bigjoe1

re: Lutnick says 1 trade deal done

Posted by bigjoe1 on 4/29/25 at 1:54 pm

Was hoping/thinking it was India.
This sounds like a nothing burger.

Lutnick says 1 trade deal done

Posted by bigjoe1 on 4/29/25 at 1:22 pm

quote:
Commerce Secretary Howard Lutnick on Tuesday teased that the Trump administration has reached its first trade deal, but said it was not fully finalized and declined to name the country involved.

“I have a deal done, done, done, done, but I need to wait for their prime minister and their parliament to give its approval, which I expect shortly,” Lutnick told CNBC’s Brian Sullivan.

LINKCNBC

re: Port of Los Angeles expects 35% drop in freight next week

Posted by bigjoe1 on 4/29/25 at 9:00 am

Strike was settled long ago when the ports agreed to limit automation.

re: Bezos trying to slam Trump?

Posted by bigjoe1 on 4/29/25 at 8:58 am

quote:
Normally i'd be just fine with this by Amazon but Biden first put tariffs on China. Why did Amazon not add this feature then?

Trump placed tariffs on China in 2019, Biden left them in place.

Political Talk

re: Farm group says ag in full blown crisis

Posted by bigjoe1 on 4/29/25 at 8:54 am

quote:
Maybe if we had more farmers raising cows eating the foods they normally eat(grass), wed have a healthier population.

Because it's not remotely feasible. This isn't the wild west where you can runs thousands of head of cattle over millions of acres. There isn't that much grass available to feed a cow out to a market weight where the rancher can be profitable. You need the large scale feedlots to finish livestock to a market weight.
As another poster pointed out, ag exports are an important part of our world trade. We'd devastate rural communities in the midwest with that kind of policy.

Port of Los Angeles expects 35% drop in freight next week

Posted by bigjoe1 on 4/29/25 at 8:49 am

quote:
Shipments from China to the west coast of the U.S. will plummet next week as the impact of President Donald Trump’s tariffs leads companies to cut their import orders.

Gene Seroka, the executive director of the Port of Los Angeles, said Tuesday on CNBC’s “Squawk Box” that he expects incoming cargo volume to slide by more than a third next week compared to the same period in 2024.

“According to our own port optimizer, which measures the loadings in Asia, we’ll be down just a little bit over 35% next week compared to last year. And it’s a precipitous drop in volume with a number of major American reta

re: Bezos trying to slam Trump?

Posted by bigjoe1 on 4/29/25 at 8:45 am

quote:
I think all stores should display taxes that are embedded in the pricing, why not have transparenc

I agree. Nothing wrong with transparency.

Political Talk

UPS to cut 20K jobs

Posted by bigjoe1 on 4/29/25 at 7:44 am

quote:
United Parcel Service
’s first-quarter profit beat market estimates and the parcel delivery giant said it will cut 20,000 jobs to lower costs in an uncertain economy and in anticipation of weak volumes from its largest customer, Amazon
.

Shares of the company rose nearly 2% before the bell on Tuesday after it said it expects to save $3.5 billion in 2025 from job cuts and by shutting 73 leased and owned buildings by the end of June.

Extensive tariffs by U.S. President Donald Trump have slowed down trade and led companies to reduce costs in anticipation of a demand hit. For parcel delivery firms, the slowdown is likely to reduce the need for shipping services between companies.

re: Farm group says ag in full blown crisis

Posted by bigjoe1 on 4/29/25 at 7:37 am

quote:
Maybe we should focus on growing good food, not trash like soybeans.

What should be grown in place of beans

re: Farm group says ag in full blown crisis

Posted by bigjoe1 on 4/29/25 at 7:14 am

quote:
Why not concentrate on growing plenty for the domestic market and that’s it?

Because there is no money in growing just for domestic consumption. Many of you have no idea just how expensive row crop farming is. From the cost of land, inputs, equipment, etc.
Plus, it's just not corn or beans that are exported, We export value added products like soymeal and oil.
Withdrawing into fortress America will be economically devasting to the ag industry.

re: Chinese factories halting production

Posted by bigjoe1 on 4/28/25 at 8:21 am

Why is this fake news?
Hasn't the poli board been predicting this for weeks?

Chinese factories halting production

Posted by bigjoe1 on 4/28/25 at 7:35 am

quote:
“I know several factories that have told half of their employees to go home for a few weeks and stopped most of their production,” said Cameron Johnson, Shanghai-based senior partner at consulting firm Tidalwave Solutions. He said factories making toys, sporting goods and low-cost Dollar Store-type goods are the most affected right now.

“While not large-scale yet, it is happening in the key [export] hubs of Yiwu and Dongguan and there is concern that it will grow,” Johnson said. “There is a hope that tariffs will be lowered so orders can resume, but in the meantime companies are furloughing employees and idling some production.”

Around 10 million to 20 million workers in China are involved with U.S.-bound export businesses, according to Goldman Sachs estimates. The official number of workers in China’s cities last year was 473.45 million.

re: Farm group says ag in full blown crisis

Posted by bigjoe1 on 4/28/25 at 7:20 am

quote:
If we are not exporting our corn, wheat, rice, and other agricultural goods, wouldn’t that make them cheaper domestically?

Sure. But, farmers would lose a hell of a lot of money. If memory serves, I think in 2019 the Dept. of Agriculture had to subsidize farmers $12 billion dollars to make up for lost income from tariffs on top of all of the other subsidizes .

re: Farm group says ag in full blown crisis

Posted by bigjoe1 on 4/28/25 at 7:16 am

quote:
President Donald Trump is ready to bail out American farmers if commodity exports continue to fall, particularly involving pork and soybean sales to China, Agriculture Secretary Brooke Rollins said Sunday.

"First of all, the prayer is that that doesn't need to happen — but secondly, if it does, for the short term, just as in Trump 1, we are preparing for that," Rollins told CNN's "State of the Union."

During Trump's first term in office, the government spent tens of billions of dollars in farm subsidies amid a smaller trade war between the United States and China.

Newsmax

-4

Farm group says ag in full blown crisis

Posted by bigjoe1 on 4/28/25 at 6:45 am

quote:
The clock is ticking on trade deals that the U.S. will need to strike with many nations, most notably China, to avoid what Trump’s Treasury Secretary has described as an “unsustainable” tariffs war. But in the U.S. farming sector, the damage has already been done and the economic crisis already begun.

U.S. agriculture exporters say the global backlash to President Trump’s tariffs is punishing them, especially a decline in Chinese buying of U.S. farm products, leading to cancelled export orders and layoffs. Peter Friedmann, executive director of the Agriculture Transportation Coalition, a leading export trade group for farmers, tells CNBC the number of canceled purchases of U.S. agriculture should not be described as approaching a crisis. “It is a full-blown crisis already,” he said.

LINKCNBC

re: They are refusing to have court in WI over the arrest of Dugan. More OBSTRUCTIONISTS

Posted by bigjoe1 on 4/26/25 at 8:26 pm

quote:
These are federal judges, right?

This is a state judge.

Political Talk

re: Retail shortages will come in waves

Posted by bigjoe1 on 4/25/25 at 11:08 am

quote:
Curious how those types of places manage it all.

I don't think they do. Last time I was in a DG they had 1 lady trying to run the register and stock shelves. Crap spread out all over the floor so you had to detour around isles to get were you wanted to go.

re: The whiplash from China tariffs will be a bit like Covid shutdown according to this CEO

Posted by bigjoe1 on 4/25/25 at 10:40 am

quote:
I could find a video of the process if you’re interested.

I'll take your word for it. :lol:
Seriously, never new violin bows were a thing. Congrats on finding a niche market.

Retail shortages will come in waves

Posted by bigjoe1 on 4/25/25 at 10:22 am

quote:
Supply chain experts say that lower-end stores will be hit hard by tariffs on low-cost imports and if they run lean on inventory, that will be seen much faster.

“The U.S. retail system is built on speed and scale,” said Casey Armstrong, CMO of ShipBob, a global fulfillment and supply chain platform. “When that engine stutters — whether from tariffs, customs delays, or sourcing constraints — it’s the lowest-margin, fastest-moving goods that disappear first.”

Armstrong warned the first signs of empty shelves would show up where price-sensitive imports dominate the shelf — like toys, games, and budget home goods, in addition to apparel. “These are the canaries in the coal mine of a disrupted supply chain,” he said.

Armstrong thinks toys and seasonal kids’ goods, including back-to-school items, will disappear first because of the shortened lead times and the timing of tariffs.

Fast fashion and apparel — basics, tees, leggings, socks, and some kids’ clothing — would follow. “There is often fast turnover on apparel, and thin margins mean low buffer stock,” Armstrong said.

Low-cost home goods and the consumer electronics supply will be constrained because even though many products in these categories are not “final-assembled in China,” their components often are, according to Armstrong. “Also, many products are refreshed frequently (phones, earbuds, etc.). Some Amazon sellers and big-box stores may have gaps in cheaper electronics and accessories,” he said.