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

[I am not Sherlock H.]

This circa 2004 CNN interview with the now president was conducted by Wolf Blitzer: “Trump in 2004: 'I love bad markets'”

And in that interview, Trump was noted to have stated "You can do very well in a bad market."

https://www.cnn.com/videos/politics/2016/05/25/donald-trump-i-love-bad-markets-2004.cnn

Leads some, me included, to wonder if this is perhaps being done with a similar measure? SMH. Surely hope this is being investigated. MOO

 

[I am not Sherlock H.]

Rolling Stone online April 4, 2025 article by Nikki McCann Ramirez and Asawin Suebsaeng entitled “Trump Shares Video About How He is ‘Purposely Crashing the Stock Market’”:

Trump Shares Video About How He Is 'Purposely Crashing the Stock Market'

Donald Trump shared a video claiming he was intentionally crashing the stock market, prompting confusion from his supporters.

www.rollingstone.com

The article states that allies of the president and ex-officials told Rolling Stone they were “at a loss for words” when asked about the video.

Whether or not this is being done either deliberately or by other means, needs to IMO be investigated. And if other action needs be taken to prevent such or correct for it that is also IMO warranted.

And if any action is deliberate this is affecting people’s financial soundness and well being. SMH. MOO

 

[IzzyBlanche]

Call me cynical, but who would investigate it? Pam Bondi's Justice Department?

 

[Summerliz03]

Call me cynical, but who would investigate it? Pam Bondi's Justice Department?

And this is why Trump has done what he has leading up to this - putting in loyalists who will not challenge him. He put everything into place in the last 2 months and now there is no one left in the government who will be able to push back. The Justice Dept has literally said they will not investigate basically anything that Trump will do. It’s horrific all just MOO

 

[Herat]

Rolling Stone online April 4, 2025 article by Nikki McCann Ramirez and Asawin Suebsaeng entitled “Trump Shares Video About How He is ‘Purposely Crashing the Stock Market’”:

Trump Shares Video About How He Is 'Purposely Crashing the Stock Market'

Donald Trump shared a video claiming he was intentionally crashing the stock market, prompting confusion from his supporters.

www.rollingstone.com

The article states that allies of the president and ex-officials told Rolling Stone they were “at a loss for words” when asked about the video.

Whether or not this is being done either deliberately or by other means, needs to IMO be investigated. And if other action needs be taken to prevent such or correct for it that is also IMO warranted.

And if any action is deliberate this is affecting people’s financial soundness and well being. SMH. MOO

There need to be consequences for his utterly irresponsible behaviours.

 

[I am not Sherlock H.]

Call me cynical, but who would investigate it? Pam Bondi's Justice Department?

I hear you @IzzyBlanche …. but let’s not give hope up just yet. Just perhaps something will come to be.

And the department you cite, I concur. As presently situated. If I was leading it I would have it looked into. Wish I was capable. The apparent manipulation of this…… if as being reported, not to mention other matters on an international basis, are IMO so utterly improper. MOO

 

[Cedars]

This circa 2004 CNN interview with the now president was conducted by Wolf Blitzer: “Trump in 2004: 'I love bad markets'”

And in that interview, Trump was noted to have stated "You can do very well in a bad market."

https://www.cnn.com/videos/politics/2016/05/25/donald-trump-i-love-bad-markets-2004.cnn

Leads some, me included, to wonder if this is perhaps being done with a similar measure? SMH. Surely hope this is being investigated. MOO

However, since he hasn't exactly kept his tariff plans secret, I don't think this counts as 'insider trading'. Especially as it's not just one stock, but across the board.

Anyone who believes the tariffed future is bright can buy up stocks. To them, it's a fire sale. If Trump keeps the tariffs, then it's anyone's guess whether the market will fall further, or zoom higher. It also depends on a person's timeline.

Now, if Trump cancels the whole thing on Monday, there will be a lot of anger.

JMO

 

[I am not Sherlock H.]

However, since he hasn't exactly kept his tariff plans secret, I don't think this counts as 'insider trading'. Especially as it's not just one stock, but across the board.

Anyone who believes the tariffed future is bright can buy up stocks. To them, it's a fire sale. If Trump keeps the tariffs, then it's anyone's guess whether the market will fall further, or zoom higher. It also depends on a person's timeline.

Now, if Trunp cancels the whole thing on Monday, there will be a lot of anger.

JMO

Yes @Cedars I do not disagree.

And I am not necessarily considering ‘insider trading’. But hoping some financial individuals, and ones much more adept than I am can weigh in and go on record.

IIUC there is a term referred to as ‘market manipulation’ and certain States’ Attorneys have invoked and prosecuted individuals for it. It may also relate to securities and investments. And if prosecuted at the state level that would not be a pardonable federal offense. MOO

 

[SouthAussie]

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.

No. What happened is explained in a couple of posts here.

One is this article posted by @Trooper. It explains about the Bill of Lading from specific shipments being input incorrectly. The Guardian has reviewed the Bill of Lading database.

Eg:
- Timberland men’s ankle boots came from 200 Domain Drive, Stratham, New Hampshire - mis-input as coming from 200 Domain Drive, Stratham, Norfolk Island
- OASE (aquariums and fountains) sent goods from Norfolk in the UK - mis-input as coming from Norfolk Islands
- Novum Structures (steel equipment) sent goods from Norfolk, UK - mis-input as coming from Norfolk Islands
- Starlinger Co (PET recycling plant) in Vienna, Austria - mis-input as coming from Vienna, Heard Island and McDonald Islands

Not that Norfolk! Mislabelled shipments led to Trump tariffs on uninhabited islands and remote outposts with no US trade


The other post that explains further, is this one by @SusanDonim .....

Some years ago I worked with import and export statistics.

You could spot the obvious reporting errors in trade datasets easily, such as exports of unlikely goods from uninhabited islands.

Often as simple as a dropdown menu item that was clicked incorrectly, then not picked up during data cleansing...

 

[LovesPeace2]

• The Trump administration's new tariffs will likely mean higher prices for household staples such as coffee, toilet paper and bananas.
• https://www.cnbc.com/2025/04/03/trump-tariffs-banana-coffee-toilet-paper-prices-could-rise.html

 

[SouthAussie]

Canadians, Australians and the UK know that people in the USA cannot understand the concept of unbiassed fact-based journalism. Although it must have existed at one time in the USA, over the years it has been lost in the murky depths of propaganda. Today, people in the USA believe that unbiassed fact is an illusion.

For example, CBC news could not, would not be allowed, to replace the word "deficit" with "subsidy", exaggerate $63M to $250B and go unchallenged. They would be forced to issue a correction.

The answer is here:

https://cbc.radio-canada.ca/en/vision/governance/journalistic-standards-and-practices

I agree. Our public media reports the facts, without opinions.

And even our non-public media is held to a Code of Ethics. One complaint to the oversight body and there is a retraction, sometimes a lawsuit.

Doesn't mean we can skip the sensationalist Daily Mail though, and Sky News Australia is pretty 'out there', unfortunately. But they are a couple of easily identifiable often-poor sources.

imo

 

[Herat]

No. What happened is explained in a couple of posts here.

One is this article posted by @Trooper. It explains about the Bill of Lading from specific shipments being input incorrectly. The Guardian has reviewed the Bill of Lading database.

Eg:
- Timberland (men’s ankle boots) came from 200 Domain Drive, Stratham, New Hampshire - mis-input as coming from 200 Domain Drive, Stratham, Norfolk Island
- OASE (aquariums and fountains) sent goods from Norfolk in the UK - mis-input as coming from Norfolk Islands
- Novum Structures (steel equipment) sent goods from in Norfolk, UK - mis-input as coming from Norfolk Islands
- Starlinger Co (PET recycling plant) in Vienna, Austria - mis-input as coming from Vienna, Heard Island and McDonald Islands

Not that Norfolk! Mislabelled shipments led to Trump tariffs on uninhabited islands and remote outposts with no US trade


The other post that explains further, is this one by @SusanDonim .....

How can people of such pathetically irresponsible ignorance of trade, as well as an inability to demand audits and correct statistics be enabled to make such huge decisions?

You could not possibly run a grocery store with the kind of work that comes out of Trump or his chosen acolytes. Come to think of it, you could not possibly run a casino with that kind of superficial and sloppy work, and that's why Trump is a failure as a businessman and just a shouty, grifting criminal.

 

[mmeynstyn]

California to negotiate trade with other countries to bypass Trump tariffs

Gov. Gavin Newsom said California will look for new trade opportunities.

www.newsweek.com

California Governor Gavin Newsomsaid he has directed his administration to "look at new opportunities to expand trade" as he tries to steer his state around President Donald Trump's sprawling import tariffs.

In a post on X, Newsom addressed the U.S.'s global trading partners, writing "California is here and ready to talk."

It comes after a Fox News report revealed that Newsom is directing his state to pursue "strategic" relationships with countries announcing retaliatory tariffs against the U.S., urging them to exclude California-made products from those taxes.

I wish our Gov. would do something similar. West Coast Democratic states unite. Hmmm.

 

[SouthAussie]

I think we’ve been headed in this direction for a while now. Whether it be President Trump or someone else it was bound to happen. The fast rate that the US is accumulating debt is unsustainable. I’ve always been an America first person. And it should go without saying, every other country puts themselves first.

I am more concerned about future generations than the price of a McDonald’s hamburger.

The article I’m quoting is from 2022. There are a few things here that I think are important. imo

The Charan doctrine is that the rivalry between national spheres of influence is a three-legged stool made up of political, military and economic strengths. Like a three-legged stool, the legs are interdependent. Without relative economic strength, the sphere’s political and military strength will decay over time. As the autocracies’ relative economic strength increases, so will their political and military strength.

Just as no nation can compete over time with another nation on which it is dependent for military resources, no nation or sphere can compete effectively with its rival who controls its supply chain and accumulates trillions of trade surplus and hard dollar currency.

Why Economic Self-Sufficiency Is Imperative In The Coming US-China Reset, Per Ram Charan

CEO advisor and author Ram Charan is convinced that the US and its allies need a three-year action plan to regain superior economic self-sufficiency and stem the chronic, growing trade deficit and capital outflows to the country that has announced its intention to out-compete them.

www.forbes.com

I have a clear understanding of tariffs. My life has been in businesses dealing with exporting and more recently importing, heavy equipment. I realize there’s no way to be self-sufficient in all things. And it will still be cheaper to import. But in my opinion it’s as good a time as any to start.

As they say, put your oxygen mask on first, before you help others.

IMO

Appreciate you explaining your viewpoint.

I think what it likely boils down to is the difference between an "America First" view as compared with a "One World" view.

imo

 

[TootsieFootsie]

We're all in this world together

 

[Trooper]

I think we’ve been headed in this direction for a while now. Whether it be President Trump or someone else it was bound to happen. The fast rate that the US is accumulating debt is unsustainable. I’ve always been an America first person. And it should go without saying, every other country puts themselves first.

I am more concerned about future generations than the price of a McDonald’s hamburger.

The article I’m quoting is from 2022. There are a few things here that I think are important. imo

The Charan doctrine is that the rivalry between national spheres of influence is a three-legged stool made up of political, military and economic strengths. Like a three-legged stool, the legs are interdependent. Without relative economic strength, the sphere’s political and military strength will decay over time. As the autocracies’ relative economic strength increases, so will their political and military strength.

Just as no nation can compete over time with another nation on which it is dependent for military resources, no nation or sphere can compete effectively with its rival who controls its supply chain and accumulates trillions of trade surplus and hard dollar currency.

Why Economic Self-Sufficiency Is Imperative In The Coming US-China Reset, Per Ram Charan

CEO advisor and author Ram Charan is convinced that the US and its allies need a three-year action plan to regain superior economic self-sufficiency and stem the chronic, growing trade deficit and capital outflows to the country that has announced its intention to out-compete them.

www.forbes.com

I have a clear understanding of tariffs. My life has been in businesses dealing with exporting and more recently importing, heavy equipment. I realize there’s no way to be self-sufficient in all things. And it will still be cheaper to import. But in my opinion it’s as good a time as any to start.

As they say, put your oxygen mask on first, before you help others.

IMO

You have not referred to the actual problem .... why is America in so much debt. ? This, surely, is no one else's problem or fault, not even the strictest MAGA Trumper could hold that position with any credibility.... why would these tariffs, and the accompanying insults and slurs from your leader change that inherent problem that Americans appear to have, which is, the habitual propensity to fall into debt.

Personal debt, national debt, state debt, town debt. It's like a drug, in many ways, and like most drug addicts the reason is always some one else's fault, ' I was told to take it'.. ' I liked the look of it ' ; I had hoped it would soothe my nerves ..... ' ' I like myself better when I am high'.... All this and so much more.... can Americans prevent themselves from falling into huge debt? Is there the political will in the USA to achieve this?? if not, and I suspect there is not, nothing, nothing will change.

In fact, this current program is going to increase personal, state, town, national debt like never before... once recession hits, it's game over for the USA.

As they say, make sure the pilot is sober and qualified and in particular, sane.. , then there'll be no need to worry about the oxygen mask..

 

[Herat]

You have not referred to the actual problem .... why is America in so much debt. ? This, surely, is no one else's problem or fault, not even the strictest MAGA Trumper could hold that position with any credibility.... why would these tariffs, and the accompanying insults and slurs from your leader change that inherent problem that Americans appear to have, which is, the habitual propensity to fall into debt.

Personal debt, national debt, state debt, town debt. It's like a drug, in many ways, and like most drug addicts the reason is always some one else's fault, ' I was told to take it'.. ' I liked the look of it ' ; I had hoped it would soothe my nerves ..... ' ' I like myself better when I am high'.... All this and so much more.... can Americans prevent themselves from falling into huge debt? Is there the political will in the USA to achieve this?? if not, and I suspect there is not, nothing, nothing will change.

In fact, this current program is going to increase personal, state, town, national debt like never before... once recession hits, it's game over for the USA.

As they say, make sure the pilot is sober and qualified and in particular, sane.. , then there'll be no need to worry about the oxygen mask..

Every President has started off with a vow to reduce waste in the Federal Government. Most have made some modest, targeted changes.

However, no President has taken a chain saw to the Federal Goverment programs and employees and then tried to claw back what turn out to be essential workers and programs.

 

[Herat]

I don't watch Jim Cramer on investing. Always found him to be very noisy and was not really giving information on what I was interested in. He does have an interview on CNN today that was interesting.

He says that he "feels like a sucker," believing Trump and his advisors were going to approach tariffs in a educated and well-advised way.

He also called Trump's analysis and roll out as "bush league". Despite having good solid advisors, his choices did not fufill solid principles or credibility.

 

[SouthAussie]

You have not referred to the actual problem .... why is America in so much debt. ? This, surely, is no one else's problem or fault, not even the strictest MAGA Trumper could hold that position with any credibility.... why would these tariffs, and the accompanying insults and slurs from your leader change that inherent problem that Americans appear to have, which is, the habitual propensity to fall into debt.

Personal debt, national debt, state debt, town debt. It's like a drug, in many ways, and like most drug addicts the reason is always some one else's fault, ' I was told to take it'.. ' I liked the look of it ' ; I had hoped it would soothe my nerves ..... ' ' I like myself better when I am high'.... All this and so much more.... can Americans prevent themselves from falling into huge debt? Is there the political will in the USA to achieve this?? if not, and I suspect there is not, nothing, nothing will change.

In fact, this current program is going to increase personal, state, town, national debt like never before... once recession hits, it's game over for the USA.

As they say, make sure the pilot is sober and qualified and in particular, sane.. , then there'll be no need to worry about the oxygen mask..

The US debt began its rise during George W Bush's presidency in 2001. Then it suffered another steep climb during 2008, still in George W Bush's presidency. Then it jumped into a totally vertical line upwards during Trump's 2020 year.

It has never dropped back at all since 2001. Just climb, climb, climb .....

I think a lot of the climb is exacerbated by the interest payable on that debt.

US Debt – How Much and Who - Shartru Wealth Management

US federal debt has reached $36 trillion, with rising servicing costs and foreign ownership patterns raising questions about sustainability and economic impact.

www.shartruwealth.com.au

 

[Summerliz03]

Also, of the 11 recessions we’ve had in modern history, 10 of them have been under a republican president.

The U.S. Economy Performs Better Under Democratic Presidents - The U.S. Economy Performs Better Under Democratic Presidents - United States Joint Economic Committee

www.jec.senate.gov

The economy performs better with a democratic president and most modern republican presidents have inherited a good economy and then throughout their term, the economy has gotten weaker. Republicans have always run on being the “fiscally responsible” party but that’s just not what the studies and history shows us. IMO.