Podcasts about usmca

Stocks hold steady as tariff uncertainty continues. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains how policy deferrals, earnings resilience and forward guidance are driving the market.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast I'll be discussing why stocks remain so resilient. It's Monday, July 14th at 11:30am in New York. So, let's get after it. Why has the equity market been resilient in the face of new tariff announcements? Well first, the import cost exposure for S&P 500 industries is more limited given the deferrals and exemptions still in place like the USMCA compliant imports from Mexico. Second, the higher tariff rates recently announced on several trading partners are generally not perceived to be the final rates as negotiations progress. I continue to believe these tariffs will ultimately end up looking like a 10 percent consumption tax on imports that generate significant revenue for the Treasury. And finally, many companies pre-stocked inventory before the tariffs were levied and so the higher priced goods have not yet flowed through the cost of goods sold. Furthermore, with the market's tariffs concerns having peaked in early April, the market is looking forward and focused on the data it can measure. On that score, the dramatic v-shaped rebound in earnings revisions breadth for the S&P 500 has been a fundamental tailwind that justifies the equity rally since April in the face of continued trade and macro uncertainty. This gauge is one of our favorites for predicting equity prices and it troughed at -25 percent in mid-April. It's now at +3 percent. The sectors with the most positive earnings revisions breadth relative to the S&P 500 are Financials, Industrials and Software — three sectors we continue to recommend due to this dynamic. The other more recent development helping to support equities is the passage of the One Big Beautiful Bill. While this Bill does not provide incremental fiscal spending to support the economy or lower the statutory tax rate, it does lower the cash earnings tax rates for companies that spend heavily on both R&D and Capital Goods.Our Global Tax Team believes we could see cash tax rates fall from 20 percent today back toward the 13 percent level that existed before some of these benefits from the Tax Cuts and Jobs Act that expired in 2022. This benefit is also likely to jump start what has been an anemic capital spending cycle for corporate America, which could drive both higher GDP and revenue growth for the companies that provide the type of equipment that falls under this category of spending. Meanwhile, the Foreign-Derived Intangible Income is a tax incentive that benefits U.S. companies earning income from foreign markets. It was designed to encourage companies to keep their intellectual property in the U.S. rather than moving it to countries with lower tax rates. This deduction was scheduled to decrease in 2026, which would have raised the effective tax rate by approximately 3 percent. That risk has been eliminated in the Big Beautiful Bill. Finally, the Digital Service Tax imposed on online companies that operate overseas may be reduced. Late last month, Canada announced that it would rescind its Digital Service Tax on the U.S. in anticipation of a mutually beneficial comprehensive trade arrangement with the U.S. This would be a major windfall for online companies and some see the potential for more countries, particularly in Europe, to follow Canada's lead as trade negotiations with the U.S. continue. Bottom line, while uncertainty around tariffs remains high, there are many other positive drivers for earnings growth over the next year that could more than offset any headwinds from these policies. This suggests the recent rally in stocks is justified and that investors may not be as complacent as some are fearing. Thanks for tuning in; I hope you found it informative and useful. Let us know what you think by leaving us a review. And if you find Thoughts on the Market worthwhile, tell a friend or colleague to try it out!

Watch The X22 Report On Video No videos found (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:17532056201798502,size:[0, 0],id:"ld-9437-3289"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");pt> Click On Picture To See Larger PictureThe fake news/[DS] trying to push the flooding as climate related. Lee Zeldin is going to release the climate modification program information. Trump places tariffs on more countries and adds addition 35% to Canada. The US has a surplus of billion, first time since 2005. Trump is pushing Powell to resign. The [DS] is in a panic. Trump and team lit a fire to flush out the enemy. The [DS] went along with the narrative and tried to push it further by pushing division. Trump can now see the board very clearly. The [DS] is afraid and its going to get worse. Trump is now shifting the Ukraine war to NATO and NATO is now paying for the weapons. Putin is assisting with the nuke deals with Iran. Trump and team are getting ready to unleash an investigation into the [DS], but first needed to prepare for it by flushing out the enemy.   Economy https://twitter.com/ChrisMartzWX/status/1943401373573234785  flood every year, assuming stationarity. Some years, there will be higher numbers, while in others, there will be fewer. So, yes, there can in fact be several “1-in-1,000-year” floods in the U.S. each year, and it doesn't tell us anything useful about long-term trends. That statistic does not apply to the entire nation uniformly. https://twitter.com/charliekirk11/status/1943353867833373054 https://twitter.com/TrumpWarRoom/status/1943743869989843326 (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:18510697282300316,size:[0, 0],id:"ld-8599-9832"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="https://cdn2.decide.dev/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs");  President Trump Announces 35 Percent Baseline Tariff for Canadian Goods Not Covered Under USMCA President Donald Trump has announced a 35% baseline tariff rate for Canada on all imported goods not currently covered under the soon-to-expire USMCA trade agreement. “Instead of working with the United States, Canada retaliated with its own Tariffs,” President Trump shared on Truth Social. “Starting August 1, 2025, we will charge Canada a Tariff of 35% on Canadian products sent into the United States, separate from all Sectoral Tariffs.” [LINK]   During the oval office meeting President Trump said, “as you know [USMCA] terminates fairly shortly. It gets renegotiated fairly shortly.” Then the biggest statement, “this was a transitional deal, and we'll see what happens, we're going to start renegotiating that”… “I don't know if it serves a purpose anymore.”  …. “And the biggest purpose it served was, we got rid of NAFTA.”  President Trump is going to exit the trilateral USMCA in favor of two distinctly different bilateral trade agreements between the U.S and Mexico; and the U.S and Canada.  The only consideration now is the timing.  President Trump is 100% focused on the BIG ECONOMIC PICTURE; it's not about the politics, it's all about the economics.   Source: theconservativetreehouse.com Trump Advises Countries to Make a Deal as Tariff Deadline Looms: ‘Keep Working; It's All Going to Work Out' The tariffs on various countries announced this week include: Algeria: 30 percent tariff Bangladesh: 35 percent tariff Bosnia and Herzegovin: 30 percent tariff Brazil: 50 percent tariff Brunei: 25 percent tariff Cambodia: 36 percent tariff Canada: 35 percent tariff Indonesia: 32 percent tariff Iraq: 30 percent tariff

Today, we're looking at President Trump's latest threat to Canada, sending a letter warning of 35% tariffs goods that are non-compliant with the existing USMCA trade deal. Plus, we'll look at Prime Minister Mark Carney and B.C. Premier David Eby's response to the latest tariff threat and what might come next in negotiations. And finally, a leaked email from the RCMP shows the federal police force could be facing budget cuts amid rising crime across Canada.

S&P futures are pointing to a lower open today, down (0.6%). European equity markets also opened in the red, with the major indices roughly down by (0.5%). Asian markets traded mixed with Greater China markets outperforming. The Hang Seng surged +1.8%, boosted by gains in consumer-oriented and property stocks, while the Shanghai Composite hit a 3.5-year high. President Trump announced a 35% tariff on Canadian goods not covered by the USMCA, effective 1-Aug, increasing from the current 25%. Energy-related goods remain at a 10% tariff. Trump hinted at potential baseline tariffs of 15 to 20%, up from the current 10%, and suggested similar measures might target the EU soon. Companies Mentioned: Google, Boyd Gaming, Panasonic

US President Trump announced a 35% tariff for Canada and flagged a potential 20% blanket tariffs for other countries; US is set to keep the tariff exemption for USMCA goods, according to a US official.Brazil's President Lula said the main thing is the reciprocity law, and if US charges 50%, they will charge him 50%.US President Trump noted the EU will receive a letter notifying them of new tariff rates by Friday.APAC stocks were ultimately mixed; European equity futures indicate a lower cash market open with Euro Stoxx 50 futures down 0.2% after the cash market finished with losses of 0.1%.Looking ahead, highlights include German WPI, UK GDP Estimate, Canadian Jobs, IEA OMR, Fitch on Germany, DBRS on Sweden, Speakers including ECB's Panetta & Cipollone.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

US President Trump announced a 35% tariff for Canada and flagged a potential 20% blanket tariff for other countries; US is set to keep the tariff exemption for USMCA goods, according to a US official.Trump also noted the EU will receive a letter by Friday. Ahead of this, European bourses are in the red with sectors (ex-energy, post-BP) following suit.Stateside, futures are lower into a docket headlined by potential trade developments, ES -0.6%.USD extends on its recent recovery, resilient to trade updates. DXY notched a 97.89 peak, G10s broadly under pressure with the JPY lagging.Fixed was lifted by the above updates, since pulled back and moved into the red, a pullback intensified by a hawkish interview with ECB's Schnabel.Choppy trade for crude awaiting developments on numerous in-play factors, precious metals glean from the risk tone while base peers are tarnished.Looking ahead, highlights include Canadian Jobs, Fitch on Germany, DBRS on Sweden, Speakers including ECB's Cipollone. Click for the Newsquawk Week Ahead.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

In this episode, Lewis Galvin (Lead Americas Analyst), along with colleagues Claire Brady (Principal Americas Analyst) and Azul Hidalgo Sola (Associate North America Analyst), delve into the first six months of President Donald Trump's administration. They discuss the implications of the One Big Beautiful Bill Act, Trump's trade and tariff policies, the USMCA negotiations, immigration enforcement, travel risks and the administration's relationship with universities and the judiciary. The episode provides a comprehensive analysis of how these interconnected issues may influence the political landscape leading up to the 2026 midterm elections. If you enjoyed the episode, please give us a like and subscribe for new episodes! You can also contact us with any questions or feedback: info@sibylline.co.uk  Follow us on Instagram: https://www.instagram.com/sibyllineltd/?hl=en  Follow us on LinkedIn: https://www.linkedin.com/company/sibylline-ltd/ For more information, visit our website: www.sibylline.co.uk #GeopoliticsPodcast #Podcast #Trump #OneBigBeautifulBill Music: Stock Media provided by @Boscorelli / Pond5

Farmers on both sides of the border are watching closely as Canada and the U.S. continue trade talks. With Canada backing off its digital services tax, some are asking: is supply management next? That's the system that controls how much milk, eggs and poultry Canadian farmers can produce and guarantees a set price for what they sell. We hear from a dairy farmer in New York who says U.S. producers still don't have the access they were promised under USMCA, and an egg farmer in B.C. who says supply management helped her farm survive. Plus, a food economist walks us through how the system works — and what might happen if it's put back on the table.

Trade negotiations with Canada are encountering sticking points due to some ag industry safeguards they have in place.

On this episode of FreightWaves Morning Minute, we delve into the ⁠U.S. Department of Transportation's (DOT) new initiatives⁠, including a nationwide audit of non-domiciled CDL holders, significant federal funding for truck parking, and the cancellation of the speed limiter mandate for heavy-duty trucks. These changes aim to prioritize American truck drivers and address long-standing industry concerns, as announced by Transportation Secretary Sean Duffy on FreightWaves' WHAT THE TRUCK?!? show. You can read more about these changes in the article "BREAKING: DOT will crack down on non-domiciled CDL holders - FreightWaves". ⁠DHL Express Canada has reinstated all services and resumed full operations⁠ after Unifor union workers ratified a new four-year contract. This agreement ends a nearly three-week strike/lockout and includes a 15.75% wage increase over four years, a new payment structure for independent drivers, and enhanced pension programs. Further details are available in the article "DHL Express Canada reinstates service after workers ratify labor deal - FreightWaves". A new report indicates that ⁠Mexico is well-positioned to benefit from President Trump's global tariff war⁠ and the ongoing trend of nearshoring. Most goods from Mexico qualify for tariff-free treatment under the USMCA, making it a reliable alternative for companies seeking to reduce exposure to trade friction and long lead times from overseas markets. Learn more in the report "Borderlands Mexico: Winner in global tariff war could be Mexico, report says - FreightWaves". Tune into FreightWaves TV for ⁠What the Truck?!?⁠ live at noon today, or catch the replay on SiriusXM channel 146. Don't forget to register for the upcoming ⁠Enterprise Fleet Summit on July 23rd⁠ and the ⁠Supply Chain AI Symposium on July 30th⁠ in Washington D.C.. Learn more about your ad choices. Visit megaphone.fm/adchoices

Welcome to another ROUNDUP! Brian Barber, a seasoned customs broker who reveals how businesses can navigate skyrocketing tariffs, AI-driven technologies, and evolving trade policies. Learn insider strategies for compliance, discover hidden opportunities in USMCA, and understand how technology is reshaping supply chain management. Connect with Brian Barber: https://www.linkedin.com/in/bebarber/  Key topics: Section 232 tariff increases Preparing for sudden regulatory shifts Role of AI and Importance of human oversight Understanding trade agreements (USMCA) Refund recovery services Engaging trusted advisory partners In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬ Recommended Resources: Check out these courses we offer here at GTC!

On this episode of FreightWaves Morning Minute, we delve into the U.S. Department of Transportation's (DOT) new initiatives, including a nationwide audit of non-domiciled CDL holders, significant federal funding for truck parking, and the cancellation of the speed limiter mandate for heavy-duty trucks. These changes aim to prioritize American truck drivers and address long-standing industry concerns, as announced by Transportation Secretary Sean Duffy on FreightWaves' WHAT THE TRUCK?!? show. You can read more about these changes in the article "BREAKING: DOT will crack down on non-domiciled CDL holders - FreightWaves". DHL Express Canada has reinstated all services and resumed full operations after Unifor union workers ratified a new four-year contract. This agreement ends a nearly three-week strike/lockout and includes a 15.75% wage increase over four years, a new payment structure for independent drivers, and enhanced pension programs. Further details are available in the article "DHL Express Canada reinstates service after workers ratify labor deal - FreightWaves". A new report indicates that Mexico is well-positioned to benefit from President Trump's global tariff war and the ongoing trend of nearshoring. Most goods from Mexico qualify for tariff-free treatment under the USMCA, making it a reliable alternative for companies seeking to reduce exposure to trade friction and long lead times from overseas markets. Learn more in the report "Borderlands Mexico: Winner in global tariff war could be Mexico, report says - FreightWaves". Tune into FreightWaves TV for What the Truck?!? live at noon today, or catch the replay on SiriusXM channel 146. Don't forget to register for the upcoming Enterprise Fleet Summit on July 23rd and the Supply Chain AI Symposium on July 30th in Washington D.C.. Learn more about your ad choices. Visit megaphone.fm/adchoices

Visit Y Street Capital to learn more about our projects. The conventional wisdom is that when the value of a country'scurrency falls relative to its trading partners, its exports become more competitive in the global market. It's no secret that the Trump Administration is aiming to bring more manufacturing back to the United States.Global flows of capital have changed since the start of the year. While the administration wishes to bring increasing levels of capital investment to the United States many of the policies are in fact having the opposite effect. President Trump has stated publicly that he wishes the US dollar to fall compared with other currencies including the Japanese Yen, the Euro, the Chinese Yuan and the Canadian Dollar.An increasing number of investors are looking for a safe haven for their capital. The US dollar has fallen by 10% since the beginning of the year against most of the major currencies. Indications are that it is forecast to fall even further when measured against other major currencies. We think that real estate investments in Canada represent a better risk adjusted proposition right now. This is based on the following observations:1) The slowdown in new construction that we have seen across the US is also present in Canada. This means that labor rates in Canada for new construction have moderated and we are seeing extremely competitive bids for new work. 2) Immigration to the US is down significantly since the start of the year and demand for new housing will decline as a result. The US has pretty much closed the door refugee claimants. This includes countries like Afghanistan where many US allies are stranded and have no path to enter the US. 3) Immigration to Canada remains in extremely high demand. The Canadian government has reduced its immigration targets slightly, but the numbers remain extremely high especially when compared to the US as a percentage of the population. 4) Interest rates in Canada are much lower for borrowing. The 5 year Canada mortgage bond is trading around 3.1% which means that a new construction and permanent financing loan could price below 4%. Rates are not that low in the US. 5) Canada is not waging a trade war against the rest of the world. While prices for certain construction commodities like electrical equipment and air conditioners will certainly be impacted by tariffs in the US, we are not seeing the same impact in Canada. Many manufacturers have operations in North America including Mexico. These goods can flow into Canada free of any tariffs under USMCA. 6) Even with new apartment supply having entered the market, vacancy rates in most Canadian cities are far below comparable US markets. 7) If the US dollar falls further as we see the Trump administration wishing, then any investment outside the US goes up in value on a relative basis. Investing is not the same as speculating on foreign exchange rates. That alone should not be a reason for investing outside the US. It's just one of many factors to consider when looking at aggregate probabilities.When we put all of these factors together, we see a compelling case for investing in Canada, even for US investors. ---------------**Real Estate Espresso Podcast:** Spotify: [The Real Estate Espresso Podcast](https://open.spotify.com/show/3GvtwRmTq4r3es8cbw8jW0?si=c75ea506a6694ef1)   iTunes: [The Real Estate Espresso Podcast](https://podcasts.apple.com/ca/podcast/the-real-estate-espresso-podcast/id1340482613)   Website: [www.victorjm.com](http://www.victorjm.com)   LinkedIn: [Victor Menasce](http://www.linkedin.com/in/vmenasce)   Facebook: [www.facebook.com/realestateespresso](http://www.facebook.com/realestateespresso)   Email: [podcast@victorjm.com](mailto:podcast@victorjm.com)  Facebook: [www.facebook.com/YStreetCapital](https://www.facebook.com/YStreetCapital)  

Our guest on this week's episode is Jorge Gonzalez Henrichsen, co-CEO of The Nearshore Company. It's now been five years since the USMCA trade agreement was negotiated between the Mexico, Canada, and the United States, replacing NAFTA. In this current time of trade friction, including new tariffs on both Mexico and Canada, what's still working with USMCA and what's next for the trade alliance? Our guest offers some insights.There is an ongoing shortage of air traffic controllers in our nation. Recently a new study was delivered to Congress that showed the FAA hired only two-thirds of the air traffic controllers called for by its staffing models. By fiscal year 2024, nearly a third of air traffic control facilities had fallen 10% below model standards and about 22% had fallen 15% below. We discuss why there is a lack of air traffic controllers and what can be done to assure safety in the skies. Despite widespread adoption of digital tools and automation technologies, marine terminals around the world face persistent challenges with issues such as data connectivity, system integration, and real-time visibility. New research shows that there are lots of opportunities for real-time, automated data connectivity across terminals. It seems that many terminals have made big technology investments, and the next step is to ensure that their systems connect and all work together.Supply Chain Xchange  also offers a podcast series called Supply Chain in the Fast Lane.  It is co-produced with the Council of Supply Chain Management Professionals. All episodes are available to stream now. Go to your favorite podcast platform to subscribe and to listen to past and future episodes. The podcast is also available at www.thescxchange.com.Articles and resources mentioned in this episode:The Nearshore CompanyReport: Congress should fund FAA to boost air traffic control workforceMarine Terminals need connectivity solutionsVisit Supply Chain XchangeListen to CSCMP and Supply Chain Xchange's Supply Chain in the Fast Lane podcastSend feedback about this podcast to podcast@agilebme.comPodcast is sponsored by: Storage SolutionsOther linksAbout DC VELOCITYSubscribe to DC VELOCITYSign up for our FREE newslettersAdvertise with DC VELOCITY

Mark Carney, speaking to the press from Parliament Hill, about measures to protect Canadian steel and aluminium industries. Donald Trump has escalated the ridiculous and illegal tariffs to be placed on Canadian steel products. One of the issues is, is that most of the North American aluminium mines exist in Canadian territories. So, Donald Trump claims that he doesn't need aluminium from Canada, that America has its aluminium. Well, that's not exactly true. He does need Canadian aluminium steel products, so Mr. Carney is announcing some measures to protect those products, to protect those industries from the tariffs and help keep all of those, all of those workers with jobs, and help keep them, keep the industry moving smoothly. Okay, so Mr. Carney is also joined by the ministers of finance and the Minister of Industry as well as the Minister of Intergovernmental Affairs, as he makes his announcement about protecting the steel and aluminium for Canada. This is also coming just a couple days after the end of the G7 summit in Alberta, if we also remember correctly, when there were some announcements about Iran and Israel and Mr. Trump left the talks early before think Mr. Carney and him could have some serious considerations about what it is they're going to talk about to find a really good financial path and trade deal for both the United States and Canada. Mr. Carney also said in an interview at the end of the G7 summit that there was an active and valid trade deal between the US and Canada with the USMCA. Human Rights Commission and inquiries into what is going on with the list, with the judicial end of holding people accountable for war crimes And and for withdrawing humanitarian aid and trying to starve people until they die off, limiting and and stealing, stealing and destruction of cultural items that would help future generations identify with being Palestinian. Military units can be held accountable. That individuals can also be held accountable for crimes against humanity and war crimes, for example, they're going to discuss this a little bit further, where Israeli citizens were held as hostages by The Hamas constitutes a war crimes and crimes against humanity. And with all that being said, they want to hold each individual accountable for their crimes. They are also discussion about some of the people that have been arrested, and they don't even know how many people Israel is holding accountable for such crimes because there hasn't been any due process put forth to or trials to put forth to figure out the evidence of Each individual as they had a part in the holding of Israeli hostage citizens hostage during the during that time period from It was almost two years, along with that, there they they have named individual units. They could be held accountable for the destruction of civilian sites in Gaza by the Israeli Defense Forces there, there, when they talk about accountability, want to make sure that people understand that not only could your military unit be held responsible, but you could be held responsible in certain acts, and they want to make sure that for these war crimes, that people are held responsible and that they do suffer some some consequences, and not just some military in some cases, some military tribunals have been held, and Israel has swept the results of those under the rug, rather than making it evident what the consequences were to soldiers who have committed such war crimes, or they have done things violence against women and civilians, or with withdrawing of humanitarian aid, such as food and clean water, they so this commission was to make sure that that these, these people who who commit these acts, are treated and shown to be criminals in a humanitarian way. So we're going to hear about that in this next episode. And we're going to also hear about from the United Nations press floor about ongoing military actions between Iran and Israel, as well as some other things that have come up between Palestine and Israel again, more recent actions and what the United Nations themselves are trying to do to push forward with humanitarian effort so that all parties have their rights supported, and all parties are acting within the rules of international law. Become a supporter of this podcast: https://www.spreaker.com/podcast/policy-and-rights--3339563/support.

PREVIEW: Colleague Mary Anastasia O'Grady of WSJ reports that Canada and Mexico look to the G7 for the beginning of resolution re trade in the 2026 USMCA agreement. More. 11900 KLONDIKE

In this episode of the National Land Podcast, host Mac Christian sits down with Dr. Scott Baier, Professor of Economics and Associate Dean of Research at Clemson University, to unpack the economic realities behind tariffs, global trade, and the growing U.S. national debt. We delve into how U.S.-China trade tensions, tariffs on Canada and Mexico, and the evolution of trade agreements like NAFTA to USMCA are influencing supply chains and U.S. manufacturing. Dr. Baier explains the real impact of tariffs on consumers, businesses, and jobs, and why many economists remain skeptical of their long-term benefits. The conversation also covers: How global supply chain risks are shifting post-COVID The legal challenges facing the presidential tariff authority The connection between federal deficits, debt, and entitlement programs What's driving the national debt, and what realistic solutions exist to reduce it Why Social Security and Medicare are central to the deficit conversation Whether offshoring is truly harming American manufacturing jobs Packed with insights and clear economic breakdowns, this episode is a must-listen for anyone following U.S. economic policy, global trade, or national fiscal health. Check out Doctor Scott Baier's Research!  Buy, Sell, Lease, or Auction Land

The recent court rulings on Trump-era tariffs could dramatically change your international trade strategy. Are you prepared for the latest legal twists? In this explosive episode of Simply Trade, host Lalo sits down with trade law expert Jason Kenner to unpack the complex legal challenges surrounding the Trump administration's controversial tariff policies. Dive into the intricate world of international trade law, constitutional challenges, and what these recent court decisions mean for businesses importing goods into the United States. Contact Jason: Email: jkenner@strtrade.com  Website: https://www.strtrade.com/professionals/jason-kenner  Key Highlights: Comprehensive Timeline of Tariff Developments - April 2: Initial universal tariff announcement - April 9: USMCA exemption clarifications - May 28: Landmark court ruling blocking most Trump-era tariffs Legal Insights: Court of International Trade (CIT) ruled most tariffs unauthorized under IEEPA Constitutional challenges focus on Congress's exclusive tariff-setting power Potential Supreme Court showdown looms Critical Takeaways for Importers: Current status: Temporary stay on tariffs in place Recommended actions: 1. Monitor liquidation processes 2. Prepare for potential refund opportunities 3. Consult trade law experts Expert Quote: "What we can't deal with is uncertainty. These orders and appeals are just throwing more uncertainty into the system." - Jason Kenner In the midst of all this chaos, education is your best ally. Access Exclusive Resources Here ⏬ Recommended Resources: Check out these courses we offer here at GTC!

US equities were higher for the week, gaining back some of the prior week's losses. A US federal court struck down the Trump administration's tariffs, including the 10% baseline tariff, the 20% incremental tariff on China, and the 25% tariff on non-USMCA-compliant imports from Mexico and Canada. However, a US federal appeals court subsequently allowed the tariffs to remain.

It's a jam-packed Friday edition of What's On Your Mind with Scott Hennen and co-host Kevin Flynn. Senator Kevin Cramer joins for the full hour for an open-line, no-topic-off-limits town hall. From Elon Musk's government exit and China trade tension, to bizarre boat license laws and rumors of angry Canadians, this one covers a lot of ground—and then some. Top Takeaways: Elon Musk wraps up his 130-day stint as a special government employee. He exits stage right, not out of conflict with Trump, but due to a time limit. DOGE.gov, Musk's efficiency watchdog team, claims to have deactivated over 500K unnecessary government credit cards and slashed 160 bloated contracts. Senator Cramer just returned from a meeting with Canada's new PM and says progress is possible—even after the 51st state comments stirred some northern tension. Listeners call in with everything from veterans' flags to personal conveyance rules for truckers. And Michelle Obama's comments about reproductive health? Let's just say Scott calls them “diabolical.” Standout Moments & Timestamps:⏱️ 0:00 – 1:00 | Scott sets the tone: Elon Musk, Senator Cramer, Royce White, and upcoming royalty owner convention in Bismarck.⏱️ 2:00 – 3:30 | The truth about Elon Musk's "exit" from government service—spoiler: it's statutory, not scandalous.⏱️ 4:10 – 5:50 | Trump's new Truth Social post: China's economic peril and deal betrayal.⏱️ 6:00 – 8:30 | Boat driver's license?! Minnesota's new youth boating law raises eyebrows.⏱️ 10:00 – 14:00 | Inside DOGE.gov: Half a million deactivated government credit cards and tens of millions in savings.⏱️ 21:00 – 23:00 | Scott busts the myth of angry Canadians slashing tires in Grand Forks.⏱️ 29:00 – 33:00 | Michelle Obama's comments spark a passionate monologue from Scott—"The least important thing a reproductive system does is create life"?⏱️ 42:00 – 50:00 | Senator Cramer joins: Full recap of his Canada trip, Carney vs. Trudeau, trade boulders, and 2026 USMCA review.⏱️ 51:00 – 53:00 | Veteran reports tattered flag & DEI overload at Fargo Vet Center.⏱️ 59:00 – 1:05:00 | Audience hammers Cramer on congressional wealth and stock trades—"Explain Nancy Pelosi's portfolio!"⏱️ 1:06:00 – 1:10:00 | North Dakota trucker calls in: FMCSA personal conveyance rule changes would hurt over-the-road drivers.⏱️ 1:17:00 – 1:28:00 | NARO President Cash Lund previews the June 18–19 North Dakota Royalty Owners Convention in Bismarck.

They say, “timing is everything.” This podcast comes to our listeners as Washington, DC, contemplates next moves on the US tariff front, including new tariffs on products key to the e-mobility sector. Birgit Matthiesen speaks with Antonio J. Rivera, who was live from The Battery Show South in Atlanta, Georgia, where he presented on uncertainty and tariffs, what they affect, at what rates, and their origins. Takeaways - Electric vehicles (EVs) and batteries are here to stay despite challenges and industry uncertainty. - Investment in EVs and battery manufacturing is ongoing despite policy uncertainties from Washington. - The United States-Mexico-Canada Agreement (USMCA) provides an opportunity for tariff cost relief. Understanding the USMCA product origin rules can make all the difference to a company's bottom line, including their suppliers and customers.

Under the new Commerce procedures for minimizing 25% duties subject to section 232 auto/parts tariffs, auto makers will face more complications. For more information, listen to today's Two Minutes in Trade. 

On April 24, 2025, we hosted the inaugural webinar of our “Binational Dialogues” series, titled “Mexico's Economy Today” and featuring José Antonio Meade Kuribreña. Meade offered an in-depth analysis of the current state of Mexico's economy, followed by a thoughtful conversation with Tony Payan, director of the Center for the U.S. and Mexico.  Meade is a Mexican politician, economist, lawyer, diplomat, and former presidential candidate. Between 2011 and 2017, he held several high-level Cabinet positions, including secretary of foreign affairs, secretary of social development, secretary of energy, and twice secretary of finance and public credit. He holds a Ph.D. in economics from Yale University, an economics degree from the Instituto Tecnológico Autónomo de México (ITAM), and a law degree from the Universidad Nacional Autónoma de México (UNAM). Featured guests: José Antonio Meade Kuribreña, Ph.D., https://www.weforum.org/people/jose-antonio-meade-kuribrena/ More about Tony Payan, Ph.D.: https://www.bakerinstitute.org/expert/tony-payan Follow Tony Payan on X (@PayanTony) and LinkedIn. You can follow @BakerInstitute and @BakerInstMexico on X, Instagram, LinkedIn, and YouTube. Learn more about our data-driven, nonpartisan policy research and analysis at bakerinstitute.org.    

*The chairman of the House Agriculture Committee defended farm safety net spending.  *Drought conditions are improving across parts of Texas.  *Congresswoman Monica De La Cruz is asking the U.S. Trade Representative to include the 1944 water treaty in the USMCA. *Memorial Day will kick off the summer grilling season.  *Cattle feeders in Texas are enjoying a period of economic strength.  *EPA has released a draft insecticide strategy.  *Temperatures are heating up on the Texas Southern Plains.  *A mare must produce good quality colostrum for the newborn foal to be healthy.  

Interview with Mark Selby, CEO of Canada NickelOur previous interview: https://www.cruxinvestor.com/posts/canada-nickel-tsxvcnc-crawford-project-advances-with-feed-completion-eyes-2025-construction-6791Recording date: 13th May 2025Canada Nickel Corporation (TSX: CNC) presents a compelling investment opportunity as it advances North America's most promising nickel project in the face of unprecedented government support and institutional capital returning to the mining sector. CEO Mark Selby's leadership has positioned the company to capitalize on what he describes as "the world's largest nickel sulfide district" in Timmins, Ontario, with the flagship Crawford project now approaching a construction decision after completing its FEED study and progressing through permitting.The company's innovative financing strategy has set it apart during challenging capital markets, executing its fourth successful bridge financing arrangement to avoid dilutive equity raises while maintaining project momentum. Recent financing totaling $39-40 million, including a groundbreaking partnership with TTN First Nation, demonstrates management's ability to access capital through non-traditional channels. This approach recognizes the fundamental shift in mining finance, where actively managed funds have "shrunk very dramatically over the last 15 years" and become concentrated in gold, copper, and silver.Political tailwinds have never been stronger for critical mineral projects in North America. The Trump administration's supply chain security focus, combined with Canada's new government under Carney promising to accelerate critical mineral development, creates multiple funding pathways for projects like Crawford. The Canadian government has established numerous funding programs worth billions, though deployment has been slow until now. With both governments prioritizing critical mineral security and upcoming USMCA renegotiations, Canada Nickel is positioned to benefit from what Selby describes as "monster bold steps forward" in government support.Unlike many nickel companies dependent solely on the EV market, Canada Nickel has strategically designed its operations for market flexibility. The company can direct 100% of production to the stainless steel and alloy markets, which continue to show strong growth (China's 300 series stainless production up 12% year-over-year), while maintaining optionality for EV sales through its Samsung SDI offtake agreement. This diversification provides crucial revenue stability as some automotive manufacturers, including Honda, reassess their EV timelines.Perhaps most significantly for near-term share price performance, generalist institutional investors are returning to mining after a decade-long absence. Selby reports that recent conferences included multiple meetings with generalist funds, representing a fundamental shift from resource-only investors. These funds see relative value in a sector trading at "5 and 10% of NPV" compared to broader markets at high multiples. When generalist capital moves from "0.05% of assets to 0.1% to 0.25%," it creates what Selby describes as "a tidal wave of capital."The company has outlined a comprehensive $3 billion funding package with multiple committed sources including $500 million from Export Development Canada, $600 million in refundable tax credits, $100 million from Samsung, and additional potential funding from European agencies and Canadian government programs. With permitting on track for year-end completion and detailed engineering advancing, Canada Nickel is positioned to make its final investment decision and benefit from first-mover advantage in one of the world's most promising nickel districts.For investors, Canada Nickel represents exposure to critical mineral supply chain security, innovative financing structures, and the convergence of government support with returning institutional interest—all while maintaining operational flexibility that provides downside protection in volatile markets.—View Canada Nickel's company profile: https://www.cruxinvestor.com/companies/canada-nickelSign up for Crux Investor: https://cruxinvestor.com

Bodyoid Horror: MIT's Trial Balloon to Grow Humans for Parts Unleashes Ethical Hell MIT floats a nightmare—grow “bodyoids” in labs for drugs, organs, maybe meat! No pain, no brains, they claim, but the transhumanist abyss yawns wide. Is this science or a soulless descent into Brave New World? Apple Readies “AI Agent Doctor” & Robotics is About to Have An “iPhone Moment”, Going Viral Apple's is nearing release of an AI agent to act as “doctor”, spy on your life, and dox you to whoever pays them.  But that's just the start: AI agents and humanoid robots are exploding onto the scene, with NVIDIA's CEO predicting streets swarming with bots by 2030 and the CEO of Figure says the 3 necessary tech hurdles to enable the trillion-dollar bot boom are here. It's totalitarianism meets voyeuristic tech terror Autism Apocalypse: Vaccine Giants Fuel a Silent Epidemic Autism rates are skyrocketing, with a 17% surge in just two years—now hitting 1 in 31 kids! While Big Pharma pumps 76 shots into vulnerable children, they dodge blame, claiming “better diagnosis” and use measles fearmongering to distract us. It's a profit-driven plague, destroying a generation while silencing voices screaming for truth! AI's Soulless Secret Unveils Meaning of “Image of God” and the Dignity of Humans Bryan Trilli's explosive book, Soulless Intelligence: How AI Proves We Need God, reveals AI's fatal flaw.   Ironically, AI may teach us what being in the image of God means and why ALL humans have value regardless of differing degrees of intellectual and physical abilities AI Twins: Digital Clones as Personal Assistants or Something Family Can Interact with When Your Gone      A new wave of AI startups is crafting digital twins—eerie replicas that mimic your voice, thoughts, and actions, taking your meetings, answering emails, and even “comforting” loved ones after your death!      Are they trying to replicate Michael Keaton's Multiplicity or Marlon Brando's computer tutor for his son in Superman? Supreme Court Showdown: Parents Battle School Board's ‘Pagan Pedophilia' Curriculum Pushing LGBTQ Sex Stories on 3-Year-Olds       A Maryland school board's sinister plan to force pre-K kids as young as three into explicit LGBTQ-themed storybooks—like same-sex playground sex—has ignited a court challenge      The case exposes a chilling state takeover of children's minds, funded by your skyrocketing property taxes. First 100 Days: Trump says “I Run the Country and the World”      With 130 executive orders in under 100 days, he's bypassing Congress and the judiciary, claiming sweeping powers over trade, immigration, and speech.  He says he “runs the country” and he's talking about a third term.  What would George Washington say?       Is this the end of constitutional governance and the rise of an imperial presidency?        What will Democrats do with this kind of power? Trump's Medicine Madness: 5 Years Later History Rhymes      He shrugs, 'Take your medicine,' blaming 'stupid leaders' for jobs fleeing to Mexico and China. But wait—wasn't he the mastermind behind USMCA? It's flaming hypocrisy as his flip-flopping tariffs spark an 'earthquake' of hidden damage—broken markets, shattered foundations, and a $37 trillion debt he won't touch!       Meanwhile, The chaos & uncertainty are more damaging than his “medicinal” tariffs as he locks down the economy       Trump's ‘medicine', focused on countries not industries, are sanctions by another name—while the real enemy, government debt and control, lurks in the shadows Punishing Those Found “NOT GUILTY” is OK with US Courts In a shocking abuse of power, Illinois cops seized a plumbing company's truck after a drunk driver crashed into it—and they've held it for over 15 months without a warrant or explanation!      And, as stealing property without even charging people with a crime has become standard practice so has “acquitted-conduct sentencing” where judges ignore NOT GUILTY jury verdicts and punish people for conduct the jury has acquitted — and the Supreme Court allows it to continue! Trump Goes Full Knucklehead with MS-13 Tattoo Tantrum Over a Photoshopped Lie       Trump's unhinged meltdown over a crudely photoshopped MS-13 tattoo exposes not only his shocking ignorance but an administration cowed into sycophancy, afraid to tell him when he forgets to wear his pants.      His administration is ignoring REAL evidence of cartel activity by the individual in question and doubling down on fake evidence out of pride and a determination to never admit a mistake.  How typical.  How telling.  How amusing and dangerous at the same time. China's Rare Earth Stranglehold: A Wake-Up Call for America      China's iron grip on over 90% of the world's rare earth mineral processing threatens to cripple U.S. technology, healthcare, and defense industries overnight as China's ready to turn off the tap in a high-stakes trade war in response to Trump's tariffs.       Join Josh Ballard, CEO of USA Rare Earth (USARE.com, NASDAQ:USRE), as he exposes the strategic maneuvering that gave China its monopoly, and unveils a bold plan to rebuild America's supply chain from the ground up.       How long will it take, and what happens in the interim? Follow the show on Kick and watch live every weekday 9:00am EST – 12:00pm EST https://kick.com/davidknightshow Money should have intrinsic value AND transactional privacy: Go to https://davidknight.gold/ for great deals on physical gold/silver For 10% off Gerald Celente's prescient Trends Journal, go to https://trendsjournal.com/ and enter the code KNIGHT Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Become a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Shoot us a Text.Episode #1040: Today we're diving into a transatlantic tariff feud shaking up the luxury auto sector, a multistate lawsuit over EV charging funds, and why VW's nostalgic ID. Buzz just got benched. A new U.S.–U.K. trade deal that dramatically lowers tariffs on British auto exports is saving jobs at Jaguar Land Rover—but not without blowback. American automakers say the agreement favors British imports over North American-made vehicles, threatening jobs and supply chains at home.British auto exports to the U.S. will now face a 10% tariff—down from 27.5%—for up to 100,000 vehicles annually.Jaguar Land Rover, with 32% of its global sales in the U.S., has resumed exports and praised the deal for bringing certainty to the sector.The American Automotive Policy Council, representing GM, Ford, and Stellantis, condemned the deal, saying it undercuts USMCA-compliant vehicles made in Mexico or Canada.“This hurts American automakers, suppliers, and auto workers,” the Council said, warning the U.K. terms could set a damaging precedent for future trade deals.U.K. Prime Minister Keir Starmer defended the deal at a JLR plant, calling the tariff cut “hugely important to me,” while JLR CEO Adrian Mardell “warmly welcomed” the agreement.California and 16 other states are taking the Trump administration to court aiming to reinstate $5 billion intended for EV charger expansion across the U.S. The states say the funding is critical for innovation, climate goals, and job growth.The lawsuit challenges the Trump administration's February directive to halt $5 billion in EV charger construction authorized by the 2021 Infrastructure Act.States argue the move undermines efforts to reduce emissions and meet rising demand for clean transportation.California Governor Gavin Newsom slammed the decision as “another Trump gift to China,” saying it kills U.S. jobs and innovation.Volkswagen's nostalgia-fueled ID. Buzz is hitting a bump in the road. A pair of recalls—including one over a missing seatbelt in the back row—has sidelined sales of the electric van that was meant to channel the spirit of the 1960s.VW is recalling about 5,600 ID. Buzz EVs because U.S. regulators say its third-row bench is wide enough for three passengers—but has only two seatbelts.The fix? VW will install unpadded trim to reduce the perceived seat width and stay within safety rules.A second recall involves the emergency brake warning light, which shows amber instead of the federally required red.Dealers have been ordered not to sell any affected ID. Buzz units until the repairs are made.“It really took the wind out of my breJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

It's May 8th. Do you know where your tariff is? When the tariff winds shift, the Jacoby team is there to help you steer your strategy. Tune in to the latest episode of The Milk Check with special guest Will Loux from the U.S. Dairy Export Council, as we cover: Tariff tensions – How will ongoing trade talks between the U.S. and China impact dairy exports? Shifting trade strategies – How are global buyers adjusting to new tariff realities, and where does the U.S. stand in this complex landscape? Innovation and adaptation – What moves should U.S. producers and buyers make to adapt and thrive amidst tariff uncertainty? Don't miss this conversation as we explore how tariffs are reshaping the dairy trade and what the future holds for U.S. dairy exports. Listen now to The Milk Check episode 77: Tariff talk with Will Loux from the U.S. Dairy Export Council Intro (with music): Welcome to The Milk Check, a podcast from TC Jacoby & Company where we share market insights and analysis with dairy farmers in mind. Ted Jacoby III: Welcome, everybody, to this week's version of The Milk Check. It is May 1st, 2025. Once again, we're going to revisit the topic of tariffs and international trade. And as everybody knows, it's a shifting landscape. We have a special guest today, Will Loux from the US Dairy Export Council. Will is Senior Vice President of Global Economic Affairs. Will, thanks for joining us today. Will Loux: Thanks for having me, Ted. Good to be on. Ted Jacoby, III: We also have some of our usual suspects. Mike Brown, VP of Dairy Market Intelligence, Miguel Aragon, our director of Latin America Cheese Sales, and Josh White, our VP of Dairy Ingredients, and Tristan Sellentrup. Thanks for joining us, guys. So Will, we're going to start in the obvious place. What is DC's attitude about everything that's going on in tariffs, especially with regards to dairy? Do you see anything changing anytime soon? Is there anything in the works? What's the landscape as you see it? Will Loux: There's a lot of uncertainty. We were talking about several different types of tariffs that are effectively going on because we have our bilateral relationship with China where we have very high tariffs both for products coming into the US and China has very high tariffs for our dairy products going out, but we also have the 10% universal tariff. We have the steel and aluminum tariff. We have the USMCA question marks between Canada, Mexico, everything else. So right, now I would say there's about four different tariff balls being juggled all at once. And as far as where we're going in DC, I think that's anyone's guess where obviously within national milk and the Export Council, very hard at work these days. Very grateful. Jaime and Shauna and Tony Rice on our trade policy team get to live this every day while I get to check out, I guess, what's happening in the markets. Ted Jacoby, III: There's been rumors that China and the US are talking and they're trying to work out some things that could lower those tariffs. What are you hearing? Will Loux: Good question. Right now, at least what we've heard is there are talks, at least attempting to. I don't know how far along these talks have gotten. When we look at the tariffs between the US and China right now, there probably needs to be some sort of path to de-escalation, but this is also something that when we had the first round of retaliatory tariffs between US and China, that lasted 18 months. So I personally don't necessarily expect this to change overnight. That would surprise me. There are a lot of things that would surprise me these days in DC, but I would expect this to be in for the long haul. Whether it stays at 125%, I don't know, but at the same time finding an off ramp for what seems to be at least somewhat of a strategy towards decoupling the US and China in a lot of ways continues to be at least very much forefront and li...

Join our Mailing List - https://www.mapitforward.coffee/mailinglist"Introduction to Regenerative Coffee Farming" is now available On-Demand for as little as $10 - https://mapitforward.coffee/workshops"Biochar for Coffee" is open for pre-registration - https://mapitforward.coffee/workshops"It's Time to Become a Coffee Consultant" is available now with additional new bonus material, including the coffee consultant career map. Get more details on how you can create an alternative revenue stream today at https://mapitforward.coffee/workshopsLooking for business advisors or consultants for your business? Get in touch with us here: support@mapitforward.org••••••••••••••••••••••••••••••••This is the 1st episode in a 5-part series with Mollie Sitkowski, Partner at Faegre Drinker. Mollie specializes in Trade Compliance and is based in Chicago.In this series, Mollie and host Lee Safar focus on the impact of Trump's tariffs on the global coffee supply chain.Please note that all the information in this series is purely the opinions of Mollie Sitkowski and Lee Safar and should not constitute legal and business advice.The 5 episodes in this series are:1. Understanding Trump's Tariffs - https://youtu.be/Il1OERDKpjw2. Impact of Tariffs on US Importers - https://youtu.be/jH_lgNewNlU3. Impact of Tariffs On Exports To The US - https://youtu.be/1lJRb1aRwAQ4. Impact of Tariffs On US Consumers - https://youtu.be/cAkKR_efGR05. How Can We Mitigate The Impact of Tariffs - https://youtu.be/-xH6jzKSu8wIn this episode of The Daily Coffee Pro by Map It Forward, host Lee Safar welcomes Mollie Sitkowski, Trade Compliance Partner at Faegre Drinker, to discuss the complexities of tariffs under the Trump administration and their implications for the global coffee industry. They delve into the impact of Trump's tariffs on the global coffee industry. Mollie provides an in-depth explanation of the current tariffs, including how they affect coffee and related products, their origins, and the specifics of reciprocal tariffs under the USMCA agreement. This episode lays the groundwork for understanding how these tariffs impact small, medium, and large businesses, both domestic and international, as well as consumers. Join us as we explore the detailed implications of tariffs on the coffee supply chain and what businesses can do to mitigate these effects.00:00 Introduction and Podcast Support01:09 Welcome and Guest Introduction01:59 Understanding Trump's Tariffs02:30 Faegre Drinker and Trade Compliance04:32 Impact on the Coffee Industry06:34 Specific Tariff Details15:54 Legal Advice Disclaimer16:27 Tariffs on Coffee Imports18:24 Series Overview and ConclusionReferences in this series:1. CSMS page for CBP2. The Federal Register3. https://www.whitehouse.gov/Contact Mollie Sitkowski:• https://www.linkedin.com/in/molliesitkowski/• https://www.faegredrinker.com/en/professionals/s/sitkowski-mollie-d#tab-Overview••••••••••••••••••••••••••••••••Connect with Map It Forward here: Website | Instagram | Mailinglist

Join our Mailing List - https://www.mapitforward.coffee/mailinglist"Introduction to Regenerative Coffee Farming" is now available On-Demand for as little as $10 - https://mapitforward.coffee/workshops"Biochar for Coffee" is open for pre-registration - https://mapitforward.coffee/workshops"It's Time to Become a Coffee Consultant" is available now with additional new bonus material, including the coffee consultant career map. Get more details on how you can create an alternative revenue stream today at https://mapitforward.coffee/workshopsLooking for business advisors or consultants for your business? Get in touch with us here: support@mapitforward.org••••••••••••••••••••••••••••••••This is the 1st episode in a 5-part series with Mollie Sitkowski, Partner at Faegre Drinker. Mollie specializes in Trade Compliance and is based in Chicago.In this series, Mollie and host Lee Safar focus on the impact of Trump's tariffs on the global coffee supply chain.Please note that all the information in this series is purely the opinions of Mollie Sitkowski and Lee Safar and should not constitute legal and business advice.The 5 episodes in this series are:1. Understanding Trump's Tariffs - https://youtu.be/Il1OERDKpjw2. Impact of Tariffs on US Importers - https://youtu.be/jH_lgNewNlU3. Impact of Tariffs On Exports To The US - https://youtu.be/1lJRb1aRwAQ4. Impact of Tariffs On US Consumers - https://youtu.be/cAkKR_efGR05. How Can We Mitigate The Impact of Tariffs - https://youtu.be/-xH6jzKSu8wIn this episode of The Daily Coffee Pro by Map It Forward, host Lee Safar welcomes Mollie Sitkowski, Trade Compliance Partner at Faegre Drinker, to discuss the complexities of tariffs under the Trump administration and their implications for the global coffee industry. They delve into the impact of Trump's tariffs on the global coffee industry. Mollie provides an in-depth explanation of the current tariffs, including how they affect coffee and related products, their origins, and the specifics of reciprocal tariffs under the USMCA agreement. This episode lays the groundwork for understanding how these tariffs impact small, medium, and large businesses, both domestic and international, as well as consumers. Join us as we explore the detailed implications of tariffs on the coffee supply chain and what businesses can do to mitigate these effects.00:00 Introduction and Podcast Support01:09 Welcome and Guest Introduction01:59 Understanding Trump's Tariffs02:30 Faegre Drinker and Trade Compliance04:32 Impact on the Coffee Industry06:34 Specific Tariff Details15:54 Legal Advice Disclaimer16:27 Tariffs on Coffee Imports18:24 Series Overview and ConclusionReferences in this series:1. CSMS page for CBP2. The Federal Register3. https://www.whitehouse.gov/Contact Mollie Sitkowski:• https://www.linkedin.com/in/molliesitkowski/• https://www.faegredrinker.com/en/professionals/s/sitkowski-mollie-d#tab-Overview••••••••••••••••••••••••••••••••Connect with Map It Forward here: Website | Instagram | Mailing list

May 2025 might go down as the most pivotal month of Donald Trump's second presidency. The post-Liberation Day disruption gave him room to play the chaos card — but that only lasts so long. Now it's time to deliver. And according to what the White House is telling Congress behind closed doors, a lot is in motion. Sixty countries are either actively negotiating trade terms or exchanging paperwork with the administration. Congress is being told these deals won't require their approval, which Congress, for the record, does not agree with. But this is Trump we're talking about — when has he ever waited for a vote?Still, the big names you'd expect — China, Canada, Mexico — aren't in the mix. China's radio silent, Mexico and Canada are being folded into existing USMCA renegotiations. That leaves three countries reportedly close to a deal: the United Kingdom, Australia, and most importantly, India. India isn't just geopolitically important — it's the key to rewriting how America competes with China. A deal there could shift the entire narrative.Why India Matters More Than You ThinkIndia is the crown jewel of this effort. There's personal chemistry between Trump and Modi, which helps. JD Vance just visited India, and his family ties only reinforce the good vibes. But this isn't just a soft power thing. India offers cheap manufacturing, which Trump badly needs to offset Chinese trade disruption. If you're going to tell a story about reindustrializing America and cutting reliance on Beijing, India is where you start.There's also the intellectual property angle. India doesn't have the same IP hang-ups as China, which means Trump could insert protections into this deal and claim it as a model for future negotiations — including, eventually, with China. It's the kind of pivot that's both symbolic and real. Add in niche export wins — like bourbon or Harley-Davidsons, which have demand in India but face big trade hurdles — and suddenly you've got tangible proof of progress.Fast Deals, Reversible WinsHere's the catch: none of these deals are expected to go through Congress. They're handshake deals. That means they can be reversed at any moment — by Trump himself. And that's kind of the point. Trump wants to touch every single part of the negotiation. No detail moves without his approval. That gives him the power to declare victory on anything, even if the actual text doesn't amount to much.So the real question isn't whether Trump can get a deal. It's whether he can get one that's meaningful — and fast. Because right now, the administration needs wins. Not headlines. Not vibes. Wins. The stock market is shaky, the trade war with China is frozen, and the White House knows it's currently heading into the midterms with a record that still feels unsettled. India might be the win they've been waiting for. But if it doesn't land soon, the window to define this presidency might close a lot faster than anyone expects.Chapters00:00:00 - Intro00:00:15 - Tariff Negotiations00:10:11 - Worst State Party Draft, part one00:41:37 - Update00:42:36 - Mike Waltz Goes to the U.N.00:44:48 - Alien Enemies Act Ruling00:48:55 - Ukraine Mineral Deal00:51:55 - Worst State Party Draft, part two01:34:53 - Wrap-up This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.politicspoliticspolitics.com/subscribe

Shoot us a Text.Episode #1032: Today we break down Trump's new tariff offsets for U.S. automakers, GM's massive recall of its flagship V-8, and a heartwarming $50K donation from West Herr's CEO to support local youth.Show Notes with links:President Trump is throwing automakers a bit of a lifeline on tariffs—but it's not a free ride. His new executive orders are easing some of the pressure, but only if manufacturers meet some very specific conditions.Automakers who build vehicles in the U.S. can apply for a special reimbursement starting April 3, 2025.That reimbursement is worth 3.75% of the MSRP for the first year, dropping to 2.5% in year two.To qualify for the full break, at least 85% of the vehicle's parts have to be made in the U.S. or in a country covered by the USMCA.If a vehicle hits 50% U.S. content, the company will only pay tariffs on the remaining 35% instead of the full 50%.Parts themselves are also capped—companies can get reimbursed for components making up to 15% of a vehicle's value in year one, and 10% in year two.Vehicles and parts must be assembled in the U.S. to qualify, and a new system for applying is expected within 30 days.At a Detroit rally yesterday, President Trump said, “They took in parts from all over the world. I don't want that. I want them to make their parts here. We gave them a little bit of time before we slaughter them if they don't do this.”In news that hits close to home, General Motors has issued a voluntary recall of 721,000 6.2-liter V-8 engines due to potential engine seizure, affecting pickups and large SUVs built from March 2021 through May 2024.The issue stems from rod bearing damage caused by sediment and crankshafts with improper dimensions and surface finish.Faulty components were supplied by American Axle & Manufacturing and Questum Macimex.Dealers face backlog challenges as each engine swap takes over 22 hours and requires full replacement engines.GM says inspections will begin first; engines that pass will receive 0W-40 oil, a new filter, cap, and owner's manual update.“The safety and satisfaction of our customers are the highest priorities for the entire GM team,” said spokesman Bill Grotz.We'll end the show with a bright spot: During the Depew-Lancaster Boys & Girls Club's Spring Fundraiser, West Herr President/CEO Scott Bieler made a surprise $50,000 donation through his family foundation.The gift honored Bethanne Hollis, West Herr's VP of Variable Ops and a club board member.The donation helps offset major funding losses for the club this year.Funds will directly support local youth programs and services.“We are so lucky to have both of these amazing individuals leading the way,” West Herr statJoin Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.Get the Daily Push Back email at https://www.asotu.com/ JOIN the conversation on LinkedIn at: https://www.linkedin.com/company/asotu/

After declaring victory in yesterday's Canadian election, Prime Minister Mark Carney said the “old relationship” with the United States is over. Over the past few months, President Donald Trump's on-and-off tariffs and repeated annexation threats have caused Canadians to reconsider the United States as its leading trading partner and ally. But Patricia Goff, professor of political science at Wilfrid Laurier University, said the idea of disentangling the two economies is unrealistic. On the show today, Goff explains how Trump's tariffs and annexation threats influenced the Canadian election, how Canadian industries are navigating the trade war, and what this all could mean for the future of the U.S.-Mexico-Canada trade agreement.Plus, we'll hear a pitch for a new “Make Me Smart”-themed rear window sticker. And, what one psychologist got wrong about burnout. Here's everything we talked about today:"Trump knows exactly what he just triggered in Canada" from CBC News"Liberal Bruce Fanjoy topples Pierre Poilievre in Carleton" from CBC News"Canada-U.S. Relations Continue to Reach Lows Over Tariffs and Annexation Threats" from The New York Times"Mike Myers Is Ready to Defend Canada" from The New York Times"Canada says its friendship with the US is ‘over.' Now what?" From Politico "The future of the USMCA" from the Peterson Institute for International EconomicsWe want to hear your answer to the Make Me Smart question. Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureCanada elected Carney, this was expected. Now Canada is going to head in the opposite direction of the US, it will enter a recession. Trump trapped Canada into renegotiating the USMCA. Bessent reveals the plan to bring back manufactures and says that tariffs will replace income tax. The [DS] is losing ground every step of the way. The agencies are now being cleaned out, the FBI has now confirmed that those within the agency are being given a lie detector test. Trump has now shutdown the [DS] payment system making it much more difficult to launder money. The [DS] is almost out of power, when Trump has them so weak he will attack. The WH put out a message, flyeaglesfly which refers to Bill Clinton. Will the Clinton's be on the run in the end?   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/EndWokeness/status/1917044090094412224 Carney is moving forward with the green deal and the great reset, watch Canada implode.  How the NAFTA/USMCA 2025 Review Underpins President Trump Remarks on Canada Only President Trump could get the Canadians to vote for an exit to the USMCA, and he did it brilliantly. To understand President Trump's position on Canada, you have to go back to the 2016 election and President Trump's position on the NAFTA renegotiation.  If you did not follow the subsequent USMCA process, this might be the ah-ha moment you need to understand Trump's strategy. During the 2016 election President Trump repeatedly said he wanted to renegotiate NAFTA, the North American Free Trade Agreement.  Both Canada and Mexico were reluctant to open the trade agreement to revision, but ultimately President Trump had the authority and support from an election victory to do exactly that. In order to understand the issue, you must remember President Trump, Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer each agreed the NAFTA agreement was fraught with problems and was best addressed by scrapping it and creating two seperate bilateral trade agreements. One between the USA and Mexico, and one between the USA and Canada. In the decades that preceded the 2017 push to redo the trade pact, Canada had restructured their economy to: (1) align with progressive climate change; and (2) take advantage of the NAFTA loophole.  The Canadian government did not want to reengage in a new trade agreement. Canada has deindustrialized much of their manufacturing base to support the ‘environmental' aspirations of their progressive politicians.  Instead, Canada became an importer of component goods where companies then assembled those imports into finished products to enter the U.S. market without tariffs.  Working with Chinese manufacturing companies, Canada exploited the NAFTA loophole. Justin Trudeau was strongly against renegotiating NAFTA, and stated he and Chrystia Freeland would not support reopening the trade agreement.  President Trump didn't care about the position of Canada and was going forward.  Trudeau said he would not support it.  Trump focused on the first bilateral trade agreement with Mexico. When the U.S. and Mexico had agreed to terms of the new trade deal and 80% of the agreement was finished, representatives from the U.S. Chamber of Commerce informed Trudeau that his position was weak and if the U.S. and Mexico inked their deal, Canada would be shut out. The key points to remember are: (1) Trump, Ross and Lighthizer would prefer two separate bilateral trade agreements because the U.S. import/export dynamic was entirely different between Mexico and Canada.

After declaring victory in yesterday's Canadian election, Prime Minister Mark Carney said the “old relationship” with the United States is over. Over the past few months, President Donald Trump's on-and-off tariffs and repeated annexation threats have caused Canadians to reconsider the United States as its leading trading partner and ally. But Patricia Goff, professor of political science at Wilfrid Laurier University, said the idea of disentangling the two economies is unrealistic. On the show today, Goff explains how Trump's tariffs and annexation threats influenced the Canadian election, how Canadian industries are navigating the trade war, and what this all could mean for the future of the U.S.-Mexico-Canada trade agreement.Plus, we'll hear a pitch for a new “Make Me Smart”-themed rear window sticker. And, what one psychologist got wrong about burnout. Here's everything we talked about today:"Trump knows exactly what he just triggered in Canada" from CBC News"Liberal Bruce Fanjoy topples Pierre Poilievre in Carleton" from CBC News"Canada-U.S. Relations Continue to Reach Lows Over Tariffs and Annexation Threats" from The New York Times"Mike Myers Is Ready to Defend Canada" from The New York Times"Canada says its friendship with the US is ‘over.' Now what?" From Politico "The future of the USMCA" from the Peterson Institute for International EconomicsWe want to hear your answer to the Make Me Smart question. Email makemesmart@marketplace.org or leave us a voicemail at 508-U-B-SMART.

Justin Sherlock is the co-founder and CEO of Caspian, an AI-native duty drawback platform designed to help brands navigate complex global trade and tariff environments. Prior to Caspian, Justin gained deep experience in finance and logistics at Flexport, where he led Flexport Capital, and previously had several years experience in private equity.In this episode, Justin breaks down the rapidly changing landscape of tariffs, duties, and global supply chains—especially relevant amid recent policy moves and volatile trade relations. He explains what customs brokers, tariffs, and duty drawbacks are, why these concepts matter for brands importing and exporting goods, and how most businesses are missing out on significant duty refund opportunities. Justin also offers real-world insights for DTC operators facing escalating tariffs, discusses strategies for mitigating increased costs, and shares how AI is making advanced trade advisory accessible beyond just Fortune 500 companies.Join us as a Guest on DTC POD: SUBMIT GUEST FORM HEREApply to join our DTC Pod Slack.On this episode we coverRising tariffs and global trade dynamicsSupply chain challenges for DTC brandsRole and importance of customs brokersDuty drawback: process and benefitsImpact of US-China tariff escalationTechnology and AI in trade complianceStrategies for brands to navigate tariffsTimestamps03:59 From Flexport to Caspian09:31 Customs Compliance11:11 Understanding Tariff and Duty Classification15:54 Trump's Tariff Strategy: A Provocative Move18:26 Debate Over Section 321 Provision22:46 "Supply Chain Opportunities and Challenges"25:03 Reshoring Critical Industries Strategy28:04 10% Tariff Impact on US Businesses32:53 Optimizing Supply Chain and Vendor Management36:22 Trade Predictions: Japan, Taiwan, India, Vietnam37:52 Geopolitical Isolationism and China's Rise41:41 "Navigating Duty Drawback Challenges"45:07 International Pricing and Tax Strategies48:07 Future of Supply Chain OptimizationPast guests & brands on DTC Pod include Gilt, PopSugar, Glossier, MadeIN, Prose, Bala, P.volve, Ritual, Bite, Oura, Levels, General Mills, Mid Day Squares, Prose, Arrae, Olipop, Ghia, Rosaluna, Form, Uncle Studios & many more.  Additional episodes you might like:• #175 Ariel Vaisbort - How OLIPOP Runs Influencer, Community, & Affiliate Growth• #184 Jake Karls, Midday Squares - Turning Your Brand Into The Influencer With Content• #205 Kasey Stewart: Suckerz- - Powering Your Launch With 300 Million Organic Views• #219 JT Barnett: The TikTok Masterclass For Brands• #223 Lauren Kleinman: The PR & Affiliate Marketing Playbook• ​​​​#243 Kian Golzari - Source & Develop Products Like The World's Best Brands-----Have any questions about the show or topics you'd like us to explore further?Shoot us a DM; we'd love to hear from you.Want the weekly TL;DR of tips delivered to your mailbox?Check out our newsletter here.Projects the DTC Pod team is working on:DTCetc - all our favorite brands on the internetOlivea - the extra virgin olive oil & hydroxytyrosol supplementCastmagic - AI Workspace for ContentFollow us for content, clips, giveaways, & updates!DTCPod InstagramDTCPod TwitterDTCPod TikTokJustin Sherlock - Founder of CaspianBlaine Bolus - Co-Founder of Castmagic

Join the Investment Research Associate Alan Flanigan and Head of Public Policy Jason Cole for a status update on tariffs, trade and taxes. The team analyzes the post-Liberation Day path forward and what it means for investors. Jason and Alan provide expert analysis of the latest developments out of Washington D.C. and the implications for markets and the economy. Have a question for our experts? Text us for a chance to have your questions answered on the next episode.To watch the video version, go to https://www.youtube.com/@FSInvestments For more research insights go to FSInvestments.com https://bit.ly/m/fsinvestments

It was our privilege today to welcome the Honorable Jason Kenney, former Premier of Alberta, for a timely and insightful discussion on Canada's upcoming federal election (April 28). Jason holds 25 years of public service at both the federal and provincial level with wide-ranging policy and leadership experience. He served as the 18th Premier of Alberta from 2019 to 2022 and now serves as a Senior Advisor at Bennett Jones, in addition to holding several board positions. Prior to his time as Premier, Jason held several key federal cabinet roles, including Minister for Citizenship, Immigration and Multiculturalism, Minister of Employment and Social Development, Minister of National Defense, and Chair of the Cabinet Operations Committee. He was first elected a Member of Parliament in 1997 and was re-elected six times. We were thrilled to host Jason and learn from his unique perspectives on what the election means for energy, trade, and the U.S.-Canada relationship. In our conversation, Jason walked us through Canada's evolving political landscape and the two leading candidates: Pierre Poilievre of the Conservative Party and Mark Carney of the Liberal Party. He highlights key issues shaping the election including Trudeau's long tenure and declining popularity, Canada's weak per capita GDP growth, an overwhelmed immigration system, a doubling of housing costs, and issues of rising addiction and crime. Jason explains how Poilievre maintained a commanding 18-month lead in the polls until Trump's aggressive trade rhetoric reignited deep-rooted anxieties about Canadian sovereignty, prompting Trudeau's exit and opening the door for Carney to reframe the election around “Who can stand up to Trump?” while Poilievre continues to focus on affordability and change. We explore the role of minor parties in Canada's Parliamentary system, the unprecedented focus on energy and climate in Sunday's federal debate, expected policy outcomes depending on who wins, and the looming 2026 USMCA renegotiation. Jason shares his perspective on Canada's opportunity to grow LNG exports, the barriers posed by the Liberal government's zero-gas electricity rule and industrial carbon tax, and the potential for Alberta to become a hub for large-scale, gas-powered data centers given its cold climate and abundant stranded gas. We discuss Canadian electricity exports to the U.S., broader infrastructure challenges tied to electrification and economic growth, Canada's continued reliance on U.S. exports, and the growing sense that Canada's “holiday from history” is over. We also reflect on the emotional, historic and familial ties between the U.S. and Canada, the hope for reconciliation and renewed cooperation, and much more. It was a fascinating discussion. If you're interested in watching the energy and climate portion of Sunday night's Canadian Federal Leaders' debate, the 18-minute segment is linked here. Mike Bradley kicked off the discussion by highlighting President Trump's recent pressure on Fed Chairman Powell to immediately lower interest rates or risk getting fired. While global fear and uncertainty remains high, Mike noted that that it can and probably will be mitigated when Trump signs some high-profile tariff deals. In broader equity markets, the S&P Volatility Index remains pretty elevated, which was evident by the DJIA plunging by ~1,000 points on Monday and surging over 1,000 points on Tuesday! Investors are closely watching Tesla's Q1 earnings, with one analyst calling it a “Code Red” Moment, which could have broader market implications. He shared several bond, currency and equity market stats for Canada. From an energy equity reporting standpoint, Liberty Energy and Halliburton reported Q1 results, with both companies noting that E&Ps haven't decided to cut 2025 activity levels yet but are looking at a range of macroeconomic scenarios in anticipation of oil price

What happens when tariffs threaten to shut down cross-border trade? Join us for an insider's look at the real-world impact of international trade policies! Host Annik dives deep into the complex world of international trade with David Reyes Arteaga, a customs broker expert who reveals the intricate challenges facing importers and exporters in today's volatile global market. Key Insights: 1. Tariff Tsunami

Our analysts Michael Zezas and Erik Woodring discuss the ways tariffs are rewiring the tech hardware industry and how companies can mitigate the impact of the new U.S. trade policy.Read more insights from Morgan Stanley. ----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income and Public Policy Research.Erik Woodring: And I'm Erik Woodring, Head of the U.S. IT Hardware team.Michael Zezas: Today, we continue our tariff coverage with a closer look at the impact on tech hardware. Products such as your smartphone, computers, and other personal devices.It's Thursday, April 17th at 10am in New York.President Trump's reciprocal tariffs announcements, followed by a 90 day pause and exemptions have created a lot of turmoil in the tech hardware space. People started panic buying smartphones, worried about rising costs, only to find out that smartphones may or may not be exempted.As I pointed out on this podcast before, these tariffs are also significantly accelerating the transition to a multipolar world. This process was already well underway before President Trump's second term, but it's gathering steam as trade pressures escalate. Which is why I wanted to talk to you, Erik, given your expertise.In the multipolar world, IT hardware has followed a China+1 strategy. What is the strategy, and does it help mitigate the impact from tariffs?Erik Woodring: Historically, most IT hardware products have been manufactured in China. Starting in 2018, during the first Trump administration, there was an effort by my universe to diversify production outside of China to countries friendly with China – including Vietnam, Indonesia, Malaysia, India, and Thailand. This has ultimately helped to protect from some tariffs, but this does not make really any of these countries immune from tariffs given what was announced on April 2nd.Michael Zezas: And what do the current tariffs – recognizing, of course, that they could change – what do those current tariffs mean for device costs and the underlying stocks that you cover?Erik Woodring: In short, device costs are going up, and as it relates to my stocks, there's plenty of uncertainty. If I maybe dig one level deeper, when the first round of tariffs were announced on April 2nd, the cumulative cost that my companies were facing from tariffs was over $50 billion. The weighted average tariff rate was about 25 per cent. Today, after some incremental announcements and some exemptions, the ultimate cumulative tariff cost that my universe faces is about $7 billion. That is equivalent to an average tariff rate of about 7 per cent. And what that means is that device costs on average will go up about 5 per cent.Of course, there are some that won't be raised at all. There are some device costs that might go up by 20 to 30 per cent. But ultimately, we do expect prices to go up and as a result, that creates a lot of uncertainties with IT hardware stocks.Michael Zezas: Okay, so let's make this real for our listeners. Suppose they're buying a new device, a smartphone, or maybe a new laptop. How would these new tariffs affect the consumer price?Erik Woodring: Sure. Let's use the example of a smartphone. $1000 smartphone typically will be imported for a cost of maybe $500. In this current tariff regime, that would mean cost would go up about $50. So, $1000 smartphone would be $1,050.You could use the same equivalent for a laptop; and then on the enterprise side, you could use the equivalent of a server, an AI server, or storage – much more expensive. Meaning while the percentage increase in the cost will be the same, the ultimate dollar expense will go up significantly more.Michael Zezas: And so, what are some of the mitigation strategies that companies might be able to use to lessen the impact of tariffs?Erik Woodring: If we start in the short term, there's two primary mitigation strategies. One is pulling forward inventory and imports ahead of the tariff deadline to ultimately mitigate those tariff costs. The second one would be to share in the cost of these tariffs with your suppliers. For IT hardware, there's hundreds of suppliers and ultimately billions of dollars of incremental tariff costs can be somewhat shared amongst these hundreds of companies.Longer term, there are a few other mitigation strategies. First moving your production out of China or out of even some of these China+1 countries to more favorable tariff locations, perhaps such as Mexico. Many products which come from Mexico in my universe are exempted because of the USMCA compliance. So that is a kind of a medium-term strategy that my companies can use.Ultimately, the medium-term strategy that's going to be most popular is raising prices, as we talked about. But some of my companies will also leverage affordability tools to make the cost ultimately borne out over a longer period of time. Meaning today, if you buy a smartphone over two-year of an installment plan, they could extend this installment plan to three years. That means that your monthly cost will go down by 33 per cent, even if the price of your smartphone is rising.And then longer term, ultimately, the mitigation tool will be whether you decide to go and follow the process of onshoring. Or if you decide to continue to follow China+1 or nearshoring, but to a greater extent.Michael Zezas: Right. So, then what about onshoring – that is moving production capacity to the U.S.? Is this a realistic scenario for IT hardware companies?Erik Woodring: In reality, no. There is some small volume production of IT hardware projects that is done in the United States. But the majority of the IT hardware ecosystem outside of the United States has been done for a specific reason. And that is for decades, my companies have leveraged skilled workers, skilled in tooling expertise. And that has developed over time, that is extremely important. Tech CEOs have said that the reason hardware production has been concentrated in China is not about the cost of labor in the country, but instead about the number of skilled workers and the proximity of those skilled workers in one location. There's also the benefit of having a number of companies that can aggregate tens of thousands, if not hundreds of thousands of workers, in a specific factory space. That just makes it much more difficult to do in the United States. So, the headwinds to onshoring would be just the cost of building facilities in the United States. It would be finding the skilled labor. It would be finding resources available for building these facilities. It would also be the decision whether to use skilled labor or humanoids or robots.Longer term, I think the decision most of my companies will have to face is the cost and time of moving your supply chain, which will take longer than three years versus, you know, the current presidential term, which will last another, call it three and a half years.Michael Zezas: Okay. And so how does all of this impact demand for tech hardware, and what's your outlook for the industry in the second half of this year?Erik Woodring: There's two impacts that we're seeing right now. In some cases, more mission critical products are being pulled forward, meaning companies or consumers are going and buying their latest and greatest device because they're concerned about a future pricing increase.The other impact is going to be generally lower demand. What we're most concerned about is that a pull forward in the second quarter ultimately leads to weaker demand in the second half – because generally speaking, uncertainty, whether that's policy or macro more broadly, leads to more concerns with hardware spending and ultimately a lower level of spending. So any 2Q pull forward could mean an even weaker second half of the year.Michael Zezas: Alright, Erik, thanks for taking the time to talk.Erik Woodring: Great. Thanks for speaking, Mike.Michael Zezas: And thanks for listening. If you enjoy the podcast, please leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

This episode is sponsored by Lockton, click here to learn more Watch the full video on YouTube - click hereWhen Pat D'Eramo entered the auto industry four decades ago, leadership looked very different. Power meant control. Leaders gave orders, and people followed—or else. But even back then, Pat knew there had to be a better way.That mindset was reinforced early in his career, thanks to a unique experience at Saturn. Unlike the traditional plants of the time, Saturn was built on collaboration. And it showed Pat what leadership could look like when people are trusted, not micromanaged. One mentor in particular left a mark—showing Pat the value of coaching, not commanding.That experience shaped everything that followed.Now CEO of Martinrea International, Pat leads with that same belief: give people room to grow, back them up when things go wrong, and never punish someone for trying to do the right thing. He talks openly in this episode about moments where he could've fired someone—but chose not to. Because if they've learned from it, they come back stronger. And strong people build strong companies.That philosophy was put to the test during the toughest times: COVID shutdowns, supply chain breakdowns, EV delays, and now tariffs. Instead of reacting with fear, Pat leaned into the structure—clear goals, tight alignment, and regular check-ins across teams. That's how Martinrea stayed focused while the industry shifted around them.But Pat isn't just focused on one company. He's looking at the industry as a whole—and doesn't sugarcoat it. China's ahead. North America isn't ready to build a car from scratch. And government policy? It's a mess. But he offers a way forward: unified action across the USMCA, strategic investment, and—above all—a culture that supports innovation—not fear.But Pat isn't all business. Jan takes a moment to explore the personal side—his favorite bands, his go-to shows, and even his love for sci-fi audiobooks during long drives. It's a reminder that leadership isn't just what you do at work—it's how you carry yourself through everything.Themes discussed in this episode:Why empathetic leadership drives long-term success in automotiveCreating a culture where mistakes lead to growth, not terminationBuilding a resilient culture through crises like COVID, EV delays, and tariffsWhy treating people with respect is the foundation of organizational performanceNorth America's EV supply chain crisis and what's fueling the breakdownWhy North America can't build a car alone—and what needs to changeThe leadership traits needed to lead through uncertainty and drive transformation in the auto industry.Featured guest: Pat D'EramoWhat he does: Pat D'Eramo is the CEO of Martinrea International and a member of its Board of Directors. He brings over four decades of experience in the automotive industry, with deep expertise in metal forming and parts manufacturing. Before joining Martinrea, Pat served as President of Dana Corporation's Commercial Vehicle Technology group, where he led global operations across the Americas, Europe, India, Australia, and China. Since 2014, he has overseen Martinrea's global operations, including manufacturing, engineering, purchasing, logistics, sales, and business development—playing a key role in the company's continued growth and performance.Episode Highlights:[01:55] How I Lead: Pat...

Mexico has been purchasing about $3 billion of corn annually from farmers in the USA, the vast majority of that corn having been grown from genetically modified seeds. The Mexican government announced in 2020 that it would, in 2025, ban that GMO corn from the country, which was found to be in violation of the USMCA agreement of 2018. So now, the Mexican government has amended their constitution to identify native corn as an "element of national identity," which will ban GMO corn from being planted in the country – and "[a]ny other use of genetically modified corn must be evaluated ... to be free of threats to the biosecurity, health and biocultural heritage of Mexico and its population." What exactly does this all mean, for farmers in Mexico, for the environment in the Americas, and for the price of tacos? We try to suss it all out in this episode of Agave Road trip!Agave Road Trip is a critically acclaimed, award-winning podcast that helps gringx bartenders better understand agave, agave spirits, and rural Mexico. This episode is hosted by Lou Bank with special guest Dave Dyrek, retired farmer of Leaning Shed Farm, with quotes from Dr. Hector Ortiz of the Chicago Botanic Gardens and Chef Gustavo Romero of Oro by Nixta.Episode NotesWhen in Chicago, visit the Chicago Botanic Gardens! When in Minneapolis, grab a meal and a stack of tortillas at Oro by Nixta! When traveling back in time, head to the farmers market and visit Leaning Shed!“US wins ruling in a trade dispute with Mexico over its bid to ban genetically modified corn,” AP News, December 20, 2024“After trade dispute, Mexico officially bans the planting of GM corn,” Reuters, February 25, 2025“Don't mess with Mexico's maíz: Constitutional amendment to ban GMO corn seeds,” Los Angeles Times, March 13, 2025

Trump's Medicine Madness: 5 Years Later History Rhymes     He shrugs, 'Take your medicine,' blaming 'stupid leaders' for jobs fleeing to Mexico and China. But wait—wasn't he the mastermind behind USMCA? It's flaming hypocrisy as his flip-flopping tariffs spark an 'earthquake' of hidden damage—broken markets, shattered foundations, and a $37 trillion debt he won't touch!       Meanwhile, The chaos & uncertainty are more damaging than his “medicinal” tariffs as he locks down the economy       Trump's ‘medicine', focused on countries not industries, are sanctions by another name—while the real enemy, government debt and control, lurks in the shadows Trump's China War: Both Sides Escalate Sanctions Called “Tariffs"       Sanctions are piling up faster than a house of cards—54% here, 104% there—Trump is poking the Chinese dragon       From rare earth mineral shut down to supply chain chaos, this isn't just a trade spat—it's a trade war that could lead to a hot war. CDC Lies About Thimerosal & Autism Exposed    Sheryl Atkinson exposes the government's thimerosal fraud — YES, they knew it was connected to autism and other neurodegenerative diseases and NO, they did NOT stop it in 2001.    Meanwhile, RFKj shows he's perfectly suited to manage this gang of criminals as he ditches his own crusade to peddle MMR and push measles fear in Texas. Robot Horses, Unicorns, Dogs — But Humanoids Population Boom is Here to Replace YouRevealed at a Japanese trade show, a jaw-dropping, hydrogen-powered robotic horse straight out of a sci-fi blockbuster, promising to gallop over mountains with its four-legged, rubber-footed fury. Kawasaki may be trolling us with vapor-bot that's 25 yrs in the future but Tesla and a Chinese company are in competition to each roll out an army of humanoid robots this year. Trump Meme Coin Tanks as Stablecoin Plot Threatens Your Privacy & Liberty     Trump's meme coin's a $9 dumpster fire—88% gone in a tariff-triggered nosedive!     Maxine Waters smells the stablecoin grift, but misses the surveillance state jackpot. UK's BlackRock-backed “SovCorp” and America's “GovCorp” Govt & Corporate fusion of power into a fascist nightmare. Trump, Trudeau, Starmer—all puppets in a globalist merger of government and corporations! Stagflation Storm Brewing: Will Trump's Tariff Trigger the Shaky House of Cards Government Has Built?Dr. Jonathan Newman, Mises Institute Mises.org, on the fear of stagflation—a toxic mix of soaring prices and a crumbling economy From government overspending to the Fed's reckless money-printing, Newman rips the veil off the real culprits behind our shaky economy. And, how do we train the young on economics and critical thinking?  We look at Dr. Newman's books for children, “The Broken Window”, “Ludwig the Builder”, “What has the Government Done to Our Money?”, the last available for free at Mises.org/MyMoneyIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-david-knight-show--2653468/support.

Trump's Medicine Madness: 5 Years Later History Rhymes     He shrugs, 'Take your medicine,' blaming 'stupid leaders' for jobs fleeing to Mexico and China. But wait—wasn't he the mastermind behind USMCA? It's flaming hypocrisy as his flip-flopping tariffs spark an 'earthquake' of hidden damage—broken markets, shattered foundations, and a $37 trillion debt he won't touch!       Meanwhile, The chaos & uncertainty are more damaging than his “medicinal” tariffs as he locks down the economy       Trump's ‘medicine', focused on countries not industries, are sanctions by another name—while the real enemy, government debt and control, lurks in the shadows Trump's China War: Both Sides Escalate Sanctions Called “Tariffs"       Sanctions are piling up faster than a house of cards—54% here, 104% there—Trump is poking the Chinese dragon       From rare earth mineral shut down to supply chain chaos, this isn't just a trade spat—it's a trade war that could lead to a hot war. CDC Lies About Thimerosal & Autism Exposed    Sheryl Atkinson exposes the government's thimerosal fraud — YES, they knew it was connected to autism and other neurodegenerative diseases and NO, they did NOT stop it in 2001.    Meanwhile, RFKj shows he's perfectly suited to manage this gang of criminals as he ditches his own crusade to peddle MMR and push measles fear in Texas. Robot Horses, Unicorns, Dogs — But Humanoids Population Boom is Here to Replace YouRevealed at a Japanese trade show, a jaw-dropping, hydrogen-powered robotic horse straight out of a sci-fi blockbuster, promising to gallop over mountains with its four-legged, rubber-footed fury. Kawasaki may be trolling us with vapor-bot that's 25 yrs in the future but Tesla and a Chinese company are in competition to each roll out an army of humanoid robots this year. Trump Meme Coin Tanks as Stablecoin Plot Threatens Your Privacy & Liberty     Trump's meme coin's a $9 dumpster fire—88% gone in a tariff-triggered nosedive!     Maxine Waters smells the stablecoin grift, but misses the surveillance state jackpot. UK's BlackRock-backed “SovCorp” and America's “GovCorp” Govt & Corporate fusion of power into a fascist nightmare. Trump, Trudeau, Starmer—all puppets in a globalist merger of government and corporations! Stagflation Storm Brewing: Will Trump's Tariff Trigger the Shaky House of Cards Government Has Built?Dr. Jonathan Newman, Mises Institute Mises.org, on the fear of stagflation—a toxic mix of soaring prices and a crumbling economy From government overspending to the Fed's reckless money-printing, Newman rips the veil off the real culprits behind our shaky economy. And, how do we train the young on economics and critical thinking?  We look at Dr. Newman's books for children, “The Broken Window”, “Ludwig the Builder”, “What has the Government Done to Our Money?”, the last available for free at Mises.org/MyMoneyIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-show Or you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money should have intrinsic value AND transactional privacy: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHTFor 10% off supplements and books, go to RNCstore.com and enter the code KNIGHTBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-real-david-knight-show--5282736/support.

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 China Retaliates1:49 More Direct Payments are Coming7:08 Stock Market Crash11:11 Mexico Won't Retaliate13:52 Severe Storms17:48 Drought Monitor20:06 Export SalesFarm Aid Package: Potential for Direct Payments

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Tariffs and Lower Markets5:10 Historic Corn Belt Flooding8:07 Ethanol Production9:00 China Ship Sales Decline10:43 Flash SaleTrump's Trade War Escalates: New Tariffs Imposed

Policy questions and growth risks are likely to persist in the aftermath of the Trump administration's upcoming tariffs. Our CIO and Chief U.S. Equity Strategist Mike Wilson outlines how to seek investments that might mitigate the fallout.Read more insights from Morgan Stanley. ----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley's CIO and Chief U.S. Equity Strategist. Today on the podcast – our views on tariffs and the implications for equity markets. It's Monday, March 31st at 11:30am in New York. So let's get after it. Over the past few weeks, tariffs have moved front and center for equity investors. While the reciprocal tariff announcement expected on April 2nd should offer some incremental clarity on tariff rates and countries or products in scope, we view it as a maximalist starting point ahead of bilateral negotiations as opposed to a clearing event. This means policy uncertainty and growth risks are likely to persist for at least several more months, even if it marks a short-term low for sentiment and stock prices. In the baseline for April 2nd, our policy strategists see the administration focusing on a continued ramp higher in the tariff rate on China – while product-specific tariffs on Europe, Mexico and Canada could see some de-escalation based on the USMCA signed during Trump's first term. Additional tariffs on multiple Asia economies and products are also possible. Timing is another consideration. The administration has said it plans to announce some tariffs for implementation on April 2nd, while others are to be implemented later, signaling a path for negotiations. However, this is a low conviction view given the amount of latitude the President has on this issue. We don't think this baseline scenario prevents upside progress at the index level – as an "off ramp" for Mexico and Canada would help to counter some of the risk from moderately higher China tariffs. Furthermore, product level tariffs on the EU and certain Asia economies, like Vietnam, are likely to be more impactful on a sector basis. Having said that, the S&P 500 upside is likely capped at 5800-5900 in the near term – even if we get a less onerous than expected announcement. Such an outcome would likely bring no immediate additional increase in the tariff rate on China; more modest or targeted tariffs on EU products than our base case; an extended USMCA exemption for Mexico and Canada; and very narrow tariffs on other Asia economies. No matter what the outcome is on Wednesday, we think new highs for the S&P 500 are out of the question in the first half of the year; unless there is a clear reacceleration in earnings revisions breadth, something we believe is very unlikely until the third or fourth quarter.Conversely, to get a sustained break of the low end of our first half range, we would need to see a more severe April 2nd tariff outcome than our base case and a meaningful deterioration in the hard economic data, especially labor markets. This is perhaps the outcome the market was starting to price on Friday and this morning. Looking at the stock level, companies that can mitigate the risk of tariffs are likely to outperform. Key strategies here include the ability to raise price, currency hedging, redirecting products to markets without tariffs, inventory stockpiling and diversifying supply chains geographically. All these strategies involve trade-offs or costs, but those companies that can do it effectively should see better performance. In short, it's typically companies with scale and strong negotiating power with its suppliers and customers. This all leads us back to large cap quality as the key factor to focus on when picking stocks. At the sector level, Capital Goods is well positioned given its stronger pricing power; while consumer discretionary goods appears to be in the weakest position. Bottom line, stay up the quality and size curve with a bias toward companies with good mitigation strategies. And see our research for more details. Thanks for listening. If you enjoy the podcast, leave us a review wherever you listen and share Thoughts on the Market with a friend or colleague today.

Joe's Premium Subscription: www.standardgrain.comGrain Markets and Other Stuff Links-Apple PodcastsSpotifyTikTokYouTubeFutures and options trading involves risk of loss and is not suitable for everyone.0:00 Acreage Report Reliability3:32 Wheat Collapse7:44 China Grain News9:24 China Cash Injection10:19 The Funds11:09 Trump/Canada TalksUSDA Report to Release Key Data on Plantings and Grain StocksThe USDA will release its highly anticipated Prospective Plantings and quarterly Grain Stocks report today. Traders expect to see a significant increase in U.S. corn plantings compared to last year, while a notable decline in soybean plantings is anticipated. U.S. corn stocks as of March 1st are expected to be down 2.4% from the same time last year, while soybean stocks are expected to be up by 3%. Wheat stocks are forecasted to rise by 11.6%.Chicago Wheat Futures Drop to 8-Month LowWheat futures on the Chicago Board of Trade dropped to their lowest level in nearly eight months on Friday, with the May25 contract losing almost 4 cents, closing near $5.28 per bushel. Prices have been pressured by ongoing peace talks between Russia and Ukraine, as well as ample global supplies. Weak export demand and beneficial rainfall across the U.S. Plains also contributed to the market's decline. Traders are positioning ahead of today's USDA reports.China's Focus on Agricultural Self-SufficiencyChina is investing heavily in improving agricultural land to strengthen national food security. The nation aims to transform 200 million acres into high-standard farmland by 2030, utilizing technology to improve soil quality, crop management, and disaster resilience. By 2035, all basic farmland is expected to meet high-standard criteria. China is prioritizing food self-sufficiency and diversifying its agricultural supply chains amidst rising geopolitical tensions.China Boosts Economy with Investment in State BanksChina has invested $69 billion into four state-owned banks to bolster their financial stability and support economic growth. The government's move will help these banks expand, strengthen their capital reserves, and invest in emerging industries. This investment also aims to address pressure from narrowing profit margins due to interest rate cuts.Funds Reduce Corn Market ExposureCFTC data shows that "The Funds" reduced their net-long position in the corn market last week, with large money managers selling 31k corn contracts. Since mid-February, the funds have slashed their net-long position by 286k contracts. The funds were also net sellers of soybean and SRW wheat contracts.President Trump and Canadian PM Discuss Tariffs and Trade FrameworkPresident Trump and Canadian Prime Minister Mark Carney held a productive phone call on Friday, though Canada remains set to impose retaliatory tariffs on the U.S. this week in response to Trump's planned reciprocal tariffs. Carney criticized the tariff threats as a betrayal of the USMCA agreement. Going forward, the two leaders plan to negotiate a new economic and security framework after Canada's upcoming election.

Watch The X22 Report On Video No videos found Click On Picture To See Larger Picture The infrastructure has been falling apart, this is because of regulations. Trump has implemented 25% tariffs on Canada and EU on autos. Trump warns the EU and Canada, if they are try anything he will increase the tariffs, liberation day is here. The [DS] tried to trap Trump and his team by using their app Signal, they thought they would have the ability to fire Trump nominees. The plan backfired and now the people are seeing that there was no confidential info and they lied. Trump has exposed the signal app and showed the media lies. This was done because it is all connected to the overthrow of elections, Russia hoax and the impeachment hoax.   (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy https://twitter.com/elonmusk/status/1905085621384704173 https://twitter.com/elonmusk/status/1904934041595634162 President Trump Announces 25 Percent Tariff on Import Cars and Import Car Parts, Effective April 3rd and May 3rd Respectively   [Full Executive Order Here] The 25% import duty applies on top of any preexisting tariff for cars and light trucks.  The 25% tariff also applies to imported car parts.  The USMCA trade agreement between the U.S. Canada and Mexico still applies. If the content of a car assembled in Mexico/Canada contains 50 percent component parts from the USA, the 25% tariff only applies to the final value of the imported components. In this example the tariff rate would be 12.5% of the total value. The tariff applies to all imported cars and light trucks.  Approximately half of all cars sold in the USA are currently American made, the other half are import vehicles from mainly Mexico, Japan, South Korea, Canada and Germany. This is a very big kick in the teeth to Germany.  Previously in a long-term strategy to avoid U.S. tariffs, German automakers invested billions in auto assembly plants in Mexico.  Ex. the BMW parts were shipped from Germany and the cars assembled in Mexico.  Now that investment is worthless as the vehicle will be taxed at a rate of 25% regardless of whether it is assembled in Germany or Mexico. Ex.2 High end auto Mercedes currently builds SUVs in the USA in order to avoid the previous 25% tariff; however, they still build cars outside the USA and export them into the USA market.  This will likely change quickly, and Mercedes will begin building all cars and SUVs in the USA.   [SOURCE] It cannot be overstated how big a hit this will be to the German economy specifically.  That's why EU President Ursula von der Leyen is couching her words very carefully. Germany drives the economic engine of the EU, and the Germans care about their money far more than they care about the security of Ukraine.   The next biggest impact will come to Canada.  The auto-sector in Canada only exists to send cars and trucks into the U.S. market.  That's the entire purpose and business model behind the Canadian auto industry.  Every component part of a Canadian car that does not originate from USA will now be subject to a 25% tariff. Source: theconservativetreehouse.com https://twitter.com/TheLastRefuge2/status/1905109609150599253 https://twitter.com/elonmusk/status/1905102546063991237   Political/Rights  Geopolitical/Police State https://twitter.com/elonmusk/status/1905078932925280705 https://twitter.com/elonmusk/status/1904972878501827035 https://twitter.com/elonmusk/status/1905293314401632507   and shot the cars along with igniting Molotov cocktails. "He used what appeared to be multiple Molotov cocktails an...

President Donald Trump on Thursday signed executive actions that delay for nearly one month tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty, a significant walkback of the administration's signature economic plan that has rattled markets, businesses, and consumers. Learn more about your ad choices. Visit podcastchoices.com/adchoices