“Roughly $1.7 trillion is set to be erased from the S&P 500 Index when trading opens Thursday amid worries that #Trump’s sweeping new round of #tariffs could plunge the economy into a recession” #TrumpTax #TrumpCrash
https://www.bloomberg.com/news/articles/2025-04-03/trump-tariffs-set-to-zap-nearly-2-trillion-from-us-stock-market?sref=xuVirdpv?utm_source=bluesky&utm_medium=social&utm_content=business
Just as well Gilead isn't the centre of the Universe it thought it was, the rest of World will manage without it.
Dissecting #Trump tariffs assault on world
"Trump doesn't understand economic basics. Some statements aren’t lies. He just can’t comprehend properly, for example, thinking tariffs can replace income tax.
But that doesn’t matter to Trump or his advisors. All that matters is they want to be bullies"
PANIC! PANIC! PANIC!
lol, imagine thinking this WOULDN'T happen, what an unserious person you would be....
EA on International Media: “Economically Illiterate” #Trump Unleashes His #Tariffs (Scott Lucas/Bertie Ahern/Nora Strecker w Pat Kenny Show)
https://eaworldview.com/2025/04/economically-illiterate-trump-unleashes-his-tariffs/
It all makes sense when you understand Trump is a Russian Asset and Putin sees the strength of the US Dollar as one of the reasons Russia is failing.
Imagine being the British PM and going along with this essentially Russian operation because you got played and you're not actually that smart or cunning.
Zoll-Reaktion: "Reines Appeasement nicht die richtige Strategie"
Die IW-Expertin Sulatan spricht sich im tagesschau24-Interview für eine deutliche Antwort Europas auf Trumps Zoll-Ankündigung aus. EU könne auch die US-Techkonzerne ins Visier nehmen.
@jeffjarvis #Trump and the #MAGA #GOP are literally killing people. And this is NOT the only way they are doing it.
Trump’s second term will be lethal https://www.concordmonitor.com/lethal-President-Trump-administration-public-health-humanitarian-aid-opinion-CM-59547973 #usPolitics
Le considerazioni iniziali e ancora piuttosto a caldo di @phastidio sui super-dazi “reciproci” annunciati da Donald #Trump, in attesa di capire se, quando e come la polvere si poserà e quale sarà il nuovo equilibrio di questo punto di caduta.
https://phastidio.net/2025/04/03/un-paese-emergente-di-nome-usa/
Words matter.
For a moment let's look beyond Trump's nonsense tariff "plan" which is certain to cause global harms.
Please consider the words this abuser chose to use in defending the tariffs:
"our country has been looted, pillaged, raped and plundered”
I understand the economic damage is occupying everybody's thoughts but we must call Trump out for trivializing sexual assault in this way. Allowing these phrases to go unchallenged is harmful to survivors and affects public discourse / social norms.
April is #SAAM (Sexual Assault Awareness Month) - please call out this sad excuse of a man for his mysogynistic, moronic, and ironic phrasing.
@sociology @publichealth #sociology #publichealth #communications #media #Trump #misogyny #abuse #trauma
”When the fate of the world economy is on the line, the malignant stupidity of the policy process is arguably as important as the policies themselves. How can anyone, whether they’re businesspeople or foreign governments, trust anything coming out of an administration that behaves like this?”
—Paul Krugman, Will Malignant Stupidity Kill the World Economy?
#trump
”The key point is that Trump isn’t really trying to accomplish economic goals. This should all be seen as a dominance display, intended to shock and awe people and make them grovel… I’d like to imagine that Trump will admit that he messed up, cancel the whole thing, and start over. But he won’t, because that would spoil the dominance display. Ignorant irresponsibility is part of the message.”
—Paul Krugman
https://paulkrugman.substack.com/p/will-careless-stupidity-kill-the
#trump
U.S. beauty stocks tumble as trump imposes steep tariffs on key manufacturi... - published 03 Apr 2025 #today #China #NYSE #trading #Trump
https://grafa.com/news/retail-u-s--beauty-stocks-tumble-as-trump-imposes-steep-tariffs-on-key-manufacturing-hubs-414174?utm_source=us_news_en&utm_medium=mastodon&utm_campaign=414174
Gibt es eigentlich einen belastbaren Zusammenhang zwischen Exportüberschüssen in einer globalisierten Welt, einer strafsteuerinduzierten Rezession und der Errichtung eines faschistischen (meinetwegen: faschistoiden) Systems? Oder in kurz: Trump wurde vor der Wahl als sozial autoritär, aber wirtschaftsliberal gehandelt. Die Zollpolitik könnte eine Rezession bewirken. Verfolgt diese Administration einen versteckten Plan, oder sind die einfach zu blöd? #Trump #USA #Zölle #Rezession #Faschismus
How were Donald #Trump's tariffs calculated?
Analysts have questioned claims that new tariffs are reciprocal and based on those charged against the US.
#Trump #Tariffs Hit #Antarctic Islands Inhabited by Zero Humans and Many Penguins but no tariffs on #Russia
https://www.wired.com/story/trump-tariffs-antarctic-islands-heard-mcdonald/
Emails Confirm Social Security Administration Canceled Maine Contracts As Political Payback