Good analysis by economist Ann Pettifor of the causes and effects of globalisation and what Trump’s tariffs shock will mean for the world.

#Trump #Trade #Tariffs #Globalisation #Economics

https://annpettifor.substack.com/p/the-trump-shock-a-lehmans-moment?publication_id=259111&post_id=160701430&isFreemail=true&r=55ldjt&triedRedirect=true

#EU to impose #counter #tariffs on $28 billion of #US goods

#reciprocal #tariffs #Trump #trade #war

https://www.reuters.com/markets/europe/eu-impose-counter-tariffs-over-28-billion-us-goods-2025-03-12/

Leopards ate my face …. It was bittersweet 

 #conservatives #trump #DonaldTrump #Musk #elonmusk #TrumpIsARussianAsset #gop #republicans #republican #uspol #uspolitics #politics #MAGA #tarrifs #trade #tradewar #trumptariffs

My idea about how #trade agreements should be done by the #EU: All products imported into the EU should adhere to current and *future* EU regulations. EU regulations should enforce #workerrights, #animalrights, #climate change protection, #environmental responsibility, #consumer rights and more.
All who adhere to good practices should be welcome to sell without tariffs.
Now let the EU work on improving regulations that support public values for the planet and all its inhabitants.

Tech mogul #ElonMusk, who has served as a close advisor to President #DonaldTrump, on Saturday broke with the president's decision to impose expansive #tariffs on most foreign nations, saying that he hopes to see a "zero tariff situation"

> "I hope it is agreed that both Europe and the United States should move, ideally, in my view, to a zero #tariff situation, effectively creating a free trade zone between Europe and North America,"
https://www.nbcnews.com/politics/politics-news/elon-musk-zero-tariff-free-trade-zone-europe-rcna199849 #trade #eu #tradewar #policy

Januar Land Rover suspends shipments to US in April over tariffs.

The British maker of Jaguar and Land Rover cars is pausing shipments to the United States as it works to mitigate the impact of a 25% tax on vehicle imports imposed by the Trump Administration.

The UK luxury car manufacturer said it needed to address 'the new trading terms'.

https://mediafaro.org/article/20250405-januar-land-rover-suspends-shipments-to-us-in-april-over-tariffs?mf_channel=mastodon&action=forward

#yemen #usa #israel #palestine : #war / #gaza / #hamas / #houthis / #trade / #deescalation/ #icg

„WHAT SHOULD BE DONE?
The U.S., European countries and regional governments should support efforts to reinstate the ceasefire in Gaza, which had previously helped de-escalate Red Sea tensions by addressing the Houthis’ stated motivation for attacks.“

https://www.crisisgroup.org/visual-explainers/red-sea/

Copied & Pasted

US trade war: EU prepares to retaliate with Big Tech in its sights.

France says a response from the EU to Trump's new 20% tariff will "probably" come at the end of the month. A government spokesperson told RTL that services will be targeted, not just goods, including from companies like Google and Apple.

With Meta, Amazon and Apple stock all down, the EU looks primed to twist the knife.

https://mediafaro.org/article/20250404-us-trade-war-eu-prepares-to-retaliate-with-big-tech-in-its-sights?mf_channel=mastodon&action=forward

Italy warns against retaliatory tariffs against US.

Italian Economy Minister Giancarlo Giorgetti has warned against the imposition of retaliatory tariffs on the US in response to President Donald Trump's announcement of sweeping import duties on trade partners.

Under Mr Trump's plans Italy, which has a large trade surplus with the US, will be subject to a general tariff of 20% along with other EU countries.

https://mediafaro.org/article/20250405-italy-warns-against-retaliatory-tariffs-against-us?mf_channel=mastodon&action=forward

A further impact of the Liberation Day tariffs, may be the result of China redirecting its exporting efforts... some in the EU suspect that to maintain their economies of scale Chinese firms will start to reduce prices to gain further traction in European markets.

If so, the likely result may well be a move to raise EU tariffs against Chinese imports, thereby (as I have posted on already) enhancing the pressures on regionalisation of trade blocs (in this case the EU).

#trade #politics
h/t FT

For years economists have argued the key to a revival of economic development across the African continent is the reduction of barriers to trade *within* Africa.... as many countries find their exports to the US market constrained by the Liberation Day tariffs, further multilateral reductions in trade barriers across Africa (both for goods & services) look sensible.

Its an ill wind that blows no good & this might be a prompt for some helpful moves across Africa.

Nintendo has said it is delaying preorders of its hotly anticipated Switch 2 gaming console as it assesses the fallout from the Trump administration's trade tariffs. https://www.japantimes.co.jp/business/2025/04/05/tech/nintendo-switch-preorders-delay-tariffs/?utm_medium=Social&utm_source=mastodon #business #tech #nintendo #videogames #switch #donaldtrump #us #tariffs #trade #tradewar

Much has been said about what Trump’s ‘Liberation Day’ tariffs mean for the global liberal order. But what do they mean for everyday American consumers? And what could be its fiscal impact?

Today's Number Theory breaks it down.

Read on HT app: https://is.gd/NUmU7y

Trump's tariffs put US-China TikTok deal in doubt

Sources say a deal to spin off the US assets of TikTok has been put on hold, with China indicating it will not approve the deal following US President Donald Trump's tariffs announcement.

https://www.abc.net.au/news/2025-04-05/trump-tariffs-put-us-china-tiktok-deal-in-doubt/105141636

The dangerous zealotry of #Trump's Commerce Secretary Howard Lutnick, the 'brains' behind #Trump's tariff war.

He has no interest in negotiation. He wants other countries to buckle to the US. It's not working.

#tariffs #trade #Canada #auspol

https://www.youtube.com/watch?v=awpyZBS8EBE