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#tariffs

733 posts422 participants10 posts today

We don't need #tariffs that force jobs that don't need as much education back into the US. We need policies that make the education needed for the jobs we have more affordable, and tax and labor policies that create more good paying jobs in exchange for zero billionaires. Of course you're not going to get that with the wealthiest people dominating the media, institutions and both major parties. They are going to sell you on bullshit that puts us at each other's throats and won't fix shit. #uspol

"The US and China are locked in a dangerous trade stand-off, with the world’s two largest economies trading tit-for-tat blows as Donald Trump demands Beijing seek a deal from his administration.

China relies on the US as an almost irreplaceable market for its manufactured goods, but experts warn that Washington should not underestimate Beijing’s capacity to resist Trump’s coercive tactics.

The combination of centralised political control, increasingly diversified export markets and its virtual stranglehold on some strategically vital materials, including rare earth metals, gives Beijing plenty of negotiating power. The question is how far it can use its leverage without suffering even more damage itself.

China had a trade surplus of almost $300bn with the US last year, with about 15 per cent of its total exports heading into the US. Trump’s tariffs of 145 per cent would inflict significant pain on Beijing.

But international economists said this overlooks one crucial fact: China can replace its imports from the US more easily than the other way around.

US goods exports to China are heavily focused on agriculture — such as soyabeans, cotton, beef and poultry — and so are low value-added. Many US imports from China — electronics, machinery and some processed minerals — are the opposite.

Marta Bengoa, professor of international economics at City University of New York, said that while the US and China remained heavily interdependent in trade, this meant the ultimate balance of risk was on the US side."

ft.com/content/7c0d1b6d-41bd-4

Financial Times · Trade, tech and Treasuries: China holds cards in US tariff stand-offBy Thomas Hale
#USA#China#Trump
Replied in thread

@HistoPol @AxiosNews Dear #Republicans, #Tariffs must be consistent over years & across administrations to be effective. Trump sometimes changes tariff percentages on a daily basis. No country or company is going to start building manufacturing plants anywhere until they know what they can expect, not just next week, or next month, or next year, but next decade. Building a manufacturing facility takes years to build and twice as many (at a minimum) to break even. #Trump understands none of this.

Man, Greg Olear can write

"The Old Guard had four full years to root out the traitors and failed to do so...a Delaware speed-trap on the I-95 to tyranny...Merrick Garland preserved his precious “norms” at the expense of the American experiment"

READ! blueamp.co/p/field-notes-from- #news #us #politics #press #media #writing #ai #usa #america #tech #musk #trump #tv #video #podcast #tariffs #russia #stockmarket #donaldtrump #ukraine #elonmusk #europe #canada #eu

Blue Amp · Field Notes from the Second American RevolutionBy Greg Olear

[OMG this is so corrupt!]

#Felon47 can boost or depress the price of virtually any stock through the creation or elimination of tariffs. On Tuesday, Trump Media and Technology Group (TMTG), best known as the parent company of the social media platform Truth Social, announced it was launching a series of actively managed investment accounts. A way to invest in companies that benefit from Trump's political agenda.

#CriminalPresident #Tariffs #Stocks
popular.info/p/truth-social-la

Popular Information · Truth Social launches scheme to profit from Trump's tariff policiesBy Judd Legum

youtube.com/watch?v=kahptQyTds

#DaveNeal #TheRushHour afternoon show

6.58min mark Funny story 😄 . Pompiers, firefighters show up with a room full of women, hilarity ensues...

15.42min mark #Maryland Senator #ChrisVanHollen is NOW in #ElSalvador to bring #KilmarAbregoGarcía BACK!

#BringAbregoGarcíaBACKNOW

20min. mark #Tariffs

23.50 min mark #AbregoGarcía's lawyer talks the nepo baby richsplaining moron that is Chris Cuomo. 26.30 min mark a press conference with #BatshitBondi (who insists on calling people 'illegal aliens, a racist term) and OUT...RIGHT...LYING!!!
28.40min. mark Lawyer Trump admin deciding who is a terrorist or not without proof, and taxpayers and paying for this. This is what the Trump admin wants.

#StopDeportations #StopKidnappings #DueProcess

32.30 min mark: #TradeWar , #PublicSector gutted, social fabric being stripped. Journalist says the miltary might shoot a Americans who will eventually get fed up with Trump and might intensely fight back.

California is the first state to sue Donald Trump over his tariffs. We are the world's fifth largest economy, ahead of all U.S. states and most countries.

"The lawsuit challenges Trump evoking the International Emergency Economic Powers Act to enact the tariffs, arguing the act had never been used for such levies and such powers rest with the US Congress.

bbc.com/news/articles/cp8vjer0

Gov Gavin Newsom stands before a brightly lit city landscape and some trees
www.bbc.comCalifornia becomes first state to sue over Donald Trump tariffsThe state - the 5th largest world economic power - says it is being disproportionately impacted by the tariffs.

"Fed CHM POWELL: "CAR CO SUPPLY CHAINS LIKELY TO BE DISRUPTED FOR YEARS."

Fully doing 2021/2022 all over again.

Complete insanity."
-S Hakimian

"Powell: #Tariffs are highly likely to generate at least a temporary rise in inflation. The inflationary effects could also be more persistent"

The level of the tariff increases announced so far is significantly larger than anticipated. The same is likely to be true of the economic effects -will incl🚨higher inflation & slower growth."
-H Long
#USPol

"Chinese purchases of American oil are down -90% Y/Y, while Chinese purchases of Canadian oil are up +700% Y/Y.

That’s a🚨$20B annual loss for the United States at $60/barrel."
-S Hakimian

When will the Republican oil barons, mega-farmers... call their Senators & Reps to demand that Trump be impeached?