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"https://jacobin.com/2025/04/trump-tariffs-capital-trade-contraints/"
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[
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"Trump’s Tariffs and Capital’s Constraints"
],
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"published_at",
"1745406350"
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"The article argues that Trump's tariffs were a miscalculation that triggered a series of structural mechanisms that discipline capitalist states, including fiscal dependency, credit dependency, and political legitimacy. These mechanisms, which are triggered by the threat of an investment strike by leading elements of the capitalist class, forced Trump to declare a 90-day pause on most of his tariffs. The article also discusses the impact of the tariffs on the bond market, the US dollar, and global trade, and concludes that the structural constraints of the capitalist system have worked as Marxists would predict."
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"content": "nostr:nprofile1qy3hwumn8ghj7un9d3shjtt5v4ehgmn9wshxkwrn9ekxz7t9wgejumn9waesqgxpnjlquxjlqwutc37aq6m2z7l5qe5fpsr7zpqrpx8nqn4c67dcpcm8r6qv\nhttps://images.jacobinmag.com/wp-content/uploads/2025/04/23110151/GettyImages-2210456814-1-900x600.jpg\nOn April 2, 2025, President Donald J. Trump declared a national emergency under provisions of the International Emergency Economic Powers Act (IEEPA). The IEEPA allows the US president to unilaterally respond to an unusual and exceptional threat to national security, foreign policy, or the economy, so long as that threat originates outside the United States. [\u0026hellip;]\nhttps://jacobin.com/2025/04/trump-tariffs-capital-trade-contraints/",
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