
Suraj Patel
@surajpatelnyc
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Business Leader. Frm Attorney, Professor, Obama Alum. Former Candidate for US Congress in #NY12. ByLines in @NYTimes, @WashPost, @Wired, @SciAm
Manhattan
Joined June 2009
Change is on the ballot. After 30 years, New Yorkers have the opportunity to elect someone new, with the ideas & energy to fight for us for the next decade. Our campaign is surging and we're on the verge of one of the biggest political upsets in history.
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My friend @urrutiafornh has been a fighter his whole life, a veteran, a lawyer, a Biden appointee who worked to shut down Guantanamo Bay. We need Democrats like him to step up across the country & fight for working people to have a fair shot. Thrilled to support him! #nhpolitics.
My career has been defined by fighting for underdogs, serving our nation, & taking on big fights. Today I’m announcing I’m running for Congress because New Hampshire deserves a fighter in its corner. Join me—and let’s fight for a future that delivers for working people:
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When he says he did the Art of a Deal, we're the ones who got played. A 10% across the board tariff is still a massive supply shock, something no normal economist would say is a "win" but he anchored us to awful and we got very bad instead.
So, just getting this straight: . We still have a 10% global tariff.125% tariffs on China.And 25% tariffs on autos. Correct? . And if so, what do we think growth is going to look like next quarter?.
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RT @ernietedeschi: Folks, a 10% broad tariff on everything plus 125% on China, is a **25pp increase in the effective tariff rate**, even ac….
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RT @robinsonmeyer: What remains astonishing is that this isn’t a “natural” recession. There’s no cyclical slowdown or housing bubble. Consu….
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RT @Birdyword: Three profoundly ugly charts - stocks down, yields surging, dollar down. Awful awful awful
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I'm hearing that "they" should not shut down Treasury auctions since we must continuously refinance debt & pay for things. Treasury auctions weren't stopped during the Civil War, two World Wars, & two pandemics because they're a cornerstone of our creditworthiness.
I’m hearing they are dumping UST to try and move rates to shift narrative and make our upcoming Treasury auctions more expensive. May make sense to delay auctions to next week. China can’t sell indefinitely.
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Such a meeting somewhere neutral, like Geneva, Switzerland. And it could have a clear name and mission like The World Trade Organization where we could negotiate a General Agreement on Trade and Tariffs, which is a mouthful, so we will call it GATT.
My current best view:. Trump lets tariff reactions play out for a few weeks. Sees the trend of capitulations and is emboldened to keep going. He fields offers from everyone. Negotiates with no one. Then brings everyone to MaL in a month or two and puts an offer on the table:.
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Watch carefully what’s happening: he’s going to conflate trade deficit with our fiscal deficit in the coming days. MAGA will follow suit and say “we had to do something about the deficit.”. It’s not fake news, it lying and the Republican will join him rather than stop it.
"We have to solve our trade deficit . Unless we solve that problem, I'm not going to make a deal." - Trump. Great Depression here we come.
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I am running a $4 trade deficit with Starbucks today. The only way they can fix it is to buy legal services from me, otherwise they’re “cheating”.
Peter Navarro responds to Vietnam’s offer to remove all tariffs: “This is not a negotiation. This is a national emergency based on a trade deficit that’s gotten out of control because of cheating,” Trump’s trade adviser says on @SundayFutures. “Don’t say you want to lower the.
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A👏🏽TARIFF 👏🏽IS 👏🏽A 👏🏽TAX 👏🏽ON 👏🏽WORKING CLASS 👏🏽PEOPLE both in the US ($3000 this year) and on the poorest of the poor both of whom are working their asses off. This is the message @TheDemocrats, stand for something rather than chase Trump from this side of the idiot horseshoe.
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RT @tahrajirari: This is absolutely insane to post right now. The man is single-handedly crashing the economy and House Dems put out a vid….
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It is unbelievable that we don't not have Democrats who can simply call tariffs what they are a $1 trillion tax increase - the largest in US peacetime history - that is incredibly regressive and hits working people the most. Equivocating around a lie empowers the Liar in Chief.
literally the first 30 seconds of this are mealy mouthed defenses of tariffs. this does not meet the fucking moment, @RepJayapal.
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Seriously guy, this boils down to the largest and most regressive peacetime tax hike in American history. It’s an assault on working people around the world and at home. Kicking poor nations for being poor and kicking Americans with a scam equation.
All the finance folks are complaining about the tariffs, while all the working class folks are cheering for them. Perfectly sums up who the policies are intended to help.
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This is an incredibly chilling statement to read, an unbelievably sad moment for the promise of America.
Carney: The global economy is fundamentally different today than it was yesterday. The system of global trade anchored on the United States. is over. Our old relationship of steadily deepening integration with the United States is over. The 80 year period when the United States
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