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#ustariffs
As someone who studied economics, this moment of #USTariffs is making my blood boil. It’s beyond stupid at every corner and will punish everyone for decades.
And to top it off their calculations for country tariffs are trade deficit / total US imports, instead of any actual analysis on country tariffs, VATs, protectionary policies, or if what the US imports from a particular country warrants a tariff.
"Sales of new Tesla vehicles are down 72% in Australia & 76% in Germany.
"The share price has dropped by more than 50% since December 2024, with calls for Musk to step down as chief executive.
"Trump has responded angrily to consumer boycotts, calling the actions against Tesla 'illegal'."
https://www.juancole.com/2025/03/protests-consumer-boycotts.html
#musk #trump #uspol #tesla #teslashareprice #BDS #ustariffs .
"Sales of new Tesla vehicles are down 72% in Australia & 76% in Germany.
"The share price has dropped by more than 50% since December 2024, with calls for Musk to step down as chief executive.
"Trump has responded angrily to consumer boycotts, calling the actions against Tesla 'illegal'."
https://www.juancole.com/2025/03/protests-consumer-boycotts.html
#musk #trump #uspol #tesla #teslashareprice #BDS #ustariffs .
Analysis: Collective outrage is fueling a global boycott of Tesla due to Musk's role in the Trump administration.
"Sales of new Tesla vehicles are down 72% in Australia & 76% in Germany.
"The share price has dropped by more than 50% since December 2024, with calls for Musk to step down as chief executive.
"Trump has responded angrily to consumer boycotts, calling the actions against Tesla 'illegal'."
https://www.juancole.com/2025/03/protests-consumer-boycotts.html
#musk #trump #uspol #tesla #teslashareprice #BDS #ustariffs .
Analysis: Collective outrage is fueling a global boycott of Tesla due to Musk's role in the Trump administration.
"Sales of new Tesla vehicles are down 72% in Australia & 76% in Germany.
"The share price has dropped by more than 50% since December 2024, with calls for Musk to step down as chief executive.
"Trump has responded angrily to consumer boycotts, calling the actions against Tesla 'illegal'."
https://www.juancole.com/2025/03/protests-consumer-boycotts.html
#musk #trump #uspol #tesla #teslashareprice #BDS #ustariffs .
Stellantis suspends Jeep production in Canada amid rising US tariff concerns, prompting union worries and government intervention
#YonhapInfomax #Stellantis #JeepProduction #CanadaFactory #USTariffs #AutoIndustry #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=51619
Abolish Presidents Day. What a ridiculous 'holiday'. Worshipping any politician is gross.
A new report from the #Canadian Chamber of Commerce has ranked 41 census metropolitan areas on their vulnerability to U.S. tariffs– and #Abbotsford - Mission trumps the rest of B.C. at 15th place in the country.
According to the Chamber, 330 exporters trade from Abbotsford to the United States, and 90.7 per cent of the border city’s total goods are typically bound for its southern neighbour.
As Trump’s trade war looms, EU leaders prepare to retaliate https://www.euractiv.com/section/politics/news/with-trumps-trade-war-threats-eu-leaders-prepare-to-retaliate/?utm_source=dlvr.it&utm_medium=mastodon #DonaldTrump #tradewar #UStariffs
SPOT ON!!! You really to have to understand political economy, monetary economics, and economic history to tackle the current historical macro-scenario -
"The next question is whether the protectionist policies espoused by Mr. Trump can save the people who are asking for his help. Unfortunately, the trade wars of the 1930s suggest the answer is probably “No.”
In the 1930s, the global economy was thrown into turmoil by the sharp increases in US import duties implemented in 1930 under the Smoot-Hawley Tariff Act and the retaliatory tariffs by other nations that followed. The value of global trade plunged 66% from the peak, and economies around the world suffered heavily.
The resulting economic turmoil eventually led to World War II. The US, which got through the greatest tragedy in human history by mobilizing its military capabilities, decided the world must never repeat this mistake. To that end, it introduced the system of free trade symbolized by the 1947 GATT (General Agreement on Tariffs and Trade).
This US-led free trade system produced unprecedented prosperity for humanity, but cracks began to appear when the nature of the currency market changed after the developed nations began liberalizing capital flows in 1980.
Today, just as in the 1930s, free trade is facing a potential crisis in the form of a sharp increase in US tariffs. If the authorities seriously wish to avoid this outcome, I think the nations of the world must come together and carry out an exchange rate adjustment similar to the Plaza Accord." 
#USA #Trump #Protectionism #FreeTrade #USTariffs #TradeWar #PoliticalEconomy #MonetaryPolicy #EconomicHistory
https://www.ineteconomics.org/perspectives/blog/trump-tariffs-and-exchange-rates-the-message-of-elections-in-the-us-and-japan