Yesterday’s News 2025 04 09


A small factory in Guangzhou, China, that makes restaurant appliances. The Trump administration’s tariffs will ravage export-oriented companies along China’s eastern seaboard

NY Times: For U.S. and China, a Risky Game of Chicken With No Off-Ramp in Sight

Neither side wants to look weak by backing down on tariffs. But if their trade relationship collapses, the global consequences could be profound.

A doubling of American tariffs on Chinese goods. Nationalist Chinese bloggers comparing President Trump’s levies to a declaration of war. China’s Foreign Ministry vowing that Beijing will “fight to the end.”

For years, the world’s two biggest powers have flirted with the idea of an economic decoupling as tensions between them have risen. The acceleration this week, in both actions and words, of their trade relationship’s deterioration has made the prospect of such a divorce seem closer than ever.

(NY Times more…)

WSJ: Trump Announces 90-Day Pause on Some Tariffs, but China Tariffs Rise Again

“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” President Trump wrote on Truth Social. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable.”

Trump added that he has authorized a “90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.” It wasn’t immediately clear whether Trump’s 10% baseline tariff was on a pause, or if his higher reciprocal rates were on a pause.

Bulwark: Do Not Pass Go, Do Not Collect $200, Do Go Out of Business

A close-up look at the stupidity of Donald Trump’s tariffs.


Monopoly board with Trump Towers

 

DONALD TRUMP’S TARIFFS are so punishing that even the houses in Monopoly are going to get more expensive.

And I do mean that literally.

While the tariffs will have profound impacts on big-ticket items like cars and everyday purchases like groceries, they also will slam the retail sector. And that includes items like board games, which are designed and sold here in America—but are, in almost every case, manufactured overseas.

Games typically have a handful of components, mostly made from paper (cards, boards) and plastic (pieces, tokens, dice). When and if the tariffs kick in on Wednesday, those components will get a lot more expensive, putting new pressure on the companies that manufacture them to raise their prices or suffer losses.
(Bulwark more…)

Tangle: Liberation Day in America?



Daily: Tariffs Are Causing The Trump White House To Implode

The Musk/Navarro Feud Is A Symptom Of Trump’s White House Implosion
Peter Navarro is the brains behind Trump’s tariff plan. Elon Musk’s Tesla stock is collapsing under the panic caused by tariffs on Wall Street.


Navarro

 

(Daily more…)

Heather Cox Richardson: Letters from an American – April 8, 2025


Elon Musk is one of the people Trump is ignoring to side with Peter Navarro, his senior counselor for trade and manufacturing. Navarro went to prison for refusing to answer a congressional subpoena for information regarding Trump’s attempt to overturn the 2020 presidential election. Since Musk poured $290 million into getting Trump elected in 2024 and then burst into the news with his “Department of Government Efficiency,” he has seemed to be in control of the administration. But he has stolen the limelight from Trump, and it appears Trump’s patience with him might be wearing thin.

(Heather Cox Richardson more…)

FPWellman: Trump Tariffs are nuking Main Street

The price of Trump’s tariffs will hit small businesses immediately and many won’t survive for even a few weeks