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   b9AcE (b9ace@todon.eu)'s status on Saturday, 05-Apr-2025 09:11:22 JST b9AcE

   in reply to

   ─────
   “I think it’s going very well,” Trump, asked about the market reaction [to Trump's trade war tariffs], told reporters.

   “You’ve never seen anything like it. The markets are going to boom. The stock is going to boom. The country is going to boom.”

   Akayla Gardner
   White House Reporter
   ─────
   https://www.bloomberg.com/news/live-blog/2025-04-02/trump-s-tariff-announcement?cursorId=67EED6DCB2240000

   Suuure, "buddy". :-D

   Meanwhile, in the really real world...
   "Here is the latest chart of the S&P500 as of 2pm ET on Thursday:" (https://www.theguardian.com/us-news/live/2025/apr/03/donald-trump-tariffs-world-trade-republicans-join-democrats-block-canada-tariffs-us-politics-latest-news-updates?CMP=share_btn_url&page=with%3Ablock-67eeda608f0843b305e4a2fa#block-67eeda608f0843b305e4a2fa)

   • Embed this notice
     b9AcE (b9ace@todon.eu)'s status on Saturday, 05-Apr-2025 09:11:23 JST b9AcE

     in reply to

     900 car manufacturer employees in USA "temporarily laid off" due to Trump's tariffs bullshit against the immediate neighbors.
     https://www.reuters.com/business/autos-transportation/stellantis-says-will-temporarily-lay-off-900-us-workers-following-tariff-2025-04-03/
     Sooo, guess those workers will just have to "temporarily" stop paying rant and eating then?

     Guessing there are lots of and will be even more of such mass-layoff cases soon, because MAGA.

   • Embed this notice
     b9AcE (b9ace@todon.eu)'s status on Saturday, 05-Apr-2025 09:11:24 JST b9AcE

     in reply to

     Economic analysis on how "Trump’s ‘idiotic’ and flawed tariff calculations stun economists", featuring the formula I tooted earlier in this thread
     https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists

   • Embed this notice
     b9AcE (b9ace@todon.eu)'s status on Saturday, 05-Apr-2025 09:11:25 JST b9AcE

     in reply to

     Trump's tariffs keep reminding me of two other events when rulers compensated for field-relevant incompetence through increased authoritarianism instead of through decentralization so that those with the relevant competence, those doing the actual things such as farmers, factory workers, etc could with their deep knowledge decide how they should do things.
     It reminds me of the "Great Leap Forward" which leaped the people into the "Great Chinese Famine" and it reminds me of the first five-year plan of the "Soviet" Union imposed by Stalin resulting in the Soviet famine which included the Holodomor and similar devastation elsewhere.

   • Embed this notice
     b9AcE (b9ace@todon.eu)'s status on Saturday, 05-Apr-2025 09:11:26 JST b9AcE

     in reply to

     As economists and journalists I've seen so far have been just unable to find any real basis for Trump's claimed external tariffs being "responded to", mostly describing them with terms like "magic" or "apparently unfounded", here is the first person professionally within the relevant fields I've seen who claims to have a solid explanation for how the numbers were made, either astonishingly incompetently or more likely plain deceptively, from James Surowiecki (https://en.wikipedia.org/wiki/James_Surowiecki).

     White House Deputy Press Secretary Kush Desai claims that "No we literally calculated tariffs and non tariff barriers", while in its claims Trump-administration has reclassified EU's VAT (value-added tax) as a non-tariff barrier while that is just not true, VAT isn't a trade barrier but instead an evolved form of what in USA is "sales tax" mess which isn't mentioned in the other direction by Trump and representatives.

     The exception seems to be when a place has no/very low trade with USA, so their crazy calculation can't be reasonably applied, they just declare 10% anyway, like e.g. Heard Island and McDonald Islands with population total of 0,
     except for Russia which isn't included and they claim it's because Russia is sanctioned so trade is low, but that didn't stop them from putting other places on the list.

   • Embed this notice
     b9AcE (b9ace@todon.eu)'s status on Saturday, 05-Apr-2025 09:11:27 JST b9AcE

     in reply to

     I made a bit of list for you poor folks in USA likely to be hit by Trump's tariffs,
     what I would personally prioritize getting in approximate order of necessity when economy dries up or prices gallop away:

     rice (both whole grain/brown for fiber and nutrition while also white for ease of use and price)
     dried/canned beans and similar (red/green lentils, kidney)
     salt (essential for body)
     cooking oil (canola)
     canned tomatoes (base for many soups/sauces)
     pasta (spaghetti, etc, preferably whole grain)
     rolled oats (quick food with low own sugar)
     low complexity sugar like dried fruits (raisins, date paste, dried apricots), plain sugar or honey
     spices (peppers, dried granulated/powdered garlic, etc by taste, for morale)
     nut butters (peanut, cashew, etc, quick high energy and protein)
     canned/pickled veggies (choose by price and taste, for variety)
     flours (if you plan on baking: also dried yeast)
     coffee/tea (sometimes a pick-me-up is needed)
     soaps (liquid, as generic as possible to enable same being used for body, floors, dishes, laundry)
     multivitamins (to attempt compensating for potential lack of fresh veggies and variety) with in particular B12

     I am NOT a doctor.
     I have, however, gone 6 months on no income, then 6 again just after and had other similar experiences, sooo… I'm sharing my experience.

   • Embed this notice
     b9AcE (b9ace@todon.eu)'s status on Saturday, 05-Apr-2025 09:11:28 JST b9AcE

     in reply to

     Again, problem isn't tariffs per se, but the incredibly imbecilic execution.
     After USA spent about a century coercing the current "free trade", to push its less desired jobs abroad with outsourcing, etc leading to dismantling of labor rights and protections worldwide, through its enforcement and wreckers like WTO, IMF, etc but also actual wars and coups worldwide, to get situations like NAFTA where USA's corporations and similar get the profits while the neighbors provide the labor, the Banana Wars (https://en.m.wikipedia.org/wiki/Banana_Wars), Pinochet, the Operation Gladio coups, etc, etc, all to force the globalization which devastates workers in especially but not only Southeast Asia with sweatshops and environmental devastation only have the output shipped worldwide for even more environmental impact, all to maximize profits for USA corporations like Nike, Coka Cola, Kraft, etc,
     BUT, this isn't like a common gradual push to restore buying local for union rights, the environment and so on, but is instead shock treatment, bullying and aggression, presented with aid of presumably intentional lies (Singapore's tariffs are AFAIK 0 instead of 10 and EU's around 1 instead of 39).
     There is NO time table to build prepared capacity in USA to produce what's now rariffed, so will just shock boost domestic stagflation.

   • Embed this notice
     b9AcE (b9ace@todon.eu)'s status on Saturday, 05-Apr-2025 09:11:29 JST b9AcE

     How to make your allies walk away, friends despise you and neutral seek to create or join blocs specifically to oppose you? Trumpism!
     "Trump implements sweeping tariffs ranging from 10% to 49% on foreign countries"
     https://www.theguardian.com/us-news/live/2025/apr/02/donald-trump-tariffs-trade-latest-live-us-politics-news?CMP=share_btn_url&page=with%3Ablock-67ed9d768f08188975c641bc#block-67ed9d768f08188975c641bc
     But overall, most of all you just shot every resident of USA in the foot.
     You dolt.

     MAGA: Making Animosity Globally Ascend
     MAGA: Misguided Actions Generate Adversaries