US Tariff War

Blue Maverick said:
Bloke on the radio said it takes 4 weeks for ships from China to get to USA, at any one time there approximately $1.5 billion worth of goods on thise ships, now they are double that amount, that was before this! who’s paying? how long can the ships stay offshore until it’s all sorted and also this would lead to a backlog of shipping as the ships stay offshore can’t be unloaded it can go back and fill up again.
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presumably anchor was slipped with the ships insured as was but now cargo could be double in price? Does Lloyds allow them to double the cover for double the premium but vary it if tariffs are varied? Thats just one example of the trading insecurity this flip flopping is causing
 
Largest U.S. machine tool builder Haas Automation issues stark warning on tariffs.

Investing.com -- Privately held Haas Automation, which describes itself as the largest machine tool builder in the Western world, has warned that it is scaling back its production activities amid a sharp decline in demand for its products following President Trump’s tariffs.

The company, which has been in operation since 1983, cited recent tariffs as a significant factor affecting its business. In response to the decreased demand from both domestic and international customers, Haas Automation has reduced production, eliminated overtime, and put a freeze on hiring at its Oxnard, California manufacturing plant, where it employs 1,700 workers.

The company is currently evaluating the full extent of the tariffs’ impact on its operations. As part of its cautious approach, Haas has also paused new employment requisitions. Despite these challenges, Haas remains hopeful that the Trump Administration will implement measures to alleviate the pressures faced by U.S. manufacturers like themselves.

Haas Automation’s concerns are particularly focused on the potential for reduced tariffs on machine tools imported from countries such as Japan, Taiwan, and Korea. The company warns that without a similar reduction in tariffs for imported raw materials and components, the $5 billion U.S. machine tool industry could suffer greatly. This industry is not only vital for economic reasons but also plays a crucial role in U.S. national security.

Machine tools are the backbone of the U.S. manufacturing sector, and any threat to this industry could have widespread implications.

Haas Automation is calling on the Trump Administration to honor its commitment to American manufacturing.

The company is advocating for two specific forms of support: tariff exemptions for essential raw materials and components, and the maintenance of tariffs on machine tools imported into the United States.

ca.finance.yahoo.com

Largest U.S. machine tool builder Haas Automation issues stark warning on tariffs

Investing.com -- Privately held Haas Automation, which describes itself as the largest machine tool builder in the Western world, has warned that it is scaling back its production activities amid a sharp decline in demand for its products following President Trump’s tariffs.
ca.finance.yahoo.com ca.finance.yahoo.com
 
Don't know if this has been discussed on here, but the UK has a tariff surcharge of 10% and the EU has a surcharge of 20%. What I'd like to know is how is this going to be policed as the EU and the UK had a terrible job in trying to include Northern Ireland in the UK but to do so without imposing a hard border between the UK and the Irish Republic. Eventually it was accepted by having an imaginary line within the realms of the Irish Sea. To do it again with Trumps tariffs might just prove to be a step too far with the considerable differences between the two rates.
 
On the bond market changes, it occurs to me that at the weekend there was a report that China, Japan and South Korea had informally agreed to work together against Trumpist economics.

Japan holds a trillions dollars of US bonds, China not far off.

Reports suggest that Japan sold some bonds and made the market buck, increasing US debt repayments.

If that's what happened, it's a very subtle, very effective flex.

I really want to see the diplomatic message that accompanied it!
 
MillionMilesAway said:
On the bond market changes, it occurs to me that at the weekend there was a report that China, Japan and South Korea had informally agreed to work together against Trumpist economics.

Japan holds a trillions dollars of US bonds, China not far off.

Reports suggest that Japan sold some bonds and made the market buck, increasing US debt repayments.

If that's what happened, it's a very subtle, very effective flex.

I really want to see the diplomatic message that accompanied it!
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He who wishes to fight, must first count the cost.
 
MillionMilesAway said:
On the bond market changes, it occurs to me that at the weekend there was a report that China, Japan and South Korea had informally agreed to work together against Trumpist economics.

Japan holds a trillions dollars of US bonds, China not far off.

Reports suggest that Japan sold some bonds and made the market buck, increasing US debt repayments.

If that's what happened, it's a very subtle, very effective flex.

I really want to see the diplomatic message that accompanied it!
Click to expand...
bluethrunthru said:
The prisoner

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