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Posted
5 hours ago, Kel Varnsen said:

Please stop neg-banning GRU. He'll just come back with another account. Let him keep this account so that we can put it on ignore.

 

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Posted
7 hours ago, Pig Bellmont said:

In case everyone was getting carried away ranting about how Trump put out a fire he started 

Let’s not forget about this bullshit

Temu going down would be a win for the environment.  

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Posted
46 minutes ago, ChickenSandwich said:

Temu going down would be a win for the environment.  

If you're gullible enough to buy Temu/Shein crap, you deserve it. 

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Posted

A good, short read on the new Mexican president's approach to the negotiations.

Quote

 

How Mexico’s President Avoided U.S. Tariffs, for Now
President Claudia Sheinbaum’s abilities to deal with a major crisis were on full display as President Trump’s tariffs on Mexican goods were paused for a month.

When President Claudia Sheinbaum of Mexico announced on Monday morning that she had struck a deal with President Trump to pause steep tariffs on her country for a month, Gerardo Fernández Noroña wasn’t surprised.

Mr. Fernández Noroña, the president of the Mexican Senate and a member of Ms. Sheinbaum’s governing party, said he knew she had the situation under control as soon as heard that the two heads of state would talk by phone that morning.

“It was a great negotiation,” he said in a telephone interview hours after the announcement. “It seemed, in general, that there was no room for the level of understanding, but she handled it very well.”

As Mexico stared down a trade war with its biggest trading partner and neighbor, Ms. Sheinbaum secured an important reprieve — and a collective sigh of relief — for her country less than a day before the tariffs were set to take effect. It also put her abilities to deal with a major crisis on full display.

The details of the behind-the-scenes negotiations between Mr. Trump and Ms. Sheinbaum have not been publicly released. But this much is clear: In exchange for the Trump administration postponing 25 percent tariffs on Mexican goods until at least early March, Mexico will post an additional 10,000 Mexican National Guard members on the border with the promise to “prevent drug trafficking,” in particular fentanyl.

While the increase in the number of troops is new, Mexico using the National Guard to patrol the border isn’t. And ultimately, it seems Mexico conceded very little in order to stave off potential economic doom.

The U.S. government even agreed to do something Ms. Sheinbaum has repeatedly called for, even if the agreement was light on details: working together to stop the flow of arms into Mexico.

“I’m surprised,” said Carlos Bravo Regidor, a political analyst based in Mexico City, “because I didn’t expect it to be so easy or so cheap for Mexico.”

Since before she was voted into office in June, Ms. Sheinbaum and her team were preparing for the possibility that Mr. Trump returned to the White House. And since his victory in November, Ms. Sheinbaum has reiterated that she wasn’t concerned despite his threats of mass deportations and tariffs. The day after the U.S. elections, she promised to “establish communication and good relations.”

Her predecessor and mentor, Andrés Manuel López Obrador, forged a close working relationship with Mr. Trump in the early years of his administration, despite similar circumstances: Mr. Trump’s repeated threats to impose tariffs on Mexico and make the country pay for a border wall. In an effort to stave off levies, Mr. Lopez Obrador agreed to bolster immigration enforcement, including deploying the National Guard.

Conditions, though, have changed since then. Mexico has eclipsed China as the largest trading partner in goods with the United States. And Mexico emerged as the top market worldwide for U.S. food and agriculture exports, with those imports surging to more than $29 billion.

But there is a key difference between Mr. López Obrador and Ms. Sheinbaum: While he at times adopted a confrontational tone toward the United States, she maintains a more measured and composed demeanor.

“Everyone has their style,” Mr. Fernández Noroña said. “She has her own sensibility and her own form.”

On Monday, Ms. Sheinbaum said that she had a “very respectful” conversation with Mr. Trump that lasted at least 30 minutes. Mr. Trump described the call as “very friendly” — a sharp contrast with some of his statements about Prime Minister Justin Trudeau of Canada, whose country was also a tariff target

After her call with Mr. Trump, Ms. Sheinbaum said, “There is a relationship of respect and of equals, which is what is important.”

During the last few weeks, Ms. Sheinbaum and her team were been tight lipped about how they might respond to the implementation of tariffs by the United States. After Mr. Trump ordered them put in place, Ms. Sheinbaum promised to reveal on Monday the initial steps of her administration’s so-called Plan B response — but she first asked that Mr. Trump respond to her request to form a working group of security and health officials from both countries.

Viridiana Ríos, a Mexican-based political analyst, said Ms. Sheinbaum’s strategy was partly grounded in presenting the White House with data that allowed Mr. Trump to claim a victory to his supporters on critical issues like immigration. Mexican officials demonstrated to their American counterparts that they had successfully curbed northward migration, addressing another of Mr. Trump’s frequent concerns. In response, he declared that border security had been significantly strengthened.

Ms. Rios said that the most important lesson Mexico could learn from this episode was the urgent need to create regional alliances and diversify its economy to make it less reliant on its, at times, erratic neighbor. In 2020, Mr. Trump signed a trade treaty called the U.S.-Mexico-Canada Agreement, yet now he was going after economic allies.

“The United States is no longer the reliable trading partner it once was,” she said, adding later, “His threats will only continue, and my fear is there might be a moment where we don’t find a way to satisfy him.”

 

 

Posted
On 1/31/2025 at 4:37 PM, Nice Guy Eddie said:

Tariffs will create job losses here. Higher prices will lower demand which so US employers won’t need as many workers. The 10 year treasury rate should spike and it really hasn’t dropped much anyway. It’s possible that if the economy collapses enough, the rates won’t raise too much.

the market reacted poorly to the news today but I assume they is still hope from the market that it won’t happen. Monday could be a bloodbath on wall st.

not to get political but the rumor is that the 3 countries are in the dark what they have to do in order to avoid tariffs tomorrow.

0/5

Posted
On 2/4/2025 at 9:43 AM, bolverk said:

A good, short read on the new Mexican president's approach to the negotiations.

 

The last thing Trump expected when he started fucking with Mexico was that he would end up having to negotiate with a Jewish president.  

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Posted
15 minutes ago, Foosters said:

yeah, weird attempt at a dunk there.

More of an annoyance that incorrect 10 year info was brought into it. He could have visited the other thread where it's covered extensively 

Posted (edited)
1 hour ago, UTPhil2006 said:

0/5

You’re weird. Do you bookmark every thing or everyone that you hold a grudge about. I’m glad that I have more going on with my life to not fixate on every comment that I disagree with. 
 

 

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Edited by Nice Guy Eddie
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Posted

Tariffs on Canada and Mexico along with an increase in tariffs on China go into effect today. The stock market is reacting negatively this morning. How long before additional inflationary pressure makes it way through the supply chain?

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Posted
4 minutes ago, royiv said:

Tariffs on Canada and Mexico along with an increase in tariffs on China go into effect today. The stock market is reacting negatively this morning. How long before additional inflationary pressure makes it way through the supply chain?

Days.  For real.  Just days.  "Just-in-time" inventories and all that.

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Posted
On 2/4/2025 at 12:11 AM, Pig Bellmont said:

In case everyone was getting carried away ranting about how Trump put out a fire he started 

Let’s not forget about this bullshit

 

good thing i ordered my arch manning temu jersey last month 

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Posted
5 minutes ago, royiv said:

Tariffs on Canada and Mexico along with an increase in tariffs on China go into effect today. The stock market is reacting negatively this morning. How long before additional inflationary pressure makes it way through the supply chain?

 

some smarter people were thinking ahead ....

The EU-Mexico Global Agreement is a trade agreement that was finalized in January 2025. The agreement modernizes the original agreement signed in 2000. The agreement will improve trade and investment between the EU and Mexico

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Posted
22 minutes ago, royiv said:

Tariffs on Canada and Mexico along with an increase in tariffs on China go into effect today. The stock market is reacting negatively this morning. How long before additional inflationary pressure makes it way through the supply chain?

christian bale joker GIF

17 minutes ago, tx 3 putt said:

good thing i ordered my arch manning temu jersey last month 

Seriously, my kid had been saving up for an expensive Lego set, I loaned him the last little bit to get it ordered now, because that shit's made in Mexico, and I know how the store (and Amazon) inventories work. They aren't keeping warehouses full of this stuff sitting around.

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Posted
4 minutes ago, atomheartbevo said:

christian bale joker GIF

Seriously, my kid had been saving up for an expensive Lego set, I loaned him the last little bit to get it ordered now, because that shit's made in Mexico, and I know how the store (and Amazon) inventories work. They aren't keeping warehouses full of this stuff sitting around.

 

costco has damn cool F1 lego sets 

Posted (edited)
4 minutes ago, tx 3 putt said:

costco has damn cool F1 lego sets 

Yep, fully on display in the Lego store in Austin, saw it last weekend, pretty sweet. America is about to get our own Lego factory, but it won't be online for another year or two, so it's Mexico, China, and Europe imports for now.

I know a Lego store manager in the Houston area who mentioned that they were trying to build up a stock in case this stuff goes through, and I would assume a lot of retailers are trying to do that, but they only have so much room to store stuff, and they also don't want to spend a lot on stuff that may not sell for a few months.

Edited by atomheartbevo
Posted
1 minute ago, atomheartbevo said:

America is about to get our own Lego factory, but it won't be online for another year or two, so it's Mexico, China, and Europe imports for now.

Who’s going to build that Lego factory and then work on the production line for minimum wage when it opens?

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Posted
3 minutes ago, royiv said:

Who’s going to build that Lego factory and then work on the production line for minimum wage when it opens?

image.thumb.png.3eb19395cd0f10ac1e2439dfe6d3bceb.png

Damnit! Beaten to the punch. Although I think my execution was better

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Posted
3 hours ago, tx 3 putt said:

 

good thing i ordered my arch manning temu jersey last month 

Well it’s 20% on imports from China as of today. Markets are collapsing, GDP contracting instead of growing, inflation rising, and every day consumer prices just shot through the roof. Can’t wait for all the manufacturing jobs to start up, right guys? That’s definitely what companies will spend their capital on in this economic environment, right? 

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Posted
1 minute ago, Pig Bellmont said:

Well it’s 20% on imports from China as of today. Markets are collapsing, GDP contracting instead of growing, inflation rising, and every day consumer prices just shot through the roof. Can’t wait for all the manufacturing jobs to start up, right guys? That’s definitely what companies will spend their capital on in this economic environment, right? 

 

20% of $15 isn't a huge hit 😁

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Posted

China has announced retaliatory tariffs. 15% tariff on chicken, wheat, corn and cotton and a 10% tariff on sorghum, soybeans, pork, beef, fruits, vegetables and dairy and fish products.

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Posted
2 minutes ago, InkaUtexas said:

AJ article on states. Map is pretty cool. Shows what % each state exports and imports.

https://www.aljazeera.com/news/2025/3/5/which-us-states-could-be-hit-hardest-by-trumps-canada-and-mexico-tariffs

Oh goodie.  Our main Canadian import is oil & gas.  So our ludicrously high gas prices will go even higher.  And our biggest Mexican import are already stubbornly high vehicle prices.  Looking to get the wife a new ride for her birthday next month.

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Posted
1 minute ago, Sbbruin said:

Oh goodie.  Our main Canadian import is oil & gas.  So our ludicrously high gas prices will go even higher.  And our biggest Mexican import are already stubbornly high vehicle prices.  Looking to get the wife a new ride for her birthday next month.

yep, same here.  We went and drove a few models. The one she wants. Yep, made in Hermosillo. That's near Detroit right? Or is that the plant in Georgia?

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Posted
On 3/4/2025 at 9:20 AM, royiv said:

Tariffs on Canada and Mexico along with an increase in tariffs on China go into effect today. The stock market is reacting negatively this morning. How long before additional inflationary pressure makes it way through the supply chain?

 

 

IMG_3214.jpeg

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Posted
17 minutes ago, 'stache said:

An immediate exception for the auto industry. I’m sure pharma is next. This whole thing is absurd.

What I don’t understand is why the daily changes in tariff policy if tariffs are supposed to bring in trillions of dollars in new revenue? 

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Posted
On 2/4/2025 at 12:11 AM, Pig Bellmont said:

In case everyone was getting carried away ranting about how Trump put out a fire he started 

Let’s not forget about this bullshit

Apologies if addressed already, but ending the "de minimis" exemptions may actually be a good thing or not? I heard it to be a loophole quite often exploited.

Posted
1 hour ago, pacman said:

Apologies if addressed already, but ending the "de minimis" exemptions may actually be a good thing or not? I heard it to be a loophole quite often exploited.

Bold words from a dude who is now gonna have to pay $7.70 instead of $7.00 for his bedazzled buttplug from Temu.

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Posted
2 hours ago, royiv said:

What I don’t understand is why the daily changes in tariff policy if tariffs are supposed to bring in trillions of dollars in new revenue? 

What you have to, and clearly don’t, understand is that if you are the leader of the “free” world it’s important that you have no idea how tariffs work in order to effectively implement them in a way that will raise prices, kill jobs, and save this country.  Lib!

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Posted
2 hours ago, pacman said:

Apologies if addressed already, but ending the "de minimis" exemptions may actually be a good thing or not? I heard it to be a loophole quite often exploited.

Call it a dumbass tax on anyone ordering crap from Shein/Temu 

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Posted
6 hours ago, 'stache said:

An immediate exception for the auto industry. I’m sure pharma is next. This whole thing is absurd.

There's nothing the stock market loves more than uncertainty!

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