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Nonilex<p>Acc/to Olu Sonola, an economist at Fitch Ratings, the average <a href="https://masto.ai/tags/US" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>US</span></a> <a href="https://masto.ai/tags/tariff" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariff</span></a> rate on all imports will be ~22%, a rate last seen around 1910 [you, know what led up to the <a href="https://masto.ai/tags/GreatDepression" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GreatDepression</span></a>]. “This is a game changer, not only for the US economy but for the global <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a>,” Sonola said in a statement. “Many countries will likely end up in a <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a>.”</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p>…The levies <a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> announced on Wed are separate from the ones he has already imposed on <a href="https://masto.ai/tags/steel" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>steel</span></a>, <a href="https://masto.ai/tags/aluminum" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>aluminum</span></a>, &amp; foreign-made <a href="https://masto.ai/tags/cars" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cars</span></a> &amp; parts. Taken as a whole, his tariffs represent a dramatic expansion from the more narrowly targeted duties he imposed in his first term—some of which the Biden Admin retained—&amp; a final nail in the coffin for the open <a href="https://masto.ai/tags/trading" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trading</span></a> environment that reigned before 2016.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> has blown up a half century’s worth of globalization.</p><p>THE TRUTH ABOUT DONALD TRUMP’S “LIBERATION DAY”</p><p>Trump’s one-man <a href="https://masto.ai/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> was already hurting the <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a>. His expansive new <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> will make things worse.</p><p><a href="https://masto.ai/tags/ETTTTS" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ETTTTS</span></a> <a href="https://masto.ai/tags/inflation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>inflation</span></a> <a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/RevengePolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RevengePolitics</span></a> <a href="https://masto.ai/tags/PerceivedEnemies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PerceivedEnemies</span></a> <a href="https://masto.ai/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a> <a href="https://masto.ai/tags/USpol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USpol</span></a> <br><a href="https://www.newyorker.com/news/the-financial-page/the-truth-about-donald-trumps-liberation-day" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">newyorker.com/news/the-financi</span><span class="invisible">al-page/the-truth-about-donald-trumps-liberation-day</span></a></p>
Ramesh #NotGoingBack<p>⬆️ <span class="h-card" translate="no"><a href="https://flipboard.com/@Salon" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>Salon</span></a></span> <span class="h-card" translate="no"><a href="https://flipboard.com/@salon/news-politics-vjnjnsc9z" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>news-politics-Salon</span></a></span> </p><p>&gt;&gt; <a href="https://mastodon.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> nixes security clearances for <a href="https://mastodon.social/tags/Biden" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Biden</span></a>, <a href="https://mastodon.social/tags/Harris" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Harris</span></a>, <a href="https://mastodon.social/tags/Clinton" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Clinton</span></a>, other <a href="https://mastodon.social/tags/enemies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>enemies</span></a>…</p><p>Perceived enemies, Salon, <a href="https://mastodon.social/tags/perceivedEnemies" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>perceivedEnemies</span></a>.</p>