#Trump #Tariffs : “104% US duties on some #China imports start at midnight, Wall Street falls at close

Trump says tariffs on pharmaceuticals are next” #TrumpTax

- https://www.reuters.com/world/us/donald-trump/china-rejects-us-blackmail-markets-steadier-2025-04-08/

🧵via Chris Murphy, in part:

Those trying to understand the tariffs as economic policy are dangerously naive.

No, the #tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition #Trump for relief. #TrumpTax

1/…

Via Angry Staffer:

I was thinking that none of those numbers made sense, but holy fuck this is insane

#TrumpTax #tariffs

Consumer confidence plummets to lowest level since January 2021

#Trumpnomics #TrumpTax

https://thereport.be/article/?app=breaking&u=https%3A%2F%2Fwww.cnn.com%2F2025%2F03%2F25%2Feconomy%2Fus-consumer-confidence-march-recession%2Findex.html%3FProfile%3Dcnnbrk%26Date%3D20250325

“The #EuropeanUnion, hit for the first time by higher US #tariffs since #Trump returned to the White House, retaliated within hours with countermeasures on US goods exports.” #TrumpTax

https://www.cnn.com/2025/03/12/economy/trump-steel-aluminum-tariffs-hnk-intl?cid=ios_app

Keep 'em coming

Via NYT:

President Claudia Sheinbaum of #Mexico made major concessions — and delivered results — to avert #Trump’s 25% #tariffs. He imposed them anyway. Now she says Mexico will go ahead with countermeasures, including retaliatory taxes, to be announced on Sunday.

#TrumpTax

#TrumpTax

Via Lawrence O'Donnell:

Fun fact about #Trump #tariffs you won’t see in 99% of the reporting:

Trump tariffs are illegal.

Congress controls tariffs just like tax rates.

President can change a tariff only for national security emergency, meaning war.

#ClusterFox #TrumpTax

Via Acyn:

Fox now displaying a ticker showing the stock market tanking while #Trump is talking about #tariffs

Trump says that 25% tariffs on Mexican and Canadian imports are starting Tuesday, sparking new fears of a North American trade war

I need a cigarette and I don’t even smoke. ❤️🇨🇦#Canada #tariffs #TrumpTax #Tesla

Via Acyn:

Freeland: Our retaliation is going to be a lot more surgical than that. We are going to go after American stakeholders who matter to The White House. I have proposed a 100% tariff on all Teslas. I am calling on all the countries that are affected by this tariff to join us

#TrumpTax

Via Kyle Griffin:

The Tax Foundation estimates that the #Trump #tariffs could effectively be a tax of $830 a year on the average U.S. household.

"People"? What people? The ones who can afford anything they want? #TrumpTax #tariffs

Via Rupar:

REPORTER: You promised to reduce costs, and so many of the products that would be tariffed, the outgoing country is not paying the tariff, the buyers in the US pay that and it's passed on to consumers

#TRUMP: There could be some temporary short-term disruption, and people will understand that

#ProLifeMyAss

More on #TrumpTax #tariffs

Via Rupar:

#Trump says "all forms of medicine and pharmaceuticals" are going to be tariffed