Global markets reeled Friday after President Donald Trump's tariffs barrage against nearly all U.S. trading partners as governments looked down the barrel of a seven-day deadline before higher duties take effect. https://www.japantimes.co.jp/business/2025/08/02/economy/global-economy-trump-tariffs/?utm_medium=Social&utm_source=mastodon #business #economy #us #globaleconomy #tariffs #trade #donaldtrump
#TARIFFS
The economy and job growth has stalled.
And no amount of trying to say otherwise or trying to discredit the statistics (calling them phoney) changes the fact that Trump and his economic policies are a massive failure.
#MAGA #economy #trump #fail #inflation #unemployment #republicans #gaslighting #incompetence #tariffs
US furniture builder & #SmBiz owner, Michael Howard of Howard Family Designs in #Michigan, explains to #CBC the lumber trade's been so intricately intertwined btwn #Canada & the US for centuries, it's not feasible to find alternate providers to avoid impact of #TrumpTariffs, which as a consequence will increase costs for both US & Canada.
Procter & Gamble (P&G) to raise prices by 25% to offset the projected cost of Trump’s tariffs.
Many everyday products will increase in price, including brands like:
• Pampers
• Luvs
• Charmin
• Bounty
• Tide
• Always
• Gillette
• Dawn
• Crest
https://www.kiplinger.com/personal-finance/shopping/p-and-g-tariff-price-hikes-impact
The war in Ukraine wasn’t ended on the first day, the Epstein files remain unreleased, inflation is up, taxes have gone up (unless you’re filthy rich) and DOGE didn’t save a dime…it cost taxpayers $22.7 billion.
Trump continues to lie about everything from the economy to deals with trading partners to the Epstein files all while treating MAGA supporters like idiots.
#MAGA #trump #economy #DOGE #musk #tariffs #ukraine #taxes #epstein #EpsteinFiles #trade
Senator Richard Blumenthal (D-CT) said* that Trump is in a “world of denial” about how his tariffs will cause the prices for everyday products (“like groceries, toys, baby products”) to go up for those in the US.
Honestly, I think he’s in a state of ‘I don’t really care’ and ‘I’m always right because I’m the smartest and best person ever.’
What are your thoughts? 🤔
#USpol #prices #USeconomy #tariffs #MyThoughts
* (MSNBC)
U.S. sets Aug. 7 as start date for Japan’s 15% ‘reciprocal’ tariff
The United States will impose a 15% “reciprocal” tariff on most Japanese goods effective Aug. 7, taking the first step in executing an agreement reached last week afte…
#Japan #JP #JapanNews #carmakers #donaldtrump #JapanTopics #Japaneseeconomy #news #RyoseiAkazawa #scottbessent #ShigeruIshiba #tariffs #trade #u.s. #U.S.-Japanrelations
https://www.alojapan.com/1336440/u-s-sets-aug-7-as-start-date-for-japans-15-reciprocal-tariff/
It's looking like the economy is the perfect position for tariffs to begin rolling while "punishing" even more nations with even more tariffs.. all from an administration rotting ballsdeep in corruption while laying people off and persecuting like madmen. It's August, make sure you buy your christmas toys while you still have a job... #economy #jobs #tariffs #gop #fascists
Switzerland Is Stunned by 39% U.S. Tariff, Among the Highest in the World ⌚🇨🇭🇺🇸
#Wristwatch #Tariffs #USPol #Switzerland #Rolex #Swatch #Hamilton #Omega
https://www.alojapan.com/1336440/u-s-sets-aug-7-as-start-date-for-japans-15-reciprocal-tariff/ U.S. sets Aug. 7 as start date for Japan’s 15% ‘reciprocal’ tariff #carmakers #DonaldTrump #Japan #JapanNews #JapanTopics #JapaneseEconomy #news #RyoseiAkazawa #ScottBessent #ShigeruIshiba #tariffs #trade #u.s. #U.S.JapanRelations The United States will impose a 15% “reciprocal” tariff on most Japanese goods effective Aug. 7, taking the first step in executing an agreement reached last week after months of tense negotiations
#Trump announces #tariffs of 19% for #Thailand and #Cambodia. This is a relief for Thailand, which had been facing a tariff of 36%. That said, tariffs are stupid policy. https://edition.cnn.com/2025/08/01/business/trump-tariffs-countries-list-vis
Tim: you're either going to have to suck his mushroom, or give in to his AI fever dreams.
Apple anticipates $1.1B price tag from tariffs next quarter
https://thehill.com/newsletters/technology/5433090-apple-faces-steep-tariffs/
Major cryptocurrencies face a downturn as President Trump's tariff adjustments impact the market, according to Tanaya Macheel, Jordan Smith, Talia Kaplan, and MacKenzie Sigalos on CNBC Crypto World. Coinbase unveils an "everything exchange" to tokenize various financial assets, while discussions highlight Wall Street's growing interest in blockchain technology. Discover more insights and implications in the full article: https://www.cnbc.com/video/2025/08/01/bitcoin-ether-fall-as-president-trump-modifies-tariffs-and-jobs-data-disappoints-cnbc-crypto-world.html #CryptoWorld #Bitcoin #Ethereum #Coinbase #Blockchain #Tariffs #WallStreet Kudos to the authors for the intriguing discussion!
Stock Market Posts Worst Week in Months on Renewed Economic Fears - The New York Times
https://www.nytimes.com/2025/08/01/business/economy/trump-tariffs-stock-markets-trade-dollar.html
Welcome to the Trump rollercoaster...
Good evening. It's 10PM, Friday, 1st August. The headlines: Worldwide shares slump after President #Trump raises #tariffs on more than 90 nations, impacting global markets. A US envoy is in #Gaza amidst scrutiny over child shootings and significant aid site casualties. The BBC probes these events. Heathrow's planned expansion could reach £49bn, with numerous individuals missing out on car finance redress. #BBC #News
Dozens of countries scramble to cope with latest wave of Trump trade tariffs https://www.theguardian.com/business/2025/aug/01/dozens-of-countries-scramble-to-cope-with-latest-wave-of-trump-trade-tariffs #Internationaltrade #Globaleconomy #Marketturmoil #Trumptariffs #DonaldTrump #Economics #Worldnews #Business #Tariffs #USnews
Stocks slump on latest tariffs, soft jobs data
Stocks briefly extended declines after Trump said he ordered the commissioner of the U.S. Bureau of Labor Statistics, Erika L. McEntarfer, to be fired in the wake of the jobs data...She had one job...to make Trump look great no matter what....🙄
#jobs #Stocks #tariffs
https://www.reuters.com/business/stocks-slump-latest-tariffs-soft-jobs-data-2025-08-01/
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