Showing posts with label TRUMP TARIFF THREATS. Show all posts
Showing posts with label TRUMP TARIFF THREATS. Show all posts

Thursday, January 22, 2026

The Treasury Sell-Off: Republicans Wiping Out Your Savings WHEN WILL "R" VOTERS INFORM THEMSELVES?

                  

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The Treasury Sell-Off: Republicans Wiping Out Your Savings


Trump’s Greenland Tariff Threats Send US Stocks, Bonds Falling — Morningstar Swedish Pension Fund Dumps U.S. Treasury Holdings as Trump Spirals — TNR S&P 500, Dow Jones, Nasdaq crash — Economic Times Trump Confuses Iceland and Greenland in Davos Remarks — NY Times

Why are US allies dumping Treasuries? Discover how political bluster is triggering a global sell-off, crashing the bond market, and wiping out American savings in 2026.

Which countries hold the most U.S. debt and could do the most damage by weaponizing it to retaliate it against Trump’s threats? Who are the Republicans who are ignoring their duty of having oversight over Trump’s tariffs? Check this StoryMap.

Why are our allies divesting from America? Click here to see who to hold responsible for losing your savings Hold Republicans accountable

Trump went on with threats against Greenland and his promise to hit Europe with high tariffs if governments there don’t support his seizure of Greenland, which drove the U.S. stock market sharply down. The Dow Jones dropped 870.74 points (1.76%), the S&P 500 was down 2.06%, and the Nasdaq Composite fell 2.39%, the worst day for all three of these major indexes since October. — That’s Another Fine Mess

Take Away: Call your MAGA rep: Demand they hold oversight over Trump and his demented tariff threats.

DISCLAIMER: ALTHOUGH THE DATA FOUND IN THIS BLOG AND INFOGRAPHIC HAS BEEN PRODUCED AND PROCESSED FROM SOURCES BELIEVED TO BE RELIABLE, NO WARRANTY EXPRESSED OR IMPLIED CAN BE MADE REGARDING THE ACCURACY, COMPLETENESS, LEGALITY OR RELIABILITY OF ANY SUCH INFORMATION. THIS DISCLAIMER APPLIES TO ANY USES OF THE INFORMATION WHETHER ISOLATED OR AGGREGATE USES THEREOF.


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Friday, January 17, 2025

POLITICO Nightly: Donald Trump’s first big spectacle


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By Tyler Weyant

Members of the U.S. military on stage.

Members of the U.S. military rehearse at the Capitol ahead of President-elect Donald Trump's inauguration. | Pablo Martinez Monsivais/AP

SHOWMAN IN CHIEF — Formal balls. Musical performances. Lots of red, white and blue. The parade at Monday’s inauguration of Donald Trump will now take place indoors due to the frigid weather, but all of it will remain a spectacle, a celebration of all things American.

But if you think that will be a show, you haven’t seen anything yet. The inauguration is merely the first in a four-year cavalcade of oversized events that seem tailor-made for the 47th president’s style.

The list of big-time events that will take place on Trump’s watch is formidable: There is the 250th anniversary of the Declaration of Independence — the U.S. Semiquincentennial celebration of the nation’s birthday next year. The 2026 World Cup. The 2028 Olympics. (And, on a more somber note, the 25th anniversary of the Sept. 11 attacks.)

These huge memorials, celebrations and entertainment events, starting with the Lexington and Concord anniversary of “the shot heard ‘round the world ” in April, represent a chance for Trump to engage in one of the parts of being president he seemed to relish in his first administration: The pageantry of America and patriotism. And he’s more than aware of the opportunity; he recently spoke about how he’s looking forward to the various displays of pageantry.

Trump tried his hardest to craft such events in his first term. After enjoying a military display in France for Bastille Day in 2017, Trump attempted to stage large parades and celebrations in Washington, complete with an array of heavy equipment. But while the “Salute to America” event did happen in 2019, complete with the Blue Angels and other military aircraft, the tanks he had requested were not able to go down Pennsylvania Avenue, due to concerns about damage to local infrastructure.

Still, that was small ball compared to the massive scale of a round-numbered national birthday or the world’s two largest sporting events. Consider America’s upcoming 250th birthday next year: Trump has already revealed parts of his plan for the yearlong event, including a task force to help coordinate a year of celebration that he wants to start this Memorial Day, a “Great American State Fair” in Iowa, sporting contests called “Patriot Games” for high school athletes, and the return of the National Garden of American Heroes that he pitched in his first term.

The World Cup — the most watched sporting competition on the planet — will take place across 11 American cities across the span of a month. And the Olympics, while taking place in Los Angeles, will unfold across California (and even in Oklahoma for softball and canoe slalom). Taken together, these events, coming so quickly one after the other, will be nationwide productions on a scale the country has not seen in some time.

And Trump, a man who delights in extravaganzas of any kind, will be president during them all. For proof, just look to his personnel announcements for the upcoming term. High up in his announcement of Joe Popolo as his pick for ambassador to the Netherlands, Trump noted that “he helped transform the Freeman Company into the World’s leading live event brand experience company.” His next-to-last Truth Social post of 2024 was a salute to Justin Caporale, who helped produce events such as the Madison Square Garden rally and the viral McDonald’s and trash truck moments from the campaign and will take an external role in producing further events post-inauguration. And of course, Mark Burnett’s role as special envoy to the UK came complete with references to his work producing the television hits “Survivor” and “The Apprentice.”

Even this week, Trump tapped actors Mel Gibson, Jon Voight and Sylvester Stallone as what he called special ambassadors to Hollywood, vowing to make the movie capital “bigger, better and stronger.”

These events will have meaning that goes beyond high production values. They will be cultural touchstones for a country whose residents claim they are quite tired of division. They will be national events that stretch across regions, pop culture phenomena that will spur viral moments and merch and memes. And with Trump in the White House, we can expect a dose of Trumpism in all of them.

Whoever won the 2024 election was going to be the presiding head of state for a four-year period when the world was watching America closer than ever. Now that it is Donald Trump, we have a president who basks in the spotlight and knows the world of event production perhaps better than any of his predecessors. We’re likely in for one hell of a show. Are you not entertained enough yet? Imagine if we go back to the moon .

Welcome to POLITICO Nightly. Reach out with news, tips and ideas at nightly@politico.com . Or contact tonight’s author at tweyant@politico.com or on X (formerly known as Twitter) at @tweyant .

What'd I Miss?

— Supreme Court upholds TikTok ban: The Supreme Court upheld a law that forces the sale of TikTok today, leaving the video-sharing app to be banned in the U.S. in two days if no deal is struck. Siding with the government, the justices upheld a lower court ruling that Congress did not violate the First Amendment when it passed the sell-or-ban law last year on national security grounds. The court also declined to stave off the impending deadline for the sale of TikTok. Starting Sunday, if the company is not sold, app stores and cloud providers who continue to host it could face billions of dollars in fines. Still, it is unclear if the ban will be implemented right away. A White House official indicated President Joe Biden will not enforce the ban, and President-elect Donald Trump has vowed to “save” TikTok.

— Inauguration to move indoors amid dangerously cold temperatures: Donald Trump and JD Vance will be sworn in to office inside the Capitol Rotunda on Monday — instead of outside the Capitol — as Washington, D.C. braces for dangerously cold temperatures, the president-elect posted on Truth Social. The entire inauguration ceremony, including prayers and speeches, will move indoors. The last time cold weather scuttled the outdoor inauguration ceremony was in 1985 when Ronald Reagan was sworn into his second term. James Monroe’s second inauguration was also held inside the Capitol, in the House chamber, because of a snowstorm.

— DeWine passes over Ramaswamy, will select Jon Husted for Senate: Gov. Mike DeWine has selected his own Lt. Gov. Jon Husted to become the next senator from Ohio , passing over entrepreneur and former presidential candidate Vivek Ramaswamy. Husted, a Republican more in DeWine’s institutionalist mold, had long planned to run for governor in 2026 to succeed DeWine. His ascent to the Senate will likely scramble the field in that race. Ramaswamy learned mid-morning today he would not be the pick, according to a person familiar with the discussion and granted anonymity to describe it.

THE NEXT ADMINISTRATION

HO-HUM MORNING South Dakota Gov. Kristi Noem underwent more than three hours of polite questioning from Democrats and praise from Republicans during her confirmation hearing to be the next secretary of Homeland Security today.

In testimony before the Senate Homeland Security and Governmental Affairs Committee, Noem committed to working with President-elect Donald Trump to reinstate the “Remain in Mexico policy,” an initiative from the first Trump administration that required those seeking asylum in the United States to wait in Mexico while their cases are processed.

She also pledged to shut down the Biden administration’s mobile phone application called CBP One, which migrants can use to set up appointments to seek asylum, and end the Cuban Haitian Nicaragua Venezuela parole program. Both are initiatives immigration hardliners see are too permissive.

EARLY RETIREMENT — IRS Commissioner Danny Werfel announced he will step down on Monday as the new Trump administration comes into power. Though he still has a couple years left on his term, Werfel is making way for former Rep. Billy Long (R-Mo.), whom Trump has nominated to replace him.

Werfel’s decision comes even as tax-filing season is set to begin later this month, and though Long appears to have some time before his nomination comes before lawmakers. In the interim, Werfel’s deputy, Doug O’Donnell, will run the agency.

AROUND THE WORLD

Elon Musk speaks as part of a campaign town hall.

Elon Musk speaks as part of a campaign town hall in support of Republican presidential nominee Donald Trump in Folsom, Pennsylvania, on Oct. 17, 2024. | Matt Rourke/AP

LOOKING UNDER THE HOOD — EU tech regulators are deepening their investigation of Elon Musk’s X after his repeated attacks on European governments, just days before Donald Trump takes office as U.S. president.

The European Commission announced today it would add new steps to an investigation that kicked off in December 2023. That probe turned politically contentious as Musk, who will take a key role in the incoming Trump administration, sided with European far-right parties, such as the German Alternative for Germany ahead of an election on Feb. 23.

Brussels faced pressure to investigate Musk’s compliance with EU social media law, the Digital Services Act, especially regarding a live-streamed chat Musk had with AfD leader Alice Weidel on Jan. 9.

NEW ERA The European Union and Mexico wrapped up talks today to overhaul their trade agreement , strengthening a partnership that is crucial for European automakers three days before Donald Trump, who campaigned on a protectionist ticket, is due to be sworn in as U.S. president.

The announcement represents a pre-emptive move to link arms after Trump threatened to hit U.S. neighbors Mexico and Canada with tariffs of 25 percent on taking office. The EU meanwhile faces U.S. tariffs of 10 percent to 20 percent — with analysts saying its car industry is at particular risk.

The modernization of the “global agreement” between the 27-nation bloc and Mexico will expand opportunities in services, strengthen supply chains and bolster investment protections, the European Commission said in a statement after talks between EU trade chief Maroš Šefčovič and Mexican Economy Minister Marcelo Ebrard.

Nightly Number

$1.9 trillion

The size the U.S. deficit will swell to in 2025 , according to Capitol Hill’s nonpartisan budget scorekeeper’s analysis published today.

RADAR SWEEP

FAREWELL, TIKTOK — As TikTok prepares to come to a close, users are spending the final days posting sarcastic goodbyes to the fictional Chinese spies monitoring it and clapping back at the government that banned it. That’s because over the course of its existence, TikTok has become more than a social platform where people dance and lip sync. It’s morphed into a powerhouse for producing and showcasing American culture, from memes, fashion trends, news, music, and community. For WIRED, Megan Farokhmanesh reports that American users aren’t convinced of the threat TikTok allegedly poses when “everybody” has their data.

Parting Image

FILE - In this Jan. 17, 1967 file photo, Muhammad Ali blows out the candles on a cake baked for his 25th birthday, in Houston. Ali's wife says the boxing great is still a "big kid" who enjoys his birthday parties. The three-time heavyweight champion turns 70 Tuesday, Jan. 17, 2012. He will be surrounded by friends Saturday night for a birthday party at the Muhammad Ali Center in his hometown. (AP Photo/Ed Kolenovsky, File)

On this date in 1967: Muhammad Ali blows out the candles on an oversized cake to celebrate his 25th birthday in Houston, Texas. | AP

Samantha Latson contributed to this newsletter.

 

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Tuesday, January 7, 2025

POLITICO Nightly: How Washington killed the fact check

 


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By Calder McHugh

Mark Zuckerberg speaks.

Mark Zuckerberg speaks during the Meta Connect conference on Sept. 25, 2024, in Menlo Park, Calif. | Godofredo A. Vásquez/AP

PANTS ON FIRE — It’s the end of an era for professional fact checking.

Mark Zuckerberg announced today that Meta would be changing its policy surrounding combating misinformation — adopting a much higher standard for removing content, ending the tech giant’s third-party fact checking program and relying instead on a community note system similar to the social media platform X. The move had the tenor and telltale signs of genuflecting before the new governing majority in Washington.

“The fact checkers have just been too politically biased, and they’ve destroyed more trust than they’ve created, especially in the U.S.,” said Zuckerberg in a video statement, echoing long standing Republican complaints about the fact checking industry.

In his five-minute address this morning, the billionaire co-founder of Meta explicitly noted that he would work with the Trump administration to combat stronger misinformation and censorship laws around the world.

But he also used the opportunity to signal to Washington that Meta recognizes there’s a new sheriff in town. In a not-so-subtle dig at the outgoing Biden administration, Zuckerberg argued that Meta’s efforts to counter the global trend toward misinformation and restrictions on speech “[has] been so difficult over the past four years when even the U.S. government has pushed for censorship.”

He spoke of being in “a new era now” and nodded to themes only recently litigated on the campaign trail. “[We’re] going to get rid of a bunch of restrictions on topics like immigration and gender that are just out of touch with mainstream discourse. What started as a movement to be more inclusive has increasingly been used to shut down opinions and shut out people with different ideas. And it’s gone too far,” Zuckerberg said.

And that wasn’t all. He pointedly announced Meta would move its content moderation teams from California to Texas — the proxies for the blue state-red state ideological divide — where he argued “there’s less concern about the bias of our teams.”

But Meta’s decision to ditch professional fact checking organizations and scale back its content moderation isn’t simply about power politics. It’s the result of a much broader cultural shift in the tech world that preceded Trump’s victory. Disinformation reporting and broader moderation is out of vogue in America, dismissed as another form of censorship by elites and an enemy to free speech.

In the immediate aftermath of Donald Trump’s first victory in 2016, the fact checking industry entered a boom time. Outlets like The New York Times and The Washington Post hired dedicated fact checkers — and the Times’ public editor (another relic of the past) noted that the organization was late to the fact checking business . Facebook, in the aftermath of misinformation on its platform during the 2016 election and the ultimate Cambridge Analytica scandal , created the third party fact checking program that the company just disbanded, relying on sites like Snopes and PolitiFact to add context to their posts. Those same sites, around since well before the Trump era, saw an explosion in traffic back then.

In response, conservatives — and ardent Trump supporters in particular — groused increasingly loudly about the partisan lean of fact checkers and a new class of “misinformation reporters.” Those frustrations went nuclear after Facebook and Twitter removed information about Hunter Biden’s laptop — much of which turned out to be correct — in the direct leadup to the 2020 election and after the Biden administration announced a short-lived “Disinformation Governance Board” in 2022 that commentators on the right and on the left painted as an Orwellian organ meant to regulate speech. After Trump proved his political staying power even after he himself was banned from Facebook and Twitter following the Jan. 6, 2021 attack on the Capitol, the idea that he won the first time because of pervasive misinformation started to look increasingly specious.

While “checking facts” sounds like a straightforward endeavor, the truth is that broader content decisions based on fact checking are always politically charged. As such, almost no one was completely happy with how social media platforms, in particular, handled fact checking. Liberals believed the Trump administration was consistently getting away with blatant lies, conservatives were convinced that all fact checkers were hopelessly biased, and even those who were further left or right complained of random, unfair censorship of their views.

Consequently, X and now Meta have insisted that they are returning power to the people. Fewer posts will be flagged or deleted. Political opinions of all sorts will be welcome. If they include incorrect facts, other users can self-police, the thinking goes.

Only it’s not so simple. Deleting fewer posts and banning fewer accounts might help social media companies argue that they’re re-committing to free speech, but as POLITICO’s Digital Future Daily pointed out today , they’re still operating with complex, shadowy algorithms that prioritize certain kinds of content over others. The presence or absence of Censorship has little to do with what people are actually seeing when they log onto Facebook, where the algorithm remains king.

Welcome to POLITICO Nightly. Reach out with news, tips and ideas at nightly@politico.com . Or contact tonight’s author at cmchugh@politico.com or on X (formerly known as Twitter) at @calder_mchugh .

What'd I Miss?

INVADING SOVEREIGN NATIONS?

— Trump refuses to rule out using military force to take Greenland and Panama Canal: 
President-elect Donald Trump today refused to rule out invading Greenland or Panama when asked if the U.S. could use military force to acquire the Arctic island or the canal in the Central American country. Asked if he would rule out economic or military coercion to gain control of Greenland and the Panama Canal, Trump said, “I’m not gonna commit to that. No. It might be that you’ll have to do something.”

— Cannon temporarily blocks release of Jack Smith report: U.S. District Judge Aileen Cannon has temporarily blocked the Justice Department from releasing special counsel Jack Smith’s final report on his two criminal investigations into Donald Trump. The extraordinary move, coming just days before Smith’s office is expected to shut down, scrambles the final stage of the special counsel’s work. Smith is expected to wrap up and deliver to Attorney General Merrick Garland a final report laying out the results of his probes into Trump’s handling of classified documents after he left office in 2021 and his attempt to subvert the 2020 election. Garland has said he would release the report publicly in some form. But Cannon’s order, issued at the request of two Trump allies who were co-defendants in the classified documents case, bars the Justice Department from releasing the report or any portion of it until three days after a federal appeals court rules on the issue.

— Appeals court judge rejects Trump effort to cancel hush money sentencing on Friday: An appeals court judge today rejected President-elect Donald Trump’s last-ditch bid to halt his Friday sentencing for his criminal conviction in the Manhattan hush money case. In a one-page decision, Associate Justice Ellen Gesmer wrote that Trump’s effort was “denied.” Trump has asked the New York appeals court to toss out the jury’s May verdict, which found Trump guilty of 34 felony counts of falsifying business documents. In his appeal, he argued that he is protected by presidential immunity — arguments that the trial judge, Justice Juan Merchan, rejected. Trump also sought to have the sentencing canceled while he appeals.

THE NEXT ADMINISTRATION

ACROSS THE AISLE Robert F. Kennedy Jr., President-elect Donald Trump’s choice to lead HHS, will meet with Senate Democrats on key health committees this week as he makes his case for why he should lead the sprawling department.

Sen. Bernie Sanders (I-Vt.), who is the ranking member of the Health, Education, Labor and Pensions Committee and also has a seat on the Finance Committee that would vote to approve Kennedy, will meet with Kennedy. So will Finance Democrats Michael Bennet of Colorado, Catherine Cortez-Mastro of Nevada, Maggie Hassan of New Hampshire, Elizabeth Warren of Massachusetts, and Mark Warner of Virginia, per a Kennedy spokesperson.

THE NOISY NEIGHBOR — President-elect Donald Trump today repeated his threat to impose tariffs on hundreds of billions of dollars worth of goods from Mexico and Canada to pressure both countries to stop the flow of illegal immigration and cross-border fentanyl shipments. “We’re going to put very serious tariffs on Mexico and Canada,” Trump said during a press conference at his Mar-a-Lago resort, a little less than two weeks before he is sworn into office for a second term as president.

THIS THREATENS THE FUTURE OF OUR NATION! TRUMP WILL NOT BE SWORN IN UNTIL JAN 20. 

CHINA IS LEADING THE WORLD WITH CHEAP CLEAN SOLAR & THEIR ECONOMY IS PROSPERING AS A CONSEQUNCE!

CONFIRMATION HEARINGS SET  The trio of nominees tapped to lead President-elect Donald Trump’s energy and environment team will get confirmation hearings next week before the Senate, demonstrating the high priority his new administration is putting on implementing its “drill, baby, drill” agenda.

North Dakota Republican Gov. Doug Burgum, Trump’s Interior secretary nominee, will go before the Energy and Natural Resources Committee on Jan. 14, according to Democratic staff with knowledge of the process.

The Energy Committee will hold a hearing for Liberty Energy CEO Chris Wright, nominated to be secretary of Energy, on Jan. 15, the people said. And the Environment and Public Works Committee is holding a hearing for former New York Rep. Lee Zeldin, Trump’s pick to run the Environmental Protection Agency, on Wednesday or Thursday of next week.

AROUND THE WORLD

Edmundo González Urrutia during an interview at the Hay-Adams hotel.

Edmundo González Urrutia during an interview at the Hay-Adams hotel in Washington on Jan. 6, 2025. | Angelina Katsanis/POLITICO

DUELING LEADERS — In the eyes of President Joe Biden and much of the world, Edmundo González Urrutia is the rightful next president of Venezuela. Yet he’s in Washington this week seeking America’s help making that a reality.

Venezuela holds its inauguration on Friday, and strongman ruler Nicolás Maduro is planning to be sworn in. González says he, too, intends to be there to take the oath of office — if he can reach Venezuela’s shores, avoid the $100,000 bounty on his head, and convince Maduro to step aside. The odds are against González, but he’s doing his best to convince Biden, aides to President-elect Donald Trump and other American leaders to support his cause.

In an interview with POLITICO , the 75-year-old González was upbeat about his prospects. He stressed that he wants a peaceful transfer of power in Venezuela, and is not requesting outside military intervention, but he also pointed to some not-quite-analogous examples of transitions that at times felt impossible.

‘NOT A SNOWBALL’S CHANCE IN HELL’ — Prime Minister Justin Trudeau struck back today at more than a month of social media taunting from President-elect Donald Trump , saying there wasn’t “a snowball’s chance in hell” of Canada becoming America’s 51st state.

Trump has used the “51st State” jab repeatedly since Trudeau and Finance Minister Dominic LeBlanc dined with his team at his Florida compound in late November during the U.S. Thanksgiving weekend.

Trudeau accepted an invitation from Trump after the president-elect threatened to impose 25 percent tariffs on all Canadian imports from the U.S. unless it did more to stop the flow of illegal drugs and migrants across their shared border.

Trudeau’s team has regularly dismissed Trump’s comments — which regularly include referring to the prime minister as “Governor Trudeau” — as good-natured joking.

The joke apparently wore off on Trudeau after Trump expanded on why Canada ought to become a state during his Mar-a-Lago press conference, a typically free-flowing event in which Trump said he would use “economic force” on Canada.

In an afternoon post on X, Trudeau wrote: “There isn’t a snowball’s chance in hell that Canada would become part of the United States. Workers in communities in both our countries benefit from being each other’s biggest trading and security partner.”

Nightly Number

42

The percentage of U.S. oil executives responding to a Federal Reserve Bank of Dallas survey last week who said their spending on new projects in 2025 would be the same or lower compared with last year, while another 43 percent said it would “increase slightly.”

RADAR SWEEP

MY YEAR OF MAGICAL THINKING — It’s the new year, and resolutions — online and offline — remain common. But another, related trend is surging on the internet, in particular on TikTok: manifestation. Popularized in particular among young women, the idea is that our internal thoughts and feelings can influence external events or our lives . Dream big, and good things will happen to you. But the wellness flavor of manifestation can also take a dark turn, especially when bad things happen to people who are manifestation devotees. Just like you’re responsible for all of the good that happens to you, so too are you responsible for all of the bad, the thinking goes. Lucy Jones writes about the trend for Refinery29.

Parting Image

On this date in 1980: Soviet heavy armor rolls on the snowy foothills in Afghanistan at a small encampment near Kabul after elements of the Soviet armed forces made their entry into Afghanistan territory.

On this date in 1980: Soviet heavy armor rolls on the snowy foothills in Afghanistan at a small encampment near Kabul after elements of the Soviet armed forces made their entry into Afghanistan territory. | Michel Lipchitz/AP

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I Spoke with Xavier Becerra About Why Trump's California Attacks Matter to Every American

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