Live updates: Trump announces sweeping 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
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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I don't think these are reciprocal. I think these are unilateral, and when countries respond, their tariffs will be reciprocal. The distinction is very important. This is a problem created by Trump, not by other countries. You don't get to choose false language to describe it that shifts the blame.
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 -
And the other countries that have sanctions but still got 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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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.
That's a really good explanation, there's no realistic way to make your money back from McDonald's
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No, it's at 1.105$/ā¬.
You looked at ā¬/$ instead
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
"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.""
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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No! Your football team bad, mine good!
Haha I play soccer not football.
Just reminding people this handy button exists! -
Trump clearly has some feelings about Vietnam. He used his ābone spursā excuse to avoid being sent over there back in the day. Lmao
What a pussy
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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Is he using a random number generator?
Apparently ChatGPT.
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... Now?
Then too, also now.
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Ironically crashing the economy is one of the best things you can do to slow down climate change
Sure, but he is just crashing Western economy as Russia is preparing to invade rest of Europe.
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The overabundance doesn't just vanish. When the poor have less, the wealthy have more. There may be more homeless people fighting over food but the billionaires will be able to get a fleet of yachts.
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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Trump clearly has some feelings about Vietnam. He used his ābone spursā excuse to avoid being sent over there back in the day. Lmao
What a pussy
I think it is something to do with China using it as a proxy for their export.
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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%Putin's bitch trying to further destabilize the world for daddy.
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Do you understand that sanctions applied are prohibitions? You and the other downvoters... Why would you apply tariffs if you cant sell or buy? Brains people!
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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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.""
Sanctions doesn't mean you can't trade with a sanctioned country. The US never stopped trading with Russia.
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Doesn't the US already have full sanctions with Russia? So literally no trade is happening with them, so a tarrif would be pointless? Maybe I missed trump removing the sanctions at some point in his onslaught of nonsense.
Trade IS happening with Russia. Only specific companies and industries are sanctioned, everything else is business as usual.
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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).
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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Why does he think tariffs are equal to trade deficits?
Run headfirst into a brick wall a dozen times and then maybe you will start to understand
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Trade IS happening with Russia. Only specific companies and industries are sanctioned, everything else is business as usual.
Sounds like I stand corrected.
