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JasonNox from JasonNox wrote at 21 giugno 2025, 03:00:
WASHINGTON — “Liberation Day” just gave way to Capitulation Day.
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President Donald Trump pulled back Wednesday on a series of harsh tariffs targeting friends and foes alike in an audacious bid to remake the global economic order.
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.
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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.
Ahead of Trump's announcement, some of his advisers had been in a near panic about the bond markets, according to a senior administration official. Interest rates on 10-year Treasury bonds had been rising, contrary to what normally happens when stock prices fall and investors seek safety in treasuries. The unusual dynamic meant that at the same time the tariffs could push up prices, people would be paying more to buy homes or pay off credit card debt because of higher interest rates. Businesses looking to expand would pay more for new loans.
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Two of Trump's most senior advisers, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, presented a united front Wednesday, urging him to suspend the tariffs in light of the bond market, the administration official said.
In a social media post, Trump announced a 90-day pause that he said he’ll use to negotiate deals with dozens of countries that have expressed openness to revising trade terms that he contends exploit American businesses and workers. One exception is China. Trump upped the tariff on the country’s biggest geopolitical rival to 125%, part of a tit-for-tat escalation in an evolving trade war.
Trump reversed course one week after he appeared in the Rose Garden and unveiled his plan to bring jobs back to the United States. Displaying a chart showing the new, elevated tariffs that countries would face, Trump proclaimed, “My fellow Americans, this is Liberation Day.”
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KevinThect from KevinThect wrote at 21 giugno 2025, 02:58:
President Donald Trump wants to bring back American manufacturing in ways that would reshape the United States economy to look more like China’s. The campaign, which has led to a rapidly escalating trade war with China, has given ample social media fodder to Chinese and American observers alike.
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Announcing a series of sweeping tariffs in a move dubbed “Liberation Day,” Trump said last week that it will lead factories to move production back to American shores, boosting the U.S. economy after “foreign leaders have stolen our jobs, foreign cheaters have ransacked our factories, and foreign scavengers have torn apart our once beautiful American dream.”
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In a Truth Social post Wednesday, Trump announced that he is raising tariffs on goods imported from China to 125%, up from the 104% that took effect the same day, due to “the lack of respect that China has shown to the World’s Markets.” Higher targeted tariffs on other countries have been paused for 90 days, although the 10% baseline tariff will remain in place for all countries.
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Meme-makers and Chinese government officials have in recent days begun pointing out the irony of Trump’s tariff-driven manufacturing pivot through AI-generated satire and political cartoons that have percolated online, with many American users boosting the jokes.
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Ethena: The Future of Crypto and DeFi Innovation
Ethena is rapidly emerging as a prominent name in the world of cryptocurrency and decentralized finance (DeFi). With a focus on security, innovation, and user-centric solutions, Ethena is shaping the future of digital assets and financial protocols. Let’s explore the key aspects associated with Ethena, including its platforms, tokens, and ecosystem.
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Ethena Overview
Ethena is a blockchain project dedicated to creating secure, scalable, and user-friendly DeFi solutions. Its ecosystem encompasses various components such as Ethena Fi, Ethena Lab, and its native tokens like Ethena USDE. The project aims to bridge traditional finance with innovative crypto solutions, making decentralized finance accessible to a broader audience.
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JamesDow from JamesDow wrote at 21 giugno 2025, 01:26:
Tree-covered mountains rise behind a pile of trash, children run through the orange haze of a dust storm, and a billboard standing on parched earth indicates where the seashore used to be before desertification took hold. These striking images, exhibited as part of the Right Here, Right Now Global Climate Summit, show the devastating effects of climate change.
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The summit, held at the University of Oxford in the UK and supported by UN Human Rights (OHCHR), aims to reframe climate change as a human rights crisis and spotlight climate solutions. It works with everyone from policymakers to artists to get the message across.
“Photographers document the human rights impacts of climate change, helping to inform the public and hold governments and businesses accountable,” said Volker Turk, UN High Commissioner for the OHCHR, via email. “The Right Here, Right Now Global Climate Summit shows the power of collective action — uniting storytellers, scientists, indigenous leaders, and others to advance climate solutions rooted in human rights.”
Coinciding with World Environment Day on June 5, the exhibition — titled “Photography 4 Humanity: A Lens on Climate Justice” — features the work of 31 photographers from across the globe, all documenting the effects of global warming and environmental pollution on their own communities.
Climate change disproportionately affects vulnerable populations around the world. Despite emitting far fewer greenhouse gases, low-income nations are suffering the most from extreme weather events and have fewer resources to adapt or recover.
Photographs at the exhibition show the effects of desertification, flooding and plastic pollution. A black and white image shows the ruins of a house in West Bengal, India, sloping towards the Ganges River, with the owner sitting alongside. Riverbank erosion is degrading the environment and displacing communities in the area. Photographer Masood Sarwer said in a press release that the photo depicts the “slow violence” of climate change: “These are not sudden disasters, but slow-moving, relentless ones — shaping a new category of environmental refugees.”
Another photo, taken by Aung Chan Thar, shows children fishing for trash in Inle Lake, Myanmar. The lake was once a pristine natural wonder but now faces the growing threat of plastic pollution. “This image of children cleaning the water symbolizes the importance of education and collective action in preserving our environment for a sustainable future,” he said.
Organizers hope that the exhibition will help to humanize the climate crisis. “Our mission is to inspire new perspectives through photography,” said Pauline Benthede, global vice president of artistic direction and exhibitions at Fotografiska, the museum of photography, art and culture that is curating the exhibition at the summit. “It draws attention to the human rights issue at the heart of global warming, which affects both the world’s landscapes and the people that live within them.”
“Photography is the most influential and inclusive art form of our times and has the power to foster understanding and inspire action,” she added.
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