"Liberation Day" Trump’s Tariffs on Europe
"Liberation Day" Trump’s Tariffs on Europe
cross-posted from: https://lemm.ee/post/60291330
kudos to s h i k o r a
edit: complete list is here (4 pages long)
44 comments
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Of course Russia's not included! Not obvious at all...
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Russian and North Korea and Iran are not on the list because people from the US cannot trade with them.
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Liberation from what? A functioning economy?
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The last remnants of a connection to reality.
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I think its liberation from the yoke of the American empire.
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hmm EU can move manufacturing to Ukraine.
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Or "launder" goods through there, like China did with Mexico and some other countries. Or the US did earlier in its colonial history.
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The countries with the lowest tariffs will become connector economies. Whether governments want it or not, there is just too much profit to be made.
This is why Trump is specifically targeting those countries, but then other countries will take their place.
And the end game is, Trump can succeed, but not without a global recession and much higher prices for Americans.
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hmm EU can move manufacturing to Ukraine.
There's the slight inconvenience of Russian bombs, though
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It is also a business opportunity for companies making air defense systems.
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I literally dont understand what they are doing. Sometimes trumps decisions seem truly random. Why did they put tarrifs on israel? Arent they huge zionism fans?
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It's all done with a crude metric - half the current "tariffs" on American goods to a minimum of 10%.
Russia are, presumably, not on the list because they are sanctioned and there is no trade.
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there is no trade.
But there is and what's remaining in trade is exempt from Trump's tariffs because of him being a Putin fanboy.
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I literally dont understand what they are doing.
Lol. Did you still expect to?
Anyway, they clearly have no idea what they are doing. Absolutely no idea. But this one seems to be calculated by an academic that used an impersonal objective formula that he expects to zero the trade deficit.
Somehow, it's one of the economists that don't know that tariffs don't have a direct impact on the total trade deficit. Probably, an "economist", but I didn't check.
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It requires things you intuitively gain in preschool if you have any empathy. If you lack that, you keep making these mistakes and running nations and companies and people into the ground unless someone stops you
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Because America has a trade deficit with them. If a country exports more to America than they import back then Trump sees that as losing. He can't understand the situation any other way. He sees all deals as a power balance and the one who gets more money is the winner. All these seemingly random ass tariff rates are designed to erase any trade deficits with brute force, because that's the only thing Trump understands.
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I know Trump is dumb. I know his administration is dumb. I still can't fathom that someone is this stupid. Does he really think all goods that are currently being imported will magically start being produced in the US, just because he puts import tax on them? I just can't wrap my head around someone being so incredibly naive so he either must be
- Actively trying to destroy the american economy, probably because Putin wants him to
- There is some other plan that we just don't see yet Or 3. He really is that stupid.
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Crash the economy so the rich can buy everything at cheaper prices
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Companies will be selectively opted out for dropping DEI and replacing it with a christofascism-approved alternative of pushing out everyone not christian, white, able-bodied, cishet, etc., all under the name of "faith protection" and "meritocracy".
Countries will likely be opted out if they stop "censoring big tech". (They should just kick them out altogether.)
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russia.. not on the list? who could have seen this coming except for everybody!
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As much as people have been mentioning the complete absence of tariffs for Russia, how has no one mentioned the massive ones for Switzerland? WTF did they do to piss off 47?
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Your mistake is that you assume there's a rational reason for the level of tariffs in the first place - they use a nonsense formula based on trade imbalance
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Whats up with serbia , bosnia and macedonia ... why 35+%
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A quirk of the deficit / imports formula they used. Small countries with relatively small trade balances with the US can hit pretty wild values.
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Fair point , i know they dont have a big trade with the us , and most of it is B2B, except services exports from us (netflix , youtube etc...)
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Isn't Russia sanctioned? Or has Trump gotten rid of that?
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tf North Macedonia and Bosnia do?😔✊️
44 comments