World News

398 readers

509 users here now

Rules:

Be a decent person
No spam
Add the byline, or write a line or two in the body about the article.

founded 2 months ago

MODERATORS

Deceptichum@quokk.au

Grainne@lemmy.dbzer0.com

PhilipTheBucket@ponder.cat

216

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)

submitted 3 weeks ago by TheKetchupSong@lemmings.world to c/world@quokk.au

87 comments fedilink hide all child comments

His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

you are viewing a single comment's thread
view the rest of the comments

[–] halcyoncmdr@lemmy.world 43 points 3 weeks ago (3 children)

Trump 110% still believes that other countries pay these tariffs.

[–] UnderpantsWeevil@lemmy.world 27 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

He believes they can't raise their own tariffs in turn. That's the real danger here. Not Americans paying double for some knock off plastic widget on Temu, but American exporters running into an equivalent tariff wall trying to import cars and computers and pork shoulders into China.

He's taking a guillotine to American global logistics

[–] DragonTypeWyvern@midwest.social 4 points 3 weeks ago

And when it crashes it will be the Deep State's fault.

[–] OpenStars@discuss.online 3 points 3 weeks ago

More like he DGAF.:-P

[–] I_Miss_Daniel@lemmy.world 1 points 3 weeks ago (1 children)

I'm not so sure.

It's free money for the government isn't it? If he's all about greed or grift, then isn't it the more the merrier?

Disclaimer: I'm not from USA, I'm watching from the other side of the world.

[–] DragonTypeWyvern@midwest.social 3 points 3 weeks ago

Raising the income tax to 100% might also give you a brief surge of revenue before people start starving and then burning things.