US president’s threat of trade tariff follows poor harvests
The Telegraph’s Post
More Relevant Posts
-
I thought this was interesting, not necessarily from the "politics" of the immediate situation. More, as tariffs are the embodiment of global politics it shows even friends have to watch their own back yard no matter how much leverage you have. It also happens to show how important experts in trade policy and trade operations are for business. Normally seen as an expense, trade experts become necessary components of any intelligent business plan, and even moreso when big changes happen. Don't neglect the compliance or the necessary operational expertise to execute on your company policy decisions. https://lnkd.in/gn3__7Gf
-
Futures are up today as news of possible changes to Trump-era tariffs boosts market optimism. Navigating evolving trade policies is crucial for businesses. With AI-powered tools, companies can stay ahead of shifting tariffs and ensure customs compliance across borders. Solutions that enable businesses to adapt quickly, avoid risks, and streamline operations in an unpredictable global market, will be crucial. Stay informed, stay compliant, and save money. https://lnkd.in/e9hNw4T7
-
Container prices expected to remain high into 2025 Average container prices closed 2024 at higher levels year-over-year compared to 2023 and are expected to remain elevated into 2025. This container forecast report includes insights from market participants on key topics such as the implications of Chinese New Year on container trade, the impact of Trump-era tariffs, and the demand outlook. ➡️https://ow.ly/negt50UHyQF #shipping
-
-
Trade Tensions Threaten Avocado and Auto Imports from Canada https://lnkd.in/dGXuGgf4 Rewritten Content: Global Markets Affected by Escalating Trade Tensions Trade tensions are reverberating across grocery stores in Waukegan, Ill., where the price of avocados may surge due to President Trump’s proposed 25% tax on imports from Canada and Mexico. This move could have ripple effects on various sectors, ranging from gasoline to party essentials like […]
-
Chair, Department of Economics and Director of the Dragas Center for Economic Analysis and Policy at Old Dominion University
The proposed 25% #tariff on all goods from #Mexico and #Canada and an additional 10% tariff on all goods from #China will not only rattle #markets today, it will likely reverse the recent declines in #inflation as producers race to stockpile goods and consumers start to realize that tariffs are a #tax on American consumers and producers. Let's not forget that #domestic producers will also increase prices because of the tariff. Let's say you make a shirt in the U.S. and your international importer now must pay a 25%-35% tariff to bring a shirt into the U.S. which raises the price of the imported shirt. You will take advantage of this to raise your prices as well. In the end, you end up with less total supply and higher prices and that doesn't even account for the #deadweight loss of the tariffs. #Gas prices will increase, period. Why? In 2023, Canada supplied roughly 60% of #crude #imports into the U.S. because Canada supplies one type of crude that U.S. refineries use and the U.S. #exports another type of crude. Grocery prices will increase, period. Where do people think grapes and strawberries and other things come in the winter months? Let's not even talk about imports from China because China assembles a lot of consumer electronics. I'm not moving out of #equities yet..but my finger is certainly now on button. If you need a computer or car, better buy it now, not later.
-
Department Chair Bob McNab weighing in on the proposed trade restrictions by the incoming administration. There is a long standing consensus among economists that free trade is preferred. #freetrade #Mexico
Chair, Department of Economics and Director of the Dragas Center for Economic Analysis and Policy at Old Dominion University
The proposed 25% #tariff on all goods from #Mexico and #Canada and an additional 10% tariff on all goods from #China will not only rattle #markets today, it will likely reverse the recent declines in #inflation as producers race to stockpile goods and consumers start to realize that tariffs are a #tax on American consumers and producers. Let's not forget that #domestic producers will also increase prices because of the tariff. Let's say you make a shirt in the U.S. and your international importer now must pay a 25%-35% tariff to bring a shirt into the U.S. which raises the price of the imported shirt. You will take advantage of this to raise your prices as well. In the end, you end up with less total supply and higher prices and that doesn't even account for the #deadweight loss of the tariffs. #Gas prices will increase, period. Why? In 2023, Canada supplied roughly 60% of #crude #imports into the U.S. because Canada supplies one type of crude that U.S. refineries use and the U.S. #exports another type of crude. Grocery prices will increase, period. Where do people think grapes and strawberries and other things come in the winter months? Let's not even talk about imports from China because China assembles a lot of consumer electronics. I'm not moving out of #equities yet..but my finger is certainly now on button. If you need a computer or car, better buy it now, not later.
-
Container prices expected to remain high into 2025 Average container prices closed 2024 at higher levels year-over-year compared to 2023 and are expected to remain elevated into 2025. This container forecast report includes insights from market participants on key topics such as the implications of Chinese New Year on container trade, the impact of Trump-era tariffs, and the demand outlook. ➡️https://ow.ly/t9M650UHyQC #shipping
-
-
As a new administration takes office in the United States, the retail industry is watching what will happen with trade. Watch this video with Cotton Incorporated’s senior economist Jon Devine to hear what trade conflicts or tariffs could mean for the cotton market: https://bit.ly/4gHfML6
-
Partnering with business owners as they navigate irregular cash flows, develop a retirement income strategy and prepare for business transition.
Trade policy changes and tariff threats have been making headlines, but it's important not to let short-term uncertainty derail your long-term financial goals. Tariffs can influence several key areas: • The economy • Inflation and central bank policy • The markets Curious about what potential U.S. tariffs on Canadian goods could mean for your portfolio? Let's connect to discuss your financial goals and how to stay on track. Click here to explore Edward Jones' insights on the potential impact of U.S. tariffs.
-
Trade policy changes and tariff threats have been making headlines, but it's important not to let short-term uncertainty derail your long-term financial goals. Tariffs can influence several key areas: • The economy • Inflation and central bank policy • The markets Curious about what potential U.S. tariffs on Canadian goods could mean for your portfolio? Let's connect to discuss your financial goals and how to stay on track. Click here to explore Edward Jones' insights on the potential impact of U.S. tariffs.
