Post AwutBEvW6uRMZGoB7I by UB_4Tea@mastodon.world
(DIR) More posts by UB_4Tea@mastodon.world
(DIR) Post #AwuqkAeJhpZJZgjByq by Nonilex@masto.ai
2025-08-07T04:59:24Z
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#Trump‘s wide-ranging #tariffs went into effect at 12:01 AM ET on Thurs, just as the economic fallout of his months of threatening them is surfacing in visible damage to the #economy.The import taxes will reach a level not seen in the #US in almost 100 years, with Americans expected to pay an average of 18.3% more for imported products. That’s the highest rate since 1934….#inflation #PersonalFinance #business #recession #geopolitics #law #Congress #SeparationOfPowers https://apnews.com/live/trump-tariff-news-updates-8-7-2025?utm_source=onesignal&utm_medium=push&utm_campaign=2025-08-07-Breaking+News
(DIR) Post #Awuqsjk17Qdgj8Tk5Q by Nonilex@masto.ai
2025-08-07T05:00:58Z
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Companies are dealing with the #tariffs in various ways. For example many automakers appear to be swallowing the costs – for now. But most economists say the cost will ultimately be borne by #US #consumers & #businesses to some degree.#Trump #economy #inflation #PersonalFinance #business #recession #geopolitics #law #Congress #SeparationOfPowers
(DIR) Post #AwurF14fM6iqr5lEVE by Nonilex@masto.ai
2025-08-07T05:05:00Z
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The White House said that starting just after midnight that goods from >60 countries & the #EuropeanUnion would face tariff rates of 10% or higher. Products from the #EU, #Japan & #SouthKorea will be taxed at 15%, while imports from #Taiwan, #Vietnam & #Bangladesh will be taxed at 20%. For places such as the EU, Japan & South Korea, #Trump also *expects* them to invest hundreds of billions of dollars in the #US.#economy #tariffs #inflation #recession https://apnea’s.com/article/trump-tariffs-into-effect-economy-warning-signs-eafe20de9abad312573b320fd4b5fb33
(DIR) Post #AwurTN1wWJMn0NKcoy by Nonilex@masto.ai
2025-08-07T05:07:34Z
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…But so far, there are signs of self-inflicted wounds to America as companies & #consumers alike brace for the impact of new taxes. What the data has shown is a #US #economy that changed in April with #Trump’s initial rollout of #tariffs, an event that led to market drama, a negotiating period & Trump’s ultimate decision to start his universal tariffs on Thursday.#inflation #PersonalFinance #business #recession #geopolitics #law #Congress #SeparationOfPowers
(DIR) Post #AwurfmhgtQgg6XmK9o by Nonilex@masto.ai
2025-08-07T05:09:50Z
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After April, economic reports show that #hiring began to stall, inflationary pressures crept upward & #home values in key markets started to decline, said John Silvia, CEO of Dynamic Economic Strategy.“A less productive #economy requires fewer #workers,” Silvia said in an analysis note. “But there is more, the higher tariff prices lower workers’ real #wages. The economy has become less productive, & firms cannot pay the same real wages as before. Actions have consequences.”#Trump #tariffs
(DIR) Post #Awurz8TKBQDN7UHnMm by Nonilex@masto.ai
2025-08-07T05:13:20Z
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Even then, the ultimate transformations of the #tariffs are unknown & could play out over months, if not years. Many economists say the risk is that the #US #economy is steadily eroded rather than collapsing instantly.…#Trump has promoted the tariffs as a way to reduce the #TradeDeficit. But importers sought to avoid the taxes by importing more goods before the taxes went into effect. As a result, the $582.7 billion #trade imbalance for the first half of the year was 38% higher than in 2024.
(DIR) Post #Awus7d7a76xMUfAN8q by Nonilex@masto.ai
2025-08-07T05:14:52Z
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Total #construction spending has dropped 2.9% over the past year, & the factory #jobs promised by #Trump have so far resulted in job losses.The lead-up to Thursday fit the slapdash nature of Trump’s #tariffs, which have been variously rolled out, walked back, delayed, increased, imposed by letter & frantically renegotiated.#economy #inflation #PersonalFinance #business #recession #geopolitics #law #Congress #SeparationOfPowers
(DIR) Post #AwusS3HyX5VPRVlY6i by Nonilex@masto.ai
2025-08-07T05:18:34Z
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The process has been so muddled that officials for key #trade partners were unclear at the start of the week whether the #tariffs would begin Thursday or Friday. The language of the July 31 order to delay the start of tariffs from Aug 1 said the higher tax rates would start in 7 days.On Wednesday morning, Kevin Hassett, director of the White House NEC, was asked if the new tariffs began at midnight Thurs, & he said reporters should check with the US Trade Rep’s Office.#Trump #economy
(DIR) Post #AwusgpSGFY0KsfchJQ by Nonilex@masto.ai
2025-08-07T05:21:14Z
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…Trump’s use of a 1977 #law to declare an economic *emergency* to impose the #tariffs is also under challenge. The impending ruling from last week’s hearing before a US appeals court could cause #Trump to find other legal justifications if #judges say he exceeded his #authority.Even people who worked with Trump during his first term are skeptical that things will go smoothly for the #economy, such as Paul Ryan, the fmr Republican House speaker….#geopolitics #law #Congress #SeparationOfPowers
(DIR) Post #AwusvEOaJkfWHrls3s by Canuckrs@mastodon.social
2025-08-07T05:23:49Z
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@Nonilex if Trump continues with these tariffs one thing you can count on is country's slowly but surely trading less & less with America 🇨🇦
(DIR) Post #AwuswMEOfc70sXXits by Nonilex@masto.ai
2025-08-07T05:24:02Z
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…“There’s no sort of rationale for this other than the president wanting to raise #tariffs based upon his whims, his opinions,” Ryan told CNBC on Wednesday. “I think choppy waters are ahead because I think they’re going to have some legal challenges.”…As of now, #Trump still foresees an economic boom while the rest of the world & American voters wait nervously. #economy #inflation #PersonalFinance #business #recession #geopolitics #law #Congress #SeparationOfPowers
(DIR) Post #Awut0dJB7UOZ06ome0 by Nonilex@masto.ai
2025-08-07T05:24:49Z
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“There’s one person who can afford to be cavalier about the uncertainty that he’s creating, & that’s Donald Trump,” said Rachel West, a senior fellow at The Century Foundation who worked in the #Biden White House on #labor policy. “The rest of Americans are already paying the price for that uncertainty.”#Trump #economy #tariffs #inflation #PersonalFinance #business #recession #geopolitics #law #Congress #SeparationOfPowers
(DIR) Post #AwutBEvW6uRMZGoB7I by UB_4Tea@mastodon.world
2025-08-07T05:26:41Z
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@Nonilex #Krasnov is using tariffs to shake down the government of US trading partners. As far as I know, this is an unique operation and alert the world economy. Today, EU tariffs is 15%. Waht about tomorrow ? If something happens Krasnov doesn't like, it could be 20 or 25% soon. You never know. He`s going to tear down the whole market.
(DIR) Post #AwvD0Orap8lHHf57K4 by xs4me2@mastodon.social
2025-08-07T09:08:50Z
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@Nonilex What could possibly go wrong…