"Liberation Day" Trump’s Tariffs on Europe
"Liberation Day" Trump’s Tariffs on Europe
kudos to s h i k o r a
edit: complete list is here (4 pages long)
I like how Switzerland tried to please Donald trump to avoid the tariffs like a lil bitch and now got hit even more.
What did Israel get?
17%
I think nothing. The guys are more idiots than i thought. They simply put an equation that balances their exports and imports from other countries. Many say that they simply asked AI for that. Idiots are unpredictable.
Is Turkey part of EU, but got a lesser rate?
Nope they are not. Also it is very funny that they consider EU a country, while every country inside EU has different amount of exports and imports with the USA.
I just heard the reasons for these tariffs is probably based directly on the ratio between trade deficit compared to total trade. A tiny island where almost nobody lives and that never trades with the US got into the highest tariff category because some American bought $3 million worth of sea food in 2024.
User tomi000@lemmy.world gave me the best explanation when I asked what the rationale is for Trump's tariffs:
His logic is: I walk into a store and buy a hat for 10$ and sell them a shoe for 7$. This means the store ripped me off by 3$. To counter this, I will add a tarriff of (3/10)/2 = 15% to all business I do with this store so they dont dare sell me anything in the future.
Okay but you're missing the point: I want to believe that this is all a highly planned and funded Russian op because the alternative is that half the country elected someone so incredibly dumb WITHOUT a conspiracy.
Oh, there's definitely a conspiracy. Not a big-C Conspiracy, but several smaller ones.
One obvious one is Putin who wants to weaken NATO and therefore the EU and the US, and has been sponsoring extremist parties and spreading fake news and pro-Russian talking points across social media.
Another one is the Republicans have been demonizing Democrats for 4 decades, since Newt Gingrich decided they shouldn't be compromising with Dems anymore, but demonizing them, turning US politics toxic.
Conservative media and especially Rupert Murdoch have supported both of the previous ones and pushed them sometimes even more extreme. Not sure if Murdoch is actually pro-Putin, but several of his outlets have done a lot of heavy lifting for Putin. And of course undermining democracy and supporting oligarchy.
The Tech Bros want even more deregulation. They believe in their digital utopia, at least for themselves, and they want free reign to do whatever they want and shape the world in their image.
And the Evangelicals have basically been lead astray by all of these but especially the Republicans, who lead them by the nose ever since the 1960s when the Evangelicals were upset about desegregation. Grifters have turned it into a for-profit religion that bears no resemblance to Christianity anymore, but makes for a perfect vehicle for all sorts of weird politics, including all of the above.
I too would want to belive that Putin is highly planned and funded American(or Chineese) op because the alternative is that half the country elected someone so incredibly senile WITHOUT a conspiracy.
That is true. They used a basic equation of how much less they export to a country. And some said that this is the answer that gives the AI if you ask it.
Why are French overseas territories listed as individual nations?
The current thinking is that these tariffs were drawn up by ChatGPT, and it's used a list of top-level domains (like .io and .hm) instead of countries.
ccTLDs are based on ISO country codes.
Lol. There are seriously 185 counties across the four pages of that list. And Russia is not one of them.
This is out of the 193 sovereign states that the UN recognizes. Wild
The import & export totals are similar to Sri Lanka who got 44%
Several of the entries on the list are not independent countries (French Guiana, for example, has a different rate to the EU despite being part of France and the EU) and one doesn’t even have a human population (Heard & McDonald Islands, an Australian territory near Antarctica)
Two of those (Heard and Mcdonald islands) on the list are uninhabited. Wild indeed.
Why Bosnia, Serbia and Moldova so much?
Make them poor so Trumps daddy can take them? who knows anymore.
Poor countries got screwed. The formula of how tariffs calculated is a simple equation of how much less USA exports to a country than import.
Many poor countries due to currency difference do that and got high tariffs.
Notice how the UK got less? He wants them to follow him like a scottish terrier, and if Farage worms his way into power, I know for a fact they’re going down the same route.
If these tariffs were made to benefit Russia, why doesnt Ukraine have a higher percentage?
Note that more importantly, Russia has been uniquely spared any tariffs.
Don't worry, we got our own "countertariffs".
Because they weren't made intelligently.
I saw that it is a simple equation of how much less USA exports to a country. So poor countries that import less from USA due to currency difference and export more they got screwed much more. Russia due to sanctions maybe has no trade currently that's why she is no on the list.
Why such high tariffs on Moldova? They’re a poor nation.
It's the trade deficit masquerading as a tarrif - Moldova sells more than it buys from America because American stuff is expensive and Moldova can't afford to buy American goods so it gets hit with "reciprocal" tariffs on it's exports.
I read somewhere that the theory is countries that don't purchase ad much from the us as the us buys from said country got more tarrifs because in trumps mind they're losing money.
It's not a theory, they published the formula, that's just straight up what it is.
Reporters could recreate the entire list exactly by asking ChatGPT/Grok/Claude/Gemini what would be an easy way to tariff other nations.
The tariff % is simply the US trade deficit with that country divided by imports from it.https://www.theverge.com/news/642620/trump-tariffs-formula-ai-chatgpt-gemini-claude-grok
Switzerland was so proud of avoiding the face eating leopard for so long. But the leopard found out how delectable Swiss faces are.
Idiot opportunists still haven't learned there are no opportunities with fascists like Trump. Fucking idiots.
Do you think they meant for this to look like a scorpion about to fuck shit up
10% is the default, no? Does that not include Russia? Not that there should be any trading at the moment.
Russia is not on the list. The bare minimum is 10% from the list. Also the whole list from BBC
Edit: holy fuck i didn't see that there are 4 pages of that list. . .
Mexico, Canada, Russia and Belarus missing from the list
Mexico and Canada have agreements already.
The trump org said that Russia and Belarus are embargo anyway so no trading with them is why they were not there.
It's clear who Trump works for.
Does this mean Russia doesn't get any tariffs at all? Also, why higher tariffs for Switzerland than the EU, but lower for the UK?
It seems like they have, generally speaking, made up the numbers by dividing the total value of imports vs exports with that country. So if the USA imports $200,000,000 of stuff from Switzerland and exports $100,000,000, they're saying that that means Switzerland has 50% effective tariffs against America (no, this does not make any goddamn sense, but it appears to be what they're doing), and then "reciprocating" with half of that number, so 25% tariffs on Switzerland. 10% is the floor which they're applying no matter what... except for on Russia, apparently
The UK presumably imports more American stuff, proportionate to exports, than the EU does
Russia is sanctioned (for now at least). For UK and other countries, probably they played some games on closed doors, during the white house visiting. We will see, i don't gonna be surprised if UK buys military equipment from USA (or more that they were planning of).
He really has it in for Lichtenstein
Really makes your teeth hurt. Probably due to a lack of dentist drills, most of which are made in Liechtenstein.
They have quite a lot of industry, e.g. Hilti and Thyssen Krupp Steering.