"Now we’ve become a country whose government claims the right to kidnap people whenever it likes and ship them to foreign gulags. Who wants to be allied with such a government? Who will trust such a government to keep its word on anything?"
"America’s ability to fight a trade war is severely damaged by our descent into authoritarian rule. A few months ago other advanced countries might have been inclined to take our side because of shared democratic values."
~ Paul Krugman
#Trump #tariffs #TradeWar #authoritarianism
/1
https://paulkrugman.substack.com/p/why-trump-will-lose-his-trade-war
CA Gov Newsom said Wed that his state plans to sue in an attempt to block Trump's sweeping tariff regime.
CA, the 5th-largest economy in the world, could lose $Bs in Trump's trade war with CN. The lawsuit marks the 1st time a state has sued Trump over his market-rattling levies that sent ripples through the global economy.
Lawsuit argues: Trump's use of the INTL Economic Emergency Powers Act to impose his levies w/o congressional approval was unlawful.
#USPol #Tariffs https://www.axios.com/2025/04/16/california-sue-trump-tariffs-newsom-china
"The West as we knew it no longer exists,' von der Leyen says amid Trump tensions."
"#Europe is still a peace project. We don't have bros or oligarchs making the rules. We don't invade our neighbours, and we don't punish them," #Ursula von der Leyen said in a wide-ranging interview with the Zeit newspaper.
#premarket
#investing
#recession
#tariffs
https://www.euronews.com/my-europe/2025/04/16/the-west-as-we-knew-it-no-longer-exists-von-der-leyen-says-amid-trump-tensions
“ #Trump #tariffs will send global trade into reverse this year, warns WTO
World Trade Organization says trade between US and China is expected to plunge by 81% in ‘decoupling’” #TrumpTax
https://www.theguardian.com/us-news/2025/apr/16/trump-tariffs-will-send-global-trade-into-reverse-this-year-warns-wto?CMP=Share_iOSApp_Other
The WTO warned on Wed that the outlook for global trade has deteriorated sharply due to a surge in #tariffs & trade policy uncertainty." Based on the tariffs -in place, +90-day suspension of “recip tariffs,” the volume of world merchandise trade is now expected to
by 0.2% in 2025 -anticipated to be particularly steep in N America -exports: forecasted toby 12.6% this yr.
Rs continue to enable Trump's destructive agenda -affecting the global #economy.
#Trumpcession #USPol https://www.cnbc.com/2025/04/16/global-trade-outlook-for-2025-has-deteriorated-sharply-wto-warns.html
BREAKING: #California Governor Gavin Newsom says the state is suing to halt #Trump ’s #tariffs, citing harm to consumers and businesses #TrumpTax
https://www.bloomberg.com/news/articles/2025-04-16/california-s-newsom-says-state-to-sue-over-trump-s-tariffs
The trade war is ratcheting up tensions between Beijing and Washington. Taipei needs to be more prepared. https://www.japantimes.co.jp/commentary/2025/04/15/world/taiwan-is-under-siege/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #donaldtrump #xijinping #taiwan #china #us #trade #tariffs #defense #laichingte
Trump's White House:
China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions.
#AureFreePress #News #press #headline #GOP #Politics #uspolitics #uspol #tariffs
Hong Kong suspends postal service to the US after tariff hikes — postal service will stop handling packages coming from or going to the United States
#AureFreePress #News #press #headline #GOP #Politics #uspolitics #uspol #tariffs
The WH said CN is facing up to a 245% tariff on imports to the US as a result of its retaliatory actions.
Trump launched an investigation into the nat sec risks posed by US reliance on imported processed critical minerals & their derivative products.
Cutting off Chinese imports
complicates American supply chains,
costs & forcing bus' to source from elsewhere. Consumers faceprices.
Trump is intentionally wrecking the fed govt/economy for #privatization.
#USPol #Tariffs https://www.newsweek.com/china-245-trump-tariff-2060295
Unless Beijing brings out the big stimulus, weakening the currency is the easiest way to offset Trump’s tariffs. https://www.japantimes.co.jp/commentary/2025/04/16/japan/devalue-the-yuan/?utm_medium=Social&utm_source=mastodon #commentary #japan #china #yuan #usdollar #monetarypolicy #chineseeconomy #trade #tariffs
“…you can’t make deals with other countries unless foreign governments believe that you will honor the agreements you make. Trump has already destroyed U.S. credibility on that front, ripping up all our existing trade agreements, then making wild changes in his own tariffs every few days.”
—Paul Krugman, Why Trump Will Lose His Trade War
https://paulkrugman.substack.com/p/why-trump-will-lose-his-trade-war
#trump #usa #tariffs #tradewar
Hong Kong on Wednesday said it would stop mailing goods to the U.S. amid Washington's "bullying,"
> #Hongkong Post announced that it would stop accepting surface mail parcels destined for the #US with immediate effect, considering the delivery time to cross the Pacific, as the duty-free "de minimis" treatment for goods worth $800 or less will be abolished May 2. https://archive.is/2025.04.16-111914/https://asia.nikkei.com/Economy/Trade-war/Hong-Kong-stops-U.S.-bound-parcels-strikes-defiant-tone-on-tariffs #DonaldTrump's #TradeWar #China #tariffs
https://www.alojapan.com/1248566/trump-calls-the-u-s-japan-alliance-one-sided-tokyo-says-otherwise/ Trump calls the U.S.-Japan alliance ‘one-sided.’ Tokyo says otherwise. #China #defense #DonaldTrump #news #SDF #ShigeruIshiba #tariffs #Tokyo #TokyoNews #trade #u.s. #U.S.BASES #U.S.MILITARY #U.S.JapanRelations #東京 #東京都 U.S. President Donald Trump has railed against his country’s alliance with Japan, calling the partnership — which turns 65 this year — unfair and “one-sided.” “We defend them, but they don’t have to defend us,” Trump said sudd…
On #organizations:
Here "Sociopaths" is a shorthand for the Protestant-Ethic will-to-power types who drive an organization to function despite itself.
"Among the Sociopaths, status is irrelevant. Table stakes and skill at using them is what matters. Sociopaths pay attention to what you have, and how well you bargain with it. Not who you are."
https://www.ribbonfarm.com/2010/10/14/the-gervais-principle-iv-wonderful-human-beings/
Bank of Japan Gov. Kazuo Ueda said U.S. President Donald Trump’s tariff campaign has brought the economy to a "bad scenario" that could force the central bank to make a policy response, the Sankei newspaper has reported. https://www.japantimes.co.jp/business/2025/04/16/economy/ueda-us-tariffs/?utm_medium=Social&utm_source=mastodon #business #economy #boj #kazuoueda #japaneseeconomy #us #tariffs
China halts delivery of Boeing jets
> Chinese #airlines are under instructions not to take delivery of planes from #US manufacturer #Boeing, according to a Bloomberg report. It comes as trade war between Beijing and Washington continues to gain momentum. https://www.dw.com/en/china-halts-delivery-of-boeing-jets-report/a-72248102 #China #tradewar #tariffs #aviation
