The trade and economy mega-thread (1 Viewer)

[superchuck500]

Is there a trade deal with China? Is it really a deal or just a pull-back to status quo ante? Is Trump advancing US interests in this well-executed trade battle plan or was this poorly conceived from the start . . . and harmful?

I think the jury's still out, but I haven't seen that the Chinese are offering much in compromise - and it's not even clear if there's going to be an agreement. But it's clear they are working on something and I'm sure Trump will sell it as the greatest trade deal ever. The proof will be in the details.

 

[MT15]

The markets are betting Trump won’t go through with his tariffs. I think that’s a good bet, but not a lock. He could get a wild hair and burn everything down because he’s mad about TACO just as easily as he could back out. I guess we will see.

 

[Optimus Prime]

The cost of toys and games is rising at a record rate as the industry begins to feel the impact of President Donald Trump’s tariffs on China.

While inflation held steady last month at 0.1 percent, the price of toys, games and playground equipment saw a rise of 2.2 percent between April and May, according to figuresfrom the Bureau of Labor Statistics.

The latest figures capture the period after Trump unveiled his global reciprocal tariffs in April, and while the full impact is yet to appear in the data, experts say it’s a gloomy indication of what’s to come for the toy industry.

After months of back and forth, tariffs on Chinese imports – which at one point rocketed to 145 percent – are currently at 30 percent until mid-August.…….

Toy prices rise at record rate as Trump’s tariffs on China hit industry hard

Experts say the figures give a gloomy indication of what’s to come for the toy industry

www.independent.co.uk