TJ1001<p>Just in case you thought trump and his administration weren’t taking the total collapse of global commerce seriously…
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#tradewar
44 posts29 participants1 post today
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We don't need your trade war
5...6...7...8
We don't want your fascist state
By restricting new investments in the US, China demonstrates its resolve. There will be no more unchecked capital flows to feed American arrogance. It’s a calculated counterpunch in the trade war, exposing the fragility of Trump’s bluster. While existing deals remain untouched, the message is clear: China will not bankroll its own containment. The era of Western financial dominance is crumbling, and with it, America’s leverage.
@chris@mstdn.chrisalemany.caAll three of the other catastrophic sell offs of the Dow Jones were due to factors brought on by much broader and deeper economic forces over longer periods of time.
This week's collapse is an intentional act. A self inflicted bludgeoning of the American economy.
Why the __ are Americans not rioting in the streets tonight and demanding this President and his administration resign?
#usa #TheAmericanFascist #tradewar #trumptariffs
https://bird.makeup/users/mattmfm/statuses/1908249406605799498
bird.makeupMatt McDermottIt appears this is the fourth worst back to back day for the DJIA in American history with a two day combined -8.65% loss, only trailing the 1929 crash, 1987 Black Monday, and the 2008 financial crisis.
A deal to spin off the U.S. assets of TikTok was put on hold after China indicated it would not approve the deal following U.S. President Donald Trump's tariffs announcement this week. https://www.japantimes.co.jp/business/2025/04/05/tech/tiktok-us-china-deal-tariffs/?utm_medium=Social&utm_source=mastodon #business #tech #tiktok #us #china #socialmedia #donaldtrump #tariffs #trade #tradewar
The Japan Times · TikTok deal put on hold after China indicated it would reject it over tariffs
As stock market continues plummeting over tariffs, Trump spends the day at his golf course
“THIS IS A GREAT TIME TO GET RICH.” – President Donald Trump
Sentinel Colorado · As stock market continues plummeting over tariffs, Trump spends the day at his golf course
Trump’s 34% tariff gambit against China is the latest convulsion of a capitalist system in decay. For four decades, neoliberal orthodoxy gutted the US industrial base, outsourcing production to low-wage markets to maximize shareholder profits. The result is a financialized economy where Wall Street thrives while the real economy lies in ruins. Tariffs, sold as economic populism, are a naive attempt to reindustrialize the economy. 
@chris@mstdn.chrisalemany.caEdit: They all closed *at their lowest lows* Brutal
Dow: -5.50% (-2231)
NASDAQ: -5.82%
S&P: -5.97%
The Dow is currently down in a "rout” of 2000 points, 5.03%… and it's not the worst performing of the markets.
NASDAQ -5.67%
SP500 -5.82%
#TheAmericanFascist is burning your RRSP and 401k because that's what he wants to do.
#canPoli #CdnPoli #USA #TrumpTariffs #TradeWar #NewWorldOrder
GIF
@Lazarou@mastodon.socialA 'New era' that you weren't prepared for and for which you have no plan other than 'keep our heads down and hope the Mad King isn't mean to us"
The Guardian · Downing Street says Trump’s tariffs signal ‘new era’ in global economics
#Trump has blown up a half century’s worth of globalization.
THE TRUTH ABOUT DONALD TRUMP’S “LIBERATION DAY”
Trump’s one-man #TradeWar was already hurting the #economy. His expansive new #tariffs will make things worse.
#ETTTTS #inflation #recession #RevengePolitics #PerceivedEnemies #geopolitics #USpol
https://www.newyorker.com/news/the-financial-page/the-truth-about-donald-trumps-liberation-day
The New Yorker · The Truth About Donald Trump’s “Liberation Day”
"China announced additional tariffs of 34% on U.S. goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global stock market rout.
"In the standoff between the world's top two economies, Beijing also announced controls on exports of some rare earths, while Trump doubled down as well, vowing not to change course.
"Investment bank JP Morgan said it now sees a 60% chance of the global economy entering recession by year end...
"With European shares also tumbling to the biggest weekly losses in years... French President Emmanuel Macron led the charge on Thursday by calling on companies to freeze investment in the U.S.
"China is retaliating for Trump's 54% tariffs on imports from the world's No. 2 economy. The European Union faces a 20% duty."
https://www.reuters.com/markets/europe/europe-prepares-response-trump-tariffs-global-markets-plunge-2025-04-04/
China is coming out swangin'!
- 34% blanket tariff in retaliation with no exemptions
- Blocking rare earth exports critical to the US military
- Banning 11 US companies from China who sold military equipment to Taiwan
- Blocking US medical tech from China to break the US hold on that industry
- Blocking the US' top 5 chicken sellers from selling in China
- Investigating DuPont's China operations for corruption violations
https://www.nytimes.com/2025/04/04/business/china-trump-tariffs-retaliation.html
Trump says things are 'going very well' after worst stock market drop in years over tariffs
“The markets are going to boom, the stock is going to boom, the country is going to boom.”
Sentinel Colorado · Trump says things are ‘going very well’ after worst stock market drop in years over tariffs
The trade war is just beginning. China says it will impose 34% retaliatory tariff on all goods imported from the U.S.
CNBC reports: https://flip.it/ANp9ct
CNBCChina to impose 34% retaliatory tariff on all goods imported from the U.S.Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's administration earlier this week.
@chris@mstdn.chrisalemany.caActual Question: When was the next worst day on the stock market when #TheAmericanFascist was *not* President?
"The broad market index dropped 4.84% and settled at 5,396.52, posting its worst day since June 2020.”
Asking for a friend.
#TradeWar #TrumpTariffs #Trumpcession #StockMarket #DowJones
https://www.cnbc.com/2025/04/02/stock-market-today-live-updates-trump-tariffs.html
CNBCDow drops 1,400 points, S&P 500 loses 4% as stock market rout on Trump's tariffs worsens: Live updatesWednesday saw further volatility roil markets as tensions ran high ahead of Trump's announcement, but stocks ultimately ended the session in the green.
This is what a Montreal to Denver flight on an Airbus A220 looked like when I flew home this morning.
Been a long time since I've been on a flight this empty. I guess when you keep shitting on your neighbor's lawn, they stop visiting.
Going to take a generation or more to fix this damage we're inflicting on ourselves.
@chris@mstdn.chrisalemany.caJust to get an idea of the scale of the disaster this *one* LNG terminal represents:
If built to capacity, this facility will export up to 28 Million Tonnes of LNG per year.
It is expected to produce 0.15 tonnes of CO2 per tonne of LNG. (source: https://en.wikipedia.org/wiki/LNG_Canada)
That's 4.2 Million tonnes of CO2 per year.
BC's total emissions in 2022 were 65.5 million tonnes.
So this one facility will increase by 6% the total CO2 emissions of the province. Meanwhile, that doesn't count the CO2 of the exported LNG itself when it is used.
I guess the rest of us just have to work harder at reducing emissions so the poor LNG company (Shell et al) can have their profits!
#TheAmericanFascist #Climate #ClimateChange #EndFossilFuels #TradeWar #TrumpTariffs
en.wikipedia.orgLNG Canada - Wikipedia
@chris@mstdn.chrisalemany.caGood people, including many Indigenous people, tried to stop this environmental, climate, disaster from happening.
They failed.
It has been proven in multiple studies that the use of Natural Gas today generally displaces renewables and nuclear, particularly in China and other Asian countries. This will likely be true in Europe as well.
I don't know if #TheAmericanFascist's trade war will make LNG more or less viable, but I know that billions of dollars invested in this disaster could have gone to renewables in BC and given us more leverage in the energy and water war that is coming.
We will regret building this monstrosity.
#Climate #ClimateChange #EndFossilFuels #TradeWar #TrumpTariffs
Quesnel Cariboo Observer · 'Milestone': First LNG carrier arrives in B.C. for crucial Kitimat testing