The trade and economy mega-thread (4 Viewers)

[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.

 

[DaveXA]

Not even the government. It's entirely DFFT in the White House. Congress has been effectively neutered.

 

[superchuck500]

LOL

 

[zztop]

There's always a tweet lol ^

 

[GrandAdmiral]

So what does this do to my Temu order...?

 

[ktulu909]

So what does this do to my Temu order...?

I ordered about 12 items from Aliexpress friday for a project and they all cleared customs today with no addition charges.

 

[Optimus Prime]

 

[DJ1BigTymer]

QFT.

The only thing mass tariffs made Great was the late 1920's Depression! If trump becomes president and implement this stupid plan, the GLOBAL ECONOMY will be wrecked for DECADES! The sad truth of this is that there is documented evidence that PROVES his idea is idiotic, but he's too stupid to understand that evidence.

 

[Lapaz]

Trudeau cleverly responded to Trump's disrespectful referral to him as a governor. I initially thought he should address Trump as a reality star, but instead he took a higher road, but one that might get under Trump's skin, by just calling him Donald, and further saying the tariffs are dumb.

 

[MT15]

 

[Neworleansfan]

So there maybe a trade deal tomorrow between US-Canada-Mexico. USMCA part deux?
Let me create a problem so I can fix it to score points with the dummies. lol.

 

[Optimus Prime]

So there maybe a trade deal tomorrow between US-Canada-Mexico. USMCA part deux?
Let me create a problem so I can fix it to score points with the dummies. lol.

And fix it meaning go back to where it was before

 

[Optimus Prime]

Americans have been warned to brace for higher prices within days of Donald Trump pulling the trigger on Monday, imposing US tariffs on goods from Canada and Mexico and hiking tariffs on China.

Global stock markets came under pressure again on Tuesday, with leading indices falling sharply – and the benchmark S&P 500 losing all its post-election gains – as Canada, Mexico and China vowed to retaliate, and investors balked at the prospect of an acrimonious trade war.

US retail giants predicted that prices were “highly likely” to start rising on shelves almost immediately after a 25% duty came into effect on exports from Mexico to the US.


Most Canadian exports to the US also now face a 25% duty, with a 10% rate for energy products. The Trump administration imposed a 10% levy on all Chinese exports to the US last month, which has now been doubled to 20%.

Trump, who won back the White House after pledging repeatedly to bring prices down, has acknowledged that his controversial trade strategy could lead them to rise. Consumers could face “some short-term disturbance”, the president conceded last month.

With US retailers relying heavily on imports from Mexico and Canada to stock their shelves, top executives claimed they would have no choice but to increase prices.

Target, for example, relies heavily on Mexican produce during the winter months, and fruit and vegetable prices in its stores could rise as soon as this week, according to Brian Cornell, its CEO.

“Those are categories where we’ll try to protect pricing, but the consumer will likely see price increases over the next couple of days,” Cornell told the news network CNBC, pointing to produce including strawberries, avocados and bananas. “If there’s a 25% tariff, those prices will go up.”……..

US consumers warned to brace for higher prices due to Trump’s tariffs

Prices ‘highly likely’ to rise almost immediately, retailers say, after 25% duty hits exports from Mexico and Canada

www.theguardian.com

 

[coldseat]

So there maybe a trade deal tomorrow between US-Canada-Mexico. USMCA part deux?
Let me create a problem so I can fix it to score points with the dummies. lol.

The heat from the billionaires is too much, lol.

 

[wardorican]

Nickel hits aerospace hard, also hits land based generators. Nickel based super alloys, a lot of stainless steel uses Nickel along with the critical element Chromium. Some alloy steels use small amounts of nickel, but only about 1-3% by weight.

 

[efil4]

So Trump backtracks on Auto maker tariffs - gives them 30 days to "figure it out" ( how to move production to US )

30 days.

 

[superchuck500]

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www.cnbc.com

 

[DaveXA]

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www.cnbc.com

This should be shocking, but really, considering what's currently happening, this isn't surprising.

The only thing surprising is that it's happening this quickly.

 

[bird]

So Trump backtracks on Auto maker tariffs - gives them 30 days to "figure it out" ( how to move production to US )

30 days.

Trump is vile. We know that. Leavitt is disgusting.