Tariffs in the second Trump Administration [SPLIT]

[Alistair]

I will give only little on Biden giving us inflation. The two main drivers of inflation during Biden's time were: 1) Covid related supply chain disruptions, 2) Corporate opportunistic greed-flation and predatory price gouging.

Add Trump covid handouts to the cause as well

 

[fallsguy]

 

[rareboy]

 

[KaraBulut]

A view of all markets over the past week.

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One of the Fed Presidents was interviewed on CNBC and he said what people have been suspecting- the falling stock market and the rising bond rate are signs that investors are moving money to overseas investments.

This is someone who understands economics , unlike the Orange Supremacist in the White House who seems clueless:

https://www.cnbc.com/2025/04/11/feds-kashkari-says-rising-bond-yields-falling-dollar-show-investors-are-moving-on-from-the-us.html

Minneapolis Federal Reserve President Neel Kashkari said Friday that recent market trends show investors are moving away from the U.S. as the safest place to invest while President Donald Trump’s trade war escalates.

With Treasury yields rising and the U.S. dollar sagging against its global counterparts in recent days, the trends are running counter to what you might normally see, the central bank official said during a CNBC “Squawk Box” interview.

“Normally, when you see big tariff increases, I would have expected the dollar to go up. The fact that the dollar is going down at the same time, I think, lends some more credibility to the story of investor preferences shifting,” Kashkari said...

“Investors around the world have viewed America as the best place to invest, and if that’s true, we will have a trade deficit. So now one of the ways that expresses itself is in lower yields across asset classes in America,” Kashkari said. “If the trade deficit is going to go down, it could be that investors are saying, OK, America no longer is the most attractive place in the world to invest, and then you would expect to see bond yields go up.”

 

[rareboy]

What a fucking mess.

 

[rareboy]

By the way.....this happened.




In the end, it is Japan that started unloading their US debt. And I suspect that Trump found out from the '75' countries that called asking for a deal, that a lot of the other holders of Treasury notes
might have told him the same thing as Canada.

Persist in this and there would be a sell-off.

 

[rareboy]

So Amazon has cancelled some inventory orders from Chinese vendors...maybe in response to tariffs but they had started doing this before tariffs were imposed.

It will be interesting to see if Amazon's offerings and sales shrink as tariffs take hold, or whether they will find 3rd party suppliers to take on the sales for a fee?

Amazon reportedly cancels some orders for Chinese goods as tariff war continues

After President Trump's April 2 announcement of tariffs on most other countries, Amazon reportedly canceled some orders from products from China.

www.usatoday.com

 

[KaraBulut]

By the way.....this happened.


In the end, it is Japan that started unloading their US debt...

True. The rumors were that China was going to play hardball in the bond market. Instead, it was Japan that started the panic this week.

The House just passed a budget that is estimated to increase the 10 year debt by another $5 trillion. We've reached the point where the US is paying more in debt service - basically interest on the trillions of debt that it has run up since 2008- than it is paying to maintain its military. If the Republicans pass the budget that Trump has proposed- and it passed the House last night- then the US is going to get into trouble with all of the other countries holding the bonds that are due to pay increasing interest rates, driving up the US future obligations and debt service.



The Republicans were screaming at Bill Clinton about the debt back in the late 90s, when it was $3 trillion. By the time Trump was elected, it was around $15 trillion. The Trump tax cuts and the COVID expenditures have escalated it to $30 trillion. If they extend those tax cuts, it's going to be nearly impossible to reduce the debt, or even keep it at its current levels.

*If this video is blocked outside the US, let me know and I will upload a copy.

 

[rareboy]

The EU and China are going to push the US out of the electric vehicle market by coming to their own deal on tariffs on Chinese products.

This is a real loss for US auto manufacturers.

https://www.reuters.com/business/autos-transportation/eu-china-start-talks-lifting-eu-tariffs-chinese-electric-vehicles-handelsblatt-2025-04-10/

 

[Norri]

This illustrates what a moron Musk is as a businessman. Instead of working at the White House he should have been talking to the EU to prevent this very thing from happening. He created a market for electric cars and now the Chinese are going to take it away from him.

Glad I never invested in any of his companies.

 

[rareboy]

This illustrates what a moron Musk is as a businessman. Instead of working at the White House he should have been talking to the EU to prevent this very thing from happening. He created a market for electric cars and now the Chinese are going to take it away from him.

Glad I never invested in any of his companies.

Totally this,

Musk seems to have assumed (like TrumpCo.) that the entire world would bow at his feet after January 20th.

At the end of the day, it is the sheer arrogance of it all that is so shocking and yet naive.

For Musk...I get that he paid 275 million to buy the presidency and because he only runs on Ketamine and fumes, he really thought that he would be able to order the entire globe to do what he wanted.

Now his DOGE days are coming to a close, he has totally lost his customer base for teSSla and Starlink, he is universally hated and mocked, and his pet president fucked him over with tariffs on Chyna. He is either doing it himself or relying on some party to prop up the share price for teSSla while sales collapse and people savage him when he tries to play on-line games himself instead of having his paid flunkies do it 24/7.

Musk and Trump have driven Europe (and likely Canada and Mexico) into the trade sphere of China because even though we may not like their politics, China hates chaos and disruption and is likely to be a stable economic partner, unlike the US.

 

[rareboy]

Pretty much as my earlier comments.

We are done. It is all meaningless at this point.

China knows that the way to play is to basically shut down the markets for US imports. Hopefully the US taxpayers enjoy bailing out all the farmers (again) who have likely lost the China markets for good.

 

[KaraBulut]

And look what the EU just did that hits the shadow President pretty hard:

https://www.reuters.com/business/autos-transportation/eu-china-start-talks-lifting-eu-tariffs-chinese-electric-vehicles-handelsblatt-2025-04-10/

The European Union and China have agreed to look into setting minimum prices of Chinese-made electric vehicles instead of tariffs imposed by the EU last year, a European Commission spokesperson said on Thursday...

EU trade commissioner Maros Sefcovic spoke with Chinese Commerce Minister Wang Wentao in the last 24 hours and both sides agreed to look into setting minimum prices, the EU spokesperson said.

China's Commerce Ministry said in a statement that negotiations were set to start immediately.

 

[rareboy]

Trump and Navarro could have saved the whole world a lot of fucking time and trouble.

 

[Norri]

Does anyone here believe that if Trump succeeds in bringing manufacturing back to the US that manufacturing jobs will follow? Manufacturing jobs have been lost this century but that would be hard to discern if one only looked at the total value of our manufactured products.

I’ve heard one democrat whose name I forget but he was a rep who mentioned the word robotics, I’ve yet to hear a republican use that word.

The US is a high cost manufacturing country it’s the robots which will make that which we produce competitive.

It’s a bit sad as both Covid and the war in the Ukraine has shown that we do need to start manufacturing certain things on our own but not bathroom hampers and Trump et all don’t see that distinction at all…….its all the same to them.

 

[rareboy]

Does anyone here believe that if Trump succeeds in bringing manufacturing back to the US that manufacturing jobs will follow? Manufacturing jobs have been lost this century but that would be hard to discern if one only looked at the total value of our manufactured products.

I’ve heard one democrat whose name I forget but he was a rep who mentioned the word robotics, I’ve yet to hear a republican use that word.

The US is a high cost manufacturing country it’s the robots which will make that which we produce competitive.

It’s a bit sad as both Covid and the war in the Ukraine has shown that we do need to start manufacturing certain things on our own but not bathroom hampers and Trump et all don’t see that distinction at all…….its all the same to them.

hahahaha

Third world manufacturing has subsidized the mythology of the North American wealth.

C'mon. Get real.

In Canada, under NAFTA we saw all of our manufacturing shift down to the southern US and Mexico....because it doesn't take a fucking rocket scientist to figure out that there are no winter energy costs. and that people would work for much less than people who have to fucking shovel snow and heart their houses.

And somehow we survived. Because of our natural resources (oil and minerals). While the US ate our fucking lunch. Only the Autopact saved us from becoming as wrecked as the rust belt in the US.

And then the corporations shifted it to other warm second and third world countries where people would work for even less.

If robots could replicate all cheap humna labour...they would have by now.

The fact is, manufacturing will shift to third world slave economies no matter what.

The fantasy that manufacturing will magically return to invest billions in factories in North America is almost porno kink. The fascist corporate overlords absolutely giggle at the naivete behind this notion.

 

[KaraBulut]

A pundit used a metaphor, that the garbage needed to be taken out, so Trump set the house on fire claiming that it would solve the garbage problem. Then he panicked and put out the fire, leaving us with a half-burned house.

No one wants to take a risk on a half-burned house.

No companies are going to build manufacturing plants here for anything that isn't high tech. We already have chip plants being built from the Biden-era CHIPS Act (unless Congress defunds that). The only "manufacturing" plants that will have jobs are in industries that no one wants to work in- like meat processing plants.

What we're witnessing is the self-immolation of the American economy. China is just getting new customers, so it's likely we're going to see a recession that results in layoffs and shutdown of low-skilled manufacturing and processing plants.

 

[rareboy]

The quiet part. Out loud.

 

[rareboy]

 

[rareboy]

Woman who has helped enable the autocrat during his first term and now into his second says what?