Live updates: Trump announces sweeping tariffs
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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 “bone spurs” 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.
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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
I don’t see how that is relevant to the question of, ‘if other sanctioned countries are being tariffed why is Russia not tariffed’ and ‘we still traded with tariffed countries including Russia so why is Russia treated different’.
I mean these questions are largely rhetorical, we know why. The fact that we buy less from Russia is first of all you moving the goal posts from assuming we didn’t trade with them, and second not related to why countries are tarrifed.
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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.
Absolutely, but if one has no idea what they are talking about, they might massive brain worms about the US debt and it being caused by our budget deficit. Then they look at all these other countries and learn about the 'deficit' we have with them and that's the same word, same thing, ezpz. Now you simple get a solid 50% debt to income ratio by dividing the two and cutting it in half, check mate economists.
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How is any of this "hurting said corporations?"
Tariffs are a tax on the working class. Corporations will use this as an excuse to raise prices beyond how much their costs increase due to tariffs.
If a tariff causes a product to cost 5% more to bring to market, you'd better believe they're going to charge 20% more to the customer.
The ruling class always gets theirs. We can thank the useful idiots among us for why things never change.
Domestically, this is what will happen, but those corporations are also multinationals and get a large amount of money from doing business outside the US. What Trump is doing with the sort of threats he's making to US allies is causing their reputation to plummet abroad along with their revenue. This can only go so far before competitors from EU and China take their spot and they lose all international relevance. Additionally, the tariffs will put them at a disadvantage in the global market compared to corporations outside the US which is further contributing to their loss in revenue. So if Trump's main interest was in helping those corporations, I doubt he would be doing this.
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I don’t see how that is relevant to the question of, ‘if other sanctioned countries are being tariffed why is Russia not tariffed’ and ‘we still traded with tariffed countries including Russia so why is Russia treated different’.
I mean these questions are largely rhetorical, we know why. The fact that we buy less from Russia is first of all you moving the goal posts from assuming we didn’t trade with them, and second not related to why countries are tarrifed.
You havent tell me a country, outside Russia, that is santionated too so its a tie ^^ Look, im not defending Trump or his administration, first of all im an European, second i couldnt care less about those tariffs because i think they will affect a lot more the Americans than the rest of world but it makes me sick people going mad over this when there is a lot of worst more problems to talk about, talking about this is going to the basic, its like talk to a simp (not your case, not insulting you or try to)
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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
Iran, Syria.
And what do you think "zero" means, exactly?
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The only real reason I can think of
It's mercantillism, a well studied subject.
Maybe, but threatening your customers who are buying your exported goods doesn't seem like a good strategy, and US-based corporations already dominate in the US, so it's not like they're helping the US become more powerful unless they're preparing for WW3.
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Pls 100% world wide tax.
I like to go straight to the "Find Out" phase.
(Remember, when the great depression happens, its our duty to eliminate nazis)
shit bruh, we could just start that process now and skip over the bread line bullshit.
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nah, bruh. we need something else for them.
