this post was submitted on 03 Feb 2025
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politics

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Summary

Trump’s new tariffs on Canada, Mexico, and China sparked backlash from business groups, economists, and some Republicans, who warn of rising prices and economic disruption.

The tariffs—25% on Canadian and Mexican imports and 10% on Chinese goods—prompted retaliatory measures from Canada and Mexico.

Critics, including the US Chamber of Commerce, call them a tax on American consumers. Economists estimate a $200 billion hit to the US economy, with inflation rising.

Trump defended the move, even suggesting Canada should become the US’s “51st state.”

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[–] FoxyFerengi@lemm.ee 81 points 10 hours ago (2 children)

He just announced he's going to put tariffs on the EU, and said maybe the UK unless they want to make a deal.

This is so mind-numbingly stupid

[–] TheEighthDoctor@lemmy.zip 9 points 5 hours ago

Almost as if the foreign country that helped him win both times has an interest in a weak US economy.

[–] DigitalNirvana@lemm.ee 53 points 10 hours ago (1 children)

It’s only stupid if one wishes to see the US prosper. Clearly that’s not the plan they are operating from.

[–] bassomitron@lemmy.world 53 points 10 hours ago* (last edited 10 hours ago) (1 children)

Dude, this is what's driving me crazy. He. Does. Not. Care. Putin, China, and Co. all want NATO weakened. And a crippled US that has pissed off all its allies means a severely weakened NATO. It is abundantly clear from allllll the evidence presented over the last 15+ years that Trump is a fucking foreign asset. And the administration that's bolstering him up this time around are a combination of foreign assets and religious fanatics that are too caught up in their own cult to realize they're being used to destroy the US, rather than rebuild it in some glorious Christofascist New Gilead wonderland that they envision.

It's so disgustingly obvious, especially the insanity that Elon Fuckrat is pulling. And if you go in any conservative forum, they're just full steam ahead with the final downfall of US democracy, accusing all liberals of being melodramatic and cultivating conspiracy theories. They actually condone Elon forcing his way into government agencies and hooking up illegal servers to hijack the Federal Government's primary payment distribution system, which in turn gives him the ability to stop payments on virtually everything the government pays for. He can literally cease all payments, including paying interest on our national debt, which could cripple the entire global economy due to the USD being the primary trade currency.

Fuck, man. I've been spiraling all week, it's brutal to experience totalitarianism happening in real-time and seeing only a fraction of the population give a shit.

[–] jimjam5@lemmy.world 6 points 7 hours ago (1 children)

I couldn’t have articulated this quite as well as you but my friends laughed me off when I said to them that a foreign country/power is almost certainly pulling the strings and taking over the US. Granted they are no fans of führer musk or his pal trump, but you can bet I’ll be reiterating this point the next time I speak with them, doing my best to mask my “I told you so” tone (yes I’m petty).

[–] bassomitron@lemmy.world 1 points 1 hour ago* (last edited 1 hour ago)

Also, don't forget that if the USD collapses along with the US itself, that BRIC (Brazil, Russia, Iran, China, etc) have been wanting the world to stop using the USD as trade currency for ages. It is no secret that the MAIN reason the US is still such a powerhouse is because of our stranglehold on the global economy. And the onnnnly way you can change that in the short term, is by destroying the US, it's global credibility, and its economic stability.

Elon has always been a conman along with Trump, and the rest of the oligarchy have bent the knee to accepting crypto as a, "viable alternative to fiat." BRIC setting these traitors up with lots of wealth using semi-anonymous crypto (who's going the investigate it anyways, all the high tier LE agencies he just gutted) as a means to transfer funds away from the public eye. They don't even need the USD to transfer the vast wealth.

As a sidenote: The main reason I think Elon is doing this, is because Tesla will probably fail in the next few years, collapsing his wealth foundation. Its stock value has been grossly overvalued for years (at one point it was valued more than all the other car manufacturers in the world that produce and sell 100x more vehicles than Tesla could ever hope to accomplish). Another possibility could be that he has been trying to rapidly expand Tesla's manufacturing capabilities, he needs access to a fuckton of lithium for batteries, along with other metals such as cobalt for electronics. Luckily, China has made lots of headway in Africa (e.g. see the ongoing conflict in the Congo where the US is supporting one side and China the other) and central Asia where there are massive rare earth metals deposits.

The last possibility is just simply because he's mad and wants to make us all suffer. It really could be that simple.

Bah, sorry for rambling. It's all painfully clear, just pay at least some moderate attention to world news and look at what each country's geopolitical advocacy has been for the last 10+ years and the signs are all there.