Gonna be announced today by the Orange Buffoon.

Trump says he'll announce reciprocal tariffs on US trading partners on Thursday | AP News

funk truck

This is a service economy . We don't make that many things anymore

Anarchistbear said:

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This is a service economy . We don't make that many things anymore

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Partly true.
We are the global leader in services.
That having been said, the North American supply chain is heavily intertwined.
ie.) The automobile manufacturing and auto parts business.

Anarchistbear said:

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This is a service economy . We don't make that many things anymore

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Other developed economies still have decent industrial bases, like Germany (well at least before the Ukraine war), Italy (ditto), Japan and S. Korea.

Incentivizing on-shoring is a positive policy, though I think it is being applied too haphazardly. There needs to be some strategical thinking in its application.

One example is Switzerland and its agricultural policies. They have a 100% tariff on imported strawberries in June and July, when their farmers sell their crop, and zero tariffs the rest of the year when imported strawberries from warmer climates such as Spain or Florida are sold there. That's a smart tariff policy.

Similarly we should tariff products/industries where onshoring can be incentivized within a reasonably short time frame.

Computer equipment prices going up.

tRump did that.

Thanks foolish American voters.

Video from Kitco metals about China's strategic retaliation by restriction tungsten exports:

"China's Market Strategy and Its Impact

Geopolitical Earthquake: China's Tungsten Export Ban Shakes Global Markets Lewis Black
Kitco Mining"

https://www.youtube.com/watch?v=fU km8mPRUBw

(Video link won't work due to site software censoring the link string, which contains the letters f, u and k in succession, you will have to copy that link without the space between U and k.)

DiabloWags said:

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Stock market collapsing on more Tariffs.

DOW JONES - 760

S&P 500 - 130

MAGA!!!

How tariffs are forecast to affect US stocks | Goldman Sachs

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Is a 1.7% stock market drop really considered a collapse?

oski003 said:

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DiabloWags said:

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Stock market collapsing on more Tariffs.

DOW JONES - 760

S&P 500 - 130

MAGA!!!

How tariffs are forecast to affect US stocks | Goldman Sachs

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Is a 1.7% stock market drop really considered a collapse?

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The Nasdaq has lost 9% in ten days.

The Top 10% of American households account for roughly HALF of all consumer spending.
That's a record and they own a lot of stocks. Wealth effect.

Will Trump still be blaming Biden for a GDP collapse in Q1?

Trumpcession in the making.

DiabloWags said:

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oski003 said:

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DiabloWags said:

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Stock market collapsing on more Tariffs.

DOW JONES - 760

S&P 500 - 130

MAGA!!!

How tariffs are forecast to affect US stocks | Goldman Sachs

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Is a 1.7% stock market drop really considered a collapse?

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The Nasdaq has lost 9% in ten days.

The Top 10% of American households account for roughly HALF of all consumer spending.
That's a record and they own a lot of stocks. Wealth effect.

Will Trump still be blaming Biden for a GDP collapse in Q1?

Trumpcession in the making.

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The stock market, which is what you were originally referencing, is only down 3% in that time period and down 1% YTD.

oski003 said:

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Is a 1.7% stock market drop really considered a collapse?

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DiabloWags said:

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oski003 said:

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Is a 1.7% stock market drop really considered a collapse?

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Is a 1.7% stock market drop really considered a collapse?

Here's a list of the current TARIFF carnage thus far.
Is the EU next?

Go Trump Go!

MAGA!!!

Trump announces 1-month delay on Canada, Mexico tariffs for cars

https://thehill.com/homenews/administration/5178229-trump-announces-one-month-delay-on-canada-mexico-tariffs-for-automakers/

Now Trump delays (pauses) his 25% tariffs on goods from Mexico and could pause levies on other goods.

The agreement that Trump signed with Mexico President Claudia Sheinbaum is until April 2.

Trump Delays Tariffs on Mexican Goods - Barron's

Brown-Forman CEO Lawson Whiting (Jack Daniel's Whiskey) said yesterday that Canadian provinces are taking American liquor off store shelves and it's "worse than a tariff" and a "disproportionate response" to levies imposed by Trump.

GO TRUMP GO!!!

Piss off everyone in CANADA.
They are our enemy!




Jack Daniel's maker says Canada pulling US alcohol off shelves 'worse than tariff'

Everything is MAGALICIOUS!

DiabloWags said:

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That STABLE genius at work!

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Trump made Justin cry. Justin knows he can't win.

🚨 BROKEN BY TRUMP! Canadian PM Justin Trudeau seen sobbing in front of the cameras amid Trump's tariff policies.

"On a personal level - I've made sure every single day in this office, I've put Canadians first... I am here to tell you all that we got you. Even in the very last… pic.twitter.com/XeFyxApk1r

— Eric Daugherty (@EricLDaugh) March 6, 2025

The price of WTI crude oil continues to weaken.


U.S. benchmark oil futures settled at $66.36 a barrel Thursday. They had topped $80 shortly before Inauguration Day. Citigroup analysts see prices falling to a multiyear low of $57 by the fourth quarter. That basket of oil and gas stocks has dropped 12% from its post-election peak with fears of worse to come.

Prices at 3-year lows will potentially lead to reduced drilling and production.

"Drill Baby! Drill!" doesn't make sense at lower prices.

Tariffs and OPEC supply are factors contributing to the downward pressure.

oski003 said:

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Nice. Only California can keep gas prices artificially high!

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Perhaps you can ask why the Refiners all seem to shut down for "maintenance" at the same time.

DiabloWags said:

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oski003 said:

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Nice. Only California can keep gas prices artificially high!

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Perhaps you can ask why the Refiners all seem to shut down for "maintenance" at the same time.

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Gas prices have really started jumping up across areas of California," De Haan said. "It is somewhat normal to see gas prices start to go up as we get closer to the end of winter and into spring, but a recent refinery fire at the PBF refinery in Martinez, along with other refineries shutting down for maintenance, has created supply constraints at the worst possible time."

Typically, gas prices rise during this time of year, but this increase is occurring at a faster pace than usual.

"We usually see prices increase anywhere from 35 to 65 cents per gallon, but we've already hit that 65-cent mark. If there are new refinery issues, prices could climb even higher," De Haan said.

Another long-term concern is California's dwindling refinery capacity. De Haan pointed out that the state has lost more than 60% of its refineries over the last 40 years.

He says stricter environmental regulations may lead to additional closures in the future.

"California has a lot of policies and regulations that cause an acute amount of pain at the pump things like the highest gasoline taxes in the country, a low-carbon fuel standard, and a cap-and-trade program. All of that essentially drives prices up by over $1 a gallon," De Haan explained.

The California Division of Petroleum Market Oversight issued a warning to drivers about the recent price spike, which follows the refinery fire in Martinez on Feb. 1. In a letter to Governor Gavin Newsom and state lawmakers, the agency noted that perceived scarcity rather than rising crude oil or environmental costs has been a significant factor in the increasing prices.

Looking ahead, De Haan predicts that prices will peak around mid-April, coinciding with spring break and Easter travel. However, he acknowledged that if no additional refinery issues emerge, some relief may be on the horizon.

https://www.ksby.com/news/california-news/gas-prices-surge-in-california-amid-refinery-fire-and-maintenance-shutdowns#google_vignette

DiabloWags said:

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oski003 said:

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Nice. Only California can keep gas prices artificially high!

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Perhaps you can ask why the Refiners all seem to shut down for "maintenance" at the same time.

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Old news.

Gas prices dropped .10 cents this week in the Bay Area.

Just another Monday under the Orange Bozo administration.
Nothing to see here . . .