Stocks tumble in worst day since April after Trump threatens to hike tariffs on imports from China, reigniting his trade warhttps://t.co/CxpiYAILHk ...

Market Impact of Trade War - US soybean farmers are suffering due to President Trump's tariffs, especially with China ceasing soybean purchases since May [1] - China has shifted soybean purchases to Brazil and Argentina [2] - An aid package to Argentina backfired as Argentina removed export tariffs on grains and sold soybeans to China, reducing US leverage [3] - A soybean farmer reported a shift from $12 billion to zero in sales [5] - Argentina received $20 billion of taxpayer money, becoming a stronger competitor [6] - China bought a large quantity of soybeans from Argentina after a tax holiday, approximately 30-40 container ships, which equals about 65,000 metric tons per ship or 22 million bushels [6] - Argentinian soybeans are being sold at $230% over the November board, while US farmers are getting 50 cents under [7] Farmer Sentiment and Economic Concerns - Farmers are nervous and scared about the current market conditions [11] - Some older farmers are considering quitting, unwilling to lose 30 years of work [12] - Bankers are concerned about farmers' ability to repay loans due to declining equipment and land values [13] - Farmers do not want to be bailed out by the CCC, they want the markets to work [16] - Tariffs have destroyed markets for family farmers, potentially leading to consolidation and food security issues [17] Government and Policy Issues - Government shutdown is hindering farmers' ability to get loans and insurance for alternative crops like canola [9] - The timing of potential discussions with China about soybeans in November is questioned, as Brazil will already be in full swing with their harvest [18]

President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs.Shipments have soared outside the US this year, but countries dealing with the glut appear reluctant to take on another trade war — for now. @JDMayger with more https://t.co/pVikvX1YYo ...

Tariffs and Trade Policy - The US is imposing a 100% tariff on branded or patented pharmaceutical products entering the country, starting October 1st, with exemptions for companies building drug manufacturing plants in the US [1][2] - A 25% tariff will be imposed on imported heavy trucks, also starting on October 1st [2] - New tariffs on kitchen supplies and furniture include 50% on kitchen cabinets, bathroom vanities, and associated products, and 30% on upholstered furniture, all starting October 1st [3] - Section 232 investigations are initiated on imports of robotics, industrial machinery, and medical devices, potentially leading to tariffs on these products [3] Economic Impact and Reactions - The trade war has caused a drop in Chinese purchases of American soybeans, leading to a mechanism to transfer tariff dollars to American farmers to offset the impact [4] - Concerns are raised about "crony capitalism" and the potential for businesses to seek exemptions from tariffs, favoring big and connected businesses [9][10] - The White House views the president as the "dealmaker chief" and sees the tariff policy as a deliberate strategy to improve the US economy, even if it means picking winners and losers [13][14] Legal and Political Considerations - Invoking national security for tariffs, such as on bathroom vanities, is seen as an attempt to find a firmer legal footing for the tariffs, potentially to defend them in court [15][16] - There is speculation that even if Democrats come into power, these tariffs may not be rolled back entirely due to the desire to protect American workers and maintain government revenue [20][21] - Exemptions from tariffs could become a tool for any president to favor certain players, including liberal billionaires or trade unions [22]

President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs.Shipments have soared outside the US this year, but countries dealing with the glut appear reluctant to take on another trade war — for now. @JDMayger with more https://t.co/QRr7yspBFc ...

President Xi Jinping’s export engine has proved unstoppable during five months of sky-high US tariffs.Shipments have soared outside the US this year, but countries dealing with the glut appear reluctant to take on another trade war — for now. @JDMayger with more https://t.co/MiJzhTdz6h ...

Core Insights - The recent surge in the Argentine peso is attributed to the perception of a US government backstop for Argentine assets, which has implications for emerging market investments [1][2] - Historical context indicates that significant support from the IMF could lead to substantial currency appreciation, as seen in past experiences with Argentina [2] - The current political landscape in Argentina, including fiscal austerity measures and trade relations with Brazil, is influencing market sentiment and investment strategies [3][4] Economic Dynamics - Argentina's recent currency interventions cost approximately one billion dollars, raising questions about the sustainability of such measures [2] - The trade relationship between the US and Argentina is relatively minor, with exports around 910 billion and imports between 700 to 800 million, suggesting limited systemic importance [6] - The potential for setting a precedent in international bailouts raises concerns about future interventions in other nations facing economic difficulties [6] Investment Opportunities - The performance of gold and specific Argentine stocks, such as Mercado Libre, has been positively influenced by recent headlines, indicating potential investment opportunities [5] - The stock ARGT is suggested as a vehicle for investors looking to capitalize on the current market dynamics in Argentina [5]

Trade War Implications - Absence of retaliation is generally positive [1] - A more intense trade war would highlight the detrimental effects of protectionism [1]

As much as the suspension of Jimmy Kimmel brings up questions of free speech and the administration's response to critics, it is also a story, we mentioned it before, about money, power, and politics. My favorite topic, the night cap is still here. Dan Axios is calling what's happening right now as a MAGA makeover in media.The super wealthy uh more conservatives are buying up some of the biggest media and social media properties out there. I read this week a line that said while Democrats are trying to go v ...

Trade War Impact - Donald Trump's tariffs' costs might not be obvious enough [1] - It might have been better for his successor if today's trade war were more warlike [1]