Tariffs

Trump’s Tariffs Hurt The United States Much More Than China

April 22, 2025 Michael Hudson, Geopolitical Economy. Resistance Report BRICS, China, dollar, Donald Trump, Finance, Finance and the Economy, Neoliberalism, Russia, Tariffs, Trade

Why has US President Donald Trump imposed tariffs on countries all around the world? And in particular, why is Trump waging a trade war on China? What are his real goals? Well, to try to answer these questions, I spoke with the economist Michael Hudson, who is the author of many books, and who just published the new report “Return of the robber barons: Trump’s distorted view of US tariff history“. Michael Hudson outlined the history of the use of tariffs in the United States and in other countries, and he explained how Trump is using tariffs as a weapon of class war, to benefit the rich at the expense of the vast majority of the population, and also how Trump is trying to reshape the global financial system, in order to benefit the United States at the expense of everyone else.

Unmoved By Tariff Threats, Mexican GM Workers Win Wage Hike

April 18, 2025 Natascha Elena Uhlmann, Labor Notes. Create! Labor Movement, Mexico, Tariffs, Unions, Wages

Mexican General Motors workers in the Silao, Guanajuato, factory complex clinched record raises after staring down company scaremongering about tariff threats. “They said, well, we’re offering 6 percent,” said Norma Leticia Cabrera Vasquez about management’s offer at bargaining. “We knew they were going to show up with that, but we said, ‘We still have weeks to negotiate, so we won’t let that intimidate us,’” said Cabrera Vasquez, who worked at the plant for 15 years, and now serves as a leader of the union’s Women’s Department. In spite of the company's efforts to stoke uncertainty, auto workers stood their ground, garnering wage increases of 10 percent on average.

How Eco-Localism Differs From Tariff Terrorism

April 18, 2025 Richard Heinberg, Resilience. Create! China, Local Economy, Tariffs, Trade, Trump Administration

Trade makes many folks materially better off by enabling a local abundance of resources or skills to be shared across a wider area. However, increased trade often worsens economic inequality and depletes and pollutes the environment faster than would otherwise happen. Therefore, eco-localists see trade as a mixed benefit whose unintended negative impacts must be carefully managed. Globalization of trade raises the stakes of both benefits and risks. On the risk side of the ledger, taken to the extreme, it leads to a world in which everything is for sale, all resources are depleted, pollution is everywhere, labor is exploited to the maximum degree, and everything is owned by a tiny number of super-rich investors and entrepreneurs.

Return Of The Robber Barons: Trump’s Distorted View Of US Tariff History

April 15, 2025 Michael Hudson, Geopolitical Economy. Educate! China, Donald Trump, History, Neoliberalism, Tariffs, Taxes

Donald Trump’s tariff policy has thrown markets into turmoil among his allies and enemies alike. This anarchy reflects the fact that his major aim was not really tariff policy, but simply to cut income taxes on the wealthy, by replacing them with tariffs as the main source of government revenue. Extracting economic concessions from other countries is part of his justification for this tax shift as offering a nationalistic benefit for the United States. His cover story, and perhaps even his belief, is that tariffs by themselves can revive American industry. But he has no plans to deal with the problems that caused America’s deindustrialization in the first place.

In Trade War With The US, China Holds More Cards Than Trump May Think

April 15, 2025 Linggong Kong, Scheer Post. Strategize! China, Donald Trump, Tariffs, Trade War

When Donald Trump pulled back on his plan to impose eye-watering tariffs on trading partners across the world, there was one key exception: China. While the rest of the world would be given a 90-day reprieve on additional duties beyond the new 10% tariffs on all U.S. trade partners, China would feel the squeeze even more. On April 9, 2025, Trump raised the tariff on Chinese goods to 125% – bringing the total U.S. tariff on some Chinese imports to 145%. The move, in Trump’s telling, was prompted by Beijing’s “lack of respect for global markets.” But the U.S. president may well have been smarting from Beijing’s apparent willingness to confront U.S. tariffs head on.

The Black Swan: Why The Age Of Tariffs Is Sunsetting

April 14, 2025 Jeremy Rifkin, Popular Resistance. Create! 3D Printing, Manufacturing, Tariffs, Trade

Unlike physical goods produced by global companies and subject to tariffs in world trade, global companies and high tech small and medium-sized enterprises (SMEs) utilizing AI directed 3D printing/additive manufacturing can share digital software files for their product lines with local distributors at near zero marginal cost around the world. Distributors can then print out the items and deliver them to consumers without paying tariffs. And that changes everything. On April 2nd, the White House announced that the administration will issue a reciprocal tariff “number” to various nations that the US argues “represents their tariffs” obligation, in what’s shaping up as the great geopolitical tariff war of the 21st century.

Tariffs – Trump Blinks Again

April 14, 2025 Moon Of Alabama. Educate! China, Donald Trump, Tariffs

On Thursday President Trump pulled back on tariffs because a sell-off in treasuries threatened to develop into a serious economic catastrophe. Tariffs were reduced to 10% for most countries but China. (10% is still a lot higher than they were before Trump started his tariff onslaught.) The tariffs on products from China were raised to a total of 145%. The high China tariffs would inevitably lead to a steep raise of U.S. prices for consumer electronics which, at least partially, are nowadays coming from China. For big U.S. companies, foremost Apple, this would have entailed large losses. So Trump blinked again.

Will Trump’s Tariffs Trigger A Second Great Depression?

April 12, 2025 Jon Jeter, Black Agenda Report. Educate! Donald Trump, Finance and the Economy, Great Depression, Tariffs, Trade War, Trump Administration

That the Trump administration’s trade war will trigger a steep economic downturn in the U.S. is almost a foregone conclusion a week after the president announced sweeping new tariffs on imports. Last week, JP Morgan, the nation’s largest bank, estimated that there is a 60 percent chance of an imminent recession. That was followed by an announcement from Goldman Sachs, America’s second-largest investment bank, that its economists had raised the odds of a recession to 45 percent, representing the second time in a week that it has increased its forecast.

The Best Response To Tariff Wars? Declare Economic Independence

April 12, 2025 Michael Shuman, Resilience. Strategize! boycott, Canada, Local Economy, Tariffs

Where I live, in Palm Springs, California, Canadian snowbirds are selling off their properties and angrily vowing never to return to the United States. Once back home, our northern neighbors are pulling Kentucky bourbon and other US goods from the shelves and liberating themselves from the tariff-obsessed lunatic in the Oval Office. The same story is playing out across the globe, including with close friends in Europe, the United Kingdom, and Australia, where the most immediate result of our self-inflicted trade wars is the collapse of Tesla sales.

Trump Advisor Reveals Tariff Strategy

April 11, 2025 Ben Norton, Geopolitical Economy. Resistance Report China, dollar, Donald Trump, Taiwan, Tariffs

The top economic advisor to President Donald Trump has revealed that Washington is using tariffs as leverage to try to force countries to pay the United States to help it maintain its global empire. The chair of the US Council of Economic Advisers, Stephen Miran, delivered a speech on April 7 in which he outlined the Trump administration’s tariff strategy. An official transcript of his remarks was published by the White House. Miran claimed that the United States provides two main “global public goods”: one, a “security umbrella” overseen by the US military; and two, the dollar and Treasury securities, which are used as the main reserve asset in the international financial system.

China Retaliates With 84% Tariff As Trump’s Trade War Escalates

April 10, 2025 Abdul Rahman, People's Dispatch. Educate! China, Donald Trump, Finance and the Economy, Tariffs, Trade War

On Wednesday, April 9, Trump announced that he is raising the tariffs on China to 125%. Earlier that day, China raised its tariff on all American imports to 84% in response to the US raising the total tariffs on Chinese exports to 104% on Monday. The new rates will be effective from Thursday, the Chinese state council said in a brief statement. China also issued a white paper on Wednesday about its trade relations with the US. Published on the same day that Donald Trump’s so-called “reciprocal tariffs” regime went into effect, the white paper refutes his claims of a massive trade deficit with China.

Tariff Blackmail Cannot Intimidate China

April 9, 2025 Friends of Socialist China. Resist! China, Donald Trump, Tariffs, Trade, US Hegemony

On Saturday 5 April, the Chinese government set out its position opposing the US’s unilateral imposition of tariffs on all its trading partners, including China. The statement correctly noted that these tariffs are in clear breach of World Trade Organisation (WTO) rules, and threaten to seriously disrupt the global economy. “Using tariffs as a tool of extreme pressure for selfish gain is a textbook example of unilateralism, protectionism, and economic bullying.” It’s clear that China is the main target of the US’s tariff blackmail, which is being used to undermine China’s growth, to force China to accept the US’s terms of trade, to bully other countries into siding with the US against China, and to punish China for its success in building a modern economy and its refusal to bow down to US hegemony.

Over 4,000 Factory Workers Laid Off As Tariffs Spark Economic Chaos

April 9, 2025 Alexis Sterling, NationofChange. Educate! Democrats, Donald Trump, Mass Layoffs, Tariffs, Trade, Worker Rights and Jobs

More than 4,000 American manufacturing workers lost their jobs this week, the latest evidence of mounting economic instability tied to former President Donald Trump’s tariff policies. Congressman Ro Khanna and labor leaders are raising urgent concerns as layoffs sweep across the industrial sector, hitting plants in more than a dozen states and leaving thousands of union workers without employment or clear prospects. Automaker Stellantis announced Thursday that it would temporarily lay off 900 workers in the United States due to production disruptions at its Canadian and Mexican facilities—disruptions directly linked to recently announced tariffs.

Nicaragua’s Opposition Media Welcome Trump’s New Tariffs

April 7, 2025 John Perry, Popular Resistance. Educate! Media, Nicaragua, Tariffs, Trade, Trump Administration

Five countries in Central America, together with the Dominican Republic in the Caribbean, have a free trade agreement with Washington, but this didn’t protect them from the punitive tariffs announced on President Trump’s “Liberation Day.” A minimum 10 per cent tariff on exports to the US will hit low-income countries throughout the region. But exports from Nicaragua have been saddled with an even higher tariff of 18 per cent. Delighted opponents of Nicaragua’s Sandinista government have blamed it, rather than Trump, for the country receiving this additional penalty. However, simple examination of the figures shows that Nicaragua’s tariff was calculated in the same way as every other country’s.

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