Mish Talk

Mish Talk

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China Halts Boeing Jet Delivery: Goodbye Boeing, Hello Airbus?

1 week ago | mishtalk.com | Mike Shedlock

The trade war that nobody will win expands to Boeing aircraft. Bloomberg reports China Orders Boeing Jet Delivery Halt as Trade War ExpandsChina has ordered its airlines not to take any further deliveries of Boeing Co. jets as part of the tit-for-tat trade war that’s seen US President Donald Trump levy tariffs of as high as 145% on Chinese goods, according to people familiar with the matter.
Trump’s FTC Head Talks Just Like Elizabeth Warren

1 week ago | mishtalk.com | Mike Shedlock

Meet Andrew Ferguson, an Elizabeth Warren sound alike. Andrew Ferguson on Price Fixing Ferguson: As we adjust to the new economic order, the FTC will be watching closely to make sure American companies are vigorously competing on prices. These necessary tariffs should not be interpreted as a green light for price fixing or any other unlawful behavior. We will always protect American consumers.
Big Win for Trump, NVIDIA to Manufacture AI Supercomputers in US

1 week ago | mishtalk.com | Mike Shedlock

Chalk up a win for Trump and Biden. It’s on strategic trade policy that I support.
Say goodbye to Cheap Socks and Other Apparel, We Call This Winning

1 week ago | mishtalk.com | Mike Shedlock

You pay more and get less, but Trump calls it winning. At China’s Wholesale Hub, U.S. Orders Have Suddenly HaltedThe Wall Street Journal reports At China’s Wholesale Hub, U.S. Orders Have Suddenly Halted. One Example: Socks. At the world’s biggest wholesale market in this eastern Chinese exporting hub, American clients have disappeared. The Americans, or their representatives, used to show up to buy everything from Paw Patrol plushy dolls to Panama hats to toy sniper rifles.
Trump’s Plan to Make Manufacturing Great Again in Pictures

1 week ago | mishtalk.com | Mike Shedlock

The share of manufacturing employment keeps declining. What role did NAFTA play? Contrary to popular myth, neither NAFTA nor China entering the WTO impacted long-term trends in manufacturing employment in place since 1953.
China Halts Rare Earth Exports Desperately Needed by the US

1 week ago | mishtalk.com | Mike Shedlock

I have been warning about this for years. It’s now happening. China Halts Critical Exports The New York Times reports China Halts Critical Exports as Trade War Intensifies. That is a free link for those who wish to read the full article. China has suspended exports of a wide range of critical minerals and magnets, threatening to choke off supplies of components central to automakers, aerospace manufacturers, semiconductor companies and military contractors around the world.
Tariff Clown Show Continues, Tech Tariffs Back On, Separately

1 week ago | mishtalk.com | Mike Shedlock

What a revolving door circus Trump’s tariff policy has become.
Trump Backs Down More on Tariffs Exempts Smartphones, Electronics from China

1 week ago | mishtalk.com | Mike Shedlock

Trump sought a meeting with China, then backed down after no reply. Please note Trump Exempts Smartphones, Other Electronics From Chinese TariffsSmartphones, laptop computers, memory chips and other electronics will be exempt from President Trump’s so-called reciprocal tariffs, another step back that could ease some consumer concerns about an immediate jump in costs for tech products imported from China.
How Much Money Has DOGE Really Saved, and Where Will it Go?

1 week ago | mishtalk.com | Mike Shedlock

Let’s do some fact checks on DOGE claims and reality. Image above is a composite from the MuskWatch DOGE Tracker last updated April 1. The latest DOGE unverified claim is $150 billion. See How Government Spending Is Up Even as Musk Touts SavingsThe Wall Street Journal reports See How Government Spending Is Up Even as Musk Touts Savings. That’s a free link to lots of charts.
New York Fed President John Williams Expects Tariffs to Boost Inflation

1 week ago | mishtalk.com | Mike Shedlock

Williams ups his inflation and unemployment forecasts. Uncertain Over Uncertainty John Williams gave a good speech today on Uncertain TimesTo start, I’ll say that the economy entered the year on firm footing. This was a result of strong growth fueled by robust gains in the labor force and productivity. After a period of cooling, a wide range of labor market indicators, including the unemployment rate, have stabilized at levels consistent with a solid labor market.

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