Trump's 'Liberation Day': US govt imposes tariffs to 'reset' global trade, 'MAGA', 'defeat' China - Will it work?

The carnage has begun, the first financial missiles have been launched and now there is an all-out trade war. The European Union will announce countermeasures.

Dow started with losses, now exceed -1500 points on the day with the S&P 500 down -4.3%. Two trillion has been erased from the stock market today.

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Marketwatch


People wonder why there are no tariffs announced for Russia, well, for them there are restrictions and economic sanctions. Medvedev stresses that in all these years Russia prevails.

Those who were surprised were the Israelis, "not that we were allies" they probably thought 😂.


Trump Administration put a 10% tariff on the Heard Island and McDonald. These islands have no human population and are home primarily to penguins, seals, and seabirds, but the islands were still included, likely due to their status as an Australian territory.

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axj said:
I would be cautious to believe anything that publications like Barron's say. Many if not most of such media outlets seem to be owned by globalists who of course will continue to push for globalization and "free trade".
There seems to be no consensus on what caused or deepened the Great Depression. A big part of it seems to have been due to speculation and banks, though higher tariffs may have played a role as well.
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Yes I agree that you have to be skeptical even with the encyclopedia Britannica (and it is not irony), almost all the “safe” sources belong to the globalists, but that is what it is, and that is why I find interesting the counterweight that Moneycircus makes with this article, if you read it, he says in one part that not everyone agrees that tariffs were the worsening factor of the depression of the 30s. In short he seems to be saying that Trump is looking to level the playing field in order to deal with trade and economic competition, which seems to me to be a reflection of the path of what is about to happen from higher perspectives.
 
Though on the topic of Trump and Israel, it is indeed very strange and unexpected that he just imposed high tariffs on Israel, even though Israel recently removed tariffs on US goods.

Is Trump moving away from doing what Israel wants? Is it some sort of bargaining chip he wants to use on them?

www.jpost.com

Trump tariffs on Israel a regression in trade relations: Israeli officials, businesses react

Officials said they were convinced that Israel's decision to cancel Israeli tariffs on US imports would prevent US tariffs on Israel.
www.jpost.com www.jpost.com
 
1 point to get straight. Tariffs did not cause the Great Depression. The Great Depression was caused by the popping of the financial bubble mania which preceded it, and it obviously popped in 1929 as shown by the stock market crash.

Conditions are similar today in the sense that we have another huge financial bubble, and it probably popped.

The stock markets have been at or below the 200 day moving average for several weeks, and today was a bad day for markets.
 
Cosmos said:
The way german mainstream radio is reporting/framing the tariffs Trump has now instructed (more or less like “worst thing ever“) almost sounds like they’re planning a economic (global?) crash of sorts and then blame it on Trump.
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They'd also find a way blame Trump if the economy suddenly got better. That is, I don't think the media screaming, "Orange Man Bad" is evidence of an imminent economic crash. It is just evidence of their own mental sickness that they are trying to project onto all of us. When I hear the media/elite screaming about the economy, it almost comes off like they are desperate for it to happen. Like they need the global economy to collapse to be able to hide their dirty laundry. Except, the elite don't seem to have much influence over outcomes these days:

Q: (PopHistorian) On a scale of 1-10, how well are the plans of the powers that be succeeding right now?

A: Depends on who you think you are referring to. Current "elites" are not doing so well. But the quorum is doing quite well.
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I know I have thought it was inevitable for quite some time but I think it is worth questioning if global economic collapse is even a guaranteed near future event.

(Joe) The resistance that the quorum wanted. In the last session, they said that there was going to be a program change and that it turned out it was going to be the assassination of Trump and that program change needed to happen. This needed to happen because there wasn't enough resistance from the people to achieve balance.

(L) In other words, did it galvanize people?

A: Close.

Q: (Joe) So can resistance mean...

(L) Like resistance to a disease?

(Joe) Well, yeah, in a certain sense. We think of resistance as people on the streets shouting, "Down with this sort of thing!"

(L) Down with your side, down with my side.

(Joe) Is resistance also even more so like you said, awake people being aware, and resistance like an internal resistance?

A: The imbalance was so severe that the STS side risked a severe violation of free will at a level that would have resulted in necessary degaussing from natural factors of balance.
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Who knows how far these balancing forces will go? Would artificially collapsing the global economy, "Risk severe violation of free will that would result in degaussing from natural factors of balance?". I think it does. The (global) will of the people voted for Trump with the health of the economy being a primary reason. Perhaps that free will will offer some protection from global economic chaos.
 
The Magnificent Seven suffered today (April 03) Reports indicate that their combined market capitalization dropped by approximately $800 billion during the trading session. Individual performances varied, but the overall trend for these stocks today was notably negative:​

AAPL -8.95
META -7.3
AMZN -6.93
NVDA -5.48
GOOGL -3.62
TSLA -2.87
MSFT -2.77

This was because most of the Magnificent Seven's products are manufactured in China, primarily taking advantage of cheap labor. China now faces import tariffs from the U.S. of up to 54%.

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Apple's stock fell almost 9% wiping out approximately $225 billion in market capitalization.

In the case of META, approximately 10% of Meta's total revenue came from Chinese companies advertising on Facebook or Instagram. Temu and Shein are the main companies buying advertising space from META. So it is possible that Chinese companies may reevaluate their advertising strategy. On the hardware side, Meta imports components and products from China for its Reality Labs division, which produces devices like the Meta Quest virtual reality headsets. Most of these headsets are manufactured in China.

Now, NIKE is not a technology developer and is not part of the Magnificent Seven, yet its production is 24% dependent on factories in China. Nike (NKE) had a substantial drop of 14.4%.


Will Trump succeed or will the global economy collapse in the attempt?

 
SummerLite said:
No Tariffs on Russia I've heard.
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Andrei Martyanov discussed this today. He said that Russia’s total trade with the US for 2024 totaled 3.5 billion dollars, which is “pocket change” to the Russians. So basically “the US shot itself in the foot…and if they think they are hurting Russia I have a bridge to sell you.”

I’ve attached a screenshot of the breakdown from his podcast as it’s a lot to transpose and you can’t copy and paste the transcript. But it makes the point:

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Evan said:
Andrei Martyanov discussed this today. He said that Russia’s total trade with the US for 2024 totaled 3.5 billion dollars, which is “pocket change” to the Russians. So basically “the US shot itself in the foot…and if they think they are hurting Russia I have a bridge to sell you.”

I’ve attached a screenshot of the breakdown from his podcast as it’s a lot to transpose and you can’t copy and paste the transcript. But it makes the point:

View attachment 107418
View attachment 107419
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Literally the stated reason for no tariffs on Russia I believe was that the US does not officially trade with Russia. If they put a tariff on it they would have to admit sanctions were being violated.

The sanctions Trump WANTS to put on Russia now involve secondary sanctions like sanctioning India because they trade with Russia. Good luck with that...
 
daddycat said:
1 point to get straight. Tariffs did not cause the Great Depression. The Great Depression was caused by the popping of the financial bubble mania which preceded it, and it obviously popped in 1929 as shown by the stock market crash.

Conditions are similar today in the sense that we have another huge financial bubble, and it probably popped.

The stock markets have been at or below the 200 day moving average for several weeks, and today was a bad day for markets.
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Actually there were a lot of other factors as well, most of which had to do with the incompetence of Hoover and later FDR, otherwise you could have had a quicker rebound like what happened in the last speculative bubble crash depression of 1920-1921. People forget that even though he was a Republican, he was a hard core interventionist in the economy and FDR borrowed from his public works spending ideas with his "New Deal" interventions. He not only raised tariffs, he jacked up income and corporate taxes in 1932. He specifically pressured businesses not to allow wages to drop, which was a normal response to deflationary pressures...and this predictably led to more unemployment. FDR then went crazy with the New Deal where competition was literally made illegal and other such notions. This prolonged the Depression so that it became the "Great Depression" There are numerous books chronicling this thesis with a mountain of evidence. The US did not truly come out of it until WWII.

I am okay with tariffs if done smartly. All taxes are negative externalities to an economy. Tariffs are less harmful than income taxes that literally discourage productivity and cause massive changes in behavior that are not good for the economy. Tariffs at least have national security benefits of keeping some minimal production onshore, etc. If you raise tariffs while also equally lowering taxes on income (as best possible...one of the many problems with income taxes is they are the hardest to budget for because of all the accounting games people can play; people making $10+ million a year can pay 0 taxes legally if they know what they are doing), it should be a net positive on the externality front.

However, the tariffs need to make sense. Executive order tariffs, besides violating the US Constitution (the power of tax is in Congress) are not long lasting (can be undone with a stroke of a pen) so no one has any incentive to actually build long lasting factories. And factories take time to be built. In the interim all the tariffs do is jack up prices on good with little to no production capacity in the US (which are a lot of goods these days). So you need to set tariffs to go into effect in the future, on a timeline everyone knows, so as to not create unnecessary shocks to the economy. If he did it on autos, sure assuming we have the spare capacity (we might not...). But just a straight line tariff on everything including stuff we cannot hope to manufacture in the US any time soon is just lazy and a recipe for disaster. Especially when you want to go to war with Iran (something even more stupid) which will provide even more inflationary pressures at the same time.

This only makes sense if the plan is to crash the US economy and pull and Argentina style repudiation / markdown of the debt, etc.
 
Colonel Towner-Watkins retired is a wealth of information for behind the scenes details. She has studied Operation Gladio thoroughly so a good one if your interested in covert operations conducted around the world. Here is an example of how the tariffs are affecting the stock market. I'm not well informed on economics at all so its an interesting learning experience.

Full comment:

So you are suppose to believe that Nike had ZERO influence in Vietnam to stop tariffing US goods into Vietnam?
Vietnam tariffs US goods into Vietnam. All the US oligarchs shipped all your jobs over to Vietnam to a protected market. Vietnam won't allow your manufactured goods into Vietnam, but your living wage job at McDonald's, which doesn't allow up to buy Nikes, should continue to be made in sweat shops with slave labor by ppl who live in shacks so the oligarchs can continue to get richer.

Brian is retarded. Don't be a Brian.


 
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