Here it is, our big unifying moment.
Here it is, our big unifying moment.
159 comments
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Time to act like China and not bend to him.
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China's strategy worked great, just counter any announced tarrif with an equal reciprocal tarrif and he'll back off eventually. I wonder if we have more or less to loose than China had.
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No, blind retaliatory tariffs would be stupid. When someone is punching themselves in the face, the correct thing to do is not to also punch yourself in the face.
Tariffs have 3 effects:
- The buyer pays more.
- Because the buyer pays more, the seller makes fewer sales.
- The government collects tariff tax revenue.
Whichever way the tariff goes, export or import, it will negatively affect that nation's people. An import tariff, like this, would negatively affect local consumers. An export tariff (eg Canada tariffing electricity exports to the US) would negatively affect local businesses through lost sales (the genius with Canada is the US can't stop buying electricity, so sales local sales would stay the same).
The only way a tariff makes sense for a country is if the tariff tax revenue is reinvested into the local economy. For example, if you tariff imports, you should use that revenue to incentivise local businesses to grow to replace that import.
Trump is not doing that. He's just collecting tax money from American people. He's almost certainly going to spaff that away on some scam, probably crypto, and basically bankrupt the American taxpayer and fuck up everyone's livelihoods.
EU countries should not copy Trump and blanket tax their citizens for American imports. If the EU were to implement tariffs (and I argue this isn't necessary or worthwhile), they should only be done with a plan to reinvest, such that there is a net benefit. Blunt tariffs with no plan will almost certainly have a net negative effect.
China is like Trump, in that neither of them care much about the negative effects on their people. That's why China went hard with retaliatory tariffs. The EU does not need to emulate that behaviour.
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They're also throwing out the Windows Garbage out of government and critical systems and switching to Linux, and want to audit the sources for the remaining systems
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I say do nothing, as per another reply I made ITT.
Just because Trump hurts Americans with his beloved increased taxes—i.e. increased tariffs—doesn't mean we should hurt our own people with the same. The MAGAts might enjoy that sort of masochism, but we don't.
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Forget physical goods, hit us where it really hurts. Use the intellectual property clause, and start cracking down on Big Tech.
The US makes all its money with power projection through its services, so fuck them up. Please.
And for heavens sake, Europe would be healthier with a little less Twitter and fewer fees payed to the US.
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I believe the economics agree, but the diplomats don't. I am hoping the economics are the reason the eu is taking their time to respond.
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We don't hurt our own people. Europeans shouldn't be buying US groceries anyway, there's no need to.
The only thing that is largely inescapable is software, and that mostly affects businesses anyway. The USians will hurt way more.
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The responses are usually surgical. Last time EU also targeted Republican voting states with Sanctions
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It seems ignoring him hurts his pride the most. No real response is needed anyway. EU has the whole process ready. Just take the map marked "Trump tariff", look in the index for 50%-75% and start from there. Probably the first step is a wait period for when he charges his mind yet again.
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I think this is a good idea. Trumps just fishing for a reason to backdown on Ukraine weapons deal. If this does nothing he will find another way.
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Thank you, this is something I've been screaming from the rooftops.
Trump doesn't care about the American people who will pay his tariffs. China doesn't care about Chinese people paying their tariffs on US goods (although there are probably fewer US imports to China anyway). The EU does care about its people, and shouldn't tax them with tariffs.
Tariffs only work if you can prevent the local harm (eg Canada were going to tax electricity exports, the US can't stop buying electricity so Canadian businesses wouldn't lose sales) or to at least have a plan beforehand to reinvest in local businesses that can replace the imported good.
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He'll back down. He's always backing down.
Must be some sort of adrenaline rush or something, threating big players. Then it wears off and everyone tries to explain he's being an idiot and eventually he backs down.
Edit: Don't forget the tariffs are paid for by
usUS consumers.-
As a Canadian, a little part of me wants him to increase the tariffs even more, to 100%, 200%, 300%, maybe more.
I want the lessons that Trump-voters are currently being taught, by the free market, to be as unambiguous as possible.
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He did that temporarily with tariffs on China. Tariffs over 60% are essentially a trade embargo since thats a cost that's too rich for companies to eat and would make imports too cost prohibitive to meaningfully compete with domestic alternatives.
Any tariff that high is a bluff. Essentially all his tariffs are a bluff, a type of 'worst case scenario', so that when he strikes a 'deal' (no matter how meaningless), he can declare victory. He's a TV personality. Its all for show.
The working class in the US is in for some real pain. Its too bad that so many of them voted for this.
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The announcements cause predictable stock market jumps that his sycophants can take advantage of over and over again
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One example, Germany's stock market has been particularly strong this year, supported by fiscal policy but also in part by an increase in exports due to US retailers stockpiling German goods to avoid tariffs.
Today's report showed the economy grew double what was expected and initially the DAX went up significantly in response to that news, but it actually ended the day at a loss because of Trumps announcement.
Trump tanks stocks by announcing tariffs, advises his cronies to 'buy the dip' then once a deal is made there's a rush to buy causing a large jump in value, which maximizing profits.
He then advises his insiders when the next fiscally restrictive announcement will come so that they can sell before values tank again.
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This is retaliation for sanctioning Russia. He will back down once the wall street start sitting their pants about interest rate increasing for Treasury bills.
He bankrupted 4 casinos, so he can bankrupt a country.
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Insider trading. It's about the money his buddies and him can make, when he declares a "pause" and the stocks go back up. It's frustratingly simple...
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Trump seems to think Apple will pay his 25% tarrif and not pass it on to consumers. lol Really makes you wonder, doesn’t it?
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He probably doesn't truly expect them to keep prices the same. He will probably complain, but not do anything because he doesn't really give a fuck about the consumers who worry about little things like tech prices.
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Tim Apple better do what the god emperor wants, or else!
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I’m pretty sure that they’re going to let consumers worldwide pay for it, though. That means that the price increase will be lower than expected for American consumers, subsidized by the rest of the world. Of course I’m not just talking about Apple here.
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I’m surprised Europe isn’t already boycotting all American products, im Canadian and I’ve actually saved money avoiding their stuff and finding either a local alternative or just going without. Most of the stuff we get from the US is junk food or sugary crap so it’s actually good to avoid them
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The EU never really had much in terms of American products, ie food stuffs. The kind of American products the EU has is primarily internet services where there aren't always alternatives (or at least ones that are as polished as the big US ones). Then there's the fact that most people don't even consider a lot of things as American - WhatsApp isn't even recognised as owned by Mark Zuckerberg and Facebook/Meta, for example, for many people in spite of it being overwhelmingly the most popular messaging app in many countries.
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Pretty much this. When this hole thing started I swore I'd never buy an American product again, but I quickly realized I didn't buy much of it anyways... The only American food/drink that we have is junk food and soft drinks, i.e. stuff that's easy to avoid or replace
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I've definitely been doing it, but it's pretty hard to avoid US tech (both software and hardware). I can easily not buy bourbon or Heinz Ketchup, but not using commercial operating systems (I use linux, but y'know) or x86 CPU is kind of hard. Also, rightwingers see no reason to boycott Trump's US and we've got a bit of a problem with rightwing parties in most european countries.
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We are. Some transitions take longer, but food was the easiest. European food is superior anyways.
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Trump and his friends are making billions off manipulating the stock market by this mechanism.
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How much should I bet this time that trump will removed out
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He just literally doesn't give a shit if he is fucking everything up and he's too stupid to do the right thing.
The strategy: Put in some shorts, announce Tarrifs, rake in the cash. Buy an obscene amount of stock on margin, announce a reduction in tariffs, rake in the cash.
The next day: Have Charles Schwab on TV with you to announce how your illegal market manipulation and insider trading have earned the man billions in a day. Every dollar of which was stolen from the retirement of the working class.
I live in a sea of selfish, undereducated, self-sabotaging, brainwashed Americans who are dumb as fuck.
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Do it. Please. The people need more negative press about the US. It hasn't reach enough people in the EU yet.
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Hasn't reached enough people in the US, but it will
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Perhaps, as a Canadian, stuff from Europe (and Asia, and Latin America) might go down a bit.
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A lot of companies are unfortunately talking about raising prices globally so Trump doesn't retaliate against them.
So the whole world is paying his stupid tariffs.
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Been a while since econ 101 but I think tariffs are calculated as a cost of production shifting the supply curve to the left and also decreasing demand which shifts the demand curve to the left as well which should result in a nearly net zero impact for the company itself.
Anecdotally, avocado prices have plummeted in Canada due to American demand "decreasing" resulting in excess supply.
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Not if we already don't buy American.
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Have you ever seen such a schlubby looking President? Like his arms are down, shoulders as down as far they can be. Of course he's not doing the accordion hands thing which is sort of a plus for him. That suit looks like off the rack too, I bet he gets them tailored that way heh. He sort of looks like he's giving an 8th grade presentation for his class.
I will say it's highly probable this picture was chosen for those attributes, but it's not like his content or speaking skills would make it better than what is captured in an image. So I'm guessing the image captures the essence of the speech.
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His ties are awful too. Why the fuck you want ties that are sooooo long? They look like a cartoon tie or something a clown would wear
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Trying to disguise a paunch, and maybe look taller.
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its to hide his gut, and his neckgina.
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I'm certain this was agreed upon in the recent phone conversation between Trump and punting Putin
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At last, the big unifying moment when we'll stop scrolling through memes and DO something. Yessir, I can feel it! Yep, any second now...
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WYM do something?
If you're European or anywhere else watching this clown expediating the demise of the US you need to do absolutely nothing and let him carry on.
If you're in the US IDC. They all deserve what they get, they did nothing about that horrible country when it was trying to be the hegemon and harrassing the rest of the word since they profited and were fine with it.
Now they get a taste of their own medicine they complain but that's about it, they are weak and incapable of real resistance.-
The shit storm in the US is going to overflow.
There's plenty of blame to go around, but we all do better when we all do better.
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Do what exactly? Seems to me like EU leaders are working overtime behind the curtains. Better than also introducing stupid tariffs. Don't fight stupid with stupid.
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So? Did you do something? It's been over 6 hours.
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Fuck yes! I want to stand united against fascism and imperialis!
A united European Army to defend against Russia, China and the US!
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United European army Against imperialists
Pick one.
The fascism is already here, the member states are just as susceptible to it. Fight in your own country against the fascists, or the fascists take your United European army for imperialist means.
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...you think China is going to invade Europe?
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Don’t worry everyone. Once he and his cronies line their pockets, it’ll get reversed. It’s okay.
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Western Europe should flood etsy with kickass stuff at really great prices to share and be cool to each other but then marks all sales as EU only. Use the US globalization as a way to squarely taunt the US digital bourgeoisie.
sorry! no, thank you! come again!
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I like your idea, but the bourgeoisie aren't shopping on Etsy. Etsy shoppers are regular folk with very little political power (on their own).
What your idea might do is piss off the Etsy shoppers who voted for him, and to that I say: every little bit helps.
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Unfortunately, it wouldn't be more than a symbolic middlefinger, because intra-EU sales are very difficult for private citizens due to how expensive it is to ship from one EU country to another. This is based on shipping prices as displayed on Ebay if you want to have something from e.g. Italy or Austria shipped to Germany a couple of years ago, but I doubt it got any better.
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all middle fingers are symbolic
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That kind of dunking is less globalization and more globe trotters.
(Do they still have those?)
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Pig trotters? Yeah, last I checked Walmart still sells them in glass jars for your viewing pleasure
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Great we can keep our good food and wines at lower prices.
It would be pearls before swines if they go to the US.-
Like a dog listening to classical music.
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OMG IT'S DIZZY!
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Good food and wines before swines* /s
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Please do
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Canadians appreciate your support when Trump announced tariffs against us so you will be able to count on Canadians supporting you.
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☝️ one percent for ☝️
✋⬅️every state in our➡️✋
👍great nation.👍
...
✋➡️absolutely⬅️✋
✋⬅️beautiful➡️✋
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there probably is some stuff that the eu makes that the us doesn't.
If he tarriffs those, we should not replg by imposing tarriffs of our own (cutting our own balls off). We should just start increasing our prices for those products, therefore increasing their tarriffs
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Isnt the company that makes the ultra precise lithography machines used by tnmc Dutch. Should sell them to Tue Chinese
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Who would sell them? No sane corpo would shoot themselves in the foot like that.
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And shoot ourselves in the foot while we're at it
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It is.
But why not just keep it and get the tech used at home? You don't sell a valuable asset to an economic rival just to spite another economic rival. What you do is you cling on to every technological advantage you have in the market place and capitalise on it as much as you can.
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give away our advantages?
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an export tariff to fight their import tariff? that's one way of saying we dgaf about your tariffs I suppose. And if they end up dropping the tariff because it's hurting them too much, well that'd be the ultimate humiliation.
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no not an export tarriff. That would mean we pay it.
You usually pay $1 for this item and now you're forcing your citizens to pay 150%? ok, from now on my prices have increased by 100% so now your citizens must pay even more
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They cut your gas and you're cooked tho.
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Get ready to sell those stocks, then buy again after, before rescinds again.
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USEXIT!!!!
...oh... wait
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I'd vote for it if I could though
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G9j8. IIHj7 me b t. My ____7 Z6Y359~~ 7.e~~!I'm _l_tot9 to 4g4K52!..I Ib Ihr . U!> Ktt
4rr5
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Hey that's my monitor's model number
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Yeah you can tell by the way it is.
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Indeed
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That's pretty neat
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My sentiments exactly
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True that
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It's an older code, but it checks out.
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Bring...... It...... On. While you're at it Trump, build the wall around the whole USA
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This is good for the economy.
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Not my Ikea!!!!
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Who y'all kidding, y'all know the EU will buckle up the next day.
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Ok boomer
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Parts of the device you are using right now to read this were built by machines that are only produced in the EU. They are maintained by service contracts between Asian and European companies, which subjects them to tariffs. The next device you buy will probably be substantially more expensive than the previous one you bought because of that, regardless of whether or not it was made domestically. Supply chains are way too complex to say you don't get anything from somewhere. That's just one example.
Besides this is just Trump's playbook. Make an maximalist threat, walk it back, claim victory. He's in step one, by the end of June tariffs will be delayed indefinitely.
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U mean ulv equipment? They'll be forced to sell that
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159 comments