Live updates: Trump announces sweeping tariffs
-
Figured out where these fake tariff rates come from that Trump is claiming. 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.
So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.
Copied from twitter from someone who’s suffering insomnia right now.
Figured out where these fake tariff rates come from that Trump is claiming. 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.
So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.
Source of these trade deficit numbers is in https://www.reddit.com/r/Thailand/s/TKZ68gLs6z
I checked and this does seem to fit for Switzerland.
Trade deficit of US to Switzerland: 38.5 B
Exports from Switzerland to US: 63.4 BRatio of the two: 61%
Half of that as "reciprocal" tariff: 31%
-
The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.
Nope they should have realised that even though they "own" this government, the president is communicating with a foreign server they don't own.
-
The glue eating rageaholic is doing the opposite of this. He's going to tarrif farming EXPORTS from the US.
Never in our history has america had such a stupid president.
Wait, what?
-
Conveniently left Russia out. I wonder why.
They are rest of the World. How dissrespectfull.
-
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.
Make America go away!
-
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%Ironically crashing the economy is one of the best things you can do to slow down climate change
-
The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.
The owners of the corporations own the govt. They are loyal to no company and no country. They can take their money anywhere, but so long as they are in the us they would prefer that the tax burden be shifted onto the people and off of them, with as few restrictions as possible on their own behavior.
The owners are still quite happy with trump. It's all of the littler con voters who are hopefully now reconsidering their vote.
-
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.
It will have an effect on other countries, but fuck up the US economy the worst. Other countries have the benefit of having 190+ other countries to do trade with. Over the next few years, they will increasingly go for alternatives to whatever they've previously traded with the US. Thanks to the stable genius, the US will permanently be left poorer, while other countries will soon have economic growth again.
-
Last I saw, it was 360k.
I have to get bigger bootstraps.
-
Why would I say that? The country is already dead.
"Death to America" is no longer a call to action; now it's just remarking on current events.
-
I think you're reading too much into that.
They're either under "Rest of world" like the EU, or the US doesn't import anything from it, which as it's under sanctions, it shouldn't - nor export to.
Like the EU?
-
US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.
It's 8D chess. By crashing the economy and the dollar he can then increase the price of gold and liquidate Ft Knox at the perfect time. Then he can replace the dollar with trumpcoin. Truly a genius and a patriot.
Is /s needed?
-
The owners of the corporations own the govt. They are loyal to no company and no country. They can take their money anywhere, but so long as they are in the us they would prefer that the tax burden be shifted onto the people and off of them, with as few restrictions as possible on their own behavior.
The owners are still quite happy with trump. It's all of the littler con voters who are hopefully now reconsidering their vote.
The corporate sponsors are only needed for elections. No elections, no sponsors...
-
US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.
1.084USD per EUR yesterday moved to 1.097USD per EUR today.
-
Russia and North Korea.
It's official. We are the baddies now.
If we can't buy anythibg from North Korea, what would be tariffed?
-
As I understand it, that “rest of the world” is actually a base tariff, and the rest of these are ON TOP OF that.
So China is actually 44%, etc
-
Ironically crashing the economy is one of the best things you can do to slow down climate change
Trump will be remembered as the most influential US President.
-
I think you're reading too much into that.
They're either under "Rest of world" like the EU, or the US doesn't import anything from it, which as it's under sanctions, it shouldn't - nor export to.
Read it some more, Russia is 10%.
-
Fuck Cambodia specifically. Trump probably got a bad VD from there at some point.
The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.
It's one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.
