movielover said:

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oski003 said:

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DiabloWags said:

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Stellantis reported yesterday that it took a $350 million hit from Tariffs as shipments declined in the first six months of this year.

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That's cool. Thanks for letting us know. SPX (S&P 500) hit a record high today.

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They took a combined hit of $2.7 Billion; maybe they should move production out of Canada to a red USA state?

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Why would you think that moving production to the USA would fix their faltering sales issues?

They burned through $2.7 Billion in cash during the first half.
Lots of restructuring costs.

Stellantis reports $2.7B loss amid tariffs, restructuring, slow sales

Update on the Canadian trade talks.

No grand deal, so 35% tariffs kick in on non-USMCA goods August 1st.

It appears President Trump is also ready to negotiate the follow on to USMCA, but this time possibly specific trade deals w Canada and Mexico (USMCA gone).

Meanwhile, the realities of the new tariffs require Canada to go back to its "dirty" heavy industries.

"As the negotiations continue, the premiers spent Tuesday carving out a strategy to offset the economic impact of Trump's tariffs on the aluminum, steel, auto and lumber sector. They spoke about developing large infrastructure projects, breaking down trade barriers between provinces and encouraging a "buy Canadian" approach."

https://www.politico.com/news/2025/07/22/canada-trump-deal-aug-00468568

movielover said:

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Update on the Canadian trade talks.

No grand deal, so 35% tariffs kick in on non-USMCA goods August 1st.

It appears President Trump is also ready to negotiate the follow on to USMCA, but this time possibly specific trade deals w Canada and Mexico (USMCA gone).

Meanwhile, the realities of the new tariffs require Canada to go back to its "dirty" heavy industries.

"As the negotiations continue, the premiers spent Tuesday carving out a strategy to offset the economic impact of Trump's tariffs on the aluminum, steel, auto and lumber sector. They spoke about developing large infrastructure projects, breaking down trade barriers between provinces and encouraging a "buy Canadian" approach."

https://www.politico.com/news/2025/07/22/canada-trump-deal-aug-00468568

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Well, at least Trump (and you) have stopped insisting that there will be hundreds of trade deals by the end of next week.

I never wrote that hundreds of trade deals would hit. Japan inks deal.

The European Union said on Wednesday it plans to hit the US with 30% tariffs on over $100 billion worth of goods in the event the two sides cannot reach a trade deal by Aug. 1.

Bloomberg News reported the European Commission will combine $24 billion in approved tariffs with a proposed $83 billion US goods list into one countermeasure package that would hit everything from American whiskey to cars to Boeing (BA) planes.

https://www.yahoo.com/finance/news/live/trump-tariffs-live-updates-trump-strikes-deal-with-japan-but-eu-digs-in-with-over-100b-counterattack-200619069.html

Recall that Trump's White House claimed that the EU had 39% tariffs on U.S. goods.
That was a LIE.

The WTO says that the EU's trade-weighted average tariff rate in 2023 was 2.7%
8.4% for Ag products, but was around 2.3% for non-Ag products that year.

40% of Toyota's sales are in the US. The fact that their shares went up after Japan got slapped with 15% struck me as weird, maybe the market discounted a higher tariff, or maybe that explanation above makes sense.

movielover said:

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If one believes the WTO.

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Why would anyone believe Trump's "reciprocal" tariffs when they weren't even reciprocal to begin with?

Never mind that SWITZERLAND has no industrial tariffs on U.S. goods.

But Trump the Chump claims that they have a 61% tariff on us.

I've repeated this on numerous occasions here, but you're

incapable of ADMITTING THAT TRUMP IS FULL OF BS.

This board that he's holding is full of LIES.
But you're too gullible to figure that out.

DiabloWags said:

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The European Union said on Wednesday it plans to hit the US with 30% tariffs on over $100 billion worth of goods in the event the two sides cannot reach a trade deal by Aug. 1.

Bloomberg News reported the European Commission will combine $24 billion in approved tariffs with a proposed $83 billion US goods list into one countermeasure package that would hit everything from American whiskey to cars to Boeing (BA) planes.

https://www.yahoo.com/finance/news/live/trump-tariffs-live-updates-trump-strikes-deal-with-japan-but-eu-digs-in-with-over-100b-counterattack-200619069.html

Recall that Trump's White House claimed that the EU had 39% tariffs on U.S. goods.
That was a LIE.

The WTO says that the EU's trade-weighted average tariff rate in 2023 was 2.7%
8.4% for Ag products, but was around 2.3% for non-Ag products that year.

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What a tool. This is what's called "burying the lead." The EU and USA are close to a deal.

"The Financial Times reported that the deal would see US tariffs on EU imports dip to 15%, instead of the 30% President Trump has threatened from Aug. 1. Bloomberg reported the 15% tariff rate would apply to "most products." "

Japan = 15%
EU = 15%
Phillipines and Indonesia = 19%, no tariff on USA exports

movielover said:

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What a tool. This is what's called "burying the lead." The EU and USA are close to a deal.

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Yes, just like 90 deals in 90 days.

President Trump announced a unique, large trade deal with Japan:

- 15% tariff on Japan
- 0% tariff on many American goods
- Japan provides $550 Billion in seed money for new USA ventures: 90% of profits go to the US, 10% go to Japan

Japan couldn't stomach a 25% tariff.

PRESIDENT TRUMP "We just completed a massive Deal with Japan, perhaps the largest Deal ever made. Japan will invest, at my direction, $550 Billion Dollars into the United States, which will receive 90% of the Profits. This Deal will create Hundreds of Thousands of Jobs There has never been anything like it. Perhaps most importantly, Japan will open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things. Japan will pay Reciprocal Tariffs to the United States of 15%. This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan. Thank you for your attention to this matter!"

POTUS says Australia will accept American beef.

MAGA.

There are 170M Muslims and 28M Christians in India who have no religious or cultural qualms about eating beef. However I think the import and consumption of beef might be restricted by the ruling BJP party who are essentially Hindu fundamentalists for whom beef is literally a sacred cow.

This kind of reminds me of a Russian exchange between Putin and a Russian state bureaucrat who was talking about developing Russian pork exports to Indonesia, which Putin laughed off because Indonesia is the largest Muslim country in the world. Indonesia however has over 30M Christians and Buddhists, so a pretty large market for pork, as that is the meat of choice in SE Asia, a fact which the Russian bureaucrat did not want to mention as he didn't want his boss to lose face...

I just heard Dr. Victor Davis Hanson say $15 Trillion is coming into the USA. WOW.

New Japan trade deal is gonna bring more than half a Trillion in new investments and hundreds of thousands of jobs to America

Every other President the past few decades has sent our money and jobs overseas

Trump’s bringing em home pic.twitter.com/S6RTif3QqF

— DC_Draino (@DC_Draino) July 22, 2025

Trump: Most tariff deals are finished

— unusual_whales (@unusual_whales) July 25, 2025

Now how about appointments?

bear2034 said:

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Nasdaq and S&P500 closed at all time highs today.

But the tariffs.

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Too bad you dont own any stocks.
But her emails ...

DiabloWags said:

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bear2034 said:

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Nasdaq and S&P500 closed at all time highs today.

But the tariffs.

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Too bad you dont own any stocks.
But her emails ...

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Bro, I sold most of my stocks and went all in on Bitcoin in late 2023. It's like buying Amazon stock in the late 90's. I still hold some TSLA for exposure to AI, bro. I know you're liking Trump's economy, me too!

bear2034 said:

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DiabloWags said:

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bear2034 said:

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Nasdaq and S&P500 closed at all time highs today.

But the tariffs.

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Too bad you dont own any stocks.
But her emails ...

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Bro, I sold most of my stocks and went all in on Bitcoin in late 2023. It's like buying Amazon stock in the late 90's. I still hold some TSLA for exposure to AI, bro. I know you're liking Trump's economy, me too!

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Nice job Bear2034. You were holding Bitcoin, which is up 20% YTD. waggers might be grumpy because he was shorting the market, which is up 8% YTD. "Noobs" rock.

DiabloWags said:

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movielover said:

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I just heard Dr. Victor Davis Hanson say $15 Trillion is coming into the USA. WOW.

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You mean like that $10 Billion Foxconn deal in Wisconsin during Trump's first term?

Dont be so gullible.

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Hey, it's movielover and it's a day ending with a y.

Given the massive tariff revenue coming in, POTUS is considering a tax rebate for low and middle income Americans.

🚨 BREAKING: President Trump just announced he’s reached a trade deal with the European Union

This is a HUGE deal. European goods coming into the U.S. will have a 15% tariff.

And the EU will:

✅ Put 0% TARIFFS on US goods
✅ Buy hundreds of BILLIONS in military gear
✅ Make… pic.twitter.com/mjgu2OqaJZ

— Nick Sortor (@nicksortor) July 27, 2025

Under the terms of the deal, the EU has agreed to buy $750 billion worth of energy from the US.

Additionally, the EU will make $600 billion in investments in the US and will purchase hundreds of billions of dollars' worth of military equipment.

European goods coming into the U.S. will have a 15% tariff, the EU will put 0% tariffs on U.S. goods.

Military purchases in 2030?

Everything else looks great.

And just like that…

Countries are happy with only a 15% tariff.

President Trump has totally rebalanced global trade.

America is no longer getting ripped off by every country.

And it’s all because of one man…

It’s clear why they wanted to remove him.

— C3 (@C_3C_3) July 27, 2025

movielover said:

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Military purchases in 2030?

Everything else looks great.

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Eu gets a 15% tariff. US gets 0% tariff + $750b in energy buys + an additional $600B investment in the US + record military sales to Europe.

Canada and China hardest hit.

— unseen1 (@unseen1_unseen) July 27, 2025

Maybe it's a take down the CCP play?

The EU agreement is pretty much in line with the Japan deal.

And the reality is there will be higher tariffs, which may lead to more inflation depending on how much of it gets absorbed by manufacturers and how much of it is passed onto consumers.

For example, Porsche had already increased pricing by 3.6% - 4.0% on the heels of the UK completing their 10% tariff deal.

It sounds like they expected an increase of 12.5% or so from the existing pre-trade war 2.5% tariff . . . probably looking for a three-way split in absorption between Porsche, dealers, and consumers.

But it looks like any deal with China got punted again.

Earlier on Sunday the South China Morning Post, a Hong Kong-based English-language newspaper, reported that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday."

Here's where everything was before this EU deal:


The Truth About EU Automotive Tariffs and Their Impact on the United States - Manufacturing International

DiabloWags said:

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The EU agreement is pretty much in line with the Japan deal.

And the reality is there will be higher tariffs, which may lead to more inflation depending on how much of it gets absorbed by manufacturers and how much of it is passed onto consumers.

For example, Porsche had already increased pricing by 3.6% - 4.0% on the heels of the UK completing their 10% tariff deal.

It sounds like they expected an increase of 12.5% or so from the existing pre-trade war 2.5% tariff . . . probably looking for a three-way split in absorption between Porsche, dealers, and consumers.

But it looks like any deal with China got punted again.

Earlier on Sunday the South China Morning Post, a Hong Kong-based English-language newspaper, reported that "Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday."

Here's where everything was before this EU deal:


The Truth About EU Automotive Tariffs and Their Impact on the United States - Manufacturing International

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Tariffs on steel still 50%; Tariffs on pharmaceutical threatening 200%; Tariff on semiconductors ?. Consumers are still getting taxed.

Dont forget a 50% tariff on Copper starting August 1st.