Canada, Greenland, Mexico, etc - USA Tariffs / Trade War commencing March 2025 #4

[TootsieFootsie]

It takes a whole world of cooperation to keep people alive, fed, clothed, housed, educated, healthy, moving and entertained etc.

 

[TootsieFootsie]

Whatever goes wrong I believe there are many who will never attach any blame at all to Trump.

 

[sds71]

• China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
• The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
• U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.

https://x.com/JakeSherman

China with 34% tariff on U.S. goods.
"Separately, China’s Ministry of Commerce said it was adding 11 American companies to its list of “unreliable entities,” essentially barring them from doing business in China or with Chinese companies. And the ministry imposed stringent limits on exports of certain rare earth elements that are mined almost exclusively in China and are used in everything from electric cars to smart bombs."https://nytimes.com/2025/04/04/bus

https://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html

 

[SouthAussie]

And the ministry imposed stringent limits on exports of certain rare earth elements that are mined almost exclusively in China and are used in everything from electric cars to smart bombs.

This, unfortunately, may not bode well for Ukraine or Greenland, in terms of what the US is trying to get from them. Meaning in the way in which they are trying to get these things, not if they were profitable agreements for Ukraine and Greenland.

imo

Greenland possesses deposits of rare earth elements, which are prized for their role in energy transition technologies but accessible in only a few locations worldwide. Link

Ukraine has significant deposits of rare earth metals. These are a group of 17 elements that are used to produce weapons, wind turbines, electronics and other products vital in the modern world. Link

 

[Sarahlou]

Whatever goes wrong I believe there are many who will never attach any blame at all to Trump.

Agreed. Reminds me of brainwashed cult members.

 

[iamshadow21]

Trump says China 'panicked' by slapping 34 per cent tariffs on US

The move to increase levies on US goods comes after Donald Trump announced sweeping tariffs on countries including China.

www.abc.net.au

Beijing has also announced controls on exports of medium and heavy rare-earths to the United States.

 

[SouthAussie]

"Levies imposed by US President Donald Trump this week include 21% on top cocoa producer Ivory Coast and 46% on No. 2 coffee grower Vietnam ..... the world’s top arabica [coffee] grower Brazil has been hit by a lower 10% baseline tariff

That’s bad news for an intricate global food system providing everyday goods that many people take for granted."

Tariff War Threatens to Fracture Peak Global Food Trade

The global food trade that delivers everything from fruit to coffee around the world faces being fractured by the escalating tariff war.

www.bloomberg.com

 

[iamshadow21]

"Levies imposed by US President Donald Trump this week include 21% on top cocoa producer Ivory Coast and 46% on No. 2 coffee grower Vietnam ..... the world’s top arabica [coffee] grower Brazil has been hit by a lower 10% baseline tariff

That’s bad news for an intricate global food system providing everyday goods that many people take for granted."

Tariff War Threatens to Fracture Peak Global Food Trade

The global food trade that delivers everything from fruit to coffee around the world faces being fractured by the escalating tariff war.

www.bloomberg.com

Guess the US had better learn to love chicory and do without chocolate. It can't very well grow cocoa and coffee itself.

MOO

 

[TootsieFootsie]

If people figure out that prices are going to go up, I wouldn't be surprised if there might be a rush on supermarket, grocery stores for a start. Then non food items.
Trying to get what's left of products at the old price.

The thing is though, I think his followers truly believe that Trump will make prices go down.

 

[iamshadow21]

If people figure out that prices are going to go up, I wouldn't be surprised if there might be a rush on supermarket, grocery stores for a start. Then non food items.
Trying to get what's left of products at the old price.

The thing is though, I think his followers truly believe that Trump will make prices go down.

IMO, it's going to make the toilet paper shortages during COVID look trivial.

The preppers and couponers and LDS who have food stores (welfare) will get to be smug for a little while, they'll have things put by. But panic is ugly. People resort to primal instincts, and there's not many instincts more primal than those around the prospect of going hungry. And this isn't one small community, it's going to affect everyone. People are going to bulk buy and try to sell to those without at extortionate rates, others will resort to theft. Organised crime is going to have a field day.

MOO

 

[ChatteringBirds]

What do those who are reading here and voted for Trump think about all of this? I would like to hear your views.

 

[LoveyG]

I want a journalist to look into investment actions by Republican senators, etc, in advance of Trump announcements.

I expect some are. At least I hope so. We aren't the only ones to mention stock shorting in recent weeks.

 

[Yellowbelly]

"Levies imposed by US President Donald Trump this week include 21% on top cocoa producer Ivory Coast and 46% on No. 2 coffee grower Vietnam ..... the world’s top arabica [coffee] grower Brazil has been hit by a lower 10% baseline tariff

That’s bad news for an intricate global food system providing everyday goods that many people take for granted."

Tariff War Threatens to Fracture Peak Global Food Trade

The global food trade that delivers everything from fruit to coffee around the world faces being fractured by the escalating tariff war.

www.bloomberg.com

Coffee is a good example of how insane all this is. The United States is the world's biggest importer of coffee. This is entirely as you would expect, as the United States is a huge, wealthy country that hasn't got the right climate or geography to grow its own coffee. No punitive level of tariff is going to stimulate domestic production, because it can't be done. All that slapping an across the board tariff on the countries that are exporting coffee to the United States will do is either make coffee more expensive for American consumers, or less profitable for American companies to sell. How does that help anyone?

 

[iamshadow21]

I expect some are. At least I hope so. We aren't the only ones to mention stock shorting in recent weeks.

Cui bono? Indeed.

MOO

 

[SouthAussie]

"According to research from Clarify Capital, 34% of Americans have stopped purchasing eggs as prices for the breakfast staple are becoming less affordable.

The study found that nearly 95% of Americans have noticed the significant rise in egg prices, with shoppers reporting their perceived average as $7 a dozen.

..... it seems that a large portion of Americans believe that the government, Democratic or Republican, is culpable for egg prices.

The US has turned to other countries .... in hopes of collecting more eggs, but has seen little success so far."

About a third of Americans stop buying eggs due to rising costs, study shows

Data says 34% of those in US stopped purchasing breakfast staple and won’t buy again until costs lower to $5 a carton

www.theguardian.com

 

[TootsieFootsie]

That's it. A quite large proportion of people will choose to do without something when it reaches a price that they are not willing to pay.

 

[DS2021]

Too good not to share

 

[iamshadow21]

Too good not to share
View attachment 576360

Good news! It's just one penguin responsible. I found a picture of the culprit!

 

[Cryptic]

well. . that would knock out MacDonald Island and Heard Island and Norfolk Island. ,,since none of those places have any truck or business with the USA...

...... OR the nerds in the Whitehouse are sillier than my little Pomeranian, ,who to this day believes she can fly like the Kookaburra, .... so which one is it?? dumb, or a negative capacity for mathematics??? or both?

Maybe neither.

Somebody, somehow, and for some reason, was able to get Norfolk Island listed as a point of origin or a Norfolk Island business license of some sort?

They then exported some goods to the US. That shipment(s) then showed up on a data list maintained by the World Bank.

 

[Snoopster]

Israel wasn't spared but Russia and North Korea were....

Sorry for that mistake. My spouse told me that was the case because he heard it on the news, but I think he mistook the fact that Israel dropped all of their tariffs on the US and that some Republicans said they were hopeful they would be dropped. I should have researched it before posting that. Mea culpa.