Live updates: Trump announces sweeping tariffs

[catloaf@lemm.ee]

It's probably like his net worth, where "it goes up and down with the markets and with attitudes and with feelings", "even my own feelings, as to where the world is, where the world is going, and that can change rapidly from day to day".

https://money.cnn.com/2011/04/21/news/companies/donald_trump/index.htm

[evilcartyen@feddit.dk]

This is kind of hilarious in a dumb way. It's going to hit american consumers like a goddamn hammer, and will be rewarded with tariffs going the other way, and we'll all be poorer. Americans most of all.

If he keeps going like this you'll end up with stagflation - high inflation and a stagnating or recessive economy. That shit is hard to get out of, good luck.

[lemmyoutofhere@lemmy.ca]

Like playing ruzzian roulette with a full clip.

[Guest]

At least Brazil has tariffs large than that already. I doubt he will decrease them.

[hubi@feddit.org]

https://www.cbc.ca/news/politics/trump-tariffs-canada-1.7500316

[cosmicrookie@lemmy.world]

Mainly American people's lives.
He's basically making everything more expensive in USA that is not made in USA, but most things made in USA are dependent on imported parts, fertilizers, components, raw materials etc... This is going to be a mess to witness

[captainpedantic@lemmy.world]

No, it's half the tariff those countries place on American goods. Or so he claims. I have no idea where those numbers come from.

[cosmicrookie@lemmy.world]

This is going to be a bloody mess to witness from the outside. The US are shooting their own foot again and again with a bazooka and it is going to hurt the majority of its population

[wytch@lemmy.zip]

And we'll know exactly which countries bought him off

[Guest]

Well they'll also be paying it in reduced revenue lmao everyone loses

[warm@kbin.earth]

He doesn't understand what VAT is.

[Guest]

I wish TSMC would open a factory in Europe.

Not only would it be very advantageous for the EU, it would sting like hell for the US.

[Guest]

And our swiss right-wing populists thought Trump was better for the economy. 31% down their stupid throats

[mintyfresh@lemmy.world]

Y'all better start learning Chinese

[joekrogan@lemmy.world]

It was 10% as they have a 10% on the US.

[a_union_of_kobolds@lemmy.world]

Where were you when Needle drop

I was copper futures

Brother said "economy is kill"

I said "no"

[ragepaw@lemmy.ca]

Stop calling them reciprocal.

[maplebar@lemmy.world]

Why the fuck is our media so bad that they blindly accept Trump's bullshit line that the tariffs are "reciprocal"? Are they just stupid or have they been paid off? Do they not know the meaning of "reciprocal" or are they just too fucking lazy to question the White House's rhetoric even a little bit?

The state of the United States makes me sick. We're being robbed blind buy the oligarchy in broad daylight while the media gleefully amplifies the administrations lies.

[eezeebee@lemmy.ca]

That, or he might actually like Mark Carney. The entire tone seemed to change after they spoke.

[howru68@lemmy.world]

FYI , HERE is the most up to date list (including Turkye, Israel and some others)