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#ustariffs

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R. Scott Pert<p>2/4 <br>&gt; India's foreign ministry calls the move "unfair, unjustified and unreasonable," accusing Washington of double standards for sparing other Russian oil buyers. Modi signals defiance, saying he’s ready to pay a personal price to protect farmers. </p><p>India <a href="https://mastodon.cloud/tags/Modi" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Modi</span></a> <a href="https://mastodon.cloud/tags/TradeDispute" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TradeDispute</span></a> <a href="https://mastodon.cloud/tags/FarmersFirst" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FarmersFirst</span></a> <a href="https://mastodon.cloud/tags/USIndiaRelations" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USIndiaRelations</span></a> <a href="https://mastodon.cloud/tags/Tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tariffs</span></a> <a href="https://mastodon.cloud/tags/China" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>China</span></a> <a href="https://mastodon.cloud/tags/UkraineWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>UkraineWar</span></a> <a href="https://mastodon.cloud/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DonaldTrump</span></a> <a href="https://mastodon.cloud/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a></p>
R. Scott Pert<p>1/4 <br>India pushes back after U.S. imposes steep tariffs. </p><p>&gt; New U.S. tariffs hit India and Brazil with a max 50% rate. India had already faced 25%, with another 25% added as punishment for buying Russian oil. </p><p><a href="https://news.cgtn.com/news/2025-08-08/India-pushes-back-after-U-S-imposes-steep-tariffs-1FFR0OADBSg/p.html" rel="nofollow noopener" target="_blank"><span class="invisible">https://</span><span class="ellipsis">news.cgtn.com/news/2025-08-08/</span><span class="invisible">India-pushes-back-after-U-S-imposes-steep-tariffs-1FFR0OADBSg/p.html</span></a> </p><p><a href="https://mastodon.cloud/tags/India" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>India</span></a> <a href="https://mastodon.cloud/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://mastodon.cloud/tags/TradeWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TradeWar</span></a> <a href="https://mastodon.cloud/tags/Modi" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Modi</span></a> <a href="https://mastodon.cloud/tags/RussianOil" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>RussianOil</span></a> <a href="https://mastodon.cloud/tags/Geopolitics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Geopolitics</span></a> <a href="https://mastodon.cloud/tags/China" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>China</span></a> <a href="https://mastodon.cloud/tags/UkraineWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>UkraineWar</span></a> <a href="https://mastodon.cloud/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DonaldTrump</span></a> <a href="https://mastodon.cloud/tags/Tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tariffs</span></a></p>
Ferdi Magellan<p><span class="h-card" translate="no"><a href="https://journa.host/@w7voa" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>w7voa</span></a></span> are you saying the total tariff will be 30%? Or is Japan going to reciprocate with a 15% import tariff on US goods? I can’t imagine they would do that to their citizens. They aren’t that stupid. </p><p>Japanese PM resigns in 5, 4, 3, 2…</p><p><a href="https://aus.social/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://aus.social/tags/JapanNews" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JapanNews</span></a> <a href="https://aus.social/tags/USPol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USPol</span></a></p>
EU OS<p>The <a href="https://eupolicy.social/tags/US" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>US</span></a> imposes 30% of <a href="https://eupolicy.social/tags/UStariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>UStariffs</span></a> to the <a href="https://eupolicy.social/tags/EuropeanUnion" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EuropeanUnion</span></a>. According to Politico, the Commission is ready to retaliate. EU OS believes that a European response with Tariffs on US BigTech services (or all services that face trade deficits) would make so much more sense if the EU had alternatives for those in place. This is why <a href="https://eupolicy.social/tags/EU_OS" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EU_OS</span></a>, <a href="https://eupolicy.social/tags/EuroStack" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EuroStack</span></a> and <a href="https://eupolicy.social/tags/DigitalSovereignty" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DigitalSovereignty</span></a> is important. It offers more leverage.</p><p><a href="https://www.politico.eu/article/donald-trump-hits-eu-with-sweeping-30-percent-tariffs/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">politico.eu/article/donald-tru</span><span class="invisible">mp-hits-eu-with-sweeping-30-percent-tariffs/</span></a> </p><p><a href="https://eupolicy.social/tags/GermanStack" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GermanStack</span></a> <a href="https://eupolicy.social/tags/TradeWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TradeWar</span></a> <a href="https://eupolicy.social/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> <span class="h-card" translate="no"><a href="https://ec.social-network.europa.eu/@EC_NGI" class="u-url mention" rel="nofollow noopener" target="_blank">@<span>EC_NGI</span></a></span></p>
Europe Says<p><a href="https://www.europesays.com/2178339/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/2178339/</span><span class="invisible"></span></a> corporate tax crashes, budget deficit balloons to €18bn – The Irish Times <a href="https://pubeurope.com/tags/Apple" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Apple</span></a> <a href="https://pubeurope.com/tags/brexit" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>brexit</span></a> <a href="https://pubeurope.com/tags/CelticTiger" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CelticTiger</span></a> <a href="https://pubeurope.com/tags/CentralBank" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CentralBank</span></a> <a href="https://pubeurope.com/tags/CentralBanks" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CentralBanks</span></a> <a href="https://pubeurope.com/tags/CorporationTax" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CorporationTax</span></a> <a href="https://pubeurope.com/tags/Economy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economy</span></a> <a href="https://pubeurope.com/tags/Intel" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Intel</span></a> <a href="https://pubeurope.com/tags/IrishFiscalAdvisoryCouncil" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>IrishFiscalAdvisoryCouncil</span></a> <a href="https://pubeurope.com/tags/OrganisationForEconomicCoOperationAndDevelopmentOecd" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OrganisationForEconomicCoOperationAndDevelopmentOecd</span></a> <a href="https://pubeurope.com/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a></p>
Fake News You Missed<p>Fake News You Missed on 2 May 2025:</p><p><a href="https://mas.to/tags/FakeNewsYouMissed" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FakeNewsYouMissed</span></a> <a href="https://mas.to/tags/FakeNews" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FakeNews</span></a> <a href="https://mas.to/tags/Parody" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Parody</span></a> <a href="https://mas.to/tags/Satire" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Satire</span></a> <a href="https://mas.to/tags/Humor" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Humor</span></a> <a href="https://mas.to/tags/Canada" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Canada</span></a> <a href="https://mas.to/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a></p>
Europe Says<p><a href="https://www.europesays.com/2046015/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/2046015/</span><span class="invisible"></span></a> Ghost Ships Skirt Sanctions in Venezuelan Oil Trade <a href="https://pubeurope.com/tags/CrudeOil" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CrudeOil</span></a> <a href="https://pubeurope.com/tags/CrudeOilPrice" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CrudeOilPrice</span></a> <a href="https://pubeurope.com/tags/DarkFleet" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DarkFleet</span></a> <a href="https://pubeurope.com/tags/GlobalOilTransport" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GlobalOilTransport</span></a> <a href="https://pubeurope.com/tags/InternationalTrade" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>InternationalTrade</span></a> <a href="https://pubeurope.com/tags/OilPrice" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OilPrice</span></a> <a href="https://pubeurope.com/tags/OilSanctions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OilSanctions</span></a> <a href="https://pubeurope.com/tags/OilShipping" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>OilShipping</span></a> <a href="https://pubeurope.com/tags/petroleum" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>petroleum</span></a> <a href="https://pubeurope.com/tags/PhantomShips" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PhantomShips</span></a> <a href="https://pubeurope.com/tags/TradeRestrictions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TradeRestrictions</span></a>. <a href="https://pubeurope.com/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://pubeurope.com/tags/VenezuelaOil" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>VenezuelaOil</span></a> <a href="https://pubeurope.com/tags/ZombieTankers" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ZombieTankers</span></a></p>
Metafrastis<p>It looks like the world has the US by its balls. Trump just doesn’t have the cards, it seems 🤣<br><a href="https://mastodon.online/tags/UStariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>UStariffs</span></a> <a href="https://mastodon.online/tags/USA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USA</span></a><br><a href="https://open.substack.com/pub/deanblundell/p/carneys-checkmate-how-canadas-quiet?r=22wljl&amp;utm_medium=ios" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">open.substack.com/pub/deanblun</span><span class="invisible">dell/p/carneys-checkmate-how-canadas-quiet?r=22wljl&amp;utm_medium=ios</span></a></p>
Todd needs beer, badly. 🍻<p>“However, it might seem a bit of a paradox to some when people are encouraging others to boycott the US on an American-owned social media platform.”</p><p><a href="https://yle.fi/a/74-20153995" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">yle.fi/a/74-20153995</span><span class="invisible"></span></a></p><p><a href="https://mastodon.social/tags/Meta" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Meta</span></a> <a href="https://mastodon.social/tags/Facebook" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Facebook</span></a> <a href="https://mastodon.social/tags/Finland" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Finland</span></a> <a href="https://mastodon.social/tags/Suomi" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Suomi</span></a> <a href="https://mastodon.social/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://mastodon.social/tags/BoycottUSA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BoycottUSA</span></a></p>
Headlines Africa<p>WTO and IMF warn of global trade disruptions a new U.S. tariffs <a href="http://newsfeed.facilit8.network/TJyBGH" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">http://</span><span class="ellipsis">newsfeed.facilit8.network/TJyB</span><span class="invisible">GH</span></a> <a href="https://journa.host/tags/GlobalTrade" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>GlobalTrade</span></a> <a href="https://journa.host/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://journa.host/tags/TradeDisruptions" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TradeDisruptions</span></a> <a href="https://journa.host/tags/WTO" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>WTO</span></a> <a href="https://journa.host/tags/IMF" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>IMF</span></a></p>
Jamison Alexander<p>As someone who studied economics, this moment of <a href="https://mastodon.social/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> is making my blood boil. It’s beyond stupid at every corner and will punish everyone for decades. </p><p>And to top it off their calculations for country tariffs are trade deficit / total US imports, instead of any actual analysis on country tariffs, VATs, protectionary policies, or if what the US imports from a particular country warrants a tariff.</p>
Europe Says<p><a href="https://www.europesays.com/1967243/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/1967243/</span><span class="invisible"></span></a> Ireland urges caution as EU prepares response to Trump’s tariffs on imports into US – The Irish Times <a href="https://pubeurope.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DonaldTrump</span></a> <a href="https://pubeurope.com/tags/EuropeanCommission" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EuropeanCommission</span></a> <a href="https://pubeurope.com/tags/EuropeanUnion" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>EuropeanUnion</span></a> <a href="https://pubeurope.com/tags/ireland" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>ireland</span></a> <a href="https://pubeurope.com/tags/Maro%C5%A1%C5%A0ef%C4%8Dovi%C4%8D" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MarošŠefčovič</span></a> <a href="https://pubeurope.com/tags/Miche%C3%A1lMartin" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MicheálMartin</span></a> <a href="https://pubeurope.com/tags/PaschalDonohoe" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PaschalDonohoe</span></a> <a href="https://pubeurope.com/tags/SimonHarris" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>SimonHarris</span></a> <a href="https://pubeurope.com/tags/UnitedStates" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>UnitedStates</span></a> <a href="https://pubeurope.com/tags/UrsulaVonDerLeyen" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>UrsulaVonDerLeyen</span></a> <a href="https://pubeurope.com/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a></p>
Yonhap Infomax News<p>Stellantis suspends Jeep production in Canada amid rising US tariff concerns, prompting union worries and government intervention<br><a href="https://mastodon.social/tags/YonhapInfomax" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>YonhapInfomax</span></a> <a href="https://mastodon.social/tags/Stellantis" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Stellantis</span></a> <a href="https://mastodon.social/tags/JeepProduction" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>JeepProduction</span></a> <a href="https://mastodon.social/tags/CanadaFactory" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CanadaFactory</span></a> <a href="https://mastodon.social/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://mastodon.social/tags/AutoIndustry" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>AutoIndustry</span></a> <a href="https://mastodon.social/tags/Economics" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Economics</span></a> <a href="https://mastodon.social/tags/FinancialMarkets" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FinancialMarkets</span></a> <a href="https://mastodon.social/tags/Banking" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Banking</span></a> <a href="https://mastodon.social/tags/Securities" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Securities</span></a> <a href="https://mastodon.social/tags/Bonds" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Bonds</span></a> <a href="https://mastodon.social/tags/StockMarket" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>StockMarket</span></a> <br><a href="https://en.infomaxai.com/news/articleView.html?idxno=51619" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">en.infomaxai.com/news/articleV</span><span class="invisible">iew.html?idxno=51619</span></a></p>
Ms. Que Banh<p>Abolish Presidents Day. What a ridiculous 'holiday'. Worshipping any politician is gross.</p><p><a href="https://socialbc.ca/tags/BoycottUSA" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BoycottUSA</span></a> <a href="https://socialbc.ca/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://socialbc.ca/tags/CanadianThoughts" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CanadianThoughts</span></a></p>
Ms. Que Banh<p>A new report from the <a href="https://socialbc.ca/tags/Canadian" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Canadian</span></a> Chamber of Commerce has ranked 41 census metropolitan areas on their vulnerability to U.S. tariffs– and <a href="https://socialbc.ca/tags/Abbotsford" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Abbotsford</span></a> - Mission trumps the rest of B.C. at 15th place in the country.</p><p>According to the Chamber, 330 exporters trade from Abbotsford to the United States, and 90.7 per cent of the border city’s total goods are typically bound for its southern neighbour.</p><p><a href="https://fraservalleytoday.ca/2025/02/15/canadian-chamber-ranks-abbotsford-mission-as-most-tariff-exposed-city-in-british-columbia/" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">fraservalleytoday.ca/2025/02/1</span><span class="invisible">5/canadian-chamber-ranks-abbotsford-mission-as-most-tariff-exposed-city-in-british-columbia/</span></a></p><p><a href="https://socialbc.ca/tags/BCpoli" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BCpoli</span></a> <a href="https://socialbc.ca/tags/CDNpoli" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>CDNpoli</span></a> <a href="https://socialbc.ca/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://socialbc.ca/tags/TradeWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TradeWar</span></a> <a href="https://socialbc.ca/tags/FraserValley" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FraserValley</span></a></p>
EURACTIV Politics<p>As Trump’s trade war looms, EU leaders prepare to retaliate <a href="https://www.euractiv.com/section/politics/news/with-trumps-trade-war-threats-eu-leaders-prepare-to-retaliate/?utm_source=dlvr.it&amp;utm_medium=mastodon" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">euractiv.com/section/politics/</span><span class="invisible">news/with-trumps-trade-war-threats-eu-leaders-prepare-to-retaliate/?utm_source=dlvr.it&amp;utm_medium=mastodon</span></a> <a href="https://eupolicy.social/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DonaldTrump</span></a> <a href="https://eupolicy.social/tags/tradewar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>tradewar</span></a> <a href="https://eupolicy.social/tags/UStariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>UStariffs</span></a></p>
Trendar<p>Welcome to your future, America: Rising prices, product shortages, greater unemployment, and economic &amp; political isolation.</p><p>Oh and I’m sure that US mega-corps won’t take advantage of this opportunity to artificially raise their prices for more profits…?</p><p>Don’t say you weren’t warned.</p><p><a href="https://www.theatlantic.com/ideas/archive/2025/02/price-america-trump-tariffs/681546/?gift=hVZeG3M9DnxL4CekrWGK35iP0ZJjvVhQYiBl2xnYrao&amp;utm_source=copy-link&amp;utm_medium=social&amp;utm_campaign=share" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">theatlantic.com/ideas/archive/</span><span class="invisible">2025/02/price-america-trump-tariffs/681546/?gift=hVZeG3M9DnxL4CekrWGK35iP0ZJjvVhQYiBl2xnYrao&amp;utm_source=copy-link&amp;utm_medium=social&amp;utm_campaign=share</span></a></p><p><a href="https://sfba.social/tags/Tariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Tariffs</span></a> <a href="https://sfba.social/tags/Inflation" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Inflation</span></a> <a href="https://sfba.social/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a></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" 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" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>FreeTrade</span></a> <a href="https://tldr.nettime.org/tags/USTariffs" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>USTariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://tldr.nettime.org/tags/MonetaryPolicy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MonetaryPolicy</span></a> <a href="https://tldr.nettime.org/tags/EconomicHistory" class="mention hashtag" rel="nofollow noopener" 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" 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>