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#tariffs

781 posts437 participants56 posts today

"It seems like Donald Trump has a “first mover problem” with his disastrous trade war against the world. No country wants to go first since they know Donald Trump will gloat and try to humiliate them. They are seeing what happened in the elections in Canada and in Australia and realize that capitulation means the end of their governing power.

I teach negotiation. Every negotiation rule was broken by Donald Trump in his disaster trade war."

meidasplus.com/p/i-teach-negot
#Trump #tradewar #tariffs

Meidas+ · I Teach Negotiation. Trump Just Broke Every Rule.By MeidasTouch Network

As of 12:01 am ET today, most #auto part #imports will come with a 25% import tax. Not a single one of the 10 million #cars turned out by US plants last year was built without some imported parts. The #tariffs on parts will mean tens of billions of #dollars in new #costs to American #car buyers and owners. cnn.com/2025/05/03/business/au #economy #inflation #recession #transportation

CNN · Another round of auto tariffs just went into effect. They could change the industry foreverBy Chris Isidore
Continued thread

#WarrenBuffett warned Saturday of the dire consequences of #Trump’s #tariffs while telling the thousands of #investors gathered at his annual meeting that “#trade should not be a #weapon” but “there’s no question that trade can be an act of #war.”

Buffett said Trump’s trade policies have raised the risk of #global #instability by angering the rest of the #world.
“It’s a big mistake…when you have 7.5B people who don’t like you…, & you have 300M who are crowing about how they have done,” he said.

#maga and #trump are turning the rest of the democratic countries #liberal as any country that had/has an election coming up was #conservative leaning during Trump's campaign. Then when the #tariffs started, and the #usa became a spectacularly hated country, conservative support dropped like a hammer.

#canada first, and now Australia has this trend. Others too.

It's being called "The Trump Effect,".

scoopzapp.com/n/10q8q9Oc?ctype

scoopzapp.com#TrumpDOGESupremeCourt ABSOLUTELY NOT - They have NO BUSINESS with Our Data #usa #news #doge #trump #socialissues #maga#TrumpDOGESupremeCourt ABSOLUTELY NOT - They have NO BUSINESS with Our Data #usa #news #doge #trump #socialissues #maga

"Port traffic is slowing as Chinese cargo ships idle at sea or never even set out. Most shoppers haven't seen the consequences yet, but they will as current inventories run out and new products bear the cost of Trump's double- or triple-digit #tariffs. In some cases, importers won't pay the tariffs because the profit hit will be too deep, which is why there are likely to be shortages of shoes, clothing, electronics, toys, appliances, and many other things made in #China."
finance.yahoo.com/news/this-we

Yahoo Finance · This week in Trumponomics: Too many dollsBy Rick Newman

"ALERT: All purchases of Iranian Oil or Petrochemical products must stop NOW! Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions," Trump posted to Truth Social.

Yeah #tradewar is indefinite at this point
#tariffs #economy