tariffs,
Automakers hit hardest by the tariffs
The U.S. automakers build, assemble and use parts from Canada and Mexico. GM, Ford and Stellantis shares slammed. Workers load Chrysler minivans at the Stellantis Windsor Assembly Plant in Windsor, Ontario, January 31, 2025. The global economy is bracing for impact as U.S. President Donald Trump’s deadline to impose sweeping tariffs on the three largest …
RAND PAUL: Tariffs are simply taxes. Conservatives once united against new taxes. Taxing trade will mean less trade and higher prices.
We won the last election by complaining about Democrats' policies, which gave us high prices. Tariff lovers will be forced to explain the persistence of high prices…https://t.co/1Tc9HdSEHi — Rand Paul (@RandPaul) February 1, 2025 Out of all the news headlines that came out this weekend, this is the most shocking . pic.twitter.com/gwXrMDiM7y — Anna Wong …
Tariffs, Gold And Bitcoin! Gold Stable, Bitcoin And Stock Market Down, Mexican Peso Down And On Verge Of Collapse
by confoundedinterest17 As expected, the Trump Administration levied tariffs against Canada, Mexico, China, etc. The short-term result? Gold is stable, Bitcoin fell. Or as Gene Autry sang, “South of the Border (Down Mexico Way)”. The stock market? Down -1.53%. And then we have the doom porn about Mexico’s “impending” collapse. The Peso is declining, and Senator …
Tariffs cut spending, but at what cost? A deep recession is a real possibility. Auto production halting in a week? That’s a warning shot for supply chains.
To make America great again one thing we need to do is transition from an income-based tax system to a consumption-based tax system. Tariffs tax consumption. Since you get less of what you tax, tariffs reduce consumption. So, in the short run that means a severe U.S. recession. — Peter Schiff (@PeterSchiff) February 3, 2025 …
Canada’s tariffs are eye-opening, but the US still absorbs the brunt of trade imbalances.
It’s crazy when you really look at these numbers—Canada slapping such high tariffs on U.S. goods like milk and cheese. And yet, the U.S. is sending them financial aid and covering a large portion of their defense spending. When you compare the size of the U.S. economy to both Canada and Mexico combined, it’s clear …
Bitcoin’s timeline since tariffs began. Why is Bitcoin falling on trade war concerns?
Bitcoin’s timeline since tariffs began. Why is Bitcoin falling on trade war concerns? byu/IAmNotAnEconomist inFluentInFinance Bitcoin’s about to implode—get ready for the bloodbath. pic.twitter.com/6NZuEx1XKg — Jacob King (@JacobKinge) February 2, 2025
Here’s a list of U.S. products that Canada has placed tariffs on, based on the information available:
From Grok – **Dairy Products**: – Milk: 270% – Cheese: 245% – Butter: 298% – Yogurt: Included but percentage not specified – Sausages: 69.9% – **Poultry**: – Chicken: 238% – **Agricultural Products**: – Barley seed: 57.8% – Bovine/Meat: 26.5% – Eggs: 163% – Wheat: 94% – Sugar: 265% – Peanut butter: 295% – Rice: 150% …
Mexican president orders retaliatory tariffs against US
https://twitter.com/bennyjohnson/status/1885870351512449248
Rumor Alert! Reports about delaying 25% tariffs on Canada & Mexico are flying around, but no official word yet. Update: The White House confirms the March 1st report is false.
There’s been quite a buzz about potential delays in the 25% tariffs on imports from Canada and Mexico. Some sources have suggested that the tariffs, initially set to go into effect on February 1st, might be postponed until March 1st. However, there hasn’t been any official confirmation from the Trump administration. President Trump has reiterated …
The talk of tariffs is a tactic to take him seriously and act seriously
India to take back 18k citizens residing illegally from US to placate Trump. “Like several other nations, India is working behind the scenes to appease the Trump administration and avoid the brunt of its trade threats. The crackdown on illegal migration has been a signature campaign pledge for Trump. Within hours of his inauguration Monday, …
Trump threatens Putin with new taxes, tariffs and sanctions… “Let’s get this war over with. We can do it the easy way… or the hard way.”
TRUMP TO PUTIN: "Let's get this war over with. We can do it the easy way… or the hard way." pic.twitter.com/YFyZBoTiZR — Breaking911 (@Breaking911) January 22, 2025 pic.twitter.com/WpWwDdf7kb 🇺🇸🇺🇦🇷🇺 | Trump says he sees new sanctions against Russia as "likely" if Putin rejects negotiations. "Zelensky told me he wants to make a deal, I don't …
Peter Schiff: Without tariffs, U.S. faces higher inflation and mounting debt costs.
The downside of Trump backing away from tariffs is that there will not be an offset to the income tax cuts or net spending increases that are coming soon. That means larger budget deficits and higher inflation to finance the debt. One way or another, American consumers will pay. — Peter Schiff (@PeterSchiff) January 21, …
Trump’s tariffs on Mexico and Canada mark the first step; China and others to follow. The last big trade war was in 1930 at the start of the Great Depression.
The last significant trade conflict between the U.S. and Canada was indeed during the Great Depression in the 1930s. The Smoot-Hawley Tariff Act of 1930 led to increased tariffs on thousands of imported goods, which resulted in retaliatory tariffs from Canada and other countries, exacerbating the economic downturn. The last big trade war between the …
Americans stocking up on foreign goods before Trump tariffs: ‘a sense of urgency’ in prepping
Tablets and appliances made in China, hybrid cars built in Canada, European wine. As Donald Trump’s second inauguration as president quickly approaches, Americans are stocking up on goods in anticipation of tariffs Trump plans to place on imports, according to a Guardian reader poll. Since the election, Trump has promised to immediately impose a 25% …
Trump’s tariffs will shift markets from bullish optimism Friday to fear Tuesday.
https://twitter.com/FinanceLancelot/status/1879287185138163932
China adds dozens of US Companies to it’s export control list and 10 to it’s Unreliable Entities List before tariff’s start
China has imposed sanctions on 28 major US firms, including Boeing, Lockheed Martin and Raytheon, banning the export of dual-use items to these companies. Beijing says the sanctions aim to “safeguard national security and interests and fulfil international obligations" 🇺🇸🇨🇳 pic.twitter.com/jHEtN8sXhQ — Visegrád 24 (@visegrad24) January 3, 2025 China on Thursday said it was adding …
For the first time the CBO is admitting Trump’s tariffs (or threat of tariffs) could cut the deficit by trillions.
DEFICIT: For the first time the CBO is admitting Trump’s tariffs (or threat of tariffs) could cut the deficit by trillions. h/t @WallStreetMav pic.twitter.com/zWbOMhWf2G — @amuse (@amuse) December 20, 2024 The CBO estimates that a uniform increase in tariffs of 10% on all imports would decrease the federal deficit by $2.2 trillion over the next …
Trump Tariffs Explained: The 10% Tax on ALL Imports
Now that Donald Trump will be the next president once again a lot of people are wondering what’s going to happen to the US economy if he implements a tariff across all imported goods as he said he might. In this video we’ll take a look at some of the possible outcomes and consequences of …
Trump’s Tariffs: Why Some CEOs Aren’;t Buying the Doom and Gloom
(Bloomberg) — The alarm from economists has been clear for months: Brace yourself. If he delivers on his campaign promises for an aggressive package of new US tariffs, they’ve warned, a re-elected Donald Trump will set the stage for a historic period of turmoil in the global economy. And yet there’s a reason CEOs, bankers, …
China ‘deeply concerned’ as Trade War 2.0 set to begin with Donald Trump’s huge tariffs
China is “deeply concerned” about Trade War 2.0 as Donald Trump prepares for a return to the White House in January. Trump – who has promised to impose huge taxes on Chinese imports – will return to the presidency as a time of major upheaval in China. Beijing aims to tackle the massive debt burdening …
China puts provisional tariffs on European brandy after EU okays duties on Chinese EVs
BEIJING (AP) — Chinese drinkers may pay more for Remy Martin and other European brandies after the government announced provisional tariffs of 30.6% to 39% on those liquors Tuesday, four days after a majority of European Union countries approved duties on electric vehicles made in China. The tit-for-tat move potentially gives Chinese negotiators leverage in …
European Union votes to impose tariffs on Chinese electric vehicles
Key Points The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). “Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from EU Member States for the adoption of tariffs,” the EU said in …
Trump calls for 100% tariffs.
If enacted, the former president’s threat to smack 100% tariffs on countries that “leave” the U.S. dollar would be a “lose-lose” situation for the U.S. and China, says GROW Investment Group’s Hao Hong. Earlier this year, Trump had floated the idea of imposing tariffs of 60% or more on all Chinese goods if he wins …
Another Green Energy Company Declares Bankruptcy, Thank Biden’s Tariffs
by Mike Shedlock Conflicting goals often leads to the worst of both outcomes. That’s what’s happening with solar panels and EVs. SunPower Went Bankrupt Despite Huge Subsidies The Wall Street Journal reports Another Green Energy Subsidy Bust The 39-year-old SunPower is the latest solar rooftop business to fail this year. Others include Titan Solar Power and …
Lindsey Graham: “Working with President Trump, I plan to roll out Tariffs for Terror.”
Working with President Trump, I plan to roll out Tariffs for Terror. Iran is using oil profits to fund terrorism. Sanctions are important but they are either being evaded by Iran or not being enforced by the Biden Administration. That’s why I’m working on a proposal with… pic.twitter.com/zGZjMT5V3L — Lindsey Graham (@LindseyGrahamSC) June 20, 2024
Trump floats eliminating U.S. income tax and replacing it with tariffs on imports
Donald Trump discussed the idea of imposing an “all tariff policy” that would ultimately enable the U.S. to get rid of the income tax, sources told CNBC. He also talked about using tariffs to leverage negotiating power over bad actors, according to another source in the room. Trump championed tariffs during his first term in …
EU raises tariffs on Chinese cars to as much as 38%
The European Union on Wednesday said it would impose higher tariffs on Chinese electric vehicles. In a statement, the EU said it is imposing a 38.1% tariff on battery electric vehicle (BEV) producers who did not cooperate with its investigation, and a lower 21% duty on carmakers in the Asian country who complied but have …
Joe Biden Tariffs Against China Just Backfired on the US Economy!
Joe Biden has just passed numerous tariffs against China. But these tariffs will not help America close the manufacturing gap with China, nor will it stop China’s rise. The real loser in this entire trade war is the American consumer who will pay more for the products they need. In today’s video we break down …