The Tarriff Hype.

[petros]

President Donald Trump on Saturday threatened a significant tariff hike on the European Union and Mexico, two of the largest U.S. trade partners.
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In separate letters published on his social media platform, Truth Social, Trump wrote that each country will face a blanket tariff rate of 30% on all goods exported to the U.S. starting Aug. 1.

Trump says he will hit E.U. and Mexico with 30% tariff — NBC News

The 30% rate for the European Union is 10% higher than Trump promised on "Liberation Day."

apple.news

Trump threatened even higher tariffs if either the E.U. or Mexico retaliate against his new levy, etc…

Markets had spent most of the week brushing off the earlier escalations, leaving stocks largely at the record highs they’d regained thanks largely recent weeks’ trade-war lull. “Can’t be havin’ that shit on my watch! Here, hold my Beer!”

But on Friday major indexes closed lower on the heels of Trump vowing (Phew!) to hit Brazil, a key source of commodities like coffee and orange juice, with a 50% tariff. Trump said the tariff was so high because of “unsustainable Trade Deficits" even though the U.S. currently runs at a surplus in its trade with Brazil.

Trump also said "the way Brazil has treated former President Bolsonaro ... is an international disgrace."

(United States President Donald Trump has also announced that he will raise import tariffs on most Canadian goods to 35 percent, even though Canada has agreed to rescind its planned digital services tax as the US demanded because Fentanyl immigration Supply Management)

I'm thinking we should impose an export tax on all unprocessed ore shipped to the US. Call it a National Security Fee.

We'll see what happens in August after Trump gets the CBDC report and where the USD reserve currency stands.

 

[Ron in Regina]

Or in August when all these tariffs kick in regardless of the %’age’s involved, and the American taxpayers feel the increased cost of living, etc….

 

[petros]

Or in August when all these tariffs kick in regardless of the %’age’s involved, and the American taxpayers feel the increased cost of living, etc….

If our dollar rises and gobbles the %ages It's status quo with US but our buying power everywhere else takes a leap.

 

[Tecumsehsbones]

If our dollar rises and gobbles the %ages It's status quo with US but our buying power everywhere else takes a leap.

Works for me. The stupidity of the MAGAhats can lift your boats.

 

[petros]

Works for me. The stupidity of the MAGAhats can lift your boats.

A common currency makes tariffs and duties moot.

 

[Tecumsehsbones]

A common currency makes tariffs and duties moot.

Preach! I've always said the only beneficiaries of different currencies are the bankers.

I'm a big cheerleader for the "Amero," like the Euro.

 

[petros]

Preach! I've always said the only beneficiaries of different currencies are the bankers.

I'm a big cheerleader for the "Amero," like the Euro.

We'll find out in August according to the Whitehouse. If we combined just our energy resources to back it, it'll eliminate any BRICS threats. It'll be a digital currency no doubt and start out for trade.

 

[Tecumsehsbones]

We'll find out in August according to the Whitehouse. If we combined just our energy resources to back it, it'll eliminate any BRICS threats. It'll be a digital currency no doubt and start out for trade.

I wouldn't bet on it.

You know why when the Trumps have sex, Melania's always on top?

'Cuz Donny Dipshit can only fuck up.

 

[Ron in Regina]

President Donald Trump on Monday threatened to impose "secondary tariffs" on Russia's trade partners "at about (?) 100%" if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days.

"We're very, very unhappy with them, and we're going to be doing very severe tariffs, if you don't have a deal in 50 days, tariffs at about (?) 100%, they call them secondary tariffs," Trump said from the White House while meeting with NATO's secretary general, Mark Rutte.

If a ceasefire deal is not reached by September, said Trump, "we're going to be doing secondary tariffs."

Trump also announced Monday that the United States would send "billions of dollars worth of military equipment" purchased from American companies, paid for by European countries and delivered to NATO allies to be sent on to Ukraine.

Trump's announcement — coupled with the secondary tariff threat against Russia — marks a shift in the president's support for Ukraine, and underscores his growing frustration with the Russian leader.

Trump threatens Russia's global trade unless Ukraine peace deal is reached soon — CNBC

Trump's tariffs could hit China, India and Brazil especially hard. All three countries are top buyers of Russian fossil fuels.

apple.news

Trump's secondary tariffs would impose levies on the countries and entities that buy Russia's exports.

They could take an especially heavy toll on countries that rely on Russian fossil fuels as part of their energy plan, like China, India, Brazil and Turkiye. BRIC anyone?

It was unclear Monday what products would be impacted by Trump's latest secondary tariff threat, etc….

 

[Taxslave2]

President Donald Trump on Monday threatened to impose "secondary tariffs" on Russia's trade partners "at about (?) 100%" if President Vladimir Putin does not agree to a deal to end his invasion of Ukraine in 50 days.

"We're very, very unhappy with them, and we're going to be doing very severe tariffs, if you don't have a deal in 50 days, tariffs at about (?) 100%, they call them secondary tariffs," Trump said from the White House while meeting with NATO's secretary general, Mark Rutte.

If a ceasefire deal is not reached by September, said Trump, "we're going to be doing secondary tariffs."

Trump also announced Monday that the United States would send "billions of dollars worth of military equipment" purchased from American companies, paid for by European countries and delivered to NATO allies to be sent on to Ukraine.

Trump's announcement — coupled with the secondary tariff threat against Russia — marks a shift in the president's support for Ukraine, and underscores his growing frustration with the Russian leader.

Trump threatens Russia's global trade unless Ukraine peace deal is reached soon — CNBC

Trump's tariffs could hit China, India and Brazil especially hard. All three countries are top buyers of Russian fossil fuels.

apple.news

Trump's secondary tariffs would impose levies on the countries and entities that buy Russia's exports.

They could take an especially heavy toll on countries that rely on Russian fossil fuels as part of their energy plan, like China, India, Brazil and Turkiye. BRIC anyone?

It was unclear Monday what products would be impacted by Trump's latest secondary tariff threat, etc….

So tariffs have nothing to do with commerce anymore, and everything to do with political ideology, according to trump.
How does a 300% tariff on unwanted American made EVs being dumped in Canada Sound?

 

[Ron in Regina]

So tariffs have nothing to do with commerce anymore, and everything to do with political ideology, according to trump.
How does a 300% tariff on unwanted American made EVs being dumped in Canada Sound?

Sounds like justification equal to immigration or fentanyl or indigestion? It is unclear if Putin will take Trump’s threat seriously. Trump has repeatedly promised action against Russia within two weeks if he deemed Putin unserious about signing a peace agreement. There is also the possibility that Trump could postpone penalizing countries that trade with Russia, such as India and China, when the 50-day deadline is reached on Sept. 2.

Trump Raises Pressure on Russia With Tariff Threat, Ukraine Weapons Deal — The Wall Street Journal

President says that Kyiv will have new weapons and air defenses within days under the agreement

apple.news

 

[Taxslave2]

Allow me time to consult the chicken bones for a definitive answer to all that.

 

[petros]

Sounds like justification equal to immigration or fentanyl or indigestion? It is unclear if Putin will take Trump’s threat seriously. Trump has repeatedly promised action against Russia within two weeks if he deemed Putin unserious about signing a peace agreement. There is also the possibility that Trump could postpone penalizing countries that trade with Russia, such as India and China, when the 50-day deadline is reached on Sept. 2.

Trump Raises Pressure on Russia With Tariff Threat, Ukraine Weapons Deal — The Wall Street Journal

President says that Kyiv will have new weapons and air defenses within days under the agreement

apple.news

Its timing. Putin's 50,000 troop summer offensive was thwarted by UA.

 

[Ron in Regina]

U.S. President Donald Trump said on Monday that the letters he sent to Prime Minister Mark Carney and other leaders about new tariff rates are "the deals," as Carney prepares to meet with his cabinet on tariffs and the trade negotiations.

U.S. dairy industry presses Canada for changes to quota — The Globe and Mail

U.S. exporters say system prevents them from using all of their tariff-free allotment to sell to Canada

apple.news

"I watched a show this morning and they were talking about, 'Well when's he going to make the deal?' The deals are already made. The letters are the deals. The deals are made. There are no deals to make," Trump said during an Oval Office meeting with NATO Secretary-General Mark Rutte.

Cabinet to meet Tuesday as Trump says 35% tariff letter is 'the deal' — The Canadian Press

U.S. President Donald Trump said on Monday that the letters he sent to Prime

apple.news

Well, I guess there’s no room to negotiate anything, so the supply management issue about quotas is irrelevant then.

Trump on Saturday posted a letter to Mexican President Claudia Sheinbaum on social media that said Mexico would be hit with a 30 per cent rate.

A separate letter to European Commission President Ursula von der Leyen declared a 30 per cent rate for the European Union.

There is no clarity on why Canada is facing a higher tariff than either Mexico or the EU. Trump's tariff letter once again targets the issue of fentanyl coming from Canada to the U.S., the original justification for tariffs on both Canada and Mexico along with illegal immigration and border security.

Oh well. At least it’s not about a trade surplus.

 

[petros]

U.S. President Donald Trump said on Monday that the letters he sent to Prime Minister Mark Carney and other leaders about new tariff rates are "the deals," as Carney prepares to meet with his cabinet on tariffs and the trade negotiations.

U.S. dairy industry presses Canada for changes to quota — The Globe and Mail

U.S. exporters say system prevents them from using all of their tariff-free allotment to sell to Canada

apple.news

"I watched a show this morning and they were talking about, 'Well when's he going to make the deal?' The deals are already made. The letters are the deals. The deals are made. There are no deals to make," Trump said during an Oval Office meeting with NATO Secretary-General Mark Rutte.

Cabinet to meet Tuesday as Trump says 35% tariff letter is 'the deal' — The Canadian Press

U.S. President Donald Trump said on Monday that the letters he sent to Prime

apple.news

Well, I guess there’s no room to negotiate anything, so the supply management issue about quotas is irrelevant then.

Trump on Saturday posted a letter to Mexican President Claudia Sheinbaum on social media that said Mexico would be hit with a 30 per cent rate.

A separate letter to European Commission President Ursula von der Leyen declared a 30 per cent rate for the European Union.

There is no clarity on why Canada is facing a higher tariff than either Mexico or the EU. Trump's tariff letter once again targets the issue of fentanyl coming from Canada to the U.S., the original justification for tariffs on both Canada and Mexico along with illegal immigration and border security.
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Oh well. At least it’s not about a trade surplus.

Why are the details of these negotiations hidden? Details of the FTA and NAFTA were public and helped shape the deals.

 

[pgs]

Why are the details of these negotiations hidden? Details of the FTA and NAFTA were public and helped shape the deals.

Because , elbows up Canada . We will show those damn Yanks who the boss is .

 

[Ron in Regina]

New trade deal with the U.S. “likely” (?) to include tariffs, Mark Carney says???

New trade deal with the U.S. likely to include tariffs, Mark Carney says — Toronto Star

A trade deal with the United States is unlikely without some level of tariffs, Prime Minister Mark Carney said Tuesday.

apple.news

 

[pgs]

New trade deal with the U.S. “likely” (?) to include tariffs, Mark Carney says???

New trade deal with the U.S. likely to include tariffs, Mark Carney says — Toronto Star

A trade deal with the United States is unlikely without some level of tariffs, Prime Minister Mark Carney said Tuesday.

apple.news

Because he is most qualified to negotiate with Trump .

 

[Ron in Regina]

Trump wrote an open letter to the prime minister last week, threatening to impose 35 per cent tariffs on Canadian goods starting Aug. 1, vaguely citing as reasons Ottawa’s trade deficit, counter tariffs, dairy trade restrictions, and failure to halt fentanyl from crossing the border. What Trump didn’t do — as he had done with the DST — was outline exactly what Carney needed to do to get things back on track??? On track for what though?

U.S.-Canada trade talks back underway as Trump’s wish list, from oil to DEI, keeps growing — National Post

The reasons Trump might have wanted to derail the negotiations — and what other surprises he might have in store

apple.news

It seems that the more Trump has pushed for concessions from Canada — on defence, on digital taxes, on fentanyl crackdowns — the more he’s been able to get.

Sources say his senior economic team feels they have to sell the president on deal structures, but that Trump often feels he can press for more.