LONDON/SYDNEY, April 9 (Reuters) - Global markets took a pummelling on Wednesday as President Donald Trump's eye-watering 104% tariffs on China came into effect, and a savage selloff in U.S. bonds sparked fears that foreign funds were fleeing U.S. assets. ...
The Republican Party isn’t “drifting toward authoritarianism.” It’s sprinting. Third term talk, coup blueprints, Constitution in the shredder. This is the endgame and they’re laughing.
Anyone ascribing thoughtful intent to trump has no fucking clue. He's a goddamn muppet.
Though we risk the abyss staring back when we attempt to gaze into Trump’s mind, we do need a grasp of his thinking on three fundamental questions: why does he believe that America is exploited by the rest of the world? What is his vision for a new international order in which America can be “great” again? How does he plan to bring it about? Only then can we produce a sensible critique of Trump’s economic masterplan.
What fucking master plan? This fucking lobotomized baboon cannot formulate plans. Plans are formulated for him, and he, wittingly or not (mostly not), carries them out.
So why does the President believe America has been dealt a bad deal? His chief complaint is that dollar supremacy may confer huge powers on America’s government and ruling class, but, ultimately, foreigners are using it in ways that guarantee US decline. So what most consider to be America’s exorbitant privilege, he sees as its exorbitant burden.
Holy shit, this dude is projecting some degree of normal cognition onto Trump, as if he is able to crystallize truth and internal consistency from the noise. As if he's... intelligent.
Varoufakis is not a dumb man. But he is so myopic. The obvious answer is sometimes obvious because it's actually the fucking answer.
Donald Trump had a plan. It was not a good plan, or even a plausible one. But it was, at least, a coherent plan: By imposing large trade barriers on the entire world, he would create an incentive for American business to manufacture and grow all the goods the country previously imported. ...
Jesus fuck. Apparently, people don't get that he does what he does because he has Putin's hand up his ass. FFS, what more could he possibly do to convince you? Give away Alaska?
President Donald Trump isn’t attending the dignified transfer of four American soldiers who died in Lithuania, because he has instead chosen to attend a Saudi-backed golf tournament at his country club in Doral, Florida.
The current president is a fucking rapist felon traitor. And you're lecturing people about "qualified"? Fuck off. You parasites are unworthy of the oxygen you draw.
The lesson couldn't be clearer that we need someone genuine, someone full of piss and vinegar, someone fearless. It should have been Bernie. Well, she's our Bernie now. Just quite a bit younger, which is a clear advantage.
Russia was not included in the countries hit by Trump's tariff. The press secretary say it's because previous sanction "preclude any meaningful trade," but other countries that do even less trade, such as Syria, were on the list.
Whats your favourite four letter word?
Estonian navy detains, boards Russia-bound oil tanker in Baltic Sea ( www.reuters.com )
Archive: tbc ...
Russia asks US to lift sanctions on its largest airline ( kyivindependent.com )
I shouldn't care but I do. My father has been so absent throughout my whole life
Hi everyone. I created this community here on Lemmy because I wish to give others what I have never felt: the love and the support of a father. ...
Fund managers worry Trump might be “insane” ( newrepublic.com )
Summary ...
China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump ( www.cnbc.com )
Stocks tumble again as Trump hits China with 104% tariffs, Treasuries slammed ( www.reuters.com )
LONDON/SYDNEY, April 9 (Reuters) - Global markets took a pummelling on Wednesday as President Donald Trump's eye-watering 104% tariffs on China came into effect, and a savage selloff in U.S. bonds sparked fears that foreign funds were fleeing U.S. assets. ...
Scoop: At least a dozen House Republicans mull defying Trump on tariff bill ( www.axios.com )
Summary ...
What are your last-minute purchases before tariff hell begins?
Got the parts to fix my air conditioner in my car, and a used phone, and a retro handheld I had been putting off. ...
Thanks, Nixon
China and US are at each other's throats on tariffs, and neither is backing down ( www.bbc.com )
Republicans Ted Cruz, Rand Paul speak out on risks of Trump tariff policy ( abcnews.go.com )
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The GOP Is the Most Dangerous Organization in America ( www.theindex.media )
The Republican Party isn’t “drifting toward authoritarianism.” It’s sprinting. Third term talk, coup blueprints, Constitution in the shredder. This is the endgame and they’re laughing.
Schatz expands holds to more than 300 Trump nominees ( www.axios.com )
Summary: ...
Trump Orders Four Mile Military Parade for His 79th Birthday ( www.thedailybeast.com )
geteilt von: ...
Think twice before bailing out of the stock market, financial advisers say ( apnews.com )
Trump trashes China for ignoring his warning not to retaliate over tariffs ( www.newsweek.com )
Summary ...
You Will Be Hotter, Dirtier and Poorer | Trump’s tariff-palooza is part of a whole-of-government approach to reversing as much climate progress as he can in as little time as possible. ( www.bloomberg.com )
JPMorgan CEO Jamie Dimon says Trump tariffs will boost inflation, slow an already weakening U.S. economy ( www.cnbc.com )
KEY POINTS ...
Cryptocurrency entrepreneur eats banana he bought for $6.2m ( www.bbc.com )
Treasury Secretary Bessent blames Trump tariff sell-off in markets on deflating AI bubble: ‘That’s a Mag 7 problem, not a MAGA problem’ ( finance.yahoo.com )
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Trump Has Already Botched His Own Bad Tariff Plan ( www.theatlantic.com )
Donald Trump had a plan. It was not a good plan, or even a plausible one. But it was, at least, a coherent plan: By imposing large trade barriers on the entire world, he would create an incentive for American business to manufacture and grow all the goods the country previously imported. ...
LinkedIn’s cofounder Reid Hoffman says seeking work-life balance is a red flag that you’re ‘not committed to winning’ ( fortune.com )
MAGA clown sees her retirement disappearing (more in comments)
https://sh.itjust.works/pictrs/image/f6ad3f41-e1bd-4817-85b7-5d34d23d3328.jpeg ...
'There Will Be Blood': JPMorgan Hikes Odds of Trump-Triggered Recession to 60% ( www.commondreams.org )
Russia Executes P.O.W.s Without Caring Who Watches, Ukraine Says ( www.nytimes.com )
EU may “make an example of X” by issuing $1 billion fine to Musk’s social network ( arstechnica.com )
Trump blows off honoring dead soldiers to attend golf tournament. ( www.dailykos.com )
President Donald Trump isn’t attending the dignified transfer of four American soldiers who died in Lithuania, because he has instead chosen to attend a Saudi-backed golf tournament at his country club in Doral, Florida.
Trump demands France ‘free Marine Le Pen’ ( www.telegraph.co.uk )
Summary ...
Amazon wants to buy TikTok ( www.gsmarena.com )
TIL About the Smoot-Hawley Act, Which was the 20% Across the Board Tariff That Deepened the Great Depression and Resulted in the Largest Senate Seat Loss in History ( en.wikipedia.org )
cross-posted from: ...
Trump tells UK to buy chlorinated chicken from US if it wants tariff relief ( www.independent.co.uk )
Summary ...
Head of NSA and Cybercommand Is Ousted ( www.nytimes.com )
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Russia not on Trump's tariff list ( www.bbc.com )
Russia was not included in the countries hit by Trump's tariff. The press secretary say it's because previous sanction "preclude any meaningful trade," but other countries that do even less trade, such as Syria, were on the list.
'Trust in President Trump,' White House says, defending his tariffs amid backlash ( abcnews.go.com )
I trust that the US will lose it's competitive edge that some be recoverable and will fall into a recession.
Live updates: Trump announces sweeping tariffs ( apnews.com )
Among the reciprocal tariff levels Trump announced: ...