this post was submitted on 03 Apr 2025
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World News

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Summary

Trump’s tariff formula, based on trade deficits divided by export values, has imposed disproportionately high tariffs on poor nations, with Madagascar facing 47%, Lesotho 50%, and Cambodia 49%.

Critics say the method unfairly punishes countries that import little from the U.S. and lacks credible economic basis.

Rich countries like EU members are also affected, with a 20% tariff branded a "colossal inaccuracy."

Economists and trade experts question whether this mechanical approach leaves room for negotiation, warning it strains alliances and undermines global trade norms.

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[–] [email protected] 36 points 1 day ago (2 children)

confounds the world

No it fucking doesn't. The rest of the world is not confused or shocked to see this.

Don't let American media convince you this was a fucking surprise.

[–] [email protected] 7 points 1 day ago

The stupidity of the formula when they have access to sone of the best central banking economists and economic models in the world does shock me.

Clearly they’re not leveraging anyone credible to do this. Even if it’s a terrible idea, flying it blind is even dumber.

[–] [email protected] 5 points 1 day ago* (last edited 1 day ago)

The results are expected, but it's the fact that the US President is stupid enough to hurt his own country having the entire country's resources at his own disposal to know better, is a bit shocking. It's like stepping on a rake while pointing and looking at it.

[–] [email protected] 22 points 1 day ago (1 children)

That's the Golden Rule of the US.

"Fuck The Poor"

[–] [email protected] 7 points 1 day ago

The golden rule of capitalism, and therefore especially the US, is "Fuck everyone except rich nazis"

[–] [email protected] 4 points 1 day ago

If you don't want to be punished, just stop being poor.