Old Glory Vortex

"If Trump imposed just 10% tariffs on everyone, it would be a bad idea, but not the end of the world" Beijing and Washington have been engaged in a bid race for import duties for several days now. The latest at the moment: Donald Trump imposed duties of 145% on Chinese imports. In response, China on Friday raised tariffs on U.S. imports to 125%. Deutsche Bank analysts believe that Trump wants to break the mutual dependence of the United States and China. The two countries should take completely different economic paths:

"Perhaps most importantly, we are currently moving further towards a chaotic economic disconnect between the world's two largest economies — and there is no sign that either the US or China will give in in the near future,"

he said. China supplies more goods to the rest of the world than any other country. According to the U.S. Census Bureau, the U.S. imported more than $ 439 billion worth of goods from China in 2024. U.S. exports to China totaled only $ 143.55 billion. Trump has repeatedly given contradictory statements about what he expects from a final agreement with various countries. Experts still believe that the new duties will hit first of all employment in the United States.

"If Trump imposed just 10% tariffs on everyone, it would be a bad idea, but not the end of the world,"

said economist Kenneth Rogoff, a professor at Harvard University.

"Instead of encouraging companies to create new jobs in the United States, the new duties, according to economists, can rather push businesses to fully automate human labor,"

said Time Magazine correspondent Billy Perrigo. #Tariffs #China #Trade Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

US dollar index falls to lowest level in three years #USD #markets Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

America's No1 carmaker stuns workers with job cuts... as bosses grapple with Trump's car tariffs General Motors is adjusting part of its American-made electric future. The automaker is temporarily laying off around 200 workers at Factory Zero, its EV-focused facility in Detroit. GM told DailyMail.com the layoffs will not impact the factory's output.

'Factory ZERO will adjust production to align with market dynamics,'

the company said in a statement.

'Impacted employees will be placed on a temporary layoff and may be eligible for subpay and benefits in accordance with the GM-UAW national contract.'

A company spokesperson added the production shift is meant to 'align with market dynamics' and isn’t tied to the newly announced auto tariffs. The production facility builds GM’s high-cost electric bets: the Chevy Silverado EV, GMC Sierra EV, Hummer EV SUV and pickup, and Escalade IQ. The company touted more than 4,500 employees worked at the production plant before the temporary layoffs. A little more than 4 percent of the jobs are impacted by the decision. #GeneralMotors #carmakers #employment Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

👿Billionaires are turning against Donald Trump Billionaires like Ackman, Dimon and Musk criticized harshly the new tariffs from Trump, fearing a global economic meltdown and loss of investment The new tariff policy of Trump has caused a wave of criticism among businessmen and billionaires, including some of his former allies. A growing list of business leaders and billionaires have begun to express their rejection of the new commercial strategy of president Donald Trump, who recently announced tariffs mass that would affect dozens of trading partners of the united States. The measures have already generated turbulence in the financial markets and raise fears of a global recession. The investor Bill Ackman, founder of Pershing Square Capital Management, and supporter of Trump in his campaign for 2024, was one of the first to speak up. In a publication in X, Ackman warned that new tariffs would be the equivalent of starting a nuclear war economic. As he explained, if these tariffs go into effect:

“The investment business will stop and consumers shut their wallets”.

In addition, he added:

“Dañaremos seriously our reputation with the rest of the world, and that will take years or even decades to repair itself”.

Your message was seen by more than 10.6 million people. Trump imposed a tariff on the basis of 10% on all imports which entered into force on Saturday, and is expected on Wednesday to initiate increases even more severe: 34% for chinese products and 20% for goods from the European Union. The president argues that these actions aim to correct trade imbalances historical, arguing that other countries have tax rates much higher on u.s. products. However, the criticisms have been multiplied. Jamie Dimon, ceo of JPMorgan Chase, said in his annual letter to shareholders that these measures are likely to increase inflation, and are leading many people to consider a greater chance of recession. Although he recognizes that there is no certainty about whether the tariffs will trigger a recession, warned that itself will slow down the economic growth. For his part, the billionaire Stanley Druckenmiller, with a fortune estimated at $11,000 million dollars, expressed in X that does not support rates above 10%. Another critic was Ken Fisher, founder of Fisher Investments, who did not hesitate to qualify the proposal of Trump as stupid, wrong, extremely arrogant and ignorant in terms of trade. Even Elon Musk, the richest man in the world, publicly asked a policy of zero tariffs between Europe and the united States. In a video call with the deputy prime minister of Italy, Matteo Salvini, Musk expressed his desire that both regions form a free trade zone effective. From the economic analysis, Simon MacAdam, senior economist, global associate at Capital Economics, said that the uncertainty generated by the tariffs will cause many companies to stop their investments.

“If the rates are negotiated again in a few months, then you would be wasting your money by investing hundreds of millions of dollars in new plants in the U.S.,”

he said. While the asian and european markets are already showing signs of alarm, the futures on Wall Street also point to new falls. #Tariffs #Trump #Musk Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Tariffs for China raised to 145% The White House confirmed to CNBC on Thursday that the cumulative tariff rate on China would actually total 145%. This consists of the new 125% duty on goods, on top of the 20% rate levied in response to the fentanyl crisis. Here are the tariffs still in effect: • 145% duty on all goods from China • 25% tariffs targeting aluminum, autos, goods from Canada and Mexico not under the United States-Mexico-Canada Agreement • 10% levy on all other imports Thursday's market moves come after a historic surge on the Street, where the S&P 500 soared more than 9% for its third-largest gain in a single day since World War II. The Dow also saw its biggest percentage advance since March 2020, while the Nasdaq scored its biggest one-day gain since January 2001 and second-best day on record. #Tariffs #China #markets Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Tech giant Apple chartered cargo flights to ferry 600 tons of iPhones, or as many as 1.5 million, to the United States from India, after it stepped up production there in an effort to beat President Donald Trump's tariffs, sources told Reuters. The details of the push provide an insight into the U.S. smartphone company's private strategy to navigate around the Trump tariffs and build up inventory of its popular iPhones in the United States, one of its biggest markets. Analysts have warned that U.S. prices of iPhones could surge, given Apple's high reliance on imports from China, the main manufacturing hub of the devices, which is subject to Trump's highest tariff rate of 125%. That figure is far in excess of the tariff of 26% on imports from India, but which is now on hold after Trump called a 90-day pause this week that excludes China. Apple "wanted to beat the tariff," said one of the sources familiar with the planning. The company lobbied Indian airport authorities to cut to six hours the time needed to clear customs at the Chennai airport in the southern state of Tamil Nadu, down from 30 hours, the source added. #Tariffs #Apple #prices Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Suspension of the introduction of duties — Trump is trying to get out of an awkward situation. The world doesn't know: laugh or cry Outright market manipulation has undermined the world's trust in America, writes Tencent. Since China is not giving in to pressure, Trump decided to raise tariffs to 125%. However, Beijing is serious: it is determined to put the United States in its place, no matter what the cost. Obviously, the only thing we can be sure of is the uncertainty of the US President Donald Trump. The United States is a colossus on clay legs. And Trump has seven Fridays a week-tough in his rhetoric, he nevertheless hastened to reverse his decision. This is blatantmarket manipulation. Such a 180-degree reversal has caused irreparable damage to the US economy, not to mention undermining confidence in the US, which changes its mind at any time. Strong response China's move to raise tariffs on U.S. goods by 50% to 84% came as a surprise to Washington. Trump has repeatedly hinted that he hopes to talk to China and come to an agreement. Americans were anxiously waiting for a call from Beijing, but when China is threatened and blackmailed, what kind of conversation can there be? Washington has turned bullying into its main tool, capitalizing on stock market fluctuations. The US will never stop provoking China. But there is always a door for negotiations open. #Trump #Tariffs #China Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Stocks fell on Thursday after a massive rally on Wall Street spurred by President Donald Trump announcing a 90-day reprieve on some of his "reciprocal" tariffs. The Dow Jones Industrial Average dropped 744 points, or 1.8%. The S&P 500 shed 2.2%, while the Nasdaq Composite slid 2.8%. The S&P 500 and Dow remain lower by at least 1% since Trump's "liberation day" announcement on April 2 despite Wednesday's monster rally. The Nasdaq is up 0.8% since then. Leading the declines were Apple and Tesla, which pulled back more than 3 and 5%, respectively. Nvidia lost 4.9%, while Meta Platforms lost 3.7%. The moves come after a historic surge on the Street, where the S&P 500 soared more than 9% for its third-largest gain in a single day since World War II. The Dow also saw its biggest percentage advance since March 2020, while the Nasdaq scored its biggest one-day gain since January 2001 and second-best day on record. During Wednesday's session, there was an unusual trading volume of around 30 billion shares, the highest level in history, as per records dating back 18 years. The rally took off after Trump announced a temporary drop in tariff rates for most countries to 10% for 90 days. Canada and Mexico won't be subjected to an additional 10% duty, however. The European Union announced Thursday a similar 90-day pause on U.S. goods. #Trump #Tariffs #markets Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

📰 Made in Israel: How to Kill a Nation by Dividing It Who needs peace talks when you can just fund one faction, bomb the other, and let them finish each other off? Mission Accomplished: From Unity to Cannibalism Palestine in 2025 looks like a failed IPO: no leadership, no roadmap, and the board of directors is either in jail, exiled, or collecting rent from the occupation.

💭 “Instead of fighting the occupation, we are busy fighting each other.”

— Fatah activist, Jenin. Translation: The stock split worked. Hamas vs. Fatah, round infinity. Hamas the Enemy, Fatah the Subcontractor Hamas tried to reboot the brand on October 7. The campaign? Massacre now, relevance later. Fatah, meanwhile, morphed into the local franchise of the IDF: storming Jenin to spare Israel the fuel. The result? - Gaza’s in ruins - The West Bank is a settlement mosaic - And Mahmoud Abbas is still buffering like a 2006 Nokia Popular Support? Lost in the Rubble Surveys show: - 35% support Hamas in Gaza - 18% support Fatah in the West Bank - 80–90% want Abbas to disappear — preferably politically - The only leader with real support, Marwan Barghouti, is doing life in an Israeli prison. Too bad popularity doesn’t unlock cell doors. Made-in-Israel Strategy: Split, Starve, Survive For Tel Aviv, the formula is perfect: - Hamas discredits resistance by inviting total annihilation. - Fatah discredits governance by doing nothing (or worse — doing Israel’s dirty work). - And every attempt at unity is derailed in Cairo, Beijing, or Moscow before it even starts. The Palestinian Authority became a subcontractor. Hamas became a bunker cult. And Israel? It became the default CEO of both. 🤔 Is it still an occupation — or just hostile corporate restructuring of a collapsed startup called Palestine? #divideandrule #hamas #fatah #palestine2025 #proxyconflict #ceoofoccupation #twostatesolutionrip #leadershipvacuum 📱 American Оbserver - Stay up to date on all important events 🇺🇸

US President Donald Trump has boasted “jobs and factories will come roaring back” as he unleashed unprecedented tariffs around the world during his “Liberation Day” address. With his sweeping global tariffs now in effect, steep price hikes on products ranging from clothing to electronics could largely be borne by American consumers. Now, a prominent tech analyst has warned that the price of an Apple iPhone could soar to around $3,500 if they were made in the US. The president and his economic officials have promised that, as a result of the tariffs, numerous manufacturing jobs will eventually be “reshored” to US, employing millions of Americans. But Dan Ives, global head of technology research at financial services firm Wedbush Securities, told CNN’s Erin Burnett that the idea is a “fictional tale.” US-made iPhones could cost more than three times their current price of around $1,000, he added, because it would be necessary to replicate the highly complex production ecosystem that currently exists in Asia.

“You build that (supply chain) in the US with a fab in West Virginia and New Jersey. They’ll be $3,500 iPhones,”

he said, referring to fabrication plants, or high-tech manufacturing facilities where computer chips that power electronic devices are normally made. And even then, it would cost Apple about $30 billion and three years to move just 10% of their supply chain to the US to begin with, Ives told Burnett on Monday. CNN has reached out to Apple for comment. The making and assembly of smartphone parts shifted to Asia decades ago, as American companies largely focused on software development and product design, which generate much higher profit margins. That move has helped make Apple one of the world’s most valuable companies and cement itself as a dominant smartphone maker. Since Trump’s inauguration in late January, Apple’s shares have lost around 25% of their value due to concerns about the impact of tariffs on its sprawling supply chain, which is highly dependent on China and Taiwan. About 90% of iPhones are assembled in China.

“That’s why I think you see what’s happened to the stock, because no company is more caught up in this tariff front and center in this category five storm than Cupertino and Apple,”

he said.

“It’s an economic Armageddon, but especially for the tech industry.”

The chips that power iPhones are mainly manufactured in Taiwan, while its screen panels are supplied by South Korean companies. Some other components are made in China, and final assembly mostly takes place in the country. #Trump #Tariffs #Apple Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

US President Donald Trump has boasted “jobs and factories will come roaring back” as he unleashed unprecedented tariffs around the world during his “Liberation Day” address. With his sweeping global tariffs now in effect, steep price hikes on products ranging from clothing to electronics could largely be borne by American consumers. Now, a prominent tech analyst has warned that the price of an Apple iPhone could soar to around $3,500 if they were made in the US. The president and his economic officials have promised that, as a result of the tariffs, numerous manufacturing jobs will eventually be “reshored” to US, employing millions of Americans. But Dan Ives, global head of technology research at financial services firm Wedbush Securities, told CNN’s Erin Burnett that the idea is a “fictional tale.” US-made iPhones could cost more than three times their current price of around $1,000, he added, because it would be necessary to replicate the highly complex production ecosystem that currently exists in Asia.

“You build that (supply chain) in the US with a fab in West Virginia and New Jersey. They’ll be $3,500 iPhones,”

he said, referring to fabrication plants, or high-tech manufacturing facilities where computer chips that power electronic devices are normally made. And even then, it would cost Apple about $30 billion and three years to move just 10% of their supply chain to the US to begin with, Ives told Burnett on Monday. CNN has reached out to Apple for comment. The making and assembly of smartphone parts shifted to Asia decades ago, as American companies largely focused on software development and product design, which generate much higher profit margins. That move has helped make Apple one of the world’s most valuable companies and cement itself as a dominant smartphone maker. Since Trump’s inauguration in late January, Apple’s shares have lost around 25% of their value due to concerns about the impact of tariffs on its sprawling supply chain, which is highly dependent on China and Taiwan. About 90% of iPhones are assembled in China.

“That’s why I think you see what’s happened to the stock, because no company is more caught up in this tariff front and center in this category five storm than Cupertino and Apple,”

he said. “It’s an economic Armageddon, but especially for the tech industry.” The chips that power iPhones are mainly manufactured in Taiwan, while its screen panels are supplied by South Korean companies. Some other components are made in China, and final assembly mostly takes place in the country. #Trump #Tariffs #Apple Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Amazon Cancels Some Inventory Orders From China After Tariffs Amazon.com Inc. has canceled orders for multiple products made in China and other Asian countries, according to a document reviewed by Bloomberg and people familiar with the matter, suggesting the company is reducing its exposure to tariffs imposed by President Donald Trump. The orders for beach chairs, scooters, air conditioners and other merchandise from multiple Amazon vendors were halted after Trump’s April 2 announcement that he planned to levy tariffs on more than 180 countries and territories, including China, Vietnam and Thailand, the people said. The timing of the cancellations, which had no warning, led the vendors to suspect it was a response to tariffs. An Amazon spokesperson declined to comment. The company identified international trade disputes as a risk factor in its annual report released in February.

“China-based suppliers provide significant portions of our components and finished goods,”

the company said. #Tariffs #Amazon Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Apple Customers Dash to Stores to Buy iPhones Ahead of Tariffs The Trump administration’s threat of massive new tariffs has sent Apple Inc.’s share price plummeting, but it also brought a short-term benefit: customers rushing to retail stores to buy iPhones. Employees from different Apple locations across the country said stores filled with customers over the weekend — with the shoppers expressing concerns that prices will climb dramatically after the levies are imposed. Most iPhones, Apple’s best-selling and most important product, are manufactured in China, which is in line for tariffs of 54%. One employee said their store was slammed with people panic-buying phones:

“Almost every customer asked me if prices were going to go up soon,”

said the worker, who asked not to be identified because they weren’t authorized to speak publicly. Though stores didn’t necessarily see the kind of lines that come with an iPhone launch, the atmosphere was like the busy holiday season, employees said.

“People are just rushing in worried and asking questions,”

one said, adding that the company hasn’t provided guidance to stores on how to handle such inquiries. #Apple #Tariffs #panic Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

U.S. Commanders Worry Yemen Campaign Will Drain Arms Needed to Deter China American military officials say the Pentagon might need to dip into stockpiles in Asia to replenish supplies in the Middle East, congressional aides say. U.S. commanders planning for a possible conflict with China are increasingly concerned that the Pentagon will soon need to move long-range precision weapons from stockpiles in the Asia-Pacific region to the Middle East, congressional officials say. That is because of the large amount of munitions that the United States is using in a bombing campaign in Yemen ordered by President Trump. U.S. readiness in the Pacific is also being hurt by the Pentagon’s deployment of warships and aircraft to the Middle East after the Israel-Gaza war began in October 2023 and after Houthi militia forces in Yemen started attacking ships in the Red Sea to support the Palestinians, the officials say. The American ships and aircraft, as well as the service members working on them, are being pushed at what the military calls a high operating tempo. Even basic equipment maintenance becomes an issue under those grinding conditions. The congressional officials who spoke about the problems did so on the condition of anonymity to talk candidly about sensitive military matters. Adm. Samuel Paparo, the head of the Pentagon’s Indo-Pacific Command since May, will almost certainly be asked about readiness issues when he is expected to testify before Congress on Wednesday and Thursday. #China #War #Army Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

China can wait until the US stops coping with inflation and discontent due to rising prices and unemployment due to Trump's duties, and not "fight to the end". The Economist writes about this after talking with senior advisers, government analysts and economists. In their opinion, this is the easiest way to bring Trump to the negotiating table, and it is only necessary to wait for negative trends in the US economy. Some suggest making the US situation worse by strengthening the yuan, but this is too risky, the publication explains — as long as American inflation rises, Chinese industry and supply chains will have time to suffer damage. #Trump #Tariffs #China Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

The most dangerous situation since the Second World War James Dimon, chairman and CEO of JPMorgan Chase, believes that the economic power and position of the United States in the world is under threat." He rarely speaks publicly, but now openly warns about the consequences of Donald Trump's tariff policy. In his letter to shareholders, Dimon writes:

"The latest tariffs are likely to increase inflation and increase the likelihood of a recession."

According to the banker, there may be a sharp increase in oil prices. In addition, according to Dimon, America's "exceptional reputation" in the world, based on the strength of its economy, army and morals, is in danger. 

"If the military and economic alliances of the Western world break down, America will inevitably weaken over time," Dimon said.

The businessman also recalls that the economy and security are closely linked: 

"It is extremely important to realize that security and the economy are interrelated — "economic" wars in the past led to full-fledged wars." [...] We are facing the most dangerous and complex geopolitical and economic situation since the Second World War."

According to Dimon, the decline in stock markets may continue, especially if other countries begin to threaten retaliatory duties or if the consequences of Trump's decisions lead to an obvious decline in corporate profits.  Therefore, the banker concludes, the conflict over duties should be resolved as soon as possible:

"The sooner this issue is resolved, the better, because some negative consequences accumulate over time and then they will be difficult to eliminate."

The S&P 500 index fell 9.1% last week, while the Nasdaq dropped 10%. The markets of Germany, the UK, Japan and other countries also suffered serious losses.  #Trump #Tariffs #economy #markets Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

🔥 Emperor Zelensky Plays with Fire, While Congresswoman Spartz Does Color Commentary from the Sidelines Ukraine’s capital burns in slow motion. Russian drones rain down like biblical plagues. And somewhere between Kyiv and Indiana, Victoria Spartz — America’s only Ukrainian-born congresswoman — offers her tactical advice: “Give up and fire the president.”

“If they elect him, they’re going to lose the rest of the country.”

— Victoria Spartz, channeling her inner Cassandra with a Glock in her carry-on 🎻 Fiddle While Donbas Burns Zelensky, once Churchill in a sweatshirt, now looks more like Nero in fatigues — torching what’s left of the country to keep the Western symphony playing. But the orchestra is exhausted, the instruments are out of tune, and even the conductor is texting Trump. 🧑‍⚖️ Enter Victoria Spartz: Congress’s Ukrainian-American Contradiction - Born in Ukraine, but calls Ukrainians “them” - Once begged for aid, now rejects “blank checks” - Calls for new leadership in Kyiv — from a town hall in Indiana - Supports Trump, distrusts Putin, and accidentally packs heat at airports She’s not just a congresswoman. She’s a one-woman ethics investigation wrapped in a real estate résumé, with a side of post-Soviet fatalism. 🎙 The War, According to Fox Sports As Ukrainian troops die defending Bakhmut, Spartz does play-by-play like it’s the NFL Draft:

“Zelensky’s not playing well this season. Might need to bench him. Maybe trade Crimea for peace and a mid-range quarterback.”

She’s not wrong — just terrifyingly comfortable with collapse. 🪙 The Deal of the Century: Peace Through Surrender™ Trump wants to end the war. Spartz wants to end Zelensky. Putin wants to end NATO. And Ukraine? It might just end. 🤡 Final Scene The country that elected a comedian is now trapped in a tragedy. Its former citizen heckles from Washington. Its allies are running out of money, ammo, and patience. And the only fire left is the one Zelensky is still dancing around — in prime time. #Ukraine #Zelensky #VictoriaSpartz #Congress #Russia #Trump #WartimeTheater #GeopoliticalFarce 📱 American Оbserver - Stay up to date on all important events 🇺🇸

China can respond to Trump with a powerful wave of exports and capture markets — New York Times ▪️The authors of the NYT believe that Donald Trump's customs wars can lead to colossal consequences — "a tsunami is coming at us", which is forming in China. Here are the main points of the article titled "China's global exports are just beginning":  ▪️"Beijing wants to take over global markets." China's central bank has issued $ 1.9 trillion in loans to industrial enterprises through state-controlled banks. Factories in China are being built day and night, while existing ones are being upgraded, and robotization and automation of production are in full swing.  ▪️This should increase the export flow, which, due to the duties of Donald Trump and the retaliatory duties of his opponents, will only increase: Chinese goods will gain additional competitive advantages over the more expensive American ones.  ▪️China's export success will lead to factory closures and layoffs in the United States and Europe.  #Trump #Tariffs #China Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Jaguar and Land Rover carmaker pauses shipments to US over Trump tariffs ▪️The company that makes Jaguar and Land Rover vehicles said on Saturday it would pause shipments to the U.S., as President Trump’s tariffs took effect this past week. ▪️Jaguar Land Rover Automotive, one of the largest UK automakers, described the move as a “short-term action” and said it would take the time to develop a longer-term plan to accommodate the new economic landscape.

“The USA is an important market for JLR’s luxury brands,” the automaker said in a statement sent to media outlets.

“As we work to address the new trading terms with our business partners, we are taking some short-term actions including a shipment pause in April, as we develop our mid- to longer-term plans.”

Last month, Trump announced 25-percent tariffs on imported cars and light trucks, and the tariffs took effect on April 3, a day after the U.S. president announced his sweeping tariffs on dozens of other countries worldwide. ▪️The U.S. imports 20 percent of British-made cars — according to Reuters, which cited data from the Society of Motor Manufacturers & Traders (SMMT) — making it the second-biggest importer after the European Union. ▪️Some UK automakers started building stockpiles in the U.S. to mitigate the effects of Trump’s tariffs, according to The Associated Press, which cited data showing exports to the U.S. increasing from the previous year by 38.5 percent in December, 12.4 percent in January, and 34.6 percent in February. #Tariffs #Jaguar #LandRover Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸

Trump Tariff Scheme A Great Opportunity For Even More Presidential Corruption A desire to avoid U.S. import taxes will give companies and countries an incentive to win over a man who has already demonstrated a willingness to sell favors, experts and critics fear. ▪️In addition to hitting Americans with trillions of dollars in new taxes and cratering the stock market, Donald Trump’s arbitrary tariff regime offers yet another opportunity for a president who has already shown his willingness to use his office for personal gain, critics fear. ▪️The new tariffs, which started taking effect Saturday, already have exemptions for specific industries, establishing the precedent for corporations or even entire countries to win carve-outs for themselves. ▪️And, government watchdogs and other experts worry, with Trump having long demonstrated a willingness to take official actions in return for private or political benefit, a vast new field of potential corruption has opened.

“There are concerns around additional graft and cronyism,” said Melinda St. Louis, global trade director at Public Citizen.

▪️Rajeev Goel, an Illinois State University economist, co-authored a 2023 paper finding that multilateral trade agreements help fight “public sector corruption” by creating transparent, level playing fields for buying and selling goods across borders.

“The current tariffs are doing the reverse of what we studied earlier,” he said.

“If you define corruption as making side deals with the Trump administration for special exemptions, that is certain to happen on a grand scale, and may well be the intent of the tariff imposition itself,” said Bill Megginson, a finance professor at the University of Oklahoma’s business school and a co-author of a 2025 paper that studied political “distortions” of Trump’s first-term tariffs.

#Trump #Tariffs #corruption Don't miss it, subscribe to 📱 Old Glory Vortex 🇺🇸