Summary

Global leaders criticized Trump’s new tariffs, which range from 10% to 49%, warning of trade wars and economic fallout.

The UK and Italy urged negotiation, while Brazil passed a reciprocity bill. China and South Korea vowed countermeasures.

Australia and New Zealand rejected Trump’s logic, citing existing trade deals and low tariffs. Norfolk Island was baffled by a 29% duty despite having no exports.

Financial markets dropped, oil and bitcoin sank, and leaders warned of inflation. Analysts say Trump risks fracturing global trade with little to gain economically.

    • @[email protected]
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      013 days ago

      17% and they’re already crying about it.

      Ironically it’s the closest the US has gotten to a BDS policy in its history with Israel.

    • @[email protected]
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      013 days ago

      I’ve been saying this for years - why does anyone listen to him? He has no credibility - his whole life bio shows this clear as day.

      • @[email protected]
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        012 days ago

        Americans are trained from birth to value ignorance as the greatest virtue. Donald Trump represents everything that American culture venerates.

  • @[email protected]
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    013 days ago

    I saw someone say it seems that the tariffs were calculated by dividing our trade deficit by their exports to us and cutting that number in half. Another person analyzed his charts and concluded they look a lot like they were generated by AI.

    So, there is, literally no basis in logic. Either one of Trump’s minions calculated what it would take to recoup the difference in the trade deficit and just wrote it down and he announced that as the new basis for international trade, which has never, ever been done, for the reason that it is fucking idiotic, or he asked Gemini how to execute his already objectively stupid policy and wrote an Executive Order making it the law.

    And the fact that we are forced to accept people on the Internet’s guesses about how he calculated these numbers may actually be worse than the fact that just about every product on the market more complex than a stapler just jumped about 30% in price.

  • @[email protected]
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    012 days ago

    UK and Italy are playing Trump’s game. He doesn’t negotiate. He demands tribute and only honours agreements if they are a win for him and he feels like honouring it at the time. Canada has a Trump negotiated trade agreement - the best agreement ever, in his parlance. It is apparently not worth the paper it is written on.
    Countries must negotiate trade agreements - with everyone except the USA. And citizens must support their countries by not purchasing any thing from the USA. As for the few Americans that didn’t vote for Trump, so sorry but your fellow Americans still fully support him. So it isn’t “just Trump”, it is America that is the problem. Trump is simply reflecting who the majority of Americans really are.

  • @[email protected]
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    012 days ago

    This thumbnail looks like the shittiest ‘Soulsborne’ Boss. Ever. Like, worse than Patches. Limping; anaemic.

  • Fair Fairy
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    013 days ago

    translated some analytics written for Russian audience. from here: https://t.me/s/artjockey

    About the Tariffs Today marked the “great day for the USA” previously announced by Trump, as the U.S. has now imposed import tariffs against the entire world. I won’t make predictions about how this will affect the global economy, how much the S&P has dropped, and so on. Instead, I want to draw attention to something that might not be immediately obvious.

    The newly introduced tariffs can be divided into three parts: economic, political, and protective.

    At the core of these tariffs is a baseline 10% duty on all imports. I’m not sure why there’s so much noise around this—basically, Zoomers invented the reusable shopping bag, and Trump has invented VAT. The U.S. has never had a national-level VAT before, only state-level sales taxes. Now, there will be a federal VAT, but only on imports and only at 10%.

    There are also clear protective tariffs, intended to give advantages to domestic manufacturers and to motivate foreign companies that want to sell in the U.S. to move production inside the country, so they can stay competitive against local producers. These are 25% tariffs on all imported cars and computers. It’s all fairly straightforward and not worth overanalyzing. Russia has all of this too: VAT, protection for domestic car makers (e.g., AvtoVAZ), and maybe in the future Trump will even “invent” vehicle recycling fees.

    In short, Trump could have quietly pushed a 10% import VAT through Congress without much publicity, and you wouldn’t have even seen the news in any headlines. But in that case, he wouldn’t have been able to kick off a series of trade wars.

    The most interesting part of the tariffs is their political nature. I think everyone understands that the 54% tariff on all imports from China (a combination of a previous 20% and today’s 34%) is by no means a reciprocal move—it’s a global trade war that could even precede a real war. This was expected; Trump launched a trade war with China during his first term, and the motivations are clear.

    What’s far more intriguing are the tariffs against some of America’s allied countries, which, in my opinion, make up a rather unexpected list:

    India: 26%

    Japan: 24%

    EU: 20%

    Taiwan: 32%

    South Korea: 25%

    Israel: 17%

    Philippines: 17% (a country hosting U.S. military bases aimed at China)

    Meanwhile, countries that didn’t receive tariff increases and stayed at the base 10%, from a global perspective, include:

    South American nations: Brazil, Argentina, Uruguay — 10%. Panama also 10%.

    Oil-rich Middle Eastern countries: Saudi Arabia, UAE, Qatar, Bahrain, plus Turkey.

    AUKUS members: UK and Australia — even though Trump criticized Australia in a speech, no extra tariffs were added.

    Africa: Though likely of little strategic interest to Trump for now.

    From this differentiation of tariffs, you can infer how Trump views the U.S.’s global strategic direction—a vision that will likely be pursued further.

    Notice the low tariffs for South America. Remember how Rubio, right after taking office, made a diplomatic tour across Latin America—something that hadn’t happened in a century? It seems Trump is aiming to “pull Latin America out of China’s hands” and form a U.S.–Latin American alliance in the Western Hemisphere.

    At the same time, clear preferences are being given to those joining new U.S. military alliances, as alternatives to the increasingly hard-to-control NATO.

    On the other hand, traditional U.S. allies are out of luck. The economies of the EU, Japan, and South Korea—countries that have money but are not considered crucial allies by Trump—are being treated as revenue sources.

    This is especially evident in the EU’s case. According to the “Trump Doctrine”, the main rival to the U.S. is China, and the EU is useless in the fight against China. They won’t go to war over Taiwan, nor will they support a likely sanctions regime against the PRC. So, in Trump’s view, they should simply start paying America in hard currency now, with the long-term plan being further deindustrialization and relocating manufacturing to the U.S…

    The tariffs will go into effect between April 5 and 9. Based on past experience, I wouldn’t be surprised if they never actually take effect—maybe they’ll be repealed, suspended, or something else. But if nothing changes and the 20% tariffs on the EU, Japan, and others remain in place long-term, then the so-called “golden age of universal prosperity” will likely become a thing of the past for those nations.

  • Lit
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    013 days ago

    no tariffs on russia, only sanctions?

  • @[email protected]
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    013 days ago

    Have we forgotten that he has done this each month since he was Inaugurated?

    Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.

    The stock market will recover a bit, and the wealthy will make a fortune. In a month, he’ll do it all over again.

    It’s deliberate market manipulation.

      • @[email protected]
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        13 days ago

        I’ve been using it ever since i heard thats what the younger staffers in the Biden White House called him. I found it simultaneously hilarious, vicious, and accurate. I encourage you and others to use it often.

        Agent Krasnov is an acceptsble alternative.

        Other suggestions:

        Kapo Stephen “PeeWee Himmler” Miller (my favorite)

        Steve “Unwiped Asshole” Bannon

        Empty G

        Lauren Boobert

        Big Boobie Bondi

        Couchfucker Vance (not very original, but a good reminder)

        Gold Digging Whore (the Propaganda Secretary, I can’t be bothered to learn her name)

        Traitor also works for all of them. Nazi, too.

    • @[email protected]
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      013 days ago

      And we’ll all be destitute for it. Everyone loses when they do this, yes, even they do in the long run. Once nobody can buy a loaf of bread I’m sure we’ll collectively decide right at that moment that the rich actually do taste good and maybe they should pay more in taxes.

  • @[email protected]
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    013 days ago

    Trump’s government has made the US a village idiot - and if the idiot gets into a fight with the whole village, the idiot will have more bruises.

    Why he does that - I don’t pretend to understand.

    • @[email protected]
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      012 days ago

      The village idiot has more guns than the whole village together. So I’m not sure he will accept the bruises.

      • wanderingmagus
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        012 days ago

        Until nukes start flying. I pray every day for the light of a thousand suns. We deserve it.

    • Realitätsverlust
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      012 days ago

      He’s preparing for an authoritarian takeover.

      Almost every dictator in history enacted massive tariffs so they had a way to control the economy. Loyal businesses are given tariff exemptions while all the other ones are suppressed. That’s what Mussolini did, that’s what Putin did and now it’s what trump does.

      I’ll wonder if that “we need guns to defend ourselves against an oppressive government” statement was true.

      • @[email protected]
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        012 days ago

        All the guns on the world won’t do any good against a missile. Gun nuts are just waiting for an excuse to shoot their neighbors. Jokes on them because no gun can save them from getting 🗡 In their sleep or getting their food ☠️.