Libro de Visitas

Josephjag

28 Jul 2025 - 03:12 am

How Trump changed his mind on tariffs

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Peter Nicholas, Garrett Haake and Carol E. Lee
Reporting from Washington
mgmarket10.at
“Liberation Day” gave way to Capitulation Day last night.

President Donald Trump pulled back yesterday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.

Image: President Donald Trump
Saul Loeb / AFP - Getty Images
Trump’s early afternoon announcement followed a harrowing week in which Republican lawmakers and confidants privately warned him that the tariffs could wreck the economy. His own aides had quietly raised alarms about the financial markets before he suspended a tariff regime that he had unveiled with a flourish just one week earlier in a Rose Garden ceremony.
mgmarket4 at
The stock market rose immediately after the about-face, ending days of losses that have forced older Americans who’ve been sinking their savings into 401(k)s to rethink their retirement plans.

Read the full story here.

32m ago / 12:55 PM GMT+3
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China's foreign ministry calls the U.S. a '21st century barbarian'

Peter Guo

Reporting from Hong Kong

China's public language on its trade war with the U.S. has become increasingly bellicose and took a new turn today when Beijing's foreign ministry said the Trump administration's tariffs have made the U.S. a “barbarian of the 21st century.”

Trump’s tariffs will “never America great again” ministry of foreign affairs spokesperson Huang Jingrui, wrote in an open letter today in Hong Kong’s newspaper South China Morning Post.
mgmarket4 at
“A tariff-wielding barbarian who attempts to force countries to call and beg for mercy can never expect that call from China,” Huang said, adding that the U.S. is “obsessed with the art of bullying and blackmailing the entire world.”

47m ago / 12:40 PM GMT+3
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EU welcomes 90-day tariff pause

Peter Guo

The EU President Ursula von der Leyen said today that the region welcomes Trump’s announcement to pause tariffs for 90 days.

Von der Leyen said the EU remains “committed to constructive negotiations” with the U.S., according to a statement from her office.

Meanwhile, Europe continues to focus on diversifying their trade partnerships, engaging with countries that account for 87% of global trade, she said.

Trump’s tariffs have shown that the European internal market is the region’s “anchor of stability and resilience” in times of uncertainty, von der Leyen added.

1h ago / 12:27 PM GMT+3
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Trade war with China 'to spark a wave of smuggling'

Peter Guo

Reporting from Hong Kong
mgmarket
Irregular trade including smuggling will most likely rise amid the U.S.' and China's tit-for-tat tariffs, an economist warns.

The cost of tariffs has become “prohibitive to almost every company,” Tianchen Xu, senior economist at Economist Intelligence Unit.

“As a result, trade flows in both directions will tumble, and irregular trade will proliferate, including smuggling, transshipment and systemic under-reporting of trade value during customs clearance,” Xu said in a note.

Xu said trade negotiations and a partial de-escalation in the ongoing trade war may ensue in the coming months, but those tensions are likely to worsen in the short term between the world’s two largest economies.

1h ago / 12:09 PM GMT+3
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California plant business owner says costs will double with tariffs

Gadi Schwartz and Phil Helsel
The owner of a California home decor and plant shop said that even in dealing locally, the sourcing of goods from China is impossible to avoid.
mgmarket

https://mgmarket12.ru

Jasonantic

28 Jul 2025 - 03:09 am

The levies are also likely to reduce America’s economic output, as has happened before. A 2020 study, based on data from 151 countries, including the US, between 1963-2014, found that tariffs have “persistent adverse effects on the size of the pie,” or the gross domestic product of the country imposing them.
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There are a number of possible explanations for this.

One is that, when tariffs are low or non-existent, the country in question can focus on the kind of economic activities where it has an edge and export those goods and services, Gimber told CNN.
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“If you raise tariffs, you’re not going to see that same level of specialization,” he said, noting that the result would be lower labor productivity. “The labor could be better used elsewhere in the economy, in areas where you have a greater competitive advantage.”
Another reason output falls when tariffs are raised lies in the higher cost of imported inputs, wrote the authors of the 2020 study, most of them International Monetary Fund economists.

Fatas at INSEAD suggested the same reason, providing an example: “So I’m a worker and work in a factory. To produce what we produce we need to import microchips from Taiwan. Those things are more expensive. Together, me and the company, we create less value per hour worked.”

Yet another way tariff hikes can hurt the economy is by disrupting the status quo and fueling uncertainty over the future levels of import taxes. That lack of clarity is particularly acute this year, given the erratic nature of Trump’s trade policy.

Surveys by the National Federation of Independent Business in the US suggest the uncertainty is already weighing on American companies’ willingness to invest. The share of small businesses planning a capital outlay within the next six months hit its lowest level in April since at least April 2020, when Covid was sweeping the globe.

“The economy will continue to stumble along until the major sources of uncertainty (including over tariffs) are resolved. It’s hard to steer a ship in the fog,” the federation said.

Whichever forces may be at work, the IMF, to cite just one example, thinks higher US tariffs will lower the country’s productivity and output.

Robertlix

28 Jul 2025 - 02:44 am

By Henry Austin
A Russian-American woman who was imprisoned for treason by Russia has been freed, Secretary of State Marco Rubio said Thursday.
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Former ballerina Ksenia Karelina was born in Russia but had built a new life as an aesthetician at a Los Angeles spa after immigrating to the United States over a decade ago. She “is on a plane back home to the United States,” having been “wrongfully detained by Russia for over a year,” Rubio said on in a post on X. He credited President Donald Trump with securing her release.
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Karolina’s lawyer, Mikhail Mushailov, confirmed her release in a statement on Instagram. “Two hours ago she was in touch with her relatives and took off from Abu Dhabi to the U.S.,” he wrote, adding that he had known about her release since Tuesday.
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Russia’s Federal Security Service (FSB) detained Karelina in January 2024 while she was visiting her parents and young sister in the city Yekaterinburg. It did not provide further details or evidence of her alleged crime.
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At the time, Russian legal group Perviy Otdel said it had information that Karelina had donated just over $51.80 from her U.S. bank account on Feb. 24, 2022 — the day that Russia launched its full-scale invasion of Ukraine — to a charity that sends aid to Ukraine. A spa where she had previously worked confirmed this in a statement on Facebook.

Although Russia’s FSB did not confirm that figure, it said Karelina’s donation “was subsequently used to purchase tactical medical supplies, equipment, weapons, and ammunition for the Ukrainian armed forces.”

She was sentenced in August to 12 years in a penal colony for “high treason,” having “fully admitted her guilt” at a closed trial in the southwestern Russian city of Yekaterinberg, Sverdlovsky Region Court said in a news release at the time.

The sentence came against the backdrop of Russia’s 3-year-long war with Ukraine during which President Vladimir Putin’s government has cracked down on dissent. Any perceived criticism of the military is banned.

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Bobbybon

27 Jul 2025 - 10:19 pm

The levies are also likely to reduce America’s economic output, as has happened before. A 2020 study, based on data from 151 countries, including the US, between 1963-2014, found that tariffs have “persistent adverse effects on the size of the pie,” or the gross domestic product of the country imposing them.
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There are a number of possible explanations for this.

One is that, when tariffs are low or non-existent, the country in question can focus on the kind of economic activities where it has an edge and export those goods and services, Gimber told CNN.
https://kra35c.cc
кракен онион
“If you raise tariffs, you’re not going to see that same level of specialization,” he said, noting that the result would be lower labor productivity. “The labor could be better used elsewhere in the economy, in areas where you have a greater competitive advantage.”
Another reason output falls when tariffs are raised lies in the higher cost of imported inputs, wrote the authors of the 2020 study, most of them International Monetary Fund economists.

Fatas at INSEAD suggested the same reason, providing an example: “So I’m a worker and work in a factory. To produce what we produce we need to import microchips from Taiwan. Those things are more expensive. Together, me and the company, we create less value per hour worked.”

Yet another way tariff hikes can hurt the economy is by disrupting the status quo and fueling uncertainty over the future levels of import taxes. That lack of clarity is particularly acute this year, given the erratic nature of Trump’s trade policy.

Surveys by the National Federation of Independent Business in the US suggest the uncertainty is already weighing on American companies’ willingness to invest. The share of small businesses planning a capital outlay within the next six months hit its lowest level in April since at least April 2020, when Covid was sweeping the globe.

“The economy will continue to stumble along until the major sources of uncertainty (including over tariffs) are resolved. It’s hard to steer a ship in the fog,” the federation said.

Whichever forces may be at work, the IMF, to cite just one example, thinks higher US tariffs will lower the country’s productivity and output.

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27 Jul 2025 - 04:45 pm

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27 Jul 2025 - 12:43 pm

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Ketizet

27 Jul 2025 - 11:01 am

Living at a fast pace requires us to adapt. I'll share it, how I rebuilt my kitchen to meet the challenges of everyday life. Practical tips for those who want to create a functional and comfortable space without spending a lot of time on care and cooking.

Лайн турк сериалы

27 Jul 2025 - 08:01 am

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Michaelkic

27 Jul 2025 - 07:15 am

Tbilisi, Georgia — Jailed journalist Mzia Amaghlobeli gets weaker every day as her hunger strike has reached three weeks in Rustavi, a town near the Georgian capital of Tbilisi, her lawyer says. Now the 49-year-old is having difficulty walking the short distance from her cell to the room where they usually meet, and human rights officials, colleagues and family fear for her life.
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Amaghlobeli was arrested Jan. 12 during an anti-government protest in the coastal city of Batumi, one of over 40 people in custody on criminal charges from a series of demonstrations that have hit the South Caucasus nation of 3.7 million in recent months.
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The political turmoil follows a parliamentary election that was won by the ruling Georgian Dream party, although its opponents allege the vote was rigged.

Protests highlight battle over Georgia's future. Here's why it matters.
Its outcome pushed Georgia further into Russia's orbit of influence. Georgia aspired to join the European Union, but the party suspended accession talks with the bloc after the election.

As it sought to cement its grip on power, Georgian Dream has cracked down on freedom of assembly and expression in what the opposition says is similar to President Vladimir Putin's actions in neighboring Russia, its former imperial ruler.
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Brianphers

27 Jul 2025 - 07:04 am

High costs are still a big barrier to prospective customers, said Alan Gibson, principal at Maine-based builder GO Logic, where a shell for an ultra-efficient, two-story, 1,400 square foot home with three bedrooms can cost around $600,000.
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Homeowners also need to factor in additional costs, like buying and developing a suitable plot of land, and in some cases, getting access to water, electricity and septic, Gibson added.
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The way to bring down costs, Gibson believes, is more panelized, multi-family housing.

“It can be done so much more efficiently,” Gibson said, “and there’s a lot more repetition” for the developer, making the process faster and less expensive than custom multi-family builds.
Goodson, the homeowner in Maine, was able to save big money with his engineering background and penchant for DIY. He installed a rooftop solar system and electrical improvements himself, saving hundreds of thousands of dollars in the process. He wound up spending around $500,000 in all, which he estimates was $200,000 less than he otherwise would have.
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He was also able to take advantage of federal tax credits that reduced the cost of his rooftop solar, which saved him more than $10,000 on his panels. Those tax credits are now endangered with House Republicans’ tax bill.

“That was huge,” he said. “It’s fairly unfortunate they’re looking at doing away with it.”