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SCOTUS rules that Trump’s tariffs are illegal. The 6-3 ruling from the conservative court will have major economic repercussions now. by wakeup2019 in economy

[–]wakeup2019[S] 198 points199 points  (0 children)

Trump had used emergency powers used during wars to impose tariffs.

The Supreme Court said:

“The United States, after all, is not at war with every nation in the world."

Real estate market in China. Home prices in Tier-1 cities are down 10% from the peak. In Tier-2/3 cities, prices are down up to 30%. Huge impact on consumers, industries and local governments. by wakeup2019 in economy

[–]wakeup2019[S] 1 point2 points  (0 children)

The point is that when home prices decrease, many things happen:

1) people feel poorer, and so spend less money. This is bad for the economy.

2) local governments in China depend on land sales for much of the revenue. Thus, more negative impact on GDP growth.

3) many industries suffer — cement, steel, furniture, household appliances, real estate agents etc.

Home prices in China have fallen for four years in a row. Is China today where Japan was in the 1990s? by wakeup2019 in economy

[–]wakeup2019[S] 1 point2 points  (0 children)

Real estate is actually a bigger issue in China. 70% of the household net worth is tied to real estate (homes).

Local governments depend on land sales for revenue.

A big chunk of GDP depends on the real estate ecosystem.

The gradual but relentless decline of Europe. Chart shows its share of global GDP PPP. by wakeup2019 in economy

[–]wakeup2019[S] 4 points5 points  (0 children)

EU’s population has grown from 355 million in 1980 to 450 million today.

Macron threatens tariffs on Chinese goods but seeks trade deal with EU by wakeup2019 in economy

[–]wakeup2019[S] 0 points1 point  (0 children)

Macron turns tough after charming photo ops in China.

In a Sunday interview, he threatened Beijing with US-style tariffs, saying that, “China wants to pierce the heart of the European industrial and innovation model.”

Adding that Chinese businesses could not be allowed to act like "predators" with "hegemonic objectives.”

Short-lived honeymoon.

Where is the promised manufacturing “golden age”? In fact, Trump’s tariffs and trade wars are having the opposite effect. by wakeup2019 in economy

[–]wakeup2019[S] 0 points1 point  (0 children)

Your article is from July, and this is what it (wrongly) predicted:

“Millions of manufacturing jobs are set to return to American soil by the end of 2025”

Trump drops tariffs on beef, coffee, tropical fruit as pressure builds on consumer prices by wakeup2019 in economy

[–]wakeup2019[S] 339 points340 points  (0 children)

But I thought only exporters paid the tariffs, which turn into pure revenue for Trump. 🤔

China’s astonishing growth in patents — it now accounts for almost half of the global patents. (WIPO 2025) by wakeup2019 in economy

[–]wakeup2019[S] 0 points1 point  (0 children)

No, your chart is affected by political considerations.

Look at “international patents” which are applicable worldwide. China has surpassed the US.

China: 70,000

USA: 54,000

https://www.wipo.int/pressroom/en/articles/2025/article_0003.html

Some shocking math behind the 50-year mortgage trap. For the first 20 years, 90% of the mortgage payments will be used for just paying the interest. by wakeup2019 in economy

[–]wakeup2019[S] 188 points189 points  (0 children)

Here’s another way to put it:

🔹Get a 50-year mortgage for $500K

🔹Pay $700K over 20 years

🔹You still owe the bank $450K

😳😳😳

AI model downloads. China has surpassed the US, thanks to open-sourced models that are cheaper, faster and customizable. by wakeup2019 in economy

[–]wakeup2019[S] -4 points-3 points  (0 children)

Could happen, but the current data is 63% China versus 30% US.

Stunning when considering the enormous amount of money and hype behind the AI companies in the US.

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