Tracking Trump's Tariffs and Turbulent Trade Talks

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ritholtz.com

IEEPA Tariffs Update - The Big Picture

Two weeks ago, I wrote “It’s Tariff Week! *.” The asterisk added the word “Hopefully…” “This is likely the week the Supreme Court issues a ruling on the IEEPA tariffs in place since April 2025.” I wrote, getting it totally wrong. It turned out to be (mostly) wishful thinking on my part. As…Read More
ritholtz.com ritholtz.com
 

Trade deficit soared 94% in November and was higher than a year ago, despite tariff efforts​

  • The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled.
  • Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October.
The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday.

Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October. Of that gain, about one-third came with the European Union, where the goods deficit rose by $8.2 billion. The goods deficit with China decreased by about $1 billion to $13.9 billion.

More:

www.cnbc.com

Trade deficit soared 94% in November and was higher than a year ago, despite tariff efforts

The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled.
www.cnbc.com www.cnbc.com
 
searcher said:

Trade deficit soared 94% in November and was higher than a year ago, despite tariff efforts​

  • The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled.
  • Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October.
The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled and the impact of President Donald Trump’s tariffs worked their way through the economy, the Census Bureau reported Thursday.

Following a month where the trade deficit hit its lowest level since early 2009, it shot up to $56.8 billion, an increase of 94.6% from October. Of that gain, about one-third came with the European Union, where the goods deficit rose by $8.2 billion. The goods deficit with China decreased by about $1 billion to $13.9 billion.

More:

www.cnbc.com

Trade deficit soared 94% in November and was higher than a year ago, despite tariff efforts

The U.S. deficit with its global trading partners nearly doubled in November as the shortfall with the European Union swelled.
www.cnbc.com www.cnbc.com
Click to expand...
And in Jan 2025 it was $162,517 billion.
......so why wasn't that a problem? Trump's policy's is what kept from continuing the Biden decline. But Biden was better, huh? lol
 

World leaders flock to Beijing, hedging against U.S. disruptions​

  • At least five world leaders have visited Beijing in January alone.
  • The high-level visits come as countries navigate tense U.S. relations.
  • Business executives are also using the opportunity for China deals.
BEIJING — Countries that shunned China during its trade dispute with the U.S. are now sending their leaders to Beijing for meetings with Chinese President Xi Jinping — and are keen to strike business deals.

At least five national leaders, including British Prime Minister Keir Starmer and Canadian Prime Minister Mark Carney, have visited Xi in January alone. Uruguay’s President Yamandú Orsi is due to make the trip next week — the first by a South American leader since U.S. President Donald Trump captured Venezuelan leader Nicolás Maduro and his wife in early January.

More:

www.cnbc.com

World leaders flock to Beijing, hedging against U.S. disruptions

Nations that avoided China in recent years are now sending their leaders to Beijing for meetings with Chinese President Xi Jinping.
www.cnbc.com www.cnbc.com
 
I swear, we are driving people to BRICs and into the arms of Russia and China...
 

Trump refuses to be outdone by Europe, signing his own U.S.-India trade deal​

  • The U.S. and India have signed a trade deal, the countries’ leaders announced, although details remain scant.
  • The deal comes days after the European Union and India signed a free trade agreement in which they agreed to slash tariffs on most goods to zero, but over a number of years.
  • The U.S. deal comes after global trading partners have been signing trade pacts, leaving America looking ostracized and isolated.
U.S. President Donald Trump’s announcement Monday that he has agreed a trade deal with India comes hot on the heels of Europe’s own trade agreement with New Delhi, signaling Washington is not willing to be outdone by its global competitors.

The U.S. deal comes after global trading partners like the European Union and India, and China and Canada, have signed their own trade pacts since the new year, leaving America — which has been trigger-happy when it comes to imposing punitive tariffs on trading partners — looking ostracized.

Analysts had said those deals, and particularly the EU-India pact, could “light a fire” under the U.S. to get its own stalled trade agreement with India done and dusted, but it has come quicker than most expected.

More:

www.cnbc.com

Trump refuses to be outdone by Europe, signing his own U.S.-India trade deal

The U.S. deal comes after global trading partners have been signing trade pacts, leaving America looking ostracized and more isolated.
www.cnbc.com www.cnbc.com
 

Trump to sign executive order quadrupling beef imports from Argentina​

Washington — President Trump is expected to sign an executive order Friday that quadruples the amount of beef imported into the U.S. from Argentina under a new trade agreement with the South American country, according to a senior administration official.

Argentina's Foreign Ministry wrote in a statement that the new agreement, which was signed Thursday, will "grant an unprecedented expansion of preferential access for Argentine beef to its market by 100,000 tons," representing an increase of "$800 million in Argentine beef exports."

More:

https://www.msn.com/en-us/money/mar...s-from-argentina/ar-AA1VPD6w?ocid=socialshare
 
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