Steel and aluminum tariffs... [Archive] - Page 8

Winehole23

01-16-2025, 09:25 AM

Noah Smith is neither pro- nor anti-tariff -- indeed he thinks it's possible tariffs can nudge China toward more domestic consumption and away from overproduction of exports -- but he also thinks there are possible drawbacks, like we've already seen. US farmers got creamed with Trump's last round of tariffs and received direct public subsidies of tens of billions of dollars as a result.

Pettis assumes that because America runs a big trade deficit, tariffs would pump up U.S. manufacturing so much that not only U.S. GDP, but also U.S. consumption, would end up increasing. He writes (https://www.foreignaffairs.com/united-states/how-tariffs-can-help-america):

By taxing consumption to subsidize production, modern-day tariffs would redirect a portion of U.S. demand toward increasing the total amount of goods and services produced at home. That would lead U.S. GDP to rise, resulting in higher employment, higher wages, and less debt. American households would be able to consume more, even as consumption as a share of GDP declined.

But Trump’s tariffs in his first term didn’t do anything of the kind. Industrial production actually declined after Trump put up his tariffs:

https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:s teep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab5c55b 6-00b7-43b8-a91e-8f3494ac22e3_1320x450.png

(https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fab5c55b 6-00b7-43b8-a91e-8f3494ac22e3_1320x450.png)
There was no surge in factory construction, either; that only happened once Biden came into office and enacted industrial policies (https://www.noahpinion.blog/p/biden-did-stuff-and-it-looks-like) (the CHIPS Act and the IRA).
There wasn’t much action in the trade deficit either. If you squint really hard you can see a small improvement right before the pandemic began, but then a total collapse afterward:

https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:s teep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff25293a 9-2ab6-4a8f-bcac-b8d2c3377977_1320x450.png

(https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Ff25293a 9-2ab6-4a8f-bcac-b8d2c3377977_1320x450.png)
What happened? Two things. First, the U.S. dollar appreciated in response to the tariffs, cancelling out at least part of the effect. Second, U.S. manufacturers suffered when they had to pay a lot more for parts and components. These are very general problems with tariffs as a policy, and I discussed both of them in more detail in this post:
(https://www.noahpinion.blog/p/why-targeted-tariffs-are-more-effective)
Instead of quoting my earlier post, I’ll quote Matthew C. Klein, who co-authored the book Trade Wars are Class Wars with Pettis, and who recently wrote an op-ed explaining how tariffs could easily backfire (https://www.politico.com/news/magazine/2025/01/15/trump-trade-wars-tariffs-00198250):

Spending on manufacturing imports tends to track the business cycle and new orders for American-made goods (https://theovershoot.co/p/an-american-investment-boom-would). Imposing “universal” tariffs high enough to force those imports to fall by more than 40 percent to close the trade deficit would likely involve a severe economic downturn that hurts Americans more than anyone else. To avoid that pain, domestic production of those same goods would have to rise enough to cover the gap — and rise fast enough to prevent shortages and inflation. The experience of the pandemic suggests that this is not a realistic option…

Another counterintuitive impact is that the dollar tends to become more expensive (https://www.bankofcanada.ca/2021/07/staff-working-paper-2021-36/) in response to the imposition — or threat (https://www.ft.com/content/8b986532-df96-41d0-a13b-72fa7987c9d4) — of new tariffs…[This] means that goods made in the U.S. become more expensive for customers in the rest of the world. The net effect is that tariffs often hit exports more than imports, even when foreign trade partners fail to retaliate.

Pettis doesn’t really seem to grapple with either point. It’s possible that he believes that Trump’s first-term tariffs were a failure because China simply rerouted its exports through (https://www.wsj.com/articles/american-tariffs-on-china-are-being-blunted-by-trade-cheats-11561546806)Vietnam (https://www.wsj.com/articles/american-tariffs-on-china-are-being-blunted-by-trade-cheats-11561546806); in this case, putting tariffs on all other countries, as Pettis recommends, would close off that loophole. But that still wouldn’t deal with the question of exchange rate appreciation. Unless tariffs on the rest of the world are so huge that they overwhelm the dollar’s ability to adjust to compensate, some sort of financial intervention to keep the dollar weak would be necessary in order to make tariffs effective. Pettis has suggested taxing capital inflows (https://carnegieendowment.org/china-financial-markets/2024/02/can-trade-intervention-lead-to-freer-trade?lang=en), which could do the trick,5 (https://www.noahpinion.blog/p/the-pettis-paradigm-and-the-second#footnote-5-154898921) but this kind of intervention doesn’t seem on the table for the Trump administration.

And Pettis also fails to grapple with the intermediate goods problem. The U.S. would not benefit from going back to the kind of quasi-autarkic economy it was during World War 2 — technology has changed too much for any country to prosper while walling itself off from the rest of the world. The U.S. can onshore and harden its supply chains to some extent, but no matter what, U.S. manufacturers are still going to have to order some materials, parts, and components overseas. I haven’t yet seen Pettis suggest a solution to this problem, or think hard about the failure of Trump’s tariffs to increase industrial production in the U.S. six years ago.
https://www.noahpinion.blog/p/the-pettis-paradigm-and-the-second

Winehole23

01-24-2025, 08:41 AM

Farmers lost big on the last go round and they will again.

Trump's solution then as now is to directly subsidize farmers.

Trump's pick to lead the USDA on Thursday, Brooke Rollins, said she would consider direct payments to farmers to offset losses from proposed tariffs, modeled after the approach taken in Trump's first term, when farmers were paid billions during a trade war with China.

Winehole23

01-25-2025, 12:28 PM

Canada and Mexico bow up

Canada’s Stelco has been telling US-based consumers it is pausing sales quotes, according to a person familiar with the matter. Mexico-based steel suppliers also stopped taking orders for material this week as they await potential action from Trump, according to Flack Global Metals, a large buyer.

Canada is the top foreign import source of steel into the US and Mexico is the third largest, according to US Commerce Department data. The US consumed about 91 million tons of steel in 2023, with imports accounting for about 27% of that total demand, according to research by Morgan Stanley.https://finance.yahoo.com/news/canada-mexico-steelmakers-refuse-us-171330059.html

Winehole23

01-25-2025, 12:28 PM

Cleveland-Cliffs, the second-largest US steel producer, agreed to buy Canada-based Stelco last year. When asked last week at a briefing about the possibility that Trump would slap tariffs on the company’s newly owned Canadian steel, CEO Lourenco Goncalves said he will abide by Trump’s policies.

“President Trump will do what President Trump wants to do. He has a plan, and I will play accordingly,” Goncalves said. “I’m a big boy. I bought Stelco knowing that Stelco is in Canada. And you know what? America first.”

Winehole23

01-25-2025, 12:31 PM

higher prices for construction and manufacturing coming

Winehole23

01-26-2025, 05:54 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:2hevulkhvzswo4ujprouchqh/bafkreig75tu3pyta7abyjiqegvwrtjbkmcpshdzor6vvzretw 5w6un4whe@jpeg

Winehole23

01-26-2025, 05:56 PM

higher prices for coffee and sugar coming in Donald Trump's war against breakfast

Winehole23

01-26-2025, 06:00 PM

I hear a lot of fresh cut flowers come to the US from Colombia -- Trump just laid new trade duties on Valentine's Day

Winehole23

01-27-2025, 10:18 AM

higher prices for coffee and sugar coming in Donald Trump's war against breakfastthey were coming anyway, but DJT's hair trigger retaliation didn't help

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:6m7rbdgaz5vyg4bnbefi7kh6/bafkreiehklssp3bbfzsmjfgip2sju5aicifnunknd7fbux54c 5asaei3ve@jpeg

Winehole23

01-27-2025, 10:48 AM

will Trump tax lumber needed for rebuilding NC and LA?

he'll literally be mulcting disasters if he does

Trump’s Lumber Tariffs and Disaster Recovery - WSJ (https://www.wsj.com/opinion/lumber-tariffs-and-disaster-recovery-canada-california-fires-4ec8f2e0?st=nYxXZe)

Winehole23

01-27-2025, 11:57 AM

Trump accepted Colombia's demand -- to treat its citizens with basic dignity -- and dropped all of his.

He caved.

Winehole23

01-27-2025, 12:03 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:on5oeywiqx32fh2zau473wz6/bafkreigrhp46s4hyyxngr6g7gr4t2owo6nd6wxvsh4ys5f3ac tz6by2miy@jpeg

Winehole23

02-01-2025, 01:06 AM

wouldn't be surprised to see Trump reverse himself here, maybe there's some way he can gracefully bail out

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:nvfposmpmhegtyvhbs75s3pw/bafkreiao4qo2rkzzfymbsx6o37kjw2uwizzryo7ffhxs5ne3e l67uzzn6i@jpeg

Winehole23

02-01-2025, 01:08 AM

Trump laying new taxes by decree

Texas' imports from Mexico in 2023 were $142.7 billion, according to the Texas Economic Development Corporation. Assuming that number remains in the ballpark, the new 25% Trump tax on Mexican goods will cost Texans ~$35.7 billion per year. https://businessintexas.com/foreign-investment/mexico/#:~:text=Trade%20Between%20Mexico%20and%20Texas&text=Texas%20imports%20from%20Mexico%20in,and%20oi l%2C%20and%20technical%20instruments

Winehole23

02-01-2025, 10:01 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:wbsyxxtht2fli5uvix6l55d4/bafkreifg2bt2gq7oxkzftac7mkyx6g4j72c66dqwui56oyazc psnay3jve@jpeg

Winehole23

02-01-2025, 10:30 AM

the written down tariffs affecting 43% of US imports haven't been released yet

businesses love it when basic conditions of the market are uncertain

Winehole23

02-01-2025, 10:42 AM

Murdochlandia doesn't like what it sees

The Dumbest Trade War in History - WSJ (https://www.wsj.com/opinion/donald-trump-tariffs-25-percent-mexico-canada-trade-economy-84476fb2)

Winehole23

02-01-2025, 12:02 PM

They want you to panic, but President Trump wants you to remember Jesus didn’t have electricity either and he did just fine

Winehole23

02-01-2025, 12:08 PM

The Irish Star

In August 2023[43] (https://en.wikipedia.org/wiki/Daily_Mirror#cite_note-:0-43) MGN Ltd and Reach plc launched a division of the Daily Mirror for the United States (https://en.wikipedia.org/wiki/United_States). It consists of a news website, titled The Mirror US, with offices based in New York City (https://en.wikipedia.org/wiki/New_York_City).[44] (https://en.wikipedia.org/wiki/Daily_Mirror#cite_note-44)[43] (https://en.wikipedia.org/wiki/Daily_Mirror#cite_note-:0-43)

Winehole23

02-01-2025, 12:41 PM

“may tilt into an unintentionally far less business friendly stance” nervous interjections from the back of the car as they realize the maniac they hired really is going to thelma and louise this thing

Thread

02-01-2025, 06:32 PM

Another promise kept 15 minutes ago. Tariffs on Mexico: si. China: ah so. & Canada: tally ho.

Fuck with the bull.
Get the horns.

Winehole23

02-01-2025, 09:34 PM

Another promise kept 15 minutes ago. Tariffs on Mexico: si. China: ah so. & Canada: tally ho.

Fuck with the bull.
Get the horns.the market of destination pays

US importers pay the tariff

Trump just laid taxes by decree

Thread

02-01-2025, 10:21 PM

the market of destination pays

US importers pay the tariff

Trump just laid taxes by decree

Uh, huh.

Winehole23

02-01-2025, 11:55 PM

marginal, tbh

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:jtadzjgpup2tforvzliq74tp/bafkreihqn2wie6in2mr4lqct3efdwtqer5o2ew4freryiwtxa dsug4liqi@jpeg

Thread

02-02-2025, 01:42 AM

marginal, tbh

We're gonna see.

The dead beat bastards above us, below us and overseas want to take, but, they don't want to give fairly & squarely. This needs to be settled now once and for all. The old man should stay the course.

Winehole23

02-02-2025, 07:56 AM

We're gonna see.

The dead beat bastards above us, below us and overseas want to take, but, they don't want to give fairly & squarely. This needs to be settled now once and for all. The old man should stay the course.gonna hit Americans in the pocketbook

Winehole23

02-02-2025, 10:41 AM

there might be some bureaucratic heavy lifting involved, I wonder if Trumplandia has thought this all the way through

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:ilyxejcmhg2qwqomgu2umi5v/bafkreifkl7cxi6zkbwxxiamdwdas6kxbrxigs2tzlrmwt45o5 7daf4cp7m@jpeg

Thread

02-02-2025, 01:26 PM

gonna hit Americans in the pocketbook

[Nonetheless] it's worth a long, hard hit.

[They'll] take the "hit" hopefully worse than us.

Winehole23

02-02-2025, 03:00 PM

[Nonetheless] it's worth a long, hard hit.

[They'll] take the "hit" hopefully worse than us.what's worth it?

Thread

02-02-2025, 03:40 PM

what's worth it?

To PRECISELY even the playing field.

In trade, et al. ALL entities that a country has must be equally burdened. Right now Trump is wrong to continue feeding Ukraine.

ElNono

02-02-2025, 03:46 PM

https://media.tenor.com/mTYw14p_uigAAAAM/michael-jackson-eating-popcorn.gif

velik_m

02-02-2025, 04:55 PM

https://www.youtube.com/watch?v=xiaACQpFUfE&t=3s

Thread

02-02-2025, 06:29 PM

https://media.tenor.com/mTYw14p_uigAAAAM/michael-jackson-eating-popcorn.gif

Let us proceed...

Winehole23

02-02-2025, 08:50 PM

Uh, huh.

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:6m7rbdgaz5vyg4bnbefi7kh6/bafkreibncguz5djcmubnk6lslixq77con26dbq6ofimysasl5 lxw6asgea@jpeg

DMX7

02-02-2025, 09:56 PM

What dummy negotiated the USMCA?

Winehole23

02-02-2025, 10:16 PM

What dummy negotiated the USMCA?goldfish minds around here, they can't remember what happened 10 seconds ago, let alone 2017-2020

besides, it doesn't matter

"the old guy gets whatever he wants"

SnakeBoy

02-02-2025, 10:35 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:wbsyxxtht2fli5uvix6l55d4/bafkreifg2bt2gq7oxkzftac7mkyx6g4j72c66dqwui56oyazc psnay3jve@jpeg

whatabout wallstreet :cry

Thread

02-02-2025, 10:38 PM

goldfish minds around here, they can't remember what happened 10 seconds ago, let alone 2017-2020

besides, it doesn't matter

"the old guy gets whatever he wants"

...yep. The Millimeter Miracle, Winester.

tee, hee.

Winehole23

02-02-2025, 10:38 PM

whatabout wallstreet :crywhen rich people worry about their money, you better too

ChumpDumper

02-02-2025, 10:40 PM

whatabout wallstreet :cry

Do you have any stock investments?

Thread

02-02-2025, 10:42 PM

Do you have any stock investments?

Nope. I do F.D.I.C..

That-a-way I don't have to worry, ever. It's my religion.

Winehole23

02-11-2025, 06:35 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4kshoaytrzhgsziro6ywozul/bafkreibi3xmc6ibhkulvv5ald43rm2nbaxxs6qstz6npeplc2 fv4hbk4hu@jpeg

Thread

02-11-2025, 06:42 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4kshoaytrzhgsziro6ywozul/bafkreibi3xmc6ibhkulvv5ald43rm2nbaxxs6qstz6npeplc2 fv4hbk4hu@jpeg

Who?

Winehole23

02-11-2025, 09:37 AM

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:6m7rbdgaz5vyg4bnbefi7kh6/bafkreigrnkb2ymckezlmfld5wujkpmhmqi32fz5i6ikcgvobe 6gcyqxg7q@jpeg

Winehole23

02-19-2025, 06:38 AM

Ford CEO Jim Farley warned that a 25 per cent tariff on Mexico and Canada "will blow a hole in the US industry that we have never seen", speaking at an investor conference in New York last week.https://www.msn.com/en-us/news/world/trump-threatens-huge-25-tariff-on-cars-as-ford-warns-they-will-blow-a-hole-in-the-industry-that-we-have-never-seen/ar-AA1zlfJD

Thread

02-19-2025, 12:53 PM

https://www.msn.com/en-us/news/world/trump-threatens-huge-25-tariff-on-cars-as-ford-warns-they-will-blow-a-hole-in-the-industry-that-we-have-never-seen/ar-AA1zlfJD

...
- "Prove it."

- "Shane" - "Shane"

Winehole23

02-25-2025, 07:47 AM

neo-mercantilist (http://ttps://www.britannica.com/money/mercantilism) continuity from Trump to Biden to Trump

The U.S. trade war with China (https://archive.is/o/LPKVw/https://www.wsj.com/business/china-probes-google-over-potential-violation-of-antitrust-law-b7fa96b8) is escalating beyond tariffs with a plan by the Trump administration to impose steep fees on Chinese shipping companies and any Chinese-built vessels that enter U.S. ports.

The proposal, unveiled on Friday by the office of the U.S. Trade Representative, would impose millions of dollars in new fees each time one of these vessels enters a U.S. port, adding costs that would likely be passed down to U.S. importers and exporters through higher freight rates.

Chinese shipyards (https://archive.is/o/LPKVw/https://www.wsj.com/world/china/chinas-shipyards-are-ready-for-a-protracted-war-americas-arent-d6f004dd) accounted for more than half of the cargo ships, tankers and other ocean vessels that were built in 2023 to ferry goods across the seas for everyone from Amazon to Volkswagen, as well as U.S. farmers and energy producers.

The move would directly hit Chinese shipping and logistics behemoth Cosco, the world’s biggest shipping company in terms of capacity. Through large state-owned companies such as Cosco, China operated about 19% of the world’s commercial fleet as of January 2024, according to the U.S. government.

The proposed fees would also affect large non-Chinese companies such as Maersk and MSC, who have purchased scores of vessels from China’s busy shipyards. Big boxships make multiple port calls to U.S. ports, substantially multiplying the fees.

Cosco, Maersk and MSC didn’t respond to requests for comment.

The proposal is open to public comments until a March 24 hearing, when the Trump administration will decide whether the new fees will be imposed. The plan is in response to a U.S. probe that began (https://archive.is/o/LPKVw/https://www.wsj.com/world/china/china-denounces-u-s-probe-into-shipbuilding-sector-b4c47005) under President Joe Biden in March 2024. The U.S. Trade Representative determined in January that China was involved in unfair trade practices in the maritime, logistics and shipbuilding sectors.
https://archive.is/LPKVw#selection-5945.0-5981.197

Winehole23

02-25-2025, 07:48 AM

sounds inflationary

Shipowners and analysts are trying to digest the proposal. Chinese-built ships face fees of up to $1 million for each U.S. port call based on the size of a company’s Chinese fleet, even those vessels that don’t sail to the U.S. There would be a second fee of up to $1 million based on how much of a company’s future ship orders come from Chinese shipyards.

And for Chinese-owned operators like Cosco, there would be an additional fee of up to $1 million for each U.S. port call based on the ship’s size.

“For containerships their costs will be at least 10 times higher than existing charges and affect American importers, exporters and consumers,” said Lars Jensen, chief executive of Denmark-based Vespucci Maritime, who advises several top shipping lines. “I hope that the public debate will avert this madness.”

Winehole23

03-02-2025, 08:02 AM

"looks like" tariffs have killed US ag exports

For decades, the conversation about trade has been about how our manufacturing sector has been destroyed by foreign imports. The political deal underpinning this arrangement was that America would provide global security through our military, Wall Street would be the center of global finance, and U.S. farmers would export surplus grains. Meanwhile Europe would send us luxury cars and East Asia would send us everything else. There’s a reason trade agreements had their strongest support on Wall Street and among midwest farmers selling to China.

The worrisome future in this framework was that the U.S. would ultimately become a mere provider of agricultural commodities, and import critical manufactured goods, like a colony. But what we are now seeing is that this deal was a mirage; the same trends that hit our manufacturing sector are hitting our agricultural sector.

What could be the rational behind aiding in the destruction of American agriculture from Trump admin “stakeholders”? The conservative think tankers imagine the market will figure it out? The right-wing accelerationists probably believe they’ll just trade with agricultural technomonarchies? And Big Ag and finance will get to buy up distressed farms?
https://www.nakedcapitalism.com/2025/03/mass-terminations-have-cut-usda-off-at-the-knees-ex-employees-say.html

https://www.nakedcapitalism.com/wp-content/uploads/2025/03/Screenshot-2025-03-01-at-8.01.55%E2%80%AFPM-1024x621.png

Winehole23

03-04-2025, 09:01 AM

sickdsm

03-04-2025, 09:27 AM

it doesn't sound like Trump is offering farmers a bailout this time

choosing to troll farmers on Truth Social is an interesting choice

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4llrhdclvdlmmynkwsmg5tdc/bafkreiggj75xnvleluxpdvru5x7s5jrdmyawhgc4iffz5sok7 4em227zrq@jpeg

Ag sector needs cleansing for the last 10 years. Will it happen? Doubt it.

Winehole23

03-04-2025, 09:32 AM

"cleansing"

ChumpDumper

03-04-2025, 10:40 AM

Ag sector needs cleansing for the last 10 years. Will it happen? Doubt it.OK Travis.

baseline bum

03-04-2025, 12:13 PM

it doesn't sound like Trump is offering farmers a bailout this time

choosing to troll farmers on Truth Social is an interesting choice

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4llrhdclvdlmmynkwsmg5tdc/bafkreiggj75xnvleluxpdvru5x7s5jrdmyawhgc4iffz5sok7 4em227zrq@jpeg

Amazing time to do that in the winter. Be getting some great corn out of Iowa right now.

velik_m

03-04-2025, 01:54 PM

it doesn't sound like Trump is offering farmers a bailout this time

choosing to troll farmers on Truth Social is an interesting choice

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4llrhdclvdlmmynkwsmg5tdc/bafkreiggj75xnvleluxpdvru5x7s5jrdmyawhgc4iffz5sok7 4em227zrq@jpeg

Why would he? He doesn't need their votes and it's not like they will vote for Democrats, no matter how much he screws them...

lefty

03-04-2025, 02:07 PM

No electricity for you!!!!

lefty

03-04-2025, 02:08 PM

it doesn't sound like Trump is offering farmers a bailout this time

choosing to troll farmers on Truth Social is an interesting choice

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4llrhdclvdlmmynkwsmg5tdc/bafkreiggj75xnvleluxpdvru5x7s5jrdmyawhgc4iffz5sok7 4em227zrq@jpeg

Interesting, 80% of fertilizers used by murican farmers are from Canada

Winehole23

03-04-2025, 02:53 PM

Interesting, 80% of fertilizers used by murican farmers are from CanadaRussia can help with this, presumably

Winehole23

03-04-2025, 02:54 PM

Why would he? He doesn't need their votes and it's not like they will vote for Democrats, no matter how much he screws them...You could be right

But it could be that Trump's own shit sticks to him this time

velik_m

03-04-2025, 03:04 PM

You could be right

But it could be that Trump's own shit sticks to him this time

It didn't the previous million times....

lefty

03-04-2025, 09:58 PM

Russia can help with this, presumably

Well yeah, Trump is a russian asset after all

Thread

03-04-2025, 11:42 PM

Well yeah, Trump is a russian asset after all

...& vice versa. Like WWII..

Winehole23

03-05-2025, 08:45 AM

Similarly, as we and many others have discussed, Trump’s comparatively modest tariffs in his first term created an infinitesimal number of new jobs, at very high cost….with the tariff income being used nearly entirely to provide relief to parties harmed by retaliation. For instance, from Wikipedia (https://en.wikipedia.org/wiki/First_Trump_tariffs):

China implemented retaliatory tariffs equivalent to the $34 billion tariff imposed on it by the U.S.[12] In July 2018, the Trump administration announced it would use a Great Depression-era program, the Commodity Credit Corporation (CCC), to pay farmers up to $12 billion, increasing the transfers to farmers to $28 billion in May 2019.[13] The USDA estimated that aid payments constituted more than one-third of total farm income in 2019 and 2020

https://www.nakedcapitalism.com/2025/03/sotu-reactions-business-press-turning-on-trump-as-tariffs-whack-markets-look-set-to-increase-inflation-approval-falls-and-even-republicans-getting-restive.html

ChumpDumper

03-05-2025, 03:05 PM

Going great.
1897290798447911137
1897305215466086757

https://x.com/scottlincicome/status/1897290798447911137
https://x.com/scottlincicome/status/1897305215466086757

Blake

03-05-2025, 04:33 PM

Our country has so many stupid people

Thread

03-05-2025, 04:38 PM

Our country has so many stupid people

True, and they split us apart and tore the country up after Trump made President.

& dad, sweetheart; it's a stayin' split apart and tore up.

Let us proceed...

Thread

03-05-2025, 04:41 PM

Going great.
1897290798447911137
1897305215466086757

https://x.com/scottlincicome/status/1897290798447911137
https://x.com/scottlincicome/status/1897305215466086757

Let's give it a good, and lengthy run before we throw the baby out with the bathwater.

You can't charge us (for example) $5 per episode and we charge them $1 per episode. Sure, (them) loves it, got used to it, made a fortune with it. We should all suffer, or, be fair & square.

Let us proceed...

z0sa

03-05-2025, 04:53 PM

Conservatives love wage reduction via inflation and price increases. Winning!

Thread

03-05-2025, 04:55 PM

Conservatives love wage reduction via inflation and price increases. Winning!

Let's give it a good, and lengthy run before we throw the baby out with the bathwater.

You can't charge us (for example) $5 per episode and we charge them $1 per episode. Sure, (them) loves it, got used to it, made a fortune with it. We should all suffer, or, be fair & square.

Let us proceed...

ChumpDumper

03-05-2025, 04:57 PM

Conservatives love wage reduction via inflation and price increases. Winning!

Yep, this has never worked at this kind of scale. Only made things worse.

Thread

03-05-2025, 04:59 PM

Yep, this has never worked at this kind of scale. Only made things worse.

Let's give it a good, and lengthy run before we throw the baby out with the bathwater.

You can't charge us (for example) $5 per episode and we charge them $1 per episode. Sure, (them) loves it, got used to it, made a fortune with it. We should all suffer, or, be fair & square.

Let us proceed...

baseline bum

03-05-2025, 05:12 PM

Let's give it a good, and lengthy run before we throw the baby out with the bathwater.

You can't charge us (for example) $5 per episode and we charge them $1 per episode. Sure, (them) loves it, got used to it, made a fortune with it. We should all suffer, or, be fair & square.

Let us proceed...

You realize these tariffs are just a sales tax on the people don't you? Trump is shifting the tax burden from Elon and other shitbag robber barons onto us so he can cut their taxes. The shitbag GOP could never get a consumption tax through congress so they short-circuited congress by making tariffs the consumption tax.

baseline bum

03-05-2025, 05:14 PM

Yep, this has never worked at this kind of scale. Only made things worse.

It's not designed to be a trade war. It's the GOP's wet dream of a massive sales tax on the people to replace income tax on the rich. And that sales tax is going to keep going up as other nations retaliate to our nazi king's increasing tariffs.

Blake

03-05-2025, 05:33 PM

Conservatives love wage reduction via inflation and price increases. Winning!

And then tease the poors with a few hundred dollar payment like W did to go on a shopping spree to make the economy look good for a minute.

Thread

03-05-2025, 06:22 PM

You realize these tariffs are just a sales tax on the people don't you? Trump is shifting the tax burden from Elon and other shitbag robber barons onto us so he can cut their taxes. The shitbag GOP could never get a consumption tax through congress so they short-circuited congress by making tariffs the consumption tax.

You're wrong, but, you're unrelenting, bum.

Nobody wants to have a sweetheart deal end, be it an honest mistake, or, a theft. It's human nature. Same with the Europeans having to finally come to the fore for their own defense. They've had us for over 80 years guaranteeing their very lives and sanctity. They've kept that money for their MIC because we gave them safety thru our MIC. They were supposed to be pitching in, but never have. They used those funds to prosper their country, free health care, etc while we stood guard over them charging our population for our health care.

I pray that Trump continues to clean house and make these countries pay their way. Leave Europe, bring our troops home and let Europe create their own MIC's and all the money that entails.

Trade must be equal. And as Trump calls it:::reciprocal:::. Trudeau calls Trump "stupid" for imposing the tariffs, but again that's because he's going to lose a bundle of money and can't face it without insulting Trump because he has been found out and held at bay. Instead of taking the news with grace, even grateful he doesn't have to pay reparations for the "theft," he lashes out. Again, it's human, but Trump must let him blow off steam.

Thread

03-05-2025, 06:24 PM

And then tease the poors with a few hundred dollar payment like W did to go on a shopping spree to make the economy look good for a minute.

A [[[few thousand dollars]]] like Trump gave us when COVID hit.

baseline bum

03-05-2025, 07:24 PM

Trade must be equal. And as Trump calls it:::reciprocal:::. Trudeau calls Trump "stupid" for imposing the tariffs, but again that's because he's going to lose a bundle of money and can't face it without insulting Trump because he has been found out and held at bay. Instead of taking the news with grace, even grateful he doesn't have to pay reparations for the "theft," he lashes out. Again, it's human, but Trump must let him blow off steam.

Trump's not stupid, he figured out he can use tariffs to effectively implement the mainstream GOP's wet dream of the Fair Tax, namely a giant sales tax so the people can be taxed more and the robber barons can run off with even more when they get huge tax cuts. You're paying more so Elon and the other shitbag billionaires can pay less. Trump's shitting on your head and you're thanking him for the hat.

z0sa

03-05-2025, 07:30 PM

Thread hasn't ever opened a history book and is incapable of googling. "Let's try it and be blissfully and willfully ignorant about every other time it's failed and caused recessions and depressions every single time except when we were a pre-industrialized nation."

Low education, low iq fools are what today's neo-monarchists are. They hate without cause, hurt themselves and everyone around them, then blame other people for their willful ignorance. In the internet age, it's unacceptable and irredeemable. GFY

SnakeBoy

03-05-2025, 08:23 PM

Biden bros crying about theoretical inflation :lol

Winehole23

03-05-2025, 09:38 PM

who's out of touch with regular people now

Winehole23

03-05-2025, 10:49 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:tcawhtu4jelg3ijhljyumuso/bafkreidjgnvnu334i6aefvq4zfxatf4d7bcedvva55lnhhipk y6hp2laf4@jpeg

velik_m

03-06-2025, 12:22 AM

velik_m

03-06-2025, 12:37 AM

It looks like they found a way to (at least temporarily) avoid recession:

The Trump administration may exclude government spending from GDP, obscuring the impact of DOGE cuts

Commerce Secretary Howard Lutnick said Sunday that government spending could be separated from gross domestic product reports, in response to questions about whether the spending cuts pushed by Elon Musk’s Department of Government Efficiency could possibly cause an economic downturn.

“You know that governments historically have messed with GDP,” Lutnick said on Fox News Channel’s “Sunday Morning Futures.” “They count government spending as part of GDP. So I’m going to separate those two and make it transparent.”

Doing so could potentially complicate or distort a fundamental measure of the U.S. economy’s health. Government spending is traditionally included in the GDP because changes in taxes, spending, deficits and regulations by the government can impact the path of overall growth. GDP reports already include extensive details on government spending, offering a level of transparency for economists.

...

https://apnews.com/article/trump-gdp-economy-government-spending-lutnick-7414ba1bd441bd4bf64620bfd66923b2

Thread

03-06-2025, 01:19 AM

The only thing business hates more than regulation, taxes and tariffs is uncertainty.

Reciprocity will settle everybody's hash, Little v.

Let us proceed...

Thread

03-06-2025, 01:20 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:tcawhtu4jelg3ijhljyumuso/bafkreidjgnvnu334i6aefvq4zfxatf4d7bcedvva55lnhhipk y6hp2laf4@jpeg

Boiled down...

"I'm President, and their not."

Thread

03-06-2025, 01:23 AM

Thread

03-06-2025, 01:25 AM

Trump's not stupid, he figured out he can use tariffs to effectively implement the mainstream GOP's wet dream of the Fair Tax, namely a giant sales tax so the people can be taxed more and the robber barons can run off with even more when they get huge tax cuts. You're paying more so Elon and the other shitbag billionaires can pay less. Trump's shitting on your head and you're thanking him for the hat.

You're half-crazed since that Health Provider was gunned down. You thought I was siding him and took off after me with the proverbial hatchet.

Get holt of you gd self, bum.

baseline bum

03-06-2025, 01:29 AM

You're half-crazed since that Health Provider was gunned down. You thought I was siding him and took off after me with the proverbial hatchet.

Get holt of you gd self, bum.

Did you see that faggot last night ranting about dead people getting Social Security in his speech? He's fucking coming after it, and he's gonna get it.

Thread

03-06-2025, 01:33 AM

Did you see that faggot last night ranting about dead people getting Social Security in his speech? He's fucking coming after it, and he's gonna get it.

He's a common man, not a politician, being jocular in that instance. Americans love that malarkey. It's incredulous at first blanch, but harmless.

baseline bum

03-06-2025, 02:07 AM

He's a common man, not a politician, being jocular in that instance. Americans love that malarkey. It's incredulous at first blanch, but harmless.

He's a skilled politician who had been honing his craft for decades manipulating the media into portraying him as a great businessman instead of a guy with a rich daddy who ran everything he touched into the ground.

ChumpDumper

03-06-2025, 02:31 AM

Biden bros crying about theoretical inflation :lol

:lol snacks telling us Biden killed inflation.

Winehole23

03-06-2025, 09:55 AM

So America is undergoing a process of repatrimonialization, just like many other societies before it. Where once the world was riven by ideologies, today it is divided into what increasingly look like criminal gangs fighting over turf and protection rackets.https://www.persuasion.community/p/making-the-world-safe-for-criminals

Winehole23

03-06-2025, 10:59 AM

baseline bum

03-06-2025, 11:10 AM

Lutnick now saying all USMCA related goods will likely be exempted

That's most of the trade with Canada and Mexico

USMCA is the deal Trump did in his first term to update NAFTA

Once again, Trumplandia is caving and declaring victory -- but there's still no telling what an off the chain Trump will actually do

Trump is ISIS, committing mock executions over and over so you never know when the real one is coming. Bunch of fucking faggots who think this is a reasonable policy.

Winehole23

03-06-2025, 11:41 AM

Trump is ISIS, committing mock executions over and over so you never know when the real one is coming. Bunch of fucking faggots who think this is a reasonable policy.it's possibly very lucrative for anyone who might know what Trump is going to say beforehand

Thread

03-06-2025, 02:04 PM

Trump is ISIS, committing mock executions over and over so you never know when the real one is coming. Bunch of fucking faggots who think this is a reasonable policy.

It's a revenge tour for the Pennsylvania hit, et al.

White man from town not forget, ever. It's his religion.

baseline bum

03-06-2025, 02:11 PM

It's a revenge tour for the Pennsylvania hit, et al.

White man from town not forget, ever. It's his religion.

Oh when that right wing SAWM missed by an inch? Why is he taking revenge on you then?

Thread

03-06-2025, 02:25 PM

Oh when that right wing SAWM missed by an inch? Why is he taking revenge on you then?

No, when the SS stood down in PA..

He ain't taking revenge on me. I'm a 100%.

Thread

03-06-2025, 02:27 PM

He's a skilled politician who had been honing his craft for decades manipulating the media into portraying him as a great businessman instead of a guy with a rich daddy who ran everything he touched into the ground.

For the past 10 years said media has been trying to get him impeached, convicted, imprisoned and murdered.

He's livin' still...

- "I'm President, and their not."

Winehole23

03-06-2025, 03:10 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:t6ubj2wlhc34awzcymh3qpur/bafkreibmguvecscnoazyjc7lfgci77gvodwlvdnxslg75q2ji 7fxsa2k2a@jpeg

baseline bum

03-06-2025, 03:49 PM

For the past 10 years said media has been trying to get him impeached, convicted, imprisoned and murdered.

He's livin' still...

- "I'm President, and their not."

You're insane, the media loves Trump and could never shut the fuck up about it. He likes to use it as a tool to play victim though, and he's a master at it.

ChumpDumper

03-06-2025, 04:05 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:t6ubj2wlhc34awzcymh3qpur/bafkreibmguvecscnoazyjc7lfgci77gvodwlvdnxslg75q2ji 7fxsa2k2a@jpeg

So he got Mexico to do -- nothing it wasn't already doing.

Art of the deal!

Thread

03-06-2025, 05:19 PM

You're insane, the media loves Trump and could never shut the fuck up about it. He likes to use it as a tool to play victim though, and he's a master at it.

You're wrong, but, inconsolable.

Blake

03-06-2025, 06:48 PM

You're insane, the media loves Trump and could never shut the fuck up about it. He likes to use it as a tool to play victim though, and he's a master at it.

Well the righty media love him because viewership/ listener numbers are huge for them.

The AP for instance, is not a fan of Trump at the moment

Blake

03-06-2025, 06:50 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:t6ubj2wlhc34awzcymh3qpur/bafkreibmguvecscnoazyjc7lfgci77gvodwlvdnxslg75q2ji 7fxsa2k2a@jpeg

I guess fentanyl is the new boogie man for him to use now

Thread

03-06-2025, 11:31 PM

Well the righty media love him because viewership/ listener numbers are huge for them.

The AP for instance, is not a fan of Trump at the moment

...neither is CNN, MSNBC, ABC, NBC, CBS.

The only reason FOX is is because of the money. CNN is too stubborn to sell out, but FOX is fine selling out.

Winehole23

03-07-2025, 12:32 AM

I guess fentanyl is the new boogie man for him to use nowOne weird thing about AMLO is that he played ball with Trump in certain ways, apparently sucking up while keeping more or less the same posture

President Sheinbaum seems to have a similar quality

Thread

03-07-2025, 02:29 PM

One weird thing about AMLO is that he played ball with Trump in certain ways, apparently sucking up while keeping more or less the same posture

President Sheinbaum seems to have a similar quality

...please, she permits her country/men/women to be considered as mules to labor at slave wages because that's all they've ever known. And with a straight face!

I God's it's squalid to behold.

velik_m

03-07-2025, 02:46 PM

Trump threatens new tariffs on Canada, including 250% tax on dairy

A day after offering Canada a one-month reprieve on punishing, virtually across-the-board 25% tariffs, President Donald Trump has threatened new tariffs as soon as Friday on Canadian lumber and dairy products. It’s yet another twist in a serpentine trade policy that seems to shift on an hourly basis.

“Canada has been ripping us off for years on lumber and on dairy products,” Trump said in an Oval Office address Friday, citing Canada’s roughly 250% tariff on US dairy exports to the country. Trump said America would match those tariffs dollar-for-dollar.

“We may do it as early as today, or we’ll wait until Monday or Tuesday,” Trump said. “We’re going to charge the same thing. It’s not fair. It never has been fair, and they’ve treated our farmers badly.”

Trump’s announcement gave investors, businesses and consumers another strong dose of whiplash. Just one day earlier, on Thursday, Trump announced a one-month pause on all tariffs on Canada and Mexico on products that comply with the US-Mexico-Canada free trade treaty, known as the USMCA. That had, at least temporarily, given many industries, especially autos and agriculture, a major sigh of relief.

...

https://edition.cnn.com/2025/03/07/business/tariffs-trump-canada/index.html

Blake

03-07-2025, 02:47 PM

Wtf is wrong with this idiot.

velik_m

03-08-2025, 03:07 AM

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

velik_m

03-08-2025, 05:41 AM

The U.S. is making more seizures of illegal eggs than fentanyl at its Canadian and Mexican borders

United States customs officers are making more seizures of poultry products, including eggs, than fentanyl, according to an analysis of official data by The Logic.

The U.S. has reported a 36 per cent jump in people trying to bring eggs into the country illegally since October, compared to the same period last year, as avian flu drives up costs. At the northern border with Canada, U.S. Customs and Border Protection’s (CBP) Detroit field office also recorded a 36 per cent increase during the same period. The San Diego field office, close to the border with Tijuana, Mexico, saw the number of egg seizures fly up 158 per cent.

The increase in egg smuggling comes as President Donald Trump wages a trade war with Canada and Mexico which he has attempted to justify by declaring a national emergency on border security related to illegal drugs and migration.

CBP won’t release the number of eggs it has stopped at the Canada-U.S. border, making a direct comparison to fentanyl impossible, but the agency does publish statistics on seizures of bird and poultry-related products.

These statistics reveal that, since October, U.S. CBP officers have made 3,768 seizures of bird and poultry-related products at all U.S. borders, compared to 352 fentanyl seizures in the same period. Bringing fresh eggs into the U.S. is illegal because of concerns about diseases. The same goes for raw chicken and other unprocessed bird products.

...

https://thelogic.co/news/canada-us-trade-war-eggs-fentanyl/

Winehole23

03-08-2025, 06:43 AM

...please, she permits her country/men/women to be considered as mules to labor at slave wages because that's all they've ever known. And with a straight face!

I God's it's squalid to behold.Mexico is a middle class country

Winehole23

03-08-2025, 06:58 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:k7wfpfm3ava6krd3esmcwavs/bafkreibq3u4xdzeybesvp4sgoajakkahc5ojtd7c7an43asi4 7bdyqrl3u@jpeg

Winehole23

03-08-2025, 07:24 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:dmopowukpuxjkjvvnsi4srit/bafkreia246o2babsamsddbuqf7dgtizr25rdywgxbfy5z2pxf q3yjvjgom@jpeg

Winehole23

03-09-2025, 03:15 AM

Murdochlandia revolting against Trump

The Wall Street Journal editorial board took a swipe at President Trump’s recent tariff threats (https://thehill.com/homenews/senate/5124600-trump-tariffs-canada-mexico/), alleging the administration is using a 48-year-old law to start a trade war (https://thehill.com/homenews/administration/5174579-donald-trump-trade-war-intensifies/).

In a recent op-ed (https://www.wsj.com/opinion/donald-trump-tariffs-emergency-power-ieepa-trade-mexico-canada-33e2739a?mod=opinion_lead_pos1), the board warned of a possible jolt in consumer prices (https://thehill.com/business/5175396-trump-tariffs-economic-impact/) once the tariffs go into full effect and urged someone to file a lawsuit in response.

“The President invokes a law that doesn’t give him power to impose sweeping tariffs,” they wrote in the article’s subhead. “Someone should sue.”

“He’s treating the North American economy as a personal plaything, as markets gyrate with each presidential whim,” the board wrote. “It’s doubtful Mr. Trump even has the power to impose these tariffs, and we hope his afflatus gets a legal challenge.”https://www.msn.com/en-us/politics/government/wall-street-journal-someone-should-sue-trump-over-tariffs/ar-AA1AxdhA

Thread

03-09-2025, 03:23 PM

Murdochlandia revolting against Trump

https://www.msn.com/en-us/politics/government/wall-street-journal-someone-should-sue-trump-over-tariffs/ar-AA1AxdhA

We lost Murdoch 5 years ago.

Winehole23

03-11-2025, 09:45 PM

https://d.ibtimes.com/en/full/4579812/white-house-press-secretary-karoline-leavitt.jpg?w=736&f=1f8034d08b3de9737bb0fb53575d6626

Leavitt: Tariffs are a tax hike on foreign countries and a tax cut for the American people

Reporter: Have you ever paid a tariff? I have. They don’t get charged on foreign countries

Leavitt: I think it’s insulting that you are trying test my knowledge on economics

ChumpDumper

03-11-2025, 09:49 PM

:lol she has a bachelor's in comms from St. Anselm College.

Thread

03-12-2025, 12:13 AM

:lol she has a bachelor's in comms from St. Anselm College.

With a Masters in building shoe-stores from Florsheim.

Winehole23

03-12-2025, 08:35 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:w2jujqedsm6kqfamnhzlml6b/bafkreigllrqtlfq4died2rrnvhpapey5pei35yxhnqnql2agq m2hgvpwbi@jpeg

TSA

03-12-2025, 10:07 AM

https://x.com/SMA_Steel/status/1899817102988526073

Winehole23

03-12-2025, 10:58 AM

^^^ smoke signals

ChumpDumper

03-12-2025, 11:10 AM

https://x.com/SMA_Steel/status/1899817102988526073

Are they actually going to modernize their plants this time or just up production in their shitty plants while it's more profitable?

baseline bum

03-12-2025, 11:52 AM

Murdochlandia revolting against Trump

https://www.msn.com/en-us/politics/government/wall-street-journal-someone-should-sue-trump-over-tariffs/ar-AA1AxdhA

There has already been a jolt in grocery prices just from that faggot's threats. Can't believe this is what these fuckheads wanted, but this time inflation is patriotic per Fox News.

TSA

03-12-2025, 11:59 AM

There has already been a jolt in grocery prices just from that faggot's threats. Can't believe this is what these fuckheads wanted, but this time inflation is patriotic per Fox News.

https://x.com/jeffreyatucker/status/1899783447838699889

TSA

03-12-2025, 12:03 PM

https://x.com/jeffreyatucker/status/1899783447838699889

https://x.com/profstonge/status/1899802430839140407

ChumpDumper

03-12-2025, 12:46 PM

https://x.com/jeffreyatucker/status/1899783447838699889

Damn, Biden really got things under control, didn't he?

Thread

03-12-2025, 08:05 PM

Damn, Biden really got things under control, didn't he?

Nonetheless...
"But I'm President, and their not."

Winehole23

03-13-2025, 08:07 AM

tariffs already hitting construction and renovation

lumber tariffs will hit homebuilders before long

President Donald Trump has promised to power the economy by imposing tariffs on foreign goods and materials.

Instead, the duties are heaping new costs on commercial real estate development projects in the US as prices rise sharply for core building components like steel, aluminum, copper, and tiling.

Joseph Taylor, the CEO of Matrix Development, a New Jersey-based warehouse developer, said that his company recently ran into tariff impacts on the steel it is buying to erect a warehouse in Newark, New Jersey.

"I can tell you steel is up 8-10%" for the project, Taylor said, noting that the increases had driven up the planned building's costs by about $2 million.

Another developer planning a more than $100 million warehouse outside of Washington, DC, meanwhile, said that Nucor, a North Carolina-based steel manufacturer that he had tapped to make the structural beams for the project, alerted him in recent days that prices were rising 15% on his $12 million order.

The developer was able to lock in his original price because he had made a reservation for the steel, but he now anticipates the project's construction costs will rise by about 10% overall because of the impact of tariffs on other materials, such as steel rebar in the project's concrete foundation, as well as growing charges for insulation and roofing.

The developer said that the increases would eat into his forecast returns for the development.

"It's going to be harder to get new projects going," the developer said.
https://www.businessinsider.com/tariffs-trump-steel-aluminum-tiles-development-real-estate-construction-2025-3

Winehole23

03-13-2025, 08:36 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:tm3djotsgwdkml5jn5rpubhd/bafkreibrmbe4qnotissxz5rb4lat3apij5q3jgapbs4ksmqre jedarhbq4@jpeg

Winehole23

03-13-2025, 10:02 AM

"The U.S. has been the best-functioning, most innovative economy in the world at a time when its rivals and partners are all struggling for different reasons.He’s throwing it away with his tariff policy."https://www.wsj.com/opinion/is-trump-throwing-it-away-his-tariff-circus-undermines-american-standing-when-we-need-it-1313ab89

Thread

03-13-2025, 01:28 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:tm3djotsgwdkml5jn5rpubhd/bafkreibrmbe4qnotissxz5rb4lat3apij5q3jgapbs4ksmqre jedarhbq4@jpeg

Excellent. All of that stuff is poison and has led to nothing but death, suffering and the destruction of men, women and American families.

Winehole23

03-13-2025, 03:05 PM

Alcohol is a drug for sure, a legal one according to common usage and custom.

Alcohol abuse is often destructive, biologically and socially.

But "nothing but?"

Are you a total stranger to the balms and ecstasies of drinking, Thread?

Winehole23

03-13-2025, 03:09 PM

There has already been a jolt in grocery prices just from that faggot's threats. Can't believe this is what these fuckheads wanted, but this time inflation is patriotic per Fox News.while laying off credentialled professionals by the hundreds of thousands -- deprofessionalizing government

it's being streamlined politically

CosmicCowboy

03-13-2025, 06:26 PM

I still say these fucking tariffs are stupid.

Winehole23

03-13-2025, 06:34 PM

I still say these fucking tariffs are stupid.oh yeah, but DOGE is cool

CosmicCowboy

03-13-2025, 06:37 PM

oh yeah, but DOGE is cool

It's a good shock to the bloated system. I'm ok with a lot of it.

Winehole23

03-13-2025, 06:43 PM

It's a good shock to the bloated system. I'm ok with a lot of it.no shit?

Winehole23

03-13-2025, 06:52 PM

all that constitutional shit about passing laws was too much of a bother, so now El0n/Trump get to rule by decree/shitposting

Thread

03-13-2025, 09:35 PM

all that constitutional shit about passing laws was too much of a bother, so now El0n/Trump get to rule by decree/shitposting

After Pennsylvania nothing matters but this...

"But I'm President...and their not."

velik_m

03-14-2025, 07:05 AM

US meat trade days away from getting 'kicked out' of China

Hundreds of abattoirs in the United States are at risk of being banned from exporting meat to China, because their China export licences are due to expire this weekend.

According to the US Department of Agriculture some beef, dairy, pork and poultry exporters have already had their registrations lapse and there had been a "lack of response by China Customs" to its requests to have the situation rectified.
"The expiry date for several hundred more US establishments is in March and April and [China Customs] has not responded to US government facility registration renewal requests," it said in statement.

US-based Global Agritrends director Brett Stuart said export licences issued five years ago were meant to auto-renew, but that was not happening and it seemed to be on purpose.

"So what we're looking at right now in America, is waking up Monday morning and having $US3 billion ($A4.77B) worth of beef, pork and poultry no longer eligible to export to China," he said.
...

https://www.abc.net.au/news/2025-03-14/3-billion-united-states-meat-trade-to-china-at-risk/105052220

Meat is about to get a lot cheaper in USA.

Thread

03-14-2025, 07:12 AM

https://www.abc.net.au/news/2025-03-14/3-billion-united-states-meat-trade-to-china-at-risk/105052220

Meat is about to get a lot cheaper in USA.

Amen.

Winehole23

03-20-2025, 08:41 AM

New port fees for Chinese-made ships could screw up shipping for US products

Trump's mania for tariffs will hit US importers hardest, but this measure would hit exporters

Trump is drafting an executive order that would rely on funding from a US Trade Representative (USTR) proposal to levy fines of up to US$1.5 million on China-made ships or vessels from fleets that include ships made in China.

Those potential port fees have limited the availability of ships needed to move agriculture, energy, mining, construction and manufactured goods to international buyers, according to major US exporters and transportation providers in interviews with Reuters, letters to US officials, and comments ahead of USTR hearings next week.

Vessel owners have already refused to provide offers for future US coal shipments due to the proposed USTR fees, Xcoal Energy & Resources CEO Ernie Thrasher said in a letter to US Department of Commerce Secretary Howard Lutnick dated Mar 12 and seen by Reuters.

Enacting and implementing those fees could cease exports of US coal within 60 days, putting US$130 billion worth of shipments at risk, Thrasher said. He said the fee structure could add up to 35 per cent to the delivered cost of US coal, making it uncompetitive on the global market.

“The loss of direct and indirect jobs would be catastrophic,” said Thrasher, who confirmed sending the letter and said he has not received a response.
https://www.businesstimes.com.sg/international/global/proposed-us-port-fees-china-built-ships-begin-choking-coal-agriculture-exports

Winehole23

03-21-2025, 08:16 AM

Trump's jawboning disturbs predictability, which makes it harder for banks and businesses to plan

Nick Corbishly ponders the possibility of debt and banking crisis in Mexico, with some historical background

In the past, Wall Street got bailed out when Mexico wiped out; the economic problem didn't stay within Mexico's borders.

Whatever we do to Mexico can rebound on us.

These cases underscore one of the biggest problems with Trump’s constant use of the threat of tariffs to get what he wants: the prolonged uncertainty it creates. Even if he keeps walking back those threats, Trump is still doing immense, if not fatal, damage to the USMCA trade deal by raising economic uncertainty to levels that many companies simply are not willing to bear. As the WSJ recently noted (https://archive.ph/Tjs2Y#selection-6059.0-6071.319), Trump’s arbitrary and personalized policymaking is at odds with the predictability that businesses crave.

Trump could tamp down the anxiety by laying out a coherent agenda (as some advisers have attempted) and a process for implementing it, such as asking Congress to write new tariffs into law, as the Constitution stipulates.

But that isn’t his nature. He revels in the power to impose and remove tariffs and other measures without warning, process, checks or balances.

The result has been economic-policy uncertainty at levels seen in past shocks such as the 2001 terrorist attacks, the 2008-09 financial crisis and the onset of the Covid pandemic in 2020. Those were all driven by events beyond U.S. control. This one is man-made, and will wax and wane with that man’s word and actions.

The financial toll from Trump 2.0’s tariffs is already magnitudes higher than the impact from all the tariffs imposed by Trump’s first administration.According to (https://archive.ph/uX6rD#selection-3147.0-3147.312) the FT, the first Trump administration imposed levies on imports valued at around $380 billion in 2018 and 2019. The new tariffs already affect $1 trillion worth of imports, estimates the Tax Foundation think-tank, rising to $1.4 trillion assuming exemptions covering some goods from Canada and Mexico expire on April 2, as was initially indicated.
https://www.nakedcapitalism.com/2025/03/moodys-raises-pressure-on-mexicos-economy-by-changing-outlook-of-banking-system-to-negative.html

Thread

03-21-2025, 05:15 PM

Winehole23

03-21-2025, 07:12 PM

...only if we remain in bed with them.

Just get up and get out and seal the border.

Problem solved.

But see we want to continue to exploit them and they want us to continue to exploit them because life is easier that way for them. They don't have to get up out of the Drug Cartel's bed and lose that cut of the drug business from North of the border. That's in reality...money from home.

See, Canada doesn't want to change. Mexico doesn't want to change...because [they've] enjoyed taking our pants down without risk. Once again it's MONEY FROM HOME.
& there ain't a better source of money than money from home.No

because US capital is already there, and the titanic appetite for illicit drugs is here.

sealing the border doesn't do shit about that, and it just makes us poorer in the meantime

When you stop the free flow of labor and capital, the economy suffers

Winehole23

03-21-2025, 07:15 PM

Maybe this has been deemed necessary to purify and protect the national blood against swarthy foreign strivers...we used to welcome that, to our great benefit

Thread

03-21-2025, 07:19 PM

No

because US capital is already there, and the titanic appetite for illicit drugs is here.

sealing the border doesn't do shit about that, and it just makes us poorer in the meantime

When you stop the free flow of labor and capital, the economy suffers

...yeah, slave labor and worthless border where drugs & slave labor pound us both mercilessly.

Mexico has no self-respect, because that is good enough for them and good enough for us because it's cheaper, but, it's still squalid and embarrassing that we're complicit in another countrie's piss poor existence.

They're not going to change, so, we tag along and glean what we can from them as long as we can. Who cares if they've lost their soul. CNN/MSNBC won't touch that. That's sacred, hands off, and everyone agrees, the old man included.

Winehole23

03-21-2025, 07:23 PM

...yeah, slave labor and worthless border where drugs & slave labor pound us both mercilessly.

Mexico has no self-respect, because that is good enough for them and good enough for us because it's cheaper, but, it's still squalid and embarrassing that we're complicit in another countrie's piss poor existence.

They're not going to change, so, we tag along and glean what we can from them as long as we can. Who cares if they've lost their soul. CNN/MSNBC won't touch that. That's sacred, hands off, and everyone agrees, the old man included.You underestimate Mexico

I think Canada is also being undrrestimated, they're not very powerful, but they got spirit.

Thread

03-21-2025, 07:25 PM

You underestimate Mexico

I think Canada is also being undrrestimated, they're not very powerful, but they got spirit.

They're run by drug cartels, Winester. That's it & that's all.

Not Canada, sure, but Canada is still in a state of shock that's why Trudeau blurted out "stupid" at Trump.

Canada has been busted. The gravy train is over. That recognition and the accompanying numbers is frightening to them.

"Fuck!" They're saying.

Winehole23

03-21-2025, 07:33 PM

You're just PFA here, really pitiful narrative tbh

Thread

03-21-2025, 11:45 PM

You're just PFA here, really pitiful narrative tbh

What's PFA?

velik_m

03-22-2025, 02:11 AM

Trump's Team of Economic Yes-Men

...
Stephen Miran, whom Trump has tapped to lead the Council of Economic Advisers, is arguably a more interesting case. Back in November he wrote “A User’s Guide to Restructuring the Global Trading System,” which might qualify as a manifesto if it were intelligible. My sense, however, is that reporters like the Wall Street Journal’s Greg Ip writing about the document have struggled to make sense of what Miran is saying.

I, however, don’t find Miran puzzling at all, thanks to my long experience as (among other things) an economics professor at MIT, Princeton and CUNY. You see, I recognize the genre. Most years, at least one student tries to BS his way through the term paper requirement by producing something with a bunch of learned-sounding references and some gratuitous equations, hoping that you won’t notice the absence of any coherent argument.

And when I say lack of coherence I don’t mean that I disagree; I mean that the document simply doesn’t hang together. Part 3 makes the case for tariffs by arguing that they won’t be inflationary because they’ll lead to a stronger dollar, reducing import prices. Part 4 then calls for an all-out effort to weaken the dollar, using emergency powers if necessary.

Oh, and Miran’s plan for weakening the dollar involves pressuring foreign governments to stop accumulating dollar reserves — in effect, diminishing the role of the dollar as a reserve currency. (That wouldn’t work, but never mind.) Let’s hope nobody tells Trump, who has threatened to impose punitive tariffs on any country that dares move away from the dollar.
...

https://paulkrugman.substack.com/p/trumps-team-of-economic-yes-men

Thread

03-22-2025, 06:45 AM

https://paulkrugman.substack.com/p/trumps-team-of-economic-yes-men

That's what you want..."Yes-Men"...you want no other kind. None, Nada, Zip, Zero, Uh, uh, Nope, Get out.

He didn't have that/them last time...McMasters, Kelly, Fats Barr, Bolton, etc. The old man learned his lesson the hard way and lived to tell and to prosper and is now wrecking vengeance upon those who done him not only dirt, and dirty dirt, but who had done him the worst kind of dirt...damnable dirt.

I still ain't crazy about Rubio. I'd keep a peeled & sharp eye on that guy if I were the old man. Any kind of monkey business and I'd fire his fuckin' ass on-the-spot.

And the old man needs to make a recess appointment right now while the opportunity is before him. Just to rile up the opposition, give 'em a red ass sometime this coming week. Like put "me" in there somewhere.

Winehole23

03-23-2025, 06:15 AM

Tariff loser: Texas

MAGAs are making Texas poorer and life for everyone more expensive

Texas does a ton of business with Mexico because of its geographic proximity — the state is right on the border so it's easy for goods to travel back and forth. With the new tariffs imposed by President Trump likely to be layered with retaliatory tariffs from Mexico, any future transactions for a business will likely be a lot more expensive.

While the short-term impact isn’t good, the long-term consequences may be even worse. The Perryman Group estimates that Texas is going to lose around 370,000 jobs annually as a result of the tariffs, and around $46 or $47 billion in gross domestic product (GDP).

For example, since Texas also acquires a large portion of its steel and lumber from Canada to build homes, the cost of construction could grow too (https://www.fox7austin.com/news/how-trumps-tariffs-will-impact-lumber-prices-housing-market), making it more difficult for people to find affordable housing in the state.

"You're basically fundamentally changing a system that's evolved over a long time that works really well and has produced a lot of benefits," Perryman underscored. "And so when you start interfering with that and dismantling that, you're going to see some significant consequences that really do work their way through a lot of different crevices in the economy."
https://www.msn.com/en-us/money/markets/texans-could-be-hardest-hit-the-state-could-lose-370-000-jobs-and-47-billion-a-year-in-gdp-because-of-trump-s-tariffs/ar-AA1Bu41Y

Thread

03-23-2025, 12:35 PM

Tariff loser: Texas

MAGAs are making Texas poorer and life for everyone more expensive

https://www.msn.com/en-us/money/markets/texans-could-be-hardest-hit-the-state-could-lose-370-000-jobs-and-47-billion-a-year-in-gdp-because-of-trump-s-tariffs/ar-AA1Bu41Y

Fake news so you can keep trying to turn Texas.

Nope.

Winehole23

03-24-2025, 08:10 PM

What's PFA?"pulled from (air)"

Winehole23

03-24-2025, 08:11 PM

Fake news so you can keep trying to turn Texas.

Nope.reality is that which when you wish it gone, remains

SnakeBoy

03-24-2025, 10:14 PM

When you stop the free flow of labor and capital, the economy suffers

Ah Koch brothers...getting back to your roots?

ChumpDumper

03-24-2025, 10:47 PM

Ah Koch brothers...getting back to your roots?

You're getting back to Smoot-Hawley and mercantilism.

Thread

03-25-2025, 03:22 AM

You're getting back to Smoot-Hawley and mercantilism.

+ all 7 swing states.

baseline bum

03-25-2025, 10:51 AM

It's a good shock to the bloated system. I'm ok with a lot of it.

Paying people to do useful work like cancer research, vaccine development, weather forecasting, audits to make sure the rich pay their taxes, etc bad. Paying $200 million for an ad campaign for Kristi Noem to thank Donald Trump for 'securing the border' is fine.

Thread

03-25-2025, 01:00 PM

Paying people to do useful work like cancer research, vaccine development, weather forecasting, audits to make sure the rich pay their taxes, etc bad. Paying $200 million for an ad campaign for Kristi Noem to thank Donald Trump for 'securing the border' is fine.

You shouldn't a fucked with him, bum. That was a mistake.

2nd mistake? You missed.

Let us proceed...

ChumpDumper

03-25-2025, 01:44 PM

It's a good shock to the bloated system. I'm ok with a lot of it.

:lmao the most predictable comment in ST history

baseline bum

03-25-2025, 02:03 PM

:lmao the most predictable comment in ST history

Especially with Elon not cutting any of the bloat but instead the useful parts of government.

ChumpDumper

03-25-2025, 02:13 PM

Especially with Elon not cutting any of the bloat but instead the useful parts of government.The only thing left is for him to say he didn't read because he was in rich person land.

Blake

03-25-2025, 02:59 PM

Paying people to do useful work like cancer research, vaccine development, weather forecasting, audits to make sure the rich pay their taxes, etc bad. Paying $200 million for an ad campaign for Kristi Noem to thank Donald Trump for 'securing the border' is fine.

It may seem trivial but even cutting park rangers poses a hazard to visitors and seems to be paving way to privatize our national parks...

Which trumptards don't give a shit about any way

Blake

03-25-2025, 03:00 PM

The only thing left is for him to say he didn't read because he was in rich person land.

U jeS jeALouS

SnakeBoy

03-25-2025, 03:08 PM

https://i.ibb.co/j9hQyxXh/bush-gif.gif

Blake

03-25-2025, 03:21 PM

Funny I would have posted that meme about you too in any given thread

Thread

03-25-2025, 03:26 PM

Funny I would have posted that meme about you too in any given thread

Well, you're late, fart-face.

ha, ha.

baseline bum

03-25-2025, 03:32 PM

It may seem trivial but even cutting park rangers poses a hazard to visitors and seems to be paving way to privatize our national parks...

Which trumptards don't give a shit about any way

It's already disgusting seeing vultures like Aramark running concessions in parks. Pay through the roof and the quality is horrendous. I remember doing a a 20+ mile hike up Half Dome and stopped at the pizza stand in Curry Village after because I was starving and could eat practically anything. Place was so understaffed the pizza was like a 3 hour wait so I got a chili dog there that was about the blandest thing I have ever tried to eat and just threw it away and ate a couple of microwave burritos instead. The privatized hotels in the park are supposed to be just as bad so I always camp in a tent since I don't feel like spending $500 a night to sleep in some dump.

Thread

03-25-2025, 03:37 PM

It's already disgusting seeing vultures like Aramark running concessions in parks. Pay through the roof and the quality is horrendous. I remember doing a a 20+ mile hike up Half Dome and stopped at the pizza stand in Curry Village after because I was starving and could eat practically anything. Place was so understaffed the pizza was like a 3 hour wait so I got a chili dog there that was about the blandest thing I have ever tried to eat and just threw it away and ate a couple of microwave burritos instead. The privatized hotels in the park are supposed to be just as bad so I always camp in a tent since I don't feel like spending $500 a night to sleep in some dump.

You're not going to double the minimum wage and walk away from that increase, nor run away from it.

That was an action that was made in relative silence in the circa. Why? Well, for the simple reason that the decision makers that made it knew what would happen, so, they made it and then went silent, crossed their fingers in a vain attempt that it wouldn't happen.........it happened.

baseline bum

03-25-2025, 03:43 PM

You're not going to double the minimum wage and walk away from that increase, nor run away from it.

That was an action that was made in relative silence in the circa. Why? Well, for the simple reason that the decision makers that made it knew what would happen, so, they made it and then went silent, crossed their fingers in a vain attempt that it wouldn't happen.........it happened.

Meh this was when they were making $7 an hour. Quit being such a cuck for billionaires who claim price increases are all coming from labor costs and not from driving out competition and collusion. Aramark in Yosemite was a perfect example of monopoly power screwing the people over.

Thread

03-25-2025, 03:51 PM

Meh this was when they were making $7 an hour. Quit being such a cuck for billionaires who claim price increases are all coming from labor costs and not from driving out competition and collusion. Aramark in Yosemite was a perfect example of monopoly power screwing the people over.

There is no need for you or I to get into the weeds. Christ, you've having a shit fit with Trump trying to clean up the "street"---on one hand and then with the other pissing and moaning about the weeds.

Yes, indeed $7 an hour is a disgrace, but then $14 an hour is going to cause a cataclysmic event. To portend thru abject silence that it was gonna be okay was and remains tragic folly..."Well, they'll be happy for a while as they get that double in pay and then...well, then I don't know..."

We not only got a stupefying price increase, but quality &&&&&& quantity were immediately, and I mean on-the-spot were instituted and compounded every time the weekly profit & loss materiel was toted up across the country.

It will take a generation at least before (it) meshes again, just about the time when another doubling will be considered.

Winehole23

03-26-2025, 10:17 AM

Trump continues to walk back tariffs

but how is he going to fill the revenue gap created by DOGE's destruction of IRS capacity without massive tariffs?

After Trump said last night the April 2 tariffs would be more "lenient than reciprocal," a White House official now tells @eamonjavers.bsky.social (https://bsky.app/profile/did:plc:aue7ltecmvhe4xpsjm5oowso)

that means he may not be including all of what he sees as non-tariff barriers—VATs, currency manipulation, regulations—in calculating a reciprocal rate.https://bsky.app/profile/megancnbc.bsky.social/post/3llbxxjfxc224

Blake

03-26-2025, 11:49 AM

Trump continues to walk back tariffs

but how is he going to fill the revenue gap created by DOGE's destruction of IRS capacity without massive tariffs?

https://bsky.app/profile/megancnbc.bsky.social/post/3llbxxjfxc224

What a jack ass.

Need all of you trumpers that have been praising the hard core tariffs to get in here and give your thoughts on your master's folding

Winehole23

03-26-2025, 01:01 PM

What a jack ass.

Need all of you trumpers that have been praising the hard core tariffs to get in here and give your thoughts on your master's foldingWall Street/BlackRock probably screwed his head back on straight

Blake

03-26-2025, 01:31 PM

Wall Street/BlackRock probably screwed his head back on straight

"Wait how much am I going to lose on my line of basketball shoes made in China?"

Thread

03-26-2025, 02:31 PM

What a jack ass.

Need all of you trumpers that have been praising the hard core tariffs to get in here and give your thoughts on your master's folding

..."But I'm President...and their not."

Winehole23

03-26-2025, 06:59 PM

they adjusted his head, then Trump verbally minimized his MEGAtariff

to his credit, it should be said

for now

Blake

03-26-2025, 09:57 PM

they adjusted his head, then Trump verbally minimized his MEGAtariff

to his credit, it should be said

for now

So is uncertainty what that idiot is going to do better than a Mega tariff certainty?

Thread

03-26-2025, 10:00 PM

So is uncertainty what that idiot is going to do better than a Mega tariff certainty?

He's got Canada snortin' like a bull in a China closet over tariffs.

Winehole23

03-26-2025, 10:01 PM

So is uncertainty what that idiot is going to do better than a Mega tariff certainty?who knows?

whatever he says, they'll try to back it

Thread

03-26-2025, 10:05 PM

who knows?

whatever he says, they'll try to back it

No, I've differed with him on Russia and that war.

I've differed with him on Israel and that war.

Winehole23

03-26-2025, 10:06 PM

No, I've differed with him on Russia and that war.

I've differed with him on Israel and that war.ok, thx for volunteering that

Thread

03-26-2025, 10:15 PM

ok, thx for volunteering that

It's old news. You're in fact the one who clued me in on Biden first & now Trump providing health-care/FULL RIDE for Israeli's.

Winehole23

03-26-2025, 11:33 PM

dude, there was never any super dole

like the Donald J Trump super dole in 2020

velik_m

03-27-2025, 10:10 AM

Dallas Fed Energy Survey

Comments from Survey Respondents

The key word to describe 2025 so far is “uncertainty” and as a public company, our investors hate uncertainty. This has led to a marked increase in the implied cost of capital of our business, with public energy stocks down significantly more than oil prices over the last two months. This uncertainty is being caused by the conflicting messages coming from the new administration. There cannot be "U.S. energy dominance" and $50 per barrel oil; those two statements are contradictory. At $50-per-barrel oil, we will see U.S. oil production start to decline immediately and likely significantly (1 million barrels per day plus within a couple quarters). This is not “energy dominance.” The U.S. oil cost curve is in a different place than it was five years ago; $70 per barrel is the new $50 per barrel.
First, trade and tariff uncertainty are making planning difficult. Second, I urge the administration to engage with U.S. steel executives to boost domestic production and introduce new steel specs. This will help lower domestic steel prices, which have risen over 30 percent in one month in anticipation of tariffs.
The administration's chaos is a disaster for the commodity markets. "Drill, baby, drill" is nothing short of a myth and populist rallying cry. Tariff policy is impossible for us to predict and doesn't have a clear goal. We want more stability.
The disconnection of oil and natural gas markets, specifically commodity pricing, seems to be causing a feast-or-famine effect on the industry. Companies with natural-gas-weighted assets will spend more money in 2025 developing their assets, but oil-weighted companies will decrease capital spending with the current pressure on oil pricing for 2025.
The administration’s tariffs immediately increased the cost of our casing and tubing by 25 percent even though inventory costs our pipe brokers less. U.S. tubular manufacturers immediately raised their prices to reflect the anticipated tariffs on steel. The threat of $50 oil prices by the administration has caused our firm to reduce its 2025 and 2026 capital expenditures. "Drill, baby, drill" does not work with $50 per barrel oil. Rigs will get dropped, employment in the oil industry will decrease, and U.S. oil production will decline as it did during COVID-19.
I have never felt more uncertainty about our business in my entire 40-plus-year career.
Uncertainty around everything has sharply risen during the past quarter. Planning for new development is extremely difficult right now due to the uncertainty around steel-based products. Oil prices feel incredibly unstable, and it's hard to gauge whether prices will be in the $50s per barrel or $70s per barrel. Combined, our ability to plan operations for any meaningful amount of time in the future has been severely diminished.
The only certainty right now is uncertainty. With that in mind, we are approaching this economic cycle with heightened capital discipline and a focus on long-term resilience. I don't believe the tariffs will have a significant effect on drilling and completion plans for 2025, although I would imagine most managers are developing contingency plans for the potential effects of deals (Russia-Ukraine deal, Gaza-Israel-Iran deal) on global crude or natural gas flows. Now these contingency plans probably have more downside price risk baked in than initial drilling plans did for 2025.
Steel prices and overall labor and drilling costs are up relative to the price of oil in 2021 (the same pricing regime but costs are up).
Oil prices have decreased while operating costs have continued to increase. To stimulate new activity, oil prices need to be in the $75-$80 per barrel range. Natural gas take-away in the Permian Basin has not improved for any of my properties, and I am still getting paid slightly negative to barely positive prices for natural gas. Last month I was paid 29 cents per million cubic feet. I feel very negative about the short-term outlook for the oil and gas business.
Geopolitical risk and economic uncertainty continue to cloud our picture looking forward.
The rhetoric from the current administration is not helpful. If the oil price continues to drop, we will shut in production and do quick drilling.

...

https://www.dallasfed.org/research/surveys/des/2025/2501#tab-comments

velik_m

03-27-2025, 10:12 AM

TSA

03-27-2025, 11:11 AM

Major US steel manufacturer laying off 600 in Dearborn, citing weak auto demand

Steelmaker Cleveland-Cliffs Inc. will idle some operations at its Dearborn plant this summer, indicating “the current reality of weak automotive production in the U.S.” as the reason it will lay off about 600 employees.

The company will idle the Michigan basic oxygen furnace steel shop and continuous casting facilities.

Cleveland-Cliffs’ Michigan shutdown comes after similar moves in Minnesota, where another nearly 600 steelworkers will be laid off starting in May.

Robert Fischer, executive vice president of human resources and labor relations for Cleveland-Cliffs, said in a letter to employees that 255 workers from Hibbing Taconite Co. and another 342 from Minorca Mine would be impacted, a local Fox outlet reported.

https://eu.freep.com/story/money/cars/2025/03/26/cleveland-cliffs-steel-layoffs-dearborn-works/82669903007/

In a Victory for Autoworkers, Auto Tariffs Mark the Beginning of the End of NAFTA and the “Free Trade” Disaster

https://uaw.org/tariffs-mark-beginning-of-victory-for-autoworkers/

"With these tariffs, thousands of good-paying blue collar auto jobs could be brought back to working-class communities across the United States within a matter of months, simply by adding additional shifts or lines in a number of underutilized auto plants. Right now, thousands of autoworkers are laid off at Ford, General Motors, and Stellantis following recent decisions by auto executives to ship jobs to Mexico.

Across a dozen Big Three auto plants that have seen major declines, production has fallen by 2 million units per year in the past decade, while millions of vehicles sold here are made with low-wage, high-exploitation labor abroad. That means auto companies that have made record profits get to drive wages down further for both Mexican and U.S. workers while Wall Street and the corporate class get record payouts.

Those plants include Ford Flat Rock Assembly (Flat Rock, MI), Ford Louisville Assembly (Louisville, KY), Ford Ohio Assembly (Sheffield, OH), Ford Michigan Assembly (Wayne, MI), GM Fairfax (Kansas City, KS), GM Lansing Grand River (Lansing, MI), GM Factory Zero (Detroit & Hamtramck, MI), GM Spring Hill (Spring Hill, TN), Stellantis Warren Truck Assembly (Warren, MI), Stellantis Toledo Assembly (Toledo, OH), Stellantis Sterling Heights Assembly (Sterling Heights, MI), Stellantis Jefferson North Assembly (Detroit, MI). The same pattern can be seen in the heavy truck industry, whether at Freightliner in North Carolina, Navistar in Ohio, or dozens of other employers across the economy.

The economic benefits of filling these plants back up with product and good auto jobs would be enormous and have a cascading effect throughout communities from Michigan to Tennessee.

At Volkswagen in Chattanooga, Tennessee, the company recently violated labor law by unilaterally announcing the elimination of a shift during first contract negotiations. Volkswagen makes 75% of their North America product in Mexico for $7 an hour, and over 40% of their U.S. sales are produced by workers earning poverty wages in Mexico. That shift should be restored immediately as production shifts back to the US.

At Warren Truck Assembly Plant in Warren, Michigan, for example, over 1,000 autoworkers are laid off while the plant sits underutilized and $100,000 Stellantis trucks are built in Mexico for $3 an hour. These layoffs were announced less than six months ago and could be undone. Those jobs could be brought back to Michigan immediately with well-designed auto tariffs.

In addition to idle capacity at existing plants, there are plants that stand empty and with moderate retooling could easily employ tens of thousands of workers. Lordstown Assembly sits empty in Lordstown, Ohio, and employed nearly 10,000 autoworkers when NAFTA was passed. Belvidere Assembly is slated to reopen with around 1,500 jobs; as recently as 2019, the plant employed 5,000 autoworkers.

The Big Three have closed or spun off 65 facilities in the past 20 years. There is plenty of work to go around at profitable margins, and plenty of working-class people looking for good, union jobs. With a serious tariff regime, we can incentivize the Big Three and the rest of the auto industry to reinvest in the American autoworker, and America’s blue-collar communities."

ChumpDumper

03-27-2025, 11:29 AM

In a Victory for Autoworkers, Auto Tariffs Mark the Beginning of the End of NAFTA and the “Free Trade” Disaster

https://uaw.org/tariffs-mark-beginning-of-victory-for-autoworkers/

"With these tariffs, thousands of good-paying blue collar auto jobs could be brought back to working-class communities across the United States within a matter of months, simply by adding additional shifts or lines in a number of underutilized auto plants. Right now, thousands of autoworkers are laid off at Ford, General Motors, and Stellantis following recent decisions by auto executives to ship jobs to Mexico.

Across a dozen Big Three auto plants that have seen major declines, production has fallen by 2 million units per year in the past decade, while millions of vehicles sold here are made with low-wage, high-exploitation labor abroad. That means auto companies that have made record profits get to drive wages down further for both Mexican and U.S. workers while Wall Street and the corporate class get record payouts.

Those plants include Ford Flat Rock Assembly (Flat Rock, MI), Ford Louisville Assembly (Louisville, KY), Ford Ohio Assembly (Sheffield, OH), Ford Michigan Assembly (Wayne, MI), GM Fairfax (Kansas City, KS), GM Lansing Grand River (Lansing, MI), GM Factory Zero (Detroit & Hamtramck, MI), GM Spring Hill (Spring Hill, TN), Stellantis Warren Truck Assembly (Warren, MI), Stellantis Toledo Assembly (Toledo, OH), Stellantis Sterling Heights Assembly (Sterling Heights, MI), Stellantis Jefferson North Assembly (Detroit, MI). The same pattern can be seen in the heavy truck industry, whether at Freightliner in North Carolina, Navistar in Ohio, or dozens of other employers across the economy.

The economic benefits of filling these plants back up with product and good auto jobs would be enormous and have a cascading effect throughout communities from Michigan to Tennessee.

At Volkswagen in Chattanooga, Tennessee, the company recently violated labor law by unilaterally announcing the elimination of a shift during first contract negotiations. Volkswagen makes 75% of their North America product in Mexico for $7 an hour, and over 40% of their U.S. sales are produced by workers earning poverty wages in Mexico. That shift should be restored immediately as production shifts back to the US.

At Warren Truck Assembly Plant in Warren, Michigan, for example, over 1,000 autoworkers are laid off while the plant sits underutilized and $100,000 Stellantis trucks are built in Mexico for $3 an hour. These layoffs were announced less than six months ago and could be undone. Those jobs could be brought back to Michigan immediately with well-designed auto tariffs.

In addition to idle capacity at existing plants, there are plants that stand empty and with moderate retooling could easily employ tens of thousands of workers. Lordstown Assembly sits empty in Lordstown, Ohio, and employed nearly 10,000 autoworkers when NAFTA was passed. Belvidere Assembly is slated to reopen with around 1,500 jobs; as recently as 2019, the plant employed 5,000 autoworkers.

The Big Three have closed or spun off 65 facilities in the past 20 years. There is plenty of work to go around at profitable margins, and plenty of working-class people looking for good, union jobs. With a serious tariff regime, we can incentivize the Big Three and the rest of the auto industry to reinvest in the American autoworker, and America’s blue-collar communities.""could be"

Will they?

Also, you've really limited your posts to just this?

Do you still like Pete? You sure shut the fuck up about him for some reason.

Thread

03-27-2025, 11:51 AM

"could be"

Will they?

Also, you've really limited your posts to just this?

Do you still like Pete? You sure shut the fuck up about him for some reason.

...you couldn't drag me away.

Winehole23

03-27-2025, 11:52 AM

“If the tariffs go through this time, by mid-April, we expect disruption to virtually all North American vehicle production amounting to 20,000 fewer vehicles produced per day, which is about a 30% hit to production,” Smoke said.https://www.freep.com/story/money/cars/2025/03/26/tariffs-vehicle-sales-us-auto-forecasts-trump/82669981007/

Thread

03-27-2025, 11:53 AM

https://www.freep.com/story/money/cars/2025/03/26/tariffs-vehicle-sales-us-auto-forecasts-trump/82669981007/

- "Promises, promises."

- Ernie "The Cat" Ladd

ChumpDumper

03-27-2025, 02:51 PM

In a Victory for Autoworkers, Auto Tariffs Mark the Beginning of the End of NAFTA and the “Free Trade” Disaster

https://uaw.org/tariffs-mark-beginning-of-victory-for-autoworkers/

"With these tariffs, thousands of good-paying blue collar auto jobs could be brought back to working-class communities across the United States within a matter of months, simply by adding additional shifts or lines in a number of underutilized auto plants. Right now, thousands of autoworkers are laid off at Ford, General Motors, and Stellantis following recent decisions by auto executives to ship jobs to Mexico.

Across a dozen Big Three auto plants that have seen major declines, production has fallen by 2 million units per year in the past decade, while millions of vehicles sold here are made with low-wage, high-exploitation labor abroad. That means auto companies that have made record profits get to drive wages down further for both Mexican and U.S. workers while Wall Street and the corporate class get record payouts.

Those plants include Ford Flat Rock Assembly (Flat Rock, MI), Ford Louisville Assembly (Louisville, KY), Ford Ohio Assembly (Sheffield, OH), Ford Michigan Assembly (Wayne, MI), GM Fairfax (Kansas City, KS), GM Lansing Grand River (Lansing, MI), GM Factory Zero (Detroit & Hamtramck, MI), GM Spring Hill (Spring Hill, TN), Stellantis Warren Truck Assembly (Warren, MI), Stellantis Toledo Assembly (Toledo, OH), Stellantis Sterling Heights Assembly (Sterling Heights, MI), Stellantis Jefferson North Assembly (Detroit, MI). The same pattern can be seen in the heavy truck industry, whether at Freightliner in North Carolina, Navistar in Ohio, or dozens of other employers across the economy.

The economic benefits of filling these plants back up with product and good auto jobs would be enormous and have a cascading effect throughout communities from Michigan to Tennessee.

At Volkswagen in Chattanooga, Tennessee, the company recently violated labor law by unilaterally announcing the elimination of a shift during first contract negotiations. Volkswagen makes 75% of their North America product in Mexico for $7 an hour, and over 40% of their U.S. sales are produced by workers earning poverty wages in Mexico. That shift should be restored immediately as production shifts back to the US.

At Warren Truck Assembly Plant in Warren, Michigan, for example, over 1,000 autoworkers are laid off while the plant sits underutilized and $100,000 Stellantis trucks are built in Mexico for $3 an hour. These layoffs were announced less than six months ago and could be undone. Those jobs could be brought back to Michigan immediately with well-designed auto tariffs.

In addition to idle capacity at existing plants, there are plants that stand empty and with moderate retooling could easily employ tens of thousands of workers. Lordstown Assembly sits empty in Lordstown, Ohio, and employed nearly 10,000 autoworkers when NAFTA was passed. Belvidere Assembly is slated to reopen with around 1,500 jobs; as recently as 2019, the plant employed 5,000 autoworkers.

The Big Three have closed or spun off 65 facilities in the past 20 years. There is plenty of work to go around at profitable margins, and plenty of working-class people looking for good, union jobs. With a serious tariff regime, we can incentivize the Big Three and the rest of the auto industry to reinvest in the American autoworker, and America’s blue-collar communities."

VICTORY!

1905028268694094207

https://x.com/wxyzdetroit/status/1905028268694094207

Blake

03-27-2025, 05:21 PM

Lol tsa

Thread

03-27-2025, 06:51 PM

Not steel & aluminum mind ya's but take a ganders at these tariffs coming out of Canada...

Chicken: 263%
Turkey: 179%
Butter: 175%
Dairy Spreads: 165%
Milk: 155%
Cheese: 147%
Beef: 77%
Pork: 77%
Eggs: 66%
Flour: 40%
Wheat: 38%
Orange Juice: 25%
Peanut Butter: 25%

Let us proceed...

Winehole23

03-28-2025, 05:40 AM

Trump how other auto companies should run their business after he unilaterally raised their costs, and threatening them if they don't

When President Trump (https://www.wsj.com/topics/person/donald-trump) convened CEOs of some of the country’s top automakers for a call earlier this month, he issued a warning: They better not raise car prices (https://www.wsj.com/business/autos/how-trumps-tariffs-are-hitting-the-worlds-biggest-auto-exporters-17b2dd12?mod=article_inline) because of tariffs.

Trump told the executives that the White House would look unfavorably on such a move, leaving some of them rattled and worried they would face punishment if they increased prices, people with knowledge of the call said.
https://www.wsj.com/business/autos/trump-tariffs-automaker-prices-warning-928bc7a9

Winehole23

03-28-2025, 05:41 AM

"sell your product at a loss or else" is quite the flex

Winehole23

03-28-2025, 06:31 AM

are price controls on the way?

Thread

03-28-2025, 08:29 AM

Winehole23

03-28-2025, 09:15 AM

Prices that consumers pay on the lot could increase by $4,000 to $15,000 per vehicle, depending on how much of the car is imported, according to several analysts’ estimates.

The tariffs (https://www.whitehouse.gov/presidential-actions/2025/03/adjusting-imports-of-automobiles-and-autombile-parts-into-the-united-states/) will kick in at midnight on April 3, and Trump has said they will be “permanent.”
https://www.cnbc.com/2025/03/27/trump-auto-tariffs-car-prices-analysts.html

Winehole23

03-29-2025, 07:33 AM

underrated: Trump pissing off Japan

Nor is Tokyo happy. Toyota Motor (https://asiatimes.com/2025/03/us-to-tariff-japanese-autos-to-be-fair/), the globe’s biggest automaker, exports roughly half the vehicles it sells to the US market. This is despite Toyota running sprawling factories in Indiana, Kentucky, Mississippi and Texas and large engine plants in Alabama and West Virginia.

It’s also despite Japan’s 100% compliance with the free-trade agreement Trump 1.0 negotiated with former Japanese leader Shinzo Abe.
https://asiatimes.com/2025/03/trumps-tariffs-wont-save-musk-from-chinas-byd/#

Winehole23

03-29-2025, 07:34 AM

The stories analysts like to tell about the global car industry are rarely straightforward. Musk, for example, didn’t found Telsa – he bought the company from Martin Eberhard and Marc Tarpenning.

Nor is it clear Tesla would’ve survived without a ginormous $465 million federal loan (https://www.energy.gov/lpo/tesla) from US President Barack Obama’s administration.

Thread

03-29-2025, 03:07 PM

underrated: Trump pissing off Japan

https://asiatimes.com/2025/03/trumps-tariffs-wont-save-musk-from-chinas-byd/#

Hell, they ain't sent a Japanese child to the slaughters in over 80 years. Bombing Pearl worked out just fine for them.

No MIC. They use our MIC.

Fuck us.

Winehole23

03-29-2025, 06:14 PM

just winging it

“No one knows what the fuck is going on,” said one White House ally close to Trump’s inner circle, granted anonymity to speak freely. “What are they going to tariff? Who are they gonna tariff and at what rates? Like, the very basic questions haven’t been answered yet.”

Indeed, while the White House is projecting confidence publicly, multiple administration officials, as well as top allies on the outside, are privately concerned that next week’s roll-out could be as rocky as when he imposed tariffs on Canada, Mexico and China on March 4, worsening a rout on stocks that began in mid-February. Though the S&P 500 has since regained some ground, all of its previous gains since Election Day have been erased.

Part of that is because Trump continues to threaten to plow ahead with an expansive tariff rollout, siding with the trade protectionists in his administration despite warnings from other advisers of the negative economic impacts. Inflation rose at a higher-than-expected rate last month (https://www.politico.com/news/2025/03/28/stagflation-risk-inflation-trump-economy-tariffs-00256500), the Commerce Department disclosed on Friday, even before the potential onslaught of higher prices from the sweeping tariffs.
But it’s also because the president continues to throw curveballs at businesses — and even his own team.

Case in point: Wednesday’s decision to slap the auto industry with 25 percent tariffs (https://www.politico.com/news/2025/03/26/trump-auto-imports-tariffs-00252392). While expected in some fashion in the near future, the announcement came together so last minute that the White House wasn’t fully prepared and had to delay afternoon programming as they sought to finalize the plan, according to two people familiar with the roll-out.

The White House also didn’t brief industry stakeholders in the U.S. or abroad beforehand — though a White House official argued that if they were “smart” they would have known it was coming, since Trump himself issued a public warning.
https://www.politico.com/news/2025/03/29/trump-aides-tariffs-liberation-day-fears-00259081

Thread

03-29-2025, 06:41 PM

just winging it

https://www.politico.com/news/2025/03/29/trump-aides-tariffs-liberation-day-fears-00259081

It ain't life or death, Winester.

If he pussy's out altogether the world will win, right, W?

If he hedges, or, goes thru with it altogether then the world loses, right, W?

velik_m

03-30-2025, 11:45 AM

South Korea, China, Japan agree to promote regional trade as Trump tariffs loom

...
"It is necessary to strengthen the implementation of RCEP, in which all three countries have participated, and to create a framework for expanding trade cooperation among the three countries through Korea-China-Japan FTA negotiations," said South Korean Trade Minister Ahn Duk-geun, referring to the Regional Comprehensive Economic Partnership.

The ministers met ahead of Trump's announcement on Wednesday of more tariffs in what he calls "liberation day", as he upends Washington's trading partnerships.

Seoul, Beijing and Tokyo are major U.S. major trading partners, although they have been at loggerheads among themselves over issues including territorial disputes and Japan's release of wastewater from the wrecked Fukushima nuclear power plant.

They have not made substantial progress on a trilateral free-trade deal since starting talks in 2012.

RCEP, which went into force in 2022, is a trade framework among 15 Asia-Pacific countries aimed at lowering trade barriers.

...

https://www.reuters.com/world/asia-pacific/south-korea-china-japan-agree-promote-regional-trade-trump-tariffs-loom-2025-03-30/

SnakeBoy

03-30-2025, 01:42 PM

https://www.reuters.com/world/asia-pacific/south-korea-china-japan-agree-promote-regional-trade-trump-tariffs-loom-2025-03-30/

They have not made substantial progress on a trilateral free-trade deal since starting talks in 2012.

Thread

03-30-2025, 02:13 PM

https://www.reuters.com/world/asia-pacific/south-korea-china-japan-agree-promote-regional-trade-trump-tariffs-loom-2025-03-30/

That's an easy fix...close the Shangri-La base there in the South of Korea leaving them to the North of Korea and the fat slope.

Tell Japan the next time there is a dust up ANYWHERE on the face of the earth they're gonna send their children to that slaughterPERIOD

Tell China..."Let us proceed..."

ChumpDumper

03-30-2025, 06:02 PM

They have not made substantial progress on a trilateral free-trade deal since starting talks in 2012.

They probably will now thanks to your dumb ass.

SnakeBoy

03-30-2025, 08:26 PM

They probably will now thanks to your dumb ass.

If Trump gets the Japs, Chicoms, and Koreans to stop hating each other he'll deserve another Nobel

ChumpDumper

03-30-2025, 09:05 PM

If Trump gets the Japs, Chicoms, and Koreans to stop hating each other he'll deserve another NobelThey can have a trade agreement and still hate each other, dumbass.

Trump made you stupid.

Thread

03-30-2025, 10:01 PM

They can have a trade agreement and still hate each other, dumbass.

Trump made you stupid.

...though he was smart enough to pile drive Biden-then Harris-straight into the earth, Dumper.

Winehole23

03-31-2025, 07:28 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:z6rujpf4u56jfie7aqic2nfg/bafkreiaa2eybjkg5g6mpohecrepsvf6g7jm4cgvbachwd2rvf y2pq4sjxm@jpeg

Winehole23

03-31-2025, 07:37 AM

the ag bailout devoured a significant amount of the Trump 1.0 tariffs

bigger tariffs = bigger bailout this time

Ahead of President Trump’s plan to impose sweeping tariffs across the globe this week, his administration is weighing a new round of emergency aid to farmers, who are likely to be caught in the middle if America’s trading partners retaliate.

The early discussions offer a tacit acknowledgment that Mr. Trump’s expansive tariffs could unleash financial devastation throughout the U.S. agricultural industry, a crucial voting base that the president similarly tried to safeguard during his 2018 trade war with China.

Josh Gackle, the chairman of the American Soybean Association, said the industry’s preference is not for government handouts but “access to a free and fair trade market.” In the meantime, he said he hoped the administration could “find a way to address that financial impact on our farms” from the upcoming tariffs.

But there are growing doubts as to whether U.S.D.A has the funding at its disposal to assist farmers, especially if Mr. Trump’s upcoming tariffs cause widespread international blowback.

Any gap might require Congress to replenish the agency’s borrowing authority early, raising a complicated political debate on Capitol Hill, where some conservative Republicans historically have criticized the U.S.D.A. program and sought to restrict the way that the department can spend its funds.
https://www.nytimes.com/2025/03/31/us/politics/farmers-bailouts-trump-tariffs.html

sickdsm

03-31-2025, 10:08 AM

the ag bailout devoured a significant amount of the Trump 1.0 tariffs

bigger tariffs = bigger bailout this time

https://www.nytimes.com/2025/03/31/us/politics/farmers-bailouts-trump-tariffs.html
Blake prefers more farmer welfare. Keeps grocery bill low he says.

Canada about to get pounded per their response.

ChumpDumper

03-31-2025, 10:10 AM

Blake prefers more farmer welfare. Keeps grocery bill low he says.

Canada about to get pounded per their response.Keep grocery bills high?

You just seem to be lashing out at everyone these days.

Winehole23

03-31-2025, 10:14 AM

They can have a trade agreement and still hate each other, dumbass.

Trump made you stupid."Our two main east Asian allies teaming up against us with our main strategic adversary is good news"

ChumpDumper

03-31-2025, 04:45 PM

Promise broken. Bait switched.

1906483198730678451

https://x.com/scarylawyerguy/status/1906483198730678451

Winehole23

03-31-2025, 04:47 PM

"the damage you feel now is proof that it's working!"

Winehole23

03-31-2025, 06:25 PM

Blake prefers more farmer welfare. Keeps grocery bill low he says.

Canada about to get pounded per their response.yeah

what do you think about Trump bailing out the ag sector again?

Winehole23

03-31-2025, 10:31 PM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:bwd25sfs6d4locwcipghbi66/bafkreig5gwxff77kcgbvundffywsbbxg4zbkm3ynwjnqb23dm mbyrprfb4@jpeg

Thread

04-01-2025, 12:40 AM

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:bwd25sfs6d4locwcipghbi66/bafkreig5gwxff77kcgbvundffywsbbxg4zbkm3ynwjnqb23dm mbyrprfb4@jpeg

Damn right!!!

Winehole23

04-01-2025, 08:23 AM

straight talk from the Tory Telegraph

Trump is plotting the biggest tax rise in global historyThe burden for paying the bulk of the president’s Liberation Day tariffs will fall on consumers, potentially at some $600 billion a year
https://www.telegraph.co.uk/us/comment/2025/03/31/trump-plotting-biggest-tax-rise-global-history/

Thread

04-01-2025, 08:36 AM

straight talk from the Tory Telegraph

https://www.telegraph.co.uk/us/comment/2025/03/31/trump-plotting-biggest-tax-rise-global-history/

You'll have to aim better, son.

baseline bum

04-01-2025, 03:59 PM

You'll have to aim better, son.

LOL willing to pay a 25% bump in taxes because some slick talking New Yorker gave you half a chub

Thread

04-01-2025, 08:30 PM

LOL willing to pay a 25% bump in taxes because some slick talking New Yorker gave you half a chub

I'd be overjoyed for that portion of chub, bum. I have less than a quarter chub, way less. And it's not even a true chub, more like a soft stub.

Winehole23

04-02-2025, 06:16 AM

Trump is liberating America from GDP growth today

The emergency power he's relying on to lay tariffs is horseshit, fentanyl smuggled from Canada is relative bupkis. Levying taxes -- let alone the biggest peacetime tax ever in the US -- is an enumerated power of Congress

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:4j2eqtwc6best7nbetqx4367/bafkreiho23xicxcilvv2qnctvfp4mdv5ygrdnt6jtubflx2in ayiz3wqyu@jpeg

Winehole23

04-02-2025, 07:25 AM

Trumplandia was cramming the night before the exam, very important things get improvised on the fly by this administration

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:ddvus7otnqtlh7fdooxm6qat/bafkreiahabyz7lmz7cnqxawwtd2sq6y57r2h75mfjvhqgs46s kuov2jssy@jpeg

Winehole23

04-02-2025, 08:12 AM

Does Trump think he's laying a tariff on drug smugglers, or does he just think people will repeat whatever he says?

https://cdn.bsky.app/img/feed_fullsize/plain/did:plc:2vtbmhmrwzbqcfv4we4uxzzt/bafkreih3q7mibi2ui2sjdvjklqlcguqld4fq6xrt3ktph6n4h ifteqo32q@jpeg

velik_m

04-02-2025, 10:05 AM

China Restricts Companies From Investing in US as Tensions Rise

...
Several branches of China’s top economic planning agency, the National Development and Reform Commission, have been instructed in recent weeks to hold off on registration and approval for firms that are looking to invest in the US, the people said, asking not to be identified discussing sensitive issues.

While China has previously placed restrictions on some overseas investments for reasons linked to concerns about national security and capital outflows, the new measures underscore tensions playing out between the world’s two biggest economies as Donald Trump ramps up tariffs. China’s outbound investments into the US totaled $6.9 billion in 2023, according to the latest available figures.

There’s no sign that existing commitments by Chinese companies in the US and elsewhere, or China’s purchases and holdings of financial products including US Treasuries, would be affected, the people said. It’s unclear what prompted the NDRC to halt the processing of applications or how long this suspension might last.

The NDRC and the Ministry of Commerce, both in charge of initial approvals for companies’ foreign investment, didn’t immediately reply to a request for comment.

...

https://www.bloomberg.com/news/articles/2025-04-02/china-restricts-companies-from-investing-in-us-as-tensions-rise?leadSource=reddit_wall