Tariffs

[KCFlyer]

Off topic

Again, there is no need to mention anything being off topic as you are doing a fantastic job of spamming the board and bringing every topic to a screeching halt. Every damned thread is 'best of X' thread....and this one is even longer than THAT one. Could you at LEAST post your "X" posts in the "best of X" thread so you can have a nice long uninterrupted conversation with yourself.

 

[WeAAsles]

 

[WeAAsles]

In an interview with CNBC, Chief Financial Officer John David Rainey said tariffs are “still too high” – even with the recently announced agreement to lower duties on imports from China to 30% for 90 days.

“We’re wired for everyday low prices, but the magnitude of these increases is more than any retailer can absorb,” he said. “It’s more than any supplier can absorb. And so I’m concerned that consumer is going to start seeing higher prices. You’ll begin to see that, likely towards the tail end of this month, and then certainly much more in June.”

https://www.cnbc.com/2025/05/15/walmart-wmt-q1-2026-earnings.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

 

[WeAAsles]

Earlier this month, President Trump closed a longstanding loophole that had allowed a flood of inexpensive Chinese goods to be mailed to the United States without any tariffs.

Starting on May 2, those packages faced a tariff of 120 percent or a $100 flat fee.

After the United States and China agreed this week to a temporary truce in trade tensions, that tariff is now 54 percent. The changes, which took effect on Wednesday, were described in a White House executive order and guidance from Customs and Border Protection.

For the past decade, a tax loophole known as the de minimis exemption allowed goods worth up to $800 to enter the United States without import duties. The result was millions of packages shipped from China to the United States, as American shoppers got hooked on buying everything from flash drives to water bottles at low prices.

Chinese companies like Shein and Temu built their businesses around the loophole, sending goods made in Chinese factories directly to American shoppers. At the same time, China pushed its manufacturers to find buyers overseas.

https://www.nytimes.com/2025/05/14/business/trump-tariffs-china-temu-shein.html

 

[WeAAsles]

China has temporarily paused export restrictions targeting 28 American companies on the heels of the trade truce Beijing reached with the Trump administration over the weekend in Switzerland.

But China is continuing to block exports from that country of seven rare earth metals to the United States, whose defense, energy and automotive industries rely on those metals.


According to the Geneva trade statement, China has agreed to “adopt all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.”

One of those countermeasures is the rare earths export curbs.


https://www.cnbc.com/2025/05/15/china-trump-trade-deal-export-controls.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

 

[WeAAsles]

 

[WeAAsles]

More money 💰 into America 🇺🇸

 

[WeAAsles]

Triggered BIGLY. 😂

 

[WeAAsles]

 

[WeAAsles]

I’m sure he is. It’s because we have Libtards all over America 🇺🇸

 

[WeAAsles]

This is why White Men are leaving the Democratic Party.

 

[WeAAsles]

Bravo 👏

 

[WeAAsles]

More money 💵 for America 🇺🇸

 

[WeAAsles]

$3.2 TRILLION DOLLARS being invested in the United States of America 🇺🇸

Put that in your pipe and smoke it.