Thomas Piketty: 'The reality is the US is losing control of the world'

The American president wants the 'Pax Americana' to be sustained by tribute payments from the rest of the world in order to endlessly fund US deficits. But with American power already in decline, we must begin to imagine a world without it, the economist writes in his column.

Le Monde
Trump extends China tariff truce 90 days, sparking market rally. But with core trade issues unresolved, is this just damage control disguised as diplomacy? https://hackernoon.com/trump-delays-china-tariff-by-90-days-is-xi-jinping-disregarding-american-pressure #worldeconomics
Trump Delays China Tariff by 90 Days- Is Xi Jinping Disregarding American Pressure? | HackerNoon

Trump extends China tariff truce 90 days, sparking market rally. But with core trade issues unresolved, is this just damage control disguised as diplomacy?

China cuts key lending rates to record lows to counter the impact of US tariffs

China’s central bank has cut its key lending rates to record lows to bolster the economy and cushion the impact of escalating trade tensions with the 


Euronews - By Tina Teng
Le “syndrome du canard”, la maladie de la jeune classe moyenne indonĂ©sienne

Alors que l’IndonĂ©sie pourrait intĂ©grer Ă  terme les cinq premiĂšres Ă©conomies mondiales, une partie croissante de sa classe moyenne lutte pour sauver les apparences, malgrĂ© un contexte Ă©conomique tendu. Un phĂ©nomĂšne analysĂ© par le journal “Kompas”.

Courrier International

Excellent breakdown by Faisal Islam, BBC Economics editor.



“an astonishing U-turn”

“10% universal tariff is now riddled with exemptions”

“the "Art of the Repeal". The 4D chess has been replaced by someone playing one dimensional checkers, but unable to tell the difference between opposing pieces”

https://www.bbc.com/news/articles/cde2z6jpzp8o?utm_source=flipboard&utm_medium=activitypub
#Trump #USPolitics #BBC #Politics #US #Republican #WorldEconomics #Economics #USEconomy #GlobalEconomy #Kompromat #Krasnov

Trump's iPhone olive branch is a significant trade war retreat

Exempting electronics from US tariffs is a stunning about-turn by the Trump administration after 10 days of chaos.

The 18 hours that changed Trump’s mind on trade

From Tuesday evening to Wednesday afternoon, Trump and his trade advisers spoke to several Republican lawmakers and top foreign leaders who raised concerns about the faltering global markets.

The Washington Post

Trump Tariffs.

They’ve been done before and were probably the trigger for the Great Depression, which was a disaster for the US. What will happen this time? I guess #Krasnov is doing good work.

This is a *really interesting read*

https://en.wikipedia.org/wiki/Smoot–Hawley_Tariff_Act

#Trump #US #USPolitics #Politics #Republican #WorldEconomics #Economics #USEconomy #GlobalEconomy #Kompromat #Krasnov #Wikipedia

Smoot–Hawley Tariff Act - Wikipedia

EU farmers plan protests as Von der Leyen approves Mercosur trade deal

Deal objected to by France will, if ratified, cut tariffs on trade with Argentina, Brazil, Paraguay and Uruguay

The Guardian

‘Musk’s Twitter Buy Makes No Sense – Unless It’s Part of Something Bigger’ – Byline Times https://bylinetimes.com/2022/11/07/musks-twitter-buy-makes-no-sense-unless-its-part-of-something-bigger/

"Instead of looking at Musk as a “businessman” who’s trying to make money in the old system of fiat currency, advertising, and revenues, perhaps he’s actually an ideologue looking to drag the whole world through a transition into a new economy. Then, his actions begin to make more sense."

#Twitter
#economics
#WorldEconomics

‘Musk’s Twitter Buy Makes No Sense – Unless It’s Part of Something Bigger’

Brexit and Trump were initially seen as jokes, but the new owner of the social media giant could pose a serious threat to democracy – and a boon for Vladimir Putin, writes David Troy

Byline Times

#USA a week ago publicly recommended that the #AfricanUnion (#AU) be granted membership in the #G20, a group that organizes annual meetings between the leaders of the world's biggest economies, and already includes the #EuropeanUnion (#EU) as a member.

https://www.aljazeera.com/news/2022/12/15/biden-backs-african-union-becoming-permanent-g20-

#geography #geopolitics #Africa #intergovernmental #economics #worldeconomics #politics #geographyteacher