The Tarriff Hype.
- Thread starter petros
- Start date
A common currency and common market, we'd all have a Merry Christmas.U.S. President Donald Trump will accept nothing short of "completely open markets" to American goods in other countries, his commerce secretary said Tuesday, as uncertainty continues over whether Canada and a host of nations can reach agreements with the United States before Trump's latest threatened tariffs are supposed to kick in Friday, etc…
(The statement comes as Canada's cabinet point-person on U.S. trade talks, Dominic LeBlanc, travels to Washington for the second time in recent days for what Prime Minister Mark Carney described Monday as an "intense" phase of negotiations before this week's deadline)
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Speaking Tuesday on U.S. television network CNBC, Commerce Secretary Howard Lutnick said Trump is ready to impose his threatened tariffs and "move on" unless deals are reached by Friday. Lutnick also said the U.S. has rejected offers from several countries, which he didn't name (?), that fall short of the access Trump wants for American exports.
"Many, many countries had made us OK offers to open their markets — you know, 50 per cent, 30 per cent … The president said, 'No, no. I want them open,'" said Lutnick.
"So now the price of a deal with the United States of America is black and white: completely open markets."
Hmmm….If that’s the case, you’d think they would’ve mentioned this six months ago without turning complete populations hostile towards the US over this Orange Arsehole & his posturing?
Trump has argued that the U.S. needs tariffs to wrest manufacturing and investment from other countries, and to correct unfair balances where the U.S. buys more from other countries than it sells to them, but that’s so…earlier this morning?
Canada seeks tariff exemptions as Donald Trump demands 'completely open markets' — Toronto Star
It remains unclear whether Canada and other countries can reach trade deals with the U.S. before Trump's threatened tariffs are supposed to kick in Friday.apple.news
Will Trump completely open the American market to everybody else and their dog? I’m kind of doubting that….
Throughout the spring, big retailers and consumer product makers warned that levies on imported goods would squeeze their operations, forcing them to choose between lower earnings and passing on higher costs to customers.
While U.S. stock indexes have soared to record highs this year, built on massive investment in technology shares, many consumer bellwethers have struggled.
Since Trump's April 2 "Liberation Day" tariff announcements, P&G shares have declined 19%; Nestle (NESN.S) is down 20%; Kimberly-Clark (KMB.O) has lost 11%, and PepsiCo (PEP.O) is off nearly 7%, while the benchmark S&P 500 (.SPX) stock index has gained more than 13%, but…
"You're going to see companies like Walmart, Amazon, and Best Buy forced to pass price increases to consumers," said Bill George, former chairman and CEO of Medtronic and executive education fellow at Harvard Business School.
"Main Street has yet to see the fallout from increased tariffs - and they're going to go higher."
Between July 16 and 25, companies in the Reuters global tariff tracker said they expected to lose a combined $7.1 billion to $8.3 billion for the full year.
GM (GM.N), Ford (F.N) and other carmakers have absorbed the cost of tariffs - totaling billions of dollars - so far.
Many companies shipped more goods and raw materials into the U.S. before tariffs hit. Economists and analysts reckon that hoarding has helped some delay hiking prices until later in the year and explains why tariffs have not yet shown up in U.S. inflation data.
(I was part of that. The first 75 days or so since January 20th where nuts…)
apple.news
While U.S. stock indexes have soared to record highs this year, built on massive investment in technology shares, many consumer bellwethers have struggled.
Since Trump's April 2 "Liberation Day" tariff announcements, P&G shares have declined 19%; Nestle (NESN.S) is down 20%; Kimberly-Clark (KMB.O) has lost 11%, and PepsiCo (PEP.O) is off nearly 7%, while the benchmark S&P 500 (.SPX) stock index has gained more than 13%, but…
"You're going to see companies like Walmart, Amazon, and Best Buy forced to pass price increases to consumers," said Bill George, former chairman and CEO of Medtronic and executive education fellow at Harvard Business School.
"Main Street has yet to see the fallout from increased tariffs - and they're going to go higher."
Between July 16 and 25, companies in the Reuters global tariff tracker said they expected to lose a combined $7.1 billion to $8.3 billion for the full year.
GM (GM.N), Ford (F.N) and other carmakers have absorbed the cost of tariffs - totaling billions of dollars - so far.
Many companies shipped more goods and raw materials into the U.S. before tariffs hit. Economists and analysts reckon that hoarding has helped some delay hiking prices until later in the year and explains why tariffs have not yet shown up in U.S. inflation data.
(I was part of that. The first 75 days or so since January 20th where nuts…)
Trump gets tariffs; Americans get price hikes — Reuters
U.S. President Donald Trump is getting his tariffs. Companies are making it clear how they intend to deal with it - passing them on to American consumers.
Wow. Tough one.Throughout the spring, big retailers and consumer product makers warned that levies on imported goods would squeeze their operations, forcing them to choose between lower earnings and passing on higher costs to customers.
How much revenue has it generated? Is spending revenue better than spending debt?Throughout the spring, big retailers and consumer product makers warned that levies on imported goods would squeeze their operations, forcing them to choose between lower earnings and passing on higher costs to customers.
While U.S. stock indexes have soared to record highs this year, built on massive investment in technology shares, many consumer bellwethers have struggled.
Since Trump's April 2 "Liberation Day" tariff announcements, P&G shares have declined 19%; Nestle (NESN.S) is down 20%; Kimberly-Clark (KMB.O) has lost 11%, and PepsiCo (PEP.O) is off nearly 7%, while the benchmark S&P 500 (.SPX) stock index has gained more than 13%, but…
"You're going to see companies like Walmart, Amazon, and Best Buy forced to pass price increases to consumers," said Bill George, former chairman and CEO of Medtronic and executive education fellow at Harvard Business School.
"Main Street has yet to see the fallout from increased tariffs - and they're going to go higher."
Between July 16 and 25, companies in the Reuters global tariff tracker said they expected to lose a combined $7.1 billion to $8.3 billion for the full year.
GM (GM.N), Ford (F.N) and other carmakers have absorbed the cost of tariffs - totaling billions of dollars - so far.
Many companies shipped more goods and raw materials into the U.S. before tariffs hit. Economists and analysts reckon that hoarding has helped some delay hiking prices until later in the year and explains why tariffs have not yet shown up in U.S. inflation data.
(I was part of that. The first 75 days or so since January 20th where nuts…)
Trump gets tariffs; Americans get price hikes — Reuters
U.S. President Donald Trump is getting his tariffs. Companies are making it clear how they intend to deal with it - passing them on to American consumers.
The industry I’m in (logistics) saw a huge surge in purchasing by the wholesalers (RV Dealers) trying to stay ahead of tariffs and perspective reciprocal tariffs, and reciprocal reciprocal tariffs, reciprocal reciprocal reciprocal tariffs, etc…& now a big lull…with still concerns about what Trump might do Aug 1st, & what Canada might do in response…
We won’t see the big punchline until into the fall, when next year’s models come out, & we see what purchasing on the wholesale level looks like at that point….
And from the time this all started an RV is 10% cheaper in CAD than it was in January.
Retail, and new 2026’s in theory should be coming out in 2 to 3 months normally, but some are out now just trying to promote sales for manufacturers and dealerships.
6 months ago USD was $1.44 today $1.37
In January CAD a low of $0.69 today it sits at $0.735
That's a big drop in the gap. That gap tightening is what will set the Canadian economy on fire.
