Reply With Quote
Japan will seek full removal of additional tariffs imposed by U.S. President Donald Trump, its top negotiator Ryosei Akazawa said on Tuesday, ahead of his scheduled three-day visit to Washington.
This article suggests Trump's new import taxes would be unable to fund more than a few weeks of government, even if they successfully drive down the US trade deficit
https://cepr.org/voxeu/columns/tarif...-laffer-curvesThe Trump administration wants higher import tariffs to cut the US trade deficit and to raise revenues for the federal government. As you might surmise, there is a tension between these two objectives: the more successful tariffs are at cutting total imports the fewer foreign goods there are to tax.
Japan will seek full removal of additional tariffs imposed by U.S. President Donald Trump, its top negotiator Ryosei Akazawa said on Tuesday, ahead of his scheduled three-day visit to Washington.
robbing Peter to pay Paul
https://www.washingtonpost.com/busin...fs-us-economy/“We’ve got a huge problem ahead of us going into next year,” said [the president ]of the National Fireworks Association.“This season is when Chinese manufacturers would be manufacturing our products right now for 2026, for the 250th. Very little production is happening. They have halted it.”
Foxconn pledged $10 billion.
Pledging is easy.
We just have to wait to see the actual effects.
https://edition.cnn.com/2025/04/28/c...hnk/index.htmlChina rejects Trump’s claim that Xi has called him by phone
Chinese leader Xi Jinping has not spoken to US President Donald Trump on the phone recently, Beijing said Monday, reiterating that no talks are taking place between the two countries to resolve their tariff war.
The statement from a Chinese Ministry of Foreign Affairs spokesperson is an outright rejection of Trump’s claim in an interview with Time magazine last week that Xi had called him, as the world’s two largest economies remain locked in a dispute over sky-high trade levies.
“As far as I know, there has been no recent phone call between the two heads of state,” Guo Jiakun told a regular news conference. “I want to reiterate that China and the United States are not engaged in consultations or negotiations on the tariff issue.”
China has maintained its tough public stance on the trade war even as Trump softened his tone last week, saying that astronomical US tariffs on Chinese goods will “come down substantially” and promising to be “very nice” at the negotiating table as he attempts to get Xi to initiate talks.
...
https://www.cnbc.com/2025/04/28/trad...rters-say.htmlAgriculture isn’t nearing trade war tariffs crisis, ‘it is full blown crisis already’ farmers say
...
A wood pulp and paperboard exporter reported to the trade group the immediate cancellation or hold of 6,400 metric tons in a warehouse and a hold of 15 railcars sitting in what is known in the supply chain as “demurrage,” when fees are charged for delayed movement of goods. Meanwhile, the exporter said there are 9,000 metric tons on the water to China expected to arrive on May 13 and facing the threat of costly diversion to Chinese bonded warehouses or to other countries as Chinese buyers may refuse the cargo and abandon it at port.
One grass seed exporter told AgTC it received two weeks notice that eight loads were being canceled by Chinese customers despite vessels bookings already being in place.
At a recent stakeholder meeting at the Port of Oakland headquarters regarding tariff impacts, Port of Oakland Executive Director Kristi McKenney warned that a tariff-induced downturn in the port’s cargo volume — whether from import slowdowns or retaliatory export losses — ultimately could jeopardize job stability and the region’s economic health.
...
“What we’ve seen in the last two weeks is a continued correction in booking demand for U.S. imports, especially U.S. imports from China,” said Ben Tracy, vice president of strategic business development at Vizion. “We are now seeing this translate to a drop in departures as well,” he added.
A hay exporter in Central Washington that sends a large amount of its crop output to Hong Kong and mainland China was told to reroute most of the exports shipped in the past two weeks to Japan, Dubai, Taiwan, and a few Chinese ports. Those changes came a cost to the company, and it told the AgTC, “it’s not sustainable, no one can replace all the volume that China buys.”
The hay exporter immediately put a stop on all orders in process, and has begun layoffs.
https://www.joongang.co.kr/article/25331291
According to an overnight report in The JoongAng, one of the three biggest newspapers in South Korea, and the newspaper of record for South Korea, it was "confirmed that the United States and China have begun behind-the-scenes contacts in relation to the 'tariff war' waged by US President Donald Trump."
Again, as noted above, after Trump said he had been in contact with China every day, the Chinese side, through a Foreign Ministry spokesperson briefing, said that Trump was effectively lying: "we have never had any consultations or negotiations with the United States, and (the related remarks) are all fake news.” The Chinese Ministry of Commerce also denied this, saying, “Economic and trade negotiations (with the United States) are not underway.”
However, in its overnight report, JoongAng Ilbo confirmed that at around 7 am ET on the 24th, a high-ranking official from the Chinese Ministry of Finance entered the Treasury building located right next to the White House in Washington D.C. accompanied by about 10 attendants.
The 'Treasury Department Meeting' between the US and China on this day began at around 7:00 AM, about an hour before Deputy Prime Minister Choi and Minister of Trade, Industry and Energy Ahn Duck-keun began the '2+2 Trade Consultation' with US Treasury Secretary Scott Besent and US Trade Representative (USTR) Jamison Greer. As a result, the Korea-US tariff negotiations were conducted following the US-China backroom contacts.
A diplomatic source told JoongAng Ilbo, “The fact that the treasury channels of both the U.S. and China are actually operating means that both countries have reached a critical point under domestic and international pressure due to the current retaliatory tariffs,” and predicted that “the results of the backroom negotiations between the two sides could be a major turning point in the tariff war.”
As for why China has been extremely secretive about the process, the source told the South Korean outlet that “since this tariff war is unfolding as a battle of pride with the leaders of both countries directly appearing, it may not be easy to create some kind of ‘win-win structure." He added that "the fact that China visited the U.S. Treasury Department in person could be an extremely sensitive issue for China."
https://www.zerohedge.com/markets/ch...deleted-report
China Quietly Exempts Some U.S.-Made Products From Tariffs
Beijing has been canvassing companies and waiving duties on U.S. goods in sectors where it lacks alternatives
https://www.wsj.com/economy/trade/ch...riffs-b7bc033c
China Has Exempted Some American Imports From Levies
https://www.wsj.com/livecoverage/sto...shpNMBLhxPOvr9
secret negotiations
T S A
Socialism in actionrobbing Peter to pay Paul
"..."While we believe IBM will continue to invest in the emerging area of quantum technology, the bombastic figure is more likely a gesture towards the U.S. administration," said D.A. Davidson analyst Gil Luria, noting that Big Tech was using the investment pledges as a shield against trade conflicts...."
https://www.reuters.com/business/ibm...rs-2025-04-28/
Sounds about right
lol you meltdown hourly
...The Winester as well. Even the bum called me everything but a White man over on an NBA thread last night. Called me a Nazi, and he was serious.
The US oversees a peace pledge for east Congo, hoping to ease its access to critical mineralsrare earths shortages will hit electronics and defense if stockpiles are depleted
https://apnews.com/article/rubio-con...e074da81e9d8cf
US and Ukraine Inch Closer to Signing Minerals Deal
https://www.ft.com/content/fd812d3e-...0-a23b8a6eb8cd
"...US President Donald Trump on Friday said Ukraine has not yet signed a deal on rare earth minerals and he hopes it will be signed immediately.
“Ukraine, headed by Volodymyr Zelenskyy, has not signed the final papers on the very important rare earths deal with the United States. It is at least three weeks late. Hopefully, it will be signed IMMEDIATELY. Work on the overall peace deal between Russia and Ukraine is going smoothly,” he said in a Truth Social post....."
https://www.kitco.com/news/off-the-w...-minerals-deal
Lol Trump
(Heart of Darkness vibe)
Last edited by Winehole23; 04-28-2025 at 05:21 PM.
Won't that lead to a trade deficit with Congo?
Dumper: once a hole...always a hole.
Which is it cuck?
Farmer welfare good a couple months ago?
You have to take it with a grain of salt what your seeing on the news about ag. Take this example. CNN had a South Dakota rancher on that was saying that Trump's tarriff's immediately are below break even though cattle are at record prices and climbing.
https://x.com/krassenstein/status/1912869339985780870
Not only if this fake but CNN doesn't bother to check it.
Hay exporters typically shoot for the middle east countries because that's where they can't grow alfalfa very well, they love horse, and money is no object.
China is the lesser of destinations.
Volume =/= supply. Just because your cattle are super amazing, doesn't mean there's a market for all of them. In fact, tier cattle might do better.
It's called a race to the bottom. Republicans who are so economically woke haven't ever heard of it.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
