Showing posts with label imports. Show all posts
Showing posts with label imports. Show all posts
Thursday, June 26, 2025

1Q2025 real GDP revised down 0.3 to -0.5 in third and final estimate on an increase in imports front-loaded into 1Q to avoid Trump's tariffs

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 Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), a...
Sunday, June 15, 2025

TACO Trump is negative for long term investment, 1Q2025 exports were the worst on record for their positive contribution to GDP

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Does anybody ever talk about exports anymore? You know, from domestic production?  ... In recent years, a cautious optimism had returned, a...
Saturday, June 14, 2025

Israel has started attacking Iran's oil sector in Bushehr Province this morning, which will concern China since it imports 16% of its oil from Iran, buying 90% of Iranian oil exports

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 The cash China provides Iran in this transaction funds the ballistic missiles raining down on Tel Aviv this week.      
Thursday, May 29, 2025

We've been liberated from Liberation Day by two Republicans (one appointed by Trump) and one Democrat on a court handpicked by Trump to adjudicate his tariffs lol

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  Federal trade court strikes down Trump’s reciprocal tariffs The U.S. Court of International Trade on Wednesday blocked steep reciprocal t...
Monday, May 12, 2025

Trump's phony Liberation Day for working Americans evaporates into thin air, new 90-day pause brings 145% reciprocal tariffs on China, which tanked markets in early April, down to 30%

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Stock futures surge. Crude oil surges. US Treasury yields surge. U.S. and China agree to slash tariffs for 90 days in major trade breakthrou...
Friday, May 9, 2025

Trade tariff manipulation is a stock-trading racket for them

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Tariffs were enacted April 2, then suspended April 9.   One month ago:              Yesterday:   This morning.
Wednesday, April 30, 2025

Real GDP shrank 0.3% in 1Q2025

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Shrink, shrank, shrunk. U.S. economy shrunk 0.3% in the first quarter as Trump policy uncertainty weighed on businesses ... fueled by an une...
Wednesday, April 23, 2025

Pyrex glass plant in Charleroi PA closes after 132 years because of Chinese imports, Trump powerless to stop it

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The casualties of America’s loss of glassware manufacturing to China ... Anchor Hocking took over the Charleroi plant in March of 2024 and ...

Trump's tariffs mean that the skies will be empty, along with the shelves

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 Boeing hopes to find new buyers for up to 50 planes returned by China ... Two Boeing jets have returned to the US from China , with anothe...
Saturday, April 12, 2025

Paper tiger strikes again: Another delay for Liberation Day as Trump exempts China's number one export category to the United States from draconian tariffs

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 Trump exempts phones, computers, chips from new tariffs President Donald Trump exempted smartphones , computers , and other tech devices a...
Thursday, April 10, 2025

Canada stopped exports of hydroelectric power to New England on March 6th

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On March 6 , at the start of the still-simmering trade war between the U.S. and Canada, hydropower generator Hydro‑Québec quietly stopped ...
Wednesday, April 9, 2025

LOL Trump folds like a cheap suit, pauses so-called reciprocal tariffs for 90 days, keeps 10% tariff on most countries

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  President Donald Trump on Wednesday dropped tariffs under his new trade plan to 10% on imports from most countries, as he announced a 9...
Monday, April 7, 2025

Trump's biggest tariff, 50%, was on tiny landlocked poverty-stricken Lesotho inside South Africa, over a minuscule trade imbalance of $234.5 MILLION in 2024, which is under a treaty for godsakes

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  Lesotho's exports to the US in 2024 were valued at $237.3 MILLION lol. Trump now wants 50% of that. King George III, who also was nuts...
Tuesday, April 1, 2025

US imports came to $4.11 trillion in 2024: You'd have to tariff this out of existence to pay for the nearly $7 trillion in federal outlays in fiscal 2024

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The tariff rate would have to be 170%, not 20% or 25% or even 50%. Those are not serious proposals.  The tax base is much too small. Humorin...
Friday, March 28, 2025

Just as 9.7 million of 43 million student loan borrowers become past due again, cars they can't afford to buy anyway soar in price due to tariffs, a one-two punch alienating the youth vote from Trump

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 Over 9 million student loan borrowers past due after bills restarted, Fed estimates ... A new student loan delinquency can cause a borrower...
Monday, February 3, 2025

More tariff theatre: Trump announces 25% tariffs on Canada on Saturday, reverses himself before dinner on Monday lol

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  Trump pauses tariffs on Canada imports for 30 days after doing the same for Mexico ... Trudeau said Canada had made new commitments “to ap...
Sunday, February 2, 2025

Trump tariffs will increase costs of fruits, vegetables, potatoes, and grains, among a hellish host of things

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  ... The sweeping tariff could make more expensive a host of items that the U.S. imports from its neighbors. Among the common Mexican impo...
Tuesday, December 10, 2024

Meanwhile paper tiger Donald Trump is caving, too, can't guarantee anything lol

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    Trump is already backing off his most important campaign promise   Trump told the “Meet the Press” host that he would work with Democra...
Monday, August 5, 2024

New Zealand under Christopher Luxon will reverse a ban on oil and gas exploration, push the pricing of agricultural emissions back five years, and encourage more mining

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  The agricultural sector including fishing contributes 5% to the economy, and accounts for about 80% of total exports. The farmers who he...
Thursday, June 13, 2024

Trump has learned nothing, floats wacko bird pie-in-the-sky elimination of income tax

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The federal government now needs about $6 trillion in revenue annually for the budget, social security, and medicare. Imports of goods and s...