Russia Not on US Tariff List Despite Broad Global Reach | Sweden Herald
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That’s an absurdly low bar.
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As much as I despise Obama for vastly expanding our extrajudicial drone strike policy..... All things put into perspective, yeah he was pretty decent.
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I wonder why
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I was fine with like 80% of Obama and like 60% of Clinton's actual policies while enjoying the economy that I don't credit him for. But then W Bush was like a 10% and Trump 1 maybe 10% (Warp Speed, passing the vast majority of Covid stimulus, ironically all the stuff he's against now) and I'm batting zero so far on Trump 2 but I assume at some point he'll do something I agree with.
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Because Tariffs don't work on non-allied countries
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The US has been sanctioning Russia for the better part of the last decade. We aren't tariffing them because we aren't trading with them.
We also aren't tariffing Venezuela, Cuba, or North Korea, for the same reasons.
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Yeah if I were being charitable I might imagine they aren't on the list because they are already subject to extremely high tarrifs and embargoes. Maybe increased those tarrifs could be a bargaining chip in ending the Ukraine invasion. Impossible to tell with Trump though.
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I really want to say Bush’s useless Trillion dollar wars are worse than this.
I would say Bush's bailout of the O&G sector in '01 and the Financial Sector in '08 laid the seeds for worse social and ecological conditions over the subsequent two decades. Similarly, NAFTA and the subsequent midwestern de-industrialization was nightmarish for US industry and Mexican agriculture.
These blunders set us up to need international trade. What's crazy about Trump's tariffs is that he's not addressing the underlying infrastructure problems or the crushing post-Great Recession debt traps. He's just squeezing at the point of the supply chain in order to punish American industry and labor for adapting to the sabotaged economic landscape of the neoliberal era.
It is the economic equivalent of kicking a guy in the kidneys after he's already been laid out on the ground.
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Obama was pretty decent no?
How Obama Destroyed Black Wealth
Neil Barofsky, the bailout inspector general, later testified that protecting the banks was the actual goal. The administration’s aim was to “foam the runway” for the banks, as Barofsky witnessed Tim Geithner tell Elizabeth Warren. HAMP failed, in other words, because it was not designed to help homeowners.
As a result, in many cases HAMP actively enabled foreclosure. Its re-default rate — the fraction of people who got a modification and later defaulted out of the program — was 22 percent as of 2013. Only about $15 billion of the original $75 billion appropriation was spent by mid-2016.
Out of an initial promised 4 million mortgage modifications — itself a drastic underestimate — by the end of 2016 only 2.7 million had even been started. Out of that number, only 1.7 million made it to permanent modification, and of those, 558,000 eventually washed out of the program.
...
Former Wells Fargo employees later testified that the bank deliberately tricked middle-class black families (who they called “mud people”) into subprime “ghetto loans.” Overall, a Center for Responsible Lending study found that from 2004 to 2008, 6.2 percent of white borrowers with a credit score of 660 and up got subprime mortgages, while 19.3 percent of such Latino borrowers and 21.4 percent of black borrowers did.
The effects of the foreclosure disaster are starkly apparent in Survey of Consumer Finances data. To start, the homeownership national rate shows a marked decline over almost the whole Obama presidency, reaching the lowest rate since 1965 (before slightly rebounding).
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Embracing the Ultra-Nationalist Paleocon wing of the Republican Party and stuffing your administration with goldbugs and Silicon Valley anarcho-capitalists?
Why does an American President consuming American Propaganda and regurgitating a uniquely American public policy at the behest of his wealthiest American peers and hooting white-nationalist proles waving American flags get flagged as Russian?
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Surely American trades some products? Where does Russian vodka come from?
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https://www.statista.com/statistics/1306859/us-imports-by-commodity-from-russia/
It does look like we import about $3B/year. Mostly fertilizers, which make up 1/3 of total imports, and some raw metals and a bit of heavy machinery. But that's minuscule beside our trade balances with the top of his tariff list - China, the EU, Vietnam, Taiwan, Japan, and India. We do $20B/year with tiny little South Korea, as a point of comparison. We bring in $6B/year from South Africa.
To my knowledge, we don't import Russian vodka in any significant quantity. Anything "Russian" branded is typically imported from one of the neighboring states - Ukraine, Belarus, Poland, Romania. Red Army Vodka, for instance, is from a Polish company.
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I was under the impression that we (in Canada) get our vodka mostly from Finland, but it's been a while since I worked as an alcohol purveyor... I'm ashamed of the things I did during those years, but I'm in recovery now, thank you for your concern
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He slapped a 50% tarrif on Lesotho, so it's clearly not about size or impact.
And the UK got a 10% tariff applied even though the US doesn't have a goods trade deficit with them.
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If she has a US birth certificate she would be a citizen I believe. If not any attempt to run for office would be questioned.
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The US consistently runs a trade deficit with Russia.
https://www.census.gov/foreign-trade/balance/c4621.html
The US has a trade surplus with the UK, but still applied a 10% tariff to them.
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Maybe, but apparently we're tariffing multiple uninhabited islands. It would seem that active trade is not a perquisite for tariffs these days. can't be having people move out there and not getting tariffed in the future.
I hope he puts tariffs on Mars next. Maybe after he falls out with musk.
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You can view this one of two ways, possibly both:
- Krasnov
- Trump apparently was doing these tariffs based on trade deficits (Which is stupid on its own, if your dentist doesn't buy the widgets you sell, that's not a tariff.), if Russia wasn't running one, then there you go.
To rebuke 2 I present the following- https://ustr.gov/countries-regions/europe-middle-east/russia-and-eurasia/russia
U.S. total goods trade with Russia were an estimated $3.5 billion in 2024. U.S. goods exports to Russia in 2024 were $526.1 million, down 12.3 percent ($73.5 million) from 2023. U.S. goods imports from Russia totaled $3.0 billion in 2024, down 34.2 percent ($1.6 billion) from 2023. The U.S. goods trade deficit with Russia was $2.5 billion in 2024, a 37.5 percent decrease ($1.5 billion) over 2023.
Based on that math, with the CNN article I linked for the formula we get - (2,500,000,000 / 3,000,000,000) * 1/2 = 0.416666...
So Russia should have a 41% tariff.
