Create accountLogin

Recent searches

No recent searches

Search options

Only available when logged in.
mastodon.ie is one of the many independent Mastodon servers you can use to participate in the fediverse.
Irish Mastodon - run from Ireland, we welcome all who respect the community rules and members.

Administered by:

Server stats:

1.8K
active users

mastodon.ie: AboutProfiles directoryPrivacy policy

Mastodon: AboutGet the appKeyboard shortcutsView source codev4.3.7

#tarrifs

19 posts15 participants5 posts today
Public
Levka

#China #tarrifs

"China on Monday accused Washington of abusing tariffs and warned countries against striking a broader economic deal with the United States at its expense, ratcheting up its rhetoric in a spiralling trade war between the world's two biggest economies.

Beijing will firmly oppose any party striking a deal at China's expense and 'will take countermeasures in a resolute and reciprocal manner,' its Commerce Ministry said."

reuters.com/world/china-oppose

Public
Snarky McSnarkface

#uspol #tarrifs

I had a bit of an a-ha yesterday. I knew this, but I hadn't internalized it.

While we talk about the tariffs as a tax, it's probably more like a VAT than a Sales Tax.

The company importing the product has to pay the tariff to get the product in. If the product is coming from China, they need to pay roughly an additional $124 for ever $100 item. If you don't have that cash budgeted, your product sits in a container, off shore.

1/n

Public
Levka

#capitalism #tarrifs #decline

"Normally, these two major asset classes are noncorrelated. That means when stocks fall, bonds rise. That didn't happen in this month's market tumult. U.S. stocks, bonds and the dollar all declined in tandem.

The cause of the risk-off sentiment on U.S.-based assets was twofold, Wall Street experts say. One, confusion caused by the Trump administration's tariff policy put in question the U.S.' reliability as a trading partner. And two, concern is rising among investors that U.S. assets are being viewed less favorably by global investors.

And while Wall Street experts say that odds of the U.S. Treasury market losing its haven status are low, they say the sharp decline in both stocks and bonds is a wake-up call."

investors.com/etfs-and-funds/p

Investor's Business Daily · Where To Put Money If Treasuries Lose Their Safe-Haven StatusU.S. Treasuries, long viewed as a risk-free investment and a haven in tough times, have been behaving badly.
Public
bananabob :tinoflag:

just watched the news on TVNZ and a guy in Lyttelton has taken American spirits off his shelves in the pub he owns.

Makes me think that we should all think twice before we buy something.

The trouble is what products are American? Is there a website that will list brand names that are owned bu US companies?

if not can someone create one? I would do it but don't have the knowledge or web dev skills.

#NZ#Tarrifs#BoycotUSA
Public
𝐃𝐫. 𝕵𝖎𝖇𝖗𝖊𝖊𝖑L ₲Ⱬ₮ 🌍

#Trump #tarrifs forcing #Pakistan to divert hard earned cash reserves to the american regime.

Naked attempt to pause Pak's exemplary #EnergyTransition, and force us to buy American oil in a deal to have the tarrifs removed.

Why couldn't they offer us solar panels instead? Oh wait.

profit.pakistantoday.com.pk/20

We have a huge American hangover. Its past time we tried "balancing" between the US and China and rework our policies to reflect a multipolar world.

Pakistan is actively considering a proposal to import 10 percent of its crude oil and petrol from the United States in a bid to mitigate tariff impact, address trade imbalances, and support the country's exports, which have recently reached $6 billion, The News reported citing official sources from the Ministry of Energy. The move comes after the US imposed a 29% tariff on Pakistan, in addition to a 10% baseline tariff. However, the Trump administration has suspended these tariffs for 90 days, allowing room for negotiations. As per the report, the government has consulted with stakeholders, including refineries and il marketing companies (OMCs), and finalised the proposal to import 10% of crude and petrol from the US. The proposal will soon be tabled for approval by the Economic Coordination Committee (ECC). The trade deficit between Pakistan and the US stands at $3 billion, with the imbalance resulting in the imposition of tariffs by the US across 180 countries. To mitigate the impact, around 75 countrie: have agreed to negotiate with the US to reduce the deficit and avoid these tariffs, which will take effect after the 90-day period. The officials explained that while importing crude ofl and petrol from the US would incur an
The officials explained that while importing crude oil and petrol from the US would incur an additional $3 per barrel cost due to transportation, the impact on consumers would be minimal. This increase would be absorbed by the government, and when distributed across the entire consumer base, it would increase to just 0.50 per liter. In return, Pakistan plans to negotiate the removal of the 20% tariffs imposed by the US. The government is also considering further imports from the US, such as sophisticated machinery, soybean, steel, and iron, as part of a broader effort to strengthen trade ties. In the upcoming talks, Pakistan's government delegation plans to assure the US of compliance with intellectual property rights (IPRs), addressing concerns that have caused substantial losses for US companies in the country. Additionally, Pakistan aims to reduce non-tariff barriers, including customs and sanitary regulations, to facilitate smoother trade relations with the US.
#GlobalSouth#ClimateDiary#SouthAsia
ExploreLive feeds
About