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submitted 2 months ago* (last edited 2 months 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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[-] AbsoluteChicagoDog@lemm.ee 15 points 2 months ago

Curious that Russia is missing

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[-] sasquash@sopuli.xyz 15 points 2 months ago

And our swiss right-wing populists thought Trump was better for the economy. 31% down their stupid throats

[-] Sl00k@programming.dev 14 points 2 months ago

Holy shit the post-market drops for SPY and QQQ are insane. I haven't seen a post/pre market move this sharp since Covid

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[-] Rakonat@lemmy.world 14 points 2 months ago

Russian asset undermining American interests and alliances. Can't imagine why.

[-] Sl00k@programming.dev 14 points 2 months ago

China: 34%

Added note that this is cumulative so it's 54% total. Confirmed by Press secretary earlier.

[-] SkunkWorkz@lemmy.world 14 points 2 months ago

Just saw a news item here in the Netherlands about a bourbon distillery in the US and the owner said that in the long term the tariffs will be good for his business. LOL these magats are delusional. I fucking hope he and his ilk become destitute. Sorry not sorry.

[-] ALoafOfBread@lemmy.ml 14 points 2 months ago

Oh boy. It's stagflation time

[-] Imgonnatrythis@sh.itjust.works 13 points 2 months ago

Like for brooms and shit?

[-] commander@lemmy.world 12 points 2 months ago

Don't buy American. Make America lose the trade war and crawl away from these tariffs

[-] kandoh@reddthat.com 12 points 2 months ago

This is like watching the toughest guy in the prison who runs the biggest gang just start smashing his own head against the concrete floor

[-] ChonkyOwlbear@lemmy.world 11 points 2 months ago

This Wikipedia page is going to be relevant to all our lives very soon.

https://en.m.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act

[-] dual_sport_dork@lemmy.world 13 points 2 months ago

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.

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

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