"Reduction -in-force, *RIFs come at you fast:OPM in Feb told its entire procurement office they'd be laid off, effective 4/23. 4/21: #DOGE/OPM, concerned they wouldn't be able to buy anything anymore, pushed the RIFs back to 5/23. Today -they sent NEW notices with a 5/2 effective date"
-E Katz

Original coverage of these layoffs:

There is concern for the plight of fed workers, their work, & fired WKRs' future.

#Chaos #Musk #Trump #Unemployment #Trumpcession #USPol

https://www.govexec.com/workforce/2025/02/rif-watch-see-which-agencies-are-laying-federal-workers/403342/

"Last Nov, I was part of a bipartisan deleg to Europe, meeting w FIN leaders. Everyone we met was envious of the depth of US cap markets & econ outlook.Trump's destroyed both."
-Rep Casten

"The global economy will slow sharply this yr, weighed down by Trump’s imposition of the highest import taxes in >C +cloud of uncertainty that's billowed in their wake"-IMF.

His double-barreled tariff plan a 10% tax on nearly everything the US imports...
#Tariffs #Trumpcession #USPol https://www.washingtonpost.com/climate-environment/2025/04/22/trump-tariffs-imf-global-economy/

The number of Chinese freight vessels headed to the ports of LA & Long Beach, the top destinations for Asian freight, has dropped sharply.

The trade war b/w China & the US is leading to a demand plummet, & ocean carriers have started to suspend or adjust transpacific services.

“We are at a tipping point on the West Coast,” -logistics expert.

#Tariffs #Trumpcession #Unemployment #Stagflation #Trade #China #USPol

https://www.cnbc.com/2025/04/22/busiest-us-ports-see-big-drop-in-chinese-freight-vessel-traffic.html

"Bessent telling a "closed-door investor summit" yesterday that he expects de-escalation with China.

Not much in here that isn't obvious but that's just not a good look for Scott Bessent."
-Rev Cap

All the bad actors in the Trump regime just appease their leader. Apparently there aren't ongoing negotiations with China, but the stock market is up on the "hope" of lower China #tariffs.

"Manufacturing employs 11M, tourism 12M."
-S Galloway

"US rule change for low-value imports threatensthousands of small online sellers, e-commerce expert says."

Higher #tariffs & shipping costs, esp high rates from the #USPS, will bankrupt many small businesses, & likely some medium & large-sized businesses. It's Trump's corrupt intent.

#Privatization #Trumpcession #Economy #USPol https://www.freightwaves.com/news/air-cargo-faces-22b-revenue-hit-when-china-tariff-exemption-ends

Tariff Taxes up. Inflation up. Unemployment up. Interest rates up. Stock market down. Dollar down.

The Trump Depression is going to be "YUGE".

"These aren't legislators. They're JUNIOR STREET THUGS trying to get noticed in a protection racket."
-Rep Sean Casten

Trump has always been a mob boss. Craven GOP MOC refuse to rebuke him. They're responsible for the destroying Biden's economy.

A #GeneralStrike may be the only way to stop the carnage.

"This is quite crazy.

Acc to fmr Asst Sec of DEF Freeman, the Trump admin couldn't even explain to the Japanese negotiating team what they were looking to achieve with the #tariffs.

The Japanese have just been in DC. American l'ship: 'what're you offering?' Japanese : 'what's it that you want?' & theAmericans couldn't explain what they wanted."

Freeman: "the US broke virtually every AGT it's agreed to in recent decades incl the replacement for NAFTA with.."
-A Bertrand

"Trump ramps up attacks on Powell, demands ‘loser’ Fed chair lower rates 'NOW."

We wish this were the Onion, but Trump manages to ruin Easter week, & the foreseeable future bc his tariff's are wrecking the US #economy, & most of the global economy. His #privatization plan isn't subtle. Will GOP MOC continue to appease him? The equity markets are reeling, long rates are, the$ is, LEI is0.7%... Economists say that HIS #tariffs are causing inflation.
#USPol #Trumpcession
https://www.cnbc.com/2025/04/21/trump-powell-attacks-interest-rates-fed.html

CHINA SENDS BACK NEW BOEING JET MADE MORE EXPENSIVE BY TARIFFS

With estimated $55m price set to balloon by 125%, 737 Max returns to #Boeing Seattle production hub still wearing the colours of Xiamen #Airlines

Woo Hoo! So much winning! I'm sure this is going to do wonders for Boeing's stock price and quarterly report!

#China #Tariffs #TrumpCession #Recession

https://www.theguardian.com/us-news/2025/apr/21/china-returns-boeing-737-jet-us-too-expensive-tariffs

“Goldman Sachs economists estimate the U.S. could lose as much as 0.3% of GDP this year, or$90 BILLION, from a plunge in foreign tourism and boycotts of American products. Early signs of the pullback are starting to show up in economic data.”

#Tourism #Economy #Trumpcession #USPol

https://www.bloomberg.com/news/articles/2025-04-15/us-economy-is-set-to-lose-billions-as-foreign-tourists-stay-away

“Cleveland, OH is experiencing one of the most significant YoY trucking volume drops of major manufacturing cities. Down 35% YOY.

Dom freight out of LA is at the weakest levels (seasonally adjusted) it’s been since 2020.

Up till now, the "Liberation day tariffs" haven’t been a factor in declining volumes out of S Cal.

It’s going to get worse.”
-C Fuller

Trump’s #tariffs are decimating the #economy. Unless they’re rescinded soon, there’ll be a deep #recession by the fall.
#Trumpcession #USPol

"It could break us": Valley farmer says Chinese tariffs have crushed the alfalfa export market

“Schulz says he voted for #Trump and believes in the goals of his tariff plan, to bring #manufacturing back to the U.S. and expand exporter access to foreign markets”

Tell me how stupid you are by telling me how stupid you are. Geez, I’ll bet you the majority of his workforce are immigrants that trump pledged to deport

#Farming #Tariffs #trumpcession #TrumpRecession #farms

https://www.abc15.com/news/state/it-could-break-us-valley-farmer-says-chinese-tariffs-have-crushed-the-alfalfa-export-market

Hey ChatGPT:

"Summarize the Star Wars prequel trilogy from the perspective of someone critical of economic protectionism and trade wars."

Chinese Oil Purchases Are Down 90% But Canadian oil purchases Are Up 700%

So much winning… is this great enough?

"Only 3 times has the Philly Fed MANU Survey plunged more in a mo. 2X in spring 2020, & once in Oct 2008."
-J Weisenthal

"US #economy: willSLOW SHARPLY this year; #tariffs & other US policy shifts dampen activity & fuel global uncertainty. Tariffsprices, disrupting supply chains, & eroding real incomes. Frequent tariff changes make it hard for bus' to plan & invest."
-Peterson Inst

Fed's Williams: Growth this year is likely significantly slower & unemployment.

"Chinese purchases of American oil are down -90% Y/Y, while Chinese purchases of Canadian oil are up +700% Y/Y.

That’s a$20B annual loss for the United States at $60/barrel."
-S Hakimian

When will the Republican oil barons, mega-farmers... call their Senators & Reps to demand that Trump be impeached?

Nasdaq drops 4% as tech sell-off accelerates:

Shares of Nvidia sank 10%, after the co said it'll post a $5.5B quarterly charge related to exporting its H20 graphics processing units to CN & other nations -US govt required a license to send chips from the US to CN.

We're not enamored with bankers or hedge fund bros, but if they can stop the economic hemorrhaging by convincing Trump to rescind the tariffs, we'll be relieved.

#Tariffs #Trumpcession #Resist #April19 #USPol
https://www.cnbc.com/2025/04/15/stock-market-today-live-updates.html