“It Is A Full-Blown Crisis Already,”

[JustAnotherNut]

ummmmm, you just saw panic on wall st. You had the WH meeting secretly with Wall St to quell the panic.

Wall Street panics every other day, and yet it's still in existence and doing just fine.


Sorry but no, I was not invited to such a meeting

 

[Dont Taz Me Bro]

MARXIST CRISIS MONKEY RATTLES THE CAGE REEEEEEEEEEEEEEEEEEEEEEEEEEE

FULL BLOWN I TELL YOU,,,

Stop your pearl clutching and grow your own

They operate has programmed

 

[Lesh]

Prior to "Liberation "Day", I said on this forum that Trump's new tariff war would hurt farmers the most. I knew this because they were the ones hurt the most by Trump's first far left protectionism.

During Trump 1.0's tariff war, which was much milder than this one, his far left protectionist tariffs cost Americans $34 billion a year, eliminated 300,000 jobs, and cost taxpayers $22 billion in rescue subsidies for farmers.

This one is already worse.

U.S. agriculture isn’t nearing a trade war tariff crisis, it’s in a ‘full-blown crisis already,’ farmers say


Data released by the U.S. Department of Agriculture on Thursday revealed China made its biggest cancellation of pork orders since 2020, halting a shipment of 12,000 tons of pork.

AgTC said “massive” financial losses are already being felt by its members as a result of the trade war, based on reports it is receiving from member companies.

A wood pulp and paperboard exporter reported to the trade group the immediate cancellation or hold of 6,400 metric tons in a warehouse and a hold of 15 railcars sitting in what is known in the supply chain as “demurrage,” when fees are charged for delayed movement of goods.


[snip]

McKenney cited retaliatory tariffs on U.S. agricultural products, as well as manufactured goods; both are essential exports that move through Oakland. Exports include almonds, beef, pork, dairy, and recycled materials, much of which is destined for Asia. China ranks as the port’s top import trading partner and third export partner, representing 29% of Oakland’s total trade volume.



[snip]



“So many local, union jobs depend on the Port’s robust shipping operations including dockworkers, truck operators, and warehouse workers,” said Rep. Lateefah Simon, D-Calif. “I support smart trade policies that uplift workers and lower costs for Oakland’s working families — not an illogical and retaliatory trade war.”

Agricultural exporters warned that there are no other markets that can quickly replace China’s demand and absorb the volume, and that is already affecting prices.

“We have diverted employees and production to other (less profitable) production and dramatically slowed down purchasing from independent venders (loggers, truckers, sawmills),” one lumber exporter reported to AgTC. Some products have already declined 20% in market value, the exporter reported, which it said will influence inventory planning and future investments.

And all to what purpose?

This is nuts

 

[JustAnotherNut]

They operate has programmed

Ya know........if you're gonna slam somebody atleast make it make sense

 

[LordBrownTrout]

Lol, run for the hills!!!!!

 

[progressive hunter]

They operate has programmed

yeah the left is a cult that just repeats what their media overlords tell them to repeat

 

[Mashmont]

As I keep reminding people, inflation is a lagging indicator. So is unemployment.

The current decrease in inflation is due to Biden's policies.

You won't see the inflationary effects of Trump's far left protectionism for some time. That's why the Fed is not easing up on interest rates.

As for Nasdaq, it is down nearly 10 percent since Trump's inauguruation.

The Dow is down nearly 5 percent.

The S&P 500 is down nearly 6 percent.

If you think "this thing is working", then you aren't paying attention. You didn't even read the OP link.

This topic was about exports. I'm starting one in a minute about imports. You may be seeing shortages of some foods in your local grocery store soon.

Also, mortgage rates are increasing. So no, it isn't working.

lol. Which "Biden policy" reduced inflation? Economy getting revved up for a major explosion. Excellent job, Mr. President!