Libro de Visitas

Michaeldiacy

01 May 2025 - 05:38 am

How Trump changed his mind on tariffs

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Peter Nicholas, Garrett Haake and Carol E. Lee
Reporting from Washington
mgmarket3 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.
mgmarket1.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
mgmarket4 at
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.
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https://mgmarket5at.net

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01 May 2025 - 05:25 am

A little off the main path — energy bomb inside

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Also found DJ Gafur Breaks & Breakbit Radio — definitely check it out!

Anyone here into breakbeat?

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01 May 2025 - 04:32 am

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01 May 2025 - 03:21 am

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01 May 2025 - 01:31 am

Slightly off-topic, but worth a look for food lovers

Just while browsing recipes I discovered a site https://kitchen.myusefulnotes.online.

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Some titles that stood out:
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Also found this amazing food knowledge hub — worth a scroll!

Love finding smart kitchen tricks?

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01 May 2025 - 01:01 am

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01 May 2025 - 12:32 am

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Byronbyday

01 May 2025 - 12:23 am

Critics say this power imbalance is clear in the 2016 contract Guyana signed with Exxon. Under the agreement, Exxon keeps 75% of everything it makes from its oil operations in Guyana, with the remaining 25% shared equally between the company and the government, which also takes a 2% royalty.
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“It was a bad deal,” Ali said in the BBC interview, but he has rejected the idea of unilaterally changing the agreement, which was signed by the previous government. He says the next contract with Exxon will be on different terms.

An Exxon spokesperson said the contract is “globally competitive for countries at a similar stage of exploration” and said Guyana is averaging $1 billion a year in “oil profits.”

Exxon has also faced a number of lawsuits over its potential environmental impact, many filed by Melinda Janki, a Guyanese international lawyer, who drafted the country’s Environmental Protection Act back in the 1990s.

A big victory for Guyana’s people and environment came in 2023, when the court ruled Exxon should have unlimited liability for the costs of any oil spill. Exxon has since appealed the ruling and has posted a $2 billion guarantee while it awaits the appeal outcome.
Exxon said this commitment supplements “its robust balance sheets … and the insurance policies they already had in place.” Janki says this isn’t enough. Offshore oil spills can be extremely expensive to deal with, the 2010 Deepwater Horizon spill cost nearly $70 billion to clean up.

The push and pull between those who say oil offers Guyana a brighter future and those who fear the industry’s impact will continue.

Exxon said it’s had a positive impact on the country, including employing more than 6,200 people, investing more than $2 billion with local Guyanese businesses since 2015 and spending more than $43 million on community projects.