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HAD DINNER WITH SOME BRIBERY BROS LAST NIGHT, DOING SOME MARKET MANIPULATION THIS MORNING
https://www.cnbc.com/2025/05/23/chin...advancing.htmlU.S., China hold first call since Geneva meeting, signaling progress in trade talks
The U.S. and China agreed to keep lines of communication open, following a call between senior officials Thursday, signaling continued high-level engagement as both sides work toward a broader deal.
Chinese Vice Foreign Minister Ma Zhaoxu and U.S. Deputy Secretary of State Christopher Landau exchanged views on a wide range of key issues during the call, both sides said in closely aligned statements released Friday, without specifying whether tariffs were among the topics discussed.
While the call may not indicate a breakthrough in the ongoing trade talks, it is a “positive sign” that Beijing now knows who to talk to on the U.S. side, said Dan Wang, China director at political risk consultancy Eurasia Group, who added that “the communication channel established in the Geneva talks is working.”
Following the high-level talks in Geneva, Switzerland, earlier this month, both sides issued a rare joint statement to temporarily lower most tariffs on each other’s goods, while working toward a broader agreement.
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"Progress"
HAD DINNER WITH SOME BRIBERY BROS LAST NIGHT, DOING SOME MARKET MANIPULATION THIS MORNING
"recommending"?
at some point Trump might ask Congress to regularize his policy diktats
Trumplandia is crapifying BLS so we can't measure the ways Trump is ing up the supply chain with arbitrary tariffs
No data, no problem!
https://www.bls.gov/ppi/notices/2025...ected-ppis.htmBLS to Discontinue Selected PPIs
With the release of Producer Price Index (PPI) data for July 2025 on August 14, 2025, BLS will end calculation and publication of approximately 350 indexes. The elimination of these indexes includes data from PPI industry, commodity, Final Demand-Intermediate Demand (FD-ID), and special index classifications.
the China tariff climbdown doesn't seem to have revived shipping yet
All your cellphones will cost more now...maybe
It would be also Samsung and anybody that makes that product, otherwise it wouldn't be fair. So anybody that makes that product. And that'll start on I guess the end of June ... when they build the plant here there's no tariff.
"I guess"
ing morons
June 1st! Or end of June maybe! 50%! Maybe 25% sounds good!
Thank you for your attention to this matter!!!
https://www.cnbc.com/2025/05/23/trum...ng-june-1.htmlTrump calls for 50% tariff on EU, says he’s ‘not looking for a deal’ with bloc
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Trump has long accused Europe of taking unfair advantage of the U.S. through trade. He announced a blanket 20% tariff on the EU on April 2 as part of his “reciprocal” tariff plan, though he quickly revised that duty down to 10% for 90 days.
Europe is also dealing with Trump’s sector-specific tariffs, including a 25% levy on all steel and aluminum imports.
“To go to 10% was going to be the highest tariff rate that we had on the world in 90 years. To go to 50% is a completely different order of magnitude,” Chicago Fed President Austan Goolsbee said Friday morning on CNBC’s “Squawk Box.”
“If they’re putting in place tariffs that have a stagflationary impact, which is to say they slowed down output by raising the cost of production while also raising prices, then that’s the Central Bank’s worst situation,” Goolsbee said
it is Trump's privilege to back down again
Why does he keep signing off with "thank you for your attention to this matter!"it is Trump's privilege to back down again
So you do want tariffs then? You're weird... when are you packing your bags and leaving already, leftist?it is Trump's privilege to back down again
https://www.reuters.com/markets/comm...ll-2025-05-22/Canada's crude oil shift to China schools Trump in unintended consequences
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What is becoming clear is that commodity markets are adjusting not only to actual measures imposed by the Trump administration, but also to the possibility of future actions, which has created a desire to limit exposure to the United States.
An example of this is seaborne exports of crude oil from Canada, which have shifted away from the United States and towards China, even though Trump backed away from his initial plan to impose a 10% tariff on energy imports from Canada.
For the first time ever Canada exported more seaborne crude to China in April than it did to the United States, showing how market dynamics can move amid the uncertainty created by Trump's trade war.
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This reflects another dynamic that Trump probably didn't expect, as his sanctions on Venezuelan oil, which like Canadian crude is heavy, reduced the amount of this grade available to U.S. refiners.
This means that Canadian crude is more in demand in the United States, and U.S. refiners are having to pay more.
The rising price for Canadian crude brings into question the view that Canada was far more dependent on the United States than vice versa.
It now seems that the United States is actually quite dependent on Canadian crude, especially if Trump has limited the suitable alternatives with sanctions.
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China has also effectively halted importing crude from the United States amid the escalation in tariffs imposed by Washington and Beijing since Trump's return.
While those tariffs have been lowered for a 90-day period to allow for talks, China is still imposing a 10% levy on U.S. oil imports, which is high enough to render U.S. oil uncompe ive in China.
No U.S. crude is scheduled to arrive in China in May and June, according to Kpler, while as recently as June last year China imported 417,000 bpd from the United States.
It's not that China is replacing U.S. crude with Canadian, as they are different grades. It's that China is being dynamic in its oil trade, and is finding willing partners such as Canada.
...
https://www.cnbc.com/2025/05/26/busi...sale-rule.htmlBusinesses are finding a workaround for tariffs — and it’s entirely legal
Businesses are finding a workaround to minimize the most significant hit from tariffs, using a decades-old piece of legislation known as the “first sale rule.”
Within U.S. customs law, the first sale rule allows U.S. importers to use the price of the first sale in a number of transactions to calculate customs duties.
For instance, a Chinese manufacturer sells a t-shirt to a Hong Kong vendor for $5. That Hong Kong vendor then sells the t-shirt to a U.S. retailer for $10. That U.S. retailer then sells the t-shirt to consumers for $40.
Under the first sale rule, the U.S. retailer can pay the import duty on the initial $5 price of the good, rather than the vendor’s inflated $10, thus stripping out the cost associated with the middleman’s profit.
“What the rules allow you to do is use that initial sales price from the factory to the vendor to determine the final duty price,” Brian Gleicher, senior lawyer and member at Miller & Chevalier Chartered, told CNBC over the phone.
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TACO – “Trump Always Chickens Out.”
https://www.mediaite.com/media/news/...s-against-him/Wall Street traders have developed a biting new acronym for a strategy that’s become surprisingly lucrative for President Donald Trump’s whiplash-inducing trade policy: TACO – “Trump Always Chickens Out.”
Reportedly first coined by Financial Times columnist Robert Armstrong, the term has quickly gained traction among investors who are profiting from what they say is a predictable pattern: Trump threatens steep tariffs, the markets plunge, and days later he backs off in a way that prompts a rebound.
The latest example came over the weekend. On Friday, Trump sent markets reeling by announcing sweeping 50% tariffs on European imports. But by Sunday, the White House abruptly paused the move, citing a fresh round of trade talks. When the markets reopened on Tuesday, stocks surged.
The TACO trade strategy is reportedly being openly embraced by some investors, according to the New York Post.
“Once he delivers bad news, investors are buying those stocks when they are beaten down waiting for him to chicken out and watching those stocks rebound in value,” said Ted Jenkin, president of Exit Stage Left Advisors, in an interview with the outlet.
Last edited by Winehole23; 05-28-2025 at 08:03 AM.
https://x.com/Acyn/status/1927767446863114302
Liberation Day tariffs struck down as beyond the scope of executive powers by the US Court of International Trade, Trumplandia will of course appeal.
it was clear from the get go Trump's trade emergency was pretextual bull , glad to see the judiciary reining in a lawless POTUS
https://www.reuters.com/world/us/us-...fs-2025-05-28/A U.S. trade court on Wednesday blocked President Donald Trump's tariffs from going into effect in a sweeping ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy
Free school loan relief for all! Decree amendments too!
The left are clowns!
Trump keeps losing in court -- they keep finding his illegal
Even Trump judges, there's one in this case. The NYC traffic congestion judge, Liman, is a Trump judge too.
(this is just the IEEPA tariffs, the Section 232 tariffs are still on)
illegal
https://storage.courtlistener.com/re...17080.55.0.pdfThe President’s assertion of tariff-making authority in the instant case, unbounded as it is by any limitation in duration or scope, exceeds any tariff authority delegated to the President under IEEPA. The Worldwide and Retaliatory tariffs are thus ultra vires and contrary to law.
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