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Parakeetist's avatar

OT:

Hellooo.

Your Birb is going to volunteer at the shelter, later in the afternoon.

This will be another on-and-off day today.

Thamke uu for yr understanding.

🦜🙂

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blueicebank's avatar

OT.

"'Zero-D chess': Finance exec warns Trump's new trade deal just shafted American cars"

President Donald Trump announced on Tuesday the agreement of a new 15 percent reciprocal tariffs trade deal with Japan, which was roundly mocked by observers for being worse than the deal the U.S. had with Japan before Trump took office. But this deal does something else he may not have intended, hedge fund manager Spencer Hakimian posted to X: privilege Japanese cars over American ones.

... "Toyota is up +8% on the news of a 15% tariff. Why?" he wrote. "It's simple. Ford, GM, Tesla, and all the other American manufacturers are going to be paying 50% more for their steel, 50% more for their copper, 25% more for their Canadian production, 25% more for their Mexican production, and 55% on their Chinese production. Toyota only has to pay 15% more and they're done with all the shenanigans. Ford has to pay much more than that. A lot more in fact."

https://www.rawstory.com/trump-tariffs-japan/

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