Russia is being blowed up, China is scared shitless, India knows their place. South Africa murdered their food supply and Brazil is a big heap of fudge packing faggots.
The Tarriff Hype.
- Thread starter petros
- Start date
And they’re still more than what? 1/3 are the global population…& their combined economies are…? Significant? And BRICS is now more than just a core countries whose letters are represented.
China Hikes Tariffs on US Goods to 125 Percent
[VIDEO]
China issues a 125 percent retaliation duty against the US. This comes after President Donald Trump announced he would pause tariffs above the 10 percent baseline for everyone but China. We have details on the latest escalation. From oil to agricultural products, take a look at which U.S. industries are poised to get hit by China’s tariffs. In the fallout from the trade war, Tesla has stopped accepting orders in China for two of its EV models, both of which normally get shipped to China from the United States. At the same time, cargo containers originally headed to the U.S. are now piling up in a Shanghai port. And the man who heads the U.S. Indo-Pacific command sends out a warning that the Chinese Communist Party’s military threat is growing toward Taiwan and U.S. allies in the Pacific.
The exclusions, published late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump’s 125% China tariff and his baseline 10% global tariff on nearly all other countries.
The exclusions apply to smartphones, laptop computers, hard drives and computer processors and memory chips. Those popular consumer electronics items generally aren’t made in the US.
apple.news
The original list of tariff exemptions included some semiconductor products — including central processing units konwn as CPUs. But those measures did not carve out tech products crucial to AI development including graphics processing units, or GPUs, and the servers that they power. Servers powered by AI chips from companies such as Nvidia and their critical components are primarily manufactured and assembled in Taiwan and Mexico.
Friday’s announcement would cover both Taiwanese and Mexican production, in a significant reprieve for companies seeking to build AI infrastructure in the US.
Also crucial are new exemptions on semiconductor manufacturing equipment, made by companies such as ASML Holding NV in the Netherlands and Tokyo Electron Ltd. in Japan. Those tools are essential for building chip factories, and comprise the lion’s share of the multi-billion dollar price tag for such plants. Companies including TSMC, Samsung, and Intel Corp. are building new US facilities with support from the 2022 Chips and Science Act.
A Nvidia representative declined comment. Spokesmen from ASML and Tokyo Electron didn’t immediately respond to requests for comment.
One such sectoral exclusion was for semiconductors, to which Trump has regularly pledged to apply a specific tariff. He hasn’t yet done so but the latest exclusions appear to correspond with that exemption.
The move excludes most of Apple’s core products from the escalating tariffs on China, including iPhones, iPads, Apple watches and airtags. It does not include airpods. Apple shares have slid since Trump announced the tariffs.
The exclusions apply to smartphones, laptop computers, hard drives and computer processors and memory chips. Those popular consumer electronics items generally aren’t made in the US.
Apple, Nvidia Score Reprieve from Trump Tariffs With Exemptions — Bloomberg
President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs, representing a major reprieve for global technology manufacturers including Apple Inc. and Nvidia Corp. even if it proves a temporary one.
Friday’s announcement would cover both Taiwanese and Mexican production, in a significant reprieve for companies seeking to build AI infrastructure in the US.
Also crucial are new exemptions on semiconductor manufacturing equipment, made by companies such as ASML Holding NV in the Netherlands and Tokyo Electron Ltd. in Japan. Those tools are essential for building chip factories, and comprise the lion’s share of the multi-billion dollar price tag for such plants. Companies including TSMC, Samsung, and Intel Corp. are building new US facilities with support from the 2022 Chips and Science Act.
A Nvidia representative declined comment. Spokesmen from ASML and Tokyo Electron didn’t immediately respond to requests for comment.
One such sectoral exclusion was for semiconductors, to which Trump has regularly pledged to apply a specific tariff. He hasn’t yet done so but the latest exclusions appear to correspond with that exemption.
The move excludes most of Apple’s core products from the escalating tariffs on China, including iPhones, iPads, Apple watches and airtags. It does not include airpods. Apple shares have slid since Trump announced the tariffs.
Plaza Accords. Bit of history goes a long way in understanding this.Speaking at the White House, Trump said: “We think we’re in very good shape. We think we’re doing very well. Again there will be a transition cost, transition problems, but in the end it’s going to be a beautiful thing.”
The market seems to be in a state of fatigue after a rollercoaster week. Stocks were even unresponsive to news Thursday morning that the European Union announced it will suspend 25% retaliatory tariffs against US imports and new data showed inflation in the US cooled to 2.4% in March – both would typically be cause for optimism on Wall Street.
US stocks fall again after rally following Trump’s shock retreat on tariffs — Guardian US
Sell-off comes amid anger from Democrats over retreat that rattled markets, while Republicans praise Trump’s ‘art of the deal’ in action
On Thursday, Amazon CEO Andy Jassy said the company was still waiting to see the impact of the tariffs but warned third-party sellers may (???) “pass that cost on” to consumers.
The Plaza Accord was a 1985 agreement among the United States, France, West Germany, Japan, and the United Kingdom to devalue the U.S. dollar in relation to other major currencies. This action aimed to address the U.S. trade deficit and the overvalued dollar. By coordinated intervention in currency markets, the agreement successfully depreciated the dollar while the yen and the Deutsche Mark appreciated.
Here's a more detailed explanation:
Background:
The U.S. dollar had been appreciating significantly in the early 1980s, leading to a large trade deficit for the United States.
This strong dollar made U.S. exports more expensive and imports cheaper, contributing to the trade imbalance.
Economies like Japan and Germany were experiencing current account surpluses, and their currencies were undervalued.
The Agreement:
In September 1985, finance ministers from the G5 countries (US, France, Germany, Japan, and the UK) met at the Plaza Hotel in New York City.
They agreed to actively intervene in currency markets to sell dollars and buy other currencies like the yen and Deutsche Mark.
This intervention aimed to push down the value of the dollar and appreciate the other currencies.
Effects of the Plaza Accord:
The dollar depreciated significantly after the agreement, as planned.
The yen and Deutsche Mark appreciated considerably.
The U.S. trade deficit started to narrow, although the impact on the deficit with Japan was less pronounced than with Germany.
Some believe the Plaza Accord contributed to the Japanese asset price bubble of the late 1980s, as the weaker dollar and lower interest rates led to increased speculation.
Significance:
The Plaza Accord is considered a landmark example of international currency policy coordination.
It demonstrated the ability of major economies to work together to influence exchange rates and trade balances.
It also highlighted the challenges of managing floating exchange rates and the potential for large, rapid changes in currency values.
A CBDC will once again level the playing field.
Is a Free Trade Agreement with China on the Liberal docket?
I'm not hearing anything about Canada taking a firm stance against Chinese trade issues and we do know there are deep ties to Beijing within in the Liberal Party and CCP party insiders.
I'm not even seeing neutrality in this monetary policy war.
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Apparently, it’s not just the last two elections, but the current one also, & as long as it benefits the Liberals…
Not just real estate. A Chinese investment scheme in RMB. That's bigger than loans or Shanghai land.View attachment 28702
View attachment 28703
Apparently, it’s not just the last two elections, but the current one also, & as long as it benefits the Liberals…
Holy shit. The chimps missed these bananas.
Tariffs are the icing on the funeral cake.
Tariffs are the icing on the funeral cake.
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About four hundred posts back here, this came up.
How quickly can Japan replace all of China’s bulk ships? Anyway, as currently drafted, the new rules would have a devastating impact not just on China, but would harm almost all companies and and anlmost all countries that rely on marine transportation to ship essential cargo.
Canadian companies such as CSL, which operate on short-sea shipping routes, rely on Chinese-built vessels as key assets in their fleets to transport goods along coastlines or in the Great Lakes. The U.S.’s proposed regulations would severely disrupt the shipping operations that rely on these vessels on both sides of the border.
How & what are the unintended consequences of Trumps non-surgical hammer this time and how long until he “temporarily” rolls this one back? This is Trumps non-butterfly effect. Keep in mind that Chinese shipbuilders received about 3/4’s of all bulk ships last year globally, so there’s a lot of Chinese ships currently owned by countries other than China. Who will this affect? How many American companies & citizens will this affect?
That means that if the U.S.’s projected port fees were to come into effect, shipping vital commodities on vessels across key trading routes from Chicago to Montreal, Thunder Bay to Detroit, Victoria to Long Beach, and Baltimore to Halifax, are now under serious threat. And this is a problem you should be worried about, whether you live in Canada or in the United States.
Why is the world so dependent on Chinese ships? In Canada, this is partly the result of the National Shipbuilding Strategy, launched about 15 years ago to refurbish the government’s fleet of military vessels, icebreakers and ferryboats. This policy encouraged commercial shipowners to acquire vessels abroad so that Canadian shipbuilders could respond to the government’s needs.
Now we’re being encouraged to increase military funding to a minimum of 2% (& now preferably 5%) of our GDP.
If left unchecked, the Trump administration’s port fees will not only adversely affect the viability of our fleets, they will drive up the cost of doing business across key industries such as energy, manufacturing and agriculture.
The Canadian government, whomever that happens to be in about two weeks, needs to treat this proposal as a direct threat to Canada’s economy – because that is exactly what it is. If Trump pumps this idea again between now and April 28th, that might guarantee a Carney government.
Yes, Japan is currently an ally of the US this week, and America hasn’t dropped nuclear weapons (plural) on them in 3-4 generations, but Canada and others are also American Allies until it’s decided that they aren’t depending on Trumps mood any given day.
History has repeatedly shown that blunt trade measures, such as tariffs or port fees, rarely achieve their intended goals without causing significant collateral damage. Rather than repeating past mistakes, the U.S. should recalibrate its approach to ensure that allies such as Canada (at this point, I think) are not inadvertently caught in the crossfire of its economic disputes with China, unless that’s the intention.
How quickly can Japan replace all of China’s bulk ships? Anyway, as currently drafted, the new rules would have a devastating impact not just on China, but would harm almost all companies and and anlmost all countries that rely on marine transportation to ship essential cargo.
Canadian companies such as CSL, which operate on short-sea shipping routes, rely on Chinese-built vessels as key assets in their fleets to transport goods along coastlines or in the Great Lakes. The U.S.’s proposed regulations would severely disrupt the shipping operations that rely on these vessels on both sides of the border.
How & what are the unintended consequences of Trumps non-surgical hammer this time and how long until he “temporarily” rolls this one back? This is Trumps non-butterfly effect. Keep in mind that Chinese shipbuilders received about 3/4’s of all bulk ships last year globally, so there’s a lot of Chinese ships currently owned by countries other than China. Who will this affect? How many American companies & citizens will this affect?
That means that if the U.S.’s projected port fees were to come into effect, shipping vital commodities on vessels across key trading routes from Chicago to Montreal, Thunder Bay to Detroit, Victoria to Long Beach, and Baltimore to Halifax, are now under serious threat. And this is a problem you should be worried about, whether you live in Canada or in the United States.
Why is the world so dependent on Chinese ships? In Canada, this is partly the result of the National Shipbuilding Strategy, launched about 15 years ago to refurbish the government’s fleet of military vessels, icebreakers and ferryboats. This policy encouraged commercial shipowners to acquire vessels abroad so that Canadian shipbuilders could respond to the government’s needs.
Now we’re being encouraged to increase military funding to a minimum of 2% (& now preferably 5%) of our GDP.If left unchecked, the Trump administration’s port fees will not only adversely affect the viability of our fleets, they will drive up the cost of doing business across key industries such as energy, manufacturing and agriculture.
The Canadian government, whomever that happens to be in about two weeks, needs to treat this proposal as a direct threat to Canada’s economy – because that is exactly what it is. If Trump pumps this idea again between now and April 28th, that might guarantee a Carney government.
Yes, Japan is currently an ally of the US this week, and America hasn’t dropped nuclear weapons (plural) on them in 3-4 generations, but Canada and others are also American Allies until it’s decided that they aren’t depending on Trumps mood any given day.
History has repeatedly shown that blunt trade measures, such as tariffs or port fees, rarely achieve their intended goals without causing significant collateral damage. Rather than repeating past mistakes, the U.S. should recalibrate its approach to ensure that allies such as Canada (at this point, I think) are not inadvertently caught in the crossfire of its economic disputes with China, unless that’s the intention.
the way things are going it could be 1 quadrillion percent terroriff.
The BRICS nations (Brazil, Russia, India, China, and South Africa) have achieved significant economic growth and increased global influence since their formation in 2009. BRICS' collective GDP in terms of Purchasing Power Parity (PPP) has overtaken the G7's, and they now represent a substantial portion of global GDP and population.
The BRICS group has attracted interest from other developing nations, with several countries applying for membership and the NDB, established by the BRICS, provides development finance to countries, serving as a potential alternative to the World Bank and IMF. This while Trump has turned off the foreign aid tap in the process of winning hearts and minds.
The full list of BRICS nations, including the new members, is: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Indonesia, and the United Arab Emirates. In 2024, Egypt, Ethiopia, Iran, and the United Arab Emirates became full members, and in 2025, Indonesia joined the bloc.
Over 30 countries have expressed interest in joining BRICS. Some of these include Argentina, Saudi Arabia, and the United Arab Emirates. While some, like Egypt, Ethiopia, Iran, and the UAE, were formally admitted in 2024, others, like Argentina and Saudi Arabia, have not yet completed their membership process. Additionally, countries like Indonesia, Cuba, Malaysia, Thailand, and Türkiye are also considering or have applied for BRICS membership.
(Türkiye is also a NATO member were as Ukraine isn’t and won’t be allowed to join, but that’s something for a different thread I guess)
Yet many countries (before this last three months of Trump and his financial global tariff war on everything) are lining up to join the BRICS nations for some reason.
I don’t think the BRICS have gone away with over 30 nations expressing interest in joining that bloc. Balance that against Trumps “interest & invitations” towards Panama, Canada, Gaza, & Greenland so far lately.
Am I a fan of the BRICS bloc? Nope. Am I aware of their continuing existence? Yep.
Japan must really hate getting its shipbuilding industry back from China.About four hundred posts back here, this came up.
View attachment 28710
How quickly can Japan replace all of China’s bulk ships? Anyway, as currently drafted, the new rules would have a devastating impact not just on China, but would harm almost all companies and and anlmost all countries that rely on marine transportation to ship essential cargo.
Canadian companies such as CSL, which operate on short-sea shipping routes, rely on Chinese-built vessels as key assets in their fleets to transport goods along coastlines or in the Great Lakes. The U.S.’s proposed regulations would severely disrupt the shipping operations that rely on these vessels on both sides of the border.
How & what are the unintended consequences of Trumps non-surgical hammer this time and how long until he “temporarily” rolls this one back? This is Trumps non-butterfly effect. Keep in mind that Chinese shipbuilders received about 3/4’s of all bulk ships last year globally, so there’s a lot of Chinese ships currently owned by countries other than China. Who will this affect? How many American companies & citizens will this affect?
That means that if the U.S.’s projected port fees were to come into effect, shipping vital commodities on vessels across key trading routes from Chicago to Montreal, Thunder Bay to Detroit, Victoria to Long Beach, and Baltimore to Halifax, are now under serious threat. And this is a problem you should be worried about, whether you live in Canada or in the United States.
Why is the world so dependent on Chinese ships? In Canada, this is partly the result of the National Shipbuilding Strategy, launched about 15 years ago to refurbish the government’s fleet of military vessels, icebreakers and ferryboats. This policy encouraged commercial shipowners to acquire vessels abroad so that Canadian shipbuilders could respond to the government’s needs.
If left unchecked, the Trump administration’s port fees will not only adversely affect the viability of our fleets, they will drive up the cost of doing business across key industries such as energy, manufacturing and agriculture.
The Canadian government, whomever that happens to be in about two weeks, needs to treat this proposal as a direct threat to Canada’s economy – because that is exactly what it is. If Trump pumps this idea again between now and April 28th, that might guarantee a Carney government.
Yes, Japan is currently an ally of the US this week, and America hasn’t dropped nuclear weapons (plural) on them in 3-4 generations, but Canada and others are also American Allies until it’s decided that they aren’t depending on Trumps mood any given day.
History has repeatedly shown that blunt trade measures, such as tariffs or port fees, rarely achieve their intended goals without causing significant collateral damage. Rather than repeating past mistakes, the U.S. should recalibrate its approach to ensure that allies such as Canada (at this point, I think) are not inadvertently caught in the crossfire of its economic disputes with China, unless that’s the intention.
What’s the unintended consequence of this? Does Japan own Chinese made bulk ships? Whose ships will Japan make first? How fast can they replace them if this is the case? If so, what happens in the meantime (?) and where do foreign (to Japan) shippers fall on the list? That’s just off the top of my head….& I don’t know what the other unintended consequences are at this point.
Then, who is the largest ship builder in the world? Of bulk carriers specifically. Assuming it’s China, if they are removed from the equation, how fast can others retool & build ship building facilities used to build ships? How many years to replace what China is currently doing?
Then, what about all the existing Chinese made bulk carrying ships? Who owns them? How many are there that will need to be replaced & at what cost? What if they’re new or almost new? If the current shipping carriers are bankrupt or severely financially injured by this, are there others waiting in the wings to immediately step in with the ships that don’t exist yet, to pick up the slack (?) or does this immediately create a shortage, which immediately increases shipping costs?
Whats the intended consequences? I know you're all for Iran and Russian being blowed up, why not China and the Secular Buddhists?
We're in WW3, what did you think it would look like?
2 fronts can be handled but is a 3rd in the Pacific or would crippling China economically be a more logical battle?
Aren’t those all BRICS nations? I thought they were toast?
There’s something called controlled growth. You can’t just throw a switch, & Poof!! Trump flex makes the globe different overnight, cause big things take time to change direction.
I’m in shipping (land, not sea), and there’s a shortage right now and it’s gonna get worse. Older experienced drivers are older, and retiring eventually, sooner than later, and being replaced by truckers that may or may not have ever experienced snow or ice. It’s a problem. It’s going to increase shipping costs regardless of what Trump does….& he’s only gonna add to this issue.
Their gold isn't toast so a bunch of western big money funds cranked up Crypto then dumped it to buy physical gold at above asking price which is sitting in vault 33 in NYC. When the first missile on western allied forces comes directly from Iran, China or Russia and not a proxy that gold gets dumped with huge profits even at discount and gold crashes to pre-covid prices where it buys half what it did before the inflation.
Monetary war not trade war.
And China, and Russia, & India, and Poland, & the UK, and Singapore, & Hong Kong, etc…America isn’t even in the top five as far as I could see you, but the numbers are all over the place and so are the purchasing years.
Who’s going to fire the first missile? Is Turkey a NATO western allied force or a BRICS nation in this scenario?
Good times.