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RIP Detroit
RIP Detroit
Never going to make the 30 days tbh.
tariffs on generic drugs 100% starting in 2028, going to 200% in 2029
https://www.politico.com/news/2026/0...-2028-01007137
“This is done in order to RESHORE Generic Pharmaceutical Production into America, with a penalty to those Companies that decide not to build Plant and Equipment within the stated period of time given to them.”
A White House official said in an email that the administration intends to use Section 232 of the Trade Expansion Act of 1962, which is used to address national security concerns stemming from a reliance on imports, to impose the levies.
Honestly, it's beyond any words I can come up with
Canadian taco
Donald Trump, human rights champion, imposes a new round of global tariffs on US importers
Taxing US companies to punish the rest of the world
President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court.[https://www.pbs.org/newshour/politic...-expire-fridayThe United States will slap taxes of 10% to 12.5% on imports from 60 countries accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods produced by forced labor.
"The United States has had a forced labor import ban for nearly a century, and rigorously enforces it; it's well past time for our trading partners to do the same," said U.S. Trade Representative Jamieson Greer. "Today's action will begin to correct what is both a human rights abuse and distortive trade practice to improve the welfare of workers everywhere.
isn't punishing forced labor woke or something?
President Trump says he’ll put tariffs on Mexico “because of the lettuce” and on Canada “because of the smoke.”
primary policy objective, not achieved
https://www.cnbc.com/2026/07/30/us-e...t3percent.htmlU.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
...
Gross domestic product, a broad measure of goods and services, increased just 1.5% for the April-through June period, according to Bureau of Economic Analysis numbers adjusted for seasonality and inflation.
Economists surveyed by Dow Jones had been looking for a growth rate of 1.8%, following the 2.1% increase in the first quarter.
A separate report showed that the personal consumption expenditures price index, which is the Federal Reserve’s primary forecasting gauge, fell a seasonally adjusted 0.1% for the month, putting the annual inflation rate at 3.7%. The readings were in line with forecasts.
Excluding food and energy, core PCE posted a monthly increase of 0.1% and an annual level of 3.3%, against respective forecasts for 0.2% and 3.3%.
...
Trump's mercurial approach to tariffs creates uncertainty, and that uncertainty makes it harder for businesses to plan for the future
https://www.economist.com/united-sta...-just-wont-die“.. The costs of tariffs are also becoming clearer. Uncertainty is weighing on investment: half of business leaders surveyed by KPMG .. report low confidence in carrying out their investment plans."
what's it called when economic growth goes down and prices go up at the same time?
The White House plan to attract manufacturing businesses with a volatile regulatory environment, new arbitrary taxes (subject to change on a whim), and sending secret police to harass foreign workers has not led to more factory construction in the US.
Why didn’t that work? I was told it would work.
But tsa posted a tweet saying it would work. Why have these guys all disappeared?
WASHINGTON (AP) - 25 states sue over Trump's latest tariffs, calling them pretext for replacing levies Supreme Court struck down.
https://www.cnbc.com/2026/08/05/trum...a-lawsuit.htmlTrump admin refunds $100 billion in ‘liberation day’ tariffs
The Trump administration said it has refunded about $100 billion of the tariff revenue that was collected before President Donald Trump’s “liberation day” duties were struck down by the Supreme Court.
The figure, reported Tuesday in a filing in the U.S. Court of International Trade, represents about 60% of the roughly $166 billion the government says it raked in from the sweeping tariffs Trump imposed in 2025 using the International Emergency Economic Powers Act, or IEEPA.
Those tariffs were scrapped in late February after the high court ruled IEEPA did not authorize them. About two weeks later, federal Judge Richard Eaton ordered that tariffs collected under IEEPA must be refunded to the importers.
Trump, who placed heavy-handed tariffs at the center of his economic and foreign policy agendas, has vented his rage over the court rulings, and his administration has recently taken a series of steps to effectively re-create the IEEPA tariff regime using other legal authorities.
...
Moron in chief
https://www.bbc.com/news/articles/cdrv0k0j662oUS beef prices have soared but farmers aren't making more money
...
Due to the national shortage of cattle, Gropper is getting record prices for his. But unfortunately his costs have equally climbed to new highs.
A new pick-up truck that once cost $40,000 now runs to $100,000. A wooden fence post has gone from about $6 to as much as $19. A quarter-mile roll of barbed wire has doubled, from $60 to $130. Everything he uses day to day, he says, has jumped in price since the Covid pandemic.
And with little grass on parched fields – well over 60% of US cattle are now grazing on drought-hit land - farms like his are having to buy in hay, silage and other fodder for their cattle.
"I'm able to pay my bills, but my input costs are so drastically high that if we didn't have these record prices we'd all be broke. I sit down to do my taxes, and it feels like I made a lot of money. But in the end I really didn't make any more."
...
The rancher is selling calves for record sums, but is not better off because he has higher costs. The feedlot company is selling for all-time high prices, but it also has to pay them in the first place.
Then the packers are losing money because there is a limit to what they can charge. Restaurants and supermarkets also can only increase prices by so much.
Everyone is turning over more money than they used to, but not keeping any of the extra. It's a situation that won't change until significantly more US cattle come to market.
Yet as Eric Gropper puts it, you can't conjure a cow overnight. Instead a heifer, a young female cow, needs two years before she is able to produce a calf. And that calf needs another year to reach slaughter weight, so the extra beef takes three years to arrive.
tariffing Canadian aluminum raised US prices a lot
NO HITTING BACK
https://www.cbc.ca/news/politics/gre...iffs-9.7307407Donald Trump's trade envoy says the administration will not accept any form of retaliation from Canada if the U.S. president follows through on his latest tariff threat.
"For us, this is not a trade war. We have domestic supply chains we're trying to protect," U.S. Trade Representative Jamieson Greer told reporters in Des Moines, Iowa, on Friday.
"It's not Canada-specific, we're doing this globally. If a country retaliates against us, we're not going to tolerate that. We'll take action."
Lol "don't call it a trade war"
more pretextual tariffs
brass in the school band is a natsec threat
https://www.piie.com/blogs/realtime-...al-instrumentsAs school districts, parents, and students nationwide prepare for fall, music educators are wrangling with a sour note. On August 6, 2026, the US Commerce Department issued a request for comment this month on a proposal to impose tariffs on imported brass wind instruments such as trombones, trumpets, and tubas as a threat to national security. These instruments were part of a list of derivative products covered by Section 232 of the Trade Expansion Act of 1962, which allows tariffs to protect industries vital to security interest. If implemented, this inclusion would harm music retailers and school music programs while opening the door to considering virtually any imported good as such a threat.
The argument for including brass wind instruments is straightforward: For the United States to build out critical mineral supply chains—both copper and zinc, which together form brass, are on the US critical minerals list—requires a consistent demand signal. Tariffing brass wind instruments would ostensibly create greater incentives to produce instruments domestically. But brass wind instruments account for a trivial share of US copper consumption, which is already soaring due to the artificial intelligence (AI) data center boom and attendant electrical grid expansion. Including brass horns under Section 232 might shift demand toward US producers, but only by a tiny fraction of a percent. Their inclusion or exclusion will not materially alter market fundamentals for copper. The effect on musical instruments and their consumers would be harmful.
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