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

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  • #761
one radio report I heard today said that clothing manufacturers who moved from China to Vietnam during DJT's last administration just do not want to move again- DJT acts as if moving manufacturing is always going to be cheaper and easier than the tariffs.... maybe not.

The problem is that China (or Vietnam) have all the raw materials, all the supply chains, all the specialized equipment, all the low-wage but trained employees, all the huge factories within efficient proximity.

The US has none of this. They would have to buy Chinese equipment to even get started. Are they just going to put enormous clothing, shoe, or electrical factories in old malls? Won't there be zoning issues and parking / transport issues if they try to repurpose old factories? And which clothing or shoe company is going to purchase or lease expensive land, go through local zoning, hire thousands of workers and train them? Where are they going to import the raw materials from? The US does not have anywhere near enough textile or specialized fabric or plastics manufacturing to satisfy the product runs for Nike, or Columbia Sportswear, or Walmart clothing, etc.

A century-old family furniture manufacturing company in North Carolina just closed because they could not afford to bring in-house their materials and preliminary assembly that was taking place in Mexico.

Edited because I misread the intial posting, oops.
 
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  • #762

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Trump says US will impose additional 50% tariff on China if Chinese tariff on US goods not withdrawn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

exactly when did Truth Social become an official means of US Govt communication?
 
  • #763
i have to say, i’m having some schadenfreude because i bet we will have a public fallout between trump and musk soon and musk’s time as the unofficial president of the US will be over. i just hope it won’t lead to more unhinged and destructive decisions by either of them.

i have to say, i’m having some schadenfreude because i bet we will have a public fallout between trump and musk soon and musk’s time as the unofficial president of the US will be over. i just hope it won’t lead to more unhinged and destructive decisions by either both of them.

there, I fixed it for you......
 
  • #764
I'll bet that every country is waiting on China's reaction before dipping their toes into the action

Indeed, who knows maybe new alliances are being forged?

Nothing from WTO during last couple of days
 
  • #765
I'll bet that every country is waiting on China's reaction before dipping their toes into the action

Indeed, who knows maybe new alliances are being forged?

Nothing from WTO during last couple of days
China has responded with it 's special kind of hammering of a pesky nail.. news today. apart from China laying a 50% tariff on the USA, it has, overnight, without warning or discussion , without negotiation or repartee, just BANG and cop that!! it has cancelled all Liquid Natural Gas being imported from the USA. Which was the largest market the US had for LNG...

Modestly, I need to report that the country that scooped up that contract to supply LNG to China is Australia.
 
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  • #766
source familiar with California’s citrus fruit exports told Reuters in early March that Canadian retailers have canceled their orders.

The former sales head of GT’s Living Foods, based in Los Angeles, California, and known for its Synergy kombucha products, said retailers in Canada, including Walmart, have been placing orders for fewer products because of tariff uncertainty.

“The distributors for Walmart Canada, Loblaw’s L.TO, Metro and Sobey’s told us they will buy one truck instead of two trucks of products, because retailers are being cautious and they are waiting to see how this (tariff situation) will play out,” said Daniel Bukowski, who was senior vice president of sales for the company until mid-March.
This isn't really news here in Canada. All grocery stores are labelling their produce clearly (although not always correctly) by country of origin. Produce from the USA is radioactive. We are seeing stores stocking produce from Chile, Peru, Greece and many other countries that we don't normally see. I went to the store today and couldn't find carrots that weren't from USA. We just didn't buy carrots. Simple. Everyone is checking labels.

Canadians understandably hate the US admin for it's unfair and bullying actions. And now the rest of the free world (and not-free world) is joining us.

Imagine taking actions so inappropriate that China, Japan and S.Korea decide to work together!! These are countries with a very LONG history of animosities. Trump solved that in a couple of months.

Countries saw how Trump treated Canada (and Mexico, and Denmark/Greenland) and immediately knew that there was no reasoning with him. USA is not a reliable trading partner. They can't be trusted.
 
  • #767
As a indication of some real powerful alliances taking place, stock markets around the world , APART from the USA have bounced back a bit today the trend is upwards, small leaps, but definitely on the upward direction.. the Nikkei, the Shanghai , the Euronext, the London FTSE ( not a large bounce but certainly a real up-ish movement.. Deutsche up, too not big leaps but nonetheless, UP.
 
  • #768
I'll bet that every country is waiting on China's reaction before dipping their toes into the action

Indeed, who knows maybe new alliances are being forged?

Nothing from WTO during last couple of days

Trumps increasing "pressure games" are antithetical to the customary timing of trade talks, which deliberately go on for years or months.

His sleazy sales gimmicks "Capitulate NOW or the tariff goes up 50%" are so similar to the skeevy used car salesman or shouty annoying TV infomercials that are nothing but high-pressure sales tactics. Perhaps that works in NYC mob boss real estate deals. International business should not be handled in this manner.

His drama-inducing deadlines are ridiculous in dealing with complex financial negotiations.

No one wants to engage with the flam-flam man.
 
  • #769
This isn't really news here in Canada. All grocery stores are labelling their produce clearly (although not always correctly) by country of origin. Produce from the USA is radioactive. We are seeing stores stocking produce from Chile, Peru, Greece and many other countries that we don't normally see. I went to the store today and couldn't find carrots that weren't from USA. We just didn't buy carrots. Simple. Everyone is checking labels.

Canadians understandably hate the US admin for it's unfair and bullying actions. And now the rest of the free world (and not-free world) is joining us.

Imagine taking actions so inappropriate that China, Japan and S.Korea decide to work together!! These are countries with a very LONG history of animosities. Trump solved that in a couple of months.

Countries saw how Trump treated Canada (and Mexico, and Denmark/Greenland) and immediately knew that there was no reasoning with him. USA is not a reliable trading partner. They can't be trusted.

Have you been to a Canadian Costco?

My US Costco had a lot of stuff labeled "Distributed in the US from imported materials" , which is very misleading.
 
  • #770
China has responded with it 's special kind of hammering of a pesky nail.. news today. apart from China laying a 50% tariff on the USA, it has, overnight, without warning or discussion , without negotiation or repartee, just BANG and cop that!! it has cancelled all Liquid Natural Gas being imported from the USA. Which was the largest market the US had for LNG...

Modestly, I need to report that the country that scooped up that contract to supply LNG to China is Australia.

Trooper, China imposed a 50% tariff on US? Where can we find this?
 
  • #771
The problem is that China (or Vietnam) have all the raw materials, all the supply chains, all the specialized equipment, all the low-wage but trained employees, all the huge factories within efficient proximity.

The US has none of this. They would have to buy Chinese equipment to even get started. Are they just going to put enormous clothing, shoe, or electrical factories in old malls? Won't there be zoning issues and parking / transport issues if they try to repurpose old factories? And which clothing or shoe company is going to purchase or lease expensive land, go through local zoning, hire thousands of workers and train them? Where are they going to import the raw materials from? The US does not have anywhere near enough textile or specialized fabric or plastics manufacturing to satisfy the product runs for Nike, or Columbia Sportswear, or Walmart clothing, etc.

A century-old family furniture manufacturing company in North Carolina just closed because they could not afford to bring in-house their materials and preliminary assembly that was taking place in Mexico.

Edited because I misread the intial posting, oops.
In my lifetime, garment manufacturing moved from the NY metro area to NC and then off shore. I recall shoe manufacturers in New England going off shore too. The property for the factories is (or it was up to yesterday!) too expensive- it has condos and apts now. I feel as if DJT is trying to go back not forward. IMO
 
  • #772
Have you been to a Canadian Costco?

My US Costco had a lot of stuff labeled "Distributed in the US from imported materials" , which is very misleading.
In Canada we have recently become experts in understanding "made in", "product of", "packaged in" labels.
 
  • #773
Trumps increasing "pressure games" are antithetical to the customary timing of trade talks, which deliberately go on for years or months.

His sleazy sales gimmicks "Capitulate NOW or the tariff goes up 50%" are so similar to the skeevy used car salesman or shouty annoying TV infomercials that are nothing but high-pressure sales tactics. Perhaps that works in NYC mob boss real estate deals. International business should not be handled in this manner.

His drama-inducing deadlines are ridiculous in dealing with complex financial negotiations.

No one wants to engage with the flam-flam man.
the used car sales people- not sure if the rest of the world has that stereotype but it is known in the US as exhausting and irritating.
 
  • #774
Trooper, China imposed a 50% tariff on US? Where can we find this?

China Stops Buying U.S. LNG

1744081734822.webp
Crude Oil Prices Today | OilPrice.com
https://oilprice.com › Latest Energy News




Mar 18, 2025 — China has halted all U.S. liquefied natural gas imports for 40 days due to tariff disputes, shifting its focus to long-term deals with ...


actually it seems that since Feb, to avoid tariffs, their shipments have been going to the EU... China halts US LNG imports as trade war reroutes deliveries - CNBC TV18
 
  • #775
Trooper, China imposed a 50% tariff on US? Where can we find this?
Trump has placed a 50% tariff on Chinese goods, China has added 34% tariff IN ADDITION to the 16% it clunked down back in March, after Trump put a 20% tariff out of nowhere on China. tit for tat - my money is on China having the best cards in this game.. no doubts about it at all .

as with the LNG imports from the USA. China will merely find other suppliers.. stacked up against the USA"s 350 million customers, and China's .1..2 BILLION customers the outcome is easily forecast.

and then you can add on the customers from China's new partners Japan, and South Korea and you have a huge smoothly operating machine, of people who have been trading for 10 centuries with success.
 
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  • #776
Ok
Asian Market will open soon
 
  • #777
Ok
Asian Market will open soon
China vows to fight 'till the end' after Trump's latest tariffs threat ( no one would have expected any other response than this, maybe Trump had some mad delusion , entirely in error )

Tokyo is up a bit, and holding the upwards trend, the Schenzen is up,

China, Hong Kong stocks rise with regional markets, Beijing support​



Japan leads Asian equity bounce, yields rise on trade optimism​


The Hang Sen is trending up
 
  • #778
China vows to fight 'till the end' after Trump's latest tariffs threat

Xi is laying it out, in detail exactly as anyone who has the faintest idea of how China's methods and processes work... keeping in mind they work on a 10 year plan, and Trump works on a 10 minute plan.

From this article..

Summary​

  • China has responded strongly after US president Donald Trump threatened to hit Beijing with an extra 50% tariff if it doesn't withdraw its retaliatory levy on Tuesday
  • Beijing's commerce ministry said it would never accept the "blackmail nature of the US" and vowed to "fight till the end"
  • Analysts say the stand-off increases the likelihood of an all-out trade war between the world's two largest economies
  • The new tariffs could leave some US companies bringing in certain goods from China facing a 104% tax
  • Most Asian markets opened higher on Tuesday, although Taiwan saw a further 4% fall
  • Europe's biggest stock markets - including London's FTSE 100 - all closed over 4% down on Monday
 
  • #779
  • '''The new tariffs could leave some US companies bringing in certain goods from China facing a 104% tax'''
From that little gem of information, you could fairly say that the USA has shot both of its feet off .. ENTIRELY voluntarily so, .. the absolute quintessential 'unforced error,' as tennis fans would say..
 
  • #780
I still can't comprehend the 47% tariff on Madagascar. They export vanilla and fish... Not a lot of their fish goes to the US. And then there are the hissing cockroaches that some people have as pets...
 
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