Everything posted by Vesper
-
Will Trump’s tariffs cause global economic crash? | Robert Kaplan | Fourcast Channel 4 News Donald Trump has announced global tariffs on an unprecedented scale, holding up a chart in the White House Rose Garden outlining what each country will pay and while the UK seems to have got off relatively lightly, almost nowhere has escaped America's determination to bolster its home-grown trade and manufacturing. Even the penguins that are the only inhabitants of a chain of remote Antarctic islands have been slapped with a 10 percent tariff. Prices in the US are likely to go up. The global economy faces a period of chaos amid plunging markets. But is a trade war inevitable? And could it spiral out of control and escalate into something much worse? For this episode of the Fourcast, Krishnan Guru-Murthy is joined by the American author and commentator Robert Kaplan whose writing examines the nature of US power, and Channel 4 News Economics Correspondent Helia Ebrahimi.
- 16,145 replies
-
- governments
- laws of countries
-
(and 1 more)
Tagged with:
-
- 16,145 replies
-
- governments
- laws of countries
-
(and 1 more)
Tagged with:
-
Absolute bollocks. Most every time the US has tried large tariff regimes in the past it has caused economic disaster. Please go do the most basic of research about it before you listen to that profoundly ignorant fool Trump. I will assist you with one such instance, one that greatly deepened The Great Depression: Smoot–Hawley Tariff Act https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act The Tariff Act of 1930, also known as the Smoot–Hawley Tariff Act, was a protectionist trade measure signed into law in the United States by President Herbert Hoover on June 17, 1930. Named after its chief congressional sponsors, Senator Reed Smoot and Representative Willis C. Hawley, the act raised tariffs on over 20,000 imported goods in an effort to shield American industries from foreign competition during the onset of the Great Depression, which had started in October 1929. Excluding duty-free imports, the tariffs imposed by the act raised the existing import duties by an average of 20%, to the third highest levels in U.S. history, after the tariffs imposed on the world by President Donald Trump in 2025 and the Tariff of 1828. Hoover signed the bill against the advice of many senior economists, yielding to pressure from his party and business leaders. Intended to bolster domestic employment and manufacturing, the tariffs instead deepened the Depression because the U.S.'s trading partners retaliated with tariffs of their own, leading to U.S. exports and global trade plummeting. Economists and historians widely regard the act as a policy misstep, and it remains a cautionary example of protectionist policy in modern economic debates. It was followed by more liberal trade agreements, such as the Reciprocal Trade Agreements Act of 1934. snip During his 2024 political campaign, Donald Trump pledged to institute similar tariffs. In its annual forecast supplement for the global economy that was published in November 2024 ('Year Ahead' for 2025), The Economist observed that [in the wake of the Tariff Act] "... global trade fell by two-thirds. It was so catastrophic for growth in America and around the world that legislators have not touched the issue since. 'Smoot-Hawley' became synonymous with disastrous policy making".
- 16,145 replies
-
- governments
- laws of countries
-
(and 1 more)
Tagged with:
-
'The most economically illiterate speech I have ever heard', analyst says • FRANCE 24 English
- 16,145 replies
-
- governments
- laws of countries
-
(and 1 more)
Tagged with:
-
brutal last 8 EPL matches overall especially the last 4 away at NUFC and Forest are THE games for CL (unless we collapse elsewhere)
-
we so need Palace to do us a solid and beat or draw with NUFC (only 2 teams who have only played 29 games)
-
Spuds have one win at the Bridge in the last 35 years
-
good win clean sheet
-
Cole and Enzo off so hope we do not need to score
-
12 minutes! added
-
finally a good save by Sanchez
-
seems normal to me
-
Reece on for Nico
-
danger free kick here with Sanchez involved
-
stupid foul by Neto and a yellow
-
Jackson back to being an offsides machine
-
there is going to be 10 minutes added at this rate
-
CuCu gets a yellow too
-
that should be a 2nd yellow red on Sarr
-
clear foul
-
but fuck off Sanchez no matter what
-
VAR will overturn it