Politics Tariffs/Trade Wars

[BeNder]

I searched and did not find a specific topic on this. A place to post news and discuss tariffs.
_________
It's heating up and not just with the USA.

China hits back at Canada with fresh agriculture tariffs

BEIJING (Reuters) -China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in a trade war largely driven by U.S. President Donald Trump's tariff threats. The...

ca.finance.yahoo.com

 

[primer]

Canadian's do think they are an exempt special group and ignores WTO after loosing judgements ;

Dairy industries in New Zealand, Australia and the United States seek action in new trade dispute with Canada to force it to live up to trade treaty obligations

The Canadian Government is being accused of “delinquent” behaviour in a second trade row with dairy exporting nations.

The charge alleges “brazen” violation of Canada’s obligations under the World Trade Organisation (WTO).

The accusation comes from dairy industry bodies in three countries: New Zealand, Australia and the United States.
They have written to their respective Governments seeking support in a battle against Canadian state subsidies for dairy exports to third markets.

The row follows an earlier one over Canada’s blockage of dairy goods from New Zealand and other exporting nations in violation of the Comprehensive and Progressive Trans Pacific Partnership (CPTPP). That battle is currently stalemated, despite a series of judgements against Canada and in favour of New Zealand.

This dispute is different, because it involves Canadian exports, not imports, but it has an overlap, in that it stems from Canada’s comprehensive state regulation of its dairy industry.
That regulation, which imposes production volumes and price guarantees, effectively squeezed out New Zealand sales. But it also leaves a surplus of dairy goods available for cut-price exports to third countries.

“Canada is brazenly maintaining a policy approach that is at odds with its international trade obligations,” the letter says.

 

[thelistener]

Morgan Stanley cuts US growth forecast for 2025 on tariff concerns

http://reuters.com/markets/us/morgan-stanley-cuts-us-growth-forecast-2025-tariff-concerns-2025-03-07/

 

[Hiryu2.0]

https://finance.yahoo.com/news/trump-downplays-business-concerns-uncertainty-155403386.html

 

[thelistener]

https://www.reuters.com/world/asia-pacific/south-korea-china-japan-agree-promote-regional-trade-trump-tariffs-loom-2025-03-30/

and from this meeting china reports

China, Japan, South Korea will jointly respond to US tariffs, Chinese state media says

China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Monday. The comments came after the three countries held their first economic dialogue in five years on Sunday, seeking to facilitate regional...

www.yahoo.com

 

[Euroamerican]

GOOD IDEA to have a separate thread, JJ.

FWIW, I am anti-tariffs in general. A messy and unpredictable weapon.

 

[Chazman]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

 

[Mark Sman]

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.

Accept third party cookies

Indeed a trade war was started.

Decades ago, and not by the US.

 

[Mark Sman]

https://www.reuters.com/world/asia-pacific/south-korea-china-japan-agree-promote-regional-trade-trump-tariffs-loom-2025-03-30/

and from this meeting china reports

China, Japan, South Korea will jointly respond to US tariffs, Chinese state media says

China, Japan and South Korea agreed to jointly respond to U.S. tariffs, a social media account affiliated with Chinese state broadcaster CCTV said on Monday. The comments came after the three countries held their first economic dialogue in five years on Sunday, seeking to facilitate regional...

www.yahoo.com

Review the MFN status for all three of them. Hold the review with all three of them in the room.

Also get USAF Air Mobility Wing on the phone. We may have two large force redeployments back to CONUS to plan.

You want China? Deal. Let us know how that works out, if you are allowed to.

 

[Junglejim]

Still you gotta admit, you know you F***ed up your diplomacy when you can get those 3 countries to work together and form a coalition.

Let's put it this way, first time I read it I was thinking it was an April fools joke article.

 

[Mark Sman]

Still you gotta admit, you know you F***ed up your diplomacy when you can get those 3 countries to work together and form a coalition.

Let's put it this way, first time I read it I was thinking it was an April fools joke article.

Or did they just change from stabbing us in the back to stabbing us in the front.

Maybe we just shook things up and found out which way the land really lays before it was too late.

If this is what they want, they can have it. Normalize all our tariffs to match their highest tariff on us. Oh, and they can start taking care of their own sea lanes too.

Oh and if they want to work as a group fine. The highest tariff of any type that any one of the three imposes on us is now the tariff for everything from any one of them. Fair is fare. FAFO.

 

[Junglejim]

Or did they just change from stabbing us in the back to stabbing us in the front.

Maybe we just shook things up and found out which way the land really lays before it was too late.

If this is what they want, they can have it. Normalize all our tariffs to match their highest tariff on us. Oh, and they can start taking care of their own sea lanes too.

That's the thing, those 3 countries would normally stab each other, the fact that they are now looking at a coalition means the US kinda F***ed things up recently. Visit those 3 countries museums and its a testament to their hate for each other that has ran for centuries. The South Korean Military Museum has like 4 floors dedicated to "beef with Japan."

Sooner or later, you guys need to admit that you made a mistake. Now if you view anyone that goes against your policies as "backstabbing" you, then you will make a lot of enemies.

As for protecting their sea lanes, they have been doing that without Americas help. If you want to see how brutal they are to each other, watch the vids of the SoKor/Japan/ Chinese Navy/coastguard take care of each other. Far more hands on than just flag waving.

 

[Mark Sman]

This is not a mistake. This is fixing a mistake.

The actual mistake was letting tariffs be imposed on us without reciprocating.

And I am well aware of how well these three get on with each other, and how they handle their sea lanes.

I don't view them as enemies, just as competitors that have been getting a free ride. And now they themselves wish to work as a block. So be it.

I wish them the best of luck in all of their future endeavors.

 

[Junglejim]

It would be interesting how far this blocks cooperation would go and how it would impact the other block next to it, the ASEAN. Well Trump said tariffs to all the countries so we shall see how this goes.

 

[Junglejim]

This is not a mistake. This is fixing a mistake.

The actual mistake was letting tariffs be imposed on us without reciprocating.

And I am well aware of how well these three get on with each other, and how they handle their sea lanes.

I don't view them as enemies, just as competitors that have been getting a free ride. And now they themselves wish to work as a block. So be it.

I wish them the best of luck in all of their future endeavors.

fixing what mistake? The small tariffs by these other countries like Canada and Mexico?

Those are small issues, considering the US already won, you can go bomb another country like Iraq and nobody would really raise an issue for you. The Pax American is basically dictated by the US from military to trade. Nobody is coming out to oppose you.

This is why your current President for me is at worse an asset by your enemies or at the least that voice in your head that the US should be ignoring. What you now have is countries realizing that they have trusted and relied too much on the US. From the US having control on tech and industry world wide, to now being boycotted.

Now if America goes the isolationist route, then that is Americas call, but be prepared for blowbacks.

 

[Chazman]

So far, tariffs or threat of tariffs, have brought over 4 trillion dollars of manufacturing investment into the US. Not bad for 2 months.

 

[Picanha]

You can shore on manufacturing if you can replace what you tariffed and even then you need to produce below tariff costs to make a revenue.

So far manufacturing is going down.

United States Manufacturing PMI

Manufacturing PMI in the United States decreased to 49.80 points in March from 52.70 points in February of 2025. This page provides the latest reported value for - United States Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction...

tradingeconomics.com

Which manufacturing was onshored again?

The US steel mills fired 1200 workers which is quite astonishing regarding the tariffs on steel.

The Biden approach was better with demanding a certain percentage of US components for US markets.

If the tariffs are not delicately balanced you can disrupt a lot for yourself too.

Especially if you can not replace the stuff adequately.

 

[Hiryu2.0]

Albanese tells Trump that Australia is ‘not negotiating’ on biosecurity, medicines and news

Office of US trade representative releases report on ‘foreign trade barriers’ including Australia’s biosecurity regime for imported beef, pork and poultry

www.theguardian.com

 

[Hiryu2.0]

Large majority of Europeans support retaliatory tariffs against US, poll finds

Survey shows between 56% and 79% across seven countries in favour if Trump introduces ‘Liberation Day’ levies

www.theguardian.com

 

[Hiryu2.0]

https://www.cnbc.com/2025/03/30/tariffs-to-spike-inflation-stunt-growth-and-raise-recession-risks-goldman-says-.html