Miguel Afonso Caetano<p>"Corporate clients are strengthening their balance sheets, pulling forward inventory and pausing spending or investments in their businesses, Citigroup’s Fraser said. Executives are locked in intense talks with bankers and running through scenarios. She expects that to turn into action later this year.</p><p>Along the way, the global economy may pay a price that “is not trivial,” International Monetary Fund Managing Director Kristalina Georgieva said. After all, trade imbalances built up for years and are coming to a head in a manner that is difficult to anticipate.</p><p>“We are now going from a predictable trade regime to what is going to be a new equilibrium,” she said. “The way from here to there, very uncertain.”</p><p>Such uncertainty is creating the potential for a recession — but economic growth may end up stronger, Michael Goosay, chief investment officer for fixed income at Principal Asset Management, said in an interview at Milken."</p><p><a href="https://www.bloomberg.com/news/articles/2025-05-05/milken-crowd-warms-up-to-tariffs-while-condemning-all-the-chaos" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">bloomberg.com/news/articles/20</span><span class="invisible">25-05-05/milken-crowd-warms-up-to-tariffs-while-condemning-all-the-chaos</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/TradeWar" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeWar</span></a> <a href="https://tldr.nettime.org/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://tldr.nettime.org/tags/GlobalTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalTrade</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PoliticalEconomy</span></a></p>
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#freetrade
5 posts · 4 participants · 0 posts today
Miguel Afonso Caetano<p>"Since the Seventies, America’s deficits have provided East Asia (first Japan, then China) and Europe (primarily Germany) the demand for their factories’ manufactures. In return, the European Union, Japan and later China sent their accumulated profits to Wall Street to be recycled into US private and public debt, some equities, and real estate. A Chinese official once described this mechanism to me as a “dark deal”. “Our Dark Deal with the Americans,” the official explained, “turns on the US trade deficit, which keeps demand for our manufactures high. In return, our capitalists invest the bulk of their dollar superprofits into America’s FIRE”. (The acronym stands for “Finance, Insurance, and Real Estate.”) “Once this process got underway, America shifted much of its industrial production to our shores.”</p><p>The problem with this global recycling mechanism was that, to function smoothly, it had to generate larger and larger imbalances: greater trade deficits for the US and more accumulated savings for Northern Europe and East Asia. But there are limits to how large imbalances can grow. Ruptures are inevitable. The longer they are delayed, the greater the pain they inflict — a truth that centrists never acknowledged, not even when it was tearing down their houses.</p><p>Trump’s greatest strength comes from asking the pressing question that the centrists refuse to countenance: what comes after the Dark Deal? What comes after the imbalances built on the US trade deficit have proven unsustainably massive? Scott Bessent, Trump’s Treasury Secretary, put it succinctly in a recent speech at the IMF: “Everywhere we look across the international economic system today, we see imbalance… This status quo of large and persistent imbalances is not sustainable… The persistent over-reliance on the United States for demand is resulting in an evermore unbalanced global economy.”"</p><p><a href="https://unherd.com/2025/05/the-centrist-comeback-wont-last/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">unherd.com/2025/05/the-centris</span><span class="invisible">t-comeback-wont-last/</span></a></p><p><a href="https://tldr.nettime.org/tags/Centrism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Centrism</span></a> <a href="https://tldr.nettime.org/tags/Liberalism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Liberalism</span></a> <a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://tldr.nettime.org/tags/PoliticalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PoliticalEconomy</span></a> <a href="https://tldr.nettime.org/tags/TradeDeficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradeDeficit</span></a> <a href="https://tldr.nettime.org/tags/PublicDebt" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>PublicDebt</span></a></p>
Lazarou Monkey Terror 🚀💙🌈<p>Lol, Contrarian Kemi at it again!</p><p>Starmer's secret weapon against the Tories, their own feckless leader. </p><p><a href="https://mastodon.social/tags/UKPOL" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UKPOL</span></a> <a href="https://mastodon.social/tags/UKPolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>UKPolitics</span></a> <a href="https://mastodon.social/tags/KemiBadenoch" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>KemiBadenoch</span></a> <a href="https://mastodon.social/tags/Starmer" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Starmer</span></a> <a href="https://mastodon.social/tags/Tories" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tories</span></a> <a href="https://mastodon.social/tags/Labour" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Labour</span></a> <a href="https://mastodon.social/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://mastodon.social/tags/India" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>India</span></a></p>
Nonilex<p><a href="https://masto.ai/tags/GlobalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalEconomy</span></a> already feeling drag from <a href="https://masto.ai/tags/TrumpTariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpTariffs</span></a></p><p><a href="https://masto.ai/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a>'s <a href="https://masto.ai/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> are increasingly clogging up the wheels of a world <a href="https://masto.ai/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> which for decades were greased by predictable & relatively <a href="https://masto.ai/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a>.</p><p>Big-name multinationals right down to niche e-commerce players last week cut sales targets, warned of <a href="https://masto.ai/tags/job" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>job</span></a> cuts & reviewed their <a href="https://masto.ai/tags/business" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>business</span></a> plans, while major economies revised down growth prospects amid bleak data read-outs.</p><p><a href="https://masto.ai/tags/recession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>recession</span></a> <a href="https://masto.ai/tags/trumpcession" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>trumpcession</span></a> <br><a href="https://www.reuters.com/world/china/global-economy-already-feeling-drag-trump-tariffs-2025-05-05/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">reuters.com/world/china/global</span><span class="invisible">-economy-already-feeling-drag-trump-tariffs-2025-05-05/</span></a></p>
Easily Pleased<p>…countries passed IP laws to protect US tech interests in exchange for tariff-free access to US markets. …[now we have] a generational opportunity to pass laws that enable local technologists to jailbreak US tech exports and liberate their people from the extractive practices of Big Tech forever. </p><p><a href="https://pluralistic.net/2025/05/01/its-not-the-crime/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">pluralistic.net/2025/05/01/its</span><span class="invisible">-not-the-crime/</span></a></p><p><a href="https://aus.social/tags/Cory_doctorow" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Cory_doctorow</span></a> <a href="https://aus.social/tags/unexpectedupside" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>unexpectedupside</span></a></p><p><a href="https://aus.social/tags/antitrust" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>antitrust</span></a> <a href="https://aus.social/tags/freetrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>freetrade</span></a></p>
Flipboard News Desk<p>Britain and the European Union are about to sign a formal commitment to “free and open trade” in response to U.S. President Donald Trump’s tariff plans. Read more from <span class="h-card" translate="no"><a href="https://flipboard.com/@politico" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>politico</span></a></span><br><a href="https://flip.it/1Z5Kgf" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="">flip.it/1Z5Kgf</span><span class="invisible"></span></a><br><a href="https://flipboard.social/tags/Britain" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Britain</span></a> <a href="https://flipboard.social/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> <a href="https://flipboard.social/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://flipboard.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://flipboard.social/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://flipboard.social/tags/Europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Europe</span></a></p>
UK<p><a href="https://www.europesays.com/uk/57955/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/uk/57955/</span><span class="invisible"></span></a> Brazil official optimistic for EU-Mercosur deal amid US tariff war <a href="https://pubeurope.com/tags/Brazil" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Brazil</span></a> <a href="https://pubeurope.com/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> <a href="https://pubeurope.com/tags/EUPolicy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EUPolicy</span></a> <a href="https://pubeurope.com/tags/Europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Europe</span></a> <a href="https://pubeurope.com/tags/European" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>European</span></a> <a href="https://pubeurope.com/tags/EuropeanCommission" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EuropeanCommission</span></a> <a href="https://pubeurope.com/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://pubeurope.com/tags/LulaDaSilva" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>LulaDaSilva</span></a> <a href="https://pubeurope.com/tags/Mercosur" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mercosur</span></a></p>
UK<p><a href="https://www.europesays.com/uk/53885/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/uk/53885/</span><span class="invisible"></span></a> EU Tries to Steer Through Latest Trump Turbulence <a href="https://pubeurope.com/tags/Brexit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Brexit</span></a> <a href="https://pubeurope.com/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> <a href="https://pubeurope.com/tags/Economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Economy</span></a> <a href="https://pubeurope.com/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> <a href="https://pubeurope.com/tags/Europe" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Europe</span></a> <a href="https://pubeurope.com/tags/European" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>European</span></a> <a href="https://pubeurope.com/tags/EuropeanUnion" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EuropeanUnion</span></a> <a href="https://pubeurope.com/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://pubeurope.com/tags/Trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trade</span></a> <a href="https://pubeurope.com/tags/U" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>U</span></a>.S.Economy</p>
Miguel Afonso Caetano<p>"In Finland, manufacturing accounted for 24 percent of GDP. By 1991, it had declined to 17. In Sweden, manufacturing as a share of GDP declined from 21 to 16 percent during the same period. But by the early 2000, Finland brought its manufacturing share of GDP back up to 24 percent, and Sweden raised its manufacturing share of GDP to 20 percent.</p><p>The same trend can be observed in Singapore. Singapore experienced quite a significant decline in manufacturing in the mid-1980s, from 27 percent to 20 percent. But by the mid-2000s, it had recovered back to 27 percent. By the way, Singapore, despite what people think, is one of the most industrialized countries in the world: in terms of per capita manufacturing output, it ranks in the top five globally. There’s an interesting myth about it being a service economy.</p><p>The most industrialized country in the world is Switzerland. You think that the Swiss are dealing in the black money from Third World dictators and selling cow bells and cuckoo clocks to American and Japanese tourists. Actually, it is literally the most industrialized country in the world, if you count in terms of manufacturing output per person.</p><p>These countries have managed to revive their manufacturing industry, and since then they have declined a bit. But the lesson here is that these countries could do that only because they had a deliberate policy to revive manufacturing. What Donald Trump is trying to do is wishful thinking. Countries that have successfully increased their manufacturing output have deliberate policies to support manufacturing. In the Swedish and Finnish case, it also extended to retraining the workers made redundant because of the decline in traditional manufacturing sectors and then turning them into workers for new industries."</p><p><a href="https://jacobin.com/2025/04/tariffs-protectionism-manufacturing-industrial-policy" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">jacobin.com/2025/04/tariffs-pr</span><span class="invisible">otectionism-manufacturing-industrial-policy</span></a></p><p><a href="https://tldr.nettime.org/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USA</span></a> <a href="https://tldr.nettime.org/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://tldr.nettime.org/tags/Manufacturing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Manufacturing</span></a> <a href="https://tldr.nettime.org/tags/Reindustrialization" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Reindustrialization</span></a> <a href="https://tldr.nettime.org/tags/Automation" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Automation</span></a> <a href="https://tldr.nettime.org/tags/ClassWarfare" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ClassWarfare</span></a> <a href="https://tldr.nettime.org/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://tldr.nettime.org/tags/Protectionism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Protectionism</span></a> <a href="https://tldr.nettime.org/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://tldr.nettime.org/tags/IndutrialPolicy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>IndutrialPolicy</span></a></p>
Global Threads<p>🇫🇷 FRANCE | 🇺🇸 US<br>🔴 France Softens Trade Tone Toward Trump</p><p> 🔸 Finance Min. Lombard urges “win-win” transatlantic deal at Semafor summit.<br> 🔸 Calls on EU to avoid tariff retaliation; prefers real free trade pact.<br> 🔸 Recent market jitters & Trump-Meloni talks push both sides toward détente.<br> 🔸 Apple & Meta fines kept low — sign of easing tensions.</p><p><a href="https://mastodon.social/tags/France" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>France</span></a> <a href="https://mastodon.social/tags/Trump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trump</span></a> <a href="https://mastodon.social/tags/Trade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Trade</span></a> <a href="https://mastodon.social/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> <a href="https://mastodon.social/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://mastodon.social/tags/Semafor" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Semafor</span></a> <a href="https://mastodon.social/tags/Apple" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Apple</span></a> <a href="https://mastodon.social/tags/Meta" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Meta</span></a></p>
Europe Says<p><a href="https://www.europesays.com/2017159/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/2017159/</span><span class="invisible"></span></a> Erkki Keldo: Tariffs tornado could deliver growth boost to Estonian companies | Opinion <a href="https://pubeurope.com/tags/Eesti" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Eesti</span></a> <a href="https://pubeurope.com/tags/ErkkiKeldo" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ErkkiKeldo</span></a> <a href="https://pubeurope.com/tags/estonia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>estonia</span></a> <a href="https://pubeurope.com/tags/EUEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EUEconomy</span></a> <a href="https://pubeurope.com/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://pubeurope.com/tags/GlobalEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>GlobalEconomy</span></a> <a href="https://pubeurope.com/tags/USTariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USTariffs</span></a> <a href="https://pubeurope.com/tags/Uudised" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Uudised</span></a></p>
David Thomas Jackson<p>Chris Riddell on <a href="https://mastodonapp.uk/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DonaldTrump</span></a>, the <a href="https://mastodonapp.uk/tags/EasterBunny" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EasterBunny</span></a> who came to break all the eggs - cartoon in The Observer, 20th April 2025.</p><p><a href="https://mastodonapp.uk/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> is smashed to pieces, while just a couple of chicks he fancies are spared.</p>
Europe Says<p><a href="https://www.europesays.com/2000945/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/2000945/</span><span class="invisible"></span></a> Uncertainty over Trump’s tariffs is stalling the economy <a href="https://pubeurope.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DonaldTrump</span></a> <a href="https://pubeurope.com/tags/Economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Economy</span></a> <a href="https://pubeurope.com/tags/FreeMarkets" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeMarkets</span></a> <a href="https://pubeurope.com/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://pubeurope.com/tags/imports" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>imports</span></a> <a href="https://pubeurope.com/tags/SmallBusiness" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>SmallBusiness</span></a> <a href="https://pubeurope.com/tags/TrumpAdministration" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TrumpAdministration</span></a></p>
Spin D'Accord<p>FT revisited a Cato/YouGov poll from last August, on free trade and manufacturing jobs.</p><p>Americans want more manufacturing jobs in the US, but they don't want to work in manufacturing. </p><p><a href="https://mas.to/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>USPol</span></a> <a href="https://mas.to/tags/economics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economics</span></a> <a href="https://mas.to/tags/freetrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>freetrade</span></a> <a href="https://mas.to/tags/manufacturing" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>manufacturing</span></a> </p><p><a href="https://www.cato.org/sites/cato.org/files/2024-08/Globalization%20Survey_2024.pdf" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">cato.org/sites/cato.org/files/</span><span class="invisible">2024-08/Globalization%20Survey_2024.pdf</span></a></p>
Global Threads<p>🇪🇺 EU<br>🔴 EU Seeks New Trade Allies Amid U.S. Tariff Shock</p><p> 🔸 EU eyes Mercosur, UAE, India & Indonesia to reduce reliance on US & China.<br> 🔸 Merz & Macron align on Mercosur deal; farmers still resist.<br> 🔸 Brussels defends WTO rules as last major global trade stabilizer.</p><p><a href="https://mastodon.social/tags/EU" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>EU</span></a> <a href="https://mastodon.social/tags/TradePolicy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>TradePolicy</span></a> <a href="https://mastodon.social/tags/Mercosur" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mercosur</span></a> <a href="https://mastodon.social/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://mastodon.social/tags/India" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>India</span></a> <a href="https://mastodon.social/tags/China" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>China</span></a> <a href="https://mastodon.social/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a></p>
Earthworm<p>I just read a headline that Macron (France) and and Merz (Germany) aim to ratify quickly the free trade agreement Mercosur (EU-South America). </p><p>Yes, the Mercosur many environmentalists, unions and smallscale farmers (e.g. <span class="h-card" translate="no"><a href="https://mastodon.social/@ViaCampesinaEU" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>ViaCampesinaEU</span></a></span> ) protested against. </p><p>With all the accelerated developments around Trump's unstable tariff announcements, we easily forget that free trade is not automatically good thing.</p><p>It's good for the large companies, the ones that can relocate or source their goods from the cheapest corner of the world. Such as the Brazilian companies in the hands of Bolsonaro-supporters, that happily destroy the Amazonas to grow cheap GMO soy for Spanish pig farmers that pollute the groundwater with nitrates and have immigrant workers under extremely bad conditions cutting meat to be exported to China.</p><p>Free trade does not solve, and even often aggravates, the problems of workers or the environment. Until a few months ago (specifically: until a former Blackrock executive and neoliberal-conservative ideologist was elected German chancellor), the EU was even considering to establish a CO2-tariff, so that imported goods would have to price in their emissions, in order to not give them an unfair advantage against the companies producing with stricter environmental policies inside the EU[*]. Another very important regulation about human rights in the supply chain got also decaffeinated.</p><p>Now, this "the world united against Trump's tariffs"-dynamics will be used by neoliberal assholes to push their agenda of "removing barriers to free trade".</p><p>Be careful with whom you associate, these days. </p><p>* yes, simultaneously, tariffs and regulations are used by the EU to maintain neocolonial advantages and to continue the exploitation of the Global South. With these power structures in place, *every* situation will be used to favour some and hurting many.</p><p>:anarchism: </p><p><a href="https://kolektiva.social/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a> <a href="https://kolektiva.social/tags/Economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Economy</span></a> <a href="https://kolektiva.social/tags/Merz" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Merz</span></a> <a href="https://kolektiva.social/tags/Macron" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Macron</span></a> <a href="https://kolektiva.social/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Tariffs</span></a> <a href="https://kolektiva.social/tags/ThoughtsAboutEconomy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ThoughtsAboutEconomy</span></a> <a href="https://kolektiva.social/tags/Mercosur" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Mercosur</span></a> <a href="https://kolektiva.social/tags/RegenerativeEconomics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>RegenerativeEconomics</span></a></p>
Europe Says<p><a href="https://www.europesays.com/1992909/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="">europesays.com/1992909/</span><span class="invisible"></span></a> Blackfeet Indians File Lawsuit Challenging Trump’s Canada Tariffs <a href="https://pubeurope.com/tags/Canad%C3%A1" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Canadá</span></a> <a href="https://pubeurope.com/tags/DonaldTrump" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>DonaldTrump</span></a> <a href="https://pubeurope.com/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a></p>
Sally Lowell<p>The Free Trade Hall. <br>The only public building in the UK that is named after a concept.</p><p><a href="https://biologists.social/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a></p><p><a href="https://biologists.social/tags/Manchester" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>Manchester</span></a> </p><p>.</p>
Strypey<p>"Free Trade Agreement" is a euphemism for the people of a country having no control over which products are exported to their country. Products they collectively pay to deal with when they break or reach EoL. Products that put their country in "balance of payments" debt to the countries who claim ownership of the most exports.</p><p>Imagine businesses could deliver any product they like to your home, putting you in debt to the countries they come from. That's household-scale "free trade".</p><p><a href="https://mastodon.nzoss.nz/tags/FreeTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>FreeTrade</span></a></p>
Sankofab<p>After Yoon, Korea must reckon with its imperfect democracy</p><p><a href="https://english.hani.co.kr/arti/english_edition/english_editorials/1191622.html" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://</span><span class="ellipsis">english.hani.co.kr/arti/englis</span><span class="invisible">h_edition/english_editorials/1191622.html</span></a></p><p><a href="https://zirk.us/tags/tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tariffs</span></a> <a href="https://zirk.us/tags/sanctions" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>sanctions</span></a> <a href="https://zirk.us/tags/economy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>economy</span></a> <br><a href="https://zirk.us/tags/nippon" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>nippon</span></a> <a href="https://zirk.us/tags/japan" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>japan</span></a> <a href="https://zirk.us/tags/tax" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tax</span></a> <a href="https://zirk.us/tags/finance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>finance</span></a> <a href="https://zirk.us/tags/brics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>brics</span></a> <a href="https://zirk.us/tags/tech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tech</span></a> <a href="https://zirk.us/tags/geopolitics" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>geopolitics</span></a><br><a href="https://zirk.us/tags/AntiImperialism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>AntiImperialism</span></a> <a href="https://zirk.us/tags/tiktok" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tiktok</span></a> <a href="https://zirk.us/tags/cdnpoli" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>cdnpoli</span></a> <br><a href="https://zirk.us/tags/antiPalestinianracism" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>antiPalestinianracism</span></a> <a href="https://zirk.us/tags/canada" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>canada</span></a> <a href="https://zirk.us/tags/usa" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>usa</span></a> <a href="https://zirk.us/tags/democracy" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>democracy</span></a> <a href="https://zirk.us/tags/freetrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>freetrade</span></a> <a href="https://zirk.us/tags/southkorea" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>southkorea</span></a> <a href="https://zirk.us/tags/china" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>china</span></a> <a href="https://zirk.us/tags/russia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>russia</span></a> <span class="h-card" translate="no"><a href="https://a.gup.pe/u/blackmastodon" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>blackmastodon</span></a></span> <span class="h-card" translate="no"><a href="https://newsmast.community/@politics" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@<span>politics</span></a></span></p>
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