Trump is back to begging XI to call him. President Trump's trade agenda is on hold as he waits on a call with Xi Jinping https://finance.yahoo.com/news/pres...aits-on-a-call-with-xi-jinping-124449742.html
‘The president is obsessed’: Trump fixates on Xi call amid faltering trade talks https://www.politico.com/news/2025/06/03/trump-xi-call-trade-talks-00381858
if there is no end game proposed, then no point to start any meeting. china can sit out until the midterms at least. we will postpone the beautiful tariffs every three months.
It's TACO Tuesday! It's TACO Tuesday! It's TACO Tuesday! It's TACO Tuesday! It's TACO Tuesday! It's TACO Tuesday! It's TACO Tuesday! It's TACO Tuesday! It's TACO Tuesday! It's TACO Tuesday!
Trump says ‘extremely hard’ to make a deal with China’s President Xi Jinping as trade talks stall Published Wed, Jun 4 20252:40 AM EDTUpdated 5 Min Ago Anniek Bao@in/anniek-bao-460a48107/@anniekbyx Evelyn Cheng@in/evelyn-cheng-53b23624@chengevelyn Share Key Points U.S. President Donald Trump said on Wednesday that China’s President Xi Jinping was “extremely hard” to make a deal with. A senior White House official told CNBC earlier on Monday that Trump and Xi are likely to speak this week. ____________________________________________________ It simply means China is a very powerful country. China can simply stop the export of rare metal, medical APIs ... and that will be the game changer. Anyway, big fish (the US) eats small fish. Soon China the big fish will eat small fish.
Trump expects everyone to bow before him, after they have done that, Trump despises them, or loses respect, kicking them to the curb. President Xi Jinping knows this and isn't going to fall for it.
(AXIOS) 3. Key tariff deadlines to know this month By Ben Berkowitz President Trump holding a list of "Liberation Day" tariffs in April. Photo: Chip Somodevilla/Getty Images A series of milestone events in coming days will determine the course of the trade war. Why it matters: That in turn will decide the fate of not only the U.S. economy, but the world's. What to watch: There are key legal and diplomatic deadlines. June 4: The U.S. expects best and final offers from trade partners, according to a Reuters report. The doubled steel and aluminum tariffs also take effect. June 5: The plaintiffs in the case that led to tariffs being struck down by the Court of International Trade must file their papers with a federal appellate court, explaining why they oppose a motion to stay the ruling. June 9: The government has to file a reply to those papers, after which time the appellate court could rule. End of June: President Trump flags this as possible timing for new tariffs that would affect phone makers such as Apple and Samsung. And that's just this month. There are a lot more deadlines in July and August. Zoom out: For now, all of the tariffs Trump previously imposed are still in effect, including a 10% global baseline tariff and additional levies on certain countries and sectors. Zoom in: If the trade court's ruling ends up standing, the administration has a variety of other levers it can pull to impose tariffs, though some are more time-consuming than what Trump has done thus far. What they're saying: "We're very, very confident that Plan A is all we're ever going to need," National Economic Council director Kevin Hassett told ABC News last weekend, referring to the existing tariffs. But failing that, he said administration officials have been working on alternatives since 2017.
Are Businesses Absorbing the Tariffs or Passing Them On to Their Customers? https://libertystreeteconomics.newy...ariffs-or-passing-them-on-to-their-customers/ If TLDR, here's the cut to the chase yes they are passing it on - that TACO-man will cry fake news about:- Most Businesses Passed Through Some or All of the Tariffs Share of businesses Pass-through rate0%1% - 25%26% - 50%51% - 75%76% - 99%100%01020304050ManufacturersService firms Source: Federal Reserve Bank of New York, Regional Business Surveys, May 2025. Note: Figures are based on businesses that reported an increase in the cost of their imported goods owing to tariffs over the past six months. (see link for graphic and all the rest)