Steve Sothmann

DC professional with primary interest in trade, agriculture, and sustainability. Boilermaker, Nats, and Boxing fan. All opinions my own.

[Megan Cassella @mmcassella]

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%

[Megan Cassella @mmcassella]

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

[Megan Cassella @mmcassella]

🚨 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

[Josh Wingrove @josh_wingrove]

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.

[Victoria Guida @vtg2]

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).

[Joseph Brusuelas @joebrusuelas]

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.

[Steve Sothmann @soth0819]

From 2020 but helpful for Trade wonks:

https://t.co/2HYaVyyyRR

[Erica York @ericadyork]

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.

[Steve Sothmann @soth0819]

@dieworkwear Trunk Club opened a bespoke shopping location in Washington DC with an open bar targeting mostly male shoppers. Frankly, it made shopping fun for many people that don’t like to shop for clothes but like to look somewhat stylish (me). It closed in Covid, but it was a good idea.

[Did Purdue Win? @DidBoilersWin]

YOURE MOTHERFN RIGHT THEY DID

[Steve Sothmann @soth0819]

@WTPworldleather @ILMEditor @michaelredwood Could be. Hard to tell, but size would suggest so as well?

[Steve Sothmann @soth0819]

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

[Insider Paper @TheInsiderPaper]

JUST IN - Items from the cargo container that collided with Baltimore's Key Bridge yesterday have been spotted on the shoreline.

[Steve Sothmann @soth0819]

#stumpy. A near perfect representation of America today.

[Steve Sothmann @soth0819]

@cojobrien Good article. Sometimes, extreme left and right is paradoxically center.

[WTO @wto]

📢 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: https://t.co/LmqBqXDe6I

[Steve Sothmann @soth0819]

@WashProbs Shutdown Fox.

[New Democrat Coalition (NDC) @NewDemCoalition]

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.

[derek guy @dieworkwear]

look at how much better the same exact outfit looks with leather shoes

[Embassy of Paraguay in the USA 🇵🇾🇺🇸 @PARAGUAYinUSA]

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.

[John G. Murphy @JGodiasMurphy]

Ahead of today’s @WaysandMeansGOP/@WaysMeansCmte field hearing in Minnesota on trade and agriculture, reupping this piece: https://t.co/pRtBOP3EHY