The next round in the U.S.-China trade war could be the costliest one yet for American consumers.
The U.S. is said to be preparing to announce tariffs on all remaining Chinese imports by early December, and the impact at the checkout counter may be as much as 10 times higher than earlier rounds of levies, according to a report from Citigroup economists.
The new penalties, which could take effect in early February, would encompass Chinese-made consumer goods like Apple iPhones and Nike shoes that the Trump administration has so far left untouched. The impact of a 10 percent tariff on the $267 billion of imports could be 10 times larger than the first $50 billion round and double that of the $200 billion tariffs in the second round, the analysts wrote.
Minor Thoughts from me to you
Archives for Donald Trump (page 1 / 1)
"Trade wars are good and easy to win."
BelGioioso Cheese Inc., a second-generation family company in Wisconsin, has seen sales to Mexico drop since officials there implemented tariffs of up to 15% in early June on most U.S. cheese. The levies were a response to tariffs the U.S. placed on Mexican steel and aluminum.
On Thursday, Mexico was slated to raise its levy on most U.S. cheese to as much as 25%, while China on Friday is implementing tariffs on $34 billion of U.S. goods, including cheese and whey, a dairy byproduct often fed to livestock.
"It’s a nightmare," said BelGioioso President Errico Auricchio.
The Mexican tariffs affect as much as $578 million in U.S. dairy goods, while China’s duties could hit $408 million of cheese, whey and other products, according to U.S. Chamber of Commerce data.
July milk futures have dropped 12% since Mexico announced May 31 that it would strike back with tariffs. The price for a barrel, or 500 pounds, of white cheddar last week hit its lowest level since 2009. More cheese is in cold storage in the U.S. than any time since the U.S. Department of Agriculture began keeping track in 1917.
U.S. dairy farmers have been caught up in a trade dispute with Mexico before. In 2009, Mexico imposed tariffs in response to a trucking disagreement that included levies as high as 25% on U.S. cheeses. U.S. shipments of cheese to Mexico fell by 26% during the 14-month dispute, according to the INTL FCStone Financial, a trading firm.
Since then, U.S. dairy exports have grown to account for about 12% of Mexican consumption last year, according to Rabobank.
More than 60 cheese and dairy producers wrote to the Trump administration last month, saying the trade war could cost them that foothold. "Our share of the Mexican market is in grave jeopardy," they wrote.
René Fonseca, general director of Mexico’s National Milk Industries’ Chamber, said Mexican processors are pushing U.S. producers to lower their prices to make up for the tariff.
Mexican dairies are also ramping up production and processors are looking for alternative suppliers for cheeses such as gouda in the European Union, Mr. Fonseca said. He said Mexican companies that find a new supplier likely won’t revert to their old U.S. trade partner if tariffs are removed.
As we prepare to celebrate America's Independence Day, it's important to stop, reflect, and remember what it is that America stands for. Shikha Dalmia, writing for Reason.com, offers a hint.
For months now, the Trump administration has been literally kidnapping children from parents arriving at the border in search of asylum and sending them off to prison-like detention camps thousands of miles away. In one particularly egregious case, authorities seized the 7-year-old daughter of a mother fleeing violence in Congo. Without offering her any explanation, they dispatched her little girl to a Chicago camp while holding the mother in San Diego. The mom wasn't being punished because she was trying to sneak in illegally. She presented herself to immigration authorities exactly as she was supposed to and even passed an initial screening to determine if she had a "credible fear" of harm in her home country. It took the ACLU four months of dogged petitioning before the distraught mother and the traumatized daughter were finally reunited.
In another case, an 18-month-old boy was taken away from his Honduran mother, who arrived at the Texas border. She showed the authorities copious records to prove that she was in fact the infant's mom, but they didn't care. They ordered her to place her baby in a government vehicle and drove him away to a San Antonio facility while she wept helplessly and her terrified son screamed inconsolably. She herself was detained in a facility in Taylor, Texas.
The administration pretends that these are isolated incidents but, in fact, a _New York Times_ investigation a few weeks ago found more than 700 cases of parents and children separated just since October, including 100 under the age of 4. The ACLU has filed a class-action lawsuit on behalf of the parents.
Happy Fourth of July, everyone!
(Addendum: Yes, I'm aware that this article is 2 months old. It's still a good introduction to this particular horrible policy, for anyone who's been living under a rock. And I like the way Shikha Dalmia framed the issue.)
Megan McArdle, writing at Bloomberg, on the Washington scuttlebut about Trump's White House.
Consider the endless debates over last week’s series of leaks. Washington conservatives read the news stories too. But for connected conservatives in DC, the media isn’t the only source of information about this administration. I’d venture to say that most of them have by now heard at least one or two amazing stories attesting to the emerging conventional wisdom: that the president either can’t, or refuses to, follow any kind of policy discussion for more than a few minutes; that the president will not be told no, or corrected about anything, forcing his staff to take their concerns to the media if they want to get his attention; that the infighting within the West Wing is unprecedentedly vicious, and that those sort of failures always stem from the top; and that his own hand-picked staffers “have no respect for him, indeed they seem to palpitate with contempt for him.” They hear these things from conservatives, including people who were Trump supporters or at least, Trump-neutral. They know these folks. They know, to their sorrow, that these people are telling the truth.
So even though they agree with conservative outsiders that the media skews very liberal, and take all its pronouncements about Republicans with a heavy sprinkling of salt, they know that the reports of this administration’s dysfunction aren’t all media hype. They have seen the media report on their own work, and that of their friends; they know what sort of things that bias distorts, and what it doesn’t. Washington conservatives know that reporters are not making up these incredible quotes, or relying only on Democratic holdovers, or getting bits of gossip from the janitor. They know that the Trump administration is in fact leaking like a rusty sieve -- from the top on down -- and that this is a sign of a president who has, in just four short months, completely lost control over his own hand-picked staff. Which is why the entire city, left to right, is watching the unfolding drama with mouth agape and heads shaking.
The White House dysfunction should discourage anyone who was hoping for big conservative policies and encourage anyone who was afraid of big policy changes.
And here’s the final thing that they know: that if you want to do anything big in Washington, there’s a lot of smaller stuff that has to happen first. You don’t write code or build a building without a lot of stuff that probably seems expensive and unnecessary to the customers, and our product requires similarly careful planning and management.
Some of the hoops that a president’s staff must jump through are legally required; some of them are simply necessary to make sure that your bill doesn’t explode on the steps of the Capitol, or die a gruesome public death in the Supreme Court. They include: appointing policy staff; deciding on policy goals, strategy and tactics; keeping the staff from descending into the infighting that inevitably besets any large organization; providing regular oversight of evolving policies to make sure they adhere to the president’s goals; setting up channels and a process to get input from Congress and legal advisers; writing a very detailed plan that provides guidance to staff and legislators, and reassurance to the public; and having your political and communications strategy lined up long before you roll out that plan. Insiders know that this process looks cumbrous and unnecessary to outsiders; they also know that getting majorities in Congress, and legislation that will survive a court challenge, is a Herculean task that cannot be completed without many thousands of people devoting many thousands of hours to these labors.
I don't think Trump knows how to be anything other than what he already is. And that could mean that this administration is among the least effective in American history. Good news for some, bad news for others.
It's not easy to say, but recent reports suggesting that Voter ID lost Wisconsin for Mrs. Clinton are overstating the evidence. So says Slate anyway, and they're not noted for being Republican shills.
But the Nation headline doesn’t say it all—not even close, as a number of political scientists and polling experts were quick to point out.
One of the first to arrive on the scene with a big bucket of cold water was Eitan Hersh, an assistant professor of political science at Yale University who has studied the effect of voter ID laws.
No offense, but this is something that is going to be shared hundreds of times and does not meet acceptable evidence standards. https://t.co/4M3ipqiaWg
— Eitan Hersh (@eitanhersh) May 9, 2017
The most glaring problem with the report and how it’s being interpreted, Hersh told me by phone, is that the firm behind the analysis decided to operate at a surface level when it almost certainly had the data and expertise to dig much deeper. “Civis presents itself as a very sophisticated analytics shop,” Hersh said, “and yet the analysis they’re offering here is rather blunt.”
The group relied largely on state-by-state and county-by-county comparisons to reach its conclusions, but it could have—and Hersh maintains, should have—conducted a more granular analysis. Civis could have isolated communities that straddle the border between two states, for instance, or even used a comprehensive voter file to compare similar individuals that do and don’t live in states with new voter ID laws. Doing either would have allowed Civis to eliminate variables that may have ultimately skewed its findings. “It’s very weird to do an analysis the way they did when they presumably had a better way to do it,” Hersh said. “That’s a red flag that jumps out right away.”
Civis says it mostly limited itself to publicly available information so that its analysis was repeatable; Hersh counters that repeating a flawed analysis will just lead to the same flawed results. As the New York Times’ Nate Cohn pointed out on Twitter, and as Hersh echoed in his conversation with me, the absence of a detailed voter file-based analysis of the impact of voter ID laws—by Civis or anyone else for that matter—is in itself telling at this point. “I would in no way argue that these [voter ID] laws have no effect, but what we’ve found is that it’s a relatively small one,” Hersh said. Making things more complicated, he added, is that the effect of a voter ID law can be difficult to separate from that of other non-ID-based measures that disenfranchise the same types of people. “It’s just very unlikely that these voter ID laws by themselves would translate into the effect of 200,000 voters,” Hersh said.
Richard Hasen, an occasional Slate contributor and a professor of law and political science at the University of California–Irvine, voiced similar concerns about the Civis findings on his blog, pointing to a New York Times story published in the weeks after the election. Reporting from Milwaukee in late November, Times national correspondent Sabrina Tavernise cited Wisconsin’s voter ID law as one potential reason why turnout was down in the city’s poor and black neighborhoods. Tavernise, though, ultimately found a bounty of anecdotal evidence that black voters were simply far less excited to vote for Clinton in 2016 than they were to pull the lever for Barack Obama in 2008 and 2012. Here again it is difficult to offer a single explanation for depressed voter turnout: If a black man in Milwaukee decides it’s not worth jumping through hoops to cast a ballot, do we explain that by citing voter enthusiasm, the ID law, or both?
Tonight, President Trump nominated Judge Gorsuch to the United States Supreme Court. I'll give credit where credit is due: I didn't think President Trump would nominate someone that I liked, but he surprised me. From what I've read, I'll like Justice Gorsuch quite a bit.
I'm basing my opinion on SCOTUSblog's potential nominee profile. First of all, Judge Gorsuch is definitely qualified.
Neil Gorsuch was appointed to the United States Court of Appeals for the 10th Circuit by President George W. Bush on May 10, 2006, and confirmed shortly thereafter. Both his pre-judicial resumé and his body of work as a judge make him a natural fit for an appointment to the Supreme Court by a Republican president. He is relatively young (turning 50 this year), and his background is filled with sterling legal and academic credentials. He was a Marshall Scholar at the University of Oxford, graduated from Harvard Law School, clerked for prominent conservative judges (Judge David Sentelle of the U.S. Court of Appeals for the District of Columbia Circuit, as well as Justices Byron White and Anthony Kennedy of the Supreme Court), and was a high-ranking official in the Bush Justice Department before his judicial appointment.
And he has the potential to live up to Justice Scalia's legacy. Given that Justice Scalia was my second favorite Supreme Court Justice, this is no small thing.
He is celebrated as a keen legal thinker and a particularly incisive legal writer, with a flair that matches — or at least evokes — that of the justice whose seat he would be nominated to fill. In fact, one study has identified him as the most natural successor to Justice Antonin Scalia on the Trump shortlist, both in terms of his judicial style and his substantive approach.
With perhaps one notable area of disagreement, Judge Gorsuch’s prominent decisions bear the comparison out. For one thing, the great compliment that Gorsuch’s legal writing is in a class with Scalia’s is deserved: Gorsuch’s opinions are exceptionally clear and routinely entertaining; he is an unusual pleasure to read, and it is always plain exactly what he thinks and why. Like Scalia, Gorsuch also seems to have a set of judicial/ideological commitments apart from his personal policy preferences that drive his decision-making. He is an ardent textualist (like Scalia); he believes criminal laws should be clear and interpreted in favor of defendants even if that hurts government prosecutions (like Scalia); he is skeptical of efforts to purge religious expression from public spaces (like Scalia); he is highly dubious of legislative history (like Scalia); and he is less than enamored of the dormant commerce clause (like Scalia).
It's especially refreshing to see that Judge Gorsuch shares Justice Scalia's disdain for vague and overly broad criminal statutes. A Justice should be skeptical of the government's position and should demand that criminal law be unambiguous and clearly defined. My biggest complaint with Judge Merrick Garland was that his record showed too much deference to the government. I'll be very happy indeed if a Justice Gorsuch is Scalia's heir on criminal law.
SO THIS ISN’T EXACTLY A CLIMBDOWN, but I’m rethinking my position that a good argument for having Trump as President is that if he gets out of line, the press and the Deep State will go after him and bring him under control.
There are two reasons for that. First, the press and the Deep State are already going after him, before he’s even had a chance to get out of line. And second, I mean, holy crap, could they be any sorrier at doing so? I mean, “Peegate?” Really? What the hell?
This is good news for Trump, sort of, but overall it’s really bad news, since it means that both journalism and the intelligence community are both more politicized, and less competent, than even I thought. Sweet Jesus, these people are terrible.
I agree. If the media hyper reacts to President Trump every single week of the next 4 years, we're going to stop talking about "the boy who cried wolf" and starting talking about "the reporter who cried Trump". And guarantee Trump's reelection. Trump was already elected once by a perception that the media takes sides. They shouldn't be trying to confirm that perception with every story they write.
- Trump won the Presidential election.
- We had a choice between Nixon and Smoot-Agnew for the Presidency. We elected Smoot-Agnew. This is not likely to end well.
- As President-elect, Trump is now the head of the Republican Party. The Republican Party is now anti-free trade and anti-immigration.
- I am no longer a Republican.
- Conservatives have spent the past year creating an imaginary version of Donald Trump. This imaginary person is a savvy businessman and a strong leader who will rely on the wisdom of others as he governs. They'll now have four years to learn the truth. I wish them joy of it.
- Searching for a silver lining: maybe Trump will accidentally nominate an engaged jurist for the Supreme Court.
- Who honestly thought that Florida, North Carolina, Pennsylvania, Ohio, Michigan, and Wisconsin would all go for Trump? I'm gob smacked. Wisconsin in particular is a surprise. I thought that people in this state were too fundamentally nice to stomach Trump's brand of meanness.
- The Senate stays in Republican hands. This was the outcome I was hoping for.
- I hoped the Senate would stay Republican, to block the worst of President Clinton's Supreme Court picks.
- Given that Senators are less populist, I'm hoping the Senate will block the worst of President Trump's policies.
- Maine is adopting ranked choice voting for federal and state elections. This will be an interesting experiment to watch.
- Marijuana was legalized in four more states and medical marijuana was legalized in four. Thirty-six states have now legalized marijuana in some form: 8 have legalized recreational marijuana and 28 have legalized medical marijuana.