Most of all, the US is fucked.

bamboozle them with bullshit

It’s probably like his net worth, where “it goes up and down with the markets and with attitudes and with feelings”, “even my own feelings, as to where the world is, where the world is going, and that can change rapidly from day to day”.

money.cnn.com/2011/04/21/news/…/index.htm

No, it’s half the tariff those countries place on American goods. Or so he claims. I have no idea where those numbers come from.

Like he would even know what that is.

The following quote from ChrisO_wiki on bsky

“@chriso-wiki.bsky.social Just figured out where these fake tariff rates come from. 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.” Just about sums it up.

Apparently ChatGPT.

China and Vietnam are producing a lot of the low cost every day items people use. It’s going to hit the lower income people the hardest. Thank goodness I’m in Canada.

You're going to get tired of winning tariffs.

Mainly American people’s lives. He’s basically making everything more expensive in USA that is not made in USA, but most things made in USA are dependent on imported parts, fertilizers, components, raw materials etc… This is going to be a mess to witness

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.

It’s winning for magats because they wanted to hurt people

That’s all this was about anyway

And we’ll know exactly which countries bought him off

I can only hope so.

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. The people who haven’t figured that out are never going to. They will be praising him until the day they die.

It isn’t quite that easy.

The US is a MASSIVE part of basically every luxury industry and isn’t insignificant in many others. So while alternate trading partners can be found to handle stuff like lumber, plenty of industries are going to be hit real hard and not have alternative customers. And they aren’t going to just want to lower their profits for national pride.

But yeah. I REALLY hope trump is just actively destroying the US either in the name of putin or just out of anger and spite over not winning in 2020. Because the alternative is that we are all going to suffer so fucking much because that piece of shit doesn’t understand what tariffs are.

The effects of widespread tariffs is well known.

You will lose industry that makes high added-value products, and increase the production of products with low added-value. (Most people call this “deindustrialization”.)

Tariffs mostly don’t impact the overall trade balance, so there’s no reason to expect that one to change.

If we actually want manufacturing in the U.S., give companies incentives to do business here

Like the CHIPS act? The EV and related items? Infrastructure? High speed rail (most of which has a made in us requirement)? What happened to those again?

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.

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.

Americans will be paying the tariffs, not foreign companies.

I wish TSMC would open a factory in Europe.

Not only would it be very advantageous for the EU, it would sting like hell for the US.

Rest of the world is 10%. I assume that’s what they’ll see.

It was 10% as they have a 10% on the US.

In English, Brazil.

He was inside you all along

He missed.

How much do I have to make before my tax bill goes down?

Maybe because he’s waiting until the election is over? He’s probably noticed by now that he’s hurting Canada’s Conservative Party.

www.cbc.ca/news/…/trump-tariffs-canada-1.7500316

Like playing ruzzian roulette with a full clip.

He doesn't care. He's rich and he's old. He just wants to grift his last few years away. He'll be shielded from the worst of the impacts.

Everyone should be boycotting the US, especially those inside of the US.

With a balooning debt to gdp ratio, its gonna get unmanagable really fast , people are too stupid to elect another FDR and US’ tech dominance gap will shrink or be outright gone.

Chinese millenia is coming if its not already here

FYI , HERE is the most up to date list (including Turkiye, Israel and some others)

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 !BackTo1985@lemm.ee

Most headlines I see are going with 10%, which is a big understatement.

It’s because they’re run by billionaires. Even liberal, big outlets harp on cultural issues to redirect focus.

Nah, that ship has sailed. They’ll never cut diplomatic ties, because why would they?

They’ve already decided they need to come together to live in a world without the US… They’re already making trade deals and new defense pacts, they’re already planning around us

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

Bingo.

It’s true in many roundabout ways, but the math adds up to “break for billionaires.”

Like, it’s full of nepotism and revenge, too. The Taiwan tax sucks. And take the discrete tax on automobiles and auto parts: I’ll give you one guess on who that benefits.

Play stupid games and win stupid prices.

He is playing Vlad Putin 8D Chess, not Donald Trump 1D Checkers. lemmy.world/post/27627662/16165977 This was all planned in 2013.

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

One of my main rules of life is that people are most suspicious of the behavior they are most likely to perform. Cheaters think they’re being cheated on, thieves think everybody is stealing from them. If HitlerPig thinks everyone else is looting, pillaging, raping, and plundering, its because that what he does.

Buying from other economies does two things. One, you have access to their expertise/efficiency.

Not everyone will have invested in the same industry.

Will miss out on cheap labour. Cheap resources.

Don’t be dumb though, selling us USD for our products isn’t just “printing paper”. We use those USD (mostly we sell the debt to china) to buy USA companies. It’s capitalism after all.

…

I literally just corrected someone else about the opposite mistake.

“prizes”*

I wonder how fast and much daily fashion will change. Like, no more knitted or crocheted items, or their resale value will go way up.

Probably fucking subsidized instead, though I didn’t see specifics about fossil fuels

In 1930, the Republican-controlled House of Representatives, to alleviate the effects of the…Anyone? Anyone? The Great Depression passed the, anyone? Anyone? The tariff bill? The Smoot-Hawley Tariff Act? Which, anyone? Raised or lowered? Raised tariffs to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression.

He wants to use tariffs (which act like a flat-tax) to lower income tax on the rich. There’s speculation he’s also doing something like the “Mar-a-Lago Accord,” which involves devaluing the dollar (causing inflation). If wages don’t rise with the inflation (which they don’t want), US labor will be more competitive, so people can work in factory jobs with pay analogous to current Chinese factory workers.

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.

A poor America, with no friends in the world suits Vlad Pootang very well. It will be like the world has 2 Russia’s…

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.

Yup.

One of the benefits of having young children is that if I play my cards right “my” boycott could exceed my own lifetime.

I’m not sure that’s any better, as traders and news have a whole night to digest it now. It might’ve seemed less bad with just an hour (before the next controversy consumes the cycle).

Gork. The rats AI.

I’m not joking.

Yep. In the next few years I expect more Americans to raise pigs on their suburban plots.

They’ll try to spin it in tomorrows finance news, so it may be sharp but not as sharp as it should be.

I think they don’t get it either.

With hundreds of millions of high powered weapons floating around?

You bet!! ᕕ(ᐛ)ᕗ

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.

Large companies can also bully suppliers to force them to lower prices at their end

But…he’s still racist right? Because that’s all I care about. Making sure it’s still okay to be racist.

<img alt="" src="https://lemmy.world/pictrs/image/204fa5e8-eb33-4a0e-9508-925320b91045.gif">

Breast milk prices are going to skyrocket.

Sick history reference.

anyone? anyone?

Rolling back the odometer to the 1930s.

People are saying if you ask ChatGPT the easiest way to do a global tariff based on trade deficits with a minimum of 10 percent - it spits out the exact same numbers.

From an electrical engineering perspective H O S E D. Historically, “Oh you want to manufacture something cheaply but can’t due to IP issues or CCP conflicts of interests? Why not Malaysia, Vietnam or the Philippines?”

People got to realize this is gonna jack up the supply chain so hard. Texas Instruments an IC manufacturer produces some stuff in texas. If my production is in Malaysia then surprise! Tariff to send components to Malaysia. But wait, programming, testing, packaging, and inventory of the boards is in the USA. So the PCBA is surprise surprise Tariff again. Now that the board is considered finished and ready to be sold, it turns out your customer is in china or anywhere else in the world…. So tariff. These Tariffs compound. The business isn’t going to foot the bill so its gonna get pushed to customers.

I am really curious how the TSMC foundry in AZ is gonna work out. They can produce the wafers but packaging is done still in Taiwan. So tariff to Taiwan , tariff again back to the USA, and the tariff again because its an advanced electronic component?

Once more the USA forgets about its biggest former colony

If it crashes badly enough their money will be worthless.

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. It’s more that this is a regressive tax to fund cuts to progressive taxes, fucking shit up is not the intent.

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. There’s some arguments to be had around tariffs, but implementing them Iike this is more on the kool-aid side.

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.

But like, could I come visit if I need to seek asylum? That would be different than tourism, right? I’m not really happy or comfortable with the situation here, nor have my efforts been able to change other people’s views (e.g. make them think about consequences).

I’m an American, and I endorse this message.

I get where you’re coming from, but the whole tourist thing . . . remember half of us fucking despise Trump and his merry band of fascist fuckwits.

Make America go away!

Not sure about that part.

I’m doing my part! More an intent to strengthen the EU, than specifically weaken the US. Cancelled all US tech subscriptions (not a small deal as a software dev). Cloud services all moved to Scaleway in France, AI migrated to Mistral, mail to Tuta, maps to Mapy.cz and more…

It’s all goods from those countries.

30% seems pretty generous. Nevermind the complete collapse of trade and alliances we built over the past century, won’t countries stop using the us dollar as the backing reserve? Which will likely set america on an even further downward trend, especially since the dollar isn’t on the gold standard anymore?

american juche now!

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 in generations. no, I’m afraid ignoring Trump isn’t going to solve anything.

the oligarchs must be stopped. one way or another.

Lots of good cheap building materials and cloth come from Vietnam. Trump publically thinks that by cutting off these it will bring the rust belt back. Absolute lunacy.

Reminder that after setting the political stage for the Khmer Rouge to take power with the carpet-bombing of Cambodia, the US Government continued to recognize Pol Pot as its rightful ruler all the way through to the early 1990s, simply because the actual Cambodian government of the 80s was installed with Vietnam’s help.

The USA seems to be on an never-ending quest to fuck Indochina over for no fucking reason.

The number for a tariff is a trading deficit divided by total export of a country. It’s simplistically stupid. <img alt="" src="https://lemmy.world/pictrs/image/44496d66-8a26-4c1d-9794-a7d8ab797f90.jpeg">

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.

www.reddit.com/r/Thailand/comments/…/ml4328d?utm_…

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

Probably got a surprise when he went to grab a ladyboy by the pussy.

The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.

It’s one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.

Trump is going to tank the economy of an already poverty-stricken country and plunge it into exactly the kind of instability that destroyed it once already just because “fuck you, give me more”.

He is gambling on the fact that Us economy can hold off longer than other countries and they’ll cave

It’s like two people holding their breath bad for both but neither wants to lose

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.

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.

The overabundance doesn’t just vanish. When the poor have less, the wealthy have more. There may be more homeless people fighting over food but the billionaires will be able to get a fleet of yachts.

Most of the kit that is made in US uses parts distributed by other countries… So even domestic sales of US created products are likely to be impacted. Gotta give it to Krasnov, he’s doing a bloody good job at the task he’s been set.

Oh no. We produce stuff. The best weapons for killing people are made here.

Together, we can make that happen

The crash in 2020 was twice as deep as it should have been. The markets were spooked by a president repeating conspiracy theories instead of reassuring people while health organizations were scrambling and panicking.

Russia and North Korea.

It’s official. We are the baddies now.

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.

They are rest of the World. How dissrespectfull.

It’s 8D chess. By crashing the economy and the dollar he can then increase the price of gold and liquidate Ft Knox at the perfect time. Then he can replace the dollar with trumpcoin. Truly a genius and a patriot.

Is /s needed?

1.084USD per EUR yesterday moved to 1.097USD per EUR today.

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

The only real reason I can think of

It’s mercantillism, a well studied subject.

How is any of this “hurting said corporations?”

Tariffs are a tax on the working class. Corporations will use this as an excuse to raise prices beyond how much their costs increase due to tariffs.

If a tariff causes a product to cost 5% more to bring to market, you’d better believe they’re going to charge 20% more to the customer.

The ruling class always gets theirs. We can thank the useful idiots among us for why things never change.

It’s not the corporations, it’s the billionaires that run them. Every time Trump does something that makes the stock market drop, they get richer by scooping up more for less. Than sell them when Trump says “Just kidding” and the stock market rises again.

Not to mention that all of their companies get to raise prices and blame “tariffs” in order to increase their profit margin.

It’s the entire reason they paid to get him into the white house.

Trump will be remembered as the most influential US President.

Lost my job this week at an engineering firm in green tech. Let it burn.

Wrong.

The best things you can do are invest in green energy and energy storage projects, create polices that cap (and actually punish) carbon emissions, upgrade to more efficient infrastructure… All things that take money, a functional government and a functional economy.

What we learned from COVID, is that crashing the economy does not really slow down climate change, it just hits the pause button for a little bit, and then it resumes at the same or greater speed.

Sure, but he is just crashing Western economy as Russia is preparing to invade rest of Europe.

and we all know now who is to blame.

Central banks?

Doesn’t the US already have full sanctions with Russia? So literally no trade is happening with them, so a tarrif would be pointless? Maybe I missed trump removing the sanctions at some point in his onslaught of nonsense.

I’m so sick of the bullshit misinformation that gets upvoted on this site. First, you demand tariffs on what equals to roughly 0.8% of our total imports. Second, there is no “war” currently going on between “R” and “U”. Also, I thought the “P” man ended the genocide against “R” citizens by taking power, I’m not a scholar though so link away with whatever truth burger you’re trying to peddle.

Wait what?

President Paul Kagame of Rwanda declared war on Uganda?

~/s~

Well technically R would fall under the category “rest of the world”, no?

The goal is to start a fire and to attend the fire sale.

It’s always the goal of malignant narcissists.

90% income tax over a certain amount. This was how they did it in the 50s….you know the days republicans keep citing as the “good ol days”

nah, bruh. we need something else for them.

Congress is pretty much dead. Repubs have lost whatever was the last vertebrae they had in their spine

There’s technically no upper limit, why not make it 10000% and really see what happens!

With Nazis, it’s always the right time.

shit bruh, we could just start that process now and skip over the bread line bullshit.

Trump doesn’t care about approval ratings. He has a “golden parachute” waiting for him and his buddies in Russia after he destroys America.

Jim Jones was able to walk 600 adults to their death (the children, sadly, had no say in the matter). It’s a cult

It is not, Russia dont have tariffs they have sanctions… Dont be that guy

They get 10%.

Wait so if the admin is in favor of reciprocal tariffs does that mean they are asking other countries to raise tariffs against the US?

I’m gonna check this newly needed wiki page: en.wikipedia.org/…/Tariffs_in_the_second_Trump_ad…

Thank you for the reference, I scrolled to the bottom to check if you were copypasta-ing us before going back and reading it. We just all live in Crazytown now I guess.

Thanks for the explanation! It is unbelievable that these are the folks with nuclear codes.

Putting on my best swiss cheese brain, maybe they are treating it ‘like a business’ and trying to do debt to income ratio? So our deficit is the debt then they look at tariffs on the imported goods as the income.

Do you know if this holds for other countries too?

Why does he think tariffs are equal to trade deficits?

In essence this policy primarily imposes taxes on businesses, severily reduced the wealth of the billionaires, properties this forum often applauds. Funny how suddenly it’s not liked.

US politics really is like picking a favourite sports team :D

He just saw that they have a massive tariff against the US going back decades and I guess he took it personally.

I think it is something to do with China using it as a proxy for their export.