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'Concepts of a plan' I think is the more accurate description.
In other words, a nothingburger. But he'll bleat that more nothingburgers are coming "in a few weeks" just like his infrastructure and health care plans during his first term.
I'm sure the UAW pro-Trumpee's (who were about to have a love-fest in public with the Donald) while at a recent rally in Warren, MI are still self assured all will be well, given enough time. I suspect that where we live in Michigan, we may be able to hear the large head slaps when their day arrives. I 'only' visit two Facebook pages of far right folks who I worked with 20 years ago. Neither of these folks are writers in their own right. They only copy and paste 'whatever' from other FB pages into their sites. The point being.....these folks only find and throw the garbage and lies to their pages. There isn't any backup links or data about a given statement. This remains the problem that the reasonable folks having common sense can't grasp. These folks are lost and part of a cult. Scary stuff. They don't realize that they will likely become part of the damage taking shape.
"The recent elevation of Mr. Bessent, who is viewed as a pragmatist on trade, to lead the talks with China has also helped to calm markets."
Is this the same guy who couldn't tell congressman Pocan who pays tariffs? We're doomed. Maybe he could use some of his millions to buy a textbook on the topic and study up.
That is the same person, but he is serving too many bosses.
Still try to figure out why he took this job when he made many folds more as a hedge fund manager. If that is not money, he must be aiming to get to a position that he could not get otherwise. My guess is the next Fed chairman when Powell’s term is up in 2026. There are other candidates in the wing as well.
Now the tariffs is reduced from 145% to 80%. These must be the alternative math. Just serving a mob boss.
In other words the UK will now admit US beef and chicken except when they still wont.
Yep, you got it. I bet the EU would love a deal like the UK's.
I still don't get what these "we're gonna buy xx billion of your xxxx" trade "deals" accomplish. A trade rep can't make people buy stuff they don't want or that are illegal. Dump's first term "deal" with China was partly in that form of commitment, and the Chinese didn't buy anywhere near what they agreed to.
"There are also 3,450 temporary levies, covered in the 690-page 'Chapter 99' of the Harmonized Tariff Schedule, which includes tariffs from the Trump and Biden administrations going back to 2018."
"Chapter 99 has already been revised 11 times this year, compared with once for all of 2017. Customs brokers must keep up with the changes and know which codes to add for each product and country of origin. Sometimes these rates get stacked on each other, and sometimes only one rate prevails."
"These rapid shifts in policy are compounded by White House communications that aren’t specific enough for their work. 'First it’s a tweet, then it’s an executive order,' a Los Angeles area customs broker told Barron’s. 'But that wording, it’s close. But it’s not technical enough for us in the industry to be able to move on it.'”
Comments
In other words, a nothingburger. But he'll bleat that more nothingburgers are coming "in a few weeks" just like his infrastructure and health care plans during his first term.
Equity Markets - "Give us more of these nothingburgers. We enjoy the lack of substance - we just want a show!"
Then, after the China negotiations go nowhere, Bessent will get the shaft. Teflon Don will do his little shuffle, play the blame game. Cha-cha-cha.
i.e., trump is telling big3 its time to cough up again...and offer that F150 special edition in mascara orange by trumpcoin only.
https://fr8technologies.com/press-release/freight-technologies-secures-up-to-usd-20-million-to-create-an-official-trump-token-trump-treasury/
I'm sure the UAW pro-Trumpee's (who were about to have a love-fest in public with the Donald) while at a recent rally in Warren, MI are still self assured all will be well, given enough time. I suspect that where we live in Michigan, we may be able to hear the large head slaps when their day arrives. I 'only' visit two Facebook pages of far right folks who I worked with 20 years ago. Neither of these folks are writers in their own right. They only copy and paste 'whatever' from other FB pages into their sites. The point being.....these folks only find and throw the garbage and lies to their pages. There isn't any backup links or data about a given statement. This remains the problem that the reasonable folks having common sense can't grasp. These folks are lost and part of a cult. Scary stuff.
They don't realize that they will likely become part of the damage taking shape.
Is this the same guy who couldn't tell congressman Pocan who pays tariffs? We're doomed. Maybe he could use some of his millions to buy a textbook on the topic and study up.
Still try to figure out why he took this job when he made many folds more as a hedge fund manager. If that is not money, he must be aiming to get to a position that he could not get otherwise. My guess is the next Fed chairman when Powell’s term is up in 2026. There are other candidates in the wing as well.
Now the tariffs is reduced from 145% to 80%. These must be the alternative math. Just serving a mob boss.
I still don't get what these "we're gonna buy xx billion of your xxxx" trade "deals" accomplish. A trade rep can't make people buy stuff they don't want or that are illegal. Dump's first term "deal" with China was partly in that form of commitment, and the Chinese didn't buy anywhere near what they agreed to.
"There are also 3,450 temporary levies, covered in the 690-page 'Chapter 99' of the Harmonized Tariff Schedule,
which includes tariffs from the Trump and Biden administrations going back to 2018."
"Chapter 99 has already been revised 11 times this year, compared with once for all of 2017.
Customs brokers must keep up with the changes and know which codes to add for each product
and country of origin. Sometimes these rates get stacked on each other, and sometimes only one rate prevails."
"These rapid shifts in policy are compounded by White House communications that aren’t specific enough
for their work. 'First it’s a tweet, then it’s an executive order,' a Los Angeles area customs broker told Barron’s.
'But that wording, it’s close. But it’s not technical enough for us in the industry to be able to move on it.'”
https://www.msn.com/en-us/money/news/trump-s-tariffs-turned-a-sleepy-industry-into-the-front-lines-of-the-trade-war/ar-AA1EiNCw