It's a good shock to the bloated system. I'm ok with a lot of it.
all that cons utional about passing laws was too much of a bother, so now El0n/Trump get to rule by decree/ posting
After Pennsylvania nothing matters but this...
"But I'm President...and their not."
https://www.abc.net.au/news/2025-03-...risk/105052220US 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.
...
Meat is about to get a lot cheaper in USA.
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
https://www.businesstimes.com.sg/int...ulture-exportsTrump 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 uncompe ive 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.
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.
https://www.nakedcapitalism.com/2025...-negative.htmlThese 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, 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 Cons ution stipulates.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 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.
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.
...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 anic appe e for illicit drugs is here.
sealing the border doesn't do about that, and it just makes us poorer in the meantime
When you stop the free flow of labor and capital, the economy suffers
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
...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.
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.
" !" They're saying.
You're just PFA here, really pitiful narrative tbh
What's PFA?
https://paulkrugman.substack.com/p/t...onomic-yes-menTrump'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 do ent 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 do ent 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 ac ulating 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.
...
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 in' 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.
Tariff loser: Texas
MAGAs are making Texas poorer and life for everyone more expensive
https://www.msn.com/en-us/money/mark...fs/ar-AA1Bu41YTexas 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, 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."
Fake news so you can keep trying to turn Texas.
Nope.
"pulled from (air)"
reality is that which when you wish it gone, remains
Ah Koch brothers...getting back to your roots?
You're getting back to Smoot-Hawley and mercantilism.
+ all 7 swing states.
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