with the tariff letter, Trump just recognized Myanmar's dictatorship
which thanked him for it
https://www.theguardian.com/world/20...s-donald-trumpMyanmar’s military leader has praised Donald Trump and asked him to lift sanctions, as the junta sought to capitalise on a tariff letter from the US president believed to be Washington’s first public recognition of its rule.
Min Aung Hlaing, who has been in power since a 2021 coup, expressed his “sincere appreciation” for Trump’s letter, which threatened a tariff of 40% on its goods, and commended the US president for his “strong leadership” and for guiding the US “toward national prosperity with the spirit of a true patriot”.
US diplomats do not officially engage with Min Aung Hlaing or the ruling junta, which seized power from the elected government of Aung San Suu Kyi. It was among a tranche of almost identical letters sent by Trump to world leaders on Monday.
“This is the first public formal recognition that I’ve seen,” said Richard Horsey, a senior Myanmar adviser for the International Crisis Group, describing it as “a gift to the regime”.
What's the surplus projected to be the next ten years?
Or is another one of those things you will never talk about?
Guess who will end up paying for that surplus
Trump laid the largest business tax ever in the USA by decree
Sanke Boy is crowing about new tax revenues being collected from US importers
how is the US trade deficit with the EU a national security emergency?
how is the gigantic US appe e for narcotics Mexico's fault?
https://apnews.com/article/trump-tar...f1108e42283afdPresident Donald Trump on Saturday announced he’s levying tariffs of 30% against the European Union and Mexico.
Trump announced the tariffs on two of the United States’ biggest trade partners in letters posted to his social media account.
In his letter to Mexico’s leader, Trump acknowledged that the country has been helpful in stemming the flow of undo ented migrants and fentanyl into the United States.
But he said the country has not done enough to stop North America from turning into a “Narco-Trafficking Playground.”
Trump in his letter to the European Union said that the U.S. trade deficit was a national security threat.
Trump's extorting every country in the world at the same time must have some intended benefits that overcome the obvious drawbacks -- what are they?
https://www.cnbc.com/2025/07/12/trum...ico-trade.htmlTrump announces 30% tariffs on EU and Mexico, starting Aug. 1
President Donald Trump said Saturday the U.S. will impose a 30% tariff on goods from the European Union and Mexico that will take effect on Aug. 1.
Trump revealed the new rates in letters to European Commission President Ursula von der Leyen and Mexico’s President Claudia Sheinbaum, which he posted on his social media site Truth Social.
“Mexico has been helping me secure the border, BUT, what Mexico has done, is not enough,” Trump wrote to Sheinbaum.
Trump said that there will not be tariffs on goods from the EU if the 27-member bloc, “or companies within the EU, decide to build or manufacture product[s] within the United States,” he wrote.
He said that if the EU or Mexico retaliates with higher tariffs, “then, whatever the number you choose to raise them by, will be added on to the 30% that we charge.”
...
He needed a whole week to send a couple of nearly identical letters. I guess at his age, that's about all the work and effort you can expect from him.
He's not extorting the countries, because the American taxpayers pay the tariffs.
oh, it affects the targeted countries too
Trump just wrecked Lesotho
this just isn't true
Japan imports ~$15B dollars/year worth of US ag imports
and there aren't significant trade barriers for US automobiles -- they're too big, too uneconomical and too unsafe for the Japanese market
Trump thinks the stuff he saw on TV forty years ago is still true
this graph is related to the price of your cookout
Trump's tariff on Brazil just made it worse
https://unherd.com/2025/07/china-is-...re-earths-war/The coming rare earths war China has the advantage
...
The result was an immediate slump in imports. At the start of May, America’s auto-industry representatives wrote to four Trump administration officials, warning of imminent disruption to the sector. Within days, the President had reversed course, albeit dressing up the agreement in Geneva as a “historic trade win”. When that truce failed, Trump’s officials blamed China for not delivering on the rare earth measures. The economic pressure China was placing on the US and European economies became highly visible. In early June, Ford revealed that it had halted production at several factories the previous month because of a shortage of rare earth magnets. Meanwhile, the European Commissioner for Trade and Economic Security, Maroš Šefčovič, complained the EU car industry faced an “alarming situation”. In boasting about a second agreement desperately struck in London on 11 June, Trump emphasised that this time China would supply rare earths “up front”. Still, supply remained tight, requiring the administration to seek a third agreement within little over a month, with uncertainty throughout over samarium imports, even as the situation eased for car makers.
...
Such is the scale of the present emergency, the Pentagon has agreed this month to become MP Materials’ largest shareholder. This injection of federal capital will fund a second magnet plant. Explaining the deal, MP Materials’ CEO said it is the means required to defeat “Chinese mercantilism”. The question is whether this move will be any more effective than the executive order Trump issued in 2020 to build domestic capacity for the same reason and which did nothing to avert the current crisis.
If the damage China can cause as an exporter is now as clear as crystal, the significance of China’s own need for rare earths is still underrated. Back in 2010, most consumption occurred in Japan and the United States. But Made in China 2025 was in this respect, as in so much else, transformative. Almost all the 10 sectors identified in Xi Jinping’s decade-long strategy to make China a high-tech manufacturing superpower relied on rare earths or rare earth magnets. Realising that objective has made China a net importer of rare earths. This change renders China a compe or for the United States in developing new mining as Washington urgently seeks to escape reliance on China.
At the moment, more than half of China’s imports come from Myanmar, which is relatively rich in the heavier rare earths. This dependency embroils China in Myanmar’s political instability, especially since the Kachin Independence Army — the northern armed rebels seeking autonomy — seized control of the country’s main mines in 2024. Even as China has inflicted rare earth pain on Western countries this year, it has faced its own sharp decline in imports. Consequently, China too wants new rare earth opportunities.
...
Any updates? What happened?
You guys figure out what the tariffs are for yet?
Yeah they realized Trump is just gonna chicken out again
https://www.usatoday.com/story/money...s/85198190007/Inflation accelerated in June. Is the 'tariff shock' finally here?
...
Already, prices are increasing on some categories of consumer goods potentially impacted by tariffs. Apparel prices rose by 0.4% in June. Furniture prices rose by 1%. Prices on video and audio products increased by 1.1%. Toy prices rose by 1.8%.
Sooner or later, most economists expect the import taxes to lift the inflation rate, as retailers pass their costs on to American consumers. The June inflation report may be an early sign of that effect.
"This marks the first inflation report where tariffs are beginning to show up materially in key categories — from appliances and furnishings to apparel and groceries," said Daniel Hornung, senior fellow at MIT and former deputy director of the National Economic Council, in a written comment. "But it is unlikely to be the last: Tariffs will likely increase prices more dramatically in the months ahead, as businesses work through their inventories from pre-tariff imports."
The Federal Reserve aims for an annual inflation rate of 2%, a figure sufficiently low that consumers don’t really notice it. The central bankers don’t expect to reach that goal any time soon, and tariffs are the main reason.
“Were it not for the tariff shock, US inflation would likely have hit the Fed’s 2% target this year,” said Seema Shah, chief global strategist at Principal Asset Management, in a written comment.
...
https://finance.yahoo.com/news/china...040846901.htmlChina Emerges From Trade Chaos With Record Exports, Surplus
(Bloomberg) -- China ended the first half of the year with a record trade surplus of about $586 billion after exports to the US began to stabilize, with factories riding out the tariff rollercoaster that upended global commerce.
Exports rose 5.8% in June from a year earlier to $325 billion, exceeding the median estimate in a Bloomberg survey of analysts. Imports rose 1.1% to grow for the first time since February, according to data from the General Administration of Customs on Monday.
Shipments to the US fell 16.1% from a year earlier after slumping by over 34% in May. Chinese firms were able to increase their sales in other markets to compensate for the drop to the US, with exports to the 10 Southeast Asian nations in the Asean group soaring 17% from a year earlier.
“China’s trade resisted pressure and progressed in the first half of the year,” Wang Lingjun, deputy head of the customs agency, said at a press briefing. “But we need to note that unilateralism and protectionism are on the rise globally, and the external environment is becoming more complex, grim and uncertain.”
...
Wtf incoherent babbling again?
BUT AT LEAST HE'S NOT ZOMBIE BIDEN AMIRITE
No, I don't think tariff shock has completely arrived yet.
Donald Trump reaps $50bn tariff haul as world ‘chickens out’
https://www.ft.com/content/82e32f7c-...3-a58377e18aa9
US and EU firms strike major gas deal as trade talks hit crunch time
One of Europe’s largest energy companies has signed a multi-decade agreement to buy American natural gas, as U.S. President Donald Trump calls on the continent to boost imports to avoid hard-hitting tariffs.
In a statement shared with POLITICO, Italian firm ENI and Virginia-headquartered exporter Venture Global confirmed they had penned a 20-year deal to ship 2 million metric tons of liquefied natural gas (LNG) per year. The announcement marks the first long-term contract signed between ENI and a U.S. gas producer.
“This deal marks a significant milestone for the company and is further recognition of our growing global energy leadership and strong record of execution,” said Mike Sabel, CEO of Venture Global.
https://www.politico.eu/article/us-a...t-crunch-time/
Another $50 billion tax hike on Americans!
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