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(Reuters) – The Trump administration is considering revoking tariff exemptions for low-value shipments from China, known as “de minimis,” as part of Wednesday’s tariff announcement, a source familiar with the plans said. The de minimis rule allows goods valued under $800 to enter the U.S. without tariffs, a loophole that …
by David Haggith Real hot! Because this time is different! Entirely and extremely different! The stock market, again, appears unhinged as traders seem to be doing their best to bid the market back up just before Trump’s April 2nd tariffs destroy the market (timed for April 2 so as not …
High interest rates have been battering consumers for years. And there’s been a lot of pressure on the Federal Reserve to lower its benchmark interest rate, since that should result in lower consumer borrowing costs across the board. But in March, the Fed opted to keep its benchmark interest rate …
Reversing a 75-year trend of lower tariff rates, Team Trump’s tariffs are expected to take tariff rates to 8.4% this year, the highest since 1948 byu/RobertBartus inEconomyCharts
by Mike Shedlock Across-the-board tariffs of up to 20% are back on the table ahead of April 2 “Liberation Day”. Trump Team Weighs Broader, Higher Tariffs Futures were down sharply overnight on still more conflicting tariff statements from Trump. As I type the Dow is back in the green and …
Many countries impose tariffs on U.S. cars, including pickup trucks, with rates varying significantly. For example, India has a tariff of 100% on imported cars, while countries like China have imposed tariffs as high as 40% on U.S. vehicles during trade disputes. Some nations, particularly those with protectionist policies, have …
by David Haggith Trump’s tariffs have already been cycled on and off again twice this year, and now Trump says he will dial their heat way down before he attempts to turn them on for a third time. Trump cools his own threats. Today, Trump began to rapidly cool his …
President Donald Trump said countries that purchase oil and gas from Venezuela will face a 25% tariff on the trade those nations have with the U.S. starting April 2. China was the largest destination for Venezuelan crude last year, followed by the U.S., India and Spain. The Treasury Department also …
BOSTIC: FAMILIES AND FIRMS ARE TELLING THE FED THEY DON'T REALLY KNOW WHERE THE ECONOMY IS HEADING PROJECTION OF INFLATION FOR THIS YEAR IS NOW PRETTY MUCH SIDEWAYS; NO RETURN TO TARGET UNTIL 2027 NO JUST SEE ONE CUT THIS YEAR, EXPECTING INFLATION TO BE VERY BUMPY — PiQ (@PiQSuite) …
🚨 “Ireland is my favourite tax scam – it’s gotta end” Howard Lutnick did not hold back in a recent interview. Rightly or wrongly he has Ireland directly in his sights. What is Plan B?? pic.twitter.com/9ThtlC24gL — Nick Delehanty 🇮🇪 (@Nick_Delehanty) March 21, 2025
Earnings are set to disappoint, and it’s not just about outlooks. The damage is already done. Some are wondering why the Russell 2000 is getting hammered while tech stocks are the focus of the pullback. Others debate whether earnings themselves will be bad or if only guidance will suffer. The …
by David Haggith Donald Trump in boxing ring getting hit back by the rest of the world Bill Bonner writes today that Republicans have created “a big beautiful bill” to add another $2-trillion to the US national debt per year to bring it up to a nice rosy and round $40-trillion before …
He’s playing a dangerous game, using Europe as a pawn. Is Trump's tariff war a deliberate strategy to tank European bonds for U.S. inflation control? He mentioned rates falling significantly during the State of the Union speech. Either way, orchestrating a local market collapse (US) to implode Europe will have …
PM Justin Trudeau Is Crying On National Television. Canadians Don’t Want To See Your Face Again. Despite The Tariffs We Need An Election NOW‼️ pic.twitter.com/B0XoCXvq0i — 401_da_sarpanch (@401_da_sarpanch) March 6, 2025 The U.S. imposed 25 percent tariffs on all goods imported from Mexico and Canada rocketing the country into a …
US DEFENCE Secretary Pete Hegseth declared that the US is “prepared” for war with China in response Beijing’s chilling World War Three threat.Presiden https://www.the-sun.com/news/13701537/prepared-war-china-trump-defence-tariffs/
by Mike Shedlock ISM services slipped in January as manufacturing rebounded. ISM chart and excerpts below by permission from the Institute for Supply Management® ISM® Please consider the January 2025 Services ISM® Report On Business® emphasis mine. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply …
President Trump made it clear during his presidential campaign that tariffs will be a part of his policy-making. He has followed through on that. But tariffs are very risky business. Yes, you can get lucky with them being a political tool at times. But tariffs can also turn… pic.twitter.com/wcEr7HYHXy — …
Canada’s tough talk feels hollow when it’s Trudeau against U.S. tariffs. Threatening “everything” sounds dramatic, but what leverage does he actually hold? This bluster won’t intimidate a powerhouse like the U.S. Trudeau: "If the President does choose to proceed with tariffs on Canada, Canada will respond, and everything is on …
China Has Limited Firepower to Counter U.S. Tariffs While Beijing has already brandished the ways it could hit back at Trump’s levies, such retaliation risks boomeranging SINGAPORE—In the weeks since the election, China has flaunted the ways in which it could hit back at the U.S. in the event of …
Nvidia and AMD rush to stockpile graphics cards ahead of Trump tariff that could raise prices by 40% A $2,500 RTX 5090? If you’re thinking of buying a next-generation graphics card, you might want to do it sooner rather than later. Nvidia and AMD are reportedly increasing the production and …
“Depending on the nature and the rate and how it’s structured, it could be pretty substantial,” Clark Packard, a research fellow at the Cato Institute’s Herbert A. Stiefel Center for Trade Policy Studies, told FOX Business about the impact of tariffs on consumer prices. “He talked on the campaign trail …
by Mike Shedlock Companies are mounting a campaign to soften the Trump’s trade threats, but Trump’s team says he is serious. Trump Not Budging on Tariffs The Wall Street Journal reports CEOs Want Trump to Change Course on Tariffs. He Isn’t Budging. Donald Trump’s tariff threats have triggered a behind-the-scenes lobbying …
Mexico’s Economy Minister Marcelo Ebrard suggested on Monday that the Mexican government could retaliate with its own tariffs on U.S. imports if the incoming Trump administration slaps tariffs on Mexican exports. Ebrard made the comments in an interview with local broadcaster Radio Formula, in which he reflected on how President-elect …
Steve Madden’s CEO said the company will reduce the goods it imports from China by as much as 45% over the next year. On the campaign trail, President-elect Donald Trump said he would impose a 10% to 20% tariff on all imports, with tariffs as high as 60% to 100% …
via Mike Shedlock: In a recent interview with Larry Kudlow on Fox news, Trump proposed a “ring around the collar” of the U.S. economy, “When companies come in and they dump their products in the United States, they should pay, automatically, let’s say a 10 percent tax. That money would be …