Kevin Breuninger reveals that President Donald Trump has proposed a striking 50% tariff on the European Union, set to begin June 1, 2025. This decision stems from stalled trade negotiations and an ongoing trade deficit of over $250 million due to various barriers. Trump highlights frustrations with EU discussions, while claiming that U.S.-made goods would be exempt. The proposal illustrates the delicate state of U.S.-EU trade relations. Read more here: https://www.cnbc.com/2025/05/23/trump-recommends-50percent-tariff-on-european-union-starting-june-1.html #DonaldTrump #Tariff #EuropeanUnion #TradePolicy #TradeDeficit
#tradedeficit
📊 Trying to fix the US trade deficit by targeting specific industries is like trying to balance a seesaw by painting it! New analysis shows it's all about the savings-investment gap. Even when oil deficit vanished, total deficit grew to $441B. Sometimes the problem isn't where you're looking! 🔍 #Economics #TradeDeficit
https://news.slashdot.org/story/25/05/21/184249/why-does-the-us-always-run-a-trade-deficit
Japan's April trade balance shifts to 115.8 billion yen deficit, falling short of expectations, as exports rise 2.0% and imports decline 2.2% year-on-year
#YonhapInfomax #JapanTradeBalance #TradeDeficit #ExportGrowth #ImportDecline #DollarYenExchange #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64148
Japan's trade balance unexpectedly shifts to deficit in April, falling short of market forecasts and signaling potential economic headwinds
#YonhapInfomax #JapanTradeBalance #TradeDeficit #EconomicIndicators #AprilData #MarketExpectations #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=64134
Ah, the U.S. trade deficit: the perennial economic enigma that apparently needs a thesis-length explanation 💤. Spoiler alert: Maybe because importing cheap stuff is easier than making it ourselves? 🤷♂️ But hey, at least we have a Fed to write about it in excruciating detail. 📊💼
https://libertystreeteconomics.newyorkfed.org/2025/05/why-does-the-u-s-always-run-a-trade-deficit/ #tradedeficit #economicenigma #importexport #Fedanalysis #cheapimports #HackerNews #ngated
Why Does the U.S. Always Run a Trade Deficit?
https://libertystreeteconomics.newyorkfed.org/2025/05/why-does-the-u-s-always-run-a-trade-deficit/
#HackerNews #TradeDeficit #USEconomy #EconomicPolicy #InternationalTrade #TradeBalance
Korea-US currency talks initiate, potentially accelerating won appreciation amid expectations of addressing trade imbalances and impacting market dynamics
#YonhapInfomax #KoreaUsCurrencyTalks #WonAppreciation #ExchangeRate #TradeDeficit #VerbalIntervention #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63231
Urban businesses export significantly more than rural ones, but the gap isn't due to inherent rural disadvantages. Investing in rural digital infrastructure and manufacturing could boost US exports, an economist explains: https://buff.ly/VkDaFWz #TradeDeficit #economy #tariffs
“While #manufacturing jobs have been dropping as a share of total #employment since the 1970s, it was only in the decade of the 00s, when the #tradedeficit exploded, that we actually lost large numbers of manufacturing #jobs.” open.substack.com/pub/deanbake...
Trump’s Tariffs Address Yester...
USTR Katherine Tai to meet South Korean and Asian trade ministers at APEC, discusses challenges in removing China's non-tariff barriers and efforts to reduce trade deficits
#YonhapInfomax #USTR #KatherineTai #APEC #TradeDeficit #NonTariffBarriers #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=63056
South Korea's early May exports show sharp decline, highlighting ongoing trade challenges amid global economic uncertainties
#YonhapInfomax #Exports #TradeDeficit #EconomicIndicators #GlobalTrade #SouthKoreanEconomy #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=62704
Jfc
“Washington is seeking to reduce its $295bn goods trade deficit with Beijing and persuade China to renounce what the US says is a mercantilist economic model and contribute more to global consumption.”
The globe needs to consume less not more.
The USA could consume less.
#FWakeTradeDeficit #TradeDeficit
#RCC1805B #FWakeFutureWreck ++
#TrumpismCPTSD #FWakeTrumpismCPTSD /\
https://old.reddit.com/r/RealTwitterAccounts/comments/1kiibnb/a_big_win_indeed/mrf33bw/
US Commerce Secretary Lutnik predicts dozens of trade agreements within a month, emphasizes 10% tariff as best-case scenario for fair trade partners, and highlights Treasury Secretary's role in easing tensions with China.
#YonhapInfomax #USTariffs #TradeAgreements #ChinaTrade #TreasurySecretary #TradeDeficit #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=62396
Detached from reality are we - POTUS?
"we don’t need ANYTHING they have" ... referring to Canadian cars, energy, and lumber.
From the U.S. Census Bureau and Bureau of Economic Analysis, the US trade deficit with Canada widened to $4.9B billion in March, up sharply from prior months. The surge was driven by higher imports of Canadian-made cars, crude oil, and finished wood products.
1) Automotive imports up $2.6B
2) Oil and lumber increased, contributing to a 14% month-over-month jump in the Can- U.S. trade deficit, hitting a new monthly high of $140.5B in March. https://qz.com/u-s-canada-trade-imports-exports-trade-deficit-may-6-1851779387 #Trade #TradeDeficit #Tariffs #Canada #USA #BEA #Economy
"Since the Seventies, America’s deficits have provided East Asia (first Japan, then China) and Europe (primarily Germany) the demand for their factories’ manufactures. In return, the European Union, Japan and later China sent their accumulated profits to Wall Street to be recycled into US private and public debt, some equities, and real estate. A Chinese official once described this mechanism to me as a “dark deal”. “Our Dark Deal with the Americans,” the official explained, “turns on the US trade deficit, which keeps demand for our manufactures high. In return, our capitalists invest the bulk of their dollar superprofits into America’s FIRE”. (The acronym stands for “Finance, Insurance, and Real Estate.”) “Once this process got underway, America shifted much of its industrial production to our shores.”
The problem with this global recycling mechanism was that, to function smoothly, it had to generate larger and larger imbalances: greater trade deficits for the US and more accumulated savings for Northern Europe and East Asia. But there are limits to how large imbalances can grow. Ruptures are inevitable. The longer they are delayed, the greater the pain they inflict — a truth that centrists never acknowledged, not even when it was tearing down their houses.
Trump’s greatest strength comes from asking the pressing question that the centrists refuse to countenance: what comes after the Dark Deal? What comes after the imbalances built on the US trade deficit have proven unsustainably massive? Scott Bessent, Trump’s Treasury Secretary, put it succinctly in a recent speech at the IMF: “Everywhere we look across the international economic system today, we see imbalance… This status quo of large and persistent imbalances is not sustainable… The persistent over-reliance on the United States for demand is resulting in an evermore unbalanced global economy.”"
https://unherd.com/2025/05/the-centrist-comeback-wont-last/
#Centrism #Liberalism #USA #Trump #FreeTrade #PoliticalEconomy #TradeDeficit #PublicDebt
Kevin Breuninger reveals the tension in U.S.-Canada relations during Prime Minister Mark Carney's first U.S. visit post-election. Carney firmly declared Canada "won't be for sale ever," countering Trump's statehood claims amid trade disputes, notably Trump's erroneous $200B subsidy figure. With Canadian exports to the U.S. dropping, Carney's emergence reflects a national shift. The meeting's outcomes could redefine trade negotiations. Read more: https://www.cnbc.com/2025/05/06/trump-canada-carney-tariffs-trade.html #Canada #USRelations #TradeDeficit #Trump #MarkCarney #Politics
In his post taking aim at #Canada, #Trump again cited a figure he framed as a “subsidy” the #UnitedStates gives its neighbor. The number he gave, $200 billion, appears to be a reference to the US’ #TradeDeficit with Canada. But that is vastly inflated: Last year, the #US had a $63.3 billion trade deficit with Canada, according to US official data. The US ran a trade #surplus with Canada if you excludes Canadian #oil exported to America.
“MAGA’s obsession with the trade deficit misses the bigger picture: protectionism won’t solve structural issues. Real solutions demand innovation, not just scapegoating foreign markets. #TradeDeficit #Economy #FairTrade” www.barrons.com/articles/whe...
MAGA Gets This Right About th...
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