Live updates: Trump announces sweeping tariffs
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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.
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Trump will be remembered as the most influential US President.
Imagine people in 2150 praising the visionary and benevolent president Trump who courageously lead our world to the only possible path in order to save the environment:
"He fooled them all with his "drill baby drill" and they fell for it, they elected him. Of course some were suspicious that something was off, but he had a grand plan for nature to finally be restored..."I would love to read this fiction, because reality is quite sad at the moment.
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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.
I'd argue it started with Bush and his No Child Left Behind bullshit. It forced a certain curriculum to leave out common sense and critical thinking skills
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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
Cave about what though?
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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.
Yeah remember that the billionaires got richer during the economic cooling caused by covid
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Trump will be remembered as the most influential US President.
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If we can't buy anythibg from North Korea, what would be tariffed?
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Cave about what though?
Tariffs. Donald wants other countries to have less tariffs on American products
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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%GlObAL ReCESSioN
Cant they fucking stop threatening us like we’re in some sick fucking prison? Life has been getting more expensive worldwide for a decade and we all know now who is to blame.
I don’t fucking care about new toyota prices in the us, I want to buy potatoes in poland. Fuck off with your recessions and bullshit economies.
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Trump will be remembered as the most influential US President.
Sort of like Sulla or Caesar, but without the talent?
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Tariffs. Donald wants other countries to have less tariffs on American products
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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%
