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#tariffs

129 posts76 participants6 posts today

US Treasury Secretary Scott Besant said US-China trade tensions have eased significantly since April, with both sides lowering tariffs and relations stabilizing, while urging China to address economic imbalances and reduce oil imports from Russia and Iran.
#YonhapInfomax #USChinaTrade #ScottBesant #Tariffs #Manufacturing #CrudeOilImports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
en.infomaxai.com/news/articleV

Yonhap Infomax · Besant Says US-China Trade Relations in 'Fairly Good Shape'
More from Yonhap Infomax News
Continued thread

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Anyway, the Fed is concern about the effects of Trump’s #tariffs , which really haven’t come to pass (remember, the major ones are still on hold). With Trump’s unpredictable, play-it-by-the-seat-of-your-pants economic strategies, economists are concerned that inflation— which still has not met the Fed’s 2% goal and actually increased some in June— will remain persistently high.

How can a Nation-state follow a deliberate non-capitalist economic strategy if it's constantly under the threat of being subjected to harsh economic sanctions by the largest world economies? Can the fact that no solid alternatives to capitalism have emerged since the Russian Revolution be a surprise to anyone by now? Or the trick here is just to play stupid and dumb and act like every society is free to follow its own priorities with no kind of external interference?

"[E]conomic sanctions imposed by the USA or the EU were associated with 564 258 deaths (95% CI 367 838–760 677) annually from 1971 to 2021, higher than the annual number of battle-related casualties (106 000 deaths). This finding aligns with a previous Article in The Lancet Global Health showing the lethal effects of aid sanctions—economic sanctions specifically targeting development assistance in low-income or middle-income countries (LMICs)—which resulted in a 3·1% increase in infant mortality and a 6·4% increase in maternal mortality annually between 1990 and 2019.

Sanctions are restrictive foreign policy tools that are commonly applied to broad economic transactions, with the punitive aim of coercing behaviour change, such as stopping human rights violations or promoting democracy. According to the Global Sanctions Database, the frequency and duration of sanctions have consistently grown since 1950, while their success rate of achieving the stated aim remains at about 30%."

thelancet.com/journals/langlo/

Overall Trump’s approval rating currently sits at 37%

On his budget 29%
On Ukraine 33%

Independents have jumped ship -> 29%

These are Gallup's numbers, they didn't ask about Trump hiding pedo sex trafficers in the elite, to avoid tanking Trumps numbers completely.

news.gallup.com/poll/692879/in

Gallup · Independents Drive Trump's Approval to 37% Second-Term LowBy Megan Brenan

#FederalReserve staff blamed #tariffs & #inflation for the high cost of the renovation of the central bank’s HQ Thurs & defended many of the upgrades as necessary for #security & maintaining the building’s historic architecture.

The explanation for the cost of the project came on a nearly 3-hr visit to the site before #Trump was set to visit to view the construction. The $2.5B project, which started in 2022, is being used by Trump to target the Fed chair, #JeromePowell.

nytimes.com/2025/07/24/busines

The construction site at the Federal Reserve, where renovations require as many as 800 construction workers over two shifts per day.
The New York Times · Why Is the Fed Renovation So Expensive? Staff Cite Tariffs and Inflation.By Alan Rappeport

Experts See Echoes of the 1930s Amid Trump’s Tariff Tantrums

Earlier this month, Donald Trump announced (via social media, of course) that the European Union (EU) had an nonreciprocal relationship with the U.S. and that he was, in consequence, going to impose 30 percent tariffs on the bloc come August 1. Imperious as always, he continued that, should the Europeans respond in kind, he would simply ratchet up the tariffs still further.

Source

This post has been syndicated from Truthout, where it was published under this address.

President Donald Trump speaks to the media as he departs the White House on July 15, 2025, in Washington, D.C.
Truthout · Experts See Echoes of the 1930s Amid Trump’s Tariff TantrumsIf a US-European tariff war really does kick off in earnest, the consequences could be hugely damaging.
#brazil#canada#debt

The EU approves €93 billion in counter-tariffs on US goods.

EU states on Thursday approved a €93 billion package of counter-tariffs on US goods that would kick in from 7 August if talks with the United States fail.

Brussels and Washington appear to be inching toward a deal with a baseline 15% levy on EU goods, but the bloc is still forging ahead with detailed retaliatory plans in the event of no accord.

mediafaro.org/article/20250724

An illustration of two boxing gloves made from sea containers, one is American, the other is European. | INGRAM / PHOTONONSTOP / INGRAM / PHOTONONSTOP
Le Monde · The EU approves €93 billion in counter-tariffs on US goods.By Le Monde
#EU#Trade#Europe

alojapan.com/1329293/uaw-state UAW Statement on U.S. Trade Agreement with Japan – UAW #DonaldTrump #Japan #JapanNews #news #tariffs The UAW is deeply angered by the Trump administration’s announced trade deal with Japan. What we’ve seen so far makes one thing clear: American workers are once again being left behind. For decades, Japanese automakers have exploited open access to the U.S. market while failing to do right by American workers. Now, instead of addressing

alojapan.com/1329287/trump-say Trump says Tokyo agreed to buy U.S. defense gear, but questions remain #budgets #defense #DonaldTrump #news #SDF #ShigeruIshiba #tariffs #Tokyo #TokyoNews #trade #U.S.MILITARY #U.S.JapanRelations #東京 #東京都 Did this week’s U.S.-Japan trade deal also involve spending on defense? Donald Trump seems to think so. Japan, not so much. Touting the surprise trade agreement with Japan on social media, the U.S. president claimed Wednesday that Tokyo “had

The EU prepares heavy artillery for the US in the tariff war.

The European Commission and member states are discussing the possible use of the anti-coercion instrument, which would allow the bloc to target digital and financial services.

A source said there seemed to be a broad qualified majority between the member states for deploying the anti-coercion instrument in the event of a failure to reach a deal with the US.

mediafaro.org/article/20250723

#EU#Trade#Tariffs