trumpcession

Egotistical jackass

#Trump said on Thursday all #trade talks with #Canada were terminated following what he called a fraudulent advertisement from Canada in which former & late US President Ronald Reagan spoke negatively about #tariffs.

"Based on their egregious behavior, ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED," Trump wrote on Truth Social.

#economy #inflation #recession #trumpcession
https://www.reuters.com/world/us/trump-says-all-trade-talks-with-canada-are-terminated-2025-10-24/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

US hits $38 trillion in debt

In the midst of a federal government #shutdown, the #US govt’s gross national #debt surpassed $38 trillion Wednesday, a record number that highlights the accelerating accumulation of debt on America’s balance sheet.

It’s also the fastest accumulation of a trillion dollars in debt outside of the COVID-19 pandemic—the US hit $37 trillion in gross national debt in August this year.

#economy #inflation #recession #Trump #trumpcession #Congress
https://apnews.com/article/trump-treasury-debt-ceiling-bessent-09575f13ca95c2f1beb38234b2cbe85b

#Trump announces 10% increase in #tariffs on #Canada

Trump said on Saturday he was increasing tariffs on Canada an additional 10% "above what they're paying now," just days after ending trade talks with #Ottawa over what Trump described as a misleading ad.

#petty #narcissist #economy #inflation #recession #trumpcession
https://www.reuters.com/business/trump-announces-10-increase-tariffs-canada-2025-10-25/?utm_source=braze&utm_medium=notifications&utm_campaign=2025_engagement

#Layoffs accelerated in October, pushing 2025 job cuts to levels typically seen in a #recession, acc/to newly released data from Challenger, Gray & Christmas, a private firm that tracks workplace reductions.

#US employers have announced 1.1 million layoffs so far this year — the largest reading since the pandemic recession & on par with 2008 & 2009 job cuts during the Great Recession, the firm’s figures show.

#economy #Trump #tariffs #inflation #trumpcession
https://www.washingtonpost.com/business/2025/11/06/job-cuts-accelerate-october-layoffs-trump/

Trump’s support among voters is fading fast, but Congressional Republicans refuse to acknowledge their peril, as they succumb to nearly all of his demands.

⚡️”The gap between voters saying their vote is anti-Trump and those saying it’s pro-Trump is larger than ever.

It’s also the largest such gap since 2006.”
-A Blake
#DementiaDon #Fascism #TrumpShutdown #Shutdown #Trumpcession #Economy #NoKings #Sadism #Protest #USPol
https://www.cnn.com/2025/11/08/politics/anti-trump-vote-virigina-new-jersey

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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

U.S. #stocks tumble on global #TradeWar fears over new #tariffs

#Trump's sweeping tariff announcement Wednesday triggered a sharp drop in U.S. stock markets, a flashing-red warning sign of the economic fallout that's expected to result from the widening trade war.

The Dow Jones Industrial Average tumbled over 1,200 points, or 2.9%, Thursday within minutes of the opening bell. The broader S&P 500 index sank 3.4%.

#economy #recession #trumpcession
https://www.npr.org/2025/04/03/nx-s1-5350576/u-s-stocks-fall-tariffs-global-trade-war

#Trump on Saturday released letters imposing new 30% #tariffs on imports from #Mexico & the #EU, dashing hopes for #trade deals that would avoid such punishing levies. The tariffs will take effect Aug 1.

#economy #inflation #recession #trumpcession #RevengePolitics
https://www.nytimes.com/2025/07/12/us/politics/europe-eu-tariffs-trade.html?smid=url-share