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  3. Live updates: Trump announces sweeping tariffs

Live updates: Trump announces sweeping tariffs

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  • ? Guest

    I swear that if we could just all ignore him unless he does nice things, we'll make him stop. The tariffs are not his plan. That's someone else.pulling the strings. He just likes the attention. Giving a malignant narcissist any kind of supply is just going to make him worse.

    Gray rock the shit out of him.

    S This user is from outside of this forum
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    wrote on last edited by
    #221

    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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    • ? Guest

      Some of the architects who helped win the second American civil war say yes:

      Firstly, it is essential to squash the democratic myth that a state ‘belongs’ to the citizenry. The point of neo-cameralism is to buy out the real stakeholders in sovereign power, not to perpetuate sentimental lies about mass enfranchisement. Unless ownership of the state is formally transferred into the hands of its actual rulers, the neo-cameral transition will simply not take place, power will remain in the shadows, and the democratic farce will continue.

      So, secondly, the ruling class must be plausibly identified. It should be noted immediately, in contradistinction to Marxist principles of social analysis, that this is not the ‘capitalist bourgeoisie’. Logically, it cannot be. The power of the business class is already clearly formalized, in monetary terms, so the identification of capital with political power is perfectly redundant. It is necessary to ask, rather, who do capitalists pay for political favors, how much these favors are potentially worth, and how the authority to grant them is distributed. This requires, with a minimum of moral irritation, that the entire social landscape of political bribery (‘lobbying’) is exactly mapped, and the administrative, legislative, judicial, media, and academic privileges accessed by such bribes are converted into fungible shares. Insofar as voters are worth bribing, there is no need to entirely exclude them from this calculation, although their portion of sovereignty will be estimated with appropriate derision. The conclusion of this exercise is the mapping of a ruling entity that is the truly dominant instance of the democratic polity. Moldbug calls it the Cathedral.

      The formalization of political powers, thirdly, allows for the possibility of effective government. Once the universe of democratic corruption is converted into a (freely transferable) shareholding in gov-corp. the owners of the state can initiate rational corporate governance, beginning with the appointment of a CEO. As with any business, the interests of the state are now precisely formalized as the maximization of long-term shareholder value. There is no longer any need for residents (clients) to take any interest in politics whatsoever. In fact, to do so would be to exhibit semi-criminal proclivities. If gov-corp doesn’t deliver acceptable value for its taxes (sovereign rent), they can notify its customer service function, and if necessary take their custom elsewhere. Gov-corp would concentrate upon running an efficient, attractive, vital, clean, and secure country, of a kind that is able to draw customers. No voice, free exit.

      D This user is from outside of this forum
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      wrote on last edited by
      #222

      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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      • R [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%

        sudoer777@lemmy.mlS This user is from outside of this forum
        sudoer777@lemmy.mlS This user is from outside of this forum
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        wrote on last edited by
        #223

        "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).

        T I ? A 4 Replies Last reply
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        • P [email protected]

          The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

          All is going according to plan.

          S This user is from outside of this forum
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          wrote on last edited by
          #224

          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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          • B [email protected]

            I'm all for "it's benefitting the billionaires," and that's what tariffs do, but most of the ultra-wealthy's money is tied up in the market, too.

            Some of the administration's actions really are them drinking their own Kool-aid. Like, what they've done to the HHS is objectively detrimental to the ultra-wealthy old guys too.

            S This user is from outside of this forum
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            wrote on last edited by
            #225

            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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            • sudoer777@lemmy.mlS [email protected]

              "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).

              T This user is from outside of this forum
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              wrote on last edited by
              #226

              The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.

              T ? 2 Replies Last reply
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              • R [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%

                R This user is from outside of this forum
                R This user is from outside of this forum
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                wrote on last edited by
                #227

                Russian asset undermining American interests and alliances. Can't imagine why.

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                • P [email protected]

                  this is just going to fuck up the US economy rather than meaningfully affect any other country. you don't fucking produce anything worth a shit anymore.

                  R This user is from outside of this forum
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                  wrote on last edited by
                  #228

                  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.

                  A 1 Reply Last reply
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                  • D [email protected]

                    Conveniently left Russia out. I wonder why.

                    L This user is from outside of this forum
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                    wrote on last edited by
                    #229

                    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.

                    whynotsquirrel@sh.itjust.worksW A D 3 Replies Last reply
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                    • L [email protected]

                      Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

                      So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

                      Copied from twitter from someone who’s suffering insomnia right now.

                      Figured out where these fake tariff rates come from that Trump is claiming. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us.

                      So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

                      https://www.reddit.com/r/Thailand/comments/1jq32od/new_import_tariff_to_usa/ml4328d?utm_source=share&utm_medium=android_app&utm_name=androidcss&utm_term=1&utm_content=2

                      Source of these trade deficit numbers is in https://www.reddit.com/r/Thailand/s/TKZ68gLs6z

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                      wrote on last edited by
                      #230

                      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 B

                      Ratio of the two: 61%

                      Half of that as "reciprocal" tariff: 31%

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                      • T [email protected]

                        The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.

                        T This user is from outside of this forum
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                        wrote on last edited by
                        #231

                        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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                        • lucidlethargy@sh.itjust.worksL [email protected]

                          The glue eating rageaholic is doing the opposite of this. He's going to tarrif farming EXPORTS from the US.

                          Never in our history has america had such a stupid president.

                          U This user is from outside of this forum
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                          wrote on last edited by
                          #232

                          Wait, what?

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                          • D [email protected]

                            Conveniently left Russia out. I wonder why.

                            itisileclerk@lemmy.worldI This user is from outside of this forum
                            itisileclerk@lemmy.worldI This user is from outside of this forum
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                            wrote on last edited by
                            #233

                            They are rest of the World. How dissrespectfull.

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                            • B [email protected]

                              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.

                              itisileclerk@lemmy.worldI This user is from outside of this forum
                              itisileclerk@lemmy.worldI This user is from outside of this forum
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                              wrote on last edited by
                              #234

                              Make America go away!

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                              • R [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%

                                L This user is from outside of this forum
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                                wrote on last edited by
                                #235

                                Ironically crashing the economy is one of the best things you can do to slow down climate change

                                A C B T 4 Replies Last reply
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                                • T [email protected]

                                  The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.

                                  ? Offline
                                  ? Offline
                                  Guest
                                  wrote on last edited by
                                  #236

                                  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.

                                  T U 2 Replies Last reply
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                                  • R [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%

                                    ? Offline
                                    ? Offline
                                    Guest
                                    wrote on last edited by
                                    #237

                                    What a dumbass

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                                    • P [email protected]

                                      this is just going to fuck up the US economy rather than meaningfully affect any other country. you don't fucking produce anything worth a shit anymore.

                                      P This user is from outside of this forum
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                                      wrote on last edited by
                                      #238

                                      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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                                      • lemmyoutofhere@lemmy.caL [email protected]

                                        Last I saw, it was 360k.

                                        K This user is from outside of this forum
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                                        wrote on last edited by
                                        #239

                                        I have to get bigger bootstraps.

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                                        • D [email protected]

                                          Why would I say that? The country is already dead.

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                                          wrote on last edited by
                                          #240

                                          "Death to America" is no longer a call to action; now it's just remarking on current events.

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