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#tariffs

115 posts65 participants2 posts today
Public
AnnaAnthro

Sullivan, a Republican Washington state Senator on radio after hearing trucks rolling thru BC from lower 49 US states may get tariffs imposed on them:

“Canada, you don't want to mess with #Alaska.

“And if you do, we are going to work hard on having our cruise ships bypass your ports, and that will help our economy tremendously.”

#bcpoli #bc #canada #tariffs #Trump #cdnpoli

cbc.ca/news/canada/british-col

CBCDon't 'mess with Alaska,' U.S. senator warns, even as state Republicans affirm friendship with Canada | CBC NewsOn the same day that state-level Republicans in Alaska worked to affirm their close relationship with Canada amid U.S. President Donald Trump's trade war and threats of annexation, an Alaskan senator warned British Columbia's premier that "you don't want to mess with Alaska."
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Flipboard Art & Photo Desk

A Canadian artist has canceled his show, "Since 1957," which was due to open on May 2 in New York, over President Trump's annexation threats. "The United States is no longer a country that Canadians can trust, and I feel it would be unpleasant and wrong to mount a show in the U.S. at this time," Toronto-based Alan Belcher wrote on Facebook. Now, @ArtNews is wondering, is a cultural boycott brewing? This follows Canadian author Louise Penny's cancelation of the U.S. leg of her book tour.

flip.it/G_Tn.6

Artnet News · Canadian Artist Cancels U.S. Show Over Annexation Threats | Artnet NewsCanadian artist Alan Belcher has pulled out of a show at the Buffalo nonprofit Hallwalls over Trump's annexation threats.
#Art#Culture#Tariffs
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Emeritus Prof Christopher May

If tariffs end up harming the importer's economy as much as the exporter's (as many economists argue, by virtue of their impact on inflation & the slowness of likely import substitution activity), then Trump's tariffs look likely to be felt hardest in the mid-West.... which is not going to do his popularity much good (but on the other hand as he will not face election again, he may not care).

Map/chart: U.S. import dependence of Canada & Mexico. Shows overall dependence at 28%, with many states below 20% but Montana at 93% & North Dakota at 71% in the North & Texas at 49% in the South full data at: https://www.visualcapitalist.com/mapped-which-u-s-states-import-the-most-from-canada-and-mexico/
#economics#tariffs
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William Lindsey :toad:

"Where do Elon Musk’s business interests end and Donald Trump’s political interests begin? Trick question—they’re one and the same. ...

Trump reading off a literal list of Tesla retail prices is the purest distillation yet of a dynamic that won’t end well."

~ Brian Barrett

#Musk #Trump #Putin #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts #Tesla
/10

wired.com/story/elon-musk-dona

WIRED · The United States of Elon Musk Inc.By Brian Barrett
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William Lindsey :toad:

"His top economic officials have embraced 'liquidationism,' the view that the economy needs to go through a period of suffering (“detox”) to compensate for previous excesses. Shades of Herbert Hoover! ...

Trump won the election because a number of people believed, wrongly, that he would do great things for the economy. It has taken him less than two months to squander all that undeserved trust."

#Musk #Trump #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/8

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William Lindsey :toad:

"Once Trump actually took office, he quickly revealed who he was, and always has been. Investors and CEOs had somehow managed to convince themselves that Trump wouldn’t follow through on his threats of trade war. In fact, he’s imposed tariffs higher than anything he suggested during the campaign — then un-imposed, re-imposed, and re-un-imposed them. His erratic behavior may be doing as much damage as the tariffs themselves."

~ Paul Krugman

#Trump #tariffs #economy
/7

paulkrugman.substack.com/p/eve

Paul Krugman · Everybody Hates ElonBy Paul Krugman
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William Lindsey :toad:

"Kai Ryssdal of the radio show Marketplace posted: 'I'm honestly running out of words I can use on the air to describe what's happening in and to this economy.' ...

It is an astonishing thing to watch a single man hamstring the United States economy. It is also astonishing to watch Republican senators try to convince the American people that a falling stock market and contracting economy is a good thing."

#Musk #Trump #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/6

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William Lindsey :toad:

"A market correction is a period of rapid change that drops the value of stocks by at least 10%.

Other major indexes have also fallen into correction as President Donald Trump’s tariffs and tariff threats, along with dramatic cuts to federal funding and federal employment, are hobbling the national economy. The Dow Jones Industrial Average fell 537 points, or 1.3%, and the Nasdaq Composite fell 2%."

#Musk #Trump #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/5

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William Lindsey :toad:

"Stocks fell again today.

The S&P 500, which tracks the stock performance of 500 of the biggest companies that are listed on U.S. stock exchanges and is the world’s most widely followed stock market benchmark, dropped 77.78 points, or 1.39%, ending the day more than 10% off its record high of less than a month ago and entering into 'correction' territory."

~ Heather Cox Richardson

#Musk #Trump #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/4

heathercoxrichardson.substack.

Letters from an American · March 13, 2025By Heather Cox Richardson
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William Lindsey :toad:

"The S&P 500, a key US stock market index, closed in correction territory on Thursday as the volatility of Donald Trump’s trade wars rattled investors.

The index closed more than 10% down from its 19 February peak as Wall Street approaches the end of a second week of pressure."

~ Lauren Aratani

#Musk #Trump #destruction #FederalGovernment #firings #workers #tariffs #StockMarket #economy #billionaires #EconomicElites #TaxCuts
/1

theguardian.com/business/2025/

The Guardian · S&P 500 falls more than 10% below recent high as markets rattled by TrumpBy Lauren Aratani
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