Live updates: Trump announces sweeping tariffs
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and we all know now who is to blame.
Central banks?
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It's not the corporations, it's the billionaires that run them. Every time Trump does something that makes the stock market drop, they get richer by scooping up more for less. Than sell them when Trump says "Just kidding" and the stock market rises again.
Not to mention that all of their companies get to raise prices and blame "tariffs" in order to increase their profit margin.
It's the entire reason they paid to get him into the white house.
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Admitting your country has problems is "woke", though. /s
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Not sure about that part.
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And the other countries that have sanctions but still got tariffs?
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In essence this policy primarily imposes taxes on businesses, severily reduced the wealth of the billionaires, properties this forum often applauds. Funny how suddenly it's not liked.
US politics really is like picking a favourite sports team
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Me, checking what the damage is: oh good, my European defence stocks went up 2 to 4 percent today while the American stocks are tanking, happy days!
Me, after thinking on it a bit longer: oh God, my European defence stocks went up while the world economy is taking a hit, better get ready for whatever's coming
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Because we all know these good-natured corporations will bear the brunt of this in order to keep prices the same for US consumers.
Actually, aren’t you forgetting that Trump said the foreign countries will be the ones paying these tariffs? Take care not to step out of line with the regime.
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No! Your football team bad, mine good!
Haha I play soccer not football.
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Oh no. We produce stuff. The best weapons for killing people are made here.
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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.
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Why does he think tariffs are equal to trade deficits?
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Go Grey Socks!
Seriously though, this probably won't affect billionaires because companies like Nike can move most of their operations overseas and avoid paying tariffs during their manufacturing process, and then just pass the cost of to US consumers when they sell to that market.
Even worse, when Trump put tariffs on washing machines (which Biden kept in place) one effect was that US made washing machines (not paying tariffs) jacked up their prices for US consumers simply because there was less competition.
It truly is a sucky world for non-billinaires.
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Wait so if the admin is in favor of reciprocal tariffs does that mean they are asking other countries to raise tariffs against the US?
I'm gonna check this newly needed wiki page:
https://en.wikipedia.org/wiki/Tariffs_in_the_second_Trump_administration#Reciprocal_tariffs -
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.""
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That's a really good explanation, there's no realistic way to make your money back from McDonald's
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Oh shit youre right. Good catch. I'm an american living in Europe but my clients pay me in dollars. Sucky times ahead
