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  3. Live updates: Trump announces sweeping tariffs

Live updates: Trump announces sweeping tariffs

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  • W [email protected]

    Honestly, at this point, I think it's time to just call it a day on the very idea of the US as a single unified nation. The Constitution has been demonstrated, beyond a shadow of a doubt, to be utterly incapable of actually doing its job. It's a 200+ year old document written in a different age, by people who didn't have hundreds of examples of modern democracies to draw upon. It was a good attempt, but it's horribly obsolete at this point. And our institutions are equally not up to the task. And it was written by 13 states who each joined willingly. If you gave each state a chance to join the current US today, how many would actually do it?

    We need to peacefully dissolve the whole thing. Dissolve the federal government; grant every state full independence. The states can then come together into whatever number of new nations they wish to form.

    This clearly isn't working. Half the country has completely given up on the Constitution, and the other half thinks institutions and laws alone will magically fix the problem. We've crossed the Rubicon. Once a president is allowed to get away with this level of flagrant law breaking, once the courts have become this corrupted, once the system has become so sclerotic and fundamentally incapable of meeting the needs of the people? It's time to call it quits. There's no repairing a system like this. Even if free and fair elections happen, electing a Democrat in 2028 will not fix this problem. At best, we'll get 4 more years of useless waffling, and then another fascist will get elected in 2032.

    The US is a couple that has reached an impasse of irreconcilable differences. The US had a good run, but at this point it's time to admit that it's run its course, and it is time to move on.

    The US isn't even really a nation; it's more of an empire. There are vast regional differences in the country. The cultures and desired governments of the people in the different regions vary substantially. But because we're all locked together in this bloated dying husk of an empire, nobody is happy. There's a reason the oldest countries in the world tend to be smaller ones. Empires are held together by force, not by common culture and shared values. They tend to collapse under their own weight and contradictions eventually. And the US is no exception.

    And we shouldn't mourn this. The US had a good run. It did some cool things and made some real advancements on the human story. But governments exist ultimately to serve the people. Can anyone really say with a straight face that the people of the US wouldn't be better served by breaking the US into a series of smaller, more manageable nations that better reflect the will of their people? Would all the nations that border the Mediterranean really be better off if they were still united in the Roman Empire? Would all of Latin America outside of Brazil be better off if it was all still New Spain? Would the people of Asia be happier if they were still united in some post-Mongol empire? I don't think so.

    Sometimes you just need to let things die. It's time to put the United States out of its misery. We can do better.

    G This user is from outside of this forum
    G This user is from outside of this forum
    [email protected]
    wrote on last edited by
    #127

    Who gets to keep the nukes?

    W 1 Reply Last reply
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    • S [email protected]

      Holy shit the post-market drops for SPY and QQQ are insane. I haven't seen a post/pre market move this sharp since Covid

      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
      #128

      They’ll try to spin it in tomorrows finance news, so it may be sharp but not as sharp as it should be.

      1 Reply Last reply
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      • 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.

        D This user is from outside of this forum
        D This user is from outside of this forum
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        wrote on last edited by
        #129

        A poor America, with no friends in the world suits Vlad Pootang very well. It will be like the world has 2 Russia's....

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        • B [email protected]

          Did he wait until late afternoon Apr 2nd?

          He failed to do it "the day l'm elected."

          He failed to do it the day he was sworn in.

          He failed to do it, like 5 times from Jan - Mar.

          He failed to do it Apr 1.

          He failed to do business during business hours Apr 2nd.

          This little baby just keeps failing and hiding.

          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
          #130

          But....he's still racist right? Because that's all I care about. Making sure it's still okay to be racist.

          1 Reply Last reply
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          • C [email protected]

            Cambodia be like

            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
            #131

            1 Reply Last reply
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            • L [email protected]

              If Trump would be killed by a medieval seige weapon, then I will believe in god again.

              transplantedsconie@lemm.eeT This user is from outside of this forum
              transplantedsconie@lemm.eeT This user is from outside of this forum
              [email protected]
              wrote on last edited by
              #132

              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 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%

                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
                #133

                This gold from wallstreetbets:

                Soooo is the tariffs charged to the United States really a ratio of the trade imbalance?? For example Vietnam imported roughly 14.6 billion in goods from the United States, and we imported around 146 billion, so thus they have decided tariffs are 90% to the United States…thus we are putting a tariff on them of half of that…which means we are literally tariffing the goods we either a)need more or b) get more efficiently at a higher rate?
                That may be the absolute dumbest way to create a tariff policy I could imagine if that is the case…which it looks to be.

                https://old.reddit.com/r/wallstreetbets/comments/1jpzhje/tariff_chart_released/ml476s7/

                K 1 Reply Last reply
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                • G [email protected]

                  Lmfao buckle up for the second Great Depression, everyone! It’ll be fun! ᕕ( ᐛ )ᕗ

                  transplantedsconie@lemm.eeT This user is from outside of this forum
                  transplantedsconie@lemm.eeT This user is from outside of this forum
                  [email protected]
                  wrote on last edited by
                  #134

                  With hundreds of millions of high powered weapons floating around?

                  You bet!! ᕕ(ᐛ)ᕗ

                  1 Reply Last reply
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                  • S [email protected]

                    Talk about no brains.

                    theneverfox@pawb.socialT This user is from outside of this forum
                    theneverfox@pawb.socialT This user is from outside of this forum
                    [email protected]
                    wrote on last edited by
                    #135

                    Nah, that ship has sailed. They'll never cut diplomatic ties, because why would they?

                    They've already decided they need to come together to live in a world without the US... They're already making trade deals and new defense pacts, they're already planning around us

                    1 Reply Last reply
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                    • eezeebee@lemmy.caE [email protected]

                      That, or he might actually like Mark Carney. The entire tone seemed to change after they spoke.

                      O This user is from outside of this forum
                      O This user is from outside of this forum
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                      wrote on last edited by
                      #136

                      He saw how much support Poilievre lost after he praised him, so now Mr Big Brain is trying reverse psychology.

                      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%

                        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
                        #137

                        Sweeping tariffs? Shit, I need a new broom

                        1 Reply Last reply
                        0
                        • G [email protected]

                          Who gets to keep the nukes?

                          W This user is from outside of this forum
                          W This user is from outside of this forum
                          [email protected]
                          wrote on last edited by
                          #138

                          This and a hundred other issues would be settled in the process of negotiating the breakup. Odds are only a handful of states would want them, as only a handful would have the economic base to support their upkeep. Nukes are expensive as hell to build and maintain. New York, California, Texas, etc. Like any divorce, you have to negotiate and find a way of dividing communal property.

                          1 Reply Last reply
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                          • 1 [email protected]

                            He wants to use tariffs (which act like a flat-tax) to lower income tax on the rich. There's speculation he's also doing something like the "Mar-a-Lago Accord," which involves devaluing the dollar (causing inflation). If wages don't rise with the inflation (which they don't want), US labor will be more competitive, so people can work in factory jobs with pay analogous to current Chinese factory workers.

                            T This user is from outside of this forum
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                            wrote on last edited by
                            #139

                            Project 2025 says he wants to have tariffs removed against the US. Assuming he's really following it.

                            I 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.

                              A This user is from outside of this forum
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                              wrote on last edited by
                              #140

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

                              Like the CHIPS act? The EV and related items? Infrastructure? High speed rail (most of which has a made in us requirement)? What happened to those again?

                              N 1 Reply Last reply
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                              • A [email protected]

                                That's one of the stupidest things I've ever read.

                                S This user is from outside of this forum
                                S This user is from outside of this forum
                                [email protected]
                                wrote on last edited by
                                #141

                                That’s probably why you’re not the president.

                                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%

                                  ? Offline
                                  ? Offline
                                  Guest
                                  wrote on last edited by
                                  #142

                                  Huh, Malaysia and Indonesia are also there

                                  T match@pawb.socialM 2 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%

                                    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
                                    #143

                                    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 S 3 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.

                                      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
                                      #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
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