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#tariffs

442 posts229 participants7 posts today

alojapan.com/1257361/californi California surpasses Japan as world’s 4th-largest economy #California #economy #gdp #GovernorNewsom #GrowthRate #IMF #Japan #JapanNews #news #tariffs SACRAMENTO — California has officially overtaken Japan to become the world’s fourth-largest economy, according to newly released data from the International Monetary Fund (IMF) and the U.S. Bureau of Economic Analysis (BEA). Governor Gavin Newsom announced the milestone, highlighting the s…

"South China Morning Post reported that Chinese importers have canceled 12,030 metric tons of American pork. ...

''China’s duties on US imports have raised the effective tariff rate on pork shipments to 172%. US pork producers remain at the tip of the spear with China tariffs. The new tariffs make it impossible for American pork producers to compete in that market.'

… China bought $125 million in US pork last year."

~ Ron Filipkowski

#Trump #tariffs #China #pork

meidasplus.com/p/today-in-poli

Meidas+ · Today in Politics, Bulletin 118. 4/25/25By Ron Filipkowski

"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.

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.

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.

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."

jacobin.com/2025/04/tariffs-pr

jacobin.comHa-Joon Chang: There Should Be No Return to Free TradeDonald Trump’s attempts to overturn the global trade regime are chaotic and uncoordinated. As economist Ha-Joon Chang tells Jacobin, Trump has failed to see that the cause of the US’s relative decline is its own domestic capitalist class.

🇨🇳 CHINA | 🇺🇸 US
🔴 China Starts Tariff Exemptions for Some US Goods

🔸 131 US product categories—worth $45B—under review for tariff waivers.
🔸 Items include vaccines, jet engines, and critical petrochemicals.
🔸 China still vows to fight unless US lifts 145% tariffs.
🔸 Waivers may apply where US has no substitute—like ethane and key drugs.