does this deal need public approval?
Iâll be heretical here. USDA Prime dry aged, corn-fed Black Angus beats any European meat for grilling. Sinewy, cartilaginous French beef for braising.
Edit for balance: US pork, chicken, lamb and other meats (WTF turkey) are catastrophic. Truly âthe other white meatâ.
1 Like
I would imagine adjusting the free import quotas needs approval from the parliament. The party with the most farmers is also the party Parmelin, who brokered the deal, belongs to, so it should be at least a bit easier to get approval.
Didnât say anything about soy? The canât sell it to China anymore.
This doesnt make much sense to me, as we heard so many times that Trump does XYZ but then didnt.
Then why would market react this time before anything is âfixedâ (will it ever?).
But I donât have an âexplanationâ for that bump in CHSPI either.
Xi said theyâd buy more again in their last agreement.
Havenât heard from Trump yet. If I recall correctly, we thought we had reached a deal last time too, until we hadnât. Jamieson Greerâs word isnât worth much without Trump backing.
1 Like
Apparently, itâs been blessed by the White House:
âAdditionally, tariffs on pharmaceuticals and semiconductors from Switzerland wonât exceed 15%, according to a joint statement. This comes as the Trump administration has been mulling higher tariffs on both sectors.â
Good news for pharma jobs but⊠semiconductors? Do we produce any? Is Parmelinâs plan to turn us into Taiwan (in which case, good job, M. le Conseiller fĂ©dĂ©ral!).
Edit: the actual statement:
According to List of semiconductor fabrication plants - Wikipedia Safran and EMMicroeectronic have plants.
Also I think STMicroelectronics has presence but no plants(?).
Probably not the same contribution to GDP as pharma tho 
2 Likes
This is a very good example of negotiating imaginary things. 200% tariffs on Pharma were never going to be applied because it would raise medicine costs in US. But they sold ânot applying themâ as a bargaining chip.
2 Likes
Switzerland and Liechtenstein intend to cooperate with the United States on matters related to the review of inbound investment, including on the basis of national security
Is that about preventing Chinese investments? Thereâs also some bits about supply chain that play into the current narrative of banning Huawei from networks.
I dont know if Switzerland should severe ties with China which is obviously a super power now. Even US wants to be friends with them and Trump is happy to pose with Xi in a picture.
There are some power semiconductors and modules produced and assembled in switzerland by Hitachi (ex ABB) plus a number of startups and smaller companies in the sensors, MEMS etc area.
Those are different technologies and capex from TSMC and ASML stuff
2 Likes
12 Likes
The calm before the Christmas rally storm
2 Likes
Perfectly fine insofar as finances are concerned 
Edit 1: But, fuckinâ seriously?! Extreme fear?! I think our (western) society needs a good war, a plague, aliens, something to get a bit tougher mentally, emotionally.
Edit 2: we even got a plague not too long ago and it exposed our societal and individual weaknesses. Whatâs next? âSafe spacesâ when birds donât sing in tune?
6 Likes
Not sure why indices are down today. My momentum portfolio is up 0.8% (thanks Tutor Perini) and my divi Portfolio is up 0.35% (thanks Cummins and Merck).
1 Like
nVidia will either fix it tomorrow OR itâll start tumbling down. Or not. Who cares, divvies soon 
2 Likes
But, Sir, the divvies are why the market dropped!
Since its recent top, about 2% of divvies were payed out, hence the market dropped accordingly.
Donât you understand?
</sarcasm>
1 Like
I bought a lot today. The main reason is because I sold a big position last week though