Tag: UnitedStates

  • I like the idea of tariffs on most countries

    I like the idea of tariffs on most countries


    United States (US) President Donald Trump hit the newswires with a wide swath of off-hand statements on Monday, ranging from the war in Ukraine, where President Trump expects ‘rare earth metals’ in exchange for obtaining a ceasefire with Russia. Donald Trump also noted that he remains “not happy” with the Panama situation, and reiterated that his work on tariffs is not over yet.

    Key hightlights

    We’ll be doing something perhaps with TikTok if we can make the right deal, TikTok could go into the sovereign wealth fund.

    Nobody is out of tariffs.

    I had good talk with Trudeau.

    We haven’t agreed on tariffs yet with Mexico.

    We’re not treated well by Canada.

    We don’t need Canadian cars, lumber, agriculture.

    I wouldn’t mind making our cars in the United States.

    We will have a big negotiation with Mexico.

    We will speak to China over next 24 hours, probably.

    China won’t be involved with the Panama Canal for long.

    China will be dealt with on the Panama Canal.

    China tariffs were an opening salvo.

    USAID is a good concept, but has radical left lunatics.

    I like the idea of reciprocal tariffs on more countries.

    We are telling Ukraine they have valuable rare earths and we want a guarantee.

    I’m seeking guarantees on rare earths in any deal with Ukraine.

    I want Ukraine to give us rare earths.

    We will have a call with Panama on Friday.

    I’m not happy with the Panama situation but they have agreed to some things.

    I have no guarantees that the Gaza ceasefire will hold.



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  • Earlier reports are wrong, tariffs are coming February 1

    Earlier reports are wrong, tariffs are coming February 1


    United States (US) Press Secretary Karoline Leavitt dashed investor hopes for a delay in tariffs on Friday, announcing from the White House’s press podium that President Donald Trump’s wide tariffs of 25% on Canada and Mexico, as well as 10% on China, would be taking effect on February 1. The announcement shattered earlier reports that the Trump administration would be pushing tariff implementation out to March.

    Key highlights

    Press Sec. Leavitt reiterates February 1st deadline for Canada and Mexico tariff.

    Canada and Mexico tariff at 25% and China at 10%.

    Tariffs will be up for public consumption on Saturday.

    There is no update on exemptions.

    Trump reviewing details of tariff plans, which may allow some exemptions but they will be few and far between.

    White House: We’re not seeing start of trade war with Canada.

    Canada and Mexico tariffs are over flow of fentanyl.

    Trump has not made up mind on tariff timeline for the EU.



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  • US CB Consumer Confidence Index drops to 104.1 in January

    US CB Consumer Confidence Index drops to 104.1 in January


    • US CB Consumer Confidence Index declined in January. 
    • The US Dollar Index consolidates daily gains slightly below 108.00.

    Consumer sentiment in the US deteriorated in January, with the Conference Board’s (CB) Consumer Confidence Index declining to 104.1 from 109.5 in December.

    In this period, the Present Situation Index fell by 9.7 points to 134.3 and the Expectations Index dropped to 83.9. 

    Assessing the survey’s findings, “views of current labor market conditions fell for the first time since September, while assessments of business conditions weakened for the second month in a row,” said Dana M. Peterson, Chief Economist at The Conference Board.

    “Meanwhile, consumers were also less optimistic about future business conditions and, to a lesser extent, income. The return of pessimism about future employment prospects seen in December was confirmed in January,” Peterson added.

    Market reaction

    The US Dollar Index largely ignored this report and was last seen rising 0.42% on the day at 107.87.



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  • US President Donald Trump:

    US President Donald Trump:


    United States (US) President Donald Trump ran through a long list of grievances while delivering his remarks during the World Economic Forum hosted in Davos, Switzerland on Thursday. President Trump reiterated his concerns that the US’ trade deficit with Canada, which amounts to 4% of the US’ total trade imbalance, is unsustainable. President Trump also floated tax cuts for US businesses, asking the Organization of the Petroleum Exporting Countries (OPEC) to lower Crude Oil prices, and re-floated his ongoing threats of ambiguous, sweeping tariffs on US imports from other countries. President Donald Trump also took the opportunity to remind everyone at Davos that he will single-handedly deliver extreme tax cuts while simultaneously shrinking the US spending deficit, and also vowed to attempt to subvert the operational independence of the US Federal Reserve (Fed).

    Key highlights

    US has largest amount of oil and gas of any country and we are going to use it.

    US House and Senate will pass tax-cut measures.

    Congress will pass the largest tax cut in American history.

    I will ask OPEC to lower oil prices.

    I will ask Saudi’s MBS for $1 trillion in investments.

    I will demand lower interest rates.

    I’m asking NATO nations to increase defense spending to 5% of GDP.

    EU tariffs make it very difficult to bring products into Europe.

    I will do something about the trade deficit with the EU.

    We need double the energy we have in the US for AI to be as big as we want it.

    I will bring the corporate tax rate to 15% if the product is made in the US.

    We can’t continue current trade deficit levels with Canada.

    I want to obliterate US debt, which will happen rapidly.

    I will meet Putin soon to end the war in Ukraine.

    I see US-China relationship being very good.



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