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They have done a wonderful job of isolating the United States from the rest of the world. Well done.
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Dear Andy,
Who would want a used car at a high price?
I think leap you would want a car at any price. Just to say you own a car.
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Foreign leaders have made it clear they want to negotiate with Uncle Sam
Stable Trump is not reliable Uncle Sam though.
Him flinching in the wake of a Treasury selloff hasn’t exactly bolstered his negotiation position either.
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The majority in Congress is flinching even harder. They are talking tax hikes for the first time in my lifetime.
History time. I have mentioned before, that, after WWI, the allies expected the US to forgive their war debts. Nope. Congress passed a law demanding all debts be paid in full, on schedule, with interest. Anyone who did not comply would be locked out of the US financial markets. That threat brought our erstwhile allies to the table. Negotiations started with the UK, as they owed the most. The settlement with the UK served as a pattern for the rest. Somewhere in my files, I have a table of what everyone owed.
The natural “first mover” to open negotiations with would be the EU, according to 2024 data on Wiki. And, the US’ relationship with the EU is not as acrimonious as with China.
Any negotiations would be made more difficult by the administration’s determination to replace the income tax with tariff revenue, as opposed to the chatter that the EU might want a zero tariff agreement.
Steve
Auto sales are up .5 percent so it looks like a lot of people are wanting vehicles. The best reading this year.
Dear Andy,
Yep people are buying before the tariffs have an impact. The real impact is on employment. Ouch!