Business/Markets/Stocks/Economics Random, Random

[ti-amie]

Aaron Rupar
‪@atrupar.com‬



Lutnick: "The army of millions and millions of human beings screwing in little screws to make iPhones -- that kind of thing is going to come to America."

https://bsky.app/profile/atrupar.com/post/3lm5p4tdc6a2c


Video at the link

[ti-amie]

Last week's shenanigans summary



Today's shenanigans

Trump Signals New Tariffs on Chips, Calling Exclusions Temporary
On Friday, the administration carved out an exception for a variety of electronics from the steep taxes now applied to Chinese imports.


By Tony RommAna Swanson and Tripp Mickle
April 13, 2025
Updated 4:52 p.m. ET

President Trump signaled on Sunday that he would pursue new tariffs on the powerful computer chips inside smartphones and other technologies, just two days after his administration excluded a variety of electronics from the steep import taxes recently applied on goods arriving from China.

The push came as Mr. Trump’s top economic advisers scrambled to explain their shifting strategy, after having insisted for weeks that they would shield no company or industry from any of the fees they have levied in a bid to reset U.S. trade relationships.

The reprieve for technology companies arrived in the form of a Customs and Border Protection rule issued late Friday that spared high-tech imports from Mr. Trump’s so-called reciprocal tariffs, including those on China. While the president paused a set of punishing levies on nearly 60 countries last week, his administration has forged ahead with a new 145 percent tax on Chinese exports, announcing it after Beijing retaliated against the United States.

The exclusions in the C.B.P. rule covered a wide slate of products, such as computers, smartphones, modems and flash drives, and it represented a major victory for Apple, and other U.S. technology giants, which rely on Chinese factories to help manufacture important components and popular devices. Apple executives had even been in contact with Trump administration officials about the Chinese tariffs in recent days, according to two people with knowledge of the company’s efforts. The company declined to comment.

But on Sunday, Mr. Trump and his top aides cast the exemptions in a different light, framing them as only a temporary break while the government prepares more targeted import taxes on key technologies. The administration is expected to take the first step toward enacting the new tariffs as soon as next week, opening an investigation to determine the effects of semiconductor imports on national security.

The approach appears to mirror the process that yielded Mr. Trump’s tariffs on other specific products and sectors, including the high fees he imposed on foreign cars and auto parts this year. On social media, the president signaled Sunday that the scope of his next inquiry would be broad, “taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.”

“NOBODY is getting ‘off the hook’ for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!” Mr. Trump added.

Howard Lutnick, the commerce secretary, said earlier Sunday on ABC’s “This Week” that Mr. Trump could announce new tariffs “in the next month or two” that would target not only semiconductors but also pharmaceutical imports, another priority for the administration.

Kevin Hassett, the director of the White House National Economic Council, told CNN’s “State of the Union” that it was “always the case” that some of these high-tech imports would be subject to their own tariffs, separate from those broadly imposed on countries in response to their trade practices.

“Semiconductors are a key important part of a lot of defense equipment,” Mr. Hassett added, saying, “I don’t think anything really should be a surprise.”


https://www.nytimes.com/2025/04/13/us/p ... ology.html

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US markets closed up a bit percentage wise today.


SYMBOL PRICE CHANGE %CHANGE
DJIA
40,524.79 +312.08 +0.78
NASDAQ
16,831.48 +107.03 +0.64
S&P 500
5,405.97 +42.61 +0.79

[ti-amie]

‪Carl Quintanilla‬ ‪@carlquintanilla.bsky.social‬
·
24m
CNBC: “.. Nearly three-quarters of those surveyed (74%) said cost was the top reason for saying they would not be reshoring production ..”

@cnbc.com

@loriannlarocco.bsky.social

www.cnbc.com/2025/04/14/t...

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US markets down slightly today.

SYMBOL PRICE CHANGE %CHANGE
DJIA
40,368.96 -155.83 -0.38
NASDAQ
16,823.17 -8.32 -0.05
S&P 500
5,396.63 -9.34 -0.17


European Markets

SYMBOL PRICE CHANGE %CHANGE
*IBEX 35
12,879.3 +269.5 +2.14
*FTSE
8,249.12 +114.78 +1.41
*DAX
21,253.7 +298.87 +1.43


Asian Markets

SYMBOL PRICE CHANGE %CHANGE
*SHANGHAI
3,267.64 -0.02 UNCH
*NIKKEI
34,089.89 -177.65 -0.52
*HSI
21,466.27 UNCH UNCH
*SHENZHEN
9,858.1 UNCH UNCH
*KOSPI
2,465.82 -11.59
*MALAYSIA
1,484.15 -2.28 -0.15
*TAIWAN
19,857.67 UNCH UNCH

[ponchi101]

The market already factored in the tariffs. I don't think we will see any more wild fluctuations until he says something really stupid again.

[ti-amie]

The market already factored in the tariffs. I don't think we will see any more wild fluctuations until he says something really stupid again.

US Markets

SYMBOL PRICE CHANGE %CHANGE
DJIA
39,669.39 -699.57 -1.73
NASDAQ
16,307.16 -516.01 -3.07
S&P 500
5,275.7 -120.93 -2.24

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Bloomberg News
‪@bloomberg.com‬

Chinese refiners are importing record amounts of Canadian crude after slashing purchases of US oil by roughly 90% amid escalating trade tensions

https://www.bloomberg.com/news/articles ... ar-worsens

[ti-amie]

Carl Quintanilla
‪@carlquintanilla.bsky.social‬
“Canceled sailings.”
“Blank sailings.”

The freight market is telling you everything you need to know about the coming wave of scarcity.

@cnbc.com

@loriannlarocco.bsky.social

www.cnbc.com/2025/04/16/t...

[ti-amie]

HerculesIsMyDad
•
1d ago
When you are begging the other side to call you to make a deal and get crickets in return, that's when you've got them right where you want them.

KrumpKrewGaming
•
1d ago
They already replaced US Soybeans and Beef this week, XI is on a world tour to replace the rest.