Summary
A video of Agriculture Secretary Brooke Rollins praising Trump’s new tariffs while standing beside a screen showing the Dow Jones down 1,200+ points has gone viral with 1.1 million views.
Trump’s tariffs target over 180 countries, with a 10% baseline on all imports and higher rates on key partners, including China (34%) and the EU (20%).
The administration claims the policy will boost U.S. manufacturing, but analysts warn of economic risks.
Rollins also faced questions over rising egg prices and unclear tariff impacts on food imports.
I know this is petty, but I don’t care. Why is it that these people always have the most generic, first-gen AI created names and the most fucked up faces? I know fascism doesn’t inherently attract the best, brightest, and most interesting but come on. It’s like they just hit random on the Oblivion character creator and said “Brooke Rollins with the fivehead? Looks good to me!”
My hypothesis was always that anger and hate make you ugly. It physically changes you because you are constantly stressed, scared and on edge.
These people wake up hating and being angry and go to bed angry, that’s why 99% of white supremacist / religious extremists looks like garbage bags filled with vomit.
Super valid points. Cortisol is one heluva drug.
Let’s be real. We have people like my mother that will watch Fox News, totally ignore the window with stock prices and agree these will help farmers. There won’t be any ah, ha moment for her. 25 years of propaganda will not break her from the cult.
ignore the window with stock prices
The best part is she won’t even have to. Apparently, as of yesterday, it’s no longer even there.
This is a sale for them. While the upper and middle class has to sell, they’re making money on it by buying up companies for dirt cheap.
They want a global recession.
They want to buy up assets for pennies on the dollar with their existing mega fortunes.
Idk if they’ve taken into account the fact that they’re devaluing the USD, but they probably have gold or some shit idk.
Devaluating the dollar might be the goal, not a side effect: A Users Guide to Restructuring the Global Trading System
That’s a lot of information, could you give us here a tldr?
This is the gist of the summary on the front page:
Tariffs provide revenue, and if offset by currency adjustments, present minimal inflationary or otherwise adverse side effects, consistent with the experience in 2018-2019. While currency offset can inhibit adjustments to trade flows, it suggests that tariffs are ultimately financed by the tariffed nation, whose real purchasing power and wealth decline, and that the revenue raised improves burden sharing for reserve asset provision. Tariffs will likely be implemented in a manner deeply intertwined with national security concerns, and I discuss a variety of possible implementation schemes. I also discuss optimal tariff rates in the context of the rest of the U.S. taxation system.
Currency policy aimed at correcting the undervaluation of other nations’ currencies brings an entirely different set of tradeoffs and potential implications. Historically, the United States has pursued multilateral approaches to currency adjustments. While many analysts believe there are no tools available to unilaterally address currency misvaluation, that is not true. I describe some potential avenues for both multilateral and unilateral currency adjustment strategies, as well as means of mitigating unwanted side effects.Thank you
They’re giddy making a fortune shorting right now because they knew this was coming. Because this fucked country hasn’t outlawed politicians from investing in the stock market.
Bahahaah, I think some folk are sad about this article
Edit: Commenter was correct, darn. Replaced image where the needle was off the left side. It changes after voting.
Ground News (source rating)
I thought that was the meter’s default position before casting a vote, because that’s where I see the needle in every article of theirs.
It’s a terribly biased design and makes me question their reporting skills. Anyone knows if you have to show a default value it should be placed in a neutral position, otherwise you bias the poll/study/etc.
The default being all the way to the left isn’t good.
Probably more like right-wing astroturfing hitting every article with bots voting “unfair left leaning” the second an article publishes.
You’re right, damn I feel silly
it was almost painful to watch the shuffle, shuffle, shuffle, shuffle
It was subtle, but the stock ticker listing of currency/USD to get a bunch of green triangles in there, and then the price of eggs using the red triangle to really throw the green=good/red=bad paradigm off was inspired, in a malicious and slimy sorta way.
CBC had similar graphics during the first round of response from Trudeau too and it was great
Context?
