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#trade

172 posts66 participants32 posts today

“This is amateur hour,” shouted Rep Steven #Horsford, D–NV, at Jamieson Greer, #Trump’s top #trade rep. “It looks like your boss just pulled the rug out from under you.” News of Trump’s plan to #pause most of the reciprocal #tariffs that went into effect this morning was just reaching Capitol Hill. “This is not a game. This is real life,” Horsford yelled as he pressed Greer about whether or not the move amounted to #MarketManipulation by the admin.

Excellent point:

Rep Suzan DelBene (D-WA) asked Jamieson Greer, the top US #trade negotiator, how any country can #trust the trade deals that #Trump is negotiating, given that he has “thrown out” previous agreements by imposing #tariffs, including the trade deal he signed with #Canada & #Mexico in his first term. Greer said that the #US was still “the consumer market of choice for everybody” [not for long] & the admin was having “several meetings” every day about new deals.

The #EU will launch its first countermeasures against #Trump's tariffs next week, the bloc's members agreed on Wed, joining #China & #Canada in retaliating & escalating a global #trade conflict.

The approval came on the day that Trump's "reciprocal" tariffs on the EU & dozens of countries took effect, including massive 104% duties on China, extending his tariff onslaught & spurring more widespread selling across #markets.

#economy #inflation #recession #geopolitics
reuters.com/markets/europe/eu-

US yachts, coffee, soybeans - what's on the EU's tariff hitlist today?

The EU has prepared a list of US products set to be hit by 25% customs duties from 15 April. The list includes orange juice and coffee, but Bourbon whiskey escapes.

It represents a “careful mix” of products drafted with an eye to the potential for a targeted US backlash against sectors of the EU economy, according to an EU diplomat.

mediafaro.org/article/20250409

A combine harvesting soybean in the US. | Copyright Nick Rohlman/AP
Euronews · US yachts, coffee, soybeans - what's on the EU's tariff hitlist today?By Gerardo Fortuna, Peggy Corlin
#EU#Tariffs#Trade