tariffs

#Trump demanded on Wednesday that a #FederalReserve governor, #LisaCook, “resign, now!!!,” citing unconfirmed allegations that she *may* have engaged in mortgage fraud. It is the latest sign that the admin is ramping up its campaign to remake the #independent #CentralBank. Trump has pressured the bank to lower #InterestRates, which it has kept steady out of concern that his policies could cause #inflation.

#economy #law #tariffs #trade #immigration #labor #recession
https://www.nytimes.com/2025/08/20/us/politics/trump-fed-resign-lisa-cook-governor.html?smid=url-share

I predict that by Black Friday shopping and Christmas shopping, in general, inflation will be at an all time high - double digits.

#Inflation #Economy #FedRate #Tariffs #USPOL

"US factory activity shrank in August for a sixth straight month, driven by a pullback in production that shows manufacturing remains bogged down by higher import duties tied to President Donald Trump’s trade war."

~ Natasha Solo-Lyons

#Trump #tariffs #economy #manufacturing #inflation #stagflation #taxes #groceries
/1

https://www.bloomberg.com/news/newsletters/2025-09-02/us-manufacturing-shrinks-for-sixth-straight-month-evening-briefing-americas

You are here. #tariffs

ALT

🤨 #Mexico president says US agrees to pause #tariffs for one month — AFP 1/… 🧵

"In the days before #Trump suddenly paused most of the punishing #tariffs on foreign countries he had revealed in early April, more than a dozen congressional lawmakers were tied to 1000s of $worth of stock transactions, incl significant purchases as stock market tumbled"

https://www.cnn.com/2025/06/11/politics/congress-stock-market-trading-trump?cid=ios_app

Lol, Mitch dumps water all over Trump's tariff BS:

Via Igor Bobic:

Whoa: McConnell answered a #Trump question today, on his tariff proposals

“I'm not a fan of #tariffs. They raise the prices for American consumers. I'm more of a free trade kind of Republican that remembers how many jobs were created by the export that we engage in,” he said

🧵via Chris Murphy, in part:

Those trying to understand the tariffs as economic policy are dangerously naive.

No, the #tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition #Trump for relief. #TrumpTax

1/…

#Walmart's announcement today that it plans to raise #prices is expected to open the floodgates for #retail price hikes.

The world's largest retailer—whose brand is inextricably linked to low prices & affordability—said despite the #China #trade deal earlier this week it is too late to avoid higher #costs for #consumers.

#Trump #tariffs #economy #inflation #recession
https://www.axios.com/2025/05/15/walmart-store-prices-trump-tariffs

Remember when #Trump had to subsidize US farmers because his trade war with China caused the country to put retaliatory #tariffs on soy (and other agricultural products)?

Imagine that amplified 1000X and involving multiple countries and various products & industries (beyond agriculture).

And Trump plans to act without Congress, which he has done before and will do again (only likely worse because he will have nothing to lose).

#USPol #economics

1 / 6 🧵
(& bonus)

https://finance.yahoo.com/news/trumps-trade-rhetoric-may-not-be-all-bluster-he-needs-mammoth-tariffs-to-pay-for-everything-else-he-wants-184020428.html

ALT

I’ve seen dozens of stories pointing out that Trump’s tariffs would raise the price of imported goods but few that mention how countervailing duties would also make our exports uncompetitive.

Some companies might move their factories here but industries that export would be fucked. Is this too hard to explain?
#Election2024 #trump #media #tariffs #evonomy

https://www.marketwatch.com/story/trump-tariffs-these-states-would-be-hit-hardest-by-proposed-import-taxes-61488728

#Tariffs

A #Reminder from #FerrisBuellersDayOff to #TeamTrump and the rest of #GOP how that works

I hate when websites don’t let you copy/paste. #Canada #Trump #Tariffs

https://www.cbc.ca/news/canada/toronto/ford-trump-tariffs-canada-reaction-1.7393414

ALT

#TrumpCrash #TrumpTax #tariffs

Closing.

THUD.

Added: via Bloomberg, "The S&P ended the week down 9.1%, the biggest decline since March 2020, while the Nasdaq 100 entered a bear market. "

ALT

They spelled “tax Americans” wrong

“Trump Says He’ll Impose #Canada, #Mexico With 25% #Tariffs on Feb. 1” - Bloomberg https://www.bloomberg.com/news/articles/2025-01-30/trump-says-he-ll-hit-canada-mexico-with-25-tariffs-on-saturday

What's this?

Orange juice for one cent?

These are #Canadian shelves, and these are #American products

This is at a Loblaws in #Ontario, photo taken on Monday

#Canada retailers pretty much have to give #USA products away as Canadians #boycott the #US and #Trump's bellicose verbal diarrhea and #tariffs

#Florida #citrus growers: you voted for this

(ps:

the food banks don't have any room for this juice, because so much unsold American food is already going to the food banks)

#ElbowsUp

ALT

Meanwhile, in the normal world:

https://www.reuters.com/world/americas/ecuador-president-says-new-trade-deal-with-canada-finalized-2025-02-02/

"#Ecuador president says new #trade deal with #Canada finalized"

Apparently, #Trump admires President #McKinley's #tariffs (same guy Trump replaced #Denali's name with)

This fucking moron is trying to recreate antiquated #protectionist bullshit from the #GildedAge that doesn't work in the modern world

#China will expand its trade

Canada and Ecuador and others will bypass the #USA

And the USA will suffer mightily

So fucking stupid

ALT

I think everyone understands that they just have to give Trump an opportunity to claim a win with some bullshit gesture.

And of course our press is always standing by to give him those "wins" regardless of the details.

#trump #maga #tariffs #inflation #media #mexico

https://www.rawstory.com/trump-mexico-tariffs/

#Trump “ #tariffs on steel & aluminum “will not go unanswered,” Eur. Union chief vowed on Tues…will trigger tough countermeasures from the 27-nation bloc. It means iconic U.S. industries like bourbon, jeans, peanut butter, motorcycles should beware” #TrumpTax
https://apnews.com/article/eu-us-tariffs-trump-trade-war-leyen-0b23d25d30428eb288b79bfda4fa25e9

BREAKING:

Jobs report shows a MAJOR SLOWDOWN in labor market since Trump announced tariffs in April.

We can now compare the first 6 months of Trump with the final 6 months of Biden, and it's no comparison.

Over a million jobs created under Biden, less than half that under Trump.

#Trump #Recession #Economy #Unemployment #Tariffs #Jobs #USPol

ALT

“In Canada, a slew of apps has emerged with names such as “buy beaver”, “maple scan” and “is this Canadian” to allow shoppers to scan QR barcodes and reject US produce from alcohol to pizza toppings.”

#trump #fascism #elonmusk #tariffs #TrumpRecession
https://www.theguardian.com/us-news/2025/mar/12/i-feel-utter-anger-from-canada-to-europe-a-movement-to-boycott-us-goods-is-spreading

"We have downgraded our 2025 US GDP growth forecast from 2.4% at the start of the year to 1.7% now (both on a Q4/Q4 basis). ...The reason for the downgrade is that our trade policy assumptions have become considerably more adverse and the administration is managing expectations towards tariff-induced near-term economic weakness."
-Goldman Sachs

Wall Street is telling the #TrumpMusk regime that its approach is wrong, it must make an about face.

#Recession #Tariffs #USPol https://www.bbc.com/news/articles/cz61nn99eg1o

The world’s most widely followed #StockMarket benchmark slid into a correction on Thurs, a drop that underscores how the 2-yr-long bull market [#Bidenomics] is running out of steam in the early days of the #Trump admin.

The move stems from investors’ growing pessimism about the whipsawing policy pronouncements from Trump over the past few weeks. On-again, off-again #tariffs & #MassLayoffs of #FederalWorkers have fomented unease on #WallStreet.

#economy #Trumpcession
https://www.nytimes.com/2025/03/13/business/sp-500-stocks-market-correction.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=2AF81A08-DB10-4E54-BA71-32F938B4D01C

#FederalReserve Chair #JeromePowell is speaking

Says #Trump #tariffs were far higher than expected & that larger than expected tariffs mean higher #inflation, slower growth.

"We face a highly uncertain outlook with elevated risks of both higher #unemployment & higher inflation," undermining both of the #Fed's mandates of 2% inflation & maximum employment, Powell said in prepared remarks for a business journalists' conference.

#ETTTTS #economy #recession #geopolitics #USpol