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one year on
Trump's tariffs by presidential decree imposed massive costs on US importers with pass through inflation, failed to achieve primary policy objective
https://www.cato.org/blog/after-year...-barely-budged
Good tariff example. I use a specialty cupronickel tubing that is ony made in Germany. There is no US option. My last order was $39 thousand and change to the manufacturer. The tariff to clear US Customs was right at $20,000. That gets passed on directly to my customers who pass it on to their customers.
one year on
Trump's tariffs by presidential decree imposed massive costs on US importers with pass through inflation, failed to achieve primary policy objective
https://www.cato.org/blog/after-year...-barely-budged
Trump want to rip up his trade deal with Canada and Mexico
Could backfire
The U.S. goods trade deficit widened sharply in May to $105.8 billion … a new post-Liberation Day high.
- Schwab
https://bsky.app/profile/fullcarry.n.../3mp6xvpu2zk2dAnother casualty of the data center buildout: US trade deficit. Imports of capital goods up almost 42% YoY
Trump would like to lay new taxes on American companies to punish Europe
https://www.theguardian.com/us-news/...se-digital-taxDonald Trump has threatened to place a 100% import tariff on any European country that imposes a tax on digital services from US companies.
Writing on Truth Social on Friday, the US president said that “numerous European countries” had been discussing putting a digital services tax on American companies and that “some of these countries are close to actually doing this”.
“Please let this statement serve to represent that any country that imposes such a tax will immediately be met with a 100% TARIFF on any and all Goods sent to the United States of America,” Trump continued.
He added that the tariff would be immediately imposed and supersede any other prior trade deals that existed with the country.
freight inflation related to tariffs and war
Trump continues to make prices go up
https://www.ft.com/content/8bf7cfa4-...syn-25a6b1a6=1The cost of freight shipping has risen to its highest since the Red Sea crisis two years ago as businesses rush to stockpile inventory ahead of a fresh round of US tariffs
https://www.reuters.com/business/wor...nt-2026-06-29/Trump’s tariffs aren’t saving jobs at Whirlpool’s Iowa refrigerator plant
AMANA, Iowa, June 29 (Reuters) - If any company stood to gain from President Donald Trump’s trade war, it was Whirlpool (WHR.N), opens new tab and the workers assembling its iconic appliances in Iowa.
But at its “Big Blue” refrigerator plant, so named because of its robin’s-egg-colored siding, the company has cut more than half its nearly 2,000-strong workforce in the last year, despite tariffs championed by Trump to support U.S. manufacturing.
...
CEO Marc Bitzer last year praised Trump’s trade actions, saying in an investor call that the Michigan-based company was a “net winner” from the policy.
But tariffs have not halted the job losses in Iowa or the decline in Whirlpool’s stock, now at its lowest since the 2007-2009 financial crisis.
Tariffs have raised Whirlpool’s costs for steel and imported components while demand tied to a weak housing market has softened. Meanwhile, Whirlpool has said tariffs have supported investment in other parts of its
U.S. operations. The company has increased sourcing from plants in Mexico and China and moved some specialty models to an updated plant in Ohio.
The changes underscore the still-evolving effects of Trump’s tariffs. While some companies say the measures support investment at home, others face higher input costs and shifting supply chains, with uneven consequences for jobs.
...
https://cepr.net/publications/trumps...ng-in-reverse/One of Donald Trump’s favorite claims about the economy is that he has brought us an unprecedented boom in investment, and especially in factory construction. He constantly talks about the $18 trillion in new investment he has secured for the country, and how everyone is building factories here.
While anything can happen tomorrow, there is zero evidence of this investment boom to date, and factory construction is going the wrong way fast. As some of us (not major news outlets) have pointed out, there was a massive factory construction boom under Biden, with construction peaking in 2024 at more than twice its pre-pandemic level in the third quarter of 2024. This boom was directly connected to the major bills of the Biden presidency: the infrastructure bill, the CHIPS Act, and the Inflation Reduction Act.
Since then, factory construction has fallen rapidly. The May figure was down almost 25% from the 2024 peak. All politicians exaggerate their accomplishments, but with Trump we have a president celebrating a boom that exists only in his head. In reality, factory construction under his watch has been a massive bust.
https://www.wsj.com/finance/stocks/t...riffs-06e92290Trump’s Brokerage Accounts Made Big Trades Around ‘Liberation Day’ Tariffs
Like most of president’s 21,000 trades in 2025, the activity was kept hidden until this week
cold feet for a US trade deal in India
https://www.thehindubusinessline.com...61898.ece/amp/There is no political will in India at present to conclude the proposed bilateral trade agreement (BTA) with the US, as a deal that imposes a disproportionate tariff-reduction burden on the country, particularly on the sensitive farm sector, is seen as “untenable”, sources said.
The government is also concerned about the potential impact of steep tariff cuts on India’s balance of payments, as trade surplus with the US is already declining, and would rather wait for the outcome of the US Section 301 investigations than negotiate under the shadow of tariff threats.
“At present, US tariffs on Indian exports are almost back to the levels that prevailed when President Donald Trump took office, as the reciprocal tariffs have been suspended and the additional 10 per cent global tariff imposed in their place is also set to lapse on July 24. In such a situation, it would be politically untenable for the government to accept a trade deal that places a disproportionate tariff-reduction burden on India,” a source tracking the matter told businessline.
Crooked Trump.
https://www.reuters.com/world/trump-...in-2026-07-08/Trump orders halt to US trade with Spain over NATO spending, Iran
ANKARA/MADRID, July 8 (Reuters) - U.S. President Donald Trump on Wednesday ordered an immediate halt to all trade with NATO ally Spain, escalating tensions over #defence spending and the Iran war, despite European Union rules requiring trade negotiations to be conducted as a single bloc.
During a NATO summit in Ankara, which European leaders had hoped would cap rifts within the military alliance, Trump instead reignited the dispute with Spain, calling it a "terrible partner". He also irked another NATO ally Denmark by reiterating that his country should control Greenland. Denmark promised to defend every inch of its territory.
This marked the second time Trump has instructed Treasury Secretary Scott Bessent to halt commerce with Spain over its refusal to commit to NATO's new defence spending target of 5% of GDP. However, after his first such promise in March, trade between the two countries continued normally.
"Spain doesn't agree to anything, and you shouldn't carry them," Trump told NATO Secretary General Mark Rutte, who later tried to soothe the tension by saying that Spain "made a huge step last year" raising its spending to 2%, though he added that "there are still issues we have to solve".
Trump has also repeatedly expressed frustration with Spain after Prime Minister Pedro Sanchez, a Socialist who leads a minority leftist government, refused to let the U.S. use its airspace or bases for the Iran war.
...
Despite Trump's trade threats, major U.S. investors have expressed enthusiasm about Spain as an investment destination.
BlackRock, the world’s largest asset manager, said in its mid-year report that Spain was its "preferred country for equity exposure" because of economic growth that has outpaced most developed countries.
Spain is the U.S.-based firm's main bet at a global level for the next six months, a spokesperson said. BlackRock holds €104 billion ($119 billion) worth of Spanish equities, debt, private markets and real assets, they added.
Still, net overall U.S. investment in Spain slumped by €1.9 billion in the first quarter of 2026, according to Spain's economy ministry.
Spain is the world's largest olive oil exporter and also sells auto parts, steel, chemicals, and wine to the United States, although analysts consider it to be less vulnerable to Trump's threats of economic reprisal than other European economies.
...
Trump still doesn't know how EU works.
Trump's tariff inflation is still passing through, the escalation of hostilities with Iran will compound it
https://libertystreeteconomics.newyo...-the-pipeline/NY FED: “.. nearly half of firms that have paid tariffs still plan additional price increases to offset these costs, with some expecting to raise prices six months or more in the future.”
people don't like chaos and unpredictability, nor do they like prices going up because Trump laid taxes on US import companies by proclamation
the USA has lost ~75,000 manufacturing jobs since "Liberation Day"
https://www.wsj.com/opinion/how-trum...-work-c8647cd0
Trump's illegal tariffs are contributing to the budget deficit now that they have to be refunded
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