Merz is under enormous pressure from German industry, particularly from automakers, to push the EU to seal a rapid deal as its export-oriented economy is behing hit hard by Trump’s sectoral tariffs. The U.S. currently levies 25 percent tariffs on cars and 50 percent on steel and aluminum.
“There is a lot at stake here,” said Merz. “Jobs are at stake here. The prosperity of our country is also at stake here.”
While pushing the EU to act quickly, Merz also said Germany would “achieve nothing” if it were to act on its own, underscoring the need for unity among the the bloc’s 27 member states.
“There is a lot at stake here,” said Merz. “Jobs are at stake here. The prosperity of our country is also at stake here.”
While pushing the EU to act quickly, Merz also said Germany would “achieve nothing” if it were to act on its own, underscoring the need for unity among the the bloc’s 27 member states.
Well looky here
www.japantimes.co.jp
Japan’s automakers slashed the prices of their models exported to the U.S. at a record pace, in a sign that companies are sacrificing profits to remain competitive as U.S. President Donald Trump’s tariffs hit cars
Japanese carmakers slash export prices to U.S. to offset tariff hit
The move raises concerns over companies’ profitability and whether they can continue to keep raising wages at home.
www.japantimes.co.jp
Japan’s automakers slashed the prices of their models exported to the U.S. at a record pace, in a sign that companies are sacrificing profits to remain competitive as U.S. President Donald Trump’s tariffs hit cars
Buying Japanese cars now are we?....Not very MAGA of you.Well looky here
Japanese carmakers slash export prices to U.S. to offset tariff hit
The move raises concerns over companies’ profitability and whether they can continue to keep raising wages at home.
Japan’s automakers slashed the prices of their models exported to the U.S. at a record pace, in a sign that companies are sacrificing profits to remain competitive as U.S. President Donald Trump’s tariffs hit cars
50% on copper.....
Trump's 50% copper tariff could raise the cost of appliances, EVs and other goods, experts warn
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
www.cbsnews.com
Buying Japanese cars now are we?....Not very MAGA of you.
50% on copper.....
Trump's 50% copper tariff could raise the cost of appliances, EVs and other goods, experts warn
Manufacturers and construction companies — as well as consumers — would face higher prices if the U.S. jacks up tariffs on copper, analysts said.
From article
The flip side of the move is it raises concerns over companies’ profitability and whether they can continue to keep raising wages — a key component of the BOJ’s sustainable inflation goal.
There’s always a CPI report a month or two down the road for inflation to rear it’s ugly head .
Oh well !
I mean this seems like a fluke of accounting. It went up 4B but the total difference in spending from May was 343B. Which seems to me more like June just had less spending.
Especially because the total deficit reduction for the year is just 1%. Which doesn't signal to me that tariffs are going to create a durable surplus. Not to mention the tax incidence of tariffs mostly falls on American consumers and the damage of them will build up over time, especially as stock piles dry up. I just don't see how this can be seen as positive news.
