Steel and aluminum tariffs...

[SnakeBoy]

Donald Trump reaps $50bn tariff haul as world ‘chickens out’

https://www.ft.com/content/82e32f7c-...3-a58377e18aa9

WACO

[TSA]

WACO

They are having to eat it too lol

"The cost of Mr Trump’s tariffs are also not falling solely on American consumers, supply chain experts say, as international brands look to spread the impact of cost increases around the globe to minimise the impact on the US market.

Simon Geale, executive vice-president at Proxima, a supply chain consultancy owned by Bain & Company, said big brands such as Apple, Adidas and Mercedes would look to mitigate the impact of price increases.

“Global brands can try and swallow some of the tariff cost through smart sourcing and cost savings but the majority will have to be distributed across other markets, because US consumers might swallow a 5 per cent increase, but not 20 or even 40,” Mr Geale said.

Despite US tariffs hitting levels not seen since the 1930s, the timidity of the global response to Mr Trump has forestalled a retaliatory spiral of the kind that decimated global trade between the first and second world wars.

Economists said the US’s dominant position as the world’s largest consumer market, coupled with Mr Trump’s threats to redouble tariffs on states that defy him, meant that for most countries the decision to “chicken out” was not cowardice, but economic common sense."

[Blake]

They are having to eat it too lol

"The cost of Mr Trump’s tariffs are also not falling solely on American consumers, supply chain experts say, as international brands look to spread the impact of cost increases around the globe to minimise the impact on the US market.

Simon Geale, executive vice-president at Proxima, a supply chain consultancy owned by Bain & Company, said big brands such as Apple, Adidas and Mercedes would look to mitigate the impact of price increases.

“Global brands can try and swallow some of the tariff cost through smart sourcing and cost savings but the majority will have to be distributed across other markets, because US consumers might swallow a 5 per cent increase, but not 20 or even 40,” Mr Geale said.

Despite US tariffs hitting levels not seen since the 1930s, the timidity of the global response to Mr Trump has forestalled a retaliatory spiral of the kind that decimated global trade between the first and second world wars.

Economists said the US’s dominant position as the world’s largest consumer market, coupled with Mr Trump’s threats to redouble tariffs on states that defy him, meant that for most countries the decision to “chicken out” was not cowardice, but economic common sense."

"More than 80 leading US footwear companies, including Nike, Adidas, and Skechers, addressed a letter to Trump urging him to protect their goods from tariffs.

"Our industry is uniquely vulnerable," the letter states.

"With some of the highest tariff rates already in place—especially on children's and low-cost shoes—these new tariffs are simply unsustainable. They won't bring manufacturing back, but they will hurt families at the register."....

....The letter calls the situation an "emergency that requires immediate action and attention," warning that US footwear workers and consumers will suffer, citing concerns about imminent footwear job losses, added costs for consumers, and reduced consumer spending...."

https://www.businessinsider.com/foot...tariffs-2025-5


Why are you idiots cheering for higher costs at the register?

[ChumpDumper]

TSA fapping to 5% inflation. "It's not 40%!"

[SnakeBoy]

"More than 80 leading US footwear companies, including Nike, Adidas, and Skechers, addressed a letter to Trump urging him to protect their goods from tariffs.

"Our industry is uniquely vulnerable," the letter states.

"With some of the highest tariff rates already in place—especially on children's and low-cost shoes—these new tariffs are simply unsustainable. They won't bring manufacturing back, but they will hurt families at the register."....

....The letter calls the situation an "emergency that requires immediate action and attention," warning that US footwear workers and consumers will suffer, citing concerns about imminent footwear job losses, added costs for consumers, and reduced consumer spending...."

https://www.businessinsider.com/foot...tariffs-2025-5


Why are you idiots cheering for higher costs at the register?

muh sneakers

[Blake]

muh sneakers

You forgot 'muh tomatoes'.

SnakeBoy never buys anything

[Winehole23]

every time Trump jawbones the market, his corrupt cronies get richer

I wonder if Trump is getting any kickbacks

[velik_m]

U.S. firms scramble to secure rare-earth magnets — imports from China surge 660%

China’s exports of rare-earth magnets to the United States in June surged more than seven times from the prior month, as American firms clamor to get hold of the critical elements following a preliminary Sino-U.S. trade deal.

In April, Beijing placed restrictions on several critical magnets, used in advanced tech such as electric vehicles, wind turbines and MRI machines, requiring firms to receive licenses for export. The move was seen as retaliation against U.S. President Donald Trump’s steep tariffs on China.

Beijing has a stranglehold on the production of rare-earth magnets, with an estimated 90% of the market, as well as a similar hold on the refining of rare-earth elements, which are used to make magnets.

The U.S. received about 353 metric tons of rare-earth permanent magnets in June, up 660% from the previous month, data released by China’s General Administration of Customs showed, though the exports were about half that from June last year.

...

https://www.cnbc.com/2025/07/21/rare...rts-surge.html

[TSA]

You forgot 'muh tomatoes'.

SnakeBoy never buys anything

Blake Cramer

[ChumpDumper]

Blake Cramer

What does that even mean?

Was he not selling tomatoes before?

Were they rotting in boxes or on the vine because he couldn't get buyers?

Please give us an update on ground beef since you're really following everything closely and want to give everyone a complete picture of what's going on.

[Blake]

Blake Cramer

tsa. You get so much wrong almost every time you post you're a laughing stock here. Keep trying

[ChumpDumper]

A tomato farmer gets sales calls for tomatoes.

STUNNING VINDICATION

[ChumpDumper]

Didn't TSA brag about dodging agricultural import duties and/or tariffs in his work?

[TSA]

tsa. You get so much wrong almost every time you post you're a laughing stock here. Keep trying

Peak projection here

[ChumpDumper]

I don't remember Blake's ever declaring he received special secret coded messages from the president but I'm willing to look at some links if they're available.

[Blake]

Peak projection here

Give your opinion. Will tomato prices go up because of tariffs?

And oh yeah bonus question, if Trump is deporting all of the workers, who will be left to pick the tomatoes?

[Blake]

I don't remember Blake's ever declaring he received special secret coded messages from the president but I'm willing to look at some links if they're available.

The one I got said "DRINK YOUR OVALTINE"

[koriwhat]

Peak projection here

That's all these "men" do here is project. Remember Fuzzy calling me an incel, yeah...

Dod01 claiming I use ChatGPT because he's too dense for my very limited vocabulary?: lol

So many examples it's pathetic.

[Winehole23]

quite the hickey for US imports

this is from Bloomberg

[velik_m]

[Winehole23]

Bragging about raising taxes on Americans -- the biggest tax hike in US history

US importers and retailers will pass the cost along to consumers, it's inherently inflationary

To the extent that the added costs will tend to destroy demand for imports that are not readily replaceable, jobs will be lost and businesses will go bankrupt

[Winehole23]

tariff otaku can alter the so-called deal anytime he wants, so there's no telling where we'll actually end up

[Blake]

Bragging about raising taxes on Americans -- the biggest tax hike in US history

US importers and retailers will pass the cost along to consumers, it's inherently inflationary

To the extent that the added costs will tend to destroy demand for imports that are not readily replaceable, jobs will be lost and businesses will go bankrupt

NO NO THE SUPPLIERS WILL EAT THE TARIFFS. TRUMP SAID SO

[velik_m]

GM says Trump tariffs knocked $1.1bn off its operating income last quarter

General Motors announced on Tuesday that Donald Trump’s tariffs knocked $1.1bn off its operating income in its last quarter.

The US automaker’s second-quarter core profit fell 32% to $3bn and said it expected the tariff impact to worsen in the third quarter. The company stuck to a previous estimate that trade headwinds threaten to hit the bottom line by $4bn to $5bn. GM said it could take steps to mitigate at least 30% of that impact.

The automaker’s revenue in the quarter ending on 30 June fell nearly 2% to about $47bn from a year ago. Shares fell about 3% in premarket trade.

Nearly 1 million workers in the US are employed in the automotive manufacturing industry, with GM the largest US auto manufacturer by market share. GM employs about 162,000 people globally.

...

Beyond tariffs, GM’s underlying business in the quarter was solid. Sales in the US market – its main profit center – rose 7%, while the company continued to command strong pricing on its pickup trucks and SUVs. GM swung back to a small profit in China, after losing money there a year earlier.

Jeep-maker Stellantis on Monday warned that tariffs would significantly affect results in the second half of 2025, and said tariffs cost it about $350m.

The falls come as US inflation rose in June 2025 to 2.7% from 2.4% in May, as companies have raised prices in response to tariff rates implemented by the Trump administration.

https://www.theguardian.com/business...-trump-tariffs

[Blake]

tariff otaku can alter the so-called deal anytime he wants, so there's no telling where we'll actually end up

Buffoon in chief