The the Trump administration admits farmers are not doing well under President Trump's tariffs, most especially soybean farmers. The quote collateral damage, as Politico puts it, in the president's trade war with China. Since May, China has not purchased a single US soybean, not a one.According to the American Soybean Association, turning instead to Brazil and Argentina, that last country there, one that the Trump administration decided to send a $25 million aid package, a bailout that could be backfiring. ...

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 ...

go uh and in this case whether they have to use it or not will be a question for tomorrow Melissa. >> Yeah. Um Aean thank you Aean Javvers.It wasn't just the Murval by the way the peso surged also on this notion that there is a US government backs stop now for Argentinian assets emerging market specialists. >> Well and if it was 25 years ago when I started really getting my teeth uh cut in emerging markets it you know this kind of a headline would have meant 40% in Argentina. An IMF trot meant everything.It ...

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]

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