A real estate company in Vietnam and its partners are offering just $3,200 and rice provisions in return for farmers giving up their land to make way for a Trump family-backed golf resort. https://www.japantimes.co.jp/news/2025/08/11/asia-pacific/vietnam-farmers-trump-golf-club/?utm_medium=Social&utm_source=mastodon #asiapacific #us #donaldtrump #trade #tariffs #golf #vietnam #southeastasia
Nvidia and AMD agreed to pay 15% of their revenues from chip sales to China to the US government as part of a deal with the Trump administration to secure export licenses, the Financial Times reported Sunday. https://www.japantimes.co.jp/business/2025/08/11/tech/nvidia-amd-china-chip-us/?utm_medium=Social&utm_source=mastodon #business #tech #nvidia #amd #china #semiconductors #tech #us #donaldtrump #trade #tariffs
There really is no explanation for the 50% tariffs on India: We'll just all be poorer for it.
Some choice words in the @TimesofIndia_ today:
https://timesofindia.indiatimes.com/well-all-be-poorer-with-donald-trumps-tariffs-but-he-cant-halt-clean-energy/articleshow/123213656.cms
stole your meme, yadda yadda. this is the perfect example of how white supremacy ―USA’s gateway drug to fascism―stunts intellectual development, ESPECIALLY deductive reasoning. racists groom their own into willful ignorance since they believe whiteness is their superpower:
❝ My brother in law thought that if a Chinese item cost $100 and there was a 30% tariff say, China would pay $30 and he would only pay $70. So, he thought everything imported would cost less.❞
Umm, don’t blame #GenZ for #Kentucky bourbon distillers’ tears! https://nypost.com/2025/08/05/business/kentuckys-9b-whiskey-industry-in-crisis-as-gen-z-drinkers-shun-bourbon-tariffs-take-toll/
It’s hard to increase sales when the single largest purchaser of spirits *in the world* (the #Liquor Control Board of #Ontario or LCBO) has pulled ALL their products off the shelves in an #ElbowsUp retaliation to the baseless #TrumpTax (#tariffs.)
Me, grocery shopping:
Produce Dept.: Holy shit!
Aisle 3: Are you kidding me!?
Meat Dept.: New lower prices my ass.
Cereal Aisle: Get outta here, that's insane!
Coffee Aisle: Screw you, that can used to be twice the size for less money!
Sees a product that I normally buy going for $4 LESS than I normally pay. Throws 6 packages into the cart.
#GreedFlation
#EvenEggsAreUpAgain
#Groceries
#Tariffs
#ThanksTACO
@wdlindsy Add imported food to the items becoming much more expensive due to #TrumpTaxes - aka #Tariffs.
Colavita lemon-flavored extra-virgin olive oil from #Italy has been $19.99 for years; purchased as recently as October 2024. The *same bottle* will now cost $41!
Dang!
"Those who hurl rocks at us in trade shouldn't expect gifts in return."
Mic drop
!
"Trump's aluminum tariffs may force AriZona’s famous 99-Cent Iced Tea to increase in price for the first time in 3 decades. If they come for the Costco hotdog meal, we riot,” — Scott Lincicome, Cato Institute Center for Trade Policy Studies
“Trump’s trade war should be seen as part of a package of policies that amounts to class warfare — class warfare against middle and lower-income Americans in favor of the affluent, especially the top 10 percent of the income distribution.”
Instead of delivering on his promise of lower inflation for working class Americans, he lavishes more riches on the wealthy.
#Oligarchy #TaxTheRich #Inequality #Tariffs #Trumpcession #Stagflation #Kleptocracy #USPol
https://paulkrugman.substack.com/p/the-economics-of-smoot-hawley-20-cf7?triedRedirect=true
“Trump’s trade war should be seen as part of a package of policies that amounts to class warfare — class warfare against middle and lower-income Americans in favor of the affluent, especially the top 10 percent of the income distribution.”
Instead of delivering on his promise of lower inflation for working class Americans, he lavishes more riches on the wealthy.
#Oligarchy #TaxTheRich #Inequality #Tariffs #Trumpcession #Stagflation #Kleptocracy #USPol
https://paulkrugman.substack.com/p/the-economics-of-smoot-hawley-20-cf7?triedRedirect=true
"If all immigrants to the U.S. from the last ten years, documented and undocumented, went on strike, our country would almost shut down. Yet Trump, who hired 500 undocumented workers for just one of his construction sites in New York, and had similar laborers at his New Jersey golf course, promises deportations of millions more."
~ Ralph Nader
#Trump #economy #tariffs #TaxCuts #inflation #polls #immigrants
/5
https://www.alternet.org/trump-s-worst-crimes-and-destructions-haven-t-even-happened-yet/
"The truth is that Trump’s poll numbers are historically bad. The only president with a worse approval rating at this point in their term is… Donald Trump in 2017. His numbers have fallen significantly since the beginning of his term.
These numbers should be concerning for Republicans running for reelection next year."
~ Dan Pfeiffer
#Trump #economy #tariffs #TaxCuts #inflation #polls
/4
https://www.messageboxnews.com/p/the-poll-that-should-freak-out-every
(continued from /2):
"and that nearly eight in 10 of them, including an astounding 70 percent of Republicans, believe Trump’s tariffs will increase the price of everyday goods. ...
Trump was elected because Americans were furious about post-pandemic inflation. He promised to lower prices. Instead, he embarked on a stupid, reckless, and unnecessary tariff regime that is accomplishing the exact opposite."
"He may be trying to cook the books in other areas—notably by firing the federal official tasked with collecting (recently disappointing) jobs data—but he can’t hide the fact that the economy is getting worse.
On Friday, a Morning Consult poll found that nearly two-thirds of surveyed voters blamed Trump for rising prices—"
"Prices are going up on just about everything. 'Government data, including from the Commerce Department this week, show that prices rose in June on items heavily exposed to tariffs, such as home furnishings, toys and appliances,' The New York Times reported over the weekend. That’s Trump’s Commerce Department."
~ Alex Shephard
#Trump #economy #tariffs #TaxCuts #inflation #polls
/1
https://newrepublic.com/article/198809/mamdani-warren-democrats-2026-message-trump
The proposed semiconductor tariffs -and exemptions -don’t line up with their supposed purpose.
“Tariffs are not a true substitute for industrial policy. Tariffs aren't a substitute for exchange rate adjustment either. The cost disadvantage of TSMC Arizona would fall substantially if the TWD wasn't kept (artificially) at an incredibly weak level.”
-B Setser
#Economy #Tariffs #TrumpRegime #Trumpcession #Lies #USPol
https://www.wsj.com/tech/trumps-tariffs-wont-solve-u-s-chip-making-dilemma-c5aec29b
“Americans, now and in the future, will be paying more and buying less. Trump’s second-term economic ideology is not only one of protectionism, mercantilism, atavism, and cronyism. It is also one of degrowth.”
The WH is pursuing a multipronged strategy to raise prices, suppress consumption, & lower productivity in the US.
#Stagflation #Trumpcession #Tariffs #Protest #USPol
https://www.theatlantic.com/economy/archive/2025/08/trump-economy-productivity-prices/683807/
None of his “trade deals” incl AGRs by trading partners to meaningfully reform their tax or reg codes, strengthen their currencies, or reduce barriers that’ve long been major sticking pts in prior trade negotiations.
The aver EU tariff rate on non-AG goods prior to the deal was 1%. What the Trump admin touted as “commitments” were most rough numbers based on EU Cs were already planning to invest or buy.
The deals actively undermine key US INDs.
#Tariffs #Lies #USPol
https://www.theatlantic.com/economy/archive/2025/08/trump-trade-deals/683796/
