Submitted 6 days ago by BrikoX@lemmy.zip to globalnews@lemmy.zip
The president just keeps introducing more chaos.
Archived version: archive.is/…/trump-threatens-104-tariffs-on-china…
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Can’t wait for the next year when he screams in the corner about other countries being mean to the US, so he is forced to do military incursion into the Greenland.
Fuck everyone who voted for this, btw. But also fuck every single motherfucker who enabled this orange bafoon long before he got there.
Fuck his grandparents for being fertile.
Just think if his mom would have just swallowed that night how many lives might have been saved.
scheiß auf deine Eltern, weil sie nicht abtreiben
Bloody snowflake Trump, always whining about other small countries bullying US, someone need to slap the wokism out of him.
Is a bafoon a cross between a baboon and a buffoon?
“Back off or I shoot myself in the other foot!”
It’s got some real “Black Knight” energy to be sure.
My understanding is that Trump has no fucks to give, is reveling in the chaos, and that nothing short of dethronement will stop him. So ya’know, we’re fucked.
He’s 80 years old. He has no horse in the race anyway. His legacy is going to be a urine-soaked grave they’ll eventually have to relocate to an undisclosed location where people can’t piss on it.
His dad lived into his 90’s. I don’t think his dad snorted enough blow though to break his anus.
Due to flooding
In a few years time America has the chance to put Ding Dong the Witch is Dead back on the charts
Hopefully people can still burn down mar a lago
It is just a way to rise taxes without explicitly rise taxes. And a dump n pump scheme, like crash the market, buy some cheap bags, after buying announce that some countries behave, stocks rebound, profit
Liz Truss did less damage than this and we had her in the stocks in Trafalgar Square in under a week.
Do it! just do it! and you will see how China will block all minerals to US this time! He has nothing on the table, thats why he is playing tariffs and its only card IMO.
Nero watching it burn
China and the USA ruining each other. I’m going to need more popcorn.
China is geting economically hit in the short term, but the amount of soft power they were gifted by this administation is something they have dreamed for decades upon decades.
And it’s knly getting hit in regards to US trade. They also trade a lot with other nations, Europeans also know their way to buying all the Teemu, Shein and Ali express slop.
Chine will be fine
Don’t hold out any hope that magats will wake up, they’ve already been programmed to rationalize it and are suckling boots like good little followers
I bet Trump didn’t have many playmates as a child.
It hurts itself in its confusion! It’s super effective!
Exactly! Better title should be “Trump Threatens 104% GST tax increase on American buying imports from China as the Snowflake Woke King Plays Chicken with Americans.”
He’s finally figured out a number bigger than 100!
No. He said “50% more !”
Bit idea: we teach Trump about Graham’s Number so he creates tariffs with rates higher than the amount of atoms in the universe.
I fucking hate magats so fucking much
So I guess it’s another precipitous drop on the stock market when it opens again.
TBH idgaf about USA tariffs on China specifically.
It doesn’t help either country but fuck China, so yeah.
Is this a cut off your nose kind of thing again?
The way I see it: US consumer wants Chinese thing, pays China. With tariffs US government goes: “Hey, we don’t do that over here, pay me” - US customer also pays US government.
US customer ends up paying more for the same thing.
Now to the tricky part:
If economic theory works and thing costs what it’s worth, this means tariffed consumer is overpaying and leaving margin for others to fill. A domestic producer could then make a profit even when not as efficient as the Chinese, cool.
But, a lot of things China does aren’t currently made in the US, factories have to be built, some things won’t be viable at higher prices (maybe not many enough would pay $99 for a phone cover), and some things will never be able to be produced cheaper (no child labor, expensive adult labor).
So it would take quite some effort to first figure out if it’s viable to produce in the US and then to build the production in the US. It also takes quite a lot of time, years probably. Will the tariffs stay that long? If unsure, why risk wasting the effort. If sure, how will the years of punishing prices affect consumers?
that is why I think this tariff thing is not an attack on other countries but just a way for trump to collect more tax from americans, since they have no choice but to buy from china.
You talk a lot about Economic Theory considering you completely ignored one crucial detail: consumers won’t buy it if the price gets high enough. This could effectively become an Embargo, and it should because Fuck Chinam
The problem is that the US and China are the two largest economies in the world. Everyone else kind of orbits around them. Conflict between them will have a lot of collateral damage.
Yeah, thats fair, but China allowed free reign with no consequences for all their modern atrocities and hostile actions including US election interference would also give the world collateral damage.
Lately the US has been working overtime to destroy its own China-bad propaganda and our good will to go along with it. We’re probably gonna go with “fuck the US” this time around.
It’s shorter to just call China-bad propoganda as “journalism.”
China sales to US will remain the same as there is no alternatives. This was just a way for trump to tax American but make it look like other countries are being harmed. In fact many companies in china and other countries are making record sales to US due to stockpiling. happening in US.
In truth, Trump Threatens 104% GST tax (tariffs) increase on American for buying imports from China. China is not paying the tax, americans are.
You’re arguing against statements I haven’t even made lmao
You have a hard time tying your shoes while thinking about something else, don’t you?
Nur Narren erkennen nicht, dass in ihrer Gegenwart ein Weltheld ist
At this point I’d just call him PINO.
SunshineJogger@feddit.org 6 days 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.
NaibofTabr@infosec.pub 6 days 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 days ago
China will suffer from reduced sales. The rest of the world except the US will reap the benefits of this.
mjhelto@lemm.ee 4 days 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.
Mouselemming@sh.itjust.works 6 days ago
One r two fs in tariff
Since we’re apparently going to have to be spelling it all the time now.
SunshineJogger@feddit.org 6 days ago
Ah, yes.
I’d rather like to forget about it all util I csn do more than just avoid American products
Num10ck@lemmy.world 5 days ago
just use Tarkin.
dabster291@lemmy.zip 5 days ago
you fool, you missed a tarrif