Fight Back News Service is circulating the following resolution on the economy, that was adopted at the 8th Congress of Freedom Road Socialist Organization (FRSO).

_Tariffs on an additional $200 billion of Chinese imports includes Christmas lights _

San José, CA – While most Americans won’t have a ‘white Christmas’ this year, many of us will be looking forward to the displays of lights on many homes and businesses. Now the Trump administration’s escalating trade war with China threatens to dim this coming holiday celebrations – or at least make them more expensive.

New York, NY – On June 5, fashion designer Kate Spade died via suicide. Three days later, chef and TV personality Anthony Bourdain also committed suicide. Along with his TV show, Bourdain was a supporter of Palestine and the #MeToo movement, as well as openly criticizing Henry Kissinger for his foreign policy.

San José, CA – U.S. stock markets fell again, June 25, as trade war worries continued to weigh on investors. The Dow Jones Industrial average fell 1.3% or more than 300 points, after regaining some ground from a 500 point sell-off earlier in the day. The NASDAQ index, which includes more stocks of high-tech companies, fell over 2%.

San José, CA – On June 19, stock markets around the world fell in reaction to U.S. President Trump’s promise to escalate the U.S. trade war with China. The Japanese Nikei index fell almost 2% along with other Asian markets. In Europe, Germany’s export-oriented economy meant its stocks were hit the hardest, with the German DAX index down more than 1%. The world sell-off ended in New York City, with the Dow Jones industrial average down more than 1%, bringing the average to below its starting point for the year.

San José, CA – On Friday, June 15, President Trump signed orders to place tariffs (taxes) on $34 billion of imports from China beginning July 6. The office of the U.S. Trade Representative (USTR) will be imposing tariffs on another $16 billion of imports from China in the near future for a total of $50 billion in imports facing 25% taxes. This represents another turnaround in trade from a few weeks ago, when Trump’s Commerce Secretary Steve Mnuchin said that the trade war was “on hold” after initial negotiation with the Chinese government, which had offered to increase purchases of U.S. goods and further open the Chinese economy to foreign investments.

San José, CA – On Friday, June 1, new U.S. tariffs of 25% on steel and 10% on aluminum imported from Canada, Mexico and the European Union (EU) went into effect. These countries supply about half of U.S. steel imports. All of the countries responded with counter-tariffs on U.S. exports that will start in a month or less. In addition, the other countries are going to be filing suit with the World Trade Organization (WTO), charging that the U.S. reason of “national security” is just a fig leaf to cover U.S. violation of WTO rules.

New York, NY – Around 50 socialists and community organizers gathered on Sunday, May 6 to celebrate the 200th birthday of Karl Marx – the founder of scientific socialism.

Editor’s note: Fight Back! will be running a number of articles to coincide with the 200th anniversary of the birth of Karl Marx.

Part three of a three-part interview with Professor Masao Suzuki

This is part three of a three-part interview. Click for part one and part two of this interview. Fight Back!: President Trump seems intent on risking on a trade war with China in order to narrow the U.S. trade deficit. Trump thinks the U.S. trade deficit means that the U.S. is a loser, and by bringing down the trade deficit the U.S. economy will grow by the same amount, creating jobs and income here in the U.S. What do you think?

Part two of a three-part interview with Professor Masao Suzuki

This is part two of a three-part interview. Click for part one and part three of this interview. Fight Back!: In your opinion, what are the main causes of the U.S. trade deficit?

_Part one of a three-part interview with Professor Masao Suzuki _

This is part one of a three-part interview. Click for part two and part three of this interview. Fight Back!: Professor Suzuki, there has been a lot in the news about the Trump administration’s new tariffs and the U.S. trade deficit. How big is it really?

The U.S. stock market fell again Friday, April 6, with the broadest measure, the S&P 500, falling more than 2%. This followed President Trump’s tweet on Thursday that he would ask for a list of an additional $100 billion in imports from China to put tariffs on, raising the total to more than $150 billion. It was also revealed that there are no negotiations between China and the U.S., raising the likelihood of a full-blown trade war.

San José, CA – On March 22, the U.S. stock market staggered with the Dow Jones Industrial Average falling more than 700 points or almost 3%. That day, President Trump had fired an opening salvo of trade restrictions aimed at China by announcing steep tariffs on $60 billion of imports from China. He promised that this was just the first of many restrictions on Chinese goods in what could be a new trade war with China.

Fight Back! interviews economics professor Masao Suzuki

An interview with Masao Suzuki

Masao Suzuki is a leading member of the Freedom Road Socialist Organization (FRSO) who follows the economy. Fight Back! interviewed him on March 1, after another drop in U.S. stock market.

To mark the anniversary of the publication of The Communist Manifesto by Karl Marx and Frederich Engels, on Feb. 21, 1848, Fight Back! is reprinting the book’s first chapter. This anniversary comes in the context of a growing rejection of capitalism and a renewed interest in the science of revolution, Marxism-Leninism. Enjoy. Chapter I. Bourgeois and Proletarians

Tampa, FL – Hurricanes are a common experience to most Floridians, especially to residents of the Tampa Bay area, where hurricanes and tropical storms hit or brush by about every two years. However, Category 4 Hurricane Irma, which is now projected to move up the center of the state, is making some of the most seasoned Floridians panic.

Dallas, TX – As of Thursday evening, August 31, most gas stations in the greater Dallas area are out of gasoline. Those that still have fuel are charging as much as triple the usual price.

Tucson, AZ – The Tucson Anti-War Committee has called for an emergency rally on Thursday July 27, at 5 p.m. at the Federal Building located at 300 W Congress Street. This is organized to tell the Trump administration and U.S. Senators like Marco Rubio: “Hands off Venezuela! No sanctions!”