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mims.bsky.social
WSJ tech columnist. Dog person. Author of Arriving Today, an unfortunately timely book about the global system of trade we're currently flushing down the toilet: https://www.harpercollins.com/products/arriving-today-christopher-mims
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once again time for a social media fast, and the only way I seem to be able to stick with them is to post about it so I feel ashamed if I come back on here being the owner of a human brain is wild

“The damage has been done,” said George Saravelos, the head of foreign exchange research at Deutsche Bank. “The market is reassessing the structural attractiveness of the dollar as the world’s global reserve currency and is undergoing a process of rapid de-dollarisation.”

In a rare bit of good news for everyone, the number of new podcasts being created is going down. on.ft.com/4ihZp86 Presumably because everyone already has one

“It turns out you can’t buy gummy bears because you can’t buy chips from Taiwan”

right now there are two Americas, a minority who have at least a vague idea that tariffs are going to make a ton of stuff way more expensive and then the overwhelming majority who don't really know what's coming but will feel it every single day in a way that's going to make them so, so mad

this is a budget designed to blind us to the planet-altering changes we're wreaking

FWIW, I have gotten similar readings from my international clients, though it hasn't been uniform.

Very informative chart from Washington Post

Federal spending is *up* under Trump according to the Wall Street Journal. Chaos is not actually the same as cost savings. Actual budgeting is a kind of actual policy-making and takes real work spread over real time. Running around breaking stuff isn't that. www.wsj.com/politics/pol...

Between this and Treasuries spiking and the EU *removing* all tariffs on Chinese EVs we are on the cusp of the birth of a new world order. Imagine a global economy in which the U.S. has very little of the leverage Trump is using now. No state on earth wants to be his economic vassal.

If it weren't for the tariffs, this would be one of the biggest stories right now.

The fear among academics and lawyers now talking on the record on just about any topic that involves the federal government or the White House is really extraordinary and worrisome, and getting worse, it seems to me, every week. Dissent by an establishment figures becoming verboten in the US

oh man are we bringing back Legionnaire's disease next?

honestly relieved that 9 of 9 justices were like “randomly grabbing someone for no reason and sending them to a foreign gulag is not, actually, justifiable in our legal system”

This international student is incredibly brave for going on the record about his visa suddenly being revoked, including how he has one semester left and his mom has terminal cancer: www.cbsnews.com/pittsburgh/n...

A lot of people talk about tariffs like they’re a bad thing, but I for one am excited to learn how to sew my own iPhone

As someone who worked through the supply chain struggles of early Covid and the subsequent fluid rationing after Hurricane Helene, I can confidently tell you this is bad.

(of course the funding for this research was just cut 20% in a bill recently signed by the current administration)

In case you've ever wondered why brains can do things no AI can even aspire to, just one cubic millimeter of mouse brain contains 200,000 neurons, with hundreds of millions of connections, and it took a team of more than 100 scientists just to map that tiny fraction www.nytimes.com/2025/04/09/s...

this is very true and very important; it's why the Wall Street bears are still projecting a recession we have not yet begun to feel the impacts of these taxes existing inventory will run out, and then we will see who will raise prices and what will simply become unavailable

📌

scrolling this account makes me sympathize with the impulse toward nostalgia for some bygone age; memory is flexible and much of this impulse is imagination disguised as recall — who doesn’t long to believe that hidden in the past is some lost key to happiness

It always boggles my mind that I, a journalist, am expressly forbidden from trading stocks, but members of Congress, with vastly greater knowledge of market-moving news, are allowed to profit by front-running markets, and so may profit by in essence stealing from the public they represent.

Yesterday I shared w/ my students their rights should ICE come on campus. "Of course," I said, "that's just the law." Here's a woman who knew her rights. They protected her twice, because she knew they needed a warrant. The third time ICE came, the agent said, "“I don’t need to show you the order."

our headlines are just going to get blunter and blunter, people! www.theverge.com/2025/1/20/24...

this tariff stuff has been a ride, but it also feels like a distraction from the fact that any federal law enforcement agency that can get anyone -- u.s. citizen or no -- into a foreign jail can now disappear that person with zero due process www.nytimes.com/2025/04/09/o...

“Mommy, no. Mommy.” Daughter captures the moment masked ICE agents smash the window of her mother's car in order to take her into custody. The government claims the 52-year old seamstress is an associate of the MS-13 gang. www.thebaltimorebanner.com/community/lo...

Biggest mistakes I'm seeing in early reporting (thread): 1. Tariffmageddon isn't over: Lotsa tariffs to account for, but the average tariff rate is only down around one quarter. So most of the pain of Liberation Day is still with us.

Unless I'm misunderstanding Trump's post, we still have 10 percent across the board tariffs and are in the midst of a trade war with China. That's not a good scenario for the US economy. Why is everyone acting like Trump just turned into Adam Smith?

I am honestly not sure that a de facto trade embargo with China is actually better than what we had on April 2 to begin with...

RIP every supply chain manager who spent most of the past week trying to set up final assembly in Mexico

really incredible stuff happening in DC right now

Final_Version_of_Tarrifs_actualFINALcopy_version7_USETHISONE.docx