Live updates: Trump announces sweeping tariffs

I think it is something to do with China using it as a proxy for their export.

He just saw that they have a massive tariff against the US going back decades and I guess he took it personally.


Just reminding people this handy button exists!

No! Your football team bad, mine good!

Because we all know these good-natured corporations will bear the brunt of this in order to keep prices the same for US consumers.

Actually, aren’t you forgetting that Trump said the foreign countries will be the ones paying these tariffs? Take care not to step out of line with the regime.

Go Grey Socks!

Seriously though, this probably won't affect billionaires because companies like Nike can move most of their operations overseas and avoid paying tariffs during their manufacturing process, and then just pass the cost of to US consumers when they sell to that market.

Even worse, when Trump put tariffs on washing machines (which Biden kept in place) one effect was that *US made washing machines* (not paying tariffs) jacked up their prices for US consumers simply because there was less competition.

It truly is a sucky world for non-billinaires.

In essence this policy primarily imposes taxes on businesses, severily reduced the wealth of the billionaires, properties this forum often applauds. Funny how suddenly it's not liked.

US politics really is like picking a favourite sports team :D

Yeah, you're right. Sorry! Although US have definitely been one of the highest GDP per capita for that time (but like you pointed out, not the top which is what I original said)

Run headfirst into a brick wall a dozen times and then maybe you will start to understand

That's a really good explanation, there's no realistic way to make your money back from McDonald's

Absolutely, but if one has no idea what they are talking about, they might massive brain worms about the US debt and it being caused by our budget deficit. Then they look at all these other countries and learn about the 'deficit' we have with them and that's the same word, same thing, ezpz. Now you simple get a solid 50% debt to income ratio by dividing the two and cutting it in half, check mate economists.

I honestly have no idea, maybe? Deficit isn't really debt though, it just means you bought more than you sold. The US isn't in debt to Cambodia any more than you're in debt with McDonald's. They just have a one way buy/sell relationship.

Putting on my best swiss cheese brain, maybe they are treating it 'like a business' and trying to do debt to income ratio? So our deficit is the debt then they look at tariffs on the imported goods as the income.

Do you know if this holds for other countries too?

Why does he think tariffs are equal to trade deficits?

Thanks for the explanation! It is unbelievable that these are the folks with nuclear codes.

Thank you for the reference, I scrolled to the bottom to check if you were copypasta-ing us before going back and reading it. We just all live in Crazytown now I guess.

Uh, we have absolutely not been the wealthiest country by per capita GDP that whole time. We have been the wealthiest country by GDP

Wait so if the admin is in favor of reciprocal tariffs does that mean they are asking other countries to raise tariffs against the US?

I'm gonna check this newly needed wiki page:

https://en.wikipedia.org/wiki/Tariffs_in_the_second_Trump_administration#Reciprocal_tariffs

They get 10%

Im 100% sure they will not get any tariffs... a special 'exception' will be made for Russia

You havent tell me a country, outside Russia, that is santionated too so its a tie ^^ Look, im not defending Trump or his administration, first of all im an European, second i couldnt care less about those tariffs because i think they will affect a lot more the Americans than the rest of world but it makes me sick people going mad over this when there is a lot of worst more problems to talk about, talking about this is going to the basic, its like talk to a simp (not your case, not insulting you or try to)

I don’t see how that is relevant to the question of, ‘if other sanctioned countries are being tariffed why is Russia not tariffed’ and ‘we still traded with tariffed countries including Russia so why is Russia treated different’.

I mean these questions are largely rhetorical, we know why. The fact that we buy less from Russia is first of all you moving the goal posts from assuming we didn’t trade with them, and second not related to why countries are tarrifed.

Iran, Syria.

And what do you think "zero" means, exactly?

Still waiting on that answer...

What countries with sanctions? In 2024 the transactions between us and Russia went down 2,481.4 Million dollars relative to 2023 when the war already had began. 526M in exports and 3000M in imports, maybe this data tells you what you need to know

Sanctions doesn't mean you can't trade with a sanctioned country. The US never stopped trading with Russia.

For what? If you cant trade why? Jizus fcking christ

That's exactly what I'm asking you...

If the answer is "because sanctions" then explain why other countries that are sanctioned by the US still got hit with tariffs?

Russia is "not on this list because sanctions from the Ukraine war have already rendered trade between the two countries as zero.""

And yet the US imported over $3B from Russia just last year. Which is to say, the white house lied (again).

For what? If you cant trade why? Jizus fcking christ

"Following Trump's Rose Garden announcement, a White House official told NOTUS' Jasmine Wright that Russia is "not on this list because sanctions from the Ukraine war have already rendered trade between the two countries as zero.""

This comment implies that you can buy and sell with an uninhabited island...

You're not serious, right? This is a bit?

Do you understand that sanctions applied are prohibitions? You and the other downvoters... Why would you apply tariffs if you cant sell or buy? Brains people!

And the other countries that have sanctions but still got tariffs?

So that's because the tariff was so high it reached 99% then reset to 0% because the system was coded by Elon.

Or you know, US are in the axis of evil now apparently.

Turntables and all that.

They get 10%.

It is not, Russia dont have tariffs they have sanctions... Dont be that guy

I was gonna say until his usefulness ends and he mysteriously falls out of a 4th floor window, but he's too fat and heavy to fall through one, so maybe just some plutonium in his diet coke

From what I've seen so far, his "image", so to speak, and what people think of him, is of enormous importance to him. He's your basic narcissist who thinks he does great.

Same goes for Elmo who singlehandedly destroyed trillions of dollars in value by now and then still says he does great, that people love him and that he doesn't understand why people would burn Tesla, why would they do this to him, such a great person who does awesome things for humanity?

Trump doesn't care about approval ratings. He has a "golden parachute" waiting for him and his buddies in Russia after he destroys America.

Jim Jones was able to walk 600 adults to their death (the children, sadly, had no say in the matter). It's a cult

shit bruh, we could just start that process now and skip over the bread line bullshit.

With Nazis, it's always the right time.

There's technically no upper limit, why not make it 10000% and really see what happens!

The default if Congress can't pass legislation should be that legislation doesn't happen.

Congress is pretty much dead. Repubs have lost whatever was the last vertebrae they had in their spine

90% income tax over a certain amount. This was how they did it in the 50s….you know the days republicans keep citing as the “good ol days”

nah, bruh. we need something else for them.

The goal is to start a fire and to attend the fire sale.

It's always the goal of malignant narcissists.

well the spoiler text really was just because I wanted to talk about Mbaye Diagne and you just have to hover over the links to get the joke. But I get it, different levels of humor appeal to different people. A lot easier to digest when it's all just spelled out for ya and you don't have to think any harder about it.

https://www.youtube.com/watch?v=k1tsGGz-Qw0

This you? 😁

(But this just an internet comment, ain't that deep, Mr. Peele 😉)

lol and I wonder why you had the idea and were inspired to play up the idea of "countries that start with R" after you just read two other comments doing the same thing.

Sorry, I don't want to be shitty, but I found his joke much better, because I understood and laughed right away without needing disclaimers, spoiler texts or to click any links, it was direct and to the point.

Lol, didn't even click the links, I kinda assumed it was Russia-Ukraine and just googled "countries that start with R"

Nice

I knew I’d get the ol’ switch-a-roo comments. Please enjoy one internet point sir.

😒 , at least like put any effort forth if you're going to steal a joke and make it shittier.

Man is trolling about Rwanda and Uganda

I see we have a dirty tankie in our midst.

Sounds like I stand corrected.

Trade IS happening with Russia. Only specific companies and industries are sanctioned, everything else is business as usual.

Penguins trade with the US?

Wait what?

President Paul Kagame of Rwanda declared war on Uganda?

~/s~

Well technically R would fall under the category "rest of the world", no?

Doesn't the US already have full sanctions with Russia? So literally no trade is happening with them, so a tarrif would be pointless? Maybe I missed trump removing the sanctions at some point in his onslaught of nonsense.

I'm so sick of the bullshit misinformation that gets upvoted on this site. First, you demand tariffs on what equals to roughly 0.8% of our total imports. Second, there is no "war" currently going on between "R" and "U". Also, I thought the "P" man **ended the genocide against "R" citizens** by taking power, I'm not a scholar though so link away with whatever truth burger you're trying to peddle.

::: spoiler spoiler

/s definitely check links and facts before you get upset with words you don't like lol

Ok but seriously, I gotta give a shout out to Mbaye Diagne. This is a serious bad-ass, I can't state just how bad his ass really is. Like all the bullshit movies and books of fake and made up narratives and we have this motherfucker who walked the earth.

a Senegalese military officer who served in Rwanda as a United Nations military observer from 1993 to 1994. During the Rwandan genocide, he undertook many missions on his own initiative to save the lives of civilians. Various estimates exist for the number of lives Diagne saved, ranging as high as over 1,000.

After graduating from the University of Dakar, he enrolled in the Senegalese Army's École Nationale des Officiers d'Active. He completed his schooling the following year and eventually attained the rank of captain. He was given command of the 3rd Company of the 6th Infantry Battalion and fought in the Casamance conflict from 1989 to 1993.

Hutu extremists initiated the Rwandan genocide, targeting members of the Tutsi ethnic minority. They murdered moderate Hutu Prime Minister Agathe Uwilingiyimana, and Diagne rescued her children and secured them safe passage out of the country. He then undertook numerous missions on his own around Kigali in violation of the UN's rules of engagement, hiding Tutsis in his car and evacuating them to UN installations. He also protected some Hutus and worked to safeguard the Senegalese expatriate community.

Because he had to pass through dozens of checkpoints manned by Interahamwe tasked with killing Tutsis and moderate Hutus, Diagne ferried at most five people on each trip,[10] often taking them to the Hôtel des Mille Collines or Amahoro Stadium, both under UN guard, for safety.[14][10] In order to get past the checkpoints, he relied on his extensive contacts among the military and militias, his ability to defuse tense situations with quick jokes, and occasional bribes of cigarettes, money and—though he was a devout Muslim—alcohol.

In one instance, he stood between an armed Hutu priest and a woman the priest was about to execute, shouting "Why are you killing this woman? You must not do this because if you do the whole world will know," and eventually convincing the priest to let her live.

Gregory Alex, the head of the UN Humanitarian Assistance Team in Rwanda gave an explanation as to why Diagne was not rebuked: "Here's someone who stepped out of line and [the general is] not going to discipline him because he's doing the right thing."[15] BBC journalist Mark Doyle befriended Diagne and knew of his actions, but omitted mention of him in his news dispatches because he feared that the Rwandan government would learn of his rescues and try to stop him.

That was such a wonderful thing to run into after reading over the history of Rwanda and the Hutu and Tutsi people. Guess even during war and genocidal times you can still look for the helpers.

:::

Can they fucking stop threatening us like we’re stupid children?

Too be fair.. The majority of those who voted are clearly stupid (not as stupid as a child though, a rock would be a better description) . So it's fair game of them to make use of that statistic.

and we all know now who is to blame.

Central banks?

pause buttons is all its about. emissions wont stop after energy generation is zero-emission. it just will be slower by a chunk (like 60%ish)

people will still breed cows/not turn vegan (up to 75% of total 20%ghg emissions) and mobility will also remain (lets just say by half without derailing too much - so half of total 20%ghg emissions)

Also theres studies on how we are kinda jet lagging in resulted heating and on how recordings of right before pre-industrial era levels also could be different, lower in total and therefore more extreme heating affecting tipping points.

so a pause like that would be great - because all we have left is **time** and smart people (although kinda marginalized nowadays and I dont really believe in the success of that in short term) we have crossed 1,5° and therefore are in tipping point cascade (which is irreversable) territory.

Just a silly joke of course. Gallows humor. In order to combat climate change you'd have to re-design how we live and work and our economic system and reset existing wealth inequalities, re-design and rebuild thousands of industrial processes, and change multiple systems that are in place. For example you'd at least have to:

1. Ban advertising to reduce desire/demand for consumption

2. Ban patents (at least in the current form) so industrial processes can be re-designed and rebuild without roadblocks

3. Nationalize news and social media and turn them into a cooperative under the control of the workers there

4. Invest into R&D for circular economy and development and regulation for long lasting appliances and goods that last decades with repair and maintenance

Basically what we learned is that it's practically impossible for humanity as a global civilization to stop climate change. Most people can't even bear to think about the steps it would take.

Of course, developing the technology for a sustainable circular economy for the basic needs (food, energy, education, building shelters, communication etc) is still worthwhile.

Not wrong. But I will point out that this will funnel a *lot* more money to China, which has been investing much more heavily in greentech than the US has. So overall it could actually be a plus - for climate change at least.

Shit, bruh. sorry. I may not be that far behind you.

More likely Nero.

Nah, fuck that. Don't give recognition to that sack of shit.

Trump will be remembered as the spark that caused the old world order to blow up, causing a lot of changes in the way things are done. China becomes the manufacturer of clean energy and uses their new status as having the reserve currency to stamp out all fossil fuels.

Imagine people in 2150 praising the visionary and benevolent president Trump who courageously lead our world to the only possible path in order to save the environment:

"He fooled them all with his "drill baby drill" and they fell for it, they elected him. Of course some were suspicious that something was off, but he had a grand plan for nature to finally be restored..."

I would love to read this fiction, because reality is quite sad at the moment.

Absolutely, just like Hitler was the most influential German leader ever

Sort of like Sulla or Caesar, but without the talent?

Time's person of the year 2025 already *sigh*

Trump will be remembered as the most influential US President.

Wrong.

The best things you can do are invest in green energy and energy storage projects, create polices that cap (and actually punish) carbon emissions, upgrade to more efficient infrastructure... All things that take money, a functional government and a functional economy.

What we learned from COVID, is that crashing the economy does not really slow down climate change, it just hits the pause button for a little bit, and then it resumes at the same or greater speed.

Sure, but he is just crashing Western economy as Russia is preparing to invade rest of Europe.

Domestically, this is what will happen, but those corporations are also multinationals and get a large amount of money from doing business outside the US. What Trump is doing with the sort of threats he's making to US allies is causing their reputation to plummet abroad along with their revenue. This can only go so far before competitors from EU and China take their spot and they lose all international relevance. Additionally, the tariffs will put them at a disadvantage in the global market compared to corporations outside the US which is further contributing to their loss in revenue. So if Trump's main interest was in helping those corporations, I doubt he would be doing this.

Maybe, but threatening your customers who are buying your exported goods doesn't seem like a good strategy, and US-based corporations already dominate in the US, so it's not like they're helping the US become more powerful unless they're preparing for WW3.

Yeah remember that the billionaires got richer during the economic cooling caused by covid

The corporate sponsors are only needed for elections. No elections, no sponsors...

The owners of the corporations own the govt. They are loyal to no company and no country. They can take their money anywhere, but so long as they are in the us they would prefer that the tax burden be shifted onto the people and off of them, with as few restrictions as possible on their own behavior.

The owners are still quite happy with trump. It's all of the littler con voters who are hopefully now reconsidering their vote.

Nope they should have realised that even though they "own" this government, the president is communicating with a foreign server they don't own.

The corporations *thought* they own the government. They bought Trump into the White House. They should have known that he is mad.

The only real reason I can think of

It's mercantillism, a well studied subject.

How is any of this "hurting said corporations?"

Tariffs are a tax on the working class. Corporations will use this as an excuse to raise prices beyond how much their costs increase due to tariffs.

If a tariff causes a product to cost 5% more to bring to market, you'd better believe they're going to charge 20% more to the customer.

The ruling class always gets theirs. We can thank the useful idiots among us for why things never change.

It's not the corporations, it's the billionaires that run them. Every time Trump does something that makes the stock market drop, they get richer by scooping up more for less. Than sell them when Trump says "Just kidding" and the stock market rises again.

Not to mention that all of their companies get to raise prices and blame "tariffs" in order to increase their profit margin.

It's the entire reason they paid to get him into the white house.

Oh shit youre right. Good catch. I'm an american living in Europe but my clients pay me in dollars. Sucky times ahead

No, it's at 1€=$1.105.

You looked at $1=0.905€ instead

As of now at 17:00 Rome time: 0.90 USD / 1.00 EUR. That is a really big drop

It's 8D chess. By crashing the economy and the dollar he can then increase the price of gold and liquidate Ft Knox at the perfect time. Then he can replace the dollar with trumpcoin. Truly a genius and a patriot.

Is /s needed?

1.084USD per EUR yesterday moved to 1.097USD per EUR today.

UK is also 10% like the rest of world. Why was it mentioned seperately? It's not like Russia is a small country.

Read it some more, Russia is 10%. Half of EU

Like the EU?

Then too, also now.

He tariffed uninhabited Heard Island and McDonald Island tho

... Now?

If we can't buy anythibg from North Korea, what would be tariffed?

Just stopped pretending to be good.

I am not.

Russia and North Korea.

It's official. We are the baddies now.

They are rest of the World. How dissrespectfull.

I think you're reading too much into that.

They're either under "Rest of world" like the EU, or the US doesn't import anything from it, which as it's under sanctions, it shouldn't - nor export to.

The crash in 2020 was twice as deep as it should have been. The markets were spooked by a president repeating conspiracy theories instead of reassuring people while health organizations were scrambling and panicking.

Together, we can make that happen

Could you imagine if Biden declared what essentially amounts to a 10% sales tax?

The Great Depression fucked a lot of wealthy people up and turned the entire nation against them. It can happen again.

One might argue it already is happening. Right now. In real time.

Be safe.

Just like how a rising tide raises all boats, a sinking ship takes everyone down with it. The billionaires think being on the life rafts will make them more wealthy compared to those that are sinking.

Also intentionally crashing the economy to hurt political enemies and cause civil unrest (mass government firings = lots of educated qualified people out of work, also drives down wages of other educated qualified people). Techo-fascist corporate cities and Gilead don’t need a Dow Jones index.

Yep, they just took the trade deficit to each country and turned it into a tariff 😆

Those numbers on his poster are made up and don't reflect actual tariffs that exist and can be cut.

Tariffs. Donald wants other countries to have less tariffs on American products

Cave about what though?

Trump has no idea how the economy works, his wealth is propped up by Russian oligarchs laundering money through his assets.

This move is almost certainly being directed to him through foreign agents the traitor has as advisors (though they consider themselves handlers) on behalf of Putin and other regimes hostile to the US who back door'd their way into the situation through his greed and lack of morality.

It will have an effect on other countries, but fuck up the US economy the worst. Other countries have the benefit of having 190+ other countries to do trade with. Over the next few years, they will increasingly go for alternatives to whatever they've previously traded with the US. Thanks to the stable genius, the US will permanently be left poorer, while other countries will soon have economic growth again.

He is gambling on the fact that Us economy can hold off longer than other countries and they’ll cave

It’s like two people holding their breath bad for both but neither wants to lose

Most of the kit that is made in US uses parts distributed by other countries... So even domestic sales of US created products are likely to be impacted. Gotta give it to Krasnov, he's doing a bloody good job at the task he's been set.

Oh no. We produce stuff. The best weapons for killing people are made here.

The horrible cruelty regarding Cambodia you say?

https://www.youtube.com/watch?v=d1cbTKX4Lzo&list=PLf03ejEKGKxyGu4G3QCLWhXefQvgG1EEH

If anyone wants to learn more about America's actions in Cambodia, check out Blowback.

The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.

It's one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.

Trump is going to tank the economy of an already poverty-stricken country and plunge it into exactly the kind of instability that destroyed it once already just because "fuck you, give me more".

Probably got a surprise when he went to grab a ladyboy by the pussy.

I checked and this does seem to fit for Switzerland.

Trade deficit of US to Switzerland: 38.5 B

Exports from Switzerland to US: 63.4 B

Ratio of the two: 61%

Half of that as "reciprocal" tariff: 31%

Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

Copied from twitter from someone who’s suffering insomnia right now.

Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

https://www.reddit.com/r/Thailand/comments/1jq32od/new_import_tariff_to_usa/ml4328d

Source of these trade deficit numbers is in https://www.reddit.com/r/Thailand/s/TKZ68gLs6z

Reminder that after setting the political stage for the Khmer Rouge to take power with the carpet-bombing of Cambodia, the US Government continued to recognize Pol Pot as its rightful ruler all the way through to the early 1990s, simply because the actual Cambodian government of the 80s was installed with Vietnam's help.

The USA seems to be on an never-ending quest to fuck Indochina over for no fucking reason.

Lots of good cheap building materials and cloth come from Vietnam. Trump publically thinks that by cutting off these it will bring the rust belt back. Absolute lunacy.

The number for a tariff is a trading deficit divided by total export of a country. It's simplistically stupid.


this would have worked in 2016, I doubt it would now. the oligarchs who put the administration in power want their pound of flesh, and they will get it regardless of whose name is in the daily headlines.

hundreds of thousands of federal workers have been fired, research and education slashed, unprecedented damage done to institutions, and civil rights violations not seen in peacetime in generations. no, I'm afraid ignoring Trump isn't going to solve anything.

the oligarchs must be stopped. one way or another.

won’t countries stop using the us dollar as the backing reserve

Yeah. Putin's gonna be so pleased.

I hope Euro takes over

It's all goods from those countries.

30% seems pretty generous. Nevermind the complete collapse of trade and alliances we built over the past century, won't countries stop using the us dollar as the backing reserve? Which will likely set america on an even further downward trend, especially since the dollar isn't on the gold standard anymore?

american juche now!

Same. Got chickens, veg seeds, and I'm about to buy a bow for hunting my own meat. Fuck the US, time to crack out that survivalism I've been practicing.

Bless up Lemming, I'll hit you up if things become desperate.

"Death to America" is no longer a call to action; now it's just remarking on current events.

Admitting your country has problems is "woke", though. /s

I'll take that pledge without even visiting your country! Then again when I do!

Seriously though, this regime is terrible and some of us are protesting every opportunity we can get. I'll be the first to admit America has deeply rooted problems but some of us are trying to fix it and would like to not be treated like shit for the actions of the magats

Deal. I stopped pledging "allegiance to the flag" over a decade ago when I realized this wasn't a nation with "liberty and justice for all". I'll also bring some trans baddie friends with me.

Why would I say that? The country is already dead.

Ok to be fair… You may come as long as you’re a queer / trans baddie or if your name is Luigi, or take the “death to America” pledge. 😌

Immigrants are welcome, tourists as well.

I'm an American, and I endorse this message.

But like, could I come visit if I need to seek asylum? That would be different than tourism, right? I'm not really happy or comfortable with the situation here, nor have my efforts been able to change other people's views (e.g. make them think about consequences).

Make America go away!

I'm doing my part! More to strengthen the EU, than to weaken the US, but: Cancelled all US tech subscriptions (not a small deal as a software dev). Cloud services all moved to Scaleway in France, AI migrated to Mistral, mail to Tuta, maps to Mapy.cz and more...

I get where you're coming from, but the whole tourist thing . . . remember half of us fucking despise Trump and his merry band of fascist fuckwits.

Not sure about that part.

but most of the ultra-wealthy’s money is tied up in the market, too.

The ultra-wealthy have enough of a buffer to buy out all the middling-wealthy when they go bankrupt. They can buy the dip without themselves going bankrupt.

wealthy people are not a monolith. some, those with advance warning (insider advantage) will benefit while others lose out. this is not just about rich vs poor, it's also ultra rich vs ultra rich, cabals of powerful elites vying for control of global markets in the chaotic aftermath of global financial restructuring.

I'm all for "it's benefitting the billionaires," and that's what tariffs do, but most of the ultra-wealthy's money is tied up in the market, too. It's more that this is a regressive tax to fund cuts to progressive taxes, fucking shit up is not the intent.

Some of the administration's actions really are them drinking their own Kool-aid. Like, what they've done to the HHS is objectively detrimental to the ultra-wealthy old guys too. There's *some* arguments to be had around tariffs, but implementing them *Iike this* is more on the kool-aid side.

in addition to buy low, sell high... perhaps even more lucrative, the crash will be used as an excuse for another massive corporate bailout benefiting the wealthiest business owners and will accelerate the transfer of wealth from govt (taxpayers/poors) to private interests (oligarchs and bankers). this happened in 2008, during Covid PPP, and it will happen again.

If it crashes badly enough their money will be worthless.

https://www.whitehouse.gov/fact-sheets/2025/04/fact-sheet-president-donald-j-trump-declares-national-emergency-to-increase-our-competitive-edge-protect-our-sovereignty-and-strengthen-our-national-and-economic-security/

* Some goods will not be subject to the Reciprocal Tariff. These include: (1) articles subject to 50 USC 1702(b); (2) steel/aluminum articles and autos/auto parts already subject to Section 232 tariffs; (3) copper, pharmaceuticals, semiconductors, and lumber articles; (4) all articles that may become subject to future Section 232 tariffs; (5) bullion; and (6) energy and other certain minerals that are not available in the United States.

got any legit sources to reference? legitimately curious. I need to know which harmonized codes are excluded.

Semiconductors (and lots of other things) are excluded

From an electrical engineering perspective H O S E D. Historically, “Oh you want to manufacture something cheaply but can’t due to IP issues or CCP conflicts of interests? Why not Malaysia, Vietnam or the Philippines?”

People got to realize this is gonna jack up the supply chain so hard. Texas Instruments an IC manufacturer produces some stuff in texas. If my production is in Malaysia then surprise! Tariff to send components to Malaysia. But wait, programming, testing, packaging, and inventory of the boards is in the USA. So the PCBA is surprise surprise Tariff again. Now that the board is considered finished and ready to be sold, it turns out your customer is in china or anywhere else in the world…. So tariff. These Tariffs compound. The business isn’t going to foot the bill so its gonna get pushed to customers.

I am really curious how the TSMC foundry in AZ is gonna work out. They can produce the wafers but packaging is done still in Taiwan. So tariff to Taiwan , tariff again back to the USA, and the tariff again because its an advanced electronic component?

Once more the USA forgets about its biggest former colony

https://www.theverge.com/news/642620/trump-tariffs-formula-ai-chatgpt-gemini-claude-grok

The Oracle!! 👁️👄👁️

Haha, this is is a stupid timeline.

unable to reproduce this, sorry

People are saying if you ask ChatGPT the easiest way to do a global tariff based on trade deficits with a minimum of 10 percent - it spits out the exact same numbers.

>The act and tariffs imposed by U.S.'s trading partners in retaliation [for the Smoot-Hawley Tariff Act] were major factors in the reduction of American exports and imports by 67% during the Great Depression.

anyone? anyone?

Sick history reference.

Rolling back the odometer to the 1930s.


Breast milk prices are going to skyrocket.

But....he's still racist right? Because that's all I care about. Making sure it's still okay to be racist.

When it's not working, it's working.

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

Who knows?

I think they don't get it either.

They’ll try to spin it in tomorrows finance news, so it may be sharp but not as sharp as it should be.

Yep. In the next few years I expect more Americans to raise pigs on their suburban plots.

Gork. The rats AI.

I'm not joking.

I’m not sure that’s any better, as traders and news have a whole night to digest it now. It might’ve seemed less bad with just an hour (before the next controversy consumes the cycle).

One of the benefits of having young children is that if I play my cards right "my" boycott could exceed my own lifetime.

The architects of clowndom. Seriously reading this stuff makes me feel like I am losing brain cells at a rapid rate.

They probably want him to do it, but he's too stupid to follow a script.

Project 2025 says he wants to have tariffs removed against the US. Assuming he's really following it.

He wants to use tariffs (which act like a flat-tax) to lower income tax on the rich. There's speculation he's also doing something like the "Mar-a-Lago Accord," which involves devaluing the dollar (causing inflation). If wages don't rise with the inflation (which they don't want), US labor will be more competitive, so people can work in factory jobs with pay analogous to current Chinese factory workers.

A poor America, with no friends in the world suits Vlad Pootang very well. It will be like the world has 2 Russia's....

Some of the architects who helped win the second American civil war say yes:

>Firstly, **it is essential to squash the democratic myth that a state ‘belongs’ to the citizenry**. The point of neo-cameralism is to buy out the real stakeholders in sovereign power, not to perpetuate sentimental lies about mass enfranchisement. Unless ownership of the state is formally transferred into the hands of its actual rulers, the neo-cameral transition will simply not take place, power will remain in the shadows, and the democratic farce will continue.

>So, secondly, the ruling class must be plausibly identified. It should be noted immediately, in contradistinction to Marxist principles of social analysis, that this is not the ‘capitalist bourgeoisie’. Logically, it cannot be. The power of the business class is already clearly formalized, in monetary terms, so the identification of capital with political power is perfectly redundant. It is necessary to ask, rather, who do capitalists pay for political favors, how much these favors are potentially worth, and how the authority to grant them is distributed. This requires, with a minimum of moral irritation, that **the entire social landscape of political bribery (‘lobbying’) is exactly mapped, and the administrative, legislative, judicial, media, and academic privileges accessed by such bribes are converted into fungible shares**. Insofar as voters are worth bribing, there is no need to entirely exclude them from this calculation, although their portion of sovereignty will be estimated with appropriate derision. The conclusion of this exercise is the mapping of a ruling entity that is the truly dominant instance of the democratic polity. Moldbug calls it the Cathedral.

>The formalization of political powers, thirdly, allows for the possibility of effective government. Once the universe of **democratic corruption is converted into a (freely transferable) shareholding in gov-corp**. the owners of the state can initiate rational corporate governance, beginning with the appointment of a CEO. **As with any business, the interests of the state are now precisely formalized as the maximization of long-term shareholder value**. There is no longer any need for residents (clients) to take any interest in politics whatsoever. In fact, to **do so would be to exhibit semi-criminal proclivities**. If gov-corp doesn’t deliver acceptable value for its taxes (sovereign rent), they can notify its customer service function, and if necessary take their custom elsewhere. Gov-corp would concentrate upon running an efficient, attractive, vital, clean, and secure country, of a kind that is able to draw customers. No voice, free exit.

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

Yup.

.. Bueller? ... Bueller?

>In 1930, the Republican-controlled House of Representatives, to alleviate the effects of the...Anyone? Anyone? The Great Depression passed the, anyone? Anyone? The tariff bill? The Smoot-Hawley Tariff Act? Which, anyone? Raised or lowered? Raised tariffs to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression.

Probably fucking subsidized instead, though I didn’t see specifics about fossil fuels

Fair enough, yarn and notions will get more expensive. There's also the issue of access to supplies in the first place just because JoAnn was a lot of people's only option.

Fewer people in the US are going to want to spend that much on a plushy. Unemployment is going to rise under Trump. There will be increased costs for needs and less cash for wants. But we will probably have continued inequality, so if a small scale artist can sell to rich people, they may do well.

The tiny scale artists still have to buy supplies. And eat, and pay rent.

Don’t forget, this is a regressive tax, and small craft workers tend to be poor.

Their prices will go up as much. It may even be worse for them, in aggregate, even if selling more of their stuff.

Ah, gotcha. It'll be interesting (in a bad way, most likely) to see how this will affect those business.

Oh, I don't mean on an industrial scale. Sorry for any confusion. I was thinking of small-scale artists who have crochet businesses. It might be easier to sell $30 plushies if all of the plushies from Vietnam (and other places known for cheap hand-made products) are now $50.

I doubt that, to be honest. The supplies to make the items will also go up in price, and the US simply doesn't have the industrial power and cheap labor that other countries have to make them. GOP voters think that somehow it'll make all things cheaper (which actually would be a bad thing, deflation isn't a good sign for the economy), but the price of everything is about to skyrocket.

That's not to mention that the few suppliers that are 100% US based would just crank up their prices anyway, because they can.

Personally, and not having much experience in economics, I think prices will skyrocket, people will stop buying things, and then that will cause huge amounts of deflation, bringing the US right into a deep recession. I mean, my partner and friends have already stopped spending as much, and that was before today. It's only going to get worse.

If their cost goes way up, that might make hand-made American items comparatively affordable, maybe for the first time in modern history. It's (potentially) a good thing for a bad reason, I guess.

I wonder how fast and much daily fashion will change. Like, no more knitted or crocheted items, or their resale value will go way up.

It's like the USA won the Cold War and found themselves with nowhere left to go, exhausted. The state became less relevant by the year as it was intended by their neoliberalism, and greed is always everywhere taking over as many spaces as possible, it's just its nature. But an ever disappearing government is just a milking cow, why it even exist if it's been taken by the greedy? In this scenario, instead of being hopeful about its mere existence, because it should be one way for the people to regain power, it is just another way to take more wealth from the people, and an instrument to control them.

My point was that Trump, Trump-Putin, are just a consequence. The USA government showed critical weaknesses and they are being exploited. At the same time, you point it out well, the government found weaknesses of society to exploit. Americans should exploit them too, usually it's done politically, but both of the American parties are basically the same (I know politically involved individuals do hate this statement, but from outside of the USA it's very clear); it's time for the people to regain power, and they will, this tariffs craze is gonna make them have to fight back.

I’d argue it started with Bush and his No Child Left Behind bullshit. It forced a certain curriculum to leave out common sense and critical thinking skills

Children aren't the problem. it's adults who get their constant education off anonymous memes. The year 2007 introduction of the Apple iPhone changed everything about USA society. We had the Fox News Rupert Murdoch problem since 1996, but the shit memes people flock to and "shit postings" addiction are the learning / education / study problem.

Shitpostinh education is very predictable adult education outcome. Cal Sagan predicted in in 1995: “Science is more than a body of knowledge; it is a way of thinking. I have a foreboding (from 1995) of an America in my children’s or grandchildren’s time—when the United States is a service and information economy; when nearly all the key manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and what’s true, we slide, almost without noticing, back into superstition and darkness. The dumbing down of America is most evident in the slow decay of substantive content in the enormously influential media, the 30-second sound bites (now down to 10 seconds or less), lowest common denominator programming, credulous presentations on pseudoscience and superstition, but especially a kind of celebration of ignorance. As I write, the number-one videocassette rental in America is the movie Dumb and Dumber. “Beavis and Butthead” remain popular (and influential) with young TV viewers. The plain lesson is that study and learning—not just of science, but of anything—are avoidable, even undesirable.”

― Carl Sagan, The Demon-Haunted World: Science as a Candle in the Dark, year 1995

Own your president Trump.

People need to own up to anonymous no-identity social media addiction. The egomania they get chasing junk (drugs) off of Apple iPhone / iPad / Samsung / machine devices. Donald Trump is entirely an Apple iPhone addict in egomania off machine lust, as too is Elon Musk.

nothing of this could have been possible without a ruined education system and mindless propaganda.

Nothing is more mindless than the education people get off of Lemmy memes, Reddit memes, Bluesky memes, Fox News HDTV, Joe Rogan. That's the education that creates an audience for Donald Trump. Self-centered eoomania, like the Middle East gets with one religion vs. another religion. Fiction addiction problems are raging in USA.

Even if your theory was true

My theory:

“When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience, and their public business a vaudeville act, then a nation finds itself at risk; culture-death is a clear possibility.”

― Neil Postman, Amusing Ourselves to Death: Public Discourse in the Age of Show Business, 1985 !BackTo1985@lemm.ee

I'd argue it started with Bush and his No Child Left Behind bullshit. It forced a certain curriculum to leave out common sense and critical thinking skills

Own your president Trump. Even if your theory was true, and I won't qualify it, nothing of this could have been possible without a ruined education system and mindless propaganda. All of this starts way before 2013.

Play stupid games and win stupid prices.

He is playing Vlad Putin 8D Chess, not Donald Trump 1D Checkers. https://lemmy.world/post/27627662/16165977 This was all planned in 2013.

Introduction to the Kremlin media techniques of **year 2014**

1. Peter Pomerantsev September 9, 2014: Russia and the Menace of Unreality. How Vladimir Putin is revolutionizing **information warfare**

2. Adam Curtis, BBC, December 31, **2014**: On The "Contradictory Vaudeville" Of Post-Modern Politics - *"What this film is going to suggest is that that defeatist response has become a central part of a new system of political control. And to understand how this is happening, you have to look to Russia, to a man called Vladislav Surkov, who is a hero of our time. Surkov is one of President Putin's advisers, and has helped him maintain his power for 15 years, but he has done it in a very new way."*

3. Book reading from December 5, 2014 on the subject by Peter Pomerantsev

One of my main rules of life is that people are most suspicious of the behavior they are most likely to perform. Cheaters think they're being cheated on, thieves think everybody is stealing from them. If HitlerPig thinks everyone else is looting, pillaging, raping, and plundering, its because that what he does.

Buying from other economies does two things. One, you have access to their expertise/efficiency.

Not everyone will have invested in the same industry.

Will miss out on cheap labour. Cheap resources.

Don't be dumb though, selling us USD for our products isn't just "printing paper". We use those USD (mostly we sell the debt to china) to buy USA companies. It's capitalism after all.

...

I literally just corrected someone else about the opposite mistake.

"prizes"*

Bingo.

It’s true in many roundabout ways, but the math adds up to “break for billionaires.”

Like, it’s full of nepotism and revenge, too. The Taiwan tax sucks. And take the discrete tax on automobiles and auto parts: I'll give you one guess on who that benefits.

Maybe Americans should consider not paying taxes in the first place.

Nah, that ship has sailed. They'll never cut diplomatic ties, because why would they?

They've already decided they need to come together to live in a world without the US... They're already making trade deals and new defense pacts, they're already planning around us

FYI , HERE is the most up to date list (including Turkiye, Israel and some others)

Are they just stupid or have they been paid off?

Neither one. they are in a cult. Donald Trump is entertaining / clickbait / meme leadership. The novelty of having a 78 year old man shit-talk on an Apple iPhone they can't resist. They have brain damage from it all.

“When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience, and their public business a vaudeville act, then a nation finds itself at risk; culture-death is a clear possibility.”

― Neil Postman, Amusing Ourselves to Death: Public Discourse in the Age of Show Business, 1985 !BackTo1985@lemm.ee

Most headlines I see are going with 10%, which is a big understatement.

It’s because they’re run by billionaires. Even liberal, big outlets harp on cultural issues to redirect focus.

This and a hundred other issues would be settled in the process of negotiating the breakup. Odds are only a handful of states would want them, as only a handful would have the economic base to support their upkeep. Nukes are expensive as hell to build and maintain. New York, California, Texas, etc. Like any divorce, you have to negotiate and find a way of dividing communal property.

Who gets to keep the nukes?

Honestly, at this point, I think it's time to just call it a day on the very idea of the US as a single unified nation. The Constitution has been demonstrated, beyond a shadow of a doubt, to be utterly incapable of actually doing its job. It's a 200+ year old document written in a different age, by people who didn't have hundreds of examples of modern democracies to draw upon. It was a good attempt, but it's horribly obsolete at this point. And our institutions are equally not up to the task. And it was written by 13 states who each joined willingly. If you gave each state a chance to join the current US today, how many would actually do it?

We need to peacefully dissolve the whole thing. Dissolve the federal government; grant every state full independence. The states can then come together into whatever number of new nations they wish to form.

This clearly isn't working. Half the country has completely given up on the Constitution, and the other half thinks institutions and laws alone will magically fix the problem. We've crossed the Rubicon. Once a president is allowed to get away with this level of flagrant law breaking, once the courts have become this corrupted, once the system has become so sclerotic and fundamentally incapable of meeting the needs of the people? It's time to call it quits. There's no repairing a system like this. Even if free and fair elections happen, electing a Democrat in 2028 will not fix this problem. At best, we'll get 4 more years of useless waffling, and then another fascist will get elected in 2032.

The US is a couple that has reached an impasse of irreconcilable differences. The US had a good run, but at this point it's time to admit that it's run its course, and it is time to move on.

The US isn't even really a nation; it's more of an empire. There are vast regional differences in the country. The cultures and desired governments of the people in the different regions vary substantially. But because we're all locked together in this bloated dying husk of an empire, nobody is happy. There's a reason the oldest countries in the world tend to be smaller ones. Empires are held together by force, not by common culture and shared values. They tend to collapse under their own weight and contradictions eventually. And the US is no exception.

And we shouldn't mourn this. The US had a good run. It did some cool things and made some real advancements on the human story. But governments exist ultimately to serve the people. Can anyone really say with a straight face that the people of the US wouldn't be better served by breaking the US into a series of smaller, more manageable nations that better reflect the will of their people? Would all the nations that border the Mediterranean really be better off if they were still united in the Roman Empire? Would all of Latin America outside of Brazil be better off if it was all still New Spain? Would the people of Asia be happier if they were still united in some post-Mongol empire? I don't think so.

Sometimes you just need to let things die. It's time to put the United States out of its misery. We can do better.

With a balooning debt to gdp ratio, its gonna get unmanagable really fast , people are too stupid to elect another FDR and US' tech dominance gap will shrink or be outright gone.

Chinese millenia is coming if its not already here

It doesn't necessarily give them more money as the tariffs regulate what we're required to pay a supplier for a good. There's not like a government fund it goes to or anything (unless my understanding is wrong). But not buying US products outside and inside the states is basically accelerationism on the economy. Which will hopefully wake people up so we can take this shit back for the people (and not just destroy all civilization which is what recent accelerationism has been about). The faster people rise up the less we have to rebuild, hopefully.

For people inside the US doesnt paying for the tarriffs just means more money going into this administration? Better to only purchase things if you absolutely have to

Everyone should be boycotting the US, especially those inside of the US.

Like playing ruzzian roulette with a full clip.

He doesn't care. He's rich and he's old. He just wants to grift his last few years away. He'll be shielded from the worst of the impacts.

He saw how much support Poilievre lost after he praised him, so now Mr Big Brain is trying reverse psychology.

That, or he might actually like Mark Carney. The entire tone seemed to change after they spoke.

Maybe because he’s waiting until the election is over? He’s probably noticed by now that he’s hurting Canada’s Conservative Party.

https://www.cbc.ca/news/politics/trump-tariffs-canada-1.7500316

I have to get bigger bootstraps.

Well, at least I've got that, I guess

Last I saw, it was 360k.

How much do I have to make before my tax bill goes down?

I love this idea, make it so fast that it just rolls right over his fat ass, but just enough to put him at deaths doorstep. 15 mins until total death. Put a report next to him. What does he say?

If Trump would be killed by a medieval seige weapon, then I will believe in god again.

You can't get close to orange fuck for anything like that. You gotta hope for a natural luigi to show up and say "time's up *removed*"

He was inside you all along

He missed.

At least Brazil has tariffs large than that already. I doubt he will decrease them.

Rest of the world is 10%. I assume that's what they'll see.

It was 10% as they have a 10% on the US.

In English, Brazil.

Oh cool!

They are already building one in Dresden, others are planned to follow. The CHIPS act is at last having an effect.

Yes, but when things are expensive people buy them less and corporations make less money

Lol no , if anyone thinks that its the best indicator that they dont know first thing about corpos ... theyll just jack the end price

Well they'll also be paying it in reduced revenue lmao everyone loses

I think he was just making a point about how outsized the price of the factory was. Like _even if_ they had to pay the tariffs, it wouldn't be worth it to build a factory, so it's double stupid of Trump to do this.

Americans will be paying the tariffs, not foreign companies.

I wish TSMC would open a factory in Europe.

Not only would it be very advantageous for the EU, it would sting like hell for the US.

Wait, what?

The current administration is trying to pull the funding back even tho its been appropriated by congress. Funny how congress isn't doing anything about it.

AFAIK, most low added-value products the US net exports are food. Also AFAIK, Canada mostly doesn't buy those, but the countries that do buy them won't just stop.

Well, yes, wages tend to decrease on that shift.

Except, for example many Canadians, who are really fed up with being the kick ball for American Presidents (Trump has a lot of company when it comes to tariffs), who will do their best to not buy anything from the USA. I predict our trade deficit will go in the opposite direction that Trump hopes. The USA still needs to buy electricity, gas/oil, wood, and various other raw products from Canada. We don't have to buy finished goods from the USA since there are plenty of other countries to supply them. We really don't need to vacation there.

And since we haven't moved the needle on the minimum wage in decades, people will be making those low-added value products at starvation wages.

Luxury goods are not really hit by tariffs nor taxes the same way more basic goods might be. A $ 4000 bag that goes to $ 4 500 is way more manageable for the kind of people who want to and can buy it (it may even make it more desirable for those who want and can't buy it).

I REALLY hope trump is just actively destroying the US either in the name of putin

People won't discuss that this was all planned in a November 2013 Moscow meeting and announced one month later in December 2013... shortly before the February 2014 Ukraine invasion. https://lemmy.world/post/27627662/16165977

Never underestimate the destruction that stupid people in position of power can do.

What is looking like more of an idiot than he already does going to accomplish? He’s the most idiotic politician in living memory, by far, and there are some absolutely colossal morons on that list.

He is a Reality TV star. People can not resist mocking Donald Trump. Mocking isn't resisting, mockery is all part of the Kremlin media techniques. The more idiotic he and Elin Musk behaves, the more people rush to their social machines and LOL. People can not resist his orange skin color, it makes skin color a constant topic (brown, black, white, orange, etc).

Introduction to the Kremlin media techniques of **year 2014**

1. Peter Pomerantsev September 9, 2014: Russia and the Menace of Unreality. How Vladimir Putin is revolutionizing **information warfare**

2. Adam Curtis, BBC, December 31, **2014**: On The "Contradictory Vaudeville" Of Post-Modern Politics - *"What this film is going to suggest is that that defeatist response has become a central part of a new system of political control. And to understand how this is happening, you have to look to Russia, to a man called Vladislav Surkov, who is a hero of our time. Surkov is one of President Putin's advisers, and has helped him maintain his power for 15 years, but he has done it in a very new way."*

3. Book reading from December 5, 2014 on the subject by Peter Pomerantsev

What is looking like more of an idiot than he already does going to accomplish? He's the most idiotic politician in living memory, by far, and there are some absolutely colossal morons on that list. The people who haven't figured that out are never going to. They will be praising him until the day they die.

It isn't quite that easy.

The US is a MASSIVE part of basically every luxury industry and isn't insignificant in many others. So while alternate trading partners can be found to handle stuff like lumber, plenty of industries are going to be hit real hard and not have alternative customers. And they aren't going to just want to lower their profits for national pride.

But yeah. I REALLY hope trump is just actively destroying the US either in the name of putin or just out of anger and spite over not winning in 2020. Because the alternative is that we are all going to suffer so fucking much because that piece of shit doesn't understand what tariffs are.

The effects of widespread tariffs is well known.

You will lose industry that makes high added-value products, and increase the production of products with low added-value. (Most people call this "deindustrialization".)

Tariffs mostly don't impact the overall trade balance, so there's no reason to expect that one to change.

The glue eating rageaholic is doing the opposite of this. He's going to tarrif farming EXPORTS from the US.

Never in our history has america had such a stupid president.

If we actually want manufacturing in the U.S., give companies incentives to do business here

Like the CHIPS act? The EV and related items? Infrastructure? High speed rail (most of which has a made in us requirement)? What happened to those again?

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

And we'll know exactly which countries bought him off

um, yeah. we heard you the first 5 times, why do you keep reposting the same comment over and over?

Timu: shop like a billionaire because only billionaires can afford the cheap Chinese garbage.

Shit might hit the fan harder and faster in USA, but don't be fooled: Canada and every other country in the world will be gravely affected: less trade, prices inflate, some goods become hard to find at all at any price, etc. US $ after all is the big reserve currency and all international trade was de facto protected by US military hegemony. Probably countries like North Korea or Iran will see least influence from all this.. It's insane to watch this happening. Their main goal really just seems to be to create chaos. And from chaos... rises whatever authoritarian state they want to create after declaring some state of emergency shit and after the superwealthy gobbled up all the failing companies at bargain prices. It's like they're organising a reenactment of the "shock therapy" that crashed the Russian economy on a speedrun after the soviet union fell apart.

China and Vietnam are producing a lot of the low cost every day items people use. It's going to hit the lower income people the hardest. Thank goodness I'm in Canada.

Mainly American people's lives.

He's basically making everything more expensive in USA that is not made in USA, but most things made in USA are dependent on imported parts, fertilizers, components, raw materials etc... This is going to be a mess to witness

You're going to get tired of ~~winning~~ tariffs.

It’s winning for magats because they wanted to hurt people

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

Start here https://www.wto.org/english/res_e/statis_e/statis_e.htm

Damn, I'd like to see the data on that.

Taxes on citizens have always been used to run the government those citizens live under. Doesn’t matter if it’s base on income or something else.

The only way to make other countries pay for your government to operate is to invade them and steal all of their resources… like Hitler did.

It’s really not worth trying to make sense of anything this guy says. He is the definition of a bullshitter.

Why would someone run a business exporting goods into a country if they couldn't charge more than the cost of duties, labor, and materials for the goods?

Don't forget land sales tax which happened a lot after the Louisiana Purchase and the Gold Rush.

And, for wrecking their business, had to bail the farmers out with the tariff money lol

Today

So far*