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gesau.bsky.social
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1/US engaging in the most extensive economic warfare in modern history with hands tied behind its back. It has not gamed out where this will go or how to manage the fallout for our firms, markets, or alliances. The result: everyone surprised by predictable escalation. www.nytimes.com/2025/04/13/b...

Trump exempting computers & phones from the tariffs today means that Chinese-made laptops now have lower tariffs than European Cars, Mexican Steel, & Canadian Lumber. Also means Vietnamese-made laptops have a lower tariff than Ethiopian coffee, Indian tea, & Guatemalan bananas

I spent all week practicing screwing in tiny screws for nothing…???

Poetic estimate that the 145% on China would take US back exactly to the post Smoot-Hawley level of effective tariffs

Gooooood morning sports fans!

Now we get to see how trump reacts to a direct rebuff from scotus. Do we get a “now let them enforce it”?

You can tell who the Good Guys are because they're the ones smashing a car window to drag a mother away from her child while wearing ski masks.

A thing press institutions REALLY need to internalize is that 1000x more people will see the headline than read the article. If the headline leaves a false impression, but the article sets it straight, it doesn’t matter. You are spreading misinformation.

For sale: baby shoes + 125%

the thing about Trump 2 is that you get like a three second feeling of relief that he stepped back from an economic apocalypse and that feels almost nice but then you remember that for no reason whatsoever infants are being born HIV+ again when they don’t have to be and that’s on us as a country

Do they think dishwashers dont work? My dishwasher works fine. Half the time i dont even know what these weirdo grievances are about 🙃

Make sure to tune in next week to find out!

I’m starting to think that donald trump is not the brilliant tactician I thought he was youtu.be/yR1QL7CJltQ

10-year yield going vertical here. Something’s gonna break.

I agee w Patrick. (We lived in China at same time, diff on many things, agree here.) Chinese leaders always reckoned with the vast *depth* of US strength. Institutions, networks, expertise. Now, in cold-blooded rather than triumphalist mode, they recognize they're dealing with nuts and clowns.

Martin Wolf is not messing around here www.ft.com/content/d96d...

this is a staggering amount of money to build camps—suggesting that building & running a gulag will be the primary function of the otherwise gutted Trump-state in last fiscal yr: "D.H.S. allocated about $3.4 billion for the entire custody operation overseen by ICE" www.nytimes.com/2025/04/07/u...

DUDLEY: “.. The president’s attack on free trade is truly extraordinary in scope .. The impact will be devastating. Over the next six months, annualized inflation will likely climb to nearly 5%.” 🇺🇸 @opinion.bloomberg.com www.bloomberg.com/opinion/arti...

He has combined with others to subject us to a jurisdiction foreign to our constitution.

Bill Ackman freaking out about tariffs and saying "this isn't what we voted for" is as clear a crystallization of conservative self-delusion as you could ever ask for. Yes it is you idiot, you voted specifically for this! He talked about this NON STOP

We elected a man everyone who matters in this country knew was an idiot. The bulk of them refused to say so openly and directly — either because they thought he could do something for them or because there are political and journalistic norms against speaking that way.

economist friend points out that Trump just did a decade of wealth taxes in 3 days

This is literally their pitch. We need to immiserate ourselves so that we can reclaim the masculine dignity of turning tiny screws all day.

Look, you’re going to be signficantly poorer in the short term, but eventually, you will be able spend your days on mindless repetitive tasks for less money than you make now.

She used to work for rick perry so this may technically be true

Whether it’s Democrats pursuing traditional data-driven economic policies or Republicans having Big Balls create tariff guidelines using ChatGPT, the two parties have taken different approaches to managing the economy

Three million Americans marched today. Here’s why we wrote about one American who didn’t.

AEI argues the USTR used the entirely wrong elasticity when calculating the tariffs, leading to a huge overcalculation under their own terms. Further evidence that these people are absolute idiots with no plan.

If that is all the pretext you need, why should this district ever expect to hold elections again?

US tourism is in for some things. (via @jeffasher.bsky.social) 🇺🇸

Now that’s a split-screen. ⛳️ @wsj.com

It’s wild that tanking the economy is bad became a partisan issue.

the average american voter

Trump is now officially worse than COVID.