Live updates: Trump announces sweeping tariffs
Live updates: Trump announces sweeping tariffs
The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.
cross-posted from: https://lemmy.ca/post/41675354
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%
Trump cultists are trying to spin his insane actions as good and tough love. There really is no bottom floor Trump can hit, even when it comes to making their lives and everyone else's collectively worse.
1920's 2: electric boogaloo. Good luck everyone. Wish it didn't have to be this way. Do what you can to prepare your families and your communities, because this is going to hurt.
If we get the chance in the 1930s, let's make sure we pull an FDR and not a Hitler, please?
The collapse is going to be the democrats fault so we 100% are getting hitler.
Edit: people aren't going to blame the Democrats? What timeline are you all on?
Trump dismantles regulatory and social support agencies and enacts tariffs on a level we haven't seen since Coolidge and Hoover caused the Great Depression
The collapse is going to be the democrats fault
Keep on keepin' on my friend
Edit - whoosh? You're saying it'll be blamed on the democrats I think? Either way I don't think it'll be that easy this time. They fucked up too much stuff too fast, all while obviously in complete control. 'Oft evil will shall evil mar' and all that.
As terrible as this is and will be, I have hope we can change a lot of minds. Social security started from the ashes of the great depression. It can be done again.
Buddy this here is the collapse - you are in it right now.
Ok so...
SHEIN and TEMU are done, as in, just over, for Americans, and possibly just in general.
Their business models basically no longer work.
Almost 50% on Vietnam and Cambodia?
Ok, thats at least an instant 50% price hike on... most clothes Americans buy?
Fucking....computer hardware?
Jesus Christ, throw another 30% on already bonkers GPU prices.
Cars? Beyond fucked.
Components very often get shipped to one country, partially assembled, cross the border, get assembled more, do that again a few times before final assembly... oh right, and they all are massively computerized now.
Yeeep. Great Depression 2.0 here we come, certainly for America, and probably to a lesser extent for the rest of the world as the US can no longer consume imports... and we will almost certainly have a massive financial collapse, which will almost certainly to at least some extent fuck over finances everywhere else.
Every less developed country that just has its currency pegged to the USD is now fucked and will be in chaos as they figure out how to respond to this.
great depression speedrun any% world record
Inflation just went up AT LEAST 10% I bet you.
10% minimum.
Idiot fuck will make everything more expensive. This isn't short term pain like they will bullshit you, it's going to be this way for 3.5 years.
Lol 3.5 years! The damage done in just these three months would take decades to fix. I think it's very likely that America will never recover from four years of Trump.
If the American Experiment produces a President Trump, can we now conclusively say that it was a failure?
Not even 3, barely into April...
If anyone isn't a neurotic wreck after a couple years of this they where probably not fit for polite society to begin with.
You make it sound like it'll be over in 3.5 years. This damage is deep and won't suddenly go away when Trump is gone (IF he's gone).
I wonder if the alienation of the rest of the world from the US by Trump, especially with these tariffs, was a Putin idea. Make Russia’s enemies turn against one another so they won’t band together. Pull their economies apart so that the EU won’t have armies and defense mechanisms at hand, and so that the US, Mexico, and Canada are no longer trusting each other, and so on. If all the countries don’t trust one another, they are fractured and weak, unable to stand up to Russia’s invasions.
If Americans had a concept of the world beyond their borders they'd realise that.
Although, even if they did look at a world map once. they would still fall for the whole "American Imperialism propaganda" that gets parroted here on Lemmy.
Divide et impera has been a thing for a long long time.
I loved the part where he blames the former Presidents. Bro, you are one.
Well. This will be interesting. It will suck even more but still, interesting.
I’m curious to see what the UK will come back at the US with. I bet the Baby in Chief will throw a tantrum and tell them they can’t do that.
He'll cut Facebook and Google's UK tax bill.
This American moron and his band of court jesters placed tariffs on Heard Island and McDonald Islands, it has a population of 0.
I sold my DJT put way too soon. The entire market is tanking thanks to the world’s best business man.
Well, there are about to be an assload of layoffs at work. No one will be buying anything.
The Fantascist is a complete buffoon. Remember when the world used to laugh at George Bush and the silly shit he said? Bush seems like a genius compared to old shitty pants.