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This is Article I (which describes Congress's power). The words imposts, excises, tariffs or any synonym for this do not appear in Article IIhttps://bsky.app/profile/jonathanmla.../3mcxw7s5vk223
"President Donald Trump in recent days claimed progress in his administration's effort to tackle rising food prices. "Grocery prices are starting to go rapidly down," Trump told an audience at the Detroit Economic Club, without citing evidence.
Blake Cramer
Hours earlier, however, fresh government data refuted Trump's assertion, instead showing the largest monthly jump in food prices since 2022."
https://abcnews.go.com/Business/groc...y?id=129237545
Tsa just following his alt right Trump commands like a good bootlick
This is Article I (which describes Congress's power). The words imposts, excises, tariffs or any synonym for this do not appear in Article IIhttps://bsky.app/profile/jonathanmla.../3mcxw7s5vk223
goods inflation
double-top coming?
I can't imagine why Canada thinks China is a more reliable partner
https://bsky.app/profile/sharonk.bsk.../3md6igoqkhc2uTrump to Canada: "You rely on us too much!"
Canada: "OK, we'll diversify."
Trump: "No, wait, not like that!"
https://www.reuters.com/world/europe...ws-2026-01-19/Exclusive: German investments in US nearly halved in Trump's first year back, report shows
BERLIN, Jan 19 (Reuters) - German #companies nearly halved their investments in the United States in the first year of President Donald Trump's second term, citing trade uncertainty, according to a report by the German Economic Ins ute (IW) seen by Reuters on Monday.
From February to November 2025, German firms invested around 10.2 billion euros ($11.1 billion) in the U.S., down roughly 45% #from almost 19 billion euros in the same period a year earlier, the study showed, using data from the Bundesbank.
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Trump's omnidirectional belligerence seems to be backfiring
https://www.telegraph.co.uk/business...ew-world-orde/A China-Europe energy alliance could deliver a new world order
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Trump’s national security strategy exhorts Europe to reward Vladimir Putin, and openly states the goal of “cultivating resistance to Europe’s current trajectory”.
Given that, it is no longer tolerable for Britain and Europe to maintain such heavy reliance on imports of oil and liquefied natural gas (LNG) from the US or from any country under Trump’s spell or subject to his coercive reach.
The imperative is to electrify even faster as an urgent matter of national security, and that is one way to read the British government’s £15bn plan announced this week for solar panels, heat pumps, and batteries.
Even before Trump lost all inhibitions, serious energy analysts were warning that the era of globally traded fossil fuels was under threat, because trade was no longer politically safe.
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The energy think tank Ember says China accounted for two thirds of the entire increase in global fossil demand from 2012-2022. Today, it is the world’s largest combined importer of oil and LNG by far. It will not be tomorrow.
The other reason why China will never buy the oil and gas that Trump wants to sell – and exploit as leverage – is that it is moving with breakneck speed to ditch the legacy energy system of the 20th century, and entrench its commercial dominance over the more advanced electro-technologies of the 21st Century.
There is no need to rehearse the figures. Anybody who is paying attention knows by now that sales of combustion cars in the world’s largest car market have crashed to around 40pc on a rolling monthly basis, and will be close to irrelevant by the end of the decade. They know that trucks are following the same trajectory. Fossil use is already declining in Chinese manufacturing and buildings.
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It takes a lot to throw these two foes together, but Trump may have pulled it off over the 10 days that shook the world, culminating in the Greenland disgrace.
China and Europe are reaching a modus vivendi of sorts over tariffs on electric vehicles. Chinese vice-premier He Lifeng was in Davos this week making sweet overtures to the Europeans and denouncing “the law of the jungle, where the strong bully the weak.”
Meanwhile, Trump’s hubristic cabinet was in nearby rooms acting like a pack of hyenas, dishing out insults, ridiculing all efforts to cut CO2 emissions and proclaiming the gospel of coal.
Trump’s advisers like to talk of a “reverse Nixon” where they bring Russia in from the cold and split the Sino-Russian axis.
They may soon find themselves the victim of a reverse triangulation with a twist as China outwits them, swooping into the Ukraine war to broker a peace deal and then detaching Europe from the defunct Atlantic alliance.
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https://www.semafor.com/article/01/2...s-over-tariffsVolkswagen considers pulling out of US factory plans over tariffs
Volkswagen may pull its plans for a major Audi factory in the US, citing President Donald Trump’s automotive tariffs.
The car giant’s CEO told Handelsblatt that US levies cost VW $2.5 billion in the first nine months of 2025, and that reductions were necessary.
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The USA had a real deal, Senate-ratified free trade agreement that Trump ripped up
Now he wants to punish South Korea for not taking a worse deal
if Trump TACOs 73% of the time, how can the tariffs be a national emergency?
https://www.bloomberg.com/news/newsl...ime-on-tariffs
https://www.ctvnews.ca/northern-onta...-algoma-steel/Korean shipbuilder bidding for submarine contract agrees to $345M deal with Algoma Steel
A major shipbuilder from South Korea has signed a memorandum of understanding with Algoma Steel, which would see the Sault Ste. Marie steelmaker receive up to $345 million to develop a structural steel beam mill.
The agreement is contingent on South Korean businesses winning the contract to build a new fleet of submarines for the Canadian military.
Officials from Korea are headed to Canada this week in support of their bid, which is valued at more than $12 billion. It is competing with businesses from Germany.
Monday, Algoma Steel and Korea’s Hanwha Ocean announced they had entered into a binding MOU related to the “future submarine program with Canadian steelmaking capability and Canadian workers, supporting long-term naval readiness and industrial sovereignty.”
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https://www.theguardian.com/business...Dshare_btn_url‘Mother of all deals’: EU and India sign free trade agreement
India and the EU have finalised a landmark free trade agreement, which the European Commission president, Ursula von der Leyen, hailed as the “mother of all deals”.
The agreement comes after almost two decades of on-off negotiations between India and the EU, which vastly accelerated in the past six months and were finally concluded late on Monday night.
The deal is expected to open up India’s vast and traditionally tightly guarded market to the 27 nations in the bloc, with a focus on manufacturing and the services sector. It will ease market access for key European products, including cars and wine, in return for easier exports of textiles, gems and pharmaceuticals.
The agreement is expected to double EU exports to India by 2032 by eliminating or cutting tariffs in 96.6% of traded goods by value, and would lead to savings of €4bn (£3.5bn) in duties for European companies, the EU said.
Tariffs will be reduced to zero for a vast swathe of industrial products, including nearly all iron and steel, plastics, chemicals, machinery and pharmaceuticals.
“Europe and India are making history today,” von der Leyen said after landing in Delhi, where she met the Indian prime minister, Narendra Modi, on Tuesday. “We have concluded the mother of all deals. We have created a free trade zone of 2 billion people, with both sides set to benefit.”
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Trump's omnidirectional tariff hostility givers the whole world incentive to do deals with one another and leave us increasingly behind the door
https://www.reuters.com/world/asia-p...ne-2026-01-29/Vietnam, EU elevate diplomatic ties as international order "is under threat"
HANOI, Jan 29 (Reuters) - Vietnam and the European Union said on Thursday they elevated diplomatic relations, as both sides seek to expand international partnerships amid global disruptions.
The largely diplomatic move entails no binding commitments but carries political weight at a time when the EU and Vietnam are seeking to deepen international ties as they both face up to higher levies on their exports to the United States.
The upgrade is "a historical milestone underlining the great achievements that the two sides have made," Vietnam's President Luong Cuong said at the start of a meeting in Hanoi with European Council President Antonio Costa.
A free trade agreement between Vietnam and the 27-country EU entered into force in 2020.
Costa, who arrived in Hanoi after the EU struck a major trade deal with India on Tuesday, said the upgraded partnership "highlights the importance we attach to the region and to Vietnam's growing role".
"At a moment when the international rules-based order is under threat from multiple sides, we need to start to stand side by side as reliable and predictable partners," Costa added.
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"...The US trade deficit ballooned to $56.8 billion in November 2025, crushing economists’ forecasts of $43.4 billion and nearly doubling from October’s revised $29.2 billion.
The magnitude of the surge in trade deficit signals intensifying import pressure as American consumers and businesses continue shopping abroad.
The shortfall marks the return of a structurally wider deficit after October’s anomalously narrow position.
It raises fresh questions about whether tariff-related front-loading is masking deeper import momentum heading into 2026...."
https://www.tradingview.com/news/inv...3-4b-forecast/
lol thumb on the scale
lying about the deficit
https://www.cnbc.com/2026/01/29/trad...f-efforts.htmlTrade deficit soared 94% in November and was higher than a year ago, despite tariff efforts
The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday.
Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October. Of that gain, about one-third came with the European Union, where the goods deficit rose by $8.2 billion. The goods deficit with China decreased by about $1 billion to $13.9 billion.
On a year-over-year basis, the deficit through November stood at $839.5 billion, or about 4% higher than the same period in 2024.
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Just so I get this straight... there's no dent in the trade deficit but we're paying more for stuff because three companies are passing the tariff costs down the consumers as predicted?
Can one of you Trump s please mentally gymnasticize for me as to why you still support these tariffs?
The more fun part is that to declare the tariffs, Trump claims trade deficits are a national emergency. So he managed to make a "national emergency" actually worse.
The obvious solution is more tariffs.
https://reason.com/2026/01/31/trumps...lcohol-makers/Trump’s tariff war is crushing American alcohol makers
In recent weeks, new data has emerged from Canada showing the near-catastrophic consequences to American alcohol manufacturers from President Donald Trump's tariff wars. Yet despite clear signs that his tariff policies are backfiring, the president keeps doubling down.
Last year, in response to the administration's tariffs on goods from Canada, provincial liquor stores in Quebec and Ontario enacted a boycott on American wine and distilled spirits. Because the government operates the liquor stores in those provinces, it was relatively straightforward to simply pull all American-based alcohol from store shelves, essentially zeroing out Canadian alcohol sales for American producers.
Now, the data is starting to roll in concerning the impact of the boycott. Since 2024, there has been a jaw-dropping 91 percent decline in U.S. wine sales to Canada. In just October of last year, there was an 84 percent year-over-year drop in wine sales compared to the prior year and a 56 percent drop in distilled spirit sales. Prior to the boycott, Canada was one of the primary export markets for American wine.
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