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Items tagged with: trumptariffs
Breaking news out of China, they announced that they will raise their tariffs on US imports from 85% to 125% to match the US. Meanwhile the US is raising tariffs on Chinese goods from 125% to 145%.
These tariffs are changing so fast its making my head spin trying to keep up with it 🥴
apnews.com/article/china-us-tr…
#Trump #China #Uspol #tradewar #trumptariffs #gop #tariffs
Trade war escalates as China says it will raise tariffs on US goods to 125%
China has announced that it will raise tariffs on U.S. goods from 84% to 125%. It was the latest salvo in an escalating trade war between the world’s two largest economies that has rattled markets and raised fears of a global slowdown. While U.S.AP News
The on-again-off-again tariffs have been modified, reducing the tariffs on all countries back down to the original 10% universal tariff.
This move has sent stocks and cryptocurrencies up nearly 10% across the board. Recovering most of the stock losses of the past week.
However, seems like premature celebration to me as the China tariffs now stand at 125% and will still have a massive impact on affordability in the US
cnbc.com/2025/04/09/trump-tari…
#economics #uspol #trumptariffs #markets #tariffs
Trump tariffs: 'Do not retaliate and you will be rewarded,' White House says
President Donald Trump's tariffs on nearly all U.S. trade partners will drop to 10% for 90 days, but tariffs on China will jump to 125%.Dan Mangan (CNBC)
China just announced, they aren't surrendering, they will fight back with reciprocal tariffs of their own.
This threatens to launch a recursive war of tit for tat tariffs increases which ultimately sever our ability to do business with Chinese workers.
“China will fight to the end if the US side is bent on going down the wrong path.” -Wang Wentao
Today makes clear, there is no end in sight.
theguardian.com/world/2025/apr…
#China #Trump #Economics #tradewar #trumptariffs #magatariffs #uspol
China vows to ‘fight to the end’ against latest Trump tariff threat
Beijing accuses US of blackmail and adding a ‘mistake on top of a mistake’ as Wednesday deadline for latest levies loomsHelen Davidson (The Guardian)
I hate looking at the stock market. I do however think its a pulse on the most impulsive Americans with enough money to make the numbers wiggle.
And if anything, the markets are giving toxic positiveity. Markets opened strongly up. Like 5% up for stocks that will be dogged by tariffs. Only to get slammed back down when they all realize, that no. Today is not the day the trade war ends.
Not only are the tariffs starting tomorrow, things have gotten a lot worse today . . .
12 million people hospitalized in the U.S. need heparin every year, and we get that from China, which now has a 145% tariff.
“A basic medicine we use 1000x per day in the hospital, heparin, is also dependent on China, and people will die without it.”
Dr. Soumya Rangarajan
Genius move to lose $9 trillion of actual value to try to address a smaller trade deficit that isn’t an actual debt. 🤦♂️
#USpol #tariffs #TrumpTariffs #economy #economics
![screenshot of a post by News Eye
@newseye.bsky.social:
So far, Trump has lost $9 trillion in stock market value in an attempt to fix a $1.2 trillion trade deficit.
It's not possible to fully articulate the stupidity currently governing the USA.
[graphic of rectangles sized by capitalization and colored red indicating individual stock loses at a glance]
April 6, 2025 at 2:45 PM](https://friendica.hellquist.eu/photo/preview/640/4835895 "screenshot of a post by News Eye
@newseye.bsky.social:
So far, Trump has lost $9 trillion in stock market value in an attempt to fix a $1.2 trillion trade deficit.
It's not possible to fully articulate the stupidity currently governing the USA.
[graphic of rectangles sized by capitalization and colored red indicating individual stock loses at a glance]
April 6, 2025 at 2:45 PM")
#TrumpeanTradeWars #TrumpTariffs
#EconomicPolicy
#CEUM
(4/4)
... is president.
I've dubbed this suggestion #CEUM:
mastodon.social/@HistoPol/1142…
//
HistoPol (#HP) 🏴 🇺🇸 🏴 (@HistoPol@mastodon.social)
@Snowshadow #CEUM #CdnPol #CANpol #USpol #CETA #InfoSec #Democracy #NationalSecurity #Mercantilism (2/n) ...Mastodon
#TrumpeanTradeWars #TrumpTariffs
#EconomicPolicy
#CEUM
(2/n)
... withhold just critical goods reduces the pain on non-#US consumers and suppliers....
In fact, that strategy can be enhanced, targeting #MAGA donors, voters, and #RedStates.
A good example to follow for #Canada, for instance, is the critical #Fertilizer ingredient for (#US) #farmers, #potash, as we analyzed a few days ago:
mastodon.social/@HistoPol/1142…
Like in the 1930's, these (even higher) tariffs will, IMO, usher...
#TrumpeanTradeWars #TrumpTariffs
#EconomicPolicy
#CEUM
(1/n)
A de facto "critical-minerals embargo" being imposed by #China on the #US was to be expected.
In fact, it is somewhat surprising that President #Xi did not implement it sooner, after the #US cut off high-end GPUs for #China, which are critical for the #AI race.
It might even be a 👉wise strategy to counter Trump's de facto all-out global #TradeWar.👈
To...
cleantechnica.com/2025/04/05/c…
China Just Turned Off U.S. Supplies Of Minerals Critical For Defense & Cleantech - CleanTechnica
In response to new Trump tariffs, China cut dysprosium, terbium, and tungsten exports—hitting U.S. EVs, wind, and military systems hard.Michael Barnard (CleanTechnica)
I see that an Australian economist shares @pluralistic 's idea that a suitable reaction to the #TrumpTariffs is to weaken IP laws benefitting US corporations.
gross.substack.com/p/the-smart…
Mr. Doctorow suggests cancelling legal penalties protecting DRM; Prof. Gross favours weakening patent protection of American pharmaceutical companies.
Unlike counter-vailing tariffs, these are measures that would hurt US business and benefit other countries.
The Smart Way to Retaliate Against Trump’s Tariffs
Why make your own citizens pay, when you can make Big Pharma do it instead?Zac Gross (Gross National Product)
@LoranJohn
#CdnPol #CANpol #USpol
#CETA #InfoSec #Democracy #NationalSecurity
#CEUM
(3/n)
... They will seek to eliminate conflict in their international economic policies and will encourage economic collaboration between any or all of them.👈"
The #TrumpTariffs that will result in #TrumpeanTradeWars, if this collision course is maintained, are the complete opposite of what the founding fathers had in mind.
#tRump is...
"You should have told me not to launch a global trade war in the first place!"
"We did, we did!"
"But you did not PERSUADE me!"
clip.cafe/the-last-king-of-sco…
'I want you to tell me what to do. You want ME to tell YOU what to do? Yes, you are my...' - The Last King of Scotland
Idi Amin: I want you to tell me what to do. Nicholas Garrigan: You want ME to tell YOU what to do? Idi Amin: Yes, you are my advisor. You are the only one I can trust in here. You should have told me not to throw the Asians out, in the first place.Clip.Cafe
#trump #FuckTrump #trumptariffs
Disgusting: The majority of the nations listed for “reciprocal” #tariffs on the 8-pg document distributed to reporters by the #Trump admin are #poor, #developing economies. They include some of the world’s poorest nations -- #SouthSudan, #Burundi & the #CentralAfricanRepublic -- as well as countries in the throes of #war, notably #Sudan.
#RevengePolitics #racism #xenophobia #aporophobia #WhiteChristianNationalism #economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
The White House clarified that yes, as I posted earlier in this 🧵, the tariff numbers in the charts #Trump held up include BOTH reciprocal levies & the 10% baseline. So #Europe will face a 10% reciprocal tariff + a 10% baseline. #China will face a 24% reciprocal tariff, + the 10% baseline. Etc.
#RevengePolitics #economy #tariffs #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
That is also on top of #Trump’s other #tariffs that China will also face, including 25% tariffs on autos & 25% tariffs on metals.
Trump says to foreign countries, “If you want your tariff rate to be zero, then you build your product right here in America.”
#RevengePolitics #economy #tariffs #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
#Trump claims that experts have been wrong about #NAFTA, #China & his first-term #tariffs & that they will be wrong again about his current trade actions. 🙄
Futures on the S&P 500, which allow investors to trade when exchanges are not officially open, began to tumble after Trump started outlining the tariff rates. The index had ended the day higher, but futures are now down more than 1%.
#RevengePolitics #economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
#Trump touts manufacturing jobs that have been created since his 2nd term began as well as the fact that some consumer prices have eased. The issue is that neither of those very modest trends are likely to continue w/these #tariffs, economists say. A new report released this week showed that manufacturing activity contracted in March & businesses in that sector are now expecting much slower growth & higher prices.
#economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
#Trump said #grocery & other #prices are starting to come down, & that his policies are bringing down #inflation. In fact, inflation has picked up in the first weeks of his term, & economists almost universally expect #tariffs to further drive up prices.
#FactCheck #TrumpLies #RevengePolitics #economy #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
“There’s a reason this came at 4 PM ET, with #markets closed,” said Jorn Fleck, senior director with the Europe Center at the Atlantic Council.
He said the #tariff on the #EU, his area of expertise, is a “very high number” that will be painful for #consumers & #businesses on both sides of the Atlantic.
#RevengePolitics #economy #tariffs #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
People had been expecting #Trump to announce high #tariffs, but these numbers are stunning. In addition to a 10% tariff on ALL COUNTRIES, dozens of other countries face extra tariffs between 10 & 50%. That will force some manufacturing back into the US, but will also definitely raise costs for American #consumers & #manufacturers & incite #TradeWars on many fronts.
#FactCheck #TrumpLies #RevengePolitics #economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
#TrumpTariffs #TrumpeanTradewars
*IMPORTANT #GreatDepression2.0*
If you haven't studied economics or haven't lived through the 1930's, I strongly recommend listening to today's #TheIntelligence #Podcast of #TheEconomist about the disastrous #SmootHawleyTariffAct of 1930.
It has been done before and the results boosted the #GreatDepression, which was milder in very few nations, such as Japan.
To keep the picture: the #TrumpTariffs are #MacroeconomicSepuku:
Many of these tariff rates seem much higher than some economists & policymakers had been expecting.
#Trump says the US will calculate a tariff rate for other countries based on #tariffs & “other forms of cheating” — whatever that means.
He says #China will face a 34% tariff, while the #EU will be 20%. #Japan will be 24% & #India 26%.
#RevengePolitics #economy #tariffs #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
#Trump again criticizes the creation of the #IncomeTax in the US in 1913, arguing that it’s a mystery why the nation ever instituted one. American policymakers embraced the income tax for 2 reasons: to collect more taxes from the #rich & to pay for a growing federal govt.
Conversly, #tariffs disproportionately burden #LowIncome Americans, who spend more of their earnings on goods that tariffs make more expensive.
#economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
#Trump claims that the price #eggs have gone down under his watch after an outbreak of #BirdFlu. But economists warn that #tariffs of the kind that Trump is pursuing are likely to lead to much higher #prices for #consumers. The big question is whether that will translate to persistently higher #inflation.
#FactCheck #TrumpLies #economy #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
#Trump talks about the #trade deficits the US has amassed w/other countries and says, “We’re really not taking it anymore.” The trade deficit is the difference between what a country #exports & what it #imports. The #US has long imported more goods than it exports.
Economists don’t agree #TrumpTariffs will really lower the US trade deficit.
#FactCheck #TrumpLies #economy #tariffs #inflation #recession #Trumpcession #geopolitics #USpol
nytimes.com/2025/02/05/us/poli…
Trump Prepares to Take On the US Trade Deficit, a Familiar Nemesis
The trade deficit has long drawn the president’s ire. Now, he’s preparing to take it on again.Ana Swanson (The New York Times)
#Trump claims that many countries have targeted the #US w/ “non-monetary barriers,” like currency manipulation, subsidies, exorbitant taxes & theft of intellectual property.
Trump specifically talked about the #EuropeanUnion’s value-added tax, which he has long despised. #VAT rates are common outside of the United States, & the U.S. is actually an outlier for not having one.
#FactCheck #TrumpLies #economy #tariffs #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
#Trump just claimed other #America has for many years been “loot pillaged & raped” by other nations. More proof he has no idea what it means to be raped.
#economy #tariffs #inflation #recession #TrumpTariffs #Trumpcession #geopolitics #USpol
