Silicon Bites #126 - Economic Armageddon from Trumponomics Bringing Uncertainty, Chaos, Retaliation.

Edition No126 | 12-04-2025 - Trumponomics is bringing results. Uncertainty, chaos and retaliation. China has hiked tariffs on US imports to 125 percent. This rate is likely high enough to effectively dampen US access to the Chinese market. The implication are not clear, and it’s unlikely that anyone in the Trump administration has modeled this out in any detail. This announcement comes after the White House clarified it was imposing tariffs totaling 145% on China. This combines the previously announced 125-percent rate with a 20-percent import tax levied for fentanyl smuggling. White House press secretary Karoline Leavitt defended Trump’s aggressive tariff policy by citing similar measures he took against China during his first term. Evidence of the success from these original policies was not provided. “He effectively implemented tariffs in his first term while driving down the cost of living in this country. And that’s what he’s focused on doing again,” she said, repeating a GOP talking point. Economists, including from the United Nations have characterized Trump’s first-term trade war a “lose-lose” situation. There is evidence that both the US and China’s economies suffered losses, but little evidence for economic growth in the US as a potential benefit.----------LINKS:https://www.aljazeera.com/economy/liveblog/2025/4/11/trump-tariffs-live-china-hikes-tariffs-on-us-goods-as-trade-war-escalateshttps://news.sky.com/story/trump-tariffs-stock-markets-china-trade-war-latest-live-13209921https://www.theguardian.com/environment/2025/apr/11/trump-china-tariffs-california-farmshttps://edition.cnn.com/2025/04/11/politics/trump-china-trade-war-tariffs-strategy/index.htmlhttps://www.theguardian.com/world/2025/apr/09/china-unlikely-to-blink-first-as-trumps-trade-war-enters-uncharted-new-territory----------Easter Pysanky: Silicon Curtain - https://car4ukraine.com/campaigns/easter-pysanky-silicon-curtainCar for Ukraine has joined forces with a group of influencers, creators, and news observers during this special Easter season. In peaceful times, we might gift a basket of pysanky (hand-painted eggs), but now, we aim to deliver a basket of trucks to our warriors.This time, our main focus is on the Seraphims of the 104th Brigade and Chimera of HUR (Main Directorate of Intelligence), highly effective units that: - disrupt enemy logistics - detect and strike command centers - carry out precision operations against high-value enemy targetshttps://car4ukraine.com/campaigns/easter-pysanky-silicon-curtain----------SILICON CURTAIN FILM FUNDRAISERA project to make a documentary film in Ukraine, to raise awareness of Ukraine's struggle and in supporting a team running aid convoys to Ukraine's front-line towns.https://buymeacoffee.com/siliconcurtain/extras----------SILICON CURTAIN LIVE EVENTS - FUNDRAISER CAMPAIGN Events in 2025 - Advocacy for a Ukrainian victory with Silicon Curtainhttps://buymeacoffee.com/siliconcurtain/extrasOur first live events this year in Lviv and Kyiv were a huge success. Now we need to maintain this momentum, and change the tide towards a Ukrainian victory. The Silicon Curtain Roadshow is an ambitious campaign to run a minimum of 12 events in 2025, and potentially many more. We may add more venues to the program, depending on the success of the fundraising campaign. https://buymeacoffee.com/siliconcurtain/extrasWe need to scale up our support for Ukraine, and these events are designed to have a major impact. Your support in making it happen is greatly appreciated. All events will be recorded professionally and published for free on the Silicon Curtain channel. Where possible, we will also live-stream events.https://buymeacoffee.com/siliconcurtain/extras----------SUPPORT THE CHANNEL:https://www.buymeacoffee.com/siliconcurtainhttps://www.patreon.com/siliconcurtain----------