Lone Candle
Champion of Truth
https://www.msn.com/en-us/money/markets/another-american-ally-just-issued-an-economic-warning-because-of-the-trade-war/ar-AA1DYW80?ocid=msedgntp&pc=NMTS&cvid=02be7e06916845d1b25fd667f10f3f71&ei=11
China’s electric car industry was built on a battery developed in the U.S., but the U.S. didn’t consistently support electric vehicles, and China did, so the Chinese built a massive industry off of it instead of the Americans.
https://www.youtube.com/watch?v=PXvcwM977D0
Tariffs’ effects on costs and shipping have a multi-month delay due the time it takes to ship and businesses stocking up on goods before the tariffs.
The tariffs are very costly, and the unpredictability causes chaos and inefficiencies.
https://www.youtube.com/watch?v=33kfpNiiAmo
“”Trivium Packaging, a manufacturer of steel and aluminum containers…has shelved any expansion plans in the US for now, and the only hiring happening at its five US plants is to fill in staff losses due to attrition” because of the increased cost of the imported metal on which it relies, according to an April 17 Bloomberg report. Trivium was just one of the companies profiled in the article that “are putting hiring and expansion plans on hold while they come up with short-term plans to cope with the tariffs.”
Consumers are also changing their behavior in response to the trade war. Americans initially flocked to buy cars to beat anticipated price hikes. Purchases slowed as the expected price increases materialized, spurring the Trump administration this week to carve out some tariff relief for automakers.
But the same factors driving concerns about prices and availability regarding cars affect every other industry. According to the Federal Reserve’s latest Beige Book report on economic conditions, “uncertainty around international trade policy was pervasive” and “non-auto consumer spending was lower overall.”
Additionally, “several Districts reported that firms were taking a wait-and-see approach to employment, pausing or slowing hiring until there is more clarity on economic conditions” and “there were scattered reports of firms preparing for layoffs.”
Importantly, added the Beige Book analysis, “firms reported adding tariff surcharges or shortening pricing horizons to account for uncertain trade policy. Most businesses expected to pass through additional costs to customers.”
Basically, businesses and consumers alike are slowing spending and taking a wait-and-see attitude as they anticipate higher prices and economic disruption from the Trump administration’s protectionist policies. Americans expect the tariffs to be painful and they’re not happy about it.”
https://reason.com/2025/04/30/americans-doubt-trumps-trade-war-will-benefit-them/
“”Well, they did sign up for it, actually. And this is what I campaigned on,” Trump said of the tariffs during an interview with ABC News that aired Tuesday.”
https://www.msn.com/en-us/money/markets/trump-says-voters-unhappy-about-the-economy-and-his-china-trade-war-should-deal-with-it-because-they-did-sign-up-for-it-actually/ar-AA1DT0jh?ocid=msedgntp&pc=NMTS&cvid=b8851a238f384a6bb573752bf60cc090&ei=17
Comedian makes fun of Trump’s obvious incompetence and false promises.
https://www.youtube.com/watch?v=wYS70hxsPME
Tariffs are hurting the Chinese economy.
https://www.youtube.com/watch?v=WP3hpt8YAS0
From Fake Eyelashes to Care Bears, U.S.-Bound Goods Are Stuck in Tariff Limbo
https://finance.yahoo.com/news/fake-eyelashes-care-bears-u-030000313.html
https://www.yahoo.com/news/trump-had-test-case-trade-105010697.html
“He’s insisting on one-on-one talks with China’s leader, Xi Jinping — and this has stifled other diplomatic efforts to halt the worsening trade war between the two global powers.
The president won’t authorize White House delegates to engage with Chinese officials in Beijing about a detente, according to two former senior State Department officials and an industry official, who were granted anonymity to discuss sensitive ongoing discussions. The Senate has yet to confirm an ambassador to China; Trump has not appointed anyone else to lead talks with Beijing; and the White House isn’t reaching out to the Chinese embassy to begin discussions.
The absence of any substantial outreach has frozen meaningful communications between the two countries and threatened the likelihood of a near-term solution.”
https://www.politico.com/news/2025/04/19/trump-xi-china-trade-negotiations-00299645