Mike Shedlock

Saint George

https://t.co/bwBAtHj9nn On my “MishTalk” blog, I write about global economy. Topics include interest rates, central bank policy, gold, and stocks.

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Articles

Trump Threatens 100 Percent Tariffs on Mattel and Barbie Dolls

5 days ago | mishtalk.com | Mike Shedlock

Obviously, Barbie is a matter of national security, like movies and everything else. Trump Goes After Toy Maker Mattel Newsweek reports Donald Trump Threatens To Stop Barbie Dolls Being Sold in USPresident Donald Trump has threatened to place a 100 percent tariff on Barbie maker Mattel, after the company’s CEO said it would continue to manufacture outside the U.S. but would be reducing its reliance on Chinese imports.
Big Three Automakers Blast Trump’s UK Trade Deal

5 days ago | mishtalk.com | Mike Shedlock

It only took one day for complaints to roll in. Also, Ford is hiking prices. Hooray! A Tentative Deal with the UK, Only 199 Deals to GoYesterday, I commented Hooray! A Tentative Deal with the UK, Only 199 Deals to GoMy post initially said 299 deals to go. I added a correction. Trump promised 200 deals, not 300.
80 Percent Tariff on China ‘Seems Right’ Says Trump, But It’s Nearly as Stupid

5 days ago | mishtalk.com | Mike Shedlock

Credit Trump for the irony of the year in a pair of comments on Truth Social. Comments of the DayCHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!80% Tariff on China seems right! Up to Scott B. Irony of the YearCLOSED MARKETS DON’T WORK ANYMORE!!!No one has tried harder than Trump to make the US an island.
Chinese Exports to the US Drop 21 Percent but Total Exports Rise

6 days ago | mishtalk.com | Mike Shedlock

For now, China is still doing fine on exports and US shelves are not empty, yet. Chinese Exports Soar to Rest of Asia, EuropeBloomberg reports Chinese Exports to US Slump 21% But Soar to Rest of Asia, EuropeChina’s export growth rose even as shipments to the US slumped sharply in the first month after President Donald Trump hit its goods with tariffs above 100%, a boost for a domestic economy that’s been increasingly reliant on foreign demand.
Hooray! A Tentative Deal with the UK, Only 299 Deals to Go

6 days ago | mishtalk.com | Mike Shedlock

Trump worked out a deal with the UK, a US trade surplus country. One Down, 299 to GoWe have are first deal (with details to be worked out later). Trump promised 300 deals in 90 days so there are only 299 deals remaining. Please note Trump Announces “Breakthrough Trade Agreement” with U.K. Speaking from the Oval Office, Mr. Trump said a “breakthrough” deal with the U.K. would include “billions of dollars of increased market access for American exports,” specifically agricultural products.
Fact Check on Trump’s Claim “We Don’t Do Much Business with Canada”

1 week ago | mishtalk.com | Mike Shedlock

“We don’t do much business with Canada from our standpoint, they do a lot of business with us.”Trump is woefully ignorant about largest US trade partners. Here is a Video Clip of Trump’s Claim Regarding Canada. Let’s now discuss the fact. Total Trade (Imports and Exports)Mexico: 1.423 TrillionCanada: 762 BillionChina: 583 BillionUS imports and Exports – Goods Only – China, Canada, Mexico, EU, VietnamIn terms of US exports, Canada is #1. Canada buys more US goods than the entirety of the EU.
U.S. Orders Intelligence Agencies to Increase Spying on Greenland

1 week ago | mishtalk.com | Mike Shedlock

Here’s another Trump move that’s already backfired. Step Up Spying on GreenlandThe Wall Street Journal reports U.S. Orders Intelligence Agencies to Step Up Spying on GreenlandThe U.S. is stepping up its intelligence-gathering efforts regarding Greenland, drawing America’s spying apparatus into President Trump’s campaign to take over the island, according to two people familiar with the effort.
Fed Holds Interest Rates Steady at 4.25-4.5 Percent in Unanimous Decision

1 week ago | mishtalk.com | Mike Shedlock

The Fed cautions against higher unemployment and higher inflation. FOMC Statement Here is the Federal Reserve FOMC Statement for the May 6-7 Meeting. Although swings in net exports have affected the data, recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid. Inflation remains somewhat elevated.
Wall Street Is Watching Port Shipping Data to Assess Tariff Impact

1 week ago | mishtalk.com | Mike Shedlock

Ships, trucks and railroads measure the economic blow from tariffs. Eyes on Shipping DataThe Wall Street Journal reports Wall Street Is Watching This Shipping Data to Gauge Tariff ImpactU.S. retailers and manufacturers have been stocking up on furniture, clothing, electronics and everything else that comes into the country by containership. That has caused a wave of containers to wash over the neighboring ports of Los Angeles and Long Beach, the main gateway for imports from China.
Gold Soars to Another New High, What’s the Message?

1 week ago | mishtalk.com | Mike Shedlock

There are three messages. Do you see them? Three Messages Gold does not believe the Fed is under controlGold does not believe Congress is under controlGold does not believe Trump is under controlAnd neither do I. Think!If you think either Congress will do anything about soaring deficits, then think again. If you think DOGE will do anything about soaring deficits, then think again. If you think Trump will do anything about soaring deficits, then think again.

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Mike "Mish" Shedlock @MishGEA

22 Apr 25

What does this say about Hegseth's ability to choose staff? @DefiyantlyFree https://t.co/xadu0QxrSq

Really American 🇺🇸 @ReallyAmerican1

BREAKING: Karoline Leavitt is unable to provide a legitimate reason for her comment the "the entire Pentagon is against" Pete Hegseth, even though the fired whistleblowers were "his own guys." The gaslighting is shameless. https://t.co/WFxYg9Lell

Mike "Mish" Shedlock @MishGEA

22 Apr 25

Here is more Bidenesque delusion. Seriously stupid.