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    superchuck500

    superchuck500

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    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.


     
    Republicans are quietly pushing a procedural rule that would curb the power of the US Congress to override Donald Trump’s chaotic tariff policy.

    The House of Representatives’ rules committee on Wednesday approved a measure that would forbid the House from voting on legislation to overturn the president’s recently imposed taxes on foreign imports.

    The sleight of hand was embedded in procedural rule legislation setting up debate on a separate issue: the budget resolution that is central to Trump’s agenda.


    If adopted, the rule would in effect stall until October a Democratic effort to force a floor vote on a resolution disapproving of the national emergency that Trump declared last week to justify the tariffs. This mirrors a similar tactic used previously to shield Trump’s earlier tariffs.

    The move came as Trump announced a major reversal on Wednesday, with a 90-day pause on tariffs for most countries while raising them to 125% for China.……

    www.theguardian.com

    Republicans trying to change rules to avoid House vote on Trump tariffs

    Proposed procedural change would shield Republican representatives from having to vote on chaotic trade policy
    www.theguardian.com www.theguardian.com
     
    Optimus Prime said:
    Republicans are quietly pushing a procedural rule that would curb the power of the US Congress to override Donald Trump’s chaotic tariff policy.

    The House of Representatives’ rules committee on Wednesday approved a measure that would forbid the House from voting on legislation to overturn the president’s recently imposed taxes on foreign imports.

    The sleight of hand was embedded in procedural rule legislation setting up debate on a separate issue: the budget resolution that is central to Trump’s agenda.


    If adopted, the rule would in effect stall until October a Democratic effort to force a floor vote on a resolution disapproving of the national emergency that Trump declared last week to justify the tariffs. This mirrors a similar tactic used previously to shield Trump’s earlier tariffs.

    The move came as Trump announced a major reversal on Wednesday, with a 90-day pause on tariffs for most countries while raising them to 125% for China.……

    www.theguardian.com

    Republicans trying to change rules to avoid House vote on Trump tariffs

    Proposed procedural change would shield Republican representatives from having to vote on chaotic trade policy
    www.theguardian.com www.theguardian.com
    Click to expand...
    That is why the Democrats need to stop with this focus on Musk & Trump and direct their attention to the Republican Party! They need to emphasize that everything that is happening is a direct result of Republican policy.

    - Legal immigrants ship off to foreign jails
    - The economy
    - The security failures
    - The sabotage of multiple Government agencies
    - The Junk Drawer of unqualified Secretaries
    - The attacks on Canada's and Greenland's sovereignty
    - The ceding of the Congress' Article I Constitutional duties

    All of these things are due to the Republican Party!
     
    1744281624828.jpg


     
    superchuck500 said:
    Come on, this is silly. Yes, members of Congress trading on non-public information obtained in the course of their work is a problem and should be strictly controlled. But members of Congress don't move markets or cause the price behavior that they (allegedly) profit from - and they certainly don't singlehandedly move the entire structure of the world's financial markets on nothing more than whim.

    It's obvious to Trump now and everyone around him that these tariff announcements literally cause wild market swings - and could easily be manufactured into highly profitable, intentional volatility. Do you doubt that is true based market behavior in the past weeks? So if it is true, it's clearly a massive problem if these events are being shared or communicated in a way that allows certain people to reap huge profits from that knowledge, I think you would agree.

    So if it's "rich" for Congress to call for it to be investigated, who should be the one calling for it to be investigated? Because clearly it should be. The SEC (lol)?
    Click to expand...
    I dont have a problem with them calling for an investigation. I have an issue with them not cleaning up the same problem in their own body. You said it yourself.

    So its do as I say and not as I do. If it is a corrupt practice, its corrupt everywhere and applies to everyone. Otherwise its all just selective outrage.
     
    MT15 said:
    Even as a child, I was told in no uncertain terms that the excuse “but everybody is doing it” won’t fly. In fact, it just made my parents mad if I whined about stuff like that.

    Somebody else breaking the law is zero excuse for breaking the law. And if you break the law, you should be punished period.

    That grown men sit here and make excuses for Trump like this is just pathetic.
    Click to expand...
    You should be furious then at the double standard. I didnt say it was okay for anyone. I am saying if it is a corrupt practice for anyone then that standard should apply to everyone.

    Its blatant hypocrisy.
     
    efil4 said:
    He doesn't care at this point.

    He is backed into a corner now. China has refused to budge and negotiate. Like I posted on EE thread, they are much more prepared to engage in a trade war, citizens as well. They have been circulating JD Vance video clip saying " We borrowed money from Chinese peasants to buy products made by Chinese peasants". That alone is galvanizing.

    We are a consumption based citizenry. The top US companies that rely on China: (no particular order)

    Apple
    Walmart
    Tesla ( 100% batteries come from China)
    Boeing
    GM
    FORD
    Nike

    And Quallcomm and Micron tech for revenue.


    Apple -90% of iPhone is China. This is going to unwind Apple like we have never seen.
    Walmart-70-80% of goods come from China


    This is nuts.
    Click to expand...
    “Inside the Production: Where Are Tesla Batteries Made?”
    ev-lectron.com

    Inside the Production: Where Are Tesla Batteries Made?

    Tesla has redefined the automotive industry by popularizing electric vehicles (EVs) and setting new standards for battery technology. Its groundbreaking approach to battery production is central to Tesla's success, enabling a seamless blend of innovation, sustainability, and scalability. So...
    ev-lectron.com ev-lectron.com

    As to Walmart.
    Over 50% of Walmart income comes from groceries, so a significant source of income is not coming from China. 60% of clothing, electronics, and toys come from China. And they are currently amping up India and Vietnam as major suppliers.
     
    Last edited:
    TampaJoe said:
    I dont have a problem with them calling for an investigation. I have an issue with them not cleaning up the same problem in their own body. You said it yourself.

    So its do as I say and not as I do. If it is a corrupt practice, its corrupt everywhere and applies to everyone. Otherwise its all just selective outrage.
    Click to expand...

    You know, it's okay to say that one thing is a problem - while a similar thing on a dramatically greater proportion is a greater problem. There are regularly bills sponsored in both houses of Congress to restrict or otherwise impose greater accountability on congressional stock trading - I'm not sure if Schiff is a sponsor but Congress is not monolithic (duh).

    You sound like the guy saying its okay to have his metal band practice in his apartment at night because sometimes his neighbor watches Netflix too loud.
     
    Sendai said:
    “Inside the Production: Where Are Tesla Batteries Made?”
    ev-lectron.com

    Inside the Production: Where Are Tesla Batteries Made?

    Tesla has redefined the automotive industry by popularizing electric vehicles (EVs) and setting new standards for battery technology. Its groundbreaking approach to battery production is central to Tesla's success, enabling a seamless blend of innovation, sustainability, and scalability. So...
    ev-lectron.com ev-lectron.com

    As to Walmart.
    Over 50% of Walmart income comes from groceries, so a significant source of income is not coming from China. 60% of clothing, electronics, and toys come from China. And they are currently amping up India and Vietnam as major suppliers.
    Click to expand...

    as has been discussed before, and as Peter Retarrdo mentioned, Tesla assembles, not mfg.

    So in that article, Tesla has 2 main suppliers of Lithium Ion battery cells- LG CHEM and CATL. LG CHEM is Korean and CATL is Chinese. So the the heart of his battery comes from overseas, shipped to his "gigafactory" and assembled into a battery pack there. So that article doesnt dispel Teslas exposure to tariffs.

    Where else will Elon get Lithium Ion Cells? any idea? India? Vietnam? Cost from them?


    As for Walmart- they still have 60% exposure to the tariffs on everything you just stated. India and Vietnam- while "ramping up" supply doesnt equate to the 60% exposure.

    They just pulled operating guidance yesterday


    The issue of tariffs arent particularly the tariffs themselves. Its the uncertainty they bring to every single corporation who relies on very little fluctuations to offer guidance/outlooks to investors. They simply dont know. And if they dont know, we dont know.

    Do you know what production capabilities India and Vietnam have for electronics? Turnaround time? cost to mfg? All these ( and more ) have to be answered in order to get a good idea of what ramifications this trade war will have.

    Uncertainty rankles the market - always has, always will.
     

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