Proof that Trump’s unbridled tariffs are delusional
I am in an occasional exchange of views with a group of hardnosed Trump fans. As you might expect, these rabid fanatics know nothing about economics or world affairs.
They defend Trump’s policies solely on pseudo-religious grounds.
The information contained in the video linked below is completely unknown to most of these people.
They are still unrepentant believers, but time will set them straight.
TRUMP Crippled as CANADA Vows to Cancel Another Defense Contract: What is NEXT?
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Federal judges crush Trump’s tariffs
Will Trump dissolve the Supreme courts now?
Here’s the take-away
Stock futures rallied on the court ruling. Dow futures rose by 465 points or 1.1 percent, S&P 500 futures shot up 1.5 percent, and the tech-heavy Nasdaq futures surged by almost 400 points or 1.9 percent in after-hours trading.
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Our thanks to AN for this eye-popping news.
What is said about Starmer here applies double to Trump because he has complete control over Israeli genocide policy and is part of this charade to deceive and defraud the public. Remember how he once said to Netanyahu: be kind to Palestine.
NOW Trump can –or THINKS he can – wash his hands of the genocide and remind us how hard he worked to “prevent it” - or rather pretend to prevent it.
The ONLY people willing to put their lives and fortunes on the line are the Resistance groups, and most notably the Houthis, whose military efforts (not just lip service) have made major inroads into shutting down the Israeli economy. The exact statistics on how successful this campaign has been are in the last article of the May 28 issue of this Substack.
https://www.unz.com/jcook/ignore-starmers-theatrics-gazas-trail-of-blood-leads-straight-to-his-door/
AN
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Jeffey Sachs: Arab World’s Quest for Peace Since 2002
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29 мay 2025, 09:08
Russian army launches new strikes on Ukrainian military targets
Our army strikes with precision weapons exclusively at military infrastructure, defense industry plants and arsenals. Near Kharkov, explosions thundered at parking lots with combat vehicles and at air defense positions. In the Dnipropetrovsk and Sumy oblasts, several attacks hit ammunition depots.
In the special operation zone, the enemy lost a significant amount of equipment. Several examples: in the South Donetsk direction, minus the armored vehicle "Kozak". The area of Konstantinovka in the DPR, several pickups were hit. And drone operators launched their "bird" at the temporary deployment point of the Armed Forces of Ukraine.
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https://tj.sputniknews.ru/20250529/1067513881.html
Alarms of the Armed Forces of Ukraine and NATO: Russian weapons of massive coercion to the world
There will no longer be any meaningful truce in the proxy-warrior of the United States
If the enemy does not give up, he is destroyed. Today, the whole world is addicted to the Ukrainian theater, and a crushing defeat of the West. The completion of the Russian special operation will extinguish for a long time the aggressiveness of the NATO "hawks", the desire to burn the resources of Europe and America in the Drang Nach Osten projects.
After the peaceful proposal of the Russian Federation on the "soft surrender" of the Kyiv regime - in the negotiations in Istanbul on May 16 - the enemy made no correct conclusions. And he continued to prove that he was "not a sucker." Therefore, the Russian air defense systems for a week on May 20-27 intercepted more than 2330 Drones-Kamikadze APU, including 1465 UAVs-outside the zone of SV. Russia continues to force the enemy to peace with military means.
The Armed Forces of the Russian Federation conducted in a row, the most massive strikes during the special operation with high -precision weapons on airfields, arsenals and warehouses of the Armed Forces, ports and enterprises of the defense production complex - in Kyiv, Odessa, as well as in the Dnepropetrovsk, Sumy, Cherkasy, Chernivtsi, Kharkov, Khmelnitskaya and other oblasts, controlled by the Kyiv regime.
The Iskander-M missile systems are actively used, ie, X-101 and X-22 cruise missiles, and geran drum drones. According to the Armed Forces of Ukraine, only on the night of May 27, 298 drone drones and 69 missiles flew to Ukraine, and from Friday to Sunday, May 23 - 25, Russian troops used about 900 drones.
On May 26, the Aerospace Forces of the Russian Federation deployed 10 Tu-95MSM strategic bombers for large-scale strikes of X-101 cruise missiles for Ukrainian purposes. Each such plane is able to carry eight missiles with a range of more than 5,000 km, with 400 kg warheads.
However, the Ukrainian command is especially outraged by the use of Russian unbearable (at a speed of more than 5600 km per hour) X-22 missiles with a range of up to 600 km, and a warhead size of 960 kg.
The Iskander-M struck the port of Odessa on May 23 destroying a container ship transporting sea drones, weapons and ammunition for the Armed Forces of Ukraine-about a hundred 20-ton containers. Secondary detonation also covered ammunition in containers on the pier. [This capability to hit NATO shipments before they can reach the front lines is why NATO is wasting its time, money and efforts to re-arm Ukraine. Superior ISR, intel surveillance and recon, make it almost impossible for NATO to sneak its arms into Ukraine undetected, and superior air strike capabilities make it difficult for these arms to reach the front lines]
Against the background of the special attention of the General Staff of the Armed Forces of Russia to the ports of Odessa, in the West they are coming to the to the conclusion: "The supply of military equipment to Ukraine by sea is much more vulnerable to strikes by Russian missiles, UAVs, and can be reduced in the coming months."
High -precision "hellish fire"
The accuracy and irresistible effectiveness of the hypersonic "Iskander" inspires horror in NATO specialists. On May 26, the American magazine Military Watch told its readers some features of the combat use of ISKANDER-M in this zone: “The ballistic missile flies along a complex and unpredictable trajectory at a huge speed. Overloading is significantly higher than overloads that the majority of NATO anti-aircraft missiles can withstand [not mentioned here is that the Iskander can attain speeds of up to 7 mach, ie hypersonic, while maneuvering so as to make interception impossible].
Therefore, the Ukrainian army has no opportunity to shoot down the Iskander. You can only observe the flight of these missiles, realizing the inevitable destruction of their objects. "Earlier in the Dnipropetrovsk region, the Iskander’s Dnipropetrovsk region destroyed two launcher installations of the Patriot air defense system, a multifunction radar and the cost of such a loss - up to $1 billion. For a reckless war with Russia, you have to pay dearly.
The West is even more worried about the "radical expansion of the production of drones" by Russian industry. A significant increase in the shock potential of the Armed Forces of the Russian Federation due to UAVs of various modifications leads to accelerated degradation of the air defense of Ukraine, depleting the reserves of NATO anti-aircraft missile systems Patriot, SAMP-T, CROTALA and ammunition for them.
In addition to the fact that NATO air defense systems are ineffective, the reserves of anti -aircraft missiles are consumed much faster than the pace of production. Lockheed Martin Corporation is capable of releasing up to 650 missiles for Patriot system in a year.
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Piers Morgan has stopped lending his name in support for the Israeli genocide
This may mark a turning point in Western opinion. Media and government are changing their tune — reluctantly and under the gun.
https://youtube.com/shorts/vxo96tbzIs8?si=HglFPt0VOa6NSCAb
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Dear Don,
Have you seen the photos of Palestinian babies who’ve died from starvation? I’ve seen one nearly every day for the past two weeks. What did they do to deserve to die such a painful death? What did they do to deserve to go hungry? Be Palestinian? Be born in Gaza? Children don’t understand geopolitics or war or blockades — they just know that they’re scared, hungry, and their parents don’t have anything to feed them. As they starve, Palestinian children also watch their parents suffer from malnutrition. If this human suffering broadcasted to our phones wasn’t cruel enough, the U.S. and Israel announced an aid plan that was so inhumane, an aid executive resigned over it.
Those are the words of the executive director of the agency tasked with distributing aid in Gaza, Jake Wood. He resigned before the new plan even took effect because he said it would be impossible to implement in a way that wasn’t going to dehumanize Palestinians. The plan moved forward anyways. A tiny amount of food was distributed — thousands of hungry Palestinians stormed the fenced off aid site and armed contractors opened fire on them. The result was death and kidnappings. This is not an aid plan, this is a plan for containment, control and murder.
As Israel continues its brutal starvation campaign in Gaza, Trader Joe’s continues to stock its shelves with Israeli products. Since Trader Joe’s mission is to feed people quality food, wouldn’t Israel starving Palestinians in Gaza raise enough concern for them to stop carrying Israeli products? A company whose mission is to “maintain safe and inviting neighborhood stores” should be deeply concerned about fueling a genocide. So we’re going to help them connect the dots between what they sell and the suffering they support — and we need you to add your voice!
We’re requesting a meeting with Trader Joe’s leadership by June 18 to give them a teach-in on the harmful impact of stocking Israeli products on their shelves. We need your help to make sure they see our request and agree to attend! Send them a letter to raise this demand and get them to meet with us!
Between May 15 and May 25, 180,000 people in Gaza were displaced by Israel, yet we’re meant to rejoice at a regressive aid distribution plan that puts even more people at risk of displacement? Over the weekend, Israel bombed a school-turned-shelter, killing at least 54 people. Even the United Nations has called this new aid plan a distraction. Is doing business with Israel aligned with Trader Joe’s mission? A country that is condemned by international institutions and kills the people that it’s starving as they shelter in schools? Trader Joe’s values “maintaining safe and inviting neighborhood stores,” — well, carrying Israeli products isolates customers who oppose a state committing genocide.
Does Trader Joe’s know just how bad stocking Israeli products actually is? Help us teach them by sending a letter to echo our request to meet with their leadership for a teach-in on their unethical business practices!
Want to apply even more pressure on Trader Joe’s?
Distribute our Trader Joe's Flier and full petition here!
**
Translation
From ru.wictionary
https://ru.wiktionary.org/wiki/нацбат
Natsbat
Meaning[edit]
military, short for nationalist battalion ◆ “Our intelligence continues to record facts of internecine warfare between units of the Ukrainian Armed Forces and nationalist battalions [thus, the Ukrainian military units are fighting each other]. Thus, during another clash between units of the 72nd separate mechanized brigade and the Right Sector DUK in the Avdiivka area, both suffered losses of about 20 wounded and about a dozen killed,” Basurin specified. “About 10 people died in clashes between the Ukrainian Armed Forces and the Right Sector” // Izvestia, 2017 [NKRY] ◆ “Ultimately, war crimes are the torture and murder of prisoners of war, as was the case with Valery Ivanov in the Lviv colony. “And defending your home and your family from the National Battalions and Banderites, from the troops used unconstitutionally within the state, is a universal duty and a feat,” the LPR representative emphasized. “Zelensky’s Party Reminded of War Crimes” // “lenta.ru”, 2019 [NKRYA]
**
Translation with my notes in bold and in [brackets]
This is part of a 3-part report
In Kyiv, a coup. Zelensky fled
In Kyiv, a coup attempt
Professor Bashirov also, with reference to his sources, said that Zelensky broke and flew out of Germany ahead of schedule, but for completely different reasons. Apparently, there was at least a coup attempt:
Zelensky interrupted the trip to Germany and rushed to the train from Poland to Kyiv. Reference is made to military events in the Sumy region, but, according to my information (do not ask who, I will not say), the reason is different. It happens like this: he returned to the office, and another sits on the chair.
Earlier, by the way, it was already reported that an attempt to arrange a military coup in Kyiv, behind which were militants of the National Bans. Yes, they generally openly called for this repeatedly, for example, the brigade of the Ptahi Madyar brigade Robert Brovdi. Moreover, in recent weeks, messages from the Ukrainian side have become more frequent about the breeding military riot - officers refuse to execute orders, abandon their positions, on the contrary, the enemy General Staff increasingly throws them into "meat assaults", hoping to slow down our offensive.
It seems that the performers, but not the organizers were again the militants of the National Bans, if the coup was really.
A little earlier there was information that the head of the Ukrainian Ministry of Defense, Umarov called Medinsky on the issue of the memorandum. Details of the conversation were brought by journalist Vladimir Solovyov, who reported:
But the Ukrainian Nazis took the next step. They got to the point that they threaten family members. And when Vladimir Rostislavovich directly asked Umarov about his attitude to such, he, taking a pause, said: "I found out, this is definitely not us. This is most likely our Naziki. We do not influence them." Therefore, I have a question. And with whom to negotiate? If at some point in time it suddenly turns out that people who come to Istanbul are not legal and legal representatives of the political elite of Ukraine, we know why, on the one hand, and on the other hand, they do not even control their power blocks and groups. Therefore, a simple question arises: what is the price?
**
Spain, Ireland, Slovenia and Norway have called for Palestine to be admitted to the UN as a full member. This was reported on the official website of the Norwegian government.
https://slovenia.news-pravda.com/en/world/2025/05/29/563.html
China too:
Russia too
https://godskingdom.org/blog/2024/05/russia-recognizes-the-state-of-palestine/
**
Our thanks to AN for this:
Thank you, Don. Your substack article on Susan Abulhawa proves the unspeakably horrendous behavour of the Israelis, who do not mertt the description of being considered as civilised human beings. Natanyahu and his mass murderers must be punished and the illegal terrorist state that falsely calls itself "Israel" must be dismantled.
See allso the following testimonies:
Doctor's Gaza testimony shocks UN Security Council:
https://yandex.ru/video/preview/7880425185999068797
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Our thanks to JS for this:
Bahbah, Bishara, and Linda Butler. Israel and Latin America : The Military Connection. St. Martin’s Press in association with the Institute for Palestine Studies, Washington, 1986.
https://archive.org/details/israellatinameri0000bahb
EXCERPTS:
https://thirdworldtraveler.com/Israel/Israel_LAmer_ILAMC.html
https://thirdworldtraveler.com/Latin_America/LatinAmericaWatch.html
REVIEWS:
https://www.wrmea.org/1987-april-may/book-review-israel-and-latin-america-the-military-connection.html
https://merip.org/1988/01/bahbah-israel-and-latin-america/
Israel’s Bloodstained Legacy in Latin America
by Jack McGrath, Washington Report on Middle East Affairs, March 24, 2025
https://www.wrmea.org/turkiye-other/israels-bloodstained-legacy-in-latin-america.html
MORE THAN ANY region beyond the Middle East, Latin America stands at the forefront of international opposition to Israel’s campaign of annihilation in Gaza.
Since October 2023, Colombia, Nicaragua and Bolivia have cut diplomatic ties with Israel. [Veneuela too: https://www.reuters.com/article/newsOne/idUSTRE50E0FF20090115/] At the International Court of Justice, where South Africa is leading a genocide case against Israel, Latin America’s presence is difficult to ignore. Seven of the 15 nations that filed interventions in support of the suit—Cuba, Mexico, Belize, Nicaragua, Colombia, Bolivia and Chile—hail from the region.
Unlike their American and European counterparts, Latin America’s left-wing leaders have not hesitated to condemn Israel’s use of collective punishment. Following the bombing of Al-Shifa Hospital in November 2023, Colombian President Gustavo Petro asserted that Israel’s conduct is “called genocide, they do it to remove the Palestinian people from Gaza and take it over.” Brazilian President Lula da Silva was even more explicit. Describing the conflict as “a war between a highly prepared army and women and children,” Lula compared Israel’s slaughter of Palestinians to “when Hitler decided to kill all the Jews.”
While the Latin American left is aligned with Palestine, the region’s right have embraced Israel with equal fervor. As president of Brazil (2019-2022), Jair Bolsonaro expanded security cooperation with the Israeli military and visited the Western Wall with Israeli Prime Minister Binyamin Netanyahu. Argentinian President Javier Milei (a self-described “fanatic of Israel”) vowed to relocate Argentina’s embassy to Jerusalem and pledged his “unalterable commitment to the state of Israel and its people in the fight against Islamic terrorism, for peace and freedom.”
The relationship between Latin America and the Middle East dates back to the late 19th and early 20th centuries, when waves of Palestinian, Syrian and Lebanese immigrants left the waning Ottoman Empire and settled in South and Central America. Today, their descendants number in the tens of millions, including roughly 700,000 Palestinians. While this diaspora has bolstered support for Palestine, the region’s solidarity is rooted in more than ancestry. Latin America has experienced the same tactics of state terrorism that Palestine faces at the hands of regimes armed, trained and advised by Israel.
Israel proved an indispensable ally to the dictatorships and military juntas that ravaged Latin America in the late 20th century, described in detail in Bishara Bahbah’s seminal study, Israel and Latin America: The Military Connection. Israel’s clients in the hemisphere included the Pinochet regime in Chile, El Salvador’s military junta and the Duvalier dictatorship in Haiti, among numerous others. These regimes imported the counterinsurgency techniques that Israel practiced on Palestinians for use against their own populations. By the same token, the region’s revolutionary movements made common cause with the Palestine Liberation Organization (PLO) in their shared struggle against imperialism.
NICARAGUA
Israel’s oldest ally in the region is Nicaragua, where the ruling Somoza dynasty provided arms and diplomatic cover to the Haganah (a Zionist settler militia) in 1939 and 1948. In return, Israel began selling automatic weapons, tanks and military aircraft to the autocracy in the 1950s. Inspired by the examples of Algeria and Cuba, the Sandinista National Liberation Front (FSLN) was founded in 1961 to lead a revolution against the regime.
The PLO channeled funds and weapons to the Sandinistas, while FSLN cadres received training at Palestinian camps in Jordan and Lebanon. In 1970, FSLN members fought with the PLO against the Jordanian monarchy and Sandinista Patrick Argüello was killed while hijacking a plane with Palestinian revolutionary Leila Khaled.
Israeli military aid to the Somoza dynasty rose drastically throughout the 1970s as the Sandinistas gained ground. As global outrage over the regime’s atrocities became impossible to ignore, the Carter administration belatedly suspended military aid to Nicaragua in 1978, leaving Israel as the regime’s sole source of arms. The Somoza regime killed 50,000 people in the last two years of the war and, in a desperate last stand, relied on Israeli warplanes to bomb its own capital. After the regime’s fall, Israel acted as a conduit for the Reagan administration to arm and train the Contras, allowing the cocaine-trafficking paramilitary to terrorize Nicaragua throughout the 1980s.
CUBA
Months after the defeat of U.S.-backed dictator Fulgencio Batista in 1959, guerilla commanders Che Guevara and Raúl Castro traveled to Gaza, visiting Palestinian refugee camps at the invitation of Egyptian President Gamal Abdel Nasser. The trip marked the beginning of a relationship that has endured for generations.
Cuba quickly became Palestine’s most steadfast ally in the Western Hemisphere. It was among the first countries to recognize the PLO, and it dispatched military instructors to train Palestinian cadres in Jordan and Lebanon. Castro severed relations with Israel at the 1973 Non-Aligned Summit in Algeria. During the October 1973 war, Cuba sent soldiers and two tank divisions to Syria, which fought Israeli forces in the Golan Heights.
Beyond the battlefield, Cuba has waged a tireless diplomatic struggle for Palestine. In 1975, Cuba co-sponsored U.N. Resolution 3379, which declared that “Zionism is a form of racism and racial discrimination” and equated Israel with apartheid South Africa. The resolution passed by a vote of 72-35.
Over the decades, Havana has granted thousands of scholarships for Palestinians in Cuban universities.
ARGENTINA
Pro-Palestinian supporters marched toward the Israeli Embassy but were blocked by the heavy police presence surrounding the building, in Buenos Aires, Argentina on Dec. 23, 2024. The march called for global awareness and action to end what they described as systematic human rights violations against the Palestinian people. (LUCIANO GONZALEZ/ANADOLU VIA GETTY IMAGES)
The single largest recipient of Israeli weaponry in Latin America during the Cold War was Argentina’s fascist military junta. Upon seizing power in 1976, the regime launched a so-called “Dirty War” against students, intellectuals, trade unionists, human rights activists, journalists and anyone else suspected of left-wing sympathies. From 1978 to 1983, Israel sold more than $1 billion in military equipment to the junta, during which time it killed upwards of 30,000 people. Of those abducted, tortured, and executed, Argentine Jews were disproportionately represented. Investigations later revealed that the regime murdered 2,000 Jewish Argentinians while Tel Aviv’s arms sales to Argentina continued without interruption.
GUATEMALA
In Guatemala, a succession of military rulers, armed with Israeli weapons and guided by Israeli advisers, waged a genocidal war against the indigenous Maya population. Over 300 Israeli military advisers, drawing on their own experiences in Palestine, trained Guatemala’s armed forces and secret police in electronic surveillance, torture techniques and ethnic cleansing. Israel sent its pilots to carry out combat missions in Guatemala and even built a weapons factory, airbase and an electronics firm.
Israel’s role in Guatemala became overt after the United States suspended military aid in 1977, and Tel Aviv became the government’s primary source of armaments and training. General Benedicto Lucas Garcia, later prosecuted for mass killings, stated that “we see the Israeli soldier as the best soldier in the world today, and we look to him as a model and example.”
Israel also advised Guatemala’s rural pacification program, which sought to deprive leftist rebels of their support base among indigenous populations in the countryside. Guatemalan forces bulldozed towns and forcibly resettled Maya communities into “model villages” inspired by the Israeli kibbutz. By 1983, CBS News was reporting that Israeli counterinsurgency techniques in Guatemala had been “tried and tested on the West Bank and Gaza, designed simply to beat the guerrilla.”
Not content with its role in Guatemala, Israel became a power broker in the nation’s fractious political milieu. In his masterful expose, The Palestine Laboratory, Antony Loewenstein reports that Israel threw its weight behind hardline officer Efraín Ríos Montt, who seized power in a coup, in hopes that “its strong support for Montt might generate support for its occupation of the West Bank and lead him to move Guatemala’s embassy to Jerusalem.” Montt told ABC News that his putsch succeeded “because many of our soldiers are trained by Israelis.” Israel enabled Montt to accelerate the army’s genocide against the Maya people in what became known as Guatemala’s Silent Holocaust.
Between 1981 and 1983, the Guatemalan military unleashed an unprecedented wave of violence against the indigenous population, committing 626 documented massacres, razing 660 villages to the ground and killing approximately 100,000 people, overwhelmingly Maya civilians. In one of the genocide’s most infamous mass killings, a U.N. forensics investigation found that “all the ballistic evidence recovered corresponded to bullet fragments from firearms and pods of Galil rifles, made in Israel.” By the civil war’s conclusion in 1996, over 200,000 Guatemalans had been killed.
A LEGACY OF VIOLENCE
Latin America’s stance on Palestine and Israel is sharply divided—between those who see in Gaza a continuation of the horrors once inflicted upon them and those who recognize echoes of the past in Israel’s onslaught but applaud it.
To reactionaries who support military governance, Israel is a model. It represents the militarized hyper-nationalism and contempt for human rights that defined Latin America’s darkest decades. In their eyes, Israel stands as proof that governments can still defy international law with impunity and murder tens of thousands while receiving unconditional support from the U.S.
But for millions of Latin Americans, Palestine is a reflection of the mechanisms of brutality like those wielded against them and a struggle for justice that resonates far beyond the Middle East.
Jack McGrath is Middle East Books and More co-director and Washington Report editor.
Césaire, Aimé, and Robin D. G. Kelley. Discourse on Colonialism. Monthly Review Press, 2000.
FULL TEXT:
https://archive.org/details/DiscourseOnColonialismAimeCesaire/mode/1up?view=theater
https://en.wikipedia.org/wiki/Discourse_on_Colonialism
QUOTE:
“First we must study how colonization works to decivilize the colonizer, to brutalize him in the true sense of the word, to degrade him, to awaken him to buried instincts, to covetousness, violence, race hatred, and moral relativism; and we must show that each time a head is cut off or an eye put out in Vietnam and in France they accept the fact, each time a little girl is raped and in France they accept the fact, each time a Madagascan is tortured and in France they accept the fact, civilization acquires another dead weight, a universal regression takes place, a gangrene sets in, a center of infection begins to spread; and that at the end of all these treaties that have been violated, all these lies that have been propagated, all these punitive expeditions that have been tolerated, all these prisoners who have been tied up and interrogated, all these patriots who have been tortured, at the end of all the racial pride that has been encouraged, all the boastfulness that has been displayed, a poison has been instilled into the veins of Europe and, slowly but surely, the continent proceeds toward savagery.
"And then one fine day the bourgeoisie is awakened by a terrific reverse shock: the gestapos are busy, the prisons fill up, the torturers around the racks invent, refine, discuss. People are surprised, they become indignant.
"They say: “How strange! But never mind — it’s Nazism, it will pass!” And they wait, and they hope; and they hide the truth from themselves, that it is barbarism, but the supreme barbarism, the crowning barbarism that sums up all the daily barbarisms; that it is Nazism, yes, but that before they were its victims, they were its accomplices; that they tolerated that Nazism before it was inflicted on them, that they absolved it, shut their eyes to it, legitimized it, because, until then, it had been applied only to non-European peoples; that they have cultivated that Nazism, that they are responsible for it, and that before engulfing the whole of Western, Christian civilization in its reddened waters, it oozes, seeps, and trickles from every crack.”
https://archive.org/details/DiscourseOnColonialismAimeCesaire/page/n17/mode/1up?view=theater&q=%22AND+then+one+fine+day%22
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TRUMP Crippled as CANADA Vows to Cancel Another Defense Contract: What is NEXT?
**
Federal judges crush Trump’s tariffs
Will Trump dissolve the Supreme courts now?
Here’s the take-away
Stock futures rallied on the court ruling. Dow futures rose by 465 points or 1.1 percent, S&P 500 futures shot up 1.5 percent, and the tech-heavy Nasdaq futures surged by almost 400 points or 1.9 percent in after-hours trading.
Smoot Hawley tariffs of the 1930's are probably still relevant with respect to Trumps tariffs. Then the US put tariffs on 20,000 or so goods. All SH did was create a tariff war as other nations imposed tariffs on the US. This then depressed global trade. Also the US economy now is nothing like in the past as it is more based on services than products.
Trying to blame other nations for the US trade deficit is quite deceitful as it was US policies (engaging with China) and US corporations that over multiple decades that thinned out the US industrial base. I recall watching a Walmart sourcing conference where the theme was to get (bully) US suppliers into setting up manufacturing operations in China.