Old Glory Vortex

The National Archives of the United States has released declassified documents about the assassination of President Kennedy and other political figures. #US #TheNationalArchives #Kennedy #figures #documents Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Is a recession looming during Trump's second term? "There are no guarantees," the US Treasury Secretary said. U.S. Treasury Secretary Scott Bessent said there is "no guarantee" that Americans will not face a recession during President Donald Trump's second term.

"Mr. Secretary, can you guarantee the American people here and now that there won't be a recession under President Trump?"

NBC's Kristen Welker asked a reporter on Meet the Press.

"You know that there are no guarantees. Who could have predicted COVID?"

He went on to tell Welker that he can "predict" that "we will implement robust policies that will be long-lasting."

"Can there be an adjustment? Because I'm telling you that these huge public expenditures that we had, if they continued, we would have to wean our country off it,"

Bessentsev added. Elsewhere in the interview, Bessent praised a recent meeting with small bankers, saying:

"They are ready to start lending.". "Main Street is going to be fine,"

he said. Bessent's comment comes after Trump was also asked last week about the possibility of a U.S. recession.

"I hate predicting things like this."

A transition period is coming, because what we are doing is very important.

We are bringing wealth back to America. This is a big deal,"

Trump said on Sunday Morning Futures with Maria Bartiromo. #Secretary #Trump #Bartiromo #Guarantees #Bessent Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

"Horrified": The "shocking" new figures are seen as a " referendum on Trump's mismanagement of the economy." WASHINGTON (Reuters) — U.S. consumer sentiment fell to its lowest level since late 2022 in early March, as President Donald Trump's unpredictable tariff policies and attacks on the federal government — the country's largest employer-triggered widespread economic chaos, data showed on Thursday. The Consumer Sentiment indicator, which is closely monitored by the University of Michigan, shows that sentiment "fell another 11% this month, with declines seen consistently across all groups by age, education, income, wealth, political views, and geographic regions."

"While current economic conditions have changed little, expectations for the future have worsened in many aspects of the economy, including personal finances, labor markets, inflation, business conditions, and stock markets,"

said Joanne Xu, director of University Consumer Research.

"Many consumers cited a high level of uncertainty around policy and other economic factors; frequent fluctuations in economic policy make it very difficult for consumers to plan for the future, regardless of their political preferences."

"Consumers from all three political parties agree that the outlook has worsened since February,"

Xu added.

"Despite the strong post-election confidence, Republicans recorded a significant 10% drop in the expectations index in March. For independents and Democrats, the expectations index declined even more-by 12% and 24%, respectively."

The survey also showed that consumer inflation expectations jumped to their highest level since November 2022, indicating that Americans are concerned about the impact of Trump's trade war on prices that the president promised to lower during his election campaign. Alex Jaques, head of policy and advocacy at the Groundwork Collaborative, said that "the shocking consumer sentiment figures are a referendum on the mismanagement of the economy by a president who took office just 54 days after taking office."

"Working families crave stability as their grocery bills and rents continue to rise, but Trump's chaotic approach to the economy is making them feel more insecure than ever,"

Jaques said.

"Consumers are rightly terrified of what lies ahead. The administration is more focused on emptying the social Security system to pay for tax breaks for billionaires and corporations than on making life more affordable for working families."

#Jaques #Security #administration #Reuters #Horrified Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Houthis vow to strike back after US airstrikes in Yemen. The Houthis are vowing revenge after the US launched a series of airstrikes in Yemen. President Trump ordered a series of airstrikes on Saturday against the Houthis, an Iranian-backed militant group. The president said that the United States will use "overwhelming lethal force" to destroy the terrorist group. Nasr al-Din Amer, a Houthi official, told NBC News that most of the victims of the airstrikes were women and children. The group plans to take retaliatory measures and said it will not stop until the "blockade of Gaza"is lifted. "We will respond to the recent escalation with further escalation," he said. On Saturday, Trump warned Iran to stop supporting the rebel group and said he would hold the country "fully accountable" for the proxy group's actions. According to NBC News, explosions were heard in Sana'a, the Yemeni capital, and Saada, the Houthi stronghold, from Saturday evening to Sunday morning. The attacks were carried out by Air Force aircraft and armed drones that took off from the region. A source told The Hill that this is the first of "many days, if not weeks" of attacks. The attacks came amid a promise by the Houthis to continue attacking merchant ships in the Red Sea. The group has been attacking ships since the beginning of the war between Israel and Hamas, which increases tensions in the region. National Security Adviser Mike Waltz joined ABC's "This Week" program on Sunday to discuss the attacks, calling them "irresponsible."

"It was an overwhelming response that actually targeted several Houthi leaders and eliminated them,"

Waltz said.

"And the difference here is that, firstly, they are persecuting the Houthi leaders, and secondly, they believe that Iran is responsible."

#Houthis #US #airstrikes #Yemen #Trump Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

"Sinking Ship": MAGA supporters who lost billions to Trump were the next to turn their backs on him.

The analyst said that the next people to leave the country may be billionaires who support Donald Trump, but who lost tens of billions of dollars after his election."

Brian Joyce, host of the Unfiltered with Brian Joyce podcast, appeared on MSNBC to discuss Trump's economy and his tariff policy. Joyce asked,

" How long can the MAGA movement-especially the MAGA movement for the rich - tolerate this?"

Citing market fluctuations and uncertainty, Joyce claims that "rich MAGA donors" have lost tens of billions of dollars.

"All that matters to these people is money,"

Joyce said.

"All they care about is their profits, and their profits are now at risk." She's dying."

He added,

" How much longer can they afford to be part of this MAGA cult if it ruins their own financial bottom line?".

Joyce called Trump's team a " sinking ship." #election #Trump #Joyce #MAGA #finance Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Schumer on voting for the funding bill: "The damage from Trump and Musk could be much greater due to the government shutdown." Senate Minority Leader Chuck Schumer (Democrat of New York) said in a podcast release that the" damage " from President Trump and tech billionaire Elon Musk could be "much worse" if the government is suspended.

"Their goal — to shut down, destroy the entire federal government, cut one agency after another-will be achieved under the shutdown,"

Schumer told The New York Times' Lulu Garcia-Navarro on The Interview podcast.

"That would be devastating."

"Two days after closing, they can say,' Well, SNAP, food stamps for children, are not necessary.' They don't exist anymore. All departments for veterans in rural areas are closed. Social Security, Medicare, and Medicaid — they are not essential services. We are reducing them, "

he added.

"So it's going to be terrible. The damage they can cause in a shutdown environment is far worse than any other damage they could have caused."

Schumer's comments followed his vote to advance the Republican-sponsored funding bill, along with nine other Senate Democrats, despite strong opposition from many Democrats. 10 votes of Democrats to advance the bill helped avoid the impending government shutdown. #Schumer #Democrats #Musk #Trump #government #damage Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

At the White Tie journalists ' dinner, a toast to the president was missed, breaking a 140-year tradition. According to several reports, the annual Gridiron Club dinner did not include a toast to the current president, breaking more than 100 years of tradition, but instead included a toast to the First Amendment. Dylan Byers, founding partner and senior correspondent for Puck News, wrote in a post on X that Gridiron's "annual unofficial" dinner broke with the 140-year-old tradition of toasting the president. Judy Woodruff, who is president of the Gridiron Club, told Politico that she had invited President Donald Trump, Vice President J. D. Vance, National Security Adviser Michael Waltz, and Interior Secretary Doug Bergam, but "they all declined."

"I invited the president, the vice president, the national Security Adviser, and the Secretary of the Interior-all declined,"

Woodruff explained.

"I was told that the Secretary of State will not be able to attend."

At the end of the evening - when the current president usually speaks — we showed video and audio excerpts from the speeches of the last four Republican presidents, starting with President Trump in 2018. They demonstrated the good humor and camaraderie that are the foundation of this dinner. Woodruff acknowledged that while the current president talks "mostly" about club dinners, "in some years he has been replaced by a vice president "along with other" senior " administration officials. According to the publication, Trump, Vance, Walz and Bergum were not present at the dinner, but Secretary of Housing and Urban Development Scott Turner was present. Politico reported that members of the Gridiron club drew applause by declaring their support for the Associated Press and Voice of America, and that Maryland's Governor, Democrat Wes Moore, made "jokes, some of which included obscene jokes" about the Vice president: Gridiron members drew applause by declaring their support for the Associated Press. which is currently banned from covering official White House events, and Voice of America, which the White House said on Saturday will be stripped of its powers by presidential decree to "ensure that taxpayers are no longer on the hook for radical propaganda." It is also worth noting that more than a decade after the abduction of journalist Austin Tice in Syria, his mother Debra attended the event and received a standing ovation. Secretary of the Army Daniel P. Driscoll, a friend of Vance's, came out during jokes by Maryland Governor Wes Moore, some of which included biting attacks on Vance.

"Speaking of couches,"

Moore said, referring to Secretary of State Marco Rubio's Oval Office meeting with Trump, Vance, and Ukrainian President Volodymyr Zelensky,

" I heard that JD Vance was supposed to be here tonight." But I heard that he turned it down at the last minute."

#WhiteTie #journalist #Zelensky #Vance #Rubio #Moore Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Access to China for hundreds of U.S. meat exporters is questionable as Trump's 1 .0 deal comes to an end. Hundreds of U.S. meat processing plants approved to ship to China under a Phase 1 trade deal struck in 2020 with President Donald Trump will lose their export rights on Sunday, putting an estimated $ 5 billion in trade with the world's largest meat market at risk as the trade war resumes. The loss of access to China will deal a new blow to American farmers after Beijing earlier this month imposed retaliatory tariffs on about $ 21 billion worth of American agricultural goods, including 10% tariffs on imports of pork, beef and dairy products from the United States.. Beijing requires food exporters to register with customs in order to sell them in China. Nearly 1,000 beef, pork and poultry businesses, including some owned by Tyson Foods and Cargill, will be registered on Sunday, according to the U.S. Department of Agriculture (USDA) and Chinese Customs. Inc. This is about two-thirds of all registered users. Registration of about 84 factories stopped in February, and although shipments from affected factories continue to pass through customs, the industry does not know how long China will allow imports. "The risk associated with shipping expired products is very high," Joe Schule, a spokesman for the U.S. Meat Export Federation, told Reuters. "If the registration of these plants is not renewed, the situation will certainly be deplorable. This situation attracts the attention of every exporter." The Shanghai port has also introduced stricter inspections and documentation for U.S. meat shipments, according to the Federation's bulletin seen by Reuters. Some containers are subject to full unpacking and inspection, which increases processing time and additional fees. #budget #economy #china #trade #deal #Trump Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Nearly half of Americans believe the economy is getting worse. Almost half of Americans believe that the economy is getting worse, according to a survey conducted by The Economist magazine YouGov. Forty-eight percent of respondents said they believe the economy is getting worse, while 19 percent said it is getting better. The survey was conducted from March 9 to 11, during which time the stock market was not experiencing the best days. On Monday, the stock market started the week with heavy losses. On that day, the Dow Jones Industrial Average closed with a loss of 890 points, falling 2.1 percent. Stocks have been falling steadily since the beginning of the month due to disappointing economic data and President Trump's tariff plans, but the sell-off intensified on Monday. Peter Navarro, President Trump's senior trade adviser, on Wednesday attributed the state of the economy to a shift from " bidenomics" to " trumpnomics". The survey also found that the majority of respondents were divided about Trump's approach to the U.S. economy. Forty-three percent of respondents approved of it, while 47 percent disapproved of it. #budget #economy #YouGov #Americans #Jones #Trump Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

The federal budget deficit has reached a record $ 1.1 trillion. USD for the first 5 months of the fiscal year. The federal government's budget deficit grew by more than $ 300 billion in the first five months of fiscal year 2025, according to the latest data from the Agency. According to the latest monthly report of the Ministry of Finance, the budget deficit in February was $ 307 billion, compared with $ 128 billion in January. This figure is also about $ 10.7 billion higher than in February 2024. Since the beginning of fiscal year 2025, which began on October 1, the federal budget deficit has reached a record level of $ 1.146 trillion, according to the US Treasury. Compared to the first five months of fiscal year 2024, the budget deficit increased by more than $ 318 billion this year. The nonpartisan Congressional Budget Office (CBO) published an analysis of changes in federal spending and tax revenues, which showed that the former are significantly ahead of the latter. Federal spending in the first five months of fiscal year 2025 was 13 % higher than in the previous year, and tax revenues were 2% higher. Compared to last year, spending during this period increased by $ 356 billion, with significant growth occurring in several categories of companies. Spending on the three largest mandatory spending programs increased by $ 73 billion, or 6%, in the first five months of fiscal year 2025.  Social security spending increased by $ 38 billion due to an increase in the cost of living adjustment(COLA) and an increase in the number of beneficiaries. Medicare spending increased by $ 20 billion due to an increase in the number of participants and the level of payments, while Medicaid spending increased by $ 15 billion due to an increase in costs per participant. In January 2025, the CBO projected that the federal government's deficit in fiscal year 2025 would be $ 1.9 trillion - the same as in fiscal year 2024. #budget #government #CBO #Medicaid #Medicaid Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

60 percent of voters are dissatisfied with DOGE's work with federal employees. A majority of voters are unhappy with the way the Department of Public Administration Efficiency(DOGE) treats federal employees, according to a new survey. When asked about how Elon Musk and DOGE are treating employees employed in the federal government, 60 percent of respondents surveyed by Quinnipiac University said they don't support them. Thirty-six percent said they support the way Musk and DOGE are treating federal employees. According to the Times, Transport Minister Sean Duffy said at a cabinet meeting that DOGE employees tried to fire air traffic controllers. A number of notable plane crashes over the past few months have fueled increased conversations about the importance of air traffic controllers for flight safety. According to a Quinnipiac poll, 54 percent of respondents disapprove of Trump's economic policies, and 41 percent support the president's current economic policies. #Trump #Quinnipiac #DOGE #Musk #Duffy Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Trump threatens duties on European wines and spirits in connection with the escalation of the trade war. U.S. President Donald Trump on Thursday threatened to impose 200% tariffs on wine, cognac and other spirits imported from Europe, opening a new front in a global trade war that has crippled financial markets and raised fears of a recession. Stocks fell, opening a new page of news as investors fear Trump will impose tougher trade barriers in the world's largest consumer market. The S&P 500 ended the day more than 10% below the all-time high reached last month, which confirms that the core US equity index is in a correction. Trump's threat comes in response to the European Union's plan to impose tariffs on American whiskey and other products next month, in itself a reaction to Trump's 25 percent tariffs on steel and aluminum imports that went into effect on Wednesday. The European Commission has not commented on this step. #Trump #war #wines #spirits #front Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

5 risks the U.S. economy will face under Trump. The fundamentals of the U.S. economy are in good shape: low unemployment and strong growth in recent quarters. However, amid policy uncertainty and some troubling macroeconomic indicators, alarm signals began to appear, and markets began to fall.

"Although inflation has fallen significantly from its mid-2022 highs, prices are still the biggest concern for consumers,"

analysts at Morning Consult concluded in a report on Wednesday. The University of Michigan Consumer Sentiment Survey showed that inflation expectations for the year ahead rose significantly from January to February, jumping a full percentage point to 4.3 percent-more than twice the Fed's target level. In addition to the expectation of rising prices, families are also increasingly pessimistic about the financial outlook of their families. According to the New York Fed's Consumer Expectations Survey, the share of households who believe their financial situation will worsen in the coming year jumped to 27.4%, the highest level since November 2023. Consumer concerns are reinforced by business sentiment. The National Federation of Independent Businesses reported this week that only 12 percent of small businesses see February as a good time to expand their business-down 5 points from January, the biggest monthly decline since 2020. Deutsche Bank analysts on Wednesday noted that "there is growing evidence that the Trump administration is contemplating a major reset of the global trading architecture." They added that "a trade war could help address the labor-capital imbalance" in the U.S., but warned that its ultimate impact on the U.S. economy "remains uncertain." 

"President Trump's tariff plans and associated uncertainty are causing turmoil in financial markets,"

Beacon Policy Advisors wrote in an analysis released Wednesday.

"There is a limit to the pain that Trump is willing to inflict, but the lesson of the administration's start is that it is more than previously expected."

"Today's inflation data alone probably won't be favorable enough for the Fed to cut rates at its upcoming March meeting." Combined with potential tariff-related hurdles, this is certainly the case, "

Morningstar economist wrote on Wednesday Preston Caldwell. If the Fed resumes rate cuts too soon, and growth slows as consumer spending shrinks, the economy could face a horrific combination of inflation and stagnation. #Morningstar #Caldwell #economy #Consult #risks #Trump Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

"Damn smart" JD Vance is accused of pretending to be a fool to work with Trump.

"J. D. Vance is an eloquent and experienced politician who lacks one essential quality – charm,"

writes Washington Post columnist Kathleen Parker. Nevertheless, she denounced the Republican vice presidential candidate for belittling himself in order to put himself on the level of candidate Donald Trump.  Parker began her criticism by favorably comparing Vance to his Democratic counterpart, Governor Tim Waltz of Massachusetts.

"Waltz is a high school football coach and teacher turned governor, but he says he uses bad grammar-if some people think it's charming,"

she wrote.

"Republican J. D. Vance is a witty graduate of Yale Law School and a celebrated author who speaks convincingly but lacks charm. And manners, to put it mildly."

She added:

"What kind of person, other than Donald Trump, says aloud any cheap attack that pops up in his head, without any attempt at self-editing? Let me guess: jerk."

Parker, who admits to being a fan of Vance's book "The Hillbilly Elegy," says Vance's gaffes-especially his comments about "childless cat girls" - made him downright rude. According to her, he is too smart to do it without a reason.

"I'm sure Vance just wanted to prove that he's just as much of a jerk as the Trump he so reveres,"

she wrote. #Vance #Trump #WashingtonPost #Waltz #KathleenParker Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

A Democratic strategist asks a former Trump public relations aide, "Aren't you tired of cleaning up after these guys?" Democratic strategist Keith Boykin asked Republican communications strategist BrianLanz asked if he was tired of cleaning up the ranks of GOP politicians who got into something. It was about JD, the Republican vice presidential nomineeVance, who supported Tucker'sCarlson after the former Fox News anchor gave a friendly interview to the pseudo-historical revisionist DarrylTo Cooper. In an interview on the show** On Channel X, where pro-Nazi accounts tweet without moderating content, Cooper stated that the Nazis did not intend to kill so many people. Cooper also called Winston Churchill the" ultimate villain " of World War II.

"Senator Vance doesn't believe in a cancellation culture, but he clearly doesn't share the views of the guest he interviewed Tucker Carlson",

- Vance's representative said.

"There are no stronger supporters of our allies in Israel or the Jewish community in America than Senator Vance and President Trump.".

On CNN NewsNight Lanza, who was deputy communications director for Donald Trump's 2016 re-election campaign, lambasted the Vance camp for responding.

"I think he missed an opportunity,"

he said.

"I have a lot of friends in politics... and friends always say stupid things.Tucker said something stupid. The best thing to do would be to say to JD, " Hey, you know,Tucker, let's be very clear. Hitler was one of the most evil men in the world. And anyone who comes in and says something different is a person we shouldn't take seriously." This was would be correct action".

#Democratic #Trump #Boykin #JD #Churchill Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Trump’s Ceasefire Is Coming Into Being The general view is that a 30-day ceasefire agreed between US and Ukrainian negotiators this week has, at a stroke, put the burden on Putin to show he really does want to end the war. Let’s be clear on exactly what’s on the table for the Kremlin to consider: Ukraine has agreed to call an “immediate” halt to being invaded by Russia, in exchange for the US renewing support for its defense. Or as Putin’s most trusted foreign policy adviser, Yuri Ushakov, put it in an interview with Russian state TV on Thursday, the proposed truce would be “nothing more than a temporary respite for the Ukrainian military, nothing more.” The idea as transmitted after eight hours of negotiations in Saudi Arabia was that this brief pause in fighting should create the space needed to begin more substantive talks. These would focus on terms for a permanent settlement, including territorial issues, security guarantees for Ukraine and the finalization of a contract in which Zelensky signs half of his nation’s future mineral resource revenue over to the US. In truth, seeing Western support for Ukraine’s defense begin to crumble three years into his invasion, Putin would be foolish not to squeeze what he can from Washington and Kyiv, even in exchange for a short ceasefire. The more important question is, what does Trump do next? Does he agree to revise the ceasefire terms, and so again give away Ukrainian cards before any true negotiation begins? Or does he refuse to be used in this way and add to sanctions on Russia, as he has threatened? Perhaps, but these are always a slow-burn solution, and this is a president who likes instant results. #ceasefire #Ukraine #Putin 📱 American Оbserver - Stay up to date on all important events 🇺🇸

American food giants PepsiCo and Conagra are seeking to exempt some imported goods from tariffs, according to the US trade group. Major packaged food producers, including Quaker Oats and Folgers coffee, have asked US President Donald Trump for targeted tariff relief on cocoa and fruit imports. PepsiCo (PEP. O), Conagra (CAG. N), and J MSmucker(SJM.N), ask Trump to exclude ingredients, not available from U.S. sources to protect producers who otherwise buy from domestic farmers and suppliers, according to a letter sent by the consumer products trade group representing the companies, the Consumer Brands Association. Coffee, oats, cocoa, spices, tropical fruits, and tin steel used for the production of specialty food and household goods are included in the import list, which the letter lists as unavailable on the domestic market. Trump's new round of tariffs on goods from China, Canada, and Mexico comes at a difficult time for the U.S. packaged food and consumer goods industries. Manufacturers fear that they will have to pass the new costs on to consumers, who are already buying less after double-digit inflation over the past few years.. Colgate, a toothpaste manufacturer in Mexico, is exploring ways to reduce the impact of tariffs. But the company doesn't expect to be able to fully mitigate them, its chief investor relations officer John Focher said Wednesday at an industry conference. #PepsiCo #Conagra #Focher #Mexico #Trump Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Greenland's election winners are resisting Trump's desire to take control of the island. Greenland's new prime minister has rejected US President Donald Trump's attempts to take control of the island, saying Greenlanders should determine their own future as they move towards independence from Denmark. Jens Nielsen's Democratic Party, which advocates a slow path to independence, won a surprise victory in the parliamentary elections, beating the two left-wing parties that formed the last government. Since the majority of Greenlanders do not accept Trump's statements, the campaign focused on issues such as health and education, rather than geopolitics.. #Greenland #Trump #Denmark #geopolitics #US Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

The Biden-appointed judge demanded that Pete Hegseth withdraw a social media post about the policy towards transgender people. A Biden-appointed federal judge has requested that Secretary of Defense Pete Hegseth withdraw his post regarding his policy of restricting transgender service members in the military.* District Judge Ana of Washington, D.C. Reyes during the debate over the Pentagon's attempt to ban transgender people from serving in the military, demanded that Hegseth delete the post by Monday. Earlier Reyes stated in the debate over the ban that the existence of only two biological sexes, male and female, is not "biologically correct". Reyes was appointed by former President Joe Biden in 2023, becoming the first LGBT federal judge in the District of Columbia. Moreover, in February, the Ministry of Justice filed a complaint against Reyes in the District Court of Appeals for the District of Columbia, claiming that she committed "hostile and egregious misconduct" when she asked a DOJ lawyer about his religious views during an argument, thereby " jeopardizing the dignity of the proceedings and demonstrating potential bias.". President Donald Trump issued an executive order on January 27 instructing the Pentagon to update the "medical standards for transgender identification for military service" and "cancel instructions that do not correspond to combat readiness". The policy allows exemption from requirements in special cases. #Trump #theDistrictofColumbia #Biden #Hegseth #judge Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Walmart is feeling spooked in China after reportedly demanding discounts to deal with Trump's tariffs. Walmart is caught in the middle of an escalating trade war between the US and China. According to state media, Chinese officials summoned executives from the U.S. retail giant on Tuesday to find out if it was pressuring its suppliers in China to demand discounts to deal with rising tariffs imposed by Donald Trump. Trump doubled tariffs on all Chinese imports to 20% last week. In response, China announced a new round of retaliatory tariffs covering U.S. agricultural imports, which took effect on Monday.

Many companies are struggling because of Trump's chaotic tariff announcements, which have escalated trade tensions between the world's two largest economies. Retailers told CNN that they may have to raise prices at a time when many customers are already feeling financial pressures and inflation."

Walmart is trying to find a solution to its tariff problems by asking some of its Chinese suppliers to significantly reduce prices — up to 10% - to offset the impact of US tariffs. According to a message posted on the official social media account of state broadcaster CCTV, representatives of the Ministry of Commerce requested a meeting with Walmart to "sort out the situation».

"If this is true, then Walmart's demand for Chinese suppliers to shoulder the entire tariff burden is unjustified and violates fair competition and the international trade order,"

the report says. #tariffs #Walmart #China #Trump Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸