:5o6k7jvowuyaquloafzn3cfw/bafkreigudsf3fzyfdwiiiqoc6ttxnnjje34346elhw6crbigy jg3qvnqmy@jpeg

US crush plant capacity has been increasing like crazy the last 5-10 years. US has been processing soy rapidly so even less than normal export numbers would significantly raise the price. Cash soy has been similar to last year without China exports because of the demand.

It's a game of musical chairs. Depleting SA soy supply just means it leaves the US with the source to supply the rest.

[ChumpDumper]

US crush plant capacity has been increasing like crazy the last 5-10 years. US has been processing soy rapidly so even less than normal export numbers would significantly raise the price. Cash soy has been similar to last year without China exports because of the demand.

It's a game of musical chairs. Depleting SA soy supply just means it leaves the US with the source to supply the rest.

So this part of the trade war was an abject failure.:tu

[sickdsm]

So this part of the trade war was an abject failure.:tu

Heck if I know. If your crack whore mother doesn't relapse because of the fentanyl supply drying up I guess I'd call that a win.

I myself would prefer trade drying up with China personally. But that's just me being selfish.

[ChumpDumper]

Heck if I know. If your crack whore mother doesn't relapse because of the fentanyl supply drying up I guess I'd call that a win.?


I myself would prefer trade drying up with China personally. But that's just me being selfish.
You manufacture iPhones?

What's the retail?

[BadMotorscooter]

?


You manufacture iPhones?

What's the retail?

Your party is losing voters in droves, Chump.....why?

[velik_m]

Europe's plan to ditch US tech giants is built on open source - and it's gaining steam

...
Carrez explained: "We've seen old alliances between the US and the EU being questioned or leveraged for immediate gains. We have seen the very terms of exchange of goods changing almost every day. And as a response to that, in Europe, we're moving to digital sovereignty." That shift, in turn, means open-source software.

"The world needs sovereign, high-performance and sustainable infrastructure," continued Carrez, "that remains interoperable and secure, while collaborating tightly with AI, containers and trusted execution environments. Open infrastructure allows nations and organizations to maintain control over their applications, their data, and their destiny while benefiting from global collaboration."

Carrez thinks a better word for what Europe wants is not isolation from the US: "What we're really looking for is resilience. What we want for our countries, for our companies, for ourselves, is resilience. Resilience in the face of unforeseen events in a fast-changing world. Open source," he concluded, "allows us to be sovereign without being isolated."
...


https://www.zdnet.com/article/europes-plan-to-ditch-us-tech-giants-is-built-on-open-source-and-its-gaining-steam/


Another European agency shifts off Big Tech, as digital sovereignty movement gains steam

...
Even before Azure had a global failure this week, Austria's Ministry of Economy had taken a decisive step toward digital sovereignty. The Ministry achieved this status by migrating 1,200 employees to a Nextcloud-based cloud and collaboration platform hosted on Austrian-based infrastructure.

This shift away from proprietary, foreign-owned cloud services, such as Microsoft 365, to an open-source, European-based cloud service aligns with a growing trend among European governments and agencies. They want control over sensitive data and to declare their independence from US-based tech providers.

Also: Europe's plan to ditch US tech giants is built on open source - and it's gaining steam

European companies are encouraging this trend. Many of them have joined forces in the newly created non-profit foundation, the EuroStack Initiative. This foundation's goal is " to organize action, not just talk, around the pillars of the initiative: Buy European, Sell European, Fund European."

What's the motive behind these moves away from proprietary tech? Well, in Austria's case, Florian Zinnagl, CISO of the Ministry of Economy, Energy, and Tourism (BMWET), explained, "We carry responsibility for a large amount of sensitive data -- from employees, companies, and citizens. As a public institution, we take this responsibility very seriously. That's why we view it critically to rely on cloud solutions from non-European corporations for processing this information."
...


https://www.zdnet.com/article/another-european-agency-ditches-big-tech-as-digital-sovereignty-movement-gains-steam/

[Winehole23]

https://substackcdn.com/image/fetch/$s_!hRQ2!,w_1456,c_limit,f_auto,q_auto:good,fl_pro gressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff4ad492 b-599b-4506-9d94-c09ed4e4fa85_800x450.png

[BadMotorscooter]

Whinehole and his scare tactics.....lmao

[Winehole23]

"No taxation without representation"

(In 10 months Trump has strikingly covered about half of the 27 grievances against King George in the Declaration of independence)


The businesses challenging Trump’s tariffs are represented by Liberty Justice Center, a libertarian-leaning legal group usually more aligned with conservative causes. But they say Trump is wrong on sweeping tariffs, which are projected to collect a total of some $3 trillion from businesses over the next decade, according to the Congressional Budget Office.


They argue the president is using an emergency powers law that doesn’t even mention tariffs to claim nearly unlimited powers to impose and change import duties at will, something no other president has done on such a scale.


“It is practically what the American Revolution was fought over, the principle that taxation is not legitimate unless it is adopted by the representatives of the people,” said Jeffrey Schwab, an attorney with the Liberty Justice Center.
https://apnews.com/article/trump-tariffs-terry-cycling-lawsui-supreme-court-b3215d8ca2edfb40b58ad374bd580d1f

[Winehole23]

“.. Markets think China won big. .. China has shown it can dump exports on the rest of the world, and use its leverage (from soybeans to rare earths) to deter the US. So it’s still safe to deal with China, and companies that do so look their most attractive in 14 years.”

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreifi45p5fuu3dkrebsfjh5ibpv63bplydowqufybgucpj zflwzd22u@jpeg

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreidfupf37n3xw5ym7h6qzrrbfsmybmujsdlf4ydlo4fcs dm7rmnmym@jpeg

[velik_m]

Canada gains a surprise 67,000 jobs in October, beating economists' expectations (https://www.cbc.ca/news/business/canada-jobs-labour-force-survey-october-9.6970609)

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreiefg5rjvoort45xvowsz4bmgg4v2ttrzgb5k5sj4uwe4 5k3ez7eoi@jpeghttps://www.bloomberg.com/news/articles/2025-11-11/black-friday-deals-eroded-by-trump-s-tariffs

[Winehole23]

arsonists cosplay as the fire brigade


Treasury Secretary Scott Bessent (https://www.washingtonexaminer.com/tag/scott-bessent) said trade (https://www.washingtonexaminer.com/tag/trade/) policies for certain food products, such as coffee and bananas (https://www.washingtonexaminer.com/tag/food-and-beverage/), will soon be changed in an effort to ease cost-of-living concerns.

Bessent made the announcement on Wednesday on Fox News. However, he did not provide any specifics about what the changes to trade policy might be or which countries could see their tariff levels change in order to incentivize shipments to the United States.
https://www.washingtonexaminer.com/news/white-house/3884021/scott-bessent-promises-relief-prices-coffee-bananas-tariffs/
https://www.bloomberg.com/news/articles/2025-11-12/trump-plans-move-to-ease-prices-on-coffee-bananas-bessent-says

[Winehole23]

whoopsie


https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:gftip5r3dmyojn5lat333pp5/bafkreih3fz5kr52gndtdaperl2voz7yldcr5vfvu4obckp3ap zjrjw3utm@jpeg

[velik_m]

Trump scraps tariffs on beef, coffee, tropical fruit in a push to lower prices

...
"We just did a little bit of a rollback on some foods like coffee," Trump said aboard Air Force One as he flew to Florida hours after the tariff announcement was made.

Pressed on his tariffs helping to increase consumer prices, Trump acknowledged, "I say they may, in some cases" have that effect.

"But to a large extent they've been borne by other countries," the president added.

Meanwhile, inflation — despite Trump's pronouncements that it has vanished since he took office in January — remains elevated, further increasing pressure on U.S. consumers.

...
The president suggested such checks could be issued in 2026, but was vague on timing, saying only, "Sometime during the year." Trump, however, also said federal tariff revenue might be used to pay down national debt — raising questions about how much federal funding would be needed to do both.

Trump rejected suggestions that attempting direct payments to Americans could exacerbate inflation concerns — even as he suggested that similar checks offered during the coronavirus pandemic, and by previous administrations to stimulate the economy, had that very effect.

"This is money earned as opposed to money that was made up," Trump said. "Everybody but the rich will get this. That's not made up. That's real money. That comes from other countries."



https://www.npr.org/2025/11/14/g-s1-97936/trump-tariffs-executive-order-beef-coffee-fruit

The check is in the mail.

[Winehole23]

took him six months to figure out we can't grow bananas or coffee

[Winehole23]

the national trade deficit emergency succumbs to bribery and flattery


Forget retaliation: To cut tariffs President Trump (https://www.axios.com/politics-policy/donald-trump) imposed on their country, the Swiss sent a delegation of industry tycoons bearing gifts — a special Rolex desktop clock, a 1-kilogram personalized gold bar, and loads of flattery.https://www.axios.com/2025/11/14/trump-swiss-gifts-gold-rolex

[Winehole23]

https://www.npr.org/2025/11/14/g-s1-97936/trump-tariffs-executive-order-beef-coffee-fruit

The check is in the mail.

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:s3m33wvdsixxr2ifnkldlfp3/bafkreiewycdjj6ibjaoqrpzbccfnmxuyzgybcpvt56b2xytgc 6m27ebz7a@jpeg

[Winehole23]

the national trade deficit emergency succumbs to bribery and flattery

https://www.axios.com/2025/11/14/trump-swiss-gifts-gold-rolexNo one was impressed by the $130,000 gold bar gift?

I suppose Chief Justice Roberts would say there's no written down quid pro quo, so no appearance of corruption, even though the explicit relief was granted instantly.

[Winehole23]

"Obamacare" would like a word


Bessent on tariffs: "This is one of President Trump's signature policies, and traditionally the Supreme Court does not interfere with a president's signature policy."

[Winehole23]

"they have no cards"


https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreig73drxwgex4d2abi3yspi2k4lwn4h7ckkmsydmdmvdk pp7k43yfe@jpeg