tfm

joined 6 months ago
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cross-posted from: https://lemmy.ml/post/30064303

 
19
One Cell Tell (infosec.pub)
 

cross-posted from: https://lemmy.world/post/29539988

Donald Trump will inevitably claim Monday’s temporary truce in the US-China trade war as a victory, but financial markets seem to have read it for what it is – a capitulation.

Stocks were up and bond yields were higher after the US treasury secretary Scott Bessent’s early morning press conference in Geneva, where he has been holding talks with China.
As with the UK “trade deal” last week, the US is not reverting to the status quo before Trump arrived in the White House.

Instead, tariffs on Chinese goods will be cut from 145% to 30% – initially for a 90-day period. In return, China has cut its own tariffs on US imports to 10%, from the 125% it had imposed in retaliation against the White House.

That still marks a big shift in the terms of trade between the two countries since before Trump came to power, but falls far short of what was in effect a trade embargo.

Instead, the statement hailed “the importance of a sustainable, long-term and mutually beneficial economic and trade relationship”. The language was rather different to Trump’s Liberation Day speech, about the US being “looted, pillaged, raped and plundered by nations near and far”.

In other words, the president has caved. He may have been swayed by market wobbles but it seems more plausible that dire warnings from retailers about empty shelves – backed up by data showing shipments into US ports collapsing – may have strengthened the hands of trade moderates in the administration.

 
37
Genetics (europe.pub)
 
 

cross-posted from: https://lemmy.zip/post/38381697

 

cross-posted from: https://lemmy.zip/post/38381697

 

cross-posted from: https://lemm.ee/post/63714263

German software giant SAP will cut several of its diversity programmes to abide by new requirements of the US administration, a spokesman told AFP on Sunday, confirming reports in the local press.

 

cross-posted from: https://scribe.disroot.org/post/2739025

Thousands of people rallied in cities across Germany on Sunday to protest right-wing extremism and demand a ban on the Alternative for Germany (AfD) party.

The demonstrations were organized by the network Together Against the Right and other civil society groups.

In Berlin, protesters gathered at the Brandenburg Gate, with police estimating the crowd at around 4,000 by late afternoon, while organizers claimed approximately 7,500 participants. Around 2,500 demonstrators also took to the streets in Munich, with rallies announced in more than 60 cities nationwide.

Organizers urged political leaders to begin formal proceedings to outlaw the far-right AfD, Germany's largest opposition party.

In a statement, they argued that the issue of banning the party should be seen not as a political decision, but as a legal matter.

"To clarify this, politicians must find the courage to file a motion for a ban," it said.

The organizers are calling on the Bundestag and Bundesrat legislative bodies, as well as the new federal government under Chancellor Friedrich Merz, to initiate ban proceedings against the AfD before the Federal Constitutional Court.

[...]

The AfD is known for its anti-immigration, anti-Muslim, eurosceptic and nationalist rhetoric. The populist party has been a flashpoint in German political life for more than a decade. It has benefited in recent years by tapping into economic discontent and growing unease over refugees.

 

cross-posted from: https://lemmy.world/post/29528277

Summary

Trump lashed out at bipartisan critics after reports revealed he plans to accept a $400 million Boeing 747-8 jet from Qatar for use as Air Force One.

In a Truth Social post, Trump dismissed concerns as “world class losers” complaining about a transparent gift. Qatar stated the plane is under legal review between its Ministry of Defense and the Pentagon.

Critics, including Sen. Bernie Sanders, Sen. Chris Murphy, and Rep. Jamie Raskin, accused Trump of corruption and violating the Constitution.

Even allies like Laura Loomer led the MAGA pushback to the jet deal.

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