Tag Archives: Hugh Cameron

Newsweek: White House is “full of lunatics” says economist

Posted on by
Reply

A leading economist has said the White House is “full of lunatics” as debates over the legality of President Donald Trump‘s sweeping tariff plans have resulted in a federal court showdown.

On Thursday, the U.S. Court of Appeals for the Federal Circuit paused a previous ruling from the Court of International Trade (CIT) in Manhattan, which argued that Trump had overstepped his executive authority in imposing the majority of his tariffs.

Commenting on the muted market reaction to these two developments, Justin Wolfers, a professor of economics and public policy at the University of Michigan, said investors had already reconciled themselves to the fact that the current administration is “out of control.”

White House is “full of lunatics” says economist
Professor Justin Wolfers said investors had already grown numb to the actions of the “out of control” administration.

Newsweek: ‘We Currently Have No Container Ships,’ Seattle Port Says

Posted on by
Reply

Another shipping port official voiced concern about the drastic decline in imports as a result of President Donald Trump‘s tariffs.

“I can see it right over my shoulder here, I’m looking out at the Port of Seattle right now, and we currently have no container ships at berth,” Seattle port commissioner Ryan Calkins told CNN on Wednesday.

…

Several port authorities have observed a similar drop in cargo volumes over the past few weeks, warning that such a decline could have significant and adverse effects on consumers—who may face rising prices and limited product availability—as well as the supply chain-linked sectors of the U.S. economy.

Calkins told CNN that the current situation would impact the job security of longshoremen and those dealing directly with the freight, as well as industries responsible for transporting imports nationwide.

“And that’s hundreds of jobs right here in our region and across the country,” he said, adding that his port had not witnessed such a significant downturn in activity since the height of the COVID-19 pandemic.

‘We Currently Have No Container Ships,’ Seattle Port Says
Seattle port commissioner Ryan Calkins described the decline in activity as “a stark reminder” of the impact of tariffs.

https://www.msn.com/en-us/money/markets/we-currently-have-no-container-ships-seattle-port-says/ar-AA1EozjS