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Michaelrap

14 May 2025 - 02:52 am

How Trump changed his mind on tariffs

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Peter Nicholas, Garrett Haake and Carol E. Lee
Reporting from Washington
mgmarket4 at
“Liberation Day” gave way to Capitulation Day last night.

President Donald Trump pulled back yesterday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.

Image: President Donald Trump
Saul Loeb / AFP - Getty Images
Trump’s early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy. His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony.
mgmarket10 at
The stock market rose immediately after the about-face, ending days of losses that have forced older Americans who’ve been sinking their savings into 401(k)s to rethink their retirement plans.

Read the full story here.

32m ago / 12:55 PM GMT+3
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China's foreign ministry calls the U.S. a '21st century barbarian'

Peter Guo

Reporting from Hong Kong

China's public language on its trade war with the U.S. has become increasingly bellicose and took a new turn today when Beijing's foreign ministry said the Trump administration's tariffs have made the U.S. a “barbarian of the 21st century.”

Trump’s tariffs will “never America great again” ministry of foreign affairs spokesperson Huang Jingrui, wrote in an open letter today in Hong Kong’s newspaper South China Morning Post.
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“A tariff-wielding barbarian who attempts to force countries to call and beg for mercy can never expect that call from China,” Huang said, adding that the U.S. is “obsessed with the art of bullying and blackmailing the entire world.”

47m ago / 12:40 PM GMT+3
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EU welcomes 90-day tariff pause

Peter Guo

The EU President Ursula von der Leyen said today that the region welcomes Trump’s announcement to pause tariffs for 90 days.

Von der Leyen said the EU remains “committed to constructive negotiations” with the U.S., according to a statement from her office.

Meanwhile, Europe continues to focus on diversifying their trade partnerships, engaging with countries that account for 87% of global trade, she said.

Trump’s tariffs have shown that the European internal market is the region’s “anchor of stability and resilience” in times of uncertainty, von der Leyen added.

1h ago / 12:27 PM GMT+3
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Trade war with China 'to spark a wave of smuggling'

Peter Guo

Reporting from Hong Kong
mega1.to
Irregular trade including smuggling will most likely rise amid the U.S.' and China's tit-for-tat tariffs, an economist warns.

The cost of tariffs has become “prohibitive to almost every company,” Tianchen Xu, senior economist at Economist Intelligence Unit.

“As a result, trade flows in both directions will tumble, and irregular trade will proliferate, including smuggling, transshipment and systemic under-reporting of trade value during customs clearance,” Xu said in a note.

Xu said trade negotiations and a partial de-escalation in the ongoing trade war may ensue in the coming months, but those tensions are likely to worsen in the short term between the world’s two largest economies.

1h ago / 12:09 PM GMT+3
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California plant business owner says costs will double with tariffs

Gadi Schwartz and Phil Helsel
The owner of a California home decor and plant shop said that even in dealing locally, the sourcing of goods from China is impossible to avoid.
mgmarket3 at

https://mgmarket-5.at

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14 May 2025 - 02:49 am

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13 May 2025 - 01:53 pm

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13 May 2025 - 12:05 pm

Could sending a friend a thoughtful gift, such as a care package or a heartfelt letter, serve as a silent form of solidarity during these divisive times, sparking meaningful conversations about race and justice?


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Shermanzef

13 May 2025 - 06:29 am

Trump's call for a protest crackdown has been a boon for Chinese propaganda
Analysis by CNN's James Griffiths
Protesters running amok. Innocent citizens under siege. Outside actors engaging in terrorist acts. Police struggling to maintain control and in desperate need of reinforcements.
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That was how Chinese state media portrayed anti-government protests in Hong Kong last year, dismissing calls for greater democracy and an investigation into police brutality by focusing on individual acts of violence and property damage.
kraken зеркало
Throughout the protests, the US was consistent in its support of people’s right to take to the streets and have their voice heard. Facing widespread unrest and public anger at home in the wake of the death of George Floyd, the reaction from US President Donald Trump appeared markedly different.
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On Monday, Trump called for the military to be deployed to “dominate” protesters, and demanded states do more to stem “acts of domestic terror.”
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The irony has not been lost on Beijing, which on Thursday marks (or rather doesn’t, the date is highly censored) its own military crackdown on anti-government protesters on June 4, 1989.
kra9.cc
“Washington’s promise of equality and justice for all in the country has remained hollow at best,” state news agency Xinhua said in a commentary titled “The coming suffocation of the American dream.”

“Amid the ongoing anti-racism protests in the country, decision-makers in Washington, instead of trying to sooth the pain and anger of the public, have been fanning the flames, calling protesters ‘THUGS,’ and threatening them with ‘the most vicious dogs, and most ominous weapons,” the commentary said.
kra7
https://kra18-at.cc
China Daily, a state-backed newspaper, noted that “The US, after the killing of Floyd, seems to be on fire, and troops have been mobilized to subdue angry demonstrators.”

“This is certainly not what the world expects to see in a country that is the world’s sole superpower,” it added. “But that sadly is the reality of the US.”

This rhetoric isn’t just embarrassing for Washington, it’s also a sign of how the US may find its influence damaged by a perceived hypocrisy over human rights at home and abroad.

Earlier today, Hong Kong’s leader Carrie Lam pointed to the unrest in the US as evidence of Washington’s “double standards.”

“They attach great importance to the national security of their country, but look at our national security through tinted spectacles, especially the current situation in Hong Kong,” she added.

The ability of Washington to influence Beijing’s position on Hong Kong – which is in part founded on fear of outside influence in the city – was already severely limited. The Trump administration’s reaction to protests at home may have hurt its position even further.