– by New Deal democrat There’s no significant new economic data today, so let’s take an updated look at the downstream effects on the supply chain and retail sales so far from T—-p’s tariffs. To begin with, at least some of the tariffs are indeed in effect. Here is a graph from Ben Casselman of The […]
The latest meme around the Trump tariffs is TACO: Trump Always Chickens Out. Savvy traders are buying on the TACO tariff dips and selling on the TACO caves. And those caves are popular. “Yesterday, the Conference Board reported that in May consumer confidence surged by 12.3, the largest monthly increase in four years. Bloomberg said […]
My prediction is that the “negotiations” will be over what kind of fig leaf Japan will allow in return for abject Trump Administration capitulation: “Japan on Tuesday clarified its stance on U.S. tariffs, saying it wants all new levies put into place by the administration of President Donald Trump completely removed, confirming a hard-line position […]
Trump slapped 145% tariffs on China, thinking it would hurt them more then it would hurt the US. Of course, trade is global, and so China’s exports surged in April as a result of a jump in shipments to Southeast Asia, offsetting the drop in outbound goods to the U.S. “China’s exports to the Association […]
As everyone should know, tariffs are just consumption taxes. Other countries don’t pay them. Importers don’t pay them. The extra cost is just added to the retail price. “As of 12:01 am ET on Saturday, most auto part imports will come with a 25% import tax. “The previous auto tariffs left US-made cars untouched. Not […]
The “just in time” model is supposed to make supply chains more efficient by minimizing warehousing and storage. The current Trump tariffs are doing violence to the JIT model: “Trade experts say that companies have stockpiled enough inventory in recent months that, if the White House reverses course soon and significantly drops tariffs on China, […]
Trump claims his tariffs will bring manufacturing jobs back to the US. But you can’t create manufacturing jobs if no one wants to buy what you make. How’s that going? “Euro zone consumers are happy to ditch U.S. products if they are hit by tariffs in the course of a tit-for-tat trade war with U.S. […]
Look, tariffs are just consumption taxes. American consumers pay for tariffs on Chinese goods, not the Chinese government, businesses or people. Trump pretends that exporting countries pay our tariffs. If he really believed that, he’d be happy to see Amazon post how much China is paying to get their goods into our market. But when […]
Apparently, MAGA means empty shelves and fewer jobs: “Trump’s tariffs on goods from China have disrupted trans-Pacific supply chains. U.S. officials are alarmed by companies’ dwindling inventories of critical raw-earth metals necessary for a range of economic activity; Beijing restricted the metals this month. In the three weeks since the tariffs took effect, ocean-container bookings […]
On Harvard: “The White House (yes, technically the GSA guy and the two lawyers) sent that letter to Harvard, demanding de facto control of the university’s hiring, admissions and various elements of its curriculum. Harvard replied with a flat rejection ten days ago. The White House immediately responded by freezing $2.3 billion in grants to […]