Conversation

Notices

1. Embed this notice
   Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 01:20:40 JST Nonilex

   #Congress #Trade hearing: Jamieson Greer, the US trade rep, defended the aggressive #tariffs imposed by #Trump in a hearing before the #Senate #Finance Cmte, pointing to requests from dozens of nations to strike new trade deals as proof the strategy is working. Financial #markets regained a *measure* of calm after 3 days of #market turmoil unlike anything seen since the early days of the coronavirus #pandemic.

   #economy #inflation #recession #trumpcession #RevengePolitics
   https://www.nytimes.com/2025/04/08/us/politics/trump-tariffs-greer.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=9F6CCBC0-067F-4E60-965A-56CD1CDEFA34

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 01:20:37 JST Nonilex

     in reply to

     Greer, the nation’s #trade rep, responds that the US is happy to *negotiate* [extort] w/countries in ways that will reduce the US trade deficit. “It’s going to be country by country.”

     #MarkWarner (D-VA) says that the markets may be up today, but he likens it to “a good day in hospice.” Since #Trump took office, more than $11 trillion has vanished from the #StockMarket.

     #Senate #Finance #tariffs #ExecutivePower #AbuseOfPower #economy #inflation #recession

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 01:20:37 JST Nonilex

     in reply to

     Steve Daines, a Republican senator from Montana, says he’s concerned about the inflationary effect of #tariffs because #consumers pay the cost of tariffs in the short & medium term [the whole term]. But he says he’s encouraged that other countries are approaching the #US to negotiate [all #Republicans caveat their concerns w/some flattery] . He says #markets are rebounding today because “there’s hope that these tariffs are means and not solely an end.” [sure, Jan.]

     #Trump #economy #recession

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 01:20:37 JST Nonilex

     in reply to

     Earlier, Sen #RonWyden of Oregon, the top #Democrat on the #Senate #finance cmte, assailed #Trump’s #trade policy as he grilled Jamieson Greer: “The U.S. #economy has gone from the envy of the world to a laughingstock, in less time than it took to finish March Madness.”

     #tariffs #ExecutivePower #AbuseOfPower #economy #inflation #recession

     Mr. Bill repeated this.
   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 01:20:37 JST Nonilex

     in reply to

     Sen #RonJohnson (R-WI) said he was “disappointed” that the #Trump admin was not considering exclusions to the global #tariffs, & lamented the potential impact on #SmallBusinesses in his state that rely on #trade with a number of foreign companies. “Tariffs are a double edged sword,” Johnson told the trade rep Jamieson Greer, during his hearing before the #Senate #Finance Cmte. Johnson added, “I hope you & the president are sensitive to companies potentially going #bankrupt by these actions.”

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 01:20:39 JST Nonilex

     in reply to

     #ChuckGrassley of Iowa, one of the few #Republicans who have signed on to #legislation opposing #Trump’s #tariffs, says in Greer’s hearing that he supports the president generally but believes #Congress has delegated too much authority to the president over #trade.

     #Senate #Finance #tariffs #ExecutivePower #AbuseOfPower #economy #inflation #recession

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 01:20:39 JST Nonilex

     in reply to

     #Republicans from #farming states have been put in a particularly tough position by the tariffs. “We all know #agricultural is usually the first place of retaliation,” Grassley says.

     #Grassley says he has taken a vocal “wait & see” approach 🙄 to #tariffs because he believes #Trump & Greer are using them as a tool to get fairer trade (nope). “If that’s not the case, level with me.”

     #Senate #Finance #tariffs #ExecutivePower #AbuseOfPower #economy #inflation #recession

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 03:07:53 JST Nonilex

     in reply to

     Karoline Leavitt, the White House propagandist, told reporters Tues that #Trump had tasked his advisers to “have tailor-made #trade deals w/each & every country that calls up this administration to strike a deal.” But she rejected the idea that this marked an “evolution” from aides’ earlier comments that there would not be a negotiation over #tariffs, w/more set to take effect tomorrow. She reaffirmed Trump is not planning to pause implementation of his plan.

     #economy #inflation #recession

     Mr. Bill repeated this.
   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 03:07:53 JST Nonilex

     in reply to

     Leavitt said the new #tariffs #Trump threatened #China with — totaling 104% levies — would go into effect at 12:01AM Wednesday, Eastern time, in the #UnitedStates.

     #ExecutivePower #AbuseOfPower #economy #inflation #recession #trumpcession #geopolitics #RevengePolitics #idiocracy #kakistocracy #MafiaState

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 03:07:54 JST Nonilex

     in reply to

     Any such measure would face a tough path, needing enough support to overcome a presidential veto. And the #House may avoid having to consider it at all. Last week, the #Senate approved a similar measure to scrap the #tariffs that #Trump imposed on #Canada, but #HouseRepublicans moved preemptively to shut down the requirement that they vote on such a measure

     #Finance #ExecutivePower #AbuseOfPower #economy #inflation #recession

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 03:07:55 JST Nonilex

     in reply to

     On the topic of #Congress NOT having delegated this power to POTUS…

     A bipartisan group of senators plans to introduce a resolution this week that would terminate the *national emergency* #Trump declared last week to introduce his #tariffs. A copy of the resolution shows it will be introduced by a handful of Democratic senators — Ron Wyden, Chuck Schumer, Tim Kaine, Jeanne Shaheen, Peter Welch & Elizabeth Warren — & currently just one Republican, Rand Paul.

     #Senate #Finance #ExecutivePower

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 03:07:56 JST Nonilex

     in reply to

     Acc/to #Trump’s interpretation of trade laws, #BernieSanders told Greer, “the president can declare an emergency with any country on Earth.” He added, “That’s called #authoritarianism.”

     Greer responded: “Sir, Congress delegated this power to the president.” ← they did not.

     #Senate #Finance #tariffs #ExecutivePower #AbuseOfPower #economy #inflation #recession

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 03:07:57 JST Nonilex

     in reply to

     Greer said #Trump directed that there will be no exclusions for the #steel & #aluminum tariffs or products made in #China, but demurred when asked how long #tariffs will be in place. “We have to take this step by step,” he said. “We have to take it country by country, to address these issues.”

     #Senate #Finance #tariffs #ExecutivePower #AbuseOfPower #economy #inflation #recession

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 03:07:57 JST Nonilex

     in reply to

     The hearing has concluded. Before it wrapped up, Sen #BernieSanders (I-VT) described himself as “not a great fan of unfettered free #trade” but called the national emergencies President Trump has used to impose tariffs against #Canada & other countries “a lie.”

     #Senate #Finance #Trump #tariffs #ExecutivePower #AbuseOfPower #economy #inflation #recession

   • Embed this notice
     Nonilex (nonilex@masto.ai)'s status on Wednesday, 09-Apr-2025 03:07:58 JST Nonilex

     in reply to

     Jamieson Greer, the US #trade rep, testified before the #Senate #Finance Cmte for >2 hours. Thom Tillis (R-NC) had some fiery & skeptical questions, asking if Greer’s in charge of the #tariffs or “whose throat I get to choke when it’s wrong.” He also sought to clarify if there will be any exceptions, probably on behalf of his constituents who depend on imported parts & components for their businesses.

     #Trump #ExecutivePower #AbuseOfPower #economy #inflation #recession

   • Embed this notice
     Bssr4 (TЯ☭M₽ ) (bssr4@mastodon.social)'s status on Wednesday, 09-Apr-2025 03:19:29 JST Bssr4 (TЯ☭M₽ )

     in reply to

     @Nonilex

     "TRIBUTES"
     We call them:
     "TRIBUTES!"