The world reacts to Trump's sweeping tariffs: 'No basis in logic'
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No, they are backed by the economies of the issuing countries.
Gold standard is not viable in a modern economy.
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the "logic" is pretty much as you described it. Only, after charging yourself with the extra tax on Walmart purchases, you obviously can't afford Walmart any longer, so you learn to make your own soap with ash and the fats of animals that you have started breeding in your own flat.
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You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.
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No, I just saw another comment that found the "logic"(read whatever the inverse of that is). Apparently he thinks a trade deficit is a bad thing. So he is trying to "balance" them in the summer way possible, by enacting a traffic that inverses it. So Vietnam, we buy $9.7 mil of product from while selling ~$325.25 k to them. So he is enacting a 97% tariffs on imports from Vietnam.
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You're hired
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Thats still too long imo. Patents are 20 years, so should every IP protection.
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Naa, 9001% is too high. It's impossible. Better stick with 9000%.
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There are penguins!
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This is the only person I have seen say this so I can only guess no one is repeating it but it appears to be correct when I checked a few countries.
Its fucking insane to think Cambodia has a 97% tariff, and he thinks they are getting rich off of it.
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They're mostly [Trade deficit]/[Exports to US]
Which is a fucking stupid basis for tariffs.
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Of that I am not convinced. This will work with a lot of smaller countries that don't have much of a copyright portfolio, but not with Europe.
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no, “Sean” is not a country in ASEAN. That is incorrect.
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17% and they're already crying about it.
Ironically it's the closest the US has gotten to a BDS policy in its history with Israel.
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The depth of stupidity of this Administration will be studied by mathematicians for centuries as a new form of fractal.
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Have we forgotten that he has done this each month since he was Inaugurated?
Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.
The stock market will recover a bit, and the wealthy will make a fortune. In a month, he'll do it all over again.
It's deliberate market manipulation.
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It's possibly the most stupid basis for tariffs. The penalty is directly proportional to U.S. reliance on a country's imports. The countries that are the most important suppliers to the U.S. are penalized the most. It's a policy designed to cause maximum reshuffling of production, which maximizes the start-up costs of developing new factories and so on. And those factories are not going to be in the U.S. Import substitution industrialization is a failed policy and it won't work for reindustrialization either.
