Reply With Quote
I've always been fine with it in emergency situations, genius. You guys are the ones flip flopping in the wind.
And this never had to be an emergency to begin with.
"showing people how much tariffs inflate their bottom line is hostile and political"
I've always been fine with it in emergency situations, genius. You guys are the ones flip flopping in the wind.
And this never had to be an emergency to begin with.
SINGAPORE, April 29 (Reuters) - China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been granted exemptions.
The move will ease pressure on Chinese firms that import U.S. ethane for petrochemical production as well as provide an outlet for the natural gas liquid, a byproduct of U.S. shale gas production.
https://www.reuters.com/business/ene...ay-2025-04-29/
What is the goal of the tariffs?
You still don't know
https://www.cnbc.com/2025/04/29/oil-...a-beating.htmlOil industry that Trump wants to ‘drill, baby, drill’ has taken a beating since he took office
President Donald Trump wants the oil and gas industry to “drill, baby, drill” in pursuit of his energy dominance agenda, but the companies involved in the actual drilling and servicing of wells have instead taken a beating during his first 100 days in office.
U.S. crude oil prices have fallen below $65 per barrel, down more than 20% since Trump’s second term began, making it unprofitable for many companies to boost production, according to a survey by the Federal Reserve Bank of Dallas.
Executives on the frontline of the U.S. shale oil boom were scathing in their criticism of Trump’s policies in anonymous responses to that same survey. They used the word “uncertainty” in their comments more than in any quarter since the start of the Covid-19 pandemic five years ago, according to Mason Hamilton, vice president of economics and research at the American Petroleum Ins ute.
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The North American petroleum market faces more downside risk than the rest of the world because onshore oil production in the U.S. is more sensitive to commodity prices, the SLB CEO said.
Baker Hughes forecasts global upstream investment in exploration and production will decline by high-single digits this year compared to 2024, with spending in North America falling by low double digits, CEO Lorenzo Simonelli told investors on its earnings call, also last week.
“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Simonelli said.
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They're missing those Biden prices
Poor fellas
I'm at $2.19 here in Sun City, Arizona.
You don't eitherYou still don't know
Is this what the tariffs are for?
https://x.com/MattGertz/status/1917286629196136717
window dressing
everyone knows who's to blame
Something for you to crow about, Winester...
UPS canned a gaggle of loaders/drivers and shut down a number of facilities today.
Once again, who's " you guys"? Farmers? I've never flipped on farmer welfare.
No you questioned and mocked my understanding of the beef industry while you have minimal understanding of the industry. No one that raises beef butchers a cow for their family to eat. It gets sold to people like you while they have a nice steer.I said butchering your cows
Jesus christ.
What are these tariffs for?
President Donald Trump is set to provide tariff relief for carmakers on Tuesday, just weeks after the onset of auto levies triggered warnings of price increases.
An administration official confirmed that the 25% tariff on finished foreign-made cars and parts will remain -- but today's announcement will prevent tariffs from stacking on top of other tariffs he's imposed, such as duties on steel and aluminum.
Trump's 25% tariff on foreign auto parts goes into effect on Saturday and automakers will also be reimbursed for those tariffs up to an amount equal to 3.75% of the value of a U.S.-made car for one year. Reimbursement would fall to 2.5% of the car's value in a second year, and then completely phased out altogether.
https://www.msn.com/en-us/news/polit...rs/ar-AA1DQFGG
https://www.cnbc.com/2025/04/30/us-t...ket-bonds.htmlInvestors turn to emerging market debt after Trump tariffs hit U.S. Treasurys
Investors have been piling into emerging market bonds as Treasurys’ long-held reputation as a safe haven took a beating following U.S. President Donald Trump’s “reciprocal” tariffs.
Emerging market local currency bond yields slid by 13 basis points between April 2 — when Trump announced the tariffs — and April 25, according to the most recent data provided by JPMorgan. In contrast, the benchmark 10-year Treasury yield rose by more than 7 basis points during the same period.
“We are seeing that pickup into emerging market fixed income assets,” said Brandywine Global Investment Management’s portfolio manager Carol Lye, adding that that Mexico, Brazil and South Africa were some of the countries that could see more demand for their bonds.
As these bonds are priced in the domestic currency, overseas investors’ purchases also increases the demand for the local currency.
“The real yields are still very high. So that premium pays us to be there [emerging markets], and the currencies are also benefiting from that shift out of the dollar story,” Lye said.
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...revenge.
Bingo! Morning after regrets are immaterial now.
You signed upPERIOD
https://fuelarc.com/cars/only-tesla-...-content-rule/Only Teslas Exempt from New Auto Tariffs Thanks to 85% Domestic Content Rule
In a major policy shift, U.S. Commerce Secretary Howard Lutnick announced that vehicles with 85% or more domestic content will be fully exempt from new tariffs on automobiles.
That’s a steep threshold, and as of today, there’s only one automaker that qualifies for the exemption: Tesla.
...
https://www.cnbc.com/2025/04/29/port...iffs-bite.htmlPort of Los Angeles says shipping volume will plummet 35% next week as China tariffs start to bite
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Shipments from China to the West Coast of the U.S. will plummet next week as the impact of President Donald Trump’s tariffs leads companies to cut their import orders.
Gene Seroka, executive director of the Port of Los Angeles, said Tuesday on CNBC’s “Squawk Box” that he expects incoming cargo volume to slide by more than a third next week compared with the same period in 2024.
“According to our own port optimizer, which measures the loadings in Asia, we’ll be down just a little bit over 35% next week compared to last year. And it’s a precipitous drop in volume with a number of major American retailers stopping all shipments from China based on the tariffs,” Seroka said.
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wow, a bespoke carve out for Trump's biggest supporter
not even trying to hide the corruption
https://www.wsj.com/economy/us-gdp-q1-2025-1f82f689U.S. Economy Contracts at 0.3% Rate in First Quarter
The U.S. economy contracted in the first three months of 2025, as businesses rushed to stock up on imports ahead of tariffs and consumers eased their pace of spending.
The Commerce Department said U.S. gross domestic product—the value of all goods and services produced across the economy—fell at a seasonally and inflation adjusted 0.3% annual rate in the first quarter. That was the steepest decline since the first quarter of 2022.
The reading fell short of the 0.4% growth that economists surveyed by The Wall Street Journal expected.
The decline in GDP in the first quarter reflected front-running ahead of tariffs that began to come into effect during the first three months of the year and were dramatically increased in the current, second quarter. Imports rose at a 41.3% pace. Exports rose more slowly, at a 1.8% pace in the first quarter.
Stock futures, which were negative before the report, fell further after the GDP release.
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https://www.cnbc.com/2025/04/30/trum...-overhang.htmlTrump blames Biden after GDP shrinks in first quarter, says growth will ‘take a while’
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It was the first quarter of negative growth since Q1 of 2022.
A separate report earlier Wednesday morning showed that private payrolls rose by just 62,000 in April, far below the Dow Jones consensus estimate for an increase of 120,000.
The weak hiring report from ADP marked the smallest gain since July 2024. It also showed a stark drop in payroll growth from the downwardly revised gain of 147,000 in March.
Markets fell sharply at the open after the GDP report and disappointing corporate results.
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In fact, the latest GDP report showed the personal consumption expenditures price index, the Fed’s preferred inflation measure, sharply increasing by 3.6% in Q1, up from the 2.4% rise in the prior quarter.
Meanwhile, experts have pegged the shrinking payroll numbers and cratering consumer confidence to uncertainty and fear surrounding Trump’s tariff policies.
Trump’s current attempt to shirk responsibility for the economy is a mirror image of his effort to take credit for the stock market when it was on the rise during the Biden administration.
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