President Luiz Inácio Lula da Silva issued a fierce rejection of President Trump’s demands for Brazil, but said he was ready for dialogue. "Brazil’s sovereignty will not be threatened."
World in transition
Stock buybacks. Sales taxes. Loopholes. ... Let's count the ways that tax reforms to benefit the rich and big corporations have exacerbated inequality and drained resources from funding vital public programs.
Trump's Tariffs cause job loss
A coalition including leading figures on the right filed a fiery brief with the court that rebuffed most Trump tariffs. The tariffs are "taxation by proclamation" and do violence to the Constitution, the brief argues. One judge cited it eight times.
Labor historians should be particularly concerned about Trump’s misuse of tariff history because his tariff policies remain popular with many working-class voters and labor union leaders despite the recent economic meltdown they have caused.
In Bangladesh, the factories that make clothing for export had remade themselves and raised national incomes along the way. They never bargained for a trade war.
It’s coming, and we know approximately when. The economy contracted by 0.3 percent, and imports have contracted. Tariffs of 145 percent on China are a trade embargo for many sectors. China’s retaliatory measures are an embargo in the other direction.
Concocting an emergency to advance economic and foreign policy goals is an abuse of power.
“They’re all part of the same industry. It’s not necessarily who is taking jobs from whom, it's the same industry. No one is stealing from anybody. There’s shrinkage on both sides of the border.”
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