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#tariffs

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"Usually when a #recession is in the offing, government bond prices rise as investors look to a ‘safe haven’ from a stock market crash. But this time, bond prices and the dollar rate are also diving – as fears of rising inflation and worries about the security of holding dollar assets take over. The fall in the stock and bond markets are presaging the big fall in production and employment in the US and elsewhere".
thenextrecession.wordpress.com 🧵

Michael Roberts Blog · Trump’s slumpToday, President Donald Trump implemented his new range of tariffs on US imports called reciprocal tariffs.  In addition to those announced last Wednesday (Liberation day), Trump included an extra …

“If JD Vance thinks that he’s dealing with peasants in China, then I’m proud to be a descendant of the peasants, most of us are. That’s our tradition. We are farmers, but now we are one of the leading industrialised economies in the world.”

Victor Gao is a Chinese lawyer, businessman, and academic. He is an expert on international relations at Soochow University, where he is a Chair Professor.

Here is is being interviewed by Britain's Channel 4 News.

Trump is using a lie to create a crisis. Then, he's using the crisis to expand his power. We can't normalize 'emergencies' manufactured for political gain. Doing so would risk the foundation of democracy itself.

We can't afford to fight these battles one emergency at a time. We must expose the playbook, reject the lie, and refuse to let fear become the foundation of law.

The frame — and the future — is still ours to shape.

theframelab.org/unveiling-trum

FrameLab · Trump’s Fake Emergency Over Trade Deficit ExposedTrump’s trade war is based on a fake economic emergency, distorting facts to justify tariffs, gain power, and threaten U.S. stability.
#FrameLab#Resist#Trump

The silence of corporations in response to Trump's ruinous tariffs is evidence that the country is sliding toward autocracy. There is a widespread belief that government power will be used to punish critics. And there is skepticism that the laws restraining such abuses of power, including the Constitution, will be enforced.

popular.info/p/trump-tariffs-c

Trump can remain insane longer than you can remain alive

“And their concern is that the White House is not acting rationally, but rather on ideology. And some even fear that this may not even be ideology,” he added. “A few have quietly wondered if the President might be insane.”

independent.co.uk/news/world/a

The Independent · Fund managers quietly fear Trump doesn’t have a tariff plan and that he ‘might be insane’Par Gustaf Kilander

Ontario collected about $260,000 from the one day an electricity surcharge was in effect on exports to the United States

> Premier #DougFord announced on March 10 that #Ontario was placing a 25-per-cent #surcharge on #electricity the province sends to 1.5 million homes in three states as one retaliatory measure against tariffs imposed on Canadian goods by U.S. President #DonaldTrump.
theglobeandmail.com/business/a #TradeWar #Canada #tariffs

The Globe and Mail · Ontario collects $260,000 from one-day electricity surcharge on U.S. exportsPar Allison Jones

Maga republicans are in it to get rich off the back of the working class. They keep the rest of the base occupied by constantly feeding into their hatred/racism/misogyny, and in return they keep their vote which keeps them in power. This smokescreen is all to protect the grift.