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  3. Live updates: Trump announces sweeping tariffs

Live updates: Trump announces sweeping tariffs

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  • J [email protected]

    I think it's important to note that this will kill a great many small businesses.

    Larger companies have a larger supply in giant warehouses. Small businesses order smaller quantities more often. They get fucked sooner with the costs going up. If a customer wants to support that small business they sometimes would have to pay twice what they could get it for from a larger company. This is a deep consolidation of wealth.

    P This user is from outside of this forum
    P This user is from outside of this forum
    [email protected]
    wrote on last edited by
    #144

    The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

    All is going according to plan.

    B 1 Reply Last reply
    0
    • C [email protected]

      So is the plan to drive the cost of everyday essentials so high that virtually everyone bankrupts and the billionaires buy all of our assets for pennies on the thousand dollars? That is all I can come up with trying to make a scenario where this has some coherent objective.

      P This user is from outside of this forum
      P This user is from outside of this forum
      [email protected]
      wrote on last edited by
      #145

      The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

      All is going according to plan.

      1 Reply Last reply
      0
      • T [email protected]

        A lot of people’s lives are about to get more expensive… again.

        <butterfly meme> Is this winning?

        P This user is from outside of this forum
        P This user is from outside of this forum
        [email protected]
        wrote on last edited by
        #146

        The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

        All is going according to plan.

        A 1 Reply Last reply
        0
        • 467265654c75696769@sh.itjust.works4 [email protected]

          The following quote from ChrisO_wiki on bsky

          "@chriso-wiki.bsky.social
          Just figured out where these fake tariff rates come from. 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." Just about sums it up.

          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
          #147

          Damn, I'd like to see the data on that.

          467265654c75696769@sh.itjust.works4 1 Reply Last reply
          0
          • N [email protected]

            I mean, this will suck in rhe short term, but these companies will exit the U.S. market if it gets to be uneconomical, and we'll be fucked, not them. Trump's I Am sO sMaRt comments all the time will make him look like an even bigger idiot than he already does.

            If we actually want manufacturing in the U.S., give companies incentives to do business here. This is the opposite of incentives.

            P This user is from outside of this forum
            P This user is from outside of this forum
            [email protected]
            wrote on last edited by
            #148

            The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

            All is going according to plan.

            1 Reply Last reply
            0
            • T [email protected]

              Damn, I'd like to see the data on that.

              467265654c75696769@sh.itjust.works4 This user is from outside of this forum
              467265654c75696769@sh.itjust.works4 This user is from outside of this forum
              [email protected]
              wrote on last edited by
              #149

              Start here https://www.wto.org/english/res_e/statis_e/statis_e.htm

              1 Reply Last reply
              0
              • buelldozer@lemmy.todayB [email protected]

                Smells like Smoot-Hawley up in this bitch.

                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
                #150

                Sick history reference.

                1 Reply Last reply
                0
                • P [email protected]

                  The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

                  All is going according to plan.

                  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
                  #151

                  um, yeah. we heard you the first 5 times, why do you keep reposting the same comment over and over?

                  1 Reply Last reply
                  0
                  • 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%

                    B This user is from outside of this forum
                    B This user is from outside of this forum
                    [email protected]
                    wrote on last edited by
                    #152

                    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.

                    goldmage263@sh.itjust.worksG I P itisileclerk@lemmy.worldI V 6 Replies Last reply
                    0
                    • 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%

                      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
                      #153

                      Like for brooms and shit?

                      1 Reply Last reply
                      0
                      • ? Guest

                        Huh, Malaysia and Indonesia are also there

                        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
                        #154

                        From an electrical engineering perspective H O S E D. Historically, “Oh you want to manufacture something cheaply but can’t due to IP issues or CCP conflicts of interests? Why not Malaysia, Vietnam or the Philippines?”

                        People got to realize this is gonna jack up the supply chain so hard. Texas Instruments an IC manufacturer produces some stuff in texas. If my production is in Malaysia then surprise! Tariff to send components to Malaysia. But wait, programming, testing, packaging, and inventory of the boards is in the USA. So the PCBA is surprise surprise Tariff again. Now that the board is considered finished and ready to be sold, it turns out your customer is in china or anywhere else in the world…. So tariff. These Tariffs compound. The business isn’t going to foot the bill so its gonna get pushed to customers.

                        I am really curious how the TSMC foundry in AZ is gonna work out. They can produce the wafers but packaging is done still in Taiwan. So tariff to Taiwan , tariff again back to the USA, and the tariff again because its an advanced electronic component?

                        B 1 Reply Last reply
                        0
                        • 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.

                          goldmage263@sh.itjust.worksG This user is from outside of this forum
                          goldmage263@sh.itjust.worksG This user is from outside of this forum
                          [email protected]
                          wrote on last edited by
                          #155

                          But like, could I come visit if I need to seek asylum? That would be different than tourism, right? I'm not really happy or comfortable with the situation here, nor have my efforts been able to change other people's views (e.g. make them think about consequences).

                          B wanpieserino@lemm.eeW 2 Replies Last reply
                          0
                          • J [email protected]

                            I think it's important to note that this will kill a great many small businesses.

                            Larger companies have a larger supply in giant warehouses. Small businesses order smaller quantities more often. They get fucked sooner with the costs going up. If a customer wants to support that small business they sometimes would have to pay twice what they could get it for from a larger company. This is a deep consolidation of wealth.

                            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
                            #156

                            Large companies can also bully suppliers to force them to lower prices at their end

                            1 Reply Last reply
                            0
                            • shellmonkey@lemmy.socdojo.comS [email protected]

                              They'll be reverted as soon as he gets some flattery and palm greasing from the right people.

                              ? Offline
                              ? Offline
                              Guest
                              wrote on last edited by
                              #157

                              I can only hope so.

                              1 Reply Last reply
                              0
                              • C [email protected]

                                Cambodia be like

                                tacosanonymous@lemm.eeT This user is from outside of this forum
                                tacosanonymous@lemm.eeT This user is from outside of this forum
                                [email protected]
                                wrote on last edited by
                                #158

                                Breast milk prices are going to skyrocket.

                                1 Reply Last reply
                                0
                                • goldmage263@sh.itjust.worksG [email protected]

                                  But like, could I come visit if I need to seek asylum? That would be different than tourism, right? I'm not really happy or comfortable with the situation here, nor have my efforts been able to change other people's views (e.g. make them think about consequences).

                                  B This user is from outside of this forum
                                  B This user is from outside of this forum
                                  [email protected]
                                  wrote on last edited by
                                  #159

                                  Ok to be fair… You may come as long as you’re a queer / trans baddie or if your name is Luigi, or take the “death to America” pledge. 😌

                                  goldmage263@sh.itjust.worksG D D 3 Replies Last reply
                                  0
                                  • B [email protected]

                                    Ok to be fair… You may come as long as you’re a queer / trans baddie or if your name is Luigi, or take the “death to America” pledge. 😌

                                    goldmage263@sh.itjust.worksG This user is from outside of this forum
                                    goldmage263@sh.itjust.worksG This user is from outside of this forum
                                    [email protected]
                                    wrote on last edited by
                                    #160

                                    Deal. I stopped pledging "allegiance to the flag" over a decade ago when I realized this wasn't a nation with "liberty and justice for all". I'll also bring some trans baddie friends with me.

                                    1 Reply Last reply
                                    0
                                    • T [email protected]

                                      From an electrical engineering perspective H O S E D. Historically, “Oh you want to manufacture something cheaply but can’t due to IP issues or CCP conflicts of interests? Why not Malaysia, Vietnam or the Philippines?”

                                      People got to realize this is gonna jack up the supply chain so hard. Texas Instruments an IC manufacturer produces some stuff in texas. If my production is in Malaysia then surprise! Tariff to send components to Malaysia. But wait, programming, testing, packaging, and inventory of the boards is in the USA. So the PCBA is surprise surprise Tariff again. Now that the board is considered finished and ready to be sold, it turns out your customer is in china or anywhere else in the world…. So tariff. These Tariffs compound. The business isn’t going to foot the bill so its gonna get pushed to customers.

                                      I am really curious how the TSMC foundry in AZ is gonna work out. They can produce the wafers but packaging is done still in Taiwan. So tariff to Taiwan , tariff again back to the USA, and the tariff again because its an advanced electronic component?

                                      B This user is from outside of this forum
                                      B This user is from outside of this forum
                                      [email protected]
                                      wrote on last edited by
                                      #161

                                      Semiconductors (and lots of other things) are excluded

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

                                        Semiconductors (and lots of other things) are excluded

                                        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
                                        #162

                                        got any legit sources to reference? legitimately curious. I need to know which harmonized codes are excluded.

                                        B 1 Reply Last reply
                                        0
                                        • transplantedsconie@lemm.eeT [email protected]

                                          Imagine he's golfing and a fucking engine block of a 1982 Buick Regal comes sailing through the air from 200 meters.

                                          One can only dream.

                                          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
                                          #163

                                          I love this idea, make it so fast that it just rolls right over his fat ass, but just enough to put him at deaths doorstep. 15 mins until total death. Put a report next to him. What does he say?

                                          transplantedsconie@lemm.eeT 1 Reply Last reply
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