- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
Among the reciprocal tariff levels Trump announced:
China: 34%
European Union: 20%
South Korea: 25%
India: 26%
Vietnam: 46%
Taiwan: 32%
Japan: 24%
Thailand: 36%
Switzerland: 31%
Indonesia: 32%
Malaysia: 24%
Cambodia: 49%
United Kingdom: 10%
Rest of the world: 10%
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Been browsing the conservative subreddit this morning just to see what they all are thinking. There is a surprising number of “This is a terrible idea” comments but its also funny seeing a whole bunch of republicans who now suddenly like higher taxes, inflation and stock crashes.
What a dumbass
Putin’s bitch trying to further destabilize the world for daddy.
If the goal is destruction then trump is doing a good job of that.
Me, checking what the damage is: oh good, my European defence stocks went up 2 to 4 percent today while the American stocks are tanking, happy days!
Me, after thinking on it a bit longer: oh God, my European defence stocks went up while the world economy is taking a hit, better get ready for whatever’s coming
Trump clearly has some feelings about Vietnam. He used his “bone spurs” excuse to avoid being sent over there back in the day. Lmao
What a pussy
Trump announces “Things aren’t expensive enough.”
Don’t buy American. Make America lose the trade war and crawl away from these tariffs
Is he using a random number generator?
bamboozle them with bullshit
Imma just post this video here: https://youtu.be/5RpPTRcz1no
What the current administration is doing tracks with this video fairly accurately. Basically, “Network States” are what they want. It’s basically what exists in Honduras right now in the form of "Prospera, which is a network state that operates in that country.
The following quote from ChrisO_wiki on bsky
“@chriso-wiki.bsky.social Just figured out where these fake tariff rates come from. 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.” Just about sums it up.
Damn, I’d like to see the data on that.
Like he would even know what that is.
It’s probably like his net worth, where “it goes up and down with the markets and with attitudes and with feelings”, “even my own feelings, as to where the world is, where the world is going, and that can change rapidly from day to day”.
https://money.cnn.com/2011/04/21/news/companies/donald_trump/index.htm
No, it’s half the tariff those countries place on American goods. Or so he claims. I have no idea where those numbers come from.
He doesn’t understand what VAT is.
He doesn’t understand anything. Here’s what he said about income taxes and tariffs today.
They established the income tax so that citizens, rather than foreign countries, would start paying the money necessary to run our government
LOL.
I’m not sure that that’s necessarily wrong. Excise taxes, import duties, etc. have been around for millennia. In the US, the income tax has only been around since the Civil War (which it was created to pay for).
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?
That’s one of the stupidest things I’ve ever read.
So far*
Today
by the way that was his first presidency too, he did the same thing.
And, for wrecking their business, had to bail the farmers out with the tariff money lol
That’s probably why you’re not the president.
Tarrifs are a Trump Tax on ordinary Americans so they can give tax breaks to billionaires.
Maybe Americans should consider not paying taxes in the first place.
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.
I’d love to open the news one evening and not feel like we’re another step closer to the apocalypse.
Honestly, fuck Trump. Where my Luigis at?
He was inside you all along
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 bitch”
Not even via a trebuchet?
Trebuchets:
A superior siege engine for today’s trying times!
If Trump would be killed by a medieval seige weapon, then I will believe in god again.
Imagine he’s golfing and a fucking engine block of a 1982 Buick Regal comes sailing through the air from 200 meters.
One can only dream.
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?
Reporter:
Mr. President, would you say that that trebuchet was reciprocal?
He missed.
The guy is really playing economic Russian roulette. This can consequently go terrible wrong for the US.
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.
Like playing ruzzian roulette with a full clip.
A lot of people’s lives are about to get more expensive… again.
<butterfly meme> Is this winning?
You’re going to get tired of
winningtariffs.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.
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.
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.
um, yeah. we heard you the first 5 times, why do you keep reposting the same comment over and over?
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
It’s winning for magats because they wanted to hurt people
Trump: Meta will invest $500 billion.
Truth: Meta will invest around $60 billion.
Thats a gross mis representation of what’s factually correct in monetary terms.
This fucking asshat is going to sink the American economy. No major company is going to do this. Why would TSMC spend “$500 billion” to build a factory?
Them just paying the tariff would be less than building a new factory. They just need to survive trumps term and frankly, when the U.S. can’t get chips at an affordable price from Taiwan, those tariffs will fall away like a pillar f sand during high tide.
Absolutely dumbest fucking turd on the planet.
Americans will be paying the tariffs, not foreign companies.
Well they’ll also be paying it in reduced revenue lmao everyone loses
Lol no , if anyone thinks that its the best indicator that they dont know first thing about corpos … theyll just jack the end price
Yes, but when things are expensive people buy them less and corporations make less money
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.
They are already building one in Dresden, others are planned to follow. The CHIPS act is at last having an effect.
They’ll be reverted as soon as he gets some flattery and palm greasing from the right people.
And we’ll know exactly which countries bought him off
That’s all this was about anyway
