‘Makes No Sense’: WSJ Editorial Board Savages Trump Tariffs on Allies as ‘Dumbest Trade War in History’

[univers3man@lemmy.world]

Most voters don't know how tariffs work and assume the country who's goods are being targeted are the ones who will pay. A lot of people are in for a rude awakening.

[ms_lane@lemmy.world]

EU entry

As an Australian, no way. Do not want.

[don_alforno@feddit.org]

What happens if the affected countries start trading with each other and ignore the US?

That would mean less money in rich people's pockets, so we can't do that.

[natanael@infosec.pub]

This is starting because Trump himself also don't know how tariffs works

Also see the damn water reservoir thing because he doesn't even understand how water works

And see the Colombia thing

[wewbull@feddit.uk]

"It's nonce-sense"

[wewbull@feddit.uk]

There's already CANZUK

[wewbull@feddit.uk]

There's already CANZUK

[sam_bass@lemmy.world]

Dumbest executive in history, no surprise at all

[sam_bass@lemmy.world]

Those folks firmly believed the trickle-down myth as well

[31337@sh.itjust.works]

Trump has mentioned that tariffs will help him pay for his planned tax cuts. Tariffs are like a flat-tax, which disproportionately help the rich while taking more from the poor.

I also think there may be some other angles they're working; but I'm not completely sure on. Trump often threatens people to solicit favors; so this may also be a way for him and his cronies collect bribes and favorably business deals from politicians and the wealthy from around the world. He may also have deals with Putin, because he's acting exactly how you'd expect a person to act who was trying to destroy the Western hegemony.

[werefreeatlast@lemmy.world]

https://m.facebook.com/story.php?story_fbid=2069436850145993

50 States, 50 Protests, 1day

Feb 5 @ your downtown.

Pass the word!

[monkdervierte@lemmy.ml]

and that the US had a deeper “piggy bank” than its trading partners regarding a potential trade war.

I thought the US has almost 20 trilions in debts?

[monkdervierte@lemmy.ml]

If this increasing shortsightedness means what i think it means, i doubt he will be capable of office for all 4 years of his term.

[inputzero@lemmy.world]

Apologizing while doing terrible things to teach a lesson is the Canadian way. Just look at how they treat native Americans.

I'll be here all week folks!

[t00l_shed@lemmy.world]

Should be 10 days if possible

[glowing_hans@sopuli.xyz]

And who will remove him from office if deemed incapable?

[monkdervierte@lemmy.ml]

That's another question.

[glowing_hans@sopuli.xyz]

Who bought this debt (US treasury bonds)? Mostly China, Japan, North Americans and Europeans … So they depend on the system, the circle closes. The US is the biggest importer in the world, and the years since 1945 where used for exporter nations to optimize and streamline for the American costumer. Breaking away from that system would be painful.

[glowing_hans@sopuli.xyz]

Say you are a oil producer, and frack gas and oil in Texas, an industry that supported trump. Now imagine what tariffs on oil-imports from Canada means for your business: rising prices, since gas from Canada would be less competitive. Same with logging and wood products.

[whiskytangofoxtrot@lemmy.world]

https://www.youtube.com/watch?v=0230d9mp5WY