Donald Trump got the stockmarket looking like a BLOODBATH 🩸🩸🩸🩸🩸 | MAGA-based merits [the OFFICIAL #TrumpTariffs thread]

[bnew]

On a post for Rep Tom Barrett (MI 7th District)

Spoiler: text

Posted on Mon Apr 7 14:06:22 2025 UTC

https://i.redd.it/wnrf4znt6fte1.png

 

[bnew]

Here Are the Places Where the Recession Has Already Begun

Towns near the Canadian border are suffering.

www.theatlantic.com

Ideas

Here Are the Places Where the Recession Has Already Begun​

Towns near the Canadian border are suffering.

By Annie Lowrey

Katsarov Luna / Bloomberg / Getty

April 7, 2025, 7 AM ET

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Produced by ElevenLabs and News Over Audio (Noa) using AI narration. Listen to more stories on the Noa app.

Last month, Nicholas Gilbert received a delivery of grain for the 1,400 cows he tends at his dairy farm in Potsdam, New York, 20 miles from the Ontario border. The feed came with a surprise tariff of $2,200 tacked on. “We have small margins,” he told me. “I had a contracted price on that grain delivered to my barn. It was supposed to be so much per ton. And they added that tariff right on top because it comes from a Canadian feed mill.”

Gilbert cannot increase the price of the milk he sells, which is set by the local co-op. He cannot feed his cows less food. He cannot buy feed from another supplier; there aren’t any nearby, and getting it from farther away would be more expensive. When he got the delivery, he stared at the tariff for a while. Shouldn’t his Canadian supplier have been responsible for paying it? “I’m not even sure it’s legal! We contracted for the price on delivery! If your price of fuel goes up or your truck breaks down, that’s not my problem! That’s what the contract’s for.”

But the tariff was legal, and it was Gilbert’s responsibility. The dairy farmer is one of tens of thousands of American business owners caught in a spiraling trade war, and lives in one area of the United States that might already be tipping into a recession because of it. Businesses near the Canadian border are particularly vulnerable to the rising costs and falling revenue caused by tariffs, and are delaying projects, holding off on hiring, raising prices, letting workers go, or wondering how they are going to keep feeding their cows as a result.

President Donald Trump kicked off his long-promised trade war by applying levies to steel, aluminum, and goods from China, Canada, and Mexico soon after he took office—insisting, incorrectly, that foreign companies would pay the tariffs and that American growth would surge. On Wednesday, he unleashed a global shock-and-awe campaign, announcing tariffs on every American trading partner.

Rogé Karma: Trump’s most inexplicable decision yet

The measures are meant to counter foreign countries’ tariffs and trade barriers, Trump said. But the numbers announced have nothing to do with such policies, where they even exist. The White House set a minimum 10 percent levy on imports from around the world, and imposed higher rates on imports from more than 60 countries, territories, and trading blocs. The administration appears to have derived those higher rates by dividing the value of the country’s bilateral trade deficit with the United States by the value of its exports to the United States.

The tariffs are capricious, haphazard, and weird. The Trump administration took into account only trade in goods, not services. It slapped tariffs on countries with long-standing free-trade agreements with Washington, including Australia, South Korea, Israel, Panama, Singapore, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and the Dominican Republic. It put tariffs on countries with a trade surplus with the United States. It implemented tariffs on remote, uninhabited islands. It implemented tariffs on a territory occupied predominantly by American and British soldiers.

The nonsensical policy will nevertheless have real effects. American consumer goods will get more expensive, with the average family paying an estimated $3,800 more a year for groceries, cars, clothing, furniture, and everything else if the tariff rates remain this high. Thousands of American firms, mostly small businesses, will go under. The United States risks collapsing into an astonishing voluntary recession, caused solely by a few powerful ideologues’ erroneous beliefs about trade.

If you want to understand where the American economy is heading, head to the border.

From Bellingham, Washington, to Calais, Maine, the United States has dozens of communities that are not so much linked to Canada’s economy as interwoven with it. Gas stations in these places rely on business from Canadian commuters. Ski resorts and water parks rely on Canadian tourists. Manufacturing firms rely on Canadian industrial inputs. Farms rely on Canadian feed. Hotels rely on Canadian business conferences.

Annie Lowrey: Don’t invite a recession in

Contrary to Trump’s pronouncements, tariffs are paid by domestic importers, not foreign exporters. Most companies pass the cost increase on to consumers. Others, like Adon Farms, cannot. “We’re taking that right on the chin,” Gilbert told me, explaining that he would have to pay tariffs on the fertilizer and farm equipment he buys too. “We’re not like other businesses,” he told me. “We’re very slow moving. I can’t pivot at all.”

Manufacturing firms and construction companies near the border face the same quandaries as the costs of steel, aluminum, lumber, and machine parts rise. These firms can’t quickly relocate their operations or find new suppliers either. “We surveyed 40 of our manufacturing companies in the region,” Garry Douglas, of New York’s North Country Chamber of Commerce, told me. “One sources raw materials from Canada and is looking at a $16 million cost increase to their U.S. operation. Another company is a paper mill that sources wood pulp from Canada. It’s the one source of the type of wood they need.”

At the same time as it is raising costs for border businesses, Trump’s quixotic trade war with Canada is depressing revenue for these businesses too. Dan Kelleher runs a tourism-promotion agency in the Adirondacks. “We had a terrific January in terms of overall visitation,” he told me. “Our numbers were up 24 percent over the five-year average. And then February came.” The president kept referring to Canada as the “51st state,” and hit the United States’ closest ally with a 25 percent tariff. Spending on lodging dropped 4 percent in February, Kelleher told me, with retailers reporting a 20 percent decline in sales.

“We have a lot of cross-border events, particularly hockey tournaments,” Kelleher said. “The teams are locked in to come play, but when they come, they’re not spending any money here.” He worried about the summer tourist season, and more so about the relationship between residents of the Adirondacks and their neighbors across the border. “Our Canadian friends—they’re upset, they’re hurt, they’re betrayed.”

Ron Kurnik is a dual citizen who lives in Canada and commutes across the border to run Superior Coffee Roasting, a café and coffee distributor in Sault Ste. Marie, Michigan. “One of our premier labels is an espresso blend, which I aptly termed the friendly neighbors,” he told me. “We spell it both ways on the label, neighbors and neighbours. It’s been the centerpiece of our business, and our relationship with the residents of this area.”

Rogé Karma: Trump’s tariffs are designed to backfire

Kurnik imports his coffee beans from Mexico and his coffee bags from China; both are more expensive, thanks to Trump’s levies. “With the added tax, we’re currently underwater on distribution,” he told me. With fewer Canadians crossing the Saint Marys River, sales at his café have dropped too. Superior Coffee Roasting has a “bit of a war chest,” in the form of profits from last year, Kurnik said. “That will probably, probably, get us through this year.” But he’s cut back on employee hours and laid one person off. “I’m trying to hold the line and not make too many big, consequential decisions,” he said. “If these things continue for six, eight months or beyond, it’s going to get bad.”

Residents of border towns see their shopping malls and greasy spoons half empty. They read stories in the local paper about rising construction costs and Canadians detained at border crossings. They notice the lack of hiring signs. They hear about the trade war on the evening news. As a result, many are reducing their own spending in expectation of a downturn: putting off home repairs, delaying the purchase of a new car, canceling vacations, eating in instead of ordering out.

“It is definitely having a rippling effect, and it’s been immediate,” says Michael Cashman, the supervisor of the town of Plattsburgh, New York, 20 minutes south of the border. “These may seem like small trade restrictions in Washington. But they’re devastating for our region.” He told me he was “deeply concerned” about sales-tax revenue dropping. Plattsburgh is preparing to pull back on public spending “until there is more clarity in the forecast.” Of course, the town cutting its budget would worsen the downturn.

What is happening in Plattsburgh and Sault Ste. Marie is happening in rural Nebraska, Kentucky’s bourbon country, and Las Vegas too—in every community that relies on foreign tourists, foreign imports, foreign exports, and cross-border traffic. Now, Trump’s new policies have put the whole country at risk. I surveyed my inbox the morning after the president’s Liberation Day announcement, reading market analysts’ notes: a “self-inflicted economic catastrophe,” a “large headwind,” a “transformed outlook,” “unconditionally bad,” an “extended period of volatility,” a “historic shift,” “madness.”

In Michigan’s Upper Peninsula, Kurnik was penciling out numbers on Wednesday—when retailers might raise prices for a bag of beans, how much to slow down production—while Trump was preparing for his speech in the Rose Garden. “We can’t operate a business flying by the seat of our pants,” he told me. “The administration can organize itself in that fashion. But how do you realistically expect me to follow suit?”

 

[wild100sboy]

Turns out ignoring stocks was my best financial strategy.

Facts

 

[IIVI]

If we are really done with China then we need Vietnam and Mexico now more than ever. Even then it’ll take a decade of combined infrastructure building to match China’s current output in 2025 (which they would need to do better than in 2035).

 

[Stir Fry]

McJesse (@larenmcjesse) on Threads

Half the country rn.

www.threads.net

 

[BaggerofTea]

This is what happens when you are still living in the 80s and think the US is still one of one in everything that matters.

 

[Jalether]

At this rate Ben shapiro and the rest of conservatives will be too broke to own the libs, they will be renting the libs

 

[Monsanto]

If we are really done with China then we need Vietnam and Mexico now more than ever. Even then it’ll take a decade of combined infrastructure building to match China’s current output in 2025 (which they would need to do better than in 2035).

Good luck. He's doubling down on China and they're (US) going after Vietnam for no reason at all.

 

[jerniebert]

Chinas got jokes.

 

[Secure Da Bag]

EVERY SINGLE TIME. Bu bu but the Dems...tampons...mens bathrooms.

Maybe to win elections Dems should stay away from bathroom-related topics. Seeing as you just discovered a worrying trend.

 

[Kidd Dibiase]

 

[bnew]

That red line looks a bit concerning

Spoiler: text

Posted on Mon Apr 7 15:39:00 2025 UTC

https://i.redd.it/zr35djdcnfte1.jpeg

Mrs. Betty Bowers (@mrsbettybowers.bsky.social)

What makes this visual even more stunning is that it was made possible by people who said their #1 concern when voting was the economy. What idiots.

bsky.app

Spoiler: full text & large images

1/35
mrsbettybowers.bsky.social
What makes this visual even more stunning is that it was made possible by people who said their #1 concern when voting was the economy. What idiots.

2/35
enapoaf.bsky.social
Mrs. Betty, "idiots" doesn't quite sum it up.

3/35
driftlessregion.bsky.social
Markets do not an economy make...but the people who said their #1 concern when voting was the economy probably don't appreciate the difference anyway, so, yeah.

4/35
driftlessregion.bsky.social
(to be specific, I mean the people who thought a serial bankruptcy artist would somehow be good for said economy)

5/35
flatirons.bsky.social
I am hearing so many "experts" and CEOs saying this was unexpected. It was obvious!! How can people say they didn't expect this? Insane.

6/35
esmeestreachailt.bsky.social
From what I am seeing in conversations with anyone older than me by a bit, and I am an old GenX, is that their framework is stuck in conditions that held 10 and 20 years ago. They can't connect to how deep the change is in the culture, the electorate, or what the regime just did.

7/35
acc3993.bsky.social
This is why when a republican says they are “fiscally conservative” I reply with, “oh so you’re bad with money.”

8/35
janesrevenge.bsky.social
Look at Biden go! He left the economy in way better shape than he found it

9/35
lcinnamon.bsky.social
Democrats always do. But prosperity is too "woke", I guess. Can't have us any "woke" around here.

10/35
fionafightsfascism.bsky.social
That is so glaringly obvious even to someone who isn’t woke.
Hello MAGA? Still enjoying all the ‘winning’?!?!

Let me help you. This is NOT winning.

11/35
ocert52.bsky.social
The price of eggs...

12/35
snow2112.bsky.social
It really wasn't the economy, they knew who they were voting for. They voted for hate and racism. They voted for a man they thought would hurt the people they don't like. But now that the leopard is eating their face they are upset. I have nothing for any of them.

13/35
dadman03.bsky.social
Well said.

14/35
eddieinc97.bsky.social
Most voted for a racist.

15/35
folcotook.bsky.social
Many because they were racist and/or sexist.

16/35
bamaguy1.bsky.social
Economy and Immigration. Neither are being worked on. Tariffs are killing the stock market, and deporting people is NOT fixing Immigration! Especially when deporting by targeting skin color and tattoos! White supremacist have taken over the WH!

17/35
pettyshabazz.bsky.social
It was never about the economy. It was about racism and misogyny.

18/35
astoundedamerican.bsky.social
And while the stock market crashes, these are doing just fine!

19/35
sebastian2.bsky.social
The market lost more money in one day than the $4.5 trillion in tax cuts given to billionaires.

And all of that on the backs of ordinary American taxpayers.

20/35
dbrealworld.bsky.social
Not just American tax payers
I’m Australian and my retirement savings (superannuation- similar to your 401k) has taken a dive.
To think that the world suffers because 77 million stupid brainwashed Americans voted for this shyt show !!!

21/35
sebastian2.bsky.social
Trump is a one-man recession, fukking things up worldwide.

As for those Americans who voted for that turd?
I don't have enough venom left in me for how much I hate what they've done to the world.

22/35
robstewartwriterq.bsky.social
oh, I don’t know, I’m sure I could hack up some more bile if I put something into it.

23/35
hegelian1.bsky.social
They are stuck on stupid.

24/35
2asnme.bsky.social
I’m gonna use this chart for our next protest. “Are you winning now?”

25/35
litzz11.bsky.social
This is why conservative media have suspended their stock tickers, as if people won’t notice the absolute collapse of the global economy.

26/35
rsurg323.bsky.social
It’s kinda working for them. Some magats have no idea what has been happening to the market and think it’s just a tiny short term dip that’s “gonna be good for us in the long run.” They’re still gullible enough to believe all the lies.

27/35
kathygori.bsky.social
A bunch of people got conned by the myth of his tv show and they never wised up

28/35
p3nny.bsky.social
I vaguely remember watching the first season of the apprentice and realizing about half way through that he was actually a real dumb dumb.

29/35
tonitigerihler.bsky.social
I think I watched about half a show and it was full of stupid people I boring change the channel

30/35
p3nny.bsky.social
I thought it was an interesting concept and the prize seemed significant, but he provided the players/teams with zero relevant insights.

31/35
jonathanscherch.bsky.social
Dems need to prepare for report due April 20 to POTUS on whether to apply Insurrection Act.

Economy deliberately crumbling, global relations souring, stump speeches seem insufficient.

Dems: align, litigate, work the press, reach / engage across political divides.

#makeaplan #takeastand
Bluesky
Bluesky

32/35
authenticallytiff.bsky.social
Pfftt! You’re playing checkers & he’s playing chess! Just you wait- businesses are coming back to the US, all countries are going to drop their tariffs & beg us, corp farmers going to be filthy rich, big biz is going to do so well they need to hire! Watch! Wait for it! Just…u…wait, wai… wa…

33/35
saxaddict.bsky.social

34/35
maneschijn.bsky.social
Here in Europe lots of people are seeking alternatives for American digital tech services. Tesla sales in Europe dropped 58%.

35/35
saxaddict.bsky.social
Good news. Trumps American empire is failing.

Bad news. I'm American.

To post tweets in this format, more info here: https://www.thecoli.com/threads/tips-and-tricks-for-posting-the-coli-megathread.984734/post-52211196

 

[Cat piss martini]

concepts of tangibles....

 

[IIVI]

Edit.

 

[chineebai]

some of the biggest squeezes occur in a bear market, simply an oversold bounce today. Provide some relief.