Trump threatens 'far larger' tariffs if EU and Canada unite to do 'economic harm' to the U.S.
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Hey dipshit (not OP), the whole point of tariffs is to reduce imports. Of course a, sane person would ramp them up over time to allow any domestic production the chance to fill the gaps.
Not to mention some sectors will probably see a loss in revenue as costs become out of reach due to more expensive labour. Not to mention the movement of wealth from bottom to top also reduces people's spending power so if you make things more expensive at the same time... Well... Wcgw? Lol.
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I heard he said these new tariffs are gonna be "yuge"
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There's an old saying that says: "Tarrif me once, shame on you. Tarrif me twice - you can't get tarrifed again".
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I agree with almost everything here, but I don't think an embargo on China would be as damaging as you think it would.
It would hurt, don't get me wrong, but China is largely in the position it is now because the developed world was looking for cheap labour and China fit the bill. There is no lack of underdeveloped nations who would gladly shift their economy if it meant they could support a fraction of the manufacturing supply that China currently commands. Africa and South America (not a single nation, I know but this is true of many African and South American nations so I'm combining for simplicity's sake) is positioned both politically and geographically, to be a sudo-China in terms of manufacturing if the wider world decides to embargo China-proper.
The US and EU pulling out of China would devastated them far more than it would affect the former. I'd like to think that the EU at least, would be willing to withstand some economic damage to aid another nation in need.
It took 30 years for Chinese manufacturing to reach what it is today.
Yes, other countries would love to take on that role.
But it would take another 30 years, IF China cooperated and pushed the transition like the west did. Which they won't. -
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It really is like Homer being angry he's not allowed in the No Homers Club
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Not really, for the same reasons Russia's economy is now in the shitter: sure they could sell oil to another country, but changing the whole infrastructure is not something that can be done in days. Same with moving the whole production of goods to a completely new country.
Also consider that nowadays western countries have lost the knowhow to produce efficiently goods (while their service industry still remains unmatched)
I can see the point your making. I'm not suggesting it'd be easy but if we moving to Russia as the example Russia would be the standin for China, not the wider world.
Russia's economy is now shit because they got embargoed, as China's would be, it hurt the wider world briefly, but that has mostly passed.
And I didn't suggest western countries take on the brunt of the manufacturing, I suggested it should be countries that would benefit from the overhaul to their economy
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It took 30 years for Chinese manufacturing to reach what it is today.
Yes, other countries would love to take on that role.
But it would take another 30 years, IF China cooperated and pushed the transition like the west did. Which they won't.But that only takes into account the time when China started their shift into manufacturing. China has been THE dominant manufacturer for at least 20 years now. So we shouldn't judge by today, but should judge by their rise to dominance.
Plus having a distribution of countries to use as manufacturers allows for specialists to emerge, likely speeding up their individual adoption of the role they choose.
And why would China cooperate with their own exclusion from the world market? And even if they chose economic suicide, why would their assistance be required for other countries to become manufacturers?
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I agree with almost everything here, but I don't think an embargo on China would be as damaging as you think it would.
It would hurt, don't get me wrong, but China is largely in the position it is now because the developed world was looking for cheap labour and China fit the bill. There is no lack of underdeveloped nations who would gladly shift their economy if it meant they could support a fraction of the manufacturing supply that China currently commands. Africa and South America (not a single nation, I know but this is true of many African and South American nations so I'm combining for simplicity's sake) is positioned both politically and geographically, to be a sudo-China in terms of manufacturing if the wider world decides to embargo China-proper.
The US and EU pulling out of China would devastated them far more than it would affect the former. I'd like to think that the EU at least, would be willing to withstand some economic damage to aid another nation in need.
I'm not well read on india's modern manufacturing capabilities, but I do know that they have been trying for a while to up their manufacturing exports and entice jobs that would normally go to china. 1 billion ppl is a competitive sized workforce.
If America and EU needed an immediate substitute, india could fit the bill.
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There's an old saying that says: "Tarrif me once, shame on you. Tarrif me twice - you can't get tarrifed again".
I'm pretty sure that was deliberate. Bush didn't want a soundbite of him saying shame on me.
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The US is not the only purchasing country numbnuts. He seems to think it's the 1950s when it was (essentially) only the US with purchasing power. Companies will just try to sell internationally.
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It's like he can't comprehend that other people would react to his actions.
He raised tariffs, other nations reduced trade with the US and looked elsewhere. If he continues to raise tariffs it will inevitably cause the US to be isolated in trade.
It's not even a shocking/daring tactic, it's a self destructive tantrum because his misunderstanding has led to mismanagement and now he's doubling down
To be fair, if you look at it from the perspective of a narcissist who has never been told "no" his entire life, it makes perfect sense.
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I agree. He seems to think countries should be paying tribute to the US.
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do economic harm to the US
.... Like the economic harm you're doing to Europe and Canada?
You're literally that bully that's starts screaming "don't hit ME!" when the victims punch back
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The trump regime’s only purpose is to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.
Ding ding ding. We have a winner
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::: spoiler (cross-community) mega post ?
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at ... [email protected]
and [email protected]
... same post + same article ... here :
https://lemmy.world/post/27449740 (L.W)
https://lemmy.world/post/27445411 (.au)
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at !Economy
... same post + same article ... here :
https://lemmy.world/post/27444207at !Economics
... same post + same article ... here :
https://lemmy.world/post/27449188at [email protected]
article :
https://www.nytimes.com/2025/03/27/world/europe/trump-tariff-threat-canada-eu.html
... same news ... here :
https://lemmy.world/post/27449187
:::Counting 9:
https://lemm.ee/post/59609761 in News on lemmy.world (archived NYTimes)
https://lemm.ee/post/59609758 in World News on lemmy.world (archived NYTimes)
https://lemmy.wtf/post/18687996 in World News on lemmy.world (NYTimes)
https://lemm.ee/post/59602266 in World News on lemmy.world (CNBC)
https://lemmy.world/post/27449187 in Europe on feddit.org (NYTimes)
https://lemmy.world/post/27449188 in Economics on lemmy.world (CNBC)
https://lemmit.online/post/5503734 in World News on lemmit.online (CNBC)
https://lemmy.zip/post/34983571 in World News on quokk.au (CNBC)
https://lemmy.wtf/post/18680610 in Economy on lemmey.world (CNBC) -
I'm not well read on india's modern manufacturing capabilities, but I do know that they have been trying for a while to up their manufacturing exports and entice jobs that would normally go to china. 1 billion ppl is a competitive sized workforce.
If America and EU needed an immediate substitute, india could fit the bill.
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What an absolute DOTARD
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To be fair, if you look at it from the perspective of a narcissist who has never been told "no" his entire life, it makes perfect sense.
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