#TrumpTariffs

[cambcurrencies]

BRICS Nations Face 100% Tariffs: Market Reactions

BRICS Nations Face 100% Tariffs: Market Reactions President Trump has threatened 100% tariffs on BRICS nations if they try to replace the U.S. dollar. This has impacted currency markets and drawn more attention to trade issues. Upcoming U.S. job openings data and central bank speeches are expected to increase market volatility. The U.S. dollar remains strong, but major currency pair movements…

[thedailyvibe01]

Canada, Mexico, and China Respond to Trump’s Tariff Threats

Officials from Canada, Mexico, and China have strongly criticized U.S. President-elect Donald Trump’s threat to impose significant tariffs on their goods, warning that such measures could disrupt the economies of all four countries.

Mexico’s President, Claudia Sheinbaum, warned that retaliatory tariffs would follow Trump's proposed 25% tariffs on Mexican and Canadian goods, and 10% on Chinese imports, escalating the trade dispute and potentially endangering shared business interests. "One tariff will lead to another, and so on, until we put our common businesses at risk," Sheinbaum stated.

Trump announced the tariffs on Monday evening, claiming the move was necessary to address issues such as drug trafficking and illegal immigration. In response, Canada’s Prime Minister Justin Trudeau said he had immediately reached out to Trump following the announcement and was planning a meeting with provincial leaders to discuss how Canada would respond to the proposed tariffs.

Meanwhile, China has also expressed concerns about the potential economic impact of the tariffs, with officials stating that they could provoke a trade war with widespread consequences for global trade.

The proposed tariffs have sparked a tense diplomatic exchange, with Canada, Mexico, and China indicating that retaliation could be imminent, as all three countries seek to protect their economies from what they see as harmful trade policies.

[theglobalcommonsnews]

Trump plans tariffs on Mexico, Canada, and China to address illegal immigration and drugs, sparking economic debates over costs and benefits | TGC News.

[visionarycios]

Markets Navigate New Trump Policies as Tariff Announcements Shake Sectors

Source: ndtv.com

The financial markets are already feeling the impact of Trump’s policies, with investors closely monitoring his statements and their implications. On Tuesday, markets managed to hit record highs despite concerns over new tariffs and their potential economic repercussions.

Fed Signals Gradual Rate Reductions

Minutes from the U.S. Federal Reserve’s November meeting revealed that officials expect to gradually lower interest rates to a neutral stance. This easing is contingent on inflation continuing to decline toward the 2% target and the economy maintaining maximum employment. While this indicates a cautious approach by the Fed, the possibility of achieving these targets offers hope for rate reductions in the near future.

Markets Hit Highs Amid Tariff Uncertainty

Despite Trump’s threats to impose tariffs, the U.S. stock market reached new highs. The S&P 500 and Dow Jones Industrial Average closed at record levels on Tuesday. However, European markets showed a contrasting picture, with the Stoxx 600 falling by 0.57%, mainly due to a decline in auto stocks. Daimler Truck suffered a 6% drop, reflecting the strain on the automotive sector.

Automotive Sector Faces Headwinds

The automotive industry bore the brunt of Trump’s latest announcements. Shares of General Motors and Stellantis dropped following Trump’s plans to introduce a 25% tariff on goods imported from Canada and Mexico. Additionally, a 10% tariff on goods from China is expected to add pressure on the sector.

Goldman Sachs estimates that these tariffs could increase core inflation by nearly 1%, creating additional economic challenges. Automakers with manufacturing bases in Mexico are particularly vulnerable, as 26% of U.S. auto imports come from Mexico. UBS highlighted the significant dependency of U.S. automakers on Mexican manufacturing, making the proposed tariffs a critical issue for the industry.

Ceasefire Agreement Between Israel and Hezbollah

Amid financial developments, global political tensions saw a positive turn. President Joe Biden announced a permanent ceasefire between Israel and Lebanon’s Hezbollah, scheduled to take effect on Wednesday. The agreement, brokered by the U.S. and France, includes a complete withdrawal of Israeli forces from Lebanon over the next 60 days. This development provides hope for stability in a region long plagued by conflict.

Inflation Data on the Horizon

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, is set to be released on Wednesday. Economists predict a slight uptick in annual inflation, which could influence the Fed’s approach to interest rates and the broader economic outlook.

Tariffs Continue to Dominate Market Sentiment

Trump’s proposed tariff policies are shaping investor behavior even before he takes office. The so-called Trump trade has seen risk assets surge since his election win. While markets stalled briefly amid fears of inflation and slower economic growth, they regained momentum after Trump announced Scott Bessent as his Treasury Secretary pick, signaling confidence in Trump’s policies.

The announcement of higher tariffs on imports from China, Mexico, and Canada has reignited concerns. Together, these three nations account for 43% of U.S. goods imports, highlighting the significant impact of these tariffs. According to experts, the economic drag caused by tariffs is likely to outweigh the benefits of tax cuts in the coming months.

Mixed Reactions from Investors

The broader market showed resilience despite challenges in individual sectors. The S&P 500 rose 0.57%, while the Dow Jones Industrial Average added 0.28%. Both indexes closed at record highs, and the Nasdaq Composite climbed 0.63%.

Analysts suggest that markets are becoming more comfortable with the possibility that Trump’s tariff threats are primarily negotiation tactics rather than imminent actions. However, uncertainty remains, and Trump’s policies are expected to influence market trends in the foreseeable future.

While the broader market advances, specific sectors like the automotive industry face significant hurdles. Investors are left balancing optimism about economic growth with caution over the potential risks posed by tariffs and other policy changes.

[enterprisewired]

U.S. Businesses Brace for Potential Trump Tariffs, Opt for Diverse Strategies Amid Uncertainty

Source: intellinews.com

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With President-elect Donald Trump’s proposed tariffs looming, U.S. businesses are strategizing ways to protect their operations from the potential economic ripple effects. Trump’s proposal includes a 10% tariff on all imports and a substantial 60% tariff on goods made in China, a significant trading partner for the U.S. There is also a suggested 25% levy on imports from Mexico. If enacted, these measures could elevate consumer prices and provoke retaliatory tariffs from affected countries, leading to a cascade of economic consequences. Economists warn that Trump’s tariff plan, which may be his most impactful economic policy, could drive inflation, disrupt U.S.-China trade, and revert import duty rates to levels not seen since the 1930s.

Businesses Respond by Front-Loading Inventories

Many U.S. businesses are taking proactive steps to mitigate risks. For example, M.A.D. Furniture Design, based in Hong Kong, is accelerating shipments of its Chinese-manufactured furniture to a warehouse in Minneapolis, anticipating a smoother transition if the tariffs come into effect. Similarly, Joe & Bella, an online clothing retailer based in Chicago, has significantly increased orders for popular Chinese-made items, such as shirts and pants, to ensure supplies last through the upcoming Chinese New Year when factory operations pause for several weeks. “We wanted our merchandise delivered before Chinese New Year to avoid potential delays and tariff impacts,” said co-founder Jimmy Zollo.

Front-loading, or preemptively increasing inventory, has been a common strategy among importers to avoid trump’s tariff costs. However, with the breadth of products that could be affected by Trump’s proposed tariffs, experts speculate that U.S. ports might become congested if many companies employ similar tactics. This strategy requires businesses to invest heavily in storage and logistics, a costly endeavor that some, particularly small businesses, may not be able to afford.

Smaller Businesses Weigh Options Amidst Uncertainty

While larger companies with sufficient resources might lean toward front-loading, some small business owners are adopting a cautious approach, prioritizing cash flow over large, preemptive stockpiling. Hilla Hascalovici, CEO of New York-based Periodally, a company that sells Chinese-made heating patches for menstrual relief, has decided against early orders, citing the high costs of storage and expedited shipping as deterrents. Similarly, Max Lemper-Tabatsky of Denver-based Oaktree Memorials, which imports cremation urns from Asia and Europe, has chosen a “wait-and-see” approach rather than committing significant capital based on potential trump’s tariffs that may not materialize.

Freight companies, too, are preparing for the potential changes. Alan Baer, president of OL USA, a freight handling company, anticipates a slowdown in shipments if the tariffs are enacted, potentially leading to reduced demand for his firm’s services. “Tariffs in shipping are challenging no matter the scenario,” Baer remarked, highlighting the potential for workforce reductions if tariffs lead to decreased import volumes.

In light of Trump’s tariff policies during his presidency from 2017 to 2021, many in the business community remain skeptical but cautious, acknowledging that campaign promises do not always result in implemented policies. However, with the possibility of substantial tariffs, U.S. businesses are adopting a mix of preemptive and conservative strategies to navigate the uncertainty ahead.

[digitaltechsblog]

China’s Real Estate Collapse EXPLAINED || Will Trump’s Tariffs Make It Worse? | PART - 1

chinaeconomy #TrumpTariffs #realestatecrisis #uschinatradewar

[trendynws]

#TradeWars #GlobalEconomy #TrumpTariffs

[themotorbikechannel]

Trump Caused Harley to FAIL? Here's the Truth About That Theory https://themotorbikechannel.com/wp-content/uploads/2024/11/1732496412_maxresdefault.jpg Source: Trump Caused Harley to FAIL? Here’s the Truth About That Theory by Hegshot Rides. Please don’t forget to give the Video a “Like” on Youtube and subscribe to the channel! Get entered to Win the 2020 Harley Davidson Iron 883! Good luck y’all https://www.fanathem.com/hegshot Some say that Trump and his tariff ruined Harley and […] #harleydavidsondealersclosing #harleydavidsonsalesfalling #harleydavidsonwoke #HarleyDavidson #isharleydavidsongoingunder #isharleydavidsonintrouble #isharleygoingoutofbusiness #isharleygoingunder #trumpharleydavidson #trumpruinedharley #trumptariffs #trumpseconomicalplan #whatwilltrumpdofortheeconomy #whatwilltrumptariffsdo #willtrumpstariffsmakecostofgoods https://themotorbikechannel.com/trump-caused-harley-to-fail-heres-the-truth-about-that-theory/?feed_id=22662&_unique_id=6743cca267438

[newsdurham]

Uxbridge resident Tyler Campbell,17, has made a website madeinca.ca, which lists products manufactured in Canada as an alternative of what people can buy to fight the Trump tariffs. August 1, 2018 Sabrina Byrnes/Metroland #madeincanada #uxbridge #trumptariffs #buylocal #photography #photojournalism (at Uxbridge, Ontario) https://www.instagram.com/p/BmBOmQ-Bs62/?utm_source=ig_tumblr_share&igshid=16od4jbinezqm

[instadw]

IMF Tells Biden To Dump Trump’s Tariffs

[xavier-lamont]

But Americans aren't paying for the #TrumpTariffs https://www.instagram.com/p/B2nJv4PA4PpvglhZu60sR4ktVvXsHtX9qHgAF40/?igshid=dduc5ocuy2tf

[ritware1850]

#Repost @slyngstad_cartoons ・・・ The Dow Jones dropped 800 points in one day as experts fear the next recession is around the corner. Tired of winning yet? • #invertedyieldcurve #recession #trumprecession #trumptariffs #tariffman #tiredofwinning #dowjones #tradewar #trumptradewar #tradewars #tariffs #trumpeconomy #stockmarketcrash #itsabirditsaplane #holdontoyourbutts #herewegoagain #politics #politicalcartoon https://www.instagram.com/p/B1hsDaIF4eQ/?igshid=1og8iauwhu9pv

[theglobalcommonsnews]

Trump plans tariffs on Mexico, Canada, and China to address illegal immigration and drugs, sparking economic debates over costs and benefits | TGC News.

[crazee669]

#Repost from @youknownothing45 by @multisave_app ••• The lay-offs call into question claims President Donald Trump has made about the resurgence of the domestic steel industry. Last week in Pennsylvania, Trump said his 25% tariff on foreign imports has turned a “dead” business into a “thriving” enterprise. Liar-in-Chief strikes again. #FUCKTHEGOP #TAKEBACKTHEUSA #trump #liarinchief #steel #trumptariffs #dumptrump #layoff #michigan #notmypresident #usapolitics #left #liberal #democrat #libertarian #gop (at Boise, Idaho) https://www.instagram.com/p/B1c7mR8ndAr/?igshid=1dtenywnrwbd4

[investintowine-blog]

Trump adds tariffs to French wine!

Trump adds tariffs to French wine!

Yesterday, President Trump announced tariffs on French wine imports into the USA as a reciprocal tax because France imposed a 3% levy on tech companies who offer digital services.  Some of the big tech giants in USA will be required to comply with the new tax in France.  However, trump stated the tax on french wine would be reciprocal, meaning it should be 3%. Some people are calling it the google tax. Fine wines are in a price bracket that are not for every wine drinker. If a consumer can afford to pay 1000 dollars for a bottle of wine, it is unlikely they will care to notice a price increase of 3%.  When selecting a fine wine to drink and paying 1000 dollars for a bottle of wine, am I really going to be concerned if it’s 30 dollars more? Am I really analyzing the price before I buy a bottle of wine at this level of quality and price range? If I am so price sensitive paying 1000 dollars for a bottle of wine, then I probably shouldn't be ordering it in the first place.  The USA is a large consumer of wine at all price points, nevertheless even French wine sales at the lower price point will not be affected. Even where a consumer is price conscious, paying 10 or 10.30 dollars for a bottle is unlikely to affect a consumers decision.  30 cents on every 10 dollars is not going to make a whole lot of difference in my opinion. Back in 2018, when we were setting up our new office in California, I wrote to the U.S tax office and asked them about charging tax on fine wine Investment. They replied to us, stating that we did not need to add tax when selling fine wine in the USA because the wines are not imported into the USA. This was quite important to us, as you know I’m always monitoring the cost of entry to ensure you are buying low and selling high. In summary, i'm not concerned that prices will go down on the back of a 3% levy on French wines, because when you invest into a wine it is tax free anyway!  Keep it in Bond and sell it in Bond to ensure there is no duty or taxes to pay when buying or selling. I am more concerned that the stock market keeps rising which affected prices in the last few months. As mentioned in our previous updates, if the stock market sees a correction, that is overdue, (in my humble analysis) then we should see wine prices sky rocket.  Don't hesitate, buy low now and sell high when prices go up!  Read the full article

[dragoni]

FRONTLINE and NPR: Trump’s Trade War with China

tl;dr Grab some popcorn and WATCH #BannonsWar 

“Trump’s Trade War” presents the inside story of President Trump’s gamble to confront China over trade. Reporting from the U.S. and China, FRONTLINE and NPR investigate what led the world’s two largest economies to the brink, and the billions at stake. 

“China’s middle class is now bigger than the entire United States.  And its economy is growing twice as fast. This success has become a major source of tension in the trade war.“

Interviews with Americans, former Trump and U.S. officials, current Chinese government officials and U.S. and Chinese business leaders.

Steve Bannon, Trump chief strategist, 2017-18

Gary Cohn, Director, National Economic Council, 2017-18

Michael Wessel, U.S.-China Economic and Security Review Commission:

Susan Thornton, Assistant Secretary of State, 2017-18:

Wendy Cutler, U.S. Trade Representative Office, 1988-2015

James Mcgregor, Former Chair, American Chamber of Commerce in China

Ken Wilcox, Chairman Emeritus, Silicon Valley Bank

See the full list of those interviewed and transcript.

The real reasons for the Trump—Bannon War 😠

Bannon wants to pull a Dick Cheney and resurrect the “Project for the New American Century” whose goal was "to promote American global leadership”. Warmonger right-wing extremist Dick Cheney wanted regime change in Iraq and everyone knows how that ended for America.

STEVE BANNON:

I believe you need—you need actually a change of the top leaders in the Chinese Communist Party.

NPR Reporter LAURA SULLIVAN:

How on earth

STEVE BANNON:

I think the goal into China is quite simply, is to bring them—is to break the back of this totalitarian mercantilist economic society—

LAURA SULLIVAN:

You’re talking about regime change.

DA WEI:

The question is, is American complaint about the way China handles economy, or is about China’s legitimacy to become a prosperous and powerful country?

Our population is four times bigger than the U.S. We have 1.3 billion people, right? You have 300 million people. So China's economy should be four times higher than the U.S. economy.

LAURA SULLIVAN:

But that is difficult for people in the United States to accept.

“They needed us, so they had to tolerate us”

JAMES McGREGOR:

But you've got to remember, for all these years we had, you know, we had low-voltage congressmen or businesspeople coming in and shaking their finger in Chinese, saying, "You should have all the children you want; you should do this; you should do that," and these very capable Chinese people would just bite their tongue and say, you know, kind of, "Thank you for your wisdom," because they needed America. They needed us, so they had to tolerate us. 

Then all of a sudden, global financial crisis, and it was payback time. It was like, "You listen to us for a while."

There’s much more. Here’s a quick summary:

Trump’s Nationalist vs Globalist infighting. The nationalists lead by Bannon, Robert Lighthizer and Peter Navarro won. #TrumpStooges #TrumpTariffs  #TrumpTradeWar

Stating the obvious, American consumers are paying for Trump’s tariffs.

China hasn’t really been affected by Trump’s tariffs  Why? “In 2018, China shipped 18% of its exports to the United States“, The Balance AND it’s falling even further because of Trump according to CNBC

China’s Import Expo held 8 months after Trump’s first round of tariffs drew more than 1 MILLION people. “Thousands of companies from all around the world were here, focused on selling their products in the growing Chinese market.”  ¯\_(ツ)_/¯

China has a strategy and a plan. America?

China has an economic strategy, "China Model”. The goals of “Made in China 2025 plan” are to dominate in key global industries and economic independence.

“In 16 months, WM Motors built a massive manufacturing facility that will be able to produce 200,000 electric cars a year.”

China is investing billions to achieve 2025. One Chinese “private equity firm had $15 BILLION” to invest in semi-conductors

“A lot of Chinese technology companies invest heavily in 5Gs” U.S. companies are YEARS behind.

China is stealing intellectual property from American companies  — and American companies don’t care  — they don’t want the governments help or want the subject brought up with China — ALL they care about is the money they can make in China.  ¯\_(ツ)_/¯  #MoneyFIRST  #ChinaFirst  #AmericaLast

Americans and Republican politicians, if you listening — 

listen to what fellow Americans;  Tom Shepherd, James McGregor and David Green advice on moving America forward.