COVID-LIKE SHORTAGES FOR US CONSUMERS ‘WITHIN WEEKS’
Shipping data shows container traffic from China to the US is collapsing
The consequence “will be empty shelves in US stores in a few weeks and Covid-like shortages for consumers and for firms using Chinese products as intermediate goods”
So much #winning
@JorisBohnsonPM
Why not simply use #Trumpcession?
“It was like an aspiration for most the world. And we’re eroding that #brand right now,” #billionaire #KenGriffin said.
Griffin, founder of one of the largest hedge funds in the world, said that traders are concerned about parking their investments in the #UnitedStates — particularly US #Treasury #bonds — because #Trump’s #tariffs have destroyed faith that America will remain a TRUSTED & RATIONAL actor in global financial markets.
#Citadel CEO #KenGriffin, #billionaire #Trump supporter & #megadonor to #Republicans, had some harsh words for Trump about his #TradeWar:
It’s hurting America’s standing in the world & eroding the nation’s “#brand”.
“The #UnitedStates was more than just a nation. It’s a brand. It’s a universal brand, whether it’s our culture, our financial strength, our military strength …. America rose beyond just being a country,” Griffin said.
#US #economy #recession #trumpcession
https://www.cnn.com/2025/04/24/business/ken-griffin-trump-trade-war-brand?cid=ios_app
"China encouraging public perception Beijing has the upper hand on #tariffs as Trump retreats. State TV refers to him by one of his nicknames here “10,000 Tariff Grandpa." Other names online: “King Know-It-All” “Trump The Nation Builder… for China."
-E Yoon
And
"Chickening out".
Trump tries to walk back his #tariffs after supply chain collapse & threats of empty store shelves -got spooked by the visual of empty store shelves in a few wks. The damage has been done: CN now realizes they've all the leverage in the rel'ship bc we showed our hand. Bus' have seen tariff rates ping-pong mult times just this mo -making it impos to plan or invest.
But reversing course entirely may not be pos. Even a 65% cut
still: 50% tariff.
#Trumpcession #Resist #USPol https://prospect.org/economy/2025-04-24-permanent-tariff-damage/
"China & US haven't held consultations & negotiations on tariffs.
CN COMM Min: If US really wants to resolve the issue, it should lift all unilateral tariff measures against CN."
-CN Wire
"Here's a clean chart of all the #tariffs that're currently implemented.
& how much trade is affected, & the expected loss of GDP, & the expected rise to inflation.
Bookmark this for reference.
Since nobody in the WH wants to be coherent, I'll be coherent on their behalf."
-S Hakimian
#Trumpcession #USPol
New: NY is suing the Trump Admin over the tariffs the president has rolled out in recent weeks and months, joining a suit with 11 other states who contend Congress
didn’t say Trump could use import taxes like this.
Trump’s inaugural CMTE raised a record $239M thanks to dozens of mega corps that contributed to the fund. When many cos. made their donations, the bus comm was still feeling positive re his election. Months later, the mood has changed as bus ldrs digest the impact #tariffs will have on their bus'.
Many bus': upended by Trump’s economic policies: centered on tariffs. Economists warned: could
costs for consumers +tip: #economyrecession.
#ETTD #Conman #Trumpcession #USPol
https://www.cnbc.com/2025/04/23/trump-inauguration-donors-include-meta-amazon-target-delta-ford.html
Cutting tariffs on China by 50-65% still means
50-70% #tariffs. & it doesn't lock in what the tariffs will be next week & the week after that... Some things are IRREPARABLE.
The Trump admin is considering slashing its steep tariffs on Chinese imports—in some cases by more than half—in a bid to de-escalate tensions with Beijing that've roiled global trade & investment.
Trump hasn’t made a final determination -adding: the discussions remain fluid...
#Trumpcession #USPol
https://www.wsj.com/politics/policy/white-house-considers-slashing-china-tariffs-to-de-escalate-trade-war-6f875d69
@mrflash818 They should be because #Americans and the #UnitedStates are *in* a #recession NOW. But it won’t be official until the end of the two full fiscal quarters of #AmericanCarnage2.0.
"Reduction -in-force, *RIFs come at you fast:OPM in Feb told its entire procurement office they'd be laid off, effective 4/23. 4/21: #DOGE/OPM, concerned they wouldn't be able to buy anything anymore, pushed the RIFs back to 5/23. Today -they sent NEW notices with a 5/2 effective date
"
-E Katz
Original coverage of these layoffs:
There is concern for the plight of fed workers, their work, & fired WKRs' future.
"Last Nov, I was part of a bipartisan deleg to Europe, meeting w FIN leaders. Everyone we met was envious of the depth of US cap markets & econ outlook.Trump's destroyed both."
-Rep Casten
"The global economy will slow sharply this yr, weighed down by Trump’s imposition of the highest import taxes in >C +cloud of uncertainty that's billowed in their wake"-IMF.
His double-barreled tariff plan a 10% tax on nearly everything the US imports...
#Tariffs #Trumpcession #USPol https://www.washingtonpost.com/climate-environment/2025/04/22/trump-tariffs-imf-global-economy/
The number of Chinese freight vessels headed to the ports of LA & Long Beach, the top destinations for Asian freight, has dropped sharply.
The trade war b/w China & the US is leading to a demand plummet, & ocean carriers have started to suspend or adjust transpacific services.
“We are at a tipping point on the West Coast,” -logistics expert.
#Tariffs #Trumpcession #Unemployment #Stagflation #Trade #China #USPol
https://www.cnbc.com/2025/04/22/busiest-us-ports-see-big-drop-in-chinese-freight-vessel-traffic.html
"Bessent telling a "closed-door investor summit" yesterday that he expects de-escalation with China.
Not much in here that isn't obvious but that's just not a good look for Scott Bessent."
-Rev Cap
All the bad actors in the Trump regime just appease their leader. Apparently there aren't ongoing negotiations with China, but the stock market is up on the "hope" of lower China #tariffs.
"US rule change for low-value imports threatensthousands of small online sellers, e-commerce expert says."
Higher #tariffs & shipping costs, esp high rates from the #USPS, will bankrupt many small businesses, & likely some medium & large-sized businesses. It's Trump's corrupt intent.
#Privatization #Trumpcession #Economy #USPol https://www.freightwaves.com/news/air-cargo-faces-22b-revenue-hit-when-china-tariff-exemption-ends
Tariff Taxes up. Inflation up. Unemployment up. Interest rates up. Stock market down. Dollar down.
The Trump Depression is going to be "YUGE".
Dow tumbles 1,000 points and dollar hits three-year low as Trump continues to bash Fed Chair Powell
