rump says tariffs going very well as markets plummet

[struggle4progress]

By Michael Wilner and Faith E. Pinho
April 3, 2025 Updated 2:47 PM PT

Germany’s economy minister predicts Trump “will buckle under pressure” once other nations respond to his tariffs.

The president of the European Commission called the new import taxes “a major blow to the world economy.”

https://www.latimes.com/world-nation/story/2025-04-03/world-states-markets-react-to-trumps-tariffs

[VMA131Marine]

1. This is some new meaning of "going very well" ...

I was previously unaware of.

[struggle4progress]

4. It's Assholian for "I never admit I'm wrong"

[struggle4progress]

2. World begins to respond to Trump tariffs, risking escalation

By Daniel Desrochers
04/03/2025 03:16 PM EDT

The White House has warned other countries not to hit back at President Donald Trump’s dramatic new tariffs. But many of the United States’ biggest trading partners aren’t listening.

World leaders were still processing Trump’s complex new tariff regime Thursday and few were prepared to unveil specific trade retaliation. But a number of them promised it was coming, raising the specter of an escalating tit-for-tat trade war that could devastate the global economy ...

https://www.politico.com/news/2025/04/03/the-white-house-urged-world-leaders-not-to-respond-to-tariffs-they-arent-listening-00269834

[struggle4progress]

3. UK draws up list of US products it could hit with tariffs

12 hours ago
Kate Whannel
Political reporter
Sam Francis
Political reporter

The UK government is drawing up a list of US products it could hit with retaliatory tariffs after President Donald Trump announced a wave of new import taxes.

This is a toughening of the government's stance as ministers seek to finalise a trade deal with the US.

Business Secretary Jonathan Reynolds says he is consulting UK firms about the likely impact of the 10% tariffs being imposed on nearly all UK exports to the US and which products should be on the list.

If UK negotiators can not agree a deal to reduce the 10% tariff by 1 May, the business secretary told MPs the government could impose retaliatory tariffs on US imports ...

https://www.bbc.com/news/articles/cwy09e3nwr3o

[struggle4progress]

5. Says China played it wrong

By Diana Glebova
Published April 4, 2025, 10:47 a.m. ET

... In a string of all-caps Truth Social posts, the president argued his duties will withstand the test of the markets, which plunged yet again in the first hour of Friday trading.

“CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!” he wrote.

In an earlier post, the president told “THE MANY INVESTORS COMING INTO THE UNITED STATES AND INVESTING MASSIVE AMOUNTS OF MONEY, MY POLICIES WILL NEVER CHANGE ...

The Dow Jones Industrial Average plunged more than 1,400 points in the first 70 minutes of trading Friday, as investors anticipated more retaliatory tariffs from foreign countries in response to Trump’s Wednesday announcement ...

https://nypost.com/2025/04/04/us-news/trump-says-china-played-it-wrong-with-tariff-retaliation-vows-my-policies-will-never-change/

[struggle4progress]

6. China, E.U. prepare countermeasures as tariffs unite friends and foes

Allies and adversaries alike were reeling from Trump’s tariff blitz, with some signaling they were ready to retaliate, while others were still hoping for talks.

Updated
April 3, 2025 at 1:52 p.m. EDTyesterday at 1:52 p.m. EDT

... In France, President Emmanuel Macron called for companies to pause investments in the United States. China pledged retaliation against Trump’s “typical bullying.” Japanese Prime Minister Shigeru Ishiba warned that the tariffs would have “significant repercussions” on the global economy ...

In Europe, most governments held back on specific countermeasures. British Prime Minister Keir Starmer promised to respond with “cool and calm heads.” But beneath the diplomatic restraint simmered anger and fears of spreading economic chaos ...

European Union officials said they would hold trade talks with Washington in hopes of replacing the tariffs with a less punitive umbrella deal. E.U. ambassadors met Thursday to prepare phased countermeasures, which are likely to include new tariffs on U.S. goods and efforts to boost alternatives to American products, a senior European Commission official said.

“We love soybeans, but we can get them from Brazil; we do not need to get them from the United States,” said the official, who spoke on the condition of anonymity to discuss internal deliberations. “We like Harley-Davidsons, but we also like Moto Guzzi or we can buy Yamaha, right?” ...

https://www.washingtonpost.com/world/2025/04/02/trump-tariffs-reaction-markets-retaliation/

[spanone]

7. "Let them eat cake"

fuck don trmp

[struggle4progress]

8. President Marie Antoinette's golf trips cost US $26 million this year

https://www.yahoo.com/news/people-over-trump-spending-26-200249239.html

[usonian]

11. Speaking of Marie Antionette, wouldn't circumcisions be in order for the White House? (by Mohel Brooks)

No tax on tips!

[usonian]

9. Very well, indeed.

Why does "Animal House" seem so appropriate?

[dalton99a]

10. Deja vu. At the start of the pandemic: