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#recession

254 posts132 participants0 posts today
Public
Bohemian Peasant

#Congress can stop these STUPID #tariffs immediately by passing legislation to rein in Trump’s tariff powers.

If I was a CEO, I’d be pulling out that list of politicians that I gave money to in the last election and turning the screws on them.

Of course there may need to be a veto-proof majority to pass this legislation but if the donation spigot is turned OFF, there might be a chance of convincing a more recalcitrant politicians.

#tradewar#recession#economy
Public
Nonilex

#WallStreet rally evaporates as hopes wane for #tariff delays & *deals*

The S&P 500 closed down below 5,000 for the first time in almost a year following Tue's volatile session & a morning rally.

Investor hopes faded for any imminent #US delays or concessions on #tariffs ahead of #Trump’s 104% duties on #China imports starting at midnight.

#economy #inflation #recession
reuters.com/world/us/donald-tr

Public
Nonilex

#Congress #Trade hearing: Jamieson Greer, the US trade rep, defended the aggressive #tariffs imposed by #Trump in a hearing before the #Senate #Finance Cmte, pointing to requests from dozens of nations to strike new trade deals as proof the strategy is working. Financial #markets regained a *measure* of calm after 3 days of #market turmoil unlike anything seen since the early days of the coronavirus #pandemic.

#economy #inflation #recession #trumpcession #RevengePolitics
nytimes.com/2025/04/08/us/poli

In testimony to the Senate Finance Committee, Jamieson Greer, the U.S. trade representative, said about 50 countries had reached out to discuss how to “achieve reciprocity on trade.”
The New York Times · Trump Maintains 104% China Tariffs as U.S. Officials Signal Openness to TalksBy Ana Swanson
Public
Old White Dude

The Democrats Won’t Acknowledge the Scale of Trump’s Tariff Mess

I see that #Democrats need to appease #unions, but this response is wrong. We need to say that felon Trump has no plan! Tariffs need to be applied surgically, not with a sledge hammer.

#trumptariffs #inflation #recession #corruption #uspolitics

theatlantic.com/ideas/archive/

The Atlantic · The Democrats Won’t Acknowledge the Scale of Trump’s Tariff MessBy Jonathan Chait
Public
Kim Perales

“We've offered 0-for-0 tariffs for IND goods as we've successfully done with many other trading partners. Europe is always ready for a good deal. So we keep it on the table” -von der Leyen.

Trump on Mon: "The deal isn’t enough. I always say (the EU) was formed to really do damage to the US & trade -the reason it was formed.”

Outlandish rant is his way of saying, no, he won’t accept -a refusal that'll likely result in:🚨retaliatory #tariffs -as #recession looms.

#USPol newrepublic.com/post/193705/do

The New Republic · Trump Forgets Basic European History in Bizarre Tariff RantDonald Trump unloaded on the European Union.
Replied in thread
Public
MugsysRapSheet 🔩🐑🐘

@br00t4c
If Americans can't afford your product b/c #TheOrangeMenace made them too expensive, foreign corporations will just look for customers elsewhere.

And *smart* countries (#China) looking to destroy the American economy (even more than #DonnieDumbass is doing on his own), they'll make it cheap & easy to sell in *their* country so that FEWER products are sent to the U.S., creating a shortage that causes prices to rise, tossing the U.S. into a deep #Recession. #DisasterPresidency

Public
Alo Japan

alojapan.com/1240786/japanese- Japanese Yen trims part of modest intraday gains amid positive risk tone #boj #Japan #JapanNews #Japanese #JapaneseNews #news #recession #SEO #TradeWar #usdjpy The Japanese Yen attracts some dip-buyers and reverses a part of the overnight losses.BoJ rate cut bets and growing recession fears drive safe-haven flows towards the JPY.Dovish Fed expectations weigh on the USD and also exert pressure on USD USD/JPY. The Japanese Yen (JPY) trims a par…

Japanese Yen trims part of modest intraday gains amid positive risk tone
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