Notices by b9AcE (b9ace@todon.eu)

Again, import tariffs are not "paid by other countries", they are added to the thing's cost at the border, so unless some corporation decides to be nice and give of their profit margin (hah!) that means the tariff is aimed at the domestic populace and WILL disproportionately impact the low income people for whom the price increase will be a larger proportion of their meager income for things they can't just "deprioritize", like basic foods, while the opulent can just decide to buy a yacht fewer that year.

Long term, some production may move to surrender to Trump's aggression (horrible idea, considering Trump's instability) but for important stuff like food, time it would take to mass-establish new farms at required quantity is definitely more than one season (often = year) I'd say and in some cases some products just actually can not be produced in USA so in such cases the economic inflation was just drastically increased because Trump has more experience of bankruptcies than understanding of tariffs.

Local production IS good, environmentally, income equality, labor rights, etc, but it CAN NOT be implemented at immediate whim of a decree. It is just not even theoretically possible, even if everyone in the entire world wanted it, which due to Trump's rhetoric is absolutely not the case now.

─────
Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street
[...]
Drawing comparisons with the market crashes at the height of the coronavirus pandemic and the 2008 financial collapse, the sell-off swept the globe [...].

When New York trading opened, the S&P 500 index of the US’s leading companies fell by as much as 4.3% in morning trading, with the tech-heavy Nasdaq fund down 5.1%.

[...] Trump said: “I think it’s going very well. It was an operation like when a patient gets operated on and it’s a big thing. I said this would be exactly the way it is … We’ve never seen anything like it. The markets are going to boom. The stock is going to boom. The country is going to boom.”
─────
https://www.theguardian.com/business/2025/apr/03/global-markets-turmoil-trump-tariffs-wall-street-downturn

Trump yesterday: "The markets are going to boom. The stock is going to boom."

The market today: "Trump tariffs wipe $5 trillion off Wall Street"
https://www.reuters.com/markets/global-markets-trading-day-2025-04-04/
"Dow plunges 2,200 points, Nasdaq enters bear market as Trump tariffs spark worst meltdown since 2020"
https://finance.yahoo.com/news/live/stock-market-today-dow-plunges-2200-points-nasdaq-enters-bear-market-as-trump-tariffs-spark-worst-meltdown-since-2020-200042876.html
Tesla -10.45%
Amazon -4.16%
Microsoft -3.57%
nVidia -7.76%
Intel -11.5%
Palantir -11.47%
Amazon -4.15%
Apple -6.75%
Google -2.24&
Meta -4.26%
Netflix -6.48%
AstraZeneca -7.39%
BlackRock -7.33%
Et cetera, et cetera...

Several of those I've been boycotting for over a decade.
Wheee! 😀

Oh, also, the new Nintendo Switch 2's preorders were postponed indefinitely due to Trump's tariffshit.

Banks went Trump-tariffshit plumetting too. :-]
The market fear index (VIX) is around 40 (very high).
https://www.reuters.com/markets/global-markets-stress-graphic-pix-2025-04-04/

Also, Klarna Bank, worldwide major within primarily online-shops payment processing, which was going to launch on the New York Stock Exchange... decided to not do that, indefinitely, due to the Trump-tariffshit, as well as some other launches likewise.

*boom* *boom* *boom*

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

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.

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.

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.

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.

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

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.

─────
“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)

Trump's tariffshit keeps keeping the markets "boom" going. 😆
"Elon Musk lost $11bn the day after Donald Trump's tariffs [...]
world's 500 richest people lost a combined $208bn [...]"
https://news.sky.com/video/musk-zuckerberg-and-bezos-how-are-the-richest-men-impacted-by-trump-s-tariffs-13342098

Forbes World's Real-time Billionaires [...] Losers
(changes since 5pm EST of prior trading day)
Elon Musk -$15.7B | -4.15% | Tesla, SpaceX
Larry Ellison -$10.8B | -6.24% | Oracle
Warren Buffett -$10.7B | -6.50% | market gambling
Mark Zuckerberg -$9.2B | -4.99% | Facebook, Instagram
Jeff Bezos -$6.7B | -3.44% | Amazon
Jensen Huang -$6.4B | -7.22% | nVidia
Larry Page -$3.9B | -3.07% | Google
Rob Walton & family -$3.8B | -3.60% | Walmart
Jim Walton & family -$3.8B | -3.63% | Walmart
Alice Walton -$3,7 B | -3.83% | Walmart
Thomas Peterffy -$3.7B | -7.56% | market gambling
Sergey Brin -$3.6B | -3.00% | Google
Bernard Arnault & family -$3.6B | -2.28% | opulence brands (France)
Bill Gates -$3.5B | -3.24% | Microsoft

😁👍 :anarchoheart3:

Today:
International Federation of Red Cross and Red Crescent Societies (IFRC):
"[...] The IFRC is gravely concerned for the ambulance crews of the Palestine Red Crescent who came under heavy gunfire while responding in the early hours of 23 March in the Al-Hashashin area of Rafah. Since then, there has been no communication with the teams. [...]"
https://www.ifrc.org/article/statement-ifrc-calls-access-and-information-fate-nine-missing-palestine-red-crescent-medics

Then:
"Israel admits firing at ambulances in Gaza after Palestinians say rescuers missing in Rafah

Body of team leader found almost a week after six rescuers went missing, Gaza’s civil defence agency says"
https://www.theguardian.com/world/2025/mar/29/israel-admits-firing-at-ambulances-in-gaza-after-palestinians-say-rescuers-missing-in-rafah

Meanwhile, also:
"Israeli army fires at French UNIFIL [UN peacekeepers] patrol near Rmeish in South Lebanon"
https://www.lbcgroup.tv/news/lebanon-news/846277/israeli-army-fires-at-french-unifil-patrol-near-rmeish-in-south-lebano/en?src=rss&utm_source=TheWALL360&utm_medium=Rss-articles&utm_campaign=rss&utm_term=Rss

The International Federation of Red Cross and Red Crescent Societies (which, for reference, organizes the "American Red Cross" and all its equals worldwide),
"is outraged at the deaths of eight medics from Palestine Red Crescent Society, killed on duty in Gaza"
https://www.ifrc.org/press-release/ifrc-condemns-killing-eight-palestine-red-crescent-medics-gaza

Furthermore, "The Palestine Red Crescent Society is devastated by the killing of eight of its medics in Rafah. They were targeted by the Israeli occupation forces while performing their humanitarian duties [...]"
More: https://www.palestinercs.org/en/Article/12024/%E2%80%8FPRCS-The-Killing-of-Eight-of-Our-Medics-is-%E2%80%8FA-Tragedy-Against-Humanitarian-Work

"Shoulder to shoulder, against Fascism!"

The people of Şişli district of İstanbul, the Mayor of which was also usurped during Erdoğan's current coup, keep protesting in spite of heavy rain this evening.
Protests remain completely banned by the decree-appointed Governor.
Also this time you can hear the neighborhood express its support for the protest by banging pots and pans at home.

Police ensuring the safety of the people and protecting public peace in Turkey this evening, by... unprovoked shoving a person in a manner that could very well have caused severe head trauma and then... beating that person and another person who came to help the injured,
probably to prevent the horrible crime of speaking regime-dissenting opinion to the recorder.

The pretext for Turkey detaining the journalist Joakim Medin from Sweden on arrival to cover the anti-coup protests is "insulting the president" (of Turkey) and "membership of an armed terrorist organization", according to dokuz8HABER's report just now.