90! Day Tariff extension

[CNCAppsJames]

Apple sent 600 TONS (about 1.5.m) of iPhone out of China to the US to avoid tarriffs.

Commie phones. 

[mkd]

I like the counterfeit cordless drill batteries and chargers instead of getting ripped off by mainstream brands, that are actually made in the same Chinese factory.
 European union took apple to task for their cable gamesmanship.. cordless drill batteries with proprietary clips is quite the farce.

[CNCAppsJames]

...European union took apple to task for their cable gamesmanship..

Yeah... those cables were some SERIOUS BS. 

[neurosis]

lol. 

Made in America? 

from r/economy

[Newbeeee™]

There's a lot of them on Twatter - Trump etc on a sewing machine making MAGA hats etc.
Apparently, "all Ai video's made in China".

I don't believe....
(the CiA don't approve this post....)

[neurosis]

Apparently, "all Ai video's

When you watch that video, it's obviously Ai. Look at the hamburger materialize out of thin air. .  I dont know where the video came from.

Putting the video and propaganda aside, China has the US destroyed in every way imaginable when it comes to manufacturing. I don't think that, at least for now, that's even disputable. Look at the percentage of active cargo ships that are made in China.  That kinda seems important since we've been tossing around charging something like a million dollar docking fee for any ship made in China?  Check the numbers on that. I'm not sure if that's still a thing, but if it is, imagine how that would affect the shipping industry in the US.

We have a long way to go to catch up and I don't think it can happen in a single presidency.

[neurosis]

https://www.cnbc.com/2025/03/27/if-china-freight-ship-fines-hit-were-out-of-business-in-us-carrier-warns.html

[Newbeeee™]

DuH....it's  OBVIOUSLY ai
I know Trump drove the dump truck, but he won't be working in a sewing factory!

As for your statement
China has the US destroyed in every way imaginable when it comes to manufacturing

Nah. Vanguard/Blackstone/Statestreet etc
Offshored it all - initially by stealth, but all planned and by design.

[neurosis]

China

Do you think that the US holds all the cards in this? They don't seem to be backing down.

[mkd]

Do you think that the US holds all the cards in this? They don't seem to be backing down.

The Tariff Act that preceded the Smoot-Hawley Tariff Act of 1930 was the **Fordney-McCumber Tariff Act of 1922**.

If you look into the first act it was fine. The crash era smoot+ act is blamed for extending the depression but msm has amnesia. Any how this was when USA was a net exporter of goods unlike now when we are a net expoerer of jobs.

[neurosis]

Any how this was when USA was a net exporter of goods unlike now when we are a net expoerer of jobs.

It's definitely a different world than it was in the 1930's.

[neurosis]

I don't believe....

[mkd]

Here is the real reason why Trump delayed for 90 days. Not just the stock market but the bond market tanked.
 And what you can do about it at the end of the video
.
.
Conventional wisdom has you at 6040 stock Bond allocation, or a variation, for personal finance. Be aware that Bond portion is not without risk. Personally, I find most bonds to be return free risk. I would rather be in boring Blue Chip stocks and money market along other diversifiers

[Smit]

To expand a little on MKD's post....

Mighty U.S. dollar feels heat as Trump's tariffs spark trade turmoil

SINGAPORE, April 11 (Reuters) - In just a week, the dollar has gone from a safe haven to investors' whipping boy as U.S. President Donald Trump's chaotic tariffs on friend and foe alike undermine decades of trust in the world's reserve currency.

The sudden loss of confidence was nowhere more stark than in the Treasury market, which saw the largest weekly increase in borrowing costs since 1982 as offshore funds fled.

"The U.S., almost overnight, it seems to have lost its safe-haven attributes," said Ray Attrill, head of FX strategy at National Australia Bank.

"There is ... a loss of confidence to some extent ... you're overlaying that with the loss of exceptionalism and the view that in the short-term, at least, it's the U.S. economy that's going to be suffering more than any other from what's happening on the tariff front."

The dollar, already on course for its worst year since 2017 , on Friday plunged to a decade-low against the Swiss franc and dropped to its weakest level against the euro in more than three years.
"The whole premise of the dollar as a reserve currency is being challenged, effectively, by what we've seen since Trump's election," said Attrill.

It was the establishment of the Bretton Woods system in 1944 that cemented the greenback's global standing. Post-war planners devised a system built on exchange rate stability and deepening international trade and the dollar remained dominant even after Bretton Woods broke down in the early 1970s.

But Trump's recent moves on trade have shaken perceptions. In a matter of days he has imposed hefty tariffs on the world, made an abrupt U-turn on his decision and intensified a trade war with China, throwing into question the reliability of the U.S. administration.

Stocks globally have shed trillions of dollars and world markets have gone into a tailspin.
"Regardless of how the next 90 days evolve, the U.S.'s international reputation has been eroded," ANZ group chief economist Richard Yetsenga said in a note.

"The global economy is in a weaker position than it was before the tariffs."
Martin Whetton, head of financial markets strategy at Westpac, said this week's massive shift in U.S. dollar swap spreads, the "sharp flash-crash" move higher in U.S. Treasury yields and the heavy selloff in the dollar showed "a stripping away of the shield of liquidity and safety".

"By losing or diminishing credibility as a financial safe haven, the willingness of creditors to lend money to the U.S. is reduced," he said.

Things are so bad that the U.S. now has to pay investors more to borrow their money than Italy, Spain or Greece.

To be sure, some believe the dollar selloff could be temporary.

"Once the uncertainty is more or less gone, the tariff rates are set, there's no back and forth, we'll see the dollar getting stronger again because the eventuality is that the tariffs are set in place and this is the new normal," said Francis Tan, chief strategist for Asia at Indosuez Wealth Management.

But even if it does prove short-lived, any erosion of the dollar's standing as a safe-haven is bad news for investors.

For those who have piled trillions of dollars into buoyant U.S. markets in recent decades, a sharp dollar fall could result in higher interest rates for longer as price pressures at home persist, which is bad for bonds and equities.

Foreigners owned $33 trillion of U.S. debt and stocks at the end of 2024.

"The Trump administration's ambitious agenda to reform the international financial system seems almost oblivious to the reality of America's extreme dependence on foreign capital as reflected in its net international investment position," said Chris Wood, global head of equity strategy at Jefferies, in a note.

'This is Not Normal': Trump's Tariffs Upend the Bond Market

The bedrock of the financial system trembled this week, with government bond yields rising sharply as the chaotic rollout of tariffs shook investors' faith in the pivotal role played by the United States in the financial system.

U.S. government bonds, known as Treasuries because they are issued by the U.S. Treasury, are backed by the full faith of the American government, and the market for Treasuries has long been deemed one of the safest and most stable in the world.

But the Treasury market's erratic behavior all week has raised fears that investors are turning against U.S. assets as President Trump's trade war escalates.

The yield on the 10-year Treasury, which underpins corporate and consumer borrowing and is arguably the most important interest rate in the world, rose roughly 0.1 percentage points on Friday. The rise added to sharp moves throughout the week that have taken the yield on the 10-year Treasury from less than 4 percent at the end of last week to around 4.5 percent.

These increases may seem small, but they are large moves in the Treasury market, prompting investors to warn that Mr. Trump's tariff policies are causing serious turmoil. It matters to consumers as well. If you have a mortgage or car loan, for example, then the interest rate you pay is related to the 10-year yield.

Ten-year treasuries are also considered a safe haven for investors during time of volatility in the stock market, but this week's sharp rise in yields have made this market unusually perilous.

A bond's yield moves in the opposite direction to its price. So as yields have been rising unexpectedly, investors around the world that hold trillions of dollars of Treasuries are seeing the value of their holdings suddenly decline.

Rising yields on the 30-year long bond have also been historic, analysts said. This bond is considered a particular refuge for pension funds and insurance companies, because they have liabilities that stretch into the future, so they need assets that match that.

"This is not normal," Ajay Rajadhyaksha, global chairman of research at Barclays, wrote in a report on Friday. Grappling for an explanation, Mr. Rajadhyaksha pointed to speculation by Asian investors who are selling in response to tariffs, as well as the possible unwinding of highly leveraged bets in the Treasury market. "Whatever the reason, right now, bond markets are in trouble," he said.
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The yield on the 30-year Treasury bond rose 0.44 percentage points this week, trading roughly flat on Friday. The movement signaled a sharp shift in demand for the long bond. The Federal Reserve fixes a few very short-dated interest rates that then ripple out across financial markets. But the further away from the Fed's rates you go, the less impact the central bank has.

"Once you get to the long end, they aren't really in the picture," said Matt Eagan, a portfolio manager at fund manager Loomis, Sayles & Company. "There are fewer natural buyers in that market. Small changes to supply and demand can lead to big swings."

Typically, the nearly $30 trillion Treasury market is too large to be significantly affected by shifts in buying appetites, analysts said, highlighting just how severe the current moves in the market have been.

A measure of volatility in the Treasury market reached its highest level since October 2023.

"There has been quite a bit of selling that we have seen," said Vishal Khanduja, portfolio manager for the total return bond fund at Morgan Stanley Investment Management.

[mkd]

Good articles^^
 

Foreigners owned $33 trillion of U.S. debt and stocks at the end of 2024.

Usually a flight to safety out of stocks mean piling into treasuries...which means lower bond yeilds... Which means lower debt refinance rates for Uncle Sam. Didn't work out this time

It's why I maintain bonds are return free .

Keep an eye on ETF TLT to see what the bond market is doing