Live updates: Trump announces sweeping tariffs
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this would have worked in 2016, I doubt it would now. the oligarchs who put the administration in power want their pound of flesh, and they will get it regardless of whose name is in the daily headlines.
hundreds of thousands of federal workers have been fired, research and education slashed, unprecedented damage done to institutions and civil rights violations not seen in peacetime on a generation. no, I'm afraid ignoring Trump isn't going to solve anything.
the oligarchs must be stopped. one way or another.
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The architects of clowndom. Seriously reading this stuff makes me feel like I am losing brain cells at a rapid rate.
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"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).
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in addition to buy low, sell high... perhaps even more lucrative, the crash will be used as an excuse for another massive corporate bailout benefiting the wealthiest business owners and will accelerate the transfer of wealth from govt (taxpayers/poors) to private interests (oligarchs and bankers). this happened in 2008, during Covid PPP, and it will happen again.
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wealthy people are not a monolith. some, those with advance warning (insider advantage) will benefit while others lose out. this is not just about rich vs poor, it's also ultra rich vs ultra rich, cabals of powerful elites vying for control of global markets in the chaotic aftermath of global financial restructuring.
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The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.
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Trump has no idea how the economy works, his wealth is propped up by Russian oligarchs laundering money through his assets.
This move is almost certainly being directed to him through foreign agents the traitor has as advisors (though they consider themselves handlers) on behalf of Putin and other regimes hostile to the US who back door'd their way into the situation through his greed and lack of morality.
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I think you're reading too much into that.
They're either under "Rest of world" like the EU, or the US doesn't import anything from it, which as it's under sanctions, it shouldn't - nor export to.
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I checked and this does seem to fit for Switzerland.
Trade deficit of US to Switzerland: 38.5 B
Exports from Switzerland to US: 63.4 BRatio of the two: 61%
Half of that as "reciprocal" tariff: 31%
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Nope they should have realised that even though they "own" this government, the president is communicating with a foreign server they don't own.
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Wait, what?
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The owners of the corporations own the govt. They are loyal to no company and no country. They can take their money anywhere, but so long as they are in the us they would prefer that the tax burden be shifted onto the people and off of them, with as few restrictions as possible on their own behavior.
The owners are still quite happy with trump. It's all of the littler con voters who are hopefully now reconsidering their vote.
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It will have an effect on other countries, but fuck up the US economy the worst. Other countries have the benefit of having 190+ other countries to do trade with. Over the next few years, they will increasingly go for alternatives to whatever they've previously traded with the US. Thanks to the stable genius, the US will permanently be left poorer, while other countries will soon have economic growth again.
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I have to get bigger bootstraps.
