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  3. Live updates: Trump announces sweeping tariffs

Live updates: Trump announces sweeping tariffs

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  • D [email protected]

    Conveniently left Russia out. I wonder why.

    L This user is from outside of this forum
    L This user is from outside of this forum
    [email protected]
    wrote on last edited by
    #229

    I think you're reading too much into that.

    They're either under "Rest of world" like the EU, or the US doesn't import anything from it, which as it's under sanctions, it shouldn't - nor export to.

    whynotsquirrel@sh.itjust.worksW A D 3 Replies Last reply
    0
    • L [email protected]

      Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

      So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

      Copied from twitter from someone who’s suffering insomnia right now.

      Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

      So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

      https://www.reddit.com/r/Thailand/comments/1jq32od/new_import_tariff_to_usa/ml4328d?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=2

      Source of these trade deficit numbers is in https://www.reddit.com/r/Thailand/s/TKZ68gLs6z

      K This user is from outside of this forum
      K This user is from outside of this forum
      [email protected]
      wrote on last edited by
      #230

      I checked and this does seem to fit for Switzerland.

      Trade deficit of US to Switzerland: 38.5 B
      Exports from Switzerland to US: 63.4 B

      Ratio of the two: 61%

      Half of that as "reciprocal" tariff: 31%

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      • T [email protected]

        The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.

        T This user is from outside of this forum
        T This user is from outside of this forum
        [email protected]
        wrote on last edited by
        #231

        Nope they should have realised that even though they "own" this government, the president is communicating with a foreign server they don't own.

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        • lucidlethargy@sh.itjust.worksL [email protected]

          The glue eating rageaholic is doing the opposite of this. He's going to tarrif farming EXPORTS from the US.

          Never in our history has america had such a stupid president.

          U This user is from outside of this forum
          U This user is from outside of this forum
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          wrote on last edited by
          #232

          Wait, what?

          1 Reply Last reply
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          • D [email protected]

            Conveniently left Russia out. I wonder why.

            itisileclerk@lemmy.worldI This user is from outside of this forum
            itisileclerk@lemmy.worldI This user is from outside of this forum
            [email protected]
            wrote on last edited by
            #233

            They are rest of the World. How dissrespectfull.

            1 Reply Last reply
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            • B [email protected]

              Boycott the USA. Do not consume American products. Do not travel to the US. Cancel your subscriptions, find alternatives or pirate their software and media. Make Americans tourists feel unwelcome.

              itisileclerk@lemmy.worldI This user is from outside of this forum
              itisileclerk@lemmy.worldI This user is from outside of this forum
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              wrote on last edited by
              #234

              Make America go away!

              1 Reply Last reply
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              • R [email protected]

                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%

                L This user is from outside of this forum
                L This user is from outside of this forum
                [email protected]
                wrote on last edited by
                #235

                Ironically crashing the economy is one of the best things you can do to slow down climate change

                A C B T 4 Replies Last reply
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                • T [email protected]

                  The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.

                  ? Offline
                  ? Offline
                  Guest
                  wrote on last edited by
                  #236

                  The owners of the corporations own the govt. They are loyal to no company and no country. They can take their money anywhere, but so long as they are in the us they would prefer that the tax burden be shifted onto the people and off of them, with as few restrictions as possible on their own behavior.

                  The owners are still quite happy with trump. It's all of the littler con voters who are hopefully now reconsidering their vote.

                  T U 2 Replies Last reply
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                  • R [email protected]

                    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%

                    ? Offline
                    ? Offline
                    Guest
                    wrote on last edited by
                    #237

                    What a dumbass

                    1 Reply Last reply
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                    • P [email protected]

                      this is just going to fuck up the US economy rather than meaningfully affect any other country. you don't fucking produce anything worth a shit anymore.

                      P This user is from outside of this forum
                      P This user is from outside of this forum
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                      wrote on last edited by
                      #238

                      It will have an effect on other countries, but fuck up the US economy the worst. Other countries have the benefit of having 190+ other countries to do trade with. Over the next few years, they will increasingly go for alternatives to whatever they've previously traded with the US. Thanks to the stable genius, the US will permanently be left poorer, while other countries will soon have economic growth again.

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                      • lemmyoutofhere@lemmy.caL [email protected]

                        Last I saw, it was 360k.

                        K This user is from outside of this forum
                        K This user is from outside of this forum
                        [email protected]
                        wrote on last edited by
                        #239

                        I have to get bigger bootstraps.

                        1 Reply Last reply
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                        • D [email protected]

                          Why would I say that? The country is already dead.

                          C This user is from outside of this forum
                          C This user is from outside of this forum
                          [email protected]
                          wrote on last edited by
                          #240

                          "Death to America" is no longer a call to action; now it's just remarking on current events.

                          1 Reply Last reply
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                          • L [email protected]

                            I think you're reading too much into that.

                            They're either under "Rest of world" like the EU, or the US doesn't import anything from it, which as it's under sanctions, it shouldn't - nor export to.

                            whynotsquirrel@sh.itjust.worksW This user is from outside of this forum
                            whynotsquirrel@sh.itjust.worksW This user is from outside of this forum
                            [email protected]
                            wrote on last edited by
                            #241

                            Like the EU?

                            1 Reply Last reply
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                            • F [email protected]

                              US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.

                              A This user is from outside of this forum
                              A This user is from outside of this forum
                              [email protected]
                              wrote on last edited by
                              #242

                              It's 8D chess. By crashing the economy and the dollar he can then increase the price of gold and liquidate Ft Knox at the perfect time. Then he can replace the dollar with trumpcoin. Truly a genius and a patriot.

                              Is /s needed?

                              1 Reply Last reply
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                              • ? Guest

                                The owners of the corporations own the govt. They are loyal to no company and no country. They can take their money anywhere, but so long as they are in the us they would prefer that the tax burden be shifted onto the people and off of them, with as few restrictions as possible on their own behavior.

                                The owners are still quite happy with trump. It's all of the littler con voters who are hopefully now reconsidering their vote.

                                T This user is from outside of this forum
                                T This user is from outside of this forum
                                [email protected]
                                wrote on last edited by
                                #243

                                The corporate sponsors are only needed for elections. No elections, no sponsors...

                                1 Reply Last reply
                                0
                                • F [email protected]

                                  US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.

                                  I This user is from outside of this forum
                                  I This user is from outside of this forum
                                  [email protected]
                                  wrote on last edited by
                                  #244

                                  1.084USD per EUR yesterday moved to 1.097USD per EUR today.

                                  T 1 Reply Last reply
                                  0
                                  • F [email protected]

                                    Russia and North Korea.

                                    It's official. We are the baddies now.

                                    ripcord@lemmy.worldR This user is from outside of this forum
                                    ripcord@lemmy.worldR This user is from outside of this forum
                                    [email protected]
                                    wrote on last edited by
                                    #245

                                    If we can't buy anythibg from North Korea, what would be tariffed?

                                    ? 1 Reply Last reply
                                    0
                                    • 4 [email protected]

                                      As I understand it, that “rest of the world” is actually a base tariff, and the rest of these are ON TOP OF that.

                                      So China is actually 44%, etc

                                      ? Offline
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                                      Guest
                                      wrote on last edited by
                                      #246

                                      Who knows?
                                      I think they don't get it either.

                                      1 Reply Last reply
                                      0
                                      • L [email protected]

                                        Ironically crashing the economy is one of the best things you can do to slow down climate change

                                        A This user is from outside of this forum
                                        A This user is from outside of this forum
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                                        wrote on last edited by
                                        #247

                                        Trump will be remembered as the most influential US President.

                                        bzah@discuss.tchncs.deB ? I P 4 Replies Last reply
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                                        • L [email protected]

                                          I think you're reading too much into that.

                                          They're either under "Rest of world" like the EU, or the US doesn't import anything from it, which as it's under sanctions, it shouldn't - nor export to.

                                          A This user is from outside of this forum
                                          A This user is from outside of this forum
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                                          wrote on last edited by
                                          #248

                                          Read it some more, Russia is 10%.

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