Submitted 3 weeks ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.
Archived version: archive.is/…/new-modelling-reveals-full-impact-of…
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
Dumpf bankrupting a former powerhouse with the policies every right wing party wants is the best advertisement in the world against the far right parties.
Thanks USA for being the world police yet again and leading by example. Be strong!
Oh. He and his buddies will buy the slump from the vast array of options available in the next few months and walk away with more wealth than before. Question is: who’s gonna do anything about it?
I want to see Trump fall on his face as much as the next guy but, is there any chance this is actually going to work? Even in isolated cases?
The US’ own industry groups are saying it’s fucked.
Most countries seem more determined to hunker down the harder they’re hit.
Canada for example seems to have suddenly lurched back to the left and are ready to stand their ground just on principle. I presume Mexico is the same.
Certainly this stuff isn’t helping conservative politics in Australia and in fact will possibly or even likely cost our conservative party the next election.
Not really. Tariffs can accomplish legitimate policy goals but this approach of starting a massive trade war with every major trading partner simultaneously is not an effective strategy for accomplishing anything. Inflation is all but guaranteed to return now.
I honestly think that this should not be viewed to the lense of legitimate economic policy. This is blatant treason - exempting russian oligarchs from sanctions, while simultaneously crippling the US economy for decades to come.
This is no administration, it is a flat-out russian occupation of the US.
The US is backing itself into a corner … and when you corner animals, they tend to strike out at things
War is the only industry that American prides itself for the profit and I’ve got a bad feeling that the only answer the Americans will come up with is to come up with a war of some kind in some part of the globe. A war where they will force themselves to fire up their war machine and force their country to produce stuff because of conflict. Same old tactic as always … except this time, they will really have to scrape the bottom of the barrel to find a reason to go to war somewhere.
Probably true. It is Trump backing the US into a corner. No other country in backing them there. Americans need to decide, do they get rid of him, or are they willingly sacrificing their family members so he can increase his net wealth (and that of his kids) at average Americans’ expense? Unfortunately I expect Americans will be “patriotic” and die to give Trump not only all their money but also their health and lives.
A war where they will force themselves to fire up their war machine and force their country to produce stuff because of conflict. Same old tactic as always … except this time, they will really have to scrape the bottom of the barrel to find a reason to go to war somewhere.
We’ve already got the war machine fired up. 20 years in Afghanistan and then straight into Ukraine and Palestine, while sabre-rattling with China to justify more defense spending. Biden increased military spending to an all time high (before counting all the foreign aid), higher than the next 9 countries combined.
Americans love war so much that they hardly need a reason. Every war starts with overwhelming support, with only a few cranks holding out. In time, people sour on the war and start giving up on it, but, like Lucy tempting Charlie Brown with a football, all they have to do it again somewhere else and they’ll immediately be all for it.
If they’re crazy enough to want it, it’d be trivially easy to start a war with China (or anywhere else) in a way that nearly everyone would be on board. We’re talking about a country where 30% of one party and 19% of the other support bombing Agrabah, a country that doesn’t even exist.
We’re definitely always going to be in a constant state of conflict, like this right now where we have at least three proxy wars going is our “zero point.” I just hope it doesn’t reach the point of ending the world in nuclear hellfire on the way out.
Canada hasn’t lurched back to the left, Carney has adopted virtually every conservative talking point and policy. Poulievre was soft on the US, and Carney is perceived as the “reasonable” option for enacting the conservative platform PP pitched. There is an odd progressive policy here and there, both as a play for the NDP, and because the moment requires them to (primarily due to housing crisis). But don’t think this is a dramatic shift in the Canadian political landscape, we are likely headed for a very conservative Liberal party. We will likely see a fair bit of austerity outside of housing policy, there will almost surely be a federal hiring freeze and probable layoffs.
I’ll just have to cut out $3.5k from my budget.
I said in November that I hoped that MAGAts get every single thing they voted for.
I still do
HAAAAAHAHAHAHAHAHAHAHAAAAA!!!
Paycheck to Paycheck
A surgical strike
Destroys one month’s salary
There may be some pain
Tarrifs depending on the trade deficit?
Bro, I (from EU) make sure, the trade deficit gets even higher.
The EU does not imposse 39% tariffs on US imports. The trade deficit is 39% Not the same thing. So they took the trade deficit and divided it by 2 to calculate the tariff. Guess pissing of the whole world will make everyone buy American…
I don’t want to win; I want America to lose everything!
“Derp, derp, derp…”, stated Trump.
Thanks, Nimrod
Sanctus@lemmy.world 3 weeks ago
Fuck
Image
taldennz@lemmy.nz 3 weeks ago
If we’re very quiet precious, my love, maybe he won’t notice us down here near the bottom of the table.
dryfter@lemm.ee 3 weeks ago
> Fuck
That’s an understatement, more like
spoiler
image
Forget about a recession, the U.S. is headed directly towards a possible depression and bringing Canada down with it if those numbers are even remotely true. That’s almost 1-2 months salary wiped out for 1/3 of households in the US when most of those people are living paycheck to paycheck.
adespoton@lemmy.ca 3 weeks ago
Aha! Trump is secretly doing the bidding of the Kiwis! No, not New Zealanders, not even the bird… it’s the fruit’s fault!
oce@jlai.lu 3 weeks ago
I don’t understand why some countries get a gain from additional tariffs.
The article doesn’t explain the mechanism.
Barbarian@sh.itjust.works 3 weeks ago
My unfounded guess is that they sell products that normally compete with a soon to be crippled US market, so their products can fill the void. Think car sales from China to the EU after the tarrifs cripple manufacturing, for example.
shirro@aussie.zone 3 weeks ago
Australia’s top 3 export markets are China, South Korea and Japan. If they put retaliatory tariffs on the US we could pick up extra business as we will have a price advantage. When the US duped our old conservative PM, Scummo, into pissing of China they put up trade barriers and our “mates” including Canada, NZ and USA all gained at our expense. It’s nothing personal.
We don’t export much to the US and 10% is as low as it goes. It’s a tax on US consumers.
driving_crooner@lemmy.eco.br 3 weeks ago
Is country A is tariff 20% and country B is tariff 10%; that mean country B have an advantage against country A and can get some of the marked A is loosing.
Sanctus@lemmy.world 3 weeks ago
Maybe they already had some sort of tariff? Maybe it modifies the existing trade deal somehow? Idk I’m not an economist just a peasant.
pelespirit@sh.itjust.works 3 weeks ago
Does Russia not get hit? Interesting.
brucethemoose@lemmy.world 3 weeks ago
Aside from fossil fuels, they mostly only trade with China, right? They’re kinda “isolated” like North Korea.