Canada, Greenland, Mexico, etc - USA Tariffs / Trade War commencing March 2025 #5

[LovesPeace2]

https://www.politico.com/news/magazine/2025/04/21/trump-tariffs-supreme-court-legal-arguments-00299467

 

[Herat]

It seems strange that we spend so much time and effort screening people who aren’t a risk vs paying little or no attention to those who aren’t a higher risk and seeking to come into the US en masse, undocumented and often illegally.

Sounds like we need smarter, more updated and evidence-based methods for screening people coming into the US.

Oh, you mean from people experienced with and educated in immigration laws.

Such as the people that Elon, DOGE, and Trump just fired.

 

[SouthAussie]

"Wall Street, the dollar and long-dated Treasuries all tanked on Monday, and investors are bracing for further volatility.

Gold, the yen and key European currencies all rose sharply.

Investors are understandably spooked.

Economist Phil Suttle says the twin selloff in Treasuries and the dollar suggest U.S. markets are "giving off distinct emerging market tendencies," while Callie Cox at Ritholtz Wealth Management notes that U.S. markets are on the cusp of a cross-asset drop not seen for 35 years."

https://finance.yahoo.com/news/trading-day-trump-pummels-powell-211317819.html

 

[Vern]

"Wall Street, the dollar and long-dated Treasuries all tanked on Monday, and investors are bracing for further volatility.

Gold, the yen and key European currencies all rose sharply.

Investors are understandably spooked.

Economist Phil Suttle says the twin selloff in Treasuries and the dollar suggest U.S. markets are "giving off distinct emerging market tendencies," while Callie Cox at Ritholtz Wealth Management notes that U.S. markets are on the cusp of a cross-asset drop not seen for 35 years."

https://finance.yahoo.com/news/trading-day-trump-pummels-powell-211317819.html

Indeed that anchor that is the US dollar and the American economy continue their sinking. It's almost as if the USofA is currently being run by a convicted Felon with 3 bankruptcies under his belt.

Smart move.

IMO.
-

 

[Lyanna]

"Wall Street, the dollar and long-dated Treasuries all tanked on Monday, and investors are bracing for further volatility.

Gold, the yen and key European currencies all rose sharply.

Investors are understandably spooked.

Economist Phil Suttle says the twin selloff in Treasuries and the dollar suggest U.S. markets are "giving off distinct emerging market tendencies," while Callie Cox at Ritholtz Wealth Management notes that U.S. markets are on the cusp of a cross-asset drop not seen for 35 years."

https://finance.yahoo.com/news/trading-day-trump-pummels-powell-211317819.html

It's like @otto says, Donald acts now and then thinks later.
Except Donald doesn't appear to  think at all.

Moo

 

[SouthAussie]

"Trump is meeting today with the CEOs of Walmart, Target, Lowe’s and Home Depot at the White House to discuss tariffs, a White House official told CNN.

Trump’s tariffs have put huge pressure on the retail sector. Companies source everyday products from other countries, including China. A consumer slowdown from tariffs, inflation and a sluggish economy also threaten the industry."

https://edition.cnn.com/politics/live-news/trump-presidency-04-21-25/index.html

 

[Kemug]

I wonder if DJT is toying with the idea of becoming Pope?

 

[TootsieFootsie]

I wonder if DJT is toying with the idea of becoming Pope?

Nobody knows more than Trump about being Pope.

 

[keek]

Nobody knows more than Trump about being Pope.

King, king. Evil king.

 

[Kemug]

Nobody knows more than Trump about being Pope.

Only I can fix it!

 

[TootsieFootsie]

MSN

The Independent

American-style restaurants across the world turn to other countries for ingredients​

At Home Plate BBQ, an American-style restaurant in Beijing, staff are reprinting menus. The U.S.-China trade war means American beef - once the star ingredient - will soon be off the table.

Home Plate's beef, previously sourced entirely from the U.S., is increasingly Australian. The restaurant uses about 7 to 8 tonnes of brisket each month, and when the U.S. beef in the freezers is used up in a few weeks, the southern-style BBQ restaurant will only serve meat from Australia.

U.S. beef is one of thousands of casualties in the trade war between the world's largest trading partners. Even before the battle began, American beef was expensive. Beijing's 125% retaliatory tariffs, on top of the existing 22%, made it unaffordable.

"It's essentially just made it very hard for us to continue using U.S. beef," said Home Plate's operations director, Charles de Pellette.

 

[MelmothTheLost]

A tariffs-related story from the Mail. Pepsi moved their concentrate production to Ireland to benefit from lower corporate taxes and will now be hit by tariffs. Coca Cola kept their concentrate production in the US so won't.

Coke v Pepsi soda wars take a twist under Trump's tariffs

Trump's tariffs have created a new factor in the long-standing cola wars.

www.dailymail.co.uk

 

[SouthAussie]

A Boeing 737 Max 8 plane intended for use by a Chinese airline returned to the US on Monday from Boeing’s China finishing centre

It followed the arrival in the US on Sunday of another 737 Max painted in the livery of China’s Xiamen Airlines at Boeing’s US production hub in Seattle.

The return of the Boeing jets underlines the vulnerability to tariffs of the US’s biggest manufacturing exporter.

A new 737 Max has a market value of about $55m ......That makes a 125% tariff prohibitive without significantly changing the business model of the airline business.

Boeing investors brace for fallout from Trump tariffs

 

[MelmothTheLost]

A Boeing 737 Max 8 plane intended for use by a Chinese airline returned to the US on Monday from Boeing’s China finishing centre

An interesting situation. If China is going to cancel all orders for Boeing aircraft, that really only leaves Airbus and Brazil's Embraer producing large commercial aircraft at scale. However, it is reported that China is developing its own commercial aircraft production capabilities so maybe they will try to accelerate their own programme.

It will be interesting to see if order cancellations spread to other buyers. Cancelling orders rather than imposing reciprocal tariffs may be an alternative way for other countries to hit the US in the pocket as well as significantly shrinking Boeing as an international player in the commercial aircraft market.

Then, of course, there also seem to be concerns over quality control at Boeing at present. Maybe another reason to rethink orders for Boeing aircraft.

 

[iamshadow21]

An interesting situation. If China is going to cancel all orders for Boeing aircraft, that really only leaves Airbus and Brazil's Embraer producing large commercial aircraft at scale. However, it is reported that China is developing its own commercial aircraft production capabilities so maybe they will try to accelerate their own programme.

It will be interesting to see if order cancellations spread to other buyers. Cancelling orders rather than imposing reciprocal tariffs may be an alternative way for other countries to hit the US in the pocket as well as significantly shrinking Boeing as an international player in the commercial aircraft market.

Then, of course, there also seem to be concerns over quality control at Boeing at present. Maybe another reason to rethink orders for Boeing aircraft.

Yeah, their safety record hasn't been great in recent years.

I know that it has been a long term goal of China to produce far more things domestically. It wouldn't surprise me if their plans to develop their own aeroplanes are quite advanced.

MOO

 

[musicaljoke]

A tariffs-related story from the Mail. Pepsi moved their concentrate production to Ireland to benefit from lower corporate taxes and will now be hit by tariffs. Coca Cola kept their concentrate production in the US so won't.

Coke v Pepsi soda wars take a twist under Trump's tariffs

Trump's tariffs have created a new factor in the long-standing cola wars.

www.dailymail.co.uk

This will benefit the US domestic market, but will be a liability for the export market where countries around the world are boycotting US made products, or where they face retaliatory tariffs.

 

[MelmothTheLost]

This will benefit the US domestic market, but will be a liability for the export market where countries around the world are boycotting US made products, or where they face retaliatory tariffs.

Maybe I'm misunderstanding the situation, but surely Pepsi will need to pay a tariff of 10% (currently) to import concentrate from Ireland into the US, which will ultimately either need to be absorbed by the company when pricing the finished product for sale within the US, or increase the sale price by the amount of the tariff. This should increase any price differential between Pepsi and Coca Cola on the shelf at home and make Pepsi less attractive on price.

 

[Kemug]

An interesting situation. If China is going to cancel all orders for Boeing aircraft, that really only leaves Airbus and Brazil's Embraer producing large commercial aircraft at scale. However, it is reported that China is developing its own commercial aircraft production capabilities so maybe they will try to accelerate their own programme.

It will be interesting to see if order cancellations spread to other buyers. Cancelling orders rather than imposing reciprocal tariffs may be an alternative way for other countries to hit the US in the pocket as well as significantly shrinking Boeing as an international player in the commercial aircraft market.

Then, of course, there also seem to be concerns over quality control at Boeing at present. Maybe another reason to rethink orders for Boeing air6thcraft.

Remember back in 2020, when Covid caused everyone to stop sailing happily around the world? (but not me, because I never began - cruises just don't appeal to me). So the cruise industry came to a grinding halt, and I don't know how many cruise liners were scrapped. Can it be possible that in 2025, in some hideous uncanny Part 2, the same is going to happen to the aviation world?

 

[LovesPeace2]

https://www.cbc.ca/news/canada/manitoba/non-profit-moving-us-tariffs-1.7512564

 

[MelmothTheLost]

Remember back in 2020, when Covid caused everyone to stop sailing happily around the world? (but not me, because I never began - cruises just don't appeal to me). So the cruise industry came to a grinding halt, and I don't know how many cruise liners were scrapped. Can it be possible that in 2025, in some hideous uncanny Part 2, the same is going to happen to the aviation world?

I don't see the demand for consumer aviation and passenger jets decreasing much in the foreseeable future, whatever the climate lobby may demand.

What I think may happen is that Boeing ceases to be the world's largest plane maker, becoming the third largest behind the EU's Airbus and whatever emerges in China. However, it's likely that Boeing will become the politically required purchase for US airlines, maybe permanently subsidized by the US tax payer if it becomes less viable, while potentially being gradually phased out by other airlines. Older Boeing planes would then be sold and resold during the remainder of their lives to ever smaller and more obscure airlines before being scrapped.

Of course, it's possible that a decline of Boeing could open up opportunities for other players, eg Embraer could expand production to become a larger player in the smaller and mid-size commercial passenger jet market or develop a larger jet offering.

All speculation, naturally.