Steel and aluminum tariffs...

[Blake]

Lol Lutnik

[Thread]

Lol Lutnik

If we keep our nose to the grindstone (tightly) there is nothing we can't do.

Let us proceed...

[velik_m]

Weekly jobless claims surge to 241,000, more than expected, in latest sign of economic trouble

Initial unemployment claims posted an unexpected increase last week in a potential trouble sign for the wobbling U.S. economy.

First-time filings for unemployment insurance totaled a seasonally adjusted 241,000 for the week ended April 26, up 18,000 from the prior period and higher than the Dow Jones estimate for 225,000, the Labor Department reported Thursday. This was the highest total since Feb. 22.

Continuing claims, which run a week behind and provide a broader view of layoff trends, rose to 1.92 million, up 83,000 to the highest level since Nov. 13, 2021.
...

https://www.cnbc.com/2025/05/01/week...to-241000.html

[Thread]

https://www.cnbc.com/2025/05/01/week...to-241000.html

We're way overdo for a recession Little v.

[TSA]

"...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

U.S. and Ukraine sign long-awaited minerals deal to rebuild Kyiv and repay aid
https://www.nbcnews.com/politics/pol...try-rcna203963

Blake Cramer

[Thread]

U.S. and Ukraine sign long-awaited minerals deal to rebuild Kyiv and repay aid
https://www.nbcnews.com/politics/pol...try-rcna203963

Blake Cramer

We should rebuild N. Carolina first.

[TSA]

Why would anybody plan to move a manufacturing plant which will take years to become operation when tariffs policies are improvised on a day to day basis

'Going to build NVIDIA's next gen technology here in US': CEO Jenseng Huang

NVIDIA CEO Jensen Huang on April 30 praised President Trump’s leadership, crediting his policies and support for accelerating U.S. manufacturing. Huang announces that the next generation of NVIDIA technology will be built entirely in the United States, thanks to Trump’s encouragement and pro-growth agenda. "We're going to build NVIDIA's technology, the next generation of that, all here in the United States. Without the President's leadership, his policies, his support, and very importantly his strong encouragement -- manufacturing in the United States wouldn't have accelerated to this pace," Jenseng Huang said.

https://economictimes.indiatimes.com...9.cms?from=mdr

cool story, bro

[ChumpDumper]

Biden's CHIPS Act really worked, didn't it?

[ChumpDumper]

Are we going to start making consoles here? Is this what the tariffs are for?

https://x.com/PopBase/status/1917944999175455045

[TSA]

[ChumpDumper]

Nice and vague .

[velik_m]

'We don't care': A defiant China looks beyond Trump's America

...
Mr Hu, too, is on the frontline. He sits among rows of snazzy toy jets, squeaking dogs, fluffy stuffed animals, barbies and motorcycle-riding spidermen – a sliver of the $34bn (£25bn) worth of toys China exported in 2024.

About $10bn of it went to the US. But now, these Chinese exports to America face up to 245% tariffs. And US President Donald Trump has made it clear that he blames Beijing in particular for cornering too much of the global market.

But things have changed here since Trump's first trade war against China, which kicked off in 2018. It taught Yiwu a lesson, summed up by Mr Hu: "Other countries have money too!"

That defiance has become a familiar theme in the world's second-biggest economy, which is bracing itself for another turbulent Trump presidency.

Beijing, which has been repeatedly telling the world that the US was bullying countries into trade negotiations, has not backed down yet from the trade war.

The propaganda online has ratcheted up, applauding Chinese innovation and diplomacy in contrast to the uncertainty unleashed by Trump. On the country's highly controlled social media, there are plenty of posts echoing the leadership's promise that China will keep fighting.

And in factories and markets, businessmen and exporters now say they have other alternatives, beyond Trump's America. Mr Hu, for instance, says around 20%-30% of his business came from US buyers. But not anymore.
...

https://www.bbc.com/news/articles/cwy7jdn09lxo

[ChumpDumper]

The amazing capacity of Trump s to think the Chinese government is as soft as that of the US....

[Blake]

U.S. and Ukraine sign long-awaited minerals deal to rebuild Kyiv and repay aid
https://www.nbcnews.com/politics/pol...try-rcna203963

Blake Cramer

Lol Ukraine good now

[Thread]

Lol Ukraine good now

No. Ukraine still light 25% & counting.

[Thread]

The amazing capacity of Trump s to think the Chinese government is as soft as that of the US....

That's what we're finding out right now, Dumper.

[TSA]

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

China Quietly Exempts About a Quarter of US Imports from Tariffs
https://www.bloomberg.com/news/artic...-of-us-imports

[ChumpDumper]

What is the purpose of the tariffs?

[TSA]

[TSA]

[ChumpDumper]

Is this what the tariffs are for?

[TSA]

China Quietly Exempts About a Quarter of US Imports from Tariffs
https://www.bloomberg.com/news/artic...-of-us-imports

Beijing Weighs Fentanyl Offer to U.S. to Start Trade Talks
"Chinese leader Xi Jinping’s security czar, Wang Xiaohong, in recent days has been inquiring about what the Trump team wants China to do when it comes to fentanyl."
https://www.wsj.com/world/china/beij...talks-287cf233

WeLL AcKcHyUaLLY, cHiNa IsNt NeGoTiAtInG

[Thread]

Excellent!

[Blake]

MIGA?

[Blake]

Beijing Weighs Fentanyl Offer to U.S. to Start Trade Talks
"Chinese leader Xi Jinping’s security czar, Wang Xiaohong, in recent days has been inquiring about what the Trump team wants China to do when it comes to fentanyl."
https://www.wsj.com/world/china/beij...talks-287cf233

WeLL AcKcHyUaLLY, cHiNa IsNt NeGoTiAtInG

"Beijing is “evaluating” an offer from the US to engage in trade negotiations, the Chinese government has said, a week after Donald Trump claimed talks were already under way.

China’s commerce ministry said on Friday: “The US has recently taken the initiative on many occasions to convey information to China through relevant parties, saying it hopes to talk with China.”

https://www.theguardian.com/us-news/...e-negotiations

It's Trump with the begging. You're an idiot if you think it's the other way around.