rose98734 in #economy • 19 days agoTrump's tariffs hurt US auto salesUS retail sales for May came in lower than expected, down 0.9% from April, and the culprit was auto sales. Here's the breakdown by sector: source Recall tharose98734 in #economy • 24 days agoCanada prepares a surrender to the US in a new trade dealOn the 11th June, The Economist magazine published an exclusive on the new trade deal Canadian Prime Minister Mark Carney was negotiating with President Trump. 24 hours later…rose98734 in #economy • last monthCentral banks continue co-ordinated Quantitative Tightening as inflation pressures persistAll the major central banks are now engaged in Quantitative Tightening, including at last the Japanese Central Bank. Japan has been the source of excess liquidity in the world…rose98734 in #economy • last monthHow much revenue is being generated by Trump's tariffs?There has been some debate as to whether President Trump's tariffs are a negotiating tactic to get better terms of trade, or whether they are a revenue-raising policy. It now…rose98734 in #economy • last monthTrump puts 50% tariffs on the EU - what happens next?President Trump has just announced 50% tariffs on the EU, effective on June 1st 2025. Here is his Truth Social post: source He says it's because negotiations with the EUrose98734 in #economy • 2 months agoWhat can we learn from the trade deals the USA has agreed with the UK and China?In the last week, the Trump administration has managed to calm the trade war by agreeing provisional deals with the UK and China. Starting with China first because it's…rose98734 in #economy • 2 months agoWhen will the supply shock hit American shelves?First, a timeline of when the tariffs came into force: On April 2nd, "Liberation Day", a range of tariffs were announced, from 10% on the UK and Australia, 20% on the EU to 50%…rose98734 in #economy • 3 months agoSupply shock incoming for the United StatesIn an interview with Yahoo media on April 15th, Treasury Secretary Scott Bessent said , "No one thinks steep China tariffs are sustainable over the long run". He was…rose98734 in #economy • 3 months agoWatch the bond markets! Bond yields will be a clue whether the crisis will get worse or notOne of the theories some pundits put forward for the huge tariffs, is that the Trump administration was trying to push bond yields lower. The reasoning went as follows: Scare…rose98734 in #economy • 3 months agoTrump's new tariffs close loopholes used by China's proxiesSo Trump announced new tariffs today, which are applicable to pretty much every country in the world. The minimum baseline tariff is 10%, but a lot of countries were hit with…rose98734 in #economy • 3 months agoMoney flows out of American stocks into other marketsFor the last sixteen years, the US stock market has outperformed the rest of the world. This was helped by steady governance which resulted in a strong economy, while the…rose98734 in #economy • 3 months agoFirst evidence that Canadians are cancelling flights to the USWhen Canadians started talking in February about how they were going to boycott flights to the US, some people, including economists, scoffed. After all people often say things…rose98734 in #economy • 3 months agoDo tariffs cause inflation or deflation?Tariffs are paid by the importer. So when Trump put tariffs of 25% on imports from Mexico and Canada, that results in the American business that is importing produce from Mexico…rose98734 in #economy • 4 months agoEurope's debt yields rise across the boardThis is despite the European Central Bank cutting rates at the start of March for the sixth time in nine months to 2.5%. So why are European government bond yields rising? [source](rose98734 in #economy • 4 months agoWhat impact will the Canadian boycott have?Canada started boycotting American goods in a low-key manner in February as Donald Trump started threatening to invade and annexe them. This metastasized to a full national…rose98734 in #economy • 4 months agoIs the stock market crash fortelling a recession?Both the Nasdaq and the S&P500 are now in correction territory, as they're down by at least 10% from their highs. The questions are "How long will the bear market last?" and "Is…rose98734 in #economy • 4 months agoWhy are German bund yields spiking?German 10-year Bond yields have spiked to 2.912%. That seems low to most countries, but for Germany these are the highest yields since 2023 when inflation was raging. Here is the chart: [source](rose98734 in #economy • 4 months agoDefence stocks in Europe soarThe global defense industry is churning right now. Following the security conference in Munich, where the USA hinted it would cease providing security help for Europe, many…rose98734 in #economy • 5 months agoHow easy is it to bring manufacturing back to the US?This is obviously Trump's big dream. Yet the tariffs which he applied to China and other countries in his first term (which were kept in place and increased by Biden), didn't…rose98734 in #economy • 5 months agoNow Trump wants to impose tariffs on countries that have VATFirst of all, what is VAT? Here is a good explanation A value-added tax (VAT) is not a tariff, it is a consumption tax assessed on the value added in each production…
