Live updates: Trump announces sweeping tariffs
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I have to get bigger bootstraps.
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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?
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US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.
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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...
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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.
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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?
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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
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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.
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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%.
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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.
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China and Vietnam are producing a lot of the low cost every day items people use. It's going to hit the lower income people the hardest. Thank goodness I'm in Canada.
Shit might hit the fan harder and faster in USA, but don't be fooled: Canada and every other country in the world will be gravely affected: less trade, prices inflate, some goods become hard to find at all at any price, etc. US $ after all is the big reserve currency and all international trade was de facto protected by US military hegemony. Probably countries like North Korea or Iran will see least influence from all this.. It's insane to watch this happening. Their main goal really just seems to be to create chaos. And from chaos... rises whatever authoritarian state they want to create after declaring some state of emergency shit and after the superwealthy gobbled up all the failing companies at bargain prices. It's like they're organising a reenactment of the "shock therapy" that crashed the Russian economy on a speedrun after the soviet union fell apart.
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bamboozle them with bullshit
Imma just post this video here: https://youtu.be/5RpPTRcz1no
What the current administration is doing tracks with this video fairly accurately. Basically, "Network States" are what they want. It's basically what exists in Honduras right now in the form of "Prospera, which is a network state that operates in that country.
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Trump has no idea how the economy works, his wealth is propped up by Russian oligarchs laundering money through his assets.
This move is almost certainly being directed to him through foreign agents the traitor has as advisors (though they consider themselves handlers) on behalf of Putin and other regimes hostile to the US who back door'd their way into the situation through his greed and lack of morality.
Also intentionally crashing the economy to hurt political enemies and cause civil unrest. Techo-fascist corporate cities and Gilead don’t need a Dow Jones index.
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Russia and North Korea.
It's official. We are the baddies now.
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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.
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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.
Reminder that after setting the political stage for the Khmer Rouge to take power with the carpet-bombing of Cambodia, the US Government continued to recognize Pol Pot as its rightful ruler all the way through to the early 1990s, simply because the actual Cambodian government of the 80s was installed with Vietnam's help.
The USA seems to be on an never-ending quest to fuck Indochina over for no fucking reason.
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"The corporations own the government" made sense for a while, but Trump has done enough to hurt said corporations lately that I'm actually starting to question that idea (it's definitely true for the majority of Democrats though).
The only real reason I can think of
It's mercantillism, a well studied subject.
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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% -
Ironically crashing the economy is one of the best things you can do to slow down climate change
Lost my job this week at an engineering firm in green tech. Let it burn.
