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#Tariff

350 posts263 participants20 posts today
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C.

#USPol

So after driving the world's largest economy off a cliff, causing precipitous declines in the stock markets for two days, what did Trump choose to do?

He took another long weekend off to cheat at golf, of course. Why should his lifestyle be affected by the chaos and destruction he's unleashing?

Note: when a billionaire [1] says there may be some short-term pain due to his economic policies, he means pain for you. Never him, or his buddies.

And finally, on his way back to D.C., he made a few remarks about the economy and markets, claiming everything was fine. The chilling part is that his words made absolutely clear that he does not understand the difference between a trade deficit and a budget deficit.

I'll repeat that for those in the back: THE MAN IN COMMAND OF THE MACHINERY THAT CONTROLS THE US ECONOMY DOES NOT KNOW THAT A TRADE DEFICIT AND A BUDGET DEFICIT ARE DIFFERENT THINGS.

After understanding that, if you still believe that his actions are going to result in a stronger US economy after some "short term" pain, I have a bridge to sell you.

[1] I don't think Trump was actually a billionaire before the last election. He had lots of claimed-expensive assets, but was leveraged heavily on almost everything. His net worth was probably low hundreds of millions, max. But he's grifted massively since then, and probably is now..

#Trump#economy#recession
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PKPs Powerfromspace1

@JuliaDavisNews

#Trump’s #Tariff ‘Buffoonery’ Elates Russian TV Propagandists

“In reality, a monument should be erected to him,” Vladimir Solovyov said. “This was a major blow to the system of capitalism.”

My latest for @thedailybeast.bsky.social:

thedailybeast.com/trumps-tarif

MOSCOW, RUSSIA - FEBRUARY 01: A shop assistant watches TV screens in a shop during the broadcasting of Russian President Vladimir Putin's annual address to Russian and foreign media in Kremlin, February 1, 2007 in Moscow, Russia. Putin denied accusations that Russia is using its vast energy resources to exert pressure on other countries. Russia is currently enjoying unprecedented wealth and power as an energy supplier, but some have questioned its reliability. (Photo by Dima Korotayev/Epsilon/Getty Images)
The Daily Beast · Putin’s TV Goons Jump for Joy at Trump’s Tariff ‘Buffoonery’By Julia Davis
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Alo Japan

alojapan.com/1239589/japan-tai Japan, Taiwan, Hong Kong stocks sink 9% amid Trump’s tariff war #9 #hong #Japan #kong #news #Sink #stocks #Taiwan #tariff #Tokyo #TokyoNews #Trump's #war #東京 #東京都 TOKYO — Japanese stocks fell sharply in Monday morning trading amid a global market rout caused by an intensifying U.S. trade war and last seen during the COVID-19 pandemic. The bellwether Nikkei Stock Average nosedived 8.8% to 30,792.74, hitting the lowest intraday level…

Japan, Taiwan, Hong Kong stocks sink 9% amid Trump's tariff war
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