Live updates: Trump announces sweeping tariffs

[skunkworkz@lemmy.world]

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.

[bstix@feddit.dk]

Maybe Americans should consider not paying taxes in the first place.

[spacenoodle@lemmy.world]

Well, at least I've got that, I guess

[null_dot@lemmy.dbzer0.com]

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.

[Guest]

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]

[transplantedsconie@lemm.ee]

After hour stock trading is a fucking slaughter right now. We might see the biggest drop in history tomorrow.

[Guest]

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.

[Guest]

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

[samus12345@lemm.ee]

He missed.

[Guest]

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

1. Peter Pomerantsev September 9, 2014: Russia and the Menace of Unreality. How Vladimir Putin is revolutionizing information warfare

2. 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."

3. Book reading from December 5, 2014 on the subject by Peter Pomerantsev

[catloaf@lemm.ee]

In English, Brazil.

[sl00k@programming.dev]

China: 34%

Added note that this is cumulative so it's 54% total. Confirmed by Press secretary earlier.

[youcancallmedragon@lemmy.world]

Taxes on citizens have always been used to run the government those citizens live under. Doesn’t matter if it’s base on income or something else.

The only way to make other countries pay for your government to operate is to invade them and steal all of their resources… like Hitler did.

It’s really not worth trying to make sense of anything this guy says. He is the definition of a bullshitter.

[Guest]

AFAIK, most low added-value products the US net exports are food. Also AFAIK, Canada mostly doesn't buy those, but the countries that do buy them won't just stop.

[sl00k@programming.dev]

Holy shit the post-market drops for SPY and QQQ are insane. I haven't seen a post/pre market move this sharp since Covid

[aesthelete@lemmy.world]

Why would someone run a business exporting goods into a country if they couldn't charge more than the cost of duties, labor, and materials for the goods?

[ambiguousprops@lemmy.today]

I doubt that, to be honest. The supplies to make the items will also go up in price, and the US simply doesn't have the industrial power and cheap labor that other countries have to make them. GOP voters think that somehow it'll make things cheaper (which actually would be a bad thing, deflation isn't a good sign for the economy), but the price of everything is about to skyrocket.

That's not to mention that the few suppliers that are 100% US based would just crank up their prices anyway, because they can.

[Guest]

I don't even have to click on that to know that Russia is not listed.

[Guest]

Yes, but when things are expensive people buy them less and corporations make less money

[gdog05@lemmy.world]

It doesn't necessarily give them more money as the tariffs regulate what we're required to pay a supplier for a good. There's not like a government fund it goes to or anything (unless my understanding is wrong). But not buying US products outside and inside the states is basically accelerationism on the economy. Which will hopefully wake people up so we can take this shit back for the people (and not just destroy all civilization which is what recent accelerationism has been about). The faster people rise up the less we have to rebuild, hopefully.