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Items tagged with: Tariffs
Trade Court Strikes Down Trump Tariffs, Threatening His Economic Agenda and Tax Cuts
The U.S. Court of International Trade on Wednesday struck down tariffs imposed on virtually every country by President Donald Trump, ruling that he exceeded the authority granted to him under the 1977 International Emergency Economic Powers Act.
No No and NO Declared At Trump's Tariffs
#News #Tariffs #Busines #Barron's #CourtDecision #ExceededAuthority #Abused
"Unbridled Tariff Man was always going to be a big economic risk in a second term, and here we are."
~ Wall Street Journal
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/5
wsj.com/opinion/trump-takes-th…
Opinion | Trump Takes the Dumbest Tariff Plunge
He says the 25% levies on Mexico and Canada will begin Tuesday. Stocks fall.WSJ
"The unease has already led to warnings that the U.S. could be heading for recession, with the Atlanta Fed’s GDPNow model estimating real GDP growth for the first quarter of 2025 at -2.8 percent, down from +3.9 percent just four weeks ago."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/4
"Donald Trump’s introduction of his long-threatened 25 percent trade tariffs on Mexico and Canada has caused global stock markets to drop sharply, with the Dow Jones, S&P 500 and Nasdaq all falling."
~ Oliver O'Connell, Joe Sommerlad, Ariana Baio
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/3
the-independent.com/news/world…
U.S. forecast to enter recession after Trump crashes markets with tariffs on Canada, China and Mexico: Live
President’s trade aggression causes unease after he suspends American aid for UkraineOliver O'Connell (The Independent)
"Also today, the Federal Reserve Bank of Atlanta forecast a dramatic contraction in the economy in the first quarter of 2025. Evaluating current data according to a mathematical model, it moved from an expected 2.9% growth in gross domestic product at the end of January to –2.8% today."
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/2
"Today, the stock market dropped dramatically upon news that Trump intended to go through with his tariffs. The Dow Jones Industrial Average dropped 650 points, down 1.48%. The S&P fell 1.76%, and the Nasdaq Composite, which focuses on technology stocks, fell 2.64%."
~ Heather Cox Richardson
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/1
heathercoxrichardson.substack.…
March 3, 2025
As seemed evident even at the time, the ambush of Ukraine president Volodymyr Zelensky in the Oval Office on Friday was a setup to provide justification for cutting off congressionally approved aid to Ukraine as it tries to fight off Russia’s invasio…Heather Cox Richardson (Letters from an American)
"Trump is killing the economy, reducing the U.S. government to rubble, and destroying our relationships with our allies. Putin may love it, but it’s a catastrophe for us and much of the rest of the world."
~ Robert Reich
#Musk #Trump #Putin #StockMarket #economy #Dow #Nasdaq #SandP #tariffs #recession
/8
robertreich.substack.com/p/dem…
Democrats! Wake the hell up!
Boycott Trump’s address to Congress tonight. If you must go, make good trouble.Robert Reich
"We don't have to stop at exporting reasonably priced pharmaceuticals to Americans! We could export the extremely lucrative tools of technological liberation to our American friends, too.
"That's how you win a trade-war."
"Canada could become a tech export powerhouse, while making everything cheaper for Canadian tech users, while making everything more profitable for anyone who sells media or software in an online store. And – this is the best part – it’s a frontal assault on the largest, most profitable US companies, the companies that are single-handedly keeping the S&P 500 in the black, striking directly at their most profitable lines of business [...]"
"But we can sign up new customers, by selling jailbreaking software and access to Canadian app stores, for every mobile device and games console to everyone in the world, and by pitching every games publisher and app maker on selling in the Canadian app store to customers anywhere without paying a 30% vig to American big tech companies."
"Let Canadians stand up a Canadian app store for Apple devices, one that charges 3% to process transactions, not 30%. Then, every Canadian news outlet that sells subscriptions through an app, and every Canadian software author, musician and writer who sells through a mobile platform gets a 25% increase in revenues overnight, without signing up a single new customer."
"Abolish the Canadian laws that protect US Big Tech companies from Canadian competition. Make it legal to reverse-engineer, jailbreak and modify American technology products and services. Don't ask Facebook to pay a link tax to Canadian newspapers, make it legal to jailbreak all of Meta's apps and block all the ads in them, so Mark Zuckerberg doesn't make a dime off of us."
I'm still waiting to see a movement to make it legal to jailbreak US tech in response to US tariffs, as @pluralistic has been recommending.
Are there signs our gov is listening?
Ursula Franklin Lecture:
With Great Power Came No Responsibility, 2025-Feb-24
pluralistic.net/2025/02/26/urs…
vimeo.com/1059798497
2025 Ursula Franklin Lecture: Cory Doctorow
Science fiction novelist, journalist and technology activist Cory Doctorow presents the 2025 Ursula Franklin Lecture.Vimeo