Replying to @BRICSinfo
China also responded with:
1. 10% tariffs on US oil and agricultural equipment
2. Probe of Google
3. Export control on tungsten-related materials
4. Added companies to unreliable entity list
Jacob Jensen
2,030 posts
Jacob Jensen
@JJensen2020
Trade Policy Analyst at @AAF. WFU24. All views are my own. Author of “The Shipment” weekly trade news.
Joined June 2024
- Replying to @ThePollLadyFrom what I see, this banknote was created a year ago as more of a symbolic gesture than a real currency. There’s speculation that the current summit has had discussions surrounding a common currency but nothing concrete yet.
- Replying to @unusual_whalesFor reference that’s about 4x expectations. If there’s no market reaction then it’s because people aren’t taking the tariff threat seriously anymore.
- Replying to @KobeissiLetter6. Court says Trump can’t use IEEPA authority to impose universal tariffs.
- Replying to @BRICSinfoThis was laid out in the Kazan declaration posted earlier today. The likely hope is that this is the first step for more agricultural products to be aided by BRICS. The BRICS countries produce nearly 50% of all global grain, not including the recent partner nations.
- Replying to @BRICSinfoCanada has agreed to 1. $1.3 billion border security plan 2. 10,000 officers deployed to Canadian border 3. Mexican cartels on terrorist list 4. A new fentanyl czar 5. Joint strike force with the US 6. $200 million towards combating organized crime
- Replying to @SpencerHakimianIt’s his way of preemptively creating a scapegoat for a possible economic downturn caused partially by the large-scale tariff costs.
- List of New Tariff Rates: Here are the new tariff rates for countries starting tomorrow. Enjoy! Afghanistan 15% Algeria 30% Angola 15% Bangladesh 20% Bolivia 15% Bosnia and Herzegovina 30% Botswana 15% Brazil 10% Brunei 25% Cambodia 19% Cameroon 15% Chad 15% Costa Rica 15%
- Replying to @unusual_whalesThis is extremely poor reporting. This study was done by Deloitte and the Manufacturing Institute and was released in April of 2024. Trump came into office in 2025. The tariffs wouldn’t have influenced the study folks in the comments.
- Replying to @BRICSinfoThe new data for BRICS+ and its partner countries.
- Replying to @BRICSinfoThis means that India has signed more trade deals this week than the United States has since Liberation Day.
- Replying to @unusual_whalesPretty close to 100% chance this is either a bluff or another nothing deal that doesn’t move the needle a millimeter from where we started.
- Replying to @BRICSinfoJust to provide clarity, the de minimis entry for packages from China is currently suspended. This means that all shipments from China are now subject to fees and tariffs as well as greater wait and inspection times. Packages will still enter via formal entry.
