Tariffs & Taxes By Troglodytes
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#tariff
393 posts299 participants49 posts today
Continued thread
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My corner of the fedi is already onto Trump and his fascist regime, and I think Jessie has done a great job explaining the threat in simple terms. M&M's economic analysis highlights that even if Trump's team has a plan, the way he's executing it has crucial flaws because of his hostile nature. For Trump this is win-win; it's up to the American public to recognize him for what he is and the threat he poses to them, as well as the world. 
Continued thread
https://www.youtube.com/watch?v=w0qKHcoFEH0
Jessie Gender highlights the opportunity the economic chaos created by these tariffs presents for a strongman figure like Trump. By destroying all the familiar structures in American life and pointing to scapegoats, Trump is following the fascist playbook. Creating the illusion that the only refuge available is in compliance with his authority.
Continued thread
https://www.youtube.com/watch?v=1ts5wJ6OfzA
Money & Macro takes Trump's goal of reindustrializing the USA seriously, suggesting these tariffs are a play to establish a new global order in order to devalue the US dollar while retaining it as the global reserve currency. One in which USA allies pay tribute to America for its "military protection" and tie their currencies to the USD. The USA is afraid that China's industrial superiority gives it a way to break USA control of the Pacific.
Two Nebula creators, Money & Macro and Jessie Gender, have released interpretations about what Trump's tariff doublespeak is about. One an economic perspective, the other a sociopolitical perspective. I think they're each important perspectives. Trump is such a prominent figure that it's easy to lose sight of his toadies and their goals.
It’s the geopolitics, stupid! Weaponisation of commerce, started by Xi, comes full circle with Trump https://www.byteseu.com/900144/ #DonaldTrump #Geopolitics #tariff #TradeWar #trump #TrumpTariff #UsChinaTrade #XiJinping
https://www.europesays.com/1975778/ It’s the geopolitics, stupid! Weaponisation of commerce, started by Xi, comes full circle with Trump #america #DonaldTrump #geopolitics #Politics #tariff #TradeWar #trump #TrumpTariff #UnitedStates #UnitedStatesOfAmerica #UnitedStatesPolitics #US #UsChinaTrade #USPolitics #USA #UsaPolitics #XiJinping
NEW #SUBSTACK! - #SUBSCRIBE!
"#Republicans TURN ON #TRUMP As He WRECKS The #StockMarket” - #Tariff destruction, #HandsOff #protest exclusive #photos, breathtaking #video, adorable kitty #cats & more!
https://open.substack.com/pub/blueamp/p/republicans-turn-on-trump-as-he-wrecks?r=j0lyx&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true #news #press #politics #ukraine #elonmusk#donaldtrump #finance #ai #economy #us #usa #russia #eu #europe #china #mexico #canada #recession #america #tech #nato #tv #youtube #writing
open.substack.comRepublicans TURN ON TRUMP As He WRECKS The Stock MarketFather, into your hands, I commend my spirit. Father into your hands...Why have you forsaken me? In your eyes, forsaken me. In your thoughts, forsaken me. In your heart, forsaken me - System Of A Down
"The April 2nd action is the equivalent of a rise in the effective US tariff rate of 11 ½ percentage points. The average effective US tariff rate after incorporating all 2025 tariffs is now 22 ½%, the highest since 1909."
1909 also saw construction start on the Titanic and founding the NAACP. My point is it was an inconceivably long time ago.
We have seen nothing like this in our lives. And, I am pretty sure, this is the largest #tariff increase in history.
The Budget Lab at YaleWhere We Stand: The Fiscal, Economic, and Distributional Effects of All U.S. Tariffs Enacted in 2025 Through April 2
Trump will not back off because his ego won't let him. It'll take Congress taking away his #tariff power. I expect it will require the fear of losing at the ballot box exceeding the fear of being primaried. Voters should dump them anyway, for not acting in the moment.
EU is calling the bluff.
Or is lucky and gets what they wanted with TTIP back in the day without the attached stuff that caused it to fail back then.
"EU has offered the US a “zero-for-zero” tariff scheme, EU president von der Leyen said today to avoid a tit-for-tat trade war."
Highly unlikely to happen, but in today's times you can't rule out anything anymore.
But more likely: calling the bluff.
#USA #Trump #EU #Tariff #tradewar
https://www.politico.eu/article/eu-offers-trump-removal-of-all-tariffs/
POLITICO · EU offers Trump removal of all industrial tariffs
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At 10:26 AM ET, CNBC reports that the 90-day tariff pause headlines were incorrect.
At 10:34 AM ET, the White House officially called the #tariff pause headlines "fake news."
By 10:40 AM ET, the S&P 500 erased -$2.5 TRILLION of market cap from its high, 22 minutes prior.
Mass insanity at the hands of an idiot and his enablers who just want to see the country burn so they can take over…
You can tell I'm not an economist when I wonder if the rest if the world can't just leave China and Trump to their daft #tariff battle
New entry of AI-generated #comics and #jokes added to our #website:
comics.lucentinian.com/6586
#AILaughs #Jokes #LaughWithAI #DailyComedy #FunnyNews
comics.lucentinian.comTariff TroublesWhy was the UK business so worried about the upcoming tariff increases?
Because it was afraid of getting rained on by money!
Trump’s global market meltdown, explained
U.S. President Trump’s latest and most severe tariffs have caused a bloodbath on the global markets and widespread economic anxiety.
JP Morgan’s chief economist raised the odds of a global recession by the end of the year to 60 per cent, up from 40 per cent.
People are looking at their jobs being eliminated in places like auto plants, and elsewhere in the manufactu...
#economics #politics #tariff #market
https://www.cbc.ca/player/play/9.6713872?cmp=rss
(1/2) #Trump's #tariff bullshit came into force recently. They raise #prices across the board for #consumers and will do nothing to help ordinary people. The target is #environmental and #labour laws, and the goal is to restore a 19th c. economy of low #wages & high #profits..
"Additionally, all talks with China concerning their requested meetings with us will be terminated!"
Probably including any chance of China agreeing to clamp down on fentanyl precursor exports to the United States.
"President #Trump's #tariff opponents on Capitol Hill are set to push back on multiple fronts this week as fears grow that a political landslide could be in the offing for the #GOP if no change is made."
https://finance.yahoo.com/news/lawmakers-may-test-trump-on-tariffs-this-week-as-fears-of-a-gop-election-decimation-grow-120156954.html
Yahoo Finance · Lawmakers may test Trump on tariffs this week as fears of a GOP election 'decimation' grow
#tariff man is digging in and I hope he bankrupts a lot of pro Trump businesses in the process. Nothing matters anymore except the schadenfreude and the lols when the bunglers in charge mess up