Sunday, February 2, 2025

'Is it for a day or four years?' Tariff uncertainty spooks small businesses

 https://www.bbc.com/news/articles/c1kmp99431mo

Trump's orders set in motion threats that the president has discussed for months, striking at shipments from America's top three trade partners, which together account for more than 40% of the roughly $3tn goods the US imports each year.

Canadian oil and other "energy resources" will face a lower 10% rate. But otherwise, there will be no exceptions, the White House said.

183 Palestinian security prisoners released after Hamas sets free 3 civilian hostages

 https://www.timesofisrael.com/183-palestinian-security-prisoners-released-after-hamas-sets-free-3-civilian-hostages/

Israel freed 183 Palestinian prisoners on Saturday, shortly after three Israeli hostages taken by Hamas on October 7 were released by the terror group in the Gaza Strip.

According to Palestinian authorities, 18 of the prisoners were serving life sentences. Over 100 were from the Gaza Strip, arrested after October 7, 2023, and were being held without trial.

Thirty prisoners, including three serving life sentences, were released for each of the hostages Keith Siegel and Ofer Kalderon, and 12 prisoners serving life sentences were released for Yarden Bibas.

Farmers Plead ‘Stop Our Fields Flooding’ as Trump Opens Dams

 https://www.thedailybeast.com/farmers-plead-stop-our-fields-flooding-as-trump-opens-dams-in-california/

Multiple water management experts told Politico that moves like the one initially planned to hit Tulare County could have serious consequences.

“Something really bad could happen because of their nonsensical approach,” said a former official at Bureau of Reclamation, the primary agency responsible for delivering water in the western U.S. “Floods are real. This isn’t playing around with a software company.”

Hernandez was in agreement.

“Channel capacity is very dangerous,” he said. “People don’t understand that [with] channel capacity, you’re going to have flood damage down below.”

Wall Street Journal slams Trump’s tariff plans: ‘The dumbest trade war in history’

 https://thehill.com/business/5121142-wall-street-journal-slams-trumps-tariff-plans-the-dumbest-trade-war-in-history/

“Mr. Trump sometimes sounds as if the U.S. shouldn’t import anything at all, that America can be a perfectly closed economy making everything at home. This is called autarky, and it isn’t the world we live in, or one that we should want to live in, as Mr. Trump may soon find out,” they outlined. 

‘No New Wars’: Trump Boasts He Bombed Somalia

 https://www.thedailybeast.com/no-new-wars-trump-boasts-he-bombed-somalia/

Newly elected President Donald Trump, who made a campaign promise of not starting any "new wars," seemingly went back on his word when he announced on X on Saturday that he had ordered bombings in Somalia. “This morning I ordered precision Military air strikes on the Senior ISIS Attack Planner and other terrorists he recruited and led in Somalia,” Trump shared on the platform. “These killers, who we found hiding in caves, threatened the United States and our Allies. The strikes destroyed the caves they live in, and killed many terrorists without, in any way, harming civilians,” he continued. His announcement wasn’t complete without throwing in a jab at Joe Biden, who Trump says “wouldn’t act quickly enough to get the job done.” “The message to ISIS and all others who would attack Americans is that ‘WE WILL FIND YOU, AND WE WILL KILL YOU!’” Trump wrote at the end of his message. Underneath his post, Trump devotees applauded the strikes.

Trudeau Tells Trump: Your Tariff War Will Shut American Factories

 https://www.thedailybeast.com/justin-trudeau-tells-donald-trump-tariff-war-will-shut-american-factories/

Speaking hours after the Star-Spangled Banner was booed at a hockey game in Ottawa, Trudeau spelled out an aggressive response of his own to go toe-to-toe with Trump on the sudden trade sanctions. At almost exactly the same time, Mexican president Claudia Sheinbaum imposed retaliatory tariffs to match Trump’s on her country—meaning America, for the first time in history, is in a trade war with its northern and southern neighbors.

Why Arab States Hate Trump’s Plan to Relocate Palestinians

 https://www.wsj.com/world/middle-east/why-arab-states-hate-trumps-plan-to-relocate-palestinians-384ac1d3?mod=hp_lead_pos11

President Trump has repeatedly said he wants Palestinians in Gaza to move out of the devastated enclave and into neighboring Egypt and nearby Jordan. The Arab world is pushing back, ostensibly because it would undermine efforts to create a Palestinian state.

The Dumbest Trade War in History

 https://www.wsj.com/opinion/donald-trump-tariffs-25-percent-mexico-canada-trade-economy-84476fb2?mod=hp_opin_pos_0

President Trump will fire his first tariff salvo on Saturday against those notorious American adversaries . . . Mexico and Canada. They’ll get hit with a 25% border tax, while China, a real adversary, will endure 10%. This reminds us of the old Bernard Lewis joke that it’s risky to be America’s enemy but it can be fatal to be its friend.

With stiff tariffs he promised now in place, Trump opens a new trade war

 https://edition.cnn.com/2025/02/01/politics/tariffs-trump-campaign-promise/index.html

Saturday’s tariffs amount to a starting gun on what could escalate into a global trade war, with the potential for higher costs, disrupted supply chains and a loss of jobs. The duties he approved Saturday have a lower 10% rate on Canadian energy, a tacit acknowledgement that the tariffs could lead to higher gas prices. Even Trump acknowledged the potential for adverse consequences on American consumers.

Trump announces significant new tariffs on Mexico, Canada and China, sparking retaliatory actions

 https://edition.cnn.com/2025/02/01/politics/mexico-canada-china-tariffs-trump/index.html

 President Donald Trump announced extraordinary new tariffs on Mexico, Canada and China — signing the long-promised economic policy at his Mar-a-Lago club on Saturday. The Trump administration said tariffs are aimed at curbing the flow of drugs and undocumented immigrants into the US, but they potentially risk substantial price increases for American consumers across an array of common goods from avocados to sneakers to cars.

Hours later, Mexican President Claudia Sheinbaum said her country will impose retaliatory tariffs, and Canadian Prime Minister Justin Trudeau announced “far-reaching” retaliatory levies. China’s commerce ministry said it will file a complaint with the World Trade Organization and “take corresponding countermeasures,” without elaborating.

The hostage deal and its implications

https://www.israelnationalnews.com/news/403250 

As far as the Nation of Israel is concerned, this deal is one that brings degradation and dishonor to our people. One does not make deals with terrorists. One kills them and erases them from the earth. And especially when we have to accept their dictates. That is why this is a really terrible deal in my eyes and in the eyes of many others, not just because of the dangers but because of the damage done to the honor of both the heavens and Israel.

Saturday, February 1, 2025

Trump SLIPS UP With Revealing Mistake Over Colossal Tariff Consequences

China Hits Back with 75% Tariffs—A Major Economic Blow to the U.S.! Electric Vehicles & Trade Wars

Trump's push to deport criminal immigrants faces limits

 https://www.axios.com/2024/11/29/trump-deport-immigrants-criminals

President-elect Trump is vowing to launch the "largest deportation of criminals in American history" as part of his plans to remove millions of undocumented immigrants from the U.S.

What he doesn't say: There aren't that many criminals who could be deported immediately.

Driving the news: Less than 0.5% of the 1.8 million cases in immigration courts during the past fiscal year — involving about 8,400 people — included deportation orders for alleged crimes other than entering the U.S. illegally, an Axios review of government data found.

The Trump transition team declined to address the low number of current immigration cases involving immigrants who've committed crimes.