this post was submitted on 02 Apr 2025
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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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[–] pyre@lemmy.world 83 points 2 days ago* (last edited 2 days ago) (6 children)

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 49 points 2 days ago (1 children)

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.

[–] andros_rex@lemmy.world 13 points 1 day ago* (last edited 1 day ago)

Also intentionally crashing the economy to hurt political enemies and cause civil unrest (mass government firings = lots of educated qualified people out of work, also drives down wages of other educated qualified people). Techo-fascist corporate cities and Gilead don’t need a Dow Jones index.

[–] The_Caretaker@lemm.ee 16 points 1 day ago (2 children)

The overabundance doesn't just vanish. When the poor have less, the wealthy have more. There may be more homeless people fighting over food but the billionaires will be able to get a fleet of yachts.

[–] Initiateofthevoid@lemmy.dbzer0.com 6 points 1 day ago* (last edited 1 day ago) (1 children)

This is really not true. The wealthy aren't playing 4D chess with the economy, they are just as short-sighted behind closed doors. The Great Depression fucked a lot of wealthy people up and turned the entire nation against them. It can happen again.

Edit - and for the record, the abundance does vanish in a depression scenario. Factories shut down, productivity collapses. The world will literally extract, refine, process, and build less of everything. You can't build a fleet of yachts without a functioning economy.

[–] Jamini@lemmy.zip 2 points 1 day ago

The Great Depression fucked a lot of wealthy people up and turned the entire nation against them. It can happen again.

One might argue it already is happening. Right now. In real time.

Be safe.

[–] CileTheSane@lemmy.ca 1 points 1 day ago

Just like how a rising tide raises all boats, a sinking ship takes everyone down with it. The billionaires think being on the life rafts will make them more wealthy compared to those that are sinking.

[–] PonyOfWar@pawb.social 18 points 2 days ago

It will have an effect on other countries, but fuck up the US economy the worst. Other countries have the benefit of having 190+ other countries to do trade with. Over the next few years, they will increasingly go for alternatives to whatever they've previously traded with the US. Thanks to the stable genius, the US will permanently be left poorer, while other countries will soon have economic growth again.

[–] javiwhite@feddit.uk 9 points 1 day ago* (last edited 1 day ago) (1 children)

Most of the kit that is made in US uses parts distributed by other countries... So even domestic sales of US created products are likely to be impacted. Gotta give it to Krasnov, he's doing a bloody good job at the task he's been set.

[–] Corkyskog@sh.itjust.works 8 points 1 day ago

Could you imagine if Biden declared what essentially amounts to a 10% sales tax?

[–] lepinkainen@lemmy.world 14 points 2 days ago (1 children)

He is gambling on the fact that Us economy can hold off longer than other countries and they’ll cave

It’s like two people holding their breath bad for both but neither wants to lose

[–] uienia@lemmy.world 9 points 1 day ago (1 children)
[–] lepinkainen@lemmy.world 1 points 1 day ago (1 children)

Tariffs. Donald wants other countries to have less tariffs on American products

[–] Riprif@lemmy.world 13 points 1 day ago (1 children)

Those numbers on his poster are made up and don't reflect actual tariffs that exist and can be cut.

[–] lepinkainen@lemmy.world 7 points 1 day ago

Yep, they just took the trade deficit to each country and turned it into a tariff 😆

[–] Bytemeister@lemmy.world 2 points 1 day ago

Oh no. We produce stuff. The best weapons for killing people are made here.