#Trump imposed the #tariffs in an EO that cited the International Economic Emergency Powers Act, a Cold War-era #law that has most often been used to impose #sanctions on rogue states & human rights violators. His admin claimed that unchecked #DrugTrafficking from #Canada constituted a dire threat to #NationalSecurity & used it as justification to unilaterally impose 25% tariffs on America’s closest trading partner.
[IOW — BS]
Stay away from US stocks *buys some Ubisoft*
The resolution targets the #EmergencyPowers #Trump invoked in Feb to impose sweeping #tariffs on #Canada, a move that has rattled #markets & drawn bipartisan criticism from lawmakers concerned about the economic impact on their states & districts.
The #Senate approved a measure to block some of the #tariffs #Trump has imposed on #Canada, w/a handful of #Republicans joining #Democrats to…halt levies set to take effect this week.
The measure is all but certain to stall in the #House, where #GOP leaders moved preemptively to shut down any attempt to end Trump’s tariffs. But Senate passage on a vote of 51 to 48—hours after Trump unveiled sweeping tariffs on >100 trading partners…, sent a signal of #bipartisan opposition to Trump’s #TradeWar.
Westminster patting itself on the back for the 'Special Relationship' when we get the same deal as the Dominican Republic, UAE, Honduras and Egypt.
Do they all have a 'Special Relationship' too?
https://www.europesays.com/1964797/ Trump’s New Tariffs Shake Global Markets, But Russia and North Korea Are Missing—Here’s Why #Conflicts #DonaldTrump #LiberationDay #NorthKorea #Russia #tariffs
https://www.europesays.com/1964793/ Trump Tariffs Hit Antarctic Islands Inhabited by Zero Humans and Many Penguins #Antarctica #DonaldTrump #News #policy #Politics #StockMarket #stocks #tariffs #world #WorldNews #WorldTopics
#Senate Votes to Rescind Some #Trump #Tariffs, With #GOP Support
A measure to cancel some tariffs on #Canada is all but certain to stall in the #House. But with a handful of #Republicans in favor, the vote sent a signal of opposition to the levies.
#USpol #economy #inflation #recession #Trumpcession #allies #geopolitics
https://www.nytimes.com/2025/04/02/us/politics/senate-democrats-canada-tariffs-trump.html?smid=nytcore-ios-share&referringSource=articleShare&sgrp=p&pvid=DFF6D016-B52C-437A-ACB8-D08544D2E59E
But, we won't be doing any of that. We'll be dropping the Tory Tax on Social Media companies, getting tighter on Abortion and allowing American Anti-Abortion protestors to harass Women, whatever it takes to supplicate the UK to the US....
Some dude appears to have reverse engineered the formula Trump is using to determine each country’s tariffs:
> trade_deficit_of_country_X / imports_from_country_X
The trade deficit of a given country is just imports minus exports. Example:
* US Imports from Vietnam: $136.6 bn
* US exports to Vietnam: $13.1 bn
* US trade deficit w/Vietnam: $136.6 - $13.1 = $123.5 bn
* $123.5 / $136.6 = 90% tariffs
This is one of the dumbest things I’ve ever seen, except for the fact that Taiwan's existence is acknowledged as a real country.
https://x.com/orthonormalist/status/1907545265818751037
What will Trump’s tariffs mean for Latvia? Latvian President Rinkēvičs responds https://www.byteseu.com/888443/ #DonaldTrump #EdgarsRinkēvičs #Europe #EvikaSilina #Featured #Latvia #president #tariffs #U.S.Tariffs #USTariffs
Trump is putting tariffs on uninhabited sub-Antarctic islands and basing the tariff percentages on numbers they are pulling from their ass....but Westminster is 'excited' to strike a deal with the Mad King sometime soon?!
Do we get a vote on it at least? Will we be allowed to see the deal before our MPs vote?
