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#US

2.2K posts646 participants63 posts today

Countries agree to global carbon tax on shipping after decade of talks

The agreement, which goes into effect in 2028, makes the shipping industry the first to face international binding emissions targets

washingtonpost.com/climate-sol

The Washington Post · Countries agree to global carbon tax on shipping, opposed by TrumpBy Mikhail Klimentov
#USA#US#ClimateChange

Beijing is not backing down to Trump on tariffs because it doesn't have to. China has a capacity to stand up to US that's way beyond any other country on Earth.

Before the tariff war kicked in, China did have a massive volume of sales to the US but, to put it into context, this only amounted to 2% of its GDP. On top of that, Chinese counter tariffs are going to hurt US exporters adding to the economic damage the US is inflicting on itself.

bbc.com/news/articles/cjew7y4j

Stock exchange market display screen board on the street showing stock market crash sell-off in red colour - stock photo
www.bbc.comAnalysis: Why Beijing is not backing down to Trump on TariffsAmid a trade war with the US, our China correspondent explains why Beijing doesn't need to change tactics.
#us#china#economy

🔴 🇺🇸 💲 **Collapse of the dollar shows ‘the biggest damage right now is to the U.S. brand’**

_“What we are going through now is worse than when former President Nixon took us off the gold standard in August 1971,” said Marc Chandler, the New York-based chief market strategist for Bannockburn Global Forex._

🔗 marketwatch.com/story/the-coll.

via David Corn:
bsky.app/profile/davidcorn.bsk

If you feel like being inspired by a big law firm, here's the opening to Sussman Godfrey's lawsuit against Trump and his executive order targeting the firm. It still is amazing other firms caved quickly to Trump's mob-like and unconstitutional shakedown.
storage.courtlistener.com/reca

#Trump#GOP#Politics