Trump posted a message to his followers just before pausing the bulk of his tariffs. He may have accidentally confessed to insider trading and market manipulation on Truth Social.
Reader Comments: Trump Tariffs Tanked Economy; How Dems Can Win by Organizing From the County Up; Library Assn Sues To Stop Trump Cuts; New Resource - Black Federal Workers by State; Webinar-Labor and the Crisis Of Democracy; Cartoons and more....
Supposedly, this is all going to revive domestic manufacturing. But the evidence for that is slim, and it wouldn’t happen overnight—especially not without other policies. At a basic level, tariffs make stuff more expensive.
For the 12 million workers in U.S. manufacturing, the question is whether it is possible, under this administration and in this moment of twenty-first-century capitalism, to create a pro-worker, pro-union trade policy.
There may be “some pain” Trump admitted of his tariff schemes; “But we will Make America Great Again, and it will all be worth the price that must be paid.”
A trade war with China poses a serious threat to the US itself, which is bound to suffer severe losses due to trade diversion; and broader damage, as tit-for-tat tariffs reduce overall exports, undermine total global trade, and world economic growth.
Free-market orthodoxy has failed. It’s time to consider our public interest. Europeans, Canadians and Mexicans buy more American goods and services than anyone else in the world. So why would the Trump administration be willing to start trade wars?
The country-based framing of the international accounts serves to obscure the very resilient and virulent foundations of U.S. power, based in the private corporate sector. Corporate ownership and/or control of trade, income and financial flows have become increasingly internationalised, ...
Spread the word