“History repeats itself first as tragedy, then as farce, and finally as Pee Wee German shouting about the economic genius of the Dear Leader on Fox News.”
- Karl Marx
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Full List of Countries Not Hit With Reciprocal Tariffs by Donald Trump https://www.byteseu.com/909702/ #Belarus #DonaldTrump #economy #tariffs #U.S.Politics
After #China unveiled steep retaliatory #tariffs on American exports on Wed, #Treasury Secy #ScottBessent issued a sharp & surprising response: “So what?”
The loss of China as an export market will deal a particularly hard blow to #agriculture in red states, hitting the voters who helped #Trump win. On Wed, Trump ratcheted US tariffs on China even higher. #Farmers are concerned that a protracted #TradeWar w/China will cut off ties w/their largest export market.
#economy
https://www.nytimes.com/2025/04/10/business/economy/trump-tariffs-china-farmers.html?smid=url-share
The New York Times · Trump’s Tariff Fight With China Poses New Threat to US Farmers
Suite du fil
“Rare, ugly & worrying.” That is how Krishna Guha, vice chair at Evercore ISI, described the combination of #market moves today, which saw US govt #bonds sell off & the dollar weaken against a basket of leading currencies, while #stocks sold off sharply. In the last 30 years, he said, there are only 4 other episodes in which the US #dollar index depreciated more than 1.5% with the yield on U.S. 30-year govt debt up more than 0.1% point.
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Asked about the ongoing sell-off in #FinancialMarkets, Goolsbee acknowledged that there is “a lot of selling pressure in an environment where it’s uncertain whether we’re going to enact this largest tariff in 100 years — & it might be bigger than that,” he said. “We’ve had a big increase in the amount of debt worldwide, so that just amps up the scrutiny on #bonds.”
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Speaking to reporters on Thursday, Austan Goolsbee, who as president of the #Chicago #Fed will vote on policy decisions by the central bank this year, said a 10% tariff on the rest of the world without any exemptions will “materially increase #inflation in the near-term & have a somewhat serious impact upon output.”
The S&P 500 tumbled 3.5% on Thursday, signaling renewed investor concern about the worsening #TradeWar with #China & the destabilizing effects of #Trump’s #tariffs.
Few corners of the stock market were spared from Thursday’s slump. More than 80% of the stocks in the S&P 500 ended the day lower. The energy sector led declines as oil prices tumbled, another harbinger of slowing global growth.
#economy #inflation #recession
https://www.nytimes.com/live/2025/04/10/business/trump-tariffs-stocks/heres-the-latest?smid=url-share
The New York Times · Trump Tariff Live Updates: Stock Market Tumbles Again as Trade War With China Worsens
https://www.europesays.com/1984347/ Trump pointing to insiders in the Oval Office yesterday and declaring how much each one of them made after he allegedly pumped the market, while everyone laughs #Economy
https://www.europesays.com/1984208/ Rate cuts still possible if economy gets back on track #AustanGoolsbee #Economy #Fed #InflationExpectations #InterestRateCuts #PresidentDonaldTrump #PresidentOfTheFederalReserveBankOfChicago
https://www.europesays.com/1984148/ Americans value Canada-U.S. trade more than other partnerships: polling – National #Canadá #DonaldTrumpTariffs #Economy #U.S.News
TARIFF SURCHARGE
It seems to me nearly everyone has more knowledge than this guy.
: #democrats #economy #tariffs #useconomy #uspol #uspolitics :
Cui Bono? The news "they don't want you to know"
The articles on the page below were curated & extracted by ManyRoads. These materials were largely absent from the world press. Stay informed! 10 April 2025.
#USA #News #Fascism #Economy #GDP #Oligarchy #FreeSpeech #Freedom #Constitution #NATO #World #Technology #Threats @pluralistic @benroyce @heidilifeldman
eirenicon llc · 10 April 2025 – Cui Bono?<< Return to Cui Bono? Overview The following articles were curated & extracted by ManyRoads. These materials were largely absent from the world press. Please, stay informed! Russian Prosecutors Seek Nearly 6-Year Sentences for Journalists in Moscow Trial Russian prosecutors have requested nearly six-year prison sentences for four journalists accused of collaborating with the banned […]
https://www.europesays.com/1984020/ Is Trump Pulling Off the Biggest Financial Fraud in History? A Dire Warning #Economy
Trump’s Tariffs Buck the Global Neoliberal Order — But Still Serve the 1 Percent
Trump’s tariffs threaten to widen inequality in the US, making the rich richer and impoverishing the working class.
voices.murica.websiteTrump’s Tariffs Buck the Global Neoliberal Order — But Still Serve the 1 Percent – The USA Potato
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The USA Potato
"What we saw in the UK in the 1980s under Margaret Thatcher's government was just how quickly the free market transitioned from a radical idea into the new reality. Then before long it became what many assumed was the system that would last forever."
BBC NewsI thought the free market was forever - then Trump came alongWhy the reign of the free market is facing its biggest ever challenge
The damage to the US's reputation is already done, and you cannot fix it by delaying #tariffs for 90 days. The #economy is suffering. Even without being an expert, it's clear that trust in #US #Treasury #Bonds won't return to the same level, even after #Trump is gone. There is a small window for #Congress to impeach him and show that they are capable of handling the situation, but unfortunately, the #Republicans don't have the courage to do so.
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No one, apparently, is willing to prevent a single man from destroying the world #economy, wrecking financial #markets, forcing this country & other countries into #recession if that’s what #Trump feels like doing when he gets up tomorrow morning.
This is what arbitrary, absolute power looks like. And this is why the men who wrote the #Constitution never wanted anyone to have it.
https://www.europesays.com/fr/15414/ Trump confirme des droits de douane «énormes» à venir sur les produits pharmaceutiques – Libération #Business #DonaldTrump #Économie #Economy #EtatsUnis #FR #France #GuerreCommerciale
