- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
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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Me, checking what the damage is: oh good, my European defence stocks went up 2 to 4 percent today while the American stocks are tanking, happy days!
Me, after thinking on it a bit longer: oh God, my European defence stocks went up while the world economy is taking a hit, better get ready for whatever’s coming
Putin’s bitch trying to further destabilize the world for daddy.
Trump clearly has some feelings about Vietnam. He used his “bone spurs” excuse to avoid being sent over there back in the day. Lmao
What a pussy
Been browsing the conservative subreddit this morning just to see what they all are thinking. There is a surprising number of “This is a terrible idea” comments but its also funny seeing a whole bunch of republicans who now suddenly like higher taxes, inflation and stock crashes.
Pls 100% world wide tax.
I like to go straight to the “Find Out” phase.
👀
(Remember, when the great depression happens, its our duty to eliminate nazis)
shit bruh, we could just start that process now and skip over the bread line bullshit.
With Nazis, it’s always the right time.
I don’t have a ton of “the court is wrong” opinions, but Article 1 section 8 of the Constitution flatly gives Congress the responsibility of regulating trade and imposing tariffs. The President just doesn’t (shouldn’t) have the authority to change rates. The executive needs to execute the will of the Legislative branch.
Congress is pretty much dead. Repubs have lost whatever was the last vertebrae they had in their spine
The default if Congress can’t pass legislation should be that legislation doesn’t happen.
I don’t think these are reciprocal. I think these are unilateral, and when countries respond, their tariffs will be reciprocal. The distinction is very important. This is a problem created by Trump, not by other countries. You don’t get to choose false language to describe it that shifts the blame.
Ironically crashing the economy is one of the best things you can do to slow down climate change
Wrong.
The best things you can do are invest in green energy and energy storage projects, create polices that cap (and actually punish) carbon emissions, upgrade to more efficient infrastructure… All things that take money, a functional government and a functional economy.
What we learned from COVID, is that crashing the economy does not really slow down climate change, it just hits the pause button for a little bit, and then it resumes at the same or greater speed.
Just a silly joke of course. Gallows humor. In order to combat climate change you’d have to re-design how we live and work and our economic system and reset existing wealth inequalities, re-design and rebuild thousands of industrial processes, and change multiple systems that are in place. For example you’d at least have to:
- Ban advertising to reduce desire/demand for consumption
- Ban patents (at least in the current form) so industrial processes can be re-designed and rebuild without roadblocks
- Nationalize news and social media and turn them into a cooperative under the control of the workers there
- Invest into R&D for circular economy and development and regulation for long lasting appliances and goods that last decades with repair and maintenance
Basically what we learned is that it’s practically impossible for humanity as a global civilization to stop climate change. Most people can’t even bear to think about the steps it would take.
Of course, developing the technology for a sustainable circular economy for the basic needs (food, energy, education, building shelters, communication etc) is still worthwhile.
pause buttons is all its about. emissions wont stop after energy generation is zero-emission. it just will be slower by a chunk (like 60%ish)
people will still breed cows/not turn vegan (up to 75% of total 20%ghg emissions) and mobility will also remain (lets just say by half without derailing too much - so half of total 20%ghg emissions)
Also theres studies on how we are kinda jet lagging in resulted heating and on how recordings of right before pre-industrial era levels also could be different, lower in total and therefore more extreme heating affecting tipping points.
so a pause like that would be great - because all we have left is time and smart people (although kinda marginalized nowadays and I dont really believe in the success of that in short term) we have crossed 1,5° and therefore are in tipping point cascade (which is irreversable) territory.
Sure, but he is just crashing Western economy as Russia is preparing to invade rest of Europe.
Did you happen to notice the one country not on the list?
Here I’ll give you a hint it’s name starts with an “R” and is run by a man who’s name starts with a “P” and is currently at war with a country that starts with a “U”…
Wait what?
President Paul Kagame of Rwanda declared war on Uganda?
/s
Nice
I knew I’d get the ol’ switch-a-roo comments. Please enjoy one internet point sir.
😒 , at least like put any effort forth if you’re going to steal a joke and make it shittier.
Sorry, I don’t want to be shitty, but I found his joke much better, because I understood and laughed right away without needing disclaimers, spoiler texts or to click any links, it was direct and to the point.
well the spoiler text really was just because I wanted to talk about Mbaye Diagne and you just have to hover over the links to get the joke. But I get it, different levels of humor appeal to different people. A lot easier to digest when it’s all just spelled out for ya and you don’t have to think any harder about it.
Lol, didn’t even click the links, I kinda assumed it was Russia-Ukraine and just googled “countries that start with R”
lol and I wonder why you had the idea and were inspired to play up the idea of “countries that start with R” after you just read two other comments doing the same thing.
https://www.youtube.com/watch?v=k1tsGGz-Qw0
This you? 😁
(But this just an internet comment, ain’t that deep, Mr. Peele 😉)
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Well technically R would fall under the category “rest of the world”, no?
Doesn’t the US already have full sanctions with Russia? So literally no trade is happening with them, so a tarrif would be pointless? Maybe I missed trump removing the sanctions at some point in his onslaught of nonsense.
Trade IS happening with Russia. Only specific companies and industries are sanctioned, everything else is business as usual.
Sounds like I stand corrected.
Penguins trade with the US?
I’m so sick of the bullshit misinformation that gets upvoted on this site. First, you demand tariffs on what equals to roughly 0.8% of our total imports. Second, there is no “war” currently going on between “R” and “U”. Also, I thought the “P” man ended the genocide against “R” citizens by taking power, I’m not a scholar though so link away with whatever truth burger you’re trying to peddle.
spoiler
/s definitely check links and facts before you get upset with words you don’t like lol
Ok but seriously, I gotta give a shout out to Mbaye Diagne. This is a serious bad-ass, I can’t state just how bad his ass really is. Like all the bullshit movies and books of fake and made up narratives and we have this motherfucker who walked the earth.
a Senegalese military officer who served in Rwanda as a United Nations military observer from 1993 to 1994. During the Rwandan genocide, he undertook many missions on his own initiative to save the lives of civilians. Various estimates exist for the number of lives Diagne saved, ranging as high as over 1,000.
After graduating from the University of Dakar, he enrolled in the Senegalese Army’s École Nationale des Officiers d’Active. He completed his schooling the following year and eventually attained the rank of captain. He was given command of the 3rd Company of the 6th Infantry Battalion and fought in the Casamance conflict from 1989 to 1993.
Hutu extremists initiated the Rwandan genocide, targeting members of the Tutsi ethnic minority. They murdered moderate Hutu Prime Minister Agathe Uwilingiyimana, and Diagne rescued her children and secured them safe passage out of the country. He then undertook numerous missions on his own around Kigali in violation of the UN’s rules of engagement, hiding Tutsis in his car and evacuating them to UN installations. He also protected some Hutus and worked to safeguard the Senegalese expatriate community.
Because he had to pass through dozens of checkpoints manned by Interahamwe tasked with killing Tutsis and moderate Hutus, Diagne ferried at most five people on each trip,[10] often taking them to the Hôtel des Mille Collines or Amahoro Stadium, both under UN guard, for safety.[14][10] In order to get past the checkpoints, he relied on his extensive contacts among the military and militias, his ability to defuse tense situations with quick jokes, and occasional bribes of cigarettes, money and—though he was a devout Muslim—alcohol.
In one instance, he stood between an armed Hutu priest and a woman the priest was about to execute, shouting “Why are you killing this woman? You must not do this because if you do the whole world will know,” and eventually convincing the priest to let her live.
Gregory Alex, the head of the UN Humanitarian Assistance Team in Rwanda gave an explanation as to why Diagne was not rebuked: “Here’s someone who stepped out of line and [the general is] not going to discipline him because he’s doing the right thing.”[15] BBC journalist Mark Doyle befriended Diagne and knew of his actions, but omitted mention of him in his news dispatches because he feared that the Rwandan government would learn of his rescues and try to stop him.
That was such a wonderful thing to run into after reading over the history of Rwanda and the Hutu and Tutsi people. Guess even during war and genocidal times you can still look for the helpers.
I see we have a dirty tankie in our midst.
Man is trolling about Rwanda and Uganda
Conveniently left Russia out. I wonder why.
Russia and North Korea.
It’s official. We are the baddies now.
If we can’t buy anythibg from North Korea, what would be tariffed?
I am not.
They are rest of the World. How dissrespectfull.
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.
UK is also 10% like the rest of world. Why was it mentioned seperately? It’s not like Russia is a small country.
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Like the EU?
Curious that Russia is missing
So that’s because the tariff was so high it reached 99% then reset to 0% because the system was coded by Elon.
Or you know, US are in the axis of evil now apparently.
Turntables and all that.
They get 10%.
GlObAL ReCESSioN
Can they fucking stop threatening us like we’re stupid children? Life has been getting more expensive worldwide for a decade and we all know now who is to blame.
I don’t fucking care about new toyota prices in the us, I want to buy potatoes in poland. Fuck off with your recessions and bullshit economies.
Can they fucking stop threatening us like we’re stupid children? Too be fair… The majority of those who voted are clearly stupid (not as stupid as a child though, a rock would be a better description) . So it’s fair game of them to make use of that statistic.
and we all know now who is to blame.
Central banks?
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.
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.
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 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.
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.
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.
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.
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.
Could you imagine if Biden declared what essentially amounts to a 10% sales tax?
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
Cave about what though?
Tariffs. Donald wants other countries to have less tariffs on American products
Those numbers on his poster are made up and don’t reflect actual tariffs that exist and can be cut.
Yep, they just took the trade deficit to each country and turned it into a tariff 😆
Oh no. We produce stuff. The best weapons for killing people are made here.
