Live updates: Trump announces sweeping tariffs
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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.wrote 6 days ago last edited byDamn, I'd like to see the data on that.
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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.
wrote 6 days ago last edited byThe 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.
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Damn, I'd like to see the data on that.
wrote 6 days ago last edited by -
Smells like Smoot-Hawley up in this bitch.
wrote 6 days ago last edited bySick history reference.
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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.
wrote 6 days ago last edited byum, yeah. we heard you the first 5 times, why do you keep reposting the same comment over and over?
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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%wrote 6 days ago last edited byBoycott 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.
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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%wrote 6 days ago last edited byLike for brooms and shit?
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wrote 6 days ago last edited by
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?
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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.
wrote 6 days ago last edited byBut 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).
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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.
wrote 6 days ago last edited byLarge companies can also bully suppliers to force them to lower prices at their end
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They'll be reverted as soon as he gets some flattery and palm greasing from the right people.
wrote 6 days ago last edited byI can only hope so.
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Cambodia be like
wrote 6 days ago last edited byBreast milk prices are going to skyrocket.
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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).
wrote 6 days ago last edited byOk 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.
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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.
wrote 6 days ago last edited byDeal. 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.
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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?
wrote 6 days ago last edited bySemiconductors (and lots of other things) are excluded
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Semiconductors (and lots of other things) are excluded
wrote 6 days ago last edited bygot any legit sources to reference? legitimately curious. I need to know which harmonized codes are excluded.
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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.
wrote 6 days ago last edited byI 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?
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wrote 6 days ago last edited by
Once more the USA forgets about its biggest former colony
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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/
wrote 6 days ago last edited byPeople are saying if you ask ChatGPT the easiest way to do a global tariff based on trade deficits with a minimum of 10 percent - it spits out the exact same numbers.
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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%wrote 6 days ago last edited byThis is like watching the toughest guy in the prison who runs the biggest gang just start smashing his own head against the concrete floor