toad.social is one of the many independent Mastodon servers you can use to participate in the fediverse.
Mastodon server operated by David Troy, a tech pioneer and investigative journalist addressing threats to democracy. Thoughtful participation and discussion welcome.

Administered by:

Server stats:

387
active users

#tradewar

273 posts169 participants31 posts today

...and then, a triggered #MAGA incel, unwanted unf*cked, entered the chat with a straight face and in all seriousness said that the reason that tariffs were placed on those islands was because there are underground facilities producing something they don't know what from those islands...

By restricting new investments in the US, China demonstrates its resolve. There will be no more unchecked capital flows to feed American arrogance. It’s a calculated counterpunch in the trade war, exposing the fragility of Trump’s bluster. While existing deals remain untouched, the message is clear: China will not bankroll its own containment. The era of Western financial dominance is crumbling, and with it, America’s leverage.

bloomberg.com/news/articles/20

#us#china#tradewar
Continued thread

The CGTN video displays images of car factories & humanoid robots dancing in burned-out streets.

"You taxed each truck, you taxed each tire. Midwest burnin' in your dumpster fire," the automated voice sings.

Economists say #consumers are likely to see higher #prices due to the #TradeWar & that the #US #economy could enter a #recession, while some US #trade partners are putting their own levies on American products - effects that #Trump has called a "disturbance". [he’s the disturbance]

Like the apparent majority of Canadians, I’m willing to pay more to support Canadian businesses in this trade war, but I swear to god if we start seeing profiteering from the grocery chains like we did during the peak of the pandemic there better be a goddamn revolution!

“Would you pay more to ‘Buy Canadian?’ Majority says yes”

#TradeWar #ElbowsUp #CDNElxn2025 #CDNPoli #GreedFlation

globalnews.ca/news/11029492/bu

Global News · Would you pay more to ‘Buy Canadian?’ Majority says yesBy Sean Previl

That's what you get when you put a total stooge as the leader of the (soon to be former) most powerful country in the world.

"Not long after President Donald Trump’s inauguration, the administration’s economic staff went to work on a daunting task: determining tariff rates for dozens of countries to fulfill the president’s campaign pledge of imposing “reciprocal” trade barriers.

After weeks of work, aides from several government agencies produced a menu of options meant to account for a wide range of trading practices, according to three people familiar with the matter.

Instead, Trump personally selected a formula that was based on two simple variables — the trade deficit with each country and the total value of its U.S. exports, said two of the people, who spoke on the condition of anonymity to recount internal talks. While precisely who proposed that option remains unclear, it bears some striking similarities to a methodology published during Trump’s first administration by Peter Navarro, now the president’s hard-charging economic adviser. After its debut in the Rose Garden on Wednesday, the crude math drew mockery from economists as Trump’s new global trade war prompted a sharp drop in markets."

washingtonpost.com/politics/20

The Washington Post · Inside President Trump’s whirlwind decision to upend global tradeBy Natalie Allison
#USA#Trump#Tariffs

All three of the other catastrophic sell offs of the Dow Jones were due to factors brought on by much broader and deeper economic forces over longer periods of time.

This week's collapse is an intentional act. A self inflicted bludgeoning of the American economy.

Why the __ are Americans not rioting in the streets tonight and demanding this President and his administration resign?

#usa #TheAmericanFascist #tradewar #trumptariffs
bird.makeup/users/mattmfm/stat

bird.makeupMatt McDermottIt appears this is the fourth worst back to back day for the DJIA in American history with a two day combined -8.65% loss, only trailing the 1929 crash, 1987 Black Monday, and the 2008 financial crisis.