Putin's bitch trying to further destabilize the world for daddy.
this post was submitted on 02 Apr 2025
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Me, checking what the damage is: oh good, my European defence stocks went up 2 to 4 percent today while the American stocks are tanking, happy days!
Me, after thinking on it a bit longer: oh God, my European defence stocks went up while the world economy is taking a hit, better get ready for whatever's coming
Trump clearly has some feelings about Vietnam. He used his “bone spurs” excuse to avoid being sent over there back in the day. Lmao
What a pussy
I think it is something to do with China using it as a proxy for their export.
He just saw that they have a massive tariff against the US going back decades and I guess he took it personally.
In case anyones looking at this and asking question like "Why has Cambodia been dunked with 49% when they're clearly not a competitor to the US" or "Why is Trump claiming that the European Union has a 40% tariff on the US when the actual mean tariff on US goods into the EU is less than 5%", here's your answer to how these figures have been calculated.
- Take the US trade deficit with a given country (eg. China is $292bn)
- Take the total good imported by US (for China that's $439bn)
- Divide the first figure by the second! Why? Who knows! It's a number! Less talk more first grade arithmetic (if you're still following that gives us 67%)
- That gives us a random number which we'll pretend is that country's tariff of US goods even though it's completely unrelated in every way. We'll divide it by two to get the new tariff rate for imports from that country. Why? Honestly if you're still expecting there to be an answer to that question I'm wondering if you've been following. (that gives us 34%, well actually it gives us 33.5% but I'm not sure the Trump administration understands the idea of fractions so we'll just round it up from there)
The "reason" behind this is that Trump seems to think trade deficits are really bad, which is bad news for the US because it's had a trade deficit for the last 50 years. We'll ignore the fact that based on per capita GDP it's been the wealthiest country in the world for that time though.
Anyway, just to give everyone an idea of how completely, utterly unrelated to anything meaningful that figure is, let's take Cambodia. The country is very poor compared to the US so can't afford to buy anything that the US manufacters (Cambodians aren't driving round in Teslas or IMessaging each other). Some US companies use it for clothing manufacture because labour is cheap in Cambodia (see the previous bit about Cambodia being much poorer than the US). This means that Cambodia imports close to nothing from the US compared to what it exports, giving it a close to 100% trade deficit, so we wind up with a 49% tariff on Cambodia.
I genuinely don't understand the mindset that looks at the US's explotation of cheap labour in Cambodia and interprets the US as the victim in that relationship, but hey-ho maybe I'm just not biggly-smart enough to understand the 4d chess moves at play here. . .
Reference (because unfortunately none of what I said was made up and that geniunely is the calculation): https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists
Why does he think tariffs are equal to trade deficits?
Run headfirst into a brick wall a dozen times and then maybe you will start to understand
Putting on my best swiss cheese brain, maybe they are treating it 'like a business' and trying to do debt to income ratio? So our deficit is the debt then they look at tariffs on the imported goods as the income.
Do you know if this holds for other countries too?
I honestly have no idea, maybe? Deficit isn't really debt though, it just means you bought more than you sold. The US isn't in debt to Cambodia any more than you're in debt with McDonald's. They just have a one way buy/sell relationship.
Absolutely, but if one has no idea what they are talking about, they might massive brain worms about the US debt and it being caused by our budget deficit. Then they look at all these other countries and learn about the 'deficit' we have with them and that's the same word, same thing, ezpz. Now you simple get a solid 50% debt to income ratio by dividing the two and cutting it in half, check mate economists.
That's a really good explanation, there's no realistic way to make your money back from McDonald's
Thanks for the explanation! It is unbelievable that these are the folks with nuclear codes.
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Been browsing the conservative subreddit this morning just to see what they all are thinking. There is a surprising number of "This is a terrible idea" comments but its also funny seeing a whole bunch of republicans who now suddenly like higher taxes, inflation and stock crashes.
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Trump announces "Things aren't expensive enough."
I don't think these are reciprocal. I think these are unilateral, and when countries respond, their tariffs will be reciprocal. The distinction is very important. This is a problem created by Trump, not by other countries. You don't get to choose false language to describe it that shifts the blame.
Wait so if the admin is in favor of reciprocal tariffs does that mean they are asking other countries to raise tariffs against the US?
I'm gonna check this newly needed wiki page: https://en.wikipedia.org/wiki/Tariffs_in_the_second_Trump_administration#Reciprocal_tariffs
Pls 100% world wide tax.
I like to go straight to the "Find Out" phase.
👀
(Remember, when the great depression happens, its our duty to eliminate nazis)
With Nazis, it's always the right time.
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I don't have a ton of "the court is wrong" opinions, but Article 1 section 8 of the Constitution flatly gives Congress the responsibility of regulating trade and imposing tariffs. The President just doesn't (shouldn't) have the authority to change rates. The executive needs to execute the will of the Legislative branch.
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Well well well, we finally fell off the cliff, didn't we?
Starting a trade war with the entire world, easy to win, right?
If the entire world reciprocates, which they will, you will literally wish you had just a recession to worry about. I wonder how Trump's approval ratings will be about a month from now
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