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% -
Do you understand that sanctions applied are prohibitions? You and the other downvoters... Why would you apply tariffs if you cant sell or buy? Brains people!
This comment implies that you can buy and sell with an uninhabited island...
You're not serious, right? This is a bit?
-
For what? If you cant trade why? Jizus fcking christ
"Following Trump's Rose Garden announcement, a White House official told NOTUS' Jasmine Wright that Russia is "not on this list because sanctions from the Ukraine war have already rendered trade between the two countries as zero.""
-
Doesn't the US already have full sanctions with Russia? So literally no trade is happening with them, so a tarrif would be pointless? Maybe I missed trump removing the sanctions at some point in his onslaught of nonsense.
-
For what? If you cant trade why? Jizus fcking christ
That's exactly what I'm asking you...
If the answer is "because sanctions" then explain why other countries that are sanctioned by the US still got hit with tariffs?
Russia is "not on this list because sanctions from the Ukraine war have already rendered trade between the two countries as zero.""
And yet the US imported over $3B from Russia just last year. Which is to say, the white house lied (again).
What countries with sanctions? In 2024 the transactions between us and Russia went down 2,481.4 Million dollars relative to 2023 when the war already had began. 526M in exports and 3000M in imports, maybe this data tells you what you need to know
-
Why does he think tariffs are equal to trade deficits?
Run headfirst into a brick wall a dozen times and then maybe you will start to understand
-
Trade IS happening with Russia. Only specific companies and industries are sanctioned, everything else is business as usual.
Sounds like I stand corrected.
-
What countries with sanctions? In 2024 the transactions between us and Russia went down 2,481.4 Million dollars relative to 2023 when the war already had began. 526M in exports and 3000M in imports, maybe this data tells you what you need to know
I don’t see how that is relevant to the question of, ‘if other sanctioned countries are being tariffed why is Russia not tariffed’ and ‘we still traded with tariffed countries including Russia so why is Russia treated different’.
I mean these questions are largely rhetorical, we know why. The fact that we buy less from Russia is first of all you moving the goal posts from assuming we didn’t trade with them, and second not related to why countries are tarrifed.
-
I honestly have no idea, maybe? Deficit isn't really debt though, it just means you bought more than you sold. The US isn't in debt to Cambodia any more than you're in debt with McDonald's. They just have a one way buy/sell relationship.
Absolutely, but if one has no idea what they are talking about, they might massive brain worms about the US debt and it being caused by our budget deficit. Then they look at all these other countries and learn about the 'deficit' we have with them and that's the same word, same thing, ezpz. Now you simple get a solid 50% debt to income ratio by dividing the two and cutting it in half, check mate economists.
-
How is any of this "hurting said corporations?"
Tariffs are a tax on the working class. Corporations will use this as an excuse to raise prices beyond how much their costs increase due to tariffs.
If a tariff causes a product to cost 5% more to bring to market, you'd better believe they're going to charge 20% more to the customer.
The ruling class always gets theirs. We can thank the useful idiots among us for why things never change.
Domestically, this is what will happen, but those corporations are also multinationals and get a large amount of money from doing business outside the US. What Trump is doing with the sort of threats he's making to US allies is causing their reputation to plummet abroad along with their revenue. This can only go so far before competitors from EU and China take their spot and they lose all international relevance. Additionally, the tariffs will put them at a disadvantage in the global market compared to corporations outside the US which is further contributing to their loss in revenue. So if Trump's main interest was in helping those corporations, I doubt he would be doing this.
-
I don’t see how that is relevant to the question of, ‘if other sanctioned countries are being tariffed why is Russia not tariffed’ and ‘we still traded with tariffed countries including Russia so why is Russia treated different’.
I mean these questions are largely rhetorical, we know why. The fact that we buy less from Russia is first of all you moving the goal posts from assuming we didn’t trade with them, and second not related to why countries are tarrifed.
You havent tell me a country, outside Russia, that is santionated too so its a tie ^^ Look, im not defending Trump or his administration, first of all im an European, second i couldnt care less about those tariffs because i think they will affect a lot more the Americans than the rest of world but it makes me sick people going mad over this when there is a lot of worst more problems to talk about, talking about this is going to the basic, its like talk to a simp (not your case, not insulting you or try to)
-
What countries with sanctions? In 2024 the transactions between us and Russia went down 2,481.4 Million dollars relative to 2023 when the war already had began. 526M in exports and 3000M in imports, maybe this data tells you what you need to know
Iran, Syria.
And what do you think "zero" means, exactly?
-
The only real reason I can think of
It's mercantillism, a well studied subject.
Maybe, but threatening your customers who are buying your exported goods doesn't seem like a good strategy, and US-based corporations already dominate in the US, so it's not like they're helping the US become more powerful unless they're preparing for WW3.
-
Pls 100% world wide tax.
I like to go straight to the "Find Out" phase.
(Remember, when the great depression happens, its our duty to eliminate nazis)
shit bruh, we could just start that process now and skip over the bread line bullshit.
-
nah, bruh. we need something else for them.
-
Lost my job this week at an engineering firm in green tech. Let it burn.
Shit, bruh. sorry. I may not be that far behind you.
-
Shit, bruh. sorry. I may not be that far behind you.
Surprisingly. I already have lined up some positive interviews. So it’s not entirely terrible if you need to look for work.
-
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.
I'm doing my part! More an intent to strengthen the EU, than specifically weaken the US. Cancelled all US tech subscriptions (not a small deal as a software dev). Cloud services all moved to Scaleway in France, AI migrated to Mistral, mail to Tuta, maps to Mapy.cz and more...
-
Wrong.
The best things you can do are invest in green energy and energy storage projects, create polices that cap (and actually punish) carbon emissions, upgrade to more efficient infrastructure... All things that take money, a functional government and a functional economy.
What we learned from COVID, is that crashing the economy does not really slow down climate change, it just hits the pause button for a little bit, and then it resumes at the same or greater speed.
Not wrong. But I will point out that this will funnel a lot more money to China, which has been investing much more heavily in greentech than the US has. So overall it could actually be a plus - for climate change at least.
-
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%I'm getting tariffed for sweeping now…
