Live updates: Trump announces sweeping tariffs
-
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%Been browsing the conservative subreddit this morning just to see what they all are thinking. There is a surprising number of "This is a terrible idea" comments but its also funny seeing a whole bunch of republicans who now suddenly like higher taxes, inflation and stock crashes.
-
We can apply tariffs to uninhabited islands but not Russia? Fuck off.
-
lol and I wonder why you had the idea and were inspired to play up the idea of "countries that start with R" after you just read two other comments doing the same thing.
https://www.youtube.com/watch?v=k1tsGGz-Qw0
This you?
(But this just an internet comment, ain't that deep, Mr. Peele
) -
In case anyones looking at this and asking question like "Why has Cambodia been dunked with 49% when they're clearly not a competitor to the US" or "Why is Trump claiming that the European Union has a 40% tariff on the US when the actual mean tariff on US goods into the EU is less than 5%", here's your answer to how these figures have been calculated.
- Take the US trade deficit with a given country (eg. China is $292bn)
- Take the total good imported by US (for China that's $439bn)
- Divide the first figure by the second! Why? Who knows! It's a number! Less talk more first grade arithmetic (if you're still following that gives us 67%)
- That gives us a random number which we'll pretend is that country's tariff of US goods even though it's completely unrelated in every way. We'll divide it by two to get the new tariff rate for imports from that country. Why? Honestly if you're still expecting there to be an answer to that question I'm wondering if you've been following. (that gives us 34%, well actually it gives us 33.5% but I'm not sure the Trump administration understands the idea of fractions so we'll just round it up from there)
The "reason" behind this is that Trump seems to think trade deficits are really bad, which is bad news for the US because it's had a trade deficit for the last 50 years. We'll ignore the fact that based on per capita GDP it's been the wealthiest country in the world for that time though.
Anyway, just to give every an idea of how completely, utterly unrelated to anything meaningful that figure is, let's take Cambodia. The country is very poor compared to the US so can't afford to buy anything that the US manufacters (Cambodians aren't driving round in Teslas or IMessaging each other). Some US companies use it for clothing manufacture because labour is cheap in Cambodia (see the previous bit about Cambodia being much poorer than the US). This means that Cambodia imports close to nothing from the US compared to what it exports, giving it a close to 100% trade deficit, so we wind up with a 49% tariff on Cambodia.
I genuinely don't understand the mindset that looks at the US's explotation of cheap labour in Cambodia and interprets the US as the victim in that relationship, but hey-ho maybe I'm just not biggly-smart enough to understand the 4d chess moves at play here. . .
Reference (because unfortunately none of what I said was made up and that geniunely is the calculation): https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists
-
As of now at 17:00 Rome time: 0.90 USD / 1.00 EUR. That is a really big drop
No, it's at 1.105$/ā¬.
You looked at ā¬/$ instead
-
https://www.youtube.com/watch?v=k1tsGGz-Qw0
This you?
(But this just an internet comment, ain't that deep, Mr. Peele
)yeah, guess it's just push back to reddit enshitification. Bots and losers steal comments, people upvote the laziest shit, it all becomes shit as you chuckle out the door. I think it was after seeing your profile and just thinking you're a comment stealing agenda-troll that encouraged me to call you out.
Thank you for reinforcing that it was a correct decision and I shouldn't just let people like you treat other people like shit then actively shit on them some more instead of apologizing or even having one ounce of humility as a human being. But please continue virtue signaling some more in your profile about how radical and righteous you are.
-
In case anyones looking at this and asking question like "Why has Cambodia been dunked with 49% when they're clearly not a competitor to the US" or "Why is Trump claiming that the European Union has a 40% tariff on the US when the actual mean tariff on US goods into the EU is less than 5%", here's your answer to how these figures have been calculated.
- Take the US trade deficit with a given country (eg. China is $292bn)
- Take the total good imported by US (for China that's $439bn)
- Divide the first figure by the second! Why? Who knows! It's a number! Less talk more first grade arithmetic (if you're still following that gives us 67%)
- That gives us a random number which we'll pretend is that country's tariff of US goods even though it's completely unrelated in every way. We'll divide it by two to get the new tariff rate for imports from that country. Why? Honestly if you're still expecting there to be an answer to that question I'm wondering if you've been following. (that gives us 34%, well actually it gives us 33.5% but I'm not sure the Trump administration understands the idea of fractions so we'll just round it up from there)
The "reason" behind this is that Trump seems to think trade deficits are really bad, which is bad news for the US because it's had a trade deficit for the last 50 years. We'll ignore the fact that based on per capita GDP it's been the wealthiest country in the world for that time though.
Anyway, just to give every an idea of how completely, utterly unrelated to anything meaningful that figure is, let's take Cambodia. The country is very poor compared to the US so can't afford to buy anything that the US manufacters (Cambodians aren't driving round in Teslas or IMessaging each other). Some US companies use it for clothing manufacture because labour is cheap in Cambodia (see the previous bit about Cambodia being much poorer than the US). This means that Cambodia imports close to nothing from the US compared to what it exports, giving it a close to 100% trade deficit, so we wind up with a 49% tariff on Cambodia.
I genuinely don't understand the mindset that looks at the US's explotation of cheap labour in Cambodia and interprets the US as the victim in that relationship, but hey-ho maybe I'm just not biggly-smart enough to understand the 4d chess moves at play here. . .
Reference (because unfortunately none of what I said was made up and that geniunely is the calculation): https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists
-
In case anyones looking at this and asking question like "Why has Cambodia been dunked with 49% when they're clearly not a competitor to the US" or "Why is Trump claiming that the European Union has a 40% tariff on the US when the actual mean tariff on US goods into the EU is less than 5%", here's your answer to how these figures have been calculated.
- Take the US trade deficit with a given country (eg. China is $292bn)
- Take the total good imported by US (for China that's $439bn)
- Divide the first figure by the second! Why? Who knows! It's a number! Less talk more first grade arithmetic (if you're still following that gives us 67%)
- That gives us a random number which we'll pretend is that country's tariff of US goods even though it's completely unrelated in every way. We'll divide it by two to get the new tariff rate for imports from that country. Why? Honestly if you're still expecting there to be an answer to that question I'm wondering if you've been following. (that gives us 34%, well actually it gives us 33.5% but I'm not sure the Trump administration understands the idea of fractions so we'll just round it up from there)
The "reason" behind this is that Trump seems to think trade deficits are really bad, which is bad news for the US because it's had a trade deficit for the last 50 years. We'll ignore the fact that based on per capita GDP it's been the wealthiest country in the world for that time though.
Anyway, just to give every an idea of how completely, utterly unrelated to anything meaningful that figure is, let's take Cambodia. The country is very poor compared to the US so can't afford to buy anything that the US manufacters (Cambodians aren't driving round in Teslas or IMessaging each other). Some US companies use it for clothing manufacture because labour is cheap in Cambodia (see the previous bit about Cambodia being much poorer than the US). This means that Cambodia imports close to nothing from the US compared to what it exports, giving it a close to 100% trade deficit, so we wind up with a 49% tariff on Cambodia.
I genuinely don't understand the mindset that looks at the US's explotation of cheap labour in Cambodia and interprets the US as the victim in that relationship, but hey-ho maybe I'm just not biggly-smart enough to understand the 4d chess moves at play here. . .
Reference (because unfortunately none of what I said was made up and that geniunely is the calculation): https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists
Putting on my best swiss cheese brain, maybe they are treating it 'like a business' and trying to do debt to income ratio? So our deficit is the debt then they look at tariffs on the imported goods as the income.
-
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%Trump announces "Things aren't expensive enough."
-
Iād 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
Children aren't the problem. it's adults who get their constant education of anonymous memes. The year 2007 introduction of the Apple iPhone changed everything about USA society. We had the Fox News Rupert Murdoch problem since 1996, but the shit memes people flock to and "shit postings" addiction are the learning / education / study problem.
Shitpostinh education is very predictable adult education outcome. Cal Sagan predicted in in 1995: āScience is more than a body of knowledge; it is a way of thinking. I have a foreboding (from 1995) of an America in my childrenās or grandchildrenās timeāwhen the United States is a service and information economy; when nearly all the key manufacturing industries have slipped away to other countries; when awesome technological powers are in the hands of a very few, and no one representing the public interest can even grasp the issues; when the people have lost the ability to set their own agendas or knowledgeably question those in authority; when, clutching our crystals and nervously consulting our horoscopes, our critical faculties in decline, unable to distinguish between what feels good and whatās true, we slide, almost without noticing, back into superstition and darkness. The dumbing down of America is most evident in the slow decay of substantive content in the enormously influential media, the 30-second sound bites (now down to 10 seconds or less), lowest common denominator programming, credulous presentations on pseudoscience and superstition, but especially a kind of celebration of ignorance. As I write, the number-one videocassette rental in America is the movie Dumb and Dumber. āBeavis and Buttheadā remain popular (and influential) with young TV viewers. The plain lesson is that study and learningānot just of science, but of anythingāare avoidable, even undesirable.ā
ā Carl Sagan, The Demon-Haunted World: Science as a Candle in the Dark, year 1995It's like the USA won the Cold War and found themselves with nowhere left to go, exhausted. The state became less relevant by the year as it was intended by their neoliberalism, and greed is always everywhere taking over as many spaces as possible, it's just its nature. But an ever disappearing government is just a milking cow, why it even exist if it's been taken by the greedy? In this scenario, instead of being hopeful about its mere existence, because it should be one way for the people to regain power, it is just another way to take more wealth from the people, and an instrument to control them.
My point was that Trump, Trump-Putin, are just a consequence. The USA government showed critical weaknesses and they are being exploited. At the same time, you point it out well, the government found weaknesses of society to exploit. Americans should exploit them too, usually it's done politically, but both of the American parties are basically the same (I know politically involved individuals do hate this statement, but from outside of the USA it's very clear); it's time for the people to regain power, and they will, this tariffs craze is gonna make them have to fight back.
-
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 weāre 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 donāt fucking care about new toyota prices in the us, I want to buy potatoes in poland. Fuck off with your recessions and bullshit economies.
and we all know now who is to blame.
Central banks?
-
"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).
It's not the corporations, it's the billionaires that run them. Every time Trump does something that makes the stock market drop, they get richer by scooping up more for less. Than sell them when Trump says "Just kidding" and the stock market rises again.
Not to mention that all of their companies get to raise prices and blame "tariffs" in order to increase their profit margin.
It's the entire reason they paid to get him into the white house.
-
I'll take that pledge without even visiting your country! Then again when I do!
Seriously though, this regime is terrible and some of us are protesting every opportunity we can get. I'll be the first to admit America has deeply rooted problems but some of us are trying to fix it and would like to not be treated like shit for the actions of the magats
Admitting your country has problems is "woke", though. /s
-
This is really not true. The wealthy aren't playing 4D chess with the economy, they are just as short-sighted behind closed doors. The Great Depression fucked a lot of wealthy people up and turned the entire nation against them. It can happen again.
-
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.
Not sure about that part.
-
And the other countries that have sanctions but still got tariffs?
-
Been browsing the conservative subreddit this morning just to see what they all are thinking. There is a surprising number of "This is a terrible idea" comments but its also funny seeing a whole bunch of republicans who now suddenly like higher taxes, inflation and stock crashes.
In essence this policy primarily imposes taxes on businesses, severily reduced the wealth of the billionaires, properties this forum often applauds. Funny how suddenly it's not liked.
US politics really is like picking a favourite sports team
-
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% -
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%Me, checking what the damage is: oh good, my European defence stocks went up 2 to 4 percent today while the American stocks are tanking, happy days!
Me, after thinking on it a bit longer: oh God, my European defence stocks went up while the world economy is taking a hit, better get ready for whatever's coming
