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  1. #2476
    Alleged Michigander ChumpDumper's Avatar
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    I don't think it's going to matter much.

    I thought that was one thing Trump cared about.

    Apparently not.

    snacks folds

    He always does.

  2. #2477
    notthewordsofonewhokneels Thread's Avatar
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    So Lutnick does what Warren tells him to do? That's new.
    Pocahontas...high cheek bones & all.

    Yada hey!!!

  3. #2478
    dangerous floater Winehole23's Avatar
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  4. #2479
    notthewordsofonewhokneels Thread's Avatar
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    ^^^We're gonna see. Everybody thought that Trump would run & hide after Biden beat him and then they went after him with the gavel trying to beat his brains in, then went after him with guns and nary roses trying to blow his brains out. But he's learned a lot of his lessons over the past 6 years and this will be a further test...does he have the patience to stay back on his ski's?

  5. #2480
    Veteran velik_m's Avatar
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    Japan and the U.S. begin tariff talks on good terms, but without breakthroughs

    Tariff negotiations between Japan and the United States began in Washington on Wednesday with goodwill being expressed by both sides but little progress made, other than an agreement to meet again.

    Significantly, exchange rates were not discussed, according to Ryosei Akazawa, Japan's chief tariff negotiator, although defense may have been on the agenda.

    The value of the yen had become a point of contention in recent weeks, with the U.S. indicating that the Japanese currency might be too weak, while U.S. President Donald Trump has said he would like Japan to pay more for hosting American troops.

    ...
    https://www.japantimes.co.jp/busines...n-trade-talks/

  6. #2481
    notthewordsofonewhokneels Thread's Avatar
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    Deadbeats. We are their MIC because they bombed Pearl 85 years ago and they get to spend their MIC money on having nice things. Their kids are forbidden to fight in the battles the last 80 years while our kids go in their stead.

    "good terms">>>ha!

  7. #2482
    dangerous floater Winehole23's Avatar
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    global US tariff-induced economic contraction spells trouble for the US oil patch and Trump's plans for energy dominance

    U.S. Energy Secretary Chris Wright, the former boss at fracking firm Liberty Energy, remains bullish on U.S. oil production—and believes that the industry will not only survive but thrive even with oil at $60 or below.

    Yet, the industry begs to differ—at least that’s what executives wrote anonymously in March in comments to the quarterly Dallas Fed Energy Survey for the first quarter.

    “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),” an executive at an exploration and production firm said.

    “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,” the executive noted.

    Another executive put it even more bluntly, “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.”

    Stability is the furthest from where the oil market has been in the past two weeks. Stability may be OPEC’s buzzword for ‘relatively high oil prices,’ but it is also crucial for the capital investment and drilling decisions in the U.S. shale patch.

    Without any certainty about the cost of drilling wells – including the price of steel – producers face difficulty budgeting and maintaining shareholder payouts at current levels.

    Drilling and ‘all-in’ corporate costs, including overhead, dividend, and servicing debt, amounts to a cash flow WTI breakeven of $62.50 per barrel for new activity in 2025, according to estimates by Rystad Energy.

    Executives at U.S. firms think they need $65 per barrel, on average, to profitably drill a new well this year, per the Dallas Fed Energy Survey.
    WTI Crude prices have already dropped below this level and were below $62 a barrel early on Tuesday.

    Prices could drop further if global oil demand growth slows with weakening economies amid the trade and tariff chaos.

    Even OPEC, the most bullish on oil demand of any forecaster, has just cut its 2025 and 2026 demand growth estimate.

    In the monthly report on Monday, OPEC said it sees global oil demand growth at 1.3 million barrels per day (bpd) in each of 2025 and 2026, down by 150,000 bpd for each of the two years.

    OPEC’s very bullish forecast (and it should be such if the OPEC+ alliance wants to continue justifying easing of the production cuts) is two to three times higher than most other growth estimates by major Wall Street banks.

    After years of supporting oil prices with the production cuts, OPEC will also seek to regain market share at the expense of U.S. shale.

    In this context, the U.S. Administration’s tariffs and the uncertainty they bring for American producers undermine the American energy dominance agenda.
    https://oilprice.com/Energy/Crude-Oi...gy-Agenda.html

  8. #2483
    dangerous floater Winehole23's Avatar
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    Trump is screwing over so many of his solid supporters economically

    owning the libs doesn't really make up for that

    Shale boss Bryan Sheffield, the son of Pioneer Natural Resources founder Scott Sheffield, appears to have called on America’s shale drillers to cut drilling immediately, as Brent crude flirts with prices below $60 and WTI falls to $57/barrel.

    Sheffield, who controls Formentera Partners LP, told Bloomberg he is planning to delay drilling in some cases, shift focus to existing short-term drilling contracts, and return to expanding the company’s uncompleted wells once the market stabilizes, given the chaos and oil price plunge caused in part by Trump’s tariff warfare.

    Sheffield reportedly told Bloomberg that the situation right now is a “blood bath”.

    “The industry needs to cut immediately and hunker down to let the tariff war play out,” Sheffield was quoted as saying.

    Earlier this week, during a Permian basin golf tournament, American shale drillers let their frustrations with the Trump administration be known, according to a Bloomberg report. The industry is frustrated over its high level of support for the new administration, which has since caused a severe oil price plunge despite promises of a future where shale drillers could “drill baby, drill”.

    Shale drillers contributed significantly to Trump’s election campaign and were responsible essentially for “making America great again” by catapulting the country to the status of top crude producer in the world. The betrayal is now being felt as prices continue to tank.
    https://oilprice.com/Latest-Energy-N...ight-Away.html

  9. #2484
    dangerous floater Winehole23's Avatar
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    Trump is lying about the gross take, because he's a big fat liar

    U.S. Customs and Border Protection appears to be contradicting President Donald Trump’s comments on the daily revenue generated by his latest slate of tariffs.


    The agency said in a statement to CNBC on Monday, “Since April 5, CBP has collected over $500 million under the new reciprocal tariffs, contributing to more than $21 billion in total tariff revenue from 15 presidential trade actions implemented since Jan 20, 2025.”
    https://www.cnbc.com/2025/04/16/us-c...e-april-5.html

  10. #2485
    Savvy Veteran spurraider21's Avatar
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    by the way TSA im not ducking anything. im just not interested in individual stories. for every story about "company moving to US" i can find a story saying "US company laying off workers because of tariffs" or whatever. im not interesting in just posting competing anecdotes. the data will bear things out.

    lets see what the job numbers look like in 2Q, 3Q, 4Q of this year. lets see what happens with real wages. GDP. deficit figures. unemployment.

  11. #2486
    Veteran velik_m's Avatar
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    Nvidia CEO stresses importance of China market in Beijing visit, Chinese state media reports

    BEIJING (Reuters) - Nvidia CEO Jensen Huang said on Thursday that China was a very important market for Nvidia after the U.S. imposed a ban on sales of its H20 artificial intelligence chips to the country.

    "We hope to continue to cooperate with China," Huang said in a meeting with Ren Hongbin, head of the China Council for the Promotion of International Trade, according to Chinese state broadcaster CCTV.

    China welcomes more U.S. companies including Nvidia to further explore the Chinese market, vice premier He Lifeng told Huang as the two met at the Great Hall of the People in Beijing on Thursday, state news agency Xinhua reported.

    China, with vast potential for investment and consumption, has always been "fertile ground" for investment and trade by foreign enterprises, He was quoted as saying by Xinhua.

    Huang arrived in Beijing earlier in the day at the invitation of the trade organisation.

    ...
    https://finance.yahoo.com/news/nvidi...073924556.html

  12. #2487
    notthewordsofonewhokneels Thread's Avatar
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    We'll see, Little v. Give these tariffs a lengthy try, thru the end of the year and then we'll know if the old man did right, or, if he was dead wrong.

    We have to know for sure. Speculating and cutting our noses off to spite our faces is wrong and wrong-headed.

    I want to see it succeed OR failPERIOD

  13. #2488
    Veteran velik_m's Avatar
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    Moscow seems pleased. One paper today: “Soviet leaders’ dream of driving a wedge between the European part of Nato & the US has come true.” Another: “Trump is destroying the world created by US liberals…the changes in the global system serve [Russia’s] interests.”

  14. #2489
    notthewordsofonewhokneels Thread's Avatar
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    ^^^Me & Russia both are pleased, Little v.

  15. #2490
    Veteran velik_m's Avatar
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    Trump administration announces fees on Chinese ships docking at U.S. ports

    The Trump administration on Thursday announced fees on Chinese-built vessels after a United States Trade Representative investigation by the Biden-Trump administrations found China’s acts, policies and practices were unreasonable and burden or restrict U.S. commerce.

    “Ships and shipping are vital to American economic security and the free flow of commerce,” said U.S. Trade Representative Jamieson Greer. “The Trump administration’s actions will begin to reverse Chinese dominance, address threats to the U.S. supply chain, and send a demand signal for U.S.-built ships.”

    The USTR said China largely achieved its dominance through its increasingly aggressive and specific targeting of these sectors, severely disadvantaging U.S. companies, workers and the U.S. economy.

    The fees will be charged once per voyage and not per port, as originally proposed.
    ...
    https://www.cnbc.com/2025/04/17/trum...-us-ports.html

    The U.S. is not prepared to win an economic war against China-built containerships, farmers, ocean carriers warn

    Business interests, from U.S. farmers to global ocean carriers, are warning of severe economic damage from proposals being considered by the U.S. government to hit containerships made in China with steep fines when they call on U.S. ports. The goal of bringing more shipbuilding back to the U.S. is at odds with reality in the global ocean trade market, they say, where virtually all container traffic will soon be carried on ships built in China.

    An estimated 98% of the global fleet would be subjected to fees when calling on U.S. ports because the fee applies to both existing Chinese-built vessels or future vessels in the order book of carriers, and any carrier with at least one order on the books for a vessel made in China, according to the World Shipping Council, which represents the international ocean liner shipping industry. Currently, 90% of the world’s vessels are subjected to the fee. According to Sea-Intelligence, the total number of port calls made by deep-sea container liner vessels in the United States in 2024 was 12,410.

    ...
    https://www.cnbc.com/2025/03/24/us-n...inerships.html

  16. #2491
    dangerous floater Winehole23's Avatar
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    Trump's trade war to hit trucking hard

    For those unfamiliar with the trucking industry: 80 blank sailings means, give or take, about 1,000,000 cargo containers that had been scheduled and booked for delivery which just disappeared.

  17. #2492
    dangerous floater Winehole23's Avatar
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    Trump tariffs hitting US exports hard

    Port of LA stats:


  18. #2493
    notthewordsofonewhokneels Thread's Avatar
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  19. #2494
    notthewordsofonewhokneels Thread's Avatar
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    Trump tariffs hitting US exports hard

    Port of LA stats:
    Let us proceed...

  20. #2495
    Veteran velik_m's Avatar
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    China stops buying liquefied gas from US

    China’s imports of US liquefied natural gas have completely stopped for more than 10 weeks, according to shipping data showing how the Sino-American trade war has spread to energy co-operation.

    Since a 69,000-tonne LNG tanker from Corpus Christi in Texas arrived in the southern province of Fujian on February 6 there have been no further shipments between the two countries.

    A second tanker was redirected to Bangladesh after it failed to arrive before China imposed a 15 per cent tariff on US LNG on February 10. The tariff has since increased to 49 per cent, making US gas uneconomic for Chinese buyers for the foreseeable future.

    The freeze on US LNG is a repeat of a block on imports that lasted for more than a year during President Donald Trump’s first term.

    But the impact of the stand-off has potentially far-reaching implications, strengthening China’s energy relationship with Russia and raising questions over the huge expansion of multibillion-dollar LNG terminals that is under way in the US and Mexico.

    “There will be long-term consequences,” said Anne-Sophie Corbeau, a gas specialist at Columbia University’s Center on Global Energy Policy. “I do not think Chinese LNG importers will ever contract any new US LNG.”
    ...
    https://www.ft.com/content/a6ad1627-...8-65c595c1d3e5

  21. #2496
    Veteran velik_m's Avatar
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    Mack Trucks announces layoffs at Lehigh Valley plant, blames tariffs

    Mack Trucks will lay off between 250 and 350 workers at its Lehigh Valley Operations center outside Allentown over the next three months, due to economic uncertainty caused by U.S. tariffs, a company spokesperson said Thursday.

    “Heavy-duty truck orders continue to be negatively affected by market uncertainty about freight rates and demand, possible regulatory changes, and the impact of tariffs,” spokesperson Kimberly Pupillo said.

    “Today we informed our employees that this unfortunately means we’ll have to lay off 250-350 people at LVO over the next 90 days,” Pupillo said. “We regret having to take this action, but we need to align production with reduced demand for our vehicles.”

    Union leaders announced the company had confirmed layoffs Thursday afternoon. The plant in Macungie employs around 1,200 workers.

    “Due to the market being in decline, there will be a rate and line reduction. I have heard all the same rumors you guys have heard. This is the first time I have an official word from the company that there will be a layoff,” United Auto Workers Local 677 shop chair Tim Hertzog said in a letter posted on the union’s Facebook page Thursday.

    State Rep. Josh Siegel (D-Lehigh) said the layoffs are “a clear signal of the dangerous economic instability being fueled by the Trump administration’s chaotic tariff policies.”

    ...
    https://penncapital-star.com/briefs/...lames-tariffs/

  22. #2497
    Veteran velik_m's Avatar
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    America's struggling wine industry is getting crushed by global tariffs and Canada's retaliation to them

    ...
    His industry has been “caught in the crossfire” of a trade war, and even if the tariffs were reversed tomorrow, he said, “I think the psychological damage with the consumer might be really hard to come back from, even if these disputes are ironed out.”

    He added that some exporting winemakers “may be able to absorb this tariff.” But losing $1 billion a year to “unsold wine that was already in Canada, it really disrupts the domestic wine market here from top to bottom.”

    The White House did not respond to a request for comment on the tariffs’ effects on the wine industry. The Liquor Control Board of Ontario, which controls the sale and distribution of alcohol in Canada’s second-largest province, also did not respond.

    Before Trump issued tariffs on other countries, America’s wine business had already been facing headwinds. “We are struggling,” said Christi Coors Ficeli, CEO of Goosecross Cellars in the Napa Valley of California.
    ...
    https://www.nbcnews.com/news/us-news...ott-rcna201296

  23. #2498
    Veteran velik_m's Avatar
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    China Turns to Canada for Oil as U.S. Trade Tensions Boil Over

    Amid deteriorating relations with Washington and steep new U.S. tariffs, Chinese oil refiners are cutting their purchases of American oil by nearly 90%, opting instead to buy record volumes from Canada. The sudden pivot is not just a story of supply and demand—it’s a window into how geopolitics is reshaping the energy landscape.

    ...

    While U.S. exports shrink, Canadian oil is surging into the Chinese market. In March 2025, China imported a record 7.3 million barrels of Canadian crude—most of it shipped from the expanded Trans Mountain Pipeline (TMX) terminus near Vancouver.

    That figure is expected to grow even higher this month, as Chinese refiners increasingly look to Canada to fill the gap left by U.S. barrels. The TMX pipeline, which only came online last year, is proving to be a game-changer for Canada’s role in Asia’s energy supply chain.

    The 1,150-kilometer expansion now carries oil from Alberta’s vast oil sands straight to the Pacific coast, opening a new export lifeline to Asia that bypasses the U.S. entirely.
    ...
    https://atlasnews.news/p/china-turns...ions-boil-over

  24. #2499

  25. #2500
    dangerous floater Winehole23's Avatar
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    sounds bad


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