Alternet: Trump fiddles while America burns — What we’re left with is a child tyrant’s policies, putting our economic survival in jeopardy.

Originally published April 07, 2025

After markets crashed globally in response to Trump’s tariffs, slipping into bear territory on Monday before wobbling up, down and back up again, the White House issued a tone deaf slapback about Trump’s golf game, saying, “[t]he President won his second round matchup of the Senior Club Championship today in Jupiter, FL, and advances to the Championship Round tomorrow.”

As Americans watch their retirement accounts drop, Trump has spent one-third of his 76 days back in office on the golf course, indicating he couldn’t care less. No one from his administration has faced critical questions about his “Liberation Day” strategy, and it appears Trump used ChatGPT to generate the whole thing.

The Wall Street Journal predicts that market values will likely continue to fall. Neither Navarro nor Trump seem to understand that factory owners can’t switch their locations overnight; investment strategies aren’t that nimble and take years to develop. They’re also tone deaf to the fact that foreign and domestic corporations need the rule of law to invest safely, and are repelled by Trump’s hatchet attacks on judges, lawfirms and the judiciary.

Financial markets, predictably, are reeling. Despite Trump’s false messaging that “tariffs are tax cuts,” everyone outside the MAGA bubble knows tariffs are a regressive tax paid by working-class Americans.

By all indicators, Trump has not considered any of the complexities needed to develop a strategic trade package, and says he “couldn’t care less” about the price of cars. Like a child with a singular focus on his playmate’s toy, Trump has been so fixated on 19th century tariffs and 19thcentury imperialism that rational policy discussions have stopped.

What we’re left with is a child tyrant’s policies, putting our economic survival in jeopardy.

https://www.alternet.org/alternet-exclusives/trump-golf-2671687324

Associated Press: Trump’s big plans on trade and more run up against laws of political gravity, separation of powers

On Wednesday, an obscure but powerful court in New York rejected the legal foundation of Trump’s most sweeping tariffs, finding that Trump could not use a 1977 law to declare a national emergency on trade imbalances and fentanyl smuggling to justify a series of import taxes that have unsettled the world. Reordering the global economy by executive fiat was an unconstitutional end-run around Congress’ powers, the three-judge panel of Trump, Obama and Reagan appointees ruled in a scathing rebuke of Trump’s action.

The setbacks fit a broader pattern for a president who has advanced an extraordinarily expansive view of executive power. Federal courts have called out the lack of due process in some of Trump’s deportation efforts. His proposed income tax cuts, now working their way through Congress, are so costly that some of them can’t be made permanent, as Trump had wished. His efforts to humble Harvard University and cut the federal workforce have encountered legal obstacles. And he’s running up against reality as his pledges to quickly end the wars in Ukraine and Gaza have turned into slogs.

By unilaterally ordering tariffs, deportations and other actions through the White House, Trump is bypassing both Congress and the broader public, which could have given more popular legitimacy to his policy choices, said Princeton University history professor Julian Zelizer.

“The president is trying to achieve his goals outside normal legal processes and without focusing on public buy-in,” Zelizer said. “The problem is that we do have a constitutional system and there are many things a president can’t do. The courts are simply saying no. The reality is that many of his boldest decisions stand on an incredibly fragile foundation.”

https://apnews.com/article/trump-tariffs-judges-courts-setbacks-1864c944c8142f18fd3075d5643bdefc

Moneywise: ‘This is a tragedy’: Mark Carney warns the 80-year period of US economic leadership ‘is over’ — says America is no longer the anchor of global trade. Here’s how to survive the ‘new reality’

Trump’s “Liberation Day” may be the first step in America’s exit from its role as the world’s economic anchor and trusted trade ally. That’s according to Canadian Prime Minister Mark Carney, who didn’t hold back in a press conference shortly after reciprocal tariffs on U.S. autos were announced.

“The system of global trade anchored on the United States … is over,” Carney said during the recent announcement. “The 80-year period when the United States embraced the mantle of global economic leadership … is over. While this is a tragedy, it is also the new reality.”

According to the BBC, world leaders, including EU Commission Chief Ursula von der Leyen and Japan’s Prime Minister Shigeru Ishiba, say the ongoing trade war will have “dire” consequences for millions of people across the world and undermine the global trading system.

The U.S. isn’t just the largest economy in the world, it’s also the largest consumer of goods and services.

https://www.msn.com/en-us/money/markets/this-is-a-tragedy-mark-carney-warns-the-80-year-period-of-us-economic-leadership-is-over-says-america-is-no-longer-the-anchor-of-global-trade-here-s-how-to-survive-the-new-reality/ar-AA1Ew3q9

The Atlantic: The Disturbing Rise of MAGA Maoism

Trump seems to be ceding the future to China while emulating its past.

China may well come to dominate the next century—because President Donald Trump is taking a page from the most famous Chinese leader of the previous one.

The United States remains the world’s preeminent soft power. It’s a financial and cultural juggernaut, whose entertainment and celebrities bestride the planet. But as an industrial power, the U.S. is not so much at risk of falling behind as it is objectively behind already. A recent essay in the journal Foreign Affairs by Rush Doshi and Kurt Campbell, both China experts who served in the Biden administration, made the case with alarming specificity. China makes 20 times more cement and 13 times more steel than the U.S. It makes more than two-thirds of the world’s electric vehicles, more than three-quarters of its electric batteries, 80 percent of its consumer drones, and 90 percent of its solar panels. China’s shipbuilding capacity is several orders of magnitude larger than America’s, and its navy will be 50 percent larger than the U.S. Navy by 2030.

The Trump administration clearly recognizes the need to rebuild industrial capacity. In its executive order published on “Liberation Day,” the White House suggested that, without high tariffs, America’s “defense-industrial base” is too “dependent on foreign adversaries”—a clear allusion to China.

But …

But Trump’s approach to countering China has been so scattershot, so inept, so face-smackingly absurd, that it sometimes seems like covert policy to destroy America’s reputation. Rather than build a global trading and supply-chain alliance to match the scale of China, we’ve threatened to invade Canada and slapped new tariffs on our European and East Asian allies. Rather than invest in scientific discovery, which is the basis of our technological supremacy, the administration threatens to decimate the National Institutes of Health and the National Science Foundation while attacking major research universities, including Harvard and Columbia. Rather than compete on clean energy, the White House has targeted solar and wind subsidies for destruction. Rather than invest in nuclear power by expanding the Department of Energy’s Loan Programs Office, which provides billion-dollar loan guarantees for nuclear projects, the administration dismissed 60 percent of its staff. Rather than secure our reputation as the world’s premier destination for global talent, we’re driving away foreign students.

https://archive.is/j0lGD#selection-673.0-708.0

Raw Story: ‘Blatantly lying’: Economists whack Trump official’s attempt to blame Biden for turmoil

Justin Wolfers, an economist at the University of Michigan, took a far less measured approach to objecting to Bessent’s statement and simply said, “Transparently lying won’t calm markets, businesses, or consumers.”

Non-economists also piled on Bessent’s attempts to blame Biden.

“Lying in such a cartoonishly obvious way comes across as extremely stupid hard to believe he’s this bad at public advocacy for the administration he serves,” observed journalist John Harwood.

“Scott Bessent essentially resorting to ‘I know you are but what am I?'” wrote progressive commentator Matthew Sheffield. “This guy is a total clown.”

Writing on BlueSky, the Daily Kos’s Oliver Willis posted a simple chart showing a boom in manufacturing construction that occurred during Biden’s presidency and said sarcatically, “Look at how hard manufacturing was hit under socialist Sleepy Joe.”

https://www.msn.com/en-us/money/companies/after-tariffs-french-business-lobby-says-it-got-it-wrong-on-trump/ar-AA1CAaFT

Daily Mail: Marjorie Taylor Greene makes stock market play days before tariffs

Trumps Cronies rake in the bucks while the “little people” suffer:

US Representative Marjorie Taylor Greene made hefty trades days before Donald Trump‘s tariffs announcement tanked the stock market.

The MAGA proponent made 15 investments between March 16 and March 24. Her three largest moves were putting hundreds of thousands of dollars towards US Treasury Bills, also know as T-Bills.

On March 16, March 19 and March 24, Greene spent $100,000 to $250,000 per transaction on T-Bills, according to Capitol Trades, a platform devoted to sharing politician trading data. 

The Trump ally invested between $300,000 and $750,000 in Treasuries, according to the filings. 

These massive purchases were sprinkled among multiple smaller ones that spanned from $1,000 to $5,000 in companies including Apple Inc, AbbVie Inc and Costco Wholesale Group. 

Marjorie Taylor Greene makes stock market play days before tariffs