Comment on Trump threatens to escalate trade war amid confusion over new tariff rates
Coskii@lemmy.blahaj.zone 4 weeks agoI was just thinking about this today. I have completely lost track of what/who is being tariffed. Did that foreign film tariff happen?
LifeInMultipleChoice@lemmy.world 4 weeks ago
No he walked back the film tarrifs. China was at 154, brought down to 30% on a suspension for negotiations. Now he postponed that because he didn’t hear anything from China I’m guessing. China knows if they go to 154% it hurts them a bit, but hurts Americans more, which makes Trump look worse and continue to lose support. Not to mention China has its own shit going on. China can let the U.S. fuck themselves while figuring out ways to capitalize on the soft power vacuum he created around the world.
First half of 2025 the U.S. dollar fell in value by the highest amount since we left the gold standard. Which leads to why Trump threatens BRICS with more tarrifs, which ultimately will hurt is more