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It’s 5am and I just watched that Trump “Liberation Day” press conference and it’s the dumbest thing to happen since the last dumbest thing to happen (there’s a lot of competition).
All that will cause is inflation in the US.
Microsoft have pulled the plug on 6 of its AI datacenter plans in 4 countries, including the UK. Good.
Microsoft’s share price is down 9% year on year, as although everybody was told it’s the beginning of the next Industrial Revolution, it hasn’t actually happened and instead we’ve just collectively flushed the planet down the toilet.
“The local government leader of Christmas Island, one of several Australian external island territories that like Australia have been assigned a 10% U.S. tariff, said his Indian Ocean atoll exported nothing to the United States.”
https://apnews.com/live/donald-trump-news-updates-4-2-2025#00000195-fb2a-d1d8-a3df-fbbfb07c0000
‘Freedom Convoy’ organizers Lich, Barber to hear verdict in mischief trial https://www.winnipegfreepress.com/canada/2025/04/03/freedom-convoy-organizers-lich-barber-to-hear-verdict-in-mischief-trial
Well, we finally got here:
Here’s MAGA Representative Self from Texas, quoting Joseph Goebbels in support of his argument.
https://fed.brid.gy/r/https://bsky.app/profile/did:plc:mxc7liuon6iq5gzapmmwkq22/post/3llubh44qvc23
The "geniuses" at the White House are trying to put a lipstick on this pig by posting this equation for the tariff supposedly charged by other countries, with impressive-looking Greek symbols.
As many have pointed out, the ϵ * φ factor is 1, since they chose ε = 4 and φ = 0.25; hence, the formula reduces to simply the trade deficit divided by imports, which has no relationship with the actual tariff rates charged by the country on U.S. goods.
https://ustr.gov/issue-areas/reciprocal-tariff-calculations
9/n
Paul Krugman: Stop Looking for Methods in the Madness. There’s no plan, secret or otherwise, behind Trump’s tariffs.
"There can’t be any secret agenda behind the Trump tariffs, because there’s nobody around Trump with the knowledge or independence to devise such an agenda. This is all about Trump’s gut feelings.
Trump wants each country to grovel and want to cut a deal.
Since most of our trading partners aren’t in a groveling mood, trade war seems inevitable."
https://paulkrugman.substack.com/p/stop-looking-for-methods-in-the-madness
1/n
#England ist das Land, wo die Teekanne in einem jahrhundertelangem, evolutionären Prozess so entwickelt wurde, dass mehr verschüttet wird, als in der Tasse landet.
“Despite a petition from more than 1,000 economists urging him to veto the legislation, Hoover signed the bill into law on June 17, 1930.”
Sounds like another terrible president I’ve heard of…
