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#protectionism

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Miguel Afonso Caetano<p>"Japan’s finance minister has publicly identified the country’s more than $1tn holdings of US Treasuries as a “card” in its trade negotiations with the Trump administration, in a rare baring of teeth by America’s closest ally in Asia.</p><p>Speaking during a television interview on Friday, Katsunobu Kato was asked whether Japan would use its traditional stance as a non-seller of Treasuries as a tool in trade talks with Washington.</p><p>“It does exist as a card,” said Kato, adding that “whether or not we use that card is a different decision”.</p><p>Japanese holders, including the government, own $1.13tn of Treasuries, the largest hoard held by a foreign nation.</p><p>There is no suggestion that Tokyo is considering any sales of official Treasury holdings. But traders said that even the reference to such an action as a “card” could add to volatility in a US bond market that has lurched violently since April 2 when Donald Trump announced sweeping “reciprocal” tariffs on US trade partners."</p><p><a href="https://www.ft.com/content/912f861f-26c8-4bcd-aca0-75a09e5767cc" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ft.com/content/912f861f-26c8-4</span><span class="invisible">bcd-aca0-75a09e5767cc</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/Japan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Japan</span></a> <a href="https://tldr.nettime.org/tags/PublicDebt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PublicDebt</span></a> <a href="https://tldr.nettime.org/tags/USTreasuries" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USTreasuries</span></a></p>
acemaxx<p>Contrary to Donald Trump's hopes, his <a href="https://econtwitter.net/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a> will not lead to more German companies moving to the US and creating jobs there, chart @reuters.com <a href="https://www.reuters.com/business/autos-transportation/some-european-companies-question-us-expansion-amid-tariff-chaos-2025-04-25/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/business/autos-tra</span><span class="invisible">nsportation/some-european-companies-question-us-expansion-amid-tariff-chaos-2025-04-25/</span></a></p>
Miguel Afonso Caetano<p>"In Finland, manufacturing accounted for 24 percent of GDP. By 1991, it had declined to 17. In Sweden, manufacturing as a share of GDP declined from 21 to 16 percent during the same period. But by the early 2000, Finland brought its manufacturing share of GDP back up to 24 percent, and Sweden raised its manufacturing share of GDP to 20 percent.</p><p>The same trend can be observed in Singapore. Singapore experienced quite a significant decline in manufacturing in the mid-1980s, from 27 percent to 20 percent. But by the mid-2000s, it had recovered back to 27 percent. By the way, Singapore, despite what people think, is one of the most industrialized countries in the world: in terms of per capita manufacturing output, it ranks in the top five globally. There’s an interesting myth about it being a service economy.</p><p>The most industrialized country in the world is Switzerland. You think that the Swiss are dealing in the black money from Third World dictators and selling cow bells and cuckoo clocks to American and Japanese tourists. Actually, it is literally the most industrialized country in the world, if you count in terms of manufacturing output per person.</p><p>These countries have managed to revive their manufacturing industry, and since then they have declined a bit. But the lesson here is that these countries could do that only because they had a deliberate policy to revive manufacturing. What Donald Trump is trying to do is wishful thinking. Countries that have successfully increased their manufacturing output have deliberate policies to support manufacturing. In the Swedish and Finnish case, it also extended to retraining the workers made redundant because of the decline in traditional manufacturing sectors and then turning them into workers for new industries."</p><p><a href="https://jacobin.com/2025/04/tariffs-protectionism-manufacturing-industrial-policy" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">jacobin.com/2025/04/tariffs-pr</span><span class="invisible">otectionism-manufacturing-industrial-policy</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Manufacturing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Manufacturing</span></a> <a href="https://tldr.nettime.org/tags/Reindustrialization" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Reindustrialization</span></a> <a href="https://tldr.nettime.org/tags/Automation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Automation</span></a> <a href="https://tldr.nettime.org/tags/ClassWarfare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ClassWarfare</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://tldr.nettime.org/tags/IndutrialPolicy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>IndutrialPolicy</span></a></p>
IT News<p>U.S. Chipmakers Fear They Are Ceding China’s A.I. Market to Huawei - New restrictions on semiconductor exports to China are scrambling sales and fueling conce... - <a href="https://www.nytimes.com/2025/04/18/technology/ai-chips-china-huawei.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">nytimes.com/2025/04/18/technol</span><span class="invisible">ogy/ai-chips-china-huawei.html</span></a> <a href="https://schleuss.online/tags/regulationandderegulationofindustry" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>regulationandderegulationofindustry</span></a> <a href="https://schleuss.online/tags/internationaltradeandworldmarket" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>internationaltradeandworldmarket</span></a> <a href="https://schleuss.online/tags/huaweitechnologiescoltd" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>huaweitechnologiescoltd</span></a> <a href="https://schleuss.online/tags/artificialintelligence" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>artificialintelligence</span></a> <a href="https://schleuss.online/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a>(trade) <a href="https://schleuss.online/tags/nvidiacorporation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>nvidiacorporation</span></a> <a href="https://schleuss.online/tags/bidenjosephrjr" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>bidenjosephrjr</span></a> <a href="https://schleuss.online/tags/computerchips" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>computerchips</span></a> <a href="https://schleuss.online/tags/huangjen" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>huangjen</span></a>-hsun <a href="https://schleuss.online/tags/trumpdonaldj" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpdonaldj</span></a></p>
joe•iuculano :mastodon:<p>Breaking</p><p><a href="https://masto.ai/tags/California" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>California</span></a> Governor <a href="https://masto.ai/tags/GavinNewsom" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GavinNewsom</span></a> announces <a href="https://masto.ai/tags/lawsuit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lawsuit</span></a> against <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>'s <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a></p><p><a href="https://masto.ai/tags/Trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trade</span></a> <a href="https://masto.ai/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a></p><p><a href="https://www.youtube.com/live/66KJmXrKec8?si=PJ0OemVoLeUUDmcF" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">youtube.com/live/66KJmXrKec8?s</span><span class="invisible">i=PJ0OemVoLeUUDmcF</span></a></p>
Miguel Afonso Caetano<p>"In short, the U.S. economy will suffer enormously in a large-scale trade war with China, which the current levels of Trump-imposed tariffs, at more than 100 percent, surely constitute if left in place. In fact, the U.S. economy will suffer more than the Chinese economy will, and the suffering will only increase if the United States escalates. The Trump administration may think it’s acting tough, but it’s in fact putting the U.S. economy at the mercy of Chinese escalation.</p><p>The United States will face shortages of critical inputs ranging from basic ingredients of most pharmaceuticals to inexpensive semiconductors used in cars and home appliances to critical minerals for industrial processes including weapons production. The supply shock from drastically reducing or zeroing out imports from China, as Trump purports to want to achieve, would mean stagflation, the macroeconomic nightmare seen in the 1970s and during the COVID pandemic, when the economy shrank and inflation rose simultaneously. In such a situation, which may be closer at hand than many think, the Federal Reserve and fiscal policymakers are left with only terrible options and little chance of staving off unemployment except by further raising inflation."</p><p><a href="https://www.foreignaffairs.com/united-states/trade-wars-are-easy-lose" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">foreignaffairs.com/united-stat</span><span class="invisible">es/trade-wars-are-easy-lose</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PoliticalEconomy</span></a></p>
Simon Brooke<p>The <a href="https://mastodon.scot/tags/Tories" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tories</span></a> were NEVER the party of <a href="https://mastodon.scot/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a>. Quite the opposite. The Tories were always the party of the Corn Laws, which is to say <a href="https://mastodon.scot/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> and <a href="https://mastodon.scot/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a>.</p>
Miguel Afonso Caetano<p>"Trump’s erratic tariff actions, alongside his reversal of the former bipartisan policy on Ukraine, has already had indirect results. In alleged defense against the American turn, Europe and Canada have both donned the nationalist mantle of sovereignty and given Trump one of the main changes he has called for: an increase in their military expenditures so as to correct America’s disproportionate share of NATO’s military costs. Since American firms will also get a good share of the increased military expenditures abroad, the bloated US military-industrial complex will get a further boost.</p><p>As well, it may be that the uncertainty created over access to the US market likewise has method in its madness: corporations may now bias future global investments and supply chains to locate in the US “just-in-case.” This is of general concern but hits home especially in Canada since it is so close, so already integrated, and with costs relatively comparable.</p><p>Underlying all this lies the primary question at the core of Trump’s agenda. Paraphrased, it asks: “Why, if America is the world’s dominant power, does it accept such a disproportionate share of globalization’s burdens and receive such an unfair share of the benefits?” The framing of America’s status in these over-wrought terms adds a further method-in-madness: misdirection."</p><p><a href="https://socialistproject.ca/2025/04/man-who-would-be-king/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">socialistproject.ca/2025/04/ma</span><span class="invisible">n-who-would-be-king/</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://tldr.nettime.org/tags/Capitalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Capitalism</span></a> <a href="https://tldr.nettime.org/tags/Neoliberalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Neoliberalism</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a></p>
Miguel Afonso Caetano<p>"Take a look at this iPhone 16 Pro. Your cost, for the 256GB version, is $1,100. The cost of all the hardware inside—aka the bill of materials—was about $550 to Apple when the phone was introduced, says Wayne Lam, research analyst at TechInsights, which breaks down major products. Throw in assembly and testing and Apple’s cost rises to around $580. Even when you account for Apple’s advertising budget and all the included services—iMessage, iCloud, etc.—there’s still a healthy profit margin.</p><p>Now factor in the newly announced tariff for goods from China, which currently totals 54%. The cost rises to around $850. That profit margin would shrink dramatically if Apple didn’t up the price. And you don’t become a trillion-dollar gadget company by charging for things at cost."</p><p><a href="https://www.wsj.com/tech/personal-tech/iphone-apple-tariffs-china-bb20c7a3?st=uZeNUf&amp;reflink=desktopwebshare_permalink" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">wsj.com/tech/personal-tech/iph</span><span class="invisible">one-apple-tariffs-china-bb20c7a3?st=uZeNUf&amp;reflink=desktopwebshare_permalink</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> <a href="https://tldr.nettime.org/tags/Apple" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Apple</span></a> <a href="https://tldr.nettime.org/tags/iPhone" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>iPhone</span></a></p>
Corin Ashwell 🌍 🌿 🍄🏳️‍⚧️<p>Probably don't need to reiterate it on lefty Mastodon, but the <a href="https://mastodon.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> tariffs are not so that the working class can get back something stolen from it by <a href="https://mastodon.social/tags/globalization" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>globalization</span></a> but so that the <a href="https://mastodon.social/tags/rich" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>rich</span></a> &amp; <a href="https://mastodon.social/tags/oligarch" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>oligarch</span></a> class can avoid having what THEY have stolen reappropriated from them. <a href="https://mastodon.social/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> may have a role in a just <a href="https://mastodon.social/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> but that isn't what this is about. It's dividing the international working class to stop it uniting against the super rich</p><p><a href="https://mastodon.social/tags/inequality" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inequality</span></a> <a href="https://mastodon.social/tags/limitarianism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>limitarianism</span></a> <a href="https://mastodon.social/tags/politics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>politics</span></a></p>
Nonilex<p>Some accounts of <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>’s approach to <a href="https://masto.ai/tags/trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trade</span></a>, …identify William McKinley, 25th POTUS, as inspiration. Others suggest that <a href="https://masto.ai/tags/Hitler" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Hitler</span></a>’s Germany, which pursued an economic policy of self-sufficiency, or <a href="https://masto.ai/tags/autarky" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>autarky</span></a>, may be Trump’s real role model. Wherever he got his love of <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> &amp; <a href="https://masto.ai/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a>, the intellectual antecedents of his approach go back to English mercantilist thinkers of the 16th &amp; 17th centuries, who also viewed trade as a zero-sum enterprise in which one side wins &amp; the other loses.</p>
SQI Entertainment<p><a href="https://mastodon.social/tags/PIIE" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PIIE</span></a> - The way the music died: <a href="https://mastodon.social/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> could hit musical instrument imports.</p><p>"There would be a lot fewer guitar players in the United States if the only available instruments were American-made guitars."</p><p><a href="https://mastodon.social/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://mastodon.social/tags/music" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>music</span></a> <a href="https://mastodon.social/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a> <a href="https://mastodon.social/tags/global_trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>global_trade</span></a></p><p><a href="https://www.piie.com/blogs/realtime-economics/2024/way-music-died-tariffs-could-hit-musical-instrument-imports" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">piie.com/blogs/realtime-econom</span><span class="invisible">ics/2024/way-music-died-tariffs-could-hit-musical-instrument-imports</span></a></p>
Miguel Afonso Caetano<p>"Trump is therefore not the first President to seek the controlled disintegration of the world economy by means of a devastating blow. Nor is he the first to purposely damage America’s allies to renew and prolong US hegemony. Nor the first who was prepared to hurt Wall Street in the short run in the process of strengthening US capital accumulation in the long term. Nixon had done all that half a century earlier.</p><p>And the irony is that the world the Western liberal establishment is grieving over today came into being as a result of the Nixon Shock. While admonishing the idea of a US President delivering a rude shock to the world economy, they are lamenting the passing of what only came into being because of another President’s readiness to deliver an even ruder shock. That is, the Nixon Shock gave birth to the darlings of today’s liberal establishment: neoliberalism, financialisation and globalisation."</p><p><a href="https://unherd.com/2025/04/will-liberation-day-transform-the-world/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">unherd.com/2025/04/will-libera</span><span class="invisible">tion-day-transform-the-world/</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/Nixon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Nixon</span></a> <a href="https://tldr.nettime.org/tags/Dollar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Dollar</span></a></p>
Miguel Afonso Caetano<p>"President Donald Trump is pushing senior advisers to go bigger on tariff policy as they prepare for what the White House has called “Liberation Day,” the April 2 date he has set for a major escalation in his global trade war, four people familiar with the matter said.</p><p>Although many of his allies on Wall Street and Capitol Hill have urged the White House to take a more conciliatory approach, Trump has continued to press for aggressive measures to fundamentally transform the U.S. economy, the people said.</p><p>Trump’s advisers are in intensive deliberations about the exact scope of the import duties to be imposed, which officials have described as affecting trillions of dollars’ worth of trade.</p><p>The option viewed as most likely, publicly outlined by Treasury Secretary Scott Bessent this month, would set tariffs on products from the 15 percent of countries the administration deems the worst U.S. trading partners, which account for almost 90 percent of imports. Trump has also moved forward with other tariffs that apply to imports from every country, but only on specific sectors. Trump applied 25 percent tariffs to all automobile imports on Wednesday and has suggested similar measures for the pharmaceutical and lumber industries, among others.</p><p>These proposals have led to a drop in the stock market and, economists say, raised the risks of a U.S. recession."</p><p><a href="https://www.washingtonpost.com/business/2025/03/29/republicans-trump-tariffs-trade-war/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">washingtonpost.com/business/20</span><span class="invisible">25/03/29/republicans-trump-tariffs-trade-war/</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/Economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Economy</span></a></p>
Miguel Afonso Caetano<p>"Finally, in the 1970s, a group of people on the right and left, today known as neoliberals, attacked New Deal controls over finance and the corporation as silly. They argued, in an age of “microchips, robots, and computers,” mucking around with making things like t-shirts and steel was foolish.</p><p>This argument came into politics through both sides of the aisle. The Reagan administration was run by Wall Street, with men like banker William Simon and Chicago Schooler Robert Bork organizing policy. But it was preceded by Jimmy Carter’s deregulation of shipping, banking, trains, buses, trucking, airlines, energy, and even skiing, and his appointment of Wall Street-friendly Fed Chair Paul Volcker.</p><p>In 1980, the Democratic-led Senate Joint Economic Committee published a report titled Plugging in the Supply Side. Lloyd Bentsen, who later became Bill Clinton’s Treasury Secretary during the NAFTA fight, authored it. Everyone from Paul Tsongas, to Gary Hart to Robert Reich bought this frame, as did magazines like The New Republic. By 1980, neoliberalism had become consensus. Ted Kennedy, Jimmy Carter’s ostensibly “liberal” nemesis, fought to go further than Carter in ending rules on airplanes, and Ralph Nader aligned with Citibank on deregulating finance. Many of the unions, with the exception of the Teamsters, bought into deregulation.</p><p>The consequences were immediate. The U.S. manufacturing base took a major hit as the trade deficit exploded under Ronald Reagan. Bill Clinton continued and expanded it, focusing on high-technology pursuits and a “Bridge to the 21st Century.” When you think about it, that’s weird. How can a nation keep importing more than it exports, on a permanent basis? Why would trade partners keep sending them stuff? The answer is in the part of the story that the proponents of this model suggest, which is services."</p><p><a href="https://www.thebignewsletter.com/p/monopoly-round-up-tariffs-abundance" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">thebignewsletter.com/p/monopol</span><span class="invisible">y-round-up-tariffs-abundance</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/Neoliberalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Neoliberalism</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/Manufacturing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Manufacturing</span></a></p>
Klaus-Gerd Giesen<p>3/4 ... with the <a href="https://mastodon.social/tags/RuleOfLaw" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RuleOfLaw</span></a>) in favor of neo- <a href="https://mastodon.social/tags/feudalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>feudalism</span></a> in which <a href="https://mastodon.social/tags/loyalty" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>loyalty</span></a> (ideological and material) to the high-tech stato-oligarchic <a href="https://mastodon.social/tags/elite" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>elite</span></a> and their political <a href="https://mastodon.social/tags/representatives" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>representatives</span></a> takes precedence over all other considerations, with the support of <a href="https://mastodon.social/tags/farright" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>farright</span></a> political forces which guarantee rents and <a href="https://mastodon.social/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a> . <a href="https://mastodon.social/tags/Europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Europe</span></a>, organized around the <a href="https://mastodon.social/tags/idea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>idea</span></a> of political <a href="https://mastodon.social/tags/pluralism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>pluralism</span></a> and a <a href="https://mastodon.social/tags/market" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>market</span></a> that is both <a href="https://mastodon.social/tags/competitive" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>competitive</span></a> and <a href="https://mastodon.social/tags/regulated" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>regulated</span></a> by the state and the <a href="https://mastodon.social/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> , as well as <a href="https://mastodon.social/tags/Japan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Japan</span></a> , risk being... (4/4)</p>
Miguel Afonso Caetano<p>SPOT ON!!! You really to have to understand political economy, monetary economics, and economic history to tackle the current historical macro-scenario - </p><p>👉 "The next question is whether the protectionist policies espoused by Mr. Trump can save the people who are asking for his help. Unfortunately, the trade wars of the 1930s suggest the answer is probably “No.”</p><p>In the 1930s, the global economy was thrown into turmoil by the sharp increases in US import duties implemented in 1930 under the Smoot-Hawley Tariff Act and the retaliatory tariffs by other nations that followed. The value of global trade plunged 66% from the peak, and economies around the world suffered heavily.</p><p>The resulting economic turmoil eventually led to World War II. The US, which got through the greatest tragedy in human history by mobilizing its military capabilities, decided the world must never repeat this mistake. To that end, it introduced the system of free trade symbolized by the 1947 GATT (General Agreement on Tariffs and Trade).</p><p>This US-led free trade system produced unprecedented prosperity for humanity, but cracks began to appear when the nature of the currency market changed after the developed nations began liberalizing capital flows in 1980.</p><p>Today, just as in the 1930s, free trade is facing a potential crisis in the form of a sharp increase in US tariffs. If the authorities seriously wish to avoid this outcome, I think the nations of the world must come together and carry out an exchange rate adjustment similar to the Plaza Accord." 👈</p><p><a href="https://www.ineteconomics.org/perspectives/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ineteconomics.org/perspectives</span><span class="invisible">/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://tldr.nettime.org/tags/USTariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USTariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://tldr.nettime.org/tags/MonetaryPolicy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MonetaryPolicy</span></a> <a href="https://tldr.nettime.org/tags/EconomicHistory" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EconomicHistory</span></a> <br><a href="https://www.ineteconomics.org/perspectives/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">ineteconomics.org/perspectives</span><span class="invisible">/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan</span></a></p>
gary<p><span class="h-card" translate="no"><a href="https://infosec.exchange/@briankrebs" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>briankrebs</span></a></span> donald is a lame duck - no threat of a second run is present and this sets up situation where overall economic policy does not have any momentum or inertia, his cabinet choices are paper tigers but we just have to wait and see <a href="https://infosec.exchange/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a> <a href="https://infosec.exchange/tags/gdp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>gdp</span></a> <a href="https://infosec.exchange/tags/keynes" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>keynes</span></a></p>
Lyle Solla-Yates<p>As we in the U.S. enjoy the last moments of <a href="https://cville.online/tags/freetrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>freetrade</span></a> for some period of time, I'd like to point out that we had this same <a href="https://cville.online/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> mania over a century ago and discovered that it was a disaster. The definitive book on the subject was written by a writer named <a href="https://cville.online/tags/henrygeorge" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>henrygeorge</span></a> . The book was called "Protection or Free Trade". I did not imagine that this 1886 book would be necessary reading in my lifetime <a href="https://cville.online/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://cville.online/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a> <a href="https://cville.online/tags/history" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>history</span></a> <a href="https://en.wikipedia.org/wiki/Protection_or_Free_Trade" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">en.wikipedia.org/wiki/Protecti</span><span class="invisible">on_or_Free_Trade</span></a></p>
Tyler K. Nothing<p><a href="https://hear-me.social/tags/TFG" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TFG</span></a>'s penultimate nationalist rage at <a href="https://hear-me.social/tags/MSG" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>MSG</span></a> is going on now. The circle is complete. Then there's Steven Miller, <a href="https://hear-me.social/tags/TFG" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TFG</span></a>'s Joseph Goebbles. <a href="https://hear-me.social/tags/fascism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>fascism</span></a> <a href="https://hear-me.social/tags/racism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>racism</span></a> <a href="https://hear-me.social/tags/whitenationalist" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>whitenationalist</span></a> <a href="https://hear-me.social/tags/protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>protectionism</span></a> <a href="https://hear-me.social/tags/accelerationism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>accelerationism</span></a> <a href="https://hear-me.social/tags/racewars" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>racewars</span></a> <a href="https://hear-me.social/tags/RepublicansHateAmericans" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RepublicansHateAmericans</span></a></p>