Tit for Tat Tariffs - The US versus the World

[essentialsaltes]

[and now Putin, Xi and Kim are off to Beijing for a big military parade, celebrating the 80th anniversary of the defeat of Japan in WWII.]

Russia's Putin hails 'unprecedented' ties with China at talks in Beijing​

Xi will host China's largest-ever military parade on Wednesday to mark the 80th anniversary of the formal surrender of the Japanese at the end of World War Two.

Who's jealous?

 

[wing2000]

...Trump may envy Xi's military parade.

- YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

www.youtube.com

 

[essentialsaltes]

US diplomacy has its work cut out for it. If only this Administration had some.

SCO summit 2025 as it happened: China's Xi met Putin and Modi, as Trump's shadow loomed​

Car rides and hand-holding: Putin, Modi and Xi send Trump a pointed message​

Sorry everybody, we lost!

 

[eclipsenow]

This year's SCO is a huge development. Without Trump being so chaotic and vindictive in his tariffs - India and China might still be at loggerheads.
But now they are uniting more than ever.
Modi even had photoshoots in the car with Putin just to troll Trump!

India buys Russian oil - propping up Russia's war economy.
But India have huge levels of poverty - and protest that they need cheap oil just to keep things running. When the Indian economy suffers - unbelievable numbers of people starve or just commit suicide! (Like all those farmers during a dry spell.)

SCO is no NATO - yet.

But as many reporters I've been listening to lately are all saying, while Trump talks up being tough on China with his tariffs - Ping is laughing all the way to the bank! Trumpism has driven the world into China's embrace. I've heard a bunch of market reports about Australian producers and miners now embracing trade deeper trade with China after Trump's vindictive tariff chaos. Let alone what ASEAN and SCO members actually in Asia might be planning!

 

[adrianmonk]

SCO is no NATO - yet.

SCO was never intended to be a military alliance, neither is BRICS or ASEAN. Sure they have a security framework, but it is not anything like NATO which is a pure military alliance.

India buys Russian oil - propping up Russia's war economy.
But India have huge levels of poverty - and protest that they need cheap oil just to keep things running. When the Indian economy suffers - unbelievable numbers of people starve or just commit suicide! (Like all those farmers during a dry spell.)

This was something the G7 had agreed on. They permitted purchases of Russian oil at a price cap. As for other energy sources, Venezuelan and Iranian oil are under heavy sanctions so this was allowed so that worldwide fuel prices were kept stable.

BTW Europe still imports these refined products (at least till January 2026) based on Russian crude from other nations. Europe still imports a LOT of Russian LNG. EU LNG imports hit a record high last year and they do not plan to stop till 2027 at the earliest.

India was slowly switching to the west from Russia, but now the BRICS group can thank Trump for strengthening their position.

I don't think India and China are going to be buddies. This was a bit of a display specifically for Trump.

 

[adrianmonk]

....Putin found a new boyfried (...oh what could have been....Putin, Modi and Trump all holding hands):






View attachment 369482

(may have some language that offends some)

 

[eclipsenow]

(may have some language that offends some)

Poor Trump - he missed out on walking down the red carpet swinging pinkies with his autocratic pals!

 

[essentialsaltes]

From bananas to toys, these 5 charts show how much costs have risen since Trump’s tariffs went into effect​

Although Trump’s sweeping tariffs were first announced in April, the effects have shown up unevenly since goods move through supply chains at different rates and imports make up a larger share for some products than others.

Even so, they still have a “significant impact on prices,” according to theFederal Reserve Bank of San Francisco.

Take bananas, for example. Prices climbed 4.9% from April through August — equivalent to an annualized pace of about 15% — a notable jump for a category that rarely sees much inflation. Virtually all U.S. supply comes from Central and South America and is now subject to a 10% tariff.

Overall, Americans now face an average tariff rate of 17.4% — the highest since 1935 — an increase estimated to cost households an extra $2,300 in 2025, according to the Yale Budget Lab. (These estimates include tariffs imposed under the International Emergency Economic Powers Act, which remain in place while the court challenge is pending).

Coffee prices jumped 9.8% from April to August, including a 3.6% spike last month

Television prices edged up 2.5% in August and are up 3.1% since April.

While the increase might seem modest, television prices have been on a downward trajectory since the late 1990s. [10-year average up to 2024 was -3.8% annually.]

 

[eclipsenow]

From bananas to toys, these 5 charts show how much costs have risen since Trump’s tariffs went into effect​

Although Trump’s sweeping tariffs were first announced in April, the effects have shown up unevenly since goods move through supply chains at different rates and imports make up a larger share for some products than others.

Even so, they still have a “significant impact on prices,” according to theFederal Reserve Bank of San Francisco.

Take bananas, for example. Prices climbed 4.9% from April through August — equivalent to an annualized pace of about 15% — a notable jump for a category that rarely sees much inflation. Virtually all U.S. supply comes from Central and South America and is now subject to a 10% tariff.

Overall, Americans now face an average tariff rate of 17.4% — the highest since 1935 — an increase estimated to cost households an extra $2,300 in 2025, according to the Yale Budget Lab. (These estimates include tariffs imposed under the International Emergency Economic Powers Act, which remain in place while the court challenge is pending).

Coffee prices jumped 9.8% from April to August, including a 3.6% spike last month

Television prices edged up 2.5% in August and are up 3.1% since April.

While the increase might seem modest, television prices have been on a downward trajectory since the late 1990s. [10-year average up to 2024 was -3.8% annually.]

Fake news - Trump is an economic genius - a very stable genius.

 

[essentialsaltes]

I can't find where we discussed it earlier, but in April the House voted to prevent any Congressional questioning of the Trump tariffs. House resolution 354 declared that days stopped elapsing.

Each day during the period from April 29, 2025, through September 30, 2025, shall not constitute a legislative day for purposes of clause 7 of rule XIII.

Now that September 30 is approaching, the House again narrowly voted to extend the non-passage of time into next year.

A measure that effectively blocks challenges to Trump’s sweeping global tariff declarations through March 2026 was adopted on a 213-211 vote. The vote was gaveled down only after GOP whips had a drawn-out struggle on the floor with a band of Republicans who initially opposed the legislation before flipping to yes.

 

[essentialsaltes]

Will tariffs bring manufacturing and jobs back?

Apparently not.

Trump’s Trade War Squeezes Middle-Class Manufacturing Employment​

Manufacturing employment has been falling since April ... The timing of the manufacturing declines corresponds with the Trump administration’s disastrous tariff policies, which are projected to cost American households $2,400 annually. Since President Donald Trump’s tariff announcement in April 2025, overall manufacturing employment has declined by 42,000, while job openings and hires have fallen by 76,000 and 18,000, respectively. Despite Trump’s claims that his policies will reignite the manufacturing industry in the United States, his policies have achieved the opposite.

--

The U.S. is losing thousands of manufacturing jobs, analysis finds

Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.

www.cbsnews.com

 

[Pommer]

Apparently not.

Trump’s Trade War Squeezes Middle-Class Manufacturing Employment​

Manufacturing employment has been falling since April ... The timing of the manufacturing declines corresponds with the Trump administration’s disastrous tariff policies, which are projected to cost American households $2,400 annually. Since President Donald Trump’s tariff announcement in April 2025, overall manufacturing employment has declined by 42,000, while job openings and hires have fallen by 76,000 and 18,000, respectively. Despite Trump’s claims that his policies will reignite the manufacturing industry in the United States, his policies have achieved the opposite.

--

The U.S. is losing thousands of manufacturing jobs, analysis finds

Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.

www.cbsnews.com

“This is just the pain of the band-aid being ripped off!!1!”

 

[essentialsaltes]

Trump to put import taxes on pharmaceutical drugs, kitchen cabinets, furniture and heavy trucks​

While Trump did not provide a legal justification for the tariffs, he appeared to stretch the bounds of his role as commander-in-chief by stating on Truth Social that the taxes on imported kitchen cabinets and sofas were needed “for National Security and other reasons.”

 

[bèlla]

The Tariffs That Stole Christmas​

The Christmas business is typically pretty cheerful, but not this year: Companies that import and sell Christmas trees, twinkling lights and other holiday decorations say they've been hammered by tariffs.

Why it matters: You'll likely pay more for holiday supplies, and have fewer products to choose from — industry leaders are even warning about possible shortages.

By the numbers: Prices overall for Christmas decor could be 15 to 20% higher, according to interviews with executives in the industry and the American Christmas Tree Association.

• Certain items might be harder to find.
• "There are whole categories of trees that we may not have, or we have really small quantities of," says Mac Harman, founder of Balsam Hill, which primarily sells artificial trees. "Eventually, we'll get to a point where we may not have any trees."