If #Trump is allowed back in the #WhiteHouse, he and his team of pariahs and lunatics are planning to devalue the Dollar in some insane and misguided effort to boost American exports. But the move would send the US #inflation rate through the roof, and destabilize the #globalEconomy. It's a plan supported by #PeterNavarro, so you know it's the exact wrong thing to do. Please consider the damage a Trump presidency would do, and commit to #VoteBlue.
globaleconomy
#Trump threatens 50% #tariffs on #EU & 25% penalties on #Apple as his #TradeWar intensifies
Trump on Fri threatened a 50% #tax on all imports from the #EuropeanUnion & a 25% tariff on Apple products unless #iPhones are made in US.
The threats, delivered on social media, reflect his ability to disrupt the #GlobalEconomy with an outburst of typing, & the reality that his tariffs have yet to produce the deals he is seeking or the return of domestic manufacturing.
#economy
https://apnews.com/article/trump-tariff-apple-iphone-tax-170021e8fad22878d0183b5d48971087
#War in the #MiddleEast has upended the #world #economy, the #IMF said Tues, warning in a report that disruptions to #oil markets could slow growth, fuel #inflation & raise the possibility of a global #recession.
The sober message came after the #GlobalEconomy had largely weathered a #pandemic, #Russia’s war in #Ukraine & soaring inflation without tipping into a recession. But #Trump’s decision to initiate a war in #Iran has stopped the world economy in its tracks.
#FDT
https://www.nytimes.com/2026/04/14/business/iran-war-imf-economic-growth.html?smid=nytcore-ios-share
#GlobalEconomy, Hit by #IranWar & #Inflation, Faces Sharp Slowdown
The #IMF projected world output growth would fall to 3% for the year, a number pushed down by high commodity prices.
#TrumpsWar #idiocracy #kakistocracy #Trump #Netanyahu #InternationalLaw #law #Congress #WarPowers #geopolitics #NationalSecurity #MiddleEast #economy #inflation #affordability #CostOfLiving #oil #energy #EnergyCrisis
https://www.nytimes.com/2026/07/08/business/economy/imf-world-economy-inflation.html?smid=nytcore-ios-share