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His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

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[-] halcyoncmdr@lemmy.world 43 points 3 days ago

Trump 110% still believes that other countries pay these tariffs.

[-] UnderpantsWeevil@lemmy.world 27 points 3 days ago* (last edited 3 days ago)

He believes they can't raise their own tariffs in turn. That's the real danger here. Not Americans paying double for some knock off plastic widget on Temu, but American exporters running into an equivalent tariff wall trying to import cars and computers and pork shoulders into China.

He's taking a guillotine to American global logistics

[-] DragonTypeWyvern@midwest.social 4 points 3 days ago

And when it crashes it will be the Deep State's fault.

[-] OpenStars@discuss.online 3 points 3 days ago

More like he DGAF.:-P

[-] I_Miss_Daniel@lemmy.world 1 points 3 days ago

I'm not so sure.

It's free money for the government isn't it? If he's all about greed or grift, then isn't it the more the merrier?

Disclaimer: I'm not from USA, I'm watching from the other side of the world.

[-] DragonTypeWyvern@midwest.social 3 points 3 days ago

Raising the income tax to 100% might also give you a brief surge of revenue before people start starving and then burning things.

this post was submitted on 30 Nov 2024
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