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#tariffs

628 innlegg271 deltakere108 innlegg i dag
Offentlig
R. Scott Pert

US Treasury Secretary says situation with China is unsustainable, source says

> U.S. Treasury Secretary Scott Bessent on Tuesday said that the tariff standoff with China is unsustainable and that he expects the situation to de-escalate, a source familiar said.

> Bloomberg first reported this.

> He also added that negotiations haven’t started but that a deal is possible, the source added.

> Bessent said this at a closed door event hosted by JPMorgan
reuters.com/business/finance/u #Tariffs #TradeWar

Offentlig
R. Scott Pert

Tesla Q1 earnings show major losses for Musk amid Trump administration stint

> The electric automaker — which is increasingly trying to diversify into high-tech products like robots — said profits fell 71% to $409 million compared to $1.39 billion during the same quarter one year ago.
nbcnews.com/business/business- #Tesla #ElonMusk #tariffs

NBC News · Tesla Q1 earnings show major losses for Musk amid Trump administration stintAv Rob Wile
Continued thread
Offentlig
janhoglund

“That 25% import tax? It’s a sledgehammer to Tesla’s global supply chain. China’s 125% counterpunch? A death blow to Musk’s biggest growth market. He’s admitted it’s killing him, but he’s too chickenshit to call out his pal Donnie. Instead, he’s stuck watching billions vanish as competitors…run laps around him.”
—Dean Blundell, Elon Musk’s Empire Crumbles
#tesla #musk #trump #tariffs

Continued thread
Offentlig
janhoglund

“China’s BYD is kicking Tesla’s ass, shipping 318,000 cars in February 2025—a 161% jump—while Tesla’s China sales collapsed. Europe’s gone cold, Australia’s done, and even the U.S. is losing faith. But the real gut punch? Trump’s tariffs. A 25% levy on imported vehicles has slammed Tesla’s margins, and China’s retaliatory 125% tariff on U.S.-made Teslas has turned a key market into a kill zone.”
—Dean Blundell, Elon Musk’s Empire Crumbles
#byd #tesla #tariffs

Offentlig
Nonilex

Even on the gravest of issues, #GOP can’t summon the will to question #Trump

Just weeks after #Republicans stood by as Trump’s #tariffs threw the #economy into #chaos, they’re doing the same w/ #PeteHegseth & #NationalSecurity.

It took Pete Hegseth just 3 weeks as #defense secy to make what the powerful Republican chairman of the Senate Armed Services Cmte called a “rookie mistake” that left the senator “disturbed.”

washingtonpost.com/politics/20

The Washington Post · Analysis | Even on the gravest of issues, GOP can’t summon the will to question TrumpJust weeks after Republicans stood by as Trump’s tariffs threw the economy into chaos, they’re doing the same with Pete Hegseth and national security.
Offentlig
Vittoria Pirone 🇪🇺

FRANCE 24's Mark Owen speaks to Davide Romelli, Associate Professor in Economics at Trinity College Dublin, about the threats issued by US President Donald Trump against Federal Reserve chairman Jerome Powell. He says that the firing of the head of the central bank could be 'cataclysmic' for financial markets and the US dollar.

#Trump #FederalReserve #JeromePowell #tariffs #TradeWar #economics

youtube.com/watch?v=uLKt6Pnqgqc

YouTubeFiring Federal Reserve chair could be 'cataclysmic' for financial markets and the dollarAv FRANCE 24 English
Offentlig
Kim Perales

"Last Nov, I was part of a bipartisan deleg to Europe, meeting w FIN leaders. Everyone we met was envious of the depth of US cap markets & econ outlook.🚨Trump's destroyed both."
-Rep Casten

"The global economy will slow sharply this yr, weighed down by Trump’s imposition of the highest import taxes in >C +cloud of uncertainty that's billowed in their wake"-IMF.

His double-barreled tariff plan a 10% tax on nearly everything the US imports...
#Tariffs #Trumpcession #USPol washingtonpost.com/climate-env

The Washington Post · IMF says Trump’s tariffs will be a drag on global economic growthAv David J. Lynch
Offentlig
Kim Perales

The number of Chinese freight vessels headed to the ports of LA & Long Beach, the top destinations for Asian freight, has dropped sharply.

The trade war b/w China & the US is leading to a demand plummet, & ocean carriers have started to suspend or adjust transpacific services.

“We are at a tipping point on the West Coast,” -logistics expert.

#Tariffs #Trumpcession #Unemployment #Stagflation #Trade #China #USPol

cnbc.com/2025/04/22/busiest-us

CNBCChinese freight ship traffic to busiest U.S. ports, Los Angeles, Long Beach, sees steep dropFreight vessel traffic from China bound for the ports of Los Angeles and Long Beach is down sharply as Trump's tariffs and recession fears hit trade.
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