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The Economy

ChloeTzang said:
It would seem not to many countries are that interested.....

https://twitter.com/x/status/1929951999258206315
Click to expand...

“Why don’t he write?”…

😑

There is a very good chance that there will be NO trade deals, and that foreign countries are using this time to negotiate new trade deals with each other to gain an advantage / leverage. See: Chinese importers looking to Brazil and Australia for beef, etc.

How ironic that foreign countries may be using the old tactic DonOld has employed to great advantage: Stall, delay, run out the clock, exhaust the opposition, etc.

DonOld seems to "think" he “holds all the cards”, but as we have learned in recent days, this isn’t a game of poker the world is playing…

Oops…

😑

We. Told. Them. So.

🌷
 
Last edited:
ll74 said:
Their stock markets have been on a roar for the last six months.

Ours, not so much.
Click to expand...
It's shaking up world trade and everyone is repositioning and looking at alternatives

I read somewhere thar Canada;s exports have grown, but it's because they are shifting to alternative markets.

Now Trump has tariffs on everything from Canada - Canada is the world’s fourth-largest primary aluminum producer. Global primary aluminum production is estimated at 70.0 million tonnes for 2023. China led the world in production with 41.0 million tonnes, followed by India, Russia, and Canada. The United States was Canada’s largest export destination for aluminum products in 2023, accounting for 90.3% of the total value of aluminum exports. The US also imported 33 percent of the aluminum that was used in 2014. Of the imported aluminum, 63% came from Canada. A lot of the rest came from China, Russia and the UAE of all places. We all know Russia and sanctions. China and tariffs, and now we are tariffing aluminum from Canada, our biggest external supplier.

While Trump’s claimed aim with the tariffs is to boost domestic production, and has the support of U.S. metal industry groups, Alcoa chief executive William Oplinger raised doubts about the strategy on the company’s earnings call last Wednesday. “It takes many years to build a new smelter, and at least five to six smelters would be required to address the U.S. demand for primary aluminum.” Those smelters would also require the energy equivalent of almost seven new nuclear reactors, he said. “Until additional smelting capacity is built in the U.S., the most efficient aluminum supply chain is Canadian aluminum going into the U.S.”

The problem for Trump is he's a 4 year flash in the pan. It's unlikely his policies will survive him long, and companies will not make long term decisions based on short term political whimsy. All thats going to happen is we will keep on buying aluminium from Canada but prices will go up. The aliminium tariff has already increased a Ford F150 cost by $3000 by itself.

BUT Canada will look at alternative markets for alumimium with a lot more focus than they would have done otherwise. And that will reinforce their economic independance from the USA.
 
ChloeTzang said:
It's shaking up world trade and everyone is repositioning and looking at alternatives

I read somewhere thar Canada;s exports have grown, but it's because they are shifting to alternative markets.

Now Trump has tariffs on everything from Canada - Canada is the world’s fourth-largest primary aluminum producer. Global primary aluminum production is estimated at 70.0 million tonnes for 2023. China led the world in production with 41.0 million tonnes, followed by India, Russia, and Canada. The United States was Canada’s largest export destination for aluminum products in 2023, accounting for 90.3% of the total value of aluminum exports. The US also imported 33 percent of the aluminum that was used in 2014. Of the imported aluminum, 63% came from Canada. A lot of the rest came from China, Russia and the UAE of all places. We all know Russia and sanctions. China and tariffs, and now we are tariffing aluminum from Canada, our biggest external supplier.

While Trump’s claimed aim with the tariffs is to boost domestic production, and has the support of U.S. metal industry groups, Alcoa chief executive William Oplinger raised doubts about the strategy on the company’s earnings call last Wednesday. “It takes many years to build a new smelter, and at least five to six smelters would be required to address the U.S. demand for primary aluminum.” Those smelters would also require the energy equivalent of almost seven new nuclear reactors, he said. “Until additional smelting capacity is built in the U.S., the most efficient aluminum supply chain is Canadian aluminum going into the U.S.”

The problem for Trump is he's a 4 year flash in the pan. It's unlikely his policies will survive him long, and companies will not make long term decisions based on short term political whimsy. All thats going to happen is we will keep on buying aluminium from Canada but prices will go up. The aliminium tariff has already increased a Ford F150 cost by $3000 by itself.

BUT Canada will look at alternative markets for alumimium with a lot more focus than they would have done otherwise. And that will reinforce their economic independance from the USA.
Click to expand...
My dude moved money into Europe earlier this year and my retirement fund has been on fire
 
1984X2024 said:
THE ART OF THE DEAL(S): Consumer confidence for May was much stronger than expected on optimism for trade deals.

The Fake Media, newspeak spin not working.
Click to expand...

Rightguide said:

Steve Moore Admits He Was “Wrong” in Predicting Trump’s Tariffs Would Cause Inflation to Spike​

By Harold Hutchison, Daily Caller News Foundation • May. 27, 2025

https://americanpoliticalreport.com/wp-content/uploads/2025/01/DCNF.jpg(DCNF)—Former Trump administration official Steve Moore admitted Tuesday that increased inflation from tariffs imposed by President Donald Trump “just isn’t showing up.”

The Consumer Price Index rose 2.3% year-over-year in April, down from 2.4%in March, according to data from the Bureau of Labor Statistics. Moore said that his prior predictions that the duties would increase inflation were “wrong.”

“I’ve been wrong. I thought these tariffs would cause higher inflation. Tariffs are taxes, and consumers bear some of the cost of that, but it just isn’t showing up in the numbers right now,” Moore told Fox Business host Larry Kudlow. “It just really isn’t and if you look at any, almost any measure of inflation right now, it’s pretty tame.”

https://thelibertydaily.com/steve-moore-admits-he-was-wrong-predicting-trumps/
Click to expand...

Rightguide said:

Trump Tariffs Revenues Soar AGAIN, Creating More Wealth for America.​


Tariff revenues collected by the U.S. government in May have already exceeded $22.3 billion, according to data from the Treasury Department. A significant deposit of over $16.5 billion was recorded on May 22 alone.

This spike in receipts, categorized under “Customs and Certain Excise Taxes,” has been driven by President Donald J. Trump’s trade policies, aimed at encouraging the reshoring of American manufacturing from foreign countries.

The total for May has already surpassed the $17.4 billion collected in April and the $9.6 billion in March. Since January 1, more than $92 billion has flowed into government coffers.

https://thenationalpulse.com/2025/0...-soar-again-creating-more-wealth-for-america/
Click to expand...

86all said:
Tariffs DONT cause price increases
Click to expand...

86all said:
Biden Treasury said no https://www.bloomberg.com/news/arti...fs-won-t-increase-us-prices-janet-yellen-says
Click to expand...

Rightguide said:
Hopefully MR is holding her ass with both hands:

https://twitter.com/x/status/1927338055813288068
Click to expand...
Some sane Republicans and Fox News says you're all wrong.

 
Weeeeeaaaaak jobs report:

110,000 private sector jobs were expected…only 37,000 materialized…

But the stock market is doing OK because the wealthy and corporations want (expect?) their deregulations & yuuuuuge tax cuts.

😑

🤬

We. Told. Them. So.

🌷
 
worst jobs growth in 2 years so the orange jesus blames the fed for not lowering rates.

of course, the rates haven't been lowered because of trump's tariff war has created instability in our economy.
 
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