Tracking Trump's Tariffs and Turbulent Trade Talks

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Terminal Tariffs: Modeling the Final Destination of Trump’s Trade War​

(Bloomberg) -- President Donald Trump’s return to the White House has thrown the global trade system into disarray. Leaders have rushed to secure deals with Washington. Average US tariffs have leaped from 2% last year to close to 16%, a level last seen in the 1930s. The new regime will create many losers, few winners.

Further seismic shifts are possible. We consider three scenarios: a détente with China, an all-against-China alliance and the emergence of “Fortress North America.” For each we assess how small open economies—the orphaned children of the rules-based trade order—can navigate a path through the great-power rivalries that threaten their prosperity.

Read the rest here:

https://www.msn.com/en-us/money/mar...rump-s-trade-war/ar-AA1QHo80?ocid=socialshare
 

Why Trump’s tariff rollback won’t lower grocery prices right away​

  • President Donald Trump is rolling back tariffs on some imported food items, but that won’t lower grocery prices right away.
  • Inventories of food and commodities that were purchased at higher prices due to tariffs are beginning to hit store shelves, raising costs for consumers.
  • Economists caution there is no guarantee that prices will return to previous lower levels even after inventories are exhausted and replenished.
President Donald Trump announced on Nov. 14 that his administration is rolling back select tariffs on items including coffee, beef, cocoa and bananas, as he faces blowback for high grocery prices. But that doesn’t mean those prices are coming down anytime soon.

Consumer price relief will take time, according to supply chain management data and history.

The reason: inventories.

More:

 

Tariffs Could Inch Lower in 2026. But Another Ticking Time Bomb for Trade Is Looming​

Consumer angst about rising prices could open the door for tariffs to inch down further in coming months. But analysts say trade volatility will persist as the U.S. tackles its relationship with its two biggest trading partners: Canada and Mexico.

The Trump administration has already been dialing the needle back elsewhere. Earlier this month, the administration rolled back tariffs on coffee, bananas, beef, and other food items, including many of the 50% punitive tariffs it had put on Brazil for the treatment of Trump ally and former President Jair Bolsonaro.

Read the whole thing here:

https://www.msn.com/en-us/money/mar...trade-is-looming/ar-AA1R9aTY?ocid=socialshare
 

Tariffs trickle into cost of Thanksgiving dinner, jilting consumers and farmers​

TOPEKA — Collin Tuthill, president of one of the country’s largest canned and frozen food importers and distributors, said the current state of the U.S. food industry is “like we live in some kind of alternate universe.”

The most efficient industry is being hit the hardest by tariff policies and rising costs, he said Tuesday during a video call with reporters.

“The folks that are taking the punches are the ones that can’t really afford to take the punches,” said Tuthill, president of Royal Food Import, a North Carolina-based company that distributes food to hospitals, food banks, schools and prisons.

More:

 
Fatrat said:
The U.S. Commerce Department has proposed a 92% tariff on 13 Italian pasta brands due to an anti-dumping investigation, which could be combined with a 15% baseline tariff on EU goods, raising the total cost of imports to over 107%. This could make the pasta significantly more expensive for American consumers and potentially lead to some brands leaving the U.S. market entirely, though some companies like Barilla have pasta production facilities in the U.S. and are evaluating their options. The final decision is expected in January 2026, and Italian officials are considering trade complaints.
Click to expand...
Bought some Italian pasta yesterday. Possibly for the first time. I never really paid any attention to where my pasta is made. Lol

Anyways, went to buy some regular elbow macaroni, but the pasta area almost looked like the toilet paper aisle during the coof.

All that was left was lasagne spaghetti and bow ties. Was also something called radiatori pasta made in Italy that I ended up getting.

The tariffs were terrible on it. Box of the stuff cost me a whole $2 and change.

I think it'll be the only kind I'll buy from now on. It's good. I like it a lot.
 
Joe King said:
Bought some Italian pasta yesterday. Possibly for the first time. I never really paid any attention to where my pasta is made. Lol

Anyways, went to buy some regular elbow macaroni, but the pasta area almost looked like the toilet paper aisle during the coof.

All that was left was lasagne spaghetti and bow ties. Was also something called radiatori pasta made in Italy that I ended up getting.

The tariffs were terrible on it. Box of the stuff cost me a whole $2 and change.

I think it'll be the only kind I'll buy from now on. It's good. I like it a lot.
Click to expand...
Italian pasta tends to be made from Duram wheat... Pasta in Italy may be easier on your stomach due to a combination of factors, including the use of different wheat varieties, traditional slow-drying methods, and the common practice of cooking it al dente. Additionally, stricter regulations in Italy ban certain pesticides and additives that are common in U.S. food production, and the more relaxed travel mindset can also play a role.
 
Fatrat said:
Italian pasta tends to be made from Duram wheat... Pasta in Italy may be easier on your stomach due to a combination of factors, including the use of different wheat varieties, traditional slow-drying methods, and the common practice of cooking it al dente. Additionally, stricter regulations in Italy ban certain pesticides and additives that are common in U.S. food production, and the more relaxed travel mindset can also play a role.
Click to expand...
If Durum wasn’t spelled odd id think AI wrote that. Polished. I brought pasta from Turkey as a healthy souvenir (pesticides, fertilizers)

Bariilla paid a fine for misleading customers to think all their products were italian. In Turkey this month i bought a 500g bag of nice Ankara branded pasta for 66 cents/28 lire. The Turkish factory Barilla brand was 75 cents more. Pretty fun learning about durum wheat. It is durable, but vitreous. It’s vitreosity makes the kernel shatter rather than crush. Changes its water absorption, and thereby its gluten formation. Makes classic pasta. Fun
 

Costco sues Trump admin seeking tariff refunds before Supreme Court rules if they’re illegal​

  • Costco filed a lawsuit asking for a full refund of tariffs the warehouse club giant has paid since President Donald Trump imposed “reciprocal” and “fentanyl” tariffs earlier this year.
  • Costco’s suit in the U.S. Court of International Trade notes that it might not be able to get the refunds later, even if the Supreme Court upholds lower court rulings that the tariffs are illegal.
  • Trump invoked the International Emergency Economic Powers Act to impose those often high tariffs on imports from most of the world’s nations.
Costco sued the Trump administration to get a full refund of new tariffs it paid so far this year, and to block those import duties from continuing to be collected from the retail warehouse club giant as a Supreme Court case plays out.

In the suit filed Friday, Costco said that it risks losing the money it has already paid to satisfy the tariffs even if the Supreme Court eventually upholds earlier lower court rulings that found President Donald Trump did not have the legal power to impose those duties.

More:

 

Delayed tariff impact starting to hit, could cause companies to reduce head count in 2026​

  • Tariffs aimed at reshoring U.S. jobs lost to overseas manufacturing could end up lowering head count instead, according to statements from corporate executives and economic forecasters.
  • Respondents to the Institute for Supply Management’s November survey of factory conditions expressed elevated levels of worry.
  • A report Tuesday from the OECD indicated that tariffs have yet to bite the global economy but warned that the full impact could be still to come.
President Donald Trump’s tariffs, aimed at reshoring American jobs lost to overseas manufacturing, could end up lowering domestic head count instead, according to recent statements from corporate executives and economic forecasters.

With the labor market already on its heels in a no-fire, no-hire climate, concerns are rising that the duties on U.S. imports will raise operating costs and force companies to start paring their employment rolls.

For instance, respondents to the Institute for Supply Management’s November survey of factory conditions expressed elevated levels of worry.

More:

 
You must log in or register to reply here.
Back
Top Bottom