Money & Economics

Trump Announces New Round Of Tariffs On Drugs, Heavy Trucks And Furniture​

Trump Announces New Round Of Tariffs On Drugs, Heavy Trucks And Furniture | ZeroHedge

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:rofl:
BTW Craig owns the largest freight tracking service in the country. I know him, he bought the media company I worked for. He also owns a large portfolio of verticle niche media brands.

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“99.9% of the heavy duty trucks sold in the US are manufactured in North America.

While trucks are produced in Mexico or Canada (thnx FreightX for the reminder), they should be covered under USMCA.

Furthermore, the trucking industry can't handle more cost increases, the industry is facing an extinction-level event due to a disastrous freight economy.”

 
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hmmmm whats up?



Statement 1: The CEO of Barrick Gold has departed.This statement is true. On September 29, 2025, Barrick Gold Corporation announced that Mark Bristow has stepped down as President and CEO with immediate effect after nearly seven years in the role. Mark Hill, the company's Chief Operating Officer, has been appointed as interim CEO.

Statement 2: The CEO of Newmont has stepped down.This statement is true. On September 29, 2025, Newmont Corporation announced that Tom Palmer will step down as President and CEO effective December 31, 2025, after more than a decade with the company (including six years as CEO). He will serve as a strategic advisor until his full retirement in March 2026. Natascha Viljoen, current President and COO, will succeed him on January 1, 2026.
 
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bigredfish said:

Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time​

Gold Revaluation Imminent? US Treasury Hoard Tops $1 Trillion For First Time | ZeroHedge

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Click to expand...

I made a good faith attempt at understanding what this article says, and have to admit it's tougher to comprehend than setting up a new camera.

What I think reality is: Revaluing the gold doesn't change anything. The country still has the same amount of gold that has the same market value.

What I think the article says: Revaluing the gold enables a bunch of accounting hocus pocus, allowing the government to spend more money that it doesn't have, while the numbers show no such thing has happened. The sort of thing that would mean jail time with any entity except the government.

Anybody have a more accurate take on it?
 
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Thats my understanding also.
It will allow them to print more money without acknowledging the debt that comes from it because of the "new found" liquidity
 
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...of course not


BREAKING: The BLS announces it will not be releasing economic data, including Friday's jobs report, in the case of a US Government shutdown.There is currently a 74% chance that the US Government shuts down on Wednesday, per Kalshi.

 
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bigredfish said:

China weaponizes ag imports to target Trump and US farmers​

China’s freeze on U.S. soybean purchases hits a key GOP constituency in the run-up to 2026 midterm elections

Tariffs have consequences


Click to expand...

A learning opportunity? What did they think China would do? :(

A person close to the administration said it was “ruffled” and “completely caught off guard,” by the outcry from soybean farmers warning of the potential for financial ruin. That prompted a rush to brief senior officials as well as the president in recent weeks. “There was an information gap. But that was a learning opportunity,” said the person, who was granted anonymity to speak candidly.

Amid the outcry from farmers, Trump announced Thursday that he plans to use tariff revenue for cash bailouts to farmers “until the tariffs kick in to their benefit.” That will require congressional approval and aid likely won’t reach farmers until early 2026.
 

Dallas Fed Respondents Turn Apocalyptic Amid Trump Push To Hammer Oil Prices​

Dallas Fed Respondents Turn Apocalyptic Amid Trump Push To Hammer Oil Prices | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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What happened? As the next table shows, there was a uniform deterioration across virtually every indicator, starting with New Orders, Shipments, Delivery times, Inventories and going all the way down to Prices for Finished Goods, Employment and Hours worked. In fact the only indicator that posted an improvement from August was Wages and Benefits, which at 15.9 (up from 15.4) is still below the series average of 21.0



So what changed and why did the mood deteriorate rapidly once more?

For the answer straight from the horse's mouth we present you with the always entertaining comments from the respondents which speak for themselves and hardly need commentary, suffice it to say that the locals are hardly delighted with either tariffs, high interest rates, falling demand or general economic malaise, which is to be expected from a regional Fed that is largely dependent on the US energy industry (read Texas shale) which in turn has been crippled by Trump's demands to keep oil prices as low as possible if not lower, and has hammered the US oil E&P industry.

Computer and electronic product manufacturing

  • I may have to close the company. Orders have stopped coming in, and we do not know why.
Fabricated metal product manufacturing

  • Orders have been put on hold, and we are not receiving any new [purchase orders] since Aug. 15 on open RFQ's [requests for quotation].
Food manufacturing

  • Political and interest rate instability are killing us. We are fortunate that our raw ingredients are stable by price and supply chain availability. The non-profit food relief "business" is a train wreck.
  • We are still concerned over employment and labor issues.
  • Furniture and related product manufacturing
  • We are seeing demand decline.
Machinery manufacturing

  • We see the oil industry slowing and are more hesitant to invest in their business. We believe that the uncertainty of government decisions is affecting their business decisions, which in turn will affect our business.
  • We should have our best month of the year in September. Orders are strong, plus we are working on some good new projects.
  • Relief! Rates are easing, finally. Tariffs are of little consequence. Labor is steady. We might even turn a profit by year-end!
Nonmetallic mineral product manufacturing

  • After careful evaluation of prevailing economic conditions, including the current level of interest rates and unpredictability of tariffs, our company continues to hold and not proceed upon our expansion plans. The cost of financing at existing rates has materially impacted the feasibility of these projects, and we believe it is prudent to delay implementation until interest rates are reduced to more sustainable and affordable levels.. We remain committed to our operations in Texas and to continued long-term growth. However, further expansion (building addition, inventory expansion, capital equipment acquisition) will be contingent upon a more favorable borrowing environment that supports capital investment and job creation.
  • The interest rates for mortgages are keeping potential new homeowners out of the market. Homebuilders do not want to build up excess inventory, and therefore our business of producing materials for homebuilders has dropped off significantly. In addition, roughly 30 percent of buyers are falling out of the homebuying process due to inability to qualify for mortgages (credit card debt).
Paper manufacturing

  • We are still neutral on our current status, but incoming orders are trending down when this time of year they should be up. A few tariff surcharges are starting to show up, but not enough to try to pass along. Competition in the packaging industry has prices declining somewhat.
Printing and related support activities

  • We need interest rates to fall more than a quarter percentage point.
  • Incoming orders have definitely slowed way down, and all we can attribute it to is the crazy tariff-induced environment we are living in. Instead of Washington, D.C. policies increasing business and making it better, they seem to be adding way too much uncertainty and making things worse. We have continued to be busy because of robust incoming orders earlier in the summer. If things don't change quickly, we may soon be looking at reducing hours and possibly cutting back on the number of employees, which will be a shame given how hard it is to get good workers up to speed with your manufacturing processes.
Transportation equipment manufacturing

  • The trucking industry has now reduced its production forecast for 2026 to essentially be flat with 2025. This remains at a depressed level versus industry averages.
Source: Dallas Fed
 
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