More than 50 countries have reached out to the President to begin tariff negotiations

[putnam6]

One half thinks tariffs will spiral us into a recession, war, and famine, and the other 

Get your commemorative limited edition tariff trade war 2-dollar bills for $19.95. 

[putnam6]

If this is just half true...

Its great news, especially if we could somehow sell our exports and brands easily in China.

Just do not see it happening in our sector, but if we could get a 10% reduction on landed cost, the cash influx would lead to increased growth in the clothing and apparel industry. Especially if this gets resolved quickly for the Spring 26 markets 

[putnam6]

I hope that's truly the case and not a return to the status quo. I'm all for bringing back industry to the US. Nixon kinda fucked us there. This should have been renegotiated long ago.

It was Tricky Dick's signature moment I remember my apolitical Dad wasn't a fan of Nixon's but he seemed to respect Kennedy and he liked Carter (more of a Southern thing) and Reagan. We watched all the news during the Vietnam and Watergate era; looking back, if anything, we were more typical lower-income southern Democrats than Republicans at the time. Anti-Vietnam War and Dad's general attitude, though, was that both parties were crooked and just take care of yourself and family, work hard be a decent person. If you have time to think about politics, time is better spent improving your situation. Thats what he did for 50 years, and it served him well. We lived next to a Vietnam War vet at the time, The guy lost his arm. Dad hired him to work for him a little while till he and his family found something permanent.  

I never realized that base trade agreements just rolled over year after year. I'd imagine one reason is to avoid the reaction of the market. There is never a good time to introduce uncertainty to the market. But yes, ONCE you read specifics,  our trade agreements needed to be redone a long time ago. 

I do enjoy the theater of it all, though. You saw where the Chinese delegation left rather abruptly, and the social media freaked. But they returned and supposedly talked over dinner. 


https://www.scmp.com/economy/global-econ...e=homepage
 

US-China trade war: Trump calls day one of crunch talks in Geneva ‘a very good meeting’ Analysts predict a wide range of outcomes for the first round of US-China dialogue, from a ‘soft deal’ to a mutually acrimonious departure
US President Donald Trump called crunch trade talks between China and the United States in the Swiss city of Geneva “a very good meeting” after they broke off on Saturday evening, with the sides set to resume negotiations on Sunday.
The talks, aimed at de-escalating a spiralling trade war between the world’s two superpowers, took place over two rounds either side of lunch at the gated residence of the Swiss ambassador to the United Nations, overlooking Lake Geneva, according to a Reuters report.
Vice-Premier He Lifeng, Beijing’s top economic official, led the Chinese delegation at the talks with his American counterpart, Treasury Secretary Scott Bessent, which began on Saturday morning local time.
 

[putnam6]

Hopefully, they detailed some sector-specific interim agreements. Doubtful; but we will see


https://www.yahoo.com/news/bessent-touts...04713.html
 

Bessent touts 'productive' talks with China, details coming MondayAri Hawkins and Phelim Kine
Sun, May 11, 2025 at 2:54 PM EDT
3 min read

The United States and China have made “substantial progress” toward reaching a detente in their trade war, Treasury Secretary Scott Bessent said.
But the Trump administration provided no further information on what the two countries had agreed to after two days of talks in Geneva, Switzerland aimed at lowering trade tensions, which have ground commerce between the world’s two largest economies to a near halt. And it’s unclear if the outcome of the talks are likely to restart bilateral trade in the near future.
“We will be giving details tomorrow, but I can tell you that the talks were productive,” Bessent said in a statement released to the press Sunday afternoon.

[putnam6]

Our companies announced no price increases, paving the way for a normal Spring 26 trade market season.

Alledgedly

 US: 10% tariff + 20% “fentanyl tax” (China retaliated before April 2)

China: – 10% baseline tariff
– +25% on coal and natural gas
– +10% on crude oil, agricultural machinery, large-displacement cars, and pickups
– +15% on chicken, wheat, corn, and cotton
– +10% on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy


Trump playbook: Raise tariffs to 145%, then “generously” cut to 30%. “It’s a huge win! The Art of the Deal, sir.”

[Oldcarpy2]

"Trump playbook: Raise tariffs to 145%, then “generously” cut to 30%. “It’s a huge win! The Art of the Deal, sir.”

A book that he didn't write, by the way.

[putnam6]

"Trump playbook: Raise tariffs to 145%, then “generously” cut to 30%. “It’s a huge win! The Art of the Deal, sir.”

A book that he didn't write, by the way.

That's it? such weak sauce... 

Volatility index plummets 


Most Active stocks are green, still predicting an instant recession from Trump's Terrible Tariff Trade wars?

[Oldcarpy2]

That's it? such weak sauce... 

Volatility index plummets 

[Image: https://denyignorance.com/uploader/image...29-287.jpg]
Most Active stocks are green, still predicting an instant recession from Trump's Terrible Tariff Trade wars?

[Image: https://denyignorance.com/uploader/image...6--953.jpg]


[Video: https://youtu.be/Mq2as5M2jBU?si=_EV5ksdqDeltL0Cz]

[Image: https://denyignorance.com/uploader/image...8 (1).jpeg]

The Art of the Deal?

Remind me, how many bankrupt companies has the business genius had?

Including a Casino!

Must take some doing, that.

[putnam6]

The Art of the Deal?

Remind me, how many bankrupt companies has the business genius had?

Including a Casino!

Must take some doing, that.

That's a weaker sauce than before. Are you posting from the pub again?

[Oldcarpy2]

That's a weaker sauce than before. Are you posting from the pub again?

I see.  Personal attacks is it, again?  Charming.