Steel and aluminum tariffs...

[Winehole23]

Mike Johnson tried to force a rule prohibiting members from passing resolutions against Trump's IEEPA tariffs, it failed last night

Nonzero chance Congress will claw back its own taxation powers from Trump in 2026, maybe even before the midterms

[Blake]

Ironically, it's wealthier people who are paying most of the tariffs and yet liberals hate them.

American consumers and companies paid nearly 90% of the cost of President Donald Trump’s tariffs through late 2025, according to a new report from the Federal Reserve Bank of New York.

The study adds to a growing body of evidence indicating American families pay a price for Trump’s import taxes, despite the president's assertion that the financial burden falls entirely on other countries...

https://www.usatoday.com/story/money...n/88692687007/

Why do you love billionaires doing whatever they want to you?

[velik_m]

Carney constructs a mega anti-Trump trade alliance

...
Ottawa is “championing efforts to build a bridge between the Trans-Pacific Partnership [CPTPP] and the European Union, which would create a new trading bloc of 1.5 billion people,” Carney told world leaders and the global business elite in Davos.

The middle powers are taking action. The EU and CPTPP are starting talks this year to strike an agreement to intertwine the supply chains of members like Canada, Singapore, Mexico, Japan, Vietnam, Malaysia and Australia with Europe.

It would bring nearly 40 nations on opposite sides of the globe closer together with the aim of reaching a deal on so-called rules of origin.

These rules determine the economic nationality of a product. A deal would allow manufacturers throughout the two blocs to trade goods and their parts more seamlessly in a low-tariff process known as ulation.

Earlier this month, Carney dispatched his personal representative to the European Union, John Hannaford, to Singapore to solicit the views of regional leaders on the potential deal.
...

https://www.politico.eu/article/eu-a...ew-trade-pact/

[Winehole23]

laying tariffs on our #1 trading partner and stirring political disunion in it seems to have some disadvantages

[velik_m]

Billionaire Trump Donor Closing U.S. Plant and Moving Work to China

One of President Trump’s oldest donors is closing a manufacturing plant in Ohio and moving it to China, a slap in the face to the American workers he claimed to be fighting for.

Hedge fund billionaire John Paulson plans to offshore the East Lake, Ohio, plant of Conn Selmer, the largest U.S. manufacturer of brass and orchestra instruments.

“We can’t have American producers closing American factories and offshoring. We need to protect American jobs and protect American manufacturing,” Paulson said just last year.
...

https://newrepublic.com/post/206603/...ing-work-china

[Blake]

Trump s fall for the billionaires' failed promises every time.

[Winehole23]

[Winehole23]

up-is-downism is a basic MAGA trope

[Blake]

White House economic advisor Kevin Hassett said Wednesday that the authors of a recent New York Federal Reserve paper that found U.S. companies and consumers are shouldering most of the tariff burden should be "disciplined."

https://www.cnbc.com/2026/02/18/hass...ever-seen.html

Lol what does that even mean? Like a spanking?

[Winehole23]

SCOTUS blocks Trump's IEEPA tariffs 6-3

https://www.supremecourt.gov/opinion...-1287_4gcj.pdf

[Winehole23]

the dissent

[ChumpDumper]

This might actually improve the economy before the midterms if Trump stops murdering US citizens in the street.

[Winehole23]

This might actually improve the economy before the midterms if Trump stops murdering US citizens in the street.

a war with Iran could easily make the economy much worse

[ChumpDumper]

Oh Trump will find a way to fail.

[Winehole23]

Oh Trump will find a way to fail.

SCOTUS threw Trump a life preserver today and he's already making it worse

[CosmicCowboy]

a war with Iran could easily make the economy much worse

No .

Trump thinks he can be the regime change hero on this one.

This is an existential issue for Iran and if they feel threatened they will overreact. How to hurt the US?

They have thousands of missiles and drones some with a 2000 km range. they won't go after the carriers...they will go after every oil refinery and shipping port in the middle east and potentially block the Strait of Hormuz. Oil going to $130 overnight and $6 gas will kick Trump right in the nuts on "affordabiity" and it will be all his fault.

[CosmicCowboy]

a war with Iran could easily make the economy much worse

No .

Trump thinks he can be the regime change hero on this one.

This is an existential issue for Iran and if they feel threatened they will overreact. How to hurt the US?

They have thousands of missiles and drones some with a 2000 km range. they won't go after the carriers...they will go after every oil refinery and shipping port in the middle east and potentially block the Strait of Hormuz. Oil going to $130 overnight and $6 gas will kick Trump right in the nuts on "affordabiity" and it will be all his fault.

[ChumpDumper]

crofl

https://x.com/natashakorecki/status/2024950390005871034

[Winehole23]

yesterday: SCOTUS told Trump his Liberation Day tariffs were illegal taxation and beyond the scope of his office

today: Trump announces a new round of global import taxes

Trump is very determined to lay large new taxes on Americans

[Winehole23]

[Blake]

"Poorly written" he said in the middle of his long winded run on sentence.

[Blake]

... which was poorly written

[Winehole23]

Trump already hiked the Section 122 tariffs from 10% to 15%

[Winehole23]

[velik_m]

India delays Washington trade visit as U.S. tariff policy shifts, source tells CNBC

India’s trade negotiators will reschedule their planned visit to Washington, D.C., aimed at firming up an interim trade deal with the U.S., a person familiar with the development told CNBC.

The development comes after the U.S. Supreme Court struck down U.S. President Donald Trump’s tariffs as illegal on Friday. Within hours, Trump invoked Section 122 of the Trade Act of 1974 to first impose a 10% global import tariff, before increasing that to 15%.

The “meeting will be rescheduled at a mutually convenient date,” the source told CNBC Sunday. India and the U.S. are of the view that the visit “be scheduled after each side has had the time to evaluate the latest developments and their implications.”
...

https://www.cnbc.com/2026/02/22/trum...rade-deal.html