The Trump Tariffs thread

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Josh128

Senior member
Oct 14, 2022
714
1,232
106
Less things to transport, less oil needed.
Partially related, but moreso that OPEC just announced they will pump 3x more oil next month than previously planned, due to rumors that some of the cartel were selling more than their quotas in secret. In a nutshell, Saudis are punishing those who tried to profit by doing this, similiar to how they crashed oil to -$20/bbl back in 2021.


 
Last edited:

Indus

Lifer
May 11, 2002
14,111
9,863
136
LOL the host is in so much denial.. she might be auditioning for Fox..

Doesn't seem to accept the trade war is already here and it will take 3 years for Apple to move supply chain to America.

 

Muse

Lifer
Jul 11, 2001
39,716
9,525
136


“California is a stable trading partner and we hope you remember that as you consider California-made products,” Gov. Gavin Newsom said in a video statement to foreign governments.Credit...Damian Dovarganes/Associated Press

Gov. Gavin Newsom of California is trying to get around President Trump’s tariffs to protect trade in a state with the world’s fifth-largest economy, asking his administration on Friday to pursue new international trade deals to exempt California products from any retaliatory tariffs.

Mr. Newsom, a Democrat, called on foreign governments to exclude items made in California from any actions they take in response to the tariffs Mr. Trump announced this week.

“Donald Trump’s tariffs do not represent all Americans, particularly those I represent here in the fifth largest economy in the world, the state of California,” Mr. Newsom said in a video announcement. “California is a stable trading partner and we hope you remember that as you consider California-made products.”

California is the nation’s largest agricultural producer and home to the most Fortune 500 companies in the country. It exported $23.6 billion in agricultural products in 2022, with almonds, dairy products, pistachios, wine and walnuts making up the top exports.

The Newsom administration also fears that retaliatory tariffs from countries that provide construction supplies, including timber, steel and aluminum, could hamper rebuilding in Los Angeles after January’s devastating wildfires.

Mr. Newsom announced the plan early Friday in a news release and a brief video that did not dive into the details about how California’s separate trade deals might work. He sent a similar announcement to the email list he uses for political fund-raising. “The trade war that Donald Trump has launched is going to be felt in pretty profound ways to real people, including those who voted for Donald Trump and are now being betrayed by this very administration,” the email read.

The governor’s announcement could ratchet up animosity between California and the Trump administration, which has already targeted the state with multiple investigations and legal challenges, including six announced in just one day last week.

“Gavin Newsom should focus on out-of-control homelessness, crime, regulations, and unaffordability in California instead of trying his hand at international dealmaking,” White House spokesman Kush Desai said in a statement about Mr. Newsom’s appeal to other nations.

California’s economy relies on heavy trade with Mexico, Canada and China. Mr. Newsom said Mr. Trump’s tariffs could result in major disruptions in particular to supply chains that span the California-Mexico border.

“If these goods are taxed each time they cross the border, the price of the final product will rise and ultimately be passed on to California consumers,” a statement from the governor’s office read. “This will have far-reaching impacts, affecting everything from semiconductors to aerospace and automotive products.”

Gov. JB Pritzker of Illinois, a Democrat, is also seeking to position his state as a reliable trading partner in a time of economic upheaval. In a visit to Mexico City this week, he signed an agreement to strengthen trade between Illinois and the most populous state in Mexico in the areas of manufacturing, agriculture and finance.

California already has agreements with dozens of international partners, many of them with foreign cities and regions that want to work with the state on economic and environmental initiatives.

Last month, Mr. Newsom hosted the governor of the Mexican state of Sonora, and they signed agreements advancing development of clean energy and supply chains. In 2023, Mr. Newsom traveled to China and signed agreements with several cities and provinces to advance wind energy, clean shipping routes and methane reduction.
 

Indus

Lifer
May 11, 2002
14,111
9,863
136
View attachment 121356

“California is a stable trading partner and we hope you remember that as you consider California-made products,” Gov. Gavin Newsom said in a video statement to foreign governments.Credit...Damian Dovarganes/Associated Press

Gov. Gavin Newsom of California is trying to get around President Trump’s tariffs to protect trade in a state with the world’s fifth-largest economy, asking his administration on Friday to pursue new international trade deals to exempt California products from any retaliatory tariffs.

Mr. Newsom, a Democrat, called on foreign governments to exclude items made in California from any actions they take in response to the tariffs Mr. Trump announced this week.

“Donald Trump’s tariffs do not represent all Americans, particularly those I represent here in the fifth largest economy in the world, the state of California,” Mr. Newsom said in a video announcement. “California is a stable trading partner and we hope you remember that as you consider California-made products.”

California is the nation’s largest agricultural producer and home to the most Fortune 500 companies in the country. It exported $23.6 billion in agricultural products in 2022, with almonds, dairy products, pistachios, wine and walnuts making up the top exports.

The Newsom administration also fears that retaliatory tariffs from countries that provide construction supplies, including timber, steel and aluminum, could hamper rebuilding in Los Angeles after January’s devastating wildfires.

Mr. Newsom announced the plan early Friday in a news release and a brief video that did not dive into the details about how California’s separate trade deals might work. He sent a similar announcement to the email list he uses for political fund-raising. “The trade war that Donald Trump has launched is going to be felt in pretty profound ways to real people, including those who voted for Donald Trump and are now being betrayed by this very administration,” the email read.

The governor’s announcement could ratchet up animosity between California and the Trump administration, which has already targeted the state with multiple investigations and legal challenges, including six announced in just one day last week.

“Gavin Newsom should focus on out-of-control homelessness, crime, regulations, and unaffordability in California instead of trying his hand at international dealmaking,” White House spokesman Kush Desai said in a statement about Mr. Newsom’s appeal to other nations.

California’s economy relies on heavy trade with Mexico, Canada and China. Mr. Newsom said Mr. Trump’s tariffs could result in major disruptions in particular to supply chains that span the California-Mexico border.

“If these goods are taxed each time they cross the border, the price of the final product will rise and ultimately be passed on to California consumers,” a statement from the governor’s office read. “This will have far-reaching impacts, affecting everything from semiconductors to aerospace and automotive products.”

Gov. JB Pritzker of Illinois, a Democrat, is also seeking to position his state as a reliable trading partner in a time of economic upheaval. In a visit to Mexico City this week, he signed an agreement to strengthen trade between Illinois and the most populous state in Mexico in the areas of manufacturing, agriculture and finance.

California already has agreements with dozens of international partners, many of them with foreign cities and regions that want to work with the state on economic and environmental initiatives.

Last month, Mr. Newsom hosted the governor of the Mexican state of Sonora, and they signed agreements advancing development of clean energy and supply chains. In 2023, Mr. Newsom traveled to China and signed agreements with several cities and provinces to advance wind energy, clean shipping routes and methane reduction.

Oooh.. hopefully a blue state exodus from the Union incoming!
 
Reactions: Muse

MrSquished

Lifer
Jan 14, 2013
25,536
23,889
136
My friend has a really cool bike bag from this company. I loved it but I wish there was a little bigger so they had a Kickstarter for their bigger version of it, last fall, and I immediately backed it. We've been getting regular updates and shipping was on schedule for April as promised.

And of course the email comes today that they have to assess the situation due to Trump's insanity. I mean if the price goes up that it is what it is, and I don't mind paying because I know they can't go broke. But that's definitely going to affect a lot of consumer choices in the future when those prices get hiked man.

Trump is so dumb and he is out of shits to give. He does not care what happens to the stock market he is checked out, he wants to do what he wants to do and he's not listening to anybody at this point even if there are any reasonable people near him. Which I don't think there are
 

Muse

Lifer
Jul 11, 2001
39,716
9,525
136
My friend has a really cool bike bag from this company. I loved it but I wish there was a little bigger so they had a Kickstarter for their bigger version of it, last fall, and I immediately backed it. We've been getting regular updates and shipping was on schedule for April as promised.

And of course the email comes today that they have to assess the situation due to Trump's insanity. I mean if the price goes up that it is what it is, and I don't mind paying because I know they can't go broke. But that's definitely going to affect a lot of consumer choices in the future when those prices get hiked man.

Trump is so dumb and he is out of shits to give. He does not care what happens to the stock market he is checked out, he wants to do what he wants to do and he's not listening to anybody at this point even if there are any reasonable people near him. Which I don't think there are
I was bicycling home from the gym the other day and a guy on a bike passed me, waved at me. In his front basket sat a fair sized dog. I'm wow, cool, then I notice he has a back basket too and a small dog sat in it. I wished I could have taken a picture of them but lost him.
 

nisryus

Senior member
Sep 11, 2007
839
180
116
Neighbor was happy that Vietnamese leader promise to lower traffic on US goods to zero, said its a WIN for the Trump Admin.

The Vietnamese leader said hope that will help ease the tension between the two countries and keep investment to Vietnam from US.

I then asked him how much do Vietnam import from US, what goods, and how much they export back into US?

Also by US investment, that means US companies will continue to 'invest' manufacturing in Vietnam, wouldn't that go opposite on trying to bring manufacturing back into the US?

He still said it is a WIN... 🤦‍♂️
 
Reactions: RnR_au

Fenixgoon

Lifer
Jun 30, 2003
32,808
12,048
136
I backed a kickstarter, and there were a lot of people complaining in the comments that US backers should not be charged the tariffs. I said please do, because this was entirely our own doing.
 

ch33zw1z

Lifer
Nov 4, 2004
39,007
19,686
146
I dont believe Trump is that sharp to have schemed and plotted something like this out. He and his trade advisor (Navaro) are more likely simple minded to believe that the tariffs will really work and ultimately result in economic prosperity for the country.

Trump has a lifetime of grifting and surrounds himself with grifters. Im not necessarily thinking hes the mastermind here
 

Muse

Lifer
Jul 11, 2001
39,716
9,525
136
Neighbor was happy that Vietnamese leader promise to lower traffic on US goods to zero, said its a WIN for the Trump Admin.

The Vietnamese leader said hope that will help ease the tension between the two countries and keep investment to Vietnam from US.

I then asked him how much do Vietnam import from US, what goods, and how much they export back into US?

Also by US investment, that means US companies will continue to 'invest' manufacturing in Vietnam, wouldn't that go opposite on trying to bring manufacturing back into the US?

He still said it is a WIN... 🤦‍♂️
IIRC Trump is thumping Vietnam with 46% tariff.
 

RnR_au

Platinum Member
Jun 6, 2021
2,346
5,628
106
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