“The first time he was president, Trump raised tariffs on steel. That helped American steelmakers. They hired 1,000 more workers. Yippee.
But more American companies make things out of steel. They were hurt. The result: America lost about 75,000 jobs.”
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“American industrial output is near an all-time high.
Unemployment, now at 4.2 percent, is much lower than it was when I grew up.
Politicians never learn. In 1930, at the start of what became the Great Depression, clueless legislators Reed Smoot and Willis Hawley got Congress to pass what became known as the Smoot-Hawley Tariff Act.
“It deepened and lengthened the Depression,” writes the Foundation for Economic Education”
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“Trump says he’s making deals! He got China to reduce tariffs to 10 percent.
But China charged 8 percent before Trump raised tariffs during his first term.”
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“Some countries, in response to Trump’s moves, raised their tariffs. Canada announced retaliatory tariffs on $107 billion worth of U.S. goods.”
“the deal is a tidy illustration of how President Donald Trump has conducted his global trade war. With China, Trump hiked tariffs to astronomical levels while promising those taxes (which are paid by Americans) would unleash prosperity and create jobs. Then, the White House celebrated the agreement that reduced those tariffs as “the art of the deal.” They are literally doing the meme.
But the “deal” means that imports from China will be subjected to significantly higher tariffs than when Trump took office. Those tariffs will continue to be a serious economic burden for American businesses and consumers, and the threat of even higher tariffs remains—because the “deal” only pauses those tariffs for 90 days, and because Trump’s mercurial nature means no one can really be sure what is coming next.”
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“the remaining 30 percent tariff, which is stacked on top of preexisting tariffs from Trump’s first term, “will still make for an expensive back to school and holiday season for most Americans,” Lamar said in a statement. “If freight rates spike due to the tariff-induced shipping disruptions—which will take months to unwind—we could see costs and prices creep up even further.””
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“both America and China are still worse off than they were a few months ago. Trump has used constitutionally dubious economic powers to raise and then lower tariffs, creating huge costs and even greater uncertainty.
Rather than praising the president for backing down from an insane position, as the White House believes Americans should do, the proper response to Trump’s latest tariff maneuvers is the same as it has always been: Congress must take away his tariff powers.”
“Trump’s Justice Department is trying to jail a guy for trespassing on federal property in order to mount an illegal protest — a nonviolent version of what the president pardoned 1,500 people for doing.”
“Recent figures from the Defense Department reported 4,240 — or 0.2 percent — of about 2 million service members have been diagnosed with gender dysphoria. Data from previous years by advocacy groups has calculated the number to be much higher, at around 15,000.
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Trump unveiled the plan in an executive order on inauguration day. The basis for the order, which Trump also enacted during his first term, is the argument that gender dysphoria is incompatible with military service.”
“A federal judge on Friday temporarily blocked the Trump administration’s sweeping layoffs at several agencies, including HHS, saying that cooperation of the legislative branch is required for large-scale reorganizations.
Kennedy eliminated thousands of jobs in early April, paralyzing programs across the Centers for Disease Control and Prevention, and particularly in the National Institute for Occupational Safety and Health, that monitored health threats, researched cures and investigated everything from toxic fumes in fire stations to outbreaks of gonorrhea.
The layoffs at NIOSH have halted the National Firefighter Cancer Registry, Fire Fighter Fatality Investigation and Prevention Program, Health Hazard Evaluation Program, Respirator Approval Program and Coal Workers’ Health Surveillance Program. All are required by law, but their government websites explain they are no longer operating because of the layoffs.
“If the law requires you, the executive, to do this work, you have, in a back door way, thumbed your nose at Congress by firing the people who are actually necessary to get that work done,” said Max Stier, the president and CEO of the nonpartisan, nonprofit Partnership for Public Service, whose mission is supporting the federal workforce. “The executive branch is supposed to execute — the name says it all. It doesn’t have the right to determine where money is spent and how much money is spent. ”
HHS spokesperson Andrew Nixon told POLITICO that “critical initiatives under NIOSH will remain intact.””
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“while the administration has pledged that “essential services…will remain fully intact and uninterrupted,” and have repeatedly claimed that core programs will transfer to the yet-to-be-created Administration for a Healthy America, or AHA, interviews with staff and public notices on the CDC’s website show that the programs are no longer operational.”
“A growing number of the nation’s top tech firms have hired remote information technology workers, only to discover that the employees were actually North Korean cyber operatives.
Their goal? Cashing in on top tech salaries to funnel millions of dollars back to Pyongyang for its weapons program.”
“Donald Trump’s team cuts tariffs to 30 percent, while China slashes its levies to 10 percent. Now they have 90 days to do a deal.”
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“The de-escalation does not affect tariffs ranging up to 25 percent that Trump imposed on more than $300 billion worth of Chinese goods during his first term, leaving a wide range of goods with effective tariff rates of either 37.5 percent or 55 percent.”
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“It also does not roll back the 25 percent “sectoral” tariffs that Trump has imposed on autos, steel and aluminum, U.S. officials said. Some other tariff increases that President Joe Biden imposed, such as on electric vehicles, also are not affected.”
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“In a separate interview on CNBC, Bessent said the two sides may use the “Phase 1” trade deal that Trump negotiated during his first term as the “starting point” for negotiations. That pact called on China to buy an additional $200 billion worth of Chinese goods in 2020 and 2021, but Beijing fell well short of the goal.”
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“The remaining 30 percent tariff on Chinese goods from Trump’s second term reflects a 10 percent “reciprocal” baseline tariff that Trump imposed on all countries on April 2 and a 20 percent tariff that he imposed earlier this year to pressure China to do more to stop the flow of precursor chemicals that are used to make fentanyl.”
“A majority of people surveyed had an overall negative perception of the U.S., marking a steep decline from last year. America’s reputation took a particularly massive hit in EU countries — perhaps unsurprisingly, as U.S. President Donald Trump has called the bloc “horrible,” “pathetic” and “formed to screw the United States.””
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“Meanwhile, China kept improving its global standing, overtaking the U.S. for the first time and recording mostly positive perceptions in all regions except Europe.”
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“Trump’s reputation is in line with that of his country. The survey showed he’s less popular worldwide than his Russian and Chinese counterparts, Putin and Xi Jinping.”
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“Israel emerged as the country with the worst global reputation of those included in the poll, especially in the Middle East and South Asia. Israel is unpopular even in European countries that have historically been its allies, such as Germany, signaling growing discomfort with its government’s conduct in Gaza and the West Bank.”