Live updates: Trump announces sweeping tariffs
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And the other countries that have sanctions but still got tariffs?
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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
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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
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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, arenāt 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.
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No! Your football team bad, mine good!
Haha I play soccer not football.
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Oh no. We produce stuff. The best weapons for killing people are made here.
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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.
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Why does he think tariffs are equal to trade deficits?
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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.
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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 -
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.""
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That's a really good explanation, there's no realistic way to make your money back from McDonald's
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Oh shit youre right. Good catch. I'm an american living in Europe but my clients pay me in dollars. Sucky times ahead
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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).
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He just saw that they have a massive tariff against the US going back decades and I guess he took it personally.
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Apparently ChatGPT.
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Then too, also now.
