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

[Herat]

I agree. I just, last year, replaced my washer made in 1973. It finally developed a leak. Now I wish I had tried to repair it. The replacement brand new washer does a terrible job.

I think the quality of Japanese, then Korean made automobiles has been world-recognized and has shown up the US auto quality.

 

[Herat]

Trump and his advisors and cabinet seem to be forgetting the old saying;

When you are in hole, stop digging.

 

[TootsieFootsie]

The other side lifting Tariffs is not what Trump wants.
He wants to feel like he's coming out on top. Coming out equal just doesn't cut it.

 

[Herat]

Trump is a victim of self-induced severe Sunk Cost Fallacy:

"The sunk cost fallacy is a tendency to continue investing resources (time, money, effort) in a project or endeavor, even when it's clear that the investment is no longer worthwhile, because of the resources already invested. "

 

[Herat]

The other side lifting Tariffs is not what Trump wants.
He wants to feel like he's coming out on top. Coming out equal just doesn't cut it.

This seems like mental illness and absolute disregard for the welfare of the US, The Constitution, and the welfare of all Americans.

He's on the top of a 10,000 ft tall ladder and terrified to back down, and his advisors are standing at the bottom ready to bolt should he fall.

 

[Herat]

The other side lifting Tariffs is not what Trump wants.
He wants to feel like he's coming out on top. Coming out equal just doesn't cut it.

China is always in it for the long term.

Trump is swinging in 24 hour cyles and making very large strategic mistakes in refusing to attempt to understand China and keep lines of communications open. China has already made some strategic moves that will allow them to continue on.

Trump keeps undermining his own work and China is just letting him fall on his face. The rest of the world economies are just sitting and watching the complete failure of the US economic and trade policy, with appropriate caution to move slowly.

Not even one week since the Tarriff Wheel of MisFortune was revealed and Trump can't hold it together.

 

[otto]

They are moving to trigger ACI, negotiations have failed with the Trump administration

moo

Agreed. The anti-coercion instrument ... first step is negotiation. If that fails, countermeasures are implemented, including the option of countermeasures on the government official responsible for the coercive action.

I'm curious whether countermeasures will include tariffs on EU alcohol.

 

[Lyanna]

Agreed. The anti-coercion instrument ... first step is negotiation. If that fails, countermeasures are implemented, including the option of countermeasures on the government official responsible for the coercive action.

I'm curious whether countermeasures will include tariffs on EU alcohol.

Quite likely, I'm thinking they will tariff tech if they've found a way round it's complexities. That would hurt

Moo

 

[Mo Thuairim]

Trump threatens additional 50% tariff on China​

Trump says US will impose additional 50% tariff on China if Chinese tariff on US goods not withdrawn

Donald Trump has threatened a further 50% tariff on China if it does not withdraw the 34% tariff increase it imposed on imports from the US in response to US tariffs.

The additional 50% would come into effect on 9 April.

Mr Trump also said that negotiations with other countries, who have requested meetings, will start immediately.

The US president has been posting the updates on his Truth Social account.

Trump says all meetings with China terminated

US President Donald Trump has said that all talks with China concerning any meetings requested regarding tariffs will be terminated.

"Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately," Mr Trump said in a post on Truth Social.

As it happened: Trump threatens 50% China tariff hike

Read back through live updates as President Donald Trump said he was not looking at a pause in US tariffs, and threatened to impose an additional 50% tariff on China.

www.rte.ie

 

[musicaljoke]

rsbm

well, the economy does influence fashion too! i can imagine big diamonds, and in general displays of wealth, besides being unaffordable also starting to feel a bit off for many people

MSN

​

Recession Indicators Don’t Just Hit Wall Street—They Hit Fashion, Too​

Yes, you are right. Historically, as the economy worsens, skirts get longer, fuller and require more fabric. It's counter-intuitive. It's called the Hemline Index.

Hemline index - Wikipedia

en.wikipedia.org

 

[BayouBelle_LA]

The European Union has offered the United States an agreement on the reciprocal lifting of all tariffs on industrial goods, European Commission President Ursula von der Leyen announced on Monday, days before 20% tariffs on EU exports enter into force.

"Europe is always ready for a good deal, so we keep it on the table," von der Leyen told reporters in Brussels.

MSN

 

[musicaljoke]

@otto otto otto.... Thank you so much for your detailed reports of the farmlands. This is such a vast part of our country that includes so many states. ...

The devil IS in the details...... I wouldn't have known enough about the farm equipment , potash, and fertilizers. thank you.
And this devil in the details is unknown to all the people that are holding their breath, and believing tRumps rattlings THAT HAS NO DETAILS.
I have been worried about sick about all the farmers and workers in the Farmland since day 1. Everyone in the US should be worried about them at this point.

all moo... but geeeeez this is real.

I am worried sick about your farmers too, and I am in Canada. I am so sorry that all this is happening and that your farmers will feel the effects so drastically. With near world wide boycott of American imports, will it even be worth putting crops in the ground? I hope this gets sorted out immediately, because seeding time is now.

 

[musicaljoke]

E.U. seeks unity in first strike back at Trump tariffs

If the response is approved, the bloc would join China and Canada in imposing retaliatory tariffs in an early escalation of what some fear will become a global trade war.

www.nbcnews.com

BRUSSELS — European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump’s tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of U.S. imports from dental floss to diamonds.

[…]

The European Commission, which coordinates EU trade policy, will propose to members late on Monday a list of U.S. products to hit with extra duties in response to Trump’s steel and aluminum tariffs rather than the broader reciprocal levies.

It is set to include U.S. meat, cereals, wine, wood and clothing as well as chewing gum, dental floss, vacuum cleaners and toilet paper.

One product that has received more attention and exposed discord in the bloc is bourbon. The Commission has earmarked a 50% tariff, prompting Trump to threaten a 200% counter-tariff on EU alcoholic drinks if the bloc goes ahead.

They could do as Canada did. American liquor products were returned for refund, and a new order would not be placed until the tariff issue is resolved.

 

[BayouBelle_LA]

TOKYO, April 7 (Reuters) - Japanese Prime Minister Shigeru Ishiba said on Monday the government will continue to ask U.S. President Donald Trump to lower tariffs against Japan, but acknowledged results "won't come overnight.
(…)
Ishiba also said he was willing to visit the United States for a meeting with Trump as soon as possible. "But in doing so, we must ready a package of steps on what Japan could do," he added.

https://www.reuters.com/world/japan/japan-will-ask-us-cut-tariffs-results-wont-come-overnight-pm-ishiba-says-2025-04-07/

 

[musicaljoke]

I stand corrected. Harris is somewhat forgettable. I forgot about her. As a political leader running for president, she must be one of the most important politicians in the USA. I haven't heard anything from her regarding Trump's war against most of the world. Why is she so quiet?

It might not be that she is so quiet. It's possible that the official opposition party does not get press as it would in Canada.

 

[Mo Thuairim]

EU would rather negotiate US tariffs, but will start collecting duties next week​

The European Union said it would start collecting retaliatory duties on some imported US goods next week, as EU trade ministers agreed they preferred negotiations to remove tariffs imposed by President Donald Trump over retaliation.

The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars and "reciprocal" tariffs of 20% for almost all other goods under Mr Trump's policy to hit countries he says impose high barriers to US imports.

Ministers overseeing trade met in Luxembourg to debate the EU's response, as well as discuss relations with China. Many said the priority was to launch negotiations and avert an outright trade war.

[...]

European Commission President Ursula von der Leyen told a press conference in Brussels that the EU stood ready to negotiate a "zero-for-zero" tariff pact for industrial goods.

"Sooner or later, we will sit at the negotiation table with the US and find a mutually acceptable compromise," EU Trade Commissioner Maroš Šefčovič told a news conference.

He also said the EU would start collecting a first tranche of targeted retaliatory duties on US imports from 15 April and a second wave from 15 May, in reaction to the US tariffs on European steel and aluminium.

He also made clear that while preferring to negotiate the removal of the tariffs with the US, the EU was ready to step up its response. This could include the EU's Anti-Coercion Instrument (ACI), which would allow it to target US services or to limit US companies' access to public procurement tenders in the EU.

[...]

EU will start collecting duties on US imports next week

The European Union said it would start collecting retaliatory duties on some imported US goods next week, as EU trade ministers agreed they preferred negotiations to remove tariffs imposed by President Donald Trump over retaliation.

www.rte.ie

 

[otto]

I don't believe this statement from Trump. The EU contacted the USA, offered zero tariffs, the response was not appropriate. Trump appears to be bragging, exaggerating, and trying to give the impression that he the global ruler who dictates foreign government policy.

"Last night it was announced that more than fifty countries have contacted the US to discuss the import duties. President Trump has spoken to European and Asian leaders, but he is not prepared to reverse the decision if there is no change in the trade balance. Trump believes that China, Canada, Mexico and the European Union in particular sell too much to the US and buy too little American goods themselves."

Beperkte verliezen op Amerikaanse beurs • Trump dreigt met extra heffing voor China

Door de aangekondigde importheffingen van de VS gaan beurzen opnieuw hard onderuit. In dit blog houden we je op de hoogte van wat er gebeurt en wat het betekent.

nos.nl

 

[musicaljoke]

Really hope we get various Canadian responses to this...........

We are a member of the British Commonwealth, and for me, that's enough. We don't need to hitch our wagon economically to any other countries. Canada has a strong and stable economy which is designed to meet the needs of Canadians. Why complicate it?

 

[otto]

Secretary of Commerce Lutnik is making gigglingly euphoric predictions of a return to a prosperous US economy by 4th Quarter 2025 ( ie: September). That is only 5 months from now. Consumer confidence is low and fallilng, as ordinary people see their savings and retirement funds dropping significantly. If consumer confidence is low, people stop making purchases and as there are few all-US non-tariff options out there, whatever "revenue" Lutnik thinks is going to break out in the next 5 months is all wishful thinking. Oh, and all those manufacturing plants are going to be up and running in 5 months?

Tesla has dropped below the level Lutnik says they would never get to.

Major US investment and financial CEOs are all diametrically opposite of Lutnik, as well as European heads are saying long-term damage has been done.

Lutnik is an outlier regarding futures markets.

"Goldman Sachs now forecasts there is a 45% chance the US will fall into recession in the next 12 months - up from a previous estimate of 35% - as the investment banking giant lowered its economic growth forecast for the country.

Other Wall Street firms have also revised their recession forecasts in the wake of Trump's tariff announcement. JPMorgan now sees a 60% chance of a US and global economic downturn."

Asian stocks see their worst drop in decades after Trump tariffs

Asian markets from Tokyo to Sydney plunged amid increasing fears of a global economic downturn.

www.bbc.com

 

[MelmothTheLost]

I don't believe this statement from Trump. The EU contacted the USA, offered zero tariffs, the response was not appropriate. Trump appears to be bragging, exaggerating, and trying to give the impression that he the global ruler who dictates foreign government policy.

AKA "willy waving".