Trump Threatens the EU with 50% Tariffs

So what are the tariffs, and not the 25% counter tariffs they did in response to Trump's first tariffs on them?
 
jwoodie said:
Please try to stay on your own topic. As you know, Trump's tariff announcements are a negotiating tactic for better trade deals. The bed wetters who drive down stock prices merely create buying opportunities for others. But the ensuing volatility does drive up Treasury yields, so please stop overreacting to every news headline.
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What are the tariffs. Quit hiding.
 
Zincwarrior said:
What are the tariffs. Quit hiding.
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Trump already caved from 145%, and he's insulted every trade partner the US "had." Of course, for Maga, he's a very stable genius. He's got ONE, ONE deal done in 4 mos, and that was with an insignificant economy. I think he'll annonunce a deal with India at some point, but as Bessent last weekend the Admin will probably just have to unilaterally set tariffs by geographical region.

"
REGIONAL DEALS FLOATED: Treasury Secretary Scott Bessent on Sunday suggested the administration could impose some tariffs by region, ahead of a looming July 9 deadline for the return of so-called reciprocal tariffs.

“President Trump has put them on notice that if you do not negotiate in good faith, you will ratchet back up to your April 2 level,” Bessent said on CNN’s “State of the Union with Jake Tapper.” He added, “My other sense is that we will do a lot of regional deals — ‘this is the rate for Central America, this is the rate for this part of Africa.’”

BUT the big issue is, imo, what US bonds will do now that Maga passed his bill in the house, and bond traders are not happy with the increased deficits to put it mildly.
"
At least a few important lawmakers in Washington are already watching this dynamic closely. Before the run-up in yields this week, House Budget Chair Jodey Arrington (R-Texas) told me the bond market would be the ultimate arbiter of what is an acceptable tax-and-spend package.

“If the bond markets don’t think we’re serious,” he said, “I’m not sure it will matter what we do, because they’re going to dictate the terms.”

So far, it’s unclear whether the market reaction this week will be enough to actually shift the trajectory of the “big, beautiful bill.”

The legislation has cleared the House but now faces the Senate GOP gauntlet, where Sen. Ron Johnson (R-Wis.) has called for steep cuts to return the U.S. to pre-pandemic levels of spending.

The hard-fought compromise among Republicans in the House was delicate enough that any changes could snarl the bill. Johnson told me at a recent POLITICO event that the initial response to his hawkish push was dismissive — Johnson summed it up as: “That ship has sailed” — though he now says there are enough votes to block the bill absent more spending reductions.

Notice that Johnson still doesn't get it anymore than Mighty Mike. IF investors's demand for US debt is not there we have to either devalue the dollar (and cease being the reserve or trade currency) or Cut spending to pay the interest on the debt as our borrowing rates rise.
 
HikerGuy83 said:
farkey ?
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I can't wait to go home early
HikerGuy83 said:
Even at their worst, they are better than you.
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imo a good many are scared and desperate, as both parties fucked them. BUT none of that changes the fact that the US has to cut spending and cut deficits, or we'll no longer be able to borrow enough, and Trump's big beautiful bill raised spending and raised deficits. So cheerleading is the game of idiots.

And tariffs aren't gonna touch covering Trump's spending.
www.cf.org

WSJ: Trump's 'Big, Beautiful Bill' Increases Deficit by $3 Trillion

5 min readHouse Republicans’ last-minute grappling over the details of President Trump’s “big, beautiful” tax-and-spending bill has them colliding with a stark reality: The plan won’t reduce federal budget deficits and would make America’s fiscal hole deeper. The current proposal would increase...
www.cf.org www.cf.org
 
The the Dow is only down a few hundred shows that the markets really don't care that much about what Trump threatens any more.
 
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