#Tag · bonfire.cafe

"Trump's 50% #tariff on #India kicks in as Modi urges self-reliance."
#CNBC
#SquawkBox
#Republicans
#tariffs
#inflation
#recession
https://www.bbc.com/news/articles/c5ykznn158qo

RememberUsAlways

@RememberUsAlways@newsie.social · 3 weeks ago

"Trump's 50% #tariff on #India kicks in as Modi urges self-reliance."
#CNBC
#SquawkBox
#Republicans
#tariffs
#inflation
#recession
https://www.bbc.com/news/articles/c5ykznn158qo

The Japan Times

@thejapantimes@mastodon.social · 2 months ago

U.S. President Donald Trump’s recent flurry of trade deals have given Asian exporters some clarity on tariffs, but missing are key details on how to avoid punitive rates that target China’s supply chains. https://www.japantimes.co.jp/business/2025/07/26/economy/trump-tariffs-china-asia/?utm_medium=Social&utm_source=mastodon #business #economy #china #globaleconomy #asia #tariffs #trade #us #donaldtrump

jackcole

@jackcole@mstdn.social replied · 2 months ago

@thejapantimes #Trump #Tariff strategy doesn't exist. He doesn't live up to agreements, e.g. with Mexico. He claims all sorts of agreements with other countries who quickly dispute them. He continuously sets and changes deadlines. The entire point of this exercise is gratification that he can make the world dance when he pulls the tariff lever. It produces the chaos he loves. This will go on for as long as he is president. think Lucy, Charlie Brown, football.

Cory Doctorow boosted

Nonilex

@Nonilex@masto.ai · 2 months ago

Ouch. #Trump #tariffs take a $1 billion bite out of #GM earnings

#GeneralMotors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging #tariff policies, which it said sapped $1.1 billion from the results.

#economy #inflation #recession
https://www.reuters.com/business/autos-transportation/trump-tariffs-take-1-billion-bite-out-gm-earnings-2025-07-22/

Nonilex

@Nonilex@masto.ai · 2 months ago

Ouch. #Trump #tariffs take a $1 billion bite out of #GM earnings

#GeneralMotors' second-quarter core profit fell 32% to $3 billion on Tuesday, as the automaker continued to confront challenging #tariff policies, which it said sapped $1.1 billion from the results.

#economy #inflation #recession
https://www.reuters.com/business/autos-transportation/trump-tariffs-take-1-billion-bite-out-gm-earnings-2025-07-22/

Alex Akselrod and 1 other boosted

Peter Schaar (en)

@PeterSchaar@eupolicy.social · 2 months ago

Apparently, the US-EU #tariff dispute also concerns whether #US technology companies must comply with European law. The #EU must remain firm on this issue #AI #DSA #DA #GDPR

Peter Schaar (en)

@PeterSchaar@eupolicy.social · 2 months ago

Apparently, the US-EU #tariff dispute also concerns whether #US technology companies must comply with European law. The #EU must remain firm on this issue #AI #DSA #DA #GDPR

David D. Levine

@daviddlevine@wandering.shop · 3 months ago

I just had to pay a $224.30 #tariff on a package from the UK. I paid that. Not China. Who does this benefit?

Nonilex

@Nonilex@masto.ai · 7 months ago

#Trump’s #tariffs target countries that are major suppliers of a wide range of goods to the #UnitedStates.

For American families, the likely result is higher #prices nearly everywhere they turn — in grocery aisles, at car dealerships, at electronics stores & at the pump.

#economy #prices #consumers #PersonalFinance #TrumpTariffs #idiocracy #USpol #law #Canada #Mexico #China
https://www.nytimes.com/article/trump-tariffs-prices-consumers.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=B62F2EB0-707F-4418-8A92-3ADDA21FC8D0

Nonilex

@Nonilex@masto.ai replied · 7 months ago

… #trading data & economic studies suggest #consumers in the #US will see higher #prices on a products from vegetables & meat to cellphones & cars. While a few companies may not pass on the cost of the #tariff, many are likely to raise prices on their products.
“Because of the combination of these 3 countries, it’s going to be difficult to go down an aisle of a grocery store & not see some sort of inflationary effect,” said Jason Miller, a prof of #SupplyChain management at Michigan State.
#Trump