Live updates: Trump announces sweeping tariffs
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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.
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Sure, but he is just crashing Western economy as Russia is preparing to invade rest of Europe.
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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.
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This comment implies that you can buy and sell with an uninhabited island...
You're not serious, right? This is a bit?
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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
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Run headfirst into a brick wall a dozen times and then maybe you will start to understand
