Live updates: Trump announces sweeping tariffs
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There's technically no upper limit, why not make it 10000% and really see what happens!
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As of now at 17:00 Rome time: 0.90 USD / 1.00 EUR. That is a really big drop
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Man is trolling about Rwanda and Uganda
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In case anyones looking at this and asking question like "Why has Cambodia been dunked with 49% when they're clearly not a competitor to the US" or "Why is Trump claiming that the European Union has a 40% tariff on the US when the actual mean tariff on US goods into the EU is less than 5%", here's your answer to how these figures have been calculated.
- Take the US trade deficit with a given country (eg. China is $292bn)
- Take the total good imported by US (for China that's $439bn)
- Divide the first figure by the second! Why? Who knows! It's a number! Less talk more first grade arithmetic (if you're still following that gives us 67%)
- That gives us a random number which we'll pretend is that country's tariff of US goods even though it's completely unrelated in every way. We'll divide it by two to get the new tariff rate for imports from that country. Why? Honestly if you're still expecting there to be an answer to that question I'm wondering if you've been following. (that gives us 34%, well actually it gives us 33.5% but I'm not sure the Trump administration understands the idea of fractions so we'll just round it up from there)
The "reason" behind this is that Trump seems to think trade deficits are really bad, which is bad news for the US because it's had a trade deficit for the last 50 years. We'll ignore the fact that based on per capita GDP it's been the wealthiest country in the world for that time though.
Anyway, just to give every an idea of how completely, utterly unrelated to anything meaningful that figure is, let's take Cambodia. The country is very poor compared to the US so can't afford to buy anything that the US manufacters (Cambodians aren't driving round in Teslas or IMessaging each other). Some US companies use it for clothing manufacture because labour is cheap in Cambodia (see the previous bit about Cambodia being much poorer than the US). This means that Cambodia imports close to nothing from the US compared to what it exports, giving it a close to 100% trade deficit, so we wind up with a 49% tariff on Cambodia.
I genuinely don't understand the mindset that looks at the US's explotation of cheap labour in Cambodia and interprets the US as the victim in that relationship, but hey-ho maybe I'm just not biggly-smart enough to understand the 4d chess moves at play here. . .
Reference (because unfortunately none of what I said was made up and that geniunely is the calculation): https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists
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well the spoiler text really was just because I wanted to talk about Mbaye Diagne and you just have to hover over the links to get the joke. But I get it, different levels of humor appeal to different people. A lot easier to digest when it's all just spelled out for ya and you don't have to think any harder about it.
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lol and I wonder why you had the idea and were inspired to play up the idea of "countries that start with R" after you just read two other comments doing the same thing.
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Been browsing the conservative subreddit this morning just to see what they all are thinking. There is a surprising number of "This is a terrible idea" comments but its also funny seeing a whole bunch of republicans who now suddenly like higher taxes, inflation and stock crashes.
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https://www.youtube.com/watch?v=k1tsGGz-Qw0
This you?
(But this just an internet comment, ain't that deep, Mr. Peele
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No, it's at 1.105$/€.
You looked at €/$ instead
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yeah, guess it's just push back to reddit enshitification. Bots and losers steal comments, people upvote the laziest shit, it all becomes shit as you chuckle out the door. I think it was after seeing your profile and just thinking you're a comment stealing agenda-troll that encouraged me to call you out.
Thank you for reinforcing that it was a correct decision and I shouldn't just let people like you treat other people like shit then actively shit on them some more instead of apologizing or even having one ounce of humility as a human being. But please continue virtue signaling some more in your profile about how radical and righteous you are.
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Putting on my best swiss cheese brain, maybe they are treating it 'like a business' and trying to do debt to income ratio? So our deficit is the debt then they look at tariffs on the imported goods as the income.
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Trump announces "Things aren't expensive enough."
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It's like the USA won the Cold War and found themselves with nowhere left to go, exhausted. The state became less relevant by the year as it was intended by their neoliberalism, and greed is always everywhere taking over as many spaces as possible, it's just its nature. But an ever disappearing government is just a milking cow, why it even exist if it's been taken by the greedy? In this scenario, instead of being hopeful about its mere existence, because it should be one way for the people to regain power, it is just another way to take more wealth from the people, and an instrument to control them.
My point was that Trump, Trump-Putin, are just a consequence. The USA government showed critical weaknesses and they are being exploited. At the same time, you point it out well, the government found weaknesses of society to exploit. Americans should exploit them too, usually it's done politically, but both of the American parties are basically the same (I know politically involved individuals do hate this statement, but from outside of the USA it's very clear); it's time for the people to regain power, and they will, this tariffs craze is gonna make them have to fight back.
