Economy Trump's April 2nd Tariffs

[Substance Abuse]

Fake news. I know.

 

[fingercuffs]

Ah. And yet, in the long run, leaving hurt citizens more than ever.

That's politics. You heard the publicized/politicized pros and cons, but didn't really hear it all.

Uneducated populaces will elect a fascist if they feel like they're being picked on. It's happened...not too long ago.

I heard from local butchers in Farnborough who were missing out. I heard it all from them face to face so I don't know what you're on about.

 

[Renard]

For Madagascar, they export 733.2M to the US while only importing 53.4M. The trade deficit is 679.8M.

679.8 / 733.2 x 100 = 92.717%

Madagascar's blue number in the chart: 93%

There are conservatives online acting like the blue numbers in Trump's chart are real. They're not real. The whole thing is made up, and in the lowest IQ way possible. Like they're making it crystal clear to us that the whole thing is nonsensical.

 

[GhostZ06]

Will he or won't he.
Stay tuned to find out on The Greatest Circus in American History

 

[Neph]

Do you realise how much fentanyl comes to the US via those penguins? It's washing up on the shores daily.

 

[jk7707]

This is the real test for Republicans. They all know this is going to be an economic disaster, and if they don't grow a spine and push back against this, they're going to get slaughtered in the midterms. Decision time.

 

[MrShady]

I'm sure CuckforTuck or Whippy McGee or Kingz got a good explanation for this. Am I missing any other MAGAs that would like to chime in on these genius tariffs?

 

[The Diplomat]

They will blame the liberals for being "weak on China" despite the Trump administration actively dismantling our entire system of soft power

That's more of a both sides problem imo. After all of our BS in the middle east, it was best that we didn't fiddle with any more poor brown countries.

China said "Hold my beer/fake communism, I'm on the way."

 

[The Diplomat]

Ironically that 50% tariff on China might be some of the hardest impacts on us in Australia, since our resources sector is so prevalent and China is the largest trading partner for that.

I don't think he respects alliances at all. I don't think he respects soft power. I think he just wants to take whatever he can get away with, though it will likely come at some cost.

Yeah. China has been slowly bullying and controlling you guys for the last 10+ish years, and nobody seems to give a fuck.

Baby food shortage due to Chinese? Das cool.

Espionage and trading lane BS? Okay.

Actually taking one of the United States biggest allies and AFAIK still an English colony? (Edit. Nah, 1973) Do it, i dare you.

 

[deviake]

Donald Trump’s economic masterplan - UNHERD - Yanis Varoufakis

Faced with President Trump’s economic moves, his centrist critics oscillate between desperation and a touching faith that his tariff frenzy will fizzle out. They assume that Trump will huff and puff until reality exposes the emptiness of his economic rationale. They have not been paying...

www.yanisvaroufakis.eu

I'm not enough of an economic expert to know if this is BS or not but I found this article by a pretty left wing economic expert who's actually quite in favour of tariffs interesting.

Interesting article, I'm also not savvy enough to analyze it.

 

[Stoic1]

Yes, tell me again - why shouldn't we have tariffs against countries who have tariffs on the US? What is the logic to allow everyone else placing tarrifs on the US without reciprocity?

 

[Hdfi]

Great! More cheap Chinese stuff for me and less for you.

Don't worry, you can get the same thing for just 4x the price.

 

[Stoic1]

Donald Trump’s economic masterplan - UNHERD - Yanis Varoufakis

Faced with President Trump’s economic moves, his centrist critics oscillate between desperation and a touching faith that his tariff frenzy will fizzle out. They assume that Trump will huff and puff until reality exposes the emptiness of his economic rationale. They have not been paying...

www.yanisvaroufakis.eu

I'm not enough of an economic expert to know if this is BS or not but I found this article by a pretty left wing economic expert who's actually quite in favour of tariffs interesting.

JFC. I've read this twice. Going back for a third read.

I'm clearly ignorant on many issues but it looks like there may be a plan.

Trump, as usual, does s shit job messaging the end state he hopes to achieve.

 

[Limbo Pete]

That's more of a both sides problem imo. After all of our BS in the middle east, it was best that we didn't fiddle with any more poor brown countries.

China said "Hold my beer/fake communism, I'm on the way."

I'm talking about the non-nefarious stuff, which does indeed exist. I mean taken as a whole the system of Global Health (for example) is loaded with problems, but cutting out money-and-sundry diplomacy in the underdeveloped world is just full faceplant retarded

 

[Limbo Pete]

Tbf - your soft power in Africa isn't as noticed as China's. No one cares that kids weight maybe a few percentages better or disease rates are a few points lower when they've got flashy new soccer stadiums

Even if that were true, healthcare in most of Africa is a problem orders of magnitude beyond anything the West experiences. The people in those countries care very very much about, say, malaria medicine.
It matters.

 

[matheuss92]

Yes, tell me again - why shouldn't we have tariffs against countries who have tariffs on the US? What is the logic to allow everyone else placing tarrifs on the US without reciprocity?

Because US economy is based on free trade, guaranteeing minimum importing costs to products in order to make US companies as competitive as possible.

Those "everyone" you cite are not free trade economies, most of the shit they import they cant even produce internally. The reason much of them would even import goods from the US was, as said earlier, US competitiveness. Now, with US production costs going up, they will either have to look for new partners or, in case they cant find them, just buy less from the US.

I do feel Im talking to a wall here. It doesnt matter what I say, you will find a way to twist the subject and pretend you have some argument about it. That leads to the inevitable conclusion that you don't give a fuck... Trump could nuke any country and twittee some dork phrase like "fuck around and find out" and you would clap your hands. You don't give a fuck about the consequences of anything thats happening.

 

[Prutfis]

Because natural resources and agriculture workers had a powerful domestic lobby and wanted their shit protected

A lot of the trade imbalance with the Eu is because us products dont live up to regulations.
Agriculture being a big one. Us beef is pumped with hormones and some stuff labeled carcinogens by the Eu. Poultry is washed with ammonia. If us product werent toxic dogshit it wouldnt be banned.
Cars is another one. Many us cars simply dont live up to emissions standards in the Eu. Most us automakers also just try to sell American cars in the Eu and Europeans simply dont want that type of cars or can get better cars made in the Eu. Ford has been the most successful because they actually built cars for the Eu market.
Tariffs wont fix that. Making better products will

 

[Boxiana]

I see one wrong number and I assume most of the numbers are bogus. New Zealand has gone pretty maximally free trade, sometimes to our own detriment. A lot of stuff comes in tariff free, and the average tariff on US goods is less than 2%, yet somehow he is claiming that we impose a 20% tariff on US Goods. We likely won't retaliate as a trade war with a superpower isn't in our interest, but this is just dumb, incredibly stupid relations. We are already turning to China as our biggest export partner, and this pushes us harder in that direction.

They consider VAT to be a tariff

 

[JudoThrowFiasco]

A lot of the trade imbalance with the Eu is because us products dont live up to regulations.
Agriculture being a big one. Us beef is pumped with hormones and some stuff labeled carcinogens by the Eu. Poultry is washed with ammonia. If us product werent toxic dogshit it wouldnt be banned.
Cars is another one. Many us cars simply dont live up to emissions standards in the Eu. Most us automakers also just try to sell American cars in the Eu and Europeans simply dont want that type of cars or can get better cars made in the Eu. Ford has been the most successful because they actually built cars for the Eu market.
Tariffs wont fix that. Making better products will

None of that has to do tariffs specifically.

 

[The Diplomat]

None of that has to do tariffs specifically.

These tariffs are arbitrary.