Live updates: Trump announces sweeping tariffs
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Thanks for typing out the percentages, so far I've only seen emotional news reports about it without any detailed info.
Are these tariffs on ALL goods from a certain country? Eg, does 34% on China mean 34% on ALL Chinese goods or just certain ones like cars?
Well, one of two things will happen now.
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The US economy will recede by roughly 30% over the coming years (classified by economists as "catastrophic collapse")
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It will turn out that trade was "fake and gay" all along and autarky is the way to go, despite centuries of historic lessons to the contrary.
Take your pick.
american juche now!
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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.
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“our country has been looted, pillaged, raped, plundered”
by other nations selling their goods to us cheaply, and by them accepting our Dollars that cost us nothing to make for it!!
I don't think Trump understands the benefits and privileges for USA of having the top international reserve currency.
But maybe if he ruins it quick enough, he may find out?Play stupid games and win stupid prices.
Buying from other economies does two things. One, you have access to their expertise/efficiency.
Not everyone will have invested in the same industry.
Will miss out on cheap labour. Cheap resources.
Don't be dumb though, selling us USD for our products isn't just "printing paper". We use those USD (mostly we sell the debt to china) to buy USA companies. It's capitalism after all.
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People 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.
unable to reproduce this, sorry
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The act and tariffs imposed by U.S.'s trading partners in retaliation [for the Smoot-Hawley Tariff Act] were major factors in the reduction of American exports and imports by 67% during the Great Depression.
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Same. Got chickens, veg seeds, and I'm about to buy a bow for hunting my own meat. Fuck the US, time to crack out that survivalism I've been practicing.
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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%Fuck Cambodia specifically. Trump probably got a bad VD from there at some point.
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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.
I get where you're coming from, but the whole tourist thing . . . remember half of us fucking despise Trump and his merry band of fascist fuckwits.
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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%this is just going to fuck up the US economy rather than meaningfully affect any other country. you don't fucking produce anything worth a shit anymore.
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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%In 2020, I thought Covid might call the economy. You know, history repeats itself. But oh, was I wrong; it'll all be caused by a single fuckwit which deserves to be tortured.
Fuck anyone involved in making the world a worse place. I hope they all die in fucking agony.
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Fuck Cambodia specifically. Trump probably got a bad VD from there at some point.
Probably got a surprise when he went to grab a ladyboy by the pussy.
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Play stupid games and win stupid prices.
He is playing Vlad Putin 8D Chess, not Donald Trump 1D Checkers. This was all planned in 2013.
Introduction to the Kremlin media techniques of year 2014
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Peter Pomerantsev September 9, 2014: Russia and the Menace of Unreality. How Vladimir Putin is revolutionizing information warfare
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Adam Curtis, BBC, December 31, 2014: On The "Contradictory Vaudeville" Of Post-Modern Politics - "What this film is going to suggest is that that defeatist response has become a central part of a new system of political control. And to understand how this is happening, you have to look to Russia, to a man called Vladislav Surkov, who is a hero of our time. Surkov is one of President Putin's advisers, and has helped him maintain his power for 15 years, but he has done it in a very new way."
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Book reading from December 5, 2014 on the subject by Peter Pomerantsev
Own your president Trump. Even if your theory was true, and I won't qualify it, nothing of this could have been possible without a ruined education system and mindless propaganda. All of this starts way before 2013.
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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%Conveniently left Russia out. I wonder why.
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In 2020, I thought Covid might call the economy. You know, history repeats itself. But oh, was I wrong; it'll all be caused by a single fuckwit which deserves to be tortured.
Fuck anyone involved in making the world a worse place. I hope they all die in fucking agony.
Together, we can make that happen
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Conveniently left Russia out. I wonder why.
Russia and North Korea.
It's official. We are the baddies now.
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this is just going to fuck up the US economy rather than meaningfully affect any other country. you don't fucking produce anything worth a shit anymore.
He is gambling on the fact that Us economy can hold off longer than other countries and they’ll cave
It’s like two people holding their breath bad for both but neither wants to lose
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30% seems pretty generous. Nevermind the complete collapse of trade and alliances we built over the past century, won't countries stop using the us dollar as the backing reserve? Which will likely set america on an even further downward trend, especially since the dollar isn't on the gold standard anymore?
I hope Euro takes 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%US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.
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I don't know what the actual reasoning is but the 49% on Cambodia and Vietnam sounds an awful lot like how we still embargo Cuba like decades after failing to overthrow Castro.
Lots of good cheap building materials and cloth come from Vietnam. Trump publically thinks that by cutting off these it will bring the rust belt back. Absolute lunacy.
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I swear that if we could just all ignore him unless he does nice things, we'll make him stop. The tariffs are not his plan. That's someone else.pulling the strings. He just likes the attention. Giving a malignant narcissist any kind of supply is just going to make him worse.
Gray rock the shit out of him.
this would have worked in 2016, I doubt it would now. the oligarchs who put the administration in power want their pound of flesh, and they will get it regardless of whose name is in the daily headlines.
hundreds of thousands of federal workers have been fired, research and education slashed, unprecedented damage done to institutions and civil rights violations not seen in peacetime on a generation. no, I'm afraid ignoring Trump isn't going to solve anything.
the oligarchs must be stopped. one way or another.
