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submitted 1 week ago* (last edited 1 week ago) by RandAlThor@lemmy.ca to c/world@lemmy.world

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%

Rest of the world: 10%

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[-] flamingo_pinyata@sopuli.xyz 310 points 1 week ago

Is he using a random number generator?

[-] Quill7513@slrpnk.net 91 points 1 week ago

bamboozle them with bullshit

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[-] 467265654C75696769@sh.itjust.works 58 points 1 week ago* (last edited 1 week ago)

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.

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[-] CaptainPedantic@lemmy.world 57 points 1 week ago

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.

[-] warm@kbin.earth 108 points 1 week ago

He doesn't understand what VAT is.

[-] CaptainPedantic@lemmy.world 102 points 1 week ago

He doesn't understand anything. Here's what he said about income taxes and tariffs today.

They established the income tax so that citizens, rather than foreign countries, would start paying the money necessary to run our government

[-] aesthelete@lemmy.world 59 points 1 week ago

That's one of the stupidest things I've ever read.

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[-] Buffalox@lemmy.world 216 points 1 week ago

“our country has been looted, pillaged, raped, plundered”

by other nations selling their goods to us cheaply, and by them accepting our Dollars that cost us nothing to make for it!!

I don't think Trump understands the benefits and privileges for USA of having the top international reserve currency.
But maybe if he ruins it quick enough, he may find out?

Play stupid games and win stupid prices.

[-] RoundSparrow@lemm.ee 44 points 1 week ago* (last edited 1 week ago)

Play stupid games and win stupid prices.

He is playing Vlad Putin 8D Chess, not Donald Trump 1D Checkers. https://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

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[-] thejml@lemm.ee 200 points 1 week ago

A lot of people’s lives are about to get more expensive… again.

Is this winning?

[-] RandAlThor@lemmy.ca 119 points 1 week ago

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.

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[-] cosmicrookie@lemmy.world 64 points 1 week ago

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

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[-] NocturnalMorning@lemmy.world 123 points 1 week ago* (last edited 1 week ago)

I mean, this will suck in rhe short term, but these companies will exit the U.S. market if it gets to be uneconomical, and we'll be fucked, not them. Trump's I Am sO sMaRt comments all the time will make him look like an even bigger idiot than he already does.

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

[-] krashmo@lemmy.world 51 points 1 week ago* (last edited 1 week ago)

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.

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[-] NuXCOM_90Percent@lemmy.zip 38 points 1 week ago

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.

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[-] dovahking@lemmy.world 109 points 1 week ago

Conveniently left Russia out. I wonder why.

[-] Furbag@lemmy.world 78 points 1 week ago

Russia and North Korea.

It's official. We are the baddies now.

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[-] LarmyOfLone@lemm.ee 99 points 1 week ago

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

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[-] b161@lemmy.blahaj.zone 82 points 1 week ago

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.

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[-] unmagical@lemmy.ml 78 points 1 week ago

And just like that every American good costs significantly more.

If your family income is less than about $200,000, congratulations, your tax rate has at least doubled.

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[-] pyre@lemmy.world 78 points 1 week ago* (last edited 1 week ago)

isn't this 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.

[-] Rakonat@lemmy.world 47 points 1 week ago

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.

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[-] maplebar@lemmy.world 74 points 1 week ago

Why the fuck is our media so bad that they blindly accept Trump's bullshit line that the tariffs are "reciprocal"? Are they just stupid or have they been paid off? Do they not know the meaning of "reciprocal" or are they just too fucking lazy to question the White House's rhetoric even a little bit?

The state of the United States makes me sick. We're being robbed blind buy the oligarchy in broad daylight while the media gleefully amplifies the administrations lies.

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[-] ShellMonkey@lemmy.socdojo.com 66 points 1 week ago

They'll be reverted as soon as he gets some flattery and palm greasing from the right people.

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[-] collapse_already@lemmy.ml 63 points 1 week ago

So is the plan to drive the cost of everyday essentials so high that virtually everyone bankrupts and the billionaires buy all of our assets for pennies on the thousand dollars? That is all I can come up with trying to make a scenario where this has some coherent objective.

[-] 10001110101@lemm.ee 37 points 1 week ago

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.

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[-] te_abstract_art@lemmy.world 58 points 1 week ago* (last edited 1 week ago)

I'd love to open the news one evening and not feel like we're another step closer to the apocalypse.

Honestly, fuck Trump. Where my Luigis at?

[-] MBech@feddit.dk 43 points 1 week ago

He was inside you all along

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[-] PurpleSkull@lemm.ee 57 points 1 week ago

Thanks for typing out the percentages, so far I've only seen emotional news reports about it without any detailed info.

Are these tariffs on ALL goods from a certain country? Eg, does 34% on China mean 34% on ALL Chinese goods or just certain ones like cars?

Well, one of two things will happen now.

  • The US economy will recede by roughly 30% over the coming years (classified by economists as "catastrophic collapse")

  • It will turn out that trade was "fake and gay" all along and autarky is the way to go, despite centuries of historic lessons to the contrary.

Take your pick.

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[-] pleasegoaway@lemm.ee 52 points 1 week ago

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.

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[-] wirebeads@lemmy.ca 50 points 1 week ago* (last edited 1 week ago)

Trump: Meta will invest $500 billion.

Truth: Meta will invest around $60 billion.

Thats a gross mis representation of what’s factually correct in monetary terms.

This fucking asshat is going to sink the American economy. No major company is going to do this. Why would TSMC spend “$500 billion” to build a factory?

Them just paying the tariff would be less than building a new factory. They just need to survive trumps term and frankly, when the U.S. can’t get chips at an affordable price from Taiwan, those tariffs will fall away like a pillar f sand during high tide.

Absolutely dumbest fucking turd on the planet.

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[-] JeSuisUnHombre@lemm.ee 49 points 1 week ago

I think it's important to note that this will kill a great many small businesses.

Larger companies have a larger supply in giant warehouses. Small businesses order smaller quantities more often. They get fucked sooner with the costs going up. If a customer wants to support that small business they sometimes would have to pay twice what they could get it for from a larger company. This is a deep consolidation of wealth.

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[-] EvilCartyen@feddit.dk 49 points 1 week ago

This is kind of hilarious in a dumb way. It's going to hit american consumers like a goddamn hammer, and will be rewarded with tariffs going the other way, and we'll all be poorer. Americans most of all.

If he keeps going like this you'll end up with stagflation - high inflation and a stagnating or recessive economy. That shit is hard to get out of, good luck.

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[-] bstix@feddit.dk 46 points 1 week ago

Never mind the money. Think about this: Is the American lifestyle self-sustainable?

No? Why not?

Because they use more than they produce? Yes, and where do those things come from?

Imports? Yes.

Trump litteraly put a stop to the American lifestyle.

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[-] brucethemoose@lemmy.world 43 points 1 week ago

This gold from wallstreetbets:

Soooo is the tariffs charged to the United States really a ratio of the trade imbalance?? For example Vietnam imported roughly 14.6 billion in goods from the United States, and we imported around 146 billion, so thus they have decided tariffs are 90% to the United States…thus we are putting a tariff on them of half of that…which means we are literally tariffing the goods we either a)need more or b) get more efficiently at a higher rate? That may be the absolute dumbest way to create a tariff policy I could imagine if that is the case…which it looks to be.

https://old.reddit.com/r/wallstreetbets/comments/1jpzhje/tariff_chart_released/ml476s7/

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[-] Dead_or_Alive@lemmy.world 41 points 1 week ago

Did you happen to notice the one country not on the list?

Here I’ll give you a hint it’s name starts with an “R” and is run by a man who’s name starts with a “P” and is currently at war with a country that starts with a “U”…

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[-] prex@aussie.zone 39 points 1 week ago
[-] RandAlThor@lemmy.ca 39 points 1 week ago

Cambodia and Vietnam are so fucked. All the Chinese companies shifting production to Vietnam and Cambodia are fucked. Damn. These are very high tariffs.

[-] AmbiguousProps@lemmy.today 49 points 1 week ago

Most of all, the US is fucked.

[-] P1nkman@lemmy.world 39 points 1 week ago* (last edited 1 week ago)

In 2020, I thought Covid might crash the economy. You know, history repeats itself. But oh, was I wrong; it'll all be caused by a single fuckwit which deserves to be tortured.

Fuck anyone involved in making the world a worse place. I hope they all die in fucking agony.

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[-] Buelldozer@lemmy.today 39 points 1 week ago

Smells like Smoot-Hawley up in this bitch.

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[-] riodoro1@lemmy.world 35 points 1 week ago* (last edited 1 week ago)

GlObAL ReCESSioN

Can they fucking stop threatening us like we’re stupid children? Life has been getting more expensive worldwide for a decade and we all know now who is to blame.

I don’t fucking care about new toyota prices in the us, I want to buy potatoes in poland. Fuck off with your recessions and bullshit economies.

[-] Furbag@lemmy.world 34 points 1 week ago

US dollar in absolute freefall. Thursday is going to be a bloodbath when the market opens.

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[-] BigMikeInAustin@lemmy.world 34 points 1 week ago

Did he wait until late afternoon Apr 2nd?

He failed to do it "the day l'm elected."

He failed to do it the day he was sworn in.

He failed to do it, like 5 times from Jan - Mar.

He failed to do it Apr 1.

He failed to do business during business hours Apr 2nd.

This little baby just keeps failing and hiding.

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[-] ragepaw@lemmy.ca 32 points 1 week ago

Stop calling them reciprocal.

[-] warm@kbin.earth 32 points 1 week ago

How to isolate your country:

[-] Madbrad200@sh.itjust.works 31 points 1 week ago

Whelp, guess I'm joining the Boycott US movement

[-] gdog05@lemmy.world 38 points 1 week ago

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

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this post was submitted on 02 Apr 2025
713 points (98.9% liked)

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