Tag Archives: Japan

Associated Press: US and global economic outlook deteriorates in Trump trade war, IMF says

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The outlooks for the U.S. and global economies have significantly worsened in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday.

The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest World Economic Outlook. And in 2026, global growth will be 3%, the fund predicts, also below its previous 3.3% estimate.

US and global economic outlook deteriorates in Trump trade war, IMF says
WASHINGTON (AP) — The U.S. and global economies will likely slow significantly in the wake of President Donald Trump’s tariffs and the uncertainty they have created, the International Monetary Fund said Tuesday. The IMF said that the global economy will grow just 2.8% this year, down from its forecast in January of 3.3%, according to its latest Wor…

https://www.msn.com/en-us/money/markets/us-global-economic-outlook-worsens-in-the-face-of-trump-s-tariffs-imf-says/ar-AA1Do9li

Raw Story: ‘The president is in a hell of a pickle right now’ with little way out: Axios founder

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During a break from discussing the Donald Trump administration’s growing battle with the judiciary, Axios founder Jim VandeHei reminded the panel on MSNBC’s “Morning Joe” that the president has a lot on his plate right now with problems of his own making.

According to the Washington insider, Trump’s tariff war has done what appears to be irreparable damage to the reputation of the U.S. and he has put himself into a box he can’t escape from to get the economy back on track.

All I can say is, “Stupid is as stupid does!”

‘The president is in a hell of a pickle right now’ with little way out: Axios founder
During a break from discussing the Donald Trump administration’s growing battle with the judiciary, Axios founder Jim VandeHei reminded the panel on MSNBC’s “Morning Joe” that the president has a lot on his plate right now with problems of his own making. According to the Washington insider, Trump’s tariff war has done what appears to be irreparabl…

https://www.msn.com/en-us/news/politics/the-president-is-in-a-hell-of-a-pickle-right-now-with-little-way-out-axios-founder/ar-AA1D2lBw

Mediaite: The Wall Street Journal Torches Trump for ‘Hurting His Own Cause and Country’ Instead of China: ‘Making It Up as He Goes’

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The Wall Street Journal continued its assault on President Donald Trump’s trade policy in a new editorial questioning if he even has a “China trade strategy.”

“It’s all going according to plan, says the White House, and you almost have to smile at this spin in trying to sell President Trump’s partial tariff reversal this week as a triumph,” began the Journal in its opening salvo. “The reality is that Mr. Trump is making it up as he goes, and it would help if he had an actual strategy to deal with China in particular.”

After noting that Trump has escalated his trade war with China, it went on to submit that it isn’t clear whether the administration seeks “complete decoupling” or a “trade deal” with the Chinese.

The Wall Street Journal Torches Trump for ‘Hurting His Own Cause and Country’ Instead of China: ‘Making It Up as He Goes’
The Wall Street Journal continued its assault on Donald Trump’s trade policy in a new editorial questioning if Trump even has a “China trade strategy.”
The Wall Street Journal Torches Trump for ‘Hurting His Own Cause and Country’ Instead of China: ‘Making It Up as He Goes’

US Mirror: Major EU nation turns to China as new plan with Beijing emerging to counter Trump tariffs

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Who needs the U.S.? If push comes to shove, the rest of the world will just pass us by.

Spanish Prime Minister Pedro Sánchez made his way to Asia for a diplomatic trip in a recent push considering options away from the United States after President Donald Trump’s tariffs on the European Union went into effect.

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Sánchez landed in Hanoi, Vietnam on Wednesday, where he will meet To Lam. On Thursday, he will meet top business leaders to replenish commercial ties between Vietnam and Spain.

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Sánchez is then scheduled to head over to China on Friday to meet President Xi Jinping and other Chinese investors, marking his third visit in two years.

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Sánchez is the first EU leader to strengthen ties with China in a move that could encourage the rest of Europe to follow suit.

https://www.msn.com/en-us/news/world/major-eu-nation-turns-to-china-as-new-plan-with-beijing-emerging-to-counter-trump-tariffs/ar-AA1CAEnW

Irish Star: Trump suffers mental collapse after ‘senile’ moment on stage in the middle of live Liberation speech

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During his Liberation Day address, President Donald Trump appeared to unravel on live TV, bizarrely insisting that more than 90% of Japanese cars are made in Japan.

Despite moving on with his speech, one listener managed to point out the flub. “90% of Japanese cars are made in Japan. Lol,” one person wrote on Twitter. “Trump is too old and senile but maga eat up everything he says.”

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In addition to his numbers flub, Trump reportedly left the stage after his speech and had to be escorted back to the dais in order to sign the bill that placed the tariffs in effect at midnight. In the video, the 78-year-old president can be seen smiling and waving to the assembled crowd before walking off and chatting with another official who points him back to the desk.

Trump suffers mental collapse after ‘senile’ moment during Liberation speech
During his Liberation Day address, President Donald Trump appeared to unravel on live TV, bizarrely insisting that more than 90% of Japanese cars are made in Japan.

https://www.irishstar.com/news/us-news/trump-suffers-mental-collapse-after-34983204

Yahoo! Finance: US forges ahead with 104% tariffs on China, says willing to talk to other countries

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This is simply insane!

The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the Trump administration moved to quickly start talks with other trading partners targeted by President Donald Trump’s sweeping tariff plan.

U.S. stocks retreated on the news….

Stocks slide again as US forges ahead with 104% tariffs on China
WASHINGTON/BEIJING (Reuters) -The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the administration of President Donald Trump moved to quickly start talks with other trading partners targeted by sweeping tariffs. S&P 500 companies have lost $5.8 trillion in stock market value since Trump’s tariff announcement last Wednesday, the deepest four-day loss since the benchmark was created in the 1950s, according to LSEG data.

https://finance.yahoo.com/news/china-criticises-trump-tariff-blackmail-025526063.html

Deccan Herald: The world suddenly has a plausible alternative to US treasuries

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Bond traders will be trying to gauge who blinks first, will it be the Fed or President Trump? If both stick to their current stance every Treasury auction is a landmine which investors will fear stepping in to.

Yields on the benchmark 10-year Treasury have tumbled about 40 basis points this year, briefly pushed below 4% Monday by President Donald Trump’s barrage of tariffs that economists say raise the risk of a recession.

In contrast, comparable rates in both Europe and Japan have gone up. In Germany, the 10-year bund at 2.61% reflects the prospect of a flood of bond issuance as the government ramps up defense spending. Meanwhile, the rate on 10-year Japanese bonds has soared after spending years around zero and is now around 1.25% as investors brace for tighter monetary policy there.

While both are still well below Treasury yields, they’re at levels that makes them look more attractive than Treasuries to European and Japanese investors who hedge their dollar exposure when buying US securities. That might entice investors to shift allocations to their home markets, where the policy outlook appears more stable.

Global Finance Shift: Emerging Alternative to US Treasuries
Global Finance Update: Explore the new viable alternative to US treasuries that’s capturing global attention.

https://www.deccanherald.com/world/the-world-suddenly-has-a-plausible-alternative-to-us-treasuries-3483968

New York Post: Elon Musk rips ‘moron’ Trump trade adviser Peter Navarro: ‘Dumber than a sack of bricks’

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It’s a dog-eat-dog world, and it’s always entertaining to see the mutts chewing on one another. “Dumber than a sack of bricks” applies equally to F’Elon Musk as well as to Peter Navarro.

Musk, 53, responded Tuesday to the trade adviser’s suggestion on CNBC’s “Squawk Box” Monday that the Tesla boss was “not a car manufacturer” but “a car assembler,” pointing to the electric vehicle company’s importing of batteries and other key components to manufacture its cars. 

“Navarro is truly a moron. What he says here is demonstrably false,” Musk wrote on X, adding in a subsequent post in which he tagged the “Re—d Finder”: “Tesla has the most American-made cars. Navarro is dumber than a sack of bricks.”

Elon Musk rips ‘moron’ Trump trade adviser Peter Navarro: ‘Dumber than a sack of bricks’
Billionaire Elon Musk escalated his attacks against White House trade adviser Peter Navarro Tuesday, calling him a “moron” and “dumber than a sack of bricks.”

https://nypost.com/2025/04/08/us-news/elon-musk-rips-moron-trump-trade-adviser-peter-navarro

The Independent: Under Trump, 80 years of collective security have been dismantled in as many days

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The Atlantic Alliance used to believe it had liberal democratic values in common and a shared interest in collective security and free trade. That, thanks to the US president, is no longer true. Europe must adjust to this altered reality, or die.

It may be that the US’s tilt to the Kremlin, accompanied by the twin-track diplomatic and trade wars now being waged on friends and allies, will before long drive Europe to stand on its own two feet and be the independent force in world affairs that the founding fathers of the project of European unity dreamed about. At long last, Europe begins to assert itself. To borrow a famous phrase from a happier era of US-European relations, Europe, like president Barack Obama, is saying: “Yes we can.”

The “coalition of the willing” (or “coalition of action”, as French president Emmanuel Macron prefers to call it) is a concrete example of this emerging European consciousness. The project is to provide a safe and secure future for Ukraine, irrespective of what Russia or the US might desire. Russia is rightly distrusted, while there is still hope that the Americans can contribute in some way to keeping the peace in Ukraine – and in Europe more widely.

Under Trump, 80 years of collective security have been dismantled in as many days
Editorial: The Atlantic Alliance used to believe it had liberal democratic values in common and a shared interest in collective security and free trade. That, thanks to the US president, is no longer true. Europe must adjust to this altered reality, or die

Under Trump, 80 years of collective security have been dismantled in as many days | The Independent

Washington Post: Trump’s shocking military plan leak epitomizes a sloppy operation

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The second Trump administration has clearly made a decision to move fast and break things. Largely gone are the establishment Republican figures and steady hands that sometimes resisted President Donald Trump during his first term. In their place are a bunch of people with less subject-matter and governmental experience but with the zeal of MAGA true believers, eager to implement Trump’s complete governmental overhaul and to bust through the traditional guardrails in the process.

The result is a very — and increasingly — sloppy first two months, by any objective measure.

The big headline Monday was that top Trump national security officials shared sensitive military plans for impending strikes on Yemen’s Houthi rebels with the editor in chief of the Atlantic. The White House confirmed to The Washington Post that the editor was inadvertently included in the messages.

The editor, Jeffrey Goldberg, was added to the string of messages on Signal, an open-source encrypted messaging service. The group included the names of prominent administration figures, such as national security adviser Michael Waltz, Secretary of State Marco Rubio, Defense Secretary Pete Hegseth and Vice President JD Vance, all strategizing about the impending attacks.

The messages were sent before the strikes began last weekend and previewed almost precisely when they ultimately took place.

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Trump’s shocking military plan leak epitomizes a sloppy operation