Independent thinking for complex markets and current events
US and EU have locked in a trade pact that resets the terms of $1.3 trillion in annual exchange. Trump confirmed the deal from Turnberry, Scotland, after a closed-door session with Ursula von der Leyen. The agreement halts a tariff escalation set to detonate August 1. EU will inject $600 billion into US sectors over …
President Trump announced a trade deal with Vietnam on July 2 that slaps a 20% tariff on every Vietnamese product shipped to the United States and a 40% tariff on goods transshipped through Vietnam. In return, Vietnam agreed to impose 0% tariffs on all American goods entering its market. That includes cars, meat, grain, and …
📈 The Rise of China and the Decline of Japan in Global Exports byu/EconomySoltani inInfographics In 1958, China and Japan each accounted for approximately 2.5% of global exports. Japan’s share climbed to a peak of 10% in 1986, while China’s share declined to 1.4%. However, since the mid-1990s, Japan’s share has steadily fallen to 3% …
Trump publicly saying US China has reached a deal and China will send as much rare earth as needed to US 1. China never confirmed that, only stated more details of the principle of agreement framework has been identified and China will approve “Qualified” applications according to the law (no military use rare earth has …
BREAKING: China’s total export volumes of rare-earth magnets fell -74% year-over-year in May, the biggest monthly decline on record. This comes after a -45% drop seen in April. Total rare-earth magnet exports reached 1.2 million kilograms last month, the least since February… pic.twitter.com/AuqJRTrVkB — The Kobeissi Letter (@KobeissiLetter) June 23, 2025 🚨US economic activity is …
Iran is loading tankers and rushing oil out like it’s a race against time. Its main oil hub, Kharg Island, is packed to the brim with crude, even though exports jumped 44% in just 5 days. Satellite pics show tankers hiding far from shore, only darting in last minute to load and get out before …
Did Trump say Rare Earth problem is solved?China confirmed it is approving export application. That means export is being controlledEarly reports show no rare earth for military use has been approved https://t.co/2Azg3aK8DP — David Lee (@DavidLe76335983) June 19, 2025
The European Union aims to push trade talks past Trump’s July 9 deadline, knowing that a full agreement is unlikely within the timeframe. Officials are working to slow negotiations rather than rushing to meet Washington’s demands. The process is already bogged down by layers of bureaucracy, making any quick resolution nearly impossible. EU trade deals …
I think most Americans are under the impression the US accounts for the majority of Chinas exports Giving the US negotiating leverage The actual number is 14% It should be no surprise Xi is “very tough and hard to make a deal with” https://t.co/ThuwzXWoAq pic.twitter.com/ERt9EEF6d4 — George Gammon (@GeorgeGammon) June 4, 2025
pic.twitter.com/Uc8Ndc22Gw — Tablesalt 🇨🇦🇺🇸 (@Tablesalt13) May 31, 2025 In fact Canada only has 2 main industry- oil and wood 🪵 If global recession comes and oil goes below $40 and housing market crashes , Canada unemployment will go above 20% all within 3 years from now . https://t.co/1pm96R2cND — tic toc (@TicTocTick) May 31, 2025 …
What The Headline GDP Number Doesn’t Show byu/stockpreacher instockpreacher BREAKING: US goods imports fall -19.8% in April as President Trump's "reciprocal tariffs" effectively halted trade with many countries. This marks the largest drop in history for US goods imports. — The Kobeissi Letter (@KobeissiLetter) May 30, 2025 “There was always concern that it would be …
(Bloomberg) — Chinese shipments of Apple Inc.’s (AAPL) iPhone and other mobile devices to the US dived to their lowest levels since 2011 in April, underscoring how the threat of US tariffs choked off the flow of big-ticket goods between the world’s two largest economies. Smartphone exports slid 72% to just under $700 million last …
The trade deficit will find another level but the situation is actually worse once people step back and think about sht for more than a degenerate price tick. The underlying problem with this disorderly “Flood the Zone” manner in which the current ‘rebalancing’ of US trade is being conducted is that trade disruptions are happening …
by Michael Over the last several decades, the global economy has become more interconnected than ever, but now everything is changing. The flow of goods between the number one economic power on the planet and the number two economic power on the planet is absolutely imploding, and that is going to have enormous implications on …
by Fidler_2K https://www.cnbc.com/2025/05/06/trump-tariffs-hit-us-exports-import-covid-level-event.html The Port of Portland, Oregon, tops the list with a 51% decrease in exports, while the Port of Tacoma, Washington, a large agricultural export port, has seen a 28% decrease. Tacoma’s top destinations for corn, soybeans and other ag exports include Japan, China and South Korea. The trade data shows declines of …
Last week’s trade data shows an incredibly bleak picture for the economy: – 49% drop in global container bookings – 64% drop in U.S. imports. – 30% drop in U.S. exports. The data from March 24-31, 2025, compared to the subsequent week (April 1-8, 2025), shows a dramatic decrease in pre-order quantities. The total number …
China choosing to escalate rather than deescalate. China has a near universal monopoly on rare earth minerals needed for essentially all modern manufacturing. This is a major problem. pic.twitter.com/qHeqtojax3 — Spencer Hakimian (@SpencerHakimian) April 13, 2025 BREAKING: China suspends exports of certain rare earth minerals to the United States. — Financelot (@FinanceLancelot) April 13, 2025 …
This week, President Donald Trump imposed at least 54% tariffs on nearly all imported Chinese goods, and Beijing hit back with 34% duties for goods from the U.S. In addition to these taxes, Bloomberg reported that China is restricting the export of seven rare earth metals as part of its move against Washington. The Ministry …
TORONTO (AP) — Ontario’s premier, the leader of Canada’s most populous province, announced that effective Monday it is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump’s trade war. Ontario provides electricity to Minnesota, New York and Michigan. “I will not hesitate to increase this charge. If the …
5.3 trillion is total commodity report and 1.5 trn is oil Charted: $5 Trillion in Global Commodity Exports, by Sector This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. This chart categorizes over $5 trillion in …
via oilprice: Crude oil exports from Iran hit the highest level in six years during the first quarter of the year, data from Vortexa cited by the Financial Times has shown. The daily average over the period stood at 1.56 million barrels, almost all of which was sent to China, earning Tehran some $35 billion. …
Israeli foreign minister Israel Katz denounced Canada’s decision to suspend future arms exports to Israel, saying “history will judge” the Western nation for reneging on its support for Israel amid the ongoing war with Hamas. Canadian foreign affairs minister Mélanie Joly announced Tuesday that the Trudeau-led government would stop sending weapons to Israel, Israeli newspaper …
BEIJING (Reuters) — China’s export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers given protracted weakness in manufacturing has been a drag on the economy. China’s exports in the two months were 7.1% higher than a year before, customs data showed …
Russia will impose a six-month ban on gasoline exports starting March 1 to meet rising domestic demand, the RBC news outlet reported Tuesday, citing two government sources and a representative of Deputy Prime Minister Alexander Novak. Novak was said to have told Russian Prime Minister Mikhail Mishustin in a letter last month that demand for …
Texas Land Commissioner Dawn Buckingham says President Joe Biden’s recent decision to stop approval of Liquified Natural Gas (LNG) exports looks “more like retaliation than a sound policy decision.” Biden’s announcement came one day after “Texas took a bold stand in defending our border against foreign invaders,” the commissioner added. President Biden announced on January …
via naturalnews: This is a truly incredible development. Joe Biden has just halted all new LNG exports from the United States (https://www.rt.com/business/591337-biden-halts-lng-exports/), and this comes after the US Navy destroyed the Nord Stream pipelines feeding energy to Europe. In addition, Qatar has just announced a halting of LNG exports due to the risk of ships …
via Mike Shedlock: The climate fear mongers are pressuring Biden to ban natural gas exports. Let’s discuss the ramifications. Climate Test for Natural Gas Exports Politco notes Biden’s Aides Weigh Climate Test for Natural Gas Exports. The Biden administration is launching a review that could tap the brakes on the booming U.S. natural gas export industry …
China REITs plumb record lows as economic gloom lingers SHANGHAI/SINGAPORE, Jan 11 (Reuters) – China’s real estate investment products are tumbling, extending last year’s slump as investors lose hope for a recovery in the economy and property assets such as industrial parks and logistics hubs. Chinese real estate investment trusts (REITs), which issue shares to …
🌍 Global Supply Chain Pressure Index rising. “Two continental shipping passages, the Suez and Panama canals, are suffering from obstructions to trade traffic.” Not good for short-term goods #inflation. H/t: @FinancialTimes pic.twitter.com/FBwiN1DIF1 — Alex Joosten (@joosteninvestor) December 21, 2023 🇨🇳 China Bans Exports of Some Rare-Earth Processing Technologies China accounted for more than two thirds …
