Here are the latest news items and commentary on current economics news, market trends, stocks, investing opportunities, and the precious metals markets. In this column, JWR also covers hedges, derivatives, and various obscura. This column emphasizes JWR’s “tangibles heavy” investing strategy and contrarian perspective. Today, we examine the impact of new tariffs.
Precious Metals:
Central Bank Gold Buying Remained Strong to Kick Off 2025.
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Silver Extends Rally Amid Risk-Off Sentiment.
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Gold’s Price Disruption Eases as Trump Tariff Trade ‘Exhausted’.
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A Jim Willie interview video: SWAP IT ALL, TODAY! My Last Message To Gold and Silver Stackers in Q1 2025. JWR’s Comments: I hate to see useful interviews chopped up and disjointed like this. Ignore the distracting interspersed AI-generated images. I concur with Jim Willie that a formal revaluation of gold is likely during Trump’s second term.
Economy & Finance:
New US Tariffs on Canada, China and Mexico Take Effect. Here is a pericope:
“Reciprocal Tariffs Plan – On 13th February, the administration published the ‘Fair and Reciprocal Plan’ in which the President mandates the creation of a comprehensive plan for ‘restoring fairness in U.S. trade relationships and countering non-reciprocal trading arrangements. within 180 days or by mid-August’ In the associated briefings, the administration made clear that this plan would look not just at direct tariffs but indirect discrimination like value added, and sales taxes imposed on U.S. goods.
Port Entry Charge – The U.S. Trade Representative’s office has published a draft proposal to implement a new charge of up to $1.5 million per landing every time a company using a Chinese-built vessel enters a U.S. port. This is a move seen to counter the dramatic shift in global shipbuilding away from the U.S. to China but will have a direct impact on shipping costs of imported goods.”
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From the left-leaning AP: Trump’s trade war draws swift retaliation as Mexico, Canada and China impose tariffs on the US.
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A Daily Signal piece linked over at the Whatfinger.com news aggregation site: Made in America: Trump Racks Up $3 Trillion of Investments in US Economy.
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At Zero Hedge: Citi Does It Again, Mistakenly Credits Client Account With $81 Trillion Instead Of $280.