DC professional with primary interest in trade, agriculture, and sustainability. Boilermaker, Nats, and Boxing fan. All opinions my own.
Washington, D.C.
Joined June 2009
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Steve Sothmann retweeted
A sampling of some of the higher reciprocal rates:
- China: 34%
- EU: 20%
- Vietnam: 46%
- Taiwan: 32%
- Japan: 24%
- India: 26%
- S. Korea: 25%
- Thailand: 36%
- Switzerland: 31%
- Indonesia: 32%
- Malaysia: 24%
- Cambodia: 49%
- S. Africa: 30%
- Bangladesh: 37%
- Israel: 17%
Steve Sothmann retweeted
The baseline 10% tariffs take effect April 5
The higher reciprocal rates will take effect April 9
Trump is declaring a national economic emergency over trade deficits, which gives him the legal authority to regulate imports
Steve Sothmann retweeted
🚨 Trump’s long-awaited reciprocal tariff plan:
- 10% baseline tariff on imports from ALL countries
- Higher tariffs for ~60 “worst offender” nations (awaiting details on those)
- Canada, Mexico still face 25% fentanyl tariffs; USMCA-compliant exemptions remain in place
Steve Sothmann retweeted
The new US tariffs on Canada (the only executive order published so far) go into effect at 12:01 am Eastern time on Tuesday, unless the goods got there before 12:01 am this morning, as I read this.
Steve Sothmann retweeted
Per a copy of the executive order on Canadian tariffs sent out by the White House, they are suspending the de minimis exception for imports from that country. Which means any purchase of goods from Canada, at any value, will face a 25% tariff (or 10% if energy).
Steve Sothmann retweeted
US, Mexico and the food supply chain. Most Americans are unaware that the U.S. imports $45.4 billion in ag goods from Mexico. Given that most U.S. households are still reeling from the 2021 price shock an increase in food prices is not going to be well received by households. That means they will pull back on outlays of other goods and services as food prices resume rising if the trade tiff is sustained.
From 2020 but helpful for Trade wonks:
cato.org/blog/kamala-harris-…
Steve Sothmann retweeted
Politico covered the CEA's new report on Trump's tariffs and pointed to @TaxFoundation's new analysis on his tax and tariff plans too (“criticism from economists’ across the political spectrum”).
We find a new trade war could fully wipe out the gains from tax reform.
It looks like the container ship that hit the bridge in Baltimore was carrying hides that are now washing up in the harbor. Unreal. I don’t know of many US companies that use Baltimore as a primary port but it is certainly possible.
@ILMEditor @WTPworldleather @michaelredwood
#stumpy. A near perfect representation of America today.
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Steve Sothmann retweeted
📢 Calling all young professionals passionate about international trade and multilateral diplomacy! Applications for the 2025 WTO Young Professionals Programme are now open until 2 April. More information: bit.ly/3uRkjbD
Steve Sothmann retweeted
NEWS: Chaired by @RepFletcher, the New Dem Trade Task Force sent a letter to @POTUS outlining their eight step policy plan to strengthen U.S. trade policy and benefit workers, consumers, growers, producers, & businesses.
ALT New Dem Trade Leaders Outline Eight Step Policy Plan to Strengthen U.S. Trade Policy and Benefit Workers, Consumers, Growers, Producers and Businesses
Steve Sothmann retweeted
look at how much better the same exact outfit looks with leather shoes
Steve Sothmann retweeted
Esta tarde recibimos en la Embajada la visita de Stephen Sothmann y Matt Allan del Consejo de Importadores de Carne de los EE. UU.
Conversamos sobre las enormes posibilidades que existen para la carne paraguaya en los EE. UU., una vez cumplido el proceso administrativo. – at District of Columbia, USA
Steve Sothmann retweeted
Ahead of today’s @WaysandMeansGOP/@WaysMeansCmte field hearing in Minnesota on trade and agriculture, reupping this piece: uschamber.com/international/…
Steve Sothmann retweeted
🌪️🌪️The CPI #inflation for #food at home (#groceries) came in at 11.3% this month and is up nearly 20% since Jan 2021. How have average #retail #food prices changed over the last 2 years? ↗️↗️↗️ #AgTwitter #BirdFlu @SenateAgGOP
Steve Sothmann retweeted
Dead 54,431kg sperm whale 17m long washed ashore in Hawaii with stomach full of plastic waste
Plastic is 99% oil and it's now in our blood, our food chain, our water and the air we breathe. Its manufacturers pay 0 for its impact on health and environment
independent.co.uk/climate-ch…
