Economy Trump's April 2nd Tariffs

[oldshadow]

There's a thing in UK shops called fair trade, the product costs slightly more, but the producers agree not to employ child labour and pay a decent wage for that country and conditions of employment. For this they can get paid a premium rate compared to competitors. It's a good system, tarrifing the nuts out of a country so their product is more expensive loses sales, less income to develop that country's trade and prosperity, and costs jobs there, it's a dumb fuckin idea because if that product were able to be produced in the states, chances are it will be big agriculture for example that rely on immigrant labour cos Americans won't work for shit pay and poor conditions. There's also thousands of more products that aren't able to be produced in America, or if they are, the raw materials aren't available and tarrifs would apply to their import.

They will get produced in the US or fair trade will be signed or we will do with oit them.

We we see how it works out.

 

[MrShady]

"Those damn countries took advantage of us".

MAGA not realizing that your own government, coerced by corporations, set the system up. And every administration, including the current one, is robbing the taxpayers. The root of all of this is corporate-bought/-lobbied government supporting corporate greed: quest for profits regardless of the employee and community consequences.

How does MAGA not yet realize that we are a minimum 5-10 years away from bringing back manufacturing plants in America. Not to mention the plants that will come back will be heavily automated so even if you get your plants, there wont be the same jobs that once were in your dad's generation. It is a dying industry for human labor. Every leader of our nation has known this for the last 30 vears.

Trump is just doing the good old WWE-esque performative theatre and in reality robbing you blind with the coming tax cuts for the wealthy, even worse than past administrations thanks to his cult following.

 

[curryjunkie]

We're living in a 2000s dystopian comedy movie

What a fuckin moron

 

[curryjunkie]

JD Vance to Newsmax: 'Feeling Good' About Tariffs Despite Bad Day​

Vice President J.D. Vance touted the implementation of tariffs despite Thursday's massive stock market sell-off, telling Newsmax the Trump administration is "feeling good" while also reassuring one midwestern GOP senator that American farmers are going to be among those who "reap the rewards" in the end.

"We're feeling good. Look, I frankly thought in some ways it could be worse in the markets because this is a big transition. You saw the president said earlier today; it's like a patient who was very sick. We did the operation, and now it's time to make the patient better. And that's exactly what we're doing," Vance said.

"Look, one bad day in the stock market compared to what President Trump said earlier today, and I think he's right about this, we're going to have a booming stock market for a long time because we're reinvesting in the United States of America,"

https://www.newsmax.com/newsmax-tv/j-d-vance-newsmax-tariffs/2025/04/03/id/1205594/

Liz truss vibes coming through strongly..

 

[LeonardoBjj]

"Those damn countries took advantage of us".

MAGA not realizing that your own government, coerced by corporations, set the system up. And every administration, including the current one, is robbing the taxpayers. The root of all of this is corporate-bought/-lobbied government supporting corporate greed: quest for profits regardless of the employee and community consequences.

How does MAGA not yet realize that we are a minimum 5-10 years away from bringing back manufacturing plants in America. Not to mention the plants that will come back will be heavily automated so even if you get your plants, there wont be the same jobs that once were in your dad's generation. It is a dying industry for human labor. Every leader of our nation has known this for the last 30 vears.

Trump is just doing the good old WWE-esque performative theatre and in reality robbing you blind with the coming tax cuts for the wealthy, even worse than past administrations thanks to his cult following.

- Just because US is responsible for wars in international soil, war to get cheap fruits, oil, silk. But are the other contries that are taking advantage of US benevolence, bro. Not Trump ruining US ev market to benefit Musk.

 

[Deorum]

How does MAGA not yet realize that we are a minimum 5-10 years away from bringing back manufacturing plants in America. Not to mention the plants that will come back will be heavily automated so even if you get your plants, there wont be the same jobs that once were in your dad's generation. It is a dying industry for human labor. Every leader of our nation has known this for the last 30 vears.

Is it really some sort of urgent issue? US manufacturing output is larger than the GDP of all but six countries. Investment in US manufacturing capacity over the last four years alone is over $625 billion. There are literally over 480,000 unfilled job openings in the US manufacturing sector, right now. What the fuck are people even talking about with this? It seems nobody has a clue, least of all Trump. It's like declaring a "national energy emergency" when domestic oil and gas production are at all-time highs, absurd nonsense.

 

[LeonardoBjj]

Trump's tariffs set to drive up bar bills and wipe out spirits jobs​

By Emma Rumney, Elisa Anzolin and Sybille de La Hamaide

• Tariffs add to drinks industry pain
• Some shares flat or even higher as worst-case levies avoided
• Many drinks must be made in specific areas, cannot move output to US

LONDON/MILAN/PARIS, April 3 (Reuters) - U.S. drinkers will pay more for cocktails, champagne and foreign beers, brands will disappear from bar menus and jobs will be lost on both sides of the Atlantic as a result of U.S.

President Donald Trump's reciprocal tariffs, drinks industry bodies and analysts said on Thursday.

Trump's latest round of global and country-specific tariffs was set to hit everything from the popular negroni cocktail, based on Italy's Campari (CPRI.MI), opens new tab liqueur, to Guinness stout, made by the world's top spirits producer Diageo (DGE.L), opens new tab.

He also introduced a 25% levy on all beer imports and added beer cans to existing aluminium tariffs, hitting labels such as Mexican-made Corona (STZ.N), opens new tab and Dutch Heineken (HEIN.AS), opens new tab.

Shares of some spirits companies such as Diageo and Campari however gained as threats of 25% tariffs affecting Mexican tequila and Canadian whisky did not materialise. A threatened 200% tariff on European alcohol also remained outstanding for now.

However, industry bodies said the levies laid out on Wednesday were already high enough to hurt sectors that rely heavily on U.S. drinkers for sales.

European spirits exports alone to the U.S. stood at 2.9 billion euros ($3.18 billion) in 2024, according to trade body spiritsEurope, which said many U.S.-based jobs also relied on this trade.

French groups and officials warned of a 20% slide in sales and mass layoffs in regions like Cognac, where French brandy is produced for export, largely to the U.S. and China. The Spanish Wine Association warned no market could offset lost sales in the United States.

WINNERS AND LOSERS​

"Many labels, which cannot be replaced by local production, will disappear from the tables of U.S. consumers, while a serious production and employment crisis is looming in Italy and Europe," Micaela Pallini, president of Italian trade association Federvini, said in a statement.

Japanese drinks maker Suntory said it will focus on selling spirits in countries where they are made as a result of tariffs.

Other major spirits and beer producers either declined to comment, did not immediately respond to requests for comment or said they were assessing the impact.

Analysts at UBS estimated that large listed spirits makers would have to hike prices by between 2% and 5% to cover the tariffs, or absorb the cost themselves and take a similar hit to operating profit.

Serious discussions about prices were underway now that tariff rates are known, said Tammy Curtis, senior vice president of commercial finance at Republic National Distributing Company, a top U.S. spirits distributor.

"There will be winners and losers," she said, adding products where more of the tariff can be absorbed throughout the supply chain will fare better.

Sales of products like wine and cognac are already falling in the United States. French and Spanish wine producers told Reuters U.S. drinkers would have to pay some of the cost of tariffs.

This would hurt U.S. wine businesses more than foreign counterparts, the U.S. Wine Trade Alliance added.

NOWHERE TO GO​

Strategies used to mitigate tariffs during Trump's first term, such as shipping wine in bulk, would not help with these blanket levies, Allan Sichel, chairman of Bordeaux wine lobby CIVB, said.

Some producers may be able to shift manufacturing or parts of it, such as bottling. Other products like French champagne or Scotch whisky have to be made in specific countries or designated regions and cannot move production.

The Irish whiskey sector exports 40% of its production to the U.S., which drives growth and helps fund expansion in other markets, said Eoin O Cathain, head of the Irish Whiskey Association.

Companies may now shift their focus elsewhere, he continued, especially given ongoing uncertainty.

While Europe was spared the 200% tariff Trump has threatened to impose, it could still come if Europe's retaliation hits U.S. spirits, such as bourbon whiskey.

"If it goes up to 200%, that'll be game over. The U.S. market will be finished," said Frederic Zeimett, CEO of Champagne Leclerc Briant which exports to the United States.
($1 = 0.9116 euros)

https://www.reuters.com/business/re...s-set-drive-up-bar-bills-cut-jobs-2025-04-03/

 

[Siver!]

Despite all the ridicule over Trump putting tariffs on uninhabited islands, apparently they do have a substantial amount of imports and exports:

I'm sure someone's already posted something like this in the 51 pages prior, but in case they haven't, well, there you go.

Why would you tariff that? Machines and electrical you actually need?

 

[Fronk]

I truly don't even understand it. The US trade services for goods. Why would you even want to bring some shoe factory from Vietnam to the US? It can't possibly be this dumb.

 

[MrShady]

Is it really some sort of urgent issue? US manufacturing output is larger than the GDP of all but six countries. Investment in US manufacturing capacity over the last four years alone is over $625 billion. There are literally over 480,000 unfilled job openings in the US manufacturing sector, right now. What the fuck are people even talking about with this? It seems nobody has a clue, least of all Trump. It's like declaring a "national energy emergency" when domestic oil and gas production are at all-time highs, absurd nonsense.

This useful idiot doesn't seem to agree with us

 

[PEB]

This useful idiot doesn't seem to agree with us

Said no one at the stellantis plant.

 

[Octavian]

So these are reciprocal tariffs, correct. They charge the US tariffs so we charge them the same. What is wrong with that.

Also we should not be dependent for basic needs on other countries. They can be used against us on many levels.

No, they’re not. The stats he held up on Wednesday were actually trade deficit numbers he was tricked into thinking were tariffs. Do you honestly think Madagascar is applying a 93% tariff?

Good god - people are really revealing the depths of their stupidity and psychosis.

 

[Phisher]

 

[Octavian]

I think we shall see if this is a fuckup or gets what Trump thinks it will.

I want more things manufactured in the US especially basic needs. I want any tariffs on the US by another country reciprocally charged by the US.

I'm not sure if this is going to work out the way he thinks by we will see.

Like what? What do you actually want manufactured here or more of? Let’s start with specifics. You might actually have some good ideas but that would already be more advanced thinking than this administration.

 

[Phisher]

So these are reciprocal tariffs, correct. They charge the US tariffs so we charge them the same. What is wrong with that.

Also we should not be dependent for basic needs on other countries. They can be used against us on many levels.

This nonsense was calculated based on trade deficits, not tariffs.

Trump thinks that trade deficits are inherently unfair, which is ridiculous because you can't expect developing countries to purchase as much from wealthy ones as they sell in natural resources or manufactured goods.

Also, there is nothing unfair about a country with a small economy having tariffs to protect certain industries. The entire pretense that the US is being screwed because American companies can't just wipe out entire sectors in other countries with product dumping is fucking lunacy.

Trump is a madman who doesn't even have a first year college student's understanding of international trade, and he's being egged on to torch the economy by a bunch of crooks who are making a killing right now by shorting everything.

 

[MrShady]

So these are reciprocal tariffs, correct. They charge the US tariffs so we charge them the same. What is wrong with that.

Also we should not be dependent for basic needs on other countries. They can be used against us on many levels.

 

[evergreenrider]

They are using AI to make federal government plans and decisions. Terrifying

 

[PEB]

Jim Cramer he is a loser and will always be a loser and he lost his sh$t in 2007 but he still is sheep today but funny clip and Erin was very attractive.

 

[Damien Karras]

"Those damn countries took advantage of us".

MAGA not realizing that your own government, coerced by corporations, set the system up. And every administration, including the current one, is robbing the taxpayers. The root of all of this is corporate-bought/-lobbied government supporting corporate greed: quest for profits regardless of the employee and community consequences.

How does MAGA not yet realize that we are a minimum 5-10 years away from bringing back manufacturing plants in America. Not to mention the plants that will come back will be heavily automated so even if you get your plants, there wont be the same jobs that once were in your dad's generation. It is a dying industry for human labor. Every leader of our nation has known this for the last 30 vears.

Trump is just doing the good old WWE-esque performative theatre and in reality robbing you blind with the coming tax cuts for the wealthy, even worse than past administrations thanks to his cult following.

It's blatantly obvious to those who don't have their blinders on what Trump's tariffs represent for the world, for the economy, and for working class americans. Presenting any form of hard data, facts, or logical arguments, such as the ones you present, result in acute stress reaction, followed by denial, and then gets internalized through cognitive dissonance.

The initial ontological shock of tumbling markets, statements made by people they trust about the negative effects of tariffs cause an onset of acute stress reaction, one in which they exhibit clear psychological distress and confusion "No, that can't be! That's impossible" (such as seen in the gif above).

People cannot maintain sustained periods of having crystalized truth upend their understanding of reality, and so they deny any truth too distressing to process "You're wrong. These tariffs will work and make our economy better. All these nobel prize winning economists are deep state actors".

They will often oscillate between the two modes, but have to settle into a more lasting state to preserve psychological and physiological equilibrium, one in which cognitive dissonance takes hold to reconcile incompatible truths. "Yes, tariffs are bad and will hurt us. But Trump is also good, and good people always act with benevolent intent"

 

[HockeyBjj]

Hope nobody bought the dip. We still dipping

https://www.cnbc.com/2025/04/03/stock-market-today-live-updates.html

Not embeding right. Another 900 point DOW drop this morning after 1600 drop yesterday. Nearly same dropping rate