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when rich people worry about their money, you better toowhatabout wallstreet
...yep. The Millimeter Miracle, Winester.
tee, hee.
when rich people worry about their money, you better toowhatabout wallstreet
Do you have any stock investments?whatabout wallstreet
Nope. I do F.D.I.C..
That-a-way I don't have to worry, ever. It's my religion.
https://www.msn.com/en-us/news/world...en/ar-AA1zlfJDFord 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.
...
- "Prove it."
- "Shane" - "Shane"
neo-mercantilist continuity from Trump to Biden to Trump
https://archive.is/LPKVw#selection-5945.0-5981.197The U.S. trade war with China 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 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 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.
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.”
"looks like" tariffs have killed US ag exports
https://www.nakedcapitalism.com/2025...oyees-say.htmlFor 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.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?
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.
it doesn't sound like Trump is offering farmers a bailout this time
choosing to troll farmers on Truth Social is an interesting choice
Ag sector needs cleansing for the last 10 years. Will it happen? Doubt it.it doesn't sound like Trump is offering farmers a bailout this time
choosing to troll farmers on Truth Social is an interesting choice
"cleansing"
OK Travis.
Amazing time to do that in the winter. Be getting some great corn out of Iowa right now.it doesn't sound like Trump is offering farmers a bailout this time
choosing to troll farmers on Truth Social is an interesting choice
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...it doesn't sound like Trump is offering farmers a bailout this time
choosing to troll farmers on Truth Social is an interesting choice
No electricity for you!!!!
Interesting, 80% of fertilizers used by murican farmers are from Canadait doesn't sound like Trump is offering farmers a bailout this time
choosing to troll farmers on Truth Social is an interesting choice
Russia can help with this, presumably
You could be right
But it could be that Trump's own sticks to him this time
It didn't the previous million times....
Well yeah, Trump is a russian asset after all
...& vice versa. Like WWII..
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