The Trump administration’s plan to slap steep tariffs on goods from dozens of countries is expected to spike prices for consumers. Some items, like leather goods, will see a bigger jump than others.
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In UK Jaguar/Range Rover/Land Rover have decided their goods who avidly wanted across the globe are too good for trump land anymore! Selling them elsewhere! Many more Companies across the UK/Europe and globally will follow. Trump land will end up a barren,isolated parody of its former self!
Show this to Peter Navarro next time you let him vomit nonstop without pushing back.
@beckyquickk.bsky.social @davidfaber.bsky.social @realhowielutnick.bsky.social @andrewrsorkin.bsky.social
The EU and other countries hurt by Trump's tariffs could blow things up by lower the retaliatory tariff for purchasers headquartered in Blue States (won by Harris). A #BlueStateTarrifDiscount could hurt GOP politically in Red States (won by Trump) putting pressure on Trump to back down.
Trump, Musk and the Maga talking heads on X keeps telling everyone that it does not matter if the markets tank and everyone becomes poorer. The Republican Party has descended into mass delusion where no one dares question "the king" Pathetic
MAGA voters contrastingly remind us how VITAL diverse voices rooted in reason and fact were to the financial, social, and cultural prosperity of this country. #DEI
Don’t forget coffee. Vietnam is the second largest produced of coffee and they have tariffs of 46%. I was expecting Starbucks stock to fall more than the 15% drop, but I guess traders are behind the curve on this.
See this picture? Look good? That’s the future MAGA imagines for Americans as they become even more illiterate and ignorant. And forget about minimum wage. Sweat Shops for the masses-unless robots are cheaper.
China flourished after joining the WTO because they followed their own rules and improved the living conditions for the rural class of its people. The US never really punished China for disobeying the WTO rules. Maybe because China buys Billions of dollars in US treasury Bonds. We owe China $$$$$$$$
The average US consumer never worried about American workers as long as they got great deals from products made abroad specifically in China. The workers in the rust belt and the South suffered the brunt of the economic changes so they blamed their politicians instead of wealthy Corporations.Wrong?
The seeds of Detroit’s decline were planted in its success. As the auto industry grew more efficient, it needed fewer workers.Automation replaced many jobs on assembly lines. At the same time,competition from foreign automakers increased. Companies began moving factories out of Detroit to cut costs.
Attention: CNBC. Explain to Americans what the effects were after China joined the WTO on 12/11/2001.The US thought it was directing the show when China acceded to the World Trade Organization.Instead,China wrote its own script. American Corporations sent manufacturing jobs in the US to China. $$$$$
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@beckyquickk.bsky.social @davidfaber.bsky.social @realhowielutnick.bsky.social @andrewrsorkin.bsky.social
Fossil fuel?
Place where Trump owns businesses?
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https://www.cnbc.com/2025/04/06/treasury-secretary-scott-bessent-markets-tariffs-recession.html