this post was submitted on 02 Feb 2025
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[–] Terrarium@hexbear.net 49 points 1 month ago (2 children)

How much do you want to bet that 100% was chosen because it sounds like "maximum possibke tariff" even though that isn't what it means?

[–] comrade_pibb@hexbear.net 28 points 1 month ago (1 children)

I bet 101% percent that's what happened

[–] Terrarium@hexbear.net 17 points 1 month ago (2 children)
[–] PoY@lemmygrad.ml 4 points 1 month ago

100 is the highest number, forget about it :mrshow:

[–] DancingBear@midwest.social 2 points 1 month ago

He should just tariff all foreign goods -100% and then gas can be free again

[–] edge@hexbear.net 8 points 1 month ago

He seems to think tariffs are a tax on the seller, so 100% would mean they make no money.

[–] freagle@lemmygrad.ml 36 points 1 month ago

That's a lot of countries, buddy. You're gonna do exactly what the grad has been asking for - sanctioning yourself out of the international economy

[–] Lerios@hexbear.net 34 points 1 month ago

we have entered the 'scream if you want to go faster' stage of accelerationism lets-fucking-go amerikkka

[–] lemmyseizethemeans@lemmygrad.ml 16 points 1 month ago (1 children)
[–] keepcarrot@hexbear.net 15 points 1 month ago (2 children)

Didn't he already do this towards China specifically and then tarriff China less than neighbouring countries (one of which is a major US military ally)?

[–] stink@lemmygrad.ml 8 points 1 month ago

Yes, and Biden set EV + solar panel tariffs at like 150% from china

[–] blobjim@hexbear.net 3 points 1 month ago

I guess there are other tarrifs on China that are still in place. Like stink brought up. So "10%" doesn't tell the whole story.

[–] ReadMoreBooks@lemmy.zip 13 points 1 month ago (3 children)

I think I've wrapped my head around it.

Trump is stupid but also a puppet. The mandate of capitalism is eternal economic growth. Tariffs force greater consumption of domestic products. This maximizes gains evaluated in scope of a 4 year cash grab.

Is it really this simple?

[–] KatGirl@hexbear.net 3 points 1 month ago

Pretty much yeah. Capitalists always would rather get short term profit than long term profit. While the wealthy might get more money now from the tarrifs, since most of the us industry was shipped overseas its going to hurt the wealthy's bottom line very quickly. Its not just the normaal push for short term profit, its an extra desperate push as a last ditch effort

[–] blobjim@hexbear.net 1 points 1 month ago (1 children)

I mean I think the tarrifs are a ruling-class or at least government consensus where they get to put the blame on Trump. I think this actually is the long-term planning "national security" effort to onshore stuff before "China wins". You can find those articles that occasionally come out about finding alternative sources for various natural resources like rare earth metals or whatever.

[–] ReadMoreBooks@lemmy.zip 1 points 1 month ago

That's not profitable.

[–] Xavienth@lemmygrad.ml 1 points 1 month ago

All the biggest capitalists, the ones that can swing their dicks around in politics, have factories in China. They get money regardless of where their products are manufactured.

[–] Jacobo_Villa_Lobos@hexbear.net 11 points 1 month ago

And what happens when all of the generic medicines from India are slapped with a 100% tariff? That’s 40-50% of all generic meds in the US

[–] JustSo@hexbear.net 7 points 1 month ago

Hahahaha.

Okay little guy.

[–] HexReplyBot@hexbear.net 5 points 1 month ago

I found YouTube links in your post. Here are links to the same videos on alternative frontends that protect your privacy:

Link 1:

Link 2:

[–] umbrella@lemmy.ml 4 points 1 month ago

pls go ahead.

tax yourself into irrelevancy.