this post was submitted on 03 Apr 2025
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Summary

Global leaders criticized Trump’s new tariffs, which range from 10% to 49%, warning of trade wars and economic fallout.

The UK and Italy urged negotiation, while Brazil passed a reciprocity bill. China and South Korea vowed countermeasures.

Australia and New Zealand rejected Trump’s logic, citing existing trade deals and low tariffs. Norfolk Island was baffled by a 29% duty despite having no exports.

Financial markets dropped, oil and bitcoin sank, and leaders warned of inflation. Analysts say Trump risks fracturing global trade with little to gain economically.

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[–] [email protected] 7 points 52 minutes ago (1 children)

Trump's government has made the US a village idiot - and if the idiot gets into a fight with the whole village, the idiot will have more bruises.

Why he does that - I don't pretend to understand.

[–] [email protected] 1 points 12 minutes ago

He's trying to destroy the country. Amassing as many bruises as possible is the point.

[–] [email protected] 3 points 26 minutes ago* (last edited 26 minutes ago)

Trump basically ran his mouth, realized he had to drop something, whipped some crap together, took a dump in the living room and left for the golf field... exactly what MAGAtards wanted, hope you are enjoying it

[–] [email protected] 16 points 2 hours ago (1 children)

Someone asked chatGPT how to apply tariffs to give America an equal playing field and it spit it a formula that looks shockingly similar to how trump calculated the tariffs

[–] [email protected] 8 points 2 hours ago

Try grok and you'll get an exact match.

[–] [email protected] 1 points 1 hour ago

Rip my year-old IRA

[–] [email protected] 20 points 3 hours ago

Dead horse economics:

Wake up you lazy horse!

[–] [email protected] 12 points 3 hours ago (2 children)

The point is to make China the new boot on the throat of the human race instead of the US

[–] [email protected] 4 points 3 hours ago (1 children)

no. the US is still the boot

[–] [email protected] 4 points 1 hour ago* (last edited 1 hour ago)

That's why they installed a Russian asset as president and why he has been destroying the US's global influence and economy for the last 3 months.

[–] [email protected] 4 points 3 hours ago

I hate the fact that you are correct.

[–] [email protected] 6 points 3 hours ago (1 children)

what an absolute bafoon. so devoid of thoughts

[–] [email protected] 2 points 3 hours ago (1 children)
[–] [email protected] 3 points 2 hours ago (1 children)
[–] [email protected] 2 points 1 hour ago* (last edited 1 hour ago)

Definitely not. Nor is he a small, pixie like creature

[–] [email protected] 16 points 4 hours ago

You know what's fun? Cancelling stuff and citing the reason as 'tariff-related inflation'. It's too new and there is no response script yet, so customer service doesn't really argue.

[–] [email protected] 22 points 5 hours ago (2 children)

Norfolk Island was baffled by a 29% duty despite having no exports.

Ahahaha. For a day, I want to be inside his head and see the world through his eyes. It would be the most valuable insight for humanity... If only to learn exactly what not to do.

[–] [email protected] 6 points 1 hour ago

No thoughts. Only anger at being confused.

More then racism, Trump's appeal is being a simple answer to a complex question. Which happens to mean racism when applied to race relations, but also harebrained economic policies or injecting bleach into yourself. This is the same man who used a sharpy to change the path of a hurricane on a map rather then admit he misspoke.

[–] [email protected] 1 points 2 hours ago

It would be like that scene in Braveheart, where the Prince is having servants walk in front of him holding a full length mirror, so he can constantly admire himself.

[–] [email protected] 19 points 5 hours ago (1 children)

So, now $1 per banana is now real, wow. A complete bunch on my country costs that... We are banana exporters we are the banana republic...

[–] [email protected] 16 points 4 hours ago

It's one banana, Michael. What could it cost? $10?

https://youtu.be/Nl_Qyk9DSUw

[–] [email protected] 35 points 6 hours ago
[–] [email protected] 24 points 7 hours ago (1 children)

None of Trump's policies have any basis in reality

[–] [email protected] 7 points 4 hours ago

I've been saying this for years - why does anyone listen to him? He has no credibility - his whole life bio shows this clear as day.

[–] [email protected] 6 points 5 hours ago (2 children)

translated some analytics written for Russian audience. from here: https://t.me/s/artjockey

About the Tariffs Today marked the “great day for the USA” previously announced by Trump, as the U.S. has now imposed import tariffs against the entire world. I won't make predictions about how this will affect the global economy, how much the S&P has dropped, and so on. Instead, I want to draw attention to something that might not be immediately obvious.

The newly introduced tariffs can be divided into three parts: economic, political, and protective.

At the core of these tariffs is a baseline 10% duty on all imports. I'm not sure why there’s so much noise around this—basically, Zoomers invented the reusable shopping bag, and Trump has invented VAT. The U.S. has never had a national-level VAT before, only state-level sales taxes. Now, there will be a federal VAT, but only on imports and only at 10%.

There are also clear protective tariffs, intended to give advantages to domestic manufacturers and to motivate foreign companies that want to sell in the U.S. to move production inside the country, so they can stay competitive against local producers. These are 25% tariffs on all imported cars and computers. It’s all fairly straightforward and not worth overanalyzing. Russia has all of this too: VAT, protection for domestic car makers (e.g., AvtoVAZ), and maybe in the future Trump will even “invent” vehicle recycling fees.

In short, Trump could have quietly pushed a 10% import VAT through Congress without much publicity, and you wouldn’t have even seen the news in any headlines. But in that case, he wouldn’t have been able to kick off a series of trade wars.

The most interesting part of the tariffs is their political nature. I think everyone understands that the 54% tariff on all imports from China (a combination of a previous 20% and today’s 34%) is by no means a reciprocal move—it’s a global trade war that could even precede a real war. This was expected; Trump launched a trade war with China during his first term, and the motivations are clear.

What’s far more intriguing are the tariffs against some of America’s allied countries, which, in my opinion, make up a rather unexpected list:

India: 26%

Japan: 24%

EU: 20%

Taiwan: 32%

South Korea: 25%

Israel: 17%

Philippines: 17% (a country hosting U.S. military bases aimed at China)

Meanwhile, countries that didn’t receive tariff increases and stayed at the base 10%, from a global perspective, include:

South American nations: Brazil, Argentina, Uruguay — 10%. Panama also 10%.

Oil-rich Middle Eastern countries: Saudi Arabia, UAE, Qatar, Bahrain, plus Turkey.

AUKUS members: UK and Australia — even though Trump criticized Australia in a speech, no extra tariffs were added.

Africa: Though likely of little strategic interest to Trump for now.

From this differentiation of tariffs, you can infer how Trump views the U.S.’s global strategic direction—a vision that will likely be pursued further.

Notice the low tariffs for South America. Remember how Rubio, right after taking office, made a diplomatic tour across Latin America—something that hadn’t happened in a century? It seems Trump is aiming to “pull Latin America out of China’s hands” and form a U.S.–Latin American alliance in the Western Hemisphere.

At the same time, clear preferences are being given to those joining new U.S. military alliances, as alternatives to the increasingly hard-to-control NATO.

On the other hand, traditional U.S. allies are out of luck. The economies of the EU, Japan, and South Korea—countries that have money but are not considered crucial allies by Trump—are being treated as revenue sources.

This is especially evident in the EU’s case. According to the “Trump Doctrine”, the main rival to the U.S. is China, and the EU is useless in the fight against China. They won’t go to war over Taiwan, nor will they support a likely sanctions regime against the PRC. So, in Trump’s view, they should simply start paying America in hard currency now, with the long-term plan being further deindustrialization and relocating manufacturing to the U.S..

The tariffs will go into effect between April 5 and 9. Based on past experience, I wouldn’t be surprised if they never actually take effect—maybe they’ll be repealed, suspended, or something else. But if nothing changes and the 20% tariffs on the EU, Japan, and others remain in place long-term, then the so-called “golden age of universal prosperity” will likely become a thing of the past for those nations.

[–] [email protected] 1 points 24 minutes ago

They should tariff Israel a lot more

[–] [email protected] 5 points 3 hours ago

Who cares what the russo nazis think

[–] [email protected] 21 points 7 hours ago (4 children)

I saw someone say it seems that the tariffs were calculated by dividing our trade deficit by their exports to us and cutting that number in half. Another person analyzed his charts and concluded they look a lot like they were generated by AI.

So, there is, literally no basis in logic. Either one of Trump's minions calculated what it would take to recoup the difference in the trade deficit and just wrote it down and he announced that as the new basis for international trade, which has never, ever been done, for the reason that it is fucking idiotic, or he asked Gemini how to execute his already objectively stupid policy and wrote an Executive Order making it the law.

And the fact that we are forced to accept people on the Internet's guesses about how he calculated these numbers may actually be worse than the fact that just about every product on the market more complex than a stapler just jumped about 30% in price.

[–] [email protected] 2 points 3 hours ago (1 children)

I'm dumb but that just means that every product will be 30% more expensive for Americans, right? And the 30% is just... Going to the state or something? So it's just taxing your ppl?

[–] [email protected] 1 points 2 hours ago

Effectively, yes. Tariffs are basically just a sales tax. It's a little more complicated than that but the end result for consumers isn't really any different.

[–] [email protected] 9 points 5 hours ago

They published their “methodology” today, and it’s as dumb as you’d imagine: https://ustr.gov/issue-areas/reciprocal-tariff-calculations

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[–] [email protected] 6 points 5 hours ago

Good god he is so freaking stupid I can't even...

[–] [email protected] 11 points 6 hours ago

So 100% on brand for Trump and America in general

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