US to implement 104% tariff on China as Trump-imposed deadline passes
Trump discusses ‘major’ tariffs on pharma imports at Republican dinner – as it happened
Putting idiots in charge is certainly one of the leading causes of war in human history.
Tom Clancy was far too elaborate
Wish he was still alive, everyday would be a WTF Day for him.
This is terrifying. Americans are running headfirst into the Greatest Depression, except this time they are the Nazis and they have enough nukes to eradicate life on Earth.
And their political discourse oscillates between "serves us right" and "yes daddy". Republicans are complicit and literally everyone else will refuse to resort to political violence or disobedience even as Trump orders nukes to be fired at whoever he's mad at that week.
"In 2024, China was the top supplier of goods to the United States, accounting for 16.5 percent of total goods imports. U.S. goods imports from China totaled $438.9 billion."
lol that would be hilarious to see. If he manages to piss Mexico and Canada too (same numbers), the USA will import nothing in the next few years.
Yeah, our economy will collapse and we'll all be waiting in bread lines. Can't wait.
Fat orange fuck will still be golfing and calling you a sad loser.
There won't be much bread to wait for. The billionaires won't finance it, and the government won't have the resources anymore.
I'm growing my own food in the backyard, should be ready to eat by August!
American made bread lines power by beautiful clean coal.
You won't starve to death. don't worry.
the USA will import nothing in the next few years.
I don't think its going to take very long for tariffs to bite American consumers. A month ago I bought a $1000 technology item that is manufactured in China. I see that same item's price has raised to $1200 in the last week or so. This was an item ordered from online, so its possible they didn't have a large inventory onshore in the USA.
There are bricks and mortar retailers that have weeks or months of inventory warehoused in the USA just as part of their normal supply chain. However without replenishment, popular items will sell out and simply not be stocked again because the tariff affected margins will price out consumers for many of those goods. I'd say if these tariffs stay as they are (or get worse) our retailers are going to have lots of empty shelves in 3 months.
He’s already pissed off Mexico and Canada. He’s pissed off most of the world.
It's about to get absolutely stupid. Like I know everyone thinks things are bonkers now, but up until this week vendors I work with, that supply electronic equipment either partially or entirely manufactured in China, were still honoring quotes created weeks ago. This week we're being told that quotes we've had in the works for weeks or months are now likely going to be pulled and not honored, and that was BEFORE this additional increase. We're talking large spend that's likely going to be delayed indefinitely, which will almost certainly shrink the entire GDP and cause mass layoffs, and we'll be in a depression before we know it. I wish I was being hyperbolic, but I'm watching multi million dollar spends planned for the better part of a year evaporate because quotes won't be honored.
USA turning into Cuba
USA turning itself into Cuba.
It takes a next level pants on head stupid to do this to yourself unprompted.
It's not impossible though. It's like every country opened their eyes and said fuck it because Trump makes no exception in hating everyone.
I only know the USA from movies and TV, and the USA always got a free pass because they ruled the world, they are number 1, they have the best quality of life, and a lot of other lies that we kept telling ourselves because they were the good big brother that was, until recently, relatively "smart."
But Trump pissed every country on earth at the same time, and it's like we realized we were wrong since the 80s about everything that happened in and out of the USA.
It's good for me because we will be more self reliant without this erratic big brother. It's very bad because Russia won't be affected, Americans will be poorer, and China seems now to be the most "reliable" super power that can still make and sell everything. But countries getting back some of their Independence is always a nice thing. Millions will suffer though.
Besides Oil, USA doesn't actually need a lot of imports (and I'm not rly sure how much imported oil they actually need if allowing for a slight increase in energy cost). Today the US relies on imports cause it managed to outsource all possible labor-intensive tasks to whom now are now the manufacturers, but getting those industries back to being made locally shouldn't take more than say, 5 years. US just imports these things because they're cheaper to make that way, but has everything except as-cheap labor to make them (including the know-how).
If this maneuver is successful, it would likely be very good for US working class.
This is not a trump endorsement btw. It's just good socioeconomic strategy to bring industry back to national territory.
Edit: To those of you who are downvoting me (i.e. everyone), don't worry. I still love you. <3.
Edit 2: I think this is my all time most downvoted comment of all time! I don't know what to say.... I'd like to thank my autism and lack of rewarding life experiences. Hi, mom! :D
Random Google search:
getting those industries back to being made locally shouldn’t take more than say, 5 years
You missed a 0 here, I certainly don't expect any country to create millions of jobs in 5 years.
US just imports these things because they’re cheaper to make that way
People buy because it's cheaper. And we import because we can't make them. But even if we could (which we can't), their prices would triple while you wait for people to be trained and factories to be built.
it would likely be very good for US working class
Doubling or tripling the prices will be very bad for all the classes except millionaires.
One last quote: "Donald Trump's Atlantic City casinos have undergone four bankruptcies." He has no strategy, he's officially a fucking idiot. Even I without any knowledge wouldn't be able to fuck up a casino that bad.
Besides Oil, USA doesn’t actually need a lot of imports
Just to remind you: how many screws and nails are made in USA? How many electronic parts - not the devices themselves, but the itsy bitsy things on the mainboards like resistors and capacitors - are made in USA? How many of the basic chemicals needed to make pharmaceutical and other chemical products are still made in the USA?
The truth is: NEARLY NONE.
If this was a targeted tariffs at something we specifically used to be good at, for example cars, and it came with price controls for the internal market, you might have a point.
As it stands a broad global tariff will not shift manufacturing "back" to the US it will simply serve to further monopolize the economy further.
US working class is not going to get any benefit of this assuming that US is able to bring the manufacturing back. The robots are more cost effective than paying US working wage in many cases. They are going to automate the factories.
Now coming to bringing back manufacturing, the carrot approach usually works better. Its possible to move some part of critical infrastructure back. Example is semi conductor chips. What tariffs do is opposite. Tariffs forces countries to move supply chain away from US and eventually moving away from US dollar as reserve. Now normally this would result in a war. The problem is US cant go to a war with China. There are 3 nuclear countries in that region. SEA wont even help US against China. Same goes for India and Russia. Its not afghanistan anymore. US loses its bases in entirety of Asia as a result of this and dollar will be thrown out of the equation.
He doesn't realize that this is a war that can't win, right?
Maybe all China has to do is to threaten to kick out Tesla and give their gigafactory to byd. The real president is going to be really angry with the sockpuppet
I hope China claps back with an even higher percentage. See who folds first: the orange trash bag with a country full of people whining that they can't get their cheap Shein and Teemu slop anymore or the country that trade in mass volumes with the entire world and can probably easily trade anything bound for the US to other countries instead.
He doesn’t realize that this is a war that can’t win, right?
He was never smart enough for that.
Let's all unite together as one and put 1000% on America. This is the guy most Americans found best suited to steer the country!
no we didn't. they used anti voter legislation strategically planned over decades to eliminate voters. they are still doing this, just look into the SAVE act which will require people to now have their birth certificate or passport to vote... these if course are not common documents here as you have to pay for both, they can be pricey and time consuming to get.
There’s no way this could go wrong twice, so what the heck, put it all on the green 00.
Trump really doesn't get it does he?
Like powerful people have been assassinated for less
Much less
Bezos has the Jackal on this shit, beliedat.
Popcorn-time! Oh, no, that shit is American. Beer and sausages time!
I am ready to watch a disaster movie.
Nah, we have popcorn corn in Europe, too.
That doomsday clock is a lot more quiet than I expected it to be.
Hopefully they slap back with and then the EU responds is quick to respond to this recent April tariffs. Slap tariffs on US services
$2B/day huh?
So $7T wiped out of Americans savings will only take 3500 days to pay back. I guess they'll be writing cheques then?