Discover and read the best of Twitter Threads about #tariffs

Most recents (24)

228/sc #Supply #Chain #Diversification: #USA needs to urgently shift the labor intensive & medium tech parts of its defence supply chains from 🇨🇳 to 🇮🇳 with the collateral benefit of getting more defence orders under #Atman #Nirbhar production; #GOI must ensure #EODB/#EORC
230/sc #Supply #Chain #Diversification . Note that Vietnam is a competitor in location of consumer digital products supply chains. (Reason & solution in next tweet)
Read 28 tweets
The Inflation Reduction Act includes a 15 percent corporate minimum tax, drug price controls, IRS tax enforcement, and a tax hike on carried interest to pay for increased spending on energy and health insurance subsidies as well as deficit reduction.

The on-again-off-again negotiations over the proposed #BuildBackBetter tax increases on corporations and high-income earners appears to be… on again.

Sen. Joe Manchin (D-WV) is now expressing support for something called the #InflationReductionAct. (2/9)
Next week, the Senate is scheduled to begin voting on a reconciliation bill that may put all of the #BuildBackBetter tax and spending increases on the table. (3/9)
Read 9 tweets
President Biden could provide business and household relief by eliminating Trump tariffs: @ericadyork Image
Tariffs raise prices and reduce the quantity of goods available to U.S. businesses and consumers, which results in lower incomes, reduced employment, and lower economic output in the United States.
Using the Tax Foundation General Equilibrium Model, we estimated that the Trump administration tariffs would amount to an annual tax increase of $80 billion (the 17th largest tax increase since 1940).
Read 8 tweets
Daily Bookmarks to GAVNet 01/30/2021…
The fight for $15: can Joe Biden usher in a higher minimum wage?…

How Trump’s Tariffs Really Affected the U.S. Job Market…

#trade #tariffs #policy #jobs
Read 10 tweets
Australia vs China tensions are getting worse. Will the Aussies shift on the South-China sea tensions?

-Australian journalist detained in #China
-China suspends #barley imports from #Australia
-China imposes #tariffs on Australian #wine
-#Huawei enters into the trade spat. ImageImageImageImage
Nothing good lasts forever, as Australia just discovered when after seemingly defeating the gravity of the business cycle and lasting a record 29 year without an economic contraction.…
Australian law enforcers have arrested an expectant mother for allegedly planning a protest against the Covid-19 lockdown in the state of Victoria, drawing ire and accusations of thought policing online.…
Read 4 tweets
@GovParsonMO As detailed by the gov after Greitens
sheer stupidity that truly frightens.
Show me incompetence:
Parson’s claims make no sense. His
feigned ignorance surely enlightens.

@BluebirdsofMO @classEireland
@EnglishTeach07 @jzikah
@LottaFightLeft @PhyllisMarion7
@GovParsonMO @BluebirdsofMO @classEireland @EnglishTeach07 @jzikah @LottaFightLeft @PhyllisMarion7 Parson’s tweet makes it patently clear
Donald’s virus won’t soon disappear.
As Mike plays it both ways
many eyebrows we raise.
His mixed messages ring insincere.
We can vote #LIBERTY,
or vote death — we must #VOTE
like it impacts our breath. 😷

🗽 @nicolergalloway
⚰️ @mikeparson ImageImageImageImage
@GovParsonMO @BluebirdsofMO @classEireland @EnglishTeach07 @jzikah @LottaFightLeft @PhyllisMarion7 @nicolergalloway @mikeparson County Hickory’s dithering dork to
instruct sex ed would draw a stork.
Science ain’t his forte;
later victims will pay,
but at least he’s an expert on pork.

So to no one’s amazement or shock every county went red on Mike’s clock.

#mogov 🔥 #GovernorArson
Read 213 tweets
Engineering a City #thread
Having spent my entire childhood in #Kochi (#Cochin ), it feels criminal to not know the story of how the city came to be the #metropolis it is today. Putting together a thread to trace the journey of the city which has been so endearingly mine (1)
Part 1: The #Malabar Mud-Banks
The story of Cochin is not just about how an engineering marvel can change social fabric, but also of many tenets of #British #Colonialism in India which is often taken for granted, passed off lazily as exploitation, missing nuance (2)
As with any coastal town, the cultural and economic history of Kochi is intertwined with maritime trade routes since the time of the Early Romans and Arabs. Thanks to the #biennale , most of us would now be familiar with the term #Muzuris (3)
Read 60 tweets
Roll up, roll up, for yet another spectacular @UKandEU report. 🥳🥳🥳This time on Brexit and manufacturing. 🚗✈️💊THREAD… Image
First, thanks to all those involved @dgbailey and Ivan Rajic wrote it, @jillongovt edited and improved it, @NLehl managed the whole editorial process and @Aron_Cheung once again produced the striking charts.
#Manufacturing makes up around 10% of the #UK #economy and 9% of private sector employment.
It provides close to half of UK #exports and around 60% of private sector investment. Image
Read 15 tweets
THREAD: Looks like WH & Congress are properly considering #COVID19 impact on small businesses. They have 2 major costs: staffing & real estate. W/ consumers needing to stay home & little or no revenue coming in, paying employees & property bills quickly becomes unsustainable.
2. Employers need to continue paying their people even if they aren’t able to work due to #coronavirus. Here are a few relatively low-cost, high-impact things we can do to help small businesses & their employees be in the best position to recover...
3. Landlords should waive rent for small businesses that depend on consumers & be allowed to take 3 months of the loss on their 2019 tax returns. #CoronavirusOutbreak
Read 8 tweets

Firtash is emerging as a key collaborator in the effort by Trump’s atty Giuliani to dig up dirt on Biden.

One of Putin’s foremost agents of influence (Firtash) has delivered more than $2M to associates of Giuliani who have worked with him to discredit Biden.

Firtash is personally motivated to fund the attack & smear on VP Biden to help Trump:

Gas industry experts say the gas-market reforms pushed by Biden & others in 2014 & 2015 hit Firtash in the wallet, and badly—to the time of hundreds of millions of dollars.

Mogilevich/Putin have motive too:

It was Biden who had pushed the UKR gov’t to eliminate middleman gas brokers like Firtash & diversify the country’s supply away from Russia.

Semyon Mogilevich, a renowned RU mob boss, is identified as real power behind Firtash
Read 59 tweets
2019 in Review📅Article by @charlottecuthbo (Thread👇)

#BorderCrisis Peak, #Mexico Cooperation, and Judicial Wrangling

The year began with President Trump declaring a #NationalEmergency at the southern #Border.…
The #BorderCrisis escalated, and in May, nearly 133,000 #IllegalAliens were apprehended by #BorderPatrol, with a further 11,000 presenting at ports of entry without legal documentation.

By the end of fiscal 2019, almost 1 million people had entered the US illegally.
Over 600,000 of them were either individuals within a family unit or unaccompanied minors—both vulnerable populations that often arrived sick and required more care than #BorderPatrol was set up to provide.
Read 23 tweets
@talkersmagazine "In China, the government is the standard. How can you challenge it? That is the problem of China. It not only creates a challenge for the Chinese society but also for the international society," says Nan Su of @news_ntd
@talkersmagazine @news_ntd "Chinatowns are always kind of insulated self governing units…The Chinese Communist Party realized this could be strategically valuable."

@JoshJPhilipp of @EpochTimes explains #China’s United Front soft power operations in the US.
Read 20 tweets
Welcome to the #Pennsylvania Member of Congress Tracking Report for the week ending 12/08/19.

This is where you'll find all the votes and quotes from ALL our PA House members as well as @SenBobCasey and @SenToomey.
#MoCTrack 1/19
@SenBobCasey @SenToomey The awesome folks at @538Politics help us assess the extent to which our MoCs vote along with the Trump Administration agenda. We track that index in each week’s #MoCTrack Report.
#MoCTrack 2/19
@SenBobCasey @SenToomey @538politics This week, the House voted on the #VotingRightsAct, a measure that would open the door for resumption of DOJ pre-clearance of new election laws in areas with a history of discrimination.
#MoCTrack 3/19…
Read 19 tweets
The @worldbankgroup conducted a series of private sector stakeholder consultations with 254 private sector representatives of #Pakistani exporters in the manufacturing, agro processing, and services sectors to identify key challenges to #exports competitiveness. Image
1. Identified the need to put a cap on the gas and #electricity tariffs faced by exporting entities to cut energy costs to reverse the effect on cash flows, especially in comparison with competitor #economies (Bangladesh, India, Vietnam)
2. Need to rectify distortions in the #tax regimes; reduce #GST, #tariffs and regulatory duties on imported intermediate goods. Documentation related complexities also need to be simplified to encourage #SMEs.
Read 13 tweets
#China should adapt to changes in the international environment and corresponding institutions with an open mind to cope with challenges brought by economic slowdown and trade uncertainties, said cf40 senior fellow Zhang Bin:…
Reducing import #tariffs to avoid an increase in effective tariffs. A low import tariff demonstrates China’s open attitude, which is especially valuable today given that protectionism is prevailing globally.
China does not have sufficient domestic products to serve as substitutes for US goods.Rise in import prices due to introduction of tariffs has had additional negative effects on domestic #economy.Reducing import tariffs on products from other regions can produce positive effects.
Read 6 tweets
Kosovo & TeamTrump

Trump’s comment stating the US meddles in foreign nations elections takes on new meaning when we discover Grenell, Whitaker & Nuneberg doing just that in Kosovo, promoting their favored candidate Kadri Veseli.

Kosovo is holding an early gen election Sunday.
📌The vote comes after the outgoing prime minister resigned following a request from a Hague-based court to question him over war crimes against ethnic Serbs during and after the country's 1998-99 war.…
The outgoing prime minister, Ramush Haradinaj, having been questioned in The Hague but not charged, is standing for re-election with his Alliance for Kosovo Future. He faces Vjosa Osmani, Kadri Veseli of the Democratic Party of Kosovo; & others.…
Read 23 tweets
“The Chinese miracle is over.”

In a wide-ranging conversation, top radio talk show hosts and senior @EpochTimes staff provided context to an audience of media professionals about some of the most important headlines regarding #China.…
John @batchelorshow, a talk show host on WABC in New York, said the #TradeWar has highlighted how “China’s business model is broken.”

US #Tariffs have taught companies they can move their supply chains out of #China, without being subject to unfair trade practices.
@batchelorshow Tom @sullivanradio of #TalkMedia Network said he’s spoken with #Farmers and residents in the heartland states most affected by #China’s retaliatory #Tariffs on US #Agricultural products; they support President Trump tackling the #Chinese regime’s trade policies.
Read 8 tweets
THREAD:1. As free #trade tends to face decline in marginal benefits and rise in marginal costs, it’s not a sure policy choice. CF40 senior fellow Zhang Bin talks about policy choices #China can take facing economic downward pressure
and trade uncertainty:…
2.Maintaining moderate #inflation level. Applying a combined CPI and PPI weighted value as an inflation indicator and setting a 2.5–3% inflation target.
3. Adopting a floating exchange rate and leaving sufficient space for monetary policies. A floating exchange rate is an automatic stabilizer in an #economy. Clean floating or the managed floating with a wide floating band is currently the
optimal arrangement.
Read 6 tweets
Despite firming core #CPI, driven to some extent by the modest pass through of #tariffs, we still think the @federalreserve is set to ease next week.
While headline #CPI only saw a modest increase, core CPI (excluding volatile food and #energy prices) came in at 0.26% month-over-month and 2.4% year-over-year.
Yet the #Fed is likely to both “look through” some degree of #tariff-related price rises, as being potentially temporary, and policy makers will be laser focused on the labor #market, which has slowed somewhat of late.
Read 4 tweets
The trade and economic conflicts between US and#China are evolving simultaneously in five areas: tariff war, investment war, technology war, currency war, and financial war, said CF40 member Yu Yongding. 1/5…
Recent developments in the conflicts calls attention to the irrational factors, obviously from the US side, which is more difficult for China to come up with sound policy responses. Hence, China should focus on its core economic interests rather than the #tariffwar.2/5
The 300 billion worth of Chinese goods #Trump threatens to impose 10% more #tariffs on, effective September 1, 2019, are mostly final products including mobile phones (44.6 billion USD), computers (41.1 billion USD), clothing (35.2 billion USD) and toys (25.5 billion USD). 3/5
Read 5 tweets
THREAD:As China-US #trade friction continues to escalate,China must keep its industrial policies,which is exactly what US worries about.The problem is not whether or not to abandon,but what kind of industrial policies should China take,said YuYongding:…
Industrial policy is China’s “weapon” which sometimes can effectively help improve resource allocation. On the other hand, China should unwaveringly respect the fundamental role of market in allocating resource. 2/5
It is also important to strengthen protection of industrial chains and pay high attention to self-innovation. It is unwise to make concessions in areas concerning China’s core interests in exchange for cancelation of #tariffs imposed by the US. 3/5
Read 5 tweets
Today’s #CPI report, which came in at 0.29% month-over-month and 2.21% year-over-year for core CPI (excluding volatile food and energy prices) gave us a bit to think about regarding the drivers of #inflation in the new economy.
For many years, we’ve seen an #economy driven by efficiencies and persistent pricing pressures on products that no longer display meaningful recurring demand, and ones in which supply chains have been optimized dramatically, reducing the cost to the end #consumer.
Still, the #CPI report displayed broad-based strength. Core goods prices were supported to some extent by the modest pass through of #tariffs, and we also saw increases in some of the more volatile components such as apparel and autos.
Read 4 tweets
While #China’s #export to US has been negatively impacted due to #trade war, that to other countries were less affected, which has been more associated with global demand than shift in industrial chains, according to a recent report by Zhang Bin…
In response to US #tariffs, China has taken reasonable countermeasures to reduce negative effects on its own economy - not target technological products that account for large proportion of imports for which it’s difficult to find substitutes
China’s dependence on some of the US’s #technology-intensive industries is relatively high. It belatedly imposed tariffs on these goods, and the number of specific goods subject to China’s tariffs is relatively small. Image
Read 5 tweets
1. My prediction: As Chinese goods are dumped to get ahead of Trump's #tradewar #tariffs, prices remain low but as inventories drop and demand remains, prices will begin to spike. IMO @POTUS Trump will create high inflation with a business slowdown by first quarter 2020.
2. The key is to keep talking about the Trump GOP being in bed with Putin (eg #MoscowMitch #LeninGradLindsey) and Putin's goal is destruction of US economy. Say it over and over again. So when this predictable result occurs the remaining non-#MAGA GOP will be predisposed to
3. wipe the GOP out in nearly every Senate race. The goal of Democrats holding the @WhiteHouse and ending GOP majorities not only in the House but in the Senate is clearly attainable but @TheDemocrats must remain focused on message. The goal is to not only defeat the @GOP but
Read 6 tweets

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