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

[quintessentone]

[Video: https://youtu.be/StKVS0eI85I?si=kd8lTQzbFkmcncRw]

At Trump's request? Xi has the upperhand here.

[putnam6]

US trade deficit cut in half.... first two quarters of the year look stellar

[putnam6]

 

• The X post from Rapid Response 47 highlights a significant reduction in the U.S. trade deficit for April 2025, dropping to $61.6 billion from $138.3 billion in March, a decrease of more than half, which is a surprising and substantial improvement in trade balance.
  
•  
  
• This improvement is attributed to a notable drop in imports, as mentioned in the video, which bolsters the GDP, with the Atlanta Fed's GDPNow model now estimating a 4.64% growth rate, reflecting a positive economic outlook.
  
•  
  
• The context of this economic data is set against a backdrop of other labor market indicators, such as a surprising increase in job openings to 7.4 million in April and expectations of solid job growth, suggesting a robust economic recovery under the current administration's policies.
  

[quintessentone]

US trade deficit cut in half.... first two quarters of the year look stellar



[Image: https://denyignorance.com/uploader/image...32-703.jpg]

What is your national debt at now? Subtracting is needed here from $36.2 trillion, with a 'T' and increasing substantially every day.

[Oldcarpy2]

Meanwhile the forecast by the OECD for US growth is distinctly gloomy:

https://www.msn.com/en-gb/money/other/oe...ngNewsSerp

And the OECD goes on to say:

"Trump's sweeping tax cut and spending bill was expected to push the U.S. budget deficit to 8% of economic output by 2026, among the biggest fiscal shortfalls for a developed economy not at war."

[putnam6]

If this sticks and becomes the new normal, our business will be fine.

If this sticks, it's fairly close to what I expected

Regardless, it isn't the WCSWNFB that the peanut gallery here continuously bantered above till it was obvious the economy didn't crash



According to Grok, America is in a much better position than last year in regards to China If this sticks 
  Tariff Imposition: The U.S. is applying a higher average tariff rate (55% vs. 19.3%), giving it a stronger negotiating position and potentially more revenue or protection for domestic industries. This reflects Trump’s 2025 tariff escalation strategy, as noted in BBC (June 5, 2025) reporting a 20% import drop due to earlier hikes.
Yes, in Relative Terms: The U.S.-China tariff differential widened from 4.3% to 45%, enhancing the U.S.’s ability to influence trade flows and extract concessions (e.g., rare earths, student access).

[quintessentone]

If this sticks and becomes the new normal, our business will be fine.

If this sticks its fairly close to what I expected



[Image: https://denyignorance.com/uploader/image...ABEvk.jpeg]

The news just reported they agreed upon a framework to begin talks. What is China's response?

Trump’s China ‘truce’ is nothing of the sort | CNN Business

[Astyanax]

This thread was started on the sixth of April. Today is the nineteenth of June.

How many trade deals finalized, then, in two and a half months?

I count two deals-in-progress. One, with China, brings the terms of trade back to what they were before talks were held in Geneva. The other, with Britain, offers the UK concessions on luxury-car tariffs in exchange for preferential terms for US farm and other products to a total of slightly over $1bn.

Paltry.

What's more, neither deal has been finalized yet. That's okay; trade deals take time – often years. But if the statements coming out of Trump and his minions are to be believed, there should have been a flood of news about deals, or at least trade talks, with over fifty other countries. Where is it?

Boasting and bluster from Trump and his pals is all we hear; on substantive deals, nothing – for the very good reason that nobody is doing any deals. And I'm pretty sure that even the most unthinkingly committed MAGAist is now asking themselves, 'Where are they?'

Trump went to war with the whole world at once. He lost, as any fool could tell you he would. And so America, too, has lost – the latest but far from the last in the series of humiliations he is imposing upon the country.

[quintessentone]

With Trump's continuing back peddling with the tariffs, there is no way to make any determination yet what will actually happen when they kick in.

"The furious push follows Trump's warning last week that he would soon send letters setting unilateral tariff rates, raising questions about the status of negotiations and a return to his "Liberation Day" tariffs that roiled markets. Trump instituted a pause on his most punishing duties that expires July 9."

Trump tariffs live updates: Trump gets UK trade deal as EU seeks similar offer

[putnam6]

How many in this thread predicted the collapse of the American economy because of Trump's tariffs


Eric Daugherty

@EricLDaugh
·
4h

BREAKING: The European Union is now considering lowering tariffs on the United States to appease President Trump for a trade deal, per WSJ How many WINS is this guy going to rack up in the span of one week? After peace in the Middle East, we are about to get the Big Beautiful Bill with tax cuts and then MAJOR trade wins. Keep it coming!

Since the major tariff implementations in April 2025, the U.S. has seen a significant increase in tariff revenue, with $15.9–16.3 billion in April, $21.9–23 billion in May, and an estimated $37.2 billion by June 20, totaling $75 billion year-to-date. This represents an additional $34.6 billion compared to 2024. However, these figures fall short of exaggerated claims (e.g., $2–3 billion daily), and long-term revenue is uncertain due to potential import declines, trade deals, and legal challenges. For the most accurate and up-to-date figures, refer to the U.S. Treasury Department’s Daily Treasury Statement or the Penn Wharton Budget Model’s analyses.

https://x.com/kylenabecker/status/1938042523345383529