Tag Archives: U.S. economy

Sacramento Bee: ‘Future Impeachment’: WSJ Delivers Warning to Trump

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WSJ columnist Holman W. Jenkins, Jr. criticized tariffs, claiming they came from Trump’s “own confused intuition.” Following a press release termed “Liberation Day,” Trump imposed tariffs that caused the worst market performance since early 2020.

Jenkins said, “A future Trump impeachment seemed all but guaranteed.” He added, “It seems only slightly less likely now. It may even be desirable to restore America’s standing with creditors and trade partners.”

Let us pray for that impeachment!

https://www.msn.com/en-us/news/politics/future-impeachment-wsj-delivers-warning-to-trump/ar-AA1FeNSb

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

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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.

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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

Raw Story: Trump ‘completely botched it’: GOP insider gives no-holds-barred take on president’s move

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According to a former adviser to ex-House Speaker John Boehner (R-OH), Donald Trump will end up paying the price for derailing a U.S. economy that was on the upswing when he took office.

Appearing on MSNBC with host Chris Jansing, GOP insider Brendan Buck hammered the president over his trade war and stated he will have to live with the consequences of the financial instability his tariffs have created.

With Jansing pointing to the new jobs report that shows unemployment stalled at 4.2 percent, she asked her guest, “I wonder if we’re going to see the president taking credit for this in the economy, right after claiming it’s actually Joe Biden’s economy?”

“Yeah, well, the White House already put out a paper declaring a jobs boom today,” the amused Buck replied before quipping, “So yeah, of course. When the GDP numbers go down it’s Joe Biden’s economy. When jobs numbers look good, it’s Trump’s economy.”

Turning serious, he continued, “Look, I think this shows two things. One, as we discussed, Donald Trump inherited an economy that was ready to take off; he didn’t have to do a whole lot to have a really solid economic legacy. But he’s completely botched it through this trade policy.”

Trump ‘completely botched it’: GOP insider gives no-holds-barred take on president’s move
According to a former adviser to ex-House Speaker John Boehner (R-OH), Donald Trump will end up paying the price for derailing a U.S. economy that was on the upswing when he took office. Appearing on MSNBC with host Chris Jansing, GOP insider Brendan Buck hammered the president over his trade war and stated he will have to live with the consequence…

https://www.msn.com/en-us/news/politics/trump-completely-botched-it-gop-insider-gives-no-holds-barred-take-on-president-s-move/ar-AA1E4o3a