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#tariffs

286 posts186 participants2 posts today
Continued thread

“We tried again in 1812. Thomas Jefferson, the original Republican, described the acquisition of Canada as “a mere matter of marching.” This was incorrect. The United States launched eight or nine invasions of #Canada during the War of 1812, winning only one fruitless battle. The rest of the time, it got walloped.”

theatlantic.com/ideas/archive/

The Atlantic · Invading Canada Is Not AdvisableBy Eliot A. Cohen

Compounding this growing sense of economic abandonment is Team Plutocrat in Trump’s inner circle. There’re many voters he's lost that helped him carry the swing states of the industrial Midwest.

Trump owes his victory to the economically anxious, but now, he's increasing their anxieties. Trump just said that EVs are good, but only from Tesla. But because of Trump's EOs & policies, Musk is facing #tariffs, & backlash from car buyers because of #DOGE.

#Tesla #Musk #USPol
prospect.org/politics/2025-03-

The American Prospect · Trump’s 180 on Electric Vehicles—Provided They’re TeslasHe won autoworkers’ support by opposing EVs, which need fewer workers to produce. Last week, he pitched Teslas to American motorists.

Dear Canada, here’s a vignette of the tariff war from an American.

Oh, that’s a Canadian product. I should buy that.

(Voice in head as I reach for it) Hello? What are you going to do with it? You don’t particularly like hot pot, you don’t even have a hot pot, and even if you did, beef is your least favorite hot pot food.

If this thing escalates the score is gonna be like Canada 5000, USA 3.

Nobody in Canada’s gonna buy American goods if they can help it, but lots of people here will intentionally choose a Canadian variant.

Replied in thread

@clumbake @nek @pluralistic
“With Trump imposing #tariffs on US trading partners, there is now zero reason to keep those laws on the books…

“The first country that perfects the universal car diagnosing tool will sell one to every mechanic in the world – along with subscriptions that keep up with new cars and new manufacturer software updates. That country could have the relationship to car repairs that Finland had to mobile phones for a decade
#TeslaTakedown

"Do you think, if Biden was like “we’re going to cause a recession but after that we’ll have a golden age,” that the WaPo would say “oh he’s just not explaining his plan very well?"
-W Stancil

"Trump econ advisor Hassett warns of more uncertainty over tariffs."

But he predicted that things will clear up when the Trump admin implements its plan to IMPOSE "RECIPROCAL #TARIFFS“.
Watch⬇️
Trump & Bessent: declined to rule out the possibility of a #recession.
#Idiocracy #USPol
cnbc.com/2025/03/17/trump-hass

AP: Tariff threats, spending cuts put Federal Reserve in tough spot as it meets this week
Economy Mar 17, 2025 10:01 AM EDT

WASHINGTON (AP) — When Federal Reserve officials last met in late January, things looked pretty good: Hiring was solid. The economy had just grown at a solid pace in last year’s final quarter. And inflation, while stubborn, had fallen sharply from its peak more than two years ago.

What a difference seven weeks makes. (more...)

pbs.org/newshour/economy/tarif

PBS News · Tariff threats, spending cuts put Federal Reserve in tough spot as it meets this weekOngoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment.

"There're “no guarantees” there won’t be a recession."
-Bessent

He believes pullbacks are BENIGN.

#Trump has made getting the govt’s fiscal house in order a priority since taking office. He created #DOGE, to spearhead job cuts.

The US debt & deficit problem worsened during Trump’s 1st month in office➡️budget shortfall for Feb passed the $1T mark.

Trump's sycophants know he's wrong, but comply to further the efforts for #Privatization, so➡️#Trumpcession.

#Tariffs #USPol cnbc.com/2025/03/16/treasury-s