Tracking Trump's Tariffs and Turbulent Trade Talks

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searcher said:
  • Trump accused the EU of ”‘ROBBING’ American Companies” through its fines against U.S. tech giants, including a recent $1 billion fine on Google
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That's fine with me. The EU has both stupidity and wisdom at the same time. If google wants to do business in the EU, and breaks their laws, then pay out. If google leaves the EU without their services, that's fine too. Let EU lay in the nest they made for themselves.

If the EU (and the US IRS) is unhappy with Apple parking their billions of profits in Ireland, then they should first examine the rules they created, and Apple just followed.

Taxes do not create wealth, and I think the EU spending their time on taxes is really stupid when their actual energy inputs are reaching emergency levels. Germany shut down nuclear power for no god damn reason, and then "some government" bombed the natural gas pipeline from Russia that was important to their economy.

And it seems that most of the EU people do not pay attention to the destruction that their politicians are doing to their countries. If I were Irish, French, or German, I would be outraged about EVIL POLITICIANS were somehow getting into offices of power. And these same evil people are bent on destroying their countries. (I leave out the word "own" before countries because it seems that somehow shitty outsiders are getting elected. How is this possible?!)
 
ritholtz.com

Tariffs, Yet Again - The Big Picture

Overnight, the Trump Administration announced a new, massive set of tariffs, claiming authorization by Section 301 of the Trade Act of 1974. The full list of the 60 countries tariffs were levied on is at The Independant. These are as likely unlawful as the IEEPA tariffs were, but for different...
ritholtz.com ritholtz.com
 
searcher said:
:dontknow:


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You can thank the Stuporemes for this one.

Congress has the power to enact tariffs. If they pass a bill stating that, in the current situation and for a specified time, the President has the power to impose tariffs, then, any reasonable reading of law would hold it to be correct. Maybe unwise, but it's not delegating authority; simply allowing the minutia to be handled, for a time, by the Executive.

But the Stuporemes are so overwhelmed with TDS and enough of them part of the Liberal mental-illness cluster, they had to create more havoc.

Tariffs are to do EXACTLY this - put trade barriers in the way to protect domestic industry, or develop it, or re-grow it.
 
Casey Jones said:
Congress has the power to enact tariffs. If they pass a bill stating that, in the current situation and for a specified time, the President has the power to impose tariffs, then, any reasonable reading of law would hold it to be correct
Click to expand...
Yes, any reasonable person see that right away.
....but TDS being what it is, blinds half the nation to basic common sense readings of the law.

Maybe their position is that they didn't enact that law for someone they don't like to actually use it.

It's only for use by those potus' they approve of.



Casey Jones said:
Maybe unwise, but it's not delegating authority; simply allowing the minutia to be handled, for a time, by the Executive.
Click to expand...
That's pretty much the definition of delegating power.

Congress could have done the work themselves, but enacted a law that instead handed the power over that particular matter to the Executive.

They delegated their authority over a particular subject, to someone else.




Casey Jones said:
Tariffs are to do EXACTLY this - put trade barriers in the way to protect domestic industry, or develop it, or re-grow it.
Click to expand...

The anti-Trumers in DC have been working for decades to remove any barriers protecting domestic production from foreign imports.

They want World government and to build up the rest of the World at our expense.
 
Fortune

Trump’s tariffs were supposed to boost American manufacturing, but the new levies are actually pushing some companies back to China​

In both of his administrations, President Donald Trump has wielded tariffs as a means of discouraging trade relationships with China, as well as incentivizing American reshoring, but this strategy may be backfiring. As Trump’s import tax plan continues to fluctuate, some U.S. companies who initially moved away from China are now reinvesting in suppliers there.

Alliance Consumer Group, a Texas-based flashlight company, encouraged its Chinese manufacturer to build a factory for its products in Thailand when U.S. tariffs on China ballooned last year, making it financially challenging to import manufactured goods from there. But now that the levies on Chinese goods have fallen to similar levels as other areas of southeast Asia such as Vietnam and Thailand, Alliance Consumer Group is reconsidering where it manufactures its flashlights.

More:

https://www.msn.com/en-us/money/mar...es-back-to-china/ar-AA29qvnV?ocid=socialshare
 
  • A federal trade court upheld President Donald Trump’s elimination of the “de minimis” loophole, which allowed low-value goods to be imported to the U.S. tax free.
  • Trump, a major proponent of tariffs and other forms of protectionism, celebrated the continued closure of the exemption, which he claims has cost the U.S. billions of dollars in uncollected tax revenue.
www.cnbc.com

Trade court upholds Trump's closure of 'de minimis' loophole

President Donald Trump in a Truth Social post celebrated the continued closure of the deminimis exemption as a "BIG WIN."
www.cnbc.com www.cnbc.com
 
www.csis.org

Section 301 Tariffs and China: A Risky Gambit

Scott Kennedy and Claire Reade outline how USTR’s new Section 301 tariffs face legal hurdles, have not achieved their intended economic results, and are making it more difficult for the United States and allies to align in tackling China’s non-market practices.
www.csis.org www.csis.org
 

Redding says 'we've seen direct implications with trade' over tariffs​


(The Center Square) – Federal tariffs pose challenges now for farmers in Pennsylvania and across the nation, while a long-term trend puts the industry at risk, according to the state's top agricultural voice.

“We've had this pendulum swing back and forth on the president's and the administration's approach to the international community, I'll say,” said Russell Redding, the state’s Secretary of Agriculture. “And that has been particularly challenging of figuring out relationships, whether that's with Canada or Mexico or the USMCA environment, or if it's some of our other partners: 130-some partners around the country, around the world.”

More:

https://www.msn.com/en-us/money/mar...ade-over-tariffs/ar-AA2a82wr?ocid=socialshare
 

Tariff refunds are juicing corporate profits and GDP as more tailwinds converge to propel growth to a blistering 4.3% pace, top economist says​


The Trump administration has returned more than $100 billion to U.S. businesses and importers that paid his global tariffs, and the money is quickly heating up the economy.

The refunds are already boosting bottom lines, and 40 companies in the S&P 500 have recorded $9.6 billion, with Apple alone reporting nearly $2.2 billion, according to a Wall Street Journal tally. Other top recipients include Nike, FedEx, Amazon, and General Motors.

“Not only are tariff refunds boosting corporate earnings, they are also boosting GDP growth,” Apollo Chief Economist Torsten Slok said in a note on Saturday.

He estimated that the refund money will contribute about 0.2 percentage point to third-quarter GDP growth, which the Atlanta Fed says is tracking toward 4.3%.

More:

https://www.msn.com/en-us/money/mar...p-economist-says/ar-AA2acyC7?ocid=socialshare
 

Midnight showdown looms as US and Canada meet to sidestep Trump’s tariff blitz​

The US and Canada are locked in last-minute talks to prevent a fresh wave of tariffs from striking at 00:01 ET on Wednesday. US President Donald Trump has vowed to slap 50% duties on $20 billion (€17.2bn) worth of Canadian products if a deal is not reached in time.​

With the clock running down, Washington and Ottawa are scrambling through final talks aimed at blocking the scheduled 50% import taxes on roughly $20 billion (€17.2bn) in Canadian goods that would otherwise begin just after midnight Wednesday.

More:

www.euronews.com

Midnight showdown looms as US and Canada meet to avoid Trump tariffs

The US and Canada are locked in last-minute talks to prevent a fresh wave of tariffs from striking at 00:01 ET on Wednesday. US President Donald Trump has vowed to slap 50% duties on $20 billion (€17.2bn) worth of Canadian products if a deal is not reached in time.
www.euronews.com www.euronews.com
 

Opinion: What is Trump afraid we will see about how the tariffs were formulated?​

When the Office of the U.S. Trade Representative unveiled its now-infamous "Liberation Day" tariff formula in April 2025, economists quickly noticed that something was not right.

At first glance, the formula looked impressive. It had Greek symbols, academic citations, and all the trappings of serious economic analysis. But once economists began examining it, the sophistication quickly fell away. Key terms, they noticed, effectively cancel one another out, leaving little more than a calculation driven by bilateral trade deficits.

Read the rest here:

https://www.msn.com/en-us/news/poli...-were-formulated/ar-AA2aywij?ocid=socialshare
 
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