The world reacts to Trump's sweeping tariffs: 'No basis in logic'
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ok, then...
i have a huge trade deficit with walmart.
i buy way more from them than they do from me ($1200-1500 a year vs $0); just like the u.s. buys more from many countries than those countries buy from the u.s.
like the leaky diaper's new
tariffsimport tax, i should charge myself a ridiculously high extra tax on purchases from walmart until they buy $1200-1500 a year of some mythical product from me to even out the 'unfair' imbalance?yea. that'll work.
wrote 5 days ago last edited bythe "logic" is pretty much as you described it. Only, after charging yourself with the extra tax on Walmart purchases, you obviously can't afford Walmart any longer, so you learn to make your own soap with ash and the fats of animals that you have started breeding in your own flat.
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I recently read an article that suggested the best retaliation would be to stop enforcing US intellectual property in the EU. One of the biggest exports they have is media, if we would stop enforcing their copyright it would cost them a lot of money.
wrote 5 days ago last edited byYou don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.
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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.
wrote 5 days ago last edited byNo, I just saw another comment that found the "logic"(read whatever the inverse of that is). Apparently he thinks a trade deficit is a bad thing. So he is trying to "balance" them in the summer way possible, by enacting a traffic that inverses it. So Vietnam, we buy $9.7 mil of product from while selling ~$325.25 k to them. So he is enacting a 97% tariffs on imports from Vietnam.
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wrote 5 days ago last edited by
You're hired
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You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.
wrote 5 days ago last edited byThats still too long imo. Patents are 20 years, so should every IP protection.
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wrote 5 days ago last edited by
Naa, 9001% is too high. It's impossible. Better stick with 9000%.
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They’re AI generated tariffs. He asked Grok and these are the numbers it spat out.
wrote 5 days ago last edited byHe's imposing tariffs on uninhabited islands... what a fucking moron...
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wrote 5 days ago last edited by
There are penguins!
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Thank you! Neither the BBC nor the Flemish public tv seem to say this yet (they just repeat the statement Trump gave)
wrote 5 days ago last edited byThis is the only person I have seen say this so I can only guess no one is repeating it but it appears to be correct when I checked a few countries.
Its fucking insane to think Cambodia has a 97% tariff, and he thinks they are getting rich off of it.
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There are penguins!
wrote 5 days ago last edited byMcDonald's fucked up his order recently which is why their island received tariffs.
He's going to get free hamberders for life when they cave.
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There are penguins!
wrote 5 days ago last edited byTrue. Those freeloading penguins.
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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.
wrote 5 days ago last edited byArt of the deal, folks
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They’re AI generated tariffs. He asked Grok and these are the numbers it spat out.
wrote 5 days ago last edited byThey're mostly [Trade deficit]/[Exports to US]
Which is a fucking stupid basis for tariffs.
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I recently read an article that suggested the best retaliation would be to stop enforcing US intellectual property in the EU. One of the biggest exports they have is media, if we would stop enforcing their copyright it would cost them a lot of money.
wrote 5 days ago last edited byOf that I am not convinced. This will work with a lot of smaller countries that don't have much of a copyright portfolio, but not with Europe.
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well, they can't even name a single country in ASEAN.
wrote 5 days ago last edited byno, “Sean” is not a country in ASEAN. That is incorrect.
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What about Israel? Aren't they sucking you dry? Perhaps add some tariffs there?
wrote 5 days ago last edited by17% 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.
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They're mostly [Trade deficit]/[Exports to US]
Which is a fucking stupid basis for tariffs.
wrote 5 days ago last edited byThe depth of stupidity of this Administration will be studied by mathematicians for centuries as a new form of fractal.
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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.
wrote 5 days ago last edited byHave 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.
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They're mostly [Trade deficit]/[Exports to US]
Which is a fucking stupid basis for tariffs.
wrote 5 days ago last edited byIt's possibly the most stupid basis for tariffs. The penalty is directly proportional to U.S. reliance on a country's imports. The countries that are the most important suppliers to the U.S. are penalized the most. It's a policy designed to cause maximum reshuffling of production, which maximizes the start-up costs of developing new factories and so on. And those factories are not going to be in the U.S. Import substitution industrialization is a failed policy and it won't work for reindustrialization either.
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I’ve never once heard a penguin say thank you.
wrote 5 days ago last edited byThose slovenly penguins dont wear suits, either.