
Don't worry . . .
We're not gonna keep this post up all day . . . But we feel like an update in order now that China is hitting back and the immediate reaction to MAGA trade policy from markets is OVERWHELMINGLY NEGATIVE.
No matter your brand of political viewpoint regarding events over which most of us have absolutely no power . . . We still feel like it's important to ask . . .
HOW BADLY WILL GLOBAL TRADE WAR HURT KANSAS CITY?!?!
Predictions are the only way plebs can exercise some autonomy in this situation.
From both angles . . .
We didn't notice a lot of patience from conservatives for Prez Biden's economic policy. However, progressives worried about the stock market returns of corporations they otherwise hate and want to tax out of existence is also kinda funny.
Again . . .
All we know for sure is that stocks are down and going lower to start the weekend and this power move from the White House has sparked a great deal of UNCERTAINTY . . . Which is never good for biz considering that the contemporary global economy is little more than a ponzi scheme backed by a great deal of debt and complicated tech formulas that nobody really understands.
And so we start with the local angle, a metro car maker, the restaurant biz and even more info after that:
Ford Motor Company announced Thursday that it is offering discounted prices on all its gas, electric, and hybrid models to match employee pricing as new auto tariffs take effect. The move coincides with the imposition of a 25% tariff on foreign vehicles, a policy shift that has sparked economic uncertainty in communities like Claycomo, home to the Ford Kansas City Assembly Plant.
Local business owners and residents in the area are bracing for the economic ripple effects of the tariffs. Nelle Belle’s Diner, a long-standing establishment just two miles from the Ford plant, has served as a community hub since 1965. Owner Dixie Edwards said the uncertainty is unsettling for business owners and residents alike.
“It’s scary. That is sort of our lifeline, and I want it to stay,” Edwards said.
Read more via www.TonysKansasCity.com link . . .
'It's scary': Tariffs leave local manufacturing town on edge
Tariffs have left one of Kansas City's manufacturing towns on edge for the future.
'Bullying practice': China retaliates against Trump with 34% tariff on US goods
The Trump administration imposed a 10% minimum tariff on all imports coming into the country and even higher tariffs on other top trading partners.
Kansas City stocks tumble as Wall Street suffers steep losses
Kansas City-based companies, including Garmin and UMB Financial, saw major stock losses as the S&P 500 dropped 4.8%, the Dow fell 1,678 points, and the Nasdaq declined 6% in a volatile trading day.
Tariffs threaten to upend markets that Missouri and Kansas farmers depend on: 'Absolutely bad news'
President Trump said that he is standing up for skilled workers and farmers by slapping tariffs on imports but farmers aren't happy. "It is being economically drawn and quartered," one Kansas farmer said.
'Do your research:' Reactions to new tariffs from metro residents
KSHB 41 reporter Elyse Schoenig wanted to hear your thoughts on tariffs to get a wide range of opinions.
Dow set to tumble 1,000 points after China retaliates against Trump's tariffs
US stocks were set to plunge Friday after China retaliated against the United States for President Donald Trump's tariffs.
Pressure of making adjustments for business owners, consumers following impacts of tariffs
Wall Street took a hit Thursday, and those supporting President Donald Trump's tariff policy stress a wait-and-see approach.
Developing . . .
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