One r two fs in tariff
Since we’re apparently going to have to be spelling it all the time now.
Comment on Trump Threatens 104% Tariffs on China as the Mad King Plays Chicken With the Global Economy
SunshineJogger@feddit.org 5 weeks ago
At some point tarrifs won’t matter anymore because at that tarrif height the goods could just as well not be available at all.
Mouselemming@sh.itjust.works 5 weeks ago
SunshineJogger@feddit.org 5 weeks ago
Ah, yes.
I’d rather like to forget about it all util I csn do more than just avoid American products
Litebit@lemmy.world 4 weeks ago
American products will be ridiculously overpriced now due to Trump adding tax (tariff) on Americans who imports goods from china and other countries.
Num10ck@lemmy.world 5 weeks ago
just use Tarkin.
dabster291@lemmy.zip 5 weeks ago
you fool, you missed a tarrif
NaibofTabr@infosec.pub 5 weeks ago
Yep, we are watching the active teardown of the global trade infrastructure that has been built over the past 5 decades.
That international trade has been the single largest deterrent to international warfare. Neighbors who actively trade are far less likely to go to war with each other. Powerful nations have an interest in exploiting less powerful nations economically rather than conquer them militarily - it’s cheaper, and you can extract value from the exploited nation over an extended period rather than gain some short-term value while destroying the source of that value. The exploited nations benefit by not being attacked, and may have more flexible options for improving their position economically (i.e. Japan in the electronics market in the 1980s).
The Trump administration looks like when a new manager takes over a functional team, doesn’t know how anything works, can’t be bothered to try to understand, and just starts breaking established processes to prove that they’re in charge.
MehBlah@lemmy.world 5 weeks ago
China will suffer from reduced sales. The rest of the world except the US will reap the benefits of this.
Litebit@lemmy.world 4 weeks ago
lol no, American will still buy China goods and pay the higher tax (tariff) rate to Trump due to lack of alternatives.
mjhelto@lemm.ee 4 weeks ago
Except in places I’ve worked where this happened the new boss was on probation and could more easily be let go for poor performance. We tried something like that with tRump with two impeachments.
There’s no such thing as a recall election for the president, at least not for 4-years. And that’s a long time from now. Took only 80 days to get here from inauguration. We, and the global markets, will never recover if they leave it to us to fix it. Rest of the world can go on without us.