Live updates: Trump announces sweeping tariffs
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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% -
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% -
With a balooning debt to gdp ratio, its gonna get unmanagable really fast , people are too stupid to elect another FDR and US' tech dominance gap will shrink or be outright gone.
Chinese millenia is coming if its not already here
Honestly, at this point, I think it's time to just call it a day on the very idea of the US as a single unified nation. The Constitution has been demonstrated, beyond a shadow of a doubt, to be utterly incapable of actually doing its job. It's a 200+ year old document written in a different age, by people who didn't have hundreds of examples of modern democracies to draw upon. It was a good attempt, but it's horribly obsolete at this point. And our institutions are equally not up to the task. And it was written by 13 states who each joined willingly. If you gave each state a chance to join the current US today, how many would actually do it?
We need to peacefully dissolve the whole thing. Dissolve the federal government; grant every state full independence. The states can then come together into whatever number of new nations they wish to form.
This clearly isn't working. Half the country has completely given up on the Constitution, and the other half thinks institutions and laws alone will magically fix the problem. We've crossed the Rubicon. Once a president is allowed to get away with this level of flagrant law breaking, once the courts have become this corrupted, once the system has become so sclerotic and fundamentally incapable of meeting the needs of the people? It's time to call it quits. There's no repairing a system like this. Even if free and fair elections happen, electing a Democrat in 2028 will not fix this problem. At best, we'll get 4 more years of useless waffling, and then another fascist will get elected in 2032.
The US is a couple that has reached an impasse of irreconcilable differences. The US had a good run, but at this point it's time to admit that it's run its course, and it is time to move on.
The US isn't even really a nation; it's more of an empire. There are vast regional differences in the country. The cultures and desired governments of the people in the different regions vary substantially. But because we're all locked together in this bloated dying husk of an empire, nobody is happy. There's a reason the oldest countries in the world tend to be smaller ones. Empires are held together by force, not by common culture and shared values. They tend to collapse under their own weight and contradictions eventually. And the US is no exception.
And we shouldn't mourn this. The US had a good run. It did some cool things and made some real advancements on the human story. But governments exist ultimately to serve the people. Can anyone really say with a straight face that the people of the US wouldn't be better served by breaking the US into a series of smaller, more manageable nations that better reflect the will of their people? Would all the nations that border the Mediterranean really be better off if they were still united in the Roman Empire? Would all of Latin America outside of Brazil be better off if it was all still New Spain? Would the people of Asia be happier if they were still united in some post-Mongol empire? I don't think so.
Sometimes you just need to let things die. It's time to put the United States out of its misery. We can do better.
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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%Lol, the bitch waited till the markets closed to announce it.
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And since we haven't moved the needle on the minimum wage in decades, people will be making those low-added value products at starvation wages.
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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.
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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% -
“our country has been looted, pillaged, raped, plundered”
by other nations selling their goods to us cheaply, and by them accepting our Dollars that cost us nothing to make for it!!
I don't think Trump understands the benefits and privileges for USA of having the top international reserve currency.
But maybe if he ruins it quick enough, he may find out?Play stupid games and win stupid prices.
Play stupid games and win stupid prices.
He is playing Vlad Putin 8D Chess, not Donald Trump 1D Checkers. This was all planned in 2013.
Introduction to the Kremlin media techniques of year 2014
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Peter Pomerantsev September 9, 2014: Russia and the Menace of Unreality. How Vladimir Putin is revolutionizing information warfare
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Adam Curtis, BBC, December 31, 2014: On The "Contradictory Vaudeville" Of Post-Modern Politics - "What this film is going to suggest is that that defeatist response has become a central part of a new system of political control. And to understand how this is happening, you have to look to Russia, to a man called Vladislav Surkov, who is a hero of our time. Surkov is one of President Putin's advisers, and has helped him maintain his power for 15 years, but he has done it in a very new way."
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Book reading from December 5, 2014 on the subject by Peter Pomerantsev
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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%Never mind the money. Think about this: Is the American lifestyle self-sustainable?
No? Why not?
Because they use more than they produce? Yes, and where do those things come from?
Imports? Yes.
Trump litteraly put a stop to the American lifestyle.
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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%Just saw a news item here in the Netherlands about a bourbon distillery in the US and the owner said that in the long term the tariffs will be good for his business. LOL these magats are delusional. I fucking hope he and his ilk become destitute. Sorry not sorry.
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Tarrifs are a Trump Tax on ordinary Americans so they can give tax breaks to billionaires.
Maybe Americans should consider not paying taxes in the first place.
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Well, at least I've got that, I guess
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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%Just trying to understand the Australian perspective on this. Maybe others can correct me.
He's using the term "reciprocal" as a way of saying certain practices are unfair.
For example, we refuse to import raw meat products because we don't have mad cow disease here.
We also don't have american style healthcare, so pharmaceuticals can't be advertised and are purchased exclusively through the federal government procurement scheme.
In response, he's applying a 10% tariff on any Imports from Australia. I assume this is in addition to the aluminium and iron ore tariffs but I'm not sure.
We have a federal election coming up so the opinions of both major parties are relevant. Our current progressive PM says it will hurt the US more than us, that we're not going to respond with tariffs on US products, and we do have legal recourse through our existing free trade agreement.
From here it's hard to see this as anything other than a huge self-own by the Trump Administration. We just don't export a lot of stuff to the US, our stock market has responded positively since the announcement. I would be absolutely gutted if the Australian government made any concessions what so ever, and I don't think I'm alone in that. We have our fair share of MAGA idiots down under, but even they are nationalists, with families. No one here has any interest in letting Trump fuck with our health care system just so Americans pay less in tariffs.
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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.
Are they just stupid or have they been paid off?
Neither one. they are in a cult. Donald Trump is entertaining / clickbait / meme leadership. The novelty of having a 78 year old man shit-talk on an Apple iPhone they can't resist. They have brain damage from it all.
“When a population becomes distracted by trivia, when cultural life is redefined as a perpetual round of entertainments, when serious public conversation becomes a form of baby-talk, when, in short, a people become an audience, and their public business a vaudeville act, then a nation finds itself at risk; culture-death is a clear possibility.”
― Neil Postman, Amusing Ourselves to Death: Public Discourse in the Age of Show Business, 1985 [email protected] -
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%After hour stock trading is a fucking slaughter right now. We might see the biggest drop in history tomorrow.
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The effects of widespread tariffs is well known.
You will lose industry that makes high added-value products, and increase the production of products with low added-value. (Most people call this "deindustrialization".)
Tariffs mostly don't impact the overall trade balance, so both will change in similar amounts.
Except, for example many Canadians, who are really fed up with being the kick ball for American Presidents (Trump has a lot of company when it comes to tariffs), who will do their best to not buy anything from the USA. I predict our trade deficit will go in the opposite direction that Trump hopes. The USA still needs to buy electricity, gas/oil, wood, and various other raw products from Canada. We don't have to buy finished goods from the USA since there are plenty of other countries to supply them. We really don't need to vacation there.
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It isn't quite that easy.
The US is a MASSIVE part of basically every luxury industry and isn't insignificant in many others. So while alternate trading partners can be found to handle stuff like lumber, plenty of industries are going to be hit real hard and not have alternative customers. And they aren't going to just want to lower their profits for national pride.
But yeah. I REALLY hope trump is just actively destroying the US either in the name of putin or just out of anger and spite over not winning in 2020. Because the alternative is that we are all going to suffer so fucking much because that piece of shit doesn't understand what tariffs are.
I REALLY hope trump is just actively destroying the US either in the name of putin
People won't discuss that this was all planned in a November 2013 Moscow meeting and announced one month later in December 2013... shortly before the February 2014 Ukraine invasion. https://lemmy.world/post/27627662/16165977
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I'd love to open the news one evening and not feel like we're another step closer to the apocalypse.
Honestly, fuck Trump. Where my Luigis at?
He missed.
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What is looking like more of an idiot than he already does going to accomplish? He's the most idiotic politician in living memory, by far, and there are some absolutely colossal morons on that list. The people who haven't figured that out are never going to. They will be praising him until the day they die.
What is looking like more of an idiot than he already does going to accomplish? He’s the most idiotic politician in living memory, by far, and there are some absolutely colossal morons on that list.
He is a Reality TV star. People can not resist mocking Donald Trump. Mocking isn't resisting, mockery is all part of the Kremlin media techniques. The more idiotic he and Elin Musk behaves, the more people rush to to their social machines and LOL. People can not resist his orange skin color, it makes skin color a constant topic (brown, black, white, orange, etc).
Introduction to the Kremlin media techniques of year 2014
-
Peter Pomerantsev September 9, 2014: Russia and the Menace of Unreality. How Vladimir Putin is revolutionizing information warfare
-
Adam Curtis, BBC, December 31, 2014: On The "Contradictory Vaudeville" Of Post-Modern Politics - "What this film is going to suggest is that that defeatist response has become a central part of a new system of political control. And to understand how this is happening, you have to look to Russia, to a man called Vladislav Surkov, who is a hero of our time. Surkov is one of President Putin's advisers, and has helped him maintain his power for 15 years, but he has done it in a very new way."
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Book reading from December 5, 2014 on the subject by Peter Pomerantsev
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Surprised I don't see Brasil (sp?) on there not surprised I don't see Hungary Turkiye Russia or Israel on there.
In English, Brazil.