The Trump Tariffs thread

[jdubs03]

Some context:

Apple Stock Falls as Trump Tariffs Target Supply Chain

Apple's efforts to diversify its supply chain may have been for naught with the Trump administration's new tariffs that target multiple...

www.macrumors.com

We’re getting the short shift with imports from Vietnam (+21%) and China at 54% (+19%), based on those AI results. China is 34% on top of the original 20%.

The very best people.

 

[SteveGrabowski]

God I hate this stupid country. Already considered US citizenship a curse from birth back when Biden was president but now it feels like an early death sentence since we're surely going into another Great Depression.

 

[Indus]

Remember this day boys..

with friends like these MAGAts, who needs enemies?

It actually gets worse

Americans spent 144 million on toasters, 99% of them imported.

We can't even make our own toasters FFS

 

[SteveGrabowski]

Americans spent 144 million on toasters, 99% of them imported.

We can't even make our own toasters FFS

Unless those toasters can cook cat food they probably won't be that useful to Americans over the next decade anyways.

 

[jdubs03]

Point in time:

I‘m thinking we might see another 4% drop intraday. Surely with the Nasdaq.
Remember when in dumbass’ first term he bragged about the stock market and people’s 401k accounts. Hah what quaint those days were.

Will be illuminating when the European indexes open. The Nikkei 225 Index is currently down 3%.

 

[K1052]

As a reminder Trump still, at some point, intends to issue sectoral tariffs (lumber, pharmaceuticals, energy, more metals, minerals, etc) in the coming weeks.

We’ll see if the market taking a swan dive makes him reconsisder.

 

[gdansk]

That fucking idiot.

 

[Jaskalas]

As a reminder Trump still, at some point, intends to issue sectoral tariffs (lumber, pharmaceuticals, energy, more metals, minerals, etc) in the coming weeks.

We’ll see if the market taking a swan dive makes him reconsisder.

An open roof drive through Texas is all the consideration he deserves.

 

[GodisanAtheist]

Ofc, conspicuously missing from the list of countries with "Liberation Day" Tarrifs is...

*Drumroll please*

Do I even have to say it you know which country I'm talking about.

 

[jdubs03]

Ofc, conspicuously missing from the list of countries with "Liberation Day" Tarrifs is...

*Drumroll please*

Do I even have to say it you know which country I'm talking about.

NoT RuSsIa!!!!!!!!!!!! FfS.

 

[iRONic]

Late November, 2024“Trump will fix it” - My lawn care dude who is also A UAW worker at KAP(Kentucky assembly plant). Local scuttlebutt says there will be ~2300 jobs over there being furloughed while they retool the plant for electric vehicles.

I haven't heard a peep out of him this year…

 

[SteveGrabowski]

That fucking idiot.

He's not an idiot; he's a sociopath.

 

[Ashberto]

He's not an idiot; he's a sociopath.

Idiotic sociopath?

 

[RalphTheCow]

Damn. T rump went a little overboard in creating a distraction to the Signal crisis.

 

[RalphTheCow]

“They are destroying our country”.

 

[RalphTheCow]

And Trump surges past Elon as most hated man in the world.

 

[misuspita]

And Trump surges past Elon as most hated man in the world.

Might this have been a trigger for Trump? How can I not be the bestest and greatest and Nr 1 on everything! I'll show that Elon how to be nr 111!!11

 

[Abwx]

That they put tariffs on an uninhabited island chain in the Antarctic could not be a better portrayal of this entire stupidity. Penguins. They tariffed fucking penguins.

....

https://twitter.com/x/status/1907696855644815519

More seriously China is currently dumping their US treasury bunds.

 

[cytg111]

1. April April fools day
2. April April fools day

Only amateurs needs a virus like covid to fuck things up globally.. Trump can do that by simply being himself.

 

[pmv]

Seems extra stupid

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Yeah, it seems as if this is what they did. With a 10% 'minimum', then that arbitrary calculation. And basing it all on a list of every nation and territory in the world, probably taken from the CIA world fact book, hence including places with zero population.

I think the word "reciprocal" only got in there because Trump doesn't know what the word means. He really is incredibly dumb. But is this happening because of the random event of a very dumb person getting such power, or does it represent a deeper socio-political-economic development? I can't help thinking it's the latter. The dumbness is not entirely random.

 

[pmv]

He's also imposed some of the highest tariffs on some of the poorest (and most crisis-torn) countries, like Sri Lanka and Cambodia. Not sure if that's just the logic of the bonkers methodology he used for calculating tariff rates, or if (as someone suggested) he's targeting countries that have had investment by China. The outcome seems likely to be those countries moving closer to China, though. Why would anyone want to be allied to a country run by an irrational despot (when they could go with a rational despot)?

In a similar spirit, surely it's time for the UK to kick the US out of its airbases here? Why are we acting as an airstrip for a hostile nation?

Apparently those bases are "leased". Not sure if that means it's hard to legally terminate the arrangement, also not sure if that means the US is paying rent for them. If not we should start charging, as Trump is so 'transactional', lets put it on a fully commercial basis (with rent charged retrospectively).

 

[cytg111]

Yea he is doing a reverse usaid on those countries while also stabbing himself somehow. Impressive.

 

[RalphTheCow]

Woohoo! Rand Paul has guns blazing. Whuda thunk it!? Yay!

And Chris Murphy has also hit the nail on the head. Trump is doing it to have kingly powers over taxes. The senate has broken. Sadly there is not much hope of the house doing the same.

Thanks to MSN for serving Raw Story and Alternet stories. “Dangerously Naive” is the title of the article quoting Chris Murphy. Like Fox News for the rest of us, but without the propaganda and lies, as far as I can tell.

'Dangerously naive': Lawmaker flags Trump's ulterior motive for 'new super dangerous tool'

Donald Trump has an ulterior motive for enacting his controversial tariff policy, but there is a way that opponents can fight back, according to Democratic Senator Chris Murphy. Murphy, who represents Connecticut, said in the wake of Trump's major trade war escalation that "those trying to...

www.rawstory.com

 

[KMFJD]

/r/wallstreetbets should be fantastic reading today when the markets open

 

[linkgoron]

/r/wallstreetbets should be fantastic reading today when the markets open

bers poised to finally have a win