How refreshing to hear (yesterday) a clear and cogent exposition by Prime Minister Carney of Canada's position vis-à-vis the destructive tariffs unleashed yesterday by the US.
#TariffWar
https://www.youtube.com/watch?v=gxythx-2Feg
Gold prices plummet for second consecutive day amid U.S.-China tariff tensions, hawkish Fed comments, and strong employment data, sparking investor exodus from asset markets
#YonhapInfomax #GoldPrices #TariffWar #FederalReserve #MarketExodus #EmploymentData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=57324
IMO, there is zero economic theory behind Trump's #TariffWar . Rather, it's one area where he can act unilaterally to start/stop tariffs - and create the chaos that brings people running to him begging for his help.
It's a mob shakedown. Simple as.
Any predictions on when Apple will raise prices? Thinking about upgrading my Mac today, just in case.
@TheBreadmonkey This is a perfect visualisation of the fact that a #tariffWar will primarily affect ordinary users and consumers.
Well, I guess we will still be able to import cheap Russian potato vodka and Bratva thugs… #tariffwar
@muzicofiel Boycotts can do "something". But for ending fascism people in the country have to act. And we have another problem: In an interconnected world, a #tariffWar will be bad for *all* countries. Nobody can win such a situation.
The poorest countries and the poor people in rich countries will be impacted badly. A Musk can lose billions in a day and still remain the obscenely richest man in the world.
Well, it's complicated.
Global markets roil as Trump imposes tariffs, sparking fears of a second Great Depression, while some analysts maintain optimism about U.S. economic fundamentals despite prolonged market instability expected.
#YonhapInfomax #TariffWar #MarketInstability #GlobalEconomy #TrumpAdministration #EconomicOutlook #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=57169
Day one of "markets going to boom, country going to boom" was going great.
"Trump approval falls to 43%, lowest since returning to office, Reuters/Ipsos poll finds
The three-day poll, which closed on Wednesday, showed approval of Trump's performance as president down 2 percentage points from a poll conducted March 21-23 and 4 points below the 47% approval he had shortly after taking office on January 20."
https://www.reuters.com/default/trump-approval-falls-43-lowest-since-returning-office-reutersipsos-poll-finds-2025-04-02/
#trump #usPol #usPolitics #tariffWar
"4 Republicans back U.S. Senate measure to end Trump’s tariffs on Canada
The Senate passed a measure seeking to end the emergency declaration Trump used to justify tariffs on Canada linked to fentanyl, but the resolution will likely remain symbolic"
- Globalnews.ca
https://globalnews.ca/news/11111463/donald-trump-tariffs-canada-senate-vote/
#cdnPoli #cdnPolitics #usPol #usPolitics #trumpTariffs #tariffWar
The penguins at Heard & McDonald Islands are also aflutter
Nothing like a #TariffWar with uninhabited islands
The most incoherent haphazard actions that will devastate our economy
1-
www.newsweek.com/trump-recipr...
2-
www.rawstory.com/trump-mocked...
#FullOnCrazy
So let me get this straight. Trump is sparing Russia, Belarus and North Korea from the #tariffwar because they “don’t trade with them”.
Yet they are putting tariffs on the Heard and McDonald Islands just off Antarctica, inhabited only by fucking penguins.
I CALL BULLSHIT.
https://www.reuters.com/world/russia-cuba-north-korea-escape-worst-trumps-tariff-wrath-2025-04-03/
Tariffs on digital services
No soy experto en economía y no tengo ni idea de las medidas que está preparando la UE como respuesta a los aranceles de #Trump, pero la #UE si quiere puede joder vivos a los Estados Unidos (jodiéndonos también a nosotros de paso, es lo que tiene una guerra comercial).
En la primera represalia la #UniónEuropea ha sido muy inteligente, eligiendo muy bien y cuidadosamente ciertos productos aparentemente absurdos y triviales (Levis, Harley Davidson, el bourbon) pero pensados para hacer daño a Trump (productos de fabricación muy localizada y con fuerte impacto económico en un estado clave para Trump, en el estado del presidente republicano del Congreso, etc.). Ahora imagino que ya se estará mirando aplicar aranceles más generalizados.
Lo que digo, y lo que sueño, es que si quiere #Europa puede joder vivo a EE.UU., aparte de poniendo aranceles a productos agrícolas estadounidenses, pues, por ejemplo, se me ocurre que penalizando fuertemente a productos de Hollywood y a plataformas de streaming como Prime, HBO o Netflix. Que cuesten una pasta gansa. Tendremos que ver más producto europeo o, sorpresa, arriba la piratería. Con lo que les gusta.
Y si Trump se pone bruto con eso y responde con aranceles del 200%, pues nada, Amazon fuera de Europa. Y baneados X, Meta y Google.
Que no vamos a tener tantos cojones, pero que sí, que si queremos tenemos la opción de joderles vivos pero bien.
Trump slaps “discounted” 24% tariff on Malaysian goods entering US, tech stocks hit the hardest #donaldtrump #featured #malaysia #news #tariff #tariffwar #tech #us #ustariffonmalaysia
US imposes 25% tariff on South Korean imports, escalating global trade tensions and potentially impacting Korean exports, as markets brace for impeachment ruling
#YonhapInfomax #TariffWar #DollarWonExchangeRate #USReciprocalTariffs #SouthKoreanExports #ImpeachmentRuling #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56913
People Power Party criticizes Democratic Party for impeachment efforts against economic leaders amid U.S. tariff crisis, urging focus on national interests over political power struggles.
#YonhapInfomax #TariffWar #ImpeachmentStalking #PeoplePowerParty #DemocraticParty #TradeNegotiations #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=56908
What a nonsense to simply divide the trade deficit by the total trade and call it "tariff". How many will fall for this deception? #TariffWar
