Live updates: Trump announces sweeping tariffs

bamboozle them with bullshit

The following quote from ChrisO_wiki on bsky

"@chriso-wiki.bsky.social Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us." Just about sums it up.

No, it's half the tariff those countries place on American goods. Or so he claims. I have no idea where those numbers come from.

Play stupid games and win stupid prices.

He is playing Vlad Putin 8D Chess, not Donald Trump 1D Checkers. https://lemmy.world/post/27627662/16165977 This was all planned in 2013.

Introduction to the Kremlin media techniques of year 2014

1. Peter Pomerantsev September 9, 2014: Russia and the Menace of Unreality. How Vladimir Putin is revolutionizing information warfare
2. Adam Curtis, BBC, December 31, 2014: On The "Contradictory Vaudeville" Of Post-Modern Politics - "What this film is going to suggest is that that defeatist response has become a central part of a new system of political control. And to understand how this is happening, you have to look to Russia, to a man called Vladislav Surkov, who is a hero of our time. Surkov is one of President Putin's advisers, and has helped him maintain his power for 15 years, but he has done it in a very new way."
3. Book reading from December 5, 2014 on the subject by Peter Pomerantsev

China and Vietnam are producing a lot of the low cost every day items people use. It's going to hit the lower income people the hardest. Thank goodness I'm in Canada.

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

What is looking like more of an idiot than he already does going to accomplish? He's the most idiotic politician in living memory, by far, and there are some absolutely colossal morons on that list. The people who haven't figured that out are never going to. They will be praising him until the day they die.

It isn't quite that easy.

The US is a MASSIVE part of basically every luxury industry and isn't insignificant in many others. So while alternate trading partners can be found to handle stuff like lumber, plenty of industries are going to be hit real hard and not have alternative customers. And they aren't going to just want to lower their profits for national pride.

But yeah. I REALLY hope trump is just actively destroying the US either in the name of putin or just out of anger and spite over not winning in 2020. Because the alternative is that we are all going to suffer so fucking much because that piece of shit doesn't understand what tariffs are.

The effects of widespread tariffs is well known.

You will lose industry that makes high added-value products, and increase the production of products with low added-value. (Most people call this "deindustrialization".)

Tariffs mostly don't impact the overall trade balance, so there's no reason to expect that one to change.

The glue eating rageaholic is doing the opposite of this. He's going to tarrif farming EXPORTS from the US.

Never in our history has america had such a stupid president.

If we actually want manufacturing in the U.S., give companies incentives to do business here

Like the CHIPS act? The EV and related items? Infrastructure? High speed rail (most of which has a made in us requirement)? What happened to those again?

Russia and North Korea.

It's official. We are the baddies now.

I think you're reading too much into that.

They're either under "Rest of world" like the EU, or the US doesn't import anything from it, which as it's under sanctions, it shouldn't - nor export to.

Trump will be remembered as the most influential US President.

But like, could I come visit if I need to seek asylum? That would be different than tourism, right? I'm not really happy or comfortable with the situation here, nor have my efforts been able to change other people's views (e.g. make them think about consequences).

I'm an American, and I endorse this message.

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.

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.

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

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.

How much do I have to make before my tax bill goes down?

FYI , HERE is the most up to date list (including Turkiye, Israel and some others)

He wants to use tariffs (which act like a flat-tax) to lower income tax on the rich. There's speculation he's also doing something like the "Mar-a-Lago Accord," which involves devaluing the dollar (causing inflation). If wages don't rise with the inflation (which they don't want), US labor will be more competitive, so people can work in factory jobs with pay analogous to current Chinese factory workers.

Some of the architects who helped win the second American civil war say yes:

Firstly, it is essential to squash the democratic myth that a state ‘belongs’ to the citizenry. The point of neo-cameralism is to buy out the real stakeholders in sovereign power, not to perpetuate sentimental lies about mass enfranchisement. Unless ownership of the state is formally transferred into the hands of its actual rulers, the neo-cameral transition will simply not take place, power will remain in the shadows, and the democratic farce will continue.

So, secondly, the ruling class must be plausibly identified. It should be noted immediately, in contradistinction to Marxist principles of social analysis, that this is not the ‘capitalist bourgeoisie’. Logically, it cannot be. The power of the business class is already clearly formalized, in monetary terms, so the identification of capital with political power is perfectly redundant. It is necessary to ask, rather, who do capitalists pay for political favors, how much these favors are potentially worth, and how the authority to grant them is distributed. This requires, with a minimum of moral irritation, that the entire social landscape of political bribery (‘lobbying’) is exactly mapped, and the administrative, legislative, judicial, media, and academic privileges accessed by such bribes are converted into fungible shares. Insofar as voters are worth bribing, there is no need to entirely exclude them from this calculation, although their portion of sovereignty will be estimated with appropriate derision. The conclusion of this exercise is the mapping of a ruling entity that is the truly dominant instance of the democratic polity. Moldbug calls it the Cathedral.

The formalization of political powers, thirdly, allows for the possibility of effective government. Once the universe of democratic corruption is converted into a (freely transferable) shareholding in gov-corp. the owners of the state can initiate rational corporate governance, beginning with the appointment of a CEO. As with any business, the interests of the state are now precisely formalized as the maximization of long-term shareholder value. There is no longer any need for residents (clients) to take any interest in politics whatsoever. In fact, to do so would be to exhibit semi-criminal proclivities. If gov-corp doesn’t deliver acceptable value for its taxes (sovereign rent), they can notify its customer service function, and if necessary take their custom elsewhere. Gov-corp would concentrate upon running an efficient, attractive, vital, clean, and secure country, of a kind that is able to draw customers. No voice, free exit.

He was inside you all along

30% seems pretty generous. Nevermind the complete collapse of trade and alliances we built over the past century, won't countries stop using the us dollar as the backing reserve? Which will likely set america on an even further downward trend, especially since the dollar isn't on the gold standard anymore?

I'm all for "it's benefitting the billionaires," and that's what tariffs do, but most of the ultra-wealthy's money is tied up in the market, too. It's more that this is a regressive tax to fund cuts to progressive taxes, fucking shit up is not the intent.

Some of the administration's actions really are them drinking their own Kool-aid. Like, what they've done to the HHS is objectively detrimental to the ultra-wealthy old guys too. There's some arguments to be had around tariffs, but implementing them Iike this is more on the kool-aid side.

Putting on my best swiss cheese brain, maybe they are treating it 'like a business' and trying to do debt to income ratio? So our deficit is the debt then they look at tariffs on the imported goods as the income.

Do you know if this holds for other countries too?

Americans will be paying the tariffs, not foreign companies.

I wish TSMC would open a factory in Europe.

Not only would it be very advantageous for the EU, it would sting like hell for the US.

With a balooning debt to gdp ratio, its gonna get unmanagable really fast , people are too stupid to elect another FDR and US' tech dominance gap will shrink or be outright gone.

Chinese millenia is coming if its not already here