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How to make your allies walk away, friends despise you and neutral seek to create or join blocs specifically to oppose you? Trumpism!
"Trump implements sweeping tariffs ranging from 10% to 49% on foreign countries"
theguardian.com/us-news/live/2…
But overall, most of all you just shot every resident of USA in the foot.
You dolt.

MAGA: Making Animosity Globally Ascend
MAGA: Misguided Actions Generate Adversaries

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Trump's tariffs keep reminding me of two other events when rulers compensated for field-relevant incompetence through increased authoritarianism instead of through decentralization so that those with the relevant competence, those doing the actual things such as farmers, factory workers, etc could with their deep knowledge decide how they should do things.
It reminds me of the "Great Leap Forward" which leaped the people into the "Great Chinese Famine" and it reminds me of the first five-year plan of the "Soviet" Union imposed by Stalin resulting in the Soviet famine which included the Holodomor and similar devastation elsewhere.
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Economic analysis on how "Trump’s ‘idiotic’ and flawed tariff calculations stun economists", featuring the formula I tooted earlier in this thread
theguardian.com/us-news/2025/a…
in reply to b9AcE is anti-fascist

900 car manufacturer employees in USA "temporarily laid off" due to Trump's tariffs bullshit against the immediate neighbors.
reuters.com/business/autos-tra…
Sooo, guess those workers will just have to "temporarily" stop paying rant and eating then?

Guessing there are lots of and will be even more of such mass-layoff cases soon, because MAGA.

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─────
“I think it’s going very well,” Trump, asked about the market reaction [to Trump's trade war tariffs], told reporters.

“You’ve never seen anything like it. The markets are going to boom. The stock is going to boom. The country is going to boom.”

Akayla Gardner
White House Reporter
─────
bloomberg.com/news/live-blog/2…

Suuure, "buddy". :-D

Meanwhile, in the really real world...
"Here is the latest chart of the S&P500 as of 2pm ET on Thursday:" (theguardian.com/us-news/live/2…)

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─────
Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street
[...]
Drawing comparisons with the market crashes at the height of the coronavirus pandemic and the 2008 financial collapse, the sell-off swept the globe [...].

When New York trading opened, the S&P 500 index of the US’s leading companies fell by as much as 4.3% in morning trading, with the tech-heavy Nasdaq fund down 5.1%.

[...] Trump said: “I think it’s going very well. It was an operation like when a patient gets operated on and it’s a big thing. I said this would be exactly the way it is … We’ve never seen anything like it. The markets are going to boom. The stock is going to boom. The country is going to boom.”
─────
theguardian.com/business/2025/…

in reply to b9AcE is anti-fascist

Trump yesterday: "The markets are going to boom. The stock is going to boom."

The market today: "Trump tariffs wipe $5 trillion off Wall Street"
reuters.com/markets/global-mar…
"Dow plunges 2,200 points, Nasdaq enters bear market as Trump tariffs spark worst meltdown since 2020"
finance.yahoo.com/news/live/st…
Tesla -10.45%
Amazon -4.16%
Microsoft -3.57%
nVidia -7.76%
Intel -11.5%
Palantir -11.47%
Amazon -4.15%
Apple -6.75%
Google -2.24&
Meta -4.26%
Netflix -6.48%
AstraZeneca -7.39%
BlackRock -7.33%
Et cetera, et cetera...

Several of those I've been boycotting for over a decade.
Wheee! 😀

in reply to b9AcE is anti-fascist

Oh, also, the new Nintendo Switch 2's preorders were postponed indefinitely due to Trump's tariffshit.
in reply to b9AcE is anti-fascist

Trump's tariffshit keeps keeping the markets "boom" going. 😆
"Elon Musk lost $11bn the day after Donald Trump's tariffs [...]
world's 500 richest people lost a combined $208bn [...]"
news.sky.com/video/musk-zucker…

Forbes World's Real-time Billionaires [...] Losers
(changes since 5pm EST of prior trading day)
Elon Musk -$15.7B | -4.15% | Tesla, SpaceX
Larry Ellison -$10.8B | -6.24% | Oracle
Warren Buffett -$10.7B | -6.50% | market gambling
Mark Zuckerberg -$9.2B | -4.99% | Facebook, Instagram
Jeff Bezos -$6.7B | -3.44% | Amazon
Jensen Huang -$6.4B | -7.22% | nVidia
Larry Page -$3.9B | -3.07% | Google
Rob Walton & family -$3.8B | -3.60% | Walmart
Jim Walton & family -$3.8B | -3.63% | Walmart
Alice Walton -$3,7 B | -3.83% | Walmart
Thomas Peterffy -$3.7B | -7.56% | market gambling
Sergey Brin -$3.6B | -3.00% | Google
Bernard Arnault & family -$3.6B | -2.28% | opulence brands (France)
Bill Gates -$3.5B | -3.24% | Microsoft

😁👍 :anarchoheart3:

in reply to b9AcE is anti-fascist

"The Market" is terrified of fallout of Trump's tariffshit.
The "VIX" index, commonly called the "fear index", near record level today.
theguardian.com/business/blog/…

Seeing analysts use words like "extreme panic", "bloodbath", etc.

"Stocks tumbled, taking the three-day wipeout in global equity value to about $9.5 trillion."
theguardian.com/business/blog/…

"the Hong Kong Hang Seng [...] 13% one-day slump was the largest since 1997"
reuters.com/markets/global-mar…

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It would be... interesting to see what would happen if say for example the EU as well as the countries Taiwan, Japan, UK, Canada, Switzerland, etc all declared that unless Trump stops the acts of aggression against them, then they will just stop lending money to fund the aggressor government of USA
en.wikipedia.org/wiki/National… and refuse renewing already held "national debt" of USA.
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A new (17h ago) very in depth video looking at Trump's tariffshit as it affects specifically computers-related stuff, including actual margin/tariff numbers from actual manufacturers, very open interviews with several large to small companies, etc for a total of three hours:
youtube.com/watch?v=1W_mSOS1Qt…

Basically what I had already written in this thread, plus the primary point of what I had already written todon.eu/@b9AcE/11344991068614… here,
so that's a shorter summary if you prefer that. ;-)

The same as is described by them within that sector also applies to probably all other sectors, just with different percentages but with the same core issue.

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A sidenote: The word "tariffshit" is intentional, newly compounded by me and intentionally ambiguous.
Depending on how you feel about it you can break it down as the first part being either "tariffs" or it can be "tariff", with the second part as a consequence being two quite different words, which you can see yourself... ;-)

As far as I can tell through several search engines it may have been used as such maybe 3 times elsewhere online by others excluding typos and variants disambiguified and therefore not making my point.
I just wanted to clarify that it's not a typo on my part, but an intentional statement. I don't do tyops. :-P

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in reply to cognitively accessible math

@geonz Considering the huge negative impact to climate change, all of ours' survival, while just this year thousands have died of the heat and wildfires during consistent record conditions, it should be the top item when reporting on that capitulation agreement.

Also, the absurd requirement that EU corporations MUST invest $600 billion in Trump's economy certainly seems very neglected.

This is like a personal gifting of EU's economy from von der Leyen to Trump, probably for the purpose of boosting Trump's political capital.

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German mainstream news media actually celebrated the fossil fuel part as making the EU more independent from Russia, as if shifting your dependencies from one autocrat to another would somehow be a good thing...
in reply to AsozialesNetzwerk Sektion Köln

@ankoeln Shifting AND increasing, while of course what should be done all this time, at least since Putin launched the war of aggression in Ukraine, would be to do a particularly targeted investment in wind, wave, solar, geothermal, etc energy sources, paired with huge sodium-ion and similar low-impact rechargeable batteries for reservoirs.
If they would have begun then, we would be done probably a few years ago, fully independent, with dispersed infrastructure vastly better at handling disasters and wars.
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It's mind-boggling how, after learning the really hard way that making ourselves dependent from Russia in the past was a terrible idea, most European so-called "leaders" seem to think that being more and more dependent on the US is perfectly fine, while watching Trump and (edit: fixed typo) some billionaires hard at work on turning them into a dictatorship. Apparently "Western" dictatorships are fine.
This entry was edited (5 months ago)
in reply to AsozialesNetzwerk Sektion Köln

@ankoeln I'm guessing it's largely because a lot of those currently ruling in EU are of parties that have been explicit USA-fans at least since WW2, for most of the time while their largest opponents were "Soviet" Union-fans but as that side disappeared when the people won against the regimes there now those EU-rulers appear to just use as much momentum as they can to run right into the shackles of Uncle Sam, because now due to panic and shortsightedness there is no significant resistance so they probably feel they must take that opportunity but as they're so unopposed it reached absurd proportions and unanalyzed consequences.
It will be devastating.
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