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#economics
758 posts200 participants102 posts today
BREAKING: Trump has said there is a 90 day pause to reciprocal and 10% tariffs.
BREAKING: Trump is raising tariffs on China to 125%.
A federal appeals court has cleared the way for the Trump administration to terminate probationary employees
BREAKING: Goldman Sachs, $GS, says to brace for a recession, per CNBC
This is unusual.
Before the tariffs were put into place, Democratic US politician Greg Landsman and their spouse sold over a million dollars worth of stocks on March 27.
Since then stocks have dipped globally down nearly 17% after US tariffs.
You can see when they sold in
Replied in thread
@Remittancegirl has a fairly long thread going about it.
Mastodon 🐘Madeleine Morris (@Remittancegirl@mstdn.social)So, I wonder what will happen when Trump doesn’t back down from the 105% tariffs on China, and China calls in US debt.
Trump’s instinct will be to default.
(p.s. Please read down the thread. There are some far more knowledgeable people on the thread than me. I’m using ‘calling in debt’ very loosely. I mean the non-renewal of treasury securities)
https://usafacts.org/articles/which-countries-own-the-most-us-debt/
Paul Graham has said: Trade wars often turn into real wars. I wonder if this is the point where China blockades Taiwan.
The EU has placed 25% tariffs on US almonds, orange juice, poultry, soyabeans, steel and aluminium, tobacco and yachts.
JUST IN: China issues risk alert for Chinese tourists travelling to US
Continued thread
“Hedge funds have trillions tied up in this kind of strategy,” he said. “As things spiral, they’re being forced to sell anything they can — even good assets — just to stay afloat . . . if the Federal Reserve doesn’t step in soon, this could turn into a full-blown crisis. It’s that serious.
“
Nick Lawson, chief executive of investment group Ocean Wall
All the assumptions of investment are stood on their heads. ..
نایاب دھاتوں کا کھیل: چین کا بڑا ہتھکنڈہ
تصور کریں: اپریل 2025 ہے، اور چین نے سات نایاب دھاتوں—جیسے سی? اریئ? ، گیڈولینیئ? ، اور ڈسپروسی? —پر کنٹرول سخت کر دیا۔ یہ نا? شاید سائنس فکشن کے ولن لگیں، ? گر یہ آپ کے آئی فون سے لے کر ایف-35 لڑاکا طیاروں تک ہر چیز کی جان ہیں۔ یہ ? ک? ل پابندی نہیں، بلکہ ایک چالاکی بھرا قد? […]
more from the tariff war front... the EU decides to counter-tariff the US...
... more to come as the situation progresses...
#europeanunion #trumptariffs #trumpadministration #tariffs #globaleconomy #uspolitics #economics #GlobalTrade
https://www.theguardian.com/world/2025/apr/09/eu-to-impose-retaliatory-25-tariffs-on-us-goods-from-almonds-to-yachts
The Guardian · EU to impose retaliatory 25% tariffs on US goods from almonds to yachts
BREAKING: Canada's 25% auto tariffs from the US are in effect, per CNBC
Carmakers are holding thousands of vehicles at US ports and temporarily halting shipments as they seek to minimise the fallout from President Donald Trump’s intensifying trade war, per FT
@economics-that-works
Pray tell economists out there, how do you classify a business owner, corporate executive staff, the billionaire?
Are they labor?
Are they business?
Are they finance?
Y'all have three actors in your models. And these actors are complete garbage. they are fiction they're shit.
If you are stupid enough to average together the income of Bill Gates, with that have somebody working three gig jobs, I would like to suggest to you that your models are shit
Coffee in the US may get even more expensive as President Donald Trump’s sweeping tariff measures hit Vietnam, one of its biggest suppliers, with hefty levies, per FORTUNE
One man's expenditure is another man's income
The premise of economic efficiency is the premise of profit by screwing somebody else's income.
Large corporations exist to become efficient, which means squeezing their customers and suppliers of everything they can. It comes from squeezing the communities of everything they can.
The future is local. This is how we take our world back.
US Treasury Scott Bessent: "For the next four years, the Trump agenda is focused on Main Street. It's Main Street's turn. It's Main Street's turn to hire workers. It's Main Street's turn to drive investment. And it's Main Street's turn to restore the American dream."