.png.3b3332cc2256ad0edbc2fe9404feeef0.png.8488ab72b8bb2e508209bfe3211b6e08.png)
-
Recently Browsing 1 member
-
Topics
-
-
Popular Contributors
-
Latest posts...
-
5
potatoes will not sprout
My potatoes from Big C sprout no problem. Stored in a dark cupboard always sprout strongly. However, this is the hot season and probably not the best time to plant in the ground.l -
49
Anutin: Investigation into Bangkok Building Collapse to Take Months
Investigate Anutin cement and Chinese Steele by construction engineers from Europe or the West, problem solved.....😉 -
84
Drunken foreign trouble making thug gets bottle smashed over his head.
It sounds like despite the video evidence of the farang starting it you are trying to blame the Thais? You are consistent. Underlying issues. -
300
Wall Street plummets ,trillions lost
Unless you are really old I doubt you remember much more than I. I'm not going by my memory but by the quality of life as reported by history. With only 3 billion people the world was a far, far better planet to live on than now ( as stated, only for us fortunate enough to be born in the west ). Without even an electronic calculator, people had to develop a working brain and reading books is far better than the mindless garbage they put on tv these sad days. -
26
Thailand Eyes US Arms Deals to Slash Trade Surplus Amid Tariffs
You forget Australia puts a 10 percent gst on maybe that's why -
0
Trump Bets the White House — and GOP Control of Congress — on Tariffs
Trump Bets the White House — and GOP Control of Congress — on Tariffs In a dramatic and risky move, President Trump has thrown his political future — and that of the Republican Party — behind a sweeping new global tariff regime that has already sent shockwaves through the economy. Dubbed “Liberation Day” by the administration, the rollout of massive new tariffs has triggered a market meltdown, wiped out trillions in value, and rattled both allies and adversaries. The numbers are stark. Last Thursday and Friday alone, $6.4 trillion in stock market value evaporated, with many Americans watching helplessly as their retirement accounts and investment portfolios took a 10% hit. The economic pain is compounded by a sense of confusion. Many wonder why, at a moment when Trump was riding high on a string of policy wins and enjoying record approval ratings, he would take such a bold gamble. Indeed, Trump’s second term had been coasting on notable victories: a crackdown on illegal immigration, a government waste audit that vindicated long-standing claims of bureaucratic fraud, and a high-profile campaign to penalize universities accused of tolerating antisemitic behavior. His firm grip on swing states and a strong economy had given Republicans a solid majority in Congress. That momentum has now been put at risk. According to a Wall Street Journal poll conducted before the market crash, voters disapproved of Trump’s economic leadership by 8 points. His handling of inflation was underwater by 15. And as prices begin to climb due to import taxes, and growth forecasts dim, the situation could worsen. JPMorgan now predicts a sharp slowdown in U.S. GDP, warning of a 60% chance of a global recession if tariffs persist. Federal Reserve Chairman Jerome Powell added fuel to the fire, cautioning that tariffs could trigger both higher inflation and reduced growth. Senator Ted Cruz didn’t mince words: “If the tariff war pushes the US into a recession, particularly a bad recession, 2026 in all likelihood politically would be a bloodbath. You would face a Democrat House, and you might even face a Democrat Senate.” Yet despite the backlash, Trump remains undeterred. For him, tariffs are not a detour but the destination — a cornerstone of his America First doctrine. The goal is to revive U.S. manufacturing, shrink the trade deficit, and force global competitors to open their markets to American goods. At a post-election celebration at Mar-a-Lago, Trump hosted CEOs, including SoftBank’s chief, who pledged a $100 billion investment in the U.S. The administration claims the tariffs will generate as much as $700 billion in federal revenue this year — enough, it argues, to help fund tax cuts and other domestic priorities. More importantly, Trump insists the tariffs are about fairness. “Why is that if you go to Tokyo, there’s no American cars, if you go to Berlin, there’s no American cars, but on our streets, we have every foreign car there is?” said White House adviser Stephen Miller. “They’ve blocked their markets from our cars. President Trump is saying that has to end.” Critics accuse the White House of weaponizing tariffs too aggressively and too quickly. Rather than a phased, targeted approach, Trump has opted for a full-scale blitz across virtually all sectors and countries. Some argue this leaves no room for adjustment and threatens to alienate not just adversaries like China but allies in Europe as well. Still, there are signs the strategy might be working. Trump revealed that Vietnam’s leadership, in a call with him Friday, expressed interest in cutting their tariffs to zero in exchange for a broader trade deal. That statement appeared to confirm what many suspected: the tariffs are a bargaining tool as much as a policy in themselves. The reaction from China was swift and furious. Beijing retaliated with its own 34% levy on U.S. goods and accused Washington of “bullying.” But even Trump’s critics admit China’s trade practices — including IP theft, forced tech transfers, and state subsidies — are longstanding and egregious. Europe, while less openly abusive, has its own trade barriers, including agricultural subsidies and high VAT taxes that hit American imports hard. In other words, Trump’s argument about unfair global trade has merit. But whether his methods will achieve the desired outcome — and whether the American economy and political system can withstand the initial blow — is another question entirely. With 19 months until the midterm elections, Trump is betting big. If the gamble pays off, he could solidify his legacy as a transformational economic nationalist. If not, the political and economic fallout could be immense — and swift. Based on a report by The NYP 2025-04-07
-
-
Popular in The Pub
-
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now