Him and Cory Booker tell it like it is. They don’t sugarcoat what is happening.
Him and Cory Booker tell it like it is. They don’t sugarcoat what is happening.I want to hear a lot more from him
Partially related, but moreso that OPEC just announced they will pump 3x more oil next month than previously planned, due to rumors that some of the cartel were selling more than their quotas in secret. In a nutshell, Saudis are punishing those who tried to profit by doing this, similiar to how they crashed oil to -$20/bbl back in 2021.Less things to transport, less oil needed.
I think about that bullet often.
I dont believe Trump is that sharp to have schemed and plotted something like this out. He and his trade advisor (Navaro) are more likely simple minded to believe that the tariffs will really work and ultimately result in economic prosperity for the country.
View attachment 121356
“California is a stable trading partner and we hope you remember that as you consider California-made products,” Gov. Gavin Newsom said in a video statement to foreign governments.Credit...Damian Dovarganes/Associated Press
Gov. Gavin Newsom of California is trying to get around President Trump’s tariffs to protect trade in a state with the world’s fifth-largest economy, asking his administration on Friday to pursue new international trade deals to exempt California products from any retaliatory tariffs.
Mr. Newsom, a Democrat, called on foreign governments to exclude items made in California from any actions they take in response to the tariffs Mr. Trump announced this week.
“Donald Trump’s tariffs do not represent all Americans, particularly those I represent here in the fifth largest economy in the world, the state of California,” Mr. Newsom said in a video announcement. “California is a stable trading partner and we hope you remember that as you consider California-made products.”
California is the nation’s largest agricultural producer and home to the most Fortune 500 companies in the country. It exported $23.6 billion in agricultural products in 2022, with almonds, dairy products, pistachios, wine and walnuts making up the top exports.
The Newsom administration also fears that retaliatory tariffs from countries that provide construction supplies, including timber, steel and aluminum, could hamper rebuilding in Los Angeles after January’s devastating wildfires.
Mr. Newsom announced the plan early Friday in a news release and a brief video that did not dive into the details about how California’s separate trade deals might work. He sent a similar announcement to the email list he uses for political fund-raising. “The trade war that Donald Trump has launched is going to be felt in pretty profound ways to real people, including those who voted for Donald Trump and are now being betrayed by this very administration,” the email read.
The governor’s announcement could ratchet up animosity between California and the Trump administration, which has already targeted the state with multiple investigations and legal challenges, including six announced in just one day last week.
“Gavin Newsom should focus on out-of-control homelessness, crime, regulations, and unaffordability in California instead of trying his hand at international dealmaking,” White House spokesman Kush Desai said in a statement about Mr. Newsom’s appeal to other nations.
California’s economy relies on heavy trade with Mexico, Canada and China. Mr. Newsom said Mr. Trump’s tariffs could result in major disruptions in particular to supply chains that span the California-Mexico border.
“If these goods are taxed each time they cross the border, the price of the final product will rise and ultimately be passed on to California consumers,” a statement from the governor’s office read. “This will have far-reaching impacts, affecting everything from semiconductors to aerospace and automotive products.”
Gov. JB Pritzker of Illinois, a Democrat, is also seeking to position his state as a reliable trading partner in a time of economic upheaval. In a visit to Mexico City this week, he signed an agreement to strengthen trade between Illinois and the most populous state in Mexico in the areas of manufacturing, agriculture and finance.
California already has agreements with dozens of international partners, many of them with foreign cities and regions that want to work with the state on economic and environmental initiatives.
Last month, Mr. Newsom hosted the governor of the Mexican state of Sonora, and they signed agreements advancing development of clean energy and supply chains. In 2023, Mr. Newsom traveled to China and signed agreements with several cities and provinces to advance wind energy, clean shipping routes and methane reduction.
I was bicycling home from the gym the other day and a guy on a bike passed me, waved at me. In his front basket sat a fair sized dog. I'm wow, cool, then I notice he has a back basket too and a small dog sat in it. I wished I could have taken a picture of them but lost him.My friend has a really cool bike bag from this company. I loved it but I wish there was a little bigger so they had a Kickstarter for their bigger version of it, last fall, and I immediately backed it. We've been getting regular updates and shipping was on schedule for April as promised.
And of course the email comes today that they have to assess the situation due to Trump's insanity. I mean if the price goes up that it is what it is, and I don't mind paying because I know they can't go broke. But that's definitely going to affect a lot of consumer choices in the future when those prices get hiked man.
Trump is so dumb and he is out of shits to give. He does not care what happens to the stock market he is checked out, he wants to do what he wants to do and he's not listening to anybody at this point even if there are any reasonable people near him. Which I don't think there are
I dont believe Trump is that sharp to have schemed and plotted something like this out. He and his trade advisor (Navaro) are more likely simple minded to believe that the tariffs will really work and ultimately result in economic prosperity for the country.
IIRC Trump is thumping Vietnam with 46% tariff.Neighbor was happy that Vietnamese leader promise to lower traffic on US goods to zero, said its a WIN for the Trump Admin.
The Vietnamese leader said hope that will help ease the tension between the two countries and keep investment to Vietnam from US.
I then asked him how much do Vietnam import from US, what goods, and how much they export back into US?
Also by US investment, that means US companies will continue to 'invest' manufacturing in Vietnam, wouldn't that go opposite on trying to bring manufacturing back into the US?
He still said it is a WIN... 🤦♂️
Even if you think this is a bit far out there, it seems that America is now a Centrally Planned Economy...
Also told women to stay in the kitchen on election day. Must be good guys though building an election system designed explicitly around Dixie being able to count their slaves at a 3/5 ratio towards representation without giving those silly negroes any rights.It was a little more complex than you're making it out to be.
Such bigly winningEven if you think this is a bit far out there, it seems that America is now a Centrally Planned Economy...
View attachment 121366
Why would any American firm initiate or expand local production of formerly imported goods, when Trump can change the economic landscape practically at will?
You good folk are so farked
Edit: missed @nisryus post above which kinda says the same thing 👍
America being a planned economy is hardly anything new. For instance meat prices are planned by the AgriStats cartel and residential rents are planned by RealPage. We're the land of 50 different cereals on the store shelves, all made by three companies. After all the anticommunist scare tactics of how bad planned economies are we live under a capitalist planned economy.Even if you think this is a bit far out there, it seems that America is now a Centrally Planned Economy...
Dow down 2,200 points as $6.4 trillion is wiped out in two-day bloodbath as China declares trade war over Trump tariffs
Wall Street’s bloodbath spilled over into a second day on Friday as the Dow Jones Industrial Average plummeted by more than 2,200 points after China unveiled stiff retaliatory taxes to President Trump’s tariffs.
The Dow tanked 2,231 points — a day after suffering a 1,679-point drop, its previous worst session since the start of the COVID-19 pandemic in 2020.
The two-day selloff wiped out $6.4 trillion in market value.
Goes to show how important and effective social security is.Dow down 2,200 points as $6.4 trillion is wiped out in two-day bloodbath as China declares trade war over Trump tariffs
The Dow Jones Industrial Average was down more than 2,000 points — a day after suffering a 1,679 drop, its worst session since the start of the COVID-19 pandemic in 2020.nypost.com
This is unlikely to affect the truly wealthy...they're playing the market and making money on the dips...but the 401K of the average working stiff? Probably getting hammered.